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FINANCE RECEIVABLES | 9 Months Ended
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Mar. 31, 2020
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 March 31, 2020 and June 30, 2019 finance receivables consist of the following:
($ in thousands) |  | March 31, 2020 |  | June 30, 2019
Current finance receivables, net |  | $ | 7,941 |  |  | 6,727 |
Finance receivables due after one year, net |  | 11,541 |  |  | 12,642 |
Total finance receivables, net of allowance of $702 and $606, respectively |  | $ | 19,482 |  |  | $ | 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 March 31, 2020 and June 30, 2019, credit quality indicators consisted of the following:
($ in thousands) |  | March 31, 2020 |  | June 30, 2019
Performing |  | $ | 19,482 |  |  | $ | 19,369 |
Nonperforming |  | 702 |  |  | 606 |
Total |  | $ | 20,184 |  |  | $ | 19,975 |
As part of the financing under the Quickstart program and Cantaloupe devices contractually associated with the Seed platform, the Company has contractually granted deferred payment terms, where the entire sequence of up to 60 monthly payments are deferred by an agreed upon period. The “Deferred Payment Arrangements / Timing” column represents amounts subject to the agreed upon deferral period or amounts subject to adjustments related to situations where a third party is financing the receivable. The “Other Finance Receivables” column represents an aging schedule for finance receivables not subject to such deferral arrangements and other non-performing receivables.
|  | March 31, 2020 |  | June 30, 2019
($ in thousands) |  | Deferred Payment Arrangements / Timing |  | Other Finance Receivables |  | Total |  | Total
Current |  | $ | 18,367 |  |  | $ | 353 |  |  | $ | 18,720 |  |  | $ | 19,133 |
0-30 days |  | 37 |  |  | 103 |  |  | 140 |  |  | 190 |
31-60 days |  | 193 |  |  | 44 |  |  | 237 |  |  | 49 |
61-90 days |  | 34 |  |  | 36 |  |  | 70 |  |  | 146 |
Greater than 91 days |  | 513 |  |  | 504 |  |  | 1,017 |  |  | 457 |
Total finance receivables (gross) |  | $ | 19,144 |  |  | $ | 1,040 |  |  | $ | 20,184 |  |  | $ | 19,975 |
Cash to be collected on our performing finance receivables due for each of the fiscal years are as follows:
($ in thousands) |
2020 | $ | 4,977 |
2021 | 6,159 |
2022 | 5,513 |
2023 | 3,908 |
2024 | 1,957 |
Thereafter | 79 |
Total amounts to be collected | 22,593 |
Less: interest | (2,409 | )
Less: allowance for nonperforming receivables | (702 | )
Total finance receivables | $ | 19,482 |

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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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