v3.25.2
Finance leases receivable
6 Months Ended
Jun. 30, 2025
Finance Leases Receivable  
Finance leases receivable

Note 8 – Finance leases receivable

 

Net finance leases receivable from G Farma payable to Mentor Partner I, LLC (“Partner I”) remain fully impaired at June 30, 2025 and December 31, 2024. At June 30, 2025 and December 31, 2024, Partner I recognized no finance lease revenue. See Note 16.

 

Net finance leases receivable, non-performing, consist of the following at June 30, 2025 and December 31, 2024:

   

   June 30,
2025
   December 31,
2024
 
Gross minimum lease payments receivable  $1,203,404   $1,203,404 
Accrued interest   -    - 
Less: unearned interest   (400,005)   (400,005)
Less: reserve for bad debt   (803,399)   (803,399)
Finance leases receivable  $-   $-