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Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Entity Registrant Name	ATEL 12, LLC
Entity Central Index Key	0001394922
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		2,992,482

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Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 1,540	$ 2,340
Accounts receivable, net	39	41
Notes receivable, net	44	309
Investment in securities	272	300
Warrants, fair value	329	327
Investments in equipment and leases, net	3,104	3,780
Prepaid expenses and other assets	29	26
Total assets	5,357	7,123
Accounts payable and accrued liabilities:
Managing Member	46	21
Accrued distributions to Other Members	230	230
Other	248	184
Non-recourse debt	681	1,021
Unearned operating lease income	77	40
Total liabilities	1,282	1,496
Commitments and contingencies
Members' capital:
Managing Member
Other Members	4,075	5,627
Total Members' capital	4,075	5,627
Total liabilities and Members' capital	$ 5,357	$ 7,123

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Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Leasing and lending activities:
Operating leases	$ 379	$ 493	$ 1,285	$ 1,681
Direct financing leases		4	1	27
Interest on notes receivable	2	16	15	58
(Loss) gain on sales of lease assets and early termination of notes	(4)	13	(82)	485
Gain on sales or dispositions of investment in securities	62		62	10
Unrealized (loss) gain on fair value adjustment for warrants		(25)	2	(6)
Other	15	14	121	25
Total revenues	454	515	1,404	2,280
Expenses:
Depreciation of operating lease assets	142	234	409	1,066
Asset management fees to Managing Member	7	13	28	55
Cost reimbursements to Managing Member and/or affiliates	39	51	123	179
Provision for (reversal of) credit losses	1	(19)	2	(8)
Amortization of initial direct costs		1	1	7
Interest expense	4	6	14	24
Professional fees	19	14	111	94
Outside services	3	7	24	26
Taxes on income and franchise fees	4	7	24	57
Other	14	15	37	46
Total expenses	233	329	773	1,546
Net income	221	186	631	734
Net income:
Managing Member	54	55	164	164
Other Members	167	131	467	570
Net income	$ 221	$ 186	$ 631	$ 734
Net income per Limited Liability Company Unit (Other Members)	$ 0.06	$ 0.04	$ 0.16	$ 0.19
Weighted average number of Units outstanding	2,992,482	2,992,482	2,992,482	2,992,482

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Statements of Changes in Members' Capital - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Beginning Balance (in Units)		2,992,482
Beginning Balance		$ 5,627	$ 7,551	$ 7,551
Distributions to Others Members	$ (673)	(2,019)	(2,020)	(2,694)
Distributions to Managing Member		(164)		(218)
Net income	$ 221	$ 631	$ 734	$ 988
Ending Balance (in Units)	2,992,482	2,992,482		2,992,482
Ending Balance	$ 4,075	$ 4,075		$ 5,627
Other Members [Member]
Beginning Balance (in Units)		2,992,482	2,992,482	2,992,482
Beginning Balance		$ 5,627	$ 7,551	$ 7,551
Distributions to Others Members		(2,019)		(2,694)
Net income		$ 467		$ 770
Ending Balance (in Units)	2,992,482	2,992,482		2,992,482
Ending Balance	$ 4,075	$ 4,075		$ 5,627
Managing Member [Member]
Distributions to Managing Member		(164)		(218)
Net income		$ 164		$ 218

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Statements of Changes in Members' Capital (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members, per unit	$ 0.22	$ 0.22	$ 0.67	$ 0.68	$ 0.90

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Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Operating activities:
Net income	$ 221	$ 186	$ 631	$ 734
Adjustment to reconcile net income to cash provided by operating activities:
Loss (gain) on sales of lease assets and early termination of notes	4	(13)	82	(485)
Depreciation of operating lease assets	142	234	409	1,066
Amortization of initial direct costs		1	1	7
Provision for (reversal of) credit losses	1	(19)	2	(8)
Gain on sales or dispositions of investment in securities	(62)		(62)	(10)
Unrealized loss (gain) on fair valuation of warrants		25	(2)	6
Changes in operating assets and liabilities:
Accounts receivable	12	24		160
Prepaid expenses and other assets	(7)	(5)	(3)	1
Accounts payable, Managing Member	56	15	25	36
Accounts payable, other	(4)	(47)	64	(52)
Unearned operating lease income	8	(14)	37	(9)
Net cash provided by operating activities	371	387	1,184	1,446
Investing activities:
Purchase of securities			(9)	(14)
Proceeds from sales of lease assets and early termination of notes	59	139	170	911
Proceeds from sales or dispositions of investment in securities	98		98	10
Principal payments received on direct financing leases	1	25	15	76
Principal payments received on notes receivable	99	102	265	316
Net cash provided by investing activities	257	266	539	1,299
Financing activities:
Repayments under non-recourse debt	(114)	(170)	(340)	(739)
Net cash used in financing activities	(841)	(898)	(2,523)	(2,922)
Net decrease in cash and cash equivalents	(213)	(245)	(800)	(177)
Cash and cash equivalents at beginning of period	1,753	2,345	2,340	2,277
Cash and cash equivalents at end of period	1,540	2,100	1,540	2,100
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	4	7	14	24
Cash paid during the period for taxes			35	40
Other Members [Member]
Operating activities:
Net income			467
Financing activities:
Distributions to Members	(673)	(673)	(2,019)	(2,019)
Schedule of non-cash transactions:
Distributions payable to Members at period-end	230	230	230	230
Managing Member [Member]
Operating activities:
Net income			164
Financing activities:
Distributions to Members	(54)	(55)	(164)	(164)
Schedule of non-cash transactions:
Distributions payable to Members at period-end	$ 19	$ 19	$ 19	$ 19

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Organization and Limited Liability Company Matters

9 Months Ended

Sep. 30, 2016

Organization and Limited Liability Company Matters [Abstract]

Organization and Limited Liability Company Matters

1.  Organization and Limited Liability Company matters:

ATEL 12, LLC (the “Company” or the “Fund”) was formed under the laws of the state of California on January 25, 2007 for the purpose of equipment financing and acquiring equipment to engage in equipment leasing and sales activities, as well as in real estate, growth capital investment activities and green technologies (the “principal operations”). From its inception into the third quarter of 2013, the Company’s Managing Member was ATEL Associates 12, LLC (“AA12”), a Nevada limited liability company. Effective September 30, 2013, AA12 was merged into ATEL Financial Services, LLC (“AFS”) (the “Managing Member” or “Manager”), a California limited liability company, which assumed the role of Managing Member of the Company. The Fund may continue until December 31, 2030. As a limited liability company, the liability of any individual member for the obligations of the Fund is limited to the extent of capital contributions to the Fund by the individual member.

As of September 30, 2016, cumulative contributions, net of rescissions and/or redemptions, totaling $29.9 million (inclusive of the $500 initial Member’s capital investment) have been received and 2,992,482 Units were issued and outstanding.  

The Company is governed by its Operating Agreement, as amended. On January 1, 2016, the Company commenced liquidation phase activities pursuant to the guidelines of the Operating Agreement. Prior thereto, the Company was in its acquisition phase and was making distributions on a monthly and quarterly basis. During the liquidation phase, periodic distributions are paid at the discretion of the Managing Member.

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, 2015, filed with the Securities and Exchange Commission.

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Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2.  Summary of significant accounting policies:

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for the full year. Certain prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results from 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 Company has reviewed, as determined necessary by the Managing Member, events that have occurred after September 30, 2016, up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements.

Use of estimates:

The preparation of the 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 the 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 reserve for credit losses on notes receivable.

Segment reporting:

The Company is organized into one operating segment 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 sought leasing opportunities were North America and Europe. For the nine months ended September 30, 2016 and 2015, and as of September 30, 2016 and December 31, 2015,  100% of the Company’s operating revenues and long-lived assets relate to customers domiciled in North America.

Accounts receivable

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

Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received.

Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases and notes receivable are applied only against outstanding principal balances.

Financing receivables

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

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

underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.

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

Investment in securities:

Purchased securities

Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three and nine months ended September 30, 2016 and 2015. Purchased securities totaled $272 thousand and $300thousand at September 30, 2016 and December 31, 2015, respectively. The Company recognized gains of $62 thousand on the disposition of securities during the three months ended September 30, 2016. The Company did not recognize any gains or losses in the three months ended September 30, 2015. The Company recognized gains of $62 thousand and $10 thousand on the disposition of securities during the nine months ended September 30, 2016 and 2015, respectively.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are reflected at an estimated fair value on the balance sheet as determined by the Managing Member. During the nine months ended September 30, 2016, the Company recorded unrealized gains of $2 thousand, on fair valuation of its warrants. The Company did not reflect unrealized gains or losses in the three months ended September 30, 2016. By comparison, during the prior year three and nine month periods, the Company recorded unrealized losses of $25 thousand and $6thousand, respectively. As of September 30, 2016 and December 31, 2015, the estimated fair value of the Company’s portfolio of warrants amounted to $329 thousand and $327 thousand, respectively. There were no exercises of warrants, net or otherwise, during the three and nine months ended September 30, 2016 and 2015.

Per Unit data:

The Company issues only one class of Units, none of which are considered dilutive. Net income and distributions per Unit are based upon the weighted average number of Other Members Units outstanding during the period.

Fair Value Measurement:

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’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.

Recent accounting pronouncements

In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-15 —Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”).  ASU 2016-15 addresses specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the standard and its impact on operations and financial reporting.

In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) (“ASU 2016-13”). The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financialinstruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this Update replace the incurred loss impairment methodology in current GAAP with amethodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. Management is currently evaluating the standard and its operational and related disclosure requirements.

In February 2016, theFASB issued Accounting Standards Update 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new standard will require lessees to recognize lease assets and lease liabilities arising from operating leases with lease terms greater than 12 months in the statement of financial position. Lessor accounting per ASU 2016-02 is mostly unchanged from the previous lease accounting GAAP. Certain changes were made to the lessor accounting guidance in order to align the lessor accounting with the lessee accounting model and Topic 606,Revenue from Contracts with Customers. Similar to the previous guidance, lessors will classify leases as operating, direct financing, or sales-type. Lessors in operating leases will continue to recognize the underlying asset and recognize income on a straight-line basis. Lessors determine whether a lease is a sale of the underlying asset based on whether the lessee effectively obtains control of the underlying assets. ASU-2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the standard and its operational and related disclosure requirements.

In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). The new standard provides guidance related to accounting for equity investments and financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, FASB clarified guidance related to thevaluation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the standard and its operational and related disclosure requirements.

In August 2014, the FASB issued Accounting Standards Update 2014-15, Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU-2014-15”). The new standard provides guidance relative to management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. Management does not expect the adoption of ASU 2014-15 to have a material impact on the Company’s financial statements or related disclosures.

In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 by one year and in August 2015, issued Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU 2015-14”). ASU 2015-14 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company evaluated the impact of the new standard on its financial statements and has determined that such impact is virtually non-existent as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues.

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Notes Receivable, Net

9 Months Ended

Sep. 30, 2016

Notes Receivable, Net [Abstract]

Notes Receivable, Net

3.  Notes receivable, net:

The Company has various notes receivable from borrowers who have financed the purchase of equipment through the Company. At September 30, 2016, the terms of the notes receivable are 36 months and bear interest at rates ranging from 11.88% to 14.30% per annum. The notes are generally secured by the equipment financed and have maturity dates ranging from 2016 through 2017. The Company had neither notes in non-accrual status nor impaired notes at both September 30, 2016 and December 31, 2015.

As of September 30, 2016, the minimum future payments receivable are as follows (in thousands):

Three months ending December 31, 2016	$	44
Less: portion representing unearned interest income		-
Notes receivable, net	$	44

IDC (Initial Direct Costs) amortization expense related to the Company’s notes receivable totaled $1 thousand and $2 thousand for the nine months ended September 30, 2016 and 2015, respectively. There was no IDC amortization expense during the three months ended September 30, 2016 and 2015.

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Allowance for Credit Losses

9 Months Ended

Sep. 30, 2016

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
		Notes Receivable		Finance Leases		Operating Leases		Notes Receivable		Finance Leases		for Credit Losses
Balance December 31, 2014	$	-	$	1	$	14	$	-	$	-	$	15
Reversal of provision for credit losses		-		(1)		(11)		-		-		(12)
Balance December 31, 2015		-		-		3		-		-		3
Provision for (reversal of) credit losses		-		3		(1)		-		-		2
Balance September 30, 2016	$	-	$	3	$	2	$	-	$	-	$	5

The Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables as of September 30, 2016 and December 31, 2015 were as follows (in thousands):

September 30, 2016		Notes Receivable			Finance Leases		Total
Allowance for credit losses:
Ending balance	$	-		$	-	$	-
Ending balance: individually evaluated for impairment	$	-		$	-	$	-
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
Financing receivables:
Ending balance	$	44		$	2	$	46
Ending balance: individually evaluated for impairment	$	44		$	2	$	46
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
December 31, 2015		Notes Receivable			Finance Leases		Total
Allowance for credit losses:
Ending balance	$	-		$	-	$	-
Ending balance: individually evaluated for impairment	$	-		$	-	$	-
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
Financing receivables:
Ending balance	$	309	1	$	17	$	326
Ending balance: individually evaluated for impairment	$	309		$	17	$	326
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
1Includes $1 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 September 30, 2016 and December 31, 2015, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

		Notes Receivable				Finance Leases
		September 30, 2016		December 31, 2015		September 30, 2016		December 31, 2015
Pass	$	44	$	308	$	2	$	17
Special mention		-		-		-		-
Substandard		-		-		-		-
Doubtful		-		-		-		-
Total	$	44	$	308	$	2	$	17

At September 30, 2016 and December 31, 2015, investment in financing receivables is aged as follows (in thousands):

September 30, 2016		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	$	-	$	-	$	-	$	-	$	44	$	44	$	-
Finance leases		-		-		2		2		-		2		2
Total	$	-	$	-	$	2	$	2	$	44	$	46	$	2

December 31, 2015		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	$	-	$	-	$	-	$	-	$	308	$	308	$	-
Finance leases		-		-		5		5		12		17		5
Total	$	-	$	-	$	5	$	5	$	320	$	325	$	5

The Company had neither financing receivables in non-accrual status nor impaired financing receivables at both September 30, 2016 and December 31, 2015. As of the same respective dates, 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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Investments in Equipment and Leases, Net

9 Months Ended

Sep. 30, 2016

Investments in Equipment and Leases, Net [Abstract]

Investments in Equipment and Leases, Net

5.  Investments in equipment and leases, net:

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

		Balance December 31, 2015		Reclassifications, Additions/ Dispositions and Impairment Losses		Depreciation/ Amortization Expense or Amortization of Leases		Balance September 30, 2016
Net investment in operating leases	$	3,499	$	(346)	$	(409)	$	2,744
Net investment in direct financing leases		17		-		(15)		2
Assets held for sale or lease, net		262		94		-		356
Initial direct costs, net of accumulated    amortization of $3 at September 30, 2016    and $3 at December 31, 2015		2		-		-		2
Total	$	3,780	$	(252)	$	(424)	$	3,104

Impairment of investments in leases:

Recorded values of the Company’s leased asset portfolio are reviewed each quarter to confirm the reasonableness of established residual values and to determine whether there is indication that an asset impairment might have taken place. The Company uses a variety of sources and considers many factors in evaluating whether the respective book values of its assets are appropriate. In addition, the Company may direct a residual value review at any time if it becomes aware of issues regarding the ability of a lessee to continue to make payments on its lease contract. An impairment loss is measured and recognized only if the estimated undiscounted future cash flows of the asset are less than their net book value. The estimated undiscounted future cash flows are the sum of the residual value of the asset at the end of the asset’s lease contract and undiscounted future rents from the existing lease contract, if any. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the marketplace are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date. Upward adjustments for impairments recognized in prior periods are not made in any circumstances. As a result of these reviews, management determined that no impairment losses existed during the three and nine months ended September 30, 2016 and 2015.

The Company utilizes a straight line depreciation method over the term of the equipment for equipment on operating leases currently in its portfolio. Depreciation expense on the Company’s equipment totaled $142 thousand and $234 thousand for the respective three months ended September 30, 2016 and 2015 and was $409 thousand and $1.1million for the respective nine months ended September 30, 2016 and 2015.

IDC (Initial Direct Costs) amortization expense related to the Company’s operating and direct financing leases was $1 thousand for the three months ended September 30, 2015, and $5 thousand for the nine months ended September 30, 2015. There was no IDC amortization expense related to the Company’s operating and direct finance leases during the three and nine months ended September 30, 2016.

All of the Company’s leased property was acquired in the years 2008 through 2013.

Operating leases:

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

		Balance December 31, 2015		Additions		Reclassifications or Dispositions		Balance September 30, 2016
Transportation	$	4,866	$	-	$	(903)	$	3,963
Construction		2,740		-		-		2,740
Aviation		2,167		-		-		2,167
Materials handling		916		-		(545)		371
Manufacturing		664		-		-		664
Computer		87		-		-		87
Other		1		-		-		1
		11,441		-		(1,448)		9,993
Less accumulated depreciation		(7,942)		(409)		1,102		(7,249)
Total	$	3,499	$	(409)	$	(346)	$	2,744

The average estimated residual value for assets on operating leases was 19% and 22% of the assets’ original cost at September 30, 2016 and December 31, 2015, respectively. There were no operating leases in non-accrual status at September 30, 2016 and December 31, 2015.

Direct financing leases:

As of September 30, 2016 and December 31, 2015, investment in direct financing leases consists of materials handling equipment. The components of the Company’s investment in direct financing leases as of September 30, 2016 and December 31, 2015 are as follows (in thousands):

		September 30, 2016		December 31, 2015
Total minimum lease payments receivable	$	2	$	18
Estimated residual values of leased     equipment (unguaranteed)		-		1
Investment in direct financing leases		2		19
Less unearned income		-		(2)
Net investment in direct financing leases	$	2	$	17

There were no investments in direct financing leases in non-accrual status at September 30, 2016 and December 31, 2015.

At September 30, 2016, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases		Direct Financing Leases		Total
Three months ending December 31, 2016	$	215	$	1	$	216
Year ending December 31, 2017		818		1		819
2018		311		-		311
	$	1,344	$	2	$	1,346

The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of September 30, 2016, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Aviation	15-20
Manufacturing	10-15
Construction	7-10
Materials handling	7-10
Transportation	7-10
Computer	3-5

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Related Party Transactions

9 Months Ended

Sep. 30, 2016

Related Party Transactions [Abstract]

Related Party Transactions

6.  Related party transactions:

The terms of the Operating Agreement provide that the Managing Member 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 Managing Member and/or affiliates for providing administrative services to the Company. Administrative services provided include Company accounting, investor relations, legal counsel and lease and equipment documentation. The Managing Member is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of investments. The Company would be liable for certain future costs to be incurred by the Managing Member to manage the administrative services provided to the Company.

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

Cost reimbursements to the Managing Member or its affiliates are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred. The Managing Member believes that the costs reimbursed are the lower of (i) actual costs incurred on behalf of the Company or (ii) the amount the Company would be required to pay independent parties for comparable administrative services in the same geographic location.

During the three and nine months ended September 30, 2016 and 2015, the Managing Member and/or affiliates earned fees and billed for reimbursements of costs and expenses pursuant to the Operating Agreement are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016			2015
Administrative costs reimbursed to Managing Member and/or affiliates	$	39	$	51	$	123	$	179
Asset management fees to Managing Member		7		13		28		55
	$	46	$	64	$	151	$	234

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Non-Recourse Debt

9 Months Ended

Sep. 30, 2016

Non-Recourse Debt [Abstract]

Non-Recourse Debt

7.  Non-recourse debt:

At September 30, 2016, 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 1.97% to 2.39% per annum. The notes are secured by assignments of lease payments and pledges of assets. At September 30, 2016, gross lease rentals totaled $699 thousand over the remaining lease terms, and the carrying value of the pledged assets is $1.4 million. The notes mature at various dates from 2017 through 2018.

The non-recourse debt does not contain any material financial covenants. The debt is secured by liens granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders have recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation is payable solely out of the respective specific security and the Company does not guarantee (nor is the Company otherwise contractually responsible for) the payment of the non-recourse debt as a general obligation or liability of the Company. Although the Company does not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company is directly and generally liable and responsible for certain representations, warranties, and covenants made to the lenders, such as warranties as to genuineness of the transaction parties' signatures, as to the genuineness of the respective lease chattel paper or the transaction as a whole, or as to the Company's good title to or perfected interest in the secured collateral, as well as similar representations, warranties and covenants typically provided by non-recourse borrowers and customary in the equipment finance industry, and are viewed by such industry as being consistent with non-recourse discount financing obligations. Accordingly, as there are no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company has determined that there are no material covenants with respect to the non-recourse debt that warrant footnote disclosure.

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

		Principal		Interest		Total
Three months ending December 31, 2016	$	114	$	3	$	117
Year ending December 31, 2017		464		7		471
2018		103		1		104
	$	681	$	11	$	692

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Commitments

9 Months Ended

Sep. 30, 2016

Commitments [Abstract]

Commitments

8.  Commitments:

At September 30, 2016, the Company had no commitments to purchase lease assets or fund investments in notes receivable.

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Members' Capital

9 Months Ended

Sep. 30, 2016

Members' Capital [Abstract]

Members' Capital

9.  Members’ capital:

A total of 2,992,482 Units were issued and outstanding at both September 30, 2016 and December 31, 2015. The Fund was authorized to issue up to 20,000,000 total Units.

Fund distributions are to be allocated 7.5% to the Managing Member and 92.5% to the Other Members. Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
		2016		2015		2016		2015
Distributions	$	673	$	673	$	2,019	$	2,020
Weighted average number of Units outstanding		2,992,482		2,992,482		2,992,482		2,992,482
Weighted average distributions per Unit	$	0.22	$	0.22	$	0.67	$	0.68

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Fair Value Measurements

9 Months Ended

Sep. 30, 2016

Fair Value Measurements [Abstract]

Fair Value Measurements

10.  Fair value measurements:

At September 30, 2016 and December 31, 2015, only the Company’s warrants were measured on a recurring basis.

As of September 30, 2016, the Company had no assets or liabilities measured on a non-recurring basis. By comparison, certain investment securities deemed impaired were measured on a non-recurring basis as of December 31, 2015.

The fair value adjustments utilized the following methodology:

Warrants (recurring)

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried on the balance sheet at an estimated fair value at the end of the period. The valuation of the warrants was determined using aBlack-Scholes formulation of value based upon the stock price(s), the exercise price(s), the volatility of comparable venture companies, and a risk free interest rate for the term(s) of the warrant exercise(s). As of September 30, 2016 andDecember 31, 2015, the calculated fair values of the Fund’s warrant portfolio are$329 thousand and $327 thousand, respectively. Such valuations are classified within Level 3 of the valuation hierarchy.

The fair value of warrants that were accounted for on a recurring basis as of the three and nine months ended September 30, 2016 and 2015 and classified as level 3 are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
		2016		2015		2016		2015
Fair value of warrants at beginning of period	$	329	$	412	$	327	$	393
Unrealized loss on fair valuation of warrants		-		(25)		2		(6)
Fair value of warrants at end of period	$	329	$	387	$	329	$	387

Impaired investment securities (non-recurring)

The Company’s investment securities are not registered for public sale and are carried at cost. The investment securities are adjusted for impairment, if any, based upon factors which include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital.

The Company did not record any non-recurring fair value adjustments on any investment securities during the first three and nine months of 2016. During 2015, the Company recorded a fair value adjustment of $6 thousand to reduce the cost basis of an impaired investment security. The reduction in value was based on a market approach technique and uses inputs that reflect qualitative and quantitative information provided by the management of the investee. Such information indicated reduced growth opportunity and eventual reduction in cash flows and revenues. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the aforementioned impaired investment securities were classified within Level 3 of the valuation hierarchy.

The following tables present 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 December 31, 2015 (in thousands):

		December 31, 2015		Level 1 Estimated Fair Value		Level 2 Estimated Fair Value		Level 3 Estimated Fair Value
Impaired investment securities	$	4	$	-	$	-	$	4

The following tables summarize the valuation techniques and significant unobservable inputs used for the Company’s recurring and non-recurring fair value calculation categorized as Level 3 in the fair value hierarchy at September 30, 2016 and December 31, 2015:

September 30, 2016
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.10 - $25.76
			Exercise price	$0.14 - $25.76
			Time to maturity (in years)	0.38 - 7.25
			Risk-free interest rate	0.40% - 1.44%
			Annualized volatility	100.00%
December 31, 2015
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.10 - $25.76
			Exercise price	$0.14 - $25.76
			Time to maturity (in years)	1.13 - 7.84
			Risk-free interest rate	0.72% - 2.14%
			Annualized volatility	100.00%
Investment Securities	Non-recurring	Market Approach	Qualitative and quantitative information     (Investee management)	Not Applicable

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. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize or has realized in a current market exchange. 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 estimated fair values of the Company’s financial instruments in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification at September 30, 2016 and December 31, 2015 (in thousands):

		Fair Value Measurements at September 30, 2016
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,540	$	1,540	$	-	$	-	$	1,540
Notes receivable, net		44		-		-		44		44
Investment in securities		272		-		-		272		272
Warrants, fair value		329		-		-		329		329
Financial liabilities:
Non-recourse debt		681		-		-		681		681
		Fair Value Measurements at December 31, 2015
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	2,340	$	2,340	$	-	$	-	$	2,340
Notes receivable, net		309		-		-		309		309
Investment in securities		300		-		-		300		300
Warrants, fair value		327		-		-		327		327
Financial liabilities:
Non-recourse debt		1,021		-		-		1,017		1,017

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Summary of Significant Accounting Policies (Policy)

9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of presentation:

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for the full year. Certain prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results from 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 Company has reviewed, as determined necessary by the Managing Member, events that have occurred after September 30, 2016, up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements.

Use of Estimates

Use of estimates:

The preparation of the 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 the 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 reserve for credit losses on notes receivable.

Segment Reporting

Segment reporting:

The Company is organized into one operating segment 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 sought leasing opportunities were North America and Europe. For the nine months ended September 30, 2016 and 2015, and as of September 30, 2016 and December 31, 2015,  100% of the Company’s operating revenues and long-lived assets relate to customers domiciled in North America.

Accounts Receivable

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

Financing receivables

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

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

underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.

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

Investment in Securities

Investment in securities:

Purchased securities

Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three and nine months ended September 30, 2016 and 2015. Purchased securities totaled $272 thousand and $300thousand at September 30, 2016 and December 31, 2015, respectively. The Company recognized gains of $62 thousand on the disposition of securities during the three months ended September 30, 2016. The Company did not recognize any gains or losses in the three months ended September 30, 2015. The Company recognized gains of $62 thousand and $10 thousand on the disposition of securities during the nine months ended September 30, 2016 and 2015, respectively.

Warrants

Warrants owned by the Company are not registered for public sale, but are considered derivatives and are reflected at an estimated fair value on the balance sheet as determined by the Managing Member. During the nine months ended September 30, 2016, the Company recorded unrealized gains of $2 thousand, on fair valuation of its warrants. The Company did not reflect unrealized gains or losses in the three months ended September 30, 2016. By comparison, during the prior year three and nine month periods, the Company recorded unrealized losses of $25 thousand and $6thousand, respectively. As of September 30, 2016 and December 31, 2015, the estimated fair value of the Company’s portfolio of warrants amounted to $329 thousand and $327 thousand, respectively. There were no exercises of warrants, net or otherwise, during the three and nine months ended September 30, 2016 and 2015.

Per Unit Data

Per Unit data:

The Company issues only one class of Units, none of which are considered dilutive. Net income and distributions per Unit are based upon the weighted average number of Other Members Units outstanding during the period.

Fair Value Measurement:

Fair Value Measurement:

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’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.

Recent Accounting Pronouncements

Recent accounting pronouncements

In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-15 —Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”).  ASU 2016-15 addresses specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the standard and its impact on operations and financial reporting.

In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) (“ASU 2016-13”). The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financialinstruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this Update replace the incurred loss impairment methodology in current GAAP with amethodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. Management is currently evaluating the standard and its operational and related disclosure requirements.

In February 2016, theFASB issued Accounting Standards Update 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new standard will require lessees to recognize lease assets and lease liabilities arising from operating leases with lease terms greater than 12 months in the statement of financial position. Lessor accounting per ASU 2016-02 is mostly unchanged from the previous lease accounting GAAP. Certain changes were made to the lessor accounting guidance in order to align the lessor accounting with the lessee accounting model and Topic 606,Revenue from Contracts with Customers. Similar to the previous guidance, lessors will classify leases as operating, direct financing, or sales-type. Lessors in operating leases will continue to recognize the underlying asset and recognize income on a straight-line basis. Lessors determine whether a lease is a sale of the underlying asset based on whether the lessee effectively obtains control of the underlying assets. ASU-2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the standard and its operational and related disclosure requirements.

In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). The new standard provides guidance related to accounting for equity investments and financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, FASB clarified guidance related to thevaluation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the standard and its operational and related disclosure requirements.

In August 2014, the FASB issued Accounting Standards Update 2014-15, Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU-2014-15”). The new standard provides guidance relative to management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. Management does not expect the adoption of ASU 2014-15 to have a material impact on the Company’s financial statements or related disclosures.

In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 by one year and in August 2015, issued Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU 2015-14”). ASU 2015-14 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company evaluated the impact of the new standard on its financial statements and has determined that such impact is virtually non-existent as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues.

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Notes Receivable, Net (Tables)

9 Months Ended

Sep. 30, 2016

Notes Receivable, Net [Abstract]

Minimum Future Payments Receivable

As of September 30, 2016, the minimum future payments receivable are as follows (in thousands):

Three months ending December 31, 2016	$	44
Less: portion representing unearned interest income		-
Notes receivable, net	$	44

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Allowance for Credit Losses (Tables)

9 Months Ended

Sep. 30, 2016

Allowance for Credit Losses [Abstract]

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
		Notes Receivable		Finance Leases		Operating Leases		Notes Receivable		Finance Leases		for Credit Losses
Balance December 31, 2014	$	-	$	1	$	14	$	-	$	-	$	15
Reversal of provision for credit losses		-		(1)		(11)		-		-		(12)
Balance December 31, 2015		-		-		3		-		-		3
Provision for (reversal of) credit losses		-		3		(1)		-		-		2
Balance September 30, 2016	$	-	$	3	$	2	$	-	$	-	$	5

Allowance for Credit Losses and Recorded Investment in Financing Receivables

The Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables as of September 30, 2016 and December 31, 2015 were as follows (in thousands):

September 30, 2016		Notes Receivable			Finance Leases		Total
Allowance for credit losses:
Ending balance	$	-		$	-	$	-
Ending balance: individually evaluated for impairment	$	-		$	-	$	-
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
Financing receivables:
Ending balance	$	44		$	2	$	46
Ending balance: individually evaluated for impairment	$	44		$	2	$	46
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
December 31, 2015		Notes Receivable			Finance Leases		Total
Allowance for credit losses:
Ending balance	$	-		$	-	$	-
Ending balance: individually evaluated for impairment	$	-		$	-	$	-
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
Financing receivables:
Ending balance	$	309	1	$	17	$	326
Ending balance: individually evaluated for impairment	$	309		$	17	$	326
Ending balance: collectively evaluated for impairment	$	-		$	-	$	-
1Includes $1 of unamortized initial direct costs.

Financing Receivables by Credit Quality Indicator and Class

At September 30, 2016 and December 31, 2015, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):

		Notes Receivable				Finance Leases
		September 30, 2016		December 31, 2015		September 30, 2016		December 31, 2015
Pass	$	44	$	308	$	2	$	17
Special mention		-		-		-		-
Substandard		-		-		-		-
Doubtful		-		-		-		-
Total	$	44	$	308	$	2	$	17

Net Investments in Financing Receivables by Age

At September 30, 2016 and December 31, 2015, investment in financing receivables is aged as follows (in thousands):

September 30, 2016		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	$	-	$	-	$	-	$	-	$	44	$	44	$	-
Finance leases		-		-		2		2		-		2		2
Total	$	-	$	-	$	2	$	2	$	44	$	46	$	2

December 31, 2015		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	$	-	$	-	$	-	$	-	$	308	$	308	$	-
Finance leases		-		-		5		5		12		17		5
Total	$	-	$	-	$	5	$	5	$	320	$	325	$	5

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Investments in Equipment and Leases, Net (Tables)

9 Months Ended

Sep. 30, 2016

Investments in Equipment and Leases, Net [Abstract]

Investment in Leases

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

		Balance December 31, 2015		Reclassifications, Additions/ Dispositions and Impairment Losses		Depreciation/ Amortization Expense or Amortization of Leases		Balance September 30, 2016
Net investment in operating leases	$	3,499	$	(346)	$	(409)	$	2,744
Net investment in direct financing leases		17		-		(15)		2
Assets held for sale or lease, net		262		94		-		356
Initial direct costs, net of accumulated    amortization of $3 at September 30, 2016    and $3 at December 31, 2015		2		-		-		2
Total	$	3,780	$	(252)	$	(424)	$	3,104

Property on Operating Leases

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

		Balance December 31, 2015		Additions		Reclassifications or Dispositions		Balance September 30, 2016
Transportation	$	4,866	$	-	$	(903)	$	3,963
Construction		2,740		-		-		2,740
Aviation		2,167		-		-		2,167
Materials handling		916		-		(545)		371
Manufacturing		664		-		-		664
Computer		87		-		-		87
Other		1		-		-		1
		11,441		-		(1,448)		9,993
Less accumulated depreciation		(7,942)		(409)		1,102		(7,249)
Total	$	3,499	$	(409)	$	(346)	$	2,744

Components of Company's Investment in Direct Financing Leases

The components of the Company’s investment in direct financing leases as of September 30, 2016 and December 31, 2015 are as follows (in thousands):

		September 30, 2016		December 31, 2015
Total minimum lease payments receivable	$	2	$	18
Estimated residual values of leased     equipment (unguaranteed)		-		1
Investment in direct financing leases		2		19
Less unearned income		-		(2)
Net investment in direct financing leases	$	2	$	17

Future Minimum Lease Payments Receivable

At September 30, 2016, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):

		Operating Leases		Direct Financing Leases		Total
Three months ending December 31, 2016	$	215	$	1	$	216
Year ending December 31, 2017		818		1		819
2018		311		-		311
	$	1,344	$	2	$	1,346

Schedule of Useful Lives of Assets

As of September 30, 2016, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):

Equipment category	Useful Life
Aviation	15-20
Manufacturing	10-15
Construction	7-10
Materials handling	7-10
Transportation	7-10
Computer	3-5

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Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2016

Related Party Transactions [Abstract]

Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement

During the three and nine months ended September 30, 2016 and 2015, the Managing Member and/or affiliates earned fees and billed for reimbursements of costs and expenses pursuant to the Operating Agreement are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016			2015
Administrative costs reimbursed to Managing Member and/or affiliates	$	39	$	51	$	123	$	179
Asset management fees to Managing Member		7		13		28		55
	$	46	$	64	$	151	$	234

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Non-Recourse Debt (Tables)

9 Months Ended

Sep. 30, 2016

Non-Recourse Debt [Abstract]

Future Minimum Payments of Non-Recourse Debt

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

		Principal		Interest		Total
Three months ending December 31, 2016	$	114	$	3	$	117
Year ending December 31, 2017		464		7		471
2018		103		1		104
	$	681	$	11	$	692

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Members' Capital (Tables)

9 Months Ended

Sep. 30, 2016

Members' Capital [Abstract]

Distributions to Other Members

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
		2016		2015		2016		2015
Distributions	$	673	$	673	$	2,019	$	2,020
Weighted average number of Units outstanding		2,992,482		2,992,482		2,992,482		2,992,482
Weighted average distributions per Unit	$	0.22	$	0.22	$	0.67	$	0.68

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Measurements [Abstract]

Reconciliation of Level 3 Assets

The fair value of warrants that were accounted for on a recurring basis as of the three and nine months ended September 30, 2016 and 2015 and classified as level 3 are as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
		2016		2015		2016		2015
Fair value of warrants at beginning of period	$	329	$	412	$	327	$	393
Unrealized loss on fair valuation of warrants		-		(25)		2		(6)
Fair value of warrants at end of period	$	329	$	387	$	329	$	387

Fair Value Measurement of Impaired Assets at Fair Value on Non-recurring Basis

The following tables present 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 December 31, 2015 (in thousands):

		December 31, 2015		Level 1 Estimated Fair Value		Level 2 Estimated Fair Value		Level 3 Estimated Fair Value
Impaired investment securities	$	4	$	-	$	-	$	4

Summary of Valuation Techniques and Significant Unobservable Inputs Used

The following tables summarize the valuation techniques and significant unobservable inputs used for the Company’s recurring and non-recurring fair value calculation categorized as Level 3 in the fair value hierarchy at September 30, 2016 and December 31, 2015:

September 30, 2016
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.10 - $25.76
			Exercise price	$0.14 - $25.76
			Time to maturity (in years)	0.38 - 7.25
			Risk-free interest rate	0.40% - 1.44%
			Annualized volatility	100.00%
December 31, 2015
	Valuation	Valuation	Unobservable	Range of
Name	Frequency	Technique	Inputs	Input Values
Warrants	Recurring	Black-Scholes formulation	Stock price	$0.10 - $25.76
			Exercise price	$0.14 - $25.76
			Time to maturity (in years)	1.13 - 7.84
			Risk-free interest rate	0.72% - 2.14%
			Annualized volatility	100.00%
Investment Securities	Non-recurring	Market Approach	Qualitative and quantitative information     (Investee management)	Not Applicable

Estimated Fair Values of Financial Instruments

The following tables present estimated fair values of the Company’s financial instruments in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification at September 30, 2016 and December 31, 2015 (in thousands):

		Fair Value Measurements at September 30, 2016
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,540	$	1,540	$	-	$	-	$	1,540
Notes receivable, net		44		-		-		44		44
Investment in securities		272		-		-		272		272
Warrants, fair value		329		-		-		329		329
Financial liabilities:
Non-recourse debt		681		-		-		681		681
		Fair Value Measurements at December 31, 2015
		Carrying Value		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	2,340	$	2,340	$	-	$	-	$	2,340
Notes receivable, net		309		-		-		309		309
Investment in securities		300		-		-		300		300
Warrants, fair value		327		-		-		327		327
Financial liabilities:
Non-recourse debt		1,021		-		-		1,017		1,017

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Organization and Limited Liability Company Matters (Narrative) (Details) - USD ($)	116 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Partnership termination date	Dec. 31, 2030
Contributions received, net of rescissions and/or redemptions	$ 29,900,000
Units issued	2,992,482	2,992,482
Units outstanding	2,992,482	2,992,482
Managing Member [Member]
Contributions of capital	$ 500

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Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2016 USD ($) segment	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Summary of Significant Accounting Policies [Line Items]
Warrants, fair value	$ 329		$ 329		$ 327
Number of operating segments | segment			1
Number of reportable segments | segment			1
Gain on sales or dispositions of investment in securities	62		$ 62	$ 10
Investment in securities	272		272		$ 300
Unrealized (loss) gain on fair value adjustment for warrants		$ (25)	2	(6)
Exercises of warrants	$ 0	$ 0	$ 0	$ 0
Operating Revenues [Member]
Summary of Significant Accounting Policies [Line Items]
Percentage of concentration risk from customers domiciled in North America	100.00%	100.00%	100.00%	100.00%	100.00%

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Notes Receivable, Net (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable			36 months
Amortization of initial direct costs		$ 1	$ 1	$ 7
Minimum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Notes receivable, interest rate	11.88%		11.88%
Notes maturity period			2016
Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Notes receivable, interest rate	14.30%		14.30%
Notes maturity period			2017
Notes Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amortization of initial direct costs	$ 0	$ 0	$ 1	$ 2

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Notes Receivable, Net (Minimum Future Payments Receivable) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Notes Receivable, Net [Abstract]
Three months ending December 31, 2016	$ 44
Less: portion representing unearned interest income
Notes receivable, net	$ 44	$ 309

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Allowance for Credit Losses (Narrative) (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Minimum [Member]
Lease or note receivable, period for non accrual status	90 days	90 days

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Allowance for Credit Losses (Activity in Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance			$ 3	$ 15	$ 15
Provision for (reversal of) credit losses	$ 1	$ (19)	2	(8)	(12)
Ending Balance	5		5		3
Operating Leases [Member] | Allowance for Doubtful Accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance			3	14	14
Provision for (reversal of) credit losses			(1)		(11)
Ending Balance	2		2		3
Finance Leases [Member] | Allowance for Doubtful Accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance				$ 1	1
Provision for (reversal of) credit losses			3		$ (1)
Ending Balance	$ 3		$ 3

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Allowance for Credit Losses (Recorded Investment in Financing Receivables) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Allowances for credit losses:
Ending balance: collectively evaluated for impairment
Financing receivables:
Ending balance	46	326
Ending balance: individually evaluated for impairment	46	326
Ending balance: collectively evaluated for impairment
Notes Receivable [Member]
Allowances for credit losses:
Ending balance: collectively evaluated for impairment
Financing receivables:
Ending balance	44	309	[1]
Ending balance: individually evaluated for impairment	44	309
Ending balance: collectively evaluated for impairment
Notes receivable unamortized initial direct cost		1
Finance Leases [Member]
Allowances for credit losses:
Ending balance: collectively evaluated for impairment
Financing receivables:
Ending balance	2	17
Ending balance: individually evaluated for impairment	2	17
Ending balance: collectively evaluated for impairment

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

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Allowance for Credit Losses (Financing Receivables by Credit Quality Indicator and Class) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	$ 2	$ 17
Notes Receivable	44	308
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	2	17
Notes Receivable	44	308
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases
Notes Receivable
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases
Notes Receivable
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases
Notes Receivable

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Allowance for Credit Losses (Net Investment in Financing Receivables by Age) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 2	$ 5
Current	44	320
Total Financing Receivable	46	325
Recorded Investment > 90 Days and Accruing	2	5
31-60 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
61-90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
Greater Than 90 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	2	5
Notes Receivable [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
Current	44	308
Total Financing Receivable	44	308
Recorded Investment > 90 Days and Accruing
Notes Receivable [Member] | 31-60 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
Notes Receivable [Member] | 61-90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
Notes Receivable [Member] | Greater Than 90 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
Finance Leases [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	2	5
Current		12
Total Financing Receivable	2	17
Recorded Investment > 90 Days and Accruing	2	5
Finance Leases [Member] | 31-60 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
Finance Leases [Member] | 61-90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due
Finance Leases [Member] | Greater Than 90 Days [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total Past Due	$ 2	$ 5

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Investments in Equipment and Leases, Net (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Initial Direct Costs Notes Receivable And Lease Assets [Line Items]
Depreciation of operating lease assets	$ 142	$ 234	$ 409	$ 1,066
Average estimated residual value for assets on operating leases	19.00%		19.00%		22.00%
Amortization of initial direct costs		1	$ 1	7
Lease Assets [Member]
Initial Direct Costs Notes Receivable And Lease Assets [Line Items]
Amortization of initial direct costs	$ 0	$ 1	$ 0	$ 5

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Investments in Equipment and Leases, Net (Investment in Leases) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Leases Disclosure [Line Items]
Balance December 31, 2015	$ 3,780
Reclassifications, Additions/Dispositions and Impairment Losses	(252)
Depreciation/Amortization Expense or Amortization of Leases	(424)
Balance September 30, 2016	3,104
Initial direct costs, accumulated amortization	3	$ 3
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2015	3,499
Reclassifications, Additions/Dispositions and Impairment Losses	(346)
Depreciation/Amortization Expense or Amortization of Leases	(409)
Balance September 30, 2016	2,744
Direct Financing Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2015	17
Depreciation/Amortization Expense or Amortization of Leases	(15)
Balance September 30, 2016	2
Assets Held-for-sale [Member]
Leases Disclosure [Line Items]
Balance December 31, 2015	262
Reclassifications, Additions/Dispositions and Impairment Losses	94
Balance September 30, 2016	356
Initial Direct Cost
Leases Disclosure [Line Items]
Balance December 31, 2015	2
Balance September 30, 2016	$ 2

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Investments in Equipment and Leases, Net (Property on Operating Leases) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	$ 9,993	$ 11,441
Less accumulated depreciation	(7,249)	(7,942)
Property on operating leases, net	2,744	3,499
Additions, gross
Additions, less accumulated depreciation	(409)
Additions, net	(409)
Reclassifications or dispositions, gross	(1,448)
Reclassifications or dispositions, less accumulated depreciation	1,102
Reclassifications or dispositions, net	(346)
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	3,963	4,866
Additions, gross
Reclassifications or dispositions, gross	(903)
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,740	2,740
Additions, gross
Reclassifications or dispositions, gross
Aviation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,167	2,167
Additions, gross
Reclassifications or dispositions, gross
Manufacturing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	664	664
Additions, gross
Reclassifications or dispositions, gross
Materials Handling [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	371	916
Additions, gross
Reclassifications or dispositions, gross	(545)
Computer [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	87	87
Additions, gross
Reclassifications or dispositions, gross
Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	1	$ 1
Additions, gross
Reclassifications or dispositions, gross

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Investments in Equipment and Leases, Net (Components of Investment in Direct Financing Leases) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investments in Equipment and Leases, Net [Abstract]
Total minimum lease payments receivable	$ 2	$ 18
Estimated residual values of leased equipment (unguaranteed)		1
Investment in direct financing leases	2	19
Less unearned income		(2)
Net investment in direct financing leases	$ 2	$ 17

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Investments in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) $ in Thousands	Sep. 30, 2016 USD ($)
Operating Leases
Three months ending December 31, 2016	$ 215
Year ending December 31, 2017	818
2018	311
Operating leases, future minimum payments receivable	1,344
Direct Financing Leases
Three months ending December 31, 2016	1
Year ending December 31, 2017	1
Capital leases, future minimum payments receivable	2
Total
Three months ending December 31, 2016	216
Year ending December 31, 2017	819
2018	311
Operating and financing leases, future minimum payments receivable, total	$ 1,346

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Investments in Equipment and Leases, Net (Schedule of Useful Lives of Assets) (Details)	9 Months Ended
	Sep. 30, 2016
Minimum [Member] | Aviation [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	15 years
Minimum [Member] | Manufacturing [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	10 years
Minimum [Member] | Construction [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	7 years
Minimum [Member] | Materials Handling [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	7 years
Minimum [Member] | Computer [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	3 years
Minimum [Member] | Transportation, Rail [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	7 years
Maximum [Member] | Aviation [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	20 years
Maximum [Member] | Manufacturing [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	15 years
Maximum [Member] | Construction [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	10 years
Maximum [Member] | Materials Handling [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	10 years
Maximum [Member] | Computer [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	5 years
Maximum [Member] | Transportation, Rail [Member]
Property Subject To Or Available For Operating Lease [Line Items]
Useful lives of lease assets	10 years

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Related Party Transactions (Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Disclosure Managing Member And Or Affiliates Earned Commissions And Billed For Reimbursements Pursuant To Operating Agreement [Abstract]
Administrative costs reimbursed to Managing Member and/or affiliates	$ 39	$ 51	$ 123	$ 179
Asset management fees to Managing Member	7	13	28	55
Related party transaction, total	$ 46	$ 64	$ 151	$ 234

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Non-Recourse Debt (Narrative) (Details) - Non-Recourse Debt [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Debt Instrument [Line Items]
Gross operating lease rentals and future payments on direct financing leases	$ 699
Carrying value of pledged assets	$ 1,400
Note maturity date, description	The notes mature at various dates from 2017 through 2018.
Maximum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	2.39%
Minimum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	1.97%

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Non-Recourse Debt (Future Minimum Payments of Non-Recourse Debt) (Details) $ in Thousands	Sep. 30, 2016 USD ($)
Principal
Three months ending December 31, 2016	$ 114
Year ending December 31, 2017	464
2018	103
Long-term debt, principal	681
Interest
Three months ending December 31, 2016	3
Year ending December 31, 2017	7
2018	1
Long-term debt, interest	11
Total
Three months ending December 31, 2016	117
Year ending December 31, 2017	471
2018	104
Long-term debt, principal and interest, total	$ 692

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Commitments (Narrative) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Disclosure Commitments Additional Information [Abstract]
Commitments to purchase lease assets	$ 0

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Members' Capital (Narrative) (Details) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Other Members Capital Account [Line Items]
Members capital account, units issued	2,992,482	2,992,482
Members capital account, units outstanding	2,992,482	2,992,482
Members capital account, units authorized	20,000,000	20,000,000
Other Members [Member]
Other Members Capital Account [Line Items]
Members capital account, units outstanding	2,992,482	2,992,482	2,992,482
Percentage of fund distributions	92.50%	92.50%
Managing Member [Member]
Other Members Capital Account [Line Items]
Percentage of fund distributions	7.50%	7.50%

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Members' Capital (Distributions to Other Members) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Members' Capital [Abstract]
Distributions	$ 673	$ 673	$ 2,019	$ 2,020	$ 2,694
Weighted average number of Units outstanding	2,992,482	2,992,482	2,992,482	2,992,482
Weighted average distributions per Unit	$ 0.22	$ 0.22	$ 0.67	$ 0.68	$ 0.90

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Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2016
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Warrants, fair value	$ 327	$ 329
Impairment losses	$ 6

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Fair Value Measurements (Reconciliation of Level 3 Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gain on fair valuation of warrants		$ (25)	$ 2	$ (6)
Level 3 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of warrants at beginning of period	$ 329	412	327	393
Unrealized gain on fair valuation of warrants		(25)	2	(6)
Fair value of warrants at end of period	$ 329	$ 387	$ 329	$ 387

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Fair Value Measurements (Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis) (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired investment securities	$ 4
Level 3 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired investment securities	$ 4

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Fair Value Measurements (Summary of Valuation Techniques and Significant Unobservable Inputs Used) (Details) - Level 3 Estimated Fair Value [Member] - Recurring [Member] - Warrant [Member] - Black Scholes Model [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Annualized volatility	100.00%	100.00%
Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 0.10	$ 0.10
Exercise price	$ 0.14	$ 0.14
Time to maturity (in years)	4 months 17 days	1 year 1 month 17 days
Risk-free interest rate	0.40%	0.72%
Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 25.76	$ 25.76
Exercise price	$ 25.76	$ 25.76
Time to maturity (in years)	7 years 3 months	7 years 10 months 2 days
Risk-free interest rate	1.44%	2.14%

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Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financial assets:
Warrants, fair value	$ 329	$ 327
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	1,540	2,340
Notes receivable, net	44	309
Investment in securities	272	300
Warrants, fair value	329	327
Financial liabilities:
Non-recourse debt	681	1,021
Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	1,540	2,340
Notes receivable, net	44	309
Investment in securities	272	300
Warrants, fair value	329	327
Financial liabilities:
Non-recourse debt	681	1,017
Estimated Fair Value [Member] | Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	1,540	2,340
Notes receivable, net
Investment in securities
Warrants, fair value
Financial liabilities:
Non-recourse debt
Estimated Fair Value [Member] | Level 2 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents
Notes receivable, net
Investment in securities
Warrants, fair value
Financial liabilities:
Non-recourse debt
Estimated Fair Value [Member] | Level 3 Estimated Fair Value [Member]
Financial assets:
Notes receivable, net	44	309
Investment in securities	272	300
Warrants, fair value	329	327
Financial liabilities:
Non-recourse debt	$ 681	$ 1,017