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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 6,419,900 $ 11,191,500
Investing activities:    
Proceeds from sale of aircraft and aircraft engines held for lease, net of re-sale fees 1,710,500 3,186,800
Proceeds from sale of assets held for sale, net of re-sale fees 2,181,600 2,644,900
Investment in aircraft parts and acquisition costs 0 (22,606,000)
Net cash provided by/(used in) investing activities 3,892,100 (16,774,300)
Financing activities:    
Issuance of notes payable - Credit Facility 5,100,000 21,000,000
Repayment of notes payable - Credit Facility (40,100,000) (17,500,000)
Issuance of notes payable - Term Loans 44,310,000 0
Repayment of notes payable - UK LLC SPE Financing (9,211,100) (2,127,000)
Repayment of notes payable - Term Loans (3,533,600) 0
Debt issuance costs (5,063,100) (70,000)
Net cash (used in)/provided by financing activities (8,497,800) 1,303,000
Net increase/(decrease) in cash and cash equivalents 1,814,200 (4,279,800)
Cash and cash equivalents, beginning of period 1,542,500 8,657,800
Cash and cash equivalents, end of period $ 3,356,700 $ 4,378,000