Aircraft Lease Assets (Tables)

9 Months Ended

Sep. 30, 2019

Aircraft Lease Assets [Abstract]

Aircraft and aircraft engines held for lease

	September 30, 2019					December 31, 2018
Type	Number Owned		% of net book value			Number owned		% of net book value
Regional jet aircraft		11		83	%		13		81	%
Turboprop aircraft		2		17	%		4		18	%
Engines		-		-	%		1		1	%

Minimum future lease revenue payments receivable

Years ending December 31
Remainder of 2019	$	4,776,400
2020		17,421,200
2021		10,319,700
2022		8,567,300
2023		8,567,300
Thereafter		8,446,200
	$	58,098,100

Net investment included in finance leases and direct financing leases receivable

	September 30, 2019			December 31, 2018
Gross minimum lease payments receivable	$	17,286,300		$	17,107,100
Less unearned interest		(1,295,500	)		(1,856,200	)
Finance leases receivable	$	15,990,800		$	15,250,900

Minimum future payments receivable under finance leases

Years ending December 31
Remainder of 2019	$	5,279,600
2020		4,708,200
2021		5,085,400
2022		2,213,100
	$	17,286,300