Quarterly report pursuant to Section 13 or 15(d)

Lease and Mortgage Receivables

v2.4.0.6
Lease and Mortgage Receivables
6 Months Ended
Dec. 31, 2011
Lease And Mortgage Receivables  
Lease and Mortgage Receivables

Note (3) - Lease and Mortgage Receivables: Lease and mortgage receivables result from customer leases of equipment under arrangements which qualify as sales type leases. At December 31, 2011, future lease payments, net of deferred interest ($7,668 at December 31, 2011), due under these leases was $62,525. At June 30, 2011, future lease payments, net of deferred interest ($14,100 at June 30, 2011), due under these leases was $102,709.