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 X, 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: November 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 X, 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: November 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 X, LLC (the “Company”) on Form 10-Q for the period ended September 30, 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: November 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 X, LLC (the “Company”) on Form 10-Q for the period ended September 30, 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: November 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.

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Commitments

9 Months Ended

Sep. 30, 2013

Commitments [Abstract]

Commitments

10.Commitments:

At September 30, 2013, there were no commitments to purchase lease assets or fund investments in notes receivable.

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Commitments (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Commitments [Abstract]
Commitments to purchase lease assets	$ 0

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Statements of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Leasing and lending activities:
Operating leases	$ 2,521	$ 4,022	$ 8,792	$ 12,611
Direct financing leases	766	850	2,351	2,590
Interest on notes receivable	13	18	43	64
Gain on sales of lease assets and early termination of notes	1,027	309	2,619	741
Gain from settlement of lease asset casualty		350		350
Gain on sales or dispositions of securities				1
Unrealized gain on net exercise of warrants	12		12	31
Other	523	119	685	214
Total revenues	4,862	5,668	14,502	16,602
Expenses:
Depreciation of operating lease assets	1,421	2,113	4,757	7,189
Asset management fees to Managing Member	104	145	585	619
Cost reimbursements to Managing Member	278	319	1,203	1,242
Amortization of initial direct costs	14	28	46	92
Interest expense	234	365	792	1,208
Impairment losses on equipment	165	338	273	430
Railcar maintenance	124	93	458	257
Provision (reversal of provision) for credit losses	21	(23)	(4)	(44)
Provision for losses on investment in securities				29
Professional fees	28	37	123	154
Franchise fees and taxes	36	33	127	89
Outside services	16	13	58	45
Other	72	69	201	240
Total operating expenses	2,513	3,530	8,619	11,550
Other income, net	2	82	110	170
Net income	2,351	2,220	5,993	5,222
Net income:
Managing Member			453	283
Other Members	2,351	2,220	5,540	4,939
Net income	$ 2,351	$ 2,220	$ 5,993	$ 5,222
Net income per Limited Liability Company Unit (Other Members)	$ 0.17	$ 0.16	$ 0.40	$ 0.35
Weighted average number of Units outstanding	13,971,486	13,971,486	13,971,486	13,971,486

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Notes Receivable, Net

9 Months Ended

Sep. 30, 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. The terms of the notes receivable are 17 to 120 months and bear interest at rates ranging from 8.51% to 11.78%. The notes are secured by the equipment financed. The notes mature from 2013 through 2016.

The Company had no notes in non-accrual status at both September 30, 2013 and December 31, 2012. As of December 31, 2012, the Company did, however, have two notes receivable that were deemed impaired, one of which remained outstanding as of September 30, 2013.

One of the two impaired notes at December 31, 2012 was placed in non-accrual status in 2010, at which time, its terms was modified to defer the repayment of principal until April 2012 while maintaining interest-only payments at the original rate of 11.78%. During 2011, the note was deemed impaired relative to its original payment terms. From April 1, 2012 well into the third quarter, the interest only payment arrangement was continued pending a final resolution of the terms of repayment. Prior to the end of the third quarter of 2012, a large dollar amount was received to significantly reduce the then outstanding principal balance. During the previous 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. As of September 30, 2013,  $12 thousand of the aforementioned note remains outstanding.  As of the same date, the fair value of the impaired note is $0, reflecting previous valuation adjustments of $12 thousand.

During the second quarter of 2012, an additional note was deemed to be impaired and placed in non-accrual status. As such, the Company recorded a fair value adjustment of $27 thousand which reduced the cost basis of the impaired note. As of December 31, 2012, the estimated impairment remained unchanged. As of the same date, the note reflected a principal balance outstanding of $86 thousand. During the third quarter, all past due amounts on this note were received bringing it current at September 30, 2012; and, 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 maturity resulting in a gain of $27 thousand.

As of September 30, 2013, the minimum future payments receivable are as follows (in thousands):

Three months ending December 31, 2013	$	85
Year ending December 31, 2014		221
2015		166
2016		188
		660
Less: portion representing unearned interest income		(68)
		592
Unamortized initial direct costs		1
Less: reserve for impairment		(12)
Notes receivable, net	$	581

Initial direct costs (“IDC”) amortization expense related to notes receivable and the Company’s operating and direct financing leases for the three and nine months ended September 30, 2013 and 2012 are as follows (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
IDC amortization - notes receivable	$	-	$	-	$	-	$	1
IDC amortization - lease assets		14		28		46		91
Total	$	14	$	28	$	46	$	92

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Allowance For Credit Losses (Tables)

9 Months Ended

Sep. 30, 2013

Allowance for Credit Losses [Abstract]

Activity in Allowance for Doubtful Accounts

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	$	102	$	3	$	-	$	115
(Reversal of provision) provision		-		-		(85)		36		-		(49)
Balance December 31, 2012		-		10		17		39		-		66
Reversal of provision		-		-		(4)		-		-		(4)
Asset disposal		-		-		-		(27)		-		(27)
Balance September 30, 2013	$	-	$	10	$	13	$	12	$	-	$	35

Recorded Investment in Financing Receivables

As ofSeptember 30, 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):

September 30, 2013		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	12		$	-		$	12
Ending balance: individually evaluated for impairment	$	12		$	-		$	12
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	593	1	$	11,688	2	$	12,281
Ending balance: individually evaluated for impairment	$	593		$	11,688		$	12,281
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
1Includes $1 of unamortized initial direct costs.
2Includes $15 of unamortized initial direct costs.

December 31, 2012		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	39		$	-		$	39
Ending balance: individually evaluated for impairment	$	39		$	-		$	39
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	858	3	$	13,091	4	$	13,949
Ending balance: individually evaluated for impairment	$	858		$	13,091		$	13,949
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

At September 30, 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
		September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012
Pass	$	580	$	85	$	11,673	$	13,046
Special mention		-		772		-		21
Substandard		-		-		-		-
Doubtful		12		-		-		-
Total	$	592	$	857	$	11,673	$	13,067

Schedule of Impaired Loans

As of September 30, 2013 and December 31, 2012, the Company’s impaired loans were as follows (in thousands):

			Impaired Loans
At September 30, 2013			Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
	Notes receivable	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
	Notes receivable		12		12		12		12		-
Total		$	12	$	12	$	12	$	12	$	-

			Impaired Loans
At December 31, 2012			Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
	Notes receivable	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
	Notes receivable		98		98		39		132		14
Total		$	98	$	98	$	39	$	132	$	14

Net Investment in Financing Receivables by Age

At September 30, 2013 and December 31, 2012, the investment in financing receivables is aged as follows (in thousands):

September 30, 2013		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	592	$	592	$	-
Finance leases				-		89		89		11,584		11,673		89
Total	$	-	$	-	$	89	$	89	$	12,176	$	12,265	$	89

December 31, 2012		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	857	$	857	$	-
Finance leases		-		-		-		-		13,067		13,067		-
Total	$	-	$	-	$	-	$	-	$	13,924	$	13,924	$	-

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Fair Value Measurements (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2011	Dec. 31, 2012 Investment 1 [Member]	Dec. 31, 2012 Investment 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair value adjustments on notes receivable	$ 0				$ 36	$ 0		$ 3
Impairment losses on equipment	165		338	108		273	430
Impairment losses in investment securities		$ 7			$ 29		$ 29
Change in valuation									66.00%	78.00%

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Guarantees

9 Months Ended

Sep. 30, 2013

Guarantees [Abstract]

Guarantees

11.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.

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Related Party Transactions (Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Related Party Transactions [Abstract]
Costs reimbursed to Managing Member and/or affiliates	$ 278	$ 319	$ 1,203	$ 1,242
Asset management fees to Managing Member and/or affiliates	104	145	585	619
Related Party Transaction, Expenses from Transactions with Related Party, Total	$ 382	$ 464	$ 1,788	$ 1,861

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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	Sep. 30, 2013	Dec. 31, 2012
Fair Value Measurements Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired lease and off-lease assets	$ 22	$ 13
Impaired notes receivable, net		59
Impaired investment securities		10
Fair Value Measurements Nonrecurring [Member] | Level 1 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired lease and off-lease assets
Impaired notes receivable, net
Impaired investment securities
Fair Value Measurements Nonrecurring [Member] | Level 3 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired lease and off-lease assets	22	13
Impaired notes receivable, net		59
Impaired investment securities		10
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate Swaps		76
Fair Value, Measurements, Recurring [Member] | Level 1 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate Swaps
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate Swaps		$ 76

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Allowance for Credit Losses (Activity in Allowance for Doubtful Accounts) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended	9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended				9 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013 Allowance For Doubtful Accounts [Member] Notes Receivable [Member]	Dec. 31, 2012 Allowance For Doubtful Accounts [Member] Notes Receivable [Member]	Sep. 30, 2013 Allowance For Doubtful Accounts [Member] Operating Leases [Member]	Dec. 31, 2012 Allowance For Doubtful Accounts [Member] Operating Leases [Member]	Sep. 30, 2013 Allowance For Doubtful Accounts [Member] Finance Leases [Member]	Dec. 31, 2012 Allowance For Doubtful Accounts [Member] Finance Leases [Member]	Dec. 31, 2011 Allowance For Doubtful Accounts [Member] Finance Leases [Member]	Sep. 30, 2013 Valuation Adjustments on Financing Receivables [Member] Notes Receivable [Member]	Dec. 31, 2012 Valuation Adjustments on Financing Receivables [Member] Notes Receivable [Member]	Sep. 30, 2013 Valuation Adjustments on Financing Receivables [Member] Finance Leases [Member]	Dec. 31, 2012 Valuation Adjustments on Financing Receivables [Member] Finance Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance			$ 66	$ 115	$ 115			$ 17	$ 102	$ 10	$ 10	$ 10	$ 39	$ 3
(Reversal of provision) Provision	21	(23)	(4)	(44)	(49)			(4)	(85)					36
Asset disposal			(27)										(27)
Ending Balance	$ 35		$ 35		$ 66			$ 13	$ 17	$ 10	$ 10	$ 10	$ 12	$ 39

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Non-Recourse Debt (Tables)

9 Months Ended

Sep. 30, 2013

Non-Recourse Debt [Abstract]

Future Minimum Payments of Non-Recourse Debt

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

		Principal		Interest		Total
Three months ending December 31, 2013	$	1,315	$	222	$	1,537
Year ending December 31, 2014		5,004		704		5,708
2015		4,508		424		4,932
2016		3,984		142		4,126
2017		425		5		430
2018		83		-		83
	$	15,319	$	1,497	$	16,816

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Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2013

Related Party Transactions [Abstract]

Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement

During the three and nine months ended September 30, 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				Nine Months
		Ended September 30,				Ended September 30,
		2013		2012		2013		2012
Costs reimbursed to Managing Member and/or affiliates	$	278	$	319	$	1,203	$	1,242
Asset management fees to Managing Member and/or affiliates		104		145		585		619
	$	382	$	464	$	1,788	$	1,861

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Investments in Equipment and Leases, Net (Components of Company's Investment in Direct Financing Leases) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Investments in Equipment and Leases, Net [Abstract]
Total minimum lease payments receivable	$ 14,203	$ 17,667
Estimated residual values of leased equipment (unguaranteed)	3,600	3,755
Investment in direct financing leases	17,803	21,422
Less unearned income	(6,130)	(8,355)
Net investment in direct financing leases	$ 11,673	$ 13,067

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Notes Receivable, Net (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended	9 Months Ended		12 Months Ended					9 Months Ended	3 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Jun. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2010	Sep. 30, 2013 Minimum [Member]	Sep. 30, 2013 Maximum [Member]	Sep. 30, 2013 Notes Receivable [Member]	Jun. 30, 2012 Note Receivable Two [Member]	Dec. 31, 2012 Note Receivable Two [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable										17 months	120 months
Notes receivable, interest rate									11.78%	8.51%	11.78%
Notes maturity period										2013	2016
Net book value of notes receivable non accrual status														$ 86
Outstanding principal impaired note receivable												12
Fair value of impaired note receivable												0
Notes receivable, allowance for credit losses	12				12			39
Fair value adjustments on notes receivable	0			36	0		3					12	27
Gain on sales of lease assets and early termination of notes	$ 1,027	$ 27	$ 309		$ 2,619	$ 741

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Allowance for Credit Losses (Financing Receivables by Credit Quality Indicator and by Class) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	$ 592	$ 857
Finance Leases	11,673	13,067
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	580	85
Finance Leases	11,673	13,046
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable		772
Finance Leases		21
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable
Finance Leases
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	$ 12

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Non-Recourse Debt (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Gross operating lease rentals and future payments on direct financing leases	$ 16.3
Carrying value of pledged assets	$ 15.3
Minimum [Member]
Fixed Interest rate on note	1.41%
Note maturity year	2014
Maximum [Member]
Fixed Interest rate on note	6.66%
Note maturity year	2018

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Sep. 30, 2013 segment	Sep. 30, 2012
Summary of Significant Accounting Policies [Abstract]
Number of reportable segments				1
Impairment losses in investment securities		$ 7	$ 29		$ 29
Unrealized gain on net exercise of warrants	$ 12			$ 12	$ 31

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Investments in Equipment and Leases, Net (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended	9 Months Ended			9 Months Ended	12 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013 Minimum [Member]	Dec. 31, 2012 Minimum [Member]	Sep. 30, 2013 Lease Assets [Member]	Sep. 30, 2012 Lease Assets [Member]	Sep. 30, 2013 Lease Assets [Member]	Sep. 30, 2012 Lease Assets [Member]
Leases Disclosure [Line Items]
Amortization of initial direct costs	$ 14	$ 28		$ 46	$ 92				$ 14	$ 28	$ 46	$ 91
Impairment losses on equipment	165	338	108	273	430
Depreciation of operating lease assets	$ 1,421	$ 2,113		$ 4,757	$ 7,189
Average estimated residual value of assets on operating leases	23.00%			23.00%		22.00%
Accounts receivable, period for non accrual status							90 days	90 days

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Investments In Equipment And Leases, Net (Tables)

9 Months Ended

Sep. 30, 2013

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

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 September 30, 2013
Net investment in operating leases	$	30,988	$	(3,795)	$	(4,757)	$	22,436
Net investment in direct financing leases		13,067		52		(1,446)		11,673
Assets held for sale or lease, net		1,891		40		-		1,931
Initial direct costs, net of accumulated amortization of $314 at September 30, 2013 and $339 at December 31, 2012		111		-		(47)		64
Total	$	46,057	$	(3,703)	$	(6,250)	$	36,104

Property on Operating Leases

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

		Balance December 31, 2012		Additions		Reclassifications, Dispositions and Impairment Losses		Balance September 30, 2013
Transportation, rail	$	28,292	$	-	$	(3,069)	$	25,223
Transportation, other		22,995		-		(2,501)		20,494
Manufacturing		8,302		-		(774)		7,528
Materials handling		14,503		-		(7,348)		7,155
Aircraft		4,391		-		(1,365)		3,026
Construction		3,211		-		(969)		2,242
Petro/natural gas		2,446		-		-		2,446
Agriculture		1,140		-		(283)		857
Logging & lumber		248		-		-		248
Research		202		-		5		207
Data processing		113		-		-		113
		85,843		-		(16,304)		69,539
Less accumulated depreciation		(54,855)		(4,757)		12,509		(47,103)
Total	$	30,988	$	(4,757)	$	(3,795)	$	22,436

Components of Company's Investment in Direct Financing Leases

As of September 30, 2013, investment in direct financing leases generally consists of materials handling, mining and construction equipment. At December 31, 2012, such investment consisted of manufacturing, mining, materials handling, construction and cleaning and maintenance equipment. The components of the Company’s investment in direct financing leases as of September 30, 2013 and December 31, 2012 are as follows (in thousands):

		September 30, 2013		December 31, 2012
Total minimum lease payments receivable	$	14,203	$	17,667
Estimated residual values of leased equipment (unguaranteed)		3,600		3,755
Investment in direct financing leases		17,803		21,422
Less unearned income		(6,130)		(8,355)
Net investment in direct financing leases	$	11,673	$	13,067

Future Minimum Lease Payments Receivable

At September 30, 2013, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases		Direct Financing Leases		Total
Three months ending December 31, 2013	$	1,570	$	1,240	$	2,810
Year ending December 31, 2014		4,656		4,751		9,407
2015		2,100		4,507		6,607
2016		637		3,703		4,340
2017		539		2		541
2018		148		-		148
Thereafter		26		-		26
	$	9,676	$	14,203	$	23,879

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Statements of Changes in Members' Capital (Parenthetical) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members, per unit	$ 0.40	$ 0.25	$ 0.75

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Organization and Limited Liability Company Matters

9 Months Ended

Sep. 30, 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 X, LLC (the “Company” or the “Fund”) was formed under the laws of the State of California on August 12, 2002 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, 2022.  

The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. On April 9, 2003, 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 March 11, 2005, the offering was terminated. As of that date, subscriptions for 14,059,136 Units ($140.6 million) had been received, of which 87,650 Units ($720 thousand) were subsequently rescinded or repurchased (net of distributions paid and allocated syndication costs, as applicable) by the Company through September 30, 2013. As of September 30, 2013,  13,971,486 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, 2011 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, 2012, 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.

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Allowance for Credit Losses

9 Months Ended

Sep. 30, 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	$	102	$	3	$	-	$	115
(Reversal of provision) provision		-		-		(85)		36		-		(49)
Balance December 31, 2012		-		10		17		39		-		66
Reversal of provision		-		-		(4)		-		-		(4)
Asset disposal		-		-		-		(27)		-		(27)
Balance September 30, 2013	$	-	$	10	$	13	$	12	$	-	$	35

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 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 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

4.Allowance for credit losses (continued):

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.

As ofSeptember 30, 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):

September 30, 2013		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	12		$	-		$	12
Ending balance: individually evaluated for impairment	$	12		$	-		$	12
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	593	1	$	11,688	2	$	12,281
Ending balance: individually evaluated for impairment	$	593		$	11,688		$	12,281
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
1Includes $1 of unamortized initial direct costs.
2Includes $15 of unamortized initial direct costs.

December 31, 2012		Notes Receivable			Finance Leases			Total
Allowance for credit losses:
Ending balance	$	39		$	-		$	39
Ending balance: individually evaluated for impairment	$	39		$	-		$	39
Ending balance: collectively evaluated for impairment	$	-		$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-		$	-		$	-
Financing receivables:
Ending balance	$	858	3	$	13,091	4	$	13,949
Ending balance: individually evaluated for impairment	$	858		$	13,091		$	13,949
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

4.Allowance for credit losses (continued):

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 calendar quarter 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.

At September 30, 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
		September 30, 2013		December 31, 2012		September 30, 2013		December 31, 2012
Pass	$	580	$	85	$	11,673	$	13,046
Special mention		-		772		-		21
Substandard		-		-		-		-
Doubtful		12		-		-		-
Total	$	592	$	857	$	11,673	$	13,067

As of September 30, 2013 and December 31, 2012, the Company’s impaired loans were as follows (in thousands):

			Impaired Loans
At September 30, 2013			Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
	Notes receivable	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
	Notes receivable		12		12		12		12		-
Total		$	12	$	12	$	12	$	12	$	-

			Impaired Loans
At December 31, 2012			Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
With no related allowance recorded
	Notes receivable	$	-	$	-	$	-	$	-	$	-
With an allowance recorded
	Notes receivable		98		98		39		132		14
Total		$	98	$	98	$	39	$	132	$	14

At September 30, 2013 and December 31, 2012, the investment in financing receivables is aged as follows (in thousands):

September 30, 2013		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	592	$	592	$	-
Finance leases				-		89		89		11,584		11,673		89
Total	$	-	$	-	$	89	$	89	$	12,176	$	12,265	$	89

December 31, 2012		31-60 Days Past Due		61-90 Days Past Due		Greater Than 90 Days		Total Past Due		Current		Total Financing Receivables		Recorded Investment > 90 Days and Accruing
Notes receivable	$	-	$	-	$	-	$	-	$	857	$	857	$	-
Finance leases		-		-		-		-		13,067		13,067		-
Total	$	-	$	-	$	-	$	-	$	13,924	$	13,924	$	-

The Company had no investment in financing receivables in non-accrual status at both September 30, 2013 and December 31, 2012. As of December 31, 2012, the Company did, however, have two notes receivable that were deemed impaired, one of which remained outstanding as of September 30, 2013.See Note 3 for further discussion.

As of September 30, 2013, 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 presented above. As of December 31, 2012, there were no investments in financing receivables with related accounts receivable past due more than 90 days which were still on an accrual basis.

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Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 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 the three and nine months ended September 30, 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 effect 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 September 30, 2013, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, and 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 determination of the allowances for doubtful accounts and 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 ninemonths ended September 30, 2013 and 2012 and long-lived tangible assets as of September 30, 2013 and December 31, 2012 (dollars in thousands):

		Nine Months Ended September 30,
		2013	% of Total		2012	% of Total
Revenue
United States	$	13,567	94%	$	15,260	92%
Canada		580	4%		664	4%
United Kingdom		355	2%		678	4%
Total International		935	6%		1,342	8%
Total	$	14,502	100%	$	16,602	100%
		As of September 30,			As of December 31,
		2013	% of Total		2012	% of Total
Long-lived assets
United States	$	34,252	95%	$	43,068	94%
Canada		1,815	5%		2,581	5%
United Kingdom		37	0%		408	1%
Total International		1,852	5%		2,989	6%
Total	$	36,104	100%	$	46,057	100%

Investment in securities:

From time to time, the Company may purchase securities of its borrowers or receive warrants to purchase securities in connection with its lending arrangements.

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

2.Summary of significant accounting policies (continued):

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. Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three and nine months ended September 30, 2013. During the nine months ended September 30, 2012, the Company had recorded fair value adjustments totaling $29 thousand, all of which were recorded during the first six months of 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 September 30, 2013 and December 31, 2012, the Managing Member estimated the fair value of the warrants to be nominal in amount. During the third quarter of 2013, the Company recorded $12 thousand of unrealized gains relative to the conversion of warrants associated with shares of a venture company.  There were no such unrealized gains recorded during the prior year quarter. During the first nine months of 2013 and 2012, unrealized gains from the conversion of warrants associated with shares of certain venture companies totaled $12 thousand and $31 thousand, respectively.

Other income, net:

Other income, net consists of fair value changes on interest rate swap contracts and gains and losses on foreign exchange transactions. The table below details the Company’s other income, net for the three and nine months ended September 30, 2013 and 2012 (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Foreign currency gain	$	2	$	44	$	34	$	32
Change in fair value of interest rate swap contracts		-		38		76		138
Total	$	2	$	82	$	110	$	170

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.

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Allowance for Credit Losses (Schedule of Impaired Loans) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Allowance for Credit Losses [Abstract]
Notes receivable, With no allowance recorded, Recorded investment
Notes receivable, With an allowance recorded, Recorded investment	12	98
Recorded investment, Total	12	98
Notes receivable, With no allowance recorded, Unpaid Principal Balance
Notes receivable, With an allowance recorded, Unpaid Principal Balance	12	98
Unpaid Principal Balance, Total	12	98
Notes receivable, With no Allowance recorded, Related allowance
Notes receivable, With an allowance recorded, Related allowance	12	39
Notes receivable, Related Allowance, Total	12	39
Notes receivable, With no allowance recorded, Average Recorded Investment
Notes receivable, With an allowance recorded, Average Recorded Investment	12	132
Impaired Financing Receivable, Average Recorded Investment, Total	12	132
Notes receivable, With no allowance recorded, Interest Income Recognized
Notes receivable, With an allowance recorded, Interest Income Recognized		14
Interest Income Recognized, Total		$ 14

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Members' Capital (Tables)

9 Months Ended

Sep. 30, 2013

Members' Capital [Abstract]

Distributions to Other Members

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

		Three Months				Nine Months
		Ended September 30,				Ended September 30,
		2013		2012		2013		2012
Distributions declared	$	-	$	-	$	5,589	$	3,493
Weighted average number of Units outstanding		13,971,486		13,971,486		13,971,486		13,971,486
Weighted average distributions per Unit	$	-	$	-	$	0.40	$	0.25

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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		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 4,862	$ 5,668	$ 14,502	$ 16,602
Percentage of total revenue			100.00%	100.00%
Long-lived assets	36,104		36,104		46,057
Percentage of long lived assets	100.00%		100.00%		100.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			13,567	15,260
Percentage of total revenue			94.00%	92.00%
Long-lived assets	34,252		34,252		43,068
Percentage of long lived assets	95.00%		95.00%		94.00%
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			355	678
Percentage of total revenue			2.00%	4.00%
Long-lived assets	37		37		408
Percentage of long lived assets	0.00%		0.00%		1.00%
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			580	664
Percentage of total revenue			4.00%	4.00%
Long-lived assets	1,815		1,815		2,581
Percentage of long lived assets	5.00%		5.00%		5.00%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			935	1,342
Percentage of total revenue			6.00%	8.00%
Long-lived assets	$ 1,852		$ 1,852		$ 2,989
Percentage of long lived assets	5.00%		5.00%		6.00%

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Allowance for Credit Losses (Narrative) (Details)	9 Months Ended
	Sep. 30, 2013
Minimum [Member]
Accounts receivable, period for non accrual status	90 days
Financing receivable, period for non accrual status	90 days
Maximum [Member]
Equipment and lessee period of review for impairment	90 days

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Members' Capital (Distributions to Other Member) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Members' Capital [Abstract]
Distributions declared			$ 5,589	$ 3,493	$ 10,479
Weighted average number of Units outstanding	13,971,486	13,971,486	13,971,486	13,971,486
Weighted average distributions per Unit			$ 0.40	$ 0.25	$ 0.75

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Non-Recourse Debt (Future Minimum Payments of Non-Recourse Debt) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013
Principal
Three months ending December 31, 2013	$ 1,315
Year ending December 31, 2014	5,004
2015	4,508
2016	3,984
2017	425
2018	83
Long-term debt, total	15,319
Interest
Three months ending December 31, 2013	222
Year ending December 31, 2014	704
2015	424
2016	142
2017	5
Long-term debt interest, total	1,497
Total
Three months ending December 31, 2013	1,537
Year ending December 31, 2014	5,708
2015	4,932
2016	4,126
2017	430
2018	83
Long-term debt principal and interest, total	$ 16,816

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Investments in Equipment and Leases, Net (Property on Operating Leases) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	$ 30,988
Additions	(4,757)
Reclassifications or Dispositions	(3,795)
Balance September 30, 2013	22,436
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	28,292
Additions
Reclassifications or Dispositions	(3,069)
Balance September 30, 2013	25,223
Transportation, Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	22,995
Additions
Reclassifications or Dispositions	(2,501)
Balance September 30, 2013	20,494
Manufacturing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	8,302
Additions
Reclassifications or Dispositions	(774)
Balance September 30, 2013	7,528
Materials Handling [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	14,503
Additions
Reclassifications or Dispositions	(7,348)
Balance September 30, 2013	7,155
Aircraft [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	4,391
Additions
Reclassifications or Dispositions	(1,365)
Balance September 30, 2013	3,026
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	3,211
Additions
Reclassifications or Dispositions	(969)
Balance September 30, 2013	2,242
Petro/Natural Gas [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	2,446
Additions
Balance September 30, 2013	2,446
Agriculture [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	1,140
Additions
Reclassifications or Dispositions	(283)
Balance September 30, 2013	857
Logging & lumber [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	248
Additions
Balance September 30, 2013	248
Research [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	202
Additions
Reclassifications or Dispositions	5
Balance September 30, 2013	207
Data Processing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	113
Additions
Balance September 30, 2013	113
Total Property Subject to or Available for Operating Lease [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	85,843
Additions
Reclassifications or Dispositions	(16,304)
Balance September 30, 2013	69,539
Less Accumulated Depreciation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2012	(54,855)
Additions	(4,757)
Reclassifications or Dispositions	12,509
Balance September 30, 2013	$ (47,103)

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Balance Sheets (Parenthetical) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 23	$ 27
Notes receivable, unearned interest income	68	114
Notes receivable, allowance for credit losses	12	39
Investments in equipment and leases, accumulated depreciation	$ 51,944	$ 64,713

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Non-Recourse Debt

9 Months Ended

Sep. 30, 2013

Non-Recourse Debt [Abstract]

Non-Recourse Debt

7.Non-recourse debt:

At September 30, 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 1.41% to 6.66%. The notes are secured by assignments of lease payments and pledges of assets. At September 30, 2013, gross operating lease rentals and future payments on direct financing leases totaled approximately $16.3 million over the remaining lease terms; and the carrying value of the pledged assets is $15.3million. The notes mature at various dates from 2014 through 2018.

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 in the equipment finance industry, and are viewed by such industry as being consistent with non-recourse discount financing 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
Three months ending December 31, 2013	$	1,315	$	222	$	1,537
Year ending December 31, 2014		5,004		704		5,708
2015		4,508		424		4,932
2016		3,984		142		4,126
2017		425		5		430
2018		83		-		83
	$	15,319	$	1,497	$	16,816

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Statements of Changes in Members' Capital (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Beginning Balance		$ 26,696	$ 31,134	$ 31,134
Distributions to Other Members		(5,589)	(3,493)	(10,479)
Distributions to Managing Member		(453)		(850)
Net income	2,351	5,993	5,222	6,891
Ending Balance	26,647	26,647		26,696
Other Members
Beginning Balance (in units)		13,971,486	13,971,486	13,971,486
Beginning Balance		26,696	31,134	31,134
Distributions to Other Members		(5,589)		(10,479)
Net income		5,540		6,041
Ending Balance (in units)	13,971,486	13,971,486		13,971,486
Ending Balance	26,647	26,647		26,696
Managing Member
Distributions to Managing Member		(453)		(850)
Net income		$ 453		$ 850

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Fair Value Measurements (Summary of Valuation Techniques And Significant Unobservable Inputs) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Valuation techniques, range of input values, total	$ 22,400
Minimum [Member]
Valuation techniques, range of input values	500
Maximum [Member]
Valuation techniques, range of input values	$ 6,000

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Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents	$ 5,806	$ 8,635
Accounts receivable, net of allowance for doubtful accounts of $23 at September 30, 2013 and $27 at December 31, 2012	649	749
Notes receivable, net of unearned interest income of $68 and allowance for credit losses of $12 as of September 30, 2013 and unearned interest income of $114 and allowance for credit losses of $39 as of December 31, 2012	581	819
Prepaid expenses and other assets	124	126
Investment in securities	84	65
Investments in equipment and leases, net of accumulated depreciation of $51,944 at September 30, 2013 and $64,713 at December 31, 2012	36,104	46,057
Total assets	43,348	56,451
Accounts payable and accrued liabilities:
Managing Member	124	947
Accrued distributions to Other Members		6,986
Other	685	846
Accrued interest payable	70	91
Interest rate swap contracts		76
Deposits due lessees		52
Non-recourse debt	15,319	16,831
Receivables funding program obligations		3,308
Unearned operating lease income	503	618
Total liabilities	16,701	29,755
Commitments and contingencies
Members' capital:
Managing Member
Other Members	26,647	26,696
Total Members' capital	26,647	26,696
Total liabilities and Members' capital	$ 43,348	$ 56,451

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Borrowing Facilities (Narrative) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Borrowing Facilities [Abstract]
Total available under the financing arrangement	$ 60,000,000
Outstanding borrowings under facility		$ 0

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Measurements [Abstract]

Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

The following table presents the fair value measurement of assets and liabilities measured at fair value on a recurring and non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2013 and December 31, 2012 (in thousands):

		September 30, 2013		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 lease and off-lease equipment	$	22	$	-	$	-	$	22

		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 off-lease assets	$	13	$	-	$	-	$	13
Impaired notes receivable, net		59		-		-		59
Impaired investment securities		10		-		-		10
Liabilities measured at fair value on a recurring basis:
Interest rate swaps		76		-		76		-

Summary of Valuation Techniques and Significant Unobservable Inputs

The following table summarizes the valuation techniques and significant unobservable inputs used for the Company’s non-recurring fair value adjustments categorized as Level 3 in the fair value hierarchy at September 30, 2013:

Name	Valuation Frequency	Valuation Technique	Unobservable Inputs	Range of Input Values
Lease Equipment	Non-recurring	Market Approach	Third Party Agents' Pricing Quotes - per equipment	$500 - $6,000 (total of $22,400)
			Equipment Condition	Poor to Average

Estimated Fair Values of Financial Instruments

The following table presents a summary of the carrying value and fair value by level of financial instruments on the Company’s balance sheet at September 30, 2013 and December 31, 2012 (in thousands):

		Fair Value Measurements at September 30, 2013
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	5,806	$	5,806	$	-	$	-	$	5,806
Notes receivable, net		581		-		-		581		581
Investment in securities		84		-		-		84		84
Financial liabilities:
Non-recourse debt		15,319		-		-		15,808		15,808

		Fair Value Measurements at December 31, 2012
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	8,635	$	8,635	$	-	$	-	$	8,635
Notes receivable, net		819		-		-		819		819
Investment in securities		65		-		-		65		65
Financial liabilities:
Non-recourse debt		16,831		-		-		17,642		17,642
Borrowings		3,308		-		-		3,308		3,308
Interest rate swap contracts		76		-		76		-		76

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Notes Receivable, Net (Tables)

9 Months Ended

Sep. 30, 2013

Notes Receivable, Net [Abstract]

Minimum Future Payments Receivable

As of September 30, 2013, the minimum future payments receivable are as follows (in thousands):

Three months ending December 31, 2013	$	85
Year ending December 31, 2014		221
2015		166
2016		188
		660
Less: portion representing unearned interest income		(68)
		592
Unamortized initial direct costs		1
Less: reserve for impairment		(12)
Notes receivable, net	$	581

Initial Direct Costs, Amortization Expense Related to Notes Receivable and Company's Operating and Direct Financing Leases

Initial direct costs (“IDC”) amortization expense related to notes receivable and the Company’s operating and direct financing leases for the three and nine months ended September 30, 2013 and 2012 are as follows (in thousands):

		Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
IDC amortization - notes receivable	$	-	$	-	$	-	$	1
IDC amortization - lease assets		14		28		46		91
Total	$	14	$	28	$	46	$	92

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Investments in Equipment and Leases, Net (Investment in Leases) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Leases Disclosure [Line Items]
Balance December 31, 2012	$ 46,057
Reclassifications, Additions / Dispositions and Impairment Losses	(3,703)
Depreciation/ Amortization Expense or Amortization of Leases	(6,250)
Balance September 30, 2013	36,104
Initial direct costs, accumulated amortization	314	339
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	30,988
Reclassifications, Additions / Dispositions and Impairment Losses	(3,795)
Depreciation/ Amortization Expense or Amortization of Leases	(4,757)
Balance September 30, 2013	22,436
Direct Financing Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	13,067
Reclassifications, Additions / Dispositions and Impairment Losses	52
Depreciation/ Amortization Expense or Amortization of Leases	(1,446)
Balance September 30, 2013	11,673
Asset Held for Sale or Lease [Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	1,891
Reclassifications, Additions / Dispositions and Impairment Losses	40
Balance September 30, 2013	1,931
Initial Direct Cost [Member]
Leases Disclosure [Line Items]
Balance December 31, 2012	111
Depreciation/ Amortization Expense or Amortization of Leases	(47)
Balance September 30, 2013	$ 64

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Members' Capital (Narrative) (Details)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Other Members Capital Account [Line Items]
Other Members capital account, units issued	13,971,486	13,971,486
Other Members capital account, units outstanding	13,971,486	13,971,486
Other Members capital account, units authorized	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%

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Allowance for Credit Losses (Recorded Investment in Financing Receivables) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Allowances for credit losses:
Ending balance	$ 12		$ 39
Ending balance: individually evaluated for impairment	12		39
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable, Net [Abstract]
Ending balance	12,281		13,949
Ending balance: individually evaluated for impairment	12,281		13,949
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	12		39
Ending balance: individually evaluated for impairment	12		39
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable, Net [Abstract]
Ending balance	593	[1]	858	[1]
Ending balance: individually evaluated for impairment	593		858
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Finance leases unamortized initial direct cost	1		1
Finance Leases [Member]
Allowances for credit losses:
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable, Net [Abstract]
Ending balance	11,688	[2]	13,091	[3]
Ending balance: individually evaluated for impairment	11,688		13,091
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Finance leases unamortized initial direct cost	$ 15		$ 24

[1] Includes $1 of unamortized initial direct costs.

[2] Includes $15 of unamortized initial direct costs.

[3] Includes $24 of unamortized initial direct costs.

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Notes Receivable, Net (Minimum Future Payments Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Notes Receivable, Net [Abstract]
Three months ending December 31, 2013	$ 85
Year ending December 31, 2014	221
2015	166
2016	188
Financing receivable, gross, total	660
Less: portion representing unearned interest income	(68)	(114)
Notes Receivable	592	857
Unamortized initial direct costs	1
Less: reserve for impairment	(12)	(39)
Notes receivable, net	$ 581	$ 819

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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		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Initial Direct Costs Notes Receivable And Lease Assets [Line Items]
Amortization of initial direct costs	$ 14	$ 28	$ 46	$ 92
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	$ 14	$ 28	$ 46	$ 91

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Related Party Transactions

9 Months Ended

Sep. 30, 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 in 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 services 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 September 30, 2013, the Company has not exceeded the annual and/or cumulative limitations discussed above.

During the three and nine months ended September 30, 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				Nine Months
		Ended September 30,				Ended September 30,
		2013		2012		2013		2012
Costs reimbursed to Managing Member and/or affiliates	$	278	$	319	$	1,203	$	1,242
Asset management fees to Managing Member and/or affiliates		104		145		585		619
	$	382	$	464	$	1,788	$	1,861

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Organization and Limited Liability Company Matters (Narrative) (Details) (USD $)	0 Months Ended			82 Months Ended	103 Months Ended	134 Months Ended
	Mar. 11, 2005	Apr. 09, 2003	Mar. 12, 2003	Dec. 31, 2011	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Organization and Limited Liability Company Matters [Abstract]
Partnership termination date						Dec. 31, 2022
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	14,059,136	120,000
Proceeds from sale of Limited Liability Company Units	$ 140,600,000	$ 1,200,000
Repurchase of units, number of units					87,650
Repurchase of units, value					$ 720,000
Units issued					13,971,486	13,971,486	13,971,486
Units outstanding					13,971,486	13,971,486	13,971,486
Reinvestment period				6 years

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Allowance for Credit Losses (Net Investment in Financing Receivables by Age) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Financing Receivable Recorded Investment Past Due [Line Items]
31-60 Days Past Due
61-90 Days Past Due
Greater Than 90 Days	89
Total Past Due	89
Current	12,176	13,924
Total financing receivable	12,265	13,924
Recorded Investment > 90 Days and Accruing	89
Notes Receivable [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
31-60 Days Past Due
61-90 Days Past Due
Greater Than 90 Days
Total Past Due
Current	592	857
Total financing receivable	592	857
Recorded Investment > 90 Days and Accruing
Finance Leases [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
31-60 Days Past Due
61-90 Days Past Due
Greater Than 90 Days	89
Total Past Due	89
Current	11,584	13,067
Total financing receivable	11,673	13,067
Recorded Investment > 90 Days and Accruing	$ 89

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Receivables Funding Program

9 Months Ended

Sep. 30, 2013

Receivables Funding Program [Abstract]

Receivables Funding Program

9.Receivables funding program:

Prior to April 2013, the Company had an $80 million receivables funding program (the “RF Program”) with a receivables financing company that issued commercial paper rated A1 from Standard and Poor’s and P1 from Moody’s Investors Service. Under the RF Program, the lender held liens against the Company’s assets. The lender was in a first position against certain specified assets and was in either a subordinated or shared position against the remaining assets. The RF Program provided for borrowing at a variable interest rate; and,for the Company to enter into interest rate swap agreements with certain hedge counterparties (also rated A1/P1) to mitigate the interest rate risk associated with a variable interest rate note. The RF Program did not contain any credit risk related default contingencies. As of April 4, 2013, all advances under the RF Program were repaid in full and the program was terminated. At December 31, 2012, the Company had $3.3 million outstanding under the RF Program.

The Company previously had interest rate swap agreements that effectively fixed the variable interest rates on its borrowings. As of April 4, 2013, all such agreements have terminated. As of December 31, 2012, the Company had interest rate swap agreements to receive or pay interest on a notional principal of $3.3 million based on the difference between nominal rates ranging from 3.21% to 5.39% and a variable rate of 0.24%. No actual borrowing or lending is involved. The termination of the swaps was to coincide with the maturity of the debt. Through the swap agreements, the interest rates have been effectively fixed. The differential to be paid or received was accrued as interest rates change and was recognized as an adjustment to interest expense related to the debt. The interest rate swaps were not designated as hedging instruments and were carried at fair value on the balance sheet with unrealized gain/loss included in the statements of income in other (expense) income, net. The interest paid or received on the swap contracts were accrued as interest rates changed.

Interest paid on the RF Program from January 2013 through its termination in April 2013 was nominal.  During the three months ended September 30, 2012, the weighted average interest rate on the RF Program, including interest on the swap contracts, was 5.37%. Such weighted average interest rates were 4.63% and 5.45% during the nine months ended September 30, 2013 and 2012, respectively. The RF Program discussed above included certain financial and non-financial covenants applicable to the Company as borrower. The Company was in compliance with all covenants during 2012 through the date of program termination.

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Investments in Equipment and Leases, Net

9 Months Ended

Sep. 30, 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 September 30, 2013
Net investment in operating leases	$	30,988	$	(3,795)	$	(4,757)	$	22,436
Net investment in direct financing leases		13,067		52		(1,446)		11,673
Assets held for sale or lease, net		1,891		40		-		1,931
Initial direct costs, net of accumulated amortization of $314 at September 30, 2013 and $339 at December 31, 2012		111		-		(47)		64
Total	$	46,057	$	(3,703)	$	(6,250)	$	36,104

Additions to net investment in operating leases are stated at cost. IDC amortization expense related to operating leases and direct financing leases totaled $14 thousand and $28 thousand for the respective three months ended September 30, 2013 and 2012, and $46 thousand and $91 thousand for the respective nine months ended September 30, 2013 and 2012 (See Note 3).

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 for impairment. Impairment losses are recorded as an adjustment to the net investment in operating leases. During the respective three and nine months ended September 30, 2013, the Company deemed certain lease equipment to be impaired and, accordingly, recorded fair value adjustments of $165 thousand and $273 thousand which reduced the cost basis of the impaired equipment. By comparison, the Company recorded fair value adjustments totaling $338 thousand and $430 thousand for the respective three and nine months ended September 30, 2012.  

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 was approximately $1.4 million and $2.1 million for the respective three months ended September 30, 2013 and 2012, and was approximately $4.8 million and $7.2 million for the respective nine months ended September 30, 2013 and 2012.  

All of the leased property was acquired in the years beginning with 2003 through 2011.

As of September 30, 2013 and December 31, 2012, there were no lease contracts placed in non-accrual status. As of the same dates, the Company has certain 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, and all other lease contracts, for any actual change in collectability status and indication of necessary valuation adjustments.

Operating leases:

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

		Balance December 31, 2012		Additions		Reclassifications, Dispositions and Impairment Losses		Balance September 30, 2013
Transportation, rail	$	28,292	$	-	$	(3,069)	$	25,223
Transportation, other		22,995		-		(2,501)		20,494
Manufacturing		8,302		-		(774)		7,528
Materials handling		14,503		-		(7,348)		7,155
Aircraft		4,391		-		(1,365)		3,026
Construction		3,211		-		(969)		2,242
Petro/natural gas		2,446		-		-		2,446
Agriculture		1,140		-		(283)		857
Logging & lumber		248		-		-		248
Research		202		-		5		207
Data processing		113		-		-		113
		85,843		-		(16,304)		69,539
Less accumulated depreciation		(54,855)		(4,757)		12,509		(47,103)
Total	$	30,988	$	(4,757)	$	(3,795)	$	22,436

The average estimated residual value for assets on operating leases was 23% and 22% of the assets’ original cost at September 30, 2013 and December 31, 2012, respectively. There were no operating leases placed in non-accrual status as of September 30, 2013 and December 31, 2012.

Direct financing leases:

As of September 30, 2013, investment in direct financing leases generally consists of materials handling, mining and construction equipment. At December 31, 2012, such investment consisted of manufacturing, mining, materials handling, construction and cleaning and maintenance equipment. The components of the Company’s investment in direct financing leases as of September 30, 2013 and December 31, 2012 are as follows (in thousands):

		September 30, 2013		December 31, 2012
Total minimum lease payments receivable	$	14,203	$	17,667
Estimated residual values of leased equipment (unguaranteed)		3,600		3,755
Investment in direct financing leases		17,803		21,422
Less unearned income		(6,130)		(8,355)
Net investment in direct financing leases	$	11,673	$	13,067

There were no direct financing leases placed in non-accrual status as of September 30, 2013 and December 31, 2012.

At September 30, 2013, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases		Direct Financing Leases		Total
Three months ending December 31, 2013	$	1,570	$	1,240	$	2,810
Year ending December 31, 2014		4,656		4,751		9,407
2015		2,100		4,507		6,607
2016		637		3,703		4,340
2017		539		2		541
2018		148		-		148
Thereafter		26		-		26
	$	9,676	$	14,203	$	23,879

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Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating activities:
Net income	$ 2,351	$ 2,220	$ 5,993	$ 5,222
Adjustments to reconcile net income to cash provided by operating activities:
Gain on sales of lease assets and early termination of notes	(1,027)	(309)	(2,619)	(741)
Gain from settlement of lease asset casualty		(350)		(350)
Depreciation of operating lease assets	1,421	2,113	4,757	7,189
Amortization of initial direct costs	14	28	46	92
Impairment losses on equipment	165	338	273	430
Provision (reversal of provision) for credit losses	21	(23)	(4)	(44)
Provision for losses on investment in securities				29
Change in fair value of interest rate swap contracts		(38)	(76)	(138)
Gain on sales or dispositions of securities				(1)
Unrealized gain on net exercise of warrants	(12)		(12)	(31)
Changes in operating assets and liabilities:
Accounts receivable	65	151	104	89
Due from Managing Member		(9)		(9)
Prepaid expenses and other assets	(27)	(26)	2	(113)
Accounts payable, Managing Member	(194)	(145)	(257)	106
Accounts payable, other	90	130	(161)	85
Accrued interest payable	(6)	(7)	(21)	(27)
Deposits due lessees	(52)		(52)
Unearned operating lease income	37	(154)	(115)	22
Net cash provided by operating activities	2,846	3,919	7,858	11,810
Investing activities:
Purchase of securities			(7)
Proceeds from sales of lease assets and early termination of notes	1,923	1,117	6,094	2,429
Principal payments received on direct financing leases	480	514	1,446	1,475
Principal payments received on notes receivable	61	111	194	315
Net cash provided by investing activities	2,464	1,742	7,727	4,219
Financing activities:
Borrowings under acquisition facility				500
Repayments under acquisition facility				(500)
Borrowings under non-recourse debt			2,611
Repayments under non-recourse debt	(1,572)	(1,239)	(4,123)	(3,685)
Repayments under receivables funding program		(996)	(3,308)	(3,506)
Settlement of amount due from affiliate (transfer of lease asset)				8
Net cash used in financing activities	(7,614)	(6,011)	(18,414)	(12,378)
Net (decrease) increase in cash and cash equivalents	(2,304)	(350)	(2,829)	3,651
Cash and cash equivalents at beginning of period	8,110	5,083	8,635	1,082
Cash and cash equivalents at end of period	5,806	4,733	5,806	4,733
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	240	394	813	1,311
Cash paid during the period for taxes	2	4	120	98
Schedule of non-cash transactions:
Securities acquired through conversion of warrants	12		12	39
Amount due from settlement of lease asset casualty		440		440
Other Members [Member]
Financing activities:
Distributions to Members	(5,589)	(3,493)	(12,575)	(4,806)
Managing Member [Member]
Financing activities:
Distributions to Members	$ (453)	$ (283)	$ (1,019)	$ (389)

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Receivables Funding Program (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Debt Instrument [Line Items]
Outstanding amount under RF program				$ 3.3
Expected future lease receivables identified as collateral under the program		16.3
Notional principal amount				3.3
Weighted average interest rates on the RF program, including interest on the Swap contracts	5.37%	4.63%	5.45%
Receivable Funding Program [Member]
Debt Instrument [Line Items]
Outstanding amount under RF program		$ 80.0
Variable rate				0.24%
Minimum [Member] | Receivable Funding Program [Member]
Debt Instrument [Line Items]
Rate on interest rate Swap Agreement				3.21%
Maximum [Member] | Receivable Funding Program [Member]
Debt Instrument [Line Items]
Rate on interest rate Swap Agreement				5.39%

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Investments in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013
Operating Leases
Three months ending December 31, 2013	$ 1,570
Year ending December 31, 2014	4,656
2015	2,100
2016	637
2017	539
2018	148
Thereafter	26
Operating leases, future minimum payments receivable, total	9,676
Direct Financing Leases
Three months ending December 31, 2013	1,240
Year ending December 31, 2014	4,751
2015	4,507
2016	3,703
2017	2
Direct financing leases, future minimum payments receivable, total	14,203
Total
Three months ending December 31, 2013	2,810
Year ending December 31, 2014	9,407
2015	6,607
2016	4,340
2017	541
2018	148
Thereafter	26
Future minimum payments, receivable, total	$ 23,879

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Summary of Significant Accounting Policies (Schedule of Other Income, Net) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Summary of Significant Accounting Policies [Abstract]
Foreign currency gain (loss)	$ 2	$ 44	$ 34	$ 32
Change in fair value of interest rate swap contracts		38	76	138
Total	$ 2	$ 82	$ 110	$ 170

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Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Financial assets:
Cash and cash equivalents	$ 5,806	$ 8,635
Notes receivable, net	581	819
Investment in securities	84	65
Financial liabilities:
Non-recourse debt	15,808	17,642
Borrowings		3,308
Interest rate swap contracts		76
Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	5,806	8,635
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Borrowings
Interest rate swap contracts
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Borrowings
Interest rate swap contracts		76
Level 3 Estimated Fair Value [Member]
Financial assets:
Notes receivable, net	581	819
Investment in securities	84	65
Financial liabilities:
Non-recourse debt	15,808	17,642
Borrowings		3,308
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	5,806	8,635
Notes receivable, net	581	819
Investment in securities	84	65
Financial liabilities:
Non-recourse debt	15,319	16,831
Borrowings		3,308
Interest rate swap contracts		$ 76

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Members' Capital

9 Months Ended

Sep. 30, 2013

Members' Capital [Abstract]

Members' Capital

12.Members’ capital:

Units issued and outstanding were 13,971,486 at both September 30, 2013 and December 31, 2012. 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 ceased offering Units on March 11, 2005.

The Company has the right, exercisable in 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, 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 Other Members and 7.5% to AFS.

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

		Three Months				Nine Months
		Ended September 30,				Ended September 30,
		2013		2012		2013		2012
Distributions declared	$	-	$	-	$	5,589	$	3,493
Weighted average number of Units outstanding		13,971,486		13,971,486		13,971,486		13,971,486
Weighted average distributions per Unit	$	-	$	-	$	0.40	$	0.25

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Borrowing Facilities

9 Months Ended

Sep. 30, 2013

Borrowing Facilities [Abstract]

Borrowing Facilities

8.Borrowing facilities:

Effective as of December 31, 2012, the Company’s participation in a revolving credit facility (the “Credit Facility”) with AFS and certain of its affiliates was terminated. The Company had no related balances outstanding at the time.

Prior to December 31, 2012, the Company participated with AFS and certain of its affiliates in the Credit Facility comprised of a working capital facility to AFS, an acquisition facility (the “Acquisition Facility”) and a warehouse facility (the “Warehouse Facility”) to AFS, the Company and affiliates, and a venture facility available to an affiliate, with a syndicate of financial institutions as lenders. The Credit Facility was for an amount up to $60 million and included certain financial covenants. The interest rate on the Credit Facility was based on either the LIBOR/Eurocurrency rate of 1-, 2-, 3- or 6-month maturity plus a lender designated spread, or the bank’s Prime rate, which re-priced daily. Principal amounts of loans made under the Credit Facility that were prepaid may be re-borrowed on the terms and subject to the conditions set forth under the Credit Facility.

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Summary Of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 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

The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the ninemonths ended September 30, 2013 and 2012 and long-lived tangible assets as of September 30, 2013 and December 31, 2012 (dollars in thousands):

		Nine Months Ended September 30,
		2013	% of Total		2012	% of Total
Revenue
United States	$	13,567	94%	$	15,260	92%
Canada		580	4%		664	4%
United Kingdom		355	2%		678	4%
Total International		935	6%		1,342	8%
Total	$	14,502	100%	$	16,602	100%
		As of September 30,			As of December 31,
		2013	% of Total		2012	% of Total
Long-lived assets
United States	$	34,252	95%	$	43,068	94%
Canada		1,815	5%		2,581	5%
United Kingdom		37	0%		408	1%
Total International		1,852	5%		2,989	6%
Total	$	36,104	100%	$	46,057	100%

Schedule of Other Income, Net

The table below details the Company’s other income, net for the three and nine months ended September 30, 2013 and 2012 (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Foreign currency gain	$	2	$	44	$	34	$	32
Change in fair value of interest rate swap contracts		-		38		76		138
Total	$	2	$	82	$	110	$	170

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Fair Value Measurements

9 Months Ended

Sep. 30, 2013

Fair Value Measurements [Abstract]

Fair Value Measurements

13.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 basis as of September 30, 2013. By comparison, the fair value of the Company’s interest rate swap contracts was measured on a recurring basis as of December 31, 2012. In addition, the Company recorded non-recurring adjustments to reflect the fair values of certain impaired lease and off-lease assets during the first nine months of 2013,and those of impaired off-lease assets, notes receivable and investment securities during the first nine months of 2012. Balances shown at September 30, 2013 and 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 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.

Such fair value adjustments utilized the following methodology:

Interest rate swaps

The fair value of interest rate swaps is estimated using a valuation method (discounted cash flow) with inputs that are defined or that can be corroborated by observable market data. The discounted cash flow approach utilizes each swap’s notional amount, payment and termination dates, swap coupon, and the prevailing market rate and pricing data to determine the present value of the future swap payments. Accordingly, such swap contracts are classified within Level 2 of the valuation hierarchy.

Impaired lease and/or off-lease equipment

During the third quarter of 2013, the Company deemed certain lease equipment (assets) to be impaired and recorded fair value adjustments of $165 thousand to reduce the cost basis of the equipment. This is in addition to$108 thousand of fair value adjustments recorded on impaired off-lease assets during the first six months of 2013. By comparison, the Company recorded $338 thousand and $430 thousand of fair value adjustments relative to impaired off-lease assets during the three and nine months ended September 30, 2012. There were no incremental adjustments through December 31, 2012.

All of the aforementioned adjustments were non-recurring. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of impaired lease assets were classified within Level 3 of the valuation hierarchy as the data sources utilized for the valuation of such 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.

Impaired notes receivable

The fair value of the Company’s notes receivable, when impairment adjustments are required, is estimated using either third party appraisals or estimations of the value of collateral (for collateral dependent loans) or discounted cash flow analyses (by discounting estimated future cash flows) using the effective interest rate contained in the terms of the original loan. The Company had no fair value adjustments relative to impaired notes receivable during the three and nine months ended September 30, 2013.

13. Fair value measurements (continued):

During the first nine months of 2012, the Company recorded $36 thousand of adjustmentsto reflect the fair value of two impaired notes, all of which were recorded during the first half of the year. The Company originally deemed one of the notes impaired in 2011 and had previously recorded $3 thousand of adjustments through December 2011.All of the fair value adjustments recorded in 2012 were non-recurring and were based upon an estimated valuation of underlying collateral. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired notes receivable is classified within Level 3 of the valuation hierarchy. The 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.

During the first quarter of 2013, one of the impaired notes receivable was fully settled prior to its scheduled maturity.  

Impaired investment securities

The Company’s investment securities are not registered for public sale and are carried at cost. The investment securities are adjusted for impairment, if any, based upon factors which 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 no fair value adjustments during the three and nine months ended September 30, 2013.

During the first six months of 2012, the Company recorded fair value adjustments totaling $29 thousand. Such adjustments were supplemented by an additional $7 thousand during the fourth quarter of 2012. These adjustments to fair value were made pursuant to information indicating impairment of two investment securities.The first (a 66% adjustment in value) was for reduced operating cash flow, and the second (a 78% adjustment) was for diminished valuation evidenced by unit sales at lesser prices. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the aforementioned impaired investment securities were classified within Level 3 of the valuation hierarchy for all measurement periods due to the significant inputs that are unobservable in the market.

The following table presents the fair value measurement of assets and liabilities measured at fair value on a recurring and non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2013 and December 31, 2012 (in thousands):

		September 30, 2013		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 lease and off-lease equipment	$	22	$	-	$	-	$	22

		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 off-lease assets	$	13	$	-	$	-	$	13
Impaired notes receivable, net		59		-		-		59
Impaired investment securities		10		-		-		10
Liabilities measured at fair value on a recurring basis:
Interest rate swaps		76		-		76		-

13.Fair value measurements (continued):

The following table summarizes the valuation techniques and significant unobservable inputs used for the Company’s non-recurring fair value adjustments categorized as Level 3 in the fair value hierarchy at September 30, 2013:

Name	Valuation Frequency	Valuation Technique	Unobservable Inputs	Range of Input Values
Lease Equipment	Non-recurring	Market Approach	Third Party Agents' Pricing Quotes - per equipment	$500 - $6,000 (total of $22,400)
			Equipment Condition	Poor to Average

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.

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 credit risk or estimated collateral liquidation 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.

Borrowings

Borrowings include the outstanding amounts on the Company’s acquisition facility and the RF Program. The carrying amount of these variable rate obligations approximate fair value based on current borrowing rates for similar types of borrowings.

Commitments and Contingencies

Management has determined that no recognition for the fair value of the Company’s loan commitments is necessary because their terms are made on a market rate basis and require borrowers to be in compliance with the Company’s credit requirements at the time of funding.

13.Fair value measurements (continued):

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 table presents a summary of the carrying value and fair value by level of financial instruments on the Company’s balance sheet at September 30, 2013 and December 31, 2012 (in thousands):

		Fair Value Measurements at September 30, 2013
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	5,806	$	5,806	$	-	$	-	$	5,806
Notes receivable, net		581		-		-		581		581
Investment in securities		84		-		-		84		84
Financial liabilities:
Non-recourse debt		15,319		-		-		15,808		15,808

		Fair Value Measurements at December 31, 2012
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	8,635	$	8,635	$	-	$	-	$	8,635
Notes receivable, net		819		-		-		819		819
Investment in securities		65		-		-		65		65
Financial liabilities:
Non-recourse debt		16,831		-		-		17,642		17,642
Borrowings		3,308		-		-		3,308		3,308
Interest rate swap contracts		76		-		76		-		76

XML

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Entity Registrant Name	ATEL CAPITAL EQUIPMENT FUND X LLC
Entity Central Index Key	0001186258
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		13,971,486

XML

Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 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 the three and nine months ended September 30, 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 effect 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 September 30, 2013, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements, and 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 determination of the allowances for doubtful accounts and 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 ninemonths ended September 30, 2013 and 2012 and long-lived tangible assets as of September 30, 2013 and December 31, 2012 (dollars in thousands):

		Nine Months Ended September 30,
		2013	% of Total		2012	% of Total
Revenue
United States	$	13,567	94%	$	15,260	92%
Canada		580	4%		664	4%
United Kingdom		355	2%		678	4%
Total International		935	6%		1,342	8%
Total	$	14,502	100%	$	16,602	100%
		As of September 30,			As of December 31,
		2013	% of Total		2012	% of Total
Long-lived assets
United States	$	34,252	95%	$	43,068	94%
Canada		1,815	5%		2,581	5%
United Kingdom		37	0%		408	1%
Total International		1,852	5%		2,989	6%
Total	$	36,104	100%	$	46,057	100%

Investment in Securities

Investment in securities:

From time to time, the Company may purchase securities of its borrowers or receive warrants to purchase securities in connection with its lending arrangements.

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

2.Summary of significant accounting policies (continued):

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. Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three and nine months ended September 30, 2013. During the nine months ended September 30, 2012, the Company had recorded fair value adjustments totaling $29 thousand, all of which were recorded during the first six months of 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 September 30, 2013 and December 31, 2012, the Managing Member estimated the fair value of the warrants to be nominal in amount. During the third quarter of 2013, the Company recorded $12 thousand of unrealized gains relative to the conversion of warrants associated with shares of a venture company.  There were no such unrealized gains recorded during the prior year quarter. During the first nine months of 2013 and 2012, unrealized gains from the conversion of warrants associated with shares of certain venture companies totaled $12 thousand and $31 thousand, respectively.

Other Income, Net

Other income, net:

Other income, net consists of fair value changes on interest rate swap contracts and gains and losses on foreign exchange transactions. The table below details the Company’s other income, net for the three and nine months ended September 30, 2013 and 2012 (in thousands):

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Foreign currency gain	$	2	$	44	$	34	$	32
Change in fair value of interest rate swap contracts		-		38		76		138
Total	$	2	$	82	$	110	$	170

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.