Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
|
New words:
delineation, domiciled, grant, hedging, October, private, proposed, small, sought, tangible, thee
Removed:
amounted
Financial report summary
?Management Discussion
- The Fund had net income of $86 thousand and $15 thousand for the respective three and nine month periods ended September 30, 2019.
- Total revenues for the quarter were $235 thousand and $734 thousand for the year to date. Such revenues were primarily from operating lease rents and gains on sales of lease assets. Operating lease rents for the quarter were $174 thousand and $609 thousand for the year to date period. Compared to prior periods, revenues have been declining consistent with a fund in its liquidating stage where lease assets are sold as lease commitments end. In this regard, gain on sales of lease assets were $61 thousand and $125 thousand for the respective three and nine month periods ended September 30, 2019.
- Total operating expenses for the quarter were $149 thousand and $719 thousand for the year to date. The main components of such operating expenses were depreciation of operating lease assets, cost reimbursements to managing member and / or affiliates, professional fees and outside services, and for impairment losses on lease equipment.