Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating activities:
Net loss	$ (16,658,500)	$ (8,081,200)
Adjustments to reconcile net loss to net cash provided by operating activities:
Net gain on disposal of assets	(326,900)	3,408,700
Net loss on sales-type finance leases	170,600	0
Non-cash income	0	(42,700)
Depreciation	11,587,500	12,637,100
Amortization	0	61,700
Provision for impairment in value of aircraft	31,007,400	2,971,500
Provision for bad debts	2,908,600	0
Non-cash interest	3,376,300	1,615,500
Settlement loss	0	2,527,000
Deferred income taxes	(4,895,200)	(1,390,000)
Derivative valuations	154,000	0
Changes in operating assets and liabilities:
Accounts receivable	(5,962,800)	(537,400)
Finance leases receivable	263,400	(133,100)
Office lease right of use	(948,300)	0
Favorable office lease acquired	863,300	0
Prepaid expenses and other	551,700	(457,800)
Taxes receivable	(5,600)	22,500
Accounts payable and accrued expenses	(277,300)	1,802,700
Accrued payroll	85,600	(14,800)
Accrued interest on notes payable	310,200	(147,100)
Office lease liability	336,400	0
Maintenance reserves and accrued costs	(14,016,200)	3,552,600
Security deposits	0	(4,100)
Unearned revenue	(32,100)	827,300
Income taxes payable	(322,400)	(677,200)
Net cash provided by operating activities	8,169,700	17,941,200
Investing activities:
Proceeds from sale of aircraft and aircraft engines held for lease, net of re-sale fees	1,702,400	11,688,400
Proceeds from sale of assets held for sale, net of re-sale fees	15,107,000	4,945,200
Purchases of aircraft and aircraft engines	0	(22,844,300)
Proceeds from sale of securities	121,000	0
Acquisition of JHC, net of cash acquired	0	(2,875,100)
Net cash provided by/(used in) investing activities	16,930,400	(9,085,800)
Financing activities:
Issuance of notes payable - MUFG Credit Facility	5,984,100	21,000,000
Repayment of notes payable - MUFG Credit Facility	(44,300,000)	(32,600,000)
Issuance of notes payable - Nord Term Loans	44,310,000	0
Repayment of notes payable - UK LLC SPE Financing	(9,211,100)	(4,300,700)
Repayment of notes payable - Nord Term Loans	(13,395,600)	0
Debt issuance costs	(6,527,700)	(70,000)
Settlement of interest rate swap	(75,200)	0
Net cash used in financing activities	(23,215,500)	(15,970,700)
Net increase/(decrease) in cash, cash equivalents and restricted cash	1,884,600	(7,115,300)
Cash, cash equivalents and restricted cash, beginning of year	1,542,500	8,657,800
Cash, cash equivalents and restricted cash, end of year	$ 3,427,100	$ 1,542,500