Members' Capital

6 Months Ended

Jun. 30, 2016

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Members’ Capital –

For the six months ended June 30, 2016 and 2015, the Company declared distributions of $469,665 and $468,624, respectively.  The Limited Members received distributions of $457,999 and $458,000 and the Managing Members received distributions of $11,666 and $10,624 for the periods, respectively.  The Limited Members' distributions represented $0.26 and $0.26 per LLC Unit outstanding using 1,749,424 and 1,764,052 weighted average Units in 2016 and 2015, respectively.  The distributions represented $0.05 and $0.26 per Unit of Net Income and $0.21 and $0 per Unit of return of contributed capital in 2016 and 2015, respectively.

As part of the distributions discussed above, the Company distributed net sale proceeds of $121,212 and $171,717 in 2016 and 2015, respectively.  The Limited Members received distributions of $120,000 and $170,000 and the Managing Members received distributions of $1,212 and $1,717 for the periods, respectively.  The Limited Members’ distributions represented $0.07 and $0.10 per Unit for the periods, respectively.

On April 1, 2016, the Company repurchased a total of 10,835.5 Units for $75,397 from six Limited Members in accordance with the Operating Agreement.  On April 1, 2015, the Company repurchased a total of 15,090.0 Units for $112,281 from two 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 $2,332 and $3,472 in 2016 and 2015, respectively.