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Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 6 Months Ended
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Dec. 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 | 2. 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 December 31, 2021, and June 30, 2021, are presented in the table below:
|  |  |  |  | December 31, |  | June 30, |
|  |  |  |  | 2021 |  |  | 2021 |
| Accounts receivable, trade, net | $ |  | 8,807 |  |  | $ |  | 10,493 |
| Accounts receivable, trade, gross |  |  | 9,231 |  |  |  |  | 10,760 |
| Allowance for doubtful accounts receivable, end of period |  |  | 424 |  |  |  |  | 267 |
|  | Beginning of period |  |  | 267 |  |  |  |  | 253 |
|  | Reversed to statement of operations |  |  | (1) |  |  |  |  | (182) |
|  | Charged to statement of operations |  |  | 201 |  |  |  |  | 232 |
|  | Utilized |  |  | (3) |  |  |  |  | (59) |
|  | Foreign currency adjustment |  |  | (40) |  |  |  |  | 23 |
| Current portion of amount outstanding related to sale of interest in Bank Frick |  |  | 3,890 |  |  |  |  | 7,500 |
| Loans provided to Carbon |  |  | - |  |  |  |  | - |
| Current portion of total held to maturity investments |  |  | - |  |  |  |  | - |
|  | Investment in 7.625% of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625% notes |  |  | - |  |  |  |  | - |
| Other receivables |  |  | 8,004 |  |  |  |  | 8,590 |
|  | Total accounts receivable, net and other receivables | $ |  | 20,701 |  |  | $ |  | 26,583 |
Current portion of amount outstanding related to sale of interest in Bank Frick represents the amount due from the purchaser related to the sale of Bank Frick. The Company received the first scheduled repayment of $7.5 million in October 2021 and the remaining amount of $3.9 million is due in July 2022. The loan of $3.0 million provided to Carbon was scheduled to be repaid before June 30, 2020, however, Carbon requested a payment holiday as a result of the impact of the COVID-19 pandemic on its business. The parties had not agreed to new repayment terms as of December 31, 2021. However, the Company acknowledges the unexpected and ongoing challenges facing Carbon and determined in June 2021 to create an allowance for doubtful loans receivable of $3.0 million due to these circumstances and ongoing operating losses incurred by Carbon. Investment in 7.625% of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625% notes represents the investment in a note which matures in August 2022. The carrying value as of each of December 31, 2021 and June 30, 2021, respectively was $0 (nil). The note is included in other long-term assets as of June 30, 2021 (refer to Note 5). Other receivables include prepayments, deposits and other receivables. Contractual maturities of held to maturity investments Summarized below is the contractual maturity of the Company’s held to maturity investment as of December 31, 2021:
|  |  |  |  |  |  |  |  | Cost basis |  |  | Estimated fair value(1) |
| Due in one year or less | $ | - |  | $ | - |
| Due in one year through five years(2) |  | - |  |  | - |
| Due in five years through ten years |  | - |  |  | - |
| Due after ten years |  | - |  |  | - |
|  |  | Total | $ | - |  | $ | - |
(1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Company’s portion of the security provided to the Company by Cedar Cellular, namely, Cedar Cellular’s investment in Cell C. (2) The cost basis is zero ($0.0 million). Finance loans receivable, net The Company’s finance loans receivable, net, as of December 31, 2021, and June 30, 2021, is presented in the table below:
|  |  |  |  | December 31, |  | June 30, |
|  |  |  |  | 2021 |  | 2021
| Microlending finance loans receivable, net | $ |  | 21,571 |  |  | $ |  | 21,142 |
| Microlending finance loans receivable, gross |  |  | 23,968 |  |  |  |  | 23,491 |
| Allowance for doubtful finance loans receivable, end of period |  |  | 2,397 |  |  |  |  | 2,349 |
|  | Beginning of period |  |  | 2,349 |  |  |  |  | 1,858 |
|  | Reversed to statement of operations |  |  | - |  |  |  |  | (1,004) |
|  | Charged to statement of operations |  |  | 926 |  |  |  |  | 2,060 |
|  | Utilized |  |  | (619) |  |  |  |  | (967) |
|  | Foreign currency adjustment |  |  | (259) |  |  |  |  | 402 |
|  | Total finance loans receivable, net | $ |  | 21,571 |  |  | $ |  | 21,142 |

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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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