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Equipment Financing Receivables and Allowance for Credit Losses (Tables)
9 Months Ended
Sep. 30, 2023
Equipment Financing Receivables and Allowance for Credit Losses  
Schedule of financing receivables

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Gross equipment financing receivables

 

$3,746

 

 

$2,666

 

Less: unearned income

 

 

(1,103)

 

 

(776)

Less: allowance for credit losses

 

 

(161)

 

 

-

 

Equipment financing receivables, net

 

$2,482

 

 

$1,890

 

 

 

 

 

 

 

 

 

 

Current equipment financing receivables, net

 

$812

 

 

$635

 

Long-term equipment financing  receivables, net

 

 

1,670

 

 

 

1,255

 

Equipment financing receivables, net

 

$2,482

 

 

$1,890

 

Schedule of financing receivables future contractual maturities

Year ending December 31,

 

 

 

2023 remaining

 

$358

 

2024

 

 

1,287

 

2025

 

 

965

 

2026

 

 

626

 

2027

 

 

410

 

2028 and thereafter

 

 

100

 

Total

 

$3,746

 

Schedule of financing receivables Allowance for Credit Losses

Balance at December 31, 2022

 

$-

 

Cumulative effect of accounting change

 

 

112

 

Provision

 

 

19

 

Write-offs

 

 

(4)

Recoveries and other

 

 

-

 

Balance at March 31, 2023

 

$127

 

Provision

 

 

23

 

Write-offs

 

 

(5)

Recoveries and other

 

 

-

 

Balance at June 30, 2023

 

$145

 

Provision

 

 

23

 

Write-offs

 

 

(7)

Recoveries and other

 

 

-

 

Balance at September 30, 2023

 

$161

 

Schedule of Aging of Receivables

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Past due amounts 0 - 90 days

 

$2,480

 

 

$1,888

 

Past due amounts > 90 days

 

 

2

 

 

 

2

 

Total

 

$2,482

 

 

$1,890

 

Schedule of financing receivables and current period gross write offs

 

 

September 30, 2023

 

 

December 31, 2022

 

 

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

2019

 

 

Prior

 

 

Total Equipment Financing Receivables

 

 

Total Equipment Financing Receivables

 

United States

 

$1,261

 

 

 

849

 

 

 

247

 

 

 

200

 

 

 

85

 

 

 

1

 

 

$2,643

 

 

$1,890

 

Current period gross write offs

 

$7

 

 

 

5

 

 

 

1

 

 

 

2

 

 

 

1

 

 

 

-

 

 

$16

 

 

$20