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FINANCE RECEIVABLES (Tables) | 3 Months Ended
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Sep. 30, 2021
Receivables [Abstract] |
Schedule of Finance Receivables | As of September 30, 2021 and June 30, 2021, finance receivables consist of the following:
($ in thousands) |  | September 30, 2021 |  | June 30, 2021
Current finance receivables, net |  | $ | 8,031 |  |  | $ | 7,967 |
Finance receivables due after one year, net |  | 10,832 |  |  | 11,632 |
Total finance receivables, net of allowance of $1,209 and $1,109, respectively |  | $ | 18,863 |  |  | $ | 19,599 |
Schedule of Credit Quality Indicators | At September 30, 2021, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
|  | Leases by Origination
($ in thousands) |  | Up to 1 Year Ago |  | Between 1 and 2 Years Ago |  | Between 2 and 3 Years Ago |  | Between 3 and 4 Years Ago |  | Between 4 and 5 Years Ago |  | More than 5 Years Ago |  | Total
Current |  | $ | 6,673 |  |  | $ | 2,831 |  |  | $ | 4,689 |  |  | $ | 2,602 |  |  | $ | 1,583 |  |  | $ | 22 |  |  | $ | 18,400 |
30 days and under |  | 14 |  |  | 44 |  |  | 80 |  |  | 86 |  |  | 3 |  |  | 1 |  |  | 228 |
31-60 days |  | 4 |  |  | 8 |  |  | 35 |  |  | 3 |  |  | 3 |  |  | — |  |  | 53 |
61-90 days |  | 14 |  |  | 27 |  |  | 63 |  |  | 49 |  |  | 5 |  |  | — |  |  | 158 |
Greater than 90 days |  | 102 |  |  | 147 |  |  | 460 |  |  | 439 |  |  | 46 |  |  | 39 |  |  | 1,233 |
Total finance receivables |  | $ | 6,807 |  |  | $ | 3,057 |  |  | $ | 5,327 |  |  | $ | 3,179 |  |  | $ | 1,640 |  |  | $ | 62 |  |  | $ | 20,072 |
At June 30, 2021, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
|  | Leases by Origination
($ in thousands) |  | Up to 1 Year Ago |  | Between 1 and 2 Years Ago |  | Between 2 and 3 Years Ago |  | Between 3 and 4 Years Ago |  | Between 4 and 5 Years Ago |  | More than 5 Years Ago |  | Total
Current |  | $ | 6,736 |  |  | $ | 3,970 |  |  | $ | 3,942 |  |  | $ | 3,081 |  |  | $ | 1,358 |  |  | $ | 31 |  |  | $ | 19,118 |
30 days and under |  | 19 |  |  | 67 |  |  | 90 |  |  | 93 |  |  | 11 |  |  | 1 |  |  | 281 |
31-60 days |  | 4 |  |  | 9 |  |  | 22 |  |  | 2 |  |  | 1 |  |  | — |  |  | 38 |
61-90 days |  | 10 |  |  | 42 |  |  | 66 |  |  | 54 |  |  | 10 |  |  | — |  |  | 182 |
Greater than 90 days |  | 46 |  |  | 69 |  |  | 490 |  |  | 419 |  |  | 54 |  |  | 11 |  |  | 1,089 |
Total finance receivables |  | $ | 6,815 |  |  | $ | 4,157 |  |  | $ | 4,610 |  |  | $ | 3,649 |  |  | $ | 1,434 |  |  | $ | 43 |  |  | $ | 20,708 |
At September 30, 2021, credit quality indicators by year of origination consisted of the following:
|  | Leases by Origination
($ in thousands) |  | Up to 1 Year Ago |  | Between 1 and 2 Years Ago |  | Between 2 and 3 Years Ago |  | Between 3 and 4 Years Ago |  | Between 4 and 5 Years Ago |  | More than 5 Years Ago |  | Total
High ratio customers |  | $ | 6,338 |  |  | $ | 2,747 |  |  | $ | 4,624 |  |  | $ | 2,423 |  |  | $ | 1,477 |  |  | $ | 16 |  |  | $ | 17,625 |
Low ratio customers |  | 469 |  |  | 310 |  |  | 703 |  |  | 756 |  |  | 163 |  |  | 46 |  |  | 2,447 |
Total finance receivables |  | $ | 6,807 |  |  | $ | 3,057 |  |  | $ | 5,327 |  |  | $ | 3,179 |  |  | $ | 1,640 |  |  | $ | 62 |  |  | $ | 20,072 |
At June 30, 2021, credit quality indicators by year of origination consisted of the following:
|  | Leases by Origination
($ in thousands) |  | Up to 1 Year Ago |  | Between 1 and 2 Years Ago |  | Between 2 and 3 Years Ago |  | Between 3 and 4 Years Ago |  | Between 4 and 5 Years Ago |  | More than 5 Years Ago |  | Total
High ratio customers |  | $ | 6,415 |  |  | $ | 3,824 |  |  | $ | 3,793 |  |  | $ | 2,920 |  |  | $ | 1,290 |  |  | $ | 24 |  |  | $ | 18,266 |
Low ratio customers |  | 400 |  |  | 333 |  |  | 817 |  |  | 729 |  |  | 144 |  |  | 19 |  |  | 2,442 |
Total finance receivables |  | $ | 6,815 |  |  | $ | 4,157 |  |  | $ | 4,610 |  |  | $ | 3,649 |  |  | $ | 1,434 |  |  | $ | 43 |  |  | $ | 20,708 |
Financing Receivable, Allowance for Credit Loss | The following table represents a rollforward of the allowance for finance receivables for the three months ending September 30, 2021 and 2020:
|  | Three months ended September 30, |  | Three months ended September 30,
($ in thousands) |  | 2021 |  | 2020
Balance at June 30 |  | $ | 1,109 |  |  | $ | 150 |
Impact of adoption of ASC 326* |  | — |  |  | 409 |
Provision for expected losses |  | 100 |  |  | — |
Balance at September 30 |  | $ | 1,209 |  |  | $ | 559 |
* The Company adopted Financial Instruments - Credit Losses (Topic 326) on July 1, 2020.
Schedule of Cash To Be Collected On Performing Financing Receivable | Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands) |
2022 | $ | 9,408 |
2023 | 5,794 |
2024 | 3,925 |
2025 | 2,467 |
2026 | 1,129 |
Thereafter | 66 |
Total amounts to be collected | 22,789 |
Less: interest | (2,717) |
Less: allowance for receivables | (1,209) |
Total finance receivables | $ | 18,863 |

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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