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Balance Sheets (Unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Assets:    
Cash and cash equivalents $ 4,929,200 $ 2,112,700
Accounts receivable, including deferred rent of $475,800 and $217,200 at March 31, 2014 and December 31, 2013, respectively 2,501,100 3,303,800
Finance leases receivable 1,867,300 1,895,200
Aircraft and aircraft engines held for lease, net of accumulated depreciation of $51,796,400 and $50,679,300 at March 31, 2014 and December 31, 2013, respectively 179,709,800 152,954,600
Assets held for sale 519,800 735,000
Prepaid expenses and other 3,553,800 3,633,000
Total assets 193,081,000 164,634,300
Liabilities:    
Accounts payable and accrued expenses 1,043,900 1,202,700
Notes payable and accrued interest 104,980,800 77,527,300
Maintenance reserves 14,946,800 16,671,800
Accrued maintenance costs 1,547,300 1,612,100
Security deposits 7,379,200 6,265,000
Unearned revenues 1,950,000 646,700
Deferred income taxes 14,727,600 14,573,800
Income taxes payable 800 0
Total liabilities 146,576,400 118,499,400
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 32,227,000 31,857,300
Shareholders equity before treasury stock 47,008,700 46,639,000
Treasury stock at cost, 63,300 shares (504,100) (504,100)
Total stockholders' equity 46,504,600 46,134,900
Total liabilities and stockholders' equity $ 193,081,000 $ 164,634,300