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Investment in Joint Venture
12 Months Ended
Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Joint Venture INVESTMENT IN JOINT VENTURE
The Company has an investment in Lake Ball, LLC to procure and sell commercial leads for its customers. The Company’s ownership interest is 47.5% and is accounted for under the equity method. The Company’s investment of $0.4 million and $0.4 million at June 30, 2023 and 2022, respectively, is included in other non-current assets in the consolidated balance sheets, while net earnings from the joint venture is included in selling, general, and administrative expense in the consolidated statements of comprehensive income.
The table below presents our investment in the joint venture:
June 30,
20232022
Opening balance$382 $258 
Dividends received(725)(1,027)
Share of profit715 1,151 
Ending balance$372 $382 
Revenue and comprehensive income of the joint venture is as follows:
For the year ended June 30,
202320222021
Revenue$7,802 $6,455 $4,342 
Comprehensive income$1,537 $1,792 $1,215