Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

v3.10.0.1
Receivables (Tables)
 3 Months Ended
Sep. 30, 2018
Receivables [Abstract]  
Schedule of receivables and secured loans
Receivables consist of the following as of September 30, 2018 and June 30, 2018:
in thousands
 
 
 
 
 
 
 
September 30, 2018
 
June 30, 2018
 
 
 
 
 
 
 
Customer trade receivables
 
$
31,006

 
$
22,813

 
Wholesale trade advances
 
25,423

 
10,722

 
Due from brokers
 
933

 
2,351

 
Subtotal
 
57,362

 
35,886

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
57,332

 
$
35,856

 
 
 
 
 
 
 
Schedule of allowance for doubtful accounts
An allowance for doubtful accounts is a reduction of the total amount of receivables appearing on the Company’s condensed consolidated balance sheets. The allowance for doubtful accounts represents our estimate of the amount of accounts receivable that may not be paid by customers. 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, 2018
 
$
30

 
$
—

 
$
—

 
$
30

 
Year Ended June 30, 2018
 
$
30

 
$
—

 
$
—

 
$
30