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Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 28, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Entity Registrant Name	ATEL 17, LLC
Entity Central Index Key	0001640982
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0
Entity Units Outstanding		2,565,749

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Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 7,092	$ 3,430
Accounts receivable, net of allowance for doubtful accounts of $18 at December 31, 2017 and $0 at December 31, 2016	66	109
Notes receivable, net of unearned interest income of $359 at December 31, 2017 and $259 at December 31, 2016	1,794	1,451
Warrants, fair value	62	51
Investments in equipment and leases, net of accumulated depreciation of $1,242 at December 31, 2017 and $311 at December 31, 2016	10,200	6,933
Prepaid expenses and other assets	12	16
Total assets	19,226	11,990
Accounts payable and accrued liabilities:
Managing Member	34	4
Affiliates	74	55
Accrued distributions to Other Members	217	117
Other	30	15
Unearned operating lease income	164	103
Total liabilities	519	294
Commitments and contingencies
Members' capital:
Managing Member	1	1
Other Members	18,706	11,695
Total Members' capital	18,707	11,696
Total liabilities and Members' capital	$ 19,226	$ 11,990

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Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 18	$ 0
Notes receivable, unearned interest income	359	259
Investment in operating leases, accumulated depreciation	$ 1,242	$ 311

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Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Leasing and lending activities:
Operating lease revenue	$ 1,340	$ 432
Notes receivable interest income	159	27
Gain on sales of lease assets and early termination of notes receivable	18
Unrealized (loss) gain on fair valuation of warrants	11	(4)
Other	8	18
Total revenues	1,536	473
Expenses:
Depreciation of operating lease assets	931	311
Asset management fees to Managing Member	167	41
Acquisition expense	236	158
Cost reimbursements to Managing Member and/or affiliates	280	74
Provision for credit losses	18
Amortization of initial direct costs	58	28
Professional fees	122	44
Outside services	83	31
Taxes on income and franchise fees	7	8
Bank charges	47
Other	68	12
Total expenses	2,017	707
Net loss	(481)	(234)
Net loss:
Managing Member
Other Members	(481)	(234)
Net loss	$ (481)	$ (234)
Net loss per Limited Liability Company Unit (Other Members)	$ (0.23)	$ (0.28)
Weighted average number of Units outstanding	2,058,512	832,350

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Statements of Changes in Members' Capital - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Beginning Balance	$ 11,696	$ 1
Capital contributions	10,740	14,751
Syndication costs	(1,608)	(2,213)
Distributions to Other Members	(1,640)	(609)
Net loss	$ (481)	(234)
Ending Balance (in units)	2,551,749
Ending Balance	$ 18,707	$ 11,696
Other Members [Member]
Beginning Balance (in units)	1,475,864	50
Beginning Balance	$ 11,695
Capital contributions	$ 10,740	$ 14,751
Capital contributions (in Units)	1,075,885	1,475,814
Syndication costs	$ (1,608)	$ (2,213)
Distributions to Other Members	(1,640)	(609)
Net loss	$ (481)	$ (234)
Ending Balance (in units)	2,551,749	1,475,864
Ending Balance	$ 18,706	$ 11,695
Managing Member [Member]
Beginning Balance	1	1
Ending Balance	$ 1	$ 1

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Statements of Changes in Members' Capital (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members, per unit	$ 0.80	$ 0.73

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Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Net loss	$ (481)	$ (234)
Adjustment to reconcile net loss to net cash provided by operating activities:
Accretion of note discount - warrants	(18)	(2)
Gain on early termination of notes receivable	(18)
Depreciation of operating lease assets	931	311
Amortization of initial direct costs	58	28
Provision for credit losses	18
Unrealized (gain) loss on fair value adjustment for warrants	(11)	4
Changes in operating assets and liabilities:
Accounts receivable	25	(109)
Prepaid expenses and other assets	4	(16)
Accounts payable, Managing Member	30	4
Accounts payable, other	15	15
Accrued liabilities, affiliates	19	56
Unearned operating lease income	61	103
Net cash provided by operating activities	633	160
Investing activities:
Proceeds from early termination of notes receivable	359
Purchases of equipment on operating leases	(4,135)	(7,077)
Payments of initial direct costs	(120)	(201)
Note receivable and warrants advances	(1,125)	(1,500)
Principal payments received on notes receivable	458	1
Net cash used in investing activities	(4,563)	(8,777)
Financing activities:
Syndication costs	(1,608)	(2,213)
Capital contributions	10,740	14,751
Distributions to Other Members	(1,540)	(492)
Net cash provided by financing activities	7,592	12,046
Net increase in cash and cash equivalents	3,662	3,429
Cash at beginning of year	3,430	1
Cash at end of year	7,092	3,430
Supplemental Cash Flow Information [Abstract]
Cash paid during the year for taxes	1	2
Other Members [Member]
Operating activities:
Net loss	(481)	(234)
Schedule of non-cash investing and financing transactions:
Distributions payable to Members at year-end	$ 217	$ 117

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Organization and Limited Liability Company Matters

12 Months Ended

Dec. 31, 2017

Organization and Limited Liability Company Matters [Abstract]

Organization and Limited Liability Company Matters

1.  Organization and Limited Liability Company matters:

ATEL 17, LLC (the “Company” or the “Fund”) was formed under the laws of the state of California on April 16, 2015 (“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 may continue as provided in the ATEL 17, LLC limited liability operating agreement dated April 24, 2015 (the “Operating Agreement”). Contributions in the amount of $500 were received as of April 28, 2015, 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 offering of the Company was granted effectiveness by the Securities and Exchange Commission as of January 5, 2016. The offering will continue until the earlier of a period of two years from that date or until sales of the limited liability company units (Units) to the public reach $150 million. As of February 2, 2016, 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 2016. 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 July 6, 2016, at which time a request was processed to release the Pennsylvania escrowed amounts. The offering terminated on January 5, 2018.

As of December 31, 2017, cumulative gross contributions, less rescissions and repurchases (net of distributions paid and allocated syndication costs, as applicable), totaling $25.5 million (inclusive of the $500 initial Member’s capital investment) have been received. As of the same date, 2,551,749 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 members, 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 have been sold or otherwise disposed.

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, Related party transactions.) The Company is required to maintain reasonable cash reserves for working capital, for the repurchase of Units and for 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, 2017

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, 2017 and 2016, 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 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 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, 2017, 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.

The Company began operations in 2016.

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 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 lease receivable, 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 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 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.

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 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. For the year ended December 31, 2017, all of the Company’s current operating revenues and long-lived assets relate to customers domiciled in the United States.

Investment in securities:

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 gains of $11 thousand and unrealized losses of $4 thousand on fair valuation of its warrants during 2017 and 2016, respectively. The estimated fair value of the Company’s portfolio of warrants was $62 thousand and $51 thousand for the years ended December 31, 2017 and 2016, respectively.

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, 2017 and 2016, the related provision for state income taxes was approximately $7 thousand and $8 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, 2017 and 2016 as follows (in thousands):

	2017		2016
Financial statement basis of net assets	$	18,707	$	11,696
Tax basis of net assets (unaudited)		20,689		13,445
Difference	$	(1,982)	$	(1,749)

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 loss reported in these financial statements to the loss reported on the Company’s federal tax return (unaudited) for the years ended December 31, 2017 and 2016 (in thousands):

	2017		2016
Net loss per financial statements	$	(481)	$	(234)
Tax adjustments (unaudited):
Adjustment to depreciation expense		(1,550)		(694)
Provision for losses and doubtful accounts		18		-
Adjustments to revenues		50		108
Other		7		7
Loss per federal tax return (unaudited)	$	(1,956)	$	(813)

Emerging growth company:

Section 107 of the Jumpstart Our Business Startups Act (the “JOBS Act”) provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. However, we have chosen to “opt out” of such extended transition period and, as a result, we will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies. Section 107 of the JOBS Act provides that our decision to opt out of the extended transition period for complying with new or revised accounting standards is irrevocable.

Per Unit data:

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

Recent accounting pronouncements:

In August 2016,the Financial Accounting Standards Board (“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. Given the limited changes to lessor accounting, Management does not expect material changes to recognition or measurement, but the Company is early in the implementation process and will continue to evaluate the impact.

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 not have a material impact on its financial statements and disclosures.

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 is effective for the Company beginning on January 1, 2018. Management’s evaluation of the impact of such adoption on the financial statements of the Fund indicates that such impact is non-material as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues.  

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Concentration of Credit Risk and Major Customers

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016, 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:

	Percentage of Total Equipment Cost
Industry	2017	2016
Railroad	33%	28%
Agriculture	12%	16%
Construction	12%	*
Paper processing	*	15%
Utilities	*	15%
Refuse systems	*	12%
* Less than 10%

During 2017 and 2016, 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	2017	2016
Union Pacific Railroad Company	Railroad	26%	*
Cargill, Inc.	Agriculture/Construction	16%	25%
Indiana Michigan Power Company	Marine	10%	20%
Waste Management of New York, LLC	Containers/Refuse systems	10%	18%
Schenker, Inc.	Materials handling	*	10%
* 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, 2017

Notes Receivable, Net [Abstract]

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, 2017, the original terms of the notes are 36 months with interest rates ranging from 11.80%  to 16.07% per annum. The notes are secured by the equipment financed and have maturity dates ranging from 2020 to 2021.

As of December 31, 2017, the minimum future payments receivable are as follows (in thousands):

Year ending December 31, 2018	$	862
2019		793
2020		461
2021		56
		2,172
Less: portion representing unearned interest income		(359)
		1,813
Less: warrants - notes receivable discount		(24)
Unamortized initial direct costs		5
Notes receivable, net	$	1,794

IDC amortization expense related to notes receivable and the Company’s operating leases for the years ended December 31, 2017 and 2016 are as follows (in thousands):

	2017		2016
IDC amortization - notes receivable	$	4	$	-
IDC amortization - lease assets		54		28
Total	$	58	$	28

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Investments in Equipment and Leases, Net

12 Months Ended

Dec. 31, 2017

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):

	Balance December 31, 2016		Additions		Depreciation/ Amortization Expense		Balance December 31, 2017
Net investment in operating leases	$	6,766	$	4,135	$	(931)	$	9,970
Initial direct costs, net of accumulated   amortization of $82 at December 31,   2017 and $28 at December 31, 2016		167		117		(54)		230
Total	$	6,933	$	4,252	$	(985)	$	10,200

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 $931 thousand and $311 thousand for the respective years ended December 31, 2017 and 2016. IDC amortization expense related to the Company’s operating leases totaled $54 thousand and $28 thousand for 2017 and 2016, respectively.

All of the Company’s lease asset purchases and capital improvements were made during the years from 2016 through 2017.

Operating leases:

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

	Balance December 31, 2016		Additions		Reclassifications or Dispositions		Balance December 31, 2017
Transportation, rail	$	1,956	$	1,723	$	-	$	3,679
Paper processing		1,058		-		-		1,058
Marine vessels		1,041		-		-		1,041
Mining		-		1,320		-		1,320
Containers		860		-		-		860
Agriculture		742		-		-		742
Materials handling		577		134		-		711
Aviation		462		-		-		462
Construction		285		957		-		1,242
Transportation, other		96		1		-		97
		7,077		4,135		-		11,212
Less accumulated depreciation		(311)		(931)		-		(1,242)
Total	$	6,766	$	3,204	$	-	$	9,970

The average estimated residual value for assets on operating leases was 39% and 48% of the assets’ original cost at December 31, 2017 and 2016, respectively. There were no operating leases in non-accrual status at both December 31, 2017 and 2016.

At December 31, 2017, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases
Year ending December 31, 2018	$	1,597
2019		1,576
2020		1,395
2021		910
2022		697
Thereafter		962
	$	7,137

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of December 31, 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 - 40
Marine vessel	20 - 30
Containers	15 - 20
Aviation	15 - 20
Mining	10 - 15
Paper processing	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, 2017

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):

		Accounts Receivable Allowance for Doubtful Accounts
		Operating Leases
Balance December 31, 2016	$	-
Provision of credit loss		18
Balance December 31, 2017	$	18

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, 2017 and 2016, 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
	2017		2016
Pass	$	1,813	$	1,446
Special mention		-		-
Substandard		-		-
Doubtful		-		-
Total	$	1,813	$	1,446

At December 31, 2017 and December 31, 2016, investment in financing receivables is aged as follows (in thousands):

December 31, 2017	31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment>90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	1,813	$	1,813	$	-
Total	$	-	$	-	$	-	$	-	$	1,813	$	1,813	$	-

December 31, 2016		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment>90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	1,446	$	1,446	$	-
Total	$	-	$	-	$	-	$	-	$	1,446	$	1,446	$	-

The Company had no financing receivables on non-accrual or impaired status at December 31, 2017 and 2016.

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Related Party Transactions

12 Months Ended

Dec. 31, 2017

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.

Each of 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, 2017 and 2016 are as follows (in thousands):

	2017		2016
Selling commissions, equal to 9% of the selling price of the Limited   Liability Company Units, deducted from Other Members capital	$	965	$	1,328
Reimbursement of other syndication costs to Managing Member   and/or affiliates, deducted from Other Members capital		643		885
Special discounts		19		-
Administrative costs reimbursed to Managing Member and/or affiliates		280		74
Asset management fees to Managing Member		167		41
Acquisition and initial direct costs paid to Managing Member		339		359
	$	2,413	$	2,687

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Syndication Costs

12 Months Ended

Dec. 31, 2017

Syndication Costs [Abstract]

Syndication Costs

8. Syndication Costs:

Syndication costs are reflected as a reduction to Members' capital, as such costs are netted against the capital raised. The amount shown is primarily comprised of selling commissions, well as fees pertaining to the organization of the Fund, document preparation, regulatory filing fees, and accounting and legal costs. Syndication costs totaled $1.6 million and $2.2 million for the respective years ended December 31, 2017 and 2016.

The Operating Agreement places a limit for cost reimbursements to the Managing Member and/or affiliates. When added to selling commissions, such cost reimbursements may not exceed a total equal to 15% of all offering proceeds. As of December 31, 2017, the Company had not recorded any syndication costs in excess of the limitation. The limitation on the amount of syndication costs pursuant to the Operating Agreement is determined on the date of termination of the offering. At such time, the Manager guarantees repayment of any excess syndication costs (above the limitation) which it may have collected from the Company, which guarantee is without recourse or reimbursement by the Fund.

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Borrowing Facilities

12 Months Ended

Dec. 31, 2017

Borrowing Facilities [Abstract]

Borrowing Facilities

9. Borrowing facilities:

Effective June 30, 2017, the Company participated with ATEL Capital Group and certain subsidiaries and affiliated funds in a $75 million revolving credit facility (the “Credit Facility”) with a syndicate of financial institutions as lenders. The Credit Facility is comprised of a working capital facility, an acquisition facility (the “Acquisition Facility”) and a warehouse facility (the “Warehouse Facility”), the Company and affiliates, and a venture facility As of December 31, 2017, the Credit Facility is for an amount of $75 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. 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. At December 31, 2017, approximately $69 million was available under the facility, and the Company had no outstanding borrowings under the facility.

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Commitments

12 Months Ended

Dec. 31, 2017

Commitments [Abstract]

Commitments

10.  Commitments:

At December 31, 2017, there were two commitments to purchase lease assets and to fund investments in notes receivable totaling $1.1 million and $5.2 million, respectively. These amounts represent contract awards which may be canceled by the prospective borrower/investee or may not be accepted by the Company. There were no cancellations subsequent to year-end.

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Guarantees

12 Months Ended

Dec. 31, 2017

Guarantees [Abstract]

Guarantees

11. 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, 2017

Members' Capital [Abstract]

Members' Capital

12.  Members’ capital:

A total of 2,551,749 Units were issued and outstanding at December 31, 2017, 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 99.99% to the Other Members and 0.01% to the Managing Member.

Fund distributions are to be allocated 0.01% to the Managing Member and 99.99% to the Other Members. The Company commenced periodic distributions in February 2016.

Distributions to the Other Members for the years ended December 31, 2017 and 2016 were as follows (in thousands except Units and per Unit data):

	2017		2016
Distributions	$	1,640	$	609
Weighted average number of Units outstanding		2,058,512		832,350
Weighted average distributions per Unit	$	0.80	$	0.73

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Fair Value Measurements

12 Months Ended

Dec. 31, 2017

Fair Value Measurements [Abstract]

Fair Value Measurements

13.  Fair value measurements:

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, 2017 and 2016, only the Company’s warrants were measured on a recurring basis. 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 are 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, 2017 and 2016, the calculated fair value of the Fund’s warrant portfolio approximated $62 thousand and $51 thousand, respectively. Such valuations are classified within Level 3 of the valuation hierarchy.

The following table reconciles the beginning and ending balances of the Company’s Level 3 recurring assets (in thousands):

	2017		2016
Fair value of warrants at beginning of year	$	51	$	-
Fair value of new warrants, recorded during the year (included as a discount on notes receivable)		-		55
Unrealized (loss) gain on fair valuation of warrants		11		(4)
Fair value of warrants at end of year	$	62	$	51

The following table summarizes 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, 2017 and 2016:

December 31, 2017
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$3.88 - $4.59
			Exercise price	$2.54 - $3.98
			Time to maturity (in years)	8.63 - 13.95
			Risk-free interest rate	2.37% - 2.47%
			Annualized volatility	37.63% - 42.49%

December 31, 2016
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$2.54 - $2.98
			Exercise price	$2.54 - $3.98
			Time to maturity (in years)	9.63 - 14.95
			Risk-free interest rate	2.43% - 2.62%
			Annualized volatility	49.08% - 108.99%

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.

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, 2017 and 2016 (in thousands):

		December 31, 2017
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	7,092	$	7,092	$	-	$	-	$	7,092
Notes receivable, net		1,794		-		-		1,794		1,794
Warrants, fair value		62		-		-		62		62
		December 31, 2016
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	3,430	$	3,430	$	-	$	-	$	3,430
Notes receivable, net		1,451		-		-		1,451		1,451
Warrants, fair value		51		-		-		51		51

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Summary of Significant Accounting Policies (Policy)

12 Months Ended

Dec. 31, 2017

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation:

The accompanying balance sheets as of December 31, 2017 and 2016, 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 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 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, 2017, 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.

The Company began operations in 2016.

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 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 lease receivable, 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 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 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.

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 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. For the year ended December 31, 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:

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 gains of $11 thousand and unrealized losses of $4 thousand on fair valuation of its warrants during 2017 and 2016, respectively. The estimated fair value of the Company’s portfolio of warrants was $62 thousand and $51 thousand for the years ended December 31, 2017 and 2016, respectively.

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, 2017 and 2016, the related provision for state income taxes was approximately $7 thousand and $8 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, 2017 and 2016 as follows (in thousands):

	2017		2016
Financial statement basis of net assets	$	18,707	$	11,696
Tax basis of net assets (unaudited)		20,689		13,445
Difference	$	(1,982)	$	(1,749)

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 loss reported in these financial statements to the loss reported on the Company’s federal tax return (unaudited) for the years ended December 31, 2017 and 2016 (in thousands):

	2017		2016
Net loss per financial statements	$	(481)	$	(234)
Tax adjustments (unaudited):
Adjustment to depreciation expense		(1,550)		(694)
Provision for losses and doubtful accounts		18		-
Adjustments to revenues		50		108
Other		7		7
Loss per federal tax return (unaudited)	$	(1,956)	$	(813)

Emerging Growth Company [Policy Text Block]

Emerging growth company:

Section 107 of the Jumpstart Our Business Startups Act (the “JOBS Act”) provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. However, we have chosen to “opt out” of such extended transition period and, as a result, we will comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies. Section 107 of the JOBS Act provides that our decision to opt out of the extended transition period for complying with new or revised accounting standards is irrevocable.

Per Unit Data

Per Unit data:

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

Recent Accounting Pronouncements

Recent accounting pronouncements:

In August 2016,the Financial Accounting Standards Board (“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. Given the limited changes to lessor accounting, Management does not expect material changes to recognition or measurement, but the Company is early in the implementation process and will continue to evaluate the impact.

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 not have a material impact on its financial statements and disclosures.

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 is effective for the Company beginning on January 1, 2018. Management’s evaluation of the impact of such adoption on the financial statements of the Fund indicates that such impact is non-material as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues.  

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017 and 2016 as follows (in thousands):

	2017		2016
Financial statement basis of net assets	$	18,707	$	11,696
Tax basis of net assets (unaudited)		20,689		13,445
Difference	$	(1,982)	$	(1,749)

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

The following reconciles the net loss reported in these financial statements to the loss reported on the Company’s federal tax return (unaudited) for the years ended December 31, 2017 and 2016 (in thousands):

	2017		2016
Net loss per financial statements	$	(481)	$	(234)
Tax adjustments (unaudited):
Adjustment to depreciation expense		(1,550)		(694)
Provision for losses and doubtful accounts		18		-
Adjustments to revenues		50		108
Other		7		7
Loss per federal tax return (unaudited)	$	(1,956)	$	(813)

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Concentration of Credit Risk and Major Customers (Tables)

12 Months Ended

Dec. 31, 2017

Concentration of Credit Risk and Major Customers [Abstract]

Schedule Of Equipment Lease Credit Risk Concentration

As of December 31, 2017 and 2016, 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:

	Percentage of Total Equipment Cost
Industry	2017	2016
Railroad	33%	28%
Agriculture	12%	16%
Construction	12%	*
Paper processing	*	15%
Utilities	*	15%
Refuse systems	*	12%
* Less than 10%

Schedule of Leasing and Lending Revenues

During 2017 and 2016, 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	2017	2016
Union Pacific Railroad Company	Railroad	26%	*
Cargill, Inc.	Agriculture/Construction	16%	25%
Indiana Michigan Power Company	Marine	10%	20%
Waste Management of New York, LLC	Containers/Refuse systems	10%	18%
Schenker, Inc.	Materials handling	*	10%
* Less than 10%

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Notes Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2017

Notes Receivable, Net [Abstract]

Minimum Future Payments Receivable

As of December 31, 2017, the minimum future payments receivable are as follows (in thousands):

Year ending December 31, 2018	$	862
2019		793
2020		461
2021		56
		2,172
Less: portion representing unearned interest income		(359)
		1,813
Less: warrants - notes receivable discount		(24)
Unamortized initial direct costs		5
Notes receivable, net	$	1,794

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 leases for the years ended December 31, 2017 and 2016 are as follows (in thousands):

	2017		2016
IDC amortization - notes receivable	$	4	$	-
IDC amortization - lease assets		54		28
Total	$	58	$	28

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Investments in Equipment and Leases, Net (Tables)

12 Months Ended

Dec. 31, 2017

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

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

	Balance December 31, 2016		Additions		Depreciation/ Amortization Expense		Balance December 31, 2017
Net investment in operating leases	$	6,766	$	4,135	$	(931)	$	9,970
Initial direct costs, net of accumulated   amortization of $82 at December 31,   2017 and $28 at December 31, 2016		167		117		(54)		230
Total	$	6,933	$	4,252	$	(985)	$	10,200

Property on Operating Leases

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

	Balance December 31, 2016		Additions		Reclassifications or Dispositions		Balance December 31, 2017
Transportation, rail	$	1,956	$	1,723	$	-	$	3,679
Paper processing		1,058		-		-		1,058
Marine vessels		1,041		-		-		1,041
Mining		-		1,320		-		1,320
Containers		860		-		-		860
Agriculture		742		-		-		742
Materials handling		577		134		-		711
Aviation		462		-		-		462
Construction		285		957		-		1,242
Transportation, other		96		1		-		97
		7,077		4,135		-		11,212
Less accumulated depreciation		(311)		(931)		-		(1,242)
Total	$	6,766	$	3,204	$	-	$	9,970

Future Minimum Lease Payments Receivable

At December 31, 2017, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases
Year ending December 31, 2018	$	1,597
2019		1,576
2020		1,395
2021		910
2022		697
Thereafter		962
	$	7,137

Schedule of Useful Lives of Assets

As of December 31, 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 - 40
Marine vessel	20 - 30
Containers	15 - 20
Aviation	15 - 20
Mining	10 - 15
Paper processing	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, 2017

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):

		Accounts Receivable Allowance for Doubtful Accounts
		Operating Leases
Balance December 31, 2016	$	-
Provision of credit loss		18
Balance December 31, 2017	$	18

Financing Receivables by Credit Quality Indicator and by Class

At December 31, 2017 and 2016, 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
	2017		2016
Pass	$	1,813	$	1,446
Special mention		-		-
Substandard		-		-
Doubtful		-		-
Total	$	1,813	$	1,446

Net Investment in Financing Receivables by Age

At December 31, 2017 and December 31, 2016, investment in financing receivables is aged as follows (in thousands):

December 31, 2017	31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment>90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	1,813	$	1,813	$	-
Total	$	-	$	-	$	-	$	-	$	1,813	$	1,813	$	-

December 31, 2016		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment>90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	1,446	$	1,446	$	-
Total	$	-	$	-	$	-	$	-	$	1,446	$	1,446	$	-

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Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2017

Related Party Transactions [Abstract]

Managing Members 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, 2017 and 2016 are as follows (in thousands):

	2017		2016
Selling commissions, equal to 9% of the selling price of the Limited   Liability Company Units, deducted from Other Members capital	$	965	$	1,328
Reimbursement of other syndication costs to Managing Member   and/or affiliates, deducted from Other Members capital		643		885
Special discounts		19		-
Administrative costs reimbursed to Managing Member and/or affiliates		280		74
Asset management fees to Managing Member		167		41
Acquisition and initial direct costs paid to Managing Member		339		359
	$	2,413	$	2,687

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Members' Capital (Tables)

12 Months Ended

Dec. 31, 2017

Members' Capital [Abstract]

Distributions to Other Members

Distributions to the Other Members for the years ended December 31, 2017 and 2016 were as follows (in thousands except Units and per Unit data):

	2017		2016
Distributions	$	1,640	$	609
Weighted average number of Units outstanding		2,058,512		832,350
Weighted average distributions per Unit	$	0.80	$	0.73

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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Measurements [Abstract]

Fair Value of Warrants that were Accounted for on a Recurring Basis Classified as Level 3 Assets

The following table reconciles the beginning and ending balances of the Company’s Level 3 recurring assets (in thousands):

	2017		2016
Fair value of warrants at beginning of year	$	51	$	-
Fair value of new warrants, recorded during the year (included as a discount on notes receivable)		-		55
Unrealized (loss) gain on fair valuation of warrants		11		(4)
Fair value of warrants at end of year	$	62	$	51

Summary of Valuation Techniques and Significant Unobservable Inputs Used

The following table summarizes 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, 2017 and 2016:

December 31, 2017
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$3.88 - $4.59
			Exercise price	$2.54 - $3.98
			Time to maturity (in years)	8.63 - 13.95
			Risk-free interest rate	2.37% - 2.47%
			Annualized volatility	37.63% - 42.49%

December 31, 2016
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$2.54 - $2.98
			Exercise price	$2.54 - $3.98
			Time to maturity (in years)	9.63 - 14.95
			Risk-free interest rate	2.43% - 2.62%
			Annualized volatility	49.08% - 108.99%

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, 2017 and 2016 (in thousands):

		December 31, 2017
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	7,092	$	7,092	$	-	$	-	$	7,092
Notes receivable, net		1,794		-		-		1,794		1,794
Warrants, fair value		62		-		-		62		62
		December 31, 2016
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	3,430	$	3,430	$	-	$	-	$	3,430
Notes receivable, net		1,451		-		-		1,451		1,451
Warrants, fair value		51		-		-		51		51

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Organization and Limited Liability Company Matters (Narrative) (Details) - USD ($)	12 Months Ended	20 Months Ended	32 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Jul. 06, 2016	Feb. 02, 2016	Apr. 28, 2015
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Contributions of capital, initial						$ 500
Initial offering expiration period			2 years
Limited liability company, minimum required proceeds from initial offering		$ 150,000,000
Sale of limited liability Company Units, number of Units					120,000
Proceeds from sale of Limited Liability Company Units	$ 25,500,000		$ 25,500,000		$ 1,200,000
Members capital account, Units issued	2,551,749		2,551,749
Members capital account, Units outstanding	2,551,749		2,551,749
Reinvestment period	6 years
Minimum [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Amount of aggregate subscriptions for Pennsylvania subscriptions to be released to the Fund					$ 7,500,000
Contributions received, net of rescissions				$ 7,500,000

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Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($) segment	Dec. 31, 2016 USD ($)
Summary of Significant Accounting Policies [Line Items]
Taxes on income and franchise fees	$ 7	$ 8
Period subject to income tax examination	3 years
Number of operating segments | segment	1
Number of reportable segments | segment	1
Unrealized (loss) gain on fair valuation of warrants	$ 11	(4)
Warrants, fair value	62	$ 51
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Required assets value of financial institutions for cash deposits	$ 10,000,000
Operating leases, initial terms	36 months
Notes receivable, period for non-accrual status	90 days
Operating leases, Period for non-accrual status	90 days
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Treasury instruments maturity period	90 days
Cash deposits, insured amount	$ 250
Operating leases, initial terms	120 months
Notes receivable, period for review of impairment	90 days
Equipment and lessee period of review for impairment	90 days

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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, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Financial statement basis of net assets	$ 18,707	$ 11,696	$ 1
Tax basis of net assets (unaudited)	20,689	13,445
Difference	$ (1,982)	$ (1,749)

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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, 2017	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Net loss per financial statements	$ (481)	$ (234)
Adjustment to depreciation expense	(1,550)	(694)
Provision for losses and doubtful accounts	18
Adjustments to revenues	50	108
Other	7	7
Loss per federal tax return (unaudited)	$ (1,956)	$ (813)

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Concentration of Credit Risk and Major Customers (Schedule of Leasing and Lending Revenues) (Details)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Materials Handling [Member] | Schenker, Inc. [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk		10.00%
Railroad [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	33.00%	28.00%
Railroad [Member] | Union Pacific Railroad Company [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	26.00%
Agriculture [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	12.00%	16.00%
Agriculture [Member] | Cargill, Inc. [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	16.00%	25.00%
Construction [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	12.00%
Paper Processing [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk		15.00%
Marine Vessel [Member] | Indiana Michigan Power Company [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	10.00%	20.00%
Utilities [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk		15.00%
Refuse Systems [Member] | Equipment Cost [Member]
Concentration Risk [Line Items]
Percentage of concentration risk		12.00%
Refuse Systems [Member] | Waste Management of New York, LLC [Member] | Operating Revenue [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	10.00%	18.00%

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Notes Receivable, Net (Narrative) (Details)	12 Months Ended
	Dec. 31, 2017
Notes receivable term	36 months
Notes receivable, maturity date description	have maturity dates ranging from 2020 to 2021
Minimum [Member]
Notes receivable interest rate	11.80%
Maximum [Member]
Notes receivable interest rate	16.07%

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Notes Receivable, Net (Minimum Future Payments Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Notes Receivable, Net [Abstract]
Year ending December 31, 2018	$ 862
2019	793
2020	461
2021	56
Financing receivable, gross	2,172
Less: portion representing unearned interest income	(359)	$ (259)
Notes receivable	1,813	1,446
Less: warrants - notes receivable discount	(24)
Unamortized initial direct costs	5
Notes receivable, net	$ 1,794	$ 1,451

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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, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	$ 58	$ 28
Lease Assets [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	54	$ 28
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	$ 4

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Investments in Equipment and Leases, Net (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Leases Disclosure [Line Items]
Amortization of initial direct costs	$ 58	$ 28
Depreciation of operating lease assets	$ 931	$ 311
Average estimated residual value of assets on operating leases	39.00%	48.00%
Initial direct costs, accumulated amortization	$ 82	$ 28
Lease Assets [Member]
Leases Disclosure [Line Items]
Amortization of initial direct costs	$ 54	$ 28

XML

Investments in Equipment and Leases, Net (Investment in Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Leases Disclosure [Line Items]
Balance December 31, 2016	$ 6,933
Additions	4,252
Depreciation/ Amortization Expense	(985)
Balance December 31, 2017	10,200
Initial direct costs, accumulated amortization	82	$ 28
Initial Direct Cost [Member]
Leases Disclosure [Line Items]
Balance December 31, 2016	167
Additions	117
Depreciation/ Amortization Expense	(54)
Balance December 31, 2017	230
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2016	6,766
Additions	4,135
Depreciation/ Amortization Expense	(931)
Balance December 31, 2017	$ 9,970

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Investments in Equipment and Leases, Net (Property on Operating Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	$ 11,212	$ 7,077
Less accumulated depreciation	(1,242)	(311)
Property on operating leases, net	9,970	6,766
Additions, gross	4,135
Additions, less accumulated depreciation	(931)
Additions, net	3,204
Reclassifications or dispositions, gross
Reclassifications or dispositions, less accumulated depreciation
Reclassifications or dispositions, net
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	3,679	1,956
Additions, gross	1,723
Reclassifications or dispositions, gross
Paper Processing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	1,058	1,058
Reclassifications or dispositions, gross
Marine Vessel [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	1,041	1,041
Reclassifications or dispositions, gross
Mining [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	1,320
Additions, gross	1,320
Reclassifications or dispositions, gross
Containers [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	860	860
Reclassifications or dispositions, gross
Agriculture [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	742	742
Reclassifications or dispositions, gross
Materials Handling [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	711	577
Additions, gross	134
Reclassifications or dispositions, gross
Aviation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	462	462
Reclassifications or dispositions, gross
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	1,242	285
Additions, gross	957
Reclassifications or dispositions, gross
Transportation, other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	97	$ 96
Additions, gross	1
Reclassifications or dispositions, gross

XML

Investments in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Operating Leases
Year ending December 31, 2018	$ 1,597
2019	1,576
2020	1,395
2021	910
2022	697
Thereafter	962
Operating leases, total	$ 7,137

XML

Investments in Equipment and Leases, Net (Schedule of Useful Lives of Lease Assets) (Details)	12 Months Ended
	Dec. 31, 2017
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	40 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
Containers [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	15 years
Containers [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	20 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
Mining [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Mining [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	15 years
Paper Processing [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Paper Processing [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

XML

Allowance for Credit Losses (Activity in Allowance for Doubtful Accounts) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	$ 18
Operating Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance
Provision for credit losses	18
Ending Balance	$ 18

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Allowance for Credit Losses (Financing Receivables by Credit Quality Indicator and by Class) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	$ 1,813	$ 1,446
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	1,813	1,446
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable

XML

Allowance for Credit Losses (Net Investment in Financing Receivables by Age) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	1,813	$ 1,446
Total Financing Receivables	1,813	1,446
Recorded Investment > 90 Days and Accruing
31-60 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
61-90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Notes Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	1,813	1,446
Total Financing Receivables	1,813	$ 1,446
Recorded Investment > 90 Days and Accruing
Notes Receivable [Member] | 31-60 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Notes Receivable [Member] | 61-90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Notes Receivable [Member] | Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due

XML

Related Party Transactions (Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Selling commissions, equal to 9% of the selling price of the Limited Liability Company Units, deducted from Other Members capital	$ 965	$ 1,328
Reimbursement of other syndication costs to Managing Member and/or affiliates, deducted from Other Members capital	643	885
Special discounts	19
Administrative costs reimbursed to Managing Member and/or affiliates	280	74
Asset management fees to Managing Member	167	41
Acquisition and initial direct costs paid to Managing Member	339	359
Related party transaction, total	$ 2,413	$ 2,687
Selling commission rate	9.00%	9.00%

XML

Syndication Costs (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Syndication Costs [Abstract]
Syndication costs excluding selling commissions to affiliates	$ 1,608	$ 2,213
Percentage of offering proceeds, limit on reimbursements to Managing Members and/or affiliates	15.00%

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Borrowing Facilities (Narrative) (Details) - Credit Facility [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Line of Credit Facility [Line Items]
Maximum amount of Credit Facility	$ 75	$ 75
Line of Credit Facility, expiration date	Jun. 30, 2019
Credit facility, Interest rate description	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
Credit facility, remaining borrowing capacity	$ 69
Outstanding borrowings under the facility	$ 0

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Commitments (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017 USD ($)
Commitments [Abstract]
Commitments to fund investments in notes receivable	$ 5.2
Commitments to purchase lease assets	$ 1.1

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Members' Capital (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Members Capital Account [Line Items]
Members capital account, Units issued	2,551,749
Members capital account, Units outstanding	2,551,749
Members capital account, units authorized	15,000,000
Potential repurchase price of Units as percentage of holder's capital account	100.00%
Allocation of net income and net loss	100.00%
Other Members [Member]
Members Capital Account [Line Items]
Members capital account, Units outstanding	2,551,749	1,475,864	50
Percentage of fund distributions	99.99%
Other Members [Member] | Until Initial Closing Date [Member]
Members Capital Account [Line Items]
Allocation of net income and net loss	1.00%
Other Members [Member] | After Initial Closing Date [Member]
Members Capital Account [Line Items]
Allocation of net income and net loss	99.99%
Managing Member [Member]
Members Capital Account [Line Items]
Members capital account, Units issued	50
Percentage of fund distributions	0.01%
Managing Member [Member] | Until Initial Closing Date [Member]
Members Capital Account [Line Items]
Allocation of net income and net loss	99.00%
Managing Member [Member] | After Initial Closing Date [Member]
Members Capital Account [Line Items]
Allocation of net income and net loss	0.01%

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Members' Capital (Distributions to Other Members) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Members' Capital [Abstract]
Distributions	$ 1,640	$ 609
Weighted average number of Units outstanding	2,058,512	832,350
Weighted average distributions per Unit	$ 0.80	$ 0.73

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Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Fair Value Measurements [Abstract]
Warrants, fair value	$ 62	$ 51

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Fair Value Measurements (Fair Value of Warrants that Were Accounted for on a Recurring Basis ) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants at beginning of year	$ 51
Fair value of new warrants, recorded during the year (included as a discount on notes receivable)		$ 55
Unrealized (loss) gain on fair valuation of warrants	11	(4)
Fair value of warrants at end of year		51
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants at beginning of year	51
Unrealized (loss) gain on fair valuation of warrants	11
Fair value of warrants at end of year	$ 62	$ 51

XML

Fair Value Measurements (Summary of Valuation Techniques and Significant Unobservable Inputs) (Details) - Fair Value, Inputs, Level 3 [Member] - Recurring [Member] - Black Scholes Model [Member] - Warrant [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 3.88	$ 2.54
Exercise price	$ 2.54	$ 2.54
Time to maturity (in years)	8 years 7 months 17 days	9 years 7 months 17 days
Risk-free interest rate	2.37%	2.43%
Annualized volatility	37.63%	49.08%
Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 4.59	$ 2.98
Exercise price	$ 3.98	$ 3.98
Time to maturity (in years)	13 years 11 months 12 days	14 years 11 months 12 days
Risk-free interest rate	2.47%	2.62%
Annualized volatility	42.49%	108.99%

XML

Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Financial assets:
Cash and cash equivalents	$ 7,092	$ 3,430
Notes receivable, net	1,794	1,451
Warrants, fair value	62	51
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	7,092	3,430
Notes receivable, net	1,794	1,451
Warrants, fair value	62	51
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	7,092	3,430
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Notes receivable, net	1,794	1,451
Warrants, fair value	$ 62	$ 51