Annual report pursuant to Section 13 and 15(d)

Customer and Supplier Concentrations

v3.22.2.2
Customer and Supplier Concentrations
12 Months Ended
Jun. 30, 2022
Risks and Uncertainties [Abstract]  
Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentration

No single customer provided 10 percent or more of the Company's revenues for year ended June 30, 2022.

 

The following customers provided 10 percent or more of the Company's accounts receivable as of June 30, 2022.

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

 

June 30, 2021

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total accounts receivable

 

$

97,040

 

 

 

100.0

%

 

$

89,000

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Mint

 

$

65,310

 

 

 

67.3

%

 

$

15,588

 

 

 

17.5

%

 

The following customers provided 10 percent or more of the Company's secured loans receivable as of June 30, 2022.

 

in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2022

 

 

June 30, 2021

 

 

 

Amount

 

 

Percent

 

 

Amount

 

 

Percent

 

Total secured loans

 

$

126,217

 

 

 

100.0

%

 

$

112,968

 

 

 

100.0

%

Customer concentrations

 

 

 

 

 

 

 

 

 

 

 

 

Customer B

 

$

13,500

 

 

 

10.7

%

 

$

 

 

 

0.0

%

Supplier Concentration

The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.