Members' Capital

9 Months Ended

Sep. 30, 2016

Partners' Capital Notes [Abstract]

Partners' Capital Notes Disclosure [Text Block]

(6)  Members’ Capital –

For the nine months ended September 30, 2016 and 2015, the Company declared distributions of $639,767 and $704,707, respectively.  The Limited Members received distributions of $622,999 and $687,000 and the Managing Members received distributions of $16,768 and $17,707 for the periods, respectively.  The Limited Members' distributions represented $0.36 and $0.39 per LLC Unit outstanding using 1,747,618 and 1,761,537 weighted average Units in 2016 and 2015, respectively.  The distributions represented $0.09 and $0.39 per Unit of Net Income and $0.27 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.