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Discontinued Operations (Tables)
6 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Results of Operations for the Discontinued Operations of Company

The following depicts the results of operations for the discontinued operations of the Company for the three and six months ended September 30, 2024 and 2023:

 

 

For the Three Months Ended September 30,

 

 

For the Six Months Ended September 30,

 

(In thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

Interest and fee income on finance receivables

 

$

-

 

 

$

6,330

 

 

$

1,229

 

 

$

13,413

 

Total revenue

 

 

-

 

 

 

6,330

 

 

 

1,229

 

 

 

13,413

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

 

Marketing

 

 

-

 

 

 

36

 

 

 

6

 

 

 

66

 

Provision for credit losses

 

 

-

 

 

 

12,407

 

 

 

-

 

 

 

13,052

 

Fair value and other adjustments, net

 

 

(167

)

 

 

-

 

 

 

(28

)

 

 

-

 

General and administrative

 

 

264

 

 

 

2,601

 

 

 

806

 

 

 

5,320

 

Total operating expenses

 

 

97

 

 

 

15,044

 

 

 

784

 

 

 

18,438

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other expense

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

-

 

 

 

258

 

 

 

-

 

 

 

758

 

Total other expense

 

 

-

 

 

 

258

 

 

 

-

 

 

 

758

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on disposal of assets, net of taxes

 

 

(175

)

 

 

-

 

 

 

(1,692

)

 

 

-

 

Gain on sale of finance receivables, net of taxes

 

 

(723

)

 

 

-

 

 

 

(723

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

801

 

 

 

(8,972

)

 

 

2,860

 

 

 

(5,783

)

Income tax benefit

 

 

-

 

 

 

(145

)

 

 

-

 

 

 

-

 

Net income (loss) from discontinued operations, net of taxes

 

$

801

 

 

$

(8,827

)

 

$

2,860

 

 

$

(5,783

)