Annual report pursuant to Section 13 and 15(d)

Receivables (Tables)

v3.7.0.1
Receivables (Tables)
 12 Months Ended
Jun. 30, 2017
Receivables [Abstract]  
Schedule of receivables and secured loans
Receivables consist of the following as of June 30, 2017 and June 30, 2016:
in thousands
 
 
 
 
 
 
 
June 30, 2017
 
June 30, 2016
 
 
 
 
 
 
 
Customer trade receivables
 
$
31,949

 
$
4,001

 
Wholesale trade advances
 
2,457

 
11,860

 
Due from brokers
 
4,919

 
27,471

 
Subtotal
 
39,325

 
43,332

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
39,295

 
$
43,302

 
Schedule of allowance for doubtful accounts
llowance for doubtful accounts is 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
 
Year Ended June 30, 2017
 
$
30

 
$
—

 
$
—

 
$
30

 
Year Ended June 30, 2016
 
$
30

 
$
—

 
$
—

 
$
30