Schedule of Finance Receivables |
As of September 30, 2022 and June 30, 2022, finance receivables consist of the following: | | | | | | | | | | | | | | | ($ in thousands) | | September 30, 2022 | | June 30, 2022 | Current finance receivables, net | | $ | 6,594 | | | $ | 6,721 | | Finance receivables due after one year, net | | 14,809 | | | 14,727 | | Total finance receivables, net of allowance of $1,152 and $760, respectively | | $ | 21,403 | | | $ | 21,448 | |
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Schedule of Credit Quality Indicators |
At September 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Leases by Origination | ($ in thousands) | | Up to 1 Year Ago | | Between 1 and 2 Years Ago | | Between 2 and 3 Years Ago | | Between 3 and 4 Years Ago | | Between 4 and 5 Years Ago | | More than 5 Years Ago | | Total | Current | | $ | 9,011 | | | $ | 4,985 | | | $ | 1,780 | | | $ | 2,611 | | | $ | 2,798 | | | $ | 14 | | | $ | 21,199 | | 30 days and under | | 37 | | | 29 | | | 37 | | | 36 | | | 16 | | | — | | | 155 | | 31-60 days | | 18 | | | 21 | | | 32 | | | 26 | | | 92 | | | — | | | 189 | | 61-90 days | | 9 | | | 24 | | | 32 | | | 26 | | | 95 | | | — | | | 186 | | Greater than 90 days | | 4 | | | 67 | | | 174 | | | 345 | | | 233 | | | 3 | | | 826 | | Total finance receivables | | $ | 9,079 | | | $ | 5,126 | | | $ | 2,055 | | | $ | 3,044 | | | $ | 3,234 | | | $ | 17 | | | $ | 22,555 | |
At June 30, 2022, the gross lease receivable by current payment performance on a contractual basis and year of origination consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Leases by Origination | ($ in thousands) | | Up to 1 Year Ago | | Between 1 and 2 Years Ago | | Between 2 and 3 Years Ago | | Between 3 and 4 Years Ago | | Between 4 and 5 Years Ago | | More than 5 Years Ago | | Total | Current | | $ | 7,451 | | | $ | 5,047 | | | $ | 2,758 | | | $ | 2,593 | | | $ | 2,807 | | | $ | 103 | | | $ | 20,759 | | 30 days and under | | 18 | | | 10 | | | 32 | | | 56 | | | 94 | | | 3 | | | 213 | | 31-60 days | | 25 | | | 23 | | | 26 | | | 58 | | | 100 | | | — | | | 232 | | 61-90 days | | 25 | | | 14 | | | 20 | | | 46 | | | 91 | | | — | | | 196 | | Greater than 90 days | | 41 | | | 47 | | | 97 | | | 232 | | | 391 | | | — | | | 808 | | Total finance receivables | | $ | 7,560 | | | $ | 5,141 | | | $ | 2,933 | | | $ | 2,985 | | | $ | 3,483 | | | $ | 106 | | | $ | 22,208 | |
At September 30, 2022, credit quality indicators by year of origination consisted of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Leases by Origination | ($ in thousands) | | Up to 1 Year Ago | | Between 1 and 2 Years Ago | | Between 2 and 3 Years Ago | | Between 3 and 4 Years Ago | | Between 4 and 5 Years Ago | | More than 5 Years Ago | | Total | High ratio customers | | $ | 9,075 | | | $ | 4,823 | | | $ | 1,729 | | | $ | 2,554 | | | $ | 2,867 | | | $ | 10 | | | $ | 21,058 | | Low ratio customers | | 4 | | | 303 | | | 326 | | | 490 | | | 367 | | | 7 | | | 1,497 | | Total finance receivables | | $ | 9,079 | | | $ | 5,126 | | | $ | 2,055 | | | $ | 3,044 | | | $ | 3,234 | | | $ | 17 | | | $ | 22,555 | |
At June 30, 2022, credit quality indicators by year of origination consisted of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Leases by Origination | ($ in thousands) | | Up to 1 Year Ago | | Between 1 and 2 Years Ago | | Between 2 and 3 Years Ago | | Between 3 and 4 Years Ago | | Between 4 and 5 Years Ago | | More than 5 Years Ago | | Total | High ratio customers | | $ | 7,498 | | | $ | 4,853 | | | $ | 2,688 | | | $ | 2,623 | | | $ | 2,950 | | | $ | 102 | | | $ | 20,714 | | Low ratio customers | | 62 | | | 288 | | | 245 | | | 362 | | | 533 | | | 4 | | | 1,494 | | Total finance receivables | | $ | 7,560 | | | $ | 5,141 | | | $ | 2,933 | | | $ | 2,985 | | | $ | 3,483 | | | $ | 106 | | | $ | 22,208 | |
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Schedule of Cash To Be Collected On Performing Financing Receivable |
Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows: | | | | | | ($ in thousands) | | 2023 | $ | 5,817 | | 2024 | 7,106 | | 2025 | 5,353 | | 2026 | 3,933 | | 2027 | 2,140 | | Thereafter | 462 | | Total amounts to be collected | 24,811 | | Less: interest | (2,256) | | Less: allowance for receivables | (1,152) | | Total finance receivables | $ | 21,403 | |
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