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Acquisitions (Tables) | 12 Months Ended
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Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Acquisition Consideration Transferred | The acquisition date fair value of the consideration transferred for Butter was approximately $16.3 million, which consisted of the following (in thousands):
Cash |  | $ | 14,863 |
Settlement of subordinated secured notes |  | 1,475 |
Total acquisition date fair value of the consideration transferred |  | $ | 16,337 |
The acquisition date fair value of the consideration transferred was approximately $40.0 million, which consisted of the following (in thousands):
Cash |  | $ | 30,000 |
Fair value of Class A common stock transferred |  | 10,000 |
Total acquisition date fair value of the consideration transferred |  | $ | 40,000 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the consideration paid of approximately $16.3 million to the fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):
Cash and cash equivalents |  | $ | 287 |
Loans held for investment, net |  | 172 |
Accounts receivable, net |  | 11 |
Intangible assets |  | 9,243 |
Other assets |  | 672 |
Total assets acquired |  | 10,385 |
Accounts payable |  | 568 |
Accrued expenses and other liabilities |  | 2,923 |
Total liabilities assumed |  | 3,491 |
Net assets acquired |  | 6,894 |
Goodwill |  | 9,443 |
Total purchase price |  | $ | 16,337 |
The following table summarizes the allocation of the consideration paid of approximately $40.0 million to the fair values of the assets acquired and liabilities assumed at the acquisition date (in thousands):
Intangible assets |  | $ | 9,488 |
Total net assets acquired |  | 9,488 |
Goodwill |  | 30,512 |
Total purchase price |  | $ | 40,000 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination | The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands):
|  | Fair Value |  | Useful Life (in years)
Lending license |  | $ | 9,243 |  |  | Indefinite
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands):
|  | Fair Value |  | Useful Life (in years)
Developed technology |  | $ | 9,488 |  |  | 3.0
Asset Acquisition | The following table sets forth the identifiable intangible assets acquired and the cost allocated to each asset as of the date of acquisition (in thousands):
Assembled workforce |  | $ | 12,490 |
Developed technology (1) |  | 12,925 |
Total |  | $ | 25,415 |
(1)During the year ended June 30, 2023, we completed the purchase of the developed technology intangible asset.

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- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480123/805-50-15-3 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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