Annual report [Section 13 and 15(d), not S-K Item 405]

Finance leases receivable (Tables)

v3.25.1
Finance leases receivable (Tables)
12 Months Ended
Dec. 31, 2024
Finance Leases Receivable  
Schedule of net finance leases receivable, non-performing

Net finance leases receivable, non-performing, consist of the following at December 31, 2024 and 2023:

 

    2024     2023  
Gross minimum lease payments receivable   $ 1,203,404     $ 1,203,404  
Less: unearned interest     (400,005 )     (400,005 )
Less: reserve for bad debt     (803,399 )     (803,399 )
Finance leases receivable   $ -     $ -