Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

v3.8.0.1
Receivables (Tables)
 6 Months Ended
Dec. 31, 2017
Receivables [Abstract]  
Schedule of receivables and secured loans
Receivables consist of the following as of December 31, 2017 and June 30, 2017:
in thousands
 
 
 
 
 
 
 
December 31, 2017
 
June 30, 2017
 
 
 
 
 
 
 
Customer trade receivables
 
$
15,638

 
$
31,949

 
Wholesale trade advances
 
13,445

 
2,457

 
Due from brokers
 
10,365

 
4,919

 
Subtotal
 
39,448

 
39,325

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
39,418

 
$
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
 
Six Months Ended December 31, 2017
 
$
30

 
$
—

 
$
—

 
$
30

 
Year Ended June 30, 2017
 
$
30

 
$
—

 
$
—

 
$
30