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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 48,147 $ 60,165
Restricted cash 1,571  
Investments in marketable securities 9,929 24,595
Investments, at fair value (cost $54,261 and $40,387, respectively) 44,585 32,611
Prepaid and other current assets 1,215 717
Real estate under development 5,769 1,742
Assets of Consolidated Funds - Cash and cash equivalents 2,371  
Assets of Consolidated Funds - Investments, at fair value (cost $11,338) 11,471  
Assets of Consolidated Funds - Other assets 253  
Total current assets 127,570 123,138
Identifiable intangible assets, net 11,037 12,115
Right of use assets 225 497
Other assets 1,614 143
Total assets 140,446 135,893
Current liabilities:    
Accrued expenses and other current liabilities 7,009 5,418
Current portion of lease liabilities 137 359
Liabilities of Consolidated Funds - Payable for securities purchased 100  
Liabilities of Consolidated Fund - accrued expenses and other 162  
Total current liabilities 8,359 7,377
Lease liabilities, net of current portion 57 142
Long-term debt (face value $26,945) 26,090 25,808
Convertible notes (face value $35,493 and $37,912, including $16,174 and $15,395 held by related parties, respectively) 34,900 37,129
Other liabilities 845 669
Total liabilities 70,251 72,051
Commitments and Contingencies (Note 15)
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 31,875,285 shares issued and 30,494,448 outstanding at June 30, 2024; and 30,651,047 shares issued and 29,546,655 outstanding at June 30, 2023 30 30
Additional paid-in-capital 3,315,638 3,315,378
Accumulated deficit (3,252,954) (3,251,566)
Total Great Elm Group, Inc. stockholders' equity 62,714 63,842
Non-controlling interests 7,481  
Total stockholders' equity 70,195 63,842
Total liabilities and stockholders' equity 140,446 135,893
Nonrelated Party    
Current liabilities:    
Accounts payable 317 191
Related Party    
Current assets:    
Receivables from managed funds 2,259 3,308
Current liabilities:    
Accounts payable $ 634 1,409
Related party payables, net of current portion   $ 926