Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

v3.8.0.1
Receivables (Tables)
 3 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
Schedule of receivables and secured loans
Receivables consist of the following as of September 30, 2017 and June 30, 2017:
in thousands
 
 
 
 
 
 
 
September 30, 2017
 
June 30, 2017
 
 
 
 
 
 
 
Customer trade receivables
 
$
25,044

 
$
31,949

 
Wholesale trade advances
 
12,697

 
2,457

 
Due from brokers
 
4,422

 
4,919

 
Subtotal
 
42,163

 
39,325

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
42,133

 
$
39,295

 
Schedule of allowance for doubtful accounts
An allowance 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
 
Three Months Ended September 30, 2017
 
$
30

 
$
—

 
$
—

 
$
30

 
Year Ended June 30, 2017
 
$
30

 
$
—

 
$
—

 
$
30