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Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 9 Months Ended
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Mar. 31, 2021
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, 2021, and June 30, 2020, are presented in the table below:
|  |  |  |  | March 31, |  | June 30, |
|  |  |  |  | 2021 |  |  | 2020 |
| Accounts receivable, trade, net | $ |  | 7,205 |  |  | $ |  | 8,458 |
| Accounts receivable, trade, gross |  |  | 7,633 |  |  |  |  | 8,711 |
| Allowance for doubtful accounts receivable, end of period |  |  | 428 |  |  |  |  | 253 |
|  | Beginning of period |  |  | 253 |  |  |  |  | 661 |
|  | Reversed to statement of operations |  |  | - |  |  |  |  | (155) |
|  | Charged to statement of operations |  |  | 160 |  |  |  |  | 181 |
|  | Utilized |  |  | (33) |  |  |  |  | (151) |
|  | Deconsolidation |  |  | - |  |  |  |  | (178) |
|  | Foreign currency adjustment |  |  | 48 |  |  |  |  | (105) |
| Current portion of amount outstanding related to sale of interest in Bank Frick |  |  | 7,500 |  |  |  |  | - |
| Loans provided to Carbon |  |  | 3,000 |  |  |  |  | 3,000 |
| Taxes refundable related to sale of Net1 Korea |  |  | - |  |  |  |  | 19,796 |
| Current portion of amount outstanding related to sale of remaining interest in DNI |  |  | - |  |  |  |  | 2,756 |
| Other receivables |  |  | 8,783 |  |  |  |  | 9,058 |
|  | Total accounts receivable, net and other receivables | $ |  | 26,488 |  |  | $ |  | 43,068 |
Current portion of amount outstanding related to sale of interest in Bank Frick represents the amount due by the purchaser in October 2021 related to the sale of Bank Frick, refer to Note 6 for additional information regarding the sale. Taxes refundable related to sale of Net1 Korea relates to the disposal of KSNET as discussed in Note 2 and the entire amount outstanding, or approximately $20.1 million (KRW 23.8 billion), was received in September 2020. On October 26, 2020, DNI settled the full amount outstanding of $5.7 million related to sale of the remaining interest in DNI, including the amounts included in other long-term assets, refer to Note 6. The Company received $0.3 million on September 30, 2020, for total receipts of $6.0 million. Other receivables include prepayments, deposits and other receivables. Finance loans receivable, net The Company’s finance loans receivable, net, as of March 31, 2021, and June 30, 2020, is presented in the table below:
|  |  |  |  | March 31, |  | June 30, |
|  |  |  |  | 2021 |  | 2020
| Microlending finance loans receivable, net | $ |  | 20,599 |  |  | $ |  | 15,879 |
| Microlending finance loans receivable, gross |  |  | 22,888 |  |  |  |  | 17,737 |
| Allowance for doubtful finance loans receivable, end of period |  |  | 2,289 |  |  |  |  | 1,858 |
|  | Beginning of period |  |  | 1,858 |  |  |  |  | 3,199 |
|  | Reversed to statement of operations |  |  | (648) |  |  |  |  | (492) |
|  | Charged to statement of operations |  |  | 1,405 |  |  |  |  | 1,211 |
|  | Utilized |  |  | (649) |  |  |  |  | (1,451) |
|  | Foreign currency adjustment |  |  | 323 |  |  |  |  | (609) |
| Working capital finance loans receivable, gross |  |  | - |  |  |  |  | - |
| Working capital finance loans receivable, gross |  |  | - |  |  |  |  | 5,800 |
| Allowance for doubtful finance loans receivable, end of period |  |  | - |  |  |  |  | 5,800 |
|  | Beginning of period |  |  | 5,800 |  |  |  |  | 5,800 |
|  | Utilized |  |  | (5,800) |  |  |  |  | - |
|  | Total accounts receivable, net | $ |  | 20,599 |  |  | $ |  | 15,879 |
3. Accounts receivable, net and other receivables and finance loans receivable, net (continued) Finance loans receivable, net (continued) Gross microlending finance loans receivable as of March 31, 2021, increased compared to June 30, 2020, following subdued lending activity due to COVID-19 restrictions in April and early May 2020. The Company was unable to originate any significant loans in April and early May 2020. The Company created an allowance for doubtful working capital finance loans receivable related to a receivable due from a customer based in the United States during the year ended June 30, 2018. The Company commenced legal proceedings against the customer in 2018. The customer is engaged in bankruptcy proceedings. In December 2020, the Company withdrew its claim lodged in the bankruptcy proceedings because it does not believe it will recover the receivable via these proceedings, or via any other process. In December 2020, the Company utilized the entire allowance for doubtful working capital finance loans receivable against the outstanding receivable.

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