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Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Feb. 28, 2019	Jun. 30, 2018
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Entity Registrant Name	ATEL 15, LLC
Entity Central Index Key	0001519117
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Smaller Reporting Company	true
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Units Outstanding		6,542,557

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Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 1,716	$ 932
Accounts receivable, net of allowance for doubtful accounts of $0 at December 31, 2018 and $44 at December 31, 2017	75	107
Notes receivable, net of unearned interest income of $58 and allowance for credit losses of $67 at December 31, 2018 and net of unearned interest income of $107 and allowance for credit losses of $12 at December 31, 2017		115
Due from affiliates	1
Investment in securities	144	133
Warrants, fair value	376	387
Investments in equipment and leases, net of accumulated depreciation of $29,002 at December 31, 2018 and $28,447 at December 31, 2017	22,777	29,405
Prepaid expenses and other assets	25	19
Total assets	25,114	31,098
Accounts payable and accrued liabilities:
Managing Member		50
Affiliates	42	303
Accrued distributions to Other Members		615
Other	463	533
Credit facility		2,250
Non-recourse debt	1,191	4,677
Senior long-term debt	2,068	2,068
Unearned operating lease income	61	168
Total liabilities	3,825	10,664
Commitments and contingencies
Members' capital:
Other Members	21,289	20,434
Total Members' capital	21,289	20,434
Total liabilities and Members' capital	$ 25,114	$ 31,098

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Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts receivable	$ 0	$ 44
Allowance for credit losses	67	56
Investments in equipment and leases, accumulated depreciation	29,002	28,447
Notes Receivable [Member]
Unearned interest income	58	107
Allowance for credit losses	$ 67	$ 12

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Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Leasing and lending activities:
Operating leases	$ 6,594	$ 7,320
Direct financing leases	3	5
Interest on notes receivable	49	22
Gain (loss) on sale of lease assets and early termination of notes receivable	1,705	(72)
Unrealized gain on fair value adjustment for investment in securities	26
Unrealized loss on fair value adjustment for warrants	(11)	(3)
Other	165	23
Total revenues	8,531	7,295
Expenses:
Depreciation of operating lease assets	4,206	4,736
Asset management fees to Managing Member	258	360
Cost reimbursements to Managing Member and/or affiliates	801	1,000
Provision for (reversal of) credit losses	11	(44)
Impairment losses on equipment		11
Impairment losses on investment in securities	17	50
Amortization of initial direct costs	57	74
Interest expense	189	293
Professional fees	143	328
Outside services	118	107
Taxes on income and franchise fees	9	7
Bank charges	15	115
Storage fees	102	82
Other	281	215
Total expenses	6,207	7,334
Net income (loss)	2,324	(39)
Net income (loss):
Managing Member	106	478
Other Members	2,218	(517)
Net income (loss)	$ 2,324	$ (39)
Net income (loss) per Limited Liability Company Unit (Other Members)	$ 0.34	$ (0.08)
Weighted Average Limited Liability Company Units	6,544,057	6,564,381

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Statements of Changes in Members' Capital - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Beginning Balance	$ 20,434	$ 26,957
Repurchases of Units	(60)	(115)
Distributions to Other Members	(1,303)	(5,891)
Distributions to Managing Member	(106)	(478)
Net income (loss)	2,324	(39)
Ending Balance	$ 21,289	$ 20,434
Other Members [Member]
Beginning Balance (in units)	6,557,057	6,584,221
Beginning Balance	$ 20,434	$ 26,957
Repurchases of Units (in units)	(14,500)	(27,164)
Repurchases of Units	$ (60)	$ (115)
Distributions to Other Members	(1,303)	(5,891)
Net income (loss)	$ 2,218	$ (517)
Ending Balance (in units)	6,542,557	6,557,057
Ending Balance	$ 21,289	$ 20,434
Managing Member [Member]
Distributions to Managing Member	(106)	(478)
Net income (loss)	$ 106	$ 478

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Statements of Changes in Members' Capital (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members, per unit	$ 0.20	$ 0.90

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Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Operating activities:
Net income (loss)	$ 2,324	$ (39)
Adjustment to reconcile net income (loss) to cash provided by operating activities:
(Gain) loss on sales of lease assets and early termination of notes receivable	(1,705)	72
Depreciation of operating lease assets	4,206	4,736
Amortization of initial direct costs	57	74
Impairment losses on equipment		11
Provision for (reversal of) credit losses	11	(44)
Impairment losses on investment in securities	17	50
Unrealized gain on fair value adjustment for investment in securities	(26)
Unrealized loss on fair value adjustment for warrants	11	3
Changes in operating assets and liabilities:
Accounts receivable	75	341
Due from Managing Member and affiliates	(1)
Prepaid expenses and other assets	(6)	14
Accounts payable, Managing Member and affiliates	(261)	178
Accounts payable, other	(70)	82
Unearned operating lease income	(107)	12
Net cash provided by operating activities	4,525	5,490
Investing activities:
Purchase of securities	(2)
Proceeds from sales of lease assets and early termination of notes	4,074	397
Payments of initial direct costs		(10)
Principal payments received on direct financing leases	3	1
Note receivable advances	(17)	(50)
Principal payments received on notes receivable	71	417
Net cash provided by investing activities	4,129	755
Financing activities:
Repayments under non-recourse debt	(3,486)	(3,655)
(Repayment) borrowings under credit facility	(2,250)	2,250
Repurchases of Units	(60)	(115)
Net cash used in financing activities	(7,870)	(7,890)
Net increase (decrease) in cash and cash equivalents	784	(1,645)
Cash and cash equivalents at beginning of year	932	2,577
Cash and cash equivalents at end of year	1,716	932
Supplemental disclosures of cash flow information:
Cash paid during the year for interest	109	209
Cash paid during the year for taxes	13	11
Other Members [Member]
Operating activities:
Net income (loss)	2,218	(517)
Financing activities:
Distributions to Members	(1,918)	(5,892)
Schedule of non-cash investing and financing transactions:
Distributions payable to Members at year-end		615
Managing Member [Member]
Operating activities:
Net income (loss)	106	478
Financing activities:
Distributions to Members	$ (156)	(478)
Schedule of non-cash investing and financing transactions:
Distributions payable to Members at year-end		$ 50

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Organization and Limited Liability Company Matters

12 Months Ended

Dec. 31, 2018

Organization and Limited Liability Company Matters [Abstract]

Organization and Limited Liability Company Matters

1.  Organization and Limited Liability Company matters:

ATEL 15, LLC (the “Company” or the “Fund”) was formed under the laws of the state of California on March 4, 2011 (“Date of Inception”) for the purpose of equipment financing and acquiring equipment to engage in equipment leasing and sales activities. The Managing Member of the Company is ATEL Managing Member, LLC (the “Managing Member” or “Manager”), a Nevada limited liability company. The Managing Member is controlled by ATEL Financial Services, LLC (“AFS”), a wholly-owned subsidiary of ATEL Capital Group. The Fund shall continue until terminated in accordance with the provisions of the Operating Agreement. Contributions in the amount of $500 were received as of May 3, 2011, which represented the initial member’s capital investment. 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.

The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. As of December 21, 2011, subscriptions for the minimum number of Units (120,000, representing $1.2 million), excluding subscriptions from Pennsylvania investors, had been received and the Fund requested subscription proceeds to be released from escrow. On that date, the Company commenced initial operations and continued in its development stage activities until transitioning to an operating enterprise during the first quarter of 2012. Pennsylvania subscriptions are subject to a separate escrow and are released to the Fund only when aggregate subscriptions for all investors equal to at least $7.5 million. Total contributions to the Fund exceeded $7.5 million on April 14, 2012, at which time a request was processed to release the Pennsylvania escrowed amounts. The offering was terminated on October 28, 2013.

As of December 31, 2018, cumulative gross contributions, less rescissions and repurchases (net of distributions paid and allocated syndication costs, as applicable), totaling $65.9 million (inclusive of the $500 initial Member’s capital investment) have been received. As of the same date, 6,542,557 Units were issued and outstanding.

The Company’s principal objectives are to invest in a diversified portfolio of investments that will (i) preserve, protect and return the Company’s invested capital; (ii) generate regular cash distributions to unitholders, with any balance remaining after required minimum distributions to be used to purchase additional investments during the Reinvestment Period (ending six calendar years after the completion of the Company’s public offering of Units) and (iii) provide additional cash distributions following the Reinvestment Period and until all investment portfolio assets has been sold or otherwise disposed. The Company is governed by the ATEL 15, LLC amended and restated Limited Liability Company Operating Agreement dated October 28, 2011 (the “Operating Agreement”).

Pursuant to the terms of the Operating Agreement, the Managing Member and/or its affiliates receives compensation for services rendered and reimbursements for costs incurred on behalf of the Company (See Note 7). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of the Managing Member.

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2.  Summary of significant accounting policies:

Basis of presentation:

The accompanying balance sheets as of December 31, 2018 and 2017, and the related statements of operations, changes in members’ capital, and cash flows for the years then ended, have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission. Certain prior year amounts may have been reclassified to conform to the current year 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 financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after December 31, 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, and 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 for determination of the allowance for doubtful accounts and reserve for credit losses on notes 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 on historical charge off and collection experience and the collectability 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.

Credit risk:

Financial instruments that potentially subject the Company to concentrations of credit risk include cash and cash equivalents, operating and direct financing lease receivables, notes receivable and accounts receivable. The Company places the majority of its cash deposits in noninterest-bearing accounts with financial institutions that have no less than $10 billion in assets. Such deposits are insured up to $250 thousand. The remainder of the Funds’ 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 and notes receivable represent amounts due from lessees or borrowers in various industries, related to equipment on operating and direct financing leases or notes receivable.

Equipment on operating leases and related revenue recognition:

Equipment subject to operating leases is stated at cost. Depreciation is 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 the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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.

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.

Direct financing leases and related revenue recognition:

Income from direct financing lease transactions is reported using the financing method of accounting, in which the Company’s investment in the leased property is reported as a receivable from the lessee to be recovered through future rentals. The interest income portion of each rental payment is calculated so as to generate a constant rate of return on the net receivable outstanding.

Allowances for losses on direct financing leases are typically established based on historical charge-off and collection experience and the collectability of specifically identified lessees and billed and unbilled receivables. Direct financing leases are charged off to the allowance as they are deemed uncollectible.

Direct financing leases are generally placed in a non-accrual status (i.e., no revenue is recognized) and deemed impaired when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of all direct finance lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related direct financing 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, all payments received are applied only against outstanding principal balances.

Notes receivable, unearned interest income and related revenue recognition:

The Company records all future payments of principal and interest on notes as notes receivable, which are then offset by the amount of any related unearned interest income. For financial statement purposes, the Company reports only the net amount of principal due on the balance sheet. The unearned interest is recognized over the term of the note and the income portion of each note payment is calculated so as to generate a constant rate of return on the net balance outstanding. Any fees or costs related to notes receivable are recorded as part of the net investment in notes receivable and amortized over the term of the loan.

Allowances for losses on notes receivable are typically established based on historical charge off and collection experience and the collectability of specifically identified borrowers and billed and unbilled receivables. 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 payments 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.

Notes 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 note payments outstanding less than 90 days. Based upon management’s judgment, the related notes may be placed on non-accrual status. 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, all payments received are applied only against outstanding principal balances.

Initial direct costs:

The Company capitalizes initial direct costs (“IDC”) associated with the origination and funding of lease assets and investments in notes receivable. IDC includes both internal costs (e.g., the costs of employees’ activities in connection with successful lease and loan originations) and external broker fees incurred with such originations. The costs are amortized on a lease by lease (or note by note) basis based on actual lease term using a straight-line method for operating leases and the effective interest rate method for direct financing leases and notes receivable. Upon disposal of the underlying lease assets and notes receivable, both the initial direct costs and the associated accumulated amortization are relieved. Costs related to leases or notes receivable that are not consummated are not eligible for capitalization as initial direct costs and are expensed as acquisition expense.

Acquisition expense:

Acquisition expense represents costs which include, but are not limited to, legal fees and expenses, travel and communication expenses, cost of appraisals, accounting fees and expenses and miscellaneous expenses related to the selection and acquisition of equipment which are reimbursable to the Managing Member under the terms of the Operating Agreement. As the costs are not eligible for capitalization as initial direct costs, such amounts are expensed as incurred.

Asset valuation:

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 the 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. 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.

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 Company’s principal decision makers are the Managing Member’s Chief Executive Officer and its Chief Financial Officer and Chief Operating Officer. The Company believes that its equipment leasing business operates as one reportable segment because: a) the Company measures profit and loss at the equipment portfolio level as a whole; b) the principal decision makers do not review information based on any operating segment other than the equipment leasing transaction portfolio; c) the Company does not maintain discrete financial information on any specific segment other than its equipment financing operations; d) the Company has not chosen to organize its business around different products and services other than equipment lease financing; and e) the Company has not chosen to organize its business around geographic areas.

The primary geographic region in which the Company seeks leasing opportunities is North America. As of and for the years ended December 31, 2018 and 2017, all of the Company’s current operating revenues and long-lived assets relate to customers domiciled in the United States.

Investment in securities:

Purchased securities

The Company’s purchased 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’s purchased 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. The Company had $144 thousand and $133 thousand of purchased securities at December 31, 2018 and 2017, respectively. Based upon the Company’s review of its investment in securities portfolio, the Company recorded fair value adjustments on investment in securities totaling $26 thousand and $0 during 2018 and 2017, respectively. The Company recorded impairment adjustments on investment securities totaling $17 thousand and $50 thousand at December 31, 2018 and 2017, respectively. There was no gain on sales or dispositions of investment in securities in 2018 and 2017.

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. The Company recorded unrealized losses of $11 thousand and $3 thousand on fair valuation of its warrants during 2018 and 2017, respectively. The unrealized losses recorded during 2018 and 2017 reduced the estimated fair value of the Company’s portfolio of warrants to $376 thousand at December 31, 2018 from $387 thousand at December 31, 2017. The Company realized no gains or losses from the net exercise of warrants during 2018 and 2017.

Unearned operating lease income:

The Company records prepayments on operating leases as a liability under the caption of unearned operating lease income. The liability is recorded when prepayments are received and recognized as operating lease revenue over the period to which the prepayments relate using a straight-line method.

Income Taxes:

The Company is treated as a partnership for federal income tax purposes. Pursuant to the provisions of Section 701 of the Internal Revenue Code, a partnership is not subject to federal income taxes. Accordingly, the Company has provided current franchise income taxes for only those states which levy income taxes on partnerships. For the years ended December 31, 2018 and 2017, the related provision for state income taxes was approximately $9 thousand and $7 thousand, respectively. The Company does not have any entity level uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions and is generally subject to examination by U.S. federal (or state and local) income tax authorities for three years from the filing of a tax return.

The tax bases of the Company’s net assets and liabilities vary from the amounts presented in these financial statements at December 31, 2018 and 2017 as follows (in thousands):

	2018		2017
Financial statement basis of net assets	$	21,289	$	20,434
Tax basis of net assets (unaudited)		25,200		24,056
Difference	$	(3,911)	$	(3,622)

The primary differences between the tax bases of net assets and the amounts recorded in the financial statements are the result of differences in accounting for syndication costs and differences between the depreciation methods used in the financial statements and the Company’s tax returns.

The following reconciles the net income (loss) reported in these financial statements to the income (loss) reported on the Company’s federal tax return (unaudited) for the years ended December 31, 2018 and 2017 (in thousands):

	2018		2017
Net income (loss) per financial statements	$	2,324	$	(39)
Tax adjustments (unaudited):
Adjustment to depreciation expense		(232)		(577)
Provision for losses and doubtful accounts		(43)		(1)
Adjustments to revenues		(120)		283
Adjustments to gain on sales of assets		1,233		156
Other		68		(50)
Income (loss) per federal tax return (unaudited)	$	3,230	$	(228)

Per Unit data:

Net loss and distributions per Unit are based upon the weighted average number of Other Members Units outstanding during the year.

Recent accounting pronouncements:

In November 2018, the FASB issued Accounting Standards Update 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses (“ASU 2018-19”). The new standard clarifies certain aspects of the new current expected credit losses (CECL) impairment model in ASU 2016-13. The amendment clarifies that receivables arising from operating leases are within the scope of ASC 842, rather than ASC 326. The effective date and transition requirements in this Update are the same as the effective dates and transition requirements in Update 2016-13, as amended by this Update, which is for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Management is currently evaluating the impact of the standard on the financial statements and related disclosure requirements.

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (“ASU 2018-13”), which amends the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. This ASU modifies disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this Update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this Update and delay adoption of the additional disclosures until their effective date. Management is currently evaluating the impact of this standard on the financial statements and related disclosure requirements.

In August 2016, the 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. The Company plans to adopt this guidance on January 1, 2019 and will prospectively apply the new lease requirements and recognize a cumulative effect adjustment upon adoption. As part of the adoption, the Company has elected to apply the package of transitional practical expedients under which the Company will not reassess prior conclusions about lease identification, lease classification, and initial direct costs of existing leases as of the date of adoption. Under Topic 842, initial direct costs include only those incremental costs of a lease that would not have been incurred if the lease had not been executed. Therefore, only certain costs that the Company capitalized as initial direct costs under ASC Topic 840: Leases may be expensed as incurred under Topic 842. The Company expects an immaterial cumulative effect adjustment upon adoption. The Company plans to elect the lessor practical expedient to combine the lease and non-lease components. The Company expects that the lease components are the predominant component in the majority of its leasing arrangements and will account for the combined component as an operating lease under Topic 842. The Company currently does not believe the adoption will significantly affect the timing of the recognition of its combined lease and non-lease components.

In December 2018, the FASB issued Accounting Standards Update 2018-20, Narrow-Scope Improvements for Lessors (“ASU 2018-20”). The new standard includes amendments related to sales taxes and other similar taxes collected from lessees, lessor costs paid by a lessee and recognition of variable payments for contracts with lease and non-lease components. The effective date in this Update is the same as that of ASU 2016-02, which is for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company plans to adopt this guidance on January 1, 2019. The Company expects the adoption of ASU 2018-20 will have an immaterial impact on the Company’s financial statements and disclosures.

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 purchased securities registered for public sale with readily determinable fair value are carried at fair value. 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 was effective for the Company beginning on January 1, 2018. The adoption of ASU 2014-09 did not have a material impact on the Company’s financial statements and disclosures as revenues calculated under the new guidelines were substantially the same as had previously been determined.

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Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2018

Concentration of Credit Risk and Major Customers [Abstract]

Concentration of Credit Risk and Major Customers

3.  Concentration of credit risk and major customers:

The Company leases equipment to lessees and provides debt financing to borrowers in diversified industries. Leases and notes receivable are subject to the Managing Member’s credit committee review. The leases and notes receivable provide for the return of the equipment to the Company upon default.

As of December 31, 2018 and 2017, there were concentrations (greater than or equal to 10% as a percentage of total equipment cost) of equipment leased to lessees and/or financed for borrowers in certain industries as follows:

Industry	2018		2017
Oil/Gas extraction	40	%	35	%
Rail transport	16	%	*
Manufacturing	12	%	20	%

*Less than 10%

During 2018 and 2017, certain lessees and/or financial borrowers generated significant portions (defined as greater than or equal to 10%) of the Company’s total leasing and lending revenues, excluding gains or losses on disposition of assets, as follows:

		Percentage of Total Leasing and
		Lending Revenues
Lessee	Type of Equipment	2018		2017
Halliburton Overseas Limited	Marine vessel	37	%	34	%
GE Aviation	Manufacturing	13	%	12	%
Other	Other	13	%	*
Cargill, Inc.	Material handling	11	%	12	%
The Kansas City Southern Railway Company	Transportation, rail	11	%	11	%
Signiture Brands, LLC	Food Processing	*		12	%

* Less than 10%

These percentages are not expected to be comparable in future periods due to anticipated changes in the mix of investments and/or lessees as a result of normal business activities.

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Notes Receivable, Net

12 Months Ended

Dec. 31, 2018

Notes Receivable, Net

Notes Receivable, Net

4. Notes receivable, net:

The Company has various notes receivable from borrowers who have financed the purchase of equipment through the Company. As of December 31, 2018, the terms of the notes are from 84 to 90 months with interest 18.00% per annum. The notes are secured by the equipment financed and have maturity dates in 2019 and 2020.

At December 31, 2018, two of the Company’s notes receivable were removed from non-accrual status. As of December 31, 2017, two of the Company’s notes receivable were on non-accrual status. Details are as follows, in thousands, except for the number of notes receivable and the interest rate.

	Notes receivable
	Non-accrual
	December 31, 2017
Number of notes		2
Net investment value	$	12
Annual interest rate		18.00	%
Fair value adjustments	$	12
Fair value amount	$	—
Interest income not recorded relative to original terms	$	7

Date	Note modification
December 1, 2014	Notes placed on non-accrual status.
January 1, 2015	Defer payment of principal, interest-only payments at their original rates through June 30, 2015. Payments will be adjusted so ultimate amounts paid will reflect interest earned at 18% per annum related to the entire term from the original funding date.
1st quarter 2015	Impairment totaling $27 thousand was recorded.
3rd quarter 2015	Impairment totaling $23 thousand was recorded.
4th quarter 2015	Extend interest only payments through June 30, 2016. Entire balance on the notes due on July 1, 2016.
1st quarter 2016	Impairment totaling $5 thousand was recorded.
3rd quarter 2016	Final payment due on January 1, 2017.
4th quarter 2016	All accounts are current under the forbearance agreement.
1st quarter 2017	Extend payment schedule through January 1, 2020. Notes mature on January 1, 2020.
2nd quarter 2017	Fair value adjustment totaling $14 thousand was recorded.
3rd quarter 2017	Fair value adjustment totaling $14 thousand was recorded.
1st quarter 2018	Notes removed from non-accrual status as of March 31, 2018

As of December 31, 2018, the minimum future payments receivable are as follows (in thousands):

Twelve months ending December 31, 2019		58
Less: portion representing unearned interest income		(58)
Notes receivable, net	$	—

IDC amortization expense related to notes receivable and the Company’s operating and direct finance leases for the years ended December 31, 2018 and 2017 are as follows (in thousands):

	2018		2017
IDC amortization – notes receivable	$	7	$	3
IDC amortization – lease assets		50		71
Total	$	57	$	74

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Investment in Equipment and Leases, Net

12 Months Ended

Dec. 31, 2018

Investments in Equipment and Leases, Net [Abstract]

Investments in Equipment and Leases, Net

5.  Investments in equipment and leases, net:

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

					Depreciation/
					Amortization
	Balance		Reclassifications		Expense or		Balance
	December 31,		& Additions /		Amortization		December 31,
	2017		Dispositions		of Leases		2018
Net investment in operating leases	$	27,926	$	(3,443)	$	(4,206)	$	20,277
Net investment in direct financing leases		8		—		(3)		5
Assets held for sale or lease, net		1,389		1,074		—		2,463
Initial direct costs, net of accumulated amortization of $182 at       December 31, 2018 and $235 at December 31, 2017		82		—		(50)		32
Total	$	29,405	$	(2,369)	$	(4,259)	$	22,777

Impairment of investments in leases:

The Company recorded fair value adjustments of $0 and $11 thousand, respectively, during 2018 and 2017, to reduce the cost basis of off-lease equipment.

The Company utilizes a straight line depreciation method over the term of the equipment lease for equipment on operating leases currently in its portfolio. Depreciation expense on the Company’s equipment totaled $4.2 million and $4.7 million for the years ended December 31, 2018 and 2017, respectively. IDC amortization expense related to the Company’s operating leases totaled $50 thousand and $71 thousand for 2018 and 2017, respectively.

All of the Company’s lease asset purchases and capital improvements were made during the years from 2011 through 2015.

Operating leases:

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

	Balance						Balance
	December 31,				Reclassifications		December 31,
	2017		Additions		or Dispositions		2018
Marine vessel	$	19,410	$	—	$	—	$	19,410
Manufacturing		7,836		—		—		7,836
Transportation, rail		8,575		—		(889)		7,686
Facility – other		5,084		—		—		5,084
Agriculture		2,112		—		—		2,112
Construction		2,590		—		(581)		2,009
Other		7,657		—		(5,674)		1,983
Research		2,250		—		(2,250)		—
		55,514		—		(9,394)		46,120
Less accumulated depreciation		(27,588)		(4,206)		5,951		(25,843)
Total	$	27,926	$	(4,206)	$	(3,443)	$	20,277

The average estimated residual value for assets on operating leases was 34% and 36% of the assets’ original cost at December 31, 2018 and 2017, respectively. There was an operating lease in non-accrual status at December 31, 2017.

Direct financing leases:

As of December 31, 2018 and 2017, investment in direct financing leases consists of various types of materials handling equipment.

The components of the Company’s investment in direct financing leases as of December 31, 2018, and 2017 (in thousands):

	Balance		Balance
	December 31,		December 31,
	2018		2017
Total minimum lease payments receivable	$	6	$	12
Estimated residual values of leased equipment (unguaranteed)		1		1
Investment in direct financing leases		7		13
Less unearned income		(2)		(5)
Net investment in direct financing leases	$	5	$	8

As of December 31, 2018 and 2017, there were no investments in direct financing leases in non-accrual status.

At December 31, 2018, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

			Direct
	Operating		Financing
	Leases		Leases		Total
Year ending  December 31, 2019	$	2,571	$	6	$	2,577
2020		1,189		—		1,189
2021		884		—		884
2022		773		—		773
2023		48		—		48
Thereafter		64		—		64
	$	5,529	$	6	$	5,535

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of December 31, 2018 and 2017, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Transportation, rail	35 – 50
Marine vessel	20 – 30
Aviation	15 – 20
Manufacturing	10 – 15
Agriculture	7 – 10
Construction	7 – 10
Materials handling	7 – 10
Transportation	7 – 10

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Allowance for Credit Losses

12 Months Ended

Dec. 31, 2018

Allowance for Credit Losses [Abstract]

Allowance for Credit Losses

6.  Allowance for credit losses:

The Company’s allowance for credit losses are as follows (in thousands):

			Valuation
	Allowance for		Adjustments
	Doubtful		on Financing		Total
	Accounts		Receivables		Allowance for
	Operating Leases		Notes Receivable		Credit Losses
Balance December 31, 2016	$	45	$	55	$	100
Reversal of provision for credit losses		(1)		(43)		(44)
Balance December 31, 2017		44		12		56
(Reversal of) provision for credit losses		(44)		55		11
Balance December 31, 2018	$	—	$	67	$	67

As of December 31, 2018 and 2017, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

December 31, 2018	Notes  Receivable		Finance Leases
Allowance for credit losses:
Ending balance	$	67	$	—
Ending balance: individually evaluated for impairment	$	67	$	—
Ending balance: collectively evaluated for impairment	$	—	$	—
Financing receivables:
Ending balance	$	—	$	5
Ending balance: individually evaluated for impairment	$	—	$	5
Ending balance: collectively evaluated for impairment	$	—	$	—

	Notes			Finance
December 31, 2017	Receivable			Leases
Allowance for credit losses:
Ending balance	$	12		$	—
Ending balance: individually evaluated for impairment	$	12		$	—
Ending balance: collectively evaluated for impairment	$	—		$	—
Financing receivables:
Ending balance	$	127	1	$	8
Ending balance: individually evaluated for impairment	$	127		$	8
Ending balance: collectively evaluated for impairment	$	—		$	—

1 Includes $7 of unamortized initial direct costs.

The Company evaluates the credit quality of its financing receivables on a scale equivalent to the following quality indicators related to corporate risk profiles:

Pass — Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody’s or S&P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the manager to fall into one of the three risk profiles below.

Special Mention — Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the calendar quarter to fund their continuing operations. These accounts deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the Fund’s receivable at some future date.

Substandard — Any account that is inadequately protected by the current worth and paying capacity of the borrower or of the collateral pledged, if any. Accounts that are so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Fund will sustain some loss as the likelihood of fully collecting all receivables may be questionable if the deficiencies are not corrected. Such accounts are on the Manager’s Credit Watch List.

Doubtful — Any account where the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Accordingly, an account that is so classified is on the Manager’s Credit Watch List, and has been declared in default and the Manager has repossessed, or is attempting to repossess, the equipment it financed. This category includes impaired notes and leases as applicable.

At December 31, 2018 and 2017, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

	Notes Receivable				Finance Leases
	2018		2017		2018		2017
Pass	$	—	$	58	$	5	$	8
Special mention		—		12		—		—
Substandard		—		50		—		—
Doubtful		67		—		—		—
Total	$	67	$	120	$	5	$	8

As of December 31, 2018, the Company’s impaired investment in financing receivables were as follows (in thousands):

	December 31, 2018
			Unpaid				Average
	Recorded		Principal		Related		Recorded		Interest Income
	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded
Notes receivable	$	—	$	—	$	—	$	—	$	—
With an allowance recorded
Notes receivable		67		67		67		—		—
Total	$	67	$	67	$	67	$	—	$	—

	December 31, 2017
			Unpaid				Average
	Recorded		Principal		Related		Recorded		Interest Income
	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded
Notes receivable	$	—	$	—	$	—	$	—	$	—
With an allowance recorded
Notes receivable		12		12		12		34		—
Total	$	12	$	12	$	12	$	34	$	—

At December 31, 2018 and 2017, the investment in financing receivables is aged as follows (in thousands):

													Recorded
											Total		Investment>90
	31‑60 Days		61‑90 Days		Greater Than		Total				Financing		Days and
December 31, 2018	Past Due		Past Due		90 Days		Past Due		Current		Receivables		Accruing
Notes receivable	$	—	$	—	$	—	$	—	$	67	$	67	$	—
Finance leases		—		—		—		—		5		5		—
Total	$	—	$	—	$	—	$	—	$	72	$	72	$	—

													Recorded
											Total		Investment>90
	31‑60 Days		61‑90 Days		Greater Than		Total				Financing		Days and
December 31, 2017	Past Due		Past Due		90 Days		Past Due		Current		Receivables		Accruing
Notes receivable	$	—	$	—	$	—	$	—	$	120	$	120	$	—
Finance leases		—		—		—		—		8		8		—
Total	$	—	$	—	$	—	$	—	$	128	$	128	$	—

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Related Party Transactions

12 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

7. 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 the 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.

AFS and ATEL Leasing Corporation (“ALC”) is a wholly owned subsidiary of ATEL Capital Group, Inc. and  performs services for the Company on behalf of the Managing Member. 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 total 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 years ended December 31, 2018 and 2017 as follows (in thousands):

	2018		2017
Administrative costs reimbursed to Managing Member and/or affiliates	$	801	$	1,000
Asset management fees to Managing Member		258		360
Acquisition and initial direct costs paid to Managing Member		—		6
	$	1,059	$	1,366

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Non-Recourse Debt

12 Months Ended

Dec. 31, 2018

Non-Recourse Debt [Abstract]

Non-Recourse Debt

8.  Non-recourse debt:

At December 31, 2018, non-recourse debt consists of notes payable to financial institutions. The notes are due in monthly installments. Interest on the notes is at fixed rates ranging from 2.8% to 3.66% per annum. The notes are secured by assignments of lease payments and pledges of assets. At December 31, 2018, gross operating lease rentals totaled approximately $1.2 million over the remaining lease terms; and the carrying value of the pledged assets is $12.4 million. The notes mature at various dates from 2019 through 2020.

The non-recourse debt does not contain any material financial covenants. The debt is secured by a specific lien granted by the Company to the non-recourse lender on (and only on) the discounted lease transactions. The lender has recourse only to the following collateral: the leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation is payable solely out of the respective specific security and the Company does not guarantee (nor is 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 does not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company is directly and generally liable and responsible for certain representations, warranties, and covenants made to the lender, 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 are viewed by such industry as being consistent with non-recourse discount financing obligations. Accordingly, as there are no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company has determined that there are no material covenants with respect to the non-recourse debt that warrant footnote disclosure.

Future minimum payments of non-recourse debt are as follows (in thousands):

	Principal		Interest		Total
Year ending December 31, 2019	$	1,146	$	16	$	1,162
2020		45		—		45
	$	1,191	$	16	$	1,207

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Senior Long-Term Debt

12 Months Ended

Dec. 31, 2018

Senior long-Term Debt [Abstract]

Senior Long-Term Debt

9.  Senior long-term debt:

As of December 31, 2018, the $2.1 million of senior long-term debt consists of a note payable to a lender. Such debt was utilized during the fourth quarter of 2013 to partially fund the marine vessel and related bareboat charter purchased by the Fund and its affiliate, ATEL 14, LLC. The note bears interest at a fixed-rate of 3.5% per annum, to accrue in arrears on a monthly basis. The full pro rata principal amount of $2.1 million plus all outstanding accrued and unpaid interest of approximately $400 thousand shall be paid in one payment of $2.5 million due on May 25, 2019. The note is recourse to the residual value of the vessel which is expected to be well in excess of the note amount. In addition, the lender has recourse to the Fund’s general assets up to $2.5  million. The note does not contain any material financial covenants and is guaranteed as a senior obligation by the Fund.

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Borrowing Facilities

12 Months Ended

Dec. 31, 2018

Borrowing Facilities [Abstract]

Borrowing Facilities

10.  Borrowing facilities:

Effective May 25, 2012, the Company participates with AFS and certain of its affiliates in a revolving credit facility (the “Credit Facility”) with a syndicate of financial institutions as lenders. The Credit Facility is comprised of a working capital facility to AFS, an acquisition facility (the “Acquisition Facility”), Institutional Leasing Sub Facility, and a warehouse facility (the “Warehouse Facility”) to AFS, the Company and affiliates, and a venture facility available to an affiliate. As of December 31, 2018, the Credit Facility is for an amount of $75.0 million and has been extended to June 30, 2019. The lending syndicate providing the Credit Facility has a blanket lien on all of the Company’s assets as collateral for any and all borrowings under the Acquisition Facility, and on a pro-rata basis under the Warehouse Facility. Such Credit Facility includes certain financial covenants.

As of December 31, 2018 and 2017, borrowings under the Credit Facility were as follows (in thousands):

	2018		2017
Total available under the financing arrangement	$	75,000	$	75,000
Amount borrowed by the Company under the acquisition facility		—		(2,250)
Amount borrowed by affiliated partnerships and limited liability companies under the    working capital, acquisition and warehouse facilities		(2,110)		(3,520)
Total remaining available under the working capital, acquisition and warehouse facilities	$	72,890	$	69,230

The Company and its affiliates pay an annual commitment fee to have access to this line of credit. As of December 31, 2018, the aggregate amount of the Credit Facility is potentially available to the Company, subject to certain sub-facility and borrowing-base limitations. However, as amounts are drawn on the Credit Facility by each of the Company and the affiliates who are borrowers under the Credit Facility, the amount remaining available to all borrowers to draw under Credit Facility is reduced. As the Warehousing Facility is a short term bridge facility, any amounts borrowed under the Warehousing Facility, and then repaid by the affiliated borrowers (including the Company) upon allocation of an acquisition to a specific purchaser, become available under the Warehouse Facility for further short term borrowing.

As of December 31, 2018, the Company’s Tangible Net Worth requirement under the Credit Facility was $10.0 million, the permitted maximum leverage ratio was not to exceed 1.25 to 1, and the required minimum interest coverage ratio was not to be less than 2 to 1. The Company was in compliance with these financial covenants under the Credit Facility with a minimum Tangible Net Worth, leverage ratio and interest coverage ratio, as calculated per the Credit Facility agreement of $21.3 million, 0.15 to 1 and 36.45  to 1, respectively, as of December 31, 2018. As such, as of December 31, 2018, the Company was in compliance with all material financial covenants, and with all other material conditions of the Credit Facility. The Company does not anticipate any covenant violations nor does it anticipate that any of these covenants will restrict its operations or its ability to procure additional financing.

Fee and interest terms

The interest rate on the Credit Facility is based on either the LIBOR/Eurocurrency rate of 1‑, 2‑, 3‑ or 6‑month maturity plus a lender designated spread, or the bank’s Prime rate, which re-prices daily. Principal amounts of loans made under the Credit Facility that are prepaid may be re-borrowed on the terms and subject to the conditions set forth under the Credit Facility. As of December 31, 2018, the Company had no borrowing under the Credit Facility. As of December 31, 2017, the Company had borrowings totaling $2.3 million with an effective interest rates ranging from 3.72% to 3.82%. During the year ended December 31, 2017, the weighted average interest rate on borrowings was 3.62%.  

Warehouse facility

To hold the assets under the Warehousing Facility prior to allocation to specific investor programs, a Warehousing Trust has been entered into by the Company, AFS, ALC, and certain of the affiliated partnerships and limited liability companies. The Warehousing Trust is used by the Warehouse Facility borrowers to acquire and hold, on a short-term basis, certain lease transactions that meet the investment objectives of each of such entities. Each of the leasing programs sponsored by AFS and ALC is a pro rata participant in the Warehousing Trust, as described below. When a program no longer has a need for short-term financing provided by the Warehousing Facility, it is removed from participation, and as new leasing investment entities are formed by AFS and ALC and commence their acquisition stages, these new entities are added.

As of December 31, 2018, the investment program participants were the Company, ATEL 14, LLC, ATEL 16, LLC and ATEL 17, LLC. Pursuant to the Warehousing Trust, the benefit of the lease transaction assets, and the corresponding liabilities under the Warehouse Facility, inure to each of such entities based upon each entity’s pro-rata share in the Warehousing Trust estate. The “pro-rata share” is calculated as a ratio of the net worth of each entity over the aggregate net worth of all entities benefiting from the Warehousing Trust estate, excepting that the trustees, AFS and ALC, are both jointly and severally liable for the pro-rata portion of the obligations of each of the affiliated limited liability companies participating under the Warehouse Facility. Transactions are financed through this Warehouse Facility only until the transactions are allocated to a specific program for purchase or are otherwise disposed by AFS and ALC. When a determination is made to allocate the transaction to a specific program for purchase by the program, the purchaser repays the debt associated with the asset, either with cash or by means of proceeds of a draw under the Acquisition Facility, and the asset is removed from the Warehouse Facility collateral, and ownership of the asset and any debt obligation associated with the asset are assumed solely by the purchasing entity.

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Commitments

12 Months Ended

Dec. 31, 2018

Commitments [Abstract]

Commitments

11.  Commitments:

At December 31, 2018, there were no commitments to purchase lease assets or to fund investments in notes receivable.

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Guarantees

12 Months Ended

Dec. 31, 2018

Guarantees [Abstract]

Guarantees

12.  Guarantees:

The Company enters into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

The Managing Member knows of no facts or circumstances that would make the Company’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company’s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.

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Members' Capital

12 Months Ended

Dec. 31, 2018

Members' Capital [Abstract]

Members' Capital

13.  Members’ capital:

A total of 6,542,557 Units and 6,557,057 Units were issued and outstanding at December 31, 2018 and 2017, respectively, including the 50 Units issued to the initial Member (Managing Member). The Fund was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial Member.

The Company has the right, exercisable at the Managing Member’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Managing Member on terms it determines to be appropriate under given circumstances, in the event that the Managing Member deems such repurchase to be in the best interest of the Company; provided, the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs.

The Fund’s net income or net losses are to be allocated 100% to the members. From the commencement of the Fund until the initial closing date, net income and net loss were allocated 99% to the Managing Member and 1% to the initial members. Commencing with the initial closing date, net income and net loss are to be allocated 92.5% to the members and 7.5% to the Managing Member.

Fund distributions are to be allocated 7.5% to the Managing Member and 92.5% to the members. The Company commenced periodic distributions during the first quarter of 2012.

Distributions to the Other Members for the years ended December 31, 2018 and 2017 were as follows (in thousands except Units and per Unit data):

	2018		2017
Distributions declared	$	1,303	$	5,891
Weighted average number of Units outstanding		6,544,057		6,564,381
Weighted average distributions per Unit	$	0.20	$	0.90

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Fair Value Measurements

12 Months Ended

Dec. 31, 2018

Fair Value Measurements [Abstract]

Fair Value Measurements

14.  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.

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.

At December 31, 2018, the Company’s warrants and investment securities were measured on a recurring basis. At December 31, 2017, only the Company’s warrants were measured on a recurring basis. During the same comparative years, the Company recorded non-recurring adjustments to reduce the cost basis of certain assets deemed impaired. Such non-recurring adjustments reduced the cost basis of off lease equipment and notes receivable during 2018 and 2017, respectively.

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, notes receivable 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.

Such 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, and a risk free interest rate for the term(s) of the warrant exercise(s). As of December 31, 2018 and 2017, the calculated fair value of the Fund’s warrant portfolio approximated $376 thousand and $387 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 and classified as Level 3 are as follows (in thousands):

	2018		2017
Fair value of warrants at beginning of year	$	387	$	390
Unrealized loss on fair valuation of warrants		(11)		(3)
Fair value of warrants at end of year	$	376	$	387

Impaired notes receivable (non-recurring)

The fair value of the Company’s notes receivable, when impairment adjustments are required, is estimated using either third party appraisals or estimations of the value of collateral (for collateral dependent loans).

During the year ended December 31, 2018, and 2017 the Company had recorded $67 thousand and $0 thousand, respectively, of fair value adjustments relative to impaired notes.

Investment securities (recurring)

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.

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 year ended December 31, 2018 and classified as Level 1 are as follows (in thousands):

Fair value of securities at the beginning of year	$	101
Unrealized gain on fair valuation of securities		26
Fair value of investment securities at the end of year		127

Impaired off-lease equipment (non-recurring)

During the years ended December 31, 2018 and 2017, the Company recorded fair value adjustments totaling $0 and $11 thousand, respectively, to reduce the cost basis of certain-off lease equipment deemed impaired. The fair value adjustment recorded during the year ended December 31, 2017 was non-recurring and consisted of materials handling equipment. The impaired asset was subsequently sold during 2018.

Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired lease assets were classified within Level 3 of the valuation hierarchy as the data source utilized for the valuation of such 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.

			Level 1		Level 2		Level 3
			Estimated		Estimated		Estimated
	December 31,2018		Fair Value		Fair Value		Fair Value
Impaired notes receivable, net	$	67	$	—	$	—	$	—

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

December 31, 2018
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.00 - $9.98
			Exercise price	$0.10 - $1,000.00
			Time to maturity (in years)	1.62 - 7.08
			Risk-free interest rate	2.46% - 2.59%
			Annualized volatility	35.36% - 91.94%

December 31, 2017
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.00 - $14.75
			Exercise price	$0.01 - $1,000.00
			Time to maturity (in years)	2.62 - 8.08
			Risk-free interest rate	1.94% - 2.36%
			Annualized volatility	35.35% - 84.08%

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 determines 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. 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.

Notes receivable

The fair value of the Company’s notes receivable is generally estimated based upon various methodologies deployed by financial and credit management including, but not limited to, credit analysis, third party appraisal and/or discounted cash flow analysis based upon current market valuation techniques and market rates for similar types of lending arrangements, which may consider adjustments for impaired loans as deemed necessary.

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 price.

Credit facility

The credit facility includes the outstanding amounts on the Company’s credit facility. The carrying amount of these variable rate obligations approximate fair value based on current borrowing rates for similar types of borrowings.

Non-recourse and Senior long-term debt

The fair value of the Company’s non-recourse and long-term 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 December 31, 2018 and 2017 (in thousands):

	Fair Value Measurements at December 31, 2018
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,716	$	1,716	$	—	$	—	$	1,716
Investment in securities		127		127		—		—		127
Warrants, fair value		376		—		—		376		376
Financial liabilities:
Non-recourse debt		1,191		—		—		1,187		1,187
Senior long-term debt		2,068		—		—		2,456		2,456

	Fair Value Measurements at December 31, 2017
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	932	$	932	$	—	$	—	$	932
Notes receivable, net		115		—		—		115		115
Warrants, fair value		387		—		—		387		387
Financial liabilities:
Credit facility		2,250		—		—		2,250		2,250
Non-recourse debt		4,677		—		—		4,674		4,674
Senior long-term debt		2,068		—		—		2,379		2,379

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Summary of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2018

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation:

The accompanying balance sheets as of December 31, 2018 and 2017, and the related statements of operations, changes in members’ capital, and cash flows for the years then ended, have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission. Certain prior year amounts may have been reclassified to conform to the current year 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 financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after December 31, 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, and 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 for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.

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 on historical charge off and collection experience and the collectability 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.

Credit Risk

Credit risk:

Financial instruments that potentially subject the Company to concentrations of credit risk include cash and cash equivalents, operating and direct financing lease receivables, notes receivable and accounts receivable. The Company places the majority of its cash deposits in noninterest-bearing accounts with financial institutions that have no less than $10 billion in assets. Such deposits are insured up to $250 thousand. The remainder of the Funds’ 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 and notes receivable represent amounts due from lessees or borrowers in various industries, related to equipment on operating and direct financing leases or notes receivable.

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 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 the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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.

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.

Direct Financing Leases and Related Revenue Recognition

Direct financing leases and related revenue recognition:

Income from direct financing lease transactions is reported using the financing method of accounting, in which the Company’s investment in the leased property is reported as a receivable from the lessee to be recovered through future rentals. The interest income portion of each rental payment is calculated so as to generate a constant rate of return on the net receivable outstanding.

Allowances for losses on direct financing leases are typically established based on historical charge-off and collection experience and the collectability of specifically identified lessees and billed and unbilled receivables. Direct financing leases are charged off to the allowance as they are deemed uncollectible.

Direct financing leases are generally placed in a non-accrual status (i.e., no revenue is recognized) and deemed impaired when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of all direct finance lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related direct financing 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, all payments received are applied only against outstanding principal balances.

Notes Receivable, Unearned Interest Income and Related Revenue Recognition

Notes receivable, unearned interest income and related revenue recognition:

The Company records all future payments of principal and interest on notes as notes receivable, which are then offset by the amount of any related unearned interest income. For financial statement purposes, the Company reports only the net amount of principal due on the balance sheet. The unearned interest is recognized over the term of the note and the income portion of each note payment is calculated so as to generate a constant rate of return on the net balance outstanding. Any fees or costs related to notes receivable are recorded as part of the net investment in notes receivable and amortized over the term of the loan.

Allowances for losses on notes receivable are typically established based on historical charge off and collection experience and the collectability of specifically identified borrowers and billed and unbilled receivables. 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 payments 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.

Notes 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 note payments outstanding less than 90 days. Based upon management’s judgment, the related notes may be placed on non-accrual status. 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, all payments received are applied only against outstanding principal balances.

Initial Direct Costs

Initial direct costs:

The Company capitalizes initial direct costs (“IDC”) associated with the origination and funding of lease assets and investments in notes receivable. IDC includes both internal costs (e.g., the costs of employees’ activities in connection with successful lease and loan originations) and external broker fees incurred with such originations. The costs are amortized on a lease by lease (or note by note) basis based on actual lease term using a straight-line method for operating leases and the effective interest rate method for direct financing leases and notes receivable. Upon disposal of the underlying lease assets and notes receivable, both the initial direct costs and the associated accumulated amortization are relieved. Costs related to leases or notes receivable that are not consummated are not eligible for capitalization as initial direct costs and are expensed as acquisition expense.

Acquisition Expense

Acquisition expense:

Acquisition expense represents costs which include, but are not limited to, legal fees and expenses, travel and communication expenses, cost of appraisals, accounting fees and expenses and miscellaneous expenses related to the selection and acquisition of equipment which are reimbursable to the Managing Member under the terms of the Operating Agreement. As the costs are not eligible for capitalization as initial direct costs, such amounts are expensed as incurred.

Asset Valuation

Asset valuation:

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 the 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. 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.

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 Company’s principal decision makers are the Managing Member’s Chief Executive Officer and its Chief Financial Officer and Chief Operating Officer. The Company believes that its equipment leasing business operates as one reportable segment because: a) the Company measures profit and loss at the equipment portfolio level as a whole; b) the principal decision makers do not review information based on any operating segment other than the equipment leasing transaction portfolio; c) the Company does not maintain discrete financial information on any specific segment other than its equipment financing operations; d) the Company has not chosen to organize its business around different products and services other than equipment lease financing; and e) the Company has not chosen to organize its business around geographic areas.

The primary geographic region in which the Company seeks leasing opportunities is North America. As of and for the years ended December 31, 2018 and 2017, all of the Company’s current operating revenues and long-lived assets relate to customers domiciled in the United States.

Investment in Securities

Investment in securities:

Purchased securities

The Company’s purchased 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’s purchased 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. The Company had $144 thousand and $133 thousand of purchased securities at December 31, 2018 and 2017, respectively. Based upon the Company’s review of its investment in securities portfolio, the Company recorded fair value adjustments on investment in securities totaling $26 thousand and $0 during 2018 and 2017, respectively. The Company recorded impairment adjustments on investment securities totaling $17 thousand and $50 thousand at December 31, 2018 and 2017, respectively. There was no gain on sales or dispositions of investment in securities in 2018 and 2017.

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. The Company recorded unrealized losses of $11 thousand and $3 thousand on fair valuation of its warrants during 2018 and 2017, respectively. The unrealized losses recorded during 2018 and 2017 reduced the estimated fair value of the Company’s portfolio of warrants to $376 thousand at December 31, 2018 from $387 thousand at December 31, 2017. The Company realized no gains or losses from the net exercise of warrants during 2018 and 2017.

Unearned Operating Lease Income

Unearned operating lease income:

The Company records prepayments on operating leases as a liability under the caption of unearned operating lease income. The liability is recorded when prepayments are received and recognized as operating lease revenue over the period to which the prepayments relate using a straight-line method.

Income Taxes

Income Taxes:

The Company is treated as a partnership for federal income tax purposes. Pursuant to the provisions of Section 701 of the Internal Revenue Code, a partnership is not subject to federal income taxes. Accordingly, the Company has provided current franchise income taxes for only those states which levy income taxes on partnerships. For the years ended December 31, 2018 and 2017, the related provision for state income taxes was approximately $9 thousand and $7 thousand, respectively. The Company does not have any entity level uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions and is generally subject to examination by U.S. federal (or state and local) income tax authorities for three years from the filing of a tax return.

The tax bases of the Company’s net assets and liabilities vary from the amounts presented in these financial statements at December 31, 2018 and 2017 as follows (in thousands):

	2018		2017
Financial statement basis of net assets	$	21,289	$	20,434
Tax basis of net assets (unaudited)		25,200		24,056
Difference	$	(3,911)	$	(3,622)

The primary differences between the tax bases of net assets and the amounts recorded in the financial statements are the result of differences in accounting for syndication costs and differences between the depreciation methods used in the financial statements and the Company’s tax returns.

The following reconciles the net income (loss) reported in these financial statements to the income (loss) reported on the Company’s federal tax return (unaudited) for the years ended December 31, 2018 and 2017 (in thousands):

	2018		2017
Net income (loss) per financial statements	$	2,324	$	(39)
Tax adjustments (unaudited):
Adjustment to depreciation expense		(232)		(577)
Provision for losses and doubtful accounts		(43)		(1)
Adjustments to revenues		(120)		283
Adjustments to gain on sales of assets		1,233		156
Other		68		(50)
Income (loss) per federal tax return (unaudited)	$	3,230	$	(228)

Per Unit Data

Per Unit data:

Net loss and distributions per Unit are based upon the weighted average number of Other Members Units outstanding during the year.

Recent Accounting Pronouncements

Recent accounting pronouncements:

In November 2018, the FASB issued Accounting Standards Update 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses (“ASU 2018-19”). The new standard clarifies certain aspects of the new current expected credit losses (CECL) impairment model in ASU 2016-13. The amendment clarifies that receivables arising from operating leases are within the scope of ASC 842, rather than ASC 326. The effective date and transition requirements in this Update are the same as the effective dates and transition requirements in Update 2016-13, as amended by this Update, which is for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Management is currently evaluating the impact of the standard on the financial statements and related disclosure requirements.

In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (“ASU 2018-13”), which amends the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. This ASU modifies disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted upon issuance of this Update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this Update and delay adoption of the additional disclosures until their effective date. Management is currently evaluating the impact of this standard on the financial statements and related disclosure requirements.

In August 2016, the 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. The Company plans to adopt this guidance on January 1, 2019 and will prospectively apply the new lease requirements and recognize a cumulative effect adjustment upon adoption. As part of the adoption, the Company has elected to apply the package of transitional practical expedients under which the Company will not reassess prior conclusions about lease identification, lease classification, and initial direct costs of existing leases as of the date of adoption. Under Topic 842, initial direct costs include only those incremental costs of a lease that would not have been incurred if the lease had not been executed. Therefore, only certain costs that the Company capitalized as initial direct costs under ASC Topic 840: Leases may be expensed as incurred under Topic 842. The Company expects an immaterial cumulative effect adjustment upon adoption. The Company plans to elect the lessor practical expedient to combine the lease and non-lease components. The Company expects that the lease components are the predominant component in the majority of its leasing arrangements and will account for the combined component as an operating lease under Topic 842. The Company currently does not believe the adoption will significantly affect the timing of the recognition of its combined lease and non-lease components.

In December 2018, the FASB issued Accounting Standards Update 2018-20, Narrow-Scope Improvements for Lessors (“ASU 2018-20”). The new standard includes amendments related to sales taxes and other similar taxes collected from lessees, lessor costs paid by a lessee and recognition of variable payments for contracts with lease and non-lease components. The effective date in this Update is the same as that of ASU 2016-02, which is for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company plans to adopt this guidance on January 1, 2019. The Company expects the adoption of ASU 2018-20 will have an immaterial impact on the Company’s financial statements and disclosures.

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 purchased securities registered for public sale with readily determinable fair value are carried at fair value. 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 was effective for the Company beginning on January 1, 2018. The adoption of ASU 2014-09 did not have a material impact on the Company’s financial statements and disclosures as revenues calculated under the new guidelines were substantially the same as had previously been determined.

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Summary of Significant Accounting Policies [Abstract]

Schedule of Differences Between Book Value and Tax Basis of Net Assets

The tax bases of the Company’s net assets and liabilities vary from the amounts presented in these financial statements at December 31, 2018 and 2017 as follows (in thousands):

	2018		2017
Financial statement basis of net assets	$	21,289	$	20,434
Tax basis of net assets (unaudited)		25,200		24,056
Difference	$	(3,911)	$	(3,622)

Reconciliation of Net Income (Loss) Reported in Financial Statements and Federal Tax Return

The following reconciles the net income (loss) reported in these financial statements to the income (loss) reported on the Company’s federal tax return (unaudited) for the years ended December 31, 2018 and 2017 (in thousands):

	2018		2017
Net income (loss) per financial statements	$	2,324	$	(39)
Tax adjustments (unaudited):
Adjustment to depreciation expense		(232)		(577)
Provision for losses and doubtful accounts		(43)		(1)
Adjustments to revenues		(120)		283
Adjustments to gain on sales of assets		1,233		156
Other		68		(50)
Income (loss) per federal tax return (unaudited)	$	3,230	$	(228)

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Concentration of Credit Risk and Major Customers (Tables)

12 Months Ended

Dec. 31, 2018

Concentration of Credit Risk and Major Customers [Abstract]

Schedule of Equipment Lease Credit Risk Concentration

As of December 31, 2018 and 2017, there were concentrations (greater than or equal to 10% as a percentage of total equipment cost) of equipment leased to lessees and/or financed for borrowers in certain industries as follows:

Industry	2018		2017
Oil/Gas extraction	40	%	35	%
Rail transport	16	%	*
Manufacturing	12	%	20	%

*Less than 10%

Schedule of Leasing and Lending Revenues

During 2018 and 2017, certain lessees and/or financial borrowers generated significant portions (defined as greater than or equal to 10%) of the Company’s total leasing and lending revenues, excluding gains or losses on disposition of assets, as follows:

		Percentage of Total Leasing and
		Lending Revenues
Lessee	Type of Equipment	2018		2017
Halliburton Overseas Limited	Marine vessel	37	%	34	%
GE Aviation	Manufacturing	13	%	12	%
Other	Other	13	%	*
Cargill, Inc.	Material handling	11	%	12	%
The Kansas City Southern Railway Company	Transportation, rail	11	%	11	%
Signiture Brands, LLC	Food Processing	*		12	%

* Less than 10%

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Notes Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2018

Notes Receivable, Net

Schedule of Notes Receivable on Non-Accrual Status

At December 31, 2018, two of the Company’s notes receivable were removed from non-accrual status. As of December 31, 2017, two of the Company’s notes receivable were on non-accrual status. Details are as follows, in thousands, except for the number of notes receivable and the interest rate.

	Notes receivable
	Non-accrual
	December 31, 2017
Number of notes		2
Net investment value	$	12
Annual interest rate		18.00	%
Fair value adjustments	$	12
Fair value amount	$	—
Interest income not recorded relative to original terms	$	7

Date	Note modification
December 1, 2014	Notes placed on non-accrual status.
January 1, 2015	Defer payment of principal, interest-only payments at their original rates through June 30, 2015. Payments will be adjusted so ultimate amounts paid will reflect interest earned at 18% per annum related to the entire term from the original funding date.
1st quarter 2015	Impairment totaling $27 thousand was recorded.
3rd quarter 2015	Impairment totaling $23 thousand was recorded.
4th quarter 2015	Extend interest only payments through June 30, 2016. Entire balance on the notes due on July 1, 2016.
1st quarter 2016	Impairment totaling $5 thousand was recorded.
3rd quarter 2016	Final payment due on January 1, 2017.
4th quarter 2016	All accounts are current under the forbearance agreement.
1st quarter 2017	Extend payment schedule through January 1, 2020. Notes mature on January 1, 2020.
2nd quarter 2017	Fair value adjustment totaling $14 thousand was recorded.
3rd quarter 2017	Fair value adjustment totaling $14 thousand was recorded.
1st quarter 2018	Notes removed from non-accrual status as of March 31, 2018

Minimum Future Payments Receivable

As of December 31, 2018, the minimum future payments receivable are as follows (in thousands):

Twelve months ending December 31, 2019		58
Less: portion representing unearned interest income		(58)
Notes receivable, net	$	—

Initial Direct Costs, Amortization Expense Related to Notes Receivable and Company's Operating and Direct Finance Leases

IDC amortization expense related to notes receivable and the Company’s operating and direct finance leases for the years ended December 31, 2018 and 2017 are as follows (in thousands):

	2018		2017
IDC amortization – notes receivable	$	7	$	3
IDC amortization – lease assets		50		71
Total	$	57	$	74

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Investment in Equipment and Leases, Net (Tables)

12 Months Ended

Dec. 31, 2018

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

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

					Depreciation/
					Amortization
	Balance		Reclassifications		Expense or		Balance
	December 31,		& Additions /		Amortization		December 31,
	2017		Dispositions		of Leases		2018
Net investment in operating leases	$	27,926	$	(3,443)	$	(4,206)	$	20,277
Net investment in direct financing leases		8		—		(3)		5
Assets held for sale or lease, net		1,389		1,074		—		2,463
Initial direct costs, net of accumulated amortization of $182 at       December 31, 2018 and $235 at December 31, 2017		82		—		(50)		32
Total	$	29,405	$	(2,369)	$	(4,259)	$	22,777

Property on Operating Leases

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

	Balance						Balance
	December 31,				Reclassifications		December 31,
	2017		Additions		or Dispositions		2018
Marine vessel	$	19,410	$	—	$	—	$	19,410
Manufacturing		7,836		—		—		7,836
Transportation, rail		8,575		—		(889)		7,686
Facility – other		5,084		—		—		5,084
Agriculture		2,112		—		—		2,112
Construction		2,590		—		(581)		2,009
Other		7,657		—		(5,674)		1,983
Research		2,250		—		(2,250)		—
		55,514		—		(9,394)		46,120
Less accumulated depreciation		(27,588)		(4,206)		5,951		(25,843)
Total	$	27,926	$	(4,206)	$	(3,443)	$	20,277

Components of Company's Investment in Direct Financing Leases

The components of the Company’s investment in direct financing leases as of December 31, 2018, and 2017 (in thousands):

	Balance		Balance
	December 31,		December 31,
	2018		2017
Total minimum lease payments receivable	$	6	$	12
Estimated residual values of leased equipment (unguaranteed)		1		1
Investment in direct financing leases		7		13
Less unearned income		(2)		(5)
Net investment in direct financing leases	$	5	$	8

Future Minimum Lease Payments Receivable

At December 31, 2018, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

			Direct
	Operating		Financing
	Leases		Leases		Total
Year ending  December 31, 2019	$	2,571	$	6	$	2,577
2020		1,189		—		1,189
2021		884		—		884
2022		773		—		773
2023		48		—		48
Thereafter		64		—		64
	$	5,529	$	6	$	5,535

Schedule of Useful Lives of Assets

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of December 31, 2018 and 2017, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Transportation, rail	35 – 50
Marine vessel	20 – 30
Aviation	15 – 20
Manufacturing	10 – 15
Agriculture	7 – 10
Construction	7 – 10
Materials handling	7 – 10
Transportation	7 – 10

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Allowance for Credit Losses (Tables)

12 Months Ended

Dec. 31, 2018

Allowance for Credit Losses [Abstract]

Activity in Allowance for Doubtful Accounts and Credit Losses

The Company’s allowance for credit losses are as follows (in thousands):

			Valuation
	Allowance for		Adjustments
	Doubtful		on Financing		Total
	Accounts		Receivables		Allowance for
	Operating Leases		Notes Receivable		Credit Losses
Balance December 31, 2016	$	45	$	55	$	100
Reversal of provision for credit losses		(1)		(43)		(44)
Balance December 31, 2017		44		12		56
(Reversal of) provision for credit losses		(44)		55		11
Balance December 31, 2018	$	—	$	67	$	67

Recorded Investment in Financing Receivables

As of December 31, 2018 and 2017, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

December 31, 2018	Notes  Receivable		Finance Leases
Allowance for credit losses:
Ending balance	$	67	$	—
Ending balance: individually evaluated for impairment	$	67	$	—
Ending balance: collectively evaluated for impairment	$	—	$	—
Financing receivables:
Ending balance	$	—	$	5
Ending balance: individually evaluated for impairment	$	—	$	5
Ending balance: collectively evaluated for impairment	$	—	$	—

	Notes			Finance
December 31, 2017	Receivable			Leases
Allowance for credit losses:
Ending balance	$	12		$	—
Ending balance: individually evaluated for impairment	$	12		$	—
Ending balance: collectively evaluated for impairment	$	—		$	—
Financing receivables:
Ending balance	$	127	1	$	8
Ending balance: individually evaluated for impairment	$	127		$	8
Ending balance: collectively evaluated for impairment	$	—		$	—

1 Includes $7 of unamortized initial direct costs.

Financing Receivables by Credit Quality Indicator and by Class

At December 31, 2018 and 2017, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

	Notes Receivable				Finance Leases
	2018		2017		2018		2017
Pass	$	—	$	58	$	5	$	8
Special mention		—		12		—		—
Substandard		—		50		—		—
Doubtful		67		—		—		—
Total	$	67	$	120	$	5	$	8

Schedule of Impaired Loans

As of December 31, 2018, the Company’s impaired investment in financing receivables were as follows (in thousands):

	December 31, 2018
			Unpaid				Average
	Recorded		Principal		Related		Recorded		Interest Income
	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded
Notes receivable	$	—	$	—	$	—	$	—	$	—
With an allowance recorded
Notes receivable		67		67		67		—		—
Total	$	67	$	67	$	67	$	—	$	—

	December 31, 2017
			Unpaid				Average
	Recorded		Principal		Related		Recorded		Interest Income
	Investment		Balance		Allowance		Investment		Recognized
With no related allowance recorded
Notes receivable	$	—	$	—	$	—	$	—	$	—
With an allowance recorded
Notes receivable		12		12		12		34		—
Total	$	12	$	12	$	12	$	34	$	—

Net Investment in Financing Receivables by Age

At December 31, 2018 and 2017, the investment in financing receivables is aged as follows (in thousands):

													Recorded
											Total		Investment>90
	31‑60 Days		61‑90 Days		Greater Than		Total				Financing		Days and
December 31, 2018	Past Due		Past Due		90 Days		Past Due		Current		Receivables		Accruing
Notes receivable	$	—	$	—	$	—	$	—	$	67	$	67	$	—
Finance leases		—		—		—		—		5		5		—
Total	$	—	$	—	$	—	$	—	$	72	$	72	$	—

													Recorded
											Total		Investment>90
	31‑60 Days		61‑90 Days		Greater Than		Total				Financing		Days and
December 31, 2017	Past Due		Past Due		90 Days		Past Due		Current		Receivables		Accruing
Notes receivable	$	—	$	—	$	—	$	—	$	120	$	120	$	—
Finance leases		—		—		—		—		8		8		—
Total	$	—	$	—	$	—	$	—	$	128	$	128	$	—

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Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

Managing Member and/or 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 years ended December 31, 2018 and 2017 as follows (in thousands):

	2018		2017
Administrative costs reimbursed to Managing Member and/or affiliates	$	801	$	1,000
Asset management fees to Managing Member		258		360
Acquisition and initial direct costs paid to Managing Member		—		6
	$	1,059	$	1,366

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Non-Recourse Debt (Tables)

12 Months Ended

Dec. 31, 2018

Non-Recourse Debt [Abstract]

Future Minimum Payments of Non-Recourse Debt

Future minimum payments of non-recourse debt are as follows (in thousands):

	Principal		Interest		Total
Year ending December 31, 2019	$	1,146	$	16	$	1,162
2020		45		—		45
	$	1,191	$	16	$	1,207

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Borrowing Facilities (Tables)

12 Months Ended

Dec. 31, 2018

Borrowing Facilities [Abstract]

Borrowings Under Facility

As of December 31, 2018 and 2017, borrowings under the Credit Facility were as follows (in thousands):

	2018		2017
Total available under the financing arrangement	$	75,000	$	75,000
Amount borrowed by the Company under the acquisition facility		—		(2,250)
Amount borrowed by affiliated partnerships and limited liability companies under the    working capital, acquisition and warehouse facilities		(2,110)		(3,520)
Total remaining available under the working capital, acquisition and warehouse facilities	$	72,890	$	69,230

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Members' Capital (Tables)

12 Months Ended

Dec. 31, 2018

Members' Capital [Abstract]

Distributions to Other Members

Distributions to the Other Members for the years ended December 31, 2018 and 2017 were as follows (in thousands except Units and per Unit data):

	2018		2017
Distributions declared	$	1,303	$	5,891
Weighted average number of Units outstanding		6,544,057		6,564,381
Weighted average distributions per Unit	$	0.20	$	0.90

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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Measurements [Abstract]

Fair Value, Warrants Measured on Recurring Basis

The fair value of warrants that were accounted for on a recurring basis and classified as Level 3 are as follows (in thousands):

	2018		2017
Fair value of warrants at beginning of year	$	387	$	390
Unrealized loss on fair valuation of warrants		(11)		(3)
Fair value of warrants at end of year	$	376	$	387

Fair Value, Investment Securities Measured on Recurring Basis

The fair value of investment securities that were accounted for on a recurring basis as of the year ended December 31, 2018 and classified as Level 1 are as follows (in thousands):

Fair value of securities at the beginning of year	$	101
Unrealized gain on fair valuation of securities		26
Fair value of investment securities at the end of year		127

Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

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.

			Level 1		Level 2		Level 3
			Estimated		Estimated		Estimated
	December 31,2018		Fair Value		Fair Value		Fair Value
Impaired notes receivable, net	$	67	$	—	$	—	$	—

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/adjustments categorized as Level 3 in the fair value hierarchy at December 31, 2018 and 2017:

December 31, 2018
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.00 - $9.98
			Exercise price	$0.10 - $1,000.00
			Time to maturity (in years)	1.62 - 7.08
			Risk-free interest rate	2.46% - 2.59%
			Annualized volatility	35.36% - 91.94%

December 31, 2017
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.00 - $14.75
			Exercise price	$0.01 - $1,000.00
			Time to maturity (in years)	2.62 - 8.08
			Risk-free interest rate	1.94% - 2.36%
			Annualized volatility	35.35% - 84.08%

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 December 31, 2018 and 2017 (in thousands):

	Fair Value Measurements at December 31, 2018
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,716	$	1,716	$	—	$	—	$	1,716
Investment in securities		127		127		—		—		127
Warrants, fair value		376		—		—		376		376
Financial liabilities:
Non-recourse debt		1,191		—		—		1,187		1,187
Senior long-term debt		2,068		—		—		2,456		2,456

	Fair Value Measurements at December 31, 2017
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	932	$	932	$	—	$	—	$	932
Notes receivable, net		115		—		—		115		115
Warrants, fair value		387		—		—		387		387
Financial liabilities:
Credit facility		2,250		—		—		2,250		2,250
Non-recourse debt		4,677		—		—		4,674		4,674
Senior long-term debt		2,068		—		—		2,379		2,379

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Organization and Limited Liability Company Matters (Narrative) (Details) - USD ($)			12 Months Ended	62 Months Ended	92 Months Ended
	Dec. 21, 2011	Oct. 28, 2011	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Apr. 14, 2012	May 03, 2011
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Business formation date			Mar. 04, 2011
Business formation State			California
Business activities, description			equipment financing and acquiring equipment to engage in equipment leasing and sales activities
Public offering of Limited Liability Company Units		15,000,000
Public offering of Limited Liability Company Units, price per unit		$ 10
Sale of Limited Liability Company Units, number of Units	120,000
Proceeds from sale of Limited Liability Company Units	$ 1,200,000				$ 65,900,000
Reinvestment period				6 years
Minimum [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Contributions of capital								$ 7,500,000
Amount of aggregate subscriptions for Pennsylvania subscriptions to be released to the Fund								$ 7,500,000
Other Members [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Members capital account, Units issued			6,542,557	6,542,557	6,542,557	6,557,057
Members capital account, Units outstanding			6,542,557	6,542,557	6,542,557	6,557,057	6,584,221
Initial Member [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Contributions of capital									$ 500

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Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) segment	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Equipment on operating leases, depreciation method	straight-line
Investment in securities	$ 144	$ 133
Warrants, fair value	376	387	$ 390
Gain (loss) on exercise of warrants	$ 0	0
Number of operating segments | segment	1
Number of reportable segments | segment	1
Unrealized gain on fair value adjustment for investment in securities	$ 26
Impairment losses on investment in securities	17	50
Unrealized loss on fair value adjustment for warrants	(11)	(3)
Taxes on income and franchise fees	$ 9	$ 7
Period subject to income tax examination	3 years
Long-Lived Assets [Member]
Percentage of concentration risk in the United States	100.00%	100.00%
Minimum [Member]
Required assets value of financial institutions for cash deposits	$ 10,000,000
Operating leases, period for non accrual status	90 days
Financing leases, period for non accrual status	90 days
Notes receivable, period for non accrual status	90 days
Operating leases, initial terms	36 months
Maximum [Member]
U.S. Treasury instruments maturity period	90 days
Cash deposits, insured amount	$ 250
Operating leases, period of review for impairment	90 days
Financing leases, period of review for impairment	90 days
Notes receivable, period of review for impairment	90 days
Operating leases, initial terms	120 months

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Summary of Significant Accounting Policies (Schedule of Differences Between Book Value and Tax Basis of Net Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Financial statement basis of net assets	$ 21,289	$ 20,434	$ 26,957
Tax basis of net assets (unaudited)	25,200	24,056
Difference	$ (3,911)	$ (3,622)

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Summary of Significant Accounting Policies (Reconciliation of Net Income (Loss) Reported in Financial Statements and Federal Tax Return) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Net income (loss) per financial statements	$ 2,324	$ (39)
Adjustment to depreciation expense	(232)	(577)
Provision for losses and doubtful accounts	(43)	(1)
Adjustments to revenues	(120)	283
Adjustments to gain on sales of assets	1,233	156
Other	68	(50)
Income (loss) per federal tax return (unaudited)	$ 3,230	$ (228)

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Concentration of Credit Risk and Major Customers (Schedule of Leasing and Lending Revenues) (Details)	12 Months Ended
	Dec. 31, 2018		Dec. 31, 2017
Oil/Gas Extraction [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	40.00%		35.00%
Manufacturing [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	12.00%		20.00%
Manufacturing [Member] | GE Aviation [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	13.00%		12.00%
Transportation, Rail [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	16.00%			[1]
Transportation, Rail [Member] | The Kansas City Southern Railway [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	11.00%		11.00%
Materials Handling [Member] | Cargill, Inc. [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	11.00%		12.00%
Marine Vessel [Member] | Halliburton Overseas Limited [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	37.00%		34.00%
Food Processing [Member] | Signature Brands, Inc. [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk		[1]	12.00%
Other Equipment [Member] | Other Customers [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	13.00%			[1]

[1] Less than 10%

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Notes Receivable, Net (Narrative) (Details)	12 Months Ended
	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Notes receivable maturity date, description	have maturity dates in 2019 and 2020
Minimum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable	84 months
Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable	90 months
Notes receivable, interest rate	18.00%

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Notes Receivable, Net (Schedule of Notes Receivable on Non-Accrual Status) (Details) $ in Thousands	3 Months Ended					12 Months Ended
	Sep. 30, 2017 USD ($)	Jun. 30, 2017 USD ($)	Mar. 31, 2016 USD ($)	Sep. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2017 USD ($) contract
Notes Receivable, Net
Number of notes | contract						2
Net investment value						$ 12
Annual interest rate						18.00%
Fair value adjustments						$ 12
Fair value amount
Interest income not recorded relative to original terms						$ 7
Notes receivable in non-accrual status, recorded impairment	$ 14	$ 14	$ 5	$ 23	$ 27

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Notes Receivable, Net (Minimum Future Payments Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes receivable, net		$ 115
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Twelve months ending December 31, 2019	$ 58
Less: portion representing unearned interest income	(58)	$ (107)
Notes receivable, net

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Notes Receivable, Net (Initial Direct Costs, Amortization Expense Related to Notes Receivable and Company's Operating and Direct Finance Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	$ 57	$ 74
Lease Assets [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	50	71
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	$ 7	$ 3

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Investment in Equipment and Leases, Net (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Leases Disclosure [Line Items]
Amortization of initial direct costs	$ 57	$ 74
Depreciation of operating lease assets	$ 4,206	$ 4,736
Average estimated residual value of assets on operating leases	34.00%	36.00%
Impairment losses on equipment		$ 11
Lease Assets [Member]
Leases Disclosure [Line Items]
Amortization of initial direct costs	$ 50	$ 71

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Investment in Equipment and Leases, Net (Investment in Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Leases Disclosure [Line Items]
Balance December 31, 2017	$ 29,405
Reclassifications & Additions/ Dispositions	(2,369)
Depreciation/ Amortization Expense or Amortization of Leases	(4,259)
Balance December 31, 2018	22,777
Initial direct costs, accumulated amortization	182	$ 235
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2017	27,926
Reclassifications & Additions/ Dispositions	(3,443)
Depreciation/ Amortization Expense or Amortization of Leases	(4,206)
Balance December 31, 2018	20,277
Finance Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2017	8
Depreciation/ Amortization Expense or Amortization of Leases	(3)
Balance December 31, 2018	5
Assets Held for Sale [Member]
Leases Disclosure [Line Items]
Balance December 31, 2017	1,389
Reclassifications & Additions/ Dispositions	1,074
Balance December 31, 2018	2,463
Initial Direct Cost [Member]
Leases Disclosure [Line Items]
Balance December 31, 2017	82
Depreciation/ Amortization Expense or Amortization of Leases	(50)
Balance December 31, 2018	$ 32

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Investment in Equipment and Leases, Net (Property on Operating Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	$ 46,120	$ 55,514
Less accumulated depreciation	(25,843)	(27,588)
Property on operating leases, net	20,277	27,926
Additions, less accumulated depreciation	(4,206)
Additions, net	(4,206)
Reclassifications or dispositions, gross	(9,394)
Reclassifications or dispositions, less accumulated depreciation	5,951
Reclassifications or dispositions, net	(3,443)
Marine Vessel [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	19,410	19,410
Manufacturing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	7,836	7,836
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	7,686	8,575
Reclassifications or dispositions, gross	(889)
Facility, Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	5,084	5,084
Agriculture [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,112	2,112
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,009	2,590
Reclassifications or dispositions, gross	(581)
Research [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross		2,250
Reclassifications or dispositions, gross	(2,250)
Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	1,983	$ 7,657
Reclassifications or dispositions, gross	$ (5,674)

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Investments in Equipment and Leases, Net (Components of Investment in Direct Financing Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Investments in Equipment and Leases, Net [Abstract]
Total minimum lease payments receivable	$ 6	$ 12
Estimated residual values of leased equipment (unguaranteed)	1	1
Investment in direct financing leases	7	13
Less unearned income	(2)	(5)
Net investment in direct financing leases	$ 5	$ 8

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Investment in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Operating Leases
Year ending December 31, 2019	$ 2,571
2020	1,189
2021	884
2022	773
2023	48
Thereafter	64
Operating leases, total	5,529
Direct Financing Leases
Year ending December 31, 2019	6
Direct financing leases, total	6
Total
Year ending December 31, 2019	2,577
2020	1,189
2021	884
2022	773
2023	48
Thereafter	64
Operating and Direct financing leases, total	$ 5,535

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Investment in Equipment and Leases, Net (Schedule of Useful Lives of Lease Assets) (Details)	12 Months Ended
	Dec. 31, 2018
Transportation, Rail [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	35 years
Transportation, Rail [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	50 years
Marine Vessel [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	20 years
Marine Vessel [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	30 years
Aviation [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	15 years
Aviation [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	20 years
Manufacturing [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Manufacturing [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	15 years
Agriculture [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Agriculture [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Construction [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Construction [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Materials Handling [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Materials Handling [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Transportation [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Transportation [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years

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Allowance for Credit Losses (Activity in Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 56	$ 100
Provision for credit losses	11	(44)
Ending Balance	67	56
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	12
Ending Balance	67	12
Allowance For Doubtful Accounts [Member] | Operating Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	44	45
Provision for credit losses	(44)	(1)
Ending Balance		44
Valuation Adjustments on Financing Receivables [Member] | Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	12	55
Provision for credit losses	55	(43)
Ending Balance	$ 67	$ 12

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Allowance for Credit Losses (Recorded Investment in Financing Receivables) (Details) - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
Financing Receivables:
Notes receivable unamortized initial direct cost			$ 7
Notes Receivable [Member]
Allowances for credit losses:
Ending balance		$ 67	12
Ending balance: individually evaluated for impairment		67	12
Financing Receivables:
Ending balance	[1]		127
Ending balance: individually evaluated for impairment			127
Finance Leases [Member]
Financing Receivables:
Ending balance		5	8
Ending balance: individually evaluated for impairment		$ 5	$ 8

[1] 1 Includes $7 of unamortized initial direct costs.

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Allowance for Credit Losses (Financing Receivables by Credit Quality Indicator and by Class) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	$ 5	$ 8
Notes Receivable	67	120
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	5	8
Notes Receivable		58
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable		12
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable		$ 50
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	$ 67

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Allowance for Credit Losses (Schedule of Impaired Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018
Allowance for Credit Losses [Abstract]
Notes receivable, With an allowance recorded, Recorded investment	$ 12	$ 67
Notes receivable, With an allowance recorded, Unpaid principal balance	12	67
Notes receivable, With an allowance recorded, Related allowance	12	67
Notes receivable, With an allowance recorded, Average recorded investment	34
Recorded investment, Total	12	67
Unpaid principal balance, Total	12	$ 67
Average recorded investment, Total	$ 34

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Allowance for Credit Losses (Net Investment in Financing Receivables by Age) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 72	$ 128
Total Financing Receivables	72	128
Notes Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	67	120
Total Financing Receivables	67	120
Finance Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	5	8
Total Financing Receivables	$ 5	$ 8

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Related Party Transactions (Managing Member and/or Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Cost reimbursements to Managing Member and/or affiliates	$ 801	$ 1,000
Asset management fees to Managing Member	258	360
Acquisition and initial direct costs paid to Managing Member		6
Related party transaction, total	$ 1,059	$ 1,366

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Non-Recourse Debt (Narrative) (Details) - Non-Recourse Debt [Member] $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($)
Debt Instrument [Line Items]
Gross operating lease rentals and future payments on direct financing leases	$ 1.2
Carrying value of pledged assets	$ 12.4
Note maturity date, description	The notes mature at various dates from 2019 through 2020.
Minimum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	2.80%
Maximum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	3.66%

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Non-Recourse Debt (Future Minimum Payments of Non-Recourse Debt) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Principal
Year ending December 31, 2019	$ 1,146
2020	45
Long-term debt, total	1,191
Interest
Year ending December 31, 2019	16
Long-term debt interest, total	16
Total
Year ending December 31, 2019	1,162
2020	45
Long-term debt principal and interest, total	$ 1,207

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Senior long-Term Debt (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Senior long-term debt	$ 2,068	$ 2,068
Long-term debt interest	16
Principal and interest, total	$ 1,207
Senior Notes [Member]
Debt Instrument [Line Items]
Senior long term debt, description	The note bears interest at a fixed-rate of 3.5% per annum, to accrue in arrears on a monthly basis
Senior notes interest rate	3.50%
Senior long-term debt, maturity date	May 25, 2019
Long-term debt interest	$ 400
General assets recourse amount	2,500
Senior Notes [Member] | Scenario, Actual [Member]
Debt Instrument [Line Items]
Principal and interest, total	$ 2,500

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Borrowing Facilities (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Line of Credit Facility [Line Items]
Maximum amount of Credit Facility	$ 75,000	$ 75,000
Credit Facility expiration date	Jun. 30, 2019
Outstanding borrowings under facility		$ 2,250
Credit Facility [Member]
Line of Credit Facility [Line Items]
Tangible net worth requirement under the Credit Facility	$ 10,000
Outstanding borrowings under facility	$ 2,300
Interest rates on borrowings	3.62%
Credit Facility [Member] | Covenant Requirement
Line of Credit Facility [Line Items]
Tangible net worth	$ 21,300
Leverage ratio	0.15
Interest coverage ratio	36.45
Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Leverage ratio	1.25
Effective interest rate	3.82%
Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Interest coverage ratio	2
Effective interest rate	3.72%

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Borrowings Facilities (Borrowings Under Facility) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Borrowing Facilities [Abstract]
Total available under the financing arrangement	$ 75,000	$ 75,000
Amount borrowed by the Company under the acquisition facility		(2,250)
Amounts borrowed by affiliated partnerships and limited liability companies under the working capital, acquisition and warehouse facilities	(2,110)	(3,520)
Total remaining available under the working capital, acquisition and warehouse facilities	$ 72,890	$ 69,230

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Commitments (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
Commitments [Abstract]
Commitments to fund investments in notes receivable and purchase lease assets	$ 0

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Members' Capital (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Members Capital Account [Line Items]
Potential repurchase price of Units as percentage of holder's capital account	100.00%
Allocation of net income and net loss	100.00%
Managing Member [Member]
Other Members Capital Account [Line Items]
Members capital account, Units issued	50
Allocation of net income and net losses from commencement until initial closing date	99.00%
Allocation of net income or net losses commencing with initial closing date	7.50%
Percentage of fund distributions	7.50%
Other Members [Member]
Other Members Capital Account [Line Items]
Members capital account, Units issued	6,542,557	6,557,057
Members capital account, Units outstanding	6,542,557	6,557,057	6,584,221
Allocation of net income and net losses from commencement until initial closing date	1.00%
Allocation of net income or net losses commencing with initial closing date	92.50%
Percentage of fund distributions	92.50%
Maximum [Member] | Managing Member [Member]
Other Members Capital Account [Line Items]
Members capital account, units authorized	15,000,000	15,000,000

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Members' Capital (Distributions to Other Members) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Members' Capital [Abstract]
Distributions declared	$ 1,303	$ 5,891
Weighted average number of Units outstanding	6,544,057	6,564,381
Weighted average distributions per Unit	$ 0.20	$ 0.90

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Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value Measurements [Abstract]
Notes receivable fair value adjustments	$ 67	$ 12
Fair value adjustments on investment in securities	17	50
Warrants, fair value	376	387	$ 390
Notes receivable, fair value adjustments	$ 67	0
Impairment losses on equipment		$ 11

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Fair Value Measurements (Fair Value, Warrants Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Fair Value Measurements [Abstract]
Fair value of warrants at beginning of year	$ 387	$ 390
Unrealized loss on fair valuation of warrants	(11)	(3)
Fair value of warrants at end of year	$ 376	$ 387

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Fair Value Measurements (Fair Value, Investment Securities Measured on Recurring Basis) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
Fair Value Measurements [Abstract]
Fair value of securities at the beginning of year	$ 101
Unrealized (loss) gains on fair valuation of securities	26
Fair value of securities at the end of year	$ 127

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Fair Value Measurements (Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Fair Value Measurements [Abstract]
Impaired notes receivable, net	$ 67

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Fair Value Measurements (Summary of Valuation Techniques and Significant Unobservable Inputs Used) (Details) - Level 3 Estimated Fair Value [Member] - Recurring [Member] - Warrants [Member] - Black-Scholes Formulation [Member]	Dec. 31, 2018 $ / shares USD ($)	Dec. 31, 2017 $ / shares USD ($)
Minimum [Member] | Unobservable Inputs, Stock Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values | $ / shares	0.00	0.00
Minimum [Member] | Unobservable Inputs, Exercise Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.10	0.01
Minimum [Member] | Unobservable Inputs, Time to Maturity (in years) [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	1.62	2.62
Minimum [Member] | Unobservable Inputs, Risk-Free Interest Rate [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0246	0.0194
Minimum [Member] | Unobservable Inputs, Annualized Volatility [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.3536	0.3535
Maximum [Member] | Unobservable Inputs, Stock Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values | $ / shares	9.98	14.75
Maximum [Member] | Unobservable Inputs, Exercise Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	1,000.00	1,000.00
Maximum [Member] | Unobservable Inputs, Time to Maturity (in years) [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	7.08	8.08
Maximum [Member] | Unobservable Inputs, Risk-Free Interest Rate [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0259	0.0236
Maximum [Member] | Unobservable Inputs, Annualized Volatility [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.9194	0.8408

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Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Financial assets:
Cash and cash equivalents	$ 1,716	$ 932
Notes receivable, net		115
Investment in securities	127	101
Warrants, fair value	376	387	$ 390
Financial liabilities:
Credit facility		2,250
Non-recourse debt	1,187	4,674
Senior long-term debt	2,456	2,379
Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	1,716	932
Investment in securities	127
Level 3 Estimated Fair Value [Member]
Financial assets:
Notes receivable, net		115
Warrants, fair value	376	387
Financial liabilities:
Credit facility		2,250
Non-recourse debt	1,187	4,674
Senior long-term debt	2,456	2,379
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	1,716	932
Notes receivable, net		115
Investment in securities	127
Warrants, fair value	376	387
Financial liabilities:
Credit facility		2,250
Non-recourse debt	1,191	4,677
Senior long-term debt	$ 2,068	$ 2,068