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Accounts Receivable and Significant Client
9 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Accounts Receivable and Significant Client ACCOUNTS RECEIVABLE AND SIGNIFICANT CLIENT
Accounts receivable, net in the accompanying consolidated balance sheets, consists of the following:

March 31,June 30,
($000s)20252024
Accounts receivable$120,222 $98,438 
Less: Allowance for credit losses(187)(72)
Accounts receivable, net$120,035 $98,366 

The Company will write-off accounts receivable against the allowance when it determines a balance is uncollectible.

Activity in the Company’s allowance for credit losses consists of the following:

Three Months Ended March 31,Nine Months Ended March 31,
($000s)2025202420252024
Beginning balance$348 $117 $72 $120 
Provision for credit losses105 69 449 93 
Reversal of provision for credit losses— (13)(21)(31)
Uncollectible receivables written off(266)(67)(313)(78)
Effect of foreign exchange— — 
Ending balance$187 $107 $187 $107 

Significant Client

During the nine months ended March 31, 2025 and 2024, the Company had one client that contributed approximately 11% and 13% of total revenue, respectively.

To limit the Company’s credit risk with its clients, management regularly monitors the aging of customer receivables, maintains allowances for credit losses and may require prepayment for services from certain clients. Based on currently available information, management does not believe significant credit risk exists as of March 31, 2025.