Quarterly report pursuant to Section 13 or 15(d)

Finance Receivables - Original Product (Tables)

v3.21.1
Finance Receivables - Original Product (Tables)
3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Finance Receivables – Original Product Finance receivables for the original product as of March 31, 2021 and December 31, 2020 based on the year of funding are approximately as follows:

 

 

March 31, 2021

 

 

December 31,

2020 (Audited)

 

Funded during the current year

 

$

13,000

 

 

$

25,000

 

1-2 years outstanding

 

 

13,000

 

 

 

12,000

 

2-3 years outstanding

 

 

9,000

 

 

 

9,000

 

3-4 years outstanding

 

 

6,000

 

 

 

12,000

 

Greater than 4 years outstanding

 

 

185,000

 

 

 

200,000

 

 

 

 

226,000

 

 

 

258,000

 

Reserve for credit losses

 

 

(125,000

)

 

 

(142,000

)

 

 

$

101,000

 

 

$

116,000