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Inventory
 12 Months Ended
Jun. 30, 2024
Inventory [Abstract]  
Inventory
5.
 
INVENTORY
The Company’s inventory
 
comprised the following categories as of June 30, 2024, and 2023.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
June 30,
2024
2023
Raw materials
$
2,791
$
2,819
Work in
 
progress
71
30
Finished goods
 
15,364
24,488
$
18,226
$
27,337
As of June
 
30, 2024 and
 
2023, finished goods
 
includes $
1.8
 
million and $
8.6
 
million, respectively,
 
of Cell C
 
airtime inventory
that was
 
previously classified
 
as finished
 
goods subject
 
to sale restrictions.
 
In support
 
of Cell C’s
 
liquidity position
 
and pursuant
 
to
Cell C’s
 
recapitalization process,
 
the Company
 
limited the
 
resale of
 
this airtime
 
to its
 
own distribution
 
channels. On
 
September 30,
2022, Cell C concluded its recapitalization process and the Company and Cell
 
C entered into an agreement under which Cell C
 
agreed
to
 
repurchase,
 
from
 
October
 
2023,
 
up
 
to
 
ZAR
10
 
million
 
of
 
Cell
 
C
 
inventory
 
from
 
the
 
Company
 
per
 
month.
 
The
 
amount
 
to
 
be
repurchased by
 
Cell C was
 
calculated as
 
ZAR
10
 
million less the
 
face value
 
of any
 
sales made
 
by the
 
Company during
 
that month.
The Company’s
 
ability to
 
sell this
 
airtime increased
 
significantly since
 
the acquisition
 
of Connect
 
because Connect
 
is a
 
significant
reseller of Cell C airtime. As a result, the Company sold higher volumes of airtime through this channel than it did prior to the Cell C
recapitalization. The Company agreed to notify Cell C prior to selling any of this airtime, however,
 
there was no restriction placed on
the Company on the sale of the airtime. The Company has sold all of this inventory
 
as of the end of August 2024.