Leases and Mortgage Receivables

3 Months Ended

Sep. 30, 2012

Leases 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 September 30, 2012, future lease payments, (net of deferred interest of $16,687 at September 30, 2012), due under these leases was $62,666. At June 30 2012, future lease payments, (net of deferred interest of $18,694 at June 30, 2012), due under these leases was $71,396.