Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

v3.5.0.2
Receivables (Tables)
 3 Months Ended
Sep. 30, 2016
Receivables [Abstract]  
Schedule of receivables and secured loans
Receivables consist of the following as of September 30, 2016 and June 30, 2016:
in thousands
 
 
 
 
 
 
 
September 30, 2016
 
June 30, 2016
 
 
 
 
 
 
 
Customer trade receivables
 
$
4,619

 
$
4,001

 
Wholesale trade advances
 
9,057

 
11,860

 
Due from brokers
 
7,100

 
27,471

 
Subtotal
 
20,776

 
43,332

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
20,746

 
$
43,302

 
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
 
Three Months Ended September 30, 2016
 
$
30

 
$
—

 
$
—

 
$
30

 
Year Ended June 30, 2015
 
$
30

 
$
—

 
$
—

 
$
30