FINANCE RECEIVABLES

3 Months Ended

Sep. 30, 2013

Receivables [Abstract]

FINANCE RECEIVABLES

2. FINANCE RECEIVABLES

Finance Receivables consist of the following:

	September 30,		June 30,
	2013		2013
	(unaudited)
Total finance receivables	$	563,789	$	525,118
Less current portion		131,237		116,444
Non-current portion of finance receivables	$	432,552	$	408,674

As of September 30, 2013 and June 30, 2013, there was no allowance for credit losses of finance receivables. As the Company collects monthly payments of the receivables from the customers’ transaction funds, the risk of loss was determined to be remote.

Credit Quality Indicators

As of September 30, 2013

(unaudited)

Credit risk profile based on payment activity:
	Leases
Performing	$	563,518
Nonperforming		271
Total	$	563,789

Age Analysis of Past Due Finance Receivables

As of September 30, 2013

(unaudited)

	31 – 60		61 – 90		Greater than						Total
	Days Past Due		Days Past Due		90 Days Past Due		Total Past Due		Current		Finance  Receivables
Leases	$	-	$	1,028	$	855	$	1,883	$	561,906	$	563,789
Total	$	-	$	1,028	$	855	$	1,883	$	561,906	$	563,789