Advances Receivable, net (Tables)

6 Months Ended

Dec. 31, 2020

Advances Receivable, net

Schedule of advances receivable

Total advances receivable, net, as of December 31, 2020, consisted of the following:

					Provision
	Advance		Deferred		for Credit		Carrying
	Principal		Fees		Losses		Value
	(Amounts in thousands)
Merchant cash advances	$	120	$	—	$	(9)	$	111
Aviation advances		13,760		—		(13,760)		—
Advances receivable, net	$	13,880	$	—	$	(13,769)	$	111

Total advances receivable, net, as of June 30, 2020, consisted of the following:

					Provision
	Advance		Deferred		for Credit		Carrying
	Principal		Fees		Losses		Value
	(Amounts in thousands)
Merchant cash advances	$	1,919	$	—	$	(124)	$	1,795
Aviation advances		10,000		(359)		—		9,641
Advances receivable, net	$	11,919	$	(359)	$	(124)	$	11,436

Allowance for Credit Losses on Financing Receivables

Changes in the allowance for MCA credit losses are as follows (amounts in thousands):

Allowance for credit losses, July 1, 2020	$	124
Provision for credit losses		13,827
Receivables charged off		(99)
Recoveries of receivables previously charged off		1
Sale of portfolios		(84)
Effects of exchange rate differences		1
Allowance for credit losses, December 31, 2020	$	13,770

Allowance for credit losses, July 1, 2019	$	736
Provision for credit losses		396
Receivables charged off		(911)
Recoveries of receivables previously charged off		138
Allowance for credit losses, December 31, 2019	$	359