FINANCE RECEIVABLES

6 Months Ended

Dec. 31, 2016

4. FINANCE RECEIVABLES

Finance receivables consist of the following:


	December 31,		June 30,
($ in thousands)	2016		2016
	(unaudited)
Total finance receivables	$	5,398	$	7,306
Less current portion		1,442		3,588
Non-current portion of finance receivables	$	3,956	$	3,718

The Company collects monthly payments of its finance receivables from the customers’ transaction fund flow. Accordingly, as the fund flow from these customers’ transactions is generally sufficient to satisfy the amount due to the Company, the risk of loss is considered low and the Company has provided for an allowance for credit losses for finance receivables of $29 thousand and $0 as of December 31, 2016 and June 30, 2016, respectively. The aggregate amount of unrealized losses on Finance Receivables was $33 thousand and $0 as of December 31, 2016 and June 30, 2016, respectively. The number of Finance Receivables that are in a loss position is twelve and zero as of December 31, 2016 and June 30, 2016 respectively.

Credit Quality Indicators


Credit risk profile based on payment activity:	December 31,		June 30,
($ in thousands)	2016		2016
	(unaudited)
Performing	$	5,309	$	7,174
Nonperforming		89		132
Total	$	5,398	$	7,306

Age Analysis of Past Due Finance Receivables

As of December 31, 2016


	31 – 60		61 – 90		Greater than						Total
	Days Past		Days Past		90 Days Past		Total Past				Finance
($ in thousands)	Due		Due		Due		Due		Current		Receivables
QuickStart Leases	$	5	$	5	$	46	$	56	$	5,342	$	5,398

Age Analysis of Past Due Finance Receivables

As of June 30, 2016


	31 – 60		61 – 90		Greater than						Total
	Days Past		Days Past		90 Days Past		Total Past				Finance
($ in thousands)	Due		Due		Due		Due		Current		Receivables
QuickStart Leases	$	98	$	31	$	3	$	132	$	7,174	$	7,306