Atel Capital Equipment Fund Xi 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	ATEL CAPITAL EQUIPMENT FUND XI, LLC
Entity Central Index Key	1,297,667
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		5,209,307

Balance Sheets

Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 4,741	$ 4,794
Accounts receivable, net of allowance for doubtful accounts of $4 as of June 30, 2015 and $0 as of December 31, 2014	138	126
Notes receivable, net of unearned interest income of $9 as of June 30, 2015 and $22 as of December 31, 2014	261	332
Investment in securities	44	41
Investments in equipment and leases, net of accumulated depreciation of $13,458 as of June 30, 2015 and $14,032 as of December 31, 2014	3,129	3,795
Prepaid expenses and other assets	26	32
Total assets	8,339	9,120
Accounts payable and accrued liabilities:
Managing Member	195	67
Accrued distributions to Other Members	2,344	781
Other	103	289
Non-recourse debt	231	639
Unearned operating lease income	19	83
Total liabilities	$ 2,892	$ 1,859
Commitments and contingencies
Members' capital:
Managing Member
Other Members	$ 5,447	$ 7,261
Total Members' capital	5,447	7,261
Total liabilities and Members' capital	$ 8,339	$ 9,120

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 4	$ 0
Notes receivable, unearned interest income	9	22
Investments in equipment and leases, accumulated depreciation	$ 13,458	$ 14,032

Statements of Income

Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Leasing and lending activities:
Operating leases	$ 485	$ 759	$ 1,028	$ 1,634
Direct financing leases	3	7	7	18
Interest on notes receivable	6	10	12	20
Gain (loss) on sales of lease assets and early termination of notes	304	(26)	443	144
Gain on sales or dispositions of securities		29		29
Other	2	8	128	70
Total revenues	800	787	1,618	1,915
Expenses:
Depreciation of operating lease assets	255	365	519	741
Asset management fees to Managing Member	21	27	51	76
Cost reimbursements to Managing Member and/or affiliates	51	64	100	117
Provision for (reversal of) credit losses	4		4	(1)
Amortization of initial direct costs	3	3	5	9
Interest expense	4	18	12	42
Professional fees	13	19	87	85
Outside services	6	8	19	21
Taxes on income and franchise fees	29	4	82	11
Other	9	12	21	27
Total operating expenses	395	520	900	1,128
Other income (loss), net	3	1	2	(2)
Net income	408	268	720	785
Net income:
Net income	408	268	720	785
Managing Member	190	64	190	64
Other Members	$ 218	$ 204	530	$ 721
Other Members [Member]
Expenses:
Net income			530
Net income:
Net income			$ 530
Net income per Limited Liability Company Unit (Other Members)	$ 0.04	$ 0.04	$ 0.10	$ 0.14
Weighted average number of Units outstanding	5,209,307	5,209,307	5,209,307	5,209,307

Statements of Changes in Member

Statements of Changes in Members' Capital - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Beginning Balance		$ 7,261	$ 7,224	$ 7,224
Distributions to Other Members		(2,344)		(1,563)
Distributions to Managing Member		(190)		(127)
Net income	$ 408	720	$ 785	1,727
Ending Balance	5,447	$ 5,447		$ 7,261
Other Members [Member]
Beginning Balance (in Units)		5,209,307	5,209,307	5,209,307
Beginning Balance		$ 7,261	$ 7,224	$ 7,224
Distributions to Other Members	$ (2,344)	(2,344)	$ (781)	(1,563)
Net income		$ 530		$ 1,600
Ending Balance (in Units)	5,209,307	5,209,307		5,209,307
Ending Balance	$ 5,447	$ 5,447		$ 7,261
Managing Member [Member]
Distributions to Managing Member		(190)		(127)
Net income		$ 190		$ 127

Statements of Changes in Membe6

Statements of Changes in Members' Capital (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Other Members [Member]
Distributions to Other Members, per unit	$ 0.45	$ 0.15	$ 0.45	$ 0.15	$ 0.30

Statements of Cash Flows

Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income	$ 408	$ 268	$ 720	$ 785
Adjustment to reconcile net income to cash provided by operating activities:
(Gain) loss on sales of lease assets and early termination of notes	(304)	26	(443)	(144)
Depreciation of operating lease assets	255	365	519	741
Amortization of initial direct costs	3	3	5	9
Provision for (reversal of) credit losses	4		4	(1)
Gain on sales or dispositions of securities		(29)		(29)
Changes in operating assets and liabilities:
Accounts receivable	55	45	(16)	(7)
Prepaid expenses and other assets	2	1	6	4
Accounts payable, Managing Member	(39)	(36)	2	(19)
Accounts payable, other	(46)	(4)	(186)	(37)
Unearned operating lease income	(136)	(161)	(64)	(92)
Net cash provided by operating activities	202	478	547	1,210
Investing activities:
Purchase of securities			(3)
Proceeds from sales of lease assets and early termination of notes	337	109	558	1,330
Principal payments received on direct financing leases	14	16	27	44
Principal payments received on notes receivable	36	46	71	91
Net cash provided by investing activities	387	171	653	1,465
Financing activities:
Repayments under non-recourse debt	(206)	(358)	(408)	(750)
Net cash used in financing activities	(206)	(358)	(1,253)	(1,595)
Net increase (decrease) in cash and cash equivalents	383	291	(53)	1,080
Cash and cash equivalents at beginning of period	4,358	2,208	4,794	1,419
Cash and cash equivalents at end of period	4,741	2,499	4,741	2,499
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	5	21	14	46
Cash paid during the year for taxes	85	29	85	29
Other Members [Member]
Operating activities:
Net income			530
Financing activities:
Distributions to Members			(781)	(781)
Schedule of non-cash transactions:
Distributions payable at period-end	2,344	781	2,344	781
Managing Member [Member]
Operating activities:
Net income			190
Financing activities:
Distributions to Members			(64)	(64)
Schedule of non-cash transactions:
Distributions payable at period-end	$ 190	$ 64	$ 190	$ 64

Organization and Limited Liabil

Organization and Limited Liability Company Matters	6 Months Ended
	Jun. 30, 2015
Organization and Limited Liability Company Matters [Abstract]
Organization and Limited Liability Company Matters	1. Organization and Limited Liability Company matters: ATEL Capital Equipment Fund XI, LLC (the “Company” or the “Fund” ) was formed under the laws of the State of California on June 25, 2004. The Company was formed for the purpose of acquiring equipment to engage in equipment leasing, lending and sales activities. Also, from time to time, the Company may purchase securities of its borrowers or receive warrants to purchase securities in connection with its lending arrangements. The Managing Member or Manager of the Company is ATEL Financial Services, LLC (“AFS”), a California limited liability company. The Company may continue until December 31, 2025 . Each Member’s personal liability for obligations of the Company generally will be limited to the amount of their respective contributions and rights to undistributed profits and assets of the Company. The Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $ 10 per Unit. On May 31, 2005, subscriptions for the minimum number of Units ( 120,000 , representing $ 1.2 million) had been received and AFS requested that the subscriptions be released to the Company. On that date, the Company commenced operations in its primary business (acquiring equipment to engage in equipment leasing, lending and sales activities). As of July 13, 2005, the Company had received subscriptions for 958,274 Units ($ 9.6 million), thus exceeding the $ 7.5 million minimum requirement for Pennsylvania, and AFS requested that the remaining funds in escrow (from Pennsylvania investors) be released to the Company. The Company terminated sales of Units effective April 30, 2006. Life-to-date net contributions through June 30, 2015 totaled $ 52.2 million , consisting of approximately $ 52.8 million in gross contributions from Other Members purchasing Units under the public offering less rescissions and repurchases (net of distributions paid and allocated syndication costs, as applicable) of $ 636 thousand. As of June 30, 2015 , 5,209,307 Units were issued and outstanding . The Company’s principal objectives are to invest in a diversified portfolio of equipment that (i) preserves, protects and returns the Company’s invested capital; (ii) generates regular distributions to the Members of cash from operations and cash from sales or refinancing, with any balance remaining after certain minimum distributions to be used to purchase additional equipment during the reinvestment period (“Reinvestment Period”) ( defined as six full years following the year the offering was terminated ), which ended December 31, 2012, and (iii) provides additional distributions following the Reinvestment Period and until all equipment has been sold. The Company is governed by its Limited Liability Company Operating Agreement (“Operating Agreement”), as amended. On January 1, 2013, the Company commenced liquidation phase activities pursuant to the guidelines of the Operating Agreement. Pursuant to the terms of the Operating Agreement, AFS and its affiliates receives compensation for services rendered and reimbursements for costs incurred on b ehalf of the Company (See Note 6 ). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of AFS. The Company’s 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, 2014, filed with the Securities and Exchange Commission.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2 . Summary of significant accounting policies: Basis of presentation: The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and six months ended June 30, 2015 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 of operations. Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data. In preparing the accompanying unaudited financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after June 30, 2015 up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements, or adjustments thereto. Use of estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable. Segment reporting: The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly the Company operates in one reportable operating segment in the United States. The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the six months ended June 30 , 2015 and 2014 and long-lived assets as of June 30 , 2015 and December 31, 2014 (dollars in thousands): For The Six Months Ended June 30, 2015 % of Total 2014 % of Total Revenue United States $ $ United Kingdom Total International Total $ $ As of June 30, As of December 31, 2015 % of Total 2014 % of Total Long-lived assets United States $ $ United Kingdom Total International Total $ $ Investment in securities: From time to time, the Company may purchase securities of its borrowers or receive warrants to purchase securities in connection with its lending arrangements. Purchased securities Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include , but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three and six months ended June 30 , 2015 and 2014. There were no sales or dispositions of securities during the three and six months ended June 30 , 2015 and 2014. 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. At both June 30 , 2015 and December 31, 2014, the Managing Member estimated the fair value of the warrants to be nominal in amount. During both the three and six months ended June 30, 2014, the Company realized gains of $29 thousand on the net exercise of certain warrants. There were no exercises , net or otherwise, of warrants during the three and six months ended June 30 , 2015 . Foreign currency transactions: Foreign currency transaction gains and losses are reported in the results of operations as “other income” or “other loss” in the period in which they occur. Currently, the Company does not use derivative instruments to hedge its economic exposure with respect to assets, liabilities and firm commitments as the foreign currency transactions risks to date have not been significant. Per Unit data: Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period. Recent accounting pronouncements: In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 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. As a result, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The board will also allow companies to adopt the standard as of the original effective date, which is January 2017, if they are inclined to do so. 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 has 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, which comprise the majority of the Company’s revenues . 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. 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 is currently evaluating the standard and its operational and related disclosure requirements .

Notes Receivable, Net

Notes Receivable, Net	6 Months Ended
	Jun. 30, 2015
Notes Receivable, Net [Abstract]
Notes Receivable, Net	3 . Notes receivable, net: The Company has had various notes receivable from borrowers who have financed the purchase of equipment through the Company. The notes were secured by the equipment financed. As of June 30, 2015 and December 31, 2014, only one note receivable remained unsettled with a net outstanding balance of $261 thousand and $332 thousand, respectively. Such note has an annual interest rate of 8.51% and matures in 2016 . The Company’s remaining note receivable was not deemed impaired or in non-accrual status as of June 30, 2015 and December 31, 2014. The minimum future payments receivable as of June 30, 2015 are as follows (in thousands): Six months ending December 31, 2015 $ Year ending December 31, 2016 Less: portion representing unearned interest income Notes receivable, net $

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2015
Allowance for Credit Losses [Abstract]
Allowance for Credit Losses	4. Allowance for credit losses: The allowance for credit losses at June 30, 2015 totaled $4 thousand and was solely related to delinquent operating lease receivables. There was no such allowance as of December 31, 2014. As of the same dates, t he Fund had no impaired or delinquent financing receivables.

Investments in Equipment and Le

Investments in Equipment and Leases, Net	6 Months Ended
	Jun. 30, 2015
Investments in Equipment and Leases, Net [Abstract]
Investments in Equipment and Leases, Net	5 . Investment in equipment and leases, net: The Company’s investment in leases consists of the following (in thousands): Balance December 31, 2014 Reclassifications, Additions/ Dispositions Depreciation/ Amortization Expense or Amortization of Leases Balance June 30, 2015 Net investment in operating leases $ $ $ $ Net investment in direct financing leases - Assets held for sale or lease, net - Initial direct costs, net of accumulated amortization of $34 at June 30, 2015 and $29 at December 31, 2014 - Total $ $ $ $ Impairment of investments in leases and assets held for sale or lease: 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. 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 six months ended June 30, 2015 and 2014. The Company utilizes a straight line depreciation method for equipment in all of the categories currently in its portfolio of operating lease transactions. Depreciation expense on the Company’s equipment totaled $255 thousand and $365 thousand for the respective three months ended June 30, 2015 and 2014, and $519 thousand and $741 thousand for the respective six months ended June 30, 2015 and 2014. Initial direct costs amortization expense related to the Company’s operating and direct financing leases amounted to $3 thousand for each of the three-month periods ended June 30, 2015 and 2014, and $5 thousand and $9 thousand for the respective six-month periods ended June 30, 2015 and 2014. All of the leased property was acquired during the years 2005 through 2011. Operating leases: Property on operating leases consists of the following (in thousands): Balance December 31, 2014 Additions Reclassifications or Dispositions Balance June 30, 2015 Transportation, rail $ $ - $ $ Aviation - - Transportation, other - - Marine vessels - - Materials handling - Manufacturing - - Construction - Other - - Less accumulated depreciation Total $ $ $ $ The average estimated residual value for assets on operating leases was 14% and 15% of the assets’ original cost at June 30, 2015 and December 31, 2014, respectively . There were no operating lease contracts placed in non-accrual status at June 30, 2015 and December 31, 2014. Direct financing leases: As of June 30, 2015 and December 31, 2014, investment in direct financing leases consists of construction equipment. T he components of the Company’s investment in direct financing leases as of June 30, 2015 and December 31, 2014 are as follows (in thousands) : June 30, 2015 December 31, 2014 Total minimum lease payments receivable $ $ Estimated residual values of leased equipment (unguaranteed) Investment in direct financing leases Less unearned income Net investment in direct financing leases $ $ There were no investments in direct financing lease assets in non-accrual status at June 30, 2015 and December 31, 2014. At June 30, 2015 , the aggregate amounts of future minimum lease payments to be received are as follows (in thousands): Operating Leases Direct Financing Leases Total Six months ending December 31, 2015 $ $ $ Year ending December 31, 2016 - - - - $ $ $ The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of June 30, 2015, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years): Equipment category Useful Life Transportation, rail 35 - 40 Marine vessels 20 - 30 Aviation 15 - 20 Manufacturing 10 - 15 Construction 7 - 10 Materials handling 7 - 10 Transportation, other 7 - 10

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	6 . Related party transactions: The terms of the Operating Agreement provide that AFS and/or affiliates are entitled to receive certain fees for equipment management and resale, and for management of the Company. The Operating Agreement allows for the reimbursement of costs incurred by AFS in providing administrative services to the Company. Administrative services provided include Company accounting, finance/treasury, investor relations, legal counsel and lease and equipment documentation. AFS is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of equipment. Each of ATEL Leasing Corporation (“ALC”) and AFS is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; and investor relations, communications services and general administrative services are performed by AFS. Cost reimbursements to the Managing Member are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as managed assets, number of investors or contributed capital based upon the type of cost incurred. The Operating Agreement places an annual limit and a cumulative limit for cost reimbursements to AFS and/or affiliates. Any reimbursable costs incurred by AFS and/or affiliates during the year exceeding the annual and/or cumulative limits cannot be reimbursed in the current year, though such costs may be reimbursable in future years to the extent of the cumulative limit. As of June 30, 2015 , the Company has not exceeded the annual and/or cumulative limitations discussed above. AFS and/or affiliates earned fees and billed for reimbursements of costs and expenses pursuant to the Operating Agreement as follows during the three and six months ended June 30, 2015 and 2014 (in thousands) : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Costs reimbursed to Managing Member and/or affiliates $ $ $ $ Asset management fees to Managing Member $ $ $ $

Non-Recourse Debt

Non-Recourse Debt	6 Months Ended
	Jun. 30, 2015
Non-Recourse Debt [Abstract]
Non-Recourse Debt	7 . Non-recourse debt: At June 30, 2015, non-recourse debt consists of notes payable to financial institutions. The notes are due in monthly installments. Interest on the notes is at a fixed rate of 5.95 %. The notes are secured by assignments of lease payments and pledges of assets. At June 30, 2015, gross lease rentals totaled approximately $ 221 thousand over the remaining lease terms; and the carrying value of the pledged assets is approximately $ 1. 4 million. The notes mature in 2015 . 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 t o 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. The remaining future minimum payments of non-recourse debt total $234 thousand, all of which are due and payable during 2015. The payments are comprised of principal payments totaling $231 thousand and interest payments totaling $3 thousand . The future minimum payments of non-recourse debt are in excess of the gross lease rentals at June 30, 2015 by $13 thousand due to casualties relative to the pledged assets. This is fully mitigated by the stipulated loss proceeds received to date on such casualty units.

Commitments

Commitments	6 Months Ended
	Jun. 30, 2015
Commitments [Abstract]
Commitments	8 . Commitments: At June 30, 2015 , the Company had no commitments to either purchase lease assets or fund loans.

Guarantees

Guarantees	6 Months Ended
	Jun. 30, 2015
Guarantees [Abstract]
Guarantees	9 . Guarantees: The Company enters into contracts that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote. The Managing Member knows of no facts or circumstances that would make the Company’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Company believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Company’s similar commitments is remote. Should any such indemnification obligation become payable, the Company would separately record and/or disclose such liability in accordance with GAAP.

Members' Capital

Members' Capital	6 Months Ended
	Jun. 30, 2015
Members' Capital [Abstract]
Members' Capital	10 . Members’ capital: A total of 5,209,307 Units were issued and outstanding as of June 30, 2015 and December 31, 2014. The Fund was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial members (50 Units) . The Company terminated sales of Units effective April 30, 2006. The Company has the right, exercisable at the Manager’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100 % of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund Units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Manager on terms it determines to be appropriate under given circumstances, in the event that the Manager deems such repurchase to be in the best interest of the Company; provided, the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs. Distributions to the Other Members were as follows (in thousands, except as to Units and per Unit data): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Distributions $ $ $ $ Weighted average number of Units outstanding Weighted average distributions per Unit $ $ $ $ The monthly distributions were discontinued in 2013 as the Company entered its liquidation phase. The rates and frequency of periodic distributions paid by the Fund during its liquidation phase are solely at the discretion of the Manager .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	11 . Fair value measurements: Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows: Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis, generally on a national exchange. Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market. Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability. At June 30, 2015 and December 31, 2014, only the Company’s warrants were measured on a recurring basis. The Company had no assets or liabilities requiring measurement at fair value on a non-recurring basis at June 30, 2015; however, during 2014, the Company recorded non-recurring adjustments to reduce the cost basis of an impaired security to zero. The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company’s investments in equipment, notes receivable and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources. Such fair value adjustments utilized the following methodology: 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 a Black-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 June 30, 2015 and December 31, 2014, the Company estimated the fair value of the warrants to be nominal in amount. Impaired investment securities 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. There were no fair value adjustments relative to impaired investment securities during 2015. During 2014, the Company recorded a fair value adjustment of $178 thousand to reduce the cost basis of an impaired investment security. The 100% 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 significantly reduced operating cash flows and revenues, and, to date, an unsuccessful attempt to sell the investee. 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. There were no non-recurring fair value adjustments at June 30, 2015. The following table summarizes the valuation techniques and significant unobservable inputs used for the Company’s non-recurring fair value adjustments categorized as Level 3 in the fair value hierarchy at December 31, 2014: December 31, 2014 Name Valuation Frequency Valuation Technique Unobservable Inputs Range of Input Values 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. 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 the 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 June 30, 2015 and December 31, 2014 (in thousands) : Fair Value Measurements at June 30, 2015 Carrying Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ $ $ - $ - $ Notes receivable, net - - Investment in securities - - Financial liabilities: Non-recourse debt - - Fair Value Measurements at December 31, 2014 Carrying Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ $ $ - $ - $ Notes receivable, net - - Investment in securities - - Financial liabilities: Non-recourse debt - -

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of presentation: The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three and six months ended June 30, 2015 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 of operations. Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data. In preparing the accompanying unaudited financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after June 30, 2015 up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements, or adjustments thereto.
Use of Estimates	Use of estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and for determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.
Segment Reporting	Segment reporting: The Company is not organized by multiple operating segments for the purpose of making operating decisions or assessing performance. Accordingly the Company operates in one reportable operating segment in the United States. The primary geographic regions in which the Company seeks leasing opportunities are North America and Europe. The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the six months ended June 30 , 2015 and 2014 and long-lived assets as of June 30 , 2015 and December 31, 2014 (dollars in thousands): For The Six Months Ended June 30, 2015 % of Total 2014 % of Total Revenue United States $ $ United Kingdom Total International Total $ $ As of June 30, As of December 31, 2015 % of Total 2014 % of Total Long-lived assets United States $ $ United Kingdom Total International Total $ $
Investment in Securities	Investment in securities: From time to time, the Company may purchase securities of its borrowers or receive warrants to purchase securities in connection with its lending arrangements. Purchased securities Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include , but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three and six months ended June 30 , 2015 and 2014. There were no sales or dispositions of securities during the three and six months ended June 30 , 2015 and 2014. 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. At both June 30 , 2015 and December 31, 2014, the Managing Member estimated the fair value of the warrants to be nominal in amount. During both the three and six months ended June 30, 2014, the Company realized gains of $29 thousand on the net exercise of certain warrants. There were no exercises , net or otherwise, of warrants during the three and six months ended June 30 , 2015 .
Foreign Currency Transactions	Foreign currency transactions: Foreign currency transaction gains and losses are reported in the results of operations as “other income” or “other loss” in the period in which they occur. Currently, the Company does not use derivative instruments to hedge its economic exposure with respect to assets, liabilities and firm commitments as the foreign currency transactions risks to date have not been significant.
Per Unit Data	Per Unit data: Net income and distributions per Unit are based upon the weighted average number of Other Members’ Units outstanding during the period.
Recent Accounting Pronouncements	Recent accounting pronouncements: In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 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. As a result, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The board will also allow companies to adopt the standard as of the original effective date, which is January 2017, if they are inclined to do so. 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 has 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, which comprise the majority of the Company’s revenues . 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. 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 is currently evaluating the standard and its operational and related disclosure requirements .

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Geographic Information Relating to Sources, by Nation, of Partnership's Total Revenue and Long-Lived Assets	The table below summarizes geographic information relating to the sources, by nation, of the Company’s total revenues for the six months ended June 30 , 2015 and 2014 and long-lived assets as of June 30 , 2015 and December 31, 2014 (dollars in thousands): For The Six Months Ended June 30, 2015 % of Total 2014 % of Total Revenue United States $ $ United Kingdom Total International Total $ $ As of June 30, As of December 31, 2015 % of Total 2014 % of Total Long-lived assets United States $ $ United Kingdom Total International Total $ $

Notes Receivable, Net (Tables)

Notes Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Notes Receivable, Net [Abstract]
Minimum Future Payments Receivable	The minimum future payments receivable as of June 30, 2015 are as follows (in thousands): Six months ending December 31, 2015 $ Year ending December 31, 2016 Less: portion representing unearned interest income Notes receivable, net $

Investments in Equipment and 22

Investments in Equipment and Leases, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Leases [Abstract]
Investment in Leases	The Company’s investment in leases consists of the following (in thousands): Balance December 31, 2014 Reclassifications, Additions/ Dispositions Depreciation/ Amortization Expense or Amortization of Leases Balance June 30, 2015 Net investment in operating leases $ $ $ $ Net investment in direct financing leases - Assets held for sale or lease, net - Initial direct costs, net of accumulated amortization of $34 at June 30, 2015 and $29 at December 31, 2014 - Total $ $ $ $
Property on Operating Leases	Property on operating leases consists of the following (in thousands): Balance December 31, 2014 Additions Reclassifications or Dispositions Balance June 30, 2015 Transportation, rail $ $ - $ $ Aviation - - Transportation, other - - Marine vessels - - Materials handling - Manufacturing - - Construction - Other - - Less accumulated depreciation Total $ $ $ $
Components of Company's Investment in Direct Financing Leases	T he components of the Company’s investment in direct financing leases as of June 30, 2015 and December 31, 2014 are as follows (in thousands) : June 30, 2015 December 31, 2014 Total minimum lease payments receivable $ $ Estimated residual values of leased equipment (unguaranteed) Investment in direct financing leases Less unearned income Net investment in direct financing leases $ $
Future Minimum Lease Payments Receivable	At June 30, 2015 , the aggregate amounts of future minimum lease payments to be received are as follows (in thousands): Operating Leases Direct Financing Leases Total Six months ending December 31, 2015 $ $ $ Year ending December 31, 2016 - - - - $ $ $
Schedule of Useful Lives of Assets	The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of June 30, 2015, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years): Equipment category Useful Life Transportation, rail 35 - 40 Marine vessels 20 - 30 Aviation 15 - 20 Manufacturing 10 - 15 Construction 7 - 10 Materials handling 7 - 10 Transportation, other 7 - 10

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement	AFS and/or affiliates earned fees and billed for reimbursements of costs and expenses pursuant to the Operating Agreement as follows during the three and six months ended June 30, 2015 and 2014 (in thousands) : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Costs reimbursed to Managing Member and/or affiliates $ $ $ $ Asset management fees to Managing Member $ $ $ $

Members' Capital (Tables)

Members' Capital (Tables)	6 Months Ended
	Jun. 30, 2015
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 Six Months Ended June 30, June 30, 2015 2014 2015 2014 Distributions $ $ $ $ Weighted average number of Units outstanding Weighted average distributions per Unit $ $ $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements [Abstract]
Summary Valuation Techniques and Significant Unobservable Inputs Used	The following table summarizes the valuation techniques and significant unobservable inputs used for the Company’s non-recurring fair value adjustments categorized as Level 3 in the fair value hierarchy at December 31, 2014: December 31, 2014 Name Valuation Frequency Valuation Technique Unobservable Inputs Range of Input Values 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 June 30, 2015 and December 31, 2014 (in thousands) : Fair Value Measurements at June 30, 2015 Carrying Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ $ $ - $ - $ Notes receivable, net - - Investment in securities - - Financial liabilities: Non-recourse debt - - Fair Value Measurements at December 31, 2014 Carrying Value Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ $ $ - $ - $ Notes receivable, net - - Investment in securities - - Financial liabilities: Non-recourse debt - -

Organization and Limited Liab26

Organization and Limited Liability Company Matters (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 13, 2005	Apr. 11, 2005	May. 31, 2005	Dec. 31, 2012	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Business cessation date						Dec. 31, 2025
Public offering of Limited Liability Company Units		15,000,000
Public offering of Limited Liability Company Units, price per Unit		$ 10
Sale of Limited Liability Company Units, number of Units	958,274		120,000
Proceeds from sale of Limited Liability Company Units	$ 9,600		$ 1,200
Contribution of rescissions					$ 52,200
Gross contributions from Other Members					52,800
Repurchase of Units, value					$ 636
Reinvestment period				6 years
Minimum [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Amount of aggregate subscriptions for Pennsylvania subscriptions to be released to the Fund	$ 7,500
Other Members [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Units issued					5,209,307	5,209,307	5,209,307
Units outstanding					5,209,307	5,209,307	5,209,307	5,209,307

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)segment
Summary of Significant Accounting Policies [Abstract]
Number of reportable segments | segment				1
Impairment losses on investment securities	$ 0	$ 0	$ 0	$ 0
Gain on sales and disposition of investments		$ 29		29
Gain on exercise of warrants	$ 0		$ 0	$ 29

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Summary of Geographic Information Relating to Sources, by Nation, of Partnership's Total Revenue and Long-Lived Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 800	$ 787	$ 1,618	$ 1,915
Percentage of total revenue			100.00%	100.00%
Long-lived assets	$ 3,129		$ 3,129		$ 3,795
Percentage of long lived assets	100.00%		100.00%		100.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			$ 1,604	$ 1,889
Percentage of total revenue			99.00%	99.00%
Long-lived assets	$ 3,126		$ 3,126		$ 3,792
Percentage of long lived assets	100.00%		100.00%		100.00%
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			$ 14	$ 26
Percentage of total revenue			1.00%	1.00%
Long-lived assets	$ 3		$ 3		$ 3
Percentage of long lived assets	0.00%		0.00%		0.00%
Total International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues			$ 14	$ 26
Percentage of total revenue			1.00%	1.00%
Long-lived assets	$ 3		$ 3		$ 3
Percentage of long lived assets	0.00%		0.00%		0.00%

Notes Receivable, Net (Narrativ

Notes Receivable, Net (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Notes Receivable, Net [Abstract]
Notes receivable, interest rate	8.51%	8.51%
Notes maturity period	2,016	2,016
Notes receivable, net	$ 261	$ 332

Notes Receivable, Net (Minimum

Notes Receivable, Net (Minimum Future Payments Receivable) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Notes Receivable, Net [Abstract]
Six months ending December 31, 2015	$ 82
Year ending December 31, 2016	188
Financing receivable, gross	270
Less: portion representing unearned interest income	(9)	$ (22)
Notes receivable, net	$ 261	$ 332

Allowance for Credit Losses (Na

Allowance for Credit Losses (Narrative) (Details) $ in Thousands	Jun. 30, 2015USD ($)
Allowance for Credit Losses [Abstract]
Lease receivable, allowance for credit losses	$ 4

Investments in Equipment and 32

Investments in Equipment and Leases, Net (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Investments in Equipment and Leases, Net [Abstract]
Depreciation of operating lease assets	$ 255	$ 365	$ 519	$ 741
Amortization of initial direct costs	$ 3	$ 3	$ 5	$ 9
Average estimated residual value of assets on operating leases	14.00%		14.00%		15.00%

Investments in Equipment and 33

Investments in Equipment and Leases, Net (Investment in Leases) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Leases Disclosure [Line Items]
Balance December 31, 2014	$ 3,795
Reclassifications, Additions/ Dispositions	(115)
Depreciation/ Amortization Expense or Amortization of Leases	(551)
Balance June 30, 2015	3,129
Initial direct costs, accumulated amortization	34	$ 29
Operating Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2014	3,720
Reclassifications, Additions/ Dispositions	(122)
Depreciation/ Amortization Expense or Amortization of Leases	(519)
Balance June 30, 2015	3,079
Direct Financing Leases [Member]
Leases Disclosure [Line Items]
Balance December 31, 2014	50
Depreciation/ Amortization Expense or Amortization of Leases	(27)
Balance June 30, 2015	23
Assets Held for Sale or Lease [Member]
Leases Disclosure [Line Items]
Balance December 31, 2014	1
Reclassifications, Additions/ Dispositions	7
Balance June 30, 2015	8
Initial Direct Cost [Member]
Leases Disclosure [Line Items]
Balance December 31, 2014	24
Depreciation/ Amortization Expense or Amortization of Leases	(5)
Balance June 30, 2015	$ 19

Investments in Equipment and 34

Investments in Equipment and Leases, Net (Property on Operating Leases) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 3,720
Additions	(519)
Reclassifications or Dispositions	(122)
Balance June 30, 2015	3,079
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 10,907
Additions
Reclassifications or Dispositions	$ (274)
Balance June 30, 2015	10,633
Aviation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 1,658
Additions
Reclassifications or Dispositions
Balance June 30, 2015	$ 1,658
Transportation, Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 1,543
Additions
Reclassifications or Dispositions
Balance June 30, 2015	$ 1,543
Marine Vessels [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 1,415
Additions
Reclassifications or Dispositions
Balance June 30, 2015	$ 1,415
Materials Handling [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 1,252
Additions
Reclassifications or Dispositions	$ (634)
Balance June 30, 2015	618
Manufacturing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 467
Additions
Reclassifications or Dispositions
Balance June 30, 2015	$ 467
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 498
Additions
Reclassifications or Dispositions	$ (355)
Balance June 30, 2015	143
Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 11
Additions
Reclassifications or Dispositions	$ (10)
Balance June 30, 2015	1
Total Property Subject to or Available for Operating Lease [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	$ 17,751
Additions
Reclassifications or Dispositions	$ (1,273)
Balance June 30, 2015	16,478
Less Accumulated Depreciation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Balance December 31, 2014	(14,031)
Additions	(519)
Reclassifications or Dispositions	1,151
Balance June 30, 2015	$ (13,399)

Investments in Equipment and 35

Investments in Equipment and Leases, Net (Components of Investment in Direct Financing Leases) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments in Equipment and Leases, Net [Abstract]
Total minimum lease payments receivable	$ 23	$ 57
Estimated residual values of leased equipment (unguaranteed)	6	6
Investment in direct financing leases	29	63
Less unearned income	(6)	(13)
Net investment in direct financing leases	$ 23	$ 50

Investments in Equipment and 36

Investments in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) $ in Thousands	Jun. 30, 2015USD ($)
Operating Leases
Six months ending December 31, 2015	$ 594
Year ending December 31, 2016	695
2,017	592
2,018	129
2,019	23
2,020	1
Operating Leases, Future Minimum Payments Receivable, Total	2,034
Direct Financing Leases
Six months ending December 31, 2015	12
Year ending December 31, 2016	$ 11
2,017
2,018
2,019
2,020
Capital Leases, Future Minimum Payments Receivable, Total	$ 23
Total
Six months ending December 31, 2015	606
Year ending December 31, 2016	706
2,017	592
2,018	129
2,019	23
2,020	1
Operating and Capital Leases, Future Minimum Payments, Receivable, Total	$ 2,057

Investments in Equipment and 37

Investments in Equipment and Leases, Net (Schedule of Useful Lives of Lease Assets) (Details)	6 Months Ended
	Jun. 30, 2015
Minimum [Member] | Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	35 years
Minimum [Member] | Marine Vessels [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	20 years
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] | Transportation, Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Maximum [Member] | Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	40 years
Maximum [Member] | Marine Vessels [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	30 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] | Transportation, Other [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years

Related Party Transactions (Aff

Related Party Transactions (Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Related Party Transactions [Abstract]
Cost reimbursements to Managing Member and/or affiliates	$ 51	$ 64	$ 100	$ 117
Asset management fees to Managing Member	21	27	51	76
Related party transaction, total	$ 72	$ 91	$ 151	$ 193

Non-Recourse Debt (Narrative) (

Non-Recourse Debt (Narrative) (Details) - Jun. 30, 2015 - USD ($) $ in Thousands	Total
Non-Recourse Debt [Abstract]
Fixed Interest rate on note	5.95%
Gross operating lease rentals and future payments on direct financing leases	$ 221
Carrying value of pledged assets	$ 1,400
Note maturity year	2,015
Remaining future minimum payments of non-recourse debt, total	$ 234
Remaining future minimum payments of non-recourse debt, interest	3
Remaining future minimum payments of non-recourse debt, principal	231
Future minimum payments of non-recourse debt are in excess of the gross lease rentals	$ 13

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Thousands	Jun. 30, 2015USD ($)
Commitments [Abstract]
Commitments to purchase lease assets or fund loans	$ 0

Members' Capital (Narrative) (D

Members' Capital (Narrative) (Details) - shares	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Members Capital Account [Line Items]
Potential repurchase price of Units as percentage of holder's capital account	100.00%
Other Members [Member]
Other Members Capital Account [Line Items]
Units issued	5,209,307	5,209,307
Units outstanding	5,209,307	5,209,307	5,209,307
Other Members capital account, Units authorized	15,000,000	15,000,000
Managing Member [Member]
Other Members Capital Account [Line Items]
Units issued	50	50

Members' Capital (Distributions

Members' Capital (Distributions to Other Members) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Distributions			$ 2,344		$ 1,563
Other Members [Member]
Distributions	$ 2,344	$ 781	$ 2,344	$ 781	$ 1,563
Weighted average number of Units outstanding	5,209,307	5,209,307	5,209,307	5,209,307
Weighted average distributions per Unit	$ 0.45	$ 0.15	$ 0.45	$ 0.15	$ 0.30

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - 12 months ended Dec. 31, 2014 - USD ($) $ in Thousands	Total
Fair Value Measurements [Abstract]
Percentage of fair value adjustments	100.00%
Fair value adjustments related to impaired notes receivable	$ 178

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 4,741	$ 4,794
Notes receivable, net	261	332
Investment in securities	44	41
Financial liabilities:
Non-recourse debt	234	652
Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	$ 4,741	$ 4,794
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Level 2 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents
Notes receivable, net
Investment in securities
Financial liabilities:
Non-recourse debt
Level 3 Estimated Fair Value [Member]
Financial assets:
Notes receivable, net	$ 261	$ 332
Investment in securities	44	41
Financial liabilities:
Non-recourse debt	234	652
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	4,741	4,794
Notes receivable, net	261	332
Investment in securities	44	41
Financial liabilities:
Non-recourse debt	$ 231	$ 639