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Balance Sheets (Unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Assets:    
Cash and cash equivalents $ 7,647,000 $ 1,596,800
Accounts receivable, including deferred rent of $870,800 and $985,300, net of allowance for doubtful accounts of $2,419,400 and $2,419,400 at June 30, 2013 and December 31, 2012, respectively 2,873,400 3,196,200
Finance leases receivable 2,007,600 1,557,200
Aircraft and aircraft engines held for lease, net of accumulated depreciation of $51,385,300 and $52,244,500 at June 30, 2013 and December 31, 2012, respectively 140,102,000 143,667,700
Assets held for sale 1,447,800 745,400
Prepaid expenses and other 2,948,500 1,663,200
Total assets 157,026,300 152,426,500
Liabilities:    
Accounts payable and accrued expenses 1,013,800 1,133,600
Notes payable and accrued interest 69,630,700 67,865,700
Maintenance reserves and accrued maintenance costs 11,453,800 15,356,100
Security deposits 6,871,200 7,001,200
Unearned revenues 606,500 752,400
Deferred income taxes 16,222,600 14,419,200
Income taxes payable 394,500 19,100
Total liabilities 106,193,100 106,547,300
Stockholders' equity:    
Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.001 par value, 10,000,000 shares authorized, 1,606,557 shares issued and outstanding 1,600 1,600
Paid-in capital 14,780,100 14,780,100
Retained earnings 36,555,600 31,601,600
Shareholders equity before treasury stock 51,337,300 46,383,300
Treasury stock at cost, 63,300 shares (504,100) (504,100)
Total stockholders' equity 50,833,200 45,879,200
Total liabilities and stockholders' equity $ 157,026,300 $ 152,426,500