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Operating Segments (Tables)
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Geographic information of operating and finance lease revenue
    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  

 

    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  

 

Net book value of aircraft and aircraft engines held for lease
    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