Overview of Business and Basis of Presentation (Tables)

9 Months Ended

Mar. 31, 2019

Overview Of Business [Abstract]

Allowance for Credit Losses on Financing Receivables

Changes in the allowance for MCA credit losses are as follows:

Allowance for credit losses, July 1, 2018	$	-
Provision for credit losses		838
Receivables charged off		-
Recoveries of receivables previously charged off		-
Allowance for credit losses, March 31, 2019	$	838

Schedule of weighted average number of shares

The following table presents a reconciliation of the numerators and denominators of basic and diluted net income per share for the periods indicated:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2019		2018		2019		2018
Basic weighted average number of shares outstanding		8,853,451		9,824,588		8,998,935		9,549,215
Effect of dilutive securities:
Restricted stock		10,620		-		-		-
Diluted weighted average number of shares outstanding		8,864,071		9,824,588		8,998,935		9,549,215

Fair Value, Assets Measured on Recurring Basis

Our financial assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2019 and June 30, 2018 are as follows:

	As of March 31, 2019 Fair Value		Quoted Prices in Active Markets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Cash	$	4,429	$	4,429	$	-	$	-
Money market funds and repos		10,236		10,236		-		-
Cash and cash equivalents	$	14,665	$	14,665	$	-	$	-
Common stock warrants	$	8	$	8	$	-	$	-
Common stock		5,201		5,201		-		-
Preferred stock		2,883		-		-		2,883
Mutual funds		524		524		-		-
Equity investments	$	8,616	$	5,733	$	-	$	2,883
Corporate debt	$	12,533	$	-	$	12,533	$	-
Available-for-sale investments	$	12,533	$	-	$	12,533	$	-
Contingent consideration	$	1,710	$	-	$	-	$	1,710
Contingent warrants		150		-		-		150
Liabilities	$	1,860	$	-	$	-	$	1,860

	As of June 30, 2018 Fair Value		Quoted Prices in Active Markets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Cash	$	3,777	$	3,777	$	-	$	-
Money market funds and repos		28,215		28,215		-		-
Commercial paper		1,000		-		1,000		-
Cash and cash equivalents	$	32,992	$	31,992	$	1,000	$	-
Common stock warrants	$	283	$	283	$	-	$	-
Common stock		5,537		5,537		-		-
Mutual funds		809		809		-		-
Equity investments	$	6,629	$	6,629	$	-	$	-
Commercial paper	$	3,294	$	-	$	3,294	$	-
Corporate debt		10,087		-		10,087		-
Available-for-sale investments	$	13,381	$	-	$	13,381	$	-

Fair Value Assets And liabilities Measured On Recurring Basis Unobservable Input Reconciliation

The following table provides a reconciliation of the beginning and ending balances for the Company’s assets and obligations measured at fair value using Level 3 inputs:

	Assets		Obligations
	Preferred		Contingent
	Stock		Consideration		Warrants
Balance at June 30, 2018	$	-	$	-	$	-
Purchase of preferred stock		2,883		-		-
Contingent consideration issued for the purchase of LuxeMark		-		1,710		-
Contingent warrants issued for the purchase of LuxeMark		-		-		150
Balance at March 31, 2019	$	2,883	$	1,710	$	150

Fair Value, Liabilities Measured on Recurring Basis

The following table shows the valuation methodology and unobservable inputs for Level 3 assets and liabilities measured at fair value on a recurring basis.

	Fair Value		Valuation Methodology	Unobservable Inputs	Range of Inputs
Equity securities, fair value
Preferred stock	$	2,883	cost, or observable price changes	not applicable	not applicable
Contingent consideration
Contingent payments	$	1,710	Monte Carlo simulations	discount rate	15.00%
				expected volatility	30.00%
				drift rate	2.55%
				credit spread	8.00%
Warrants	$	150	Black-Scholes, Monte Carlo simulations	expected term	6.25 years
				expected volatility	30.00%
				risk free rate	2.60%
				dividend yield	0.00%