Lessor

9 Months Ended

Sep. 30, 2023

Leases [Abstract]

Lessor

Lessor

Revenue from sales-type leases is presented on a gross basis when the Company enters into a lease to realize value from a product that it would otherwise sell in its ordinary course of business, whereas in transactions where the Company enters into a lease for the purpose of generating revenue by providing financing, the profit or loss, if any, is presented on a net basis. In addition, we have elected to account for sales tax and other similar taxes collected from a lessee as lessee costs and therefore we exclude these costs from contract consideration and variable consideration and present revenue net of these costs.

The components of lease income are as follows:

		Three Months Ended September 30,				Nine Months Ended September 30,
	Location in Statements of Income (Loss)	2023		2022		2023		2022
Revenue from sales type leases	Sales	$	216	$	146	$	691	$	425
Interest income on lease receivables	Financing	46		51		147		156
Lease income - operating leases	Services, maintenance and rentals	40		40		120		132
Variable lease income	Services, maintenance and rentals	9		16		42		47
Total Lease income		$	311	$	253	$	1,000	$	760

Profit at lease commencement on sales-type leases was estimated to be $79 and $39 for the three months ended September 30, 2023 and 2022, respectively, and $247 and $127 for the nine months ended September 30, 2023 and 2022, respectively.

Lessor

Lessor

Revenue from sales-type leases is presented on a gross basis when the Company enters into a lease to realize value from a product that it would otherwise sell in its ordinary course of business, whereas in transactions where the Company enters into a lease for the purpose of generating revenue by providing financing, the profit or loss, if any, is presented on a net basis. In addition, we have elected to account for sales tax and other similar taxes collected from a lessee as lessee costs and therefore we exclude these costs from contract consideration and variable consideration and present revenue net of these costs.

The components of lease income are as follows:

		Three Months Ended September 30,				Nine Months Ended September 30,
	Location in Statements of Income (Loss)	2023		2022		2023		2022
Revenue from sales type leases	Sales	$	216	$	146	$	691	$	425
Interest income on lease receivables	Financing	46		51		147		156
Lease income - operating leases	Services, maintenance and rentals	40		40		120		132
Variable lease income	Services, maintenance and rentals	9		16		42		47
Total Lease income		$	311	$	253	$	1,000	$	760

Profit at lease commencement on sales-type leases was estimated to be $79 and $39 for the three months ended September 30, 2023 and 2022, respectively, and $247 and $127 for the nine months ended September 30, 2023 and 2022, respectively.