Quarterly report pursuant to Section 13 or 15(d)

Finance Receivables - Original Product (Tables)

v3.10.0.1
Finance Receivables - Original Product (Tables)
6 Months Ended
Jun. 30, 2018
Receivables [Abstract]  
Schedule of Finance Receivables for Original Product

Finance receivables for the original product based on the year of funding are approximately as follows:

 

 

 

June 30, 2018

 

 

December 31, 2017 (Audited)

 

Funded during the current year

 

$

33,000

 

 

$

118,000

 

1-2 years outstanding

 

 

64,000

 

 

 

38,000

 

2-3 years outstanding

 

 

28,000

 

 

 

12,000

 

3-4 years outstanding

 

 

9,000

 

 

 

24,000

 

Greater than 4 years outstanding

 

 

558,000

 

 

 

640,000

 

 

 

 

692,000

 

 

 

832,000

 

Reserve for credit losses

 

 

(187,000

)

 

 

(194,000

)

 

 

$

505,000

 

 

$

638,000

 

Number of active units with delinquent assessments

 

 

963

 

 

 

1,162

 

Amount of outstanding interest and late fees on

   active units

 

$

13,916,000

 

 

$

14,600,000