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: August 13, 2014

/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: August 13, 2014

/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 June 30, 2014 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: August 13, 2014

/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 June 30, 2014 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: August 13, 2014

/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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Allowance for Credit Losses (Net Investment in Financing Receivables by Age) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable Recorded Investment Past Due [Line Items]
31-60 Days Past Due	$ 51
61-90 Days Past Due	13
Greater Than 90 Days		22
Total Past Due	64	22
Current	10,578	11,733
Total financing receivable	10,642	11,755
Recorded Investment > 90 Days and Accruing		22
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	427	518
Total financing receivable	427	518
Recorded Investment > 90 Days and Accruing
Finance Leases [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
31-60 Days Past Due	51
61-90 Days Past Due	13
Greater Than 90 Days		22
Total Past Due	64	22
Current	10,151	11,215
Total financing receivable	10,215	11,237
Recorded Investment > 90 Days and Accruing		$ 22

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Fair Value Measurements (Summary of Valuation Techniques And Significant Unobservable Inputs) (Details) (Market Approach Valuation Technique [Member], Lease Equipment [Member], Fair Value Measurements Nonrecurring [Member], USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation techniques, range of input values	$ 500
Valuation techniques, range of input values, total	3,500	79,000
Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation techniques, range of input values		1,000
Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation techniques, range of input values		$ 25,000

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Receivables Funding Program (Narrative) (Details) (Receivable Funding Program [Member], USD $) In Millions, unless otherwise specified	Jun. 30, 2014
Receivable Funding Program [Member]
Debt Instrument [Line Items]
Outstanding amount under RF program	$ 80

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Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Financial assets:
Cash and cash equivalents	$ 7,645	$ 8,478
Notes receivable, net	427	518
Investment in securities	85	85
Financial liabilities:
Non-recourse debt	11,808	14,409
Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	7,645	8,478
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Level 3 Estimated Fair Value [Member]
Financial assets:
Notes receivable, net	427	518
Investment in securities	85	85
Financial liabilities:
Non-recourse debt	11,808	14,409
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	7,645	8,478
Notes receivable, net	427	518
Investment in securities	85	85
Financial liabilities:
Non-recourse debt	$ 11,506	$ 14,004

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Non-Recourse Debt (Narrative) (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Gross operating lease rentals and future payments on direct financing leases	$ 11.7
Carrying value of pledged assets	$ 13.1
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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Notes Receivable, Net (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Notes Receivable, Net [Abstract]
Notes receivable, interest rate	8.51%				8.51%
Notes maturity period					2016
Outstanding principal impaired note receivable	$ 427				$ 427
Realized gain on settlement of impaired loans			27
Fair value adjustments on notes receivable	$ 4	$ 88		$ 27	$ 4	$ 108	$ 476

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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2014

Related Party Transactions [Abstract]

Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement

During the three and six months ended June 30, 2014 and 2013, AFS and/or affiliates earned fees and billed for reimbursements pursuant to the Operating Agreement as follows (in thousands):

		Three Months				Six Months
		Ended June 30,				Ended June 30,
		2014		2013		2014		2013
Costs reimbursed to Managing Member and/or affiliates	$	198	$	274	$	597	$	925
Asset management fees to Managing Member and/or affiliates		163		357		251		481
	$	361	$	631	$	848	$	1,406

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Members' Capital (Narrative) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Other Members Capital Account [Line Items]
Other Members capital account, units issued	13,971,486		13,971,486		13,971,486
Other Members capital account, units outstanding	13,971,486		13,971,486		13,971,486
Other Members capital account, units authorized	15,000,000		15,000,000		15,000,000
Potential repurchase price of Units as percentage of holder's capital account			100.00%
Distributions declared	$ 5,589	$ 5,589	$ 5,589	$ 5,589	$ 11,177
Managing Member [Member]
Other Members Capital Account [Line Items]
Managing members account, units issued	50		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%
Other Members [Member]
Other Members Capital Account [Line Items]
Distributions declared			$ 5,589		$ 11,177

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Investments in Equipment and Leases, Net (Property on Operating Leases) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	$ 20,338
Additions	(1,957)
Reclassifications or Dispositions	(2,298)
Balance June 30, 2014	16,083
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	25,050
Additions
Reclassifications or Dispositions	279
Balance June 30, 2014	25,329
Transportation, Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	20,374
Additions
Reclassifications or Dispositions	(5,387)
Balance June 30, 2014	14,987
Materials Handling [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	5,778
Additions
Reclassifications or Dispositions	(1,943)
Balance June 30, 2014	3,835
Aircraft [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	3,026
Additions
Balance June 30, 2014	3,026
Petro/Natural Gas [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	2,446
Additions
Balance June 30, 2014	2,446
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	2,242
Additions
Reclassifications or Dispositions	(321)
Balance June 30, 2014	1,921
Manufacturing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	5,756
Additions
Reclassifications or Dispositions	(5,132)
Balance June 30, 2014	624
Agriculture [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	350
Additions
Balance June 30, 2014	350
Logging & lumber [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	248
Additions
Reclassifications or Dispositions	(248)
Research [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	207
Additions
Reclassifications or Dispositions	(202)
Balance June 30, 2014	5
Data Processing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	113
Additions
Reclassifications or Dispositions	(113)
Total Property Subject to or Available for Operating Lease
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	65,590
Additions
Reclassifications or Dispositions	(13,067)
Balance June 30, 2014	52,523
Less Accumulated Depreciation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2013	(45,252)
Additions	(1,957)
Reclassifications or Dispositions	10,769
Balance June 30, 2014	$ (36,440)

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Allowance for Credit Losses (Recorded Investment in Financing Receivables) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Allowances for credit losses:
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable, Net [Abstract]
Ending balance	10,651		11,768
Ending balance: individually evaluated for impairment	10,651		11,768
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Notes Receivable [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	427		518
Ending balance: individually evaluated for impairment	427		518
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality
Finance leases unamortized initial direct cost	9		13
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	10,224	[1]	11,250	[2]
Ending balance: individually evaluated for impairment	10,224		11,250
Ending balance: collectively evaluated for impairment
Ending balance: loans acquired with deteriorated credit quality

[1] Includes $9 of unamortized initial direct costs.

[2] Includes $13 of unamortized initial direct costs.

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Fair Value Measurements (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Fair Value Measurements [Abstract]
Fair value adjustments on notes receivable	$ 4	$ 88	$ 27	$ 4	$ 108	$ 476
Impairment losses on equipment	4	88		4	108
Impairment losses in investment securities	$ 0	$ 0		$ 0	$ 0

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Non-Recourse Debt (Future Minimum Payments of Non-Recourse Debt) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014
Principal
Six months ending December 31, 2014	$ 2,506
Year ending December 31, 2015	4,508
2016	3,984
2017	425
2018	83
Long-term debt, total	11,506
Interest
Six months ending December 31, 2014	317
Year ending December 31, 2015	424
2016	142
2017	5
Long-term debt interest, total	888
Total
Six months ending December 31, 2014	2,823
Year ending December 31, 2015	4,932
2016	4,126
2017	430
2018	83
Long-term debt principal and interest, total	$ 12,394

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Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2014

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 six months ended June 30, 2014 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 June 30, 2014, 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 six months ended June 30, 2014 and 2013 and long-lived tangible assets as of June 30, 2014 and December 31, 2013 (dollars in thousands):

		Six Months Ended June 30,
		2014	% of Total		2013	% of Total
Revenue
United States	$	6,461	99%	$	8,870	92%
Canada		-	0%		415	4%
United Kingdom		69	1%		355	4%
Total International		69	1%		770	8%
Total	$	6,530	100%	$	9,640	100%
		As of June 30,			As of December 31,
		2014	% of Total		2013	% of Total
Long-lived assets
United States	$	27,811	100%	$	31,509	95%
Canada		-	0%		1,675	5%
United Kingdom		-	0%		23	0%
Total International		-	0%		1,698	5%
Total	$	27,811	100%	$	33,207	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 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 six months ended June 30, 2014 and 2013.

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 June 30, 2014 and December 31, 2013, the Managing Member estimated the fair value of the warrants to be nominal in amount. During the three months ended June 30, 2014, the Company realized gains of $73 thousand on the net exercise of certain warrants. Such amount also represents total gain for the six months ended June 30, 2014. There was no net exercise of warrants during the three and six months ended June 30, 2013.

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 six months ended June 30, 2014 and 2013 (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Change in fair value of interest rate swap contracts	$	-	$	50	$	-	$	76
Foreign currency gain		-		23		1		32
Total	$	-	$	73	$	1	$	108

The Company had no other income or loss, net during the second quarter of 2014 as the Fund’s interest rate swap contracts terminated during the second quarter of 2013; and the leases that required foreign exchange translation transactions terminated during the first quarter of 2014.

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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Investments in Equipment and Leases, Net (Components of Company's Investment in Direct Financing Leases) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Investments in Equipment and Leases, Net [Abstract]
Total minimum lease payments receivable	$ 10,791	$ 13,064
Estimated residual values of leased equipment (unguaranteed)	3,588	3,590
Investment in direct financing leases	14,379	16,654
Less unearned income	(4,164)	(5,417)
Net investment in direct financing leases	$ 10,215	$ 11,237

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Organization and Limited Liability Company Matters (Narrative) (Details) (USD $)	0 Months Ended			82 Months Ended	112 Months Ended	143 Months Ended
	Mar. 11, 2005	Apr. 09, 2003	Mar. 12, 2003	Dec. 31, 2011	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
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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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

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 measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at June 30, 2014 and December 31, 2013 (in thousands):

		June 30, 2014		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 equipment	$	4	$	-	$	-	$	4

		December 31, 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	$	79	$	-	$	-	$	79

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 June 30, 2014 and December 31, 2013:

June 30, 2014
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 (total of $3,500)
			Equipment Condition	Poor to Average
December 31, 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	$1,000 - $25,000 (total of $79,000)
			Equipment Condition	Poor to Average

Estimated Fair Values of Financial Instruments

The following tables present a summary of the carrying value and fair value by level of financial instruments on the Company’s balance sheets at June 30, 2014 and December 31, 2013 (in thousands):

		Fair Value Measurements at June 30, 2014
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	7,645	$	7,645	$	-	$	-	$	7,645
Notes receivable, net		427		-		-		427		427
Investment in securities		85		-		-		85		85
Financial liabilities:
Non-recourse debt		11,506		-		-		11,808		11,808

		Fair Value Measurements at December 31, 2013
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	8,478	$	8,478	$	-	$	-	$	8,478
Notes receivable, net		518		-		-		518		518
Investment in securities		85		-		-		85		85
Financial liabilities:
Non-recourse debt		14,004		-		-		14,409		14,409

XML

Investments in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014
Operating Leases
Six months ending December 31, 2014	$ 2,326
Year ending December 31, 2015	2,361
2016	826
2017	630
2018	199
2019	53
Thereafter	7
Operating leases, future minimum payments receivable, total	6,402
Direct Financing Leases
Six months ending December 31, 2014	2,357
Year ending December 31, 2015	4,612
2016	3,777
2017	24
2018	19
2019	2
Direct financing leases, future minimum payments receivable, total	10,791
Total
Six months ending December 31, 2014	4,683
Year ending December 31, 2015	6,973
2016	4,603
2017	654
2018	218
2019	55
Thereafter	7
Future minimum payments, receivable, total	$ 17,193

XML

Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 segment	Jun. 30, 2013
Summary of Significant Accounting Policies [Abstract]
Number of reportable segments			1
Impairment losses in investment securities	$ 0	$ 0	$ 0	$ 0
Gain on exercise of warrants	$ 73		$ 73

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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		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 2,903	$ 5,118	$ 6,530	$ 9,640
Percentage of total revenue			100.00%	100.00%
Long-lived assets	27,811		27,811		33,207
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			6,461	8,870
Percentage of total revenue			99.00%	92.00%
Long-lived assets	27,811		27,811		31,509
Percentage of long lived assets	100.00%		100.00%		95.00%
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			69	355
Percentage of total revenue			1.00%	4.00%
Long-lived assets					23
Percentage of long lived assets	0.00%		0.00%		0.00%
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues				415
Percentage of total revenue			0.00%	4.00%
Long-lived assets					1,675
Percentage of long lived assets	0.00%		0.00%		5.00%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			69	770
Percentage of total revenue			1.00%	8.00%
Long-lived assets					$ 1,698
Percentage of long lived assets	0.00%		0.00%		5.00%

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Organization and Limited Liability Company Matters

6 Months Ended

Jun. 30, 2014

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 June 30, 2014. As of June 30, 2014,  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 and reimbursements for services rendered 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, 2013, filed with the Securities and Exchange Commission.

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Summary of Significant Accounting Policies (Schedule of Other Income, Net) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Summary of Significant Accounting Policies [Abstract]
Change in fair value of interest rate swap contracts	$ 50		$ 76
Foreign currency gain	23	1	32
Total	$ 73	$ 1	$ 108

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Investments in Equipment and Leases, Net (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Leases Disclosure [Line Items]
Impairment losses on equipment	$ 4	$ 88		$ 4	$ 108
Depreciation of operating lease assets	920	1,613		1,967	3,336
Amortization of initial direct costs	8	15		18	32
Fair value adjustments on notes receivable	$ 4	$ 88	$ 27	$ 4	$ 108	$ 476
Average estimated residual value of assets on operating leases	23.00%			23.00%		22.00%
Minimum [Member]
Leases Disclosure [Line Items]
Accounts receivable, period for non accrual status				90 days		90 days

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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	Jun. 30, 2014	Jun. 30, 2014 Level 1 Estimated Fair Value [Member]	Jun. 30, 2014 Fair Value, Inputs, Level 2 [Member]	Jun. 30, 2014 Level 3 Estimated Fair Value [Member]	Dec. 31, 2013 Fair Value Measurements Nonrecurring [Member]	Dec. 31, 2013 Fair Value Measurements Nonrecurring [Member] Level 1 Estimated Fair Value [Member]	Dec. 31, 2013 Fair Value Measurements Nonrecurring [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 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	$ 4			$ 4	$ 79			$ 79

XML

Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 7,645	$ 8,478
Accounts receivable, net of allowance for doubtful accounts of $5 at June 30, 2014 and $138 at December 31, 2013	611	617
Notes receivable, net of unearned interest income of $37 as of June 30, 2014 and $57 as of December 31, 2013	427	518
Prepaid expenses and other assets	97	115
Investment in securities	85	85
Investments in equipment and leases, net of accumulated depreciation of $41,945 at June 30, 2014 and $49,542 at December 31, 2013	27,811	33,207
Total assets	36,676	43,020
Accounts payable and accrued liabilities:
Managing Member	600	728
Accrued distributions to Other Members	5,589	5,589
Other	385	630
Accrued interest payable	53	63
Non-recourse debt	11,506	14,004
Unearned operating lease income	392	550
Total liabilities	18,525	21,564
Commitments and contingencies
Members' capital:
Managing Member
Other Members	18,151	21,456
Total Members' capital	18,151	21,456
Total liabilities and Members' capital	$ 36,676	$ 43,020

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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		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Related Party Transactions [Abstract]
Costs reimbursed to Managing Member and/or affiliates	$ 198	$ 274	$ 597	$ 925
Asset management fees to Managing Member and/or affiliates	163	357	251	481
Total expenses from transactions with related party	$ 361	$ 631	$ 848	$ 1,406

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Statements of Changes in Members' Capital (Parenthetical) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members, per unit	$ 0.40	$ 0.40	$ 0.40	$ 0.40	$ 0.80

XML

Allowance for Credit Losses (Narrative) (Details)	6 Months Ended
	Jun. 30, 2014
Minimum [Member]
Accounts receivable, period for non-accrual status	90 days
Financing receivable, period for non-accrual status	90 days
Maximum [Member]
Note receivable, period of review for impairment	90 days

XML

Notes Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2014

Notes Receivable, Net [Abstract]

Minimum Future Payments Receivable

As of June 30, 2014, the minimum future payments receivable are as follows (in thousands):

Six months ending December 31, 2014	$	110
Year ending December 31, 2015		166
2016		188
		464
Less: portion representing unearned interest income		(37)
Notes receivable, net	$	427

XML

Allowance for Credit Losses (Activity in Allowance for Doubtful Accounts) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance			$ 138	$ 66	$ 66
Provision (reversal of provision)	(76)	(4)	(133)	(25)	99
Asset disposal					(27)
Ending Balance	5		5		138
Allowance For Doubtful Accounts [Member] | Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance
Provision (reversal of provision)
Asset disposal
Ending Balance
Allowance For Doubtful Accounts [Member] | Operating Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance			128	17	17
Provision (reversal of provision)			(123)		111
Ending Balance	5		5		128
Allowance For Doubtful Accounts [Member] | Finance Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance			10	10	10
Provision (reversal of provision)			(10)
Asset disposal
Ending Balance					10
Valuation Adjustments On Financing Receivables [Member] | Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance				39	39
Provision (reversal of provision)					(12)
Asset disposal					(27)
Valuation Adjustments On Financing Receivables [Member] | Finance Leases [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance
Provision (reversal of provision)
Asset disposal
Ending Balance

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Investments In Equipment And Leases, Net (Tables)

6 Months Ended

Jun. 30, 2014

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, 2013		Reclassifications, Additions / Dispositions and Impairment Losses		Depreciation/ Amortization Expense or Amortization of Leases		Balance June 30, 2014
Net investment in operating leases	$	20,338	$	(2,298)	$	(1,957)	$	16,083
Net investment in direct financing leases		11,237		116		(1,138)		10,215
Assets held for sale or lease, net		1,579		(92)		(10)		1,477
Initial direct costs, net of accumulated   amortization of $184 at June 30,   2014 and $236 at December 31, 2013		53		-		(17)		36
Total	$	33,207	$	(2,274)	$	(3,122)	$	27,811

Property on Operating Leases

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

		Balance December 31, 2013		Additions		Reclassifications, Dispositions		Balance June 30, 2014
Transportation, rail	$	25,050	$	-	$	279	$	25,329
Transportation, other		20,374		-		(5,387)		14,987
Materials handling		5,778		-		(1,943)		3,835
Aircraft		3,026		-		-		3,026
Petro/natural gas		2,446		-		-		2,446
Construction		2,242		-		(321)		1,921
Manufacturing		5,756		-		(5,132)		624
Agriculture		350		-		-		350
Research		207		-		(202)		5
Logging & lumber		248		-		(248)		-
Data processing		113		-		(113)		-
		65,590		-		(13,067)		52,523
Less accumulated depreciation		(45,252)		(1,957)		10,769		(36,440)
Total	$	20,338	$	(1,957)	$	(2,298)	$	16,083

Components of Company's Investment in Direct Financing Leases

The components of the Company’s investment in direct financing leases as of June 30, 2014 and December 31, 2013 are as follows  (in thousands):

		June 30, 2014		December 31, 2013
Total minimum lease payments receivable	$	10,791	$	13,064
Estimated residual values of leased equipment (unguaranteed)		3,588		3,590
Investment in direct financing leases		14,379		16,654
Less unearned income		(4,164)		(5,417)
Net investment in direct financing leases	$	10,215	$	11,237

Future Minimum Lease Payments Receivable

At June 30, 2014, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases		Direct Financing Leases		Total
Six months ending December 31, 2014	$	2,326	$	2,357	$	4,683
Year ending December 31, 2015		2,361		4,612		6,973
2016		826		3,777		4,603
2017		630		24		654
2018		199		19		218
2019		53		2		55
Thereafter		7		-		7
	$	6,402	$	10,791	$	17,193

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Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Operating activities:
Net income	$ 1,259	$ 2,317	$ 2,737	$ 3,642
Adjustments to reconcile net income to cash provided by operating activities:
Gain on sales of lease assets and early termination of notes	(353)	(1,167)	(1,252)	(1,592)
Gain on sales or dispositions of securities	(73)		(73)
Depreciation of operating lease assets	920	1,613	1,967	3,336
Amortization of initial direct costs	8	15	18	32
Impairment losses on equipment	4	88	4	108
Reversal of provision for credit losses	(76)	(4)	(133)	(25)
Change in fair value of interest rate swap contracts		(50)		(76)
Changes in operating assets and liabilities:
Accounts receivable	122	35	212	39
Prepaid expenses and other assets	8	9	18	29
Accounts payable, Managing Member	51	175	(128)	(63)
Accounts payable, other	(81)	(126)	(245)	(251)
Accrued interest payable	(5)	(7)	(10)	(15)
Unearned operating lease income	(57)	(77)	(158)	(152)
Net cash provided by operating activities	1,727	2,821	2,957	5,012
Investing activities:
Purchase of securities				(7)
Proceeds from sales of lease assets and early termination of notes	737	3,148	3,521	4,171
Principal payments received on direct financing leases	580	467	1,138	966
Principal payments received on notes receivable	46	60	91	133
Net cash provided by investing activities	1,363	3,675	4,750	5,263
Financing activities:
Borrowings under non-recourse debt		2,611		2,611
Repayments under non-recourse debt	(1,261)	(1,375)	(2,498)	(2,551)
Repayments under receivables funding program		(2,549)		(3,308)
Net cash used in financing activities	(1,261)	(1,313)	(8,540)	(10,800)
Net increase (decrease) in cash and cash equivalents	1,829	5,183	(833)	(525)
Cash and cash equivalents at beginning of period	5,816	2,927	8,478	8,635
Cash and cash equivalents at end of period	7,645	8,110	7,645	8,110
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	184	259	386	573
Cash paid during the period for taxes	50	117	153	118
Other Members [Member]
Operating activities:
Net income			2,284
Financing activities:
Distributions to Members			(5,589)	(6,986)
Schedule of non-cash transactions:
Distributions declared and payable to Members at period-end	5,589	5,589	5,589	5,589
Managing Member [Member]
Operating activities:
Net income			453
Financing activities:
Distributions to Members			(453)	(566)
Schedule of non-cash transactions:
Distributions declared and payable to Members at period-end	$ 453	$ 453	$ 453	$ 453

XML

Balance Sheets (Parenthetical) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 5	$ 138
Notes receivable, unearned interest income	37	57
Investments in equipment and leases, accumulated depreciation	$ 41,945	$ 49,542

XML

Guarantees

6 Months Ended

Jun. 30, 2014

Guarantees [Abstract]

Guarantees

10.Guarantees:

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

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

XML

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
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

Members' Capital

6 Months Ended

Jun. 30, 2014

Members' Capital [Abstract]

Members' Capital

11.Members’ capital:

Units issued and outstanding were 13,971,486 at both June 30, 2014 and December 31, 2013. 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 for the three and six months ended June 30, 2014 and 2013 were as follows (in thousands except Units and per Unit data):

		Three Months				Six Months
		Ended June 30,				Ended June 30,
		2014		2013		2014		2013
Distributions declared	$	5,589	$	5,589	$	5,589	$	5,589
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	$	0.40	$	0.40	$	0.40

XML

Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Leasing and lending activities:
Operating leases	$ 1,791	$ 3,107	$ 3,786	$ 6,271
Direct financing leases	656	788	1,356	1,585
Interest on notes receivable	10	14	20	30
Gain on sales of lease assets and early termination of notes	353	1,167	1,252	1,592
Gain on sales or dispositions of securities	73		73
Other	20	42	43	162
Total revenues	2,903	5,118	6,530	9,640
Expenses:
Depreciation of operating lease assets	920	1,613	1,967	3,336
Asset management fees to Managing Member	163	357	251	481
Cost reimbursements to Managing Member	198	274	597	925
Amortization of initial direct costs	8	15	18	32
Interest expense	179	252	376	558
Impairment losses on equipment	4	88	4	108
Railcar maintenance	96	137	349	334
Reversal of provision for credit losses	(76)	(4)	(133)	(25)
Professional fees	21	19	94	95
Franchise fees and taxes	46	46	92	91
Outside services	18	19	40	42
Other	67	58	139	129
Total operating expenses	1,644	2,874	3,794	6,106
Other income, net		73	1	108
Net income	1,259	2,317	2,737	3,642
Net income:
Managing Member	453	453	453	453
Other Members	806	1,864	2,284	3,189
Net income	$ 1,259	$ 2,317	$ 2,737	$ 3,642
Net income per Limited Liability Company Unit (Other Members)	$ 0.06	$ 0.13	$ 0.16	$ 0.23
Weighted average number of Units outstanding	13,971,486	13,971,486	13,971,486	13,971,486

XML

Investments in Equipment and Leases, Net

6 Months Ended

Jun. 30, 2014

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, 2013		Reclassifications, Additions / Dispositions and Impairment Losses		Depreciation/ Amortization Expense or Amortization of Leases		Balance June 30, 2014
Net investment in operating leases	$	20,338	$	(2,298)	$	(1,957)	$	16,083
Net investment in direct financing leases		11,237		116		(1,138)		10,215
Assets held for sale or lease, net		1,579		(92)		(10)		1,477
Initial direct costs, net of accumulated   amortization of $184 at June 30,   2014 and $236 at December 31, 2013		53		-		(17)		36
Total	$	33,207	$	(2,274)	$	(3,122)	$	27,811

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. The fair value of the assets is determined based on the sum of the discounted estimated future cash flows of the assets. Impairment losses are recorded as an adjustment to the net investment in operating leases. During the three months ended June 30, 2014, the Company deemed certain lease equipment to be impaired and recorded fair value adjustments of $4 thousand to reduce the cost basis of the impaired equipment. Such amount also represents total impairment loss for the six months ended June 30, 2014. By comparison, the Company recorded fair value adjustments totaling $88 thousand and $108 thousand for the respective three and six month-periods ended June 30, 2013.

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 $920 thousand and $1.6 million for the respective three months ended June 30, 2014 and 2013, and was approximately $2.0 million and $3.3 million for the respective six months ended June 30, 2014 and 2013.

Initial direct costs amortization expense related to the Company’s operating and direct financing leases totaled $8 thousand and $15 thousand for the respective three months ended June 30, 2014 and 2013, and $18 thousand and $32 thousand for the respective six months ended June 30, 2014 and 2013.  

All of the remaining property on lease was acquired during the years 2005 through 2011.

As of June 30, 2014 and December 31, 2013, 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, 2013		Additions		Reclassifications, Dispositions		Balance June 30, 2014
Transportation, rail	$	25,050	$	-	$	279	$	25,329
Transportation, other		20,374		-		(5,387)		14,987
Materials handling		5,778		-		(1,943)		3,835
Aircraft		3,026		-		-		3,026
Petro/natural gas		2,446		-		-		2,446
Construction		2,242		-		(321)		1,921
Manufacturing		5,756		-		(5,132)		624
Agriculture		350		-		-		350
Research		207		-		(202)		5
Logging & lumber		248		-		(248)		-
Data processing		113		-		(113)		-
		65,590		-		(13,067)		52,523
Less accumulated depreciation		(45,252)		(1,957)		10,769		(36,440)
Total	$	20,338	$	(1,957)	$	(2,298)	$	16,083

The average estimated residual value for assets on operating leases was23% and22% of the assets’ original cost at June 30, 2014 and December 31, 2013, respectively. There were no operating leases placed in non-accrual status as of June  30, 2014 and December 31, 2013.

Direct financing leases:

As of June  30, 2014, investment in direct financing leases generally consists of materials handling, mining, construction, research, computers and agriculture equipment. As of December 31, 2013, such investment consisted of materials handling, mining, construction and agriculture equipment.

The components of the Company’s investment in direct financing leases as of June 30, 2014 and December 31, 2013 are as follows  (in thousands):

		June 30, 2014		December 31, 2013
Total minimum lease payments receivable	$	10,791	$	13,064
Estimated residual values of leased equipment (unguaranteed)		3,588		3,590
Investment in direct financing leases		14,379		16,654
Less unearned income		(4,164)		(5,417)
Net investment in direct financing leases	$	10,215	$	11,237

There were no direct financing leases placed in non-accrual status as of June 30,2014 and December 31, 2013.

At June 30, 2014, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases		Direct Financing Leases		Total
Six months ending December 31, 2014	$	2,326	$	2,357	$	4,683
Year ending December 31, 2015		2,361		4,612		6,973
2016		826		3,777		4,603
2017		630		24		654
2018		199		19		218
2019		53		2		55
Thereafter		7		-		7
	$	6,402	$	10,791	$	17,193

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Allowance for Credit Losses

6 Months Ended

Jun. 30, 2014

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, 2012	$	-	$	10	$	17	$	39	$	-	$	66
Provision (reversal of provision)		-		-		111		(12)		-		99
Asset disposal		-		-		-		(27)		-		(27)
Balance December 31, 2013		-		10		128		-		-		138
Reversal of provision		-		(10)		(123)		-		-		(133)
Balance June 30, 2014	$	-	$	-	$	5	$	-	$	-	$	5

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 andstable 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 ofJune 30, 2014 and December 31, 2013, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

June 30, 2014		Notes Receivable		Finance Leases			Total
Allowance for credit losses:
Ending balance	$	-	$	-		$	-
Ending balance: individually evaluated for impairment	$	-	$	-		$	-
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
Financing receivables:
Ending balance	$	427	$	10,224	1	$	10,651
Ending balance: individually evaluated for impairment	$	427	$	10,224		$	10,651
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
1Includes $9 of unamortized initial direct costs.

December 31, 2013		Notes Receivable		Finance Leases			Total
Allowance for credit losses:
Ending balance	$	-	$	-		$	-
Ending balance: individually evaluated for impairment	$	-	$	-		$	-
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
Financing receivables:
Ending balance	$	518	$	11,250	2	$	11,768
Ending balance: individually evaluated for impairment	$	518	$	11,250		$	11,768
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
2Includes $13 of unamortized initial direct costs.

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

Pass – Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody’s or S&P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an

Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the Manager to fall into one of the three risk profiles below.

Special Mention – Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the 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 June 30, 2014 and December 31, 2013, 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
		June 30, 2014		December 31, 2013		June 30, 2014		December 31, 2013
Pass	$	427	$	518	$	10,215	$	11,237
Special mention		-		-		-		-
Substandard		-		-		-		-
Doubtful		-		-		-		-
Total	$	427	$	518	$	10,215	$	11,237

At June 30, 2014 and December 31, 2013, the investment in financing receivables is aged as follows (in thousands):

June 30, 2014		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	$	-	$	-	$	-	$	-	$	427	$	427	$	-
Finance leases		51		13		-		64		10,151		10,215		-
Total	$	51	$	13	$	-	$	64	$	10,578	$	10,642	$	-

December 31, 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	$	-	$	-	$	-	$	-	$	518	$	518	$	-
Finance leases		-		-		22		22		11,215		11,237		22
Total	$	-	$	-	$	22	$	22	$	11,733	$	11,755	$	22

No financing receivables were impaired or in non-accrual status as of June 30, 2014 and December 31, 2013.

As of June 30, 2014, there were no investments in financing receivables with related accounts receivable past due more than 90 days which were still on an accrual basis. As of December 31, 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.

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Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2014

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, 2012	$	-	$	10	$	17	$	39	$	-	$	66
Provision (reversal of provision)		-		-		111		(12)		-		99
Asset disposal		-		-		-		(27)		-		(27)
Balance December 31, 2013		-		10		128		-		-		138
Reversal of provision		-		(10)		(123)		-		-		(133)
Balance June 30, 2014	$	-	$	-	$	5	$	-	$	-	$	5

Recorded Investment in Financing Receivables

As ofJune 30, 2014 and December 31, 2013, the Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables were as follows (in thousands):

June 30, 2014		Notes Receivable		Finance Leases			Total
Allowance for credit losses:
Ending balance	$	-	$	-		$	-
Ending balance: individually evaluated for impairment	$	-	$	-		$	-
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
Financing receivables:
Ending balance	$	427	$	10,224	1	$	10,651
Ending balance: individually evaluated for impairment	$	427	$	10,224		$	10,651
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
1Includes $9 of unamortized initial direct costs.

December 31, 2013		Notes Receivable		Finance Leases			Total
Allowance for credit losses:
Ending balance	$	-	$	-		$	-
Ending balance: individually evaluated for impairment	$	-	$	-		$	-
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
Financing receivables:
Ending balance	$	518	$	11,250	2	$	11,768
Ending balance: individually evaluated for impairment	$	518	$	11,250		$	11,768
Ending balance: collectively evaluated for impairment	$	-	$	-		$	-
Ending balance: loans acquired with deteriorated credit quality	$	-	$	-		$	-
2Includes $13 of unamortized initial direct costs.

Financing Receivables by Credit Quality Indicator and by Class

At June 30, 2014 and December 31, 2013, 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
		June 30, 2014		December 31, 2013		June 30, 2014		December 31, 2013
Pass	$	427	$	518	$	10,215	$	11,237
Special mention		-		-		-		-
Substandard		-		-		-		-
Doubtful		-		-		-		-
Total	$	427	$	518	$	10,215	$	11,237

Net Investment in Financing Receivables by Age

At June 30, 2014 and December 31, 2013, the investment in financing receivables is aged as follows (in thousands):

June 30, 2014		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	$	-	$	-	$	-	$	-	$	427	$	427	$	-
Finance leases		51		13		-		64		10,151		10,215		-
Total	$	51	$	13	$	-	$	64	$	10,578	$	10,642	$	-

December 31, 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	$	-	$	-	$	-	$	-	$	518	$	518	$	-
Finance leases		-		-		22		22		11,215		11,237		22
Total	$	-	$	-	$	22	$	22	$	11,733	$	11,755	$	22

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Fair Value Measurements

6 Months Ended

Jun. 30, 2014

Fair Value Measurements [Abstract]

Fair Value Measurements

12.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 June 30, 2014 and December 31, 2013. However, the Company recorded non-recurring adjustments to reflect the fair values of certain impaired off-lease assets during the first six months of 2014, and those of impaired lease and off-lease assets during 2013. Amounts at June 30, 2014 and December 31, 2013 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:

Impaired lease and/or off-lease equipment

During the second quarter of 2014, the Company deemed certain lease equipment to be impaired and recorded fair value adjustments of $4 thousand to reduce the cost basis of the impaired equipment. Such amount also represents total impairment loss for the six months ended June 30, 2014. By comparison, the Company recorded fair value adjustments totaling $88 thousand and $108 thousand for the respective three and six month-periods ended June 30, 2013. An additional $476 thousand of fair value adjustments were recorded through December 31, 2013. The fair value 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.

The following table presents the fair value measurement of assets measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at June 30, 2014 and December 31, 2013 (in thousands):

		June 30, 2014		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 equipment	$	4	$	-	$	-	$	4

		December 31, 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	$	79	$	-	$	-	$	79

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 June 30, 2014 and December 31, 2013:

June 30, 2014
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 (total of $3,500)
			Equipment Condition	Poor to Average
December 31, 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	$1,000 - $25,000 (total of $79,000)
			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 generally estimated based upon various methodologies deployed by financial and credit management including, but not limited to, credit analysis, third party appraisal and/or discounted cash flow analysis based upon current market valuation techniques and market rates for similar types of lending arrangements, which may consider adjustments for impaired loans as deemed necessary.

Investment in securities

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

Non-recourse debt

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

Commitments and Contingencies

Management has determined that 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.

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

The following tables present a summary of the carrying value and fair value by level of financial instruments on the Company’s balance sheets at June 30, 2014 and December 31, 2013 (in thousands):

		Fair Value Measurements at June 30, 2014
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	7,645	$	7,645	$	-	$	-	$	7,645
Notes receivable, net		427		-		-		427		427
Investment in securities		85		-		-		85		85
Financial liabilities:
Non-recourse debt		11,506		-		-		11,808		11,808

		Fair Value Measurements at December 31, 2013
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	8,478	$	8,478	$	-	$	-	$	8,478
Notes receivable, net		518		-		-		518		518
Investment in securities		85		-		-		85		85
Financial liabilities:
Non-recourse debt		14,004		-		-		14,409		14,409

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Receivables Funding Program

6 Months Ended

Jun. 30, 2014

Receivables Funding Program [Abstract]

Receivables Funding Program

8.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.

The Company previously had interest rate swap agreements that effectively fixed the variable interest rates on its borrowings. Such 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. As of April 4, 2013, all such agreements have terminated.

Interest paid on the RF Program from January 2013 through its termination in April 2013 was nominal.  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 the first quarter of 2013 through the date of program termination.

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Related Party Transactions

6 Months Ended

Jun. 30, 2014

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 total assets, number of investors or contributed capital based upon the type of cost incurred.

The Fund’s 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 June 30, 2014, the Company has not exceeded the annual and/or cumulative limitations discussed above.

During the three and six months ended June 30, 2014 and 2013, AFS and/or affiliates earned fees and billed for reimbursements pursuant to the Operating Agreement as follows (in thousands):

		Three Months				Six Months
		Ended June 30,				Ended June 30,
		2014		2013		2014		2013
Costs reimbursed to Managing Member and/or affiliates	$	198	$	274	$	597	$	925
Asset management fees to Managing Member and/or affiliates		163		357		251		481
	$	361	$	631	$	848	$	1,406

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Non-Recourse Debt

6 Months Ended

Jun. 30, 2014

Non-Recourse Debt [Abstract]

Non-Recourse Debt

7.Non-recourse debt:

At June 30,  2014, 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 June 30,  2014, gross operating lease rentals and future payments on direct financing leases totaled approximately $11.7 million over the remaining lease terms; and the carrying value of the pledged assets is $13.1million. 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 a specific lien 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 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
Six months ending December 31, 2014	$	2,506	$	317	$	2,823
Year ending December 31, 2015		4,508		424		4,932
2016		3,984		142		4,126
2017		425		5		430
2018		83		-		83
	$	11,506	$	888	$	12,394

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Commitments

6 Months Ended

Jun. 30, 2014

Commitments [Abstract]

Commitments

9.Commitments:

At June 30,  2014,  there wereno commitments to purchase lease assets or fund investments in notes receivable.

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Notes Receivable, Net (Minimum Future Payments Receivable) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Notes Receivable, Net [Abstract]
Six months ending December 31, 2014	$ 110
Year ending December 31, 2015	166
2016	188
Financing receivable, gross, total	464
Less: portion representing unearned interest income	(37)	(57)
Notes receivable, net	$ 427	$ 518

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Members' Capital (Distributions to Other Member) (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Members' Capital [Abstract]
Distributions declared	$ 5,589	$ 5,589	$ 5,589	$ 5,589	$ 11,177
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	$ 0.40	$ 0.40	$ 0.40	$ 0.80

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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2014

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 six months ended June 30, 2014 and 2013 and long-lived tangible assets as of June 30, 2014 and December 31, 2013 (dollars in thousands):

		Six Months Ended June 30,
		2014	% of Total		2013	% of Total
Revenue
United States	$	6,461	99%	$	8,870	92%
Canada		-	0%		415	4%
United Kingdom		69	1%		355	4%
Total International		69	1%		770	8%
Total	$	6,530	100%	$	9,640	100%
		As of June 30,			As of December 31,
		2014	% of Total		2013	% of Total
Long-lived assets
United States	$	27,811	100%	$	31,509	95%
Canada		-	0%		1,675	5%
United Kingdom		-	0%		23	0%
Total International		-	0%		1,698	5%
Total	$	27,811	100%	$	33,207	100%

Schedule of Other Income, Net

The table below details the Company’s other income, net for the three and six months ended June 30, 2014 and 2013 (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Change in fair value of interest rate swap contracts	$	-	$	50	$	-	$	76
Foreign currency gain		-		23		1		32
Total	$	-	$	73	$	1	$	108

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Non-Recourse Debt (Tables)

6 Months Ended

Jun. 30, 2014

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
Six months ending December 31, 2014	$	2,506	$	317	$	2,823
Year ending December 31, 2015		4,508		424		4,932
2016		3,984		142		4,126
2017		425		5		430
2018		83		-		83
	$	11,506	$	888	$	12,394

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Commitments (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Commitments [Abstract]
Commitments to purchase lease assets	$ 0

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Investments in Equipment and Leases, Net (Investment in Leases) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Leases Disclosure [Line Items]
Balance December 31, 2013	$ 33,207
Reclassifications, Additions / Dispositions and Impairment Losses	(2,274)
Depreciation / Amortization Expense or Amortization of Leases	(3,122)
Balance June 30, 2014	27,811
Initial direct costs, accumulated amortization	184	236
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2013	20,338
Reclassifications, Additions / Dispositions and Impairment Losses	(2,298)
Depreciation / Amortization Expense or Amortization of Leases	(1,957)
Balance June 30, 2014	16,083
Direct Financing Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2013	11,237
Reclassifications, Additions / Dispositions and Impairment Losses	116
Depreciation / Amortization Expense or Amortization of Leases	(1,138)
Balance June 30, 2014	10,215
Asset Held for Sale or Lease [Member]
Leases Disclosure [Line Items]
Balance December 31, 2013	1,579
Reclassifications, Additions / Dispositions and Impairment Losses	(92)
Depreciation / Amortization Expense or Amortization of Leases	(10)
Balance June 30, 2014	1,477
Initial Direct Cost [Member]
Leases Disclosure [Line Items]
Balance December 31, 2013	53
Depreciation / Amortization Expense or Amortization of Leases	(17)
Balance June 30, 2014	$ 36

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Statements of Changes in Members' Capital (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Beginning Balance		$ 21,456	$ 26,696	$ 26,696
Distributions to Other Members	(5,589)	(5,589)	(5,589)	(11,177)
Distributions to Managing Member		(453)		(906)
Net income	1,259	2,737	3,642	6,843
Ending Balance	18,151	18,151		21,456
Other Members [Member]
Beginning Balance (in units)		13,971,486	13,971,486	13,971,486
Beginning Balance		21,456	26,696	26,696
Distributions to Other Members		(5,589)		(11,177)
Net income		2,284		5,937
Ending Balance (in units)	13,971,486	13,971,486		13,971,486
Ending Balance	18,151	18,151		21,456
Managing Member [Member]
Distributions to Managing Member		(453)		(906)
Net income		$ 453		$ 906

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Notes Receivable, Net

6 Months Ended

Jun. 30, 2014

Notes Receivable, Net [Abstract]

Notes Receivable, Net

3.  Notes receivable, net:

The Company has had various notes receivable from borrowers who have financed the purchase of equipment through the Company. The notes were secured by the equipment financed. As of June 30, 2014, only one note receivable remained unsettled with a net balance of $427 thousand outstanding. Such note bears an annual interest rate of 8.51% and matures in 2016.

The Company had neither notes in non-accrual status nor impaired notes at both June 30, 2014 and December 31, 2013.

During the first quarter of 2013, the Company realized a $27 thousand gain on the full settlement of an impaired note prior to its scheduled maturity. Such note was originally deemed impaired during the second quarter of 2012, for which the Company recorded a fair value adjustment of $27 thousand to reduce the cost basis of the impaired note. There have been no additional early terminations of notes receivable subsequent to the first quarter of 2013.

As of June 30, 2014, the minimum future payments receivable are as follows (in thousands):

Six months ending December 31, 2014	$	110
Year ending December 31, 2015		166
2016		188
		464
Less: portion representing unearned interest income		(37)
Notes receivable, net	$	427

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Members' Capital (Tables)

6 Months Ended

Jun. 30, 2014

Members' Capital [Abstract]

Distributions to Other Members

Distributions to the Other Members for the three and six months ended June 30, 2014 and 2013 were as follows (in thousands except Units and per Unit data):

		Three Months				Six Months
		Ended June 30,				Ended June 30,
		2014		2013		2014		2013
Distributions declared	$	5,589	$	5,589	$	5,589	$	5,589
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	$	0.40	$	0.40	$	0.40

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Allowance for Credit Losses (Financing Receivables by Credit Quality Indicator and by Class) (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	$ 427	$ 518
Finance Leases	10,215	11,237
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	427	518
Finance Leases	10,215	11,237
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable
Finance Leases
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable
Finance Leases

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Summary of Significant Accounting Policies (Policy)

6 Months Ended

Jun. 30, 2014

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 six months ended June 30, 2014 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 June 30, 2014, 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 six months ended June 30, 2014 and 2013 and long-lived tangible assets as of June 30, 2014 and December 31, 2013 (dollars in thousands):

		Six Months Ended June 30,
		2014	% of Total		2013	% of Total
Revenue
United States	$	6,461	99%	$	8,870	92%
Canada		-	0%		415	4%
United Kingdom		69	1%		355	4%
Total International		69	1%		770	8%
Total	$	6,530	100%	$	9,640	100%
		As of June 30,			As of December 31,
		2014	% of Total		2013	% of Total
Long-lived assets
United States	$	27,811	100%	$	31,509	95%
Canada		-	0%		1,675	5%
United Kingdom		-	0%		23	0%
Total International		-	0%		1,698	5%
Total	$	27,811	100%	$	33,207	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 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 six months ended June 30, 2014 and 2013.

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 June 30, 2014 and December 31, 2013, the Managing Member estimated the fair value of the warrants to be nominal in amount. During the three months ended June 30, 2014, the Company realized gains of $73 thousand on the net exercise of certain warrants. Such amount also represents total gain for the six months ended June 30, 2014. There was no net exercise of warrants during the three and six months ended June 30, 2013.

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 six months ended June 30, 2014 and 2013 (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Change in fair value of interest rate swap contracts	$	-	$	50	$	-	$	76
Foreign currency gain		-		23		1		32
Total	$	-	$	73	$	1	$	108

The Company had no other income or loss, net during the second quarter of 2014 as the Fund’s interest rate swap contracts terminated during the second quarter of 2013; and the leases that required foreign exchange translation transactions terminated during the first quarter of 2014.

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.