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FINANCE RECEIVABLES

6 Months Ended

Dec. 31, 2014

2. FINANCE RECEIVABLES

Finance Receivables consist of the following:


	December 31,		June 30,
	2014		2014
	(unaudited)

Total finance receivables	$	2,006,261	$	472,587
Less current portion		362,898		119,793
Non-current portion of finance receivables	$	1,643,363	$	352,794

As of December 31, 2014 and June 30, 2014, there was no allowance for credit losses of finance receivables. As the Company collects monthly payments of the receivables from the customers’ transaction funds, the risk of loss was determined to be remote.

Credit Quality Indicators
As of December 31, 2014
(unaudited)


Credit risk profile based on payment activity:
	Leases

Performing	$	1,999,444
Nonperforming		6,817
Total	$	2,006,261

Age Analysis of Past Due Finance Receivables
As of December 31, 2014
(unaudited)


	31 – 60		61 – 90		Greater than						Total
	Days Past		Days Past		90 Days Past		Total Past				Finance
	Due		Due		Due		Due		Current		Receivables

Leases	$	1,571	$	1,191	$	4,055	$	6,817	$	1,999,444	$	2,006,261
Total	$	1,571	$	1,191	$	4,055	$	6,817	$	1,999,444	$	2,006,261