NOTES RECEIVABLE

12 Months Ended

Dec. 31, 2018

NOTES RECEIVABLE [Abstract]

NOTES RECEIVABLE

NOTE 4 – NOTES RECEIVABLE

The Company had notes receivable from sending agents at December 31 as follows (in thousands):

	December 31, 2018			December 31, 2017
Notes receivable, current	$	730		$	471
Allowance		(279	)		(176	)
Net current	$	451		$	295
Notes receivable, long-term	$	478		$	608
Allowance		(169	)		(248	)
Net long-term	$	309		$	360

The net current portion is included in other prepaid expenses and current assets, and the net long-term portion is included in other assets in the consolidated balance sheets. The notes have interest rates ranging from 0% to 18.5% per annum. At December 31, 2018 and 2017, there were $1.2 million and $1.1 million, respectively, of notes collateralized by personal guarantees from the sending agents and by assets from their businesses in case of a default by the agent.

The maturities of notes receivable at December 31, 2018 is as follows (in thousands):

	Unpaid Principle Balance
Under 1 year	$	730
Between 1 and 2 years		438
Between 2 and 3 years		40
Total	$	1,208