FINANCE RECEIVABLES

3 Months Ended

Sep. 30, 2016

Receivables [Abstract]

FINANCE RECEIVABLES

4. FINANCE RECEIVABLES

Finance receivables consist of the following:

	September 30,		June 30,
($ in thousands)	2016		2016
	(unaudited)
Total finance receivables	$	7,311	$	7,306
Less current portion		3,349		3,588
Non-current portion of finance receivables	$	3,962	$	3,718

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 generally 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, 2016 and June 30, 2016.

Credit Quality Indicators

Credit risk profile based on payment activity:	September 30,		June 30,
	2016		2016
($ in thousands)	(unaudited)
Performing	$	7,254	$	7,174
Nonperforming		57		132
Total	$	7,311	$	7,306

Age Analysis of Past Due Finance Receivables

As of September 30, 2016

	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	$	2	$	10	$	45	$	57	$	7,254	$	7,311

Age Analysis of Past Due Finance Receivables

As of June 30, 2016

	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	$	98	$	31	$	3	$	132	$	7,174	$	7,306