Finance leases receivable |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Leases [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Finance leases receivable |
Note 8 – Finance leases receivable
Partner I
Net finance leases receivable from G Farma remain fully impaired at September 30, 2023 and December 31, 2022. Finance lease revenue recognized on Partner I finance leases at September 30, 2023 and December 31, 2022 was $0 and $0, respectively. See Note 18.
Net finance leases receivable, non-performing, consists of the following at September 30, 2023 and December 31, 2022:
Partner II
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. On September 27, 2022, Pueblo West exercised its lease prepayment option and purchased the manufacturing equipment for $245,369. On September 28, 2022 Partner II transferred full title to the equipment to Pueblo West. At September 30, 2023 and December 31, 2022, Partner II recognized finance revenue of $0 and $37,659, respectively.
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