Notes Receivable, Net

12 Months Ended

Dec. 31, 2019

Notes Receivable, Net [Abstract]

Notes Receivable, Net

4. Notes receivable, net:

The Company has various notes receivable from borrowers who have financed the purchase of equipment through the Company. As of December 31, 2019, the original terms of the notes are from 24 to 42 months with interest rates ranging from 11.55%  to 16.49% per annum. The notes are secured by the equipment financed and have maturity dates ranging from 2020 to 2022.

As of December 31, 2019, the minimum future payments receivable are as follows (in thousands):

Year ending December 31, 2020	$	830
2021		437
2022		9
		1,276
Less: portion representing unearned interest income		(112)
		1,164
Less: warrants - notes receivable discount		(86)
Notes receivable, net	$	1,078

IDC amortization expense related to notes receivable and the Company’s operating leases for the years ended December 31, 2019 and 2018 are as follows (in thousands):

	2019		2018
IDC amortization - notes receivable	$	8	$	11
IDC amortization - lease assets		59		66
Total	$	67	$	77