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FINANCE RECEIVABLES | 3 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
FINANCE RECEIVABLES | FINANCE RECEIVABLES The Company's finance receivables consist of devices under its financing program and devices contractually associated with the Seed platform. Predominately all of the Company’s finance receivables agreements are classified as non-cancellable sixty-month sales-type leases. The Company collects lease payments from customers primarily as part of the flow of funds from our transaction processing services. Balances are considered past due if customers do not have sufficient transaction revenue to cover the monthly lease payment by the end of the monthly billing period. At September 30, 2025, 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 |  | $ | 1,082 |  |  | $ | 1,547 |  |  | $ | 2,088 |  |  | $ | 3,687 |  |  | $ | 670 |  |  | $ | 80 |  |  | $ | 9,154 |
30 days and under |  | 18 |  |  | 25 |  |  | 26 |  |  | 138 |  |  | 60 |  |  | 5 |  |  | 272 |
31 - 60 days |  | 4 |  |  | 13 |  |  | 2 |  |  | 119 |  |  | 46 |  |  | 4 |  |  | 188 |
61 - 90 days |  | 2 |  |  | 10 |  |  | 14 |  |  | 35 |  |  | 24 |  |  | 2 |  |  | 87 |
Greater than 90 days |  | 1 |  |  | 42 |  |  | 140 |  |  | 1,265 |  |  | 361 |  |  | 1,043 |  |  | 2,852 |
Total finance receivables |  | $ | 1,107 |  |  | $ | 1,637 |  |  | $ | 2,270 |  |  | $ | 5,244 |  |  | $ | 1,161 |  |  | $ | 1,134 |  |  | $ | 12,553 |
At June 30, 2025, 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 |  | $ | 1,463 |  |  | $ | 1,517 |  |  | $ | 3,290 |  |  | $ | 2,766 |  |  | $ | 589 |  |  | $ | 93 |  |  | $ | 9,718 |
30 days and under |  | 27 |  |  | 34 |  |  | 83 |  |  | 106 |  |  | 61 |  |  | 14 |  |  | 325 |
31 - 60 days |  | 9 |  |  | 16 |  |  | 42 |  |  | 73 |  |  | 57 |  |  | 18 |  |  | 215 |
61 - 90 days |  | 8 |  |  | 14 |  |  | 63 |  |  | 10 |  |  | 66 |  |  | 12 |  |  | 173 |
Greater than 90 days |  | 3 |  |  | 58 |  |  | 573 |  |  | 973 |  |  | 373 |  |  | 1,162 |  |  | 3,142 |
Total finance receivables |  | $ | 1,510 |  |  | $ | 1,639 |  |  | $ | 4,051 |  |  | $ | 3,928 |  |  | $ | 1,146 |  |  | $ | 1,299 |  |  | $ | 13,573 |
The following table represents a rollforward of the allowance for finance receivables for the three months ended September 30, 2025 and 2024:
|  | Three months ended September 30,
($ in thousands) |  | 2025 |  | 2024
Balance at June 30 |  | $ | 2,401 |  |  | $ | 1,934 |
Provision for expected losses |  | (167) |  |  | 391 |
Write-offs |  | (10) |  |  | — |
Balance at September 30 |  | 2,224 |  |  | 2,325 |
Cash to be collected on our performing finance receivables due for each of the fiscal years is as follows:
($ in thousands) | Amount
Remainder of 2026 | $ | 4,548 |
2027 | 4,375 |
2028 | 2,387 |
2029 | 1,106 |
2030 | 363 |
Thereafter | 10 |
Total amounts to be collected | 12,789 |
Less: interest | (236) |
Less: allowance for uncollectible receivables | (2,224) |
Total finance receivables | $ | 10,329 |

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