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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net (loss) income from continuing operations $ 19,735 $ (14,006)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 870 307
Stock-based compensation 1,974 2,220
Sales of investments by Consolidated Fund 1,558 24,523
Purchases of investments by Consolidated Fund   (11,687)
Stock dividends received   (193)
Unrealized loss on investments from Consolidated Fund   218
Realized loss on investments from Consolidated Fund 16 61
Unrealized (gain) loss on investments (12,776) 4,402
Realized (gain) loss on investments (4,658) 653
Gain on sale of subsidiary (10,524)  
Non-cash interest and amortization of capitalized issuance costs 1,737 1,071
Deferred tax expense (benefit) 4 (89)
Change in fair value of contingent consideration 180  
Other non-cash expense, net 324  
Changes in operating assets and liabilities:    
Receivables from managed funds (272) 81
Prepaid assets, deposits, and other assets 778 385
Real estate under development (1,600)  
Operating leases (70) (16)
Accounts payable, accrued expenses and other liabilities (849) (1,115)
Net cash (used in) provided by operating activities - continuing operations (3,573) 6,815
Net cash provided by operating activities - discontinued operations 766 8,593
Net cash (used in) provided by operating activities (2,807) 15,408
Cash flows from investing activities:    
Proceeds from sale of controlling interest in subsidiary, net of cash sold 17,735  
Purchases of investments (3,105) (165)
Sales of investments 26,527 187
Purchases of property and equipment (37) (3)
Net cash provided by investing activities - continuing operations 41,120 19
Net cash provided by (used in) investing activities - discontinued operations 67,230 (4,545)
Net cash provided by (used in) investing activities 108,350 (4,526)
Cash flows from financing activities:    
Principal payments on related party notes payable (41,765)  
Repurchases of interests in subsidiary   (43)
Distributions to non-controlling interests in consolidated fund (634) (912)
Due to broker of Consolidated Fund   (12,257)
Capital contributions from non-controlling interests in Consolidated Fund   24
Net cash used in financing activities - continuing operations (42,399) (13,188)
Net cash (used in) provided by financing activities - discontinued operations (5,221) 670
Net cash used in financing activities (47,620) (12,518)
Net increase (decrease) in cash and cash equivalents, including cash and cash equivalents classified within current assets held for sale 57,923 (1,636)
Less: net increase in cash and cash equivalents classified within current assets held for sale (62,775) (4,718)
Add: cash received from discontinued operations 66,689 4,329
Net increase (decrease) in cash and cash equivalents 61,837 (2,025)
Cash and cash equivalents at beginning of period 22,281 18,745
Cash and cash equivalents at end of period 84,118 16,720
Cash paid for interest 3,348 $ 2,397
Non-cash investing and financing activities    
Lease liabilities and right of use assets arising from operating leases 167  
Partial settlement of Seller Note in exchange for GECC stock 2,609  
Non-cash distributions received from Consolidated Fund 177  
Equity consideration upon Sale of HC LLC $ 2,000