2.4.0.800000023 - Disclosure - Investments in Finance Leases (Tables)truefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001489367duration2013-01-01T00:00:002013-06-30T00:00:001true 1sqnf_InvestmentsInFinanceLeasesTablesAbstractsqnf_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Investments In Finance Leases Tables2false 2sqnf_ScheduleOfInvestmentInFinanceLeaseAndAssociatedCostTableTextBlocksqnf_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<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">Investment in finance leases consisted of the following:</font></div> <div style="text-indent: 0pt; display: block; margin-left: 9pt">&#160;</div> <div style="text-indent: 0pt; display: block; margin-left: 9pt"> <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="vertical-align: bottom; width: 60%"><font style="display: inline; font: 10pt times new roman">&#160; </font></td> <td style="vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td colspan="2" style="vertical-align: bottom; width: 16%"> <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</font></div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 3%"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td colspan="2" style="vertical-align: bottom; width: 16%"> <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,</font></div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> </tr><tr> <td style="vertical-align: bottom; width: 60%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">&#160; </font></td> <td style="vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td colspan="2" style="vertical-align: bottom; width: 16%; border-bottom: black 2px solid; text-align: center"> <div>(Unaudited)</div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td style="vertical-align: bottom; width: 3%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td colspan="2" style="vertical-align: bottom; width: 16%; border-bottom: black 2px solid; text-align: center"> <div style="text-align: center">2012</div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> </tr><tr style="background-color: #cceeff"> <td style="text-align: left; vertical-align: bottom; width: 60%"> <div style="text-indent: -9pt; margin-left: 9pt">Minimum rents receivable</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right">9,209,627</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right">8,319,597</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: white"> <td style="text-align: left; vertical-align: bottom; width: 60%"> <div style="text-indent: -9pt; margin-left: 9pt">Estimated unguaranteed residual value</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">535,791</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">465,151</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: #cceeff"> <td style="text-align: left; vertical-align: bottom; width: 60%; padding-bottom: 2px"> <div>Unearned income</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 2px solid; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 2px solid; text-align: right">(2,216,469</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">)</td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 2px solid; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 2px solid; text-align: right">(1,944,158</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">)</td> </tr><tr style="background-color: white"> <td style="vertical-align: bottom; width: 60%">&#160; </td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: #cceeff"> <td style="vertical-align: bottom; width: 60%; padding-bottom: 4px">&#160; </td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 4px double; text-align: right">7,528,949</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 4px double; text-align: right">6,840,590</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px">&#160;</td> </tr></table> </div> </div> <div>&#160;</div>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure as of the date of the latest balance sheet presented showing the components of investment in finance leases, net, which are comprised of (I) minimum rents receivable, (ii) estimated unguaranteed residual value and (III) unearned income.No definition available.false0Summary of investment in finance leases3false 2sqnf_ScheduleOfFutureMinimumLeasePaymentsReceivablesqnf_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<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">At June 30, 2013, the aggregate amounts of future minimum lease payments receivable, less amounts relating to three leases for entertainment and leisure equipment sold during July 2013, are as follows:</font></div> <div style="text-indent: 0pt; display: block; margin-left: 9pt">&#160;</div> <div style="text-indent: 0pt; display: block; margin-left: 9pt"> <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="vertical-align: bottom; width: 40%; padding-bottom: 2px"><font style="display: inline; font: 10pt times new roman">&#160; </font></td> <td style="vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td colspan="6" style="vertical-align: bottom; width: 36%; border-bottom: black 2px solid; text-align: center"> <div style="text-align: center">Lease Payment Currencies</div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td colspan="2" style="vertical-align: bottom; width: 16%"><font style="display: inline; font: 10pt times new roman">&#160;</font></td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> </tr><tr> <td style="vertical-align: bottom; width: 40%; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td colspan="2" style="vertical-align: bottom; width: 16%; border-bottom: black 2px solid; text-align: center"> <div>US Dollars</div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td colspan="2" style="vertical-align: bottom; width: 16%; border-bottom: black 2px solid; text-align: center"> <div style="text-align: center">British Pounds (1)</div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td colspan="2" style="vertical-align: bottom; width: 16%; border-bottom: black 2px solid; text-align: center"> <div style="text-align: center">Total</div> </td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> </tr><tr> <td style="vertical-align: bottom; width: 40%; border-bottom: black 2px solid; text-align: center"> <div style="text-align: center">Years Ending June 30,</div> </td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td colspan="2" style="vertical-align: bottom; width: 16%">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td colspan="2" style="vertical-align: bottom; width: 16%">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td colspan="2" style="vertical-align: bottom; width: 16%">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: #cceeff"> <td style="text-align: left; vertical-align: bottom; width: 40%"> <div>2013</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right">126,000</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right">2,721,871</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; text-align: right">2,847,871</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: white"> <td style="text-align: left; vertical-align: bottom; width: 40%"> <div>2014</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">126,000</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">2,162,736</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">2,288,736</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: #cceeff"> <td style="text-align: left; vertical-align: bottom; width: 40%"> <div>2015</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">126,000</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">1,203,909</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">1,329,909</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: white"> <td style="text-align: left; vertical-align: bottom; width: 40%"> <div>2016</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">126,000</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">1,082,731</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">1,208,731</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: #cceeff"> <td style="text-align: left; vertical-align: bottom; width: 40%; padding-bottom: 2px"> <div>2017</div> </td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 2px solid; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 2px solid; text-align: right">84,000</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 2px solid; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 2px solid; text-align: right">482,551</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 2px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 2px solid; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 2px solid; text-align: right">566,551</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 2px">&#160;</td> </tr><tr style="background-color: white"> <td style="vertical-align: bottom; width: 40%">&#160;</td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 3%">&#160;</td> <td style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> <td style="vertical-align: bottom; width: 15%; text-align: right">&#160;</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left">&#160;</td> </tr><tr style="background-color: #cceeff"> <td style="vertical-align: bottom; width: 40%; padding-bottom: 4px">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 4px double; text-align: right">588,000</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 4px double; text-align: right">7,653,798</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px">&#160;</td> <td style="text-align: left; vertical-align: bottom; width: 3%; padding-bottom: 4px">&#160;</td> <td style="vertical-align: bottom; width: 1%; border-bottom: black 4px double; text-align: left">$</td> <td style="vertical-align: bottom; width: 15%; border-bottom: black 4px double; text-align: right">8,241,798</td> <td nowrap="nowrap" style="vertical-align: bottom; width: 1%; text-align: left; padding-bottom: 4px">&#160;</td> </tr></table> </div> </div> <div style="text-indent: 0pt; display: block; margin-left: 9pt"> <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">&#160;</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt"><font style="display: inline; font: 10pt Times New Roman">(1) Converted to US Dollars at June 30, 2013 exchange rate.</font></div></div>falsefalsefalsenonnum:textBlockItemTypenaTabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for finance leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.No definition available.false0Schedule of future minimum lease payments receivablefalseInvestments in Finance Leases (Tables)UnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://sqncapital.com/role/InvestmentsInFinanceLeasesTables13