FINANCE RECEIVABLES

9 Months Ended

Mar. 31, 2016

Receivables [Abstract]

FINANCE RECEIVABLES

4. FINANCE RECEIVABLES

Finance receivables consist of the following:

	March 31,		June 30,
($ in thousands)	2016		2015
	(unaudited)
Total finance receivables	$	4,719	$	4,639
Less current portion		1,677		941
Non-current portion of finance receivables	$	3,042	$	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 March 31, 2016 and June 30, 2015.

Credit Quality Indicators

As of March 31, 2016

(unaudited)

Credit risk profile based on payment activity:	March 31,		June 30,
	2016		2015
($ in thousands)	(unaudited)
Performing	$	4,671	$	4,619
Nonperforming		48		20
Total	$	4,719	$	4,639

Age Analysis of Past Due Finance Receivables

As of March 31, 2016

(unaudited)

	31 – 60		61 – 90		Greater than						Total
($ in thousands)	Days Past  Due		Days Past  Due		90 Days Past  Due		Total Past  Due		Current		Finance  Receivables
QuickStart Leases	$	30	$	3	$	15	$	48	$	4,671	$	4,719

Age Analysis of Past Due Finance Receivables

As of June 30, 2015

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