XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Accounts Receivable, Net And Finance Loans Receivable, Net | 6 Months Ended
--- | ---
Dec. 31, 2018
Accounts Receivable, Net And Finance Loans Receivable, Net [Abstract] |
Accounts Receivable, Net And Finance Loans Receivable, Net | 3. Accounts receivable, net and finance loans receivable, net Accounts receivable, net The Company's accounts receivable, net, as of December 31, 2018, and June 30, 2018, is presented in the table below:
|  | December 31, |  |  | June 30, |
|  | 2018 |  |  | 2018 |
Accounts receivable, trade, net | $ | 33,282 |  | $ | 49,365 |
Accounts receivable, trade, gross |  | 34,613 |  |  | 50,466 |
Allowance for doubtful accounts receivable, end of period |  | 1,331 |  |  | 1,101 |
Beginning of year |  | 1,101 |  |  | 1,255 |
Reversed to statement of operations |  | (2 | ) |  | (47 | )
Charged to statement of operations |  | 2,985 |  |  | 642 |
Utilized |  | (2,763 | ) |  | (776 | )
Foreign currency adjustment |  | 10 |  |  | 27 |
Current portion of payments to agents in South Korea amortized over the |  |  |  |  |  |
contract period |  | 19,480 |  |  | 21,971 |
Payments to agents in South Korea amortized over the contract period. |  | 33,822 |  |  | 39,554 |
Less: Payments to agents in South Korea amortized over the contract |  |  |  |  |  |
period included in other long-term assets (Note 7) |  | 14,341 |  |  | 17,582 |
Loans provided to Finbond |  | 1,042 |  |  | 1,107 |
Contingent purchase consideration |  | 6,362 |  |  | - |
Other receivables |  | 44,841 |  |  | 37,240 |
Total accounts receivable, net | $ | 105,007 |  | $ | 109,683 |
Finance loans receivable, net The Company's finance loans receivable, net, as of December 31, 2018, and June 30, 2018, is presented in the table below:
|  | December 31, |  |  |  | June 30, |
|  | 2018 |  |  |  | 2018 |
Microlending finance loans receivable, net | $ | 15,609 |  |  | $ | 57,504 |
Microlending finance loans receivable, gross |  | 42,829 |  |  |  | 61,743 |
Allowance for doubtful microlending finance loans receivable, end of period |  | 27,220 |  |  |  | 4,239 |
Beginning of year |  | 4,239 |  |  |  | 3,717 |
Charged to statement of operations |  | 27,798 |  |  |  | 4,348 |
Utilized |  | (4,522 | ) |  |  | (3,588 | )
Foreign currency adjustment |  | (295 | ) |  |  | (238 | )
Working capital finance receivable, net |  | 3,936 |  |  |  | 3,959 |
Working capital finance receivable, gross |  | 16,566 |  |  |  | 16,123 |
Allowance for doubtful working capital finance receivable, end of period |  | 12,630 |  |  |  | 12,164 |
Beginning of year |  | 12,164 |  |  |  | 3,752 |
Charged to statement of operations |  | 465 |  |  |  | 8,415 |
Foreign currency adjustment |  | 1 |  |  |  | (3 | )
Current portion of other finance loans receivable |  | 5,577 |  |  |  | 742 |
Total other finance loans receivable |  | 17,822 |  |  |  | 13,025 |
Less included in other long-term assets |  | 12,245 |  |  |  | 12,283 |
Total finance loans receivable, net | $ | 25,122 |  |  | $ | 62,205 |
During the three and six months ended December 31, 2018, the Company recorded an increase in its allowance for doubtful microlending finance loans receivable of approximately $23.4 million and $27.8 million, respectively, 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.

X
- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 + Details
Name: | us-gaap_FinancingReceivablesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NotesReceivableNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration