Note 11 - Deposits on manufacturing equipment purchases

At March 31, 2019 and December 31, 2018, Partner I had deposits with manufacturing equipment suppliers in the amount of $62,060 and $43,908, respectively, for equipment that will be leased by the G Farma entities in California once the equipment is delivered. The deposit at March 31, 2019 represents full payment for equipment not yet delivered. Because this relates to our commitment to provide equipment under the G Farma finance lease agreements, we have considered this equipment deposit in our analysis of the estimated bad debt reserve for the G-Farma finance leases receivable at March 31, 2019.