Quarterly report pursuant to Section 13 or 15(d)

Finance leases receivable (Tables)

v3.21.2
Finance leases receivable (Tables)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Schedule of performing net finance leases receivable

Performing net finance leases receivable consisted of the following:

 

    June 30, 2021     December 31, 2020  
Gross minimum lease payments receivable   $ 422,591     $ 477,680  
Accrued interest     1,873       2,141  
Less: unearned interest     (85,655 )     (103,870 )
Finance leases receivable     338,809       375,951  
Less current portion     (72,788 )     (69,053 )
Long term portion   $ 266,021     $ 306,898  
Schedule of minimum future payments receivable for performing finance leases receivable

At June 30, 2021, minimum future payments receivable for performing finance leases receivable were as follows:

 

12 months ending June 30,   Lease Receivable     Lease Interest  
2022   $ 73,570     $ 36,115  
2023     85,423       24,752  
2024     94,368       15,807  
2025     72,964       5,742  
2026     12,484       876  
Thereafter     -       -  
    $ 338,809     $ 83,292