Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Assets:
Cash and cash equivalents	$ 1,542,500	$ 8,657,800
Securities	121,000	0
Accounts receivable, including deferred rent of $220,100 and $707,300 at December 31, 2018 and December 31, 2017, respectively	3,967,200	3,825,100
Finance leases receivable	15,250,900	23,561,000
Aircraft and aircraft engines held for lease, net of accumulated depreciation of $36,675,500 and $33,234,200 at December 31, 2018 and December 31, 2017, respectively	184,019,900	195,098,200
Assets held for sale	10,223,300	4,966,500
Property, equipment and furnishings, net of accumulated depreciation of $2,200 at December 31, 2018	69,100	0
Favorable lease acquired, net of accumulated amortization of $61,700 at December 31, 2018	863,300	0
Deferred tax asset	254,900	0
Prepaid expenses and other assets	840,100	301,300
Total assets	217,152,200	236,409,900
Liabilities:
Accounts payable and accrued expenses	1,025,600	645,200
Accrued payroll	78,600	0
Notes payable and accrued interest, net of unamortized debt issuance costs of $674,300 and $2,216,000 at December 31, 2018 and December 31, 2017, respectively	131,092,200	145,598,200
Maintenance reserves	28,527,500	26,942,800
Accrued maintenance costs	463,300	1,275,300
Security deposits	3,367,800	3,147,900
Unearned revenues	3,274,800	2,447,500
Deferred income taxes	7,537,100	8,533,700
Income taxes payable	497,400	452,600
Total liabilities	175,864,300	189,043,200
Commitments and contingencies (Note 9)
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, 1,545,884 and 1,416,699 outstanding at December 31, 2018 and December 31, 2017, respectively	1,800	1,600
Paid-in capital	16,782,800	14,780,100
Retained earnings	27,540,600	35,621,800
Shareholders equity before treasury stock	44,325,200	50,403,500
Treasury stock at cost, 213,332 and 213,300 shares at December 31, 2018 and December 31, 2017, respectively	(3,037,300)	(3,036,800)
Total stockholders' equity	41,287,900	47,366,700
Total liabilities and stockholders' equity	$ 217,152,200	$ 236,409,900