ICON Equipment & Corporate Infrastructure Fund Fourteen 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	9 Months Ended
	Sep. 30, 2015	Nov. 06, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.
Document Type	10-Q
Entity Central Index Key	1,446,806
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	2,015
Document Fiscal Period Focus	Q3
Document Period End Date	Sep. 30, 2015
Entity Common Stock, Shares Outstanding		258,761
Amendment Flag	false
Entity Public Float	$ 0
Entity Filer Category	Non-accelerated Filer

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 10,530,214	$ 12,553,252
Restricted Cash	3,150,000	7,317,126
Net investment in finance leases	103,166,915	118,005,785
Leased equipment at cost (less accumulated depreciation of $43,358,302 and $41,069,511, respectively)	111,077,465	122,750,939
Net investment in notes receivable	17,638,645	62,731,975
Note receivable from joint venture	2,622,196	2,609,209
Investments in joint ventures	21,731,115	18,739,125
Other assets	1,960,025	3,096,488
Total assets	271,876,575	347,803,899
Liabilities:
Non-recourse long term debt	126,542,627	152,903,523
Derivative financial instruments	5,151,159	5,379,474
Deferred revenue	1,590,014	2,365,892
Due to General Partner and affiliates	344,764	826,285
Accrued expenses and other liabilities	9,183,086	11,114,968
Total Liabilities	$ 142,811,650	$ 172,590,142
Commitments and contingencies (Note 12)
Partners' Equity:
Limited partners	$ 118,440,775	$ 159,293,140
General Partner	(1,126,448)	(713,798)
Total partners' equity	117,314,327	158,579,342
Noncontrolling interests	11,750,598	16,634,415
Total equity	129,064,925	175,213,757
Total liabilities and equity	$ 271,876,575	$ 347,803,899

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Assets
Leased equipment at cost, accumulated depreciation	$ 43,358,302	$ 41,069,511

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue:
Finance income	$ 3,201,527	$ 3,633,794	$ 9,252,787	$ 10,491,572
Rental income	5,740,124	5,430,323	16,482,683	18,620,434
Income from investment in joint ventures	574,774	537,939	1,858,719	1,411,959
Gain on sale of assets, net	15,314	36,339	15,314	2,266,237
Other income	1,973	21,778	7,784	41,821
Total revenue	9,533,712	9,660,173	27,617,287	32,832,023
Expenses:
Management fees	651,036	510,038	1,708,909	1,933,715
Administrative expense reimbursements	316,697	396,443	1,020,095	1,208,753
General and administrative	508,090	665,121	1,892,705	1,875,071
Credit loss	18,813,180	(11,084)	38,797,011	862,131
Depreciation	2,455,913	2,615,854	7,663,788	9,072,339
Interest	1,663,597	2,083,712	5,235,973	6,855,503
Loss (gain) on derivative financial instruments	1,109,113	(140,417)	1,914,139	(1,427,927)
Total expenses	25,517,626	6,119,667	58,232,620	23,235,439
Net (loss) income	(15,983,914)	3,540,506	(30,615,333)	9,596,584
Less: net (loss) income attributable to noncontrolling interests	(1,822,129)	605,000	(5,032,833)	1,973,876
Net (loss) income attributable to Fund Fourteen	(14,161,785)	2,935,506	(25,582,500)	7,622,708
Net income attributable to Fund Fourteen allocable to:
Limited partners	(14,020,167)	2,906,151	(25,326,675)	7,546,481
General Partner	(141,618)	29,355	(255,825)	76,227
Net income (loss) attributable to Fund Fourteen	$ (14,161,785)	$ 2,935,506	$ (25,582,500)	$ 7,622,708
Weighted average number of limited partnership interests outstanding	258,761	258,761	258,761	258,765
Net (loss) income attributable to Fund Fourteen per weighted average limited partnership interest outstanding	$ (54.18)	$ 11.23	$ (97.88)	$ 29.16

Consolidated Statements of Chan

Consolidated Statements of Changes in Partner's Equity - USD ($)	Total	Limited Partner [Member]	General Partner [Member]	Total Partners' Equity [Member]	Noncontrolling Interest [Member]
Balance (unaudited) at Dec. 31, 2014	$ 175,213,757	$ 159,293,140	$ (713,798)	$ 158,579,342	$ 16,634,415
Balance (in shares) at Dec. 31, 2014		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	130,212	$ (258,586)	(2,612)	(261,198)	391,410
Distributions	(5,227,505)	(5,175,230)	(52,275)	(5,227,505)	0
Balance (unaudited) at Mar. 31, 2015	170,116,464	$ 153,859,324	(768,685)	153,090,639	17,025,825
Balance (in shares) at Mar. 31, 2015		258,761
Balance (unaudited) at Dec. 31, 2014	175,213,757	$ 159,293,140	(713,798)	158,579,342	16,634,415
Balance (in shares) at Dec. 31, 2014		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	130,212	$ (258,586)	(2,612)	(261,198)	391,410
Distributions	(5,227,505)	(5,175,230)	(52,275)	(5,227,505)	0
Balance (unaudited) at Jun. 30, 2015	150,131,952	$ 137,636,172	(932,555)	136,703,617	13,428,335
Balance (in shares) at Jun. 30, 2015		258,761
Balance (unaudited) at Dec. 31, 2014	175,213,757	$ 159,293,140	(713,798)	158,579,342	16,634,415
Balance (in shares) at Dec. 31, 2014		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	(30,615,333)
Distributions		$ (5,175,230)	(52,275)	(5,227,505)
Repurchase of limited partnership interests	0
Balance (unaudited) at Sep. 30, 2015	129,064,925	$ 118,440,775	(1,126,448)	117,314,327	11,750,598
Balance (in shares) at Sep. 30, 2015		258,761
Balance (unaudited) at Mar. 31, 2015	170,116,464	$ 153,859,324	(768,685)	153,090,639	17,025,825
Balance (in shares) at Mar. 31, 2015		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	(14,761,631)	$ (11,047,922)	(111,595)	(11,159,517)	(3,602,114)
Distributions	(5,227,505)	(5,175,230)	(52,275)	(5,227,505)	0
Investment by noncontrolling interest	4,624	0	0	0	4,624
Balance (unaudited) at Jun. 30, 2015	150,131,952	$ 137,636,172	(932,555)	136,703,617	13,428,335
Balance (in shares) at Jun. 30, 2015		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	(15,983,914)	$ (14,020,167)	(141,618)	(14,161,785)	(1,822,129)
Distributions	(5,227,505)	(5,175,230)	(52,275)	(5,227,505)
Investment by noncontrolling interest	144,392				144,392
Balance (unaudited) at Sep. 30, 2015	$ 129,064,925	$ 118,440,775	$ (1,126,448)	$ 117,314,327	$ 11,750,598
Balance (in shares) at Sep. 30, 2015		258,761

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net (loss) income	$ (30,615,333)	$ 9,596,584
Adjustments to reconcile net income to net cash provided by operating activities:
Finance income, net of costs and fees	558,840	(2,479,621)
Income from investment in joint ventures	(1,593,893)	(1,411,959)
Net gain on sale of assets	(15,314)	(2,266,237)
Depreciation	7,663,788	9,072,339
Credit loss	38,797,011	862,131
Interest expense from amortization of debt financing costs	526,121	404,747
Interest expense, other	334,529	317,392
Gain on derivative financial instruments	(228,315)	(1,008,395)
Paid-in-kind	(1,769,429)	0
Changes in operating assets and liabilities:
Restricted cash	4,167,126	4,963,836
Other assets, net	610,342	3,015,519
Accrued expenses and other liabilities	(2,266,411)	(3,846,696)
Deferred revenue	(775,878)	(1,008,942)
Due to General Partner and affiliates	(339,021)	(194,704)
Distributions from joint ventures	1,477,992	751,412
Net cash provided by operating activities	16,532,155	16,767,406
Cash flows from investing activities:
Proceeds from sale of equipment	4,025,000	16,599,540
Principal received on finance leases	1,996,149	835,975
Investment in joint ventures	(4,019,702)	(9,110,035)
Distributions received from joint ventures in excess of profits	1,143,613	681,626
Investment in notes receivable	0	(7,031,539)
Principal and sale proceeds received on notes receivable	20,336,642	30,788,003
Net cash provided by (used in) investing activities	23,481,702	32,763,570
Cash flows from financing activities:
Repayment of non-recourse long-term debt	(26,360,896)	(29,795,037)
Investment by noncontrolling interest	6,516	20,095
Distributions to noncontrolling interests	0	(53,400)
Distributions to partners	(15,682,515)	(15,682,733)
Repurchase of limited partnership interests	0	(7,178)
Net cash used in financing activities	(42,036,895)	(45,518,253)
Net increase (decrease) in cash and cash equivalents	(2,023,038)	4,012,723
Cash and cash equivalents, beginning of the period	12,553,252	9,526,625
Cash and cash equivalents, end of the period	10,530,214	13,539,348
Supplemental disclosure of cash flow information:
Cash paid for interest	7,529,277	6,850,046
Supplemental disclosure of non-cash financing activities:
Balance due to noncontrolling interest deemed contribution	$ 142,500	$ 0

Organization

Organization	9 Months Ended
	Sep. 30, 2015
Organization [Abstract]
Organization	(1 ) Organization ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P. (the “Partnership”) was formed on August 20, 2008 as a Delaware limited partnership. When used in these notes to consolidated financial statements, the terms “we,” “us,” “our” or similar terms refer to the Partnership and its consolidated subsidiaries. Our offering period commenced on May 18, 2009 and ended on May 18, 2011. We are currently in our operating period, which commenced on May 19, 2011. We operate a s an equipment leasing and finance fund in which the capital our partners invested was pooled together to make investments in business-essential equipment and corporate infrastructure (collectively, “Capital Assets”), pay fees and establish a small reserve . We primarily invest in Capital Assets, including, but not limited to, Capital Assets that are already subject to lease, Capital Assets that we purchase and lease to domestic and international businesses, loans that are secured by Capital Assets, and owne rship rights to leased Capital Assets at lease expiration. Our general partner is 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 (“ICON C apital”). Our General Partner manages and controls our business affairs, including, but not limited to, the Capital Assets we invest in. Our General Partner has engaged ICON Capital as our investment manager (the “Investment Manager”) to, among other thing s, facilitate the acquisition and servicing of our investments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2 ) Summary of Significant Accounting Policies Basis of Presentation and Consolidation Our accompanying conso lidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for Quarterly Reports on Form 10-Q. In the opinion of our G eneral P artner , all adjustments, which are of a normal recurring n ature, 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 our Annual Report on Form 10-K for the year ended December 31, 2014 . The results for the interim period are not necessarily indicative of the results for the full year. Restricted Cash Cash that is restricted from use in operations is generally classified as restricted cash. Classification of changes in restricted cash within the consolidated statements of cash flows depends on the predominant source of the related cash flows. For the nine months ended September 30, 2015 and 2014, the predominant cash outflows from restricted cash were related to the release of previously restricted cash to pay down certain non-recourse long-term debt. The restricted c ash was related to rental income receipts associated with our leasing operations and such receipts were previously restricted pursuant to a provision in the senior non-recourse long-term debt agreement. As a result, changes in restricted cash were classifi ed within net cash provided by operating activities for both periods. Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve Our Investment Manager monitors the ongoing credit quality of our financing receivables by ( i ) reviewing and analyzing a borrower’s financial performance on a regular basis, including review of financial statements received on a monthly, quarterly or annual basis as prescribed in the loan or lease agreement, (ii) tracking the relevant credit metrics of each financing receivable and a borrower’s compliance with financial and no n-financial covenants, (iii) monitoring a borrower’s payment history and public credit rating, if available, and (iv) assessing our exposure based on the current investment mix. As part of the monitoring process, our Investment Manager may physically inspe ct the collateral or a borrower’s facility and meet with a borrower’s management to better understand such borrower’s financial performance and its future plans on an as-needed basis. As our financing receivables, generally notes receivable and finance leases, are limited in number, our 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. Our Investment Manager does not use a system of assigni ng internal risk ratings to each of our financing receivables. Rather, each financing receivable is analyzed quarterly and categorized as either performing or non-performing based on certain factors including, but not limited to, financial results, satisfy ing scheduled payments and compliance with financial covenants. A financing receivable is usually categorized as non-performing only when a borrower experiences financial difficulties and has failed to make scheduled payments. Our Investment Manager then a nalyzes whether the financing receivable should be placed on a non-accrual status, a credit loss reserve should be established or the financing receivable should be restructured. As part of the assessment, updated collateral value is usually considered and such collateral value can be based on a third party industry expert appraisal or, depending on the type of collateral and accessibility to relevant published guides or market sales data, internally derived fair value. Material events would be specifically disclosed in the discussion of each financing receivable held. Financing receivables are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, our Investment Manager periodically reviews the creditworthine ss of companies with payments outstanding less than 90 days and based upon our 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 financing rec eivables are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual financing receivables is not in doubt, interest income is recognized on a cash basis. Financing receivable s in non-accrual status may not be restored to accrual status until all delinquent payments have been received, and we believe recovery of the remaining unpaid receivable is probable. When our Investment Manager deems it is probable that we will not be a ble to collect all contractual principal and interest on a non-performing financing receivable, we perform an analysis to determine if a credit loss reserve is necessary. This analysis considers the estimated cash flows from the financing receivable, and/o r the collateral value of the asset underlying the financing receivable when financing receivable repayment is collateral dependent. If it is determined that the impaired value of the non-performing financing receivable is less than the net carrying value, we will recognize a credit loss reserve or adjust the existing credit loss reserve with a corresponding charge to earnings. We then charge off a financing receivable in the period that it is deemed uncollectible by reducing the credit loss reserve and th e balance of the financing receivable. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ ASU ”) No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), requiring revenue to be recognized in an amount that reflects the consideration expected to be received in exchange for goods and services. This 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. In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers – Deferral of the Effective Date (“ASU 2015-14”), which defers implementation of ASU 2014-09 by one year. Under such deferral, the adoption of ASU 2014-09 becomes effective for us on January 1, 2018, including interim periods within that reporting period. Early adoption is permitted, but not before our original effective date of January 1, 2017. We are currently in the process of evaluating the impact of the adoptio n of ASU 2014-09 on our consolidated financial statements. In August 2014, FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which provides guidance about 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 adoption of ASU 2014-15 becomes ef fective for us on our fiscal year ending December 31, 2016, and all subsequent annual and interim periods. Early adoption is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on our consolidated financial statements. In Janu ary 2015, FASB issued ASU No. 2015-01, Income Statement – Extraordinary and Unusual Items (“ASU 2015-01”), which simplifies income statement presentation by eliminating the concept of extraordinary items. The adoption of ASU 2015-01 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. The adoption of ASU 2015-01 is not expected to have a material effect on our consolidated financial statements. In February 2015, FASB issued ASU No. 2015-02, Consolidation – Amendments to the Consolidation Analysis (“ASU 2015-02”), which modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities, eliminates the pres umption that a general partner should consolidate a limited partnership, and affects the consolidation analysis by reducing the frequency of application of related party guidance and excluding certain fees in the primary beneficiary determination. The adop tion of ASU 2015-02 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. The adoption of ASU 2015-02 is not expected to have a material effect on our consolidated financial statem ents. In April 2015, FASB issued ASU No. 2015-03, Interest – Imputation of Interest (“ASU 2015-03”), which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amo unt of such debt liability, consistent with debt discounts. In August 2015, FASB issued ASU No. 2015-15 , Interest – Imputation of Interest (“ASU 2015-15”), which further specifies the SEC Staff’s view on the presentation and subsequent measurement of debt issuance costs associated with line of credit arrangements. ASU 2015-03 and ASU 2015-15 will be applied on a retrospective basis. The adoption of ASU 2015-03 and ASU 2015-15 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. The adoption of ASU 2015-03 and ASU 2015-15 is not expected to have a material effect on our consolidated financial statements. Upon adoption of both accounting standards updates , debt issuance costs associa ted with non-recourse long-term debt will be reclassified in our consolidated balance sheets from other assets to non-recourse long-term debt, while debt issuance costs associated with line of credit arrangements will continue to be presented in other asse ts on our consolidated balance sheets .

Net Investment in Notes Receiva

Net Investment in Notes Receivable	9 Months Ended
	Sep. 30, 2015
Net Investment in Notes Receivable [Abstract]
Net Investment in Notes Receivable	(3 ) Net Investment in Notes Receivable As of September 30, 2015 and December 31, 2014, we had net investment in notes receivable on non-accrual status of $ 9,544,175 and $2,899,078, respectively. As of September 30, 2015, our net investment in note receivable and accrued interest related to two affiliates of T é cnicas Maritimas Avanzadas , S.A. de C.V. (collectively, “TMA”) totaled $3,500,490 and $327,545, respectively, of which an aggregate of $287, 568 was over 90 days past due. TMA is in technical default due to its failure to cause all four platform supply vessels to be subject to a charter agreement and in payment default while available cash has been swept and applied to the senior tranche of the loan in accordance with the loan agreement since May 2015. Based upon the estimated fair value of the collateral securing the loan net the related estimated costs to sell, our Investment Manager believes that all contractual interest and outstanding princ ipal payments under the loan are collectible. As a result, we continue to account for our net investment in note receivable related to TMA on an accrual basis despite a portion of the outstanding balance being over 90 days past due. Subsequently, on Octobe r 30, 2015, TMA entered into five year charter agreements covering the remaining two previously unchartered vessels, commencing November 7, 2015. Net investment in notes receivable consisted of the following: September 30, 2015 December 31, 2014 Principal outstanding (1) $ 39,636,500 $ 65,959,899 Initial direct costs 2,650,954 3,397,823 Deferred fees (799,438) (923,855) Credit loss reserve (2) (23,849,371) (5,701,892) Net investment in notes receivable (3) $ 17,638,645 $ 62,731,975 (1) As of September 30, 2015, total principal outstanding related to our impaired loan of $31,788,011 was related to JAC (defined below). As of December 31, 2014, total principal outstanding related to our impaired loans was $8,600,970, of which $4,795,035 was related to VAS (defined below) and $3,805,935 was related to Western Drilling (defined below). (2) As of September 30, 2015, the credit loss reserve of $23,849,371 was related to JAC. As of December 31, 2014, the credit loss reserve was $5,701,892, of which $1,895,957 was related to VAS and $3,805,935 was related to Western Drilling. (3) As of September 30, 2015 and December 31, 2014, net investment in notes receivable related to our impaired loans was $9,544,175 and $2,899,078, respectively. On July 26, 2011, we 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 bore interest at 14% per year and was scheduled to mature on September 1, 2016. The loan was 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 declined, which led to Western Dr illing’s failure to meet its payment obligations. As a result, the loan was placed on a non-accrual status and a credit loss was recorded during the year ended December 31, 2013 based on the estimated value of the recoverable collateral. No finance income was recognized since the date the loan was considered impaired. During the year ended December 31, 2014, an additional credit loss reserve of $862,131 was recorded based on cash proceeds received from the sale of the collateral. As of December 31, 2014, we fully reserved the remaining balance of the loan of $3,805,935. On March 18, 2015, we entered into a settlement and mutual release with the estate of Western Drilling’s guarantor to settle our claims against the guarantor for $ 37,860 . On April 29, 2015, w e received the settlement amount and wrote off the fully reserved loan as of June 30, 2015 . During the year ended December 31, 2014, VAS Aero Services, LLC (“VAS”) experienced financial hardship resulting in its failure to make the final monthly payment under the secured term loan as well as the balloon payment due on the October 6, 2014 maturity date. As a result, our Investment Manager determined that we should record a credit loss reserve based on an estimated liquidation value of VAS’s inventory and a ccounts receivable. Accordingly, the loan was placed on non-accrual status and a credit loss reserve of $ 1,895,957 was recorded during the year ended December 31, 2014 based on our pro-rata share of the liquidation value of the collateral. The value of the collateral was based on a third-party appraisal using a sales comparison approach. As of December 31, 2014, the net carrying value of the loan was $ 2,899,078 . In March 2015, the 90-day standstill period provided for in the loan agreement ended without a v iable restructuring or refinancing plan agreed upon. In addition, the senior lender continued to charge VAS forbearance fees. Although discussions among the parties were still ongoing, these factors resulted in our Investment Manager making a determination to record an additional credit loss reserve of $ 1,087,993 during the three months ended March 31, 2015 to reflect a potential forced liquidation of the collateral. The forced liquidation value of the collateral was primarily based on a third-party apprais al using a sales comparison approach. On July 23, 2015, we sold all of our interest in the loan to GB Loan, LLC (“GB”) for $ 806,924 . As a result, we recorded an additional credit loss of $ 1,004,161 and wrote off the credit loss reserve and corresponding ba lance of the loan of $ 3,988,111 during the three months ended June 30, 2015. No gain or loss was recognized for the three months ended September 30, 2015 as a result of the sale. No finance income was recognized since the date the loan was considered impai red. Accordingly, no finance income was recognized for the three and nine months ended September 30, 2015. Finance income recognized on the loan prior to recording the credit loss reserve was $ 205,084 and $ 578,818 for the three and nine months ended Septem ber 30, 2014, respectively. On December 22, 2011, a joint venture owned 75% by us and 25% by ICON Leasing Fund Twelve, LLC (“Fund Twelve”), an entity also managed by our Investment Manager, made a $20,124,000 subordinated term loan to Jurong Aromatics Co rporation Pte. Ltd. (“JAC”). As of March 31, 2015, JAC was in technical default of the loan as a result of its failure to provide certain financial data to us. In addition, JAC realized lower than expected operating results caused in part by a temporary shutdown of its manufacturing facility du e to technical constraints that have since been resolved. As a result, JAC failed to make the expected payment that was due to us during the three months ended March 31, 2015. Although this delayed payment did no t trigger a payment default under the loan agreement, the interest rate payable by JAC under the loan increased from 12.5% to 15.5%. During the three months ended June 30, 2015, the expected tolling arrangement did not commence and JAC’s stakeho lders were unable to agree upon a restructuring plan. As a result, the manufacturing facility had not yet resumed operations and JAC continued to experience liquidity constraints. Accordingly, our Investment Manager determined that there was doubt regardin g our ultimate collectability of the loan. Our Investment Manager visited JAC’s facility and engaged in discussions with JAC’s other stakeholders to agree upon a restructuring plan. Based upon such discussions, which included a potential conversion of a po rtion of the loan to equity and/or a restructuring of the loan, our Investment Manager believed that we may potentially not be able to recover approximately $6,400,000 to $22,300,000 of the outstanding balance due from JAC as of June 30, 2015. During the t hree months ended June 30, 2015, we recognized a credit loss of $15,921,795, which our Investment Manager believed was the most likely outcome based upon the negotiations at the time. During the three months ended June 30, 2015, we placed the loan on non-a ccrual status and no finance income was recognized. During the three months ended September 30, 2015, JAC continued to be non-operational and therefore not able to service interest payments under the loan. Discussions between the senior lenders and certa in other stakeholders of JAC ended as the senior lenders did not agree to amendments to their credit facilities as part of the broader restructuring that was being contemplated. As a result, JAC entered receivership on September 28, 2015. At September 30, 2015, our Investment Manager reassessed the collectability of the loan by considering the following factors: ( i ) what a potential buyer may be willing to pay to acquire JAC based on a comparable enterprise value derived from EBITDA multiples and (ii) the average trading price of unsecured distressed debt in comparable industries. Our Investment Manager also considered the proposed plan of converting a portion of the loan to equity and/or restructuring the loan in the event that JAC’s stakeholders recommenc e discussions. Based upon such reassessment, our Investment Manager believes that we may potentially not be able to recover approximately $19,400,000 to $ 24,000,000 of the outstanding balance due from JAC as of September 30, 2015. During the three months ended September 30, 2015, we recognized a credit loss of $7,927,576, which our Investment Manager believes is the most likely outcome derived from its reassessment. An additional credit loss may be recorded in future periods based upon future developments of the receivership process or if our ultimate collectability of the loan results in less of a recovery from our current estimate . For the three months ended September 30, 2015 and 2014 , we recognized finance income of $0 and $883,210, respectively. For the nine months ended September 30, 2015 and 2014, we recognized finance income of $984,108 and $2,513,888, respectively. As of September 30, 2015 and December 31, 2014, our net investment in note receivable related to JAC was $ 9,544,175 and $31,976,805, r espectively. On January 30, 2015, Superior Tube Company, Inc. and Tubes Holdco Limited (collectively, “Superior”) satisfied their obligations in connection with a secured term loan scheduled to mature on September 10, 2017 by making a prepayment of $10,19 8,899 , comprised of all outstanding principal, accrued interest and a prep ayment fee of $296,96 0. As a result, we recognized additional finance income of $123,006 . On May 7, 2015, NARL Marketing Inc. and certain of its affiliates (collectively, “NARL”) ma de a partial prepayment on their secured term loan of $ 206,818 pursuant to the excess cash sweep provision of the loan agreement. On July 15, 2015, NARL made a voluntary partial prepayment on the loan of $ 1,574,215 , which included a prepayment fee of $ 67,5 00 . The prepayment fee was recognized as additional finance income. On August 6, 2015, NARL satisfied its obligations in full by making a prepayment of $ 1,079,963 pursuant to the excess cash sweep provision of the loan agreement, comprised of all outstandi ng principal and unpaid interest. On September 30, 2015, Cenveo Corporation (“ Cenveo ”) satisfied its obligations in connection with a secured term loan scheduled to mature on October 1, 2018 by making a prepayment of $ 5,675,625 , comprised of all outstanding principal, accrued interest and a prepayment fee of $ 108,000 . The prepayment fee was recognized as additional finance income. Credit loss allowance activities for the three months ended September 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of June 30, 2015 $ 15,921,795 Provisions 7,927,576 Write-offs, net of recoveries - Allowance for credit loss as of September 30, 2015 $ 23,849,371 Credit loss allowance activities for the three months ended September 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of June 30, 2014 $ 6,775,813 Provisions - Write-offs, net of recoveries (11,084) Allowance for credit loss as of September 30, 2014 $ 6,764,729 Credit loss allowance activities for the nine months ended September 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2014 $ 5,701,892 Provisions 25,903,665 Write-offs, net of recoveries (7,756,186) Allowance for credit loss as of September 30, 2015 $ 23,849,371 Credit loss allowance activities for the nine months ended September 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2013 $ 5,902,598 Provisions 873,215 Write-offs, net of recoveries (11,084) Allowance for credit loss as of September 30, 2014 $ 6,764,729

Net Investment in Finance Lease

Net Investment in Finance Leases	9 Months Ended
	Sep. 30, 2015
Net Investment in Finance Leases [Abstract]
Net Investment in Finance Leases	(4 ) Net Investment in Finance Leases As of September 30, 2015 and December 31, 2014 , we had net investment in finance leases on non-accrual status of $ 103,166,915 and $118,005,785, respectively, and no net investment in finance leases that was past due 90 days or more and still accruing. Net investment in finance leases consisted of the following: September 30, 2015 December 31, 2014 Minimum rents receivable (1) $ 159,173,521 $ 167,319,170 Initial direct costs 978,886 1,262,792 Unearned income (31,445,660) (37,929,691) 128,706,747 130,652,271 Credit loss reserve (2) (25,539,832) (12,646,486) Net investment in finance leases $ 103,166,915 $ 118,005,785 (1) As of September 30, 2015 and December 31, 2014, the total minimum rents receivable related to our impaired finance leases of $82,404,451 and $84,400,600, respectively, was related to the Amazing and the Fantastic (discussed below). (2) As of September 30, 2015 and December 31, 2014, the credit loss reserve of $25,539,832 and $12,646,486, respectively, was related to the Amazing and the Fantastic. On September 29, 2010, we purchased two supramax bulk carrier vessels, the Amazing and the Fantastic, from wholly-owned subsidiaries of Geden Holdings Ltd. (“ Geden ”) for an aggregate purchase price of $67,000,000. Simultaneously, the vessels were bareboat chartered to the Geden subsidiaries for a period of seven years. The purchase price for the vessels was funded by $23,450,000 in cash and $43,550,000 in non-recou rse long-term debt. On June 21, 2011, we purchased a crude oil tanker, the Center. The tanker was acquired for $16,000,000 in cash, $44,000,000 of financing through non-recourse long-term debt and $9,000,000 of financing through a subordinated, non-inter est-bearing seller’s credit. The tanker was simultaneously bareboat chartered to Center Navigation Ltd., a wholly-owned subsidiary of Geden , for a period of five years. As a result of the depressed shipping market and historically low time charter rates, the subsidiaries of Geden had only partially satisfied their lease payment obligations related to the three vessels and as a result, the leases were placed on a non-accrual status during the three months ended June 30, 2013. Since then, our Investment Man ager and Geden have negotiated amendments to the leases, which, among other things, include restructuring the payment terms. Although the amendments have not yet been executed by the parties, Geden made lease payments to us in accordance with the proposed restructured terms during the year ended December 31, 2014. Subsequent to December 31, 2014, Geden has only been making partial lease payments based upon the proposed restructured terms on the Amazing and the Fantastic due to the continued decline in chart er rates associated with supramax bulk carrier vessels. As a result, our Investment Manager believes that Geden may be unable to fully satisfy its remaining lease payment obligations and fulfill its purchase obligations at lease expiration on September 30, 2017 relating to the Amazing and the Fantastic. Based upon this assessment, we recorded a credit loss reserve of $12,646,486 as of December 31, 2014 based on the expected undiscounted cash flows comprised of the estimated lease payments to be collected fr om Geden over the remaining terms of the leases and the expected fair value of the vessels at lease expiration should the purchase obligations not be satisfied. Critical assumptions used in the analysis included a 2.5-year moving average of inflation-adjus ted vessel values and charter rates . Subsequent ly , on a quarterly basis, we update our analysis of the remaining expected undiscounted cash flows by updating the moving average of inflation-adjusted vessel values and charter rates for a period that represe nts the remaining lease term s. We also consider the actual lease payments received for the Amazing and the Fantastic for each reporting period. During the three months ended September 30, 2015, based on recent discussions with Geden , our Investment Manage r determined that there is doubt regarding Geden’s ability to subsidize operating expenses associated with the vessels and to otherwise operate the vessels through the end of the lease term in September 2017 . As a result, during the three months ended Sept ember 30, 2015 , we considered the current fair market value of the vessels in addition to updating the quarterly undiscounted cash flows to account for the possibility that we may take the vessels back from Geden prior to lease expiration. Utilizing a weig hted average probability approach on the quarterly undiscounted cash flows and the current fair market values, we estimated and recorded an additional credit loss of $ 10,885,604 for the three months ended September 30, 2015. For the nine months ended September 30, 2015 , we recorded an aggregate credit loss of $ 12,893,346. While our Investment Manager believes that vessel values and charter rates are at historical lows, to the extent they continue to decline in the future, an additional credit loss rese rve may be recorded. We accounted for the leases on a non-accrual basis and finance income was recognized on a cash basis through December 31 , 2014 when the leases were considered impaired. Subsequently, as collectability of remaining lease payment obligat ions is in doubt, finance income will only be recognized to the extent cash receipts are in excess of all contractual lease payments due. For the three months ended September 30, 2015 and 2014, we recognized finance income of $0 and $514,744, respectively, related to the Amazing and the Fantastic. For the nine months ended September 30, 2015 and 2014, we recognized finance income of $0 and $1,527,982, respectively, related to the Amazing and the Fantastic. As of September 30, 2015 and December 31, 2014, our net investment in finance leases totaling $ 35,075,391 and $49,964,886, respectively, was related to the Amazing and the Fantastic. With respect to the Center, our Investment Manager has assessed the collectability of the lease payments due from Geden ove r the remaining term of the lease as well as Geden’s ability to satisfy its purchase obligation at lease expiration and concluded that no credit loss reserve was required as of September 30, 2015 and December 31, 2014 due to the current fixed employment of the vessel and prevailing market conditions. As part of this assessment, our Investment Manager considered charter rates for crude oil tankers, which have increased from prior periods, and the expected fair value of the vessel at lease expiration should t he purchase obligation not be satisfied. We continue to account for the lease on a non-accrual basis and finance income is recognized on a cash basis. For the three months ended September 30 , 2015 and 2014, we recognized finance income of $2,593,701 and $6 61,342, respectively, related to the Center. For the nine months ended September 30, 2015 and 2014, we recognized finance income of $6,200,124 and $1,963,476, respectively, related to the Center. As of September 30, 2015 and December 31, 2014, our net inve stment in finance leases totaling $68,091,524 and $68,040,899, respectively, was related to the Center.

Leased Equipment at Cost

Leased Equipment at Cost	9 Months Ended
	Sep. 30, 2015
Leased Equipment at Cost [Abstract]
Leased Equipment at Cost	(5 ) Leased Equipment at Cost Leased equipment at cost consisted of the following: September 30, 2015 December 31, 2014 Packaging equipment $ 6,535,061 $ 6,535,061 Motor coaches - 9,384,683 Marine - crude oil tankers 147,900,706 147,900,706 Leased equipment at cost 154,435,767 163,820,450 Less: accumulated depreciation 43,358,302 41,069,511 Leased equipment at cost, less accumulated depreciation $ 111,077,465 $ 122,750,939 Depreciation expense was $ 2,455,913 and $ 2,615,854 for the three months ended September 30, 2015 and 2014 , respectively. Depreciation expense was $ 7,663,788 and $ 9,072,339 for the nine months ended September 30, 2015 and 2014 , respectively. In August 2015, upon expiration of the leases with CAM Leasing, LLC (“CAM Leasing”), we sold 23 motor coach buses to a third-party purchaser for an aggregate price of $4,025,000. No significant gain or loss was recorded as a result of these sales . Pursuant to the lease agreement, CAM Leasing was required to pay a remarketing fee totaling $477,362 upon termination of the leases and the return of the motor coach buses, which was recognized as additional rental income on our consol idated statements of operations.

Investments in Joint Ventures

Investments in Joint Ventures	9 Months Ended
	Sep. 30, 2015
Investments in Joint Ventures [Abstract]
Investments in Joint Ventures	(6 ) Investment in Joint Ventures A joint venture owned 38% by us, 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 our Investment Manager, owned onshore oil field services equipment that was previously on lease to Go Frac , LLC (“Go Frac ”). During the fourth quarter of 2014, declining energy prices negatively impacted Go Frac’s financial performance resulting in its failure to satisfy its lease pa yment obligations to the joint venture in February 2015. In early February 2015, our Investment Manager was informed that Go Frac was ceasing its operations. During the fourth quarter of 2014, the joint venture recognized an impairment charge of $4,026,0 9 0 based on a third-party appraised fair market value of the leased equipment as of December 31, 2014. The fair market value provided by the independent appraiser was derived based on a combination of the cost approach an d the sales comparison approach. Dur ing the three months ended March 31, 2015, the equipment met the criteria to be classified as assets held for sale and the joint venture recognized an additional impairment charge to write down the equipment to its estimat ed fair value less cost to sell. W e were not allocated any impairment loss during the three months ended March 31, 2015 as our investment in the joint venture was reduced t o zero as of December 31, 2014. On May 14, 2015, the equipment was sold at an auction for $5, 542,000. After deducting selling costs of $53 8,786 , the joint venture recognized a gain on sale of assets of $983, 474 . In addition, as a result of Go Frac’s default on the lease and the joint venture ’ s repossession and ultimate sale of the equipment, the joint venture recognized a dditional rental income of $2,63 8 , 85 0, primarily due to the extinguishment of the joint venture ’ s obligation to return a security deposit to Go Frac pursuant to the terms of the lease. Income generated by the joint venture for the three months ended June 30, 2015, which was primarily a result of the gain on sale of assets and additional rental income, was not al located to us as such income did not exc eed the net losses previously not recognized by us. However, we recognized income of $269,965 during the three months ended June 30, 2015, which represents our share of the net proceeds received by the joint venture from its sale of the equipment after rep ayment of the non-recourse long-term debt related to such equipment. On July 10 , 2015, a joint venture owned 40% by us, 5 0% by Fund F ifteen and 10% by ICON ECI Fund Sixteen (“Fund Sixteen”), an entity also managed by our Investment Manager, purchased auxi liary support equipment and robots used in the production of certain automobiles for $9,934,118, which were simultaneously leased to Challenge Mfg. Company, LLC and certain of its affiliates (collectively, “Challenge”) for 60 months. Our contribution to th e joint venture was $ 3,993,515 .

Non-Recourse Long-Term Debt

Non-Recourse Long-Term Debt	9 Months Ended
	Sep. 30, 2015
Non-Recourse Long-Term Debt [Abstract]
Non-Recourse Long-Term Debt	(7 ) Non-Recourse Long-Term Debt As of September 30, 2015 and December 31, 2014 , we had non-recourse long-term debt obligations of $ 126,542,627 and $ 152,903,523 , respectively. As of September 30, 2015 , our non-recourse long-term debt obligations had maturity dates ranging from June 21, 2016 to March 29, 2021 , and interest rates ranging from 4.134% to 12% per year, some of which a re fixed after giving effect to our interest rate swap agreements. All of our non-recourse long-term debt obligations consist of notes payable in which the lender has a security interest in the underlying assets. If the borrower were to default on the underlying lease or loan, resulting in our default on the non-recourse long-t erm debt, the assets could be foreclosed upon and the proceeds would be remitted to the lender in extinguishment of that debt. As of September 30, 2015 and December 31, 2014, the total carrying value of assets subject to non-recourse long - term debt was $ 21 1,439,053 and $ 239,452,768, respectively , of which $ 103,166,915 and $118 ,005,785, respectively, was related to non-performi ng assets associated with Geden . We , thr ough certain subsidiaries of our joint venture with Fund Twelve, borrowed $128,000,000 (the “Senior Debt”) in connection with the acquisition of two aframax tankers and two very large crude carriers (“VLCCs”) on bareboat charter to AET Inc. Limited (“AET”) (collectively , the “AET Vessels”). The joint venture also borrowed $22,000,000 of subordina ted non-recourse long-term debt from an unaffiliated third party (the “Sub Debt”). On April 20, 2012, the joint venture associated 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 V essels, a provision in the Senior Debt loan agreement restrict ed our ability to utilize cash generated by the charter s of the AET Vessels as of January 12, 2012 for purposes oth er than paying the Senior Debt. Charter payments in excess of the Senior Debt l oan service were held in reserve by the Senior Debt lender until such time as the restriction was cured. Once cured, the reserves were to be released to us. While this restriction was in place, we were prevented from applying the charter proceeds to the Su b Debt . On March 31, 2014, we satisfied the Senior Debt obligations in connection with the two aframax tankers, the Eagle Otome and the Eagle Subaru, by making a final payment of $5,679,970. This satisfaction cured any default related to these vessels a ssociated with the Senior Debt. On April 14, and May 21, 2014, the Eagle Otome and the Eagle Subaru were sold and the proceeds were used to partially pay down the outstanding principal and interest related to the Sub Debt. During the three months ended March 31, 2015, the covenant breach that resulted in the restriction on our ability to utilize cash generated by the charters for purposes other than paying the Senior Debt was cured due to an increase in the fair value of the two VLCCs, the Eagle V ermont and the Eagle Virginia. On March 31, July 1, and September 29, 2015, proceeds from rental income receipts that were previously restricted were used to partially pay down outstanding principal and interest in an aggregate amount of $5,632,821, $1,430 ,000 and $1,500,000, respectively, related to the Sub Debt. As of September 30, 2015 and December 31, 2014, the Sub Debt balance was $3,430,479 and $11,319,371, respectively. At September 30, 2015 and December 31, 2014, $ 1,000,000 and $ 5,417,126, respectively, was included in restricted cash. The restricted cash amount as of September 30, 2015 represents the minimum cash requirement under the Senior Debt loan agreement. During the quarter ended September 30, 2015, we cured our technical default under the Senior Debt loan agreement . We are currently in compliance with all covenants related to the non-recourse long-term debt associated with the Eagle Vermont and the Eagle Virginia. We restructured the non-recourse long-term debt associated with the Amazing and the Fantastic on March 31, 2014 to amend the repayment stream and financial covenants. The interest rates and maturity dates remained the same for the loans. Beginning Septembe r 29, 2014, the interest rate was floating at the London Interbank Offered Rate (“LIBOR”) plus 3.85% as part of the original agreement. During 2015, due to a change in the fair market value of t he Amazing and the Fantastic, we were in non-compliance with a financial covenant. On July 8, 2015, we amended the non-recourse long-term debt agreement associated with the Amazing and the Fantastic to provide an additional guarantee of up to $2.5 million for each vessel to cover any debt balance shortfall and to rev ise certain financial covenants. We are currently in compliance with all covenants related to the non-recourse long-term debt associated with the Amazing and the Fantastic. We restructured the non-recourse long-term debt associated with the Center on March 19, 2014 to amend the repayment stream and financial covenants. The interest rate and maturity date remained the same for the loan . On June 22, and September 21, 2015, we made partial prepayment s on the non-recourse long-term d ebt associated with th e Center of $1,400,000 and $2,570,000 , respectively. O n September 30, 2015 , a s a resul t of the prepayment by Cenveo , we satisfied our non-recourse long-term debt obligations with NXT Capital, LLC (“NXT”) that was secured by our interest in the secured ter m loan to and collateral from Cenveo by making a pre payment of $ 3,455,535 . As of September 30, 2015, we were in compliance with all covenants related to our non-recourse long-term debt

Revolving Line of Credit, Recou

Revolving Line of Credit, Recourse	9 Months Ended
	Sep. 30, 2015
Revolving Line of Credit, Recourse [Abstract]
Revolving Line Of Credit, Recourse [Text Block]	(8 ) Revolving Line of Credit, Recourse On March 31, 2015, we extended our revolving line of credit (the “Facility”) with California Bank & Trust (“CB&T”) through May 30, 2017 and the amount available under the Facility was revised to $12,500,000. As part of such amendment, we paid debt financing costs of $47,500. The Facility is secured by all of our assets not su bject to a first priority lien. Amounts available under the Facility are subject to a borrowing base that is determined, subject to certain limitations, by the present value of the future receivables under certain loans and lease agreements in which we have a beneficial interest. The interest rate for general advances under the Facility is CB&T’s prime rate. We 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, we ar e obligated to pay an annualized 0.5% fee on unused commitments unde r the Facility. At September 30, 2015 , there were no obligations outstanding under the Facility and we were in compliance with all covenants related to the Facility. At September 30, 2015 , we had $5, 13 3,287 available under the Facility pursuant to the borrowing base.

Transactions with Related Parti

Transactions with Related Parties	9 Months Ended
	Sep. 30, 2015
Transactions with Related Parties [Abstract]
Transactions with Related Parties	(9 ) Transactions with Related Parties We paid distributions to our General Partner of $ 52,275 and $ 156,825 for the three and nine months ended September 30, 2015 , respectively. We paid distributions to our General Partner of $ 52,275 and $ 156,827 for the three and nine months ended September 30, 2014 , respectively. Additionally, our General Partner’s interest in the net loss attributable to us was $ 141,618 and $ 255,825 for the three and nine months ended September 30, 2015 , respectively. Our General Partner’s interest in the net income attributable to us was $ 29,355 and $ 76,227 for the three and nine months ended September 30, 2014 , re spectively. Fees and other expenses incurred by us to our General Partner or its affiliates were as follows: Three Months Ended September 30, Nine Months Ended September 30, Entity Capacity Description 2015 2014 2015 2014 ICON Capital, LLC Investment Manager Acquisition fees (1) $ 99,341 $ 289,694 $ 99,341 $ 847,917 ICON Capital, LLC Investment Manager Management fees (2) 651,036 510,038 1,708,909 1,933,715 ICON Capital, LLC Investment Administrative Manager expense reimbursements (2) 316,697 396,443 1,020,095 1,208,753 $ 1,067,074 $ 1,196,175 $ 2,828,345 $ 3,990,385 (1) Amount capitalized and amortized to operations. (2) Amount charged directly to operations. At September 30, 2015 and December 31, 2014, we had a net payable of $ 344,764 and $ 826,285 , respectively, due to our General Partner and affiliates. At September 30, 2015, the payable was primarily related to administrative expense reimbursements and management fees due to our Investment Manager. At December 31, 2014, the payable was primarily related to professional fees paid by our Investment Manager on our behalf as well as administrative expense reimbursements and management fees due to our Investment Manager. In addition, included in the December 31, 2014 balance was an aggregate payable of $142,500 due to Fund Twelve by our consolidated joint venture, which is 25% owned by Fund Twelve. During the three months ended September 30, 2015, this payable was settled by converting it into an additional contribution to the joint venture. Our and Fund Twelve’s proportionate ownership in the joint venture did not change as a result of this conversion. At September 30, 2015 and December 31, 2014 , we had a note receivable from a joint venture of $2,622,196 and $2,609,209, respectivel y, and accrued interest of $29, 3 5 4 and $30,332, respectively. The accrued interest is included in other assets on our consolidated balance sheets. For the three and nine months ended September 30, 2015 , interest income relating to the note receivable from the joint venture of $104,008 and $307,728, respectively, was recognized and included in fi nance income on our consolidated statements of operations. For the three and nine months ended September 30, 2014 , interest income relating to the note receivable from the joint venture of $103,150 and $304,656, respectively, was recognized and included in finance income on our consolidated statements of operations .

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	(10 ) Derivative Financial Instruments We 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 our non-recourse long-term debt. We enter into these instruments only for hedging underlying exposures. We do not hold or issue derivative financial instruments for purposes other than hedging, except for warrants, which are not hedges. Certain derivatives ma y not meet the established criteria to be designated as qualifying accounting hedges, even though we believe that these are effective economic hedges. We recognize all derivative financial instruments as either assets or liabilities on our consolidated ba lance sheets and measure 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 effectiv e 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 effectiv eness of the derivative. If these criteria are met, which we must document and assess at inception and on an ongoing basis, we recognize the changes in fair value of such instruments in accumulated other comprehensive income (loss), a component of equity o n our consolidated balance sheets. Changes in the fair value of the ineffective portion of all derivatives are recognized immediately in earnings. U.S. GAAP and relevant International Swaps and Derivatives Association, Inc. agreements permit a reporting e ntity that is a party to a master netting agreement to offset fair value amounts recognized for derivative instruments that have been offset under the same master netting agreement. We elected to present the fair value of derivative contracts on a gross ba sis on our consolidated balance sheets. Interest Rate Risk Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements on our variable non-recourse debt. Our 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 us making fixed-rate interest pay ments over the life of the agreement without exchange of the underlying notional amount. Counterparty Risk We manage exposure to possible defaults on derivative financial instruments by monitoring the concentration of risk that we have with any individua l bank and through the use of minimum credit quality standards for all counterparties. We do not require collateral or other security in relation to derivative financial instruments. Since it is our policy to enter into derivative contracts only with banks of internationally acknowledged standing and the fair value of our derivatives is in a liability position , we consider the counterparty risk to be remote. Credit Risk 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 we would be required to settle our obligations under the derivative contracts as of September 30, 2015 and December 31, 2014 , the termination value would be $5 ,446,281 and $5,661,617 , respectively. Non-designated Derivatives As of September 30, 2015 and December 31, 2014 , we had three interest rate swaps with DVB Bank SE that are not designated and not qualifying as cash flow hedges with an ag gregate notional amount of $100 ,105,000 and $109,210,000, respectively. These interest rate swaps are not speculative and are used to meet our objectives in using interest rate derivatives to add stability to interest expense and to manage our exposure to interest rate movements . Additionally, we held warrants for purposes other than hedging. On July 21, 2014, we exercised all of such warrants for cash consideration. All changes in the fair value of the interest rate swaps not designated as hedges are, and the warrants we re , recorded directly in earnings, which is included in loss (gain) on derivative financial instruments. The table below presents the fair value of our derivative financial instruments as well as their classification within our consolidated balance sheets as of September 30, 2015 and December 31, 2014 : Liability Derivatives September 30, 2015 December 31, 2014 Balance Sheet Location Fair Value Fair Value Derivatives not designated as hedging instruments: Interest rate swaps Derivative financial instruments $ 5,151,159 $ 5,379,474 Our derivative financial instruments not designated as hedging instruments generated a loss (gain) on derivative financial instruments on our consolidated statements of operations for the three months ended September 30, 2015 and 2014 of $ 1,109,113 and ($ 140,417 ), respectively. The loss recorded for the three months ended September 30, 2015 was related to interest rate swap contracts. The gain recorded for the three months ended September 30, 2014 was comprised o f gains of $ 183,543 relating to interest rate swap contracts and losses of $43, 1 2 6 relating to warrants. Our derivative financial instruments not designated as hedging instruments generated a loss on derivative financial instruments on our consolidated sta tements of operations for the nine months ended September 30, 2015 and 2014 of $ 1,914,139 and $ 1,427,927 , respectively. The loss recorded for the nine months ended September 30, 2015 was related to interest rate swa p contracts. The loss recorded for the nine months ended September 30, 2014 was comprised of losses of $1,381,610 relating to interest rate swap contracts and $46,317 relating to warrants. These amounts were recorded as a component of loss (gain) on deri vative financial instruments on our consolidated statements of operations.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	(11) 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 Liabilities Measured on a Recurring Basis Financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our Investment Manager’s assessment, on our behalf, of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of the liabilities being measured and their placement within the fair value hierarchy. The following table summa rizes the valuation of our financial liabilities measured at fair value on a recurring basis as of September 30, 2015 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 5,151,159 $ - $ 5,151,159 The following table summarizes the valuati on of our financial liabilities measured at fair value on a recurring basis as of December 31, 2014 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 5,379,474 $ - $ 5,379,474 Our derivative financial instruments, including interest rate swaps, are valued using models based on readily observable market parameters for all substantial terms of our derivative financial instruments and are classified within Level 2. In accordance with U.S. GAAP , we use market prices and pricing models for fair value measurements of our derivative financial instruments. Interest Rate Swaps We utilize a model that incorporates common market pricing methods as well as underlying characteristics of t he particular swap contract . Interest rate swaps are modeled by incorporating such inputs as the term to maturity, LIBOR swap curves, Overnight Index Swap curves and the payment rate on the fixed portion of the interest rate swap. Such inputs are classifie d within Level 2. Thereafte r, we compare third party quotations received to our own estimate of fair value to evaluate for reasonableness. The fair value of the interest rate swaps was recorded in derivative financial instruments within our consolidated ba lance sheets. Assets Measured at Fair Value on a Nonrecurring Basis We are required, on a nonrecurring basis, to adjust the carrying value or provide valuation allowances for certain assets using fair value measurements. Our non-financial assets, such as leased equipment at cost, are measured at fair value when there is an indicator of impairment and recorded at fair value only when an impairment charge is recognized. To determine the fair value when impairment indicators exist, we utilize different valuation approaches based on transaction-specific facts and circumstances to determine fair value, including, but not limite d to, discounted cash flow models and the use of comparable transactions. The valuation of our financial assets, such as notes receivable or finance leases, is included below only when fair value has been measured and recorded based on the fair value of th e underlying collateral. The following table summarizes the valuation of our material financial assets measured at fair value on a nonrecurring basis, which is presented as of the date the credit loss was recorded, while the carrying value of the assets is presented as of September 30, 2015 : Credit loss for the Carrying Value at Fair Value at Impairment Date Nine Months Ended September 30, 2015 Level 1 Level 2 Level 3 September 30, 2015 Net investment in note receivable $ - $ - $ - $ 806,924 $ 2,092,154 Our collateral dependent note receivable related to VAS was valued using inputs that are generally unobservable and are supported by little or no market data and are classified within Level 3. For the credit loss of $1,087,993 recorded during the three months ended March 31, 2015, the collateral dependent note receivable related to VAS was valued based primarily on the liquidation value of the collateral provided by an independent third-party appraiser. In July 2015, we sold all of our interest in the note receivable to a third party (see Note 3). For the credit loss of $1,004,161 recorded during the three months ended June 30, 2015, our note receivable related to VAS was valued based upon the agreed sales price of our interest in the note receivable with a third party. Assets and Liabilities for which Fair Value is Disclosed Certain of our financial assets and liabilities, which include fixed-rate notes receivable, fixed-rate non-recourse long-term debt, and seller’s credit included in accrued expenses and other liabilities on our consolidated balance sheets, 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. Under U.S. GAAP , we use projected cash flows for fair value measurements of these financial assets and liabilities. Fair value information with respect to certain of our other assets and liabilities is not separately provided since ( i ) U.S. GAAP does not require fair val ue disclosures of lease arrangements and (ii) the carrying value of financial assets and liabilities, other than lease-related investments, approximates fair value due to their short-term maturities and/or variable interest rates. The estimated fair value of our fixed-rate notes receivable was based on the discounted value of future cash flows related to the loans at inception, adjusted for changes in certain variables, including, but not limited to, credit quality, industry, financial markets and other re cent comparables. The estimated fair value of our fixed-rate non-recourse long-term debt and the seller’s credit was based on the discounted value of future cash flows related to the debt and seller’s credit based on a discount rate derived from the margin at inception, adjusted for material changes in risk, plus the applicable fixed rate based on the current interest rate curve. The fair value of the principal outstanding on fixed-rate notes receivable was derived using discount rates ranging between 9.64 % and 26.56 % as of September 30, 2015. The fair value of the principal outstanding on fixed-rate non-recourse long-term debt and the seller’s credit was derived using discount rates ranging between 3.88% and 10.11% as of September 30, 2015. September 30, 2015 Fair Value Carrying Value (Level 3) Principal outstanding on fixed-rate notes receivable $ 20,014,860 $ 15,447,027 Principal outstanding on fixed-rate non-recourse long-term debt $ 3,430,479 $ 3,360,757 Seller's credit $ 8,650,721 $ 8,746,787

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies Disclosure [Text Block]	(12 ) Commitments and Contingencies At the time we acquire or divest of our interest in Capital Assets , we may, under very limited circumstances, agree to indemnify the seller or buyer for speci fic contingent liabilities. Our General Partner believes that any liability of ours that may arise as a result of any such indemnification obligations will not have a material adverse effect on our consolidated fi nancial condition or results of operations taken as a whole . In connectio n with certain debt obligations , we are required to maintain restricted cash balances with certain banks. At September 30, 2015 , we had restricted cash of $ 3,150,000 .

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2015
Subsequent Event [Abstract]
Subsequent Events [Text Block]	(13 ) Subsequent Event s On October 22, 2015, we amended our leases with Coveris Flexibles US LLC (f/k/a Exopack , LLC) (“ Coveris ”) to extend the term for 36 months , effective November 1, 2015, after such leases were automatically extended for six months on the Jul y and September 2015 expiration dates. On October 27, 2015, a joint venture owned 15 % by us amended the lease with Blackhawk Mining, LLC (“Blackhawk”) to waive Blackhawk’s breach of a financial covenant during the nine months ended Se ptember 30, 2015 and to obtain a partial prepayment of $3,502,514, which included an amendment fee of $75,000. In addition, corresponding amendments were made to certain payment and repurchase provisions of the lease to account for the partial prepaymen t.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Credit Quality of Notes Receivable	Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve Our Investment Manager monitors the ongoing credit quality of our financing receivables by ( i ) reviewing and analyzing a borrower’s financial performance on a regular basis, including review of financial statements received on a monthly, quarterly or annual basis as prescribed in the loan or lease agreement, (ii) tracking the relevant credit metrics of each financing receivable and a borrower’s compliance with financial and no n-financial covenants, (iii) monitoring a borrower’s payment history and public credit rating, if available, and (iv) assessing our exposure based on the current investment mix. As part of the monitoring process, our Investment Manager may physically inspe ct the collateral or a borrower’s facility and meet with a borrower’s management to better understand such borrower’s financial performance and its future plans on an as-needed basis. As our financing receivables, generally notes receivable and finance leases, are limited in number, our 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. Our Investment Manager does not use a system of assigni ng internal risk ratings to each of our financing receivables. Rather, each financing receivable is analyzed quarterly and categorized as either performing or non-performing based on certain factors including, but not limited to, financial results, satisfy ing scheduled payments and compliance with financial covenants. A financing receivable is usually categorized as non-performing only when a borrower experiences financial difficulties and has failed to make scheduled payments. Our Investment Manager then a nalyzes whether the financing receivable should be placed on a non-accrual status, a credit loss reserve should be established or the financing receivable should be restructured. As part of the assessment, updated collateral value is usually considered and such collateral value can be based on a third party industry expert appraisal or, depending on the type of collateral and accessibility to relevant published guides or market sales data, internally derived fair value. Material events would be specifically disclosed in the discussion of each financing receivable held. Financing receivables are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, our Investment Manager periodically reviews the creditworthine ss of companies with payments outstanding less than 90 days and based upon our 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 financing rec eivables are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual financing receivables is not in doubt, interest income is recognized on a cash basis. Financing receivable s in non-accrual status may not be restored to accrual status until all delinquent payments have been received, and we believe recovery of the remaining unpaid receivable is probable. When our Investment Manager deems it is probable that we will not be a ble to collect all contractual principal and interest on a non-performing financing receivable, we perform an analysis to determine if a credit loss reserve is necessary. This analysis considers the estimated cash flows from the financing receivable, and/o r the collateral value of the asset underlying the financing receivable when financing receivable repayment is collateral dependent. If it is determined that the impaired value of the non-performing financing receivable is less than the net carrying value, we will recognize a credit loss reserve or adjust the existing credit loss reserve with a corresponding charge to earnings. We then charge off a financing receivable in the period that it is deemed uncollectible by reducing the credit loss reserve and th e balance of the financing receivable.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation Our accompanying conso lidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for Quarterly Reports on Form 10-Q. In the opinion of our G eneral P artner , all adjustments, which are of a normal recurring n ature, 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 our Annual Report on Form 10-K for the year ended December 31, 2014 . The results for the interim period are not necessarily indicative of the results for the full year.
Restricted Cash Policy	Restricted Cash Cash that is restricted from use in operations is generally classified as restricted cash. Classification of changes in restricted cash within the consolidated statements of cash flows depends on the predominant source of the related cash flows. For the nine months ended September 30, 2015 and 2014, the predominant cash outflows from restricted cash were related to the release of previously restricted cash to pay down certain non-recourse long-term debt. The restricted c ash was related to rental income receipts associated with our leasing operations and such receipts were previously restricted pursuant to a provision in the senior non-recourse long-term debt agreement. As a result, changes in restricted cash were classifi ed within net cash provided by operating activities for both periods.
New Accounting Pronouncements Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ ASU ”) No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), requiring revenue to be recognized in an amount that reflects the consideration expected to be received in exchange for goods and services. This 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. In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers – Deferral of the Effective Date (“ASU 2015-14”), which defers implementation of ASU 2014-09 by one year. Under such deferral, the adoption of ASU 2014-09 becomes effective for us on January 1, 2018, including interim periods within that reporting period. Early adoption is permitted, but not before our original effective date of January 1, 2017. We are currently in the process of evaluating the impact of the adoptio n of ASU 2014-09 on our consolidated financial statements. In August 2014, FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which provides guidance about 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 adoption of ASU 2014-15 becomes ef fective for us on our fiscal year ending December 31, 2016, and all subsequent annual and interim periods. Early adoption is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on our consolidated financial statements. In Janu ary 2015, FASB issued ASU No. 2015-01, Income Statement – Extraordinary and Unusual Items (“ASU 2015-01”), which simplifies income statement presentation by eliminating the concept of extraordinary items. The adoption of ASU 2015-01 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. The adoption of ASU 2015-01 is not expected to have a material effect on our consolidated financial statements. In February 2015, FASB issued ASU No. 2015-02, Consolidation – Amendments to the Consolidation Analysis (“ASU 2015-02”), which modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities, eliminates the pres umption that a general partner should consolidate a limited partnership, and affects the consolidation analysis by reducing the frequency of application of related party guidance and excluding certain fees in the primary beneficiary determination. The adop tion of ASU 2015-02 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. The adoption of ASU 2015-02 is not expected to have a material effect on our consolidated financial statem ents. In April 2015, FASB issued ASU No. 2015-03, Interest – Imputation of Interest (“ASU 2015-03”), which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amo unt of such debt liability, consistent with debt discounts. In August 2015, FASB issued ASU No. 2015-15 , Interest – Imputation of Interest (“ASU 2015-15”), which further specifies the SEC Staff’s view on the presentation and subsequent measurement of debt issuance costs associated with line of credit arrangements. ASU 2015-03 and ASU 2015-15 will be applied on a retrospective basis. The adoption of ASU 2015-03 and ASU 2015-15 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. The adoption of ASU 2015-03 and ASU 2015-15 is not expected to have a material effect on our consolidated financial statements. Upon adoption of both accounting standards updates , debt issuance costs associa ted with non-recourse long-term debt will be reclassified in our consolidated balance sheets from other assets to non-recourse long-term debt, while debt issuance costs associated with line of credit arrangements will continue to be presented in other asse ts on our consolidated balance sheets .

Net Investment in Notes Recei21

Net Investment in Notes Receivable (Tables)	9 Months Ended
	Sep. 30, 2015
Net Investment in Notes Receivable [Abstract]
Net Investments in Notes Receivable	Net investment in notes receivable consisted of the following: September 30, 2015 December 31, 2014 Principal outstanding (1) $ 39,636,500 $ 65,959,899 Initial direct costs 2,650,954 3,397,823 Deferred fees (799,438) (923,855) Credit loss reserve (2) (23,849,371) (5,701,892) Net investment in notes receivable (3) $ 17,638,645 $ 62,731,975 (1) As of September 30, 2015, total principal outstanding related to our impaired loan of $31,788,011 was related to JAC (defined below). As of December 31, 2014, total principal outstanding related to our impaired loans was $8,600,970, of which $4,795,035 was related to VAS (defined below) and $3,805,935 was related to Western Drilling (defined below). (2) As of September 30, 2015, the credit loss reserve of $23,849,371 was related to JAC. As of December 31, 2014, the credit loss reserve was $5,701,892, of which $1,895,957 was related to VAS and $3,805,935 was related to Western Drilling. (3) As of September 30, 2015 and December 31, 2014, net investment in notes receivable related to our impaired loans was $9,544,175 and $2,899,078, respectively.
Allowance For Credit Losses On Financing Receivables [Table Text Block]	Credit loss allowance activities for the three months ended September 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of June 30, 2015 $ 15,921,795 Provisions 7,927,576 Write-offs, net of recoveries - Allowance for credit loss as of September 30, 2015 $ 23,849,371 Credit loss allowance activities for the three months ended September 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of June 30, 2014 $ 6,775,813 Provisions - Write-offs, net of recoveries (11,084) Allowance for credit loss as of September 30, 2014 $ 6,764,729 Credit loss allowance activities for the nine months ended September 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2014 $ 5,701,892 Provisions 25,903,665 Write-offs, net of recoveries (7,756,186) Allowance for credit loss as of September 30, 2015 $ 23,849,371 Credit loss allowance activities for the nine months ended September 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2013 $ 5,902,598 Provisions 873,215 Write-offs, net of recoveries (11,084) Allowance for credit loss as of September 30, 2014 $ 6,764,729

Net Investment in Finance Lea22

Net Investment in Finance Leases (Tables)	9 Months Ended
	Sep. 30, 2015
Net Investment in Finance Leases [Abstract]
Net investment in finance leases	Net investment in finance leases consisted of the following: September 30, 2015 December 31, 2014 Minimum rents receivable (1) $ 159,173,521 $ 167,319,170 Initial direct costs 978,886 1,262,792 Unearned income (31,445,660) (37,929,691) 128,706,747 130,652,271 Credit loss reserve (2) (25,539,832) (12,646,486) Net investment in finance leases $ 103,166,915 $ 118,005,785 (1) As of September 30, 2015 and December 31, 2014, the total minimum rents receivable related to our impaired finance leases of $82,404,451 and $84,400,600, respectively, was related to the Amazing and the Fantastic (discussed below). (2) As of September 30, 2015 and December 31, 2014, the credit loss reserve of $25,539,832 and $12,646,486, respectively, was related to the Amazing and the Fantastic.

Leased Equipment at Cost (Table

Leased Equipment at Cost (Tables)	9 Months Ended
	Sep. 30, 2015
Leased Equipment at Cost [Abstract]
Leased equipment at cost	Leased equipment at cost consisted of the following: September 30, 2015 December 31, 2014 Packaging equipment $ 6,535,061 $ 6,535,061 Motor coaches - 9,384,683 Marine - crude oil tankers 147,900,706 147,900,706 Leased equipment at cost 154,435,767 163,820,450 Less: accumulated depreciation 43,358,302 41,069,511 Leased equipment at cost, less accumulated depreciation $ 111,077,465 $ 122,750,939

Transactions with Related Par24

Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 2015
Transactions with Related Parties [Abstract]
Fees And Expenses Paid Or Accrued [Table Text Block]	Fees and other expenses incurred by us to our General Partner or its affiliates were as follows: Three Months Ended September 30, Nine Months Ended September 30, Entity Capacity Description 2015 2014 2015 2014 ICON Capital, LLC Investment Manager Acquisition fees (1) $ 99,341 $ 289,694 $ 99,341 $ 847,917 ICON Capital, LLC Investment Manager Management fees (2) 651,036 510,038 1,708,909 1,933,715 ICON Capital, LLC Investment Administrative Manager expense reimbursements (2) 316,697 396,443 1,020,095 1,208,753 $ 1,067,074 $ 1,196,175 $ 2,828,345 $ 3,990,385 (1) Amount capitalized and amortized to operations. (2) Amount charged directly to operations.

Derivative Financial Instrume25

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments In Consolidated Balance Sheets	The table below presents the fair value of our derivative financial instruments as well as their classification within our consolidated balance sheets as of September 30, 2015 and December 31, 2014 : Liability Derivatives September 30, 2015 December 31, 2014 Balance Sheet Location Fair Value Fair Value Derivatives not designated as hedging instruments: Interest rate swaps Derivative financial instruments $ 5,151,159 $ 5,379,474

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Assets Measured On Nonrecurring Basis Valuation Techniques [Text Block]	We are required, on a nonrecurring basis, to adjust the carrying value or provide valuation allowances for certain assets using fair value measurements. Our non-financial assets, such as leased equipment at cost, are measured at fair value when there is an indicator of impairment and recorded at fair value only when an impairment charge is recognized. To determine the fair value when impairment indicators exist, we utilize different valuation approaches based on transaction-specific facts and circumstances to determine fair value, including, but not limite d to, discounted cash flow models and the use of comparable transactions. The valuation of our financial assets, such as notes receivable or finance leases, is included below only when fair value has been measured and recorded based on the fair value of th e underlying collateral. The following table summarizes the valuation of our material financial assets measured at fair value on a nonrecurring basis, which is presented as of the date the credit loss was recorded, while the carrying value of the assets is presented as of September 30, 2015 : Credit loss for the Carrying Value at Fair Value at Impairment Date Nine Months Ended September 30, 2015 Level 1 Level 2 Level 3 September 30, 2015 Net investment in note receivable $ - $ - $ - $ 806,924 $ 2,092,154
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis [Table Text Block]	The following table summa rizes the valuation of our financial liabilities measured at fair value on a recurring basis as of September 30, 2015 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 5,151,159 $ - $ 5,151,159 The following table summarizes the valuati on of our financial liabilities measured at fair value on a recurring basis as of December 31, 2014 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 5,379,474 $ - $ 5,379,474
Fair Value By Balance Sheet Grouping [Text Block]	September 30, 2015 Fair Value Carrying Value (Level 3) Principal outstanding on fixed-rate notes receivable $ 20,014,860 $ 15,447,027 Principal outstanding on fixed-rate non-recourse long-term debt $ 3,430,479 $ 3,360,757 Seller's credit $ 8,650,721 $ 8,746,787

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Period when notes receivable are placed in nonaccrual status	90 days
Days outstanding	90 days

Net Investment in Notes Recei28

Net Investment in Notes Receivable (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Schedule of Notes Receivable [Abstract]
Principal outstanding	$ 39,636,500		$ 65,959,899
Initial direct costs	2,650,954		3,397,823
Deferred fees	(799,438)		(923,855)
Credit loss reserve	(23,849,371)	$ (15,921,795)	(5,701,892)	$ (6,764,729)	$ (6,775,813)	$ (5,902,598)
Net investment in notes receivable	$ 17,638,645		$ 62,731,975

Net Investmnet in Notes Receiva

Net Investmnet in Notes Receivable (Details- Credit Loss allowance activities) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2014
Financing Receivable Allowance For Credit Losses Roll Forward
Allowance for credit loss	$ 15,921,795	$ 6,775,813	$ 5,701,892	$ 5,902,598
Provisions	7,927,576		25,903,665	873,215	$ 7,927,576
Write-offs, net of recoveries		11,084	(7,756,186)	(11,084)
Allowance for credit loss	$ 23,849,371	$ 6,764,729	$ 23,849,371	$ 6,764,729	$ 6,775,813

Net Investment in Notes Recei30

Net Investment in Notes Receivable Narratives (Details)	Aug. 06, 2015USD ($)	Jul. 23, 2015USD ($)	Jul. 15, 2015USD ($)	May. 07, 2015USD ($)	Apr. 29, 2015USD ($)	Jan. 30, 2015USD ($)	Jul. 26, 2011USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 22, 2011USD ($)
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net								$ 17,638,645			$ 62,731,975			$ 17,638,645		$ 62,731,975
Financing Receivable, Allowance for Credit Losses								23,849,371	$ 15,921,795		5,701,892	$ 6,764,729	$ 15,921,795	23,849,371	$ 6,764,729	5,701,892	$ 6,775,813	$ 5,902,598
Write-Offs												11,084		(7,756,186)	(11,084)
Notes Receivable Net Impaired Loans								9,544,175			2,899,078			9,544,175		2,899,078
Additional Credit Loss Reserve								18,813,180				(11,084)		38,797,011	862,131
Finance income								3,201,527				3,633,794		9,252,787	10,491,572
Principal and sale proceeds received on notes receivable														$ 20,336,642	30,788,003
Basis Spread (In Hundreths)														2.50%
Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Net Investments In Notes Receivable Nonaccrual Status								9,544,175			2,899,078			$ 9,544,175		2,899,078
Principal Outstanding Impaired Notes Receivable											8,600,970					8,600,970
Finance Leases Financing Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Net Investments In Notes Receivable Nonaccrual Status								103,166,915			118,005,785			103,166,915		118,005,785
Notes Receivable 90 Days Past Due And Still Accruing								0			0			0		0
Financing Receivable, Allowance for Credit Losses								25,539,832			12,646,486			25,539,832		12,646,486
Western Drilling
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses								0						0
Additional Credit Loss Reserve																862,131
Western Drilling | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses											3,805,395					3,805,395
Principal Outstanding Impaired Notes Receivable											3,805,935					3,805,935
Western Drilling | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses											3,805,935					3,805,935
Principal Outstanding Impaired Notes Receivable											3,805,935					3,805,935
Loans Disbursed							$ 9,465,000
Interest Rate (In Hundreths)							14.00%
Debt Instrument Maturity Date							Sep. 1, 2016
Principal and sale proceeds received on notes receivable					$ 37,860
VAS Aero Services LLC [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses								0			$ 1,895,957			0		1,895,957
Debt Instrument Maturity Date											Oct. 6, 2014
Additional Credit Loss Reserve									1,004,161	$ 1,087,993
VAS Aero Services LLC [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Write-Offs									3,988,111
Principal Outstanding Impaired Notes Receivable											$ 4,795,035					4,795,035
Notes Receivable Sale Of Interest		$ 806,924
Additional Credit Loss Reserve									1,004,161
VAS Aero Services LLC [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net											2,899,078					2,899,078
Principal Outstanding Impaired Notes Receivable									$ 806,924		4,795,035		$ 806,924			$ 4,795,035
Finance income												205,084			578,818
VAS Aero Services LLC [Member] | Secured Debt [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Debt Instrument Maturity Date																Oct. 6, 2014
Superior [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Debt Instrument Maturity Date						Sep. 10, 2017
Finance income						$ 123,006
Principal and sale proceeds received on notes receivable						10,198,999
Prepayment Fee						$ 296,960
JAC [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses								23,849,371						23,849,371
Additional Credit Loss Reserve								7,927,576
Finance income								0
JAC [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net								9,544,175			$ 31,976,805			9,544,175		$ 31,976,805
Principal Outstanding Impaired Notes Receivable								31,788,011						31,788,011
Finance income												$ 883,210		984,108	$ 2,513,888
Orginial Interest Rate									0.125				0.125
Face amount of loans funded																			$ 20,124,000
Interest Rate including default interest									0.155				0.155
Equity Method Investment Ownership Percentage																			75.00%
JAC [Member] | Notes Receivable [Member] | ICON Leasing Fund Twelve, LLC [Member]
Accounts Notes And Loans Receivable [Line Items]
Equity Method Investment Ownership Percentage																			25.00%
JAC [Member] | Notes Receivable [Member] | Minimum [Member]
Accounts Notes And Loans Receivable [Line Items]
Estimated additional losses													$ 6,400,000
JAC [Member] | Notes Receivable [Member] | Maximum [Member]
Accounts Notes And Loans Receivable [Line Items]
Estimated additional losses													$ 22,300,000
JAC [Member] | Finance Leases Financing Receivable [Member] | Minimum [Member]
Accounts Notes And Loans Receivable [Line Items]
Estimated additional losses														19,400,000
JAC [Member] | Finance Leases Financing Receivable [Member] | Maximum [Member]
Accounts Notes And Loans Receivable [Line Items]
Estimated additional losses														24,000,000
JAC [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Principal Outstanding Impaired Notes Receivable								31,788,011						31,788,011
NARL Marketing [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Principal and sale proceeds received on notes receivable	$ 1,079,963		$ 1,574,215	$ 206,818
Prepayment Fee			$ 67,500
TMA [Member]
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net								3,500,490						3,500,490
Accrued Interest								327,545						327,545
Interest receivable 90 days past due and still accruing								287,568						$ 287,568
Cenveo [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Principal and sale proceeds received on notes receivable								5,675,625
Prepayment Fee								$ 108,000
Term loan maturity date								Oct. 1, 2018

Net Investment in Finance Lea31

Net Investment in Finance Leases (Details) - USD ($)	Sep. 29, 2010	Jun. 21, 2011	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Additional Credit Loss Reserve			$ 18,813,180	$ (11,084)	$ 38,797,011	$ 862,131
Finance income			3,201,527	3,633,794	9,252,787	10,491,572
Capital Leases Net Investment In Direct Financing Leases Abstract
Minimum rents receivable			159,173,521		159,173,521		$ 167,319,170
Estimated unguaranteed residual values			0		0		0
Initial direct costs			978,886		978,886		1,262,792
Unearned income			(31,445,660)		(31,445,660)		(37,929,691)
Capital Leases Gross Investment In Direct Financing Leases			128,706,747		128,706,747		130,652,271
Credit loss reserve			(25,539,832)		(25,539,832)		(12,646,486)
Net investment in finance leases			103,166,915		103,166,915		118,005,785
Geden Subsidiaries [Member]
Property, Plant and Equipment [Line Items]
Additional Credit Loss Reserve			10,885,604		12,893,346
Capital Leases Net Investment In Direct Financing Leases Abstract
Credit loss reserve			(25,539,832)		(25,539,832)		(12,646,486)
Net investment in finance leases			35,075,391		35,075,391		49,964,886
Center Navigation Ltd [Member]
Capital Leases Net Investment In Direct Financing Leases Abstract
Net investment in finance leases			68,091,524		68,091,524		68,040,899
Notes Receivable [Member]
Property, Plant and Equipment [Line Items]
Net Investments In Finance Leases Nonaccrual Status			9,544,175		9,544,175		2,899,078
Finance Leases Financing Receivable [Member]
Property, Plant and Equipment [Line Items]
Net Investments In Finance Leases Nonaccrual Status			103,166,915		103,166,915		118,005,785
Finance Leases 90 Days Past Due And Still Accruing			0		0		0
Minimum Rents Receivable Related To Impaired Loans			82,404,451		82,404,451		$ 84,400,600
Finance Leases Financing Receivable [Member] | Geden Subsidiaries [Member]
Property, Plant and Equipment [Line Items]
Finance income			0	514,744	0	1,527,982
Finance Leases Financing Receivable [Member] | Center Navigation Ltd [Member]
Property, Plant and Equipment [Line Items]
Finance income			$ 2,593,701	$ 661,342	$ 6,200,124	$ 1,963,476
Supramax Bulk Carrier Vessels [Member] | Geden Subsidiaries [Member]
Property, Plant and Equipment [Line Items]
Equipment Purchased	$ 67,000,000
Equipment Purchase Funded With Cash	23,450,000
Equipment Purchase Funded With Non Recourse Long Term Debt	$ 43,550,000
Lease Term Period	7 years
Crude Oil Tanker [Member] | Center Navigation Ltd [Member]
Property, Plant and Equipment [Line Items]
Equipment Purchase Funded With Cash		$ 16,000,000
Equipment Purchase Funded With Non Recourse Long Term Debt		44,000,000
Equipment Purchase Funded With Subordinated Non Interest Bearing Sellers Credit		$ 9,000,000
Lease Term Period		5 years

Leased Equipment at Cost (Detai

Leased Equipment at Cost (Details)	Aug. 31, 2015USD ($)NumberOfEquipment	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Property, Plant and Equipment [Line Items]
Leased equipment at cost		$ 154,435,767		$ 154,435,767		$ 163,820,450
Less: accumulated depreciation		43,358,302		43,358,302		41,069,511
Leased equipment, net		111,077,465		111,077,465		122,750,939
Depreciation		2,455,913	$ 2,615,854	7,663,788	$ 9,072,339
CAM Leasing, LLC [Member]
Property, Plant and Equipment [Line Items]
Equipment Sold	$ 4,025,000
Number of buses sold | NumberOfEquipment	23
Additional rental income	$ 477,362
Packaging Equipment [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost		6,535,061		6,535,061		6,535,061
Motor Coaches [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost						9,384,683
Marine - Crude Oil Tankers [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost		$ 147,900,706		$ 147,900,706		$ 147,900,706

Investment In Joint Ventures Na

Investment In Joint Ventures Narratives (Details) - USD ($)	Jul. 10, 2015	May. 14, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Investments in joint ventures			$ 21,731,115	$ 18,739,125		$ 21,731,115
LLC's Share Of Net Income Loss			$ 574,774		$ 537,939	$ 1,858,719	$ 1,411,959
Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Asset Impairment Charges				$ 4,026,090
Gain On Lease Termination		$ 2,638,850
Ownership Percentage			38.00%			38.00%
LLC's Share Of Net Income Loss		269,965
Go Frac [Member] | Asset Held For Sale
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Equipment Sold		5,542,000
Equipment Sold Selling Costs		538,786
Gain Loss On Sale Of Property Plant Equipment		$ 983,474
Challenge [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Investments in joint ventures	$ 3,993,515
Ownership Percentage	40.00%
Equipment Purchased	$ 9,934,118
Term of Lease	60 months
ICON ECI Fund Fifteen LP [Member] | Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage			58.00%			58.00%
ICON ECI Fund Fifteen LP [Member] | Challenge [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage	50.00%
ICON ECI Fund Sixteen [Member] | Challenge [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage	10.00%
ICON ECI Partners LP [Member] | Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage			4.00%			4.00%

Non-Recourse Long-Term Debt (De

Non-Recourse Long-Term Debt (Details) - USD ($)	Sep. 29, 2015	Sep. 21, 2015	Jul. 01, 2015	Jun. 22, 2015	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Jul. 08, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Non-recourse long term debt							$ 126,542,627			$ 152,903,523
Interest Rate Minimum (In Hundredths)							4.134%
Interest Rate Maximum (In Hundredths)							12.00%
Maturity Date Of Non-Recourse Long Term Debt, Start							Jun. 21, 2016
Maturity Date Of Non-Recourse Long Term Debt, End							Mar. 29, 2021
Carrying Value Of Underlying Assets Securing Non Recourse Debt							$ 211,439,053			239,452,768
Repayment Of Non-Recourse Long-Term Debt							26,360,896	$ 29,795,037
Restricted Cash							$ 3,150,000			7,317,126
Basis Spread (In Hundreths)							2.50%
Geden Subsidiaries [Member]
Debt Instrument [Line Items]
Carrying Value Of Underlying Assets Securing Non Recourse Debt							$ 103,166,915			118,005,785
Basis Spread (In Hundreths)	3.85%
NXT Capital LLC [Member]
Debt Instrument [Line Items]
Repayment Of Non-Recourse Long-Term Debt							3,455,535
Minimum [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt							22,000,000
Subordinated Non-Recourse Long Term Debt [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt							3,430,479			11,319,371
Repayment Of Non-Recourse Long-Term Debt	$ 1,500,000		$ 1,430,000		$ 5,632,821
Restricted Cash							1,000,000			$ 5,417,126
Subordinated Non-Recourse Long Term Debt [Member] | Center Navigation Ltd [Member]
Debt Instrument [Line Items]
Repayment Of Non-Recourse Long-Term Debt		$ 2,570,000		$ 1,400,000
Subordinated Non-Recourse Long Term Debt [Member] | Maximum [Member] | Geden Subsidiaries [Member]
Debt Instrument [Line Items]
Additional guarantee on debt									$ 2,500,000
Senior Debt [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt							$ 128,000,000
Repayment Of Non-Recourse Long-Term Debt						$ 5,679,970

Revolving Line of Credit, Rec35

Revolving Line of Credit, Recourse (Details)	9 Months Ended
	Sep. 30, 2015USD ($)
Line of Credit Facility [Line Items]
Maximum Borrowing Capacity	$ 12,500,000
Expiration Date	May 30, 2017
Debt Financing Cost	$ 47,500
Debt Instrument Basis Spread On Variable Rate1	2.50%
Commitment Fee (In Hundredths)	0.50%
Available Borrowing Capacity	$ 5,133,287
Number Of Separate Non Prime Rate Advances	5
Minimum [Member]
Line of Credit Facility [Line Items]
Interest Rate Floor (In Hundredths)	4.00%

Transactions with Related Par36

Transactions with Related Parties (Details) - USD ($)	3 Months Ended				6 Months Ended	9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Fees And Commissions Other	$ 1,067,074			$ 1,196,175		$ 2,828,345	$ 3,990,385
Partners Capital Account Distributions	5,227,505	$ 5,227,505	$ 5,227,505		$ 5,227,505
Net Income Loss Allocated To General Partners	(141,618)			29,355		(255,825)	76,227
Due to General Partner and affiliates	344,764					344,764		$ 826,285
Notes Receivable Related Parties	2,622,196					2,622,196		2,609,209
Finance income	3,201,527			3,633,794		9,252,787	10,491,572
Additional Contribution by Non Controlling Interest						142,500	0
ICON Capital, LLC [Member] | Management Fees [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	651,036			510,038		1,708,909	1,933,715
ICON Capital, LLC [Member] | Administrative Expense Reimbursements [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	316,697			396,443		1,020,095	1,208,753
ICON Capital, LLC [Member] | Acquisition Fees [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	99,341			289,694		99,341	847,917
General Partner [Member]
Related Party Transaction [Line Items]
Partners Capital Account Distributions	52,275			52,275		156,825	156,827
Net Income Loss Allocated To General Partners	(141,618)			29,355		(255,825)	76,227
Due to General Partner and affiliates	344,764					344,764		826,285
Joint Venture [Member]
Related Party Transaction [Line Items]
Notes Receivable Related Parties	2,622,196					2,622,196		2,609,209
Accrued Interest On Note Receivable From Joint Venture	29,354					29,354		$ 30,332
Finance income	104,008			$ 103,150		$ 307,728	$ 304,656
ICON Leasing Fund Twelve, LLC [Member]
Related Party Transaction [Line Items]
Additional Contribution by Non Controlling Interest	$ 142,500

Derivative Financial Instrume37

Derivative Financial Instruments (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)numberofinterestrateswaps	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)numberofinterestrateswaps	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)numberofinterestrateswaps
Derivative [Line Items]
Termination Value Of Derivatives In A Liability Position	$ 5,446,281		$ 5,446,281		$ 5,661,617
Liability Derivatives	5,151,159		5,151,159		$ 5,379,474
Derivative Gain/Loss On Derivative Net	$ (1,109,113)	$ 140,417	$ (1,914,139)	$ 1,427,927
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Gain/Loss On Derivative Net		(140,417)		1,427,927
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Number Of Instruments Held | numberofinterestrateswaps	3		3		3
Derivative Notional Amount	$ 100,105,000		$ 100,105,000		$ 109,210,000
Liability Derivatives	5,151,159		5,151,159		$ 5,379,474
Derivative Gain/Loss On Derivative Net	$ 1,109,113	(183,543)	$ 1,914,139	1,381,610
Warrant [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Gain/Loss On Derivative Net		$ 43,126		$ 46,317

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Notes Receivable Net	$ 17,638,645				$ 17,638,645		$ 62,731,975
Credit loss	18,813,180			$ (11,084)	38,797,011	$ 862,131
VAS Aero Services LLC [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Credit loss		$ 1,004,161	$ 1,087,993
Carrying Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Principal outstanding on fixed-rate notes receivable	20,014,860				20,014,860
Principal outstanding on fixed-rate non-recourse long-term debt	3,430,479				3,430,479
Seller's credit	8,650,721				$ 8,650,721
Minimum [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate					9.64%
Minimum [Member] | Fixed Rate Non Recourse Long Term Debt And Sellers Credit [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate					3.88%
Maximum [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate					26.56%
Maximum [Member] | Fixed Rate Non Recourse Long Term Debt And Sellers Credit [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate					10.11%
Fair Value, Inputs, Level 3 [Member] | Fair Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Principal outstanding on fixed-rate notes receivable	15,447,027				$ 15,447,027
Principal outstanding on fixed-rate non-recourse long-term debt	3,360,757				3,360,757
Seller's credit	8,746,787				8,746,787
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Fair Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Liabilities	5,151,159				5,151,159		5,379,474
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Fair Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Liabilities	5,151,159				5,151,159		$ 5,379,474
Fair Value, Measurements, Nonrecurring [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Credit loss					2,092,154
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Notes Receivable Net	$ 806,924				$ 806,924

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Restricted Cash	$ 3,150,000	$ 7,317,126

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Oct. 27, 2015	Oct. 22, 2015	Sep. 30, 2015	Sep. 30, 2014
Subsequent Event [Line Items]
Partial prepayment on finance lease			$ 1,996,149	$ 835,975
Subsequent Event [Member] | ICON Blackhawk,LLC [Member] | Mining Equipment [Member]
Subsequent Event [Line Items]
Ownership Percentage	15.00%
Partial prepayment on finance lease	$ 3,502,514
Amendment Fee	$ 75,000
Subsequent Event [Member] | Coveris [Member] | Packaging Equipment [Member]
Subsequent Event [Line Items]
Lease Term Extension		36 months

Uncategorized Items - icoh-2015

Label	Element	Value
Transfer of Portfolio Loans and Leases to Held-for-sale	us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1	$ 0