Commonwealth Income & Growth Fund V (CIGF5) 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	15-May-15
Document and Entity Information:
Entity Registrant Name	COMMONWEALTH INCOME & GROWTH FUND V
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Entity Central Index Key	1253347
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		1,236,658
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Incorporation, State Country Name	Commonwealth of Pennsylvania

Balance_Sheets_March_31_2015_U

Balance Sheets (March 31, 2015 Unaudited) (USD $)	Mar. 31, 2015		Dec. 31, 2014
Balance Sheets
Cash and cash equivalents	$101,683		$118,212
Lease income receivable, net of reserve	59,515		29,646
Other receivables	8,127		8,128
Prepaid expenses	289		413
Current Assets	169,614		156,399
Net investment in finance leases	120,643		89,790
Equipment, at cost	7,690,382		7,683,366
Accumulated depreciation	-6,287,776		-6,049,391
Technology equipment, net	1,402,606		1,633,975
Equipment acquisition costs and deferred expenses		[1]	3,195	[2]
Total Assets	1,692,863		1,883,359
LIABILITIES
Accounts payable	110,480		106,373
Accounts payable, General Partner, net	473,906		467,165
Accounts Payable - Affiliate	255,928	[3]	224,348	[3]
Other accrued expenses	7,851		3,004
Unearned lease income	29,617		54,170
Notes payable	508,142		633,294
Total Liabilities	1,385,924		1,488,354
PARTNERS' CAPITAL
General Partner	1,000		1,000
Limited Partners	305,939		394,005
Total Partners' Capital	306,939		395,005
Total Liabilities and Partners' Capital	$1,692,863		$1,883,359
[1]	Net of accumulated amortization of approximately $18,000.
[2]	Net of accumulated amortization of approximately $48,000.
[3]	Due to Commonwealth Capital Corp.

Balance_Sheets_Parenthetical_M

Balance Sheets - Parenthetical (March 31, 2015 Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Balance Sheets
Equipment acquisition and deferred expenses, amortization	$18,000	$48,000

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue
Lease	$263,402	$284,439
Interest and other	1,929	2,974
Gain (loss) on sale of equipment	700
Total revenue	266,031	287,413
Expenses
Operating, excluding depreciation	47,862	71,315
Equipment management fee, General Partner	6,742	7,165
Interest	6,665	10,062
Depreciation	248,420	252,388
Amortization of equipment acquisition costs and deferred expenses	3,195	7,492
Bad debt (recovery)		244
Total expenses	312,884	348,666
Net Income (Loss)	-46,853	-61,253
Net Loss allocated to Limited Partners	($46,853)	($61,253)
Net Loss per equivalent Limited Partnership unit	($0.04)	($0.05)
Weighted average number of equivalent limited partnership units outstanding during the period	1,236,608	1,236,608

Statements_of_Partners_Capital

Statements of Partners' Capital (Unaudited) (USD $)	General Partners	Limited Partners	Total
Partners' Capital at Dec. 31, 2014	$1,000	$394,005	$395,005
Partners' Capital Account, Units at Dec. 31, 2014	50	1,236,608
Net loss		-46,853	-46,853
Forgiveness of payables	20,000		20,000
Transfer of Partners' Capital	-20,000	20,000
Distributions to Partners		-61,213	-61,213
Partners' Capital at Mar. 31, 2015	$1,000	$305,939	$306,939
Partners' Capital Account, Units at Mar. 31, 2015	50	1,236,608

Statements_of_Cash_Flow_Unaudi

Statements of Cash Flow (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net cash provided by operating activities
Net loss	($46,853)	($61,253)
Adjustments to reconcile net loss to net cash provided by operating activities
Gain on sale of equipment	-700
Net cash provided by (used in) operating activities	89,989	13,063
Net cash provided by (used in) investing activities
Capital expenditures	-17,051	-17,054
Purchase of finance leases	-36,795	-8,515
Payments from finance leases	7,841	2,706
Net proceeds from the sale of equipment	700
Net cash provided by (used in) investing activities	-45,305	-22,863
Net cash provided by (used in) financing activities
Distributions to partners	-61,213
Net cash provided by (used in) financing activities	-61,213
Net decrease in cash and cash equivalents	-16,529	-9,800
Cash and cash equivalents beginning of period	118,212	28,464
Cash and cash equivalents end of period	$101,683	$18,664

Business

Business	3 Months Ended
	Mar. 31, 2015
Notes
Business	1. Business
	Commonwealth Income & Growth Fund V (the “Partnership”) is a limited partnership organized in the Commonwealth of Pennsylvania in May 2003. The Partnership offered for sale up to 1,250,000 units of the limited partnership at the purchase price of $20 per unit (the “offering”). The Partnership reached the minimum amount in escrow and commenced operations on March 14, 2005. As of February 24, 2006, the Partnership was fully subscribed.
	The Partnership used the proceeds of the offering to acquire, own and lease various types of information technology, medical technology, telecommunications technology, inventory management equipment and other similar capital equipment, which is leased primarily to U.S. corporations and institutions.
	Commonwealth Capital Corp. (“CCC”), on behalf of the Partnership and other affiliated partnerships, acquires equipment subject to associated debt obligations and lease agreements and allocate a participation in the cost, debt and lease revenue to the various partnerships that it manages based on certain risk factors.
	The Partnership’s investment objective is to acquire primarily high technology equipment. Information technology has developed rapidly in recent years and is expected to continue to do so. Technological advances have permitted reductions in the cost of information technology processing capacity, speed, and utility. In the future, the rate and nature of equipment development may cause equipment to become obsolete more rapidly. The Partnership also acquires high technology medical, telecommunications and inventory management equipment. The Partnership’s general partner will seek to maintain an appropriate balance and diversity in the types of equipment acquired. The market for high technology medical equipment is growing each year. Generally, this type of equipment will have a longer useful life than other types of technology equipment. This allows for increased re-marketability, if it is returned before its economic or announcement cycle is depleted.
	The Partnership’s General Partner is Commonwealth Income & Growth Fund, Inc. (the “General Partner”), a Pennsylvania corporation which is an indirect wholly owned subsidiary of CCC. Approximately ten years after the commencement of operations, the Partnership intends to sell or otherwise dispose of all of its equipment, make final distributions to partners, and to dissolve. Unless sooner terminated, the Partnership will continue until February 4, 2017.
	The General Partner elected to make limited partner distributions of approximately $61,000 for the three months ended March 31, 2015.  The General Partner will reassess the funding of limited partner distributions on a quarterly basis, throughout 2015.  In an effort to increase cash flow, CCC forgave approximately $20,000 of payables owed to it by the Partnership.  The General Partner and CCC will also determine if related party payables owed to them by the Partnership may be deferred (if deemed necessary) in an effort to further increase the Partnership’s cash flow.
	The General Partner and CCC have committed to fund, either through cash contributions and/or forgiveness of indebtedness, any necessary operational cash shortfalls of the Partnership through March 31, 2016. The General Partner will continue to reassess the funding of limited partner distributions throughout 2015 and will continue to waive certain fees if the General Partner determines it is in the best interest of the Partnership to do so. If available cash flow or net disposition proceeds are insufficient to cover the Partnership expenses and liabilities on a short and long term basis, the Partnership may attempt to obtain additional funds by disposing of or refinancing equipment, or by borrowing within its permissible limits.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Notes
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies
	Basis of Presentation
	The financial information presented as of any date other than December 31, 2014 has been prepared from the books and records without audit. Financial information as of December 31, 2014 has been derived from the audited financial statements of the Partnership, but does not include all disclosures required by generally accepted accounting principles to be included in audited financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated, have been included. For further information regarding the Partnership’s accounting policies, refer to the financial statements and related notes included in the Partnership’s annual report on Form 10-K for the year ended December 31, 2014. Operating results for the three months ended March 31, 2015 are not necessarily indicative of financial results that may be expected for the full year ended December 31, 2015.
	Disclosure of Fair Value of Financial Instruments
	Estimated fair value was determined by management using available market information and appropriate valuation methodologies. However, judgment was necessary to interpret market data and develop estimated fair value. Cash and cash equivalents, receivables, accounts payable and accrued expenses and other liabilities are carried at amounts which reasonably approximate their fair values as of March 31, 2015 and December 31, 2014 due to the short term nature of these financial instruments.
	The Partnership’s long-term debt consists of notes payable, which are secured by specific equipment and are nonrecourse liabilities of the Partnership. The estimated fair value of this debt at March 31, 2015 and December 31, 2014 approximates the carrying value of these instruments, due to the interest rates on the debt approximating current market interest rates. The Partnership classifies the fair value of its notes payable within Level 2 of the valuation hierarchy based on the observable inputs used to estimate fair value.
	Forgiveness of Related Party Payables
	In accordance with ASC Topic 470-50 Debt Modifications and Extinguishments, the Partnership accounts for forgiveness of related party payables as Partners' capital transactions.
	Cash and cash equivalents
	We consider cash equivalents to be highly liquid investments with the original maturity dates of 90 days or less.
	At March 31, 2015, cash was held in two accounts maintained at one financial institution with an aggregate balance of approximately $106,000. Bank accounts are federally insured up to $250,000 by the FDIC. At March 31, 2015, the total cash bank balance was as follows:
	At March 31, 2015	Amount
	Total bank balance	$	106,000
	FDIC insured		(106,000	)
	Uninsured amount	$	0
	The Partnership’s bank balances are fully insured by the FDIC. The Partnership deposits its funds with a Moody's Aaa-Rated banking institution which is one of only three Aaa-Rated banks listed on the New York Stock Exchange. The Partnership has not experienced any losses in such accounts, and believes it is not exposed to any significant credit risk. The amount in such accounts will fluctuate throughout 2015 due to many factors, including cash receipts, equipment acquisitions, interest rates, and distribution to limited partners.
	Recent Accounting Pronouncements
	In February 2015, the FASB issued Accounting Standards Update No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis- Effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, and for interim periods within fiscal years beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period.  A reporting entity may apply the amendments in this Update using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption.  A reporting entity also may apply the amendments retrospectively.  The Partnership is currently evaluating the effect that this ASU will have on its financial statements.
	In January 2015, the FASB issued Accounting Standards Update No. 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.  Effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The effective date is the same for both public business entities and all other entities.  The Partnership is currently evaluating the effect that this ASU will have on its financial statements.
	In April 2014, the FASB issued ASU No. 2014-08 (“ASU Updated 2014-08”), Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU provides guidance on the change in criteria established to enhance the presentation of reporting discontinued operations. The guidance is effective for annual financial statements beginning on or after December 15, 2014 that report discontinued operations or disposals of components of an entity. The Partnership is currently evaluating the effect that this ASU will have on its financial statements.  This was adopted January 1, 2015, however there were no discontinued operations in first quarter 2015.

Information_and_other_Technolo

Information and other Technology, Inventory Management Equipment and other Capital Equipment	3 Months Ended
	Mar. 31, 2015
Notes
Information and other Technology, Inventory Management Equipment and other Capital Equipment	3. Information Technology, Medical Technology, Telecommunications Technology, Inventory Management Equipment and other Business-Essential Capital Equipment (“Equipment”)
	The Partnership is the lessor of equipment under operating leases with periods that generally will range from 12 to 48 months. In general, associated costs such as repairs and maintenance, insurance and property taxes are paid by the lessee.
	Remarketing fees are paid to the leasing companies from which the Partnership purchases leases. These are fees that are earned by the leasing companies when the initial terms of the lease have been met. The General Partner believes that this strategy adds value since it entices the leasing company to remain actively involved with the lessee and encourages potential extensions, remarketing or sale of equipment. This strategy is designed to minimize any conflicts the leasing company may have with a new lessee and may assist in maximizing overall portfolio performance. The remarketing fee is tied into lease performance thresholds and is a factor in the negotiation of the fee. Remarketing fees incurred in connection with lease extensions are accounted for as operating costs. Remarketing fees incurred in connection with the sale of equipment are included in the gain or loss calculations.  For the three months ended March 31, 2015 and 2014, no remarketing fees were incurred or paid.
	CCC, on behalf of the Partnership and on behalf of other affiliated companies and partnerships (“partnerships”), acquires equipment subject to associated debt obligations and lease agreements and allocates a participation in the cost, debt and lease revenue to the various companies based on certain risk factors.
	The Partnership’s share of the cost of the equipment in which it participates with other partnerships at March 31, 2015 was approximately $4,808,000 and is included in the Partnership’s equipment on its balance sheet. The total cost of the equipment shared by the Partnership with other partnerships at March 31, 2015 was approximately $12,129,000. The Partnership’s share of the outstanding debt associated with this equipment at March 31, 2015 was approximately $419,000 and is included in the Partnership’s notes payable on its balance sheet. The total outstanding debt related to the equipment shared by the Partnership at March 31, 2015 was approximately $1,228,000.
	The Partnership’s share of the cost of the equipment in which it participates with other partnerships at December 31, 2014 was approximately $4,808,000 and is included in the Partnership’s equipment on its balance sheet. The total cost of the equipment shared by the Partnership with other partnerships at December 31, 2014 was approximately $12,129,000. The Partnership’s share of the outstanding debt associated with this equipment at December 31, 2014 was approximately $494,000 and is included in the Partnership’s notes payable on its balance sheet. The total outstanding debt related to the equipment shared by the Partnership at December 31, 2014 was approximately $1,433,000.
	As the Partnership and the other programs managed by the General Partner continue to acquire new equipment for the portfolio, opportunities for shared participation are expected to continue. Sharing in the acquisition of a lease portfolio gives the fund an opportunity to acquire additional assets and revenue streams, while allowing the fund to remain diversified and reducing its overall risk with respect to one portfolio.
	The following is a schedule of future minimum rentals on non-cancellable operating leases at March 31, 2015:
		Amount
	Nine Months ended December 31, 2015	$	442,000
	Year ended December 31, 2016		289,000
	Year ended December 31, 2017		65,000
	Year ended December 31, 2018		1,000
		$	797,000
	The Partnership is scheduled to terminate on February 4, 2017. If the Partnership terminates on February 4, 2017, CCC will assume the rights to the remaining active leases and their related remaining revenue stream through their termination.
	The following lists the components of the net investment in direct financing leases at March 31, 2015:
		Amount
	Total minimum lease payments to be received	$	121,000
	Estimated residual value of leased equipment (unguaranteed)		17,000
	Less: unearned income		-17,000
	Net investment in direct finance leases	$	121,000
	Our finance lease customers operate in various industries, and we have no significant customer concentration in any one industry. We assess credit risk for all of our customers, including those that lease under finance leases. This credit risk is assessed using an internally developed model which incorporates credits scores from third party providers and our own customer risk ratings and is periodically reviewed. Our internal ratings are weighted based on the industry that the customer operates in. Factors taken into consideration when assessing risk includes both general and industry specific qualitative and quantitative metrics. We separately take in to consideration payment history, open lawsuits, liens and judgments. Typically, we will not extend credit to a company that has been in business for less than 5 years or that has filed for bankruptcy within the same period. Our internally based model may classify a company as high risk based on our analysis of their audited financial statements. Additional considerations of high risk may include history of late payments, open lawsuits and liens or judgments. In an effort to mitigate risk, we typically require deposits from those in this category. The following table presents the credit risk profile, by creditworthiness category, of our direct finance lease receivables at March 31, 2015:
	Risk Level	Percent of Total
	Low		-	%
	Moderate-Low		-	%
	Moderate		-	%
	Moderate-High		100	%
	High		-	%
	Net finance lease receivable		100	%
	As of March 31, 2015, we determined that we did not have a need for an allowance for uncollectible accounts associated with any of our finance leases, as the customer payment histories with us, associated with these leases, has been positive, with no late payments.
	The following is a schedule of future minimum rentals on non-cancellable finance leases at March 31, 2015:
		Amount
	Nine months ended December 31, 2015		28,000
	Year ended December 31, 2016		38,000
	Year ended December 31, 2017		33,000
	Year ended December 31, 2018		20,000
	Year ended December 31, 2019		2,000
		$	121,000
	The Partnership is scheduled to terminate on February 4, 2017. If the Partnership terminates on February 4, 2017, CCC will assume the rights to the remaining active leases and their related remaining revenue stream through their termination.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Notes
Related Party Transactions	4. Related Party Transactions
	Receivables/Payables
	During the three months ended March 31, 2015, CCC forgave approximately $20,000 of payables owed to it by the Partnership.
	As of March 31, 2015, the Company’s related party receivables and payables are short term, unsecured and non-interest bearing.
	Three months ended March 31,	2015		2014
	Reimbursable Expenses
	The General Partner and its affiliates are entitled to reimbursement by the Partnership for the cost of goods, supplies or services obtained and used by the General Partner in connection with the administration and operation of the Partnership from third parties unaffiliated with the General Partner. In addition, the General Partner and its affiliates are entitled to reimbursement of certain expenses incurred by the General Partner and its affiliates in connection with the administration and operation of the Partnership. For the three months ended March 31, 2015 and 2014, the General Partner waived certain reimbursable expenses due to it by the Partnership.  For the three months ended March 31, 2015 and 2014, no Other LP expense was charged to the Partnership.	$	47,000	$	63,000
	Equipment Acquisition Fee
	The General Partner earned an equipment acquisition fee of 4% of the purchase price of each item of equipment purchased as compensation for the negotiation of the acquisition of the equipment and lease thereof or sale under a conditional sales contract. At March 31, 2015, all prepaid equipment acquisition fees were earned by the General Partner. For the three months ended March 31, 2015 and 2014, approximately $2,000 and $3,000 of acquisition fees were waived by the General Partner, respectively.	$	-	$	-
	Debt Placement Fee
	As compensation for arranging term debt to finance our acquisition of equipment, we will pay the general partner a fee equal to one percent of such indebtedness; provided, however, that such fee shall be reduced to the extent we incur such fees to third parties unaffiliated with the general partner or the lender with respect to such indebtedness. No such fee will be paid with respect to borrowings from the general partner or its affiliates. We intend to initially acquire leases on an all cash basis with the proceeds of this offering, but may borrow funds after the offering proceeds have been invested. The amount we borrow, and therefore the amount of the fee, will depend upon interest rates at the time of a loan, and the amount of leverage we determine is appropriate at the time. We do not intend to use more than 30% leverage overall in our portfolio. Fees will increase as the amount of leverage we use increases, and as turnover in the portfolio increases and additional equipment is purchased using leverage. Additionally, during the three months ended March 31, 2015 and 2014, the General Partner earned but waived approximately $0 and $1,000 of debt placement fees, respectively.	$	-	$	-
	Equipment Management Fee
	The General Partner is entitled to be paid for managing the equipment portfolio a monthly fee equal to the lesser of (i) the fees which would be charged by an independent third party for similar services for similar equipment or (ii) the sum of (a) two percent of (1) the gross lease revenues attributable to equipment which is subject to full payout net leases which contain net lease provisions plus (2) the purchase price paid on conditional sales contracts as received by the Partnership and (b) 5% of the gross lease revenues attributable to equipment which is subject to operating leases. In an effort to increase future cash flow for the fund our General Partner had elected to reduce the percentage of equipment management fees paid to it from 5% to 2.5% of the gross lease revenues attributable to equipment which is subject to operating leases. The reduction was effective beginning in July 2010 and remained in effect for the three months ended March 31, 2015 and 2014.	$	7,000	$	7,000
	Equipment Liquidation Fee
	With respect to each item of equipment sold by the General Partner (other than in connection with a conditional sales contract), a fee equal to the lesser of (i) 50% of the competitive equipment sale commission or (ii) three percent of the sales price for such equipment is payable to the General Partner. The payment of such fee is subordinated to the receipt by the limited partners of (i) a return of their net capital contributions and a 10% per annum cumulative return, compounded daily, on adjusted capital contributions and (ii) the net disposition proceeds from such sale in accordance with the Partnership Agreement. Such fee will be reduced to the extent any liquidation or resale fees are paid to unaffiliated parties.  For the three months ended March 31, 2015 and 2014, there were no equipment liquidation fees earned and/or waived.	$	-	$	-

Notes_Payable

Notes Payable	3 Months Ended
	Mar. 31, 2015
Notes
Notes Payable	5. Notes Payable
	Notes payable consisted of the following approximate amounts:
		31-Mar-15			31-Dec-14
	Installment notes payable to bank; interest at 5.25%, due in monthly installments of $4,813, including interest, with final payment in March 2015		$              -				$       24,000
	Installment notes payable to bank; interest rates ranging from 5.25% to 5.60%, due in monthly installments ranging from $868 to $3,800, including interest, with final payment in April 2015		1,000				21,000
	Installment notes payable to bank; interest rates ranging from 3.95% to 4.23%, due in quarterly installment ranging from $2,436 to $6,195, including interest, with final payment in September 2015		30,000				45,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $398, including interest, with final payment in October 2015		1,000				2,000
	Installment notes payable to bank; interest at 4.23%, due in quarterly installments ranging from $208 to $1,217, including interest, with final payment in November 2015		4,000				6,000
	Installment note payable to bank; interest at 4.23% due in quarterly installments of $12,708, including interest, with final payment in July 2016		74,000				85,000
	Installment note payable to bank; interest at 5.50%, due in monthly installments of $7,910, including interest, with final payment in August 2016			129,000				150,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $6,153, including interest, with final payment in August 2016			36,000				41,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $2,740, including interest, with final payment in December 2016			18,000				21,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $478, including interest, with final payment in February 2017			7,000				8,000
	Installment notes payable to bank; interest at 4.23%, due in quarterly installments ranging from $951 to $1,327, including interest, with final payment in March 2017			18,000				19,000
	Installment note payable to bank; interest at 4.85%, due in monthly installments of $922, including interest, with final payment in March 2017			21,000				24,000
	Installment note payable to bank; interest at 1.60%, due in monthly installments of $2,286, including interest, with final payment in May 2017			58,000				65,000
	Installment note payable to bank; interest at 4.23%, due in monthly installments of $664, including interest, with final payment in June 2017			17,000				19,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $2,711, including interest, with final payment in May 2017			23,000				26,000
	Installment note payable to bank; interest at 4.85%, due in monthly installments of $584, including interest, with final payment in September 2017			17,000				18,000
	Installment note payable to bank; interest at 4.88%, due in monthly installments of $1,852, including interest, with final payment in October 2017			54,000				59,000
			$	508,000		$		633,000
	These notes are secured by specific equipment with a carrying value of approximately $771,000 and are nonrecourse liabilities of the Partnership. As such, the notes do not contain any financial debt covenants with which we must comply on either an annual or quarterly basis. Aggregate maturities of notes payable for each of the periods subsequent to March 31, 2015 are as follows:
		Amount
	Nine months ending December 31, 2015	$	235,000
	Year ended December 31, 2016		223,000
	Year ended December 31, 2017		50,000
		$	508,000
	The Partnership is scheduled to terminate on February 4, 2017. If the Partnership terminates on February 4, 2017, CCC will assume the obligation related to the remaining notes payable through their original term.

Supplemental_Cash_Flow_Informa

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2015
Notes
Supplemental Cash Flow Information	6. Supplemental Cash Flow Information
	Other noncash activities included in the determination of net loss are as follows:
	Three months ended March 31,	2015		2014
	Lease revenue net of interest expense on notes payable realized as a result of direct payment of principal by lessee to bank	$	125,000	$	172,000
	No interest or principal on notes payable was paid by the Partnership because direct payment was made by lessee to the bank in lieu of collection of lease income and payment of interest and principal by the Partnership.
	Noncash investing and financing activities include the following:
	Three months ended March 31,	2015		2014
	Debt assumed in conjunction with purchase of equipment	$	-	$	62,000
	Forgiveness of related party payables recorded as a capital contribution	$	20,000	$	-
	At March 31, 2015 and 2014, the Partnership wrote-off fully amortized acquisition and finance fees of approximately $33,000 and $0, respectively.
	At March 31, 2015 and 2014, the Partnership wrote-off fully depreciated equipment of approximately $0 and $78,000, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Notes
Commitments and Contingencies	7. Commitments and Contingencies
	Allied Health Care Services
	As previously disclosed in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2014, management wrote off the fully reserved accounts receivable and fully impaired assets related to the lease to Allied Health Care Services, Inc. (“Allied”), due to the bankruptcy of Allied and the criminal conviction of its founder for fraud. There have been no material changes in the status of Allied’s bankruptcy or in the likelihood of recovering available assets since the date of the Partnership’s annual report. The deadline for the bankruptcy trustee to pursue adversary claims against certain creditors has expired, including extensions. The bankruptcy trustee cannot seek to claim the Partnership's payments received from Allied, therefore the Partnership has no exposure to such potential claims. Commonwealth continues to pursue all of our rights against both Allied and Mr. Schwartz to recover any available assets to the greatest extent possible.
	FINRA
	On May 3, 2013, the FINRA Department of Enforcement filed a complaint naming Commonwealth Capital Securities Corp. (“CCSC”) and the owner of the firm, Kimberly Springsteen-Abbott, as respondents; however on October 22, 2013, FINRA filed an amended complaint that dropped the allegations against CCSC and reduced the scope of the allegations against Ms. Springsteen-Abbott.  The sole remaining charge was that Ms. Springsteen-Abbott had approved the misallocation of some expenses to certain Funds.  Management believes that the expenses at issue include amounts that were proper and that were properly allocated to Funds, and also identified a smaller number of expenses that had been allocated in error, but were adjusted and repaid to the affected Funds when they were identified in 2012. During the period in question, Commonwealth Capital Corp. and Ms. Springsteen-Abbott provided important financial support to the Funds, voluntarily absorbed expenses and voluntarily waived fees in amounts aggregating in excess of any questioned allocations.  That Panel ruled on March 30, 2015, that Ms. Springsteen-Abbott should be barred from the securities industry because the Panel concluded that she allegedly misallocated $208,000 of expenses involving certain Funds over the course of three years.  Ms. Springsteen-Abbott intends to vigorously challenge the Panel’s decision on appeal.  Decisions issued by FINRA's Office of Hearing Officers may be appealed to FINRA's National Adjudicatory Council (NAC) pursuant to FINRA Rule 9311. Under NASD Rule 1015, an applicant may file a written request for review of the membership decision with the NAC within 25 days after service of the decision. While a panel decision is on appeal, the sanction is not enforced against the individual.   No adjustments were made to the 2015 or 2014 financial statements with respect to the Fund’s share of the allegedly misallocated expenses, pending the appeal.  Management believes that resolution of the charge will not result in any material adverse financial impact on the Funds, but no assurance can be provided until the FINRA matter is resolved.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies: Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Basis of Presentation	Basis of Presentation
	The financial information presented as of any date other than December 31, 2014 has been prepared from the books and records without audit. Financial information as of December 31, 2014 has been derived from the audited financial statements of the Partnership, but does not include all disclosures required by generally accepted accounting principles to be included in audited financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated, have been included. For further information regarding the Partnership’s accounting policies, refer to the financial statements and related notes included in the Partnership’s annual report on Form 10-K for the year ended December 31, 2014. Operating results for the three months ended March 31, 2015 are not necessarily indicative of financial results that may be expected for the full year ended December 31, 2015.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies: Disclosure of Fair Value of Financial Instruments (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Disclosure of Fair Value of Financial Instruments	Disclosure of Fair Value of Financial Instruments
	Estimated fair value was determined by management using available market information and appropriate valuation methodologies. However, judgment was necessary to interpret market data and develop estimated fair value. Cash and cash equivalents, receivables, accounts payable and accrued expenses and other liabilities are carried at amounts which reasonably approximate their fair values as of March 31, 2015 and December 31, 2014 due to the short term nature of these financial instruments.
	The Partnership’s long-term debt consists of notes payable, which are secured by specific equipment and are nonrecourse liabilities of the Partnership. The estimated fair value of this debt at March 31, 2015 and December 31, 2014 approximates the carrying value of these instruments, due to the interest rates on the debt approximating current market interest rates. The Partnership classifies the fair value of its notes payable within Level 2 of the valuation hierarchy based on the observable inputs used to estimate fair value.

Summary_of_Significant_Account3

Summary of Significant Accounting Policies: Forgiveness of Related Party Payables (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Forgiveness of Related Party Payables	Forgiveness of Related Party Payables
	In accordance with ASC Topic 470-50 Debt Modifications and Extinguishments, the Partnership accounts for forgiveness of related party payables as Partners' capital transactions.

Summary_of_Significant_Account4

Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Cash and Cash Equivalents	Cash and cash equivalents
	We consider cash equivalents to be highly liquid investments with the original maturity dates of 90 days or less.
	At March 31, 2015, cash was held in two accounts maintained at one financial institution with an aggregate balance of approximately $106,000. Bank accounts are federally insured up to $250,000 by the FDIC. At March 31, 2015, the total cash bank balance was as follows:
	At March 31, 2015	Amount
	Total bank balance	$	106,000
	FDIC insured		(106,000	)
	Uninsured amount	$	0
	The Partnership’s bank balances are fully insured by the FDIC. The Partnership deposits its funds with a Moody's Aaa-Rated banking institution which is one of only three Aaa-Rated banks listed on the New York Stock Exchange. The Partnership has not experienced any losses in such accounts, and believes it is not exposed to any significant credit risk. The amount in such accounts will fluctuate throughout 2015 due to many factors, including cash receipts, equipment acquisitions, interest rates, and distribution to limited partners.

Summary_of_Significant_Account5

Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In February 2015, the FASB issued Accounting Standards Update No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis- Effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, and for interim periods within fiscal years beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period.  A reporting entity may apply the amendments in this Update using a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption.  A reporting entity also may apply the amendments retrospectively.  The Partnership is currently evaluating the effect that this ASU will have on its financial statements.
	In January 2015, the FASB issued Accounting Standards Update No. 2015-01, Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.  Effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity also may apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The effective date is the same for both public business entities and all other entities.  The Partnership is currently evaluating the effect that this ASU will have on its financial statements.
	In April 2014, the FASB issued ASU No. 2014-08 (“ASU Updated 2014-08”), Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU provides guidance on the change in criteria established to enhance the presentation of reporting discontinued operations. The guidance is effective for annual financial statements beginning on or after December 15, 2014 that report discontinued operations or disposals of components of an entity. The Partnership is currently evaluating the effect that this ASU will have on its financial statements.  This was adopted January 1, 2015, however there were no discontinued operations in first quarter 2015.

Summary_of_Significant_Account6

Summary of Significant Accounting Policies: Cash and Cash Equivalents: Schedule of Cash and Cash Equivalents (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Cash and Cash Equivalents
	At March 31, 2015	Amount
	Total bank balance	$	106,000
	FDIC insured		(106,000	)
	Uninsured amount	$	0

Information_and_other_Technolo1

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of future minimum rentals on non-cancelable leases (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of future minimum rentals on non-cancelable leases
		Amount
	Nine Months ended December 31, 2015	$	442,000
	Year ended December 31, 2016		289,000
	Year ended December 31, 2017		65,000
	Year ended December 31, 2018		1,000
		$	797,000

Information_and_other_Technolo2

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of net investment in direct financing leases (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of net investment in direct financing leases
		Amount
	Total minimum lease payments to be received	$	121,000
	Estimated residual value of leased equipment (unguaranteed)		17,000
	Less: unearned income		-17,000
	Net investment in direct finance leases	$	121,000

Information_and_other_Technolo3

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of Finance Lease Risk Level (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Finance Lease Risk Level
	Risk Level	Percent of Total
	Low		-	%
	Moderate-Low		-	%
	Moderate		-	%
	Moderate-High		100	%
	High		-	%
	Net finance lease receivable		100	%

Information_and_other_Technolo4

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of future minimum rentals on non-cancellable finance leases (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of future minimum rentals on non-cancellable finance leases
		Amount
	Nine months ended December 31, 2015		28,000
	Year ended December 31, 2016		38,000
	Year ended December 31, 2017		33,000
	Year ended December 31, 2018		20,000
	Year ended December 31, 2019		2,000
		$	121,000

Related_Party_Transactions_Sch

Related Party Transactions: Schedule of Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Related Party Transactions
	Three months ended March 31,	2015		2014
	Reimbursable Expenses
	The General Partner and its affiliates are entitled to reimbursement by the Partnership for the cost of goods, supplies or services obtained and used by the General Partner in connection with the administration and operation of the Partnership from third parties unaffiliated with the General Partner. In addition, the General Partner and its affiliates are entitled to reimbursement of certain expenses incurred by the General Partner and its affiliates in connection with the administration and operation of the Partnership. For the three months ended March 31, 2015 and 2014, the General Partner waived certain reimbursable expenses due to it by the Partnership.  For the three months ended March 31, 2015 and 2014, no Other LP expense was charged to the Partnership.	$	47,000	$	63,000
	Equipment Acquisition Fee
	The General Partner earned an equipment acquisition fee of 4% of the purchase price of each item of equipment purchased as compensation for the negotiation of the acquisition of the equipment and lease thereof or sale under a conditional sales contract. At March 31, 2015, all prepaid equipment acquisition fees were earned by the General Partner. For the three months ended March 31, 2015 and 2014, approximately $2,000 and $3,000 of acquisition fees were waived by the General Partner, respectively.	$	-	$	-
	Debt Placement Fee
	As compensation for arranging term debt to finance our acquisition of equipment, we will pay the general partner a fee equal to one percent of such indebtedness; provided, however, that such fee shall be reduced to the extent we incur such fees to third parties unaffiliated with the general partner or the lender with respect to such indebtedness. No such fee will be paid with respect to borrowings from the general partner or its affiliates. We intend to initially acquire leases on an all cash basis with the proceeds of this offering, but may borrow funds after the offering proceeds have been invested. The amount we borrow, and therefore the amount of the fee, will depend upon interest rates at the time of a loan, and the amount of leverage we determine is appropriate at the time. We do not intend to use more than 30% leverage overall in our portfolio. Fees will increase as the amount of leverage we use increases, and as turnover in the portfolio increases and additional equipment is purchased using leverage. Additionally, during the three months ended March 31, 2015 and 2014, the General Partner earned but waived approximately $0 and $1,000 of debt placement fees, respectively.	$	-	$	-
	Equipment Management Fee
	The General Partner is entitled to be paid for managing the equipment portfolio a monthly fee equal to the lesser of (i) the fees which would be charged by an independent third party for similar services for similar equipment or (ii) the sum of (a) two percent of (1) the gross lease revenues attributable to equipment which is subject to full payout net leases which contain net lease provisions plus (2) the purchase price paid on conditional sales contracts as received by the Partnership and (b) 5% of the gross lease revenues attributable to equipment which is subject to operating leases. In an effort to increase future cash flow for the fund our General Partner had elected to reduce the percentage of equipment management fees paid to it from 5% to 2.5% of the gross lease revenues attributable to equipment which is subject to operating leases. The reduction was effective beginning in July 2010 and remained in effect for the three months ended March 31, 2015 and 2014.	$	7,000	$	7,000
	Equipment Liquidation Fee
	With respect to each item of equipment sold by the General Partner (other than in connection with a conditional sales contract), a fee equal to the lesser of (i) 50% of the competitive equipment sale commission or (ii) three percent of the sales price for such equipment is payable to the General Partner. The payment of such fee is subordinated to the receipt by the limited partners of (i) a return of their net capital contributions and a 10% per annum cumulative return, compounded daily, on adjusted capital contributions and (ii) the net disposition proceeds from such sale in accordance with the Partnership Agreement. Such fee will be reduced to the extent any liquidation or resale fees are paid to unaffiliated parties.  For the three months ended March 31, 2015 and 2014, there were no equipment liquidation fees earned and/or waived.	$	-	$	-

Notes_Payable_Schedule_of_Note

Notes Payable: Schedule of Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Notes Payable
		31-Mar-15			31-Dec-14
	Installment notes payable to bank; interest at 5.25%, due in monthly installments of $4,813, including interest, with final payment in March 2015		$              -				$       24,000
	Installment notes payable to bank; interest rates ranging from 5.25% to 5.60%, due in monthly installments ranging from $868 to $3,800, including interest, with final payment in April 2015		1,000				21,000
	Installment notes payable to bank; interest rates ranging from 3.95% to 4.23%, due in quarterly installment ranging from $2,436 to $6,195, including interest, with final payment in September 2015		30,000				45,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $398, including interest, with final payment in October 2015		1,000				2,000
	Installment notes payable to bank; interest at 4.23%, due in quarterly installments ranging from $208 to $1,217, including interest, with final payment in November 2015		4,000				6,000
	Installment note payable to bank; interest at 4.23% due in quarterly installments of $12,708, including interest, with final payment in July 2016		74,000				85,000
	Installment note payable to bank; interest at 5.50%, due in monthly installments of $7,910, including interest, with final payment in August 2016			129,000				150,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $6,153, including interest, with final payment in August 2016			36,000				41,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $2,740, including interest, with final payment in December 2016			18,000				21,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $478, including interest, with final payment in February 2017			7,000				8,000
	Installment notes payable to bank; interest at 4.23%, due in quarterly installments ranging from $951 to $1,327, including interest, with final payment in March 2017			18,000				19,000
	Installment note payable to bank; interest at 4.85%, due in monthly installments of $922, including interest, with final payment in March 2017			21,000				24,000
	Installment note payable to bank; interest at 1.60%, due in monthly installments of $2,286, including interest, with final payment in May 2017			58,000				65,000
	Installment note payable to bank; interest at 4.23%, due in monthly installments of $664, including interest, with final payment in June 2017			17,000				19,000
	Installment note payable to bank; interest at 4.23%, due in quarterly installments of $2,711, including interest, with final payment in May 2017			23,000				26,000
	Installment note payable to bank; interest at 4.85%, due in monthly installments of $584, including interest, with final payment in September 2017			17,000				18,000
	Installment note payable to bank; interest at 4.88%, due in monthly installments of $1,852, including interest, with final payment in October 2017			54,000				59,000
			$	508,000		$		633,000

Notes_Payable_Schedule_of_futu

Notes Payable: Schedule of future aggregate payments of notes payable (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of future aggregate payments of notes payable
		Amount
	Nine months ending December 31, 2015	$	235,000
	Year ended December 31, 2016		223,000
	Year ended December 31, 2017		50,000
		$	508,000

Supplemental_Cash_Flow_Informa1

Supplemental Cash Flow Information: Schedule of Other noncash activities included in the determination of net loss (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Other noncash activities included in the determination of net loss
	Three months ended March 31,	2015		2014
	Lease revenue net of interest expense on notes payable realized as a result of direct payment of principal by lessee to bank	$	125,000	$	172,000

Supplemental_Cash_Flow_Informa2

Supplemental Cash Flow Information: Schedule of non-cash investing and financing activities (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of non-cash investing and financing activities
	Three months ended March 31,	2015		2014
	Debt assumed in conjunction with purchase of equipment	$	-	$	62,000
	Forgiveness of related party payables recorded as a capital contribution	$	20,000	$	-

Business_Details

Business (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Details
Entity Incorporation, State Country Name	Commonwealth of Pennsylvania
Debt Instrument, Decrease, Forgiveness	$20,000

Summary_of_Significant_Account7

Summary of Significant Accounting Policies: Cash and Cash Equivalents: Schedule of Cash and Cash Equivalents (Details) (USD $)	Mar. 31, 2015
Details
Cash	$106,000
Cash, FDIC Insured Amount	-106,000
Cash, Uninsured Amount	$0

Summary_of_Significant_Account8

Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details)	3 Months Ended
	Mar. 31, 2015
Details
Cash, Uninsured Amount, Commentary	The Partnership’s bank balances are fully insured by the FDIC. The Partnership deposits its funds with a Moody's Aaa-Rated banking institution which is one of only three Aaa-Rated banks listed on the New York Stock Exchange.

Information_and_other_Technolo5

Information and other Technology, Inventory Management Equipment and other Capital Equipment (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Details
Remarketing Fees Incurred	$0	$0
Equipment Shared	4,808,000		4,808,000
Total Shared Equipment	12,129,000		12,129,000
Debt Shared	419,000		494,000
Outstanding Debt Total	$1,228,000		$1,433,000

Information_and_other_Technolo6

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of future minimum rentals on non-cancelable leases (Details) (USD $)	Mar. 31, 2015
Details
Capital Leases, Future Minimum Payments Receivable, Next Twelve Months	$442,000
Capital Leases, Future Minimum Payments Receivable, Rolling Year Two	289,000
Capital Leases, Future Minimum Payments, Receivable in Three Years	65,000
Capital Leases, Future Minimum Payments Receivable	$1,000

Information_and_other_Technolo7

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of net investment in direct financing leases (Details) (USD $)	Mar. 31, 2015
Details
MinimumLeasePaymentsFinanceLeases	$121,000
ResidualValueFinanceLeases	17,000
Investment in direct financing leases, unearned income	-17,000
NetInvestmentInFinanceLeases	$121,000

Information_and_other_Technolo8

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of Finance Lease Risk Level (Details)	Mar. 31, 2015
Details
RiskLevelModerateHigh	100.00%
TotalRiskLevel	100.00%

Information_and_other_Technolo9

Information and other Technology, Inventory Management Equipment and other Capital Equipment: Schedule of future minimum rentals on non-cancellable finance leases (Details) (USD $)	Mar. 31, 2015
Details
Capital Leases, Future Minimum Payments Due, Next Twelve Months	$28,000
Capital Leases, Future Minimum Payments Due in Two Years	38,000
Capital Leases, Future Minimum Payments Due in Three Years	33,000
Capital Leases, Future Minimum Payments Due in Four Years	20,000
Capital Leases, Future Minimum Payments Due in Five Years	2,000
Capital Leases, Future Minimum Payments Due	$121,000

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Details
Debt Instrument, Decrease, Forgiveness	$20,000

Related_Party_Transactions_Sch1

Related Party Transactions: Schedule of Related Party Transactions (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Reimbursable Expenses	$47,000	$63,000
Acquisition Fees waived related to operating leases, Affiliate	2,000
Acquisition Fees waived related to equipment acquisition	2,000	3,000
Acquisition Fees waived related to finance leases, Affiliate	3,000
Debt placement fees waived	0	1,000
Equipment Management Fee	7,000	7,000
Equipment liquidation fees waived	$0	$0

Notes_Payable_Schedule_of_Note1

Notes Payable: Schedule of Notes Payable (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Long-term Debt, Gross	$508,000	$633,000
Note 1
Debt Instrument, Description	Installment notes payable to bank
Debt Instrument, Interest Rate, Stated Percentage	5.25%
Debt Instrument, Payment Terms	due in monthly installments of $4,813, including interest
Debt Instrument, Maturity Date, Description	final payment in March 2015
Long-term Debt, Gross		24,000
Note 2
Debt Instrument, Description	Installment notes payable to bank
Debt Instrument, Payment Terms	due in monthly installments ranging from $868 to $3,800, including interest
Debt Instrument, Maturity Date, Description	final payment in April 2015
Long-term Debt, Gross	1,000	21,000
Note 2 | Minimum
Debt Instrument, Interest Rate, Stated Percentage	5.25%
Note 2 | Maximum
Debt Instrument, Interest Rate, Stated Percentage	5.60%
Note 3
Debt Instrument, Description	Installment notes payable to bank
Debt Instrument, Maturity Date, Description	final payment in September 2015
Long-term Debt, Gross	30,000	45,000
Note 3 | Minimum
Debt Instrument, Interest Rate, Stated Percentage	3.95%
Note 3 | Maximum
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Note 4
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments of $398, including interest
Debt Instrument, Maturity Date, Description	final payment in October 2015
Long-term Debt, Gross	1,000	2,000
Note 5
Debt Instrument, Description	Installment notes payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments ranging from $208 to $1,217, including interest
Debt Instrument, Maturity Date, Description	final payment in November 2015
Long-term Debt, Gross	4,000	6,000
Note 6
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments of $12,708, including interest
Debt Instrument, Maturity Date, Description	final payment in July 2016
Long-term Debt, Gross	74,000	85,000
Note 7
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	5.50%
Debt Instrument, Payment Terms	due in monthly installments of $7,910, including interest
Debt Instrument, Maturity Date, Description	final payment in August 2016
Long-term Debt, Gross	129,000	150,000
Note 8
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments of $6,153, including interest
Debt Instrument, Maturity Date, Description	final payment in August 2016
Long-term Debt, Gross	36,000	41,000
Note 9
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments of $2,740, including interest
Debt Instrument, Maturity Date, Description	final payment in December 2016
Long-term Debt, Gross	18,000	21,000
Note 10
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments of $478, including interest
Debt Instrument, Maturity Date, Description	final payment in February 2017
Long-term Debt, Gross	7,000	8,000
Note 11
Debt Instrument, Description	Installment notes payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments ranging from $951 to $1,327, including interest
Debt Instrument, Maturity Date, Description	final payment in March 2017
Long-term Debt, Gross	18,000	19,000
Note 12
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.85%
Debt Instrument, Payment Terms	due in monthly installments of $922, including interest
Debt Instrument, Maturity Date, Description	final payment in March 2017
Long-term Debt, Gross	21,000	24,000
Note 13
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	1.60%
Debt Instrument, Payment Terms	due in monthly installments of $2,286, including interest
Debt Instrument, Maturity Date, Description	final payment in May 2017
Long-term Debt, Gross	58,000	65,000
Note 14
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in monthly installments of $664, including interest
Debt Instrument, Maturity Date, Description	final payment in June 2017
Long-term Debt, Gross	17,000	19,000
Note 15
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.23%
Debt Instrument, Payment Terms	due in quarterly installments of $2,711, including interest
Debt Instrument, Maturity Date, Description	final payment in May 2017
Long-term Debt, Gross	23,000	26,000
Note 16
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.85%
Debt Instrument, Payment Terms	due in monthly installments of $584, including interest
Debt Instrument, Maturity Date, Description	final payment in September 2017
Long-term Debt, Gross	17,000	18,000
Note 17
Debt Instrument, Description	Installment note payable to bank
Debt Instrument, Interest Rate, Stated Percentage	4.88%
Debt Instrument, Payment Terms	due in monthly installments of $1,852, including interest
Debt Instrument, Maturity Date, Description	final payment in October 2017
Long-term Debt, Gross	$54,000	$59,000

Notes_Payable_Details

Notes Payable (Details) (USD $)	Mar. 31, 2015
Details
Carrying Value - Equipment - Notes Payable	$771,000

Notes_Payable_Schedule_of_futu1

Notes Payable: Schedule of future aggregate payments of notes payable (Details) (USD $)	Mar. 31, 2015
Details
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$235,000
Long-term Debt, Maturities, Repayments of Principal in Year Two	223,000
Long-term Debt, Maturities, Repayments of Principal in Year Three	50,000
Long-term Debt	$508,000

Supplemental_Cash_Flow_Informa3

Supplemental Cash Flow Information: Schedule of Other noncash activities included in the determination of net loss (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Lease revenue net of interest expense on notes payable realized as a result of direct payment of principal by lessee to bank	$125,000	$172,000

Supplemental_Cash_Flow_Informa4

Supplemental Cash Flow Information: Schedule of non-cash investing and financing activities (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Debt assumed in connection with purchase of computer equipment		$62,000
Debt Instrument, Decrease, Forgiveness	$20,000

Supplemental_Cash_Flow_Informa5

Supplemental Cash Flow Information (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Fully Amortized Fees Written Off	33,000	0
Fully Depreciated Equipment Wrote-Off	$0	$78,000