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
|
|
|