XML 20 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities:    
Net loss $ (234,058)  
Adjustment to reconcile net loss to net cash provided by operating activities:    
Accretion of note discount - warrants (2,130)  
Depreciation of operating lease assets 310,876  
Amortization of initial direct costs 28,042  
Unrealized gain on fair valuation of warrants 4,081  
Changes in operating assets and liabilities:    
Accounts receivable (108,428)  
Prepaid expenses and other assets (16,265)  
Accounts payable, Managing Member 3,812  
Accounts payable, other 14,740  
Accrued liabilities, affiliates 55,470  
Unearned operating lease income 103,485  
Net cash provided by operating activities 159,625  
Investing activities:    
Purchases of equipment on operating leases (7,076,803)  
Payments of initial direct costs (200,771)  
Note receivable and warrants advances (1,500,000)  
Principal payments received on notes receivable 1,118  
Net cash used in investing activities (8,776,456)  
Financing activities:    
Selling commissions to affiliates (1,327,641)  
Syndication costs paid to Managing Member and affiliates (885,094)  
Capital contributions 14,751,070 $ 500
Net cash provided by financing activities 12,045,777 500
Net increase in cash and cash equivalents 3,428,946 500
Cash at beginning of period 500  
Cash at end of period 3,429,446 $ 500
Supplemental Cash Flow Information [Abstract]    
Cash paid during the year for taxes 1,600  
Other Members [Member]    
Operating activities:    
Net loss (234,035)  
Financing activities:    
Distributions to Members (492,509)  
Schedule of non-cash investing and financing transactions:    
Distributions payable to Members at year-end 116,557  
Managing Member [Member]    
Operating activities:    
Net loss (23)  
Financing activities:    
Distributions to Members (49)  
Schedule of non-cash investing and financing transactions:    
Distributions payable to Members at year-end $ 12