Lease and Mortgage Receivables

6 Months Ended

Dec. 31, 2011

Lease And Mortgage Receivables

Lease and Mortgage Receivables

Note (3) - Lease and Mortgage Receivables: Lease and mortgage receivables result from customer leases of equipment under arrangements which qualify as sales type leases. At December 31, 2011, future lease payments, net of deferred interest ($7,668 at December 31, 2011), due under these leases was $62,525. At June 30, 2011, future lease payments, net of deferred interest ($14,100 at June 30, 2011), due under these leases was $102,709.