Finance leases receivable |
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| 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 nine months ended September 30, 2021 and 2020. At September 30, 2021, all Partner II leased equipment under finance leases receivable is located in Colorado.
Performing net finance leases receivable consisted of the following:
Interest income recognized on Partner II finance leases for the three months ended September 30, 2021 and 2020 was $9,957 and $11,730 respectively. Interest income recognized on Partner II finance leases for the nine months ended September 30, 2021 and 2020 was $31,176 and $36,297, respectively.
At September 30, 2021, minimum future payments receivable for performing finance leases receivable were as follows:
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