Operating Segments

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Operating Segments

The Company operates in one business segment, the leasing of regional aircraft to foreign and domestic regional airlines, and therefore does not present separate segment information for lines of business.

Approximately 30% and 28% of the Company’s operating lease revenue was derived from lessees domiciled in the United States during 2019 and 2018, respectively. All revenues relating to aircraft leased and operated internationally, with the exception of rent payable in Euros for two of the Company’s aircraft, are denominated and payable in U.S. dollars.

The tables below set forth geographic information about the Company’s operating lease revenue and net book value for leased aircraft and aircraft equipment, grouped by domicile of the lessee: 

	For the Years Ended December 31,
Operating Lease Revenue	2019		2018
Europe and United Kingdom	$	15,174,900	$	16,258,800
North America		10,119,100		10,119,100
Asia		315,000		1,259,600
	$	25,609,000	$	27,637,500

	December 31,
Net Book Value of Aircraft and Aircraft Engines Held for Lease	2019		2018
Europe and United Kingdom	$	44,569,000	$	110,069,000
North America		63,799,600		68,485,400
Asia		-		5,465,500
	$	108,368,600	$	184,019,900

The table below sets forth geographic information about the Company’s finance lease revenue, grouped by domicile of the lessee: 

	For the Years Ended December 31,
Finance Lease Revenue	2019		2018
Africa	$	487,000	$	832,800
Europe and United Kingdom		365,600		418,200
	$	852,600	$	1,251,000