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FINANCE RECEIVABLES (Tables) | 9 Months Ended
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Mar. 31, 2022
Receivables [Abstract] |
Schedule of Finance Receivables | As of March 31, 2022 and June 30, 2021, finance receivables consist of the following:
($ in thousands) |  | March 31, 2022 |  | June 30, 2021
Current finance receivables, net |  | $ | 6,586 |  |  | $ | 7,967 |
Finance receivables due after one year, net |  | 13,214 |  |  | 11,632 |
Total finance receivables, net of allowance of $1,149 and $1,109, respectively |  | $ | 19,800 |  |  | $ | 19,599 |
Schedule of Credit Quality Indicators | At March 31, 2022, 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 |  | $ | 7,194 |  |  | $ | 3,186 |  |  | $ | 4,241 |  |  | $ | 3,321 |  |  | $ | 986 |  |  | $ | 198 |  |  | $ | 19,126 |
30 days and under |  | 32 |  |  | 15 |  |  | 41 |  |  | 28 |  |  | 5 |  |  | — |  |  | 121 |
31-60 days |  | 81 |  |  | 34 |  |  | 59 |  |  | 41 |  |  | 10 |  |  | 2 |  |  | 227 |
61-90 days |  | 62 |  |  | 26 |  |  | 46 |  |  | 32 |  |  | 6 |  |  | 2 |  |  | 174 |
Greater than 90 days |  | 533 |  |  | 213 |  |  | 237 |  |  | 255 |  |  | 47 |  |  | 16 |  |  | 1,301 |
Total finance receivables |  | $ | 7,902 |  |  | $ | 3,474 |  |  | $ | 4,624 |  |  | $ | 3,677 |  |  | $ | 1,054 |  |  | $ | 218 |  |  | $ | 20,949 |
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 March 31, 2022, 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 |  | $ | 7,190 |  |  | $ | 3,122 |  |  | $ | 4,207 |  |  | $ | 3,182 |  |  | $ | 918 |  |  | $ | 199 |  |  | $ | 18,818 |
Low ratio customers |  | 712 |  |  | 352 |  |  | 417 |  |  | 495 |  |  | 136 |  |  | 19 |  |  | 2,131 |
Total finance receivables |  | $ | 7,902 |  |  | $ | 3,474 |  |  | $ | 4,624 |  |  | $ | 3,677 |  |  | $ | 1,054 |  |  | $ | 218 |  |  | $ | 20,949 |
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 nine months ending March 31, 2022 and 2021:
|  | Nine months ended March 31,
($ in thousands) |  | 2022 |  | 2021
Balance at June 30 |  | $ | 1,109 |  |  | $ | 150 |
Impact of adoption of ASC 326* |  | — |  |  | 409 |
Provision for expected losses |  | 425 |  |  | 350 |
Write-offs |  | (385) |  |  | — |
Balance at March 31 |  | $ | 1,149 |  |  | $ | 909 |
* * 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 | $ | 2,829 |
2023 | 6,881 |
2024 | 5,874 |
2025 | 4,440 |
2026 | 2,552 |
Thereafter | 728 |
Total amounts to be collected | 23,304 |
Less: interest | (2,355) |
Less: allowance for receivables | (1,149) |
Total finance receivables | $ | 19,800 |

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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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