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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 18,971 $ 22,281
Receivables from managed funds 2,318 2,445
Investments, at fair value (cost $40,103 and $68,766, respectively) 54,536 48,042
Prepaid and other current assets 3,715 665
Investments, at fair value (cost $2,432)   1,797
Assets of Consolidated Fund - Prepaid expenses   746
Current assets held for sale 76,629 8,464
Total current assets 156,169 84,440
Property and equipment, net 46 17
Identifiable intangible assets, net 12,668 13,250
Right of use assets 664 733
Other assets 143 86
Non-current assets held for sale   69,561
Total assets 169,690 168,087
Current liabilities:    
Accounts payable 80 8
Accrued expenses and other liabilities 1,743 3,845
Current portion of related party payables 888 486
Current portion of lease liabilities 334 341
Current portion of related party notes payable 23,361  
Liabilities of Consolidated Fund - accrued expenses and other   11
Current liabilities held for sale 18,047 15,003
Total current liabilities 44,453 19,694
Lease liabilities, net of current portion 345 472
Long term debt (face value $26,945) 25,667 25,532
Related party payables 452 1,120
Related party notes payable, net of current portion   6,270
Convertible notes (face value $36,987 and $36,085, including $15,019 and $15,133 held by related parties, respectively) 36,147 35,187
Redeemable preferred stock of subsidiaries (held by related parties, face value $35,010)   34,099
Other liabilities 527 908
Non-current liabilities held for sale   2,551
Total liabilities 107,591 125,833
Commitments and Contingencies (Note 13)
Contingently redeemable non-controlling interest 2,977 2,225
Stockholders' equity    
Preferred stock, $0.001 par value; 5,000,000 authorized and zero outstanding
Common stock, $0.001 par value; 350,000,000 shares authorized and 30,028,319 shares issued and 28,976,454 outstanding at December 31, 2022; and 28,932,444 shares issued and 28,507,490 outstanding at June 30, 2022 29 29
Additional paid-in-capital 3,314,173 3,312,763
Accumulated deficit (3,258,057) (3,279,296)
Total Great Elm Group, Inc. stockholders' equity 56,145 33,496
Non-controlling interest 2,977 6,533
Total stockholders' equity 59,122 40,029
Total liabilities, non-controlling interest and stockholders' equity $ 169,690 $ 168,087