ICON Equipment & Corporate Infrastructure Fund Fourteen 10-Q 12 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 08, 2013
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.	'
Document Type	'10-Q	'
Entity Central Index Key	'0001446806	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'
Document Period End Date	30-Sep-13	'
Entity Common Stock, Shares Outstanding	'	258,816
Amendment Flag	'false	'
Entity Filer Category	'Non-accelerated Filer	'

Consolidated_Balance_Sheets_un

Consolidated Balance Sheets (unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets	'	'
Cash and cash equivalents	$4,428,914	$18,719,517
Restricted Cash	9,682,652	6,838,606
Net investment in finance leases	134,882,722	140,272,169
Leased equipment at cost (less accumulated depreciation of $40,522,026 and $28,994,563, respectively)	150,413,183	161,940,646
Net investment in notes receivable	101,704,976	90,285,675
Note receivable from joint venture	2,566,036	2,442,457
Investments in joint ventures	13,721,345	5,568,255
Other assets	6,208,147	7,010,832
Total Assets	423,607,975	433,078,157
Liabilities:	'	'
Long Term debt	185,593,407	200,660,283
Derivative financial instruments	7,351,040	11,395,234
Deferred revenue	3,197,266	3,396,115
Revolving line of credit, recourse	10,500,000	0
Due to General Partner and affiliates, net	118,871	28,617
Accrued expenses and other liabilities	13,718,346	11,528,886
Total Liabilities	220,478,930	227,009,135
Partners' Equity (Deficit):	'	'
Limited Partners	189,782,918	194,412,829
General Partner	-406,194	-359,514
Total Partners' Equity	189,376,724	194,053,315
Noncontrolling Interests	13,752,321	12,015,707
Total Equity	203,129,045	206,069,022
Total Liabilities and Equity	$423,607,975	$433,078,157

Consolidated_Balance_Sheets_un1

Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Assets	'	'
Leased equipment at cost, accumulated depreciation	$40,522,026	$28,994,563

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenue:	'	'	'	'
Finance income	$3,526,464	$6,683,054	$15,359,225	$20,121,447
Rental income	7,211,599	7,916,683	21,634,797	23,740,083
Income (loss) from investments in joint ventures	399,281	79,023	995,090	-148,709
Other income (loss)	72,095	43,060	202,464	108,791
Total revenue	11,209,439	14,721,820	38,191,576	43,821,612
Expenses:	'	'	'	'
Management fees	508,348	594,416	1,471,393	2,053,922
Administrative expense reimbursements	459,530	598,621	1,571,057	2,924,407
General and administrative	354,311	426,994	1,680,107	1,554,206
Credit Loss	2,484,517	0	2,503,312	2,636,066
Depreciation	3,842,488	4,374,352	11,527,463	13,123,060
Interest	2,617,264	2,834,897	7,910,435	8,610,627
(Gain) Loss on derivative financial instruments	665,471	1,487,091	-1,326,276	4,409,838
Total expenses	10,931,929	10,316,371	25,337,491	35,312,126
Net (loss) income	277,510	4,405,449	12,854,085	8,509,486
Less: Net (loss) income attributable to noncontrolling interests	395,485	191,863	1,835,855	512,222
Net (loss) income attributable to Fund Fourteen	-117,975	4,213,586	11,018,230	7,997,264
Net (loss) income attributable to Fund Fourteen allocable to:	'	'	'	'
Limited Partners	-116,795	4,171,450	10,908,048	7,917,291
General Partner	-1,180	42,136	110,182	79,973
Net income (loss) attributable to Fund Fourteen	($117,975)	$4,213,586	$11,018,230	$7,997,264
Weighted average number of limited partnership interests outstanding	258,816	258,827	258,821	258,830
Net (loss) income attributable to Fund Fourteen per weighted average limited partnership interest outstanding	($0.45)	$16.12	$42.15	$30.59

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Partner's Equity (USD $)	Total	Partner Equity Limited Partnership Interests [Member]	Limited Partner [Member]	General Partner [Member]	Total Partners' Equity [Member]	Noncontrolling Interest [Member]
	USD ($)		USD ($)	USD ($)	USD ($)	USD ($)
Balance (unaudited) at Dec. 31, 2012	$206,069,022	'	$194,412,829	($359,514)	$194,053,315	$12,015,707
Increase (Decrease) in Partners' Capital [Roll Forward]	'	'	'	'	'	'
Net income (loss)	5,833,548	'	5,265,805	53,190	5,318,995	514,553
Cash distributions	-5,323,529	'	-5,176,532	-52,288	-5,228,820	-94,709
Shares Outstanding	'	258,827	'	'	'	'
Balance (unaudited) at Mar. 31, 2013	206,579,041	'	194,502,102	-358,612	194,143,490	12,435,551
Increase (Decrease) in Partners' Capital [Roll Forward]	'	'	'	'	'	'
Net income (loss)	6,743,027	'	5,759,038	58,172	5,817,210	925,817
Repurchase of limited partnership interests	'	'	-8,639	'	-8,639	'
Cash distributions	-5,228,751	'	-5,176,463	-52,288	-5,228,751	'
Shares Outstanding	'	258,816	'	'	'	'
Repurchase of Shares	'	-11	'	'	'	'
Balance (unaudited) at Jun. 30, 2013	208,084,678	'	195,076,038	-352,728	194,723,310	13,361,368
Increase (Decrease) in Partners' Capital [Roll Forward]	'	'	'	'	'	'
Net income (loss)	277,510	'	-116,795	-1,180	-117,975	395,485
Cash distributions	-5,233,143	'	-5,176,325	-52,286	-5,228,611	-4,532
Shares Outstanding	'	258,816	'	'	'	'
Balance (unaudited) at Sep. 30, 2013	$203,129,045	'	$189,782,918	($406,194)	$189,376,724	$13,752,321

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flow (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'
Net income (loss)	$12,854,085	$8,509,486
Adjustments to reconcile net (loss) income to net cash provided by operating activities:	'	'
Finance income, net of costs and fees	-2,376,272	-602,414
Loss (income) from investments in joint ventures	-995,090	148,709
Depreciation	11,527,463	13,123,060
Credit loss	2,503,312	2,636,066
Interest expense from amortization of debt financing costs	653,099	743,362
Interest expense, other	304,356	287,623
Other income	0	-51,605
(Gain) Loss on derivative financial instruments	-4,055,497	1,619,802
Changes in operating assets and liabilities:	'	'
Restricted cash	-2,844,046	-3,942,556
Other assets, net	85,430	-1,511,948
Accrued expenses and other liabilities	1,885,104	579,342
Deferred revenue	-198,849	-7,706
Due to General Partner and affiliates	90,254	-268,082
Distributions from joint ventures	614,158	0
Net cash provided by operating activities	20,047,507	21,263,139
Cash flows from investing activities:	'	'
Proceeds from sale of property plant and equipment	641,942	1,064,530
Principal repayment on finance leases	4,285,072	6,136,397
Investment in joint ventures	-7,977,988	-117,500
Distributions received from joint ventures in excess of profits	205,830	211,772
Investment in notes receivable	-16,702,698	-50,575,955
Proceeds From Collection Of Notes Receivable	5,570,670	17,289,686
Net cash used in investing activities	-13,977,172	-25,991,070
Cash flows from financing activities:	'	'
Proceeds from revolving line of credit	10,500,000	0
Repayment of non-recourse long-term debt	-15,066,876	-16,025,343
Investment by noncontrolling interest	0	137,500
Distributions to noncontrolling interests	-99,241	-678,830
Cash distributions to partners	-15,686,182	-15,686,708
Repurchase of limited partnership interests	-8,639	-4,486
Net cash (used in) provided by financing activities	-20,360,938	-32,257,867
Net (decrease) increase in cash and cash equivalents	-14,290,603	-36,985,798
Cash and cash equivalents, beginning of the period	18,719,517	48,783,509
Cash and cash equivalents, end of the period	4,428,914	11,797,711
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for interest	$7,596,492	$9,534,193

Basis_of_Presentation_and_Cons

Basis of Presentation and Consolidation	9 Months Ended
	Sep. 30, 2013
Basis of Presentation and Consolidation [Abstract]	'
Basis of Presentation and Consolidation	'
	(1) Basis of Presentation and Consolidation
	The accompanying consolidated financial statements of ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P. (the “Partnership”) have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Quarterly Reports on Form 10-Q.  In the opinion of the general partner of the Partnership, ICON GP 14, LLC, a Delaware limited liability company (the “General Partner”), which is a wholly-owned subsidiary of ICON Capital, LLC, a Delaware limited liability company formerly known as ICON Capital Corp. (the “Investment Manager”), all adjustments, which are of a normal recurring nature, considered necessary for a fair presentation have been included.  These consolidated financial statements should be read together with the consolidated financial statements and notes included in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2012.  The results for the interim period are not necessarily indicative of the results for the full year.
	Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve
	The Investment Manager weighs all credit decisions based on a combination of external credit ratings as well as internal credit evaluations of all borrowers. A borrower’s credit is analyzed using those credit ratings as well as the borrower’s financial statements and other financial data deemed relevant.
	As the Partnership’s financing receivables, generally notes receivable and finance leases, are limited in number, the Investment Manager is able to estimate the credit loss reserve based on a detailed analysis of each financing receivable as opposed to using portfolio-based metrics and credit loss reserve. Financing receivables are analyzed quarterly and categorized as either performing or non-performing based on payment history. If a financing receivable becomes non-performing due to a borrower’s missed scheduled payments or failed financial covenants, the Investment Manager analyzes whether a credit loss reserve should be established or whether the financing receivable should be restructured. Material events would be specifically disclosed in the discussion of each financing receivable held.
	Notes receivable are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, the Investment Manager periodically reviews the creditworthiness of companies with payments outstanding less than 90 days and based upon the Investment Manager’s judgment, these accounts may be placed in a non-accrual status.
	In accordance with the cost recovery method, payments received on non-accrual loans are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual loans is not in doubt, interest income is recognized on a cash basis. Loans in a non-accrual status may not be restored to accrual status until all delinquent payments have been received, and the Partnership believes recovery of the remaining unpaid receivable is probable.
	The Partnership charges off a loan in the period that it is deemed uncollectible and records a reduction in the allowance for loan losses and the balance of the loan.

Net_Investment_in_Notes_Receiv

Net Investment in Notes Receivable	9 Months Ended
	Sep. 30, 2013
Net Investment in Notes Receivable [Abstract]	'
Net Investment in Notes Receivable	'
	(2) Net Investment in Notes Receivable
	Net investment in notes receivable consisted of the following:
			September 30,		December 31,
			2013		2012
		Principal outstanding	$	101,519,183	$	87,750,115
		Initial direct costs		6,894,456		7,291,683
		Deferred fees		-1,733,634		-1,816,123
		Credit loss reserve		-4,975,029		-2,940,000
		Net investment in notes receivable	$	101,704,976	$	90,285,675
	On July 26, 2011, the Partnership made a secured term loan to Western Drilling Inc. and Western Landholdings, LLC (collectively “Western Drilling”) in the amount of $9,465,000. The loan bears interest at 14% per year and matures on September 1, 2016.  The loan is secured by, among other collateral, a first priority security interest in oil and gas drilling rigs and a mortgage on real property.  Due to a change in market demand, the utilization of Western Drilling’s rigs has declined which led to Western Drilling’s failure to meet recent payment obligations. As a result, the loan was placed on a non-accrual status and the Partnership recorded a credit loss of $2,484,517 during the three months ended September 30, 2013 based on the estimated value of the recoverable collateral. The carrying value of the non-accrual status loan (the estimated value of the recoverable collateral less estimated selling costs) at September 30, 2013 was $5,660,070. Finance income recognized on the impaired loan was approximately $9,000 and $635,000 for the three and nine months ended September 30, 2013, respectively. As a non-accrual status loan, any future change in the fair value of the recoverable collateral will be recorded as an adjustment to credit loss.  However, the net carrying amount of the loan shall at no time exceed the recorded investment in the loan at the time it was deemed impaired.
	On March 9, 2012, the Partnership made a term loan in the amount of $7,500,000 to Kanza Construction, Inc. The loan bore interest at 13% per year and was for a period of 60 months. The loan was secured by all of Kanza’s assets. As a result of Kanza’s unexpected financial hardship and failure to meet certain payment obligations, the loan was placed on a non-accrual status and the Partnership recorded a credit loss reserve of $2,940,000 during the year ended December 31, 2012 based on the estimated value of the recoverable collateral. During the nine months ended September 30, 2013, the Partnership recorded an additional credit loss reserve of approximately $19,000 based on cash proceeds of approximately $754,000 received from the sale of the collateral. No finance income was recognized on the impaired loan during the nine months ended September 30, 2013. As of September 30, 2013, the Partnership has fully reserved the remaining balance of the loan of $2,958,795. The Partnership continues to pursue all legal remedies to obtain payment.
	On March 1, 2013, the Partnership made a secured term loan in the amount of $4,800,000 to Heniff Transportation Systems, LLC and Heniff TTL, LLC (collectively, “Heniff”). The loan bears interest at 12.25% per year and is for a period of 42 months.  The loan is secured by, among other things, a second priority security interest in Heniff’s assets, including tractors and stainless steel tank trailers.
	On September 3, 2013, EMS Enterprise Holdings, LLC, EMS Holdings II, LLC, EMS Engineered Materials Solutions, LLC, EMS CUP, LLC and EMS EUROPE, LLC (collectively, “EMS”) satisfied its obligation in connection with a term loan scheduled to mature on September 1, 2014 by making a prepayment of approximately $2,135,000 to the Partnership, comprised of all outstanding principal, accrued and unpaid interest, and prepayment fees of $108,750. As a result, the Partnership recognized additional finance income of approximately $84,000.
	On September 16, 2013, the Partnership made a secured term loan in the amount of $9,000,000 to Cenveo Corporation (“Cenveo”). The loan bears interest at the London Interbank Offered Rate (“LIBOR”) plus 11.0% per year and is for a period of 60 months. The loan is secured by a first priority security interest in specific equipment used to produce, print, fold, and package printed commercial envelopes. Subsequent to September 30, 2013, the Partnership borrowed $5,850,000 of non-recourse long-term debt secured by the Partnership’s interest in the secured term loan to, and collateral from, Cenveo.
	On September 25, 2013, the Partnership, together with a third-party creditor, made a senior secured term loan (the “Loan”) to Asphalt Carrier Shipping Company Limited (“Asphalt”), of which the Partnership’s share is $2,200,000 (the “Partnership Loan”). The Partnership Loan bears interest at 15.5% per year and matures on December 31, 2018. The Loan is secured by a first priority security interest in Asphalt’s vessel, earnings from the vessel and the equity interests of Asphalt. In accordance with the loan agreement, proceeds from the repayment of the Loan and enforcement of any security interest will first be provided to the third-party creditor and then to the Partnership.

Net_Investment_in_Finance_Leas

Net Investment in Finance Leases	9 Months Ended
	Sep. 30, 2013
Net Investment in Finance Leases [Abstract]	'
Net Investment in Finance Leases	'
	(3) Net Investment in Finance Leases
	Net investment in finance leases consisted of the following:
			September 30,		December 31,
			2013		2012
		Minimum rents receivable	$	176,751,348	$	188,100,132
		Estimated residual values		2,217,587		2,859,529
		Initial direct costs		2,039,751		2,538,602
		Unearned income		-46,125,964		-53,226,094
		Net investment in finance leases	$	134,882,722	$	140,272,169
	On February 28, 2013, Global Crossing Telecommunications, Inc. (“Global Crossing”) exercised its option to purchase certain telecommunications equipment at lease expiration for approximately $642,000. No gain or loss was recorded as a result of the transaction.
	The Partnership has three vessels subject to bareboat charters with subsidiaries of Geden Holdings Ltd. (“Geden”), which expire between June 2016 and October 2017. As a result of the depressed shipping market and historically low time charter rates, Geden’s subsidiaries only partially satisfied their lease payment obligations. During the three months ended June 30, 2013, the outstanding amount became more than 90 days past due and the Partnership placed the leases on a non-accrual status. Since then, the Partnership has recognized finance income on a cash basis. The Investment Manager is currently in discussions with Geden’s management team and has determined that no credit loss reserve is required at September 30, 2013.

Leased_Equipment_at_Cost

Leased Equipment at Cost	9 Months Ended
	Sep. 30, 2013
Leased Equipment at Cost [Abstract]	'
Leased Equipment at Cost	'
	(4) Leased Equipment at Cost
	Leased equipment at cost consisted of the following:
				September 30,		December 31,
				2013		2012
		Packaging equipment		$	6,535,061	$	6,535,061
		Motor coaches			9,795,148		9,795,148
		Marine - crude oil tankers			174,605,000		174,605,000
			Leased equipment at cost		190,935,209		190,935,209
		Less: accumulated depreciation			40,522,026		28,994,563
			Leased equipment at cost, less accumulated depreciation	$	150,413,183	$	161,940,646
	Depreciation expense was $3,842,488 and $4,374,352 for the three months ended September 30, 2013 and 2012, respectively. Depreciation expense was $11,527,463 and $13,123,060 for the nine months ended September 30, 2013 and 2012, respectively.

Investments_in_Joint_Ventures

Investments in Joint Ventures	9 Months Ended
	Sep. 30, 2013
Investments in Joint Ventures [Abstract]	'
Investments in Joint Ventures	'
	(5) Investment in Joint Ventures
	On February 15, 2013, the Partnership, through a joint venture owned 38% by the Partnership, 58% by ICON ECI Fund Fifteen, L.P. (“Fund Fifteen”) and 4% by ICON ECI Partners L.P. (“ECI Partners”), each an entity also managed by the Investment Manager,  purchased onshore oil field services equipment from Go Frac, LLC (“Go Frac”) for approximately $11,804,000. Simultaneously, the equipment was leased back to Go Frac for a period of 45 months, expiring on November 30, 2016. On July 19, 2013, the joint venture purchased additional onshore oil field services equipment from Go Frac for approximately $165,000 which was leased back to Go Frac for a period of 45 months, expiring on April 30, 2017. The Partnership’s total contribution to the joint venture was approximately $3,606,000.
	On April 2, 2013, the Partnership, through two joint ventures each owned 45% by the Partnership and 55% by Fund Fifteen, purchased two chemical tanker vessels, the Ardmore Capella and the Ardmore Calypso, from wholly-owned subsidiaries of Ardmore Shipholding Limited (“Ardmore”).  Simultaneously, the vessels were bareboat chartered back to the Ardmore subsidiaries for a period of five years.  The aggregate purchase price for the vessels was funded by $8,850,000 in cash, $22,750,000 of financing through non-recourse long-term debt and $5,500,000 of financing through subordinated, non-interest-bearing seller’s credits. The Partnership’s contribution to the joint venture was approximately $4,361,000.
	On May 30, 2013, ICON Atlas, LLC (“ICON Atlas”), a joint venture owned 40.53% by the Partnership, 49.54% by ICON Leasing Fund Twelve, LLC (“Fund Twelve”), an entity also managed by the Investment Manager, and 9.93% by Hardwood Partners, LLC, in accordance with the terms of a lease, sold eight gas compressors to Atlas Pipeline Mid-Continent, LLC (“Atlas”) for $7,500,000. Simultaneously, the joint venture prepaid and satisfied its non-recourse debt obligation with Wells Fargo Equipment Finance, Inc. (“Wells Fargo”), secured by the gas compressors, for $7,500,000.

NonRecourse_LongTerm_Debt

Non-Recourse Long-Term Debt	9 Months Ended
	Sep. 30, 2013
Non-Recourse Long-Term Debt [Abstract]	'
Non-Recourse Long-Term Debt	'
	(6) Non-Recourse Long-Term Debt
	As of September 30, 2013 and December 31, 2012, the Partnership had non-recourse long-term debt obligations of $185,593,407 and $200,660,283, respectively, with maturity dates ranging from March 29, 2014 to March 29, 2021, and interest rates ranging from 4.555% to 12% per year, some of which were fixed after giving effect to the respective interest rate swap agreements.
	The Partnership, through certain subsidiaries of its joint venture with Fund Twelve, borrowed $128,000,000 (the “Senior Debt”) in connection with the acquisition of the vessels on bareboat charter to AET Inc. Limited (collectively, the “AET Vessels”).  The joint venture also borrowed $22,000,000 of subordinated non-recourse long-term debt from an unaffiliated third party (the “Sub Debt”).
	On April 20, 2012, the joint venture with the AET Vessels was notified of an event of default on the Senior Debt. Due to a change in the fair value of the AET Vessels, a provision in the Senior Debt loan agreement restricts the Partnership’s ability to utilize cash generated by the charters of the AET Vessels as of January 12, 2012 for purposes other than paying the Senior Debt. Charter payments in excess of the Senior Debt loan service are held in reserve by the Senior Debt lender until such time as the restriction is cured. Once cured, the reserves will be released to the Partnership. At September 30, 2013, $7,282,652 was included in restricted cash. While this restriction is in place, the Partnership is prevented from applying the charter proceeds to the Sub Debt. As a result of the Partnership’s failure to make required Sub Debt loan payments from June 2012 through September 2013, the Sub Debt lender has certain rights, including step-in rights, which allow it to collect cash generated from the charters until such time as the Sub Debt lender has received all unpaid amounts. The Sub Debt lender has reserved, but not exercised, its rights under the loan agreement.
	The Partnership was notified of an event of default related to certain financial covenants in connection with the non-recourse long-term debt associated with the vessels on bareboat charter to Fantastic Shipping Ltd., Amazing Shipping Ltd. and Center Navigation Ltd., each subsidiaries of Geden, as a result of reduced charter hire payments. The lender has reserved, but not exercised, its rights under the loan agreement.

Revolving_Line_of_Credit_Recou

Revolving Line of Credit, Recourse	9 Months Ended
	Sep. 30, 2013
Revolving Line of Credit, Recourse [Abstract]	'
Revolving Line of Credit, Recourse	'
	(7) Revolving Line of Credit, Recourse
	On May 10, 2011, the Partnership entered into an agreement with California Bank & Trust (“CB&T”) for a revolving line of credit of up to $15,000,000 (the “Facility”), which is secured by all of the Partnership’s assets not subject to a first priority lien. Amounts available under the Facility are subject to a borrowing base that is determined, subject to certain limitations, based on the present value of the future receivables under certain loans and lease agreements in which the Partnership has a beneficial interest. At September 30, 2013, the Partnership had $4,500,000 available under the Facility pursuant to the borrowing base.
	The Facility has been extended through March 31, 2015.  The interest rate for general advances under the Facility is CB&T’s prime rate.  The Partnership may elect to designate up to five advances on the outstanding principal balance of the Facility to bear interest at LIBOR plus 2.5% per year.  In all instances, borrowings under the Facility are subject to an interest rate floor of 4.0% per year. In addition, the Partnership is obligated to pay an annualized 0.5% fee on unused commitments under the Facility.
	At September 30, 2013, the Partnership had $10,500,000 outstanding under the Facility. Subsequent to September 30, 2013, the Partnership repaid the $10,500,000.
	At September 30, 2013, the Partnership was in compliance with all covenants related to the Facility.

Transactions_with_Related_Part

Transactions with Related Parties	9 Months Ended
	Sep. 30, 2013
Transactions with Related Parties [Abstract]	'
Transactions with Related Parties	'
	(8) Transactions with Related Parties
	The Partnership paid distributions to the General Partner of $52,286 and $156,862 for the three and nine months ended September 30, 2013, respectively. The Partnership paid distributions to the General Partner of $52,289 and $156,867 for the three and nine months ended September 30, 2012, respectively. Additionally, the General Partner’s interest in the net (loss) income attributable to the Partnership was $(1,180) and $110,182 for the three and nine months ended September 30, 2013, respectively. The General Partner’s interest in the net income attributable to the Partnership was $42,136 and $79,973 for the three and nine months ended September 30, 2012, respectively.
	Fees and other expenses paid or accrued by the Partnership to the General Partner or its affiliates were as follows:
					Three Months Ended September 30,				Nine Months Ended September 30,
		Entity	Capacity	Description	2013		2012		2013		2012
		ICON Capital, LLC	Investment	Acquisition fees (1)
			Manager		$	317,843	$	979,806	$	1,550,049	$	2,543,402
		ICON Capital, LLC	Investment	Management fees (2)
			Manager			508,348		594,416		1,471,393		2,053,922
		ICON Capital, LLC	Investment	Administrative
			Manager	expense
				reimbursements(2)		459,530		598,621		1,571,057		2,924,407
					$	1,285,721	$	2,172,843	$	4,592,499	$	7,521,731
		(1) Amount capitalized and amortized to operations.
		(2) Amount charged directly to operations.
	At September 30, 2013, the Partnership had a net payable of $118,871 due to the General Partner and its affiliates that primarily consisted of payables due to an affiliate related to such affiliate’s noncontrolling interest in a joint venture with the Partnership. At December 31, 2012, the Partnership had a net payable of $28,617 due to the General Partner and its affiliates that primarily consisted of administrative expense reimbursements.
	At September 30, 2013 and December 31, 2012, the Partnership had a note receivable from a joint venture of $2,566,036 and $2,442,457, respectively, and accrued interest of approximately $29,000 and $28,000, respectively. The accrued interest is included in other assets on the consolidated balance sheets.  For the three and nine months ended September 30, 2013, interest income relating to the note receivable from the joint venture of approximately $101,000 and $294,000, respectively, was recognized and included in finance income on the consolidated statements of operations. For the three and nine months ended September 30, 2012, interest income relating to the note receivable from the joint venture of approximately $104,000 and $345,000, respectively, was recognized and included in finance income on the consolidated statements of operations.

Derivative_Financial_Instrumen

Derivative Financial Instruments

9 Months Ended

Sep. 30, 2013

Derivative Financial Instruments [Abstract]

'

Derivative Financial Instruments

'

(9) Derivative Financial Instruments

The Partnership may enter into derivative financial instruments for purposes of hedging specific financial exposures, including movements in foreign currency exchange rates and changes in interest rates on its non-recourse long-term debt. The Partnership enters into these instruments only for hedging underlying exposures. The Partnership does not hold or issue derivative financial instruments for purposes other than hedging, except for warrants, which are not hedges. Certain derivatives may not meet the established criteria to be designated as qualifying accounting hedges, even though the Partnership believes that these are effective economic hedges.

The Partnership recognizes all derivative financial instruments as either assets or liabilities on the consolidated balance sheets and measures those instruments at fair value. Changes in the fair value of such instruments are recognized immediately in earnings unless certain criteria are met. These criteria demonstrate that the derivative is expected to be highly effective at offsetting changes in the fair value or expected cash flows of the underlying exposure at both the inception of the hedging relationship and on an ongoing basis and include an evaluation of the counterparty risk and the impact, if any, on the effectiveness of the derivative. If these criteria are met, which the Partnership must document and assess at inception and on an ongoing basis, the Partnership recognizes the changes in fair value of such instruments in accumulated other comprehensive income (loss), a component of equity on the consolidated balance sheets. Changes in the fair value of the ineffective portion of all derivatives are recognized immediately in earnings.

Interest Rate Risk

The Partnership’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements on its variable long-term debt. The Partnership’s strategy to accomplish these objectives is to match the projected future cash flows with the underlying debt service. Each interest rate swap involves the receipt of floating-rate interest payments from a counterparty in exchange for the Partnership making fixed-rate interest payments over the life of the agreement without exchange of the underlying notional amount.

Counterparty Risk

The Partnership manages exposure to possible defaults on derivative financial instruments by monitoring the concentration of risk that the Partnership has with any individual bank and through the use of minimum credit quality standards for all counterparties. The Partnership does not require collateral or other security in relation to derivative financial instruments. Since it is the Partnership’s policy to enter into derivative contracts only with banks of internationally acknowledged standing and the fair value of the Partnership’s derivatives is in a liability position, the Partnership considers the counterparty risk to be remote.

As of September 30, 2013 and December 31, 2012, the Partnership had only warrants in an asset position that were not material to the consolidated financial statements; therefore, the Partnership considers the counterparty risk to be remote.

As of September 30, 2013 and December 31, 2012, the fair value of the derivatives in a liability position was $7,351,040 and $11,395,234, respectively. Derivative contracts may contain credit-risk related contingent features that can trigger a termination event, such as maintaining specified financial ratios. In the event that the Partnership would be required to settle its obligations under the derivative contracts as of September 30, 2013 and December 31, 2012, the termination value would be $7,667,621 and $12,202,772, respectively.

Non-designated Derivatives

As of September 30, 2013 and December 31, 2012, the Partnership had five interest rate swaps with DVB Bank SE that are not designated and not qualifying as cash flow hedges with an aggregate notional amount of $131,535,000 and $144,615,000, respectively. These interest rate swaps are not speculative and are used to meet the Partnership’s objectives in using interest rate derivatives to add stability to interest expense and to manage its exposure to interest rate movements.

Additionally, the Partnership holds warrants that are held for purposes other than hedging. All changes in the fair value of the interest rate swaps not designated as hedges and the warrants are recorded directly in earnings, which is included in loss (gain) on derivative financial instruments.

The table below presents the fair value of the Partnership’s derivative financial instruments as well as their classification within the Partnership’s consolidated balance sheets as of September 30, 2013 and December 31, 2012:

Asset Derivatives

Liability Derivatives

Balance Sheet

30-Sep-13

31-Dec-12

Balance Sheet

30-Sep-13

31-Dec-12

Location

Fair Value

Fair Value

Location

Fair Value

Fair Value

Derivatives not designated as hedging instruments:

Interest rate swaps

$

-

$

-

Derivative financial instruments

$

7,351,040

$

11,395,234

Warrants

Other assets

$

64,459

$

53,156

$

-

$

-

The Partnership’s derivative financial instruments not designated as hedging instruments generated a loss on derivative financial instruments on the consolidated statements of operations for the three months ended September 30, 2013 and 2012 of $665,471 and $1,487,091, respectively. The loss recorded for the three months ended September 30, 2013 was comprised of losses of $661,129 relating to interest rate swap contracts and $4,342 relating to warrants. The loss recorded for the three months ended September 30, 2012 was comprised of losses of $1,487,091 relating to interest rate swap contracts. The Partnership’s derivative financial instruments not designated as hedging instruments generated a (gain) loss on derivative financial instruments on the consolidated statements of operations for the nine months ended September 30, 2013 and 2012 of $(1,326,276) and $4,409,838, respectively. The gain recorded for the nine months ended September 30, 2013 was comprised of gains of $1,314,973 relating to interest rate swap contracts and $11,303 relating to warrants. The loss recorded for the nine months ended September 30, 2012 was comprised of losses of $4,409,838 relating to interest rate swap contracts. These amounts were recorded as a component of loss (gain) on derivative financial instruments on the consolidated statements of operations.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2013
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	(10) Fair Value Measurements
	Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:
		Level 1:	Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.
		Level 2:	Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.
		Level 3:	Pricing inputs that are generally unobservable and are supported by little or no market data.
	Financial Assets and Liabilities Measured on a Recurring Basis
	Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Investment Manager’s assessment, on the Partnership’s behalf, of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of the assets and liabilities being measured and their placement within the fair value hierarchy.
	The following table summarizes the valuation of the Partnership’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2013:
				Level 1			Level 2			Level 3			Total
		Assets:
			Warrants	$	-		$	-		$	64,459		$	64,459
		Liabilities:
			Derivative financial instruments	$	-		$	7,351,040		$	-		$	7,351,040
	The following table summarizes the valuation of the Partnership’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012:
				Level 1			Level 2			Level 3			Total
		Assets:
			Warrants	$	-		$	-		$	53,156		$	53,156
		Liabilities:
			Derivative financial instruments	$	-		$	11,395,234		$	-		$	11,395,234
	The Partnership’s derivative financial instruments, including interest rate swaps and warrants, are valued using quoted market prices available in active markets for identical assets or liabilities or models based on readily observable or unobservable market parameters for all substantial terms of the Partnership’s derivative financial instruments and are classified within Level 2 or Level 3. As permitted by the accounting pronouncements, the Partnership uses market prices and pricing models for fair value measurements of its derivative financial instruments.
	Interest Rate Swaps
	The Partnership utilizes a model that incorporates common market pricing methods as well as underlying characteristics of the particular swap contract for fair value measurements of its interest rate swaps, which are classified within Level 2. Interest rate swaps are modeled by incorporating such inputs as the term to maturity, LIBOR swap curves, Overnight Index Swap (“OIS”) curves and the payment rate on the fixed portion of the interest rate swap. Thereafter, the Partnership compares third party quotations received to its own estimate of fair value to evaluate for reasonableness. The fair value of the interest rate swaps was recorded in derivative financial instruments within the consolidated balance sheets.
	As of January 1, 2013, the Partnership made two significant, but related, changes to its derivatives valuation methodology: (1) changing from LIBOR-based discount factors to OIS-based discount factors; and (2) changing from a traditional LIBOR swap curve to a dual-curve including both the LIBOR swap curve and the OIS curve. The Partnership made the changes to better align its inputs, assumptions, and pricing methodologies with those used in its principal market by most dealers and major market participants.  The change in valuation methodology is applied prospectively as a change in accounting estimate and is not material to the Partnership’s consolidated financial statements.
	Warrants
	As of September 30, 2013 and December 31, 2012, the Partnership’s warrants were valued using the Black-Scholes-Merton pricing model based on observable and unobservable inputs that are significant to the fair value measurement and are classified within Level 3. Unobservable inputs used in the Black-Scholes-Merton pricing model include, but are not limited to, the expected stock price volatility and the expected period until the warrants are exercised. In addition, one of the significant inputs used in the fair value measurement of the Partnership’s warrants at September 30, 2013 was the observable closing price of the company’s stock on the date of measurement as opposed to the use of an enterprise value to earnings before interest, taxes, depreciation and amortization multiple of 3.01x at December 31, 2012. The change in the input from December 31, 2012 was due to the company that issued the warrants completing its listing on a public exchange during the second quarter of 2013. Increases or decreases of these inputs would result in a higher or lower fair value measurement.
	The fair value of the warrants was recorded in other assets within the consolidated balance sheets. The unrealized gain on the change in fair value of the warrants was recorded in loss (gain) on derivative financial instruments on the consolidated statements of operations.
	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
	The Partnership is required, on a nonrecurring basis, to adjust the carrying value or provide valuation allowances for certain assets and liabilities using fair value measurements. The valuation of the Partnership’s financial assets, such as notes receivable or direct financing leases, is included below only when fair value has been measured and recorded based on the fair value of the underlying collateral. The following tables summarize the valuation of the Partnership’s material financial assets measured at fair value on a nonrecurring basis, of which the fair value information presented is not current but rather as of the date the impairment was recorded, and the carrying value of the assets as of September 30, 2013 and December 31, 2012:
															Credit loss for the
			Carrying Value at				Fair Value at Impairment Date								Three Months Ended
			30-Sep-13			Level 1			Level 2			Level 3			30-Sep-13
		Net investment in note receivable	$	5,660,070		$	-		$	-		$	5,660,070		$	2,016,234
															Credit loss for the
			Carrying Value at				Fair Value at Impairment Date								Three Months Ended
			31-Dec-12			Level 1			Level 2			Level 3			30-Sep-12
		Net investment in note receivable	$	773,031		$	-		$	-		$	4,560,000		$	2,940,000
	The Partnership’s collateral dependent note receivable was valued using inputs that are generally unobservable and supported by little or no market data and are classified within Level 3. The Partnership utilized a market approach based on published market prices for fair value measurements of the collateral underlying the note receivable, adjusted by the Investment Manager to reflect the age and location of such collateral.
	Assets and Liabilities for which Fair Value is Disclosed
	Certain of the Partnership’s financial assets and liabilities, which include fixed-rate notes receivable, fixed-rate non-recourse long-term debt and other liabilities, in which fair value is required to be disclosed, were valued using inputs that are generally unobservable and supported by little or no market data and are therefore classified within Level 3. As permitted by the accounting pronouncements, the Partnership uses projected cash flows for fair value measurements of these financial assets and liabilities. Fair value information with respect to certain of the Partnership’s other assets and liabilities is not separately provided since (i) the current accounting pronouncements do not require fair value disclosures of lease arrangements and (ii) the carrying value of financial assets, other than lease-related investments, and the recorded value of recourse debt approximate fair value due to their short-term maturities and variable interest rates.
	The estimated fair value of the Partnership’s fixed-rate notes receivable, fixed-rate non-recourse long-term debt and other liabilities was based on the discounted value of future cash flows related to the loans based on recent transactions of this type. Principal outstanding on fixed-rate notes receivable was discounted at rates ranging between 10% and 15.5% per year. Principal outstanding on fixed-rate non-recourse long-term debt and other liabilities was discounted at rates ranging between 5.25% and 12% per year.
			30-Sep-13
						Fair Value
			Carrying Value			(Level 3)
		Principal outstanding on fixed-rate notes receivable	$	99,110,190		$	99,309,126
		Principal outstanding on fixed-rate non-recourse long-term debt	$	53,323,407		$	54,157,173
		Other liabilities	$	7,787,142		$	7,829,343

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	(11) Commitments and Contingencies
	At the time the Partnership acquires or divests of its interest in a diverse pool of business essential equipment and corporate infrastructure (collectively, “Capital Assets”), the Partnership may, under very limited circumstances, agree to indemnify the seller or buyer for specific contingent liabilities.  The General Partner believes that any liability of the Partnership that may arise as a result of any such indemnification obligations will not have a material adverse effect on the consolidated financial condition or results of operations of the Partnership taken as a whole.
	On September 27, 2010, the Partnership’s wholly-owned subsidiary, ICON SE, LLC (“ICON SE”), participated in a $46,000,000 facility by agreeing to make a secured term loan to SE Shipping Pte. Ltd. (“SE”) for the purchase of a new-build heavy lift vessel and accompanying equipment.  Although all of the material conditions to closing were satisfied, SE breached its obligations under the loan by refusing to draw down on the facility. Subsequently, ICON SE commenced an action against SE in the United Kingdom for SE’s failure to pay ICON SE the commitment fee due in accordance with the loan agreement.
	In connection with certain investments, the Partnership is required to maintain restricted cash balances with certain banks. At September 30, 2013 and December 31, 2012, the Partnership had restricted cash of $9,682,652 and $6,838,606, respectively.

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2013
Subsequent Event [Abstract]	'
Subsequent Event [Text Block]	'
	(12) Subsequent Event
	On October 4, 2013, Platinum Energy Solutions, Inc. and Platinum Pressure Pumping, Inc. (collectively, “Platinum”) satisfied its obligation related to a secured term loan scheduled to mature on January 1, 2017 by making a prepayment of approximately $8,780,000.
	On October 31, 2013, the Partnership borrowed $5,850,000 of non-recourse long-term debt secured by the Partnership’s interest in the secured term loan to, and collateral from, Cenveo. The loan matures on October 1, 2018 and bears interest at LIBOR plus 6.5% per year.

Basis_of_Presentation_and_Cons1

Basis of Presentation and Consolidation (Policies)	9 Months Ended
	Sep. 30, 2013
Basis of Presentation and Consolidation [Abstract]	'
Credit Quality of Notes Receivable	'
	Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve
	The Investment Manager weighs all credit decisions based on a combination of external credit ratings as well as internal credit evaluations of all borrowers. A borrower’s credit is analyzed using those credit ratings as well as the borrower’s financial statements and other financial data deemed relevant.
	As the Partnership’s financing receivables, generally notes receivable and finance leases, are limited in number, the Investment Manager is able to estimate the credit loss reserve based on a detailed analysis of each financing receivable as opposed to using portfolio-based metrics and credit loss reserve. Financing receivables are analyzed quarterly and categorized as either performing or non-performing based on payment history. If a financing receivable becomes non-performing due to a borrower’s missed scheduled payments or failed financial covenants, the Investment Manager analyzes whether a credit loss reserve should be established or whether the financing receivable should be restructured. Material events would be specifically disclosed in the discussion of each financing receivable held.
	Notes receivable are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, the Investment Manager periodically reviews the creditworthiness of companies with payments outstanding less than 90 days and based upon the Investment Manager’s judgment, these accounts may be placed in a non-accrual status.
	In accordance with the cost recovery method, payments received on non-accrual loans are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual loans is not in doubt, interest income is recognized on a cash basis. Loans in a non-accrual status may not be restored to accrual status until all delinquent payments have been received, and the Partnership believes recovery of the remaining unpaid receivable is probable.
	The Partnership charges off a loan in the period that it is deemed uncollectible and records a reduction in the allowance for loan losses and the balance of the loan.

Net_Investment_in_Notes_Receiv1

Net Investment in Notes Receivable (Tables)	9 Months Ended
	Sep. 30, 2013
Net Investment in Notes Receivable [Abstract]	'
Net Investments in Notes Receivable	'
			September 30,		December 31,
			2013		2012
		Principal outstanding	$	101,519,183	$	87,750,115
		Initial direct costs		6,894,456		7,291,683
		Deferred fees		-1,733,634		-1,816,123
		Credit loss reserve		-4,975,029		-2,940,000
		Net investment in notes receivable	$	101,704,976	$	90,285,675

Net_Investment_in_Finance_Leas1

Net Investment in Finance Leases (Tables)	9 Months Ended
	Sep. 30, 2013
Net Investment in Finance Leases [Abstract]	'
Net investment in finance leases	'
			September 30,		December 31,
			2013		2012
		Minimum rents receivable	$	176,751,348	$	188,100,132
		Estimated residual values		2,217,587		2,859,529
		Initial direct costs		2,039,751		2,538,602
		Unearned income		-46,125,964		-53,226,094
		Net investment in finance leases	$	134,882,722	$	140,272,169

Leased_Equipment_at_Cost_Table

Leased Equipment at Cost (Tables)	9 Months Ended
	Sep. 30, 2013
Leased Equipment at Cost [Abstract]	'
Leased equipment at cost	'
				September 30,		December 31,
				2013		2012
		Packaging equipment		$	6,535,061	$	6,535,061
		Motor coaches			9,795,148		9,795,148
		Marine - crude oil tankers			174,605,000		174,605,000
			Leased equipment at cost		190,935,209		190,935,209
		Less: accumulated depreciation			40,522,026		28,994,563
			Leased equipment at cost, less accumulated depreciation	$	150,413,183	$	161,940,646

Transactions_with_Related_Part1

Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 2013
Transactions with Related Parties [Abstract]	'
Fees and expenses paid or accrued	'
					Three Months Ended September 30,				Nine Months Ended September 30,
		Entity	Capacity	Description	2013		2012		2013		2012
		ICON Capital, LLC	Investment	Acquisition fees (1)
			Manager		$	317,843	$	979,806	$	1,550,049	$	2,543,402
		ICON Capital, LLC	Investment	Management fees (2)
			Manager			508,348		594,416		1,471,393		2,053,922
		ICON Capital, LLC	Investment	Administrative
			Manager	expense
				reimbursements(2)		459,530		598,621		1,571,057		2,924,407
					$	1,285,721	$	2,172,843	$	4,592,499	$	7,521,731
		(1) Amount capitalized and amortized to operations.
		(2) Amount charged directly to operations.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Financial Instruments [Abstract]

'

Derivative financial instruments in consolidated balance sheets

'

Asset Derivatives

Liability Derivatives

Balance Sheet

30-Sep-13

31-Dec-12

Balance Sheet

30-Sep-13

31-Dec-12

Location

Fair Value

Fair Value

Location

Fair Value

Fair Value

Derivatives not designated as hedging instruments:

Interest rate swaps

$

-

$

-

Derivative financial instruments

$

7,351,040

$

11,395,234

Warrants

Other assets

$

64,459

$

53,156

$

-

$

-

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended																12 Months Ended
	Sep. 30, 2013																Dec. 31, 2012
Fair Value Measurements [Abstract]	'																'
Financial assets and liabilities measured at fair value on a recurring basis	'																'
				Level 1			Level 2			Level 3			Total							Level 1		Level 2		Level 3		Total
		Assets:																Assets:
			Warrants	$	-		$	-		$	64,459		$	64,459					Warrants	$	-	$	-	$	53,156	$	53,156
		Liabilities:																Liabilities:
			Derivative financial instruments	$	-		$	7,351,040		$	-		$	7,351,040					Derivative financial instruments	$	-	$	11,395,234	$	-	$	11,395,234
Estimated fair value of fixed rate notes receivable, fixed rate non-recourse long-term debt and other liabilities	'																'
			30-Sep-13
						Fair Value
			Carrying Value			(Level 3)
		Principal outstanding on fixed-rate notes receivable	$	99,110,190		$	99,309,126
		Principal outstanding on fixed-rate non-recourse long-term debt	$	53,323,407		$	54,157,173
		Other liabilities	$	7,787,142		$	7,829,343
Valuation of financial assets at fair value	'																'
															Credit loss for the
			Carrying Value at				Fair Value at Impairment Date								Three Months Ended
			30-Sep-13			Level 1			Level 2			Level 3			30-Sep-13
		Net investment in note receivable	$	5,660,070		$	-		$	-		$	5,660,070		$	2,016,234
															Credit loss for the
			Carrying Value at				Fair Value at Impairment Date								Three Months Ended
			31-Dec-12			Level 1			Level 2			Level 3			30-Sep-12
		Net investment in note receivable	$	773,031		$	-		$	-		$	4,560,000		$	2,940,000

Net_Investment_in_Notes_Receiv2

Net Investment in Notes Receivable (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Mar. 09, 2012

Sep. 30, 2013

Dec. 31, 2012

Mar. 01, 2013

Sep. 25, 2013

Sep. 03, 2013

Sep. 30, 2013

Sep. 16, 2013

Oct. 01, 2013

Sep. 30, 2013

Sep. 30, 2013

Jul. 26, 2011

Kanza Construction Inc Term Loan [Member]

Kanza Construction Inc Term Loan [Member]

Kanza Construction Inc Term Loan [Member]

Heniff Transportation Systems [Member]

Asphalt Java Sea Corp [Member]

EMS Enterprise Holdings LLC [Member]

EMS Enterprise Holdings LLC [Member]

Cenveo Corp [Member]

Cenveo Corp [Member]

Western Drilling Inc [Member]

Western Drilling Inc [Member]

Western Drilling Inc [Member]

F14Months

F14Months

F14Months

Schedule of Notes Receivable [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal outstanding

$101,519,183

'

$101,519,183

'

$87,750,115

'

'

'

'

'

'

'

'

'

'

'

'

Initial direct costs

6,894,456

'

6,894,456

'

7,291,683

'

'

'

'

'

'

'

'

'

'

'

'

Deferred fees

-1,733,634

'

-1,733,634

'

-1,816,123

'

'

'

'

'

'

'

'

'

'

'

'

Credit loss reserve

-4,975,029

'

-4,975,029

'

-2,940,000

'

-2,958,795

-2,940,000

'

'

'

'

'

'

-2,484,517

-2,484,517

'

Notes and loans receivable, net

101,704,976

'

101,704,976

'

90,285,675

'

'

'

'

'

'

'

'

'

'

'

'

Accounts Notes And Loans Receivable [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (in hundredths)

'

'

'

'

'

13.00%

'

'

12.25%

15.50%

'

'

12.00%

'

'

'

14.00%

Term of note receivable

'

'

'

'

'

60

'

'

42

'

'

'

60

'

'

'

'

Loss on prepayment of loan

2,484,517

0

2,503,312

2,636,066

'

'

19,000

'

'

'

'

'

'

'

'

'

'

Carrying amount of loan receivable

'

'

'

'

'

7,500,000

'

'

4,800,000

2,200,000

'

'

9,000,000

'

5,660,070

5,660,070

9,465,000

Finance Income

'

'

'

'

'

'

'

'

'

'

'

84,000

'

'

9,000

634,000

'

Principal repayment on term loan

'

'

5,570,670

17,289,686

'

'

'

'

'

'

'

'

'

'

'

'

'

Credit loss

2,484,517

0

2,503,312

2,636,066

'

'

19,000

'

'

'

'

'

'

'

'

'

'

Proceeds from prepayment of loan

'

'

5,570,670

17,289,686

'

'

754,000

'

'

'

2,135,000

'

'

'

'

'

'

Prepayment Fee

'

'

'

'

'

'

'

'

'

'

'

108,750

'

'

'

'

'

Credit loss reserve

-4,975,029

'

-4,975,029

'

-2,940,000

'

-2,958,795

-2,940,000

'

'

'

'

'

'

-2,484,517

-2,484,517

'

Backleveraged Note Receivable

$185,593,407

'

$185,593,407

'

$200,660,283

'

'

'

'

'

'

'

'

$5,850,000

'

'

'

Net_Investment_in_Finance_Leas2

Net Investment in Finance Leases (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Net Investment in Finance Leases [Abstract]	'	'	'
Minimum rents receivable	$176,751,348	'	$188,100,132
Estimated residual value	2,217,587	'	2,859,529
Initial direct costs	2,039,751	'	2,538,602
Unearned income	-46,125,964	'	-53,226,094
Net investment in finance leases	134,882,722	'	140,272,169
Proceeds From Sale Of Property Plant And Equipment [Abstract]	'	'	'
Proceeds From Sale Of Property Plant And Equipment	$641,942	$1,064,530	'

Leased_Equipment_at_Cost_Detai

Leased Equipment at Cost (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Lease Equipment at Cost [Line Items]	'	'	'	'	'
Leased equipment at cost	$190,935,209	'	$190,935,209	'	$190,935,209
Accumulated depreciation	40,522,026	'	40,522,026	'	28,994,563
Leased equipment, net	150,413,183	'	150,413,183	'	161,940,646
Depreciation	3,842,488	4,374,352	11,527,463	13,123,060	'
Packaging Equipment [Member]	'	'	'	'	'
Lease Equipment at Cost [Line Items]	'	'	'	'	'
Leased equipment at cost	6,535,061	'	6,535,061	'	6,535,061
Transportation Equipment [Member]	'	'	'	'	'
Lease Equipment at Cost [Line Items]	'	'	'	'	'
Leased equipment at cost	9,795,148	'	9,795,148	'	9,795,148
Maritime Equipment [Member]	'	'	'	'	'
Lease Equipment at Cost [Line Items]	'	'	'	'	'
Leased equipment at cost	$174,605,000	'	$174,605,000	'	$174,605,000

Investments_in_Joint_Ventures_

Investments in Joint Ventures (Details) (USD $)

9 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

Sep. 30, 2013

Sep. 30, 2012

30-May-13

Jul. 19, 2013

Feb. 15, 2013

Apr. 02, 2013

30-May-13

Feb. 15, 2013

Feb. 15, 2013

Apr. 02, 2013

30-May-13

Jul. 19, 2013

Feb. 15, 2013

Apr. 02, 2013

30-May-13

Joint Venture to Invest in Natural Gas Compressors [Member]

Go Frac [Member]

Go Frac [Member]

Ardmore Shipholding Limited [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON ECI Partners LP [Member]

ICON ECI Fund Fifteen LP [Member]

ICON ECI Fund Fifteen LP [Member]

ICON Fund Fourteen LP [Member]

ICON Fund Fourteen LP [Member]

ICON Fund Fourteen LP [Member]

ICON Fund Fourteen LP [Member]

Hardwood Partners LP [Member]

numberofcompressors

F14Months

F14Months

F14NumberOfYears

Joint Venture to Invest in Natural Gas Compressors [Member]

Go Frac [Member]

Go Frac [Member]

Ardmore Shipholding Limited [Member]

Joint Venture to Invest in Natural Gas Compressors [Member]

Go Frac [Member]

Go Frac [Member]

Ardmore Shipholding Limited [Member]

Joint Venture to Invest in Natural Gas Compressors [Member]

F14NumberOfSellersCredit

F14NumberOfChemicalTankers

Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of gas compressors

'

'

8

'

'

'

'

'

'

'

'

'

'

'

'

Ownership Percentage

'

'

'

'

'

'

49.54%

4.00%

58.00%

55.00%

40.53%

'

38.00%

45.00%

9.93%

Lease Term Period

'

'

'

45

45

5

'

'

'

'

'

'

'

'

'

Payments to Acquire Property, Plant, and Equipment

'

'

$7,500,000

'

$11,804,000

$8,850,000

'

'

'

'

'

'

'

'

'

Payments to Acquire Equity Method Investments

7,977,988

117,500

'

165,000

'

'

'

'

'

'

'

3,606,000

'

4,361,000

'

Number Of Chemical Tanker Vessels

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

Equipment purchased with sellers credit

'

'

'

'

'

5,500,000

'

'

'

'

'

'

'

'

'

Equipment purchased with debt

'

'

$7,500,000

'

'

$22,750,000

'

'

'

'

'

'

'

'

'

Number of Sellers Credit

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

NonRecourse_LongTerm_Debt_Deta

Non-Recourse Long-Term Debt (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
			Maximum [Member]	Minimum [Member]	AET Vessels Loan [Member]	Subordinated Non-Recourse Long Term Debt [Member]
Debt Instrument [Line Items]	'	'	'	'	'	'
Non recourse long term debt outstanding	$185,593,407	$200,660,283	'	'	$128,000,000	$22,000,000
Interest rate of non-recourse long term debt (in hundredths), minimum	'	'	'	4.56%	'	'
Interest rate of non-recourse long term debt (in hundredths), maximum	'	'	12.00%	'	'	'
Maturity date of non-recourse long term debt, end	'	'	29-Mar-21	29-Mar-14	'	'
Restricted Cash	$9,682,652	$6,838,606	'	'	$7,282,652	'

Revolving_Line_of_Credit_Recou1

Revolving Line of Credit, Recourse (Details) (USD $)	9 Months Ended	0 Months Ended
	Sep. 30, 2013	Oct. 01, 2013
	F14numberofadvances	Senior Secured Revolving Loan Facility [Member]
Line of Credit Facility [Line Items]	'	'
Maximum borrowing capacity	$15,000,000	'
Available borrowing capacity	4,500,000	'
Number of separate non-prime rate advances	5	'
Basis spread (in hundredths)	2.50%	'
Minimum interest rate (in hundredths)	4.00%	'
Commitment fee (in hundredths)	0.50%	'
Line Of Credit Facility Amount Outstanding	10,500,000	'
Repayments of revolving line of credit	'	$10,500,000

Transactions_with_Related_Part2

Transactions with Related Parties (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012		Sep. 30, 2013		Sep. 30, 2012		Dec. 31, 2012
Related Party Transaction [Line Items]	'		'		'		'		'
Management fees	$508,348		$594,416		$1,471,393		$2,053,922		'
Administrative expense reimbursements	459,530		598,621		1,571,057		2,924,407		'
Due to General Partner and affiliates	118,871		'		118,871		'		28,617
Note receivable from joint venture	2,566,036		'		2,566,036		'		2,442,457
Interest income from note receivable from joint venture	101,000		104,000		294,000		345,000		'
General Partner	-1,180		42,136		110,182		79,973		'
Interest Receivable From Note Receivable From Joint Venture	29,000		'		29,000		'		28,000
ICON Capital Corp. [Member]	'		'		'		'		'
Related Party Transaction [Line Items]	'		'		'		'		'
Acquisition fees	317,843	[1]	979,806	[1]	1,550,049	[1]	2,543,402	[1]	'
Management fees	508,348	[2]	594,416	[2]	1,471,393	[2]	2,053,922	[2]	'
Administrative expense reimbursements	459,530	[2]	598,621	[2]	1,571,057	[2]	2,924,407	[2]	'
Total	$1,285,721		$2,172,843		$4,592,499		$7,521,731		'
[1]	(1) Amount capitalized and amortized to operations.
[2]	(2) Amount charged directly to operations.

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
	numberofinterestrateswaps		numberofinterestrateswaps
Derivative [Line Items]	'	'	'	'	'
Number of interest rate swaps	5	'	5	'	'
Notional amount	$131,535,000	'	$131,535,000	'	$144,615,000
Derivative instruments	7,351,040	'	7,351,040	'	11,395,234
(Gain) Loss on derivative financial instruments	665,471	1,487,091	-1,326,276	4,409,838	'
Termination value of derivatives in a liability position	7,667,621	'	7,667,621	'	12,202,772
Interest Rate Swap [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
(Gain) Loss on derivative financial instruments	661,129	'	-1,314,973	'	'
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Derivative Instruments [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Derivative instruments	7,351,040	'	7,351,040	'	11,395,234
Warrant [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
(Gain) Loss on derivative financial instruments	4,342	'	-11,303	'	'
Warrant [Member] | Other Assets [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Warrants	'	'	'	'	53,156
Warrant [Member] | Not Designated as Hedging Instrument [Member] | Derivative Instruments [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Warrants	$64,459	'	$64,459	'	'

Fair_Value_Measurements_recurr

Fair Value Measurements (recurring) (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012
Fair Value, Measurements, Recurring [Member]	'	'	'
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Derivative instruments	$7,351,040	$11,395,234	'
Warrants	64,459	53,156	'
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'	'
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Derivative instruments	7,351,040	11,395,234	'
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]	'	'	'
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Warrants	64,459	53,156	'
Fair Value, Measurements, Nonrecurring [Member]	'	'	'
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Net investment in note receivable	5,660,070	773,031	'
Credit Loss	2,016,234	'	2,940,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]	'	'	'
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'
Net investment in note receivable	$5,660,070	$4,560,000	'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
	Multiple	Maximum	Minimum	Carrying (Reported) Amount, Fair Value Disclosure [Member]	Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'	'	'
Net investment in note receivable	'	'	'	$99,110,190	$99,309,126
Fixed rate non-recourse long term debt	'	'	'	53,323,407	54,157,173
Other liabilities	'	'	'	$7,787,142	$7,829,343
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'	'	'	'	'
Fair Value Inputs, Discount Rate	'	15.50%	10.00%	'	'
Discount Rate on fixed rate non-recourse long-term debt	'	12.00%	5.25%	'	'
Ebitda Multiple	3.01	'	'	'	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	0 Months Ended
	Sep. 27, 2010	Sep. 30, 2013	Dec. 31, 2012
Commitments and Contingencies [Abstract]	'	'	'
Restricted Cash	'	$9,682,652	$6,838,606
Loan to SE	$46,000,000	'	'

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	9 Months Ended				9 Months Ended		0 Months Ended		0 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013	Oct. 01, 2013	Oct. 04, 2013	Oct. 31, 2013	Oct. 31, 2013
				Subordinated Non-Recourse Long Term Debt [Member]	Kanza Construction Inc Term Loan [Member]	Cenveo Corp [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
							Platinum Energy Solutions Inc. [Member]	Cenveo Corp [Member]	Cenveo Corp [Member]
							ICON Fund Fourteen LP [Member]		ICON Fund Fourteen LP [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Loan receivable, interest rate	'	'	'	'	'	'	'	7.50%	'
Proceeds from prepayment of loan	$5,570,670	$17,289,686	'	'	$754,000	'	$8,780,000	'	'
Backleveraged Note Receivable	$185,593,407	'	$200,660,283	$22,000,000	'	$5,850,000	'	$5,850,000	'
Maturity date of non-recourse long term debt, end	'	'	'	'	'	'	'	'	1-Oct-18