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Advances Receivable, net (Tables)
 12 Months Ended
Jun. 30, 2019
Advances Receivable, net  
Allowance for Credit Losses on Financing Receivables

Changes in the allowance for MCA credit losses are as follows (amounts in thousands):

 

 

 

 

 

 

 

 

 

Allowance for credit losses, July 1, 2018

 

$

 —

Provision for credit losses

 

 

1,605

Receivables charged off

 

 

(869)

Recoveries of receivables previously charged off

 

 

 —

Allowance for credit losses, June 30, 2019

 

$

736

 

Schedule of advances receivable

Total advances receivable, net consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision

 

 

 

 

 

Advance

 

Deferred

 

for Credit

 

Carrying

 

    

Principal

    

Fees

    

Losses

    

Value

 

 

(Amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Merchant cash advances

 

$

7,434

 

$

 —

 

$

(736)

 

$

6,698

Aviation advance

 

 

2,750

 

 

(59)

 

 

 —

 

 

2,691

Advances receivable, net

 

$

10,184

 

$

(59)

 

$

(736)

 

$

9,389