Financed Lease Receivables

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

Financed Lease Receivables

NOTE 3. 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,
	2018			2017
Gross minimum lease payments receivable	$	2,419		$	2,150
Less – unearned interest		(249	)		(201	)
Net investment in sales type lease receivables	$	2,170		$	1,949

As of December 31, 2018, the future minimum lease payments under non-cancelable sales-type leases to be received in 2019 and thereafter are as follows:

(in thousands)
Year Ended December 31,
2019	$	1,765
2020		419
2021		157
2022		78
Total minimum future lease payments	$	2,419