Lease and Mortgage Receivables

9 Months Ended

Mar. 31, 2012

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 March 31, 2012, future lease payments, net of deferred interest ($20,391 at March 31, 2012), due under these leases was $92,153. At June 30, 2011, future lease payments, net of deferred interest ($14,100 at June 30, 2011), due under these leases was $102,709.