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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Condensed Consolidated Statements of Cash Flows (Unaudited) [Abstract]    
Net cash provided by operating activities $ 8,706,500 $ 8,125,800
Investing activities:    
Proceeds from sale of aircraft and aircraft engines held for lease, net of re-sale fees 1,397,300 2,062,600
Proceeds from sale of assets held for sale, net of re-sale fees 112,600 3,059,900
Proceeds from insurance 0 18,886,700
Investment in direct financing leases (7,614,200) 0
Investment in aircraft parts and acquisition costs (21,735,900) (971,100)
Net cash (used in)/provided by investing activities (27,840,200) 23,038,100
Financing activities:    
Issuance of notes payable - Credit Facility 26,000,000 0
Repayment of notes payable - Credit Facility (2,800,000) (31,600,000)
Repayment of notes payable - special purpose financing (2,033,900) 0
Debt issuance costs (65,000) (65,000)
Net cash provided by/(used in) financing activities 21,101,100 (31,665,000)
Net increase/(decrease) in cash and cash equivalents 1,967,400 (501,100)
Cash and cash equivalents, beginning of period 2,194,400 2,721,000
Cash and cash equivalents, end of period $ 4,161,800 $ 2,219,900