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Allowance for Credit Losses
 12 Months Ended
Dec. 31, 2013
Allowance for Credit Losses [Abstract]  
Allowance for Credit Losses

4. Allowance for credit losses:

The Company’s allowance for credit losses are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Receivable Allowance
for Doubtful Accounts

 

 

Valuation Adjustments on Financing Receivables

 

 

Total Allowance for Credit Losses

 

 

Finance Leases

 

 

Operating Leases

 

 

Finance Leases

 

 

 

Balance December 31, 2011

$

 -

 

$
22 

 

$

 -

 

$
22 

Reversal of provision

 

 -

 

 
(12)

 

 

 -

 

 
(12)

Balance December 31, 2012

 

 -

 

 
10 

 

 

 -

 

 
10 

Reversal of provision

 

 -

 

 
(7)

 

 

 -

 

 
(7)

Balance December 31, 2013

$

 -

 

$
3 

 

$

 -

 

$
3 

 

The allowance for credit losses at both December 31, 2013 and 2012 were related to delinquent operating lease receivables.

 

As of December 31, 2013, the Company had no financing lease receivables, as its remaining finance lease matured on July 1, 2013. By comparison, at December 31, 2012, finance lease receivables totaled $100 thousand, all of which were current.