Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Mr. Isaac Schwartz with [Riboti] & Company.
Isaac Schwartz - Riboti & Company
I was just wondering how much total investment you’ve made in the consumer finance, the consumer receivables business.
Stephen R. Brown
Again, I’ll refer to these numbers in the report -- to date, we’ve invested $148 million. The -- obviously as we collect, based on the expected rate of -- the expected ROI or the expected curve, we write down a certain portion of what we collect to get the inventory, so out of that $148 million, 31 has been impaired and the remaining amount to get you to $62 million has been collected on. So we are sitting today with $62 million of remaining portfolio that we are collecting on.
Isaac Schwartz - Riboti & Company
Okay, so the total -- and what’s the time period? When did you -- what’s the time period over which you made the investments?
Stephen R. Brown
Pretty much a three-year period.
Isaac Schwartz - Riboti & Company
Over three years, the gross dollar amount that you invested was $148 million, you impaired 31, you collected and you have $62 million net on the balance sheet?
Stephen R. Brown
That’s correct.
Isaac Schwartz - Riboti & Company
Okay, thanks.
Operator
Thank you. Our next question comes from Mr. Mark [Lunder] with [Lunder] Capital.
Mark Lunder - Lunder Capital
Good afternoon. I had a question, Jim -- previous call, you had mentioned that employees would not be -- you would not be giving them a lower strike price on their options. Does the stock in lieu of cash compensation plan apply to any other employees, consultants, or service providers of IDT?
James A. Courter
No, it doesn’t. It’s Howard Jonas’ five years and myself until the end of my contract.
Mark Lunder - Lunder Capital
Right, so it doesn’t apply to anybody else then?
James A. Courter
No, I mean, if people want to step forward, I suppose we’d entertain them but we didn’t really think about it and didn’t ask.
Mark Lunder - Lunder Capital
Right. Could you help me understand a little bit, Howard, as far as your thought process on this -- you say the stock is absurdly low. You had --
Stephen R. Brown
Well, I just want to correct you -- Howard is not on this call. It’s just Jim, myself, and
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