SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2022

Below are excerpts from the Condensed Consolidated Statement of Operations for each quarter of fiscal year 2021 before and after the revisions:


Revised presentation:	Three months ended								Year ended June 30, 2021
($ in thousands)	September 30, 2020		December 31, 2020		March 31, 2021		June 30, 2021
Sales and marketing	$	1,599	$	1,520	$	1,754	$	2,062	$	6,935
Technology and product development	3,214		3,783		4,425		4,513		15,935
General and administrative	11,997		8,528		7,552		7,677		35,754
Depreciation and amortization	1,068		1,052		991		996		4,107
Total operating expenses	$	17,878	$	14,883	$	14,722	$	15,248	$	62,731


As previously reported:	Three months ended								Year ended June 30, 2021
($ in thousands)	September 30, 2020		December 31, 2020		March 31, 2021		June 30, 2021
Selling, general, and administrative	$	16,810	$	13,831	$	13,731	$	14,252	$	58,624
Depreciation and amortization	1,068		1,052		991		996		4,107
Total operating expenses	$	17,878	$	14,883	$	14,722	$	15,248	$	62,731

The following table represents a roll forward of the allowance for doubtful accounts for accounts and finance receivables for the

three and nine months ending March 31, 2022:


	Three months ended March 31,
	2022				2021
($ in thousands)	Accounts Receivable		Finance Receivable		Accounts Receivable		Finance Receivable
Balance, beginning of period	$	7,161	$	1,062	$	7,855	$	909
Provision for expected losses	981		225		—		—
Write-offs	(1,022)		(138)		(827)		—
Balance, end of period	$	7,120	$	1,149	$	7,028	$	909


	Nine months ended March 31,
	2022				2021
($ in thousands)	Accounts Receivable		Finance Receivable		Accounts Receivable		Finance Receivable
Balance, beginning of period	$	6,614	$	1,109	$	7,676	$	150
Impact of adoption of ASC 326*	—		—		(757)		409
Provision for expected losses	2,094		425		936		350
Write-offs	$	(1,588)	$	(385)	$	(827)	$	—
Balance, end of period	$	7,120	$	1,149	$	7,028	$	909

* The Company adopted ASC 326 on July 1, 2020.