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FINANCE RECEIVABLES (Tables)
9 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Schedule of Finance Receivables As of March 31, 2023 and June 30, 2022, finance receivables consist of the following:
($ in thousands)March 31,
2023
June 30,
2022
Current finance receivables, net$7,477 $6,721 
Finance receivables due after one year, net13,870 14,727 
Total finance receivables, net of allowance of $864 and $760, respectively
$21,347 $21,448 
Schedule of Credit Quality Indicators
At March 31, 2023, 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$8,570 $5,538 $2,312 $1,814 $1,706 $30 $19,970 
30 days and under72 83 59 69 64 16 363 
31-60 days12 42 29 55 61 14 213 
61-90 days30 33 48 58 15 191 
Greater than 90 days27 169 98 393 632 155 1,474 
Total finance receivables$8,688 $5,862 $2,531 $2,379 $2,521 $230 $22,211 


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 March 31, 2023, 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$8,661 $5,576 $2,219 $1,837 $1,786 $64 $20,143 
Low ratio customers27 286 312 542 735 166 2,068 
Total finance receivables$8,688 $5,862 $2,531 $2,379 $2,521 $230 $22,211 


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 and nine months ending March 31, 2023 and 2022:

Three months ended March 31,Three months ended March 31,
($ in thousands)20232022
Balance, beginning of period$864 $1,062 
Provision for expected losses— 225 
Write-offs— (138)
Balance, end of period$864 $1,149 


Nine months ended March 31,Nine months ended March 31,
($ in thousands)20232022
Balance, beginning of period$760 $1,109 
Provision for expected losses392 425 
Write-offs(288)(385)
Balance, end of period$864 $1,149 
Schedule of Cash To Be Collected On Performing Financing Receivable
Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands)
2023 (remaining 3 months)$2,690 
20247,570 
20255,965 
20264,546 
20272,754 
Thereafter793 
Total amounts to be collected24,318 
Less: interest(2,107)
Less: allowance for receivables(864)
Total finance receivables$21,347