Net Lease Receivables Due from Leasing Agent

6 Months Ended

Jun. 30, 2011

Net Lease Receivables Due from Leasing Agent [Abstract]

Net Lease Receivables Due from Leasing Agent

(2)	Net Lease Receivables Due from Leasing Agent
	Net lease receivables due from Leasing Agent at June 30, 2011 and December 31, 2010 comprised:

	June 30,		December 31,
	2011		2010
Gross lease receivables	$	887,243	$	1,076,823
Less:
Direct operating expenses payable		155,397		413,926
Base management fees payable		33,685		41,986
Reimbursable administrative expenses payable		11,330		12,464
Allowance for doubtful accounts		58,962		63,537
Net lease receivables due from Leasing Agent	$	627,869	$	544,910

Included within the amount of gross lease receivables are $65,418 and $242,537 in respect of amounts owed by the Leasing Agent in relation to disposal related invoices at June 30, 2011 and December 31, 2010, respectively.

At June 30, 2011, $1,557 of doubtful debt provision was released and at December 31, 2010, $1,309 was recorded as doubtful debt expense. In addition, $192 and $443 were written off in the three months ended June 30, 2011 and 2010, respectively. In the six months ended June 30, 2011 and 2010, respectively, $3,018 and $446 were written-off.