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FINANCE RECEIVABLES
3 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
FINANCE RECEIVABLES
FINANCE RECEIVABLES
The Company's finance receivables consist of financed devices under the Quickstart program and Cantaloupe devices contractually associated with the Seed platform. Predominately all of the Company's finance receivables agreements are classified as non-cancellable 60 month sales-type leases. As of September 30, 2019 and June 30, 2019 finance receivables consist of the following:
($ in thousands)
 
September 30, 2019
(as restated)
 
June 30,
2019
Finance receivables, net
 
$
7,445

 
6,727

Finance receivables due after one year, net
 
12,379

 
12,642

Total finance receivables, net of allowance of $607 and $606, respectively
 
$
19,824

 
$
19,369


The Company routinely evaluates outstanding finance receivables for impairment based on past due balances or accounts otherwise determined to be at a higher risk of loss.  A finance receivable is classified as nonperforming if it is considered probable the Company will be unable to collect all contractual interest and principal payments as scheduled. 
At September 30, 2019 and June 30, 2019, credit quality indicators consisted of the following:
($ in thousands)
 
September 30, 2019
(as restated)
 
June 30,
2019
Performing
 
$
19,824

 
$
19,369

Nonperforming
 
607

 
606

Total
 
$
20,431

 
$
19,975


An aged analysis of the Company's finance receivables as of September 30, 2019 and June 30, 2019 is as follows:
($ in thousands)
 
September 30, 2019
(as restated)
 
June 30,
2019
Current
 
$
19,236

 
$
19,133

30 days and under past due
 
182

 
190

31 - 60 days past due
 
79

 
49

61 - 90 days past due
 
200

 
146

Greater than 90 days past due
 
734

 
457

Total finance receivables
 
$
20,431

 
$
19,975


Cash to be collected on our finance receivables due for each of the fiscal years are as follows (as restated):
($ in thousands)
 
2020
$
8,115

2021
5,735

2022
5,091

2023
3,483

2024
1,651

Thereafter
255

Total amounts to be collected
24,330

Less: interest
$
3,899

Total finance receivables
$
20,431



The June 30, 2019 finance receivables balances in the previous tables have been revised. Refer to Note 2 - Restatement and Revision of Prior Period Financial Statements.