2.4.0.800000017 - Disclosure - Fair Value Measurementstruefalsefalse1false
falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001489367duration2013-01-01T00:00:002013-06-30T00:00:001true
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2us-gaap_FairValueDisclosuresTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel| 1falsefalsefalse00<div><table cellpadding="0" cellspacing="0" id="list" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"><tr style="vertical-align: top"><td style="text-align: left; width: 18pt"><div style="text-align: left"><font style="display: inline; font: bold 10pt Times New Roman">11.  </font></div>
</td>
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<div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: bold 10pt Times New Roman">Fair Value Measurements</font></div>
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<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman">The Partnership follows the fair value guidance in ASC Topic 820, <font style="font-style: italic; display: inline">Fair Value Measurements and Disclosures (“ASC 820”) </font>for items that are required to be measured at fair value. ASC 820’s valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect the Partnership’s market assumptions. ASC 820 classifies these inputs into the following hierarchy:</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman"><font style="font-style: italic; display: inline">Level 1 Inputs</font>– Quoted prices for identical instruments in active markets.</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman"> </font></div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman"><font style="font-style: italic; display: inline">Level 2 Inputs</font>– Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman"> </font></div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman"><font style="font-style: italic; display: inline">Level 3 Inputs</font>– Instruments with primarily unobservable value drivers.</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman">Fair value information with respect to the Partnership’s leased assets and liabilities are not separately provided for since ASC 820 does not require fair value disclosures of leasing arrangements.</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman">The Partnership’s carrying value of cash and cash equivalents, other assets and accounts payable and accrued liabilities and, approximate fair value due to their short term until maturity.</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman">The Partnership’s carrying values and approximate fair values of Level 3 inputs were as follows:</font></div>
<div style="text-indent: 0pt; display: block">  </div>
<div style="text-indent: 0pt; display: block; margin-left: 9pt">
<div style="margin-left: 9pt; text-align: left">
<div style="margin-left: 9pt; text-align: left">
<table cellpadding="0" cellspacing="0" style="width: 90%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman">
<tr>
<td style="text-align: left; vertical-align: bottom; width: 36%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="6" style="vertical-align: bottom; width: 28%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">June 30, 2013 (Unaudited)</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="6" style="vertical-align: bottom; width: 28%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">December 31, 2012</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr>
<td style="text-align: left; vertical-align: bottom; width: 36%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">Carrying Value</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">Fair Value</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">Carrying Value</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">Fair Value</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr>
<td style="text-align: left; vertical-align: bottom; width: 36%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Assets:</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="text-align: left; vertical-align: bottom; width: 12%"><font style="display: inline; font: 10pt times new roman"> </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="text-align: left; vertical-align: bottom; width: 12%"><font style="display: inline; font: 10pt times new roman"> </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="text-align: left; vertical-align: bottom; width: 12%"><font style="display: inline; font: 10pt times new roman"> </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="text-align: left; vertical-align: bottom; width: 12%"><font style="display: inline; font: 10pt times new roman"> </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: bottom; width: 36%; text-align: left; padding-bottom: 4px; text-indent: 0pt; padding-left: 0pt; margin-left: 9pt; margin-right: 0pt">
<div style="text-align: left; text-indent: -9pt; display: block; margin-left: 18pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">Convertible promissory note, including accrued interest</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">1,550,000</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">1,550,000</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="vertical-align: bottom; width: 36%; text-align: left; padding-bottom: 4px; text-indent: 0pt; padding-left: 0pt; margin-left: 9pt; margin-right: 0pt">
<div style="text-align: left; text-indent: -9pt; display: block; margin-left: 18pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">Equipment notes receivable, including accrued interest</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">8,308,035</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">8,308,035</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">3,306,391</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">3,306,391</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 36%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 36%">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Liabilities:</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: bottom; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: bottom; width: 36%; text-align: left; padding-bottom: 4px; text-indent: 0pt; padding-left: 0pt; margin-left: 9pt; margin-right: 0pt">
<div style="text-align: left; text-indent: -9pt; display: block; margin-left: 18pt; margin-right: 0pt"><font style="display: inline; font: 10pt times new roman">Loan payable, including accrued interest</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">5,876,260</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">5,876,260</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: bottom; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr></table>
</div>
</div>
</div>
<div style="margin-left: 9pt"> </div>
<div style="text-align: justify; margin-left: 18pt"><br />
<font style="font: 10pt Times New Roman, Times, Serif">The carrying value of the Partnership’s convertible promissory note,
including accrued interest approximates fair value at June 30, 2013, based on the following factors: (i) interest rates have been
at or near historic low interest rates and the interest rate the Partnership was able to negotiate was higher (ii) interest rates
have remained stable and the outlook for an increase in interest rates is minimal and (iii) the short period of time between the
Partnership funding this convertible promissory note and the Partnership’s quarter end.</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman">The carrying amount of the Partnership’s non-recourse equipment note receivable, including accrued interest approximates, fair value at June 30, 2013, based on the following factors: (i) interest rates have remained stable, (ii) the basic technology, the Archimedes Screw, is thousands of year old and has been successfully used in other hydro-electric generating plants in Europe and (iii) there is minimal credit risk associated with the lessee.</font></div>
<div style="text-indent: 0pt; display: block"><br />
</div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman">The carrying amount of the Partnership’s non-recourse loan payable, including accrued interest approximates fair value at June 30, 2013, based upon the following factors: (i) the Partnership was able to negotiate a favorable interest rate on the loan payable which is less than the interest rates on the non-recourse equipment that was financed, (ii) interest rates have remained stable and the outlook for an increase in interest rates is minimal and (iii) the short period of time between the Partnership borrowing the funds and the Partnership’s quarter end.</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"> </div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"><font style="display: inline; font: 10pt Times New Roman">The following is a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the quarter ended June 30, 2013:</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify"> </div>
<div style="text-indent: 0pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: justify">
<div style="text-align: left">
<table cellpadding="0" cellspacing="0" style="width: 90%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman">
<tr>
<td style="text-align: left; vertical-align: bottom; width: 52%; padding-bottom: 2px">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman"> </font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">Convertible Promissory Note</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">Equipment Notes Receivable</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><font style="display: inline; font: 10pt times new roman">Loan Payable</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 52%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Beginning balance, January 1, 2013</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">3,306,391</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 52%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman"> </font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 52%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Total gains (losses) included in earnings:</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 52%; padding-left: 0pt; margin-left: 9pt">
<div style="text-indent: -9pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Interest income</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">50,000</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">278,008</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 52%; padding-left: 0pt; margin-left: 9pt">
<div style="text-indent: -9pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Interest expense</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">16,175</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 52%; padding-left: 0pt; margin-left: 9pt">
<div style="text-indent: -9pt; display: block; margin-left: 18pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Foreign currency transaction (loss) gain</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">(204,782</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">)</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="vertical-align: bottom; width: 52%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 52%; padding-bottom: 2px">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Issuance of additional notes</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 2px solid">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">1,500,000</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 2px solid">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">4,928,418</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 2px solid">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">5,860,085</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: #cceeff">
<td style="text-align: left; vertical-align: bottom; width: 52%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: right; vertical-align: top; width: 11%"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr><tr style="background-color: white">
<td style="text-align: left; vertical-align: bottom; width: 52%; padding-bottom: 4px">
<div style="text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">Ending balance, June 30, 2013</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">1,550,000</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">8,308,035</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 3%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
<td style="text-align: left; vertical-align: top; width: 1%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt times new roman">$</font></div>
</td>
<td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 4px double">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: right"><font style="display: inline; font: 10pt times new roman">5,876,260</font></div>
</td>
<td style="text-align: left; vertical-align: top; width: 1%; padding-bottom: 4px"><font style="display: inline; font: 10pt times new roman">  </font></td>
</tr></table>
</div>
</div>
<div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt"> </div>falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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