v3.26.1
Net Investment in Sale-Type Lease
6 Months Ended
Jun. 30, 2026
Net Investment in Sale-Type Lease [Abstract]  
NET INVESTMENT IN SALE-TYPE LEASE

NOTE 5 – NET INVESTMENT IN SALE-TYPE LEASE

 

Measurement of net investment

 

The components of the Company’s investments in sales-type leases, net is as follows:

 

    June 30,
2026
    December 31,
2025
 
Gross lease receivables   $ 3,097,439     $ 2,122,950  
Unearned income     (645,782 )     (502,775 )
Subtotal     2,451,657       1,620,175  
Allowance for credit loss     -       -  
Net investment in sales-type leases   $ 2,451,657     $ 1,620,175  

 

The net investment in sales-type leases was classified in the consolidated balance sheets as follows:

 

    June 30,
2026
    December 31,
2025
 
Other Current Assets   $ 479,724     $ 209,586  
Long-term investment in sales-type leases, net     1,971,933       1,410,589  
Net investment in sales-type leases   $ 2,451,657     $ 1,620,175  

 

Interest income recognition

 

Interest income under sales-type leases during six months ended June 30, 2026 were as follows:

 

    June 30,
2026
    June 30,
2025
 
Interest income   $ 75,930       -  

 

Maturity analysis of lease receivables

 

The following table presents the undiscounted cash flows related to gross lease receivables as of June 30, 2026

 

    June 30,
2026
    December 31,
2025
 
June 30, 2026   $ 260,540     $ 311,245  
2027     470,090       339,235  
2028     486,925       345,992  
2029     506,423       356,127  
2030     371,407       206,571  
2031 and thereafter     885,465       530,534  
Total   $ 2,980,850     $ 2,089,704