Members' Capital

9 Months Ended

Sep. 30, 2015

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6) Members’ Capital –

For the nine months ended September 30, 2015 and 2014, the Company declared distributions of $704,707 and $708,248, respectively. The Limited Members received distributions of $687,000 and $687,000 and the Managing Members received distributions of $17,707 and $21,248 for the periods, respectively. The Limited Members' distributions represented $0.39 and $0.39 per LLC Unit outstanding using 1,761,537 and 1,777,660 weighted average Units in 2015 and 2014, respectively. The distributions represented $0.39 and $0.39 per Unit of Net Income for both 2015 and 2014.

As part of the distributions discussed above, the Company distributed net sale proceeds of $171,717 in 2015. The Limited Members received distributions of $170,000 and the Managing Members received distributions of $1,717. The Limited Members’ distributions represented $0.10 per Unit.

On April 1, 2015, the Company repurchased a total of 15,090.0 Units for $112,281 from two Limited Members in accordance with the Operating Agreement. On April 1, 2014, the Company repurchased a total of 4,597.1 Units for $30,060 from three Limited Members. The Company acquired these Units using Net Cash Flow from operations. The repurchases increase the remaining Limited Members’ ownership interest in the Company. As a result of these repurchases and pursuant to the Operating Agreement, the Managing Members received distributions of $3,472 and $929 in 2015 and 2014, respectively.