Accounts Receivable, Net And Finance Loans Receivable, Net

12 Months Ended

Jun. 30, 2015

Accounts Receivable, Net And Finance Loans Receivable, Net [Abstract]

Accounts Receivable, Net And Finance Loans Receivable, Net

5. ACCOUNTS RECEIVABLE, net and FINANCE LOANS RECEIVABLE, net

Accounts receivable, net

		2015			2014
Accounts receivable, trade, net	$	48,951		$	64,885
Accounts receivable, trade, gross		50,907			66,198
Allowance for doubtful accounts receivable, end of year		1,956			1,313
Beginning of year		1,313			4,701
Deconsolidation		-			(32	)
Reversed to statement of operations		(61	)		(1,455	)
Charged to statement of operations		1,580			714
Utilized		(654	)		(2,451	)
Foreign currency adjustment		(222	)		(164	)
Cash payments to agents in South Korea that are amortized over the contract
period		53,431			46,591
Other receivables		46,386			36,591
Total accounts receivable, net	$	148,768		$	148,067

Receivables from customers renting POS equipment from the Company are included in accounts receivable, trade, and are stated net of an allowance for certain amounts that the Company's management has identified may be unrecoverable. Accounts receivable, trade, also includes amounts due from customers from the sale of hardware, software licenses and SIM cards and provision of transaction processing services. The Company did not record a bad debt expense during the year ended June 30, 2015. During the year ended June 30, 2014 and 2013, respectively, the Company recorded a bad debt expense of $0.6 million and $0.4 million.


Finance loans receivable, net

		2015			2014
Finance loans receivable, gross	$	44,600		$	56,207
Allowance for doubtful finance loans receivable, end of year		4,227			3,083
Beginning of year		3,083			-
Charged to statement of operations		3,392			3,652
Utilized		(1,705	)		(513	)
Foreign currency adjustment		(543	)		(56	)
Total finance loans receivable, net	$	40,373		$	53,124

The Company did not expense any unrecoverable finance loans receivable during the year ended June 30, 2015 and 2014, respectively, because these loans were written off directly against the allowance for doubtful finance loans receivable. The Company recorded an unrecoverable finance loans receivable expense of $0.2 million during the year ended June 30, 2013.