| FINANCE LEASE RECEIVABLES |
NOTE
5 — FINANCE LEASE RECEIVABLES
As
of June 30, 2025 and December 31, 2024, finance lease receivables consist of the following:
SCHEDULE
OF FINANCE LEASE RECEIVABLES
| | |
June 30,
2025 | | |
December 31,
2024 | |
| Future minimum lease payments receivable | |
$ | 22,385,136 | | |
$ | 14,427,511 | |
| Estimated residual value | |
| — | | |
| — | |
| Gross finance lease receivables | |
| 22,385,136 | | |
| 14,427,511 | |
| Less: unearned interest income | |
| (58,226 | ) | |
| (37,344 | ) |
| Finance lease receivables | |
$ | 22,326,910 | | |
$ | 14,390,167 | |
| Finance lease receivables, current | |
$ | 9,128,931 | | |
$ | 5,992,585 | |
| Finance lease receivables, non-current | |
$ | 13,197,979 | | |
$ | 8,397,582 | |
As
of June 30, 2025, maturities of the Company’s gross finance lease receivables are as follows:
SCHEDULE
OF MATURITIES OF THE FINANCE LEASE RECEIVABLES
| Years ending December 31, | |
| |
| Remaining of 2025 | |
$ | 4,422,594 | |
| 2026 | |
| 10,085,856 | |
| 2027 | |
| 7,515,219 | |
| 2028 | |
| 361,467 | |
| 2029 and thereafter | |
| — | |
| Total | |
$ | 22,385,136 | |
SBC
MEDICAL GROUP HOLDINGS INCORPORATED
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
|