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Advances Receivable, net
 6 Months Ended
Dec. 31, 2018
Advances Receivable [Abstract]  
Advances Receivable, net
6.
Advances Receivable, net
 
In December 2018, we entered into
an arrangement with an MCA originator
to participate in its MCA activity. We made an initial advance of $5,000 to the originator, which in turn advanced these funds to merchants as part of a syndication. As receipts have been paid by the merchants, we have used the collected funds to fund additional MCAs with this originator. Total advances receivable, net consist of the following:
 
 
 
Advance

Principal
 
 
Deferred

Fees
 
 
Provision

for Credit

Losses
 
 
Carrying

Value
 
Merchant cash advances
 
$
5,006
 
 
$
-
 
 
$
(496
)
 
$
4,510
 
Aviation advance
 
 
2,000
 
 
 
(25
)
 
 
-
 
 
 
1,975
 
Advances receivable, net
 
$
7,006
 
 
$
(25
)
 
$
(496
)
 
$
6,485