Net Change in Assets and Liabilities

6 Months Ended

Dec. 31, 2025

Net Change in Assets and Liabilities [Abstract]

Net Change in Assets and Liabilities

Restricted for Qualifying Victims:

During the three months ended December 31, 2025:

●

Assets and liabilities (Restricted for Qualifying Victims) changed by less than $1,000;

●

There were no distributions (declared) reversed (Restricted for Qualifying Victims); and

●

The change in distributions payable (Restricted for Qualifying Victims) was less than $1,000.

The following provides details of the change in the carrying value of assets and liabilities, net (Restricted for Qualifying Victims) during the three months ended December 31, 2024 (unaudited) ($ in thousands):


	Cash			Remeasure-
	Activities			ment			Total


Cash, cash equivalents and short-term investments	$	-		$	-		$	-
Restricted cash		10			-			10
Other assets		(30	)		18			(12	)
Total assets	$	(20	)	$	18		$	(2	)

Accounts payable and accrued liabilities	$	-		$	-		$	-
Accrued liquidation costs		(21	)		(9	)		(30	)
Total liabilities	$	(21	)	$	(9	)	$	(30	)

Change in carrying value of assets and liabilities, net	$	1		$	27		$	28

The following provides details of the distributions (declared) reversed, net (Restricted for Qualifying Victims) during the three months ended December 31, 2024 (unaudited) ($ in thousands):


Distributions (declared)	$	(4,153	)
Distributions reversed		-
Distributions declared, net	$	(4,153	)

Distributions payable relating to Qualifying Victims increased by approximately $20,000 during the three months ended December 31, 2024.

During the six months ended December 31, 2025:

●

Assets and liabilities (Restricted for Qualifying Victims) changed by less than $1,000;

●

There were no distributions (declared) reversed (Restricted for Qualifying Victims); and

●

The change in distributions payable (Restricted for Qualifying Victims) was less than $1,000.

The following provides details of the change in the carrying value of assets and liabilities, net (Restricted for Qualifying Victims) during the six months ended December 31, 2024 (unaudited) ($ in thousands):


	Cash			Remeasure-
	Activities			ment			Total


Cash, cash equivalents and short-term investments	$	-		$	-		$	-
Restricted cash		45			-			45
Other assets		(91	)		33			(58	)
Total assets	$	(46	)	$	33		$	(13	)

Accounts payable and accrued liabilities	$	-		$	-		$	-
Accrued liquidation costs		(47	)		(9	)		(56	)
Total liabilities	$	(47	)	$	(9	)	$	(56	)

Change in carrying value of assets and liabilities, net	$	1		$	42		$	43

The following provides details of the distributions (declared) reversed, net (Restricted for Qualifying Victims) during the six months ended December 31, 2024 (unaudited) ($ in thousands):


Distributions (declared)	$	(4,153	)
Distributions reversed		-
Distributions declared, net	$	(4,153	)

Distributions payable relating to Qualifying Victims increased by approximately $20,000 during the six months ended December 31, 2024.

All Interestholders

The following provides details of the change in the carrying value of assets and liabilities, net (All Interestholders) during the three months ended December 31, 2025 (unaudited) ($ in thousands):


	Cash			Remeasure-
	Activities			ment			Total

Cash, cash equivalents and short-term investments	$	(630	)	$	-		$	(630	)
Restricted cash		-			-			-
Other assets		(937	)		(35	)		(972	)
Total assets	$	(1,567	)	$	(35	)	$	(1,602	)

Accounts payable and accrued liabilities	$	-		$	60		$	60
Accrued liquidation costs		(1,839	)		(2	)		(1,841	)
Total liabilities	$	(1,839	)	$	58		$	(1,781	)

Change in carrying value of assets and liabilities, net	$	272		$	(93	)	$	179

The following provides details of the distributions (declared) reversed, net (All Interestholders) during the three months ended December 31, 2025:


Distributions (declared)	$	(50	)
Distributions reversed		400
Distributions (declared) reversed, net	$	350

Distributions payable relating to All Interestholders decreased by approximately $377,000 during the three months ended December 31, 2025.

The following provides details of the change in the carrying value of assets and liabilities, net (All Interestholders) during the three months ended December 31, 2024 ($ in thousands) (unaudited):


		Cash		Remeasure-
	Activities			ment		Total

Cash, cash equivalents and short-term investments	$	(880	)	$	-	$	(880	)
Restricted cash		-			-		-
Other assets		(990	)		5,392		4,402
Total assets	$	(1,870	)	$	5,392	$	3,522

Accounts payable and accrued liabilities	$	(260	)	$	55	$	(205	)
Accrued liquidation costs		(2,213	)		1,754		(459	)
Total liabilities	$	(2,473	)	$	1,809	$	(664	)

Change in carrying value of assets and liabilities, net	$	603		$	3,583	$	4,186

There were no distributions (declared) reversed during the three months ended December 31, 2024.

There was no change in distributions payable relating to All Interestholders during the three months ended December 31, 2024.

The following provides details of the change in the carrying value of assets and liabilities, net (All Interestholders) during the six months ended December 31, 2025 (unaudited) ($ in thousands):


	Cash			Remeasure-
	Activities			ment			Total

Cash, cash equivalents and short-term investments	$	(1,363	)	$	-		$	(1,363	)
Restricted cash		2			-			2
Other assets		(1,488	)		391			(1,097	)
Total assets	$	(2,849	)	$	391		$	(2,458	)

Accounts payable and accrued liabilities	$	-		$	59		$	59
Accrued liquidation costs		(3,397	)		(2	)		(3,399	)
Total liabilities	$	(3,397	)	$	57		$	(3,340	)

Change in carrying value of assets and liabilities, net	$	548		$	334		$	882

The following provides details of the distributions (declared) reversed, net (All Interestholders) during the six months ended December 31, 2025:


Distributions (declared)	$	(52	)
Distributions reversed		401
Distributions declared, net	$	349

Distributions payable relating to All Interestholders increased by approximately $152,000 during the six months ended December 31, 2025.

The following provides details of the change in the carrying value of assets and liabilities, net (All Interestholders) during the six months ended December 31, 2024 ($ in thousands) (unaudited):


	Cash Activities			Remeasure- ment		Total

Cash, cash equivalents and short-term investments	$	1,512		$	-	$	1,512
Restricted cash		-			-		-
Other assets		(4,817	)		9,315		4,498
Total assets	$	(3,305	)	$	9,315	$	6,010

Accounts payable and accrued liabilities	$	(261	)	$	314	$	53
Accrued liquidation costs		(3,726	)		1,853		(1,873	)
Total liabilities	$	(3,987	)	$	2,167	$	(1,820	)

Change in carrying value of assets and liabilities, net	$	682		$	7,148	$	7,830

The following provides details of the distributions (declared) reversed, net (All Interestholders) during the six months ended December 31, 2024 ($ in thousands) (unaudited):


Distributions (declared)	$	-
Distributions reversed		19
Distributions (declared) reversed, net	$	19

Distributions payable relating to All Interestholders decreased by approximately $19,000 during the six months ended December 31, 2024.