EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Dean L. Cash, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund IX, LLC;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 13, 2013

/s/ Dean L. Cash Dean L. Cash President and Chief Executive Officer of ATEL Financial Services, LLC (Managing Member)

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR RULE 15d-14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Paritosh K. Choksi, certify that:

1. I have reviewed this quarterly report on Form 10-Q of ATEL Capital Equipment Fund IX, LLC;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 13, 2013

/s/ Paritosh K. Choksi Paritosh K. Choksi Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC (Managing Member)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund IX, LLC (the “Company”) on Form 10-Q for the period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dean L. Cash, President and Chief Executive Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 13, 2013

/s/ Dean L. Cash Dean L. Cash President and Chief Executive Officer of ATEL Financial Services, LLC (Managing Member)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. §1350,
AS ADOPTED PURSUANT TO
§906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of ATEL Capital Equipment Fund IX, LLC (the “Company”) on Form 10-Q for the period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Paritosh K. Choksi, Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC, Managing Member of the Company, hereby certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 13, 2013

/s/ Paritosh K. Choksi Paritosh K. Choksi Executive Vice President and Chief Financial Officer and Chief Operating Officer of ATEL Financial Services, LLC (Managing Member)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Investments In Equipment And Leases, Net (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Depreciation of operating lease assets	$ 687	$ 931	$ 931
Average estimated residual value of assets on operating leases	18.00%		16.00%
Revenues from contingent rentals	$ 13	$ 9
Minimum [Member]
Accounts receivable, period for non accrual status	90 days

XML

Members' Capital (Narrative) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Other Members Capital Account [Line Items]
Other Members capital account, units issued	12,055,016	12,055,016
Other Members capital account, units outstanding	12,055,016	12,055,016
Other Members capital account, units authorized	15,000,000	15,000,000
Potential repurchase price of Units as percentage of holder's capital account	100.00%
Managing Member [Member]
Other Members Capital Account [Line Items]
Managing members account, units issued	50	50
Allocation of net income or net losses	7.50%
Other Members [Member]
Other Members Capital Account [Line Items]
Allocation of net income or net losses	92.50%

XML

Non-Recourse Debt (Future Minimum Payments Of Non-Recourse Debt) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Principal
Nine Months ending December 31, 2013	$ 3,236
Year ending December 31, 2014	4,568
2015	4,616
2016	3,743
2017	178
Long-term Debt, Total	16,341
Interest
Nine months ending December 31, 2013	735
Year ending December 31, 2014	726
2015	420
2016	133
2017	1
Long Term Debt Interest, Total	2,015
Total
Nine Months ending December 31, 2013	3,971
Year ending December 31, 2014	5,294
2015	5,036
2016	3,876
2017	179
Long Term Debt Principal and Interest, Total	$ 18,356

XML

Notes Receivable, Net (Initial Direct Costs, Amortization Expense Related To Notes Receivable And Company's Operating And Direct Finance Leases) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Initial Direct Costs Notes Receivable And Lease Assets [Line Items]
Amortization of initial direct costs	$ 5	$ 7
Notes Receivable [Member]
Initial Direct Costs Notes Receivable And Lease Assets [Line Items]
Amortization of initial direct costs		1
Lease Assets [Member]
Initial Direct Costs Notes Receivable And Lease Assets [Line Items]
Amortization of initial direct costs	$ 5	$ 6

XML

Non-Recourse Debt (Tables)

3 Months Ended

Mar. 31, 2013

Non-Recourse Debt [Abstract]

Future Minimum Payments Of Non-Recourse Debt

		Principal		Interest		Total
Nine months ending December 31, 2013	$	3,236	$	735	$	3,971
Year ending December 31, 2014		4,568		726		5,294
2015		4,616		420		5,036
2016		3,743		133		3,876
2017		178		1		179
	$	16,341	$	2,015	$	18,356

XML

Fair Value Measurements (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012
Fair Value Measurements [Abstract]
Fair value adjustment on notes receivable	$ 54
Impairment losses	$ 71

XML

Investments In Equipment And Leases, Net (Components Of Investment In Direct Financing Leases) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Investments In Equipment And Leases, Net [Abstract]
Total minimum lease payments receivable	$ 15,968	$ 17,118
Estimated residual values of leased equipment (unguaranteed)	3,563	3,569
Investment in direct financing leases	19,531	20,687
Less unearned income	(7,463)	(8,234)
Net investment in direct financing leases	$ 12,068	$ 12,453

XML

Allowance For Credit Losses (Financing Receivables By Credit Quality Indicator And Class) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment [Line Items]
Finance Leases [Member]	$ 12,068	$ 12,453
Notes Receivable [Member]	749	1,018
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases [Member]	12,068	12,426
Notes Receivable [Member]	701	259
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases [Member]		27
Notes Receivable [Member]	48	759
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases [Member]
Notes Receivable [Member]
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases [Member]
Notes Receivable [Member]

XML

Fair Value Measurements (Estimated Fair Values Of Financial Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Financial assets:
Cash and cash equivalents	$ 5,091	$ 5,217
Notes receivable, net	750	965
Investment in securities	5	5
Financial liabilities:
Non-recourse debt	17,155	18,302
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	5,091	5,217
Notes receivable, net	750	965
Investment in securities	5	5
Financial liabilities:
Non-recourse debt	16,341	17,384
Estimated Fair Value [Member] | Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	5,091	5,217
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Estimated Fair Value [Member] | Level 2 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Estimated Fair Value [Member] | Level 3 Estimated Fair Value [Member]
Financial assets:
Notes receivable, net	750	965
Investment in securities	5	5
Financial liabilities:
Non-recourse debt	$ 17,155	$ 18,302

XML

Commitments And Contingencies (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013 item
Gain Contingencies [Line Items]
Gain contingency, number of vessels	3
Gain contingency, percentage of gross proceeds	10.00%
Gain contingency	$ 2,800
ATEL Capital Equipment Fund IX, LLC [Member]
Gain Contingencies [Line Items]
Gain contingency	$ 350

XML

Summary Of Significant Accounting Policies

3 Months Ended

Mar. 31, 2013

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

2.Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for

2.Summary of significant accounting policies (continued):

the three months ended March 31, 2013 are not necessarily indicative of the results to be expected for the full year. 

Certain prior period amounts have been reclassified to conform to the current period presentation.These reclassifications had no significant impact on the reported financial position or results of operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying unaudited financial statements, the Managing Member has reviewed events that have occurred after March 31, 2013, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, or adjustments thereto.

Use of estimates:

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the three months ended March 31, 2013 and 2012 and long-lived tangible assets as of March 31, 2013 and December 31, 2012 (dollars in thousands):

		Three Months Ended March 31,
		2013	% of Total		2012	% of Total
Revenue
United States	$	2,505	97%	$	3,418	94%
Canada		64	3%		96	3%
United Kingdom		3	0%		116	3%
Total International		67	3%		212	6%
Total	$	2,572	100%	$	3,630	100%
		As of March 31,			As of December 31,
		2013	% of Total		2012	% of Total
Long-lived assets
United States	$	24,007	99%	$	25,571	98%
Canada		320	1%		340	1%
United Kingdom		92	0%		154	1%
Total International		412	1%		494	2%
Total	$	24,419	100%	$	26,065	100%

2.  Summary of significant accounting policies (continued):

Investment in securities:

Purchased securities

Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital.  There were neither impaired securities at March 31, 2013 and December 31, 2012 nor investment securities sold or disposed of during the three months ended March 31, 2013 and 2012.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried at an estimated fair value on the balance sheet at the end of the period, as determined by the Managing Member. At March 31, 2013 and December 31, 2012, the Managing Member estimated the fair value of the warrants to be nominal in amount. Likewise, gains recognized on the net exercise of certain warrants during the first quarter of 2013 were nominal. There were no warrants exercised during the three months ended March 31, 2012.

Other income (expense), net:

Other income (expense), net for the three months ended March 31, 2013 and 2012 consists solely of gains and losses on foreign exchange transactions.

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

Recent accounting pronouncements:

Recent accounting standards updates as issued by the Financial Accounting Standards Board (FASB) were evaluated and determined to be not applicable to the Company.

XML

Investments In Equipment And Leases, Net (Future Minimum Lease Payments Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Operating Leases
Nine months ending December 31, 2013	$ 3,103
Year ending December 31, 2014	2,757
2015	1,418
2016	378
2017	350
2018	182
Thereafter	228
Operating Leases, Future Minimum Payments Receivable, Total	8,416
Direct Financing Leases
Nine Months ending December 31, 2013	3,384
Year ending December 31, 2014	4,450
2015	4,450
2016	3,684
2017
2018
Thereafter
Capital Leases, Future Minimum Payments Receivable, Total	15,968
Total
Nine months ending December 31, 2013	6,487
Year ending December 31, 2014	7,207
2015	5,868
2016	4,062
2017	350
2018	182
Thereafter	228
Operating and Capital Leases, Future Minimum Payments, Receivable, Total	$ 24,384

XML

Summary Of Significant Accounting Policies (Narrative) (Details)	3 Months Ended
	Mar. 31, 2013 segment
Summary Of Significant Accounting Policies [Abstract]
Number of reportable segments	1

XML

Organization And Limited Liability Company Matters (Narrative) (Details) (USD $)	0 Months Ended			123 Months Ended	150 Months Ended				1 Months Ended
	Apr. 03, 2001	Feb. 21, 2001	Jan. 16, 2001	Mar. 31, 2013	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2000	Jun. 30, 2001 Minimum [Member]	Jun. 30, 2001 Atel Financial Services LLC [Member]	Dec. 31, 2000 Members Equity Contributions [Member] Atel Financial Services LLC [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Limited Liability Company or Limited Partnership, Business, Cessation Date					Dec. 31, 2020
Contributions of capital							$ 600	$ 7,500,000		$ 500
Capital investment									100
Public offering of Limited Liability Company Units			15,000,000
Public offering of Limited Liability Company Units, price per unit			$ 10
Sale of Limited Liability Company Units, number of units	753,050	120,000		12,065,266
Proceeds from sale of Limited Liability Company Units		1,200,000		120,700,000
Repurchase of units, number of units				10,250
Amount of aggregate subscriptions for Pennsylvania subscriptions to be released to the Fund								$ 7,500,000
Units issued				12,055,016	12,055,016	12,055,016
Units outstanding				12,055,016	12,055,016	12,055,016
Reinvestment period				6 years

XML

Related Party Transactions (Affiliates Earned Commissions And Billed For Reimbursements Pursuant To Operating Agreement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Disclosure Managing Member And Or Affiliates Earned Commissions And Billed For Reimbursements Pursuant To Operating Agreement [Abstract]
Costs reimbursed to Managing Member and/or affiliates	$ 183	$ 210
Asset management fees to Managing Member and/or affiliates	94	154
Related Party Transaction, Expenses from Transactions with Related Party, Total	$ 277	$ 364

XML

Summary Of Significant Accounting Policies (Summary Of Geographic Information Relating To Sources, By Nation, Of Partnership's Total Revenue And Long-Lived Assets) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 2,572	$ 3,630
Percentage of total revenue	100.00%	100.00%
Long-lived assets	24,419	26,065	26,065
Percentage of long lived assets	100.00%	100.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	2,505	3,418
Percentage of total revenue	97.00%	94.00%
Long-lived assets	24,007	25,571
Percentage of long lived assets	99.00%	98.00%
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	3	116
Percentage of total revenue	0.00%	3.00%
Long-lived assets	92	154
Percentage of long lived assets	0.00%	1.00%
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	64	96
Percentage of total revenue	3.00%	3.00%
Long-lived assets	320	340
Percentage of long lived assets	1.00%	1.00%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	67	212
Percentage of total revenue	3.00%	6.00%
Long-lived assets	$ 412	$ 494
Percentage of long lived assets	1.00%	2.00%

XML

Notes Receivable, Net (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment, Past Due [Line Items]
Fair value adjustments which reduced the cost basis of impaired loans		$ 54
Net investment balance outstanding		117
Gain on early settlement of notes receivable	$ 54
Minimum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable	36 months
Notes receivable, interest rate	8.40%
Notes maturity period	2014
Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable	120 months
Notes receivable, interest rate	16.20%
Notes maturity period	2016

XML

Organization And Limited Liability Company Matters

3 Months Ended

Mar. 31, 2013

Organization And Limited Liability Company Matters [Abstract]

Organization And Limited Liability Company Matters

1.Organization and Limited Liability Company matters:

ATEL Capital Equipment Fund IX, LLC (the “Company” or the “Fund”) was formed under the laws of the State of California on September 27, 2000 for the purpose of engaging in the sale of limited liability company investment units and acquiring equipment to engage in equipment leasing, lending and sales activities, primarily in the United States. The Managing Member or Manager of the Company is ATEL Financial Services, LLC (“AFS”), a California limited liability company. The Company may continue until December 31, 2020. Contributions in the amount of $600 were received as of December 31, 2000, $100 of which represented AFS’s continuing interest, and $500 of which represented the Initial Member’s capital investment.

The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. On February 21, 2001, subscriptions for the minimum number of Units (120,000, representing $1.2 million) had been received (excluding subscriptions from Pennsylvania investors) and AFS requested that the subscriptions be released to the Company. On that date, the Company commenced operations in its primary business. As of April 3, 2001, the Company had received subscriptions for 753,050 Units ($7.5 million), thus exceeding the $7.5 million minimum requirement for Pennsylvania, and AFS requested that the remaining funds in escrow (from Pennsylvania investors) be released to the Company.

As of January 15, 2003, the offering was terminated. As of that date, the Company had received subscriptions for 12,065,266 Units ($120.7 million). Subsequent to January 15, 2003, Units totaling 10,250 were rescinded or repurchased and funds returned to investors (net of distributions paid and allocated syndication costs, as applicable). As of March 31, 2013,  12,055,016 Units remain issued and outstanding.

The Company’s principal objectives are to invest in a diversified portfolio of equipment that (i) preserves, protects and returns the Company’s invested capital; (ii) generates regular distributions to the members of cash from operations and cash from sales or refinancing, with any balance remaining after certain minimum distributions to be used to purchase additional equipment during the reinvestment period (“Reinvestment Period”) (defined as six full years following the year the offering was terminated), which ended on December 31, 2009 and (iii) provides additional distributions following the Reinvestment Period and until all equipment has been sold. The Company is governed by the Limited Liability Company Operating Agreement (“Operating Agreement”), as amended. On January 1, 2010, the Company commenced liquidation phase activities pursuant to the guidelines of the Operating Agreement.

Pursuant to the terms of the Operating Agreement, AFS receives compensation for services rendered and reimbursements for costs incurred on behalf of the Company (See Note 6). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of AFS.

These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission.

XML

Notes Receivable, Net (Minimum Future Payments Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Notes Receivable, Net [Abstract]
Nine months ending December 31, 2013	$ 264
Year ending December 31, 2014	229
2015	166
2016	188
Financing Receivable, Gross, Total	847
Less: portion representing unearned interest income	(98)	(123)
Notes Receivable	749	1,018
Unamortized initial direct costs	1
Notes receivable, net	$ 750	$ 965

XML

Investments In Equipment And Leases, Net (Investment In Leases) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012
Leases Disclosure [Line Items]
Balance December 31, 2012	$ 26,065		$ 26,065
Reclassifications, Additions/ Dispositions	(575)
Depreciation/ Amortization Expense or Amortization of Leases	(1,071)
Balance March 31, 2013	24,419		26,065
Initial direct costs, accumulated amortization	74	82
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	11,291
Reclassifications, Additions/ Dispositions	(312)
Depreciation/ Amortization Expense or Amortization of Leases	(669)
Balance March 31, 2013	10,310
Direct Financing Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	12,453
Reclassifications, Additions/ Dispositions	(6)
Depreciation/ Amortization Expense or Amortization of Leases	(379)
Balance March 31, 2013	12,068
Assets Held-for-sale or Lease[Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	2,289
Reclassifications, Additions/ Dispositions	(257)
Depreciation/ Amortization Expense or Amortization of Leases	(18)
Balance March 31, 2013	2,014
Initial Direct Cost [Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	32
Depreciation/ Amortization Expense or Amortization of Leases	(5)
Balance March 31, 2013	$ 27

XML

Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 5,091	$ 5,217
Accounts receivable, net of allowance for doubtful accounts of $55 at March 31, 2013 and $55 at December 31, 2012	768	880
Notes receivable, net of unearned interest income of $98 and allowance for credit losses of $0 at March 31, 2013 and net of unearned interest income of $123 and allowance for credit losses of $54 as of December 31, 2012	750	965
Prepaid expenses and other assets	54	59
Investment in securities	5	5
Investments in equipment and leases, net of accumulated depreciation of $32,791 at March 31, 2013 and $39,698 at December 31, 2012	24,419	26,065
Total assets	31,087	33,191
Accounts payable and accrued liabilities:
Managing Member	68	69
Other	453	454
Deposits due lessees	49	49
Non-recourse debt	16,341	17,384
Unearned operating lease income	217	295
Total liabilities	17,128	18,251
Commitments and contingencies
Members' capital:
Managing member
Other Members	13,959	14,940
Total Members' capital	13,959	14,940
Total liabilities and Members' capital	$ 31,087	$ 33,191

XML

Non-Recourse Debt (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Gross operating lease rentals and future payments on direct financing leases	18.0
Carrying value of pledged assets	14.8
Maximum [Member]
Fixed Interest rate on note	6.66%
Note maturity year	2017
Minimum [Member]
Fixed Interest rate on note	6.16%
Note maturity year	2015

XML

Statements Of Changes In Members' Capital (Parenthetical) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Statements Of Changes In Members' Capitall [Abstract]
Distributions to Other Members, per unit	$ 0.15	$ 0.15	$ 0.60

XML

Allowance For Credit Losses (Activity In Allowance For Doubtful Accounts) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 109	$ 70	$ 70
(Reversal of provision) provision for doubtful accounts		(56)	39
Asset disposal	(54)
Ending Balance	55		109
Allowance For Doubtful Accounts [Member] | Operating Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	48	60	60
(Reversal of provision) provision for doubtful accounts	1		(12)
Ending Balance	49		48
Allowance For Doubtful Accounts [Member] | Finance Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	7	10	10
(Reversal of provision) provision for doubtful accounts	(1)		(3)
Ending Balance	6		7
Valuation Adjustments on Financing Receivables [Member] | Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	54
(Reversal of provision) provision for doubtful accounts			54
Asset disposal	(54)
Ending Balance			54
Valuation Adjustments on Financing Receivables [Member] | Finance Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance
(Reversal of provision) provision for doubtful accounts
Asset disposal
Ending Balance

XML

Allowance For Credit Losses (Tables)

3 Months Ended

Mar. 31, 2013

Allowance For Credit Losses [Abstract]

Activity In Allowance For Doubtful Accounts

		Accounts Receivable Allowance for Doubtful Accounts						Valuation Adjustments on Financing Receivables				Total Allowance for Credit Losses
		Notes Receivable		Finance Leases		Operating Leases		Notes Receivable		Finance Leases
Balance December 31, 2011	$	-	$	10	$	60	$	-	$	-	$	70
(Reversal of provision) provision		-		(3)		(12)		54		-		39
Balance December 31, 2012		-		7		48		54		-		109
(Reversal of provision) provision		-		(1)		1		-		-		-
Asset disposal		-		-		-		(54)		-		(54)
Balance March 31, 2013	$	-	$	6	$	49	$	-	$	-	$	55

Recorded Investment In Financing Receivables

March 31, 2013		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	-		$	-		$	-
Ending balance: individually evaluated for impairment	$	-		$	-		$	-
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	750	1	$	12,089	2	$	12,839
Ending balance: individually evaluated for impairment	$	750		$	12,089		$	12,839
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
1Includes $1 of unamortized initial direct costs
2Includes $21 of unamortized initial direct costs

4.Allowance for credit losses (continued):

December 31, 2012		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	54		$	-		$	54
Ending balance: individually evaluated for impairment	$	54		$	-		$	54
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	1,019	3	$	12,477	4	$	13,496
Ending balance: individually evaluated for impairment	$	1,019		$	12,477		$	13,496
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
3Includes $1 of unamortized initial direct costs
4Includes $24 of unamortized initial direct costs

Financing Receivables By Credit Quality Indicator And By Class

		Notes Receivable				Finance Leases
		March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Pass	$	701	$	259	$	12,068	$	12,426
Special mention		48		759		-		27
Substandard		-		-		-		-
Doubtful		-		-		-		-
Total	$	749	$	1,018	$	12,068	$	12,453

Net Investment In Financing Receivables By Age

March 31, 2013		30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	749	$	749	$	-
Finance leases		-		2		-		2		12,066		12,068		-
Total	$	-	$	2	$	-	$	2	$	12,815	$	12,817	$	-

December 31, 2012		30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	1,018	$	1,018	$	-
Finance leases		22		-		1		23		12,430		12,453		1
Total	$	22	$	-	$	1	$	23	$	13,448	$	13,471	$	1

XML

Allowance For Credit Losses (Recorded Investment In Financing Receivables) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013		Dec. 31, 2012		Mar. 31, 2012
Allowances for credit losses:
Ending balance			$ 54		$ 54
Ending balance: individually evaluated for impairment			54
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable, Net [Abstract]
Ending balance	12,839		13,496
Ending balance: individually evaluated for impairment	12,839		13,496
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable unamortized initial direct cost	1
Notes Receivable [Member]
Allowances for credit losses:
Ending balance			54
Ending balance: individually evaluated for impairment			54
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable, Net [Abstract]
Ending balance	750	[1]	1,019	[1]
Ending balance: individually evaluated for impairment	750		1,019
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable unamortized initial direct cost	1		1
Finance Leases [Member]
Allowances for credit losses:
Ending balance
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable, Net [Abstract]
Ending balance	12,089	[2]	12,477	[3]
Ending balance: individually evaluated for impairment	12,089		12,477
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Finance leases unamortized initial direct cost	$ 21		$ 24

[1] Includes $1 of unamortized initial direct costs

[2] Includes $21 of unamortized initial direct costs

[3] Includes $24 of unamortized initial direct costs

XML

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

Affiliates Earned Commissions And Billed For Reimbursements Pursuant To Operating Agreement

		Three Months Ended
		March 31,
		2013		2012
Costs reimbursed to Managing Member and/or affiliates	$	183	$	210
Asset management fees to Managing Member and/or affiliates		94		154
	$	277	$	364

XML

Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Operating activities:
Net income	$ 974	$ 1,633
Adjustment to reconcile net income to cash provided by operating activities:
Gain on sales of lease assets and early termination of notes receivable	(230)	(195)
Unrealized gain on securities		(5)
Gain on sales or disposition of securities	(1)
Depreciation of operating lease assets	687	931
Amortization of initial direct costs	5	7
Reversal of provision for credit losses		(56)
Changes in operating assets and liabilities:
Accounts receivable	112	61
Prepaid expenses and other assets	5	(2)
Accounts payable, Managing Member	(1)	(8)
Accounts payable, other	(1)	32
Unearned operating lease income	(78)	89
Net cash provided by operating activities	1,472	2,487
Investing activities:
Proceeds from sales of lease assets and early termination of notes receivable	892	254
Proceeds from sale of or dispositions of securities	1
Principal payments received on direct financing leases	379	319
Principal payments received on notes receivable	128	172
Net cash provided by investing activities	1,400	745
Financing activities:
Repayments of non-recourse debt	(1,043)	(978)
Net cash used in financing activities	(2,998)	(2,933)
Net (decrease) increase in cash and cash equivalents	(126)	299
Cash and cash equivalents at beginning of period	5,217	5,593
Cash and cash equivalents at end of period	5,091	5,892
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	280	346
Cash paid during the period for taxes		9
Other Members [Member]
Financing activities:
Distributions to Members	(1,808)	(1,808)
Managing Member [Member]
Financing activities:
Distributions to Members	$ (147)	$ (147)

XML

Balance Sheets (Parenthetical) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 55	$ 55
Notes receivable, unearned interest income	98	123
Notes receivable, allowance for credit losses		54
Investments in equipment and leases, accumulated depreciation	$ 32,791	$ 39,698

XML

Members' Capital

3 Months Ended

Mar. 31, 2013

Members' Capital [Abstract]

Members' Capital

10.  Members’ capital:

As of March 31, 2013 and December 31, 2012,  12,055,016 Units were issued and outstanding. The Company was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial members (50 Units).

The Company has the right, exercisable at the Manager’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund Units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Manager on terms it determines to be appropriate under given circumstances,

10.  Members’ capital (continued):

in the event that the Manager deems such repurchase to be in the best interest of the Company; provided,the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled.  Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs.

As defined in the Operating Agreement, the Company’s Net Income, Net Losses, and Distributions are to be allocated 92.5% to the Members and 7.5% to AFS. In accordance with the terms of the Operating Agreement, additional allocations of income were made to AFS during the three months ended March 31, 2013 and 2012. The amounts allocated were determined to bring AFS’s ending capital account balance to zero at the end of each period.

Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):

		Three Months Ended
		March 31,
		2013		2012
Distributions declared	$	1,808	$	1,808
Weighted average number of Units outstanding		12,055,016		12,055,016
Weighted average distributions per Unit	$	0.15	$	0.15

XML

Document And Entity Information	3 Months Ended
	Mar. 31, 2013	Apr. 30, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Entity Registrant Name	ATEL CAPITAL EQUIPMENT FUND IX LLC
Entity Central Index Key	0001125264
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	ZZHJC
Entity Units Outstanding		12,055,016

XML

Fair Value Measurements

3 Months Ended

Mar. 31, 2013

Fair Value Measurements [Abstract]

Fair Value Measurements

11.  Fair value measurements:

Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:

Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, generally on a national exchange.

Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.

Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.

The Company had no assets or liabilities requiring measurement at fair value on a recurring or non-recurring basis at March 31, 2013. No assets or liabilities required measurement at fair value on a recurring basis at December 31, 2012; however, the Company recorded non-recurring adjustments to reflect the fair values of certain impaired notes receivable and off-lease equipment during 2012. Amounts at December 31, 2012 reflect the fair value of the then existing impaired assets.

The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department

11.  Fair value measurements (continued):

personnel who are familiar with the Company’s investments in equipment, notes receivable and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources. 

The measurement methodologies are as follows:

Impaired notes receivable

The fair value of the Company’s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for non-accrual loans as deemed necessary. The Company had no fair value adjustments relative to impaired notes receivable during the three months ended March 31, 2013 and 2012. During the second quarter of 2012, the Company had recorded $54 thousand of fair value adjustments to reduce the cost basis of an impaired note. The adjustment was non-recurring and was based upon an independent appraisal of the underlying collateral. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired note receivable is classified within Level 3 of the valuation hierarchy. Such valuation utilizes a market approach technique and uses inputs from third party appraisers that utilize current market transactions as adjusted for certain factors specific to the underlying collateral. Such estimated impairment remained unchanged through December 31, 2012.  The note was subsequently settled during the first quarter of 2013 prior to its scheduled termination.

Impaired off-lease equipment

The Company had no fair value adjustments relative to impaired equipment during the three months ended March 31, 2013 and 2012. Subsequent to the first quarter of 2012, the Company recorded $71 thousand of fair value adjustments to reduce the fair value of certain impaired off-lease equipment. The adjustments were non-recurring. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair values of such impaired off-lease equipment are classified within Level 3 of the valuation hierarchy as the data sources utilized for the valuation of the assets reflect significant inputs that are unobservable in the market. Such valuation utilizes a market approach technique and uses inputs that reflect the sales price of similar assets sold by affiliates and/or information from third party remarketing agents not readily available in the market.

The following table presents the fair value measurement of assets and liabilities measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at  December 31, 2012 (in thousands):

		December 31, 2012		Level 1 Estimated Fair Value		Level 2 Estimated Fair Value		Level 3 Estimated Fair Value
Assets measured at fair value on a non-recurring basis:
Impaired notes receivable, net	$	117	$	-	$	-	$	117
Impaired off-lease assets		2		-		-		2

The following disclosure of the estimated fair value of financial instruments is made in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification. Fair value estimates, methods and assumptions, set forth below for the Company’s financial instruments, are made solely to comply with the requirements of the Financial Instruments Topic and should be read in conjunction with the Company’s financial statements and related notes.

The Company has determined the estimated fair value amounts by using market information and valuation methodologies that it considers appropriate and consistent with the fair value accounting guidance. Considerable judgment is required to interpret market data to develop the estimates of fair value. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

11.  Fair value measurements (continued):

Cash and cash equivalents

The recorded amounts of the Company’s cash and cash equivalents approximate fair value because of the liquidity and short-term maturity of these instruments.

Notes receivable

The fair value of the Company’s notes receivable is estimated using either third party appraisals of collateral or discounted cash flow analyses based upon current market rates for similar types of lending arrangements, with adjustments for impaired loans as deemed necessary.

Investment in securities

The Company’s investment securities are not registered for public sale and are carried at cost which management believes approximates fair value, as appropriately adjusted for impairment.

Non-recourse debt

The fair value of the Company’s non-recourse debt is estimated using discounted cash flow analyses, based upon current market borrowing rates for similar types of borrowing arrangements.

Commitments and Contingencies

Management has determined that the fair value of contingent liabilities (or guarantees) is not considered material because management believes there has been no event that has occurred wherein a guarantee liability has been incurred or will likely be incurred.

The following tables present a summary of the carrying value and fair value by level of financial instruments not recorded at fair value on the Company’s balance sheet at March 31, 2013 and December 31, 2012 (in thousands):

		Fair Value Measurements at March 31, 2013
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	5,091	$	5,091	$	-	$	-	$	5,091
Notes receivable, net		750		-		-		750		750
Investment in securities		5		-		-		5		5
Financial liabilities:
Non-recourse debt		16,341		-		-		17,155		17,155

		Fair Value Measurements at December 31, 2012
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	5,217	$	5,217	$	-	$	-	$	5,217
Notes receivable, net		965		-		-		965		965
Investment in securities		5		-		-		5		5
Financial liabilities:
Non-recourse debt		17,384		-		-		18,302		18,302

XML

Statements Of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Leasing and lending activities:
Operating leases	$ 1,442	$ 2,467
Direct financing leases	770	877
Interest on notes receivable	20	40
Gain on sales of lease assets and early termination of notes	230	195
Unrealized gain on securities		5
Gain on sale of disposition of securities and warrants	1
Other revenue	109	46
Total revenues	2,572	3,630
Expenses:
Depreciation of operating lease assets	687	931
Asset management fees to Managing Member and/or affiliates	94	154
Cost reimbursements to Managing Member and/or affiliates	183	210
Reversal of provision for credit losses		(56)
Amortization of initial direct costs	5	7
Other management fees	13
Interest expense	274	340
Professional fees	50	55
Outside services	14	13
Insurance	16	23
Marine vessel maintenance and other operating costs	102	191
Railcar and equipment maintenance	59	24
Franchise fees and taxes	40	42
Other	62	60
Total operating expenses	1,599	1,994
Other income (expense), net	1	(3)
Net income	974	1,633
Net income:
Managing Member	147	147
Other Members	827	1,486
Net income	$ 974	$ 1,633
Net loss per Limited Liability Company Unit (Other Members)	$ 0.07	$ 0.12
Weighted average number of Units outstanding	12,055,016	12,055,016

XML

Investments In Equipment And Leases, Net

3 Months Ended

Mar. 31, 2013

Investments In Equipment And Leases, Net [Abstract]

Investments In Equipment And Leases, Net

5.Investment in equipment and leases, net:

The Company’s investment in equipment leases consists of the following (in thousands):

		Balance December 31, 2012		Reclassifications, Additions / Dispositions and Impairment Losses		Depreciation/ Amortization Expense or Amortization of Leases		Balance March 31, 2013
Net investment in operating leases	$	11,291	$	(312)	$	(669)	$	10,310
Net investment in direct financing leases		12,453		(6)		(379)		12,068
Assets held for sale or lease, net		2,289		(257)		(18)		2,014
Initial direct costs, net of accumulated amortization of $74 at March 31, 2013 and $82 at December 31, 2012		32		-		(5)		27
Total	$	26,065	$	(575)	$	(1,071)	$	24,419

Impairment of investments in leases and assets held for sale or lease:

Management periodically reviews the carrying values of its assets on leases and assets held for lease or sale. Impairment losses are recorded as an adjustment to the net investment in operating leases. As a result of these reviews, management determined that no impairment losses existed during the respective three months ended March 31, 2013 and 2012.

As of March 31, 2013 and December 31, 2012, there were no lease contracts placed in non-accrual status. As of the same dates, the Company has certain other leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved. Management continues to closely monitor these leases for any actual change in collectability status and indication of necessary valuation adjustments.

The Company utilizes a straight line depreciation method for equipment in all of the categories currently in its portfolio of operating lease transactions. Depreciation expense on the Company’s equipment totaled  $687 thousand and  $931 thousand for the respective three months ended March 31, 2013 and 2012. All of the leased property was acquired in years beginning with 2002 through 2010.

Operating leases:

Property on operating leases consists of the following (in thousands):

		Balance December 31, 2012		Additions		Reclassifications, Dispositions and Impairment Losses		Balance March 31, 2013
Transportation, rail	$	11,891	$	-	$	12	$	11,903
Transportation, other		10,439		-		(2,348)		8,091
Marine vessels		8,958		-		(1,057)		7,901
Materials handling		2,939		-		(228)		2,711
Manufacturing		2,056		-		-		2,056
Natural gas compressors		1,671		-		-		1,671
Construction		1,584		-		(125)		1,459
Agriculture		1,151		-		-		1,151
Other		46		-		6		52
		40,735		-		(3,740)		36,995
Less accumulated depreciation		(29,444)		(669)		3,428		(26,685)
Total	$	11,291	$	(669)	$	(312)	$	-

5.  Investment in equipment and leases, net (continued):

The average estimated residual value for assets on operating leases was 18% and 16% of the assets’ original cost at March 31, 2013 and December 31, 2012, respectively.  There were no operating leases placed in non-accrual status as of March 31, 2013 and December 31, 2012.

The Company may earn revenues from its containers, marine vessel and certain other assets based on utilization of such assets or a fixed-term lease. Contingent rentals (i.e., short-term, operating charter hire payments) and the associated expenses are recorded when earned and/or incurred. The revenues associated with these rentals are included as a component of Operating Lease Revenues and totaled $13 thousand and $9 thousand during the respective three months ended March 31, 2013 and 2012.

Direct financing leases:

As of March 31, 2013 and December 31, 2012, investment in direct financing leases primarily consists of materials handling, research, mining and construction equipment. The components of the Company’s investment in direct financing leases as of March 31, 2013 and December 31, 2012are as follows (in thousands):

		March 31,		December 31,
		2013		2012
Total minimum lease payments receivable	$	15,968	$	17,118
Estimated residual values of leased equipment (unguaranteed)		3,563		3,569
Investment in direct financing leases		19,531		20,687
Less unearned income		(7,463)		(8,234)
Net investment in direct financing leases	$	12,068	$	12,453

There was no investment in direct financing lease assets in non-accrual status at March 31, 2013 and December 31, 2012. However, at December 31, 2012, the Company had certain direct financing leases that have related accounts receivables aged 90 days or more that have not been placed on non-accrual status. In accordance with Company policy, such receivables are fully reserved and included in the allowance for doubtful accounts presented in Note 4.

At March 31, 2013, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases		Direct Financing Leases		Total
Nine months ending December 31, 2013	$	3,103	$	3,384	$	6,487
Year ending December 31, 2014		2,757		4,450		7,207
2015		1,418		4,450		5,868
2016		378		3,684		4,062
2017		350		-		350
2018		182		-		182
Thereafter		228		-		228
	$	8,416	$	15,968	$	24,384

XML

Allowance For Credit Losses

3 Months Ended

Mar. 31, 2013

Allowance For Credit Losses [Abstract]

Allowance For Credit Losses

4.Allowance for credit losses:

The Company’s allowance for credit losses are as follows (in thousands):

		Accounts Receivable Allowance for Doubtful Accounts						Valuation Adjustments on Financing Receivables				Total Allowance for Credit Losses
		Notes Receivable		Finance Leases		Operating Leases		Notes Receivable		Finance Leases
Balance December 31, 2011	$	-	$	10	$	60	$	-	$	-	$	70
(Reversal of provision) provision		-		(3)		(12)		54		-		39
Balance December 31, 2012		-		7		48		54		-		109
(Reversal of provision) provision		-		(1)		1		-		-		-
Asset disposal		-		-		-		(54)		-		(54)
Balance March 31, 2013	$	-	$	6	$	49	$	-	$	-	$	55

Accounts receivable

Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.

Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received. Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note

4.Allowance for credit losses (continued):

payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases contracts and notes receivable are applied only against outstanding principal balances.

Financing receivables

In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.

Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.

The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the marketplace are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date.

As of March 31, 2013 and December 31, 2012, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

March 31, 2013		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	-		$	-		$	-
Ending balance: individually evaluated for impairment	$	-		$	-		$	-
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	750	1	$	12,089	2	$	12,839
Ending balance: individually evaluated for impairment	$	750		$	12,089		$	12,839
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
1Includes $1 of unamortized initial direct costs
2Includes $21 of unamortized initial direct costs

4.Allowance for credit losses (continued):

December 31, 2012		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	54		$	-		$	54
Ending balance: individually evaluated for impairment	$	54		$	-		$	54
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	1,019	3	$	12,477	4	$	13,496
Ending balance: individually evaluated for impairment	$	1,019		$	12,477		$	13,496
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
3Includes $1 of unamortized initial direct costs
4Includes $24 of unamortized initial direct costs

The Company evaluates the credit quality of its financing receivables on a scale equivalent to the following quality indicators related to corporate risk profiles:

Pass – Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody’s or S&P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the Manager to fall into one of the three risk profiles below.

Special Mention – Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the calendarquarter to fund their continuing operations. These accounts deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the Fund’s receivable at some future date.

Substandard – Any account that is inadequately protected by the current worth and paying capacity of the borrower or of the collateral pledged, if any. Accounts that are so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Fund will sustain some loss as the likelihood of fully collecting all receivables may be questionable if the deficiencies are not corrected. Such accounts are on the Manager’s Credit Watch List.

Doubtful – Any account where the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Accordingly, an account that is so classified is on the Manager’s Credit Watch List, and has been declared in default and the Manager has repossessed, or is attempting to repossess, the equipment it financed.This category includes impaired notes and leases as applicable.

4.Allowance for credit losses (continued):

At March 31, 2013 and December 31, 2012, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

		Notes Receivable				Finance Leases
		March 31, 2013		December 31, 2012		March 31, 2013		December 31, 2012
Pass	$	701	$	259	$	12,068	$	12,426
Special mention		48		759		-		27
Substandard		-		-		-		-
Doubtful		-		-		-		-
Total	$	749	$	1,018	$	12,068	$	12,453

At March 31, 2013 and December 31, 2012,  the investment in financing receivables is aged as follows (excludes initial direct costs) (in thousands):

March 31, 2013		30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	749	$	749	$	-
Finance leases		-		2		-		2		12,066		12,068		-
Total	$	-	$	2	$	-	$	2	$	12,815	$	12,817	$	-

December 31, 2012		30-59 Days Past Due		60-89 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	1,018	$	1,018	$	-
Finance leases		22		-		1		23		12,430		12,453		1
Total	$	22	$	-	$	1	$	23	$	13,448	$	13,471	$	1

As discussed in Note 3, no notes receivable were impaired or in non-accrual status as of March 31, 2013. As of December 31, 2012, the Company had an impaired note which was deemed so during the second quarter of 2012. As such, the Fund recorded a $54 thousand fair value adjustment during the second quarter of 2012 to reduce the cost basis of the impaired note.As of December 31, 2012, the amount of the estimated impairment remained the same and the net investment balance outstanding approximated $117 thousand.

Prior to the end of the third quarter of 2012, a large dollar amount was received to significantly reduce the then outstanding principal balance by September 30, 2012. During the periods when interest only was being paid, all such payments were made in accordance with the then applicable note modification agreements.  Accordingly, the note was returned to accrual status effective October 1, 2012. During the first quarter of 2013, the note was settled prior to its scheduled termination. This resulted in a gain of $54 thousand.

As of March 31, 2013, there were no investments in financing receivables with related accounts receivable past due more than 90 days which were still on an accrual basis. As of December 31, 2012, certain investments in financing receivables with related accounts receivable past due more than 90 days were still on an accrual basis based on management’s assessment of the collectability of such receivables. However, these accounts receivable were fully reserved and included in the allowance for doubtful accounts.

XML

Investments In Equipment And Leases, Net (Tables)

3 Months Ended

Mar. 31, 2013

Investments In Equipment And Leases, Net [Abstract]

Investment In Leases

		Balance December 31, 2012		Reclassifications, Additions / Dispositions and Impairment Losses		Depreciation/ Amortization Expense or Amortization of Leases		Balance March 31, 2013
Net investment in operating leases	$	11,291	$	(312)	$	(669)	$	10,310
Net investment in direct financing leases		12,453		(6)		(379)		12,068
Assets held for sale or lease, net		2,289		(257)		(18)		2,014
Initial direct costs, net of accumulated amortization of $74 at March 31, 2013 and $82 at December 31, 2012		32		-		(5)		27
Total	$	26,065	$	(575)	$	(1,071)	$	24,419

Property On Operating Leases

		Balance December 31, 2012		Additions		Reclassifications, Dispositions and Impairment Losses		Balance March 31, 2013
Transportation, rail	$	11,891	$	-	$	12	$	11,903
Transportation, other		10,439		-		(2,348)		8,091
Marine vessels		8,958		-		(1,057)		7,901
Materials handling		2,939		-		(228)		2,711
Manufacturing		2,056		-		-		2,056
Natural gas compressors		1,671		-		-		1,671
Construction		1,584		-		(125)		1,459
Agriculture		1,151		-		-		1,151
Other		46		-		6		52
		40,735		-		(3,740)		36,995
Less accumulated depreciation		(29,444)		(669)		3,428		(26,685)
Total	$	11,291	$	(669)	$	(312)	$	-

Components Of Company's Investment In Direct Financing Leases

		March 31,		December 31,
		2013		2012
Total minimum lease payments receivable	$	15,968	$	17,118
Estimated residual values of leased equipment (unguaranteed)		3,563		3,569
Investment in direct financing leases		19,531		20,687
Less unearned income		(7,463)		(8,234)
Net investment in direct financing leases	$	12,068	$	12,453

Future Minimum Lease Payments Receivable

		Operating Leases		Direct Financing Leases		Total
Nine months ending December 31, 2013	$	3,103	$	3,384	$	6,487
Year ending December 31, 2014		2,757		4,450		7,207
2015		1,418		4,450		5,868
2016		378		3,684		4,062
2017		350		-		350
2018		182		-		182
Thereafter		228		-		228
	$	8,416	$	15,968	$	24,384

XML

Summary Of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2013

Summary Of Significant Accounting Policies [Abstract]

Basis Of Presentation

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for

2.Summary of significant accounting policies (continued):

the three months ended March 31, 2013 are not necessarily indicative of the results to be expected for the full year. 

Certain prior period amounts have been reclassified to conform to the current period presentation.These reclassifications had no significant impact on the reported financial position or results of operations.

Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.

In preparing the accompanying unaudited financial statements, the Managing Member has reviewed events that have occurred after March 31, 2013, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, or adjustments thereto.

Use Of Estimates

Use of estimates:

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.

Segment Reporting

Segment reporting:

The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.

The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the three months ended March 31, 2013 and 2012 and long-lived tangible assets as of March 31, 2013 and December 31, 2012 (dollars in thousands):

		Three Months Ended March 31,
		2013	% of Total		2012	% of Total
Revenue
United States	$	2,505	97%	$	3,418	94%
Canada		64	3%		96	3%
United Kingdom		3	0%		116	3%
Total International		67	3%		212	6%
Total	$	2,572	100%	$	3,630	100%
		As of March 31,			As of December 31,
		2013	% of Total		2012	% of Total
Long-lived assets
United States	$	24,007	99%	$	25,571	98%
Canada		320	1%		340	1%
United Kingdom		92	0%		154	1%
Total International		412	1%		494	2%
Total	$	24,419	100%	$	26,065	100%

2.  Summary of significant accounting policies (continued):

Investment In Securities

Investment in securities:

Purchased securities

Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital.  There were neither impaired securities at March 31, 2013 and December 31, 2012 nor investment securities sold or disposed of during the three months ended March 31, 2013 and 2012.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried at an estimated fair value on the balance sheet at the end of the period, as determined by the Managing Member. At March 31, 2013 and December 31, 2012, the Managing Member estimated the fair value of the warrants to be nominal in amount. Likewise, gains recognized on the net exercise of certain warrants during the first quarter of 2013 were nominal. There were no warrants exercised during the three months ended March 31, 2012.

Other Income (Expense), Net

Other income (expense), net:

Other income (expense), net for the three months ended March 31, 2013 and 2012 consists solely of gains and losses on foreign exchange transactions.

Per Unit Data

Per Unit data:

Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.

Recent Accounting Pronouncements

Recent accounting pronouncements:

Recent accounting standards updates as issued by the Financial Accounting Standards Board (FASB) were evaluated and determined to be not applicable to the Company.

XML

Commitments And Contingencies

3 Months Ended

Mar. 31, 2013

Commitments And Contingencies [Abstract]

Commitments And Contingencies

8.  Commitments and Contingencies:

At March 31, 2013, the Company had no commitments to purchase lease assets or fund new loans.

Gain Contingency

ATEL filed a claim on behalf of the Company and certain affiliated entities in Federal court in New Orleans for the under-reporting of revenue by a fleet manager of three marine vessels, seeking to recover an approximate amount of 10% of gross proceeds, which in the aggregate for all affiliated entities represents $2.8 million for the years 2005-2007 (of which the Company’s portion is an approximate $350 thousand). The annual allocable portion of the claim is not considered material to the Company in any given year. The trial was concluded during the first week of August 2012. As of October 10, 2012, the matter has been in the hands of the Federal Judge to render a decision on both the law and the facts.The decision of the Court is imminent, and the Company is hopeful for a recovery of all or portion of its asserted claims, but the outcome of the litigation remains uncertain as of such date.While the Company's recovery with respect to this matter may be significant, there is no assurance that judgment will be rendered in favor of the Company.

XML

Related Party Transactions

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions

6.Related party transactions:

The terms of the Operating Agreement provide that AFS and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.

The Operating Agreement allows for the reimbursement of costs incurred by AFS for providing administrative services to the Company. Administrative services provided include Company accounting, finance/treasury, investor relations, legal counsel and lease and equipment documentation. AFS is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of equipment. The Company would be liable for certain future costs to be incurred by AFS to manage the administrative services provided to the Company.

Each of ATEL Leasing Corporation (“ALC”) and AFS is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications and general administrative services for the Company are performed by AFS.

Cost reimbursements to the Managing Member are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred. The Operating Agreement places an annual limit and a cumulative limit for cost reimbursements to AFS and/or affiliates. Any reimbursable costs incurred by AFS and/or affiliates during the year exceeding the annual and/or cumulative limits cannot be reimbursed in the current year, though such costs may be recovered in future years to the extent of the cumulative limit. As of March 31, 2013, the Company has not exceeded the annual and/or cumulative limitations discussed above.

During the three months ended March 31, 2013 and 2012, AFS and/or affiliates earned fees and commissions, and billed for reimbursements, pursuant to the Operating Agreement as follows (in thousands):

		Three Months Ended
		March 31,
		2013		2012
Costs reimbursed to Managing Member and/or affiliates	$	183	$	210
Asset management fees to Managing Member and/or affiliates		94		154
	$	277	$	364

XML

Non-Recourse Debt

3 Months Ended

Mar. 31, 2013

Non-Recourse Debt [Abstract]

Non-Recourse Debt

7.Non-recourse debt:

At March 31, 2013, non-recourse debt consists of notes payable to financial institutions. The notes are due in monthly installments. Interest on the notes is at fixed rates ranging from 6.16% to 6.66%. The notes are secured by assignments of lease payments and pledges of assets. At March 31, 2013, gross operating lease rentals and future payments on direct financing leases totaled approximately $18.0 million over the remaining lease terms; and the carrying value of the pledged assets is $14.8 million. The notes mature from 2015 through 2017.

The non-recourse debt does not contain any material financial covenants. The debt is secured by liens granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders have recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation is payable solely out of the respective specific security and the Company does not guarantee (nor is the Company otherwise contractually responsible for) the payment of the non-recourse debt as a general obligation or liability of the Company. Although the Company does not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company is directly and generally liable and responsible for certain representations, warranties, and covenants made to the lenders, such as warranties as to genuineness of the transaction parties' signatures, as to the genuineness of the respective lease chattel paper or the transaction as a whole, or as to the Company's good title to or perfected interest in the secured collateral, as well as similar representations, warranties and covenants typically provided by non-recourse borrowers and customary inthe equipment finance industry, and are viewed by such industry as being consistent with non-recourse discount financing

7.Non-recourse debt (continued):

obligations. Accordingly, as there are no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company has determined that there are no material covenants with respect to the non-recourse debt that warrant footnote disclosure.

Future minimum payments of non-recourse debt are as follows (in thousands):

		Principal		Interest		Total
Nine months ending December 31, 2013	$	3,236	$	735	$	3,971
Year ending December 31, 2014		4,568		726		5,294
2015		4,616		420		5,036
2016		3,743		133		3,876
2017		178		1		179
	$	16,341	$	2,015	$	18,356

XML

Guarantees

3 Months Ended

Mar. 31, 2013

Guarantees [Abstract]

Guarantees

9.  Guarantees:

The Company enters into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.

The Managing Member knows of no facts or circumstances that would make the Company’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company’s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.

XML

Allowance For Credit Losses (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			3 Months Ended	12 Months Ended	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Mar. 31, 2013 Minimum [Member]	Dec. 31, 2012 Minimum [Member]	Mar. 31, 2013 Maximum [Member]
Accounts receivable, period for non accrual status				90 days
Accounts receivable, Period of review for impairment						90 days
Notes receivable, allowance for credit losses		$ 54	$ 54
Operating leases, period for non accrual status				90 days	90 days
Net investment balance outstanding		117
Gain on early settlement of notes receivable	$ 54

XML

Fair Value Measurements (Fair Value Measurement Of Assets And Liabilities Measured at Fair Value on a Non-Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired notes receivable, net	$ 117
Impaired off-lease assets	2
Level 1 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired notes receivable, net
Impaired off-lease assets
Level 2 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired notes receivable, net
Impaired off-lease assets
Level 3 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired notes receivable, net	117
Impaired off-lease assets	$ 2

XML

Notes Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2013

Notes Receivable, Net [Abstract]

Minimum Future Payments Receivable

Nine months ending December 31, 2013	$	264
Year ending December 31, 2014		229
2015		166
2016		188
		847
Less: portion representing unearned interest income		(98)
		749
Unamortized initial direct costs		1
Notes receivable, net	$	750

Initial Direct Costs, Amortization Expense Related To Notes Receivable and Company's Operating And Direct Finance Leases

		Three Months Ended March 31,
		2013		2012
IDC amortization - notes receivable	$	-	$	1
IDC amortization - lease assets		5		6
Total	$	5	$	7

XML

Members' Capital (Tables)

3 Months Ended

Mar. 31, 2013

Members' Capital [Abstract]

Distributions To Other Members

		Three Months Ended
		March 31,
		2013		2012
Distributions declared	$	1,808	$	1,808
Weighted average number of Units outstanding		12,055,016		12,055,016
Weighted average distributions per Unit	$	0.15	$	0.15

XML

Members' Capital (Distributions To Other Members) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Members' Capital [Abstract]
Distributions declared	$ 1,808	$ 1,808	$ 7,233
Weighted average number of Units outstanding	12,055,016	12,055,016
Weighted average distributions per Unit	$ 0.15	$ 0.15	$ 0.60

XML

Investments In Equipment And Leases, Net (Property On Operating Leases) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended									3 Months Ended			3 Months Ended
	Mar. 31, 2013	Mar. 31, 2013 Transportation, Rail [Member]	Mar. 31, 2013 Transportation, Other [Member]	Mar. 31, 2013 Marine Vessels [Member]	Mar. 31, 2013 Materials Handling [Member]	Mar. 31, 2013 Manufacturing [Member]	Dec. 31, 2012 Manufacturing [Member]	Mar. 31, 2013 Natural Gas Compressors [Member]	Dec. 31, 2012 Natural Gas Compressors [Member]	Mar. 31, 2013 Construction [Member]	Mar. 31, 2013 Agriculture [Member]	Dec. 31, 2012 Agriculture [Member]	Mar. 31, 2013 Other Properties [Member]	Mar. 31, 2013 Total Property Subject To Or Available For Operating Lease [Member]	Mar. 31, 2013 Less Accumulated Depreciation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	$ 11,291	$ 11,891	$ 10,439	$ 8,958	$ 2,939	$ 2,056	$ 2,056	$ 1,671	$ 1,671	$ 1,584	$ 1,151	$ 1,151	$ 46	$ 40,735	$ (29,444)
Additions	(669)														(669)
Reclassifications or Dispositions	(312)	12	(2,348)	(1,057)	(228)					(125)			6	(3,740)	3,428
Balance March 31, 2013		$ 11,903	$ 8,091	$ 7,901	$ 2,711	$ 2,056	$ 2,056	$ 1,671	$ 1,671	$ 1,459	$ 1,151	$ 1,151	$ 52	$ 36,995	$ (26,685)

XML

Statements Of Changes In Members' Capital (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Beginning Balance	$ 14,940	$ 17,197	$ 17,197
Distributions to Other Members	(1,808)	(1,808)	(7,233)
Distributions to Managing Member	(147)		(586)
Net income	974	1,633	5,562
Ending Balance	13,959		14,940
Other Members [Member]
Beginning Balance (in units)	12,055,016	12,055,016	12,055,016
Beginning Balance	14,940	17,197	17,197
Distributions to Other Members	(1,808)		(7,233)
Net income	827		4,976
Ending Balance (in units)	12,055,016		12,055,016
Ending Balance	13,959		14,940
Managing Member [Member]
Distributions to Managing Member	(147)		(586)
Net income	$ 147		$ 586

XML

Notes Receivable, Net

3 Months Ended

Mar. 31, 2013

Notes Receivable, Net [Abstract]

Notes Receivable, Net

3.Notes receivable, net:

The Company has various notes receivable from borrowers who have financed the purchase of equipment through the Company. At March 31, 2013, the original terms of the notes receivable are from 36 to 120 months and bear interest at rates ranging from 8.4% to 16.2%. The notes are secured by the equipment financed. The notes mature from 2014 through 2016.  

No notes receivable were deemed impaired or in non-accrual status as of March 31, 2013. As of December 31, 2012, the Company had an impaired note which was deemed so during the second quarter of 2012. As such, the Fund recorded a $54 thousand fair value adjustment during the second quarter of 2012 to reduce the cost basis of the impaired note. As of December 31, 2012, the amount of the estimated impairment remained the same and the net investment balance outstanding approximated $117 thousand.

Prior to the end of the third quarter of 2012, a large dollar amount was received to significantly reduce the then outstanding principal balance by September 30, 2012. During the periods when interest only was being paid, all such payments were made in accordance with the then applicable note modification agreements. The note was returned to accrual status effective October 1, 2012. The note was fully settled during the first quarter of 2013 prior to its scheduled termination. This resulted in a gain of $54 thousand.

3.Notes receivable, net (continued):

As of March 31, 2013, the minimum future payments receivable are as follows (in thousands):

Nine months ending December 31, 2013	$	264
Year ending December 31, 2014		229
2015		166
2016		188
		847
Less: portion representing unearned interest income		(98)
		749
Unamortized initial direct costs		1
Notes receivable, net	$	750

Initial direct costs (“IDC”) amortization expense related to the notes receivable and the Company’s operating and direct financing leases for the three months ended March 31, 2013 and 2012 are as follows (in thousands):

		Three Months Ended March 31,
		2013		2012
IDC amortization - notes receivable	$	-	$	1
IDC amortization - lease assets		5		6
Total	$	5	$	7

XML

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Measurements [Abstract]

Fair Value Measurement Of Assets And Liabilities Measured At Fair Value On A Non-Recurring Basis

		December 31, 2012		Level 1 Estimated Fair Value		Level 2 Estimated Fair Value		Level 3 Estimated Fair Value
Assets measured at fair value on a non-recurring basis:
Impaired notes receivable, net	$	117	$	-	$	-	$	117
Impaired off-lease assets		2		-		-		2

Estimated Fair Values Of Financial Instruments

		Fair Value Measurements at March 31, 2013
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	5,091	$	5,091	$	-	$	-	$	5,091
Notes receivable, net		750		-		-		750		750
Investment in securities		5		-		-		5		5
Financial liabilities:
Non-recourse debt		16,341		-		-		17,155		17,155

		Fair Value Measurements at December 31, 2012
		Carrying Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	5,217	$	5,217	$	-	$	-	$	5,217
Notes receivable, net		965		-		-		965		965
Investment in securities		5		-		-		5		5
Financial liabilities:
Non-recourse debt		17,384		-		-		18,302		18,302

XML

Allowance For Credit Losses (Net Investment In Financing Receivables By Age) (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Financing Receivable Recorded Investment Past Due [Line Items]
30-59 Days Past Due		$ 22
60-89 Days Past Due	2
Greater Than 90 Days		1
Total Past Due	2	23
Current	12,815	13,448
Total financing receivable	12,817	13,471
Recorded Investment > 90 Days and Accruing		1
Notes Receivable [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
30-59 Days Past Due
60-89 Days Past Due
Greater Than 90 Days
Total Past Due
Current	749	1,018
Total financing receivable	749	1,018
Recorded Investment > 90 Days and Accruing
Finance Leases [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
30-59 Days Past Due		22
60-89 Days Past Due	2
Greater Than 90 Days		1
Total Past Due	2	23
Current	12,066	12,430
Total financing receivable	12,068	12,453
Recorded Investment > 90 Days and Accruing		$ 1

XML

Summary Of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2013

Summary Of Significant Accounting Policies [Abstract]

Summary Of Geographic Information Relating To Sources, By Nation, Of Partnership's Total Revenue And Long-Lived Assets) (Details

		Three Months Ended March 31,
		2013	% of Total		2012	% of Total
Revenue
United States	$	2,505	97%	$	3,418	94%
Canada		64	3%		96	3%
United Kingdom		3	0%		116	3%
Total International		67	3%		212	6%
Total	$	2,572	100%	$	3,630	100%
		As of March 31,			As of December 31,
		2013	% of Total		2012	% of Total
Long-lived assets
United States	$	24,007	99%	$	25,571	98%
Canada		320	1%		340	1%
United Kingdom		92	0%		154	1%
Total International		412	1%		494	2%
Total	$	24,419	100%	$	26,065	100%