Other Assets

6 Months Ended

Dec. 31, 2023

4)	Other Assets

The Company’s other assets as of December 31, 2023 (unaudited), with comparative information as of June 30, 2023, are as follows ($ in thousands):

	December 31, 2023		June 30, 2023

Accrued interest ^(a)	$	1,287	$	1,574
Real estate assets, net ^(b)		469		960
Forfeited Assets (Note 6) ^(a)		364		435
Settlement receivables, net ^(c)		199		254
Escrow receivable ^(d)		107		150
Other		44		42
Total other assets	$	2,470	$	3,415

(a)

The Company accrues interest in the amount that it estimates it will earn on its cash on deposit during the period from January 1, 2024 through March 31, 2026 and during the period from July 1, 2023 through March 31, 2026, respectively. The accrued interest relating to Forfeited Assets is included in the Forfeited Assets line.

(b)

Real estate assets at December 31, 2023 consisted of one performing loan secured by a property located in the state of Ohio and one single-family home subject to a life estate located in the state of Florida. Real estate assets at June 30, 2023 consisted of one performing loan secured by a property located in the state of Ohio, one single-family home subject to a life estate located in the state of Florida and one real property located in the state of Hawaii.

During the three and six months ended December 31, 2023, the Company sold the real property located in Hawaii for net proceeds of approximately $500,000. During the three and six months ended December 31, 2022, the Company did not sell any real estate assets.

(c)	The allowance for uncollectible settlement receivables was approximately $63,000 as of December 31, 2023 and June 30, 2023.

(d)

The escrow receivable as of December 31, 2023 and June 30, 2023 relates to one single-family home that was sold during the year ended June 30, 2023. The amount was held back at the close of escrow to cover specific repairs to the property. As repairs are completed, the costs associated with the repairs will be deducted from the escrow receivable.