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FINANCE RECEIVABLES
 3 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
FINANCE RECEIVABLES FINANCE RECEIVABLES
The Company's finance receivables consist of 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.

The Company collects lease payments from customers primarily as part of the flow of funds from our transaction processing services. 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.
At September 30, 2024, 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$2,066 $3,050 $6,029 $1,571 $562 $157 $13,435 
30 days and under31 52 160 76 44 27 390 
31 - 60 days11 23 119 67 47 27 294 
61 - 90 days6 18 102 47 79 32 284 
Greater than 90 days9 122 1,040 235 279 1,214 2,899 
Total finance receivables$2,123 $3,265 $7,450 $1,996 $1,011 $1,457 $17,302 

At June 30, 2024, 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$2,199 $5,135 $4,668 $1,961 $456 $324 $14,743 
30 days and under13 67 80 85 56 42 343 
31 - 60 days8 64 58 49 47 38 264 
61 - 90 days8 62 48 32 36 38 224 
Greater than 90 days35 387 625 208 297 1,235 2,787 
Total finance receivables$2,263 $5,715 $5,479 $2,335 $892 $1,677 $18,361 

The following table represents a rollforward of the allowance for finance receivables for the three months ended September 30, 2024 and 2023:

Three months ended
September 30,
($ in thousands)20242023
Balance at June 30$1,934 $2,098 
Provision for expected losses391 51 
Balance at September 302,325 2,149 

There were no write-offs of finance receivables for the three months ended September 30, 2024 and 2023.

Cash to be collected on our performing finance receivables due for each of the fiscal years is as follows:
($ in thousands)Amount
Remainder of 2025$5,480 
20266,003 
20274,043 
20282,051 
2029770 
Thereafter85 
Total amounts to be collected18,432 
Less: interest(1,130)
Less: allowance for uncollectible receivables(2,325)
Total finance receivables$14,977