Summary of Significant Accounting Policies (Tables)

6 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Earnings Per Share, Basic and Diluted

The following table presents the calculation of basic and diluted net income (loss) per share:

	For the three months ended December 31,					For the six months ended December 31,
(in thousands except per share amounts)	2024		2023			2024		2023
Numerator:
Net (loss) income from continuing operations	$	1,354	$	(239	)	$	4,328	$	2,519
Less: net income attributable to non-controlling interest, continuing operations		178		111			513		111
Numerator for basic EPS - Net (loss) income from continuing operations attributable to Great Elm Group, Inc.	$	1,176	$	(350	)	$	3,815	$	2,408
Net income from discontinued operations		-		-			-		16
Numerator for basic EPS - Net income (loss) from discontinued operations, attributable to Great Elm Group, Inc.	$	-	$	-		$	-	$	16
Effect of dilutive securities:
Interest expense associated with Convertible Notes, continuing operations	$	-	$	-		$	939	$	-
Numerator for diluted EPS - Net (loss) income from continuing operations attributable to Great Elm Group, Inc., after the effect of dilutive securities	$	1,176	$	(350	)	$	4,754	$	2,408
Numerator for diluted EPS - Net income (loss) from discontinued operations, attributable to Great Elm Group, Inc.	$	-	$	-		$	-	$	16
Denominator:
Denominator for basic EPS - Weighted average shares of common stock outstanding		27,983		29,889			28,531		29,734
Effect of dilutive securities:
Restricted stock		784		-			784		1,182
Convertible Notes		-		-			10,478		-
Denominator for diluted EPS - Weighted average shares of common stock outstanding after the effect of dilutive securities		28,767		29,889			39,793		30,916
Net income attributable to shareholders per share(1)
Basic	$	0.04	$	(0.01	)	$	0.13	$	0.08
Diluted	$	0.04	$	(0.01	)		0.12		0.08

(1) Per share amounts from discontinued operations round to less than $0.01.