5. ACCOUNTS RECEIVABLE, net AND OTHER RECEIVABLES and FINANCE LOANS RECEIVABLE, net

Accounts receivable, net and other receivables


		2019			2018
Accounts receivable, trade, net	$	25,136		$	40,268
Accounts receivable, trade, gross		26,377			41,369
Allowance for doubtful accounts receivable, end of year		1,241			1,101
Beginning of year		1,101			1,255
Reversed to statement of operations		(24	)		(47	)
Charged to statement of operations		3,296			642
Utilized		(3,059	)		(776	)
Deconsolidation		(38	)		-
Foreign currency adjustment		(35	)		27
Current portion of payments to agents in South Korea amortized over the contract
period		15,543			21,971
Payments to agents in South Korea amortized over the contract period		25,107			39,553
Less: Payments to agents in South Korea amortized over the contract period
included in other long-term assets (Note 9)		9,564			17,582
Loans provided to Finbond		-			1,107
Loan provided to OneFi (Note 9)		3,000			-
Loan provided to DNI (Note 3)		4,260			-
Other receivables		24,555			30,102
Total accounts receivable, net and other receivables	$	72,494		$	93,448

Accounts receivable, trade, gross includes amounts due from customers from the provision of transaction processing services, from the sale of hardware, software licenses and SIM cards and rentals from POS equipment. The Company did not record any bad debt expense during the year ended June 30, 2019, and bad debts incurred were written off against the allowance for doubtful accounts receivable. During the year ended June 30, 2018 and 2017, the Company recorded bad debt expense of $0.1 million and $0.1 million, respectively. The loan provided to Finbond was repaid in full in June 2019. The loan provided to DNI was repaid in full in July 2019. Other receivables include prepayments, deposits and other receivables.

Finance loans receivable, net

The Company's finance loans receivable, net, as of June 30, 2019 and 2018, is presented in the table below:


		2019			2018
Microlending finance loans receivable, net	$	20,981		$	57,504
Microlending finance loans receivable, gross		24,180			61,743
Allowance for doubtful microlending finance loans receivable, end of year		3,199			4,239
Beginning of year		4,239			3,717
Charged to statement of operations		28,802			4,348
Utilized		(29,721	)		(3,588	)
Foreign currency adjustment		(121	)		(238	)
Working capital finance receivable, net		9,650			3,959
Working capital finance receivable, gross		15,742			16,123
Allowance for doubtful working capital finance receivable, end of year		6,092			12,164
Beginning of year		12,164			3,752
Charged to statement of operations		712			8,415
Utilized		(6,777	)		-
Foreign currency adjustment		(7	)		(3	)
Total finance loans receivable, net	$	30,631		$	61,463

Total finance loans receivable, net, comprises 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, net of an allowance for doubtful finance receivables for certain amounts that the Company's management has identified may be unrecoverable. During the year ended June 30, 2019, the Company recorded an increase in its allowance for doubtful microlending finance loans receivable of approximately $28.8 million. This high level of allowance related to the non-funding of accounts for a portion of the EPE customer base as a result of the auto-migration of the customer base to the South Africa Post Office account offering during the three months ended December 31, 2018. During the year ended June 30, 2019, the Company utilized $29.7 million of this allowance for doubtful microlending finance loans receivable.

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 or 2016, respectively, because these loans were written off directly against the allowance for doubtful microlending finance loans receivable. The Company created an allowance for doubtful working capital finance receivables related to receivables due from customers based in the United States during the year ended June 30, 2018, and utilized approximately $6.8 million of this allowance during the year ended June 30, 2019.