FINANCE RECEIVABLES

9 Months Ended

Mar. 31, 2025

Receivables [Abstract]

FINANCE RECEIVABLES

FINANCE RECEIVABLES

The Company's finance receivables consist of devices under its financing program. Substantially 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 March 31, 2025, 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 Ago		Between 1 and 2 Years Ago		Between 2 and 3 Years Ago		Between 3 and 4 Years Ago		Between 4 and 5 Years Ago		More than 5 Years Ago		Total
Current		$	1,845	$	1,665	$	4,504	$	2,386	$	366	$	54	$	10,820
30 days and under		32		36		107		106		40		9		330
31 - 60 days		13		17		57		86		38		22		233
61 - 90 days		11		13		73		32		46		21		196
Greater than 90 days		7		73		676		821		161		1,459		3,197
Total finance receivables		$	1,908	$	1,804	$	5,417	$	3,431	$	651	$	1,565	$	14,776

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 Ago		Between 1 and 2 Years Ago		Between 2 and 3 Years Ago		Between 3 and 4 Years Ago		Between 4 and 5 Years Ago		More than 5 Years Ago		Total
Current		$	2,199	$	5,135	$	4,668	$	1,961	$	456	$	324	$	14,743
30 days and under		13		67		80		85		56		42		343
31 - 60 days		8		64		58		49		47		38		264
61 - 90 days		8		62		48		32		36		38		224
Greater than 90 days		35		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 nine months ended March 31, 2025 and 2024:

	Nine months ended March 31,
($ in thousands)	2025		2024
Balance, June 30	$	1,934	$	2,098
Provision for expected losses	391		51
Balance, Sept 30	2,325		2,149
Provision for expected losses	108		108
Balance, December 31	2,433		2,257
Provision for expected losses	61		(45)
Balance, March 31	2,494		2,212

There were no material write-offs of finance receivables for the nine months ended March 31, 2025 and 2024.

Cash to be collected on our performing finance receivables due for each of the fiscal years is as follows:

($ in thousands)	Amount
Remainder of fiscal year 2025	$	1,873
2026	6,042
2027	4,172
2028	2,188
2029	915
Thereafter	178
Total amounts to be collected	15,368
Less: interest	(592)
Less: allowance for credit losses	(2,494)
Total finance receivables	$	12,282