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Aircraft and Aircraft Engines Held for Lease or Sale (Details)
3 Months Ended 6 Months Ended
Sep. 30, 2017
USD ($)
Aircraft
Jun. 30, 2017
USD ($)
Aircraft
Jun. 30, 2016
USD ($)
Jun. 30, 2017
USD ($)
Aircraft
Asset
Jun. 30, 2016
USD ($)
Dec. 31, 2016
Aircraft
Aircraft and aircraft engines held for lease or sale [Abstract]            
Payment for equipment and acquisition costs related to aircraft purchased       $ 7,614,200 $ 0  
Gain (loss) on sale of assets   $ (147,700) $ 2,146,500 (133,900) 2,146,500  
Proceeds from the sale of airframe parts       112,600 3,059,900  
Asset Impairment Charges   454,300 246,200 454,300 $ 321,200  
Minimum future lease revenue payments receivable under noncancelable operating leases [Abstract]            
Remainder of 2017   13,271,400   13,271,400    
2018   24,683,000   24,683,000    
2019   24,255,200   24,255,200    
2020   21,803,000   21,803,000    
2021   14,701,600   14,701,600    
Thereafter   39,294,700   39,294,700    
Total   $ 138,008,900   $ 138,008,900    
Turboprop Aircraft [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number owned | Aircraft   11   11   12
Percentage of net book value   21.00%   21.00%   23.00%
Regional Jet Aircraft [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number owned | Aircraft   14   14   12
Percentage of net book value   77.00%   77.00%   73.00%
Engines [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number owned | Aircraft   1   1   4
Percentage of net book value   2.00%   2.00%   4.00%
Embraer 175 Aircraft [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of aircraft purchased | Aircraft   2        
Held for Lease [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Percentage of net book value   7.00%   7.00%    
Payment for equipment and acquisition costs related to aircraft purchased     963,600      
Number of assets held for lease, off lease | Asset       6    
Held for Lease [Member] | Turboprop Aircraft [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of assets held for lease, off lease | Asset       5    
Held for Lease [Member] | Engines [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of aircraft sold | Aircraft   2        
Gain (loss) on sale of assets   $ (173,700)        
Number of assets held for lease, off lease | Asset       1    
Held for Lease [Member] | Embraer 175 Aircraft [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of aircraft purchased | Aircraft   2        
Payment for equipment and acquisition costs related to aircraft purchased   $ 21,172,700        
Held for Lease [Member] | Embraer 175 Aircraft [Member] | Forecast [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of aircraft purchased | Aircraft 1          
Payment for equipment and acquisition costs related to aircraft purchased $ 500,000          
Held for Sale [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Proceeds from the sale of airframe parts   96,300 41,100      
Asset Impairment Charges   $ 70,400 $ 41,100      
Held for Sale [Member] | Turboprop Aircraft [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of assets held for sale | Aircraft   1   1    
Held for Sale [Member] | Turboprop Airframe [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of aircraft sold | Aircraft       2    
Gain (loss) on sale of assets       $ 25,900    
Number of assets held for sale | Aircraft   1   1    
Held for Sale [Member] | Aircraft [Member]            
Aircraft and aircraft engines held for lease or sale [Abstract]            
Number of assets held for sale | Aircraft   3   3