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Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 9 Months Ended
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Mar. 31, 2019
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract] |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 4. Accounts receivable, net and other receivables and finance loans receivable, net Accounts receivable, net and other receivables The Company's accounts receivable, net, and other receivables as of March 31, 2019, and June 30, 2018, is presented in the table below:
|  | March 31, |  |  | June 30, |
|  | 2019 |  |  | 2018 |
Accounts receivable, trade, net | $ | 25,098 |  |  | 40,268 |
Accounts receivable, trade, gross |  | 26,155 |  |  | 41,369 |
Allowance for doubtful accounts receivable, end of period |  | 1,057 |  |  | 1,101 |
Beginning of year |  | 1,101 |  |  | 1,255 |
Reversed to statement of operations |  | (2 | ) |  | - |
Charged to statement of operations |  | 3,053 |  |  | (47 | )
Utilized |  | (3,020 | ) |  | 642 |
Deconsolidated as a result of transaction in Note 2 |  | (38 | ) |  | (776 | )
Foreign currency adjustment |  | (37 | ) |  | 27 |
Current portion of payments to agents in South Korea amortized over the |  |  |  |  |  |
contract period |  | 17,366 |  |  | 21,971 |
Payments to agents in South Korea amortized over the contract period. |  | 29,080 |  |  | 39,553 |
Less: Payments to agents in South Korea amortized over the contract |  |  |  |  |  |
period included in other long-term assets (Note 8) |  | 11,714 |  |  | 17,582 |
Loan provided to Finbond |  | 1,036 |  |  | 1,107 |
Loan provided to DNI (Note 2) |  | 4,180 |  |  | - |
Other receivables |  | 32,470 |  |  | 30,102 |
Total accounts receivable, net | $ | 80,150 |  | $ | 93,448 |
Finance loans receivable, net The Company's finance loans receivable, net, as of March 31, 2019, and June 30, 2018, is presented in the table below:
|  | March 31, |  |  | June 30, |
|  | 2019 |  |  | 2018 |
Microlending finance loans receivable, net | $ | 19,735 |  | $ | 57,504 |
Microlending finance loans receivable, gross |  | 22,964 |  |  | 61,743 |
Allowance for doubtful microlending finance loans receivable, end of period |  | 3,229 |  |  | 4,239 |
Beginning of year |  | 4,239 |  |  | 3,717 |
Charged to statement of operations |  | 27,955 |  |  | 4,348 |
Utilized |  | (28,756 | ) |  | (3,588 | )
Foreign currency adjustment |  | (209 | ) |  | (238 | )
Working capital finance receivable, net |  | 5,482 |  |  | 3,959 |
Working capital finance receivable, gross |  | 18,274 |  |  | 16,123 |
Allowance for doubtful working capital finance receivable, end of period |  | 12,792 |  |  | 12,164 |
Beginning of year |  | 12,164 |  |  | 3,752 |
Charged to statement of operations |  | 632 |  |  | 8,415 |
Foreign currency adjustment |  | (4 | ) |  | (3 | )
Total finance loans receivable, net | $ | 25,217 |  | $ | 61,463 |
(1) Other finance loans receivable have been deconsolidated as of March 31, 2019, pursuant to the DNI disposition described in Note 2. During the three and nine months ended March 31, 2019, the Company recorded an increase in its allowance for doubtful microlending finance loans receivable of approximately $0.1 million and $27.9 million, respectively. 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 three and nine months ended March 31, 2019, the Company utilized $24.2 million and $28.8 million, respectively, against the allowance for doubtful microlending finance loans receivable.

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- 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
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- References No definition available. + Details
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