4. Equipment Financing Receivables

6 Months Ended

Jun. 30, 2014

Equipment Financing Receivables

4. Equipment Financing Receivables

We rent our hosted telecom equipment (VoIP telephone devices) through leasing contracts that we classify as either operating leases or sale-type leases. Equipment finance receivables arising from the rental of our hosted telecom equipment through sales-type leases were as follows (in thousands):

	June 30,			December 31,
	2014			2013
Gross financing receivables	$	1,665		$	1,369
Less unearned income		(1,051	)		(877	)
Financing receivables, net		614			492
Less: Current portion of finance receivables, net		(141	)		(94	)
Finance receivables due after one year	$	473		$	398

Equipment finance receivables are expected to be collected over the next thirty-six to sixty months.