INVESTMENT IN SALES-TYPE LEASES, NET (Tables)

6 Months Ended

Jun. 30, 2015

Investments [Abstract]

Components of Net Investment in Sales-Type Leases

The components of the net investment in sales-type leases as of June 30, 2015 and December 31, 2014 are as follows:

	2015		2014
Total future minimum lease payments receivable	$	428,978,016	$	583,820,886
Less: executory cost		(102,370,458)		(134,771,919)
Less: unearned interest income		(175,005,482)		(268,028,368)
Investment in sales-type leases, net		151,602,076		181,020,599
Current portion		6,665,583		6,561,984
Noncurrent portion	$	144,936,493	$	174,458,615

Future Minimum Rentals to be Received on Non-Cancelable Sales-Type Leases by Years

As of June 30, 2015, the future minimum rentals to be received on non-cancelable sales-type leases by years are as follows:

2015	$	35,772,703
2016		34,545,930
2017		34,545,930
2018		34,545,930
2019		34,545,930
Thereafter		255,021,593
Total	$	428,978,016