FINANCE LEASE RECEIVABLES

12 Months Ended

Dec. 31, 2024

Finance Lease Receivables

FINANCE LEASE RECEIVABLES

NOTE 7 — FINANCE LEASE RECEIVABLES

As of December 31, 2024 and 2023, finance lease receivables consist of the following:

	December 31, 2024			December 31, 2023
Future minimum lease payments receivable	$	14,427,511		$	9,586,741
Estimated residual value		—			—
Gross finance lease receivables		14,427,511			9,586,741
Less: unearned interest income		(37,344	)		(22,688	)
Finance lease receivables	$	14,390,167		$	9,564,053
Finance lease receivables, current	$	5,992,585		$	6,143,564
Finance lease receivables, non-current	$	8,397,582		$	3,420,489

As of December 31, 2024, maturities of the Company’s gross finance lease receivables are as follow:

Years ending December 31,
2025	$	6,000,609
2026		5,505,139
2027		2,921,763
Thereafter		—
Total	$	14,427,511