FINANCE RECEIVABLES

9 Months Ended

Mar. 31, 2017

3. FINANCE RECEIVABLES

Finance receivables consist of the following:


	March 31,		June 30,
($ in thousands)	2017		2016
	(unaudited)
Total finance receivables	$	9,605	$	7,306
Less current portion		2,057		3,588
Non-current portion of finance receivables	$	7,548	$	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 $25 thousand and zero as of March 31, 2017 and June 30, 2016, respectively. The number of Finance Receivables that are in a loss position is nine and zero as of March 31, 2017 and June 30, 2016 respectively.

Credit Quality Indicators


Credit risk profile based on payment activity:	March 31,		June 30,
($ in thousands)	2017		2016
	(unaudited)
Performing	$	9,527	$	7,174
Nonperforming		78		132
Total	$	9,605	$	7,306

Age Analysis of Past Due Finance Receivables

As of March 31, 2017


	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	$	31	$	1	$	21	$	53	$	9,552	$	9,605

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