Finance leases receivable |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Finance Leases Receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Finance leases receivable |
Note 8 – Finance leases receivable
Mentor Partner I, LLC
Net finance leases receivable from G Farma remain fully impaired at September 30, 2024 and December 31, 2023. At September 30, 2024 and December 31, 2023, Partner I recognized no finance lease revenue. See Note 16.
Net finance leases receivable, non-performing, consist of the following at September 30, 2024 and December 31, 2023:
Mentor Partner II, LLC
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. On September 27, 2022, Pueblo West exercised its lease prepayment option and purchased the manufacturing equipment for $245,369. On September 28, 2022 Partner II transferred full title to the equipment to Pueblo West. At September 30, 2024 and December 31, 2023, Partner II recognized no finance lease revenue.
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