Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets:
Cash and cash equivalents	$ 2,194,400	$ 2,721,000
Accounts receivable, including deferred rent of $604,800 and $359,200 at December 31, 2016 and December 31, 2015, respectively	4,046,100	5,693,500
Finance leases receivable	17,468,300	11,895,600
Aircraft and aircraft engines held for lease, net of accumulated depreciation of $32,639,600 and $31,074,600 at December 31, 2016 and December 31, 2015, respectively	192,799,800	155,258,100
Assets held for sale	1,998,100	5,228,400
Prepaid expenses and other	229,400	228,400
Total assets	218,736,100	181,025,000
Liabilities:
Accounts payable and accrued expenses	1,218,100	1,138,400
Notes payable and accrued interest, net of unamortized debt issuance costs of $1,999,900 and $2,814,000 at December 31, 2016 and December 31, 2015, respectively	125,837,900	107,621,600
Maintenance reserves	29,424,100	13,230,000
Accrued maintenance costs	965,000	382,300
Security deposits	3,933,200	3,212,600
Unearned revenues	1,903,900	1,957,400
Deferred income taxes	12,830,500	12,204,200
Income taxes payable	123,200	0
Total liabilities	176,235,900	139,746,500
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.001 par value, 10,000,000 shares authorized, 1,629,999 shares issued, 1,566,699 outstanding	1,600	1,600
Paid-in capital	14,780,100	14,780,100
Retained earnings	28,222,600	27,000,900
Shareholders equity before treasury stock	43,004,300	41,782,600
Treasury stock at cost, 63,300 shares	(504,100)	(504,100)
Total stockholders' equity	42,500,200	41,278,500
Total liabilities and stockholders' equity	$ 218,736,100	$ 181,025,000