Quarterly report pursuant to Section 13 or 15(d)

Receivables (Tables)

v3.3.0.814
Receivables (Tables)
 3 Months Ended
Sep. 30, 2015
Receivables [Abstract]  
Schedule of receivables and secured loans
Allowance for Doubtful Accounts
Allowances for doubtful accounts are recorded based on specifically identified receivables, which the Company has identified as potentially uncollectible. 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
 
Quarter Ended September 30, 2015
 
$
30

 
$
—

 
$
—

 
$
30

 
Year Ended June 30, 2015
 
$
30

 
$
—

 
$
—

 
$
30

 
Receivables consist of the following as of September 30, 2015 and June 30, 2015:
in thousands
 
 
 
 
 
 
 
September 30, 2015
 
June 30, 2015
 
 
 
 
 
 
 
Customer trade receivables
 
$
11,194

 
$
11,835

 
Wholesale trade advances
 
26,810

 
12,164

 
Due from brokers
 
9,925

 
6,056

 
Subtotal
 
47,929

 
30,055

 
Less: allowance for doubtful accounts
 
(30
)
 
(30
)
 
Receivables, net
 
$
47,899

 
$
30,025