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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 84,118 $ 22,281
Receivables from managed funds 2,421 2,445
Investments, at fair value (cost $41,079 and $68,766, respectively) 35,104 48,042
Prepaid and other current assets 946 665
Investments, at fair value (cost $2,432)   1,797
Assets of Consolidated Fund - Prepaid expenses   746
Real estate under development 1,683  
Current assets held for sale   8,464
Total current assets 124,272 84,440
Identifiable intangible assets, net 12,391 13,250
Right of use assets 582 733
Other assets 137 103
Non-current assets held for sale   69,561
Total assets 137,382 168,087
Current liabilities:    
Accounts payable 307 8
Accrued expenses and other liabilities 4,122 3,845
Current portion of related party payables 855 486
Current portion of lease liabilities 347 341
Liabilities of Consolidated Fund - accrued expenses and other   11
Current liabilities held for sale   15,003
Total current liabilities 5,631 19,694
Lease liabilities, net of current portion 245 472
Long term debt (face value $26,945) 25,737 25,532
Related party payables 445 1,120
Related party notes payable, net of current portion   6,270
Convertible notes (face value $36,987 and $36,085, including $15,019 and $15,133 held by related parties, respectively) 36,176 35,187
Redeemable preferred stock of subsidiaries (held by related parties, face value $35,010)   34,099
Other liabilities 691 908
Non-current liabilities held for sale   2,551
Total liabilities 68,925 125,833
Commitments and Contingencies (Note 13)
Contingently redeemable non-controlling interest   2,225
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 authorized and zero outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized and 30,028,319 shares issued and 28,976,454 outstanding at December 31, 2022; and 28,932,444 shares issued and 28,507,490 outstanding at June 30, 2022 29 29
Additional paid-in-capital 3,314,737 3,312,763
Accumulated deficit (3,246,309) (3,279,296)
Total Great Elm Group, Inc. stockholders' equity 68,457 33,496
Non-controlling interest   6,533
Total stockholders' equity 68,457 40,029
Total liabilities, non-controlling interest and stockholders' equity $ 137,382 $ 168,087