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 December 31, 2019 and June 30, 2019 finance receivables consist of the following:



($ in thousands)	December 31, 2019		June 30, 2019
Finance receivables, net	$	8,232	6,727
Finance receivables due after one year, net	12,127		12,642
Total finance receivables, net of allowance of $602 and $606, respectively	$	20,359	$	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 December 31, 2019 and June 30, 2019, credit quality indicators consisted of the following:



($ in thousands)	December 31, 2019		June 30, 2019
Performing	$	20,359	$	19,369
Nonperforming	602		606
Total	$	20,961	$	19,975

An aged analysis of the Company's finance receivables as of December 31, 2019 and June 30, 2019 is as follows:



($ in thousands)	December 31, 2019		June 30, 2019
Current	$	19,708	$	19,133
30 days and under past due	71		190
31 - 60 days past due	163		49
61 - 90 days past due	140		146
Greater than 90 days past due	879		457
Total finance receivables	$	20,961	$	19,975

Cash to be collected on our finance receivables due for each of the fiscal years are as follows:



($ in thousands)
2020	$	6,846
2021	5,967
2022	5,303
2023	3,690
2024	1,876
Thereafter	313
Total amounts to be collected	23,995
Less: interest	3,034
Total finance receivables	$	20,961