Quarterly report pursuant to Section 13 or 15(d)

Finance leases receivable (Tables)

v3.22.1
Finance leases receivable (Tables)
3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Schedule of net finance leases receivable, non-performing

Performing net finance leases receivable consisted of the following:

 

    March 31, 2022     December 31, 2021  
Gross minimum lease payments receivable   $ 339,961     $ 367,505  
Accrued interest     1,687       1,783  
Less: unearned interest     (54,660 )     (62,638 )
Finance leases receivable     286,988       306,650  
Less current portion     (78,776 )     (76,727 )
Long term portion   $ 208,212     $ 229,923  
Schedule of minimum future payments receivable for performing finance leases receivable

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

 

12 months ending March 31,   Lease Receivable     Lease Interest  
2022   $ 78,776     $ 26,852  
2023     89,219       18,127  
2024     97,161       8,346  
2025     20,513       1,295  
2026     1,319       40  
Thereafter     -       -  
    $ 286,988     $ 54,660