Quarterly report [Sections 13 or 15(d)]

Finance leases receivable

v3.25.3
Finance leases receivable
9 Months Ended
Sep. 30, 2025
Finance Leases Receivable  
Finance leases receivable

Note 8 – Finance leases receivable

 

Net finance leases receivable from G Farma payable to Mentor Partner I, LLC (“Partner I”) remain fully impaired at September 30, 2025 and December 31, 2024. At September 30, 2025 and December 31, 2024, Partner I recognized no finance lease revenue. See Note 16.

 

Net finance leases receivable, non-performing, consist of the following at September 30, 2025 and December 31, 2024:

  

    September 30,
2025
    December 31,
2024
 
Gross minimum lease payments receivable   $ 1,203,404     $ 1,203,404  
Accrued interest     -       -  
Less: unearned interest     (400,005 )     (400,005 )
Less: reserve for bad debt     (803,399 )     (803,399 )
Finance leases receivable   $ -     $ -