A-Mark Precious Metals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

9 Months Ended

Mar. 31, 2015

Receivables and secured loans consist of the following as of March 31, 2015 and June 30, 2014:



in thousands
	March 31, 2015			June 30, 2014

Customer trade receivables	$	24,968		$	1,744
Wholesale trade advances	18,820			4,586
Due from brokers	12,074			33,079
Subtotal	55,862			39,409
Secured loans	45,559			41,261
Secured loans (long-term portion)	700			—
Subtotal	102,121			80,670
Less: allowance for doubtful accounts	(30		)	(30		)
Subtotal	102,091			80,640
Derivative assets — open sale and purchase commitments, net	4,380			22,170
Derivative assets — futures contracts	2,010			—
Derivative assets — forward contracts	—			14
Receivables, net	$	108,481		$	102,824

The Company's secured loans by portfolio class, which align with management reporting, are as follows:



in thousands
	March 31, 2015				June 30, 2014
Bullion	$	11,501	24.9	%	$	17,361	42.1	%
Numismatic and semi numismatic	31,834		68.8		23,900		57.9
Subtotal	43,335		93.7		41,261		100.0
Other pledged assets⁽¹⁾	2,924		6.3		—		—
Total secured loans	$	46,259	100.0	%	$	41,261	100.0	%



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(1	)	Includes secured loans that are collateralized by borrower's assets, which are not exclusively precious metal products.

The Company disaggregates its secured loans that are collaterlized by precious metal products, as follows:



in thousands
	March 31, 2015				June 30, 2014
Loan-to-value of 75% or more ⁽¹⁾	$	21,891	50.5	%	$	11,950	29.0	%
Loan-to-value of less than 75% ⁽¹⁾	21,444		49.5		29,311		71.0
Secured loans collateralized by precious metal products⁽¹⁾	$	43,335	100.0	%	$	41,261	100.0	%



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(1	)	Excludes secured loans that are collateralized by borrower's assets, which are not exclusively precious metal products.

As summary of the activity in the allowance for doubtful accounts is as follows: