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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
6 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Cash flows from operating activities:    
Net income from continuing operations $ 4,328 $ 2,519
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale of real estate (99)  
Depreciation and amortization 557 566
Stock-based compensation 1,036 1,330
Unrealized gain on investments (6,794) (4,589)
Realized loss on investments 588 101
Non-cash interest and amortization of capitalized issuance costs 1,078 1,146
Change in fair value of contingent consideration (6) 36
Other non-cash (income) expense, net 1,450 (81)
Adjustments to reconcile net income to net cash used in operating activities of Consolidated Funds:    
Purchase of investments by Consolidated Funds (2,044) (3,630)
Proceeds from principal payments of Consolidated Funds 2,146 10
Amortization of premium and accretion of discount, net (44) (2)
Net realized and unrealized gains on investments (249) (114)
Changes in operating assets and liabilities:    
Receivables from managed funds (1,466) (184)
Prepaid and other assets (3,949) (2,182)
Real estate under development (940) (3,222)
Lease Liabilities 24 (17)
Related party payables (374) (1,217)
Accounts payable, accrued expenses and other liabilities (4,884) (232)
Changes in operating assets and liabilities of Consolidated Funds:    
Cash and cash equivalents (197) (10,055)
Other assets 30  
Accrued expenses and other liabilities (22) (92)
Net cash provided by (used in) operating activities - continuing operations (9,831) (19,909)
Net cash provided by (used in) operating activities (9,831) (19,909)
Cash flows from investing activities:    
Purchases of investments in held-to-maturity securities (7,384) (34,292)
Proceeds from settlement of held-to-maturity investments 17,500 30,000
Purchases of investments in trading securities   (4,476)
Proceeds from settlement of trading securities 34  
Investments in portfolio funds (3,858) (295)
Redemption of investments 3,885  
Sales of investments   1,793
Other (286) (458)
Net cash provided by (used in) investing activities - continuing operations 9,891 (7,728)
Net cash provided by (used in) investing activities - discontinued operations   (360)
Net cash provided by (used in) investing activities 9,891 (8,088)
Cash flows from financing activities:    
Contributions of non-controlling interests in Consolidated Funds   6,900
Distributions of non-controlling interests in Consolidated Funds (259)  
Stock repurchases (5,231)  
Net cash provided by (used in) financing activities - continuing operations (5,490) 6,900
Net cash provided by (used in) financing activities (5,490) 6,900
Net increase (decrease) in cash and cash equivalents, including cash and cash equivalents classified within current assets held for sale (5,430) (21,097)
Net change in cash, cash equivalents and restricted cash (5,430) (21,097)
Cash, cash equivalents and restricted cash at beginning of period 49,718 60,165
Cash, cash equivalents and restricted cash at end of period 44,288 39,068
Cash paid for interest 982 $ 982
Supplemental cash flow elements    
Cash and cash equivalents 44,288  
Cash, cash equivalents and restricted cash $ 44,288