NOTE 10. OTHER NON-CURRENT ASSETS

Other non-current assets consist of the following (in thousands):

	March 31,
	2017		2016
Non-current lease receivables	$	7,476	$	1,712
Other assets		148		238
Total other non-current assets	$	7,624	$	1,950

Non-current lease receivables represent sales-type leases resulting from the sale of our products and are typically collateralized by a security interest in certain of the underlying assets. Starting in fiscal 2016, we entered into sales contracts as the lessor of instruments with end users for monthly payments of instrument and consumable purchases over a term of six years. The present value of total short-term and long-term lease receivables, including accrued interest, was $9.1 million and $2.1 million, as of March 31, 2017 and 2016, respectively. Our short-term and long-term lease receivables are recorded within “Receivables” and “Other Assets,” respectively, on our consolidated balance sheets. Interest income is recognized monthly over the lease term using the effective-interest method.

Future minimum lease payments to us on lease receivables as of March 31, 2017 is summarized as follows (in thousands):

Fiscal Year	Amount
2018	$	1,659
2019		1,736
2020		1,704
2021		1,667
2022		1,658
Thereafter		711
Total		9,135
Less: Current portion		(1,659	)
Non-current lease receivable	$	7,476