Quarterly report pursuant to Section 13 or 15(d)

Finance leases receivable (Tables)

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

Performing net finance leases receivable consisted of the following:

 

 Schedule of performing net finance leases receivable

    September 30, 2021     December 31, 2020  
Gross minimum lease payments receivable   $ 394,986     $ 477,680  
Accrued interest     1,849       2,141  
Less: unearned interest     (77,226 )     (103,870 )
Finance leases receivable     319,609       375,951  
Less current portion     (72,789 )     (69,053 )
Long term portion   $ 246,820     $ 306,898  
Schedule of minimum future payments receivable for performing finance leases receivable

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

 

 Schedule of minimum future payments receivable for performing finance leases receivable

12 months ending September 30,   Lease Receivable     Lease Interest  
2022   $ 79,275     $ 32,163  
2023     87,577       20,595  
2024     96,747       11,425  
2025     51,486       2,662  
2026     8,804       336  
Thereafter     -       -  
    $ 323,889     $ 67,181