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 six months ended June 30, 2022 and 2021. At June 30, 2022, all Partner II leased equipment under finance leases receivable is located in Colorado.
Performing net finance leases receivable consisted of the following:
Finance lease revenue recognized on Partner II finance leases for the three months ended June 30, 2022 and 2021 was $8,473 and $10,330, respectively. Interest income recognized on Partner II finance leases for the six months ended June 30, 2022 and 2021 was $17,491and $21,200, respectively.
At June 30, 2022, minimum future payments receivable for performing finance leases receivable were as follows:
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