Annual report pursuant to Section 13 and 15(d)

Note 10 - Finance leases receivable: Schedule of Investment included in finance leases (Tables)

v3.19.1
Note 10 - Finance leases receivable: Schedule of Investment included in finance leases (Tables)
12 Months Ended
Dec. 31, 2018
Tables/Schedules  
Schedule of Investment included in finance leases

 

 

 

Partner I

 

Partner II

 

Total

Gross minimum lease payments receivable

$

1,516,985

$

581,000

$

2,097,985

Accrued interest

 

5,312

 

2,752

 

8,064

Less: unearned interest

 

(410,837)

 

(157,931)

 

(568,768)

Finance leases receivable

 

1,111,460

 

425,821

 

1,537,281

Less current portion

 

(127,644)

 

(48,083)

 

(175,727)

Long term portion

$

983,816

$

377,738

$

1,361,554