Net investment in sales-type leases

6 Months Ended

Jun. 30, 2012

Net investment in sales-type leases

The Company has sales-type leases with a term of three years. Sales-type lease receivables are collateralized by the underlying equipment. The components of our net investment in sales-type leases are as follows (in thousands):



	December 31,		December 31,		June 30,
	2010		2011		2012
					(unaudited)
Net minimum lease payments to be received	$	—	$	—	$	1,588
Less unearned interest income portion	—		—		(151		)
Net investment in sales-type leases	—		—		1,437
Less current portion	—		—		(498		)
Non-current net investment in sales-type leases	$	—	$	—	$	939

There were no allowances for doubtful accounts for each of the years ended December 31, 2010 or 2011, or for the six months ended June 30, 2012 (unaudited).

The minimum lease payments under sales-type leases as of June 30, 2012 (unaudited) were as follows (in thousands):



2012 (remaining six months)	$	289
2013	578
2014	578
2015	143
2016 and thereafter	—
Total	$	1,588

- Definition

The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

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