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Leases | 12 Months Ended
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Jun. 30, 2025
Leases [Abstract] |
Leases | 8. LEASES The Company has entered into leasing arrangements classified as operating leases under accounting guidance. These leasing arrangements relate primarily to the lease of its corporate head office, administration offices, a manufacturing facility, and branch locations through which the Company operates its financial services business in South Africa. The Company’s operating leases have a remaining lease term of between one year to five years . The Company also operates parts of its financial services business from locations which it leases for a period of less than one year . The Company’s operating lease expense during the years ended June 30, 2025, 2024 and 2023, was $ 4.8 million, $ 3.2 million, and $ 2.9 million, respectively. The Company does not have any significant leases that have not commenced as of June 30, 2025. The Company has entered into short-term leasing arrangements, primarily for the lease of branch locations and other locations to operate its financial services business in South Africa. The Company’s short-term lease expense during the years ended June 30, 2025, 2024 and 2023, was $ 4.7 million, $ 3.6 million and $ 4.2 million, respectively. 8. LEASES (continued) The following table presents supplemental balance sheet disclosure related to our right-of-use assets and our operating leases liabilities as of June 30, 2025 and 2024: June 30, June 30, 2025 2024 Right-of-use assets obtained in exchange for lease obligations Weighted average remaining lease term (years) 2.84 3.07 Weighted average discount rate 9.8 % 10.5 % Maturities of operating lease liabilities 2026 $ 4,852 2027 3,344 2028 2,116 2029 944 2030 404 Thereafter - Total undiscounted operating lease liabilities 11,660 Less imputed interest 1,524 Total operating lease liabilities, included in 10,136 Operating lease liability - current 4,007 Operating lease liability - long-term $ 6,129

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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