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Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 9 Months Ended
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Mar. 31, 2020
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract] |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 3. 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, 2020, and June 30, 2019, are presented in the table below:
|  |  |  |  |  | March 31, |  |  |  | June 30, |  |  |
|  |  |  |  |  |  | 2020 |  |  |  |  | 2019 |  |  |
| Accounts receivable, trade, net | $ |  | 12 691 |  |  | $ |  | 12 637 |  |  |
| Accounts receivable, trade, gross |  |  | 13 076 |  |  |  |  | 13 298 |  |  |
| Allowance for doubtful accounts receivable, end of period |  |  | 385 |  |  |  |  | 661 |  |  |
|  | Beginning of period |  |  | 661 |  |  |  |  | 678 |  |  |
|  | Reversed to statement of operations |  |  | (183) |  |  |  |  | (22) |  |  |
|  | Charged to statement of operations |  |  | 145 |  |  |  |  | 3 118 |  |  |
|  | Utilized |  |  | (128) |  |  |  |  | (3 059) |  |  |
|  | Deconsolidation |  |  | - |  |  |  |  | (38) |  |  |
|  | Foreign currency adjustment |  |  | (110) |  |  |  |  | (16) |  |  |
| Taxes refundable related to sale of Net1 Korea (Note 2) |  |  | 19 473 |  |  |  |  | - |  |  |
| Loans provided to Carbon |  |  | 3 000 |  |  |  |  | 3 000 |  |  |
| Loan provided to DNI |  |  | - |  |  |  |  | 4 260 |  |  |
| Other receivables |  |  | 10 678 |  |  |  |  | 11 238 |  |  |
|  | Total accounts receivable, net | $ |  | 45 842 |  |  | $ |  | 31 135 |  |  |
3. Accounts receivable, net and other receivables and finance loans receivable, net (continued) 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 March 31, 2020, and June 30, 2019, is presented in the table below:
|  |  |  |  |  | March 31, |  |  |  | June 30, |  |  |
|  |  |  |  |  |  | 2020 |  |  |  |  | 2019 |  |  |
| Microlending finance loans receivable, net | $ |  | 8 781 |  |  | $ |  | 20 981 |  |  |
| Microlending finance loans receivable, gross |  |  | 10 509 |  |  |  |  | 24 180 |  |  |
| Allowance for doubtful finance loans receivable, end of period |  |  | 1 728 |  |  |  |  | 3 199 |  |  |
|  | Beginning of period |  |  | 3 199 |  |  |  |  | 4 239 |  |  |
|  | Reversed to statement of operations |  |  | (542) |  |  |  |  | - |  |  |
|  | Charged to statement of operations |  |  | 940 |  |  |  |  | 28 802 |  |  |
|  | Utilized |  |  | (1 284) |  |  |  |  | (29 721) |  |  |
|  | Foreign currency adjustment |  |  | (585) |  |  |  |  | (121) |  |  |
| Working capital finance loans receivable, gross |  |  | 5 800 |  |  |  |  | 5 800 |  |  |
| Allowance for doubtful finance loans receivable, end of period |  |  | 5 800 |  |  |  |  | 5 800 |  |  |
|  | Beginning of period |  |  | 5 800 |  |  |  |  | 12 037 |  |  |
|  | Charged to statement of operations |  |  | - |  |  |  |  | 748 |  |  |
|  | Utilized |  |  | - |  |  |  |  | (6 985) |  |  |
|  | Total accounts receivable, net | $ |  | 8 781 |  |  | $ |  | 20 981 |  |  |
The reduction in gross microlending finance loans receivable was partially due to the collection of repayments at the end of March due to the early opening of the grant payfile. The Company considered the impact of COVID-19 on the collectability of the outstanding balance as of March 31, 2020, and determined that an increase in the allowance doubtful finance loans receivable specifically related to the COVID-19 pandemic was not required. The Company made this determination because it does not expect the pandemic to significantly impact the customer base’s ability to repay amounts due over the next five months. 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.

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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
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- References No definition available. + Details
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