FINANCE RECEIVABLES

3 Months Ended

Sep. 30, 2014

Receivables [Abstract]

FINANCE RECEIVABLES

2. FINANCE RECEIVABLES

Finance Receivables consist of the following:

	September 30,			June 30,
	2014			2014
	(unaudited)
Total finance receivables		$	1,228,049	$	472,587
Less current portion			279,216		119,793
Non-current portion of finance receivables		$	948,833	$	352,794

As of September 30, 2014 and June 30, 2014, 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, 2014
(unaudited)

Credit risk profile based on payment activity:
	Leases
Performing	$	1,222,768
Nonperforming		5,281
Total	$	1,228,049

Age Analysis of Past Due Finance Receivables
As of September 30, 2014
(unaudited)

	31 – 60		61 – 90		Greater than						Total
	Days Past		Days Past		90 Days Past		Total Past				Finance
	Due		Due		Due		Due		Current		Receivables
Leases	$	-	$	1,787	$	3,494	$	5,281	$	1,222,768		$	1,228,049
Total	$	-	$	1,787	$	3,494	$	5,281	$	1,222,768		$	1,228,049