|
Subsequent Events
|
3 Months Ended | ||||
|---|---|---|---|---|---|
|
Sep. 30, 2014
|
|||||
| Subsequent Events [Abstract] | |||||
| Subsequent Events |
Financing Arrangement with Related Party
On October 9, 2014, CFC entered into a loan agreement and related documents with Stack’s Bower (a related party), providing for a secured line of credit in the maximum principal amount of up to $16.0 million, bearing interest at a competitive rate per annum, which is at an interest rate midst the rates CFC charges its non-related parties. Advances under the line of credit are secured by numismatic and semi-numismatic products. The principal amount of the loan, together with accrued and unpaid interest, is due and payable by April 7, 2015. As of October 24, 2014, the aggregate carrying value of this loan was $6.1 million, plus accrued interest.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|