Other Assets

12 Months Ended

Jun. 30, 2025

Other Assets [Abstract]

Other Assets

4)   Other Assets

The Company’s other assets as of June 30, 2025 and 2024, are as follows ($ in thousands):

		June 30, 2025		June 30, 2024
Accrued interest (a)	$	2,883	$	1,790
Real estate assets, net (b)		240		498
Settlement receivables, net (c)		110		67
Forfeited Assets (Note 6) (a)(d)		-		58
Other		47		46
Total other assets	$	3,280	$	2,459

(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, 2025 through February 15, 2027 and during the period from July 1, 2024 through March 31, 2026, respectively. The accrued interest relating to Forfeited Assets is included in the Forfeited Assets line.

(b)

Real estate assets at June 30, 2025 consist of one single-family home subject to a life estate located in the state of Florida. Real estate assets at June 30, 2024 consist of one loan secured by properties located in the state of Ohio and one single-family home subject to a life estate located in the state of Florida.

During the year ended June 30, 2025, the Company received approximately $298,000 representing the payoff of the secured note receivable plus default interest. During the year ended June 30, 2024, the Company sold the real property located in Hawaii for net proceeds of approximately $500,000.

(c)

Net of an allowance for uncollectible settlement receivables, which was approximately $175,000 and $141,000 as of June 30, 2025 and 2024, respectively.

(d)

Includes accrued interest of approximately $36,000 at June 30, 2024. There was no accrued interest at June 30, 2025.