FINANCE RECEIVABLES

3 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Finance receivables

3. FINANCE RECEIVABLES

Finance receivables consist of the following:

($ in thousands)	September 30,  2015		June 30,  2015
	(unaudited)
Total finance receivables	$	4,471	$	4,639
Less current portion		946		941
Non-current portion of finance receivables	$	3,525	$	3,698

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 sufficient to satisfy the amount due to the company, the risk of loss is considered remote and the company has not provided for an allowance for credit losses for finance receivables as of September 30, 2015 and June 30, 2015.

Credit Quality Indicators

As of September 30, 2015

(unaudited)

Credit risk profile based on payment activity:	September 30,  2015		June 30,  2015
($ in thousands)		(unaudited)
Performing	$	4,445	$	4,619
Nonperforming		26		20
Total	$	4,471	$	4,639

Age Analysis of Past Due Finance Receivables

As of September 30, 2015

(unaudited)

($ in thousands)	31 – 60  Days Past Due		61 – 90  Days Past Due		Greater than 90 Days Past  Due		Total Past Due		Current		Total  Finance  Receivables
QuickStart Leases	$	3	$	4	$	19	$	26	$	4,445	$	4,471

Age Analysis of Past Due Finance Receivables

As of June 30, 2015

($ in thousands)	31 – 60  Days Past Due		61 – 90  Days Past Due		Greater than  90 Days Past  Due		Total Past Due		Current		Total  Finance  Receivables
QuickStart Leases	$	-	$	15	$	5	$	20	$	4,619	$	4,639