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Balance Sheets (Unaudited) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Assets:    
Cash and cash equivalents $ 5,077,300 $ 1,596,800
Accounts receivable, including deferred rent of $250,900 and $985,300, net of allowance for doubtful accounts of $0 and $2,419,400 at September 30, 2013 and December 31, 2012, respectively 2,079,700 3,196,200
Finance leases receivable 1,933,200 1,557,200
Aircraft and aircraft engines held for lease, net of accumulated depreciation of $51,638,300 and $52,244,500 at September 30, 2013 and December 31, 2012, respectively 138,712,100 143,667,700
Assets held for sale 1,374,300 745,400
Prepaid expenses and other 3,163,800 1,663,200
Total assets 152,340,400 152,426,500
Liabilities:    
Accounts payable and accrued expenses 976,700 1,133,600
Notes payable and accrued interest 64,532,400 67,865,700
Maintenance reserves and accrued maintenance costs 12,381,300 15,356,100
Security deposits 6,520,300 7,001,200
Unearned revenues 607,400 752,400
Deferred income taxes 16,825,500 14,419,200
Income taxes payable 4,300 19,100
Total liabilities 101,847,900 106,547,300
Commitments and contingencies      
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 36,214,900 31,601,600
Shareholders equity before treasury stock 50,996,600 46,383,300
Treasury stock at cost, 63,300 shares (504,100) (504,100)
Total stockholders' equity 50,492,500 45,879,200
Total liabilities and stockholders' equity $ 152,340,400 $ 152,426,500