| FINANCE LEASE RECEIVABLES |
NOTE 6 — FINANCE LEASE RECEIVABLES As of June 30, 2026 and December 31, 2025, finance lease receivables consist of the following:
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|
|
|
|
|
|
|
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June 30,
2026 |
|
|
December 31,
2025 |
|
Future minimum lease payments receivable |
|
$ |
25,529,132 |
|
|
$ |
26,636,777 |
|
Estimated residual value |
|
|
— |
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|
|
— |
|
Gross finance lease receivables |
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|
25,529,132 |
|
|
|
26,636,777 |
|
Less: unearned interest income |
|
|
(129,574 |
) |
|
|
(57,909 |
) |
Finance lease receivables |
|
$ |
25,399,558 |
|
|
$ |
26,578,868 |
|
Finance lease receivables, current |
|
$ |
13,725,781 |
|
|
$ |
12,832,355 |
|
Finance lease receivables, non-current |
|
$ |
11,673,777 |
|
|
$ |
13,746,513 |
|
As of June 30, 2026, maturities of the Company’s gross finance lease receivables are as follows:
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Years ending December 31, |
|
|
|
Remainder of 2026 |
|
$ |
7,165,716 |
|
2027 |
|
|
11,881,911 |
|
2028 |
|
|
5,720,336 |
|
2029 |
|
|
761,169 |
|
2030 and thereafter |
|
|
— |
|
Total |
|
$ |
25,529,132 |
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|