v3.22.2.2
Supplemental Cash Flow Information
6 Months Ended
Jun. 30, 2022
Supplemental Cash Flow Information  
Supplemental Cash Flow Information

8. Supplemental Cash Flow Information

 

No interest or principal on notes payable was paid by the Partnership during 2022 and 2021 because direct payment was made by lessee to the bank in lieu of collection of lease income and payment of interest and principal by the Partnership.

 

Other noncash activities included in the determination of net loss are as follows:

 

Six months ended June 30,

 

2022

 

 

2021

 

Lease revenue net of interest expense on notes payable realized as a result of direct payment of principal by lessee to bank

 

$37,000

 

 

$276,000

 

During the six months ended June 30, 2022 and 2021, the Partnership wrote-off fully amortized acquisition and finance fees of approximately $0 and $117,000, respectively.

 

Noncash investing and financing activities included the following:

 

Six Months ended June 30,

 

2022

 

 

2021

 

Debt assumed in connection with purchase of equipment 

 

$157,978

 

 

 

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