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FINANCE RECEIVABLES (Tables)
6 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Finance Receivables As of December 31, 2022 and June 30, 2022, finance receivables consist of the following:
($ in thousands)December 31,
2022
June 30,
2022
Current finance receivables, net$7,757 $6,721 
Finance receivables due after one year, net14,520 14,727 
Total finance receivables, net of allowance of $864 and $760, respectively
$22,277 $21,448 
Schedule of Credit Quality Indicators
At December 31, 2022, 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$8,689 $5,066 $2,044 $2,312 $2,996 $(5)$21,102 
30 days and under29 59 38 57 73 264 
31-60 days14 37 32 50 66 207 
61-90 days12 22 32 42 63 180 
Greater than 90 days39 112 140 490 530 77 1,388 
Total finance receivables$8,783 $5,296 $2,286 $2,951 $3,728 $97 $23,141 


At June 30, 2022, 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$7,451 $5,047 $2,758 $2,593 $2,807 $103 $20,759 
30 days and under18 10 32 56 94 213 
31-60 days25 23 26 58 100 — 232 
61-90 days25 14 20 46 91 — 196 
Greater than 90 days41 47 97 232 391 — 808 
Total finance receivables$7,560 $5,141 $2,933 $2,985 $3,483 $106 $22,208 


At December 31, 2022, 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$8,744 $4,983 $1,956 $2,299 $3,039 $22 $21,043 
Low ratio customers39 313 330 652 689 75 2,098 
Total finance receivables$8,783 $5,296 $2,286 $2,951 $3,728 $97 $23,141 


At June 30, 2022, 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$7,498 $4,853 $2,688 $2,623 $2,950 $102 $20,714 
Low ratio customers62 288 245 362 533 1,494 
Total finance receivables$7,560 $5,141 $2,933 $2,985 $3,483 $106 $22,208 
Financing Receivable, Allowance for Credit Loss
The following table represents a rollforward of the allowance for finance receivables for the six months ending December 31, 2022 and 2021:
Six months ended December 31,Six months ended December 31,
($ in thousands)20222021
Balance at June 30$760 $1,109 
Provision for expected losses392 100 
Balance at September 30$1,152 $1,209 
Provision for expected losses— 100 
Write-offs(288)(247)
Balance at December 31$864 $1,062 
Schedule of Cash To Be Collected On Performing Financing Receivable
Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands)
2022$4,390 
20237,483 
20245,730 
20254,311 
20262,519 
Thereafter631 
Total amounts to be collected25,064 
Less: interest(1,923)
Less: allowance for receivables(864)
Total finance receivables$22,277