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Financing Receivables
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Financing Receivables

NOTE 5 - FINANCING RECEIVABLES

 

Financing receivables include notes and sales-type lease receivables from the sale of the Company’s products and services. The present value of net investment in sales-type lease receivable is principally for three to five-year leases of the Company’s product and is reflected net of unearned income of $164,000 and $114,000 at December 31, 2017 and 2018, respectively, at a weighted-average discount rate of 4%

 

Scheduled maturities of minimum lease payments outstanding as of December 31, 2018 are as follows:

 

Year ending December 31:      
       
2019   $ 1,036,000  
2020     741,000  
2021     333,000  
2022     128,000  
2023     52,000  
         
      2,290,000  
Less: Current portion     1,036,000  
Total   $ 1,254,000