ICON Equipment & Corporate Infrastructure Fund Fourteen 10-Q 8 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 04, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.	'
Document Type	'10-Q	'
Entity Central Index Key	'0001446806	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Document Period End Date	30-Jun-14	'
Entity Common Stock, Shares Outstanding	'	258,761
Amendment Flag	'false	'
Entity Filer Category	'Non-accelerated Filer	'

Consolidated_Balance_Sheets_un

Consolidated Balance Sheets (unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Assets	'	'
Cash and cash equivalents	$20,676,119	$9,526,625
Restricted Cash	4,557,860	10,860,964
Net investment in finance leases	130,693,451	133,799,368
Leased equipment at cost (less accumulated depreciation of $36,038,160 and $44,364,515, respectively)	128,192,755	146,570,694
Net investment in notes receivable	65,458,179	89,430,862
Note receivable from joint venture	2,602,595	2,575,278
Investments in joint ventures	16,415,570	10,680,776
Other assets	4,766,828	6,833,329
Total Assets	373,363,357	410,277,896
Liabilities:	'	'
Non-recourse long term debt	158,095,144	185,275,365
Derivative financial instruments	6,196,117	6,281,705
Deferred revenue	2,229,494	3,253,862
Due to General Partner and affiliates, net	343,968	522,643
Accrued expenses and other liabilities	10,501,802	14,559,645
Total Liabilities	177,366,525	209,893,220
Commitments and contingencies (Note 12)	'	'
Partners' Equity:	'	'
Limited partners	180,769,544	186,487,068
General Partner	-496,865	-439,185
Total partners' equity	180,272,679	186,047,883
Noncontrolling interests	15,724,153	14,336,793
Total equity	195,996,832	200,384,676
Total liabilities and equity	$373,363,357	$410,277,896

Consolidated_Balance_Sheets_un1

Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Assets	'	'
Leased equipment at cost, accumulated depreciation	$36,038,160	$44,364,515

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue:	'	'	'	'
Finance income	$2,988,260	$5,367,229	$6,857,778	$11,832,761
Rental income	5,984,439	7,211,599	13,190,111	14,423,198
Income from investments in joint ventures	480,419	385,042	874,020	595,809
Gain on sale of assets, net	2,229,898	0	2,229,898	0
Other income	5,620	82,903	20,043	130,369
Total revenue	11,688,636	13,046,773	23,171,850	26,982,137
Expenses:	'	'	'	'
Management fees	981,129	462,140	1,423,677	963,045
Administrative expense reimbursements	399,353	493,359	812,310	1,111,527
General and administrative	515,037	772,555	1,209,950	1,325,796
Credit Loss	78,216	18,795	873,215	18,795
Depreciation	2,613,997	3,842,487	6,456,485	7,684,975
Interest	2,232,428	2,629,131	4,771,791	5,293,171
Loss (gain) on derivative financial instruments	906,994	-1,914,721	1,568,344	-1,991,747
Total expenses	7,727,154	6,303,746	17,115,772	14,405,562
Net income	3,961,482	6,743,027	6,056,078	12,576,575
Less: net income attributable to noncontrolling interests	979,504	925,817	1,368,876	1,440,370
Net income attributable to Fund Fourteen	2,981,978	5,817,210	4,687,202	11,136,205
Net income attributable to Fund Fourteen allocable to:	'	'	'	'
Limited partners	2,952,158	5,759,038	4,640,330	11,024,843
General Partner	29,820	58,172	46,872	111,362
Net income (loss) attributable to Fund Fourteen	$2,981,978	$5,817,210	$4,687,202	$11,136,205
Weighted average number of limited partnership interests outstanding	258,761	258,820	258,766	258,823
Net income attributable to Fund Fourteen per weighted average limited partnership interest outstanding	$11.41	$22.25	$17.93	$42.60

Consolidated_Statements_of_Cha

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, 2013	$200,384,676	$186,487,068	($439,185)	$186,047,883	$14,336,793
Balance (in shares) at Dec. 31, 2013	'	258,772	'	'	'
Increase (Decrease) in Partners' Capital [Roll Forward]	'	'	'	'	'
Net income	2,094,596	1,688,172	17,052	1,705,224	389,372
Repurchase of limited partnership interests	-7,178	-7,178	'	-7,178	'
Repurchase of limited partnership interests (in shares)	'	-11	'	'	'
Distributions	-5,227,723	-5,175,446	-52,277	-5,227,723	'
Balance (unaudited) at Mar. 31, 2014	197,244,371	182,992,616	-474,410	182,518,206	14,726,165
Balance (in shares) at Mar. 31, 2014	'	258,761	'	'	'
Increase (Decrease) in Partners' Capital [Roll Forward]	'	'	'	'	'
Net income	3,961,482	2,952,158	29,820	2,981,978	979,504
Distributions	-5,227,505	-5,175,230	-52,275	-5,227,505	'
Investment by noncontrolling interest	18,484	'	'	'	18,484
Balance (unaudited) at Jun. 30, 2014	$195,996,832	$180,769,544	($496,865)	$180,272,679	$15,724,153
Balance (in shares) at Jun. 30, 2014	'	258,761	'	'	'

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flow (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$6,056,078	$12,576,575
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Finance income, net of costs and fees	-784,850	-1,029,901
Income from investments in joint ventures	-874,020	-595,809
Net gain on sale of assets	-2,229,898	0
Depreciation	6,456,485	7,684,975
Credit loss	873,215	18,795
Interest expense from amortization of debt financing costs	383,646	439,122
Interest expense, other	210,200	199,348
Gain on derivative financial instruments	-82,397	-3,804,093
Changes in operating assets and liabilities:	'	'
Restricted cash	6,303,104	-2,239,058
Other assets, net	1,679,661	-1,221,858
Accrued expenses and other liabilities	-4,268,043	1,122,906
Deferred revenue	-1,024,368	-220,055
Due to General Partner and affiliates	-178,675	53,675
Distributions from joint ventures	372,939	143,775
Net cash provided by operating activities	12,893,077	13,128,397
Cash flows from investing activities:	'	'
Proceeds from sale of equipment	16,368,941	641,942
Principal received on finance leases	835,975	3,277,512
Investment in joint ventures	-5,353,420	-7,913,572
Distributions received from joint ventures in excess of profits	119,707	116,207
Investment in notes receivable	-421,889	-5,136,783
Principal received on notes receivable	24,331,246	2,584,433
Net cash provided by (used in) investing activities	35,880,560	-6,430,261
Cash flows from financing activities:	'	'
Repayment of non-recourse long-term debt	-27,180,221	-10,534,584
Proceeds from revolving line of credit, recourse	0	3,000,000
Investment by noncontrolling interest	18,484	0
Distributions to noncontrolling interests	0	-94,709
Distributions to partners	-10,455,228	-10,457,571
Repurchase of limited partnership interests	-7,178	-8,639
Net cash used in financing activities	-37,624,143	-18,095,503
Net increase (decrease) in cash and cash equivalents	11,149,494	-11,397,367
Cash and cash equivalents, beginning of the period	9,526,625	18,719,517
Cash and cash equivalents, end of the period	20,676,119	7,322,150
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest	$4,650,360	$5,114,559

Organization

Organization	6 Months Ended
	Jun. 30, 2014
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 as 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 ownership 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 formerly known as ICON Capital Corp. (“ICON Capital”). 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 things, facilitate the acquisition and servicing of our investments.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	(2) Summary of Significant Accounting Policies
	Basis of Presentation and Consolidation
	Our accompanying consolidated 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 for Quarterly Reports on Form 10-Q. In the opinion of our General Partner, all adjustments, which are of a normal recurring nature, considered necessary for a fair presentation have been included.  These consolidated financial statements should be read together with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2013. The results for the interim period are not necessarily indicative of the results for the full year.
	Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve
	Our Investment Manager weighs all credit decisions based on a combination of external credit ratings as well as internal credit evaluations of all borrowers. A borrower’s credit is analyzed using those credit ratings as well as the borrower’s financial statements and other financial data deemed relevant.
	As 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. Financing receivables are analyzed quarterly and categorized as either performing or non-performing based on payment history. If a financing receivable becomes non-performing due to a borrower’s missed scheduled payments or failed financial covenants, our Investment Manager analyzes whether a credit loss reserve should be established or whether the financing receivable should be restructured. Material events would be specifically disclosed in the discussion of each financing receivable held.
	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 creditworthiness 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 receivables 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 receivables 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 able 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, or 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 the 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. The adoption of ASU 2014-09 becomes effective for us on January 1, 2017, including interim periods within that reporting period. Early adoption is not permitted.  We are currently in the process of evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.

Net_Investment_in_Notes_Receiv

Net Investment in Notes Receivable	6 Months Ended
	Jun. 30, 2014
Net Investment in Notes Receivable [Abstract]	'
Net Investment in Notes Receivable	'
	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 Drilling’s failure to meet its payment obligations. As a result, the loan was placed on a non-accrual status and we recorded a credit loss of $3,412,087 during the year ended December 31, 2013 based on the estimated value of the recoverable collateral. During the six months ended June 30, 2014, we recorded an additional credit loss reserve of $873,215 based on cash proceeds of $3,811,960 received from the sale of the collateral. As of June 30, 2014, we fully reserved the remaining balance of the loan of $3,817,018. We continue to pursue all legal remedies to obtain payment.
	On March 9, 2012, we made a term loan in the amount of $7,500,000 to Kanza Construction, Inc. The loan bore interest at 13% per year and was for a period of 60 months. The loan was secured by a first priority security interest in all of Kanza’s assets. As a result of Kanza’s unexpected financial hardship and failure to meet certain payment obligations, the loan was placed on a non-accrual status and we recorded a total credit loss reserve of approximately $2,959,000 for the shortfall of the loan balance not covered by cash proceeds from the sale of the collateral in 2013. As of June 30, 2014, we fully reserved the remaining balance of the loan of $2,958,795. We continue to pursue all legal remedies to obtain payment.
	On January 31, 2014, INOVA Rentals Corporation (f/k/a ARAM Rentals Corporation) and INOVA Seismic Rentals Inc. (f/k/a ARAM Seismic Rentals Inc.) (collectively, the “INOVA Borrowers”) satisfied their obligation in connection with three term loans scheduled to mature on August 1, 2014 by making a prepayment of approximately $1,368,000. No material gain or loss was recorded as a result of this transaction.
	On April 15, 2014, we sold all of our interest in two term loans with Ocean Navigation 5 Co. Ltd. and Ocean Navigation 6 Co. Ltd. (collectively, “Ocean Navigation”) scheduled to mature in July and September 2016 to Garanti Bank International, N.V. (“Garanti Bank”) for $14,400,000. As a result, we wrote off the remaining initial direct costs associated with the notes receivable of approximately $545,000 as a charge against finance income.
	On June 6, 2014, NTS Communications, Inc. and certain of its affiliates (collectively, “NTS”) satisfied their obligations in connection with two term loans scheduled to mature on July 1, 2017 by making a prepayment of approximately $3,421,000, comprised of all outstanding principal, accrued interest and a prepayment fee of approximately $130,000. The prepayment fee was recognized as additional finance income.
	On June 17, 2014, we and ICON Leasing Fund Twelve, LLC (“Fund Twelve”), an entity also managed by our Investment Manager, entered into a secured term loan credit facility agreement with SeaChange Projects LLC (“SeaChange”) to provide a credit facility of up to $7,000,000, of which our total commitment is $700,000. The facility will be used to partially finance SeaChange’s acquisition and conversion of a containership vessel. As of June 30, 2014, we have funded $450,000 of our total commitment. The facility bears interest at 13.25% per year and is for a period of 42 months. The facility is secured by, among other things, a first priority security interest in and earnings from the vessel and the equity interests of SeaChange.
	During the three months ended June 30, 2014, substantially all material conditions to closing were satisfied with respect to a commitment to provide a senior secured term loan credit facility to two affiliates of Técnicas Maritimas Avanzadas, S.A. de C.V. (collectively “TMA”) of up to $29,000,000, of which our portion is expected to be $3,625,000. On July 14, 2014, we, Fund Twelve, ICON ECI Fund Fifteen, L.P. (“Fund Fifteen”), an entity also managed by our Investment Manager, and TMA executed the credit facility agreement. The facility will be used by TMA to acquire and refinance two platform supply vessels. The loan will bear interest at the London Interbank Offered Rate (“LIBOR”) plus a margin of between 13% and 17% and will be for a period of five years. The loan will be secured by, among other things, a first priority security interest in and earnings from each of the vessels.

Net_Investment_in_Finance_Leas

Net Investment in Finance Leases	6 Months Ended
	Jun. 30, 2014
Net Investment in Finance Leases [Abstract]	'
Net Investment in Finance Leases	'
	(4) Net Investment in Finance Leases
	Net investment in finance leases consisted of the following:
			30-Jun-14		31-Dec-13
		Minimum rents receivable	$	169,946,920	$	173,278,436
		Estimated unguaranteed residual values		-		2,217,587
		Initial direct costs		1,566,831		1,877,918
		Unearned income		-40,820,300		-43,574,573
		Net investment in finance leases	$	130,693,451	$	133,799,368
	On February 28, 2014, Global Crossing Telecommunications, Inc. (“Global Crossing”) exercised its option to purchase certain telecommunications equipment at lease expiration for approximately $1,423,000. No gain or loss was recorded as a result of the transaction.
	On May 30, 2014, Global Crossing exercised its option to purchase certain telecommunications equipment prior to lease expiration at the purchase option price of approximately $794,000. In accordance with the terms of the lease, Global Crossing was required to pay the final monthly lease payment of approximately $144,000.

Leased_Equipment_at_Cost

Leased Equipment at Cost	6 Months Ended
	Jun. 30, 2014
Leased Equipment at Cost [Abstract]	'
Leased Equipment at Cost	'
	(5) Leased Equipment at Cost
	Leased equipment at cost consisted of the following:
				30-Jun-14		31-Dec-13
		Packaging equipment		$	6,535,061	$	6,535,061
		Motor coaches			9,795,148		9,795,148
		Marine - crude oil tankers			147,900,706		174,605,000
			Leased equipment at cost		164,230,915		190,935,209
		Less: accumulated depreciation			36,038,160		44,364,515
			Leased equipment at cost, less accumulated depreciation	$	128,192,755	$	146,570,694
	Depreciation expense was $2,613,997 and $3,842,487 for the three months ended June 30, 2014 and 2013, respectively. Depreciation expense was $6,456,485 and $7,684,975 for the six months ended June 30, 2014 and 2013, respectively.
	On April 14, 2014 and May 21, 2014, upon expiration of the leases with AET Inc. Limited (“AET”), a joint venture owned 75% by us and 25% by Fund Twelve sold two aframax tanker vessels, the Eagle Otome and the Eagle Subaru, to third-party purchasers for an aggregate price of approximately $14,822,000. As a result, the joint venture recognized an aggregate gain on sale of assets of approximately $2,200,000.

Investments_in_Joint_Ventures

Investments in Joint Ventures	6 Months Ended
	Jun. 30, 2014
Investments in Joint Ventures [Abstract]	'
Investments in Joint Ventures	'
	(6) Investment in Joint Ventures
	On March 4, 2014, a joint venture owned 15% by us, 60% by Fund Twelve, 15% by Fund Fifteen and 10% by ICON ECI Fund Sixteen (“Fund Sixteen”), an entity also managed by our Investment Manager, purchased mining equipment from an affiliate of Blackhawk Mining, LLC (“Blackhawk”). Simultaneously, the mining equipment was leased to Blackhawk and its affiliates for four years. The aggregate purchase price for the mining equipment of approximately $25,359,000 was funded by approximately $17,859,000 in cash and $7,500,000 of non-recourse long-term debt. Our contribution to the joint venture was $2,693,395.
	On March 21, 2014, a joint venture (“ICON Siva”) owned 12.5% by us, 12.5% by Fund Fifteen and 75% by Fund Twelve, through two indirect subsidiaries, entered into memoranda of agreement to purchase two LPG tanker vessels, the SIVA Coral and the SIVA Pearl (collectively, the “SIVA Vessels”), from Siva Global Ships Limited (“Siva Global”) for an aggregate purchase price of $41,600,000. The SIVA Coral and the SIVA Pearl were delivered on March 28, 2014 and April 8, 2014, respectively. The SIVA Vessels were bareboat chartered to an affiliate of Siva Global for a period of eight years upon the delivery of each respective vessel. The SIVA Vessels were each acquired for approximately $3,550,000 in cash, $12,400,000 of financing through a senior secured loan (the “Loan”) from DVB Group Merchant Bank (Asia) Ltd. (“DVB”) and $4,750,000 of financing through a subordinated, non-interest-bearing seller’s credit. Our contribution to ICON Siva was $1,022,225.
	On June 12, 2014, a joint venture owned 12.5% by us, 75% by Fund Twelve and 12.5% by Fund Fifteen purchased an offshore supply vessel from Pacific Crest Pte. Ltd. (“Pacific Crest”) for $40,000,000. Simultaneously, the vessel was bareboat chartered to Pacific Crest for ten years. The vessel was acquired for approximately $12,000,000 in cash, $26,000,000 of financing through a senior secured loan from DVB and $2,000,000 of financing through a subordinated, non-interest-bearing seller’s credit. Our contribution to the joint venture was $1,617,158.

NonRecourse_LongTerm_Debt

Non-Recourse Long-Term Debt	6 Months Ended
	Jun. 30, 2014
Non-Recourse Long-Term Debt [Abstract]	'
Non-Recourse Long-Term Debt	'
	(7) Non-Recourse Long-Term Debt
	As of June 30, 2014 and December 31, 2013, we had non-recourse long-term debt obligations of $158,095,144 and $185,275,365, respectively. As of June 30, 2014, our non-recourse long-term debt obligations had maturity dates ranging from June 21, 2016 to March 29, 2021, and interest rates ranging from 4.983% to 12% per year, some of which are fixed after giving effect to our interest rate swap agreements.
	We, through 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 on bareboat charter to AET (collectively, the “AET Vessels”). The joint venture also borrowed $22,000,000 of subordinated non-recourse long-term debt from an unaffiliated third party (the “Sub Debt”).
	On April 20, 2012, the joint venture with the AET Vessels was notified of an event of default on the Senior Debt. Due to a change in the fair value of the AET Vessels, a provision in the Senior Debt loan agreement restricted our ability to utilize cash generated by the charters of the AET Vessels as of January 12, 2012 for purposes other than paying the Senior Debt. Charter payments in excess of the Senior Debt loan service 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 Sub Debt. As a result of our failure to make required Sub Debt loan payments from June 2012 through June 2014, the Sub Debt lender has certain rights, including step-in rights, which allows it to collect cash generated from the charters until such time as the Sub Debt lender has received all unpaid amounts. The Sub Debt lender has reserved, but not exercised, its rights under the loan agreement.
	On March 31, 2014, we satisfied the Senior Debt obligations in connection with the two aframax tankers by making a final payment of approximately $5,680,000. This satisfaction cured any default related to these vessels associated with the Senior Debt. On April 14, 2014 and May 21, 2014, the two aframax tankers, 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. At June 30, 2014, $2,657,860 was included in restricted cash.
	We restructured the non-recourse long-term debt associated with a crude oil tanker, the Center, and the non-recourse long-term debt associated with two supramax bulk carrier vessels, the Amazing and the Fantastic, on March 19, 2014 and March 31, 2014, respectively, to amend the repayment stream and financial covenants. The interest rates and maturity dates remain the same for the loans. As of June 30, 2014, we were in compliance with all covenants related to the non-recourse long-term debt.

Revolving_Line_of_Credit_Recou

Revolving Line of Credit, Recourse	6 Months Ended
	Jun. 30, 2014
Revolving Line of Credit, Recourse [Abstract]	'
Revolving Line of Credit, Recourse	'
	(8) Revolving Line of Credit, Recourse
	We entered into an agreement with California Bank & Trust (“CB&T”) for a revolving line of credit through March 31, 2015 of up to $15,000,000 (the “Facility”), which is secured by all of our assets not subject to a first priority lien. Amounts available under the Facility are subject to a borrowing base that is determined, subject to certain limitations, by the present value of the future receivables under certain loans and lease agreements in which we have a beneficial interest. At June 30, 2014, we had $5,112,310 available under the Facility pursuant to the borrowing base.
	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 are obligated to pay an annualized 0.5% fee on unused commitments under the Facility. At June 30, 2014, there were no obligations outstanding under the Facility and we were in compliance with all covenants related to the Facility.

Transactions_with_Related_Part

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2014
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 $104,552 for the three and six months ended June 30, 2014, respectively. We paid distributions to our General Partner of $52,288 and $104,576 for the three and six months ended June 30, 2013, respectively. Additionally, our General Partner’s interest in the net income attributable to us was $29,820 and $46,872 for the three and six months ended June 30, 2014, respectively. Our General Partner’s interest in the net income attributable to us was $58,172 and $111,362 for the three and six months ended June 30, 2013, respectively.
	Fees and other expenses incurred by us to our General Partner or its affiliates were as follows:
					Three Months Ended June 30,				Six Months Ended June 30,
		Entity	Capacity	Description	2014		2013		2014		2013
		ICON Capital, LLC	Investment
			Manager	Acquisition fees (1)	$	333,125	$	297,000	$	558,223	$	1,232,207
		ICON Capital, LLC	Investment
			Manager	Management fees (2)		981,129		462,140		1,423,677		963,045
		ICON Capital, LLC	Investment	Administrative
			Manager	expense
				reimbursements(2)		399,353		493,359		812,310		1,111,527
					$	1,713,607	$	1,252,499	$	2,794,210	$	3,306,779
		(1) Amount capitalized and amortized to operations.
		(2) Amount charged directly to operations.
	At June 30, 2014, we had a net payable of $343,968 due to our General Partner and its affiliates that primarily consisted of payables due to Fund Twelve related to its noncontrolling interest in the AET Vessels and administrative expense reimbursements due to our Investment Manager. At December 31, 2013, we had a net payable of $522,643 due to our General Partner and its affiliates that primarily consisted of administrative expense reimbursements.
	At June 30, 2014 and December 31, 2013, we had a note receivable from a joint venture of $2,602,595 and $2,575,278, respectively, and accrued interest of $29,135 and $29,938, respectively. The accrued interest is included in other assets on the consolidated balance sheets.  For the three and six months ended June 30, 2014, interest income relating to the note receivable from the joint venture of $101,565 and $201,506, respectively, was recognized and included in finance income on the consolidated statements of operations. For the three and six months ended June 30, 2013, interest income relating to the note receivable from the joint venture of $98,461 and $193,740, respectively, was recognized and included in finance income on the consolidated statements of operations.

Derivative_Financial_Instrumen

Derivative Financial Instruments

6 Months Ended

Jun. 30, 2014

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 may 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 balance 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 effective at offsetting changes in the fair value or expected cash flows of the underlying exposure at both the inception of the hedging relationship and on an ongoing basis and include an evaluation of the counterparty risk and the impact, if any, on the effectiveness of the derivative. If these criteria are met, which 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 on the 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 entity 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 basis on the 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 payments 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 individual 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.

As of June 30, 2014 and December 31, 2013, we had only warrants in an asset position that were not material to the consolidated financial statements; therefore, 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 June 30, 2014 and December 31, 2013, the termination value would be $6,524,154 and $6,466,750, respectively.

Non-designated Derivatives

As of June 30, 2014 and December 31, 2013, we had three and five interest rate swaps, respectively, with DVB Bank SE that are not designated and not qualifying as cash flow hedges with an aggregate notional amount of $115,280,000 and $127,175,000, respectively. Additionally, we hold warrants that are held for purposes other than hedging. All changes in the fair value of the interest rate swaps not designated as hedges and the warrants are recorded directly in earnings, which is included in loss (gain) on derivative financial instruments.

The table below presents the fair value of our derivative financial instruments as well as their classification within our consolidated balance sheets as of June 30, 2014 and December 31, 2013:

Asset Derivatives

Liability Derivatives

Balance Sheet

30-Jun-14

31-Dec-13

Balance Sheet

30-Jun-14

31-Dec-13

Location

Fair Value

Fair Value

Location

Fair Value

Fair Value

Derivatives not designated

as hedging instruments:

Interest rate swaps

$

-

$

-

Derivative financial instruments

$

6,196,117

$

6,281,705

Warrants

Other assets

$

57,334

$

60,525

$

-

$

-

Our derivative financial instruments not designated as hedging instruments generated a loss (gain) on derivative financial instruments on the consolidated statements of operations for the three months ended June 30, 2014 and 2013 of $906,994 and $(1,914,721), respectively. The loss recorded for the three months ended June 30, 2014 was comprised of losses of $900,750 relating to interest rate swap contracts and $6,244 relating to warrants. The gain recorded for the three months ended June 30, 2013 was comprised of a gain of $1,921,521 relating to interest rate swap contracts and a loss of $6,800 relating to warrants. Our derivative financial instruments not designated as hedging instruments generated a loss (gain) on derivative financial instruments on the consolidated statements of operations for the six months ended June 30, 2014 and 2013 of $1,568,344 and $(1,991,747), respectively. The loss recorded for the six months ended June 30, 2014 was comprised of losses of $1,565,153 relating to interest rate swap contracts and $3,191 relating to warrants. The gain recorded for the six months ended June 30, 2013 was comprised of gains of $1,976,102 relating to interest rate swap contracts and $15,645 relating to warrants. These amounts were recorded as a component of loss (gain) on derivative financial instruments on the consolidated statements of operations.

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
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 Assets and Liabilities Measured on a Recurring Basis
	Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 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 assets and liabilities being measured and their placement within the fair value hierarchy.
	The following table summarizes the valuation of our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2014:
				Level 1			Level 2			Level 3			Total
		Assets:
			Warrants	$	-		$	-		$	57,334		$	57,334
		Liabilities:
			Interest rate swaps	$	-		$	6,196,117		$	-		$	6,196,117
	The following table summarizes the valuation of our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:
				Level 1			Level 2			Level 3			Total
		Assets:
			Warrants	$	-		$	-		$	60,525		$	60,525
		Liabilities:
			Interest rate swaps	$	-		$	6,281,705		$	-		$	6,281,705
	Our derivative financial instruments, including interest rate swaps and warrants, are valued using models based on readily observable or unobservable market parameters for all substantial terms of our derivative financial instruments and are classified within Level 2 or Level 3. 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 the 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 classified within Level 2. Thereafter, 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 the consolidated balance sheets.
	Warrants
	As of June 30, 2014 and December 31, 2013, our warrants were valued using the Black-Scholes-Merton option pricing model based on observable and unobservable inputs that are significant to the fair value measurement and are classified within Level 3. Unobservable inputs used in the Black-Scholes-Merton option pricing model include, but are not limited to, the expected stock price volatility and the expected period until the warrants are exercised. Increases or decreases of these inputs would result in a higher or lower fair value measurement.
	The fair value of the warrants was recorded in other assets within the consolidated balance sheets. The unrealized gain or loss on the change in fair value of the warrants was recorded in loss (gain) on derivative financial instruments on the consolidated statements of operations.
	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
	We are required, on a nonrecurring basis, to adjust the carrying value or provide valuation allowances for certain assets using fair value measurements. The valuation of our financial assets, such as notes receivable or direct financing leases, is included below only when fair value has been measured and recorded based on the fair value of the underlying collateral. The following table summarizes the valuation of our material financial assets measured at fair value on a nonrecurring basis, of which the fair value information presented is not current but rather as of the date the impairment was recorded, and the carrying value of the asset as of June 30, 2014:
															Credit loss for the
			Carrying Value at				Fair Value at Impairment Date								Six Months Ended
			30-Jun-14			Level 1			Level 2			Level 3			30-Jun-14
		Net investment in note receivable	$	-		$	-		$	-		$	3,502,050		$	873,215
	Our collateral dependent note receivable was valued using the agreed upon sales price. The sales price was a quoted price in an inactive market, which was supported by little or no market data as of the reporting date and therefore classified as Level 3.
	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 other liabilities, for which fair value is required to be disclosed, were valued using inputs that are generally unobservable and are 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 value disclosures of lease arrangements and (ii) the carrying value of financial assets, other than lease-related investments, and the recorded value of recourse debt approximate fair value due to their short-term maturities and variable interest rates.
	The estimated fair value of our fixed-rate notes receivable, fixed-rate non-recourse long-term debt and other liabilities was based on the discounted value of future cash flows related to the loans based on recent transactions of this type. Principal outstanding on fixed-rate notes receivable was discounted at rates ranging between 10% and 15.5% per year. Principal outstanding on fixed-rate non-recourse long-term debt and other liabilities was discounted at rates ranging between 5.04% and 12% per year.
			30-Jun-14
						Fair Value
			Carrying Value			(Level 3)
		Principal outstanding on fixed-rate notes receivable	$	64,989,581		$	65,639,334
		Principal outstanding on fixed-rate non-recourse long-term debt	$	42,207,186		$	44,702,959
		Other liabilities	$	8,100,389		$	8,166,945

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	(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 specific 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 financial condition or results of operations taken as a whole.
	On September 27, 2010, we, through our wholly-owned subsidiary, ICON SE, LLC (“ICON SE”), participated in a $46,000,000 facility by agreeing to make a secured term loan to SE Shipping Lines Pte. Ltd. (“SE”) for the purchase of a new-build heavy lift vessel and accompanying equipment. Although all of the material conditions to closing were satisfied, SE breached its obligations under the loan by refusing to draw down on the facility. Subsequently, ICON SE commenced an action against SE in the United Kingdom for SE’s failure to pay ICON SE the commitment fee due in accordance with the loan agreement.
	At June 30, 2014, we had non-recourse and other debt obligations. The lender has a security interest in the majority of the assets collateralizing each non-recourse debt instrument and an assignment of the rental payments under the lease associated with the assets. If the lessee defaults on the lease, the assets could be returned to the lender in extinguishment of the non-recourse debt. At June 30, 2014 and December 31, 2013, our outstanding non-recourse long-term indebtedness was $158,095,144 and $185,275,365, respectively.
	In connection with certain investments, we are required to maintain restricted cash balances with certain banks. At June 30, 2014 and December 31, 2013, we had restricted cash of $4,557,860 and $10,860,964, respectively.

Subsequent_Event

Subsequent Event	6 Months Ended
	Jun. 30, 2014
Subsequent Event [Abstract]	'
Subsequent Event	'
	(13) Subsequent Events
	On July 2, 2014, SAExploration, Inc., SAExploration Seismic Services (US), LLC and NES, LLC (collectively, “SAE”) satisfied its obligation related to a secured term loan scheduled to mature on November 28, 2016 by making a prepayment of approximately $4,592,000, comprised of all outstanding principal, accrued interest and a prepayment fee.
	On July 7, 2014, Cenveo Corporation (“Cenveo”) made a partial prepayment of approximately $910,000, which includes a prepayment fee, related to a secured term loan. Simultaneously, we partially paid down our non-recourse long-term debt with NXT Capital, LLC (“NXT”) secured by our interest in the secured term loan to and collateral from Cenveo by making a payment of approximately $575,000.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2014
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 weighs all credit decisions based on a combination of external credit ratings as well as internal credit evaluations of all borrowers. A borrower’s credit is analyzed using those credit ratings as well as the borrower’s financial statements and other financial data deemed relevant.
	As 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. Financing receivables are analyzed quarterly and categorized as either performing or non-performing based on payment history. If a financing receivable becomes non-performing due to a borrower’s missed scheduled payments or failed financial covenants, our Investment Manager analyzes whether a credit loss reserve should be established or whether the financing receivable should be restructured. Material events would be specifically disclosed in the discussion of each financing receivable held.
	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 creditworthiness 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 receivables 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 receivables 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 able 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, or 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 the balance of the financing receivable.
Basis of Presentation and Consolidation	'
	Our accompanying consolidated 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 for Quarterly Reports on Form 10-Q. In the opinion of our General Partner, all adjustments, which are of a normal recurring nature, considered necessary for a fair presentation have been included.  These consolidated financial statements should be read together with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2013. The results for the interim period are not necessarily indicative of the results for the full year.
Accounting Standards Update 2011 04 [Member]	'
New Accounting Pronouncements [Line Items]	'
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. The adoption of ASU 2014-09 becomes effective for us on January 1, 2017, including interim periods within that reporting period. Early adoption is not permitted.  We are currently in the process of evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.

Net_Investment_in_Notes_Receiv1

Net Investment in Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2014
Net Investment in Notes Receivable [Abstract]	'
Net Investments in Notes Receivable	'
			30-Jun-14		31-Dec-13
		Principal outstanding	$	69,162,799	$	91,113,235
		Initial direct costs		4,228,691		5,713,226
		Deferred fees		-1,157,498		-1,493,000
		Credit loss reserve		-6,775,813		-5,902,599
		Net investment in notes receivable	$	65,458,179	$	89,430,862

Net_Investment_in_Finance_Leas1

Net Investment in Finance Leases (Tables)	6 Months Ended
	Jun. 30, 2014
Net Investment in Finance Leases [Abstract]	'
Net investment in finance leases	'
			30-Jun-14		31-Dec-13
		Minimum rents receivable	$	169,946,920	$	173,278,436
		Estimated unguaranteed residual values		-		2,217,587
		Initial direct costs		1,566,831		1,877,918
		Unearned income		-40,820,300		-43,574,573
		Net investment in finance leases	$	130,693,451	$	133,799,368

Leased_Equipment_at_Cost_Table

Leased Equipment at Cost (Tables)	6 Months Ended
	Jun. 30, 2014
Leased Equipment at Cost [Abstract]	'
Leased equipment at cost	'
				30-Jun-14		31-Dec-13
		Packaging equipment		$	6,535,061	$	6,535,061
		Motor coaches			9,795,148		9,795,148
		Marine - crude oil tankers			147,900,706		174,605,000
			Leased equipment at cost		164,230,915		190,935,209
		Less: accumulated depreciation			36,038,160		44,364,515
			Leased equipment at cost, less accumulated depreciation	$	128,192,755	$	146,570,694

Transactions_with_Related_Part1

Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2014
Transactions with Related Parties [Abstract]	'
Fees and expenses paid or accrued	'
					Three Months Ended June 30,				Six Months Ended June 30,
		Entity	Capacity	Description	2014		2013		2014		2013
		ICON Capital, LLC	Investment
			Manager	Acquisition fees (1)	$	333,125	$	297,000	$	558,223	$	1,232,207
		ICON Capital, LLC	Investment
			Manager	Management fees (2)		981,129		462,140		1,423,677		963,045
		ICON Capital, LLC	Investment	Administrative
			Manager	expense
				reimbursements(2)		399,353		493,359		812,310		1,111,527
					$	1,713,607	$	1,252,499	$	2,794,210	$	3,306,779
		(1) Amount capitalized and amortized to operations.
		(2) Amount charged directly to operations.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Financial Instruments [Abstract]

'

Derivative financial instruments in consolidated balance sheets

'

Asset Derivatives

Liability Derivatives

Balance Sheet

30-Jun-14

31-Dec-13

Balance Sheet

30-Jun-14

31-Dec-13

Location

Fair Value

Fair Value

Location

Fair Value

Fair Value

Derivatives not designated

as hedging instruments:

Interest rate swaps

$

-

$

-

Derivative financial instruments

$

6,196,117

$

6,281,705

Warrants

Other assets

$

57,334

$

60,525

$

-

$

-

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Measurements [Abstract]	'
Financial assets and liabilities measured at fair value on a recurring basis	'
	The following table summarizes the valuation of our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2014:
				Level 1			Level 2			Level 3			Total
		Assets:
			Warrants	$	-		$	-		$	57,334		$	57,334
		Liabilities:
			Interest rate swaps	$	-		$	6,196,117		$	-		$	6,196,117
	The following table summarizes the valuation of our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:
				Level 1			Level 2			Level 3			Total
		Assets:
			Warrants	$	-		$	-		$	60,525		$	60,525
		Liabilities:
			Interest rate swaps	$	-		$	6,281,705		$	-		$	6,281,705
Valuation of financial assets at fair value	'
															Credit loss for the
			Carrying Value at				Fair Value at Impairment Date								Six Months Ended
			30-Jun-14			Level 1			Level 2			Level 3			30-Jun-14
		Net investment in note receivable	$	-		$	-		$	-		$	3,502,050		$	873,215
Carrying Values and Estimated Fair Values of Debt Instruments	'
			30-Jun-14
						Fair Value
			Carrying Value			(Level 3)
		Principal outstanding on fixed-rate notes receivable	$	64,989,581		$	65,639,334
		Principal outstanding on fixed-rate non-recourse long-term debt	$	42,207,186		$	44,702,959
		Other liabilities	$	8,100,389		$	8,166,945

Net_Investment_in_Notes_Receiv2

Net Investment in Notes Receivable (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Schedule of Notes Receivable [Abstract]	'	'
Principal outstanding	$69,162,799	$91,113,235
Initial direct costs	4,228,691	5,713,226
Deferred fees	-1,157,498	-1,493,000
Credit loss reserve	-6,775,813	-5,902,599
Notes and loans receivable, net	$65,458,179	$89,430,862

Net_Investment_in_Notes_Receiv3

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

3 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jul. 26, 2011

Jun. 30, 2014

Dec. 31, 2013

Jan. 31, 2014

Mar. 09, 2012

Jun. 30, 2014

Dec. 31, 2013

Apr. 15, 2014

Apr. 15, 2014

Jun. 06, 2014

Jun. 24, 2014

Jun. 17, 2014

Jun. 30, 2014

Jun. 30, 2014

Western Drilling

Western Drilling

Western Drilling

INOVA Borrowers

Kanza Construction, Inc.

Kanza Construction, Inc.

Kanza Construction, Inc.

Ocean Navigation

Ocean Navigation

NTS

SeaChnage credit facility

SeaChnage credit facility

TMA credit facility

TMA credit facility

NumberOfLoans

NumberOfLoans

Notes Receivable Initial Direct Costs [Member]

NumberOfLoans

Notes Receivable Initial Direct Costs [Member]

Accounts Notes And Loans Receivable [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net investment in notes receivable

$65,458,179

'

$65,458,179

'

$89,430,862

$9,465,000

'

'

'

$7,500,000

'

'

'

'

'

'

$7,000,000

'

$29,000,000

Interest rate (in hundredths)

'

'

'

'

'

14.00%

'

'

'

13.00%

'

'

'

'

'

'

13.25%

13.00%

17.00%

Term loan maturity date

'

'

'

'

'

1-Sep-16

'

'

'

'

'

'

'

'

'

'

'

'

'

Note receivable term

'

'

'

'

'

'

'

'

'

'60 months

'

'

'

'

'

'

'42 months

'

'5 years

Credit loss reserve

6,775,813

'

6,775,813

'

5,902,599

'

873,215

3,412,087

'

'

'

2,959,000

'

'

'

'

'

'

'

Proceeds from collection of loan

'

'

'

'

'

'

3,811,960

'

'

'

'

'

'

'

'

'

'

'

'

Remaining balance of loan

'

'

'

'

'

'

3,817,019

'

'

'

2,958,795

'

'

'

'

'

'

'

'

Principal repayment on term loan

'

'

24,331,246

2,584,433

'

'

'

'

1,368,000

'

'

'

'

'

3,421,000

'

'

'

'

Loss on prepayment of loan

78,216

18,795

873,215

18,795

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

Number of term loans

'

'

'

'

'

'

'

'

3

'

'

'

2

'

2

'

'

'

'

Prepayment Fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

130,000

'

'

'

'

Proceeds from sale of term loan

'

'

'

'

'

'

'

'

'

'

'

'

14,400,000

'

'

'

'

'

'

Finance income

2,988,260

5,367,229

6,857,778

11,832,761

'

'

'

'

'

'

'

'

'

-545,000

'

'

'

'

'

Secured term loan credit facility, commitment fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$450,000

$700,000

'

$3,625,000

Net_Investment_in_Finance_Leas2

Net Investment in Finance Leases (Details) (USD $)	6 Months Ended			0 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	30-May-14	Feb. 28, 2014
				Global Crossing Telecommunication Equipment [Member]	Global Crossing Telecommunication Equipment [Member]
Net Investment in Finance Leases [Abstract]	'	'	'	'	'
Minimum rents receivable	$169,946,920	'	$173,278,436	'	'
Estimated residual value	0	'	2,217,587	'	'
Initial direct costs	1,566,831	'	1,877,918	'	'
Unearned income	-40,820,300	'	-43,574,573	'	'
Net investment in finance leases	130,693,451	'	133,799,368	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Proceeds from sale of equipment	16,368,941	641,942	'	794,000	1,423,000
Gain (loss) on sale of equipment	'	'	'	'	0
Final monthly lease payment	'	'	'	$144,000	'

Leased_Equipment_at_Cost_Detai

Leased Equipment at Cost (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Leased equipment at cost	$164,230,915	'	$164,230,915	'	$190,935,209
Less: accumulated depreciation	36,038,160	'	36,038,160	'	44,364,515
Leased equipment, net	128,192,755	'	128,192,755	'	146,570,694
Depreciation	2,613,997	3,842,487	6,456,485	7,684,975	'
Proceeds from sale of equipment	'	'	16,368,941	641,942	'
Net gain on sale of assets	2,229,898	0	2,229,898	0	'
ICON Fund Fourteen LP [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Ownership Percentage	75.00%	'	75.00%	'	'
ICON Leasing Fund Twelve, LLC [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Ownership Percentage	25.00%	'	25.00%	'	'
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	9,795,148	'	9,795,148	'	9,795,148
Marine - Crude Oil Tankers [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Leased equipment at cost	147,900,706	'	147,900,706	'	174,605,000
Marine - Crude Oil Tankers [Member] | AET	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Number Of Chemical Tanker Vessels	'	'	2	'	'
Proceeds from sale of equipment	'	'	14,822,000	'	'
Net gain on sale of assets	'	'	$2,200,000	'	'

Investments_in_Joint_Ventures_

Investments in Joint Ventures (Details) (USD $)

6 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Mar. 04, 2014

Jun. 30, 2014

Dec. 31, 2013

Mar. 21, 2014

Jun. 12, 2014

Jun. 30, 2014

Mar. 04, 2014

Mar. 21, 2014

Jun. 12, 2014

Jun. 30, 2014

Mar. 04, 2014

Mar. 21, 2014

Jun. 12, 2014

Mar. 04, 2014

Mar. 21, 2014

Jun. 12, 2014

Mar. 04, 2014

Mining Equipment [Member]

Marine Vessels [Member]

Marine Vessels [Member]

Marine Vessels [Member]

Marine Vessels [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Fund Fourteen LP [Member]

ICON Fund Fourteen LP [Member]

ICON Fund Fourteen LP [Member]

ICON Fund Fourteen LP [Member]

ICON ECI Fund Fifteen LP [Member]

ICON ECI Fund Fifteen LP [Member]

ICON ECI Fund Fifteen LP [Member]

ICON ECI Fund Sixteen [Member]

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

Pacific Crest [Member]

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

Pacific Crest [Member]

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

Pacific Crest [Member]

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

Pacific Crest [Member]

Blackhawk Mining, LLC [Member]

Vessels

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership Percentage

'

'

'

'

'

'

'

'

25.00%

60.00%

75.00%

75.00%

75.00%

15.00%

12.50%

12.50%

15.00%

12.50%

12.50%

10.00%

Lease Term Period

'

'

'

'4 years

'

'

'8 years

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

Equipment, aggregate purchase price

$164,230,915

'

$190,935,209

$25,359,000

$147,900,706

$174,605,000

$41,600,000

$40,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Cash to purchase equipment

'

'

'

17,859,000

'

'

3,550,000

12,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Non-Recourse Debt

'

'

'

7,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment in joint ventures

5,353,420

7,913,572

'

'

'

'

'

'

'

'

'

'

'

2,693,395

1,022,225

1,617,158

'

'

'

'

Senior secured loan

'

'

'

'

'

'

12,400,000

26,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated seller credit for vessel finance

'

'

'

'

'

'

$4,750,000

$2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Number Of Chemical Tanker Vessels

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

NonRecourse_LongTerm_Debt_Deta

Non-Recourse Long-Term Debt (Details) (USD $)	6 Months Ended					3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
				AET Vessels Loan [Member]	Subordinated Non-Recourse Long Term Debt [Member]	Senior Debt [Member]
Debt Instrument [Line Items]	'	'	'	'	'	'
Non-recourse long term debt	$158,095,144	'	$185,275,365	$128,000,000	$22,000,000	'
Interest rate of non-recourse long term debt (in hundredths), minimum	4.98%	'	'	'	'	'
Interest rate of non-recourse long term debt (in hundredths), maximum	12.00%	'	'	'	'	'
Maturity date of non-recourse long term debt, start	21-Jun-16	'	'	'	'	'
Maturity date of non-recourse long term debt, end	29-Mar-21	'	'	'	'	'
Restricted Cash	4,557,860	'	10,860,964	2,657,860	'	'
Repayments of Long-term Debt	$27,180,221	$10,534,584	'	'	'	$5,680,000

Revolving_Line_of_Credit_Recou1

Revolving Line of Credit, Recourse (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
	F14numberofadvances
Line of Credit Facility [Line Items]	'
Maximum borrowing capacity	$15,000,000
Available borrowing capacity	$5,112,310
Number of separate non-prime rate advances	5
Basis spread (in hundredths)	2.50%
Minimum interest rate (in hundredths)	4.00%
Commitment fee (in hundredths)	0.50%

Transactions_with_Related_Part2

Transactions with Related Parties (Details) (USD $)	3 Months Ended				6 Months Ended
	Jun. 30, 2014		Jun. 30, 2013		Jun. 30, 2014		Jun. 30, 2013		Dec. 31, 2013
Related Party Transaction [Line Items]	'		'		'		'		'
Management fees	$981,129		$462,140		$1,423,677		$963,045		'
Administrative expense reimbursements	399,353		493,359		812,310		1,111,527		'
Distributions to General Partner	52,275		52,288		104,552		104,576		'
General Partner's interest in net income	29,820		58,172		46,872		111,362		'
Due to General Partner and affiliates	343,968		'		343,968		'		522,643
Note receivable from joint venture	2,602,595		'		2,602,595		'		2,575,278
Accrued interest on note receivable from joint venture	29,135		'		29,135		'		29,938
Interest income from note receivable from joint venture	101,565		98,461		201,506		193,740		'
ICON Capital, LLC [Member] | Investment Manager [Member]	'		'		'		'		'
Related Party Transaction [Line Items]	'		'		'		'		'
Acquisition fees	333,125	[1]	297,000	[1]	558,223	[1]	1,232,207	[1]	'
Management fees	981,129	[2]	462,140	[2]	1,423,677	[2]	963,045	[2]	'
Administrative expense reimbursements	399,353	[2]	493,359	[2]	812,310	[2]	1,111,527	[2]	'
Total	$1,713,607		$1,252,499		$2,794,210		$3,306,779		'
[1]	Amount capitalized and amortized to operations.
[2]	Amount charged directly to operations.

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
	numberofinterestrateswaps		numberofinterestrateswaps		numberofinterestrateswaps
Derivative [Line Items]	'	'	'	'	'
Termination value of derivatives in a liability position	$6,524,154	'	$6,524,154	'	$6,466,750
Number of interest rate swaps	3	'	3	'	5
Notional amount	115,280,000	'	115,280,000	'	127,175,000
Derivative instruments	6,196,117	'	6,196,117	'	6,281,705
Loss (gain) on derivative financial instruments	906,994	-1,914,721	1,568,344	-1,991,747	'
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Loss (gain) on derivative financial instruments	900,750	-1,921,521	1,565,153	-1,976,102	'
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Derivative Instruments [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Derivative instruments	6,196,117	'	6,196,117	'	6,281,705
Warrant [Member] | Not Designated as Hedging Instrument [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Loss (gain) on derivative financial instruments	6,244	6,800	3,191	-15,645	'
Warrant [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member]	'	'	'	'	'
Derivative [Line Items]	'	'	'	'	'
Warrants	$57,334	'	$57,334	'	$60,525

Fair_Value_Measurements_recurr

Fair Value Measurements (recurring) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014
	Minimum [Member]	Maximum [Member]	Fair Value, Measurements, Recurring [Member]	Fair Value, Measurements, Recurring [Member]	Fair Value, Measurements, Recurring [Member]	Fair Value, Measurements, Recurring [Member]	Fair Value, Measurements, Recurring [Member]	Fair Value, Measurements, Recurring [Member]	Fair Value, Measurements, Nonrecurring [Member]	Fair Value, Measurements, Nonrecurring [Member]
					Fair Value, Inputs, Level 2 [Member]	Fair Value, Inputs, Level 2 [Member]	Fair Value, Inputs, Level 3 [Member]	Fair Value, Inputs, Level 3 [Member]		Fair Value, Inputs, Level 3 [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis	'	'	'	'	'	'	'	'	'	'
Warrants	'	'	$57,334	$60,525	'	'	$57,334	$60,525	'	'
Interest rate swaps	'	'	6,196,117	6,281,705	6,196,117	6,281,705	'	'	'	'
Net investment in note receivable	'	'	'	'	'	'	'	'	'	3,502,050
Credit Loss	'	'	'	'	'	'	'	'	$873,215	'
Discount rate on fixed notes receivable (in hundredths)	10.00%	15.50%	'	'	'	'	'	'	'	'
Non recourse long term debt interest rate in hundredths	5.04%	12.00%	'	'	'	'	'	'	'	'

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Maximum	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'
Discount rate on fixed notes receivable (in hundredths)	15.50%
Minimum	'
Fair Value Inputs, Assets, Quantitative Information [Line Items]	'
Discount rate on fixed notes receivable (in hundredths)	10.00%
Carrying Value	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'
Principal outstanding on fixed-rate notes receivable	64,989,581
Principal outstanding on fixed-rate non-recourse long-term debt	42,207,186
Other liabilities	8,100,389
Fair Value	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'
Principal outstanding on fixed-rate notes receivable	65,639,334
Principal outstanding on fixed-rate non-recourse long-term debt	44,702,959
Other liabilities	8,166,945

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	0 Months Ended
	Sep. 27, 2010	Jun. 30, 2014	Dec. 31, 2013
Commitments and Contingencies [Abstract]	'	'	'
Loan to SE	$46,000,000	'	'
Non-recourse long term debt	'	158,095,144	185,275,365
Restricted Cash	'	$4,557,860	$10,860,964

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	6 Months Ended			0 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jul. 07, 2014	Jul. 07, 2014	Jul. 02, 2014
			TMA credit facility	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
					Cenveo	SAE
Subsequent Event [Line Items]	'	'	'	'	'	'
Interest rate (in hundredths)	'	'	13.00%	'	'	'
Principal repayment on term loan	$24,331,246	$2,584,433	'	'	$910,000	$4,592,000
Repayment of non-recourse long-term debt	$27,180,221	$10,534,584	'	$575,000	'	'