Leases and Mortgage Receivables

9 Months Ended

Mar. 31, 2014

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 March 31, 2014, future lease payments, net of deferred interest ($6,151 at March 31, 2014), due under these leases was $33,534. At June 30, 2013, future lease payments, net of deferred interest ($12,491 at June 30, 2013), due under these leases was $80,288.