Forest Note and Transactions with JPM (Tables)

9 Months Ended

Mar. 31, 2023

Note And Transaction [Abstract]

Summary of Gain on Sale of Controlling Interests in Forest

The following table shows calculation of the recorded gain on sale of controlling interest in subsidiary of $10.5 million on the Company's condensed consolidated statement of operations for the nine months ended March 31, 2023:

(in thousands)	December 30, 2022
Cash proceeds	$	18,409
Fair value of retained 19% non-controlling interest in Forest		2,128
Carrying value of non-controlling interest prior to sale		2,120
		22,657
Less: Carrying value of net assets disposed		12,133
Gain on Sale of Controlling Interest in Forest	$	10,524

Schedule of Loss Before Income Taxes of Forest As well As Loss Before Income Taxes of Forest Attributable to Great Elm Group, Inc

The following table shows loss before income taxes of Forest, as well as loss before income taxes of Forest attributable to Great Elm Group, Inc.:

	For the three months ended March 31,					For the nine months ended March 31,
(in thousands)	2023		2022			2023			2022
Loss before income taxes		-		(482	)		(2,679	)		(1,442	)
Loss before income taxes attributable to Great Elm Group, Inc.		-		(1,726	)		(1,133	)		(2,508	)