Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 2,350,200	$ 1,542,500
Restricted cash	1,076,900	0
Securities	0	121,000
Accounts receivable, including deferred rent of $828,000 and $869,600 at December 31, 2019 and December 31, 2018, respectively	1,139,700	3,967,200
Finance leases receivable, net of allowance for doubtful accounts of $2,908,600 and $0 at December 31, 2019 and December 31, 2018, respectively	8,802,100	15,250,900
Aircraft and aircraft engines held for lease, net of accumulated depreciation of $31,338,700 and $36,675,500 at December 31, 2019 and December 31, 2018, respectively	108,368,600	184,019,900
Assets held for sale	26,036,600	10,223,300
Property, equipment and furnishings, net of accumulated depreciation of $9,600 and $2,200 at December 31, 2019 and December 31, 2018, respectively	62,900	69,100
Office lease right of use, net of accumulated amortization of $405,400 at December 31, 2019	948,300	0
Favorable office lease acquired, net of accumulated amortization of $61,700 at December 31, 2018	0	863,300
Deferred tax asset	517,700	254,900
Prepaid expenses and other assets	292,800	840,100
Total assets	149,595,800	217,152,200
Liabilities:
Accounts payable and accrued expenses	736,000	1,025,600
Accrued payroll	164,200	78,600
Notes payable and accrued interest, net of unamortized debt issuance costs of $3,825,700 and $674,300 at December 31, 2019 and December 31, 2018, respectively	111,638,400	131,092,200
Derivative liability	1,824,500	0
Lease liability	336,400	0
Maintenance reserves	4,413,100	28,527,500
Accrued maintenance costs	446,300	463,300
Security deposits	1,034,300	3,367,800
Unearned revenues	3,039,200	3,274,800
Deferred income taxes	2,529,800	7,537,100
Income taxes payable	175,000	497,400
Total liabilities	126,337,200	175,864,300
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $0.001 par value, 2,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.001 par value, 10,000,000 shares authorized, 1,545,884 outstanding at December 31, 2019 and December 31, 2018, respectively	1,800	1,800
Paid-in capital	16,782,800	16,782,800
Retained earnings	10,882,100	27,540,600
Accumulated other comprehensive income	(1,370,800)	0
Shareholders equity before treasury stock	26,295,900	44,325,200
Treasury stock at cost, 213,332 shares at December 31, 2019 and December 31, 2018	(3,037,300)	(3,037,300)
Total stockholders' equity	23,258,600	41,287,900
Total liabilities and stockholders' equity	$ 149,595,800	$ 217,152,200