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

Accounts receivable, net

		2018			2017
Accounts receivable, trade, net	$	49,365		$	53,818
Accounts receivable, trade, gross		50,466			55,073
Allowance for doubtful accounts receivable, end of year		1,101			1,255
Beginning of year		1,255			1,669
Acquired in acquisition		-			10
Reversed to statement of operations		(47	)		(42	)
Charged to statement of operations		642			672
Utilized		(776	)		(1,200	)
Foreign currency adjustment		27			146
Current portion of payments to agents in South Korea amortized over the contract
period		21,971			22,562
Payments to agents in South Korea amortized over the contract period		39,554			39,852
Less: Payments to agents in South Korea amortized over the contract period
included in other long-term assets (Note 9)		17,582			17,290
Loans provided to Finbond (Note 9)		1,107			11,920
Other receivables		37,240			23,129
Total accounts receivable, net	$	109,683		$	111,429

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. During the year ended June 30, 2018, 2017 and 2016, the Company recorded bad debt expense of $0.1 million, $0.1 million and $1.2 million, respectively.

Finance loans receivable, net

The Company's finance loans receivable, net, as of June 30, 2018 and 2017, is presented in the table below:

		2018			2017
Microlending finance loans receivable, net	$	57,504		$	50,994
Microlending finance loans receivable, gross		61,743			54,711
Allowance for doubtful microlending finance loans receivable, end of year		4,239			3,717
Beginning of year		3,717			4,494
Reversed to statement of operations		-			(55	)
Charged to statement of operations		4,348			-
Utilized		(3,588	)		(1,260	)
Foreign currency adjustment		(238	)		538
Working capital finance receivable, net		3,959			29,183
Working capital finance receivable, gross		16,123			32,935
Allowance for doubtful working capital finance receivable, end of year		12,164			3,752
Beginning of year		3,752			-
Charged to statement of operations		8,415			3,752
Utilized		-			-
Foreign currency adjustment		(3	)		-
Current portion of other finance loans receivable		742			-
Total other finance loans receivable		13,025			-
Less included in other long-term assets (Note 9)		12,283			-
Total finance loans receivable, net	$	62,205		$	80,177

Finance loans receivable, net, comprising microlending finance loans receivable related to the Company's microlending operations in South Africa, its working capital finance receivable related to its working capital financing offering in Korea, and as of June 30, 2017, its European and the United States working capital offering, and, as of June 30, 2018, other finance loans receivable related to funding provided to Cell C in South Africa to be used to fund the construction of mobile telephony network infrastructure.

During the year ended June 30, 2018, the Company exited its working capital finance businesses in Europe and the United States. The Company did not expense any unrecoverable microlending finance loans receivable during the year ended June 30, 2018, 2017, and 2016, respectively, because these loans were written off directly against the allowance for doubtful microlending finance loans receivable. The Company has created an allowance for doubtful working capital finance receivables related to receivables due from customers based in the United States.