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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues and other income:    
Operating lease revenue $ 27,637,500 $ 29,002,700
Maintenance reserves revenue, net 1,629,000 3,886,900
Finance lease revenue 1,251,000 1,571,500
Net (loss)/gain on disposal of assets (3,408,700) 791,500
Net gain on sales-type finance leases 0 297,400
Other income 7,600 3,800
Total Income 27,116,400 35,553,800
Expenses:    
Depreciation 12,637,100 12,025,600
Interest 9,506,000 7,753,200
Management fees 4,482,800 6,109,200
Provision for impairment in value of aircraft 2,971,500 1,002,100
Professional fees, general and administrative and other 2,343,800 1,945,100
Maintenance 636,000 2,924,300
Salaries and employee benefits 592,300 0
Insurance 383,700 271,300
Other taxes 90,200 90,300
Settlement loss 2,527,000 0
Total expenses 36,170,400 32,121,100
(Loss)/income before income tax benefit (9,054,000) 3,432,700
Income tax benefit (972,800) (3,966,500)
Net (loss)/income $ (8,081,200) $ 7,399,200
(Loss)/earnings per share:    
Basic (in dollars per share) $ (5.58) $ 5.10
Diluted (in dollars per share) $ (5.58) $ 5.10
Weighted average shares used in (loss)/earnings per share computations:    
Basic (in shares) 1,449,261 1,449,576
Diluted (in shares) 1,449,261 1,449,576