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Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenues and other income:    
Operating lease revenue, net $ 18,794,200 $ 23,662,300
Maintenance reserves revenue, net 8,878,300 4,099,100
Net gain on disposal of assets 3,808,200 1,486,000
Other income 718,800 110,700
Total Income 32,199,500 29,358,100
Expenses:    
Maintenance 8,765,000 4,082,100
Depreciation 7,312,500 6,126,900
Management fees 4,352,400 4,166,200
Interest 4,075,000 4,627,000
Professional fees, general and administrative and other 1,532,100 1,513,000
Insurance 1,166,400 866,000
Other taxes 90,200 90,200
Total expenses 27,293,600 21,471,400
Income before income tax provision 4,905,900 7,886,700
Income tax provision 1,688,400 2,697,700
Net income $ 3,217,500 $ 5,189,000
Earnings per share:    
Basic (in dollars per share) $ 2.08 $ 3.36
Diluted (in dollars per share) $ 2.03 $ 3.32
Weighted average shares used in earnings per share computations:    
Basic (in shares) 1,543,257 1,543,257
Diluted (in shares) 1,587,036 1,563,054