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Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues and other income:    
Operating lease revenue, net $ 23,662,300 $ 19,403,900
Maintenance reserves revenue, net 4,099,100 3,340,100
Gain on disposal of assets 1,486,000 1,371,000
Other income 110,700 437,700
Total Income 29,358,100 24,552,700
Expenses:    
Depreciation 6,126,900 5,598,900
Interest 4,627,000 3,934,800
Management fees 4,166,200 3,715,400
Maintenance 4,082,100 10,933,700
Professional fees, general and administrative and other 1,513,000 1,333,400
Insurance 866,000 878,900
Other taxes 90,200 90,200
Total expenses 21,471,400 26,485,300
Income/(loss) before income tax provision 7,886,700 (1,932,600)
Income tax provision/(benefit) 2,697,700 (482,200)
Net income/(loss) $ 5,189,000 $ (1,450,400)
Earnings/(loss) per share:    
Basic (in dollars per share) $ 3.36 $ (0.94)
Diluted (in dollars per share) $ 3.32 $ (0.94)
Weighted average shares used in earnings/(loss) per share computations:    
Basic (in shares) 1,543,257 1,543,257
Diluted (in shares) 1,563,054 1,543,257