Note 9 - Finance leases receivable: Schedule of Investment included in finance leases (Tables)

6 Months Ended

Jun. 30, 2019

Tables/Schedules

Schedule of Investment included in finance leases

		Partner I Non-performing		Partner II Performing		Total
Gross minimum lease payments receivable	$	1,455,685	$	642,942	$	2,098,627
Accrued interest		-		2,487		2,487
Less: unearned interest		(400,005)		(168,639)		(568,644)
Less: reserve for bad debt		(752,148)		-		(752,148)
Finance leases receivable		303,532		476,790		780,322
Less current portion		(303,532)		(58,955)		(362,487)
Long term portion	$	-	$	417,835	$	417,835

The net investment included in finance leases at December 31, 2018, all of which were classified as performing, are as follows:

		Partner I		Partner II		Total
Gross minimum lease payments receivable	$	1,516,985	$	581,000	$	2,097,985
Accrued interest		5,312		2,752		8,064
Less: unearned interest		(410,837)		(157,931)		(568,768)
Finance leases receivable		1,111,460		425,821		1,537,281
Less current portion		(127,644)		(48,083)		(175,727)
Long term portion	$	983,816	$	377,738	$	1,361,554