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FINANCE RECEIVABLES (Tables)
 12 Months Ended
Jun. 30, 2021
Receivables [Abstract]  
Schedule of finance receivables As of June 30, 2021 and 2020, finance receivables consist of the following:
As of June 30,
($ in thousands)20212020
Current finance receivables, net$7,967 $7,468 
Finance receivables due after one year, net11,632 11,213 
Total finance receivables, net of allowance of $1,109 and $150, respectively
$19,599 $18,681 
Schedule of credit quality indicators
At June 30, 2021, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
Current$6,504 $4,109 $3,751 $2,522 $1,249 $982 $19,117 
30 days and under20 67 90 93 11 1 282 
31 - 60 days4 9 22 2 1 — 38 
61 - 90 days10 42 66 54 10 — 182 
Greater than 90 days46 69 490 419 54 11 1,089 
Total finance receivables$6,584 $4,296 $4,419 $3,090 $1,325 $994 $20,708 

At June 30, 2020, the gross lease receivable by current payment performance on a contractual basis and year of origination
consisted of the following:
Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
Current$4,950 $4,406 $4,811 $2,730 $555 $22 $17,474 
30 days and under40 66 121 28 11 1 267 
31 - 60 days13 15 13 — — — 41 
61 - 90 days10 44 62 19 3 — 138 
Greater than 90 days22 263 537 67 14 8 911 
Total finance receivables$5,035 $4,794 $5,544 $2,844 $583 $31 $18,831 

At June 30, 2021, credit quality indicators by year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
High ratio customers$6,184 $3,963 $3,602 $2,362 $1,181 $975 $18,267 
Low ratio customers400 333 817 728 144 19 2,441 
Total finance receivables$6,584 $4,296 $4,419 $3,090 $1,325 $994 $20,708 

At June 30, 2020, credit quality indicators by year of origination consisted of the following:

Leases by Origination
($ in thousands)Up to 1 Year AgoBetween 1 and 2 Years AgoBetween 2 and 3 Years AgoBetween 3 and 4 Years AgoBetween 4 and 5 Years AgoMore than 5 Years AgoTotal
High ratio customers$4,801 $4,209 $4,402 $2,521 $356 $14 $16,303 
Low ratio customers234 585 1,142 323 227 17 2,528 
Total finance receivables$5,035 $4,794 $5,544 $2,844 $583 $31 $18,831 
Schedule of age analysis of finance receivables
The following table represents a rollforward of the allowance for finance receivables for the year ending June 30, 2021 and 2020:
($ in thousands)Year ended June 30, 2021Year ended June 30, 2020
Balance at June 30$150 $606 
Impact of ASC 326*409 — 
Provision for expected losses550 142 
Write-offs— (598)
Balance June 30$1,109 $150 
* The Company adopted ASC 326 on July 1, 2020.
Schedule of financing receivable
Cash to be collected on our performing finance receivables due for each of the fiscal years after June 30, 2021 are as follows:
($ in thousands)
2022$11,764 
20235,669 
20243,852 
20252,314 
2026983 
Thereafter13 
Total amounts to be collected24,595 
Less: interest(3,887)
Less: allowance for nonperforming receivables(1,109)
Total finance receivables$19,599