Financed Lease Receivables

12 Months Ended

Dec. 31, 2017

NOTE 2. FINANCED LEASE RECEIVABLES

The Company has entered into sales-type leases to finance certain equipment sales to customers. The lease agreements have a bargain purchase option at the end of the lease term. The minimum lease payments receivable and the net investment included in accounts receivable for such leases are as follows:

(in thousands)	December 31,
	2017			2016
Gross minimum lease payments receivable	$	2,150		$	3,252
Less – unearned interest		(201	)		(301	)
Net investment in sales type lease receivables	$	1,949		$	2,951

As of December 31, 2017, the future minimum lease payments under non-cancelable sales-type leases to be received in 2018 and thereafter are as follows:

(in thousands)
Year Ended December 31,
2018	$	1,354
2019		633
2020		163
Total minimum future lease payments	$	2,150