5. ACCOUNTS RECEIVABLE, net and FINANCE LOANS RECEIVABLE, net

Accounts receivable, net


		2014			2013
Accounts receivable, trade, net	$	64,885		$	41,225
Accounts receivable, trade, gross		66,198			45,926
Allowance for doubtful accounts receivable, end of year		1,313			4,701
Beginning of year		4,701			788
Deconsolidation		(32	)		-
Reversed to statement of operations		(1,455	)		(93	)
Charged to statement of operations		714			4,622
Utilized		(2,451	)		(5	)
Foreign currency adjustment		(164	)		(611	)
Cash payments to agents in South Korea that are amortized over the contract period		46,591			32,412
Other receivables		36,591			28,977
Total accounts receivable, net	$	148,067		$	102,614

Receivables from customers renting POS equipment from the Company are included in accounts receivable, trade, and stated net of an allowance for certain amounts that the Company's management has identified may be unrecoverable. Accounts receivable, trade, also includes amounts due from customers from the sale of hardware, software licenses and SIM cards provision of transaction processing services. During the year ended June 30, 2014, 2013 and 2012, respectively, the Company recorded a bad debt expense of $0.6 million, $0.4 million and $0.2 million.

Finance loans receivable, net


		2014			2013
Finance loans receivable, gross	$	56,207		$	8,350
Allowance for doubtful finance loans receivable, end of year		3,083			-
Beginning of year		-			-
Charged to statement of operations		3,652			-
Utilized		(513	)		-
Foreign currency adjustment		(56	)		-
Total finance loans receivable, net	$	53,124		$	8,350

The Company updated its accounting policy for the allowance for doubtful finance loans receivable during the year ended June 30, 2014, as a result of the increase in its UEPS-based lending book which is included in finance loans receivable in its consolidated balance sheet. The Company does not believe that an allowance for doubtful finance loans receivable is required for finance loans receivable as of June 30, 2013, because this was an established book and has been recovered. The Company did not expense any unrecoverable finance loans receivable during the year ended June 30, 2014, because these loans were written off directly against the allowance for doubtful finance loans receivable. The Company recorded an unrecoverable finance loans receivable expense of $0.2 million during each of the years ended June 30, 2013 and 2012, respectively.