Finance leases receivable
|6 Months Ended|
Jun. 30, 2021
|Finance leases receivable||
Note 8 – 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 six months ended June 30, 2021 and 2020. At June 30, 2021, all Partner II leased equipment under finance leases receivable is located in Colorado.
Performing net finance leases receivable consisted of the following:
Schedule of performing net finance leases receivable
Interest income recognized on Partner II finance leases for the three months ended June 30, 2021 and 2020 was $10,330 and $12,028 respectively. Interest income recognized on Partner II finance leases for the six months ended June 30, 2021 and 2020 was $21,200 and $24,242, respectively.
At June 30, 2021, minimum future payments receivable for performing finance leases receivable were as follows:
Schedule of minimum future payments receivable for performing finance leases receivable
No definition available.
The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef