Investments in Equipment and Leases, Net (Tables)

9 Months Ended

Sep. 30, 2017

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

The Company’s investment in leases consists of the following (in thousands):

						Depreciation/
			Reclassifications		Amortization
	Balance		&			Expense or		Balance
	December 31,		Additions /			Amortization		September 30,
	2016		Dispositions			of Leases		2017
Net investment in operating leases	$	2,757	$	(92)		$	(90)	$	2,575
Assets held for sale or lease, net		697		(23)			-		674
Initial direct costs, net of accumulated     amortization of $2 at September 30,     2017 and $1 at December 31, 2016		12		-			(2)		10
Total	$	3,466	$	(115)		$	(92)	$	3,259

Property on Operating Leases

Property on operating leases consists of the following (in thousands):

	Balance				Reclassifications		Balance
	December 31,				or		September 30,
	2016		Additions		Dispositions		2017
Transportation, rail	$	15,111	$	-	$	(145)	$	14,966
Containers		6,970		-		(955)		6,015
Aviation		11		-		(1)		10
		22,092		-		(1,101)		20,991
Less accumulated depreciation		(19,335)		(90)		1,009		(18,416)
Total	$	2,757	$	(90)	$	(92)	$	2,575

Future Minimum Lease Payments Receivable

At September 30, 2017, the aggregate amounts of future lease payments receivable are as follows (in thousands):

		Operating Leases
Three months ending December 31, 2017	$	436
Year ending December 31, 2018		1,602
2019		1,163
2020		378
2021		48
	$	3,627

Schedule of Useful Lives of Assets

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of September 30, 2017, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Transportation, rail	35 - 40
Aviation equipment	15 - 20
Containers	15 - 20