3. Accounts and Long Term Receivable

Within accounts receivable and long term receivable there are amounts due reflecting sales whose payment terms exceed one year. This financing is separate from agreements with a leasing component, see Note 4 for financing through leases. These receivables are included in Accounts Receivable and Long Term Receivable in the amount of $2.1 million and $5.0 million as of September 30, 2019. The long-term receivable carries a weighted interest rate of 6.9%, which reflects the approximate interest rate consistent with a separate financing transaction with the customer. The Company did not finance any sales of hardware, software, or services in fiscal year 2018, except for agreements containing a lease which is described in Note 4.

There is not an allowance for credit losses nor impairments for accounts and long term receivables with a contractual maturity of over one year. There was also no activity in the allowance for credit losses of these receivables for the year ended September 30, 2019. All these agreements are looked at as one portfolio in determining credit losses. There are various factors that are considered in extending a customer payment terms longer than one year including payment history, economic conditions, and capacity to pay. The credit quality of customers is monitored by payment activity. The unearned income represents a rate similar to market.

Contractual maturities of outstanding financing with an original contractual maturity over one year are as follows:


Fiscal year ending September 30:	(Amounts in thousands)
2020	$	2,502
2021		2,258
2022		1,880
2023		1,423
Total payments		8,063
Less: unearned income		976
Total, net of unearned income	$	7,087

The current portion of $2.1 million is within accounts receivable. Total long term receivable was $5.3 million at September 30, 2019, which included $5.0 million from financing and $0.3 million that did not have a financing component. The $0.3 million was recorded as the contract it relates to is noncancelable.