| FINANCE LEASE RECEIVABLES |
NOTE 6 — FINANCE LEASE RECEIVABLES As of September 30, 2025 and December 31, 2024, finance lease receivables consist of the following:
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|
|
|
|
|
|
|
|
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September 30,
2025 |
|
|
December 31,
2024 |
|
Future minimum lease payments receivable |
|
$ |
24,529,622 |
|
|
$ |
14,427,511 |
|
Estimated residual value |
|
|
— |
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|
|
— |
|
Gross finance lease receivables |
|
|
24,529,622 |
|
|
|
14,427,511 |
|
Less: unearned interest income |
|
|
(62,006 |
) |
|
|
(37,344 |
) |
Finance lease receivables |
|
$ |
24,467,616 |
|
|
$ |
14,390,167 |
|
Finance lease receivables, current |
|
$ |
9,757,901 |
|
|
$ |
5,992,585 |
|
Finance lease receivables, non-current |
|
$ |
14,709,715 |
|
|
$ |
8,397,582 |
|
As of September 30, 2025, maturities of the Company’s gross finance lease receivables are as follows:
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|
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Years ending December 31, |
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|
|
Remaining of 2025 |
|
$ |
2,527,047 |
|
2026 |
|
|
12,139,046 |
|
2027 |
|
|
9,342,770 |
|
2028 |
|
|
520,759 |
|
2029 and thereafter |
|
|
— |
|
Total |
|
$ |
24,529,622 |
|
|