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FINANCE RECEIVABLES (Tables)
3 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Schedule of Finance Receivables As of September 30, 2022 and June 30, 2022, finance receivables consist of the following:
($ in thousands)September 30,
2022
June 30,
2022
Current finance receivables, net$6,594 $6,721 
Finance receivables due after one year, net14,809 14,727 
Total finance receivables, net of allowance of $1,152 and $760, respectively
$21,403 $21,448 
Schedule of Credit Quality Indicators
At September 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
Current$9,011 $4,985 $1,780 $2,611 $2,798 $14 $21,199 
30 days and under37 29 37 36 16 — 155 
31-60 days18 21 32 26 92 — 189 
61-90 days24 32 26 95 — 186 
Greater than 90 days67 174 345 233 826 
Total finance receivables$9,079 $5,126 $2,055 $3,044 $3,234 $17 $22,555 

At June 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
Current$7,451 $5,047 $2,758 $2,593 $2,807 $103 $20,759 
30 days and under18 10 32 56 94 213 
31-60 days25 23 26 58 100 — 232 
61-90 days25 14 20 46 91 — 196 
Greater than 90 days41 47 97 232 391 — 808 
Total finance receivables$7,560 $5,141 $2,933 $2,985 $3,483 $106 $22,208 

At September 30, 2022, credit quality indicators by year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
High ratio customers$9,075 $4,823 $1,729 $2,554 $2,867 $10 $21,058 
Low ratio customers303 326 490 367 1,497 
Total finance receivables$9,079 $5,126 $2,055 $3,044 $3,234 $17 $22,555 


At June 30, 2022, credit quality indicators by year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
High ratio customers$7,498 $4,853 $2,688 $2,623 $2,950 $102 $20,714 
Low ratio customers62 288 245 362 533 1,494 
Total finance receivables$7,560 $5,141 $2,933 $2,985 $3,483 $106 $22,208 
Financing Receivable, Allowance for Credit Loss
The following table represents a rollforward of the allowance for finance receivables for the three months ending September 30, 2022 and 2021:
Three months ended September 30,Three months ended September 30,
($ in thousands)20222021
Balance at June 30$760 $1,109 
Provision for expected losses392 100 
Balance at September 30$1,152 $1,209 
Schedule of Cash To Be Collected On Performing Financing Receivable
Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands)
2023$5,817 
20247,106 
20255,353 
20263,933 
20272,140 
Thereafter462 
Total amounts to be collected24,811 
Less: interest(2,256)
Less: allowance for receivables(1,152)
Total finance receivables$21,403