XML 22 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Investment in Sales-Type Leases, Net
 9 Months Ended
Sep. 30, 2020
Investments [Abstract]  
INVESTMENT IN SALES-TYPE LEASES, NET

3. INVESTMENT IN SALES-TYPE LEASES, NET


Under sales-type leases, as of December 31, 2019, Xi’an TCH leases BMPG systems to Pucheng (Phase I and II, 15 and 11 year terms, respectively); The components of the net investment in sales-type leases as of September 30, 2020 and December 31, 2019 are as follows:


   2020   2019 
Total future minimum lease payments receivable  $         -   $56,477,739 
Less: executory cost   -    (3,623,100)
Less: unearned interest   -    (14,905,393)
Less: realized interest income but not yet received   -    (5,245,244)
Less: allowance for net investment receivable   -    (24,416,442)
Investment in sales-type leases, net   -    8,287,560 
Current portion   -    - 
Noncurrent portion  $-   $8,287,560 

The ownership of Pucheng systems was transferred to Pucheng in January 2020 as a result of receiving full payment from Pucheng to Xi’an TCH.