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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 44,150 $ 48,147
Restricted cash 40 1,571
Investments in marketable securities 7,460 9,929
Investments, at fair value 47,557 44,585
Prepaid and other current assets 1,439 1,215
Real estate under development 5,786 5,769
Assets of Consolidated Funds - Cash and cash equivalents 2,229 2,371
Assets of Consolidated Funds - Investments, at fair value 11,909 11,471
Assets of Consolidated Funds - Other assets 246 253
Total current assets 124,670 127,570
Identifiable intangible assets, net 10,773 11,037
Right-of-use assets 141 225
Other assets 1,682 1,614
Total assets 137,266 140,446
Current liabilities:    
Payable for securities purchased 24
Accrued expenses and other current liabilities 3,117 7,009
Current portion of lease liabilities 64 137
Liabilities of Consolidated Funds - Payable for securities purchased 0 100
Liabilities of Consolidated Funds- accrued expenses and other 172 162
Total current liabilities 3,844 8,359
Lease liabilities, net of current portion 35 57
Long-term debt (face value $26,945) 26,160 26,090
Convertible notes (face value $35,494 and $35,494, including $16,174 and $16,174 held by related parties, respectively) 34,925 34,900
Other liabilities 718 845
Total liabilities 65,682 70,251
Commitments and Contingencies (Note 11)
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 32,134,843 shares issued and 28,743,290 outstanding at September 30, 2024; and 31,875,285 shares issued and 30,494,448 outstanding at June 30, 2024 28 30
Additional paid-in-capital 3,314,191 3,315,638
Accumulated deficit (3,250,315) (3,252,954)
Total Great Elm Group, Inc. stockholders' equity 63,904 62,714
Non-controlling interests 7,680 7,481
Total stockholders' equity 71,584 70,195
Total liabilities and stockholders' equity 137,266 140,446
Nonrelated Party    
Current liabilities:    
Accounts payable 243 317
Related Party    
Current assets:    
Receivables from managed funds 3,854 2,259
Current liabilities:    
Accounts payable 224 634
Related party payables, net of current portion $ 0 $ 0