Note 7 – Finance leases receivable

Partner II entered into a Master Equipment Lease Agreement with Pueblo West, dated February 11, 2018, amended November 28, 2018 and March 12, 2019. Partner II acquired and delivered manufacturing equipment as selected by Pueblo West under sales-type finance leases. Partner II did not record any sales revenue for the three months ended March 31, 2022 and 2021. At March 31, 2022, all Partner II leased equipment under finance leases receivable is located in Colorado.

Performing net finance leases receivable consisted of the following:

 Schedule of net finance leases receivable, non-performing

Interest income recognized on Partner II finance leases for the three months ended March 31, 2022 and 2021 was $9,018 and $10,956, respectively.

At March 31, 2022, minimum future payments receivable for performing finance leases receivable were as follows:

 Schedule of minimum future payments receivable for performing finance leases receivable