Concentration of Credit Risk

12 Months Ended

Dec. 31, 2014

Concentration of Credit Risk [Abstract]

Concentration of Credit Risk

6.Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits and receivables.  The Company places its deposits with financial institutions and other creditworthy issuers and limits the amount of credit exposure to any one party.

For the year ended December 31, 2014 the Company had four significant customers, which accounted for 20%, 18%, 14% and 11%, respectively, of lease revenue.  For the year ended December 31, 2013 the Company had four significant customers, which accounted for 23%, 19%, 11% and 10%, respectively, of lease revenue.  

At December 31, 2014, the Company had receivables from two customers totaling $1,130,000, representing 56% of the Company’s total receivables.  The two customers paid the amounts owed in full in early 2015.

At December 31, 2013, the Company had receivables from two customers totaling $1,231,500, representing 40% of the Company’s total receivables, all of which was paid in 2014.

As of December 31, 2014, minimum future lease revenue payments receivable under noncancelable leases were as follows:

Years ending
2015	$	22,938,700
2016		21,300,400
2017		17,937,600
2018		13,719,200
2019		12,860,000
Thereafter		37,596,300
	$	126,352,200