Note 10 – Deposits on manufacturing equipment purchases

At June 30, 2019 and December 31, 2018, Partner I had deposits with manufacturing equipment suppliers in the amount of $45,384 and $43,908, respectively, for equipment that was to be leased by the G Farma entities in California once the equipment was delivered. The deposit at June 30, 2019 represents full payment for equipment not yet delivered and we are in the process of locating another buyer for the equipment. Because this related 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 June 30, 2019.