Annual report pursuant to Section 13 and 15(d)

Secured Loans Receivable (Tables)

v3.24.2.u1
Secured Loans Receivable (Tables)
12 Months Ended
Jun. 30, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Receivables, net

Receivables, net consisted of the following (in thousands):

 

 

 

June 30, 2024

 

 

June 30, 2023

 

Customer trade receivables

 

$

12,373

 

 

$

5,031

 

Wholesale trade advances

 

 

11,033

 

 

 

13,679

 

Due from brokers and other

 

 

13,190

 

 

 

16,533

 

 

 

$

36,596

 

 

$

35,243

 

Schedule of Classes for Financing Receivables

The Company's secured loans by portfolio class, which align with internal management reporting, were as follows (in thousands):

 

 

June 30, 2024

 

 

June 30, 2023

 

Bullion

 

$

64,764

 

 

 

57.3

%

 

$

52,165

 

 

 

51.8

%

Numismatic and semi-numismatic

 

 

42,588

 

 

 

37.7

%

 

 

47,856

 

 

 

47.6

%

Graded sports cards

 

 

5,715

 

 

 

5.0

%

 

 

599

 

 

 

0.6

%

 

$

113,067

 

 

 

100.0

%

 

$

100,620

 

 

 

100.0

%

Schedule of Financing Receivable Credit Quality Indicators Below is summary of aggregate outstanding secured loan balances bifurcated into (i) loans with an LTV ratio of less than 75% and (ii) loans with an LTV ratio of 75% or more (in thousands):

 

 

 

June 30, 2024

 

 

June 30, 2023

 

Loan-to-value of less than 75%

 

$

101,197

 

 

 

89.5

%

 

$

90,378

 

 

 

89.8

%

Loan-to-value of 75% or more

 

 

11,870

 

 

 

10.5

%

 

 

10,242

 

 

 

10.2

%

 

$

113,067

 

 

 

100.0

%

 

$

100,620

 

 

 

100.0

%

Financing Receivable  
Accounts, Notes, Loans and Financing Receivable [Line Items]  
Schedule of Receivables, net

Below is a summary of the carrying value of our secured loans (in thousands):

 

 

June 30, 2024

 

 

June 30, 2023

 

Secured loans originated

 

$

96,573

 

 

$

68,630

 

Secured loans originated - with a related party

 

 

15

 

 

 

 

 

 

96,588

 

 

 

68,630

 

Secured loans acquired

 

 

16,479

 

 

 

31,990

 

 

$

113,067

 

 

$

100,620