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Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues and other income:        
Operating lease revenue, net $ 4,368,200 $ 5,792,600 $ 13,941,200 $ 17,388,600
Maintenance reserves revenue, net 556,900 1,263,800 8,260,500 3,026,700
Gain on disposal of assets and other income 2,023,000 26,500 4,792,200 954,100
Total Income 6,948,100 7,082,900 26,993,900 21,369,400
Expenses:        
Maintenance 2,451,100 807,400 6,239,900 3,174,500
Depreciation 1,790,300 1,546,300 5,339,700 4,525,800
Management fees 1,054,000 1,091,600 3,218,500 3,085,000
Interest 966,200 1,233,900 3,034,300 3,458,900
Professional fees, general and administrative and other 278,900 349,800 948,600 977,600
Insurance 276,300 292,400 827,900 611,700
Bad debt expense 357,600 0 357,600 310,300
Total expenses 7,174,400 5,321,400 19,966,500 16,143,800
Income/(loss) before income tax provision (226,300) 1,761,500 7,027,400 5,225,600
Income tax provision 114,300 648,600 2,414,100 1,827,100
Net income/(loss) $ (340,600) $ 1,112,900 $ 4,613,300 $ 3,398,500
Earnings/(loss) per share:        
Basic (in dollars per share) $ (0.22) $ 0.72 $ 2.99 $ 2.20
Diluted (in dollars per share) $ (0.22) $ 0.71 $ 2.91 $ 2.18
Weighted average shares used in earnings per share computations:        
Basic (in shares) 1,543,257 1,543,257 1,543,257 1,543,257
Diluted (in shares) 1,543,257 1,565,057 1,587,329 1,560,453