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Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Leasing activities:        
Operating leases $ 804 $ 900 $ 2,455 $ 2,619
Direct financing leases       3
Gain on sales of lease assets 61 112 140 184
Other revenue     1  
Total revenues 865 1,012 2,596 2,806
Expenses:        
Depreciation of operating lease assets 14 71 90 222
Amortization of initial direct costs 1 1 2 1
Asset management fees to Managing Member 33 36 101 100
Vessel maintenance 1   1 21
Railcar maintenance 63 118 280 403
Cost reimbursements to Managing Member and/or affiliates 104 65 337 198
Other management fees 22 34 71 83
Railcar storage fees (5) 6 9 25
Professional fees 13 21 99 93
Outside services 23 15 94 67
Insurance 11 10 31 31
Provision for credit losses 47 7 41 7
Taxes on income and franchise fees 2 5 3 15
Printing and photocopying 5 4 19 8
Freight and shipping   3 5 18
Brokerage fees 1 2 5 6
Bank charges 2 3 6 6
Dues & subscriptions 2   5  
Property taxes 1   7 1
Other 17 19 59 58
Total expenses 357 420 1,265 1,363
Net income 508 592 1,331 1,443
Net income:        
Managing Member
Other Members 508 592 1,331 1,443
Net income $ 508 $ 592 $ 1,331 $ 1,443
Net income per Limited Liability Company Unit (Other Members) $ 0.04 $ 0.04 $ 0.10 $ 0.11
Weighted average number of Units outstanding 13,560,188 13,560,188 13,560,188 13,560,188