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FINANCE RECEIVABLES
3 Months Ended
Sep. 30, 2017
Receivables [Abstract]  
FINANCE RECEIVABLES

3. FINANCE RECEIVABLES

 

Finance receivables consist of the following:

 

 

 

 

 

 

 

 

   

 

September 30, 

 

June 30, 

($ in thousands)

    

2017

    

2017

Total finance receivables

 

$

10,824

 

$

19,617

Less current portion

 

 

3,082

 

 

11,010

Non-current portion of finance receivables

 

$

7,742

 

$

8,607

 

The Company accounts for their finance receivables using delinquency and nonaccrual data as key performance indicators.  The Company classified $248 thousand and $102 thousand as outstanding and nonperforming as of September 30,  2017 and June 30, 2017, respectively.  The Company expects to collect on their outstanding finance receivables, less any portion currently reserved, without the contracting of third parties. At September 30, 2017 and June 30, 2017, credit quality indicators consisted of the following:

 

 

 

 

 

 

 

 

Credit risk profile based on payment activity:

 

September 30, 

 

June 30, 

($ in thousands)

    

2017

    

2017

Performing

 

$

10,576

 

$

19,515

Nonperforming

 

 

248

 

 

102

Total

 

$

10,824

 

$

19,617

 

Age Analysis of Past Due Finance Receivables

As of September 30,  2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30 and under

 

31 – 60

 

61 – 90

 

Greater than

 

 

 

 

 

Total

 

 

Days Past

 

Days Past

 

Days Past

 

90 Days Past

 

Total

 

 

 

Finance

($ in thousands)

 

Due

 

Due

 

Due

 

Due

 

Non-Performing

 

Performing

 

Receivables

QuickStart Leases

 

$

103

 

$

 3

 

$

58

 

$

84

 

$

248

 

$

10,576

 

$

10,824

 

 

Age Analysis of Past Due Finance Receivables

As of June 30,  2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30 and under

 

31 – 60

 

61 – 90

 

Greater than

 

 

 

 

 

 

Total

 

 

Days Past

 

Days Past

 

Days Past

 

90 Days Past

 

Total

 

 

 

Finance

($ in thousands)

 

Due

 

Due

 

Due

 

Due

 

Non-Performing

 

Performing

 

Receivables

QuickStart Leases

 

$

29

 

$

 3

 

$

35

 

$

35

 

$

102

 

$

19,515

 

$

19,617