Assets Held for Sale	3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]
Assets Held for Sale	Assets held for sale at March 31, 2020 included three regional jet aircraft, one turboprop aircraft, which is subject to a short-term operating lease, and airframe parts from two turboprop aircraft. During the first quarter of 2020, the Company recognized losses totaling $6,654,900 to write three regional jet aircraft and its parts inventory down to fair value, which has been significantly affected by the COVID-19 Outbreak, less cost of sale. During the first quarter of 2020, the Company received $175,500 in cash and accrued $77,300 in receivables for parts sales. These amounts were accounted for as follows: $117,400 reduced accounts receivable for parts sales accrued in the fourth quarter of 2019; $117,800 reduced the carrying value of the parts; and $17,600 was recorded as gains in excess of the carrying value of the parts. During the first quarter of 2019, the Company received $216,900 in cash and accrued $94,400 in receivables for parts sales. These amounts were accounted for as follows: $133,100 reduced accounts receivable for parts sales accrued in 2018; $151,500 reduced the carrying value of the parts; and $26,700 was recorded as gains in excess of the carrying value of the parts.

Assets Held for Sale

3 Months Ended

Mar. 31, 2020

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Assets held for sale at March 31, 2020 included three regional jet aircraft, one turboprop aircraft, which is subject to a short-term operating lease, and airframe parts from two turboprop aircraft.

During the first quarter of 2020, the Company recognized losses totaling $6,654,900 to write three regional jet aircraft and its parts inventory down to fair value, which has been significantly affected by the COVID-19 Outbreak, less cost of sale.

During the first quarter of 2020, the Company received $175,500 in cash and accrued $77,300 in receivables for parts sales. These amounts were accounted for as follows: $117,400 reduced accounts receivable for parts sales accrued in the fourth quarter of 2019; $117,800 reduced the carrying value of the parts; and $17,600 was recorded as gains in excess of the carrying value of the parts. During the first quarter of 2019, the Company received $216,900 in cash and accrued $94,400 in receivables for parts sales. These amounts were accounted for as follows: $133,100 reduced accounts receivable for parts sales accrued in 2018; $151,500 reduced the carrying value of the parts; and $26,700 was recorded as gains in excess of the carrying value of the parts.