Joint Venture	3 Months Ended
Mar. 31, 2021
Joint Venture Abstract
Joint Venture	Note 11 – Joint Venture In 2019, the Company entered into a joint venture with one of its long-time collaborators whereby costs and profits are shared equally. This arrangement was made in order to purchase 30 machines from a closing terminal in Seattle, Washington for $1,089,000. The machines were titled in the Company’s name, and accordingly, revenues and costs are recorded in the Company’s financial statements. During the three months ended March 31, 2021, the Company had three sales of such equipment and recorded its partner’s share of 50% of the profits totaling $155,257. The amount due to the collaborator as of March 31, 2021 and December 31, 2020 was $594,747 and $439,500, respectively.

Joint Venture

3 Months Ended

Mar. 31, 2021

Note 11 – Joint Venture

In 2019, the Company entered into a joint venture with one of its long-time collaborators whereby costs and profits are shared equally. This arrangement was made in order to purchase 30 machines from a closing terminal in Seattle, Washington for $1,089,000. The machines were titled in the Company’s name, and accordingly, revenues and costs are recorded in the Company’s financial statements. During the three months ended March 31, 2021, the Company had three sales of such equipment and recorded its partner’s share of 50% of the profits totaling $155,257. The amount due to the collaborator as of March 31, 2021 and December 31, 2020 was $594,747 and $439,500, respectively.

Ameramex International Inc 10-Q