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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 31, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Entity Registrant Name	ATEL 12, LLC
Entity Central Index Key	0001394922
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		2,992,482

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Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 891	$ 479
Accounts receivable, net	3	42
Investment in securities	47	27
Warrants, fair value	156	149
Investments in equipment and leases, net	1,672	1,924
Due from Managing Member	21	10
Prepaid expenses and other assets	30	25
Total assets	2,820	2,656
Accounts payable and accrued liabilities:
Affiliates	13	36
Other	202	257
Non-recourse debt		103
Unearned operating lease income	30	37
Total liabilities	245	433
Commitments and contingencies
Members' capital:
Other Members	2,575	2,223
Total Members' capital	2,575	2,223
Total liabilities and Members' capital	$ 2,820	$ 2,656

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Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Leasing and lending activities:
Operating leases	$ 304	$ 352	$ 662	$ 708
Gain on sales of lease assets		8	6	15
Gain on sales or dispositions of investment in securities	11	75	11	75
Unrealized (loss) gain on fair value adjustment for investment in securities	(10)		20
Unrealized (loss) gain on fair value adjustment for warrants	(1)	(2)	7	(2)
Other	22	1	26	10
Total revenues	326	434	732	806
Expenses:
Depreciation of operating lease assets	50	143	165	285
Asset management fees to Managing Member	14	17	29	27
Cost reimbursements to Managing Member and/or affiliates	41	43	85	91
(Reversal of) provision for credit losses	(2)	8	(37)	8
Interest expense		2		5
Professional fees	20	46	77	99
Outside services	12	20	39	43
Taxes on income and franchise fees	(5)	14	4	19
Other	5	12	18	28
Total expenses	135	305	380	605
Net income	191	129	352	201
Net income:
Managing Member		30		66
Other Members	191	99	352	135
Net income	$ 191	$ 129	$ 352	$ 201
Net income per Limited Liability Company Unit (Other Members)	$ 0.06	$ 0.03	$ 0.12	$ 0.05
Weighted average number of Units outstanding	2,992,482	2,992,482	2,992,482	2,992,482

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Statements of Changes in Members' Capital - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Beginning Balance		$ 2,223	$ 3,299	$ 3,299
Distributions to Others Members			(818)	(818)
Distributions to Managing Member				(66)
Net (loss) income	$ 191	352	$ 201	(192)
Ending Balance	$ 2,575	$ 2,575		$ 2,223
Other Members [Member]
Beginning Balance (in Units)		2,992,482	2,992,482	2,992,482
Beginning Balance		$ 2,223	$ 3,299	$ 3,299
Distributions to Others Members				(818)
Net (loss) income		$ 352		$ (258)
Ending Balance (in Units)	2,992,482	2,992,482		2,992,482
Ending Balance	$ 2,575	$ 2,575		$ 2,223
Managing Member [Member]
Distributions to Managing Member				(66)
Net (loss) income				$ 66

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Statements of Changes in Members' Capital (Parenthetical) - $ / shares	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2017
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members, per Unit	$ 0.12	$ 0.27	$ 0.27

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Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Operating activities:
Net income	$ 191	$ 129	$ 352	$ 201	$ (192)
Adjustment to reconcile net income to cash provided by operating activities:
Gain on sales of lease assets		(8)	(6)	(15)
Depreciation of operating lease assets	50	143	165	285
(Reversal of) provision for credit losses	(2)	8	(37)	8
Gain on sales or dispositions of investment in securities	(11)	(75)	(11)	(75)
Unrealized loss (gain) on fair value adjustment for investment in securities	10		(20)
Unrealized loss (gain) on fair value adjustment for warrants	1	2	(7)	2
Changes in operating assets and liabilities:
Accounts receivable	7	(30)	76	26
Prepaid expenses and other assets	(6)	2	(5)	4
Accounts payable, Managing Member	10	(40)	2	(27)
Accounts payable, other	(28)	37	(57)	38
Accrued liabilities, affiliates	(27)		(23)
Unearned operating lease income	(28)	(14)	(7)	32
Net cash provided by operating activities	167	154	422	479
Investing activities:
Proceeds from sales of lease assets		12	93	64
Principal payments received on direct financing leases				1
Net cash provided by investing activities		12	93	65
Financing activities:
Repayments under non-recourse debt		(115)	(103)	(230)
Net cash used in financing activities		(115)	(103)	(959)
Net increase (decrease ) in cash and cash equivalents	167	51	412	(415)
Cash and cash equivalents at beginning of period	724	567	479	1,033	1,033
Cash and cash equivalents at end of period	891	618	891	618	479
Supplemental disclosures of cash flow information:
Cash paid during the year for interest		2		5
Cash paid during the year for taxes	$ 18	3	19	16
Other Members [Member]
Operating activities:
Net income			$ 352		(258)
Financing activities:
Distributions to Members				(674)
Schedule of non-cash transactions:
Distributions payable to Members at period-end		374		374
Managing Member [Member]
Operating activities:
Net income					$ 66
Financing activities:
Distributions to Members				(55)
Schedule of non-cash transactions:
Distributions payable to Members at period-end		$ 30		$ 30

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Organization and Limited Liability Company Matters

6 Months Ended

Jun. 30, 2018

Organization and Limited Liability Company Matters [Abstract]

Organization and Limited Liability Company Matters

1.  Organization and Limited Liability Company matters:

ATEL 12, LLC (the “Company” or the “Fund”) was formed under the laws of the state of California on January 25, 2007 for the purpose of equipment financing and acquiring equipment to engage in equipment leasing and sales activities. From its inception into the third quarter of 2013, the Managing Member was ATEL Associates 12, LLC (“AA12”), a Nevada limited liability company. Effective September 30, 2013, AA12 was merged into ATEL Financial Services, LLC (“AFS” or “Managing Member” or “Manager”), a wholly-owned subsidiary of ATEL Capital Group. The Fund may continue until December 31, 2030. As a limited liability company, the liability of any individual member for the obligations of the Fund is limited to the extent of capital contributions to the Fund by the individual member.

As of June 30,  2018, cumulative contributions, net of rescissions and/or redemptions, totaling $29.9 million (inclusive of the $500 initial Member’s capital investment) have been received and 2,992,482 Units were issued and outstanding.  

The Company is governed by the ATEL 12, LLC amended and restated Limited Liability Company Operating Agreement dated April 3, 2007 (the “Operating Agreement”).  On January 1, 2016, the Company commenced liquidation phase activities pursuant to the guidelines of the Operating Agreement. Prior thereto, the Company was in its acquisition phase and was making distributions on a monthly and quarterly basis. During the liquidation phase, periodic distributions are paid at the discretion of the Managing Member.

These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2017, filed with the Securities and Exchange Commission.

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2018

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2.  Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature.

Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year. Certain prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results from operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying unaudited financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after June 30, 2018, up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements or adjustments thereto.

Cash and cash equivalents:

Cash and cash equivalents include cash in banks and cash equivalent investments such as U.S. Treasury instruments with original and/or purchased maturities of ninety days or less.

Use of estimates:

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes, and determination of the allowances for doubtful accounts.

Segment reporting:

The Company is organized into one operating segment for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

The primary geographic region in which the Company sought leasing opportunities was North America. For the six months ended June 30, 2018 and 2017, and as of June 30, 2018 and December 31, 2017,  100% of the Company’s operating revenues and long-lived assets relate to customers domiciled in the United States.

Accounts receivable

Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.

Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received.

Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases and notes receivable are applied only against outstanding principal balances.

Financing receivables

In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.

Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.

The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date.

Investment in securities:

From time to time, the Company may purchase securities of its borrowers or receive warrants in connection with its lending arrangements.

Purchased securities

The Company’s investment securities registered for public sale are carried at fair value. The Company’s investment securities with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company’s results of operations. The Company’s investment securities that do not have readily determinable fair values are measured at cost minus impairment, and adjusted for changes in observable prices. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. Based upon the Company’s review of its portfolio, the Company recorded unrealized losses on fair value adjustments on investment in securities totaling $10 thousand and $20thousand of unrealized gains on fair value adjustments during the respective three and six months ended June 30, 2018. Purchased securities totaled $47 thousand and $27 thousand at June 30, 2018 and December 31, 2017 respectively.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are reflected at an estimated fair value on the balance sheet as determined by the Managing Member. During the respective three months ended June 30, 2018 and 2017, the Company recorded $1 thousand and $2 thousand of unrealized losses on fair value adjustments for warrants. During the respective six months ended June 30, 2018 and 2017, the Company recorded $7 thousand of unrealized gains and $2 thousand of unrealized losses on fair value adjustments for warrants. As of June 30, 2018 and December 31, 2017, the estimated fair value of the Company’s portfolio of warrants amounted to $156 thousand and $149 thousand, respectively. There were no exercises of warrants, net or otherwise, during the three and six months ended June 30, 2018 and 2017. The Company realized gains of $2 thousand on the net exercise of certain warrants during the year ended December 31, 2017.

Credit risk:

Financial instruments that potentially subject the Company to concentrations of credit risk include cash and cash equivalents, operating lease receivables, and accounts receivable. The Company places the majority of its cash deposits in non-interest bearing accounts with financial institutions that have no less than $10 billion in assets. Such deposits are insured up to $250,000. The remainder of the Fund’s cash is temporarily invested in U.S. Treasury denominated instruments. The concentration of such deposits and temporary cash investments is not deemed to create a significant risk to the Company. Accounts receivable represent amounts due from in various industries, related to equipment on operating leases.

Equipment on operating leases and related revenue recognition:

Equipment subject to operating leases is stated at cost. Depreciation is being recognized on a straight-line method over the terms of the related leases to the equipment’s estimated residual values. Off-lease equipment is generally not subject to depreciation. The Company depreciates all lease assets, in accordance with guidelines consistent with ASC 840-20-35-3, over the periods of the lease terms contained in each asset’s respective lease contract to the estimated residual value at the end of the lease contract. All lease assets are purchased only concurrent with the execution of a lease commitment by the lessee. Thus, the original depreciation period corresponds with the term of the original lease. Once the term of an original lease contract is completed, the subject property is typically sold to the existing user, re-leased to the existing user, or, when off-lease, is held for sale. Assets which are re-leased continue to be depreciated using the terms of the new lease agreements and the estimated residual values at the end of the new lease terms, adjusted downward as necessary. Assets classified as held-for-sale are carried at the lower of carrying amount, or the fair value less cost to sell (ASC 360-10-35-43).

The Company does not use the equipment held in its portfolio, but holds it solely for lease and ultimate sale. In the course of marketing equipment that has come off-lease, management may determine at some point that re-leasing the assets may provide a superior return for investors and would then execute another lease. Upon entering into a new lease contract, management will estimate the residual value once again and resume depreciation. If, and when, the Company, at any time, determines that depreciation in value may have occurred with respect to an asset held-for-sale, the Company would review the value to determine whether a material reduction in value had occurred and recognize any appropriate impairment. All lease assets, including off-lease assets, are subject to the Company’s quarterly impairment analysis, as described below. Maintenance costs associated with the Fund’s portfolio of leased assets are expensed as incurred. Major additions and betterments are capitalized.

Operating lease revenue is recognized on a straight-line basis over the term of the underlying leases. The initial lease terms will vary as to the type of equipment subject to the leases, the needs of the lessees and the terms to be negotiated, but initial leases are generally on terms from 36 to 120 months. The difference between rent received and rental revenue recognized is recorded as unearned operating lease income on the balance sheet. Operating leases are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management considers the equipment underlying the lease contracts for impairment and periodically reviews the credit worthiness of all operating lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related operating leases may be placed on non-accrual status. Leases placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid lease payments is probable. Until such time, revenues are recognized on a cash basis.

Per Unit data:

The Company issues only one class of Units, none of which are considered dilutive. Net income and distributions per Unit are based upon the weighted average number of Other Members Units outstanding during the period.

Fair Value Measurement:

Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:

Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, generally on a national exchange.

Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.

Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.

The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company’s investments in equipment, and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources.

Recent accounting pronouncements:

In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-15 —Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”).  ASU 2016-15 addresses specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This guidance is effective for the Company beginning on January 1, 2018. The adoption of ASU 2016-15 did not have a material impact on its financial statements and disclosures.

In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments — Credit Losses (Topic 326) (“ASU 2016-13”). The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. Management is currently evaluating the standard and expects the Update may potentially result in an increase in the allowance for credit losses given the change to estimated losses over the contractual life adjusted for expected prepayments.

In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new standard will require lessees to recognize lease assets and lease liabilities arising from operating leases with lease terms greater than 12 months in the statement of financial position. Lessor accounting per ASU 2016-02 is mostly unchanged from the previous lease accounting under GAAP. Certain changes were made to the lessor accounting guidance in order to align the lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. Similar to the previous guidance, lessors will classify leases as operating, direct financing, or sales-type. Lessors in operating leases will continue to recognize the underlying asset and recognize income on a straight-line basis. Lessors determine whether a lease is a sale of the underlying asset based on whether the lessee effectively obtains control of the underlying assets. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. While early adoption is permitted, the Company does not expect to elect that option. The Company expects to adopt the guidance in the first quarter 2019 using the modified retrospective method.

Management is currently evaluating the impact of this standard on the financial statements and its operational and related disclosure requirements, including the impact on the Company’s current lease portfolio from a lessor perspective. As part of the adoption of the standard, the Company has selected and is in the process of implementing new lease accounting software. The Company is in the process of identifying and designing appropriate changes to its business processes, systems and controls to support the new standard. Given the limited changes to lessor accounting, Management does not expect material changes to recognition or measurement.

In July 2018, the FASB issued Accounting Standards Update 2018-11, Leases (Topic 842) Targeted Improvements (“ASU 2018-11”).  The new standard provides a new transition method and practical expedient to simplify the application of the new leasing standard. Under the new transition method, comparative periods presented in the financial statements in the period of adoption will not need to be restated.  Instead, a Company would initially apply the new lease requirements at the effective date, and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company would continue to report comparative periods presented in the financial statements in the period of adoption under current GAAP and provide the applicable required disclosures for such periods. The new practical expedient allows lessors to avoid separating lease and associated nonlease components within a contract if certain criteria are met.  If elected, lessors will be able to aggregate nonlease components that otherwise would be accounted for under the new revenue standard with the associated lease component if the following conditions are met (1) the timing and pattern of transfer of the nonlease component and the associated lease component are the same and (2) the stand-alone lease component would be classified as an operating lease if accounted for separately. For entities that have not adopted Topic 842 before the issuance of this Update, the effective date and transition requirements for the amendments in this Update related to separating components of a contract are the same as the effective date and transition requirements in Update 2016-02. The practical expedient may be elected either in the first reporting period following the issuance of this Update or at the original effective date of Topic 842 for that entity. The practical expedient may be applied either retrospectively or prospectively. Management is currently evaluating the impact of the standard on the financial statements and related disclosure requirements.

In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). The new standard provides guidance related to accounting for equity investments and financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. ASU 2016-01, among other things, (i) requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, (iv) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (v) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This guidance is effective for the Company beginning on January 1, 2018. The adoption of ASU 2016-01 did have an impact on its financial statements and disclosures. The Company’s investment securities registered for public sale with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company's results of operations. The Company elected to record equity investments without readily determinable fair values at cost, less impairment, and adjusted for changes in observable prices.  Any changes in the basis of these equity investments are reported in current earnings.

In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 by one year and in August 2015, issued Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU 2015-14”). ASU 2015-14 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. This guidance is effective for the Company beginning on January 1, 2018. Management’s evaluation of the impact of such adoption on the financial statements of the Fund indicated that such impact is non-material as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues since leases are not included within the scope of Topic 606.

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Investments in Equipment and Leases, Net

6 Months Ended

Jun. 30, 2018

Investments in Equipment and Leases, Net [Abstract]

Investments in Equipment and Leases, Net

3.  Investments in equipment and leases, net:

The Company’s investment in equipment and leases consists of the following (in thousands):

			Reclassifications,		Depreciation/ Amortization
	Balance		Additions/		Expense or		Balance
	December 31,		Dispositions and		Amortization		June 30,
	2017		Impairment Losses		of Leases		2018
Net investment in operating leases	$	1,652	$	(15)	$	(165)	$	1,472
Assets held for sale or lease, net		272		(72)		-		200
Initial direct costs, net of accumulated   amortization of $0 at June 30, 2018    and $3 at December 31, 2017		-		-		-		-
Total	$	1,924	$	(87)	$	(165)	$	1,672

Impairment of investments in lease assets:

Recorded values of the Company’s leased asset portfolio are reviewed each quarter to confirm the reasonableness of established residual values and to determine whether there is indication that an asset impairment might have taken place.

The Company uses a variety of sources and considers many factors in evaluating whether the respective book values of its assets are appropriate. In addition, the Company may direct a residual value review at any time if it becomes aware of issues regarding the ability of a lessee to continue to make payments on its lease contract. An impairment loss is measured and recognized only if the estimated undiscounted future cash flows of the asset are less than their net book value. The estimated undiscounted future cash flows are the sum of the residual value of the asset at the end of the asset’s lease contract and undiscounted future rents from the existing lease contract, if any. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the marketplace are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date. Upward adjustments for impairments recognized in prior periods are not made in any circumstances. As a result of these reviews, management determined thatnoimpairment losses existed during the three and six months ended June 30,  2018 and 2017.

The Company utilizes a straightline depreciation method over the term of the equipment for equipment on operating leases currently in its portfolio. Depreciation expense on the Company’s equipment totaled $50 thousand and $143 thousand for the respective three months endedJune 30,  2018 and 2017, and $165 thousand and $285 thousand for the respective six months ended June 30, 2018 and 2017.

All of the Company’s leased property was acquired in the years 2008 through 2013.

Operating leases:

Property on operating leases consists of the following (in thousands):

	Balance						Balance
	December 31,				Reclassifications		June 30,
	2017		Additions		or Dispositions		2018
Transportation	$	3,963	$	-	$	(72)	$	3,891
Construction		2,741		-		-		2,741
Aviation		2,077		-		-		2,077
Other		104		-		-		104
		8,885		-		(72)		8,813
Less accumulated depreciation		(7,233)		(165)		57		(7,341)
Total	$	1,652	$	(165)	$	(15)	$	1,472

The average estimated residual value for assets on operating leases was 16% and 19% of the assets’ original cost at June 30,  2018 and December 31, 2017, respectively. There were no operating leases in non-accrual status at June 30,  2018 and December 31, 2017.

At June 30, 2018, the aggregate amounts of future minimum operating lease payments receivable are $90 thousand all of which are due and receivable during 2018.

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of June 30, 2018, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Aviation	15-20
Construction	7-10
Materials handling	7-10
Transportation	7-10
Computer	3-5

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Related Party Transactions

6 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Related Party Transactions

4.  Related party transactions:

The terms of the Operating Agreement provide that the Managing Member and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.

The Operating Agreement allows for the reimbursement of costs incurred by Managing Member and/or affiliates for providing administrative services to the Company. Administrative services provided include Company accounting, investor relations, legal counsel and lease and equipment documentation. The Managing Member is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of investments. The Company would be liable for certain future costs to be incurred by the Managing Member to manage the administrative services provided to the Company.

Each of AFS and ATEL Leasing Corporation (“ALC”) is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications and general administrative services are performed by AFS.

Cost reimbursements to the Managing Member or its affiliates are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred. The Managing Member believes that the costs reimbursed are the lower of (i) actual costs incurred on behalf of the Company or (ii) the amount the Company would be required to pay independent parties for comparable administrative services in the same geographic location.

The Managing Member and/or affiliates earned fees and billed for reimbursements, pursuant to the Operating Agreement during the three and six months ended June 30, 2018 and 2017 as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Administrative costs reimbursed to Managing Member and/or affiliates	$	41	$	43	$	85	$	91
Asset management fees to Managing Member		14		17		29		27
	$	55	$	60	$	114	$	118

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Non-Recourse Debt

6 Months Ended

Jun. 30, 2018

Non-Recourse Debt [Abstract]

Non-Recourse Debt

5.  Non-recourse debt:

At June 30,  2018, non-recourse debt consisted of notes payable to financial institutions. The notes were due in monthly installments. Interest on the notes was at fixed rates ranging from 1.97% to 2.39% per annum. The notes were secured by assignments of lease payments and pledges of assets. At June 30, 2018, the non-recourse debt was paid off.

The non-recourse debt did not contain any material financial covenants. The debt was secured by liens granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders had recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation was payable solely out of the respective specific security and the Company did not guarantee (nor was the Company otherwise contractually responsible for) the payment of the non-recourse debt as a general obligation or liability of the Company. Although the Company did not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company was directly and generally liable and responsible for certain representations, warranties, and covenants made to the lenders, such as warranties as to genuineness of the transaction parties' signatures, as to the genuineness of the respective lease chattel paper or the transaction as a whole, or as to the Company's good title to or perfected interest in the secured collateral, as well as similar representations, warranties and covenants typically provided by non-recourse borrowers and customary in the equipment finance industry, and were viewed by such industry as being consistent with non-recourse discount financing obligations. Accordingly, as there were no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company had determined that there were no material covenants with respect to the non-recourse debt that warrant footnote disclosure.

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Commitments

6 Months Ended

Jun. 30, 2018

Commitments [Abstract]

Commitments

6.  Commitments:

At June 30,  2018, the Company had no commitments to purchase lease assets or fund investments in notes receivable.

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Members' Capital

6 Months Ended

Jun. 30, 2018

Members' Capital [Abstract]

Members' Capital

7.  Members’ capital:

A total of 2,992,482 Units were issued and outstanding at both June 30,  2018 and December 31, 2017. The Fund was authorized to issue up to 20,000,000 total Units.

Fund distributions are to be allocated 7.5% to the Managing Member and 92.5% to the Other Members. Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Distributions	$	-	$	374	$	-	$	818
Weighted average number of Units outstanding		2,992,482		2,992,482		2,992,482		2,992,482
Weighted average distributions per Unit	$	-	$	0.12	$	-	$	0.27

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Fair Value Measurements

6 Months Ended

Jun. 30, 2018

Fair Value Measurements [Abstract]

Fair Value Measurements

8.  Fair value measurements:

Under applicable accounting standards, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

At June 30, 2018, the Company’s investment in securities and warrants were measured on a recurring basis. At December 31, 2017, only the Company’s warrants were measured on a recurring basis.

The fair value adjustments utilized the following methodology:

Warrants (recurring)

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried on the balance sheet at an estimated fair value at the end of the period. The valuation of the warrants was determined using a Black-Scholes formulation of value based upon the stock price(s), the exercise price(s), the volatility of comparable venture companies, time to maturity, and a risk free interest rate for the term(s) of the warrant exercise(s). As of June 30,  2018 and December 31, 2017, the calculated fair value of the Fund’s warrant portfolio is $156 thousand and $149 thousand, respectively. Such valuations are classified within Level 3 of the valuation hierarchy.

The fair value of warrants that were accounted for on a recurring basis as of the three and six months ended June 30, 2018 and 2017 and classified as Level 3 are as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Fair value of warrants at beginning of period	$	157	$	159	$	149	$	159
Unrealized (loss) gain on fair valuation of warrants		(1)		(2)		7		(2)
Fair value of warrants at end of period	$	156	$	157	$	156	$	157

Investment securities (recurring)

The Company’s investment securities registered for public sale, which are recurring, with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company’s results of operations.

Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital.

The fair value of investment securities that were accounted for on a recurring basis as of the three and six month ended June 30, 2018 and classified as Level 1 are as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2018		2018
Fair value of investment in securities at beginning of period	$	51	$	21
Unrealized (loss) gain on fair valuation of investment in securities		(10)		20
Fair value of investment in securities at end of period	$	41	$	41

Impaired off-lease equipment (non-recurring)

During 2017, the Company deemed certain off-lease equipment (assets) to be impaired and recorded fair value adjustments of $281 thousand to reduce the cost basis of the equipment.

The aforementioned adjustments were non-recurring. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair values of such impaired equipment are classified within Level 3 of the valuation hierarchy as the data sources utilized for the valuation of the assets reflect significant inputs that are unobservable in the market. Such valuation utilizes a market approach technique and uses inputs that reflect the sales price of similar assets sold by affiliates and/or information from third party remarketing agents not readily available in the market.

The following tables summarize the valuation techniques and significant unobservable inputs used for the Company’s recurring and non-recurring fair value calculation categorized as Level 3 in the fair value hierarchy at June 30, 2018 and December 31, 2017:

June 30, 2018
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.020 - $14.750
			Exercise price	$0.360 - $25.760
			Time to maturity (in years)	0.25-  5.34
			Risk-free interest rate	1.93% - 2.74%
			Annualized volatility	48.97% - 84.91%

December 31, 2017
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.02 - $14.75
			Exercise price	$0.36 - $25.76
			Time to maturity (in years)	0.75 - 5.84
			Risk-free interest rate	1.65% - 2.25%
			Annualized volatility	48.32% - 83.3%
Impaired off-lease Equipment	Non-recurring	Market Approach	Third Party Agents'      Pricing	$72,525 - $200,000
			Equipment Condition	Good

The following disclosure of the estimated fair value of financial instruments is made in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification. Fair value estimates, methods and assumptions, set forth below for the Company’s financial instruments, are made solely to comply with the requirements of the Financial Instruments Topic and should be read in conjunction with the Company’s financial statements and related notes.

The Company has determined the estimated fair value amounts by using market information and valuation methodologies that it considers appropriate and consistent with the fair value accounting guidance. Considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize or has realized in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

Cash and cash equivalents

The recorded amounts of the Company’s cash and cash equivalents approximate fair value because of the liquidity and short-term maturity of these instruments.

Investment in securities

The Company’s purchased securities registered for public sale with readily determinable fair value are carried at fair value. These investment securities are valued based on their quoted market prices.

Non-recourse debt

The fair value of the Company’s non-recourse debt is estimated using discounted cash flow analyses, based upon current market borrowing rates for similar types of borrowing arrangements.

Commitments and Contingencies

Management has determined that no recognition for the fair value of the Company’s loan commitments is necessary because their terms are made on a market rate basis and require borrowers to be in compliance with the Company’s credit requirements at the time of funding.

The fair value of contingent liabilities (or guarantees) is not considered material because management believes there has been no event that has occurred wherein a guarantee liability has been incurred or will likely be incurred.

The following tables present estimated fair values of the Company’s financial instruments in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification at June 30, 2018 and December 31, 2017 (in thousands):

		Fair Value Measurements at June 30, 2018
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	891	$	891	$	-	$	-	$	891
Investment in securities		41		41		-		-		41
Warrants, fair value		156		-		-		156		156

		Fair Value Measurements at December 31, 2017
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	479	$	479	$	-	$	-	$	479
Warrants, fair value		149		-		-		149		149
Financial liabilities:
Non-recourse debt		103		-		-		102		102

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Summary of Significant Accounting Policies (Policy)

6 Months Ended

Jun. 30, 2018

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature.

Operating results for the three and six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the full year. Certain prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results from operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying unaudited financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after June 30, 2018, up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements or adjustments thereto.

Cash and Cash Equivalents

Cash and cash equivalents:

Cash and cash equivalents include cash in banks and cash equivalent investments such as U.S. Treasury instruments with original and/or purchased maturities of ninety days or less.

Use of Estimates

Use of estimates:

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes, and determination of the allowances for doubtful accounts.

Segment Reporting

Segment reporting:

The Company is organized into one operating segment for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

The primary geographic region in which the Company sought leasing opportunities was North America. For the six months ended June 30, 2018 and 2017, and as of June 30, 2018 and December 31, 2017,  100% of the Company’s operating revenues and long-lived assets relate to customers domiciled in the United States.

Accounts Receivable

Accounts receivable

Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.

Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received.

Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases and notes receivable are applied only against outstanding principal balances.

Financing receivables

Financing receivables

In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.

Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.

The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date.

Investment in Securities

Investment in securities:

From time to time, the Company may purchase securities of its borrowers or receive warrants in connection with its lending arrangements.

Purchased securities

The Company’s investment securities registered for public sale are carried at fair value. The Company’s investment securities with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company’s results of operations. The Company’s investment securities that do not have readily determinable fair values are measured at cost minus impairment, and adjusted for changes in observable prices. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. Based upon the Company’s review of its portfolio, the Company recorded unrealized losses on fair value adjustments on investment in securities totaling $10 thousand and $20thousand of unrealized gains on fair value adjustments during the respective three and six months ended June 30, 2018. Purchased securities totaled $47 thousand and $27 thousand at June 30, 2018 and December 31, 2017 respectively.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are reflected at an estimated fair value on the balance sheet as determined by the Managing Member. During the respective three months ended June 30, 2018 and 2017, the Company recorded $1 thousand and $2 thousand of unrealized losses on fair value adjustments for warrants. During the respective six months ended June 30, 2018 and 2017, the Company recorded $7 thousand of unrealized gains and $2 thousand of unrealized losses on fair value adjustments for warrants. As of June 30, 2018 and December 31, 2017, the estimated fair value of the Company’s portfolio of warrants amounted to $156 thousand and $149 thousand, respectively. There were no exercises of warrants, net or otherwise, during the three and six months ended June 30, 2018 and 2017. The Company realized gains of $2 thousand on the net exercise of certain warrants during the year ended December 31, 2017.

Credit Risk

Credit risk:

Financial instruments that potentially subject the Company to concentrations of credit risk include cash and cash equivalents, operating lease receivables, and accounts receivable. The Company places the majority of its cash deposits in non-interest bearing accounts with financial institutions that have no less than $10 billion in assets. Such deposits are insured up to $250,000. The remainder of the Fund’s cash is temporarily invested in U.S. Treasury denominated instruments. The concentration of such deposits and temporary cash investments is not deemed to create a significant risk to the Company. Accounts receivable represent amounts due from in various industries, related to equipment on operating leases.

Equipment on Operating Leases and Related Revenue Recognition

Equipment on operating leases and related revenue recognition:

Equipment subject to operating leases is stated at cost. Depreciation is being recognized on a straight-line method over the terms of the related leases to the equipment’s estimated residual values. Off-lease equipment is generally not subject to depreciation. The Company depreciates all lease assets, in accordance with guidelines consistent with ASC 840-20-35-3, over the periods of the lease terms contained in each asset’s respective lease contract to the estimated residual value at the end of the lease contract. All lease assets are purchased only concurrent with the execution of a lease commitment by the lessee. Thus, the original depreciation period corresponds with the term of the original lease. Once the term of an original lease contract is completed, the subject property is typically sold to the existing user, re-leased to the existing user, or, when off-lease, is held for sale. Assets which are re-leased continue to be depreciated using the terms of the new lease agreements and the estimated residual values at the end of the new lease terms, adjusted downward as necessary. Assets classified as held-for-sale are carried at the lower of carrying amount, or the fair value less cost to sell (ASC 360-10-35-43).

The Company does not use the equipment held in its portfolio, but holds it solely for lease and ultimate sale. In the course of marketing equipment that has come off-lease, management may determine at some point that re-leasing the assets may provide a superior return for investors and would then execute another lease. Upon entering into a new lease contract, management will estimate the residual value once again and resume depreciation. If, and when, the Company, at any time, determines that depreciation in value may have occurred with respect to an asset held-for-sale, the Company would review the value to determine whether a material reduction in value had occurred and recognize any appropriate impairment. All lease assets, including off-lease assets, are subject to the Company’s quarterly impairment analysis, as described below. Maintenance costs associated with the Fund’s portfolio of leased assets are expensed as incurred. Major additions and betterments are capitalized.

Operating lease revenue is recognized on a straight-line basis over the term of the underlying leases. The initial lease terms will vary as to the type of equipment subject to the leases, the needs of the lessees and the terms to be negotiated, but initial leases are generally on terms from 36 to 120 months. The difference between rent received and rental revenue recognized is recorded as unearned operating lease income on the balance sheet. Operating leases are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management considers the equipment underlying the lease contracts for impairment and periodically reviews the credit worthiness of all operating lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related operating leases may be placed on non-accrual status. Leases placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid lease payments is probable. Until such time, revenues are recognized on a cash basis.

Per Unit Data

Per Unit data:

The Company issues only one class of Units, none of which are considered dilutive. Net income and distributions per Unit are based upon the weighted average number of Other Members Units outstanding during the period.

Fair Value Measurement:

Fair Value Measurement:

Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:

Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, generally on a national exchange.

Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.

Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.

The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company’s investments in equipment, and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources.

Recent Accounting Pronouncements

Recent accounting pronouncements:

In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-15 —Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”).  ASU 2016-15 addresses specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. This guidance is effective for the Company beginning on January 1, 2018. The adoption of ASU 2016-15 did not have a material impact on its financial statements and disclosures.

In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments — Credit Losses (Topic 326) (“ASU 2016-13”). The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. Management is currently evaluating the standard and expects the Update may potentially result in an increase in the allowance for credit losses given the change to estimated losses over the contractual life adjusted for expected prepayments.

In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new standard will require lessees to recognize lease assets and lease liabilities arising from operating leases with lease terms greater than 12 months in the statement of financial position. Lessor accounting per ASU 2016-02 is mostly unchanged from the previous lease accounting under GAAP. Certain changes were made to the lessor accounting guidance in order to align the lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. Similar to the previous guidance, lessors will classify leases as operating, direct financing, or sales-type. Lessors in operating leases will continue to recognize the underlying asset and recognize income on a straight-line basis. Lessors determine whether a lease is a sale of the underlying asset based on whether the lessee effectively obtains control of the underlying assets. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. While early adoption is permitted, the Company does not expect to elect that option. The Company expects to adopt the guidance in the first quarter 2019 using the modified retrospective method.

Management is currently evaluating the impact of this standard on the financial statements and its operational and related disclosure requirements, including the impact on the Company’s current lease portfolio from a lessor perspective. As part of the adoption of the standard, the Company has selected and is in the process of implementing new lease accounting software. The Company is in the process of identifying and designing appropriate changes to its business processes, systems and controls to support the new standard. Given the limited changes to lessor accounting, Management does not expect material changes to recognition or measurement.

In July 2018, the FASB issued Accounting Standards Update 2018-11, Leases (Topic 842) Targeted Improvements (“ASU 2018-11”).  The new standard provides a new transition method and practical expedient to simplify the application of the new leasing standard. Under the new transition method, comparative periods presented in the financial statements in the period of adoption will not need to be restated.  Instead, a Company would initially apply the new lease requirements at the effective date, and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company would continue to report comparative periods presented in the financial statements in the period of adoption under current GAAP and provide the applicable required disclosures for such periods. The new practical expedient allows lessors to avoid separating lease and associated nonlease components within a contract if certain criteria are met.  If elected, lessors will be able to aggregate nonlease components that otherwise would be accounted for under the new revenue standard with the associated lease component if the following conditions are met (1) the timing and pattern of transfer of the nonlease component and the associated lease component are the same and (2) the stand-alone lease component would be classified as an operating lease if accounted for separately. For entities that have not adopted Topic 842 before the issuance of this Update, the effective date and transition requirements for the amendments in this Update related to separating components of a contract are the same as the effective date and transition requirements in Update 2016-02. The practical expedient may be elected either in the first reporting period following the issuance of this Update or at the original effective date of Topic 842 for that entity. The practical expedient may be applied either retrospectively or prospectively. Management is currently evaluating the impact of the standard on the financial statements and related disclosure requirements.

In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). The new standard provides guidance related to accounting for equity investments and financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. ASU 2016-01, among other things, (i) requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, (iv) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and (v) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This guidance is effective for the Company beginning on January 1, 2018. The adoption of ASU 2016-01 did have an impact on its financial statements and disclosures. The Company’s investment securities registered for public sale with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company's results of operations. The Company elected to record equity investments without readily determinable fair values at cost, less impairment, and adjusted for changes in observable prices.  Any changes in the basis of these equity investments are reported in current earnings.

In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 by one year and in August 2015, issued Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU 2015-14”). ASU 2015-14 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. This guidance is effective for the Company beginning on January 1, 2018. Management’s evaluation of the impact of such adoption on the financial statements of the Fund indicated that such impact is non-material as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues since leases are not included within the scope of Topic 606.

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Investments in Equipment and Leases, Net (Tables)

6 Months Ended

Jun. 30, 2018

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

The Company’s investment in equipment and leases consists of the following (in thousands):

			Reclassifications,		Depreciation/ Amortization
	Balance		Additions/		Expense or		Balance
	December 31,		Dispositions and		Amortization		June 30,
	2017		Impairment Losses		of Leases		2018
Net investment in operating leases	$	1,652	$	(15)	$	(165)	$	1,472
Assets held for sale or lease, net		272		(72)		-		200
Initial direct costs, net of accumulated   amortization of $0 at June 30, 2018    and $3 at December 31, 2017		-		-		-		-
Total	$	1,924	$	(87)	$	(165)	$	1,672

Property on Operating Leases

Property on operating leases consists of the following (in thousands):

	Balance						Balance
	December 31,				Reclassifications		June 30,
	2017		Additions		or Dispositions		2018
Transportation	$	3,963	$	-	$	(72)	$	3,891
Construction		2,741		-		-		2,741
Aviation		2,077		-		-		2,077
Other		104		-		-		104
		8,885		-		(72)		8,813
Less accumulated depreciation		(7,233)		(165)		57		(7,341)
Total	$	1,652	$	(165)	$	(15)	$	1,472

Schedule of Useful Lives of Assets

As of June 30, 2018, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Aviation	15-20
Construction	7-10
Materials handling	7-10
Transportation	7-10
Computer	3-5

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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2018

Related Party Transactions [Abstract]

Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement

The Managing Member and/or affiliates earned fees and billed for reimbursements, pursuant to the Operating Agreement during the three and six months ended June 30, 2018 and 2017 as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Administrative costs reimbursed to Managing Member and/or affiliates	$	41	$	43	$	85	$	91
Asset management fees to Managing Member		14		17		29		27
	$	55	$	60	$	114	$	118

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Members' Capital (Tables)

6 Months Ended

Jun. 30, 2018

Members' Capital [Abstract]

Distributions to Other Members

Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Distributions	$	-	$	374	$	-	$	818
Weighted average number of Units outstanding		2,992,482		2,992,482		2,992,482		2,992,482
Weighted average distributions per Unit	$	-	$	0.12	$	-	$	0.27

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Valuation Techniques and Significant Unobservable Inputs Used

The following tables summarize the valuation techniques and significant unobservable inputs used for the Company’s recurring and non-recurring fair value calculation categorized as Level 3 in the fair value hierarchy at June 30, 2018 and December 31, 2017:

June 30, 2018
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.020 - $14.750
			Exercise price	$0.360 - $25.760
			Time to maturity (in years)	0.25-  5.34
			Risk-free interest rate	1.93% - 2.74%
			Annualized volatility	48.97% - 84.91%

December 31, 2017
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.02 - $14.75
			Exercise price	$0.36 - $25.76
			Time to maturity (in years)	0.75 - 5.84
			Risk-free interest rate	1.65% - 2.25%
			Annualized volatility	48.32% - 83.3%
Impaired off-lease Equipment	Non-recurring	Market Approach	Third Party Agents'      Pricing	$72,525 - $200,000
			Equipment Condition	Good

Estimated Fair Values of Financial Instruments

The following tables present estimated fair values of the Company’s financial instruments in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification at June 30, 2018 and December 31, 2017 (in thousands):

		Fair Value Measurements at June 30, 2018
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	891	$	891	$	-	$	-	$	891
Investment in securities		41		41		-		-		41
Warrants, fair value		156		-		-		156		156

		Fair Value Measurements at December 31, 2017
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	479	$	479	$	-	$	-	$	479
Warrants, fair value		149		-		-		149		149
Financial liabilities:
Non-recourse debt		103		-		-		102		102

Warrant [Member]

Fair Value of Assets Measured on a Recurring Basis

The fair value of warrants that were accounted for on a recurring basis as of the three and six months ended June 30, 2018 and 2017 and classified as Level 3 are as follows (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Fair value of warrants at beginning of period	$	157	$	159	$	149	$	159
Unrealized (loss) gain on fair valuation of warrants		(1)		(2)		7		(2)
Fair value of warrants at end of period	$	156	$	157	$	156	$	157

Investment Securities [Member]

Fair Value of Assets Measured on a Recurring Basis

The fair value of investment securities that were accounted for on a recurring basis as of the three and six month ended June 30, 2018 and classified as Level 1 are as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2018		2018
Fair value of investment in securities at beginning of period	$	51	$	21
Unrealized (loss) gain on fair valuation of investment in securities		(10)		20
Fair value of investment in securities at end of period	$	41	$	41

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Organization and Limited Liability Company Matters (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Business activities, description	equipment financing and acquiring equipment to engage in equipment leasing and sales activities
Business formation date	Jan. 25, 2007
Business formation State	California
Business termination date	Dec. 31, 2030
Contributions received, net of rescissions and/or redemptions	$ 29,900,000
Other Members [Member]
Units issued	2,992,482	2,992,482
Units outstanding	2,992,482	2,992,482	2,992,482
Managing Member [Member]
Contributions of capital by initial Members	$ 500

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Summary of Significant Accounting Policies (Narrative) (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2017 USD ($)	Jun. 30, 2018 USD ($) segment	Jun. 30, 2017 USD ($)	Dec. 31, 2017 USD ($)	Mar. 31, 2018 USD ($)	Mar. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Summary of Significant Accounting Policies [Line Items]
Opearting lease equipment, depreciation method			straight-line
Warrants, fair value	$ 156,000	$ 157,000	$ 156,000	$ 157,000	$ 149,000	$ 157,000	$ 159,000	$ 159,000
Number of operating segments | segment			1
Number of reportable segments | segment			1
Taxes on income and franchise fees	(5,000)	14,000	$ 4,000	19,000
Investment in securities	47,000		47,000		27,000
Unrealized (loss) gain on fair value adjustment for investment in securities	(10,000)		20,000
Unrealized (loss) gain on fair value adjustment for warrants	(1,000)	(2,000)	7,000	(2,000)
Gain (loss) on exercises of warrants	0	$ 0	$ 0	$ 0	$ 2,000
Long-Lived Assets [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of concentration risk from customers domiciled in North America			100.00%		100.00%
Operating Revenues [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of concentration risk from customers domiciled in North America			100.00%	100.00%
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Required assets value of financial institutions for cash deposits			$ 10,000,000,000
Operating leases, initial terms			36 months
Accounts receivable, period for non-accrual status			90 days
Operating leases, period for non accrual status			90 days
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
U.S. Treasury instruments maturity period			90 days
Cash deposits, insured amount	$ 250,000		$ 250,000
Operating leases, initial terms			120 months
Accounts receivable, period of review for impairment			90 days
Operating leases, period of review for impairment			90 days

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Investments in Equipment and Leases, Net (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Investments in Equipment and Leases, Net [Abstract]
Depreciation of operating lease assets	$ 50	$ 143	$ 165	$ 285
Average estimated residual value for assets on operating leases	16.00%		16.00%		19.00%
Fair value adjustments on equipment	$ 0	$ 0	$ 0	$ 0
Operating leases, future minimum payments receivable	$ 90		$ 90

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Investments in Equipment and Leases, Net (Investment in Leases) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Leases Disclosure [Line Items]
Balance December 31, 2017	$ 1,924
Reclassifications, Additions/Dispositions and Impairment Losses	(87)
Depreciation/Amortization Expense or Amortization of Leases	(165)
Balance June 30, 2018	1,672
Initial direct costs, accumulated amortization	0	$ 3
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2017	1,652
Reclassifications, Additions/Dispositions and Impairment Losses	(15)
Depreciation/Amortization Expense or Amortization of Leases	(165)
Balance June 30, 2018	1,472
Assets Held-for-sale [Member]
Leases Disclosure [Line Items]
Balance December 31, 2017	272
Reclassifications, Additions/Dispositions and Impairment Losses	(72)
Balance June 30, 2018	200
Initial Direct Cost
Leases Disclosure [Line Items]
Balance December 31, 2017
Reclassifications, Additions/Dispositions and Impairment Losses
Depreciation/Amortization Expense or Amortization of Leases
Balance June 30, 2018

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Investments in Equipment and Leases, Net (Property on Operating Leases) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	$ 8,813	$ 8,885
Less accumulated depreciation	(7,341)	(7,233)
Property on operating leases, net	1,472	1,652
Additions, gross
Additions, less accumulated depreciation	(165)
Additions, net	(165)
Reclassifications or dispositions, gross	(72)
Reclassifications or dispositions, less accumulated depreciation	57
Reclassifications or dispositions, net	(15)
Transportation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	3,891	3,963
Additions, gross
Reclassifications or dispositions, gross	(72)
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,741	2,741
Additions, gross
Reclassifications or dispositions, gross
Aviation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,077	2,077
Additions, gross
Reclassifications or dispositions, gross
Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	104	$ 104
Additions, gross
Reclassifications or dispositions, gross

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Investments in Equipment and Leases, Net (Schedule of Useful Lives of Assets) (Details)	6 Months Ended
	Jun. 30, 2018
Minimum [Member] | Aviation [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	15 years
Minimum [Member] | Construction [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	7 years
Minimum [Member] | Materials Handling [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	7 years
Minimum [Member] | Transportation [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	7 years
Minimum [Member] | Computer [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	3 years
Maximum [Member] | Aviation [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	20 years
Maximum [Member] | Construction [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	10 years
Maximum [Member] | Materials Handling [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	10 years
Maximum [Member] | Transportation [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	10 years
Maximum [Member] | Computer [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	5 years

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Related Party Transactions (Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Related Party Transactions [Abstract]
Administrative costs reimbursed to Managing Member and/or affiliates	$ 41	$ 43	$ 85	$ 91
Asset management fees to Managing Member	14	17	29	27
Related party transaction, total	$ 55	$ 60	$ 114	$ 118

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Non-Recourse Debt (Narrative) (Details) - Non-Recourse Debt [Member]	6 Months Ended
	Jun. 30, 2018
Debt Instrument [Line Items]
Note maturity date, description	At June 30, 2018, the non-recourse debt was paid off
Maximum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	2.39%
Minimum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	1.97%

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Commitments (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018 USD ($)
Commitments [Abstract]
Commitments to purchase lease assets	$ 0

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Members' Capital (Narrative) (Details) - shares	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Members [Member]
Other Members Capital Account [Line Items]
Members capital account, Units issued	2,992,482	2,992,482
Members capital account, Units outstanding	2,992,482	2,992,482	2,992,482
Percentage of fund distributions	92.50%
Other Members [Member] | Maximum [Member]
Other Members Capital Account [Line Items]
Members capital account, Units authorized	20,000,000	20,000,000
Managing Member [Member]
Other Members Capital Account [Line Items]
Percentage of fund distributions	7.50%

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Members' Capital (Distributions to Other Members) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Members' Capital [Abstract]
Distributions		$ 374		$ 818	$ 818
Weighted average number of Units outstanding	2,992,482	2,992,482	2,992,482	2,992,482
Weighted average distributions per Unit		$ 0.12		$ 0.27	$ 0.27

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Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Fair Value Measurements [Abstract]
Warrants, fair value	$ 156	$ 157	$ 149	$ 157	$ 159	$ 159

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Fair Value Measurements (Warrants Measured on a Recurring Basis and Classified as Level 3) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Fair Value Measurements [Abstract]
Fair value of warrants at beginning of period	$ 157	$ 159	$ 149	$ 159
Unrealized (loss) gain on fair valuation of warrants	(1)	(2)	7	(2)
Fair value of warrants at end of period	$ 156	$ 157	$ 156	$ 157

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Fair Value Measurements (Fair Value of Securities Measured on a Recurring Basis) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Fair Value Measurements [Abstract]
Fair value of investment in securities at beginning of period	$ 51	$ 21
Unrealized (loss) gain on fair value adjustment for investment in securities	(10)	20
Fair value of investment in securities at end of period	$ 41	$ 41

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Fair Value Measurements (Summary of Valuation Techniques and Significant Unobservable Inputs Used) (Details) - Level 3 Estimated Fair Value [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Minimum [Member] | Recurring [Member] | Warrant [Member] | Black Scholes Model [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 0.02	$ 0.02
Exercise price	$ 0.36	$ 0.36
Time to maturity (in years)	3 months	9 months
Risk-free interest rate	1.93%	1.65%
Annualized volatility	48.97%	48.32%
Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Lease Equipment [Member] | Market Approach [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs, third party agents' pricing quotes per equipment		$ 72,525
Maximum [Member] | Recurring [Member] | Warrant [Member] | Black Scholes Model [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 14.75	$ 14.75
Exercise price	$ 25.76	$ 25.76
Time to maturity (in years)	5 years 4 months 2 days	5 years 10 months 2 days
Risk-free interest rate	2.74%	2.25%
Annualized volatility	84.91%	83.30%
Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Lease Equipment [Member] | Market Approach [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value inputs, third party agents' pricing quotes per equipment		$ 200,000

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Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Financial assets:
Warrants, fair value	$ 156	$ 157	$ 149	$ 157	$ 159	$ 159
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	891		479
Investment in securities	41
Warrants, fair value	156		149
Financial liabilities:
Non-recourse debt			103
Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	891		479
Investment in securities	41
Warrants, fair value	156		149
Financial liabilities:
Non-recourse debt			102
Estimated Fair Value [Member] | Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	891		479
Investment in securities	41
Warrants, fair value
Estimated Fair Value [Member] | Level 2 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents
Investment in securities
Warrants, fair value
Estimated Fair Value [Member] | Level 3 Estimated Fair Value [Member]
Financial assets:
Warrants, fair value	$ 156		149
Financial liabilities:
Non-recourse debt			$ 102