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FINANCE RECEIVABLES | 6 Months Ended
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Dec. 31, 2019
Receivables [Abstract] |
FINANCE RECEIVABLES | FINANCE RECEIVABLES The Company's finance receivables consist of financed devices under the Quickstart program and Cantaloupe devices contractually associated with the Seed platform. Predominately all of the Company's finance receivables agreements are classified as non-cancellable 60 month sales-type leases. As of December 31, 2019 and June 30, 2019 finance receivables consist of the following:
($ in thousands) |  | December 31, 2019 |  | June 30, 2019
Finance receivables, net |  | $ | 8,232 |  |  | 6,727 |
Finance receivables due after one year, net |  | 12,127 |  |  | 12,642 |
Total finance receivables, net of allowance of $602 and $606, respectively |  | $ | 20,359 |  |  | $ | 19,369 |
The Company routinely evaluates outstanding finance receivables for impairment based on past due balances or accounts otherwise determined to be at a higher risk of loss. A finance receivable is classified as nonperforming if it is considered probable the Company will be unable to collect all contractual interest and principal payments as scheduled. At December 31, 2019 and June 30, 2019, credit quality indicators consisted of the following:
($ in thousands) |  | December 31, 2019 |  | June 30, 2019
Performing |  | $ | 20,359 |  |  | $ | 19,369 |
Nonperforming |  | 602 |  |  | 606 |
Total |  | $ | 20,961 |  |  | $ | 19,975 |
An aged analysis of the Company's finance receivables as of December 31, 2019 and June 30, 2019 is as follows:
($ in thousands) |  | December 31, 2019 |  | June 30, 2019
Current |  | $ | 19,708 |  |  | $ | 19,133 |
30 days and under past due |  | 71 |  |  | 190 |
31 - 60 days past due |  | 163 |  |  | 49 |
61 - 90 days past due |  | 140 |  |  | 146 |
Greater than 90 days past due |  | 879 |  |  | 457 |
Total finance receivables |  | $ | 20,961 |  |  | $ | 19,975 |
Cash to be collected on our finance receivables due for each of the fiscal years are as follows:
($ in thousands) |
2020 | $ | 6,846 |
2021 | 5,967 |
2022 | 5,303 |
2023 | 3,690 |
2024 | 1,876 |
Thereafter | 313 |
Total amounts to be collected | 23,995 |
Less: interest | 3,034 |
Total finance receivables | $ | 20,961 |

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- Definition The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2196816 + Details
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- References No definition available. + Details
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