Members' Equity

6 Months Ended

Jun. 30, 2021

Disclosure Text Block Supplement [Abstract]

Members' Equity Notes Disclosure [Text Block]

(6)  Members’ Equity –

For the six months ended June 30, 2021 and 2020, the Company declared distributions of $187,319 and $188,864, respectively. The Limited Members received distributions of $181,700 and $183,198 and the Managing Members received distributions of $5,619 and $5,666 for the periods, respectively. The Limited Members' distributions represented $0.11 and $0.11 per LLC Unit outstanding using 1,708,225 and 1,738,006 weighted average Units in 2021 and 2020, respectively. The distributions represented $0.03 and $0.02 per Unit of Net Income and $0.08 and $0.09 per Unit of return of contributed capital in 2021 and 2020, respectively.

On April 1, 2021, the Company repurchased a total of 59,562.8 Units for $305,367 from eight Limited Members in accordance with the Operating Agreement. The Company acquired these Units using net sales proceeds. On April 1, 2020, the Company did not repurchase any Units from the Limited Members. 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 $9,444 in 2021.