Quarterly report pursuant to Section 13 or 15(d)

Finance Receivables - Original Product (Tables)

v3.19.2
Finance Receivables - Original Product (Tables)
6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Schedule of Finance Receivables for Original Product Finance receivables for the original product as of June 30, 2019 and December 31, 2018 based on the year of funding are approximately as follows:

 

 

June 30, 2019

 

 

December 31, 2018 (Audited)

 

Funded during the current year

 

$

30,000

 

 

$

79,000

 

1-2 years outstanding

 

 

35,000

 

 

 

35,000

 

2-3 years outstanding

 

 

27,000

 

 

 

18,000

 

3-4 years outstanding

 

 

13,000

 

 

 

7,000

 

Greater than 4 years outstanding

 

 

338,000

 

 

 

411,000

 

 

 

 

443,000

 

 

 

550,000

 

Reserve for credit losses

 

 

(113,000

)

 

 

(125,000

)

 

 

$

330,000

 

 

$

425,000

 

Number of active units with delinquent assessments

 

 

692

 

 

 

826

 

Amount of outstanding interest and late fees on

   active units

 

$

10,408,000

 

 

$

11,268,000