Allowance for Credit Losses

12 Months Ended

Dec. 31, 2019

Allowance for Credit Losses [Abstract]

Allowance for Credit Losses

5.     Allowance for credit losses:

The Company’s allowance for credit losses totaled $190 thousand and $101 thousand at December 31, 2019 and 2018, respectively. All of such allowance were related to delinquent operating lease receivables. Per ASU 2016-02, the current year credit loss of $89 thousand is netted against operating lease revenues in the statements of income. The Company had neither financing receivables in non-accrual status nor impaired financing receivables at December 31, 2019 and 2018.