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Concentration of Credit Risk and Major Customers (Tables)
12 Months Ended
Dec. 31, 2019
Concentration of Credit Risk and Major Customers [Abstract]  
Schedule of Leasing and Lending Revenues

As of December 31, 2019, and 2018, concentrations (greater than or equal to 10% as a percentage of total equipment cost) of equipment leased to lessees in certain industries were as follows:

 

 

 

 

 

 

 

 

 

 

Percentage of Total

Industry

 

Equipment Cost

 

    

2019

 

2018

Transportation

 

38

%  

 

35

%

Wholesale

 

42

%  

 

34

%  

 

Schedule of Major Customers Credit Risk Concentration

During 2019 and 2018, certain lessees generated significant portions (defined as greater than or equal to 10%) of the Company’s total leasing revenues, excluding gains or losses on disposition of assets, as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of Total
Lease Revenues

 

Lessee

    

Type of Equipment

    

2019

2018

MRXX-Interstate Commodities

 

Transportation, rail

 

20

%  

16

%

Aircraft Service International

 

Aviation

 

16

%  

12

%

Interstate Commodities

 

Transportation, rail

 

*

 

15

%

Wal-Mart Transportation, LLC

 

Transportation, other

 

*

 

10

%

 

 

 

 

 

 

 

 

*Less than 10%