Other Assets

12 Months Ended

Jun. 30, 2024

4)	Other Assets

The Company’s other assets as of June 30, 2024 and 2023, are as follows ($ in thousands):

	June 30, 2024		June 30, 2023
Accrued interest ^(a)	$	1,790	$	1,574
Real estate assets, net^(b)		498		960
Settlement receivables, net ^(c)		67		254
Forfeited Assets (Note 6) ^(a)		58		435
Escrow receivable ^(d)		4		150
Other		42		42
Total other assets	$	2,459	$	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 July 1, 2024 through March 31, 2026 and during the period from July 1, 2023 through March 31, 2026, respectively. Of the accrued interest at June 30, 2024, approximately $36,000 relates to the Forfeited Assets’ restricted cash and approximately $1,790,000 relates to the Company’s remaining cash, cash equivalents, short-term investments and restricted cash. Of the accrued interest at June 30, 2023, approximately $62,000 relates to the Forfeited Assets’ restricted cash and approximately $1,574,000 relates to the Company’s remaining cash, cash equivalents, short-term investments and restricted cash. The accrued interest relating to Forfeited Assets is included in the Forfeited Assets line.

(b)

Real estate assets at June 30, 2024 consisted of one performing loan secured by a property located in the state of Ohio (see Note 13) 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 year ended June 30, 2024, the Company sold the real property located in Hawaii for net proceeds of approximately $500,000. During the year ended June 30, 2023, the Company sold one single-family home, sold one other property, and settled one secured loan for net proceeds of approximately $26,958,000 in the aggregate.

(c)	Net of an allowance for uncollectible settlement receivables, which was approximately $141,000 and $63,000 as of June 30, 2024 and 2023, respectively.

(d)

The escrow receivable as of June 30, 2024 and 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 are deducted from the escrow receivable.