XML 32 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating activities:        
Net income $ 506 $ 695 $ 928 $ 799
Adjustment to reconcile net income to cash provided by operating activities:        
Gain on sales of assets (20) (21) (23) (211)
Depreciation of operating lease assets 259 361 571 692
Reversal of provision for doubtful accounts (18)   (22)  
Changes in operating assets and liabilities:        
Accounts receivable 54 (65) 29 (141)
Prepaid expenses and other assets (6) 3 (11) 6
Accounts payable, Managing Member (29) (71) (298) 118
Accounts payable, affiliates   (2)   (2)
Accounts payable, other 18 (377)   (130)
Unearned operating lease income 25 (20) (9) (26)
Net cash provided by operating activities 789 503 1,165 1,105
Investing activities:        
Proceeds from sales of lease assets 49 42 61 299
Principal payments received on direct financing leases 41 28 86 55
Purchases and additions to equipment on operating leases       (460)
Net cash provided by (used in) investing activities 90 70 147 (106)
Financing activities:        
Net cash used in financing activities            
Net increase in cash and cash equivalents 879 573 1,312 999
Cash and cash equivalents at beginning of period 1,358 2,244 925 1,818
Cash and cash equivalents at end of period 2,237 2,817 2,237 2,817
Supplemental disclosures of cash flow information:        
Cash paid during the period for taxes $ 31 $ 32 $ 33 $ 34