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Statements of Operations (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues and other income:    
Operating lease revenue, net $ 4,900,200 $ 5,906,900
Maintenance reserves revenue, net 7,134,300 849,800
Gain on disposal of assets 218,200 0
Other income 550,000 26,600
Total Income 12,802,700 6,783,300
Expenses:    
Maintenance 2,405,200 754,500
Depreciation 1,746,000 1,486,800
Management fees 1,092,100 986,700
Interest 1,065,600 1,071,900
Professional fees, general and administrative and other 327,000 311,300
Insurance 253,700 132,700
Other taxes 22,600 22,600
Total expenses 6,912,200 4,766,500
Income before income tax provision 5,890,500 2,016,800
Income tax provision 1,838,200 691,800
Net income $ 4,052,300 $ 1,325,000
Earnings per share:    
Basic (in dollars per share) $ 2.63 $ 0.86
Diluted (in dollars per share) $ 2.56 $ 0.85
Weighted average shares used in earnings per share computations:    
Basic (in shares) 1,543,257 1,543,257
Diluted (in shares) 1,582,327 1,550,756