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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues and other income:    
Operating lease revenue, net $ 6,462,900 $ 7,316,900
Finance lease revenue 379,000 325,400
Net (loss)/gain on disposal of assets (8,200) 13,900
Net gain on sales-type finance leases 0 297,400
Other income 1,051,400 200
Total Income 7,885,100 7,953,800
Expenses:    
Depreciation 2,941,900 2,936,100
Interest 2,254,100 1,610,300
Management fees 1,446,800 1,506,800
Professional fees, general and administrative and other 577,400 506,100
Maintenance 91,200 256,100
Insurance 79,700 73,200
Other taxes 22,600 22,600
Total expenses 7,413,700 6,911,200
Income before income tax provision 471,400 1,042,600
Income tax provision 154,100 401,100
Net income $ 317,300 $ 641,500
Earnings per share:    
Basic (in dollars per share) $ 0.22 $ 0.41
Diluted (in dollars per share) $ 0.22 $ 0.41
Weighted average shares used in earnings per share computations:    
Basic (in shares) 1,416,699 1,550,032
Diluted (in shares) 1,416,699 1,550,032