Quarterly report pursuant to Section 13 or 15(d)

Finance Receivables - Original Product (Tables)

v3.19.1
Finance Receivables - Original Product (Tables)
3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Schedule of Finance Receivables for Original Product Finance receivables for the original product as of March 31, 2019 and December 31, 2018 based on the year of funding are approximately as follows:

 

 

 

March 31, 2019

 

 

December 31, 2018 (Audited)

 

Funded during the current year

 

$

30,000

 

 

$

79,000

 

1-2 years outstanding

 

 

55,000

 

 

 

35,000

 

2-3 years outstanding

 

 

30,000

 

 

 

18,000

 

3-4 years outstanding

 

 

13,000

 

 

 

7,000

 

Greater than 4 years outstanding

 

 

375,000

 

 

 

411,000

 

 

 

 

503,000

 

 

 

550,000

 

Reserve for credit losses

 

 

(118,000

)

 

 

(125,000

)

 

 

$

385,000

 

 

$

425,000

 

Number of active units with delinquent assessments

 

 

770

 

 

 

826

 

Amount of outstanding interest and late fees on

   active units

 

$

10,685,000

 

 

$

11,268,000