Finance Leases Receivable

6 Months Ended

Jun. 30, 2017

Finance Leases Receivable [Abstract]

Finance Leases Receivable

2.Finance Leases Receivable

At June 30, 2017 and December 31, 2016, the net investment included in sales-type finance leases and direct financing leases receivable were as follows:

	June 30, 2017			December 31, 2016
Gross minimum lease payments receivable	$	29,607,600		$	20,829,200
Less unearned interest		(4,327,200	)		(3,360,900	)
Finance leases receivable	$	25,280,400		$	17,468,300

As of June 30, 2017, minimum future payments receivable under finance leases were as follows:

Years ending
Remainder of 2017	$	2,983,800
2018		5,811,600
2019		7,087,600
2020		5,036,600
2021		5,381,000
Thereafter		3,307,000
	$	29,607,600