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Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 12 Months Ended
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Jun. 30, 2019
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract] |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 5. ACCOUNTS RECEIVABLE, net AND OTHER RECEIVABLES and FINANCE LOANS RECEIVABLE, net Accounts receivable, net and other receivables
|  |  |  | 2019 |  |  |  | 2018 |
|  | Accounts receivable, trade, net | $ | 25,136 |  |  | $ | 40,268 |
|  | Accounts receivable, trade, gross |  | 26,377 |  |  |  | 41,369 |
|  | Allowance for doubtful accounts receivable, end of year |  | 1,241 |  |  |  | 1,101 |
|  | Beginning of year |  | 1,101 |  |  |  | 1,255 |
|  | Reversed to statement of operations |  | (24 | ) |  |  | (47 | )
|  | Charged to statement of operations |  | 3,296 |  |  |  | 642 |
|  | Utilized |  | (3,059 | ) |  |  | (776 | )
|  | Deconsolidation |  | (38 | ) |  |  | - |
|  | Foreign currency adjustment |  | (35 | ) |  |  | 27 |
|  | Current portion of payments to agents in South Korea amortized over the contract |  |  |  |  |  |  |
|  | period |  | 15,543 |  |  |  | 21,971 |
|  | Payments to agents in South Korea amortized over the contract period |  | 25,107 |  |  |  | 39,553 |
|  | Less: Payments to agents in South Korea amortized over the contract period |  |  |  |  |  |  |
|  | included in other long-term assets (Note 9) |  | 9,564 |  |  |  | 17,582 |
|  | Loans provided to Finbond |  | - |  |  |  | 1,107 |
|  | Loan provided to OneFi (Note 9) |  | 3,000 |  |  |  | - |
|  | Loan provided to DNI (Note 3) |  | 4,260 |  |  |  | - |
|  | Other receivables |  | 24,555 |  |  |  | 30,102 |
|  | Total accounts receivable, net and other receivables | $ | 72,494 |  |  | $ | 93,448 |
Accounts receivable, trade, gross includes amounts due from customers from the provision of transaction processing services, from the sale of hardware, software licenses and SIM cards and rentals from POS equipment. The Company did not record any bad debt expense during the year ended June 30, 2019, and bad debts incurred were written off against the allowance for doubtful accounts receivable. During the year ended June 30, 2018 and 2017, the Company recorded bad debt expense of $0.1 million and $0.1 million, respectively. The loan provided to Finbond was repaid in full in June 2019. The loan provided to DNI was repaid in full in July 2019. Other receivables include prepayments, deposits and other receivables. Finance loans receivable, net The Company's finance loans receivable, net, as of June 30, 2019 and 2018, is presented in the table below:
|  | 2019 |  |  |  | 2018 |
Microlending finance loans receivable, net | $ | 20,981 |  |  | $ | 57,504 |
Microlending finance loans receivable, gross |  | 24,180 |  |  |  | 61,743 |
Allowance for doubtful microlending finance loans receivable, end of year |  | 3,199 |  |  |  | 4,239 |
Beginning of year |  | 4,239 |  |  |  | 3,717 |
Charged to statement of operations |  | 28,802 |  |  |  | 4,348 |
Utilized |  | (29,721 | ) |  |  | (3,588 | )
Foreign currency adjustment |  | (121 | ) |  |  | (238 | )
Working capital finance receivable, net |  | 9,650 |  |  |  | 3,959 |
Working capital finance receivable, gross |  | 15,742 |  |  |  | 16,123 |
Allowance for doubtful working capital finance receivable, end of year |  | 6,092 |  |  |  | 12,164 |
Beginning of year |  | 12,164 |  |  |  | 3,752 |
Charged to statement of operations |  | 712 |  |  |  | 8,415 |
Utilized |  | (6,777 | ) |  |  | - |
Foreign currency adjustment |  | (7 | ) |  |  | (3 | )
Total finance loans receivable, net | $ | 30,631 |  |  | $ | 61,463 |
Total finance loans receivable, net, comprises microlending finance loans receivable related to the Company's microlending operations in South Africa, its working capital finance receivable related to its working capital financing offering in Korea, net of an allowance for doubtful finance receivables for certain amounts that the Company's management has identified may be unrecoverable. During the year ended June 30, 2019, the Company recorded an increase in its allowance for doubtful microlending finance loans receivable of approximately $28.8 million. This high level of allowance related to the non-funding of accounts for a portion of the EPE customer base as a result of the auto-migration of the customer base to the South Africa Post Office account offering during the three months ended December 31, 2018. During the year ended June 30, 2019, the Company utilized $29.7 million of this allowance for doubtful microlending finance loans receivable. During the year ended June 30, 2018, the Company exited its working capital finance businesses in Europe and the United States. The Company did not expense any unrecoverable microlending finance loans receivable during the year ended June 30, 2018, 2017 or 2016, respectively, because these loans were written off directly against the allowance for doubtful microlending finance loans receivable. The Company created an allowance for doubtful working capital finance receivables related to receivables due from customers based in the United States during the year ended June 30, 2018, and utilized approximately $6.8 million of this allowance during the year ended June 30, 2019.

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