Finance Receivables - Original Product

9 Months Ended

Sep. 30, 2021

Original Product [Member]

Finance Receivables – Original Product

Note 2. Finance Receivables – Original Product

The Company’s original funding product provides financing to community associations only up to the secured or “Super Lien Amount” as discussed in Note 1.  Finance receivables for the original product as of September 30, 2021 and December 31, 2020 based on the year of funding are approximately as follows:

	September 30, 2021			December 31, 2020 (Audited)
Funded during the current year	$	16,000		$	25,000
1-2 years outstanding		6,000			12,000
2-3 years outstanding		4,000			9,000
3-4 years outstanding		5,000			12,000
Greater than 4 years outstanding		137,000			200,000
		168,000			258,000
Reserve for credit losses		(90,000	)		(142,000	)
	$	78,000		$	116,000