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FINANCE RECEIVABLES
 3 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
FINANCE RECEIVABLES FINANCE RECEIVABLES
The Company's finance receivables consist of financed devices under its financing program and devices contractually associated with the Seed platform. Predominately all of the Company’s finance receivables agreements are classified as non-cancellable sixty-month sales-type leases. As of September 30, 2023 and June 30, 2023, finance receivables consist of the following:
($ in thousands)September 30,
2023		June 30,
2023
Current finance receivables, net$6,439 $6,668 
Finance receivables due after one year, net12,362 13,307 
Total finance receivables, net of allowance of $2,149 and $2,098, respectively
$18,801 $19,975 

We collect lease payments from customers primarily as part of the flow of funds from our transaction processing service. Balances are considered past due if customers do not have sufficient transaction revenue to cover the monthly lease payment by
the end of the monthly billing period.

Credit risk for finance receivables is continuously monitored by management and reflected within the allowance for finance receivables. As our finance receivables generally have similar risk characteristics, our key credit quality indicator is the aging (days past due status) of our aggregated finance receivables balances. Specifically, we estimate our allowance by using an aging analysis of the aggregated finance receivables balances, primarily based on historical loss experience. Additionally, current conditions are analyzed to determine if the allowance calculation needs to be adjusted further for any qualitative factors impacting a customer’s ability to meet its financial obligations that is not already reflected through the historical loss analysis. The Company writes off finance receivable balances against the allowance for credit losses when management determines the balance is uncollectible and the Company ceases collection efforts.
At September 30, 2023, 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$4,142 $8,970 $3,080 $1,084 $723 $27 $18,026 
30 days and under19 129 85 32 35 32 332 
31-60 days14 107 35 19 30 38 243 
61-90 days9 99 25 7 28 38 206 
Greater than 90 days29 948 219 252 140 555 2,143 
Total finance receivables$4,213 $10,253 $3,444 $1,394 $956 $690 $20,950 


At June 30, 2023, 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$6,595 $6,505 $3,304 $1,306 $846 $829 $19,385 
30 days and under66 73 69 52 22 68 350 
31-60 days53 40 32 42 19 71 257 
61-90 days60 52 26 32 16 71 257 
Greater than 90 days155 132 197 233 271 836 1,824 
Total finance receivables$6,929 $6,802 $3,628 $1,665 $1,174 $1,875 $22,073 


The following table represents a rollforward of the allowance for finance receivables for the three months ending September 30, 2023 and 2022:

Three months ended September 30,
($ in thousands)20232022
Balance, beginning of period$2,098 $760 
Provision for expected losses51 392 
Write-offs— — 
Balance, end of period$2,149 $1,152 
Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands)
2023 (remaining 3 months)$6,183 
20246,659 
20255,153 
20263,324 
20271,351 
Thereafter89 
Total amounts to be collected22,759 
Less: interest(1,809)
Less: allowance for receivables(2,149)
Total finance receivables$18,801