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Segments (Tables)
3 Months Ended
Sep. 30, 2020
Segments  
Schedule of Segment operating results

Segment operating results are as follows (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

 

    

2020

    

2019

    

 

 

 

 

 

 

 

 

 

 

 

 

Segment revenue:

 

 

 

 

 

 

 

Advance income

 

$

539

 

$

805

 

Syndication fees

 

 

129

 

 

550

 

Interest on loans to Funders

 

 

148

 

 

204

 

Other MCA revenue

 

 

 —

 

 

93

 

MCA and other financial services operations revenues

 

 

816

 

 

1,652

 

Real estate operations revenues

 

 

94

 

 

79

 

Consolidated revenues

 

 

910

 

 

1,731

 

 

 

 

 

 

 

 

 

Segment operating expenses:

 

 

  

 

 

  

 

Selling, general, and administrative

 

 

192

 

 

354

 

Change in fair value of contingent consideration

 

 

 —

 

 

100

 

Amortization of purchased intangibles

 

 

97

 

 

120

 

Provision for credit losses on advances

 

 

52

 

 

215

 

MCA and other financial services operations

 

 

341

 

 

789

 

Real estate operations

 

 

 —

 

 

 —

 

Add:

 

 

  

 

 

  

 

Corporate expenses

 

 

893

 

 

891

 

Consolidated operating expenses

 

 

1,234

 

 

1,680

 

 

 

 

 

 

 

 

 

Segment operating income (loss):

 

 

  

 

 

  

 

MCA and other financial services operations

 

 

475

 

 

863

 

Real estate operations

 

 

94

 

 

79

 

Add:

 

 

  

 

 

  

 

Corporate

 

 

(893)

 

 

(891)

 

Consolidated operating income (loss)

 

$

(324)

 

$

51

 

 

Schedule of Segment assets

 

 

 

 

 

 

 

 

 

 

September 30, 

 

June 30, 

 

    

2020

    

2020

 

 

(Amounts in thousands)

 

 

 

 

 

 

 

Segment assets:

 

 

 

 

 

 

MCA and other financial services

 

$

25,521

 

$

19,287

Real estate

 

 

9,815

 

 

9,275

Add:

 

 

  

 

 

  

Corporate assets

 

 

37,526

 

 

48,065

Corporate intercompany loan to LMCS

 

 

(3,041)

 

 

(6,777)

Total consolidated assets

 

$

69,821

 

$

69,850