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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash provided by operating activities $ 8,146,400 $ 14,543,600
Investing activities:    
Proceeds from sale of aircraft and aircraft engines held for lease, net of re-sale fees 1,702,500 8,382,000
Proceeds from sale of assets held for sale, net of re-sale fees 5,505,400 4,366,200
Investment in aircraft parts and acquisition costs (150,000) (22,702,900)
Net cash provided by/(used in) investing activities 7,057,900 (9,954,700)
Financing activities:    
Issuance of notes payable - Credit Facility 5,100,000 21,000,000
Repayment of notes payable - Credit Facility (44,300,000) (24,200,000)
Issuance of notes payable - Term Loans 44,310,000 0
Repayment of notes payable - UK LLC SPE Financing (9,211,100) (3,207,200)
Repayment of notes payable - Term Loans (5,513,000) 0
Debt issuance costs (5,074,200) (70,000)
Net cash (used in)/provided by financing activities (14,688,300) (6,477,200)
Net increase/(decrease) in cash and cash equivalents 516,000 (1,888,300)
Cash and cash equivalents, beginning of period 1,542,500 8,657,800
Cash and cash equivalents, end of period $ 2,058,500 $ 6,769,500