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Basis Of Presentation And Summary Of Significant Accounting Policies (Policy)
9 Months Ended
Mar. 31, 2025
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]  
Unaudited Interim Financial Information
Unaudited Interim Financial Information
The accompanying
 
unaudited condensed
 
consolidated financial
 
statements include
 
all majority-owned
 
subsidiaries over
 
which
the Company exercises
 
control and have been
 
prepared in accordance with
 
U.S. generally accepted accounting
 
principles (“GAAP”)
and
 
the rules
 
and
 
regulations
 
of
 
the United
 
States Securities
 
and
 
Exchange
 
Commission
 
for
 
Quarterly Reports
 
on Form
 
10-Q
 
and
include all of the information and
 
disclosures required for interim financial reporting.
 
The results of operations for the
 
three and nine
months ended March 31, 2025 and
 
2024, are not necessarily indicative of
 
the results for the full year.
 
The Company believes that the
disclosures are adequate to make the information presented not misleading.
These
 
unaudited
 
condensed
 
consolidated
 
financial
 
statements
 
should
 
be
 
read
 
in
 
conjunction
 
with
 
the
 
financial
 
statements,
accounting policies and financial notes thereto included in the
 
Company’s Annual Report on Form 10-K for the fiscal year ended June
30,
 
2024.
 
In
 
the
 
opinion
 
of
 
management,
 
the
 
accompanying
 
unaudited
 
condensed
 
consolidated
 
financial
 
statements
 
reflect
 
all
adjustments (consisting only of normal recurring adjustments), which are necessary for a fair
 
representation of financial results for the
interim periods presented.
 
References to “Lesaka” are references
 
solely to Lesaka Technologies,
 
Inc. References to the “Company” refer
 
to Lesaka and its
consolidated subsidiaries, collectively,
 
unless the context otherwise requires.
Recent Accounting Pronouncements Adopted
Recent accounting pronouncements adopted
In November 2023, the
 
Financial Accounting Standards
 
Board (“FASB”)
 
issued guidance regarding
Segment Reporting (Topic
280)
 
to
 
improve
 
reportable
 
segment
 
disclosure
 
requirements,
 
primarily
 
through
 
enhanced
 
disclosures
 
about
 
significant
 
segment
expenses. In addition, the
 
guidance enhances interim disclosure
 
requirements, clarifies circumstances in
 
which an entity can disclose
multiple
 
segment
 
measures
 
of
 
profit
 
or
 
loss,
 
provides
 
new
 
segment
 
disclosure
 
requirements
 
for
 
entities
 
with
 
a
 
single
 
reportable
segment, and contains
 
other disclosure requirements.
 
This guidance is effective
 
for the Company
 
beginning July 1,
 
2024 for its
 
year
ended June 30, 2025, and for interim periods commencing from July 1, 2025 (i.e. for the
 
quarter ended September 30, 2025).
Recent accounting pronouncements not yet adopted as of March 31, 2025
Recent accounting pronouncements not yet adopted
 
as of March 31, 2025
In
 
December
 
2023,
 
the
 
FASB
 
issued
 
guidance
 
regarding
Income
 
Taxes
 
(Topic
 
740)
 
to
 
improve
 
income
 
tax
 
disclosure
requirements. The guidance requires
 
entities, on an
 
annual basis, to
 
(1) disclose specific categories
 
in the income
 
tax rate reconciliation
and (2) provide additional information for reconciling items that meet a quantitative threshold (if
 
the effect of those reconciling items
is equal
 
to or
 
greater
 
than
 
five percent
 
of the
 
amount computed
 
by multiplying
 
pre-tax
 
income
 
or loss
 
by the
 
applicable
 
statutory
income tax rate). This guidance
 
is effective for the Company
 
beginning July 1, 2025. The Company
 
is currently assessing the impact
of this guidance on its financial statements and related disclosures.
In
 
November
 
2024,
 
the
 
FASB
 
issued
 
guidance
 
regarding
Income
 
Statement—Reporting
 
Comprehensive
 
Income—Expense
Disaggregation
 
Disclosures
(Subtopic
 
220-40)
 
which
 
requires
 
disaggregated
 
disclosure
 
of
 
income
 
statement
 
expenses
 
for
 
public
business entities. The guidance does not change the expense captions an
 
entity presents on the face of the income statement; rather,
 
it
requires
 
disaggregation
 
of
 
certain
 
expense
 
captions
 
into
 
specified
 
categories
 
in
 
disclosures
 
within
 
the
 
footnotes
 
to
 
the
 
financial
statements. This guidance is effective for the
 
Company beginning July 1, 2027. Early
 
adoption is permitted. The Company is
 
currently
assessing the impact of this guidance on its financial statements and related disclosures.