Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

v3.4.0.3
Receivables (Tables)
 9 Months Ended
Mar. 31, 2016
Receivables [Abstract]  
Schedule of receivables and secured loans
Receivables consist of the following as of March 31, 2016 and June 30, 2015:
in thousands
 
 
 
 
 
 
 
March 31, 2016
 
June 30, 2015
 
 
 
 
 
 
 
Customer trade receivables
 
$
3,207

 
$
11,835

 
Wholesale trade advances
 
16,425

 
12,164

 
Due from brokers
 
6,326

 
6,056

 
Subtotal
 
25,958

 
30,055

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
25,928

 
$
30,025

 
Allowance for Doubtful Accounts
Allowances for doubtful accounts are recorded based on specifically identified receivables, which the Company has identified as potentially uncollectible. A summary of the activity in the allowance for doubtful accounts is as follows:
in thousands
 
 
 
 
 
 
 
 
 
Period ended:
 
Beginning Balance
 
Provision
 
Charge-off
 
Ending Balance
 
Nine Months Ended March 31, 2016
 
$
30

 
$
—

 
$
—

 
$
30

 
Year Ended June 30, 2015
 
$
30

 
$
—

 
$
—

 
$
30