Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 2,721,000	$ 1,840,500
Accounts receivable, including deferred rent of $359,200 and $111,300 at December 31, 2015 and December 31, 2014, respectively	5,693,500	2,128,600
Finance leases receivable	11,895,600	0
Aircraft and aircraft engines held for lease, net of accumulated depreciation of $31,074,600 and $38,962,800 at December 31, 2015 and December 31, 2014, respectively	155,258,100	186,762,600
Assets held for sale	5,228,400	6,522,900
Prepaid expenses and other	228,400	415,900
Total assets	181,025,000	197,670,500
Liabilities:
Accounts payable and accrued expenses	1,138,400	2,818,200
Notes payable and accrued interest, net of unamortized debt issuance costs of $2,814,000 and $4,104,400 at December 31, 2015 and December 31, 2014, respectively	107,621,600	129,486,200
Maintenance reserves	13,230,000	12,927,700
Accrued maintenance costs	382,300	2,115,700
Security deposits	3,212,600	5,218,300
Unearned revenues	1,957,400	1,642,200
Deferred income taxes	12,204,200	8,621,300
Total liabilities	$ 139,746,500	$ 162,829,600
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, 1,629,999 and 1,606,557 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively	1,600	1,600
Paid-in capital	14,780,100	14,780,100
Retained earnings	27,000,900	20,563,300
Shareholders equity before treasury stock	41,782,600	35,345,000
Treasury stock at cost, 63,300 shares	(504,100)	(504,100)
Total stockholders' equity	41,278,500	34,840,900
Total liabilities and stockholders' equity	$ 181,025,000	$ 197,670,500