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FINANCE RECEIVABLES
 12 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
FINANCE RECEIVABLES FINANCE RECEIVABLES
The Company’s finance receivables consist of financed devices under the QuickStart 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 June 30, 2025 and 2024, finance receivables consist of the following:
As of June 30,
($ in thousands)20252024
Current finance receivables, net$5,422 $6,391 
Finance receivables due after one year, net5,750 10,036 
Total finance receivables, net of allowance of $2,401 and $1,934, respectively
$11,172 $16,427 
The Company collects lease payments from customers primarily as part of the flow of funds from our transaction processing service. Balances are considered past due if customers do not have sufficient transaction revenue to cover the monthly lease payment by the end of the monthly billing period.
At June 30, 2025, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
Leases by Origination
($ in thousands)Up to 1 Year 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$1,463 $1,517 $3,290 $2,766 $589 $93 $9,718 
30 days and under27 34 83 106 61 14 325 
31 - 60 days9 16 42 73 57 18 215 
61 - 90 days8 14 63 10 66 12 173 
Greater than 90 days3 58 573 973 373 1,162 3,142 
Total finance receivables$1,510 $1,639 $4,051 $3,928 $1,146 $1,299 $13,573 

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 years ending June 30, 2025 and 2024:
Year ended June 30,
($ in thousands)20252024
Balance, beginning of year
$1,934 $2,098 
Provision for expected losses502 (164)
Write-offs(35)— 
Balance, end of year
$2,401 $1,934 

Cash to be collected on our performing finance receivables due for each of the fiscal years after June 30, 2025 are as follows:
($ in thousands)
2026$6,054 
20274,490 
20282,337 
20291,048 
2030302 
Thereafter2 
Total amounts to be collected14,233 
Less: interest(660)
Less: allowance for expected credit losses(2,401)
Total finance receivables$11,172 
Equipment sales, Cost of equipment sales, and Interest income, associated with equipment under sales type leases and are included in each respective line of the Consolidated Statement of Operations for the year ended June 30, 2025 and 2024:
($ in thousands)20252024
Equipment sales$1,449 $2,882 
Cost of equipment sales
$1,253 $2,861 
Interest income$1,539 $1,910