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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Leasing and lending activities:        
Operating leases $ 513,000 $ 516,000 $ 1,649,000 $ 1,754,000
Gain on sales of operating lease assets   6,000 361,000 57,000
Other revenue     6,000 3,000
Total operating revenues 513,000 522,000 2,016,000 1,814,000
Operating expenses:        
Depreciation of operating lease assets 342,000 351,000 1,065,000 1,315,000
Asset management fees to Managing Member 20,000 24,000 70,000 78,000
Cost reimbursements to Managing Member and/or affiliates 77,000 95,000 255,000 310,000
Impairment losses on equipment   58,000 0 619,000
Interest expense 14,000 21,000 47,000 71,000
Professional fees 39,000 12,000 133,000 139,000
Outside services 12,000 27,000 38,000 55,000
Taxes on income and franchise fees 28,000 32,000 85,000 96,000
Bank charges 2,000 3,000 7,000 9,000
Storage fees 1,000 20,000 11,000 80,000
Railcar maintenance 38,000 67,000 94,000 222,000
Freight and shipping   23,000 0 79,000
Other expense 16,000 16,000 59,000 55,000
Total operating expenses 589,000 749,000 1,864,000 3,128,000
(Loss) income from operations (76,000) (227,000) 152,000 (1,314,000)
Other (loss) income:        
Gain on sale of investment in equity securities     0 13,000
Unrealized (loss) gain on fair value adjustment for equity securities   (3,000) (5,000) 55,000
Unrealized loss on fair value adjustment for warrants 0   (3,000) (28,000)
Total other income   (3,000) (8,000) 40,000
Net (loss) income (76,000) (230,000) 144,000 (1,274,000)
Net (loss) income:        
Managing Member     114,000 67,000
Other Members (76,000) (230,000) 30,000 (1,341,000)
Net (loss) income $ (76,000) $ (230,000) $ 144,000 $ (1,274,000)
Net (loss) income per Limited Liability Company Unit - Other Members $ (0.01) $ (0.03) $ 0.00 $ (0.16)
Weighted average number of Units outstanding 8,246,919 8,246,919 8,246,919 8,246,919