ICON Equipment & Corporate Infrastructure Fund Fourteen 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
	Mar. 31, 2015	8-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.
Document Type	10-Q
Entity Central Index Key	1446806
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Period End Date	31-Mar-15
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 $)	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$18,814,446	$12,553,252
Restricted Cash	2,900,000	7,317,126
Net investment in finance leases	115,991,703	118,005,785
Leased equipment at cost (less accumulated depreciation of $43,675,309 and $41,069,511, respectively)	120,145,141	122,750,939
Notes Receivable Net	50,967,788	62,731,975
Notes Receivable Related Parties	2,613,953	2,609,209
Investments in joint ventures	18,438,440	18,739,125
Other assets	3,877,617	3,096,488
Total Assets	333,749,088	347,803,899
Liabilities:
Non-recourse long term debt	144,802,604	152,903,523
Derivative financial instruments	5,593,761	5,379,474
Deferred revenue	1,864,899	2,365,892
Due to General Partner and affiliates	178,128	826,285
Accrued expenses and other liabilities	11,193,232	11,114,968
Total Liabilities	163,632,624	172,590,142
Commitments and contingencies (Note 12)
Partners' Equity:
Limited partners	153,859,324	159,293,140
General Partner	-768,685	-713,798
Total partners' equity	153,090,639	158,579,342
Noncontrolling interests	17,025,825	16,634,415
Total equity	170,116,464	175,213,757
Total liabilities and equity	$333,749,088	$347,803,899

Consolidated_Balance_Sheets_un1

Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Assets
Leased equipment at cost, accumulated depreciation	$43,675,309	$41,069,511

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenue:
Finance income	$3,515,987	$3,869,518
Rental income	5,383,562	7,205,672
LLC's share of net income (loss)	508,443	393,601
Other income	2,847	14,423
Total revenue	9,410,839	11,483,214
Expenses:
Management fees	715,944	442,548
Administrative expense reimbursements	325,558	412,957
General and administrative	791,814	694,913
Additional Credit Loss Reserve	2,060,641	794,999
Depreciation	2,605,798	3,842,488
Interest	1,829,084	2,539,363
Loss (gain) on derivative financial instruments	951,788	661,350
Total expenses	9,280,627	9,388,618
Net income	130,212	2,094,596
Less: net income attributable to noncontrolling interests	391,410	389,372
Net income attributable to Fund Fourteen	-261,198	1,705,224
Net income attributable to Fund Fourteen allocable to:
Limited partners	-258,586	1,688,172
Net Income Loss Allocated To General Partners	-2,612	17,052
Net income (loss) attributable to Fund Fourteen	($261,198)	$1,705,224
Weighted average number of limited partnership interests outstanding	258,761	258,771
Net income attributable to Fund Fourteen per weighted average limited partnership interest outstanding	($1)	$6.52

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, 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 income	130,212	-258,586	-2,612	-261,198	391,410
Distributions	-5,227,505	-5,175,230	-52,275	-5,227,505
Repurchase of limited partnership interests	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

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flow (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income	$130,212	$2,094,596
Adjustments to reconcile net income to net cash provided by operating activities:
Finance income, net of costs and fees	288,027	-1,547,682
Income from investments in joint ventures	-508,443	-393,601
Depreciation	2,605,798	3,842,488
Credit loss	2,060,641	794,999
Interest expense from amortization of debt financing costs	179,189	192,360
Interest expense, other	110,047	100,968
Gain on derivative financial instruments	214,287	-177,519
Changes in operating assets and liabilities:
Restricted cash	4,417,126	7,537,544
Other assets, net	-960,318	2,121,612
Accrued expenses and other liabilities	-31,783	1,110,452
Deferred revenue	-500,993	-514,159
Due to General Partner and affiliates	-648,157	-313,709
Distributions from joint ventures	418,903	257,125
Net cash provided by operating activities	7,774,536	15,105,474
Cash flows from investing activities:
Proceeds from sale of equipment	0	1,423,423
Principal received on finance leases	1,058,500	591,070
Investment in joint ventures	-1,644	-3,716,503
Distributions received from joint ventures in excess of profits	391,869	46,200
Investment in notes receivable	0	21,375
Proceeds From Collection Of Notes Receivable	10,366,357	2,520,619
Net cash provided by (used in) investing activities	11,815,082	886,184
Cash flows from financing activities:
Repayment of non-recourse long-term debt	-8,100,919	-15,229,238
Distributions to partners	-5,227,505	-5,227,723
Repurchase of limited partnership interests	0	-7,178
Net cash used in financing activities	-13,328,424	-20,464,139
Net increase (decrease) in cash and cash equivalents	6,261,194	-4,472,481
Cash and cash equivalents, beginning of the period	12,553,252	9,526,625
Cash and cash equivalents, end of the period	18,814,446	5,054,144
Supplemental disclosure of cash flow information:
Cash paid for interest	3,120,681	2,362,039
Supplemental disclosure of non-cash investing activities:
Transfer of leased equipment at cost to assets held for sale		$11,921,456

Organization

Organization	3 Months Ended
	Mar. 31, 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 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 (“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	3 Months Ended
	Mar. 31, 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 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, 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 three months ended March 31, 2015 and 2014, the predominant cash outflows from restricted cash was related to the release of previously restricted cash to pay down certain non-recourse long-term debt. The restricted cash 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 classified 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 non-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 inspect 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 assigning 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, satisfying 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 analyzes 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 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, and/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.
	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 effective 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 January 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 presumption 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 adoption of ASU 2015-02 becomes effective for us on January 1, 2016. Early adoption is permitted. We are currently in the process of evaluating the impact of the adoption of ASU 2015-02 on our consolidated financial statements.
	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 amount of such debt liability, consistent with debt discounts. ASU 2015-03 will be applied on a retrospective basis. The adoption of ASU 2015-03 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. We are currently in the process of evaluating the impact of the adoption of ASU 2015-03 on our consolidated financial statements.

Net_Investment_in_Notes_Receiv

Net Investment in Notes Receivable	3 Months Ended
	Mar. 31, 2015
Net Investment in Notes Receivable [Abstract]
Net Investment in Notes Receivable	(3) Net Investment in Notes Receivable
	As of March 31, 2015 and December 31, 2014, we had net investment in notes receivable on non-accrual status of $1,811,085 and $2,899,078, respectively, and no net investment in notes receivable that was past due 90 days or more and still accruing.
	Net investment in notes receivable consisted of the following:
			31-Mar-15		31-Dec-14
		Principal outstanding (1)	$	55,593,542	$	65,959,899
		Initial direct costs		2,919,475		3,397,823
		Deferred fees		-755,344		-923,855
		Credit loss reserve (2)		-6,789,885		-5,701,892
		Net investment in notes receivable (3)	$	50,967,788	$	62,731,975
		(1) As of March 31, 2015 and December 31, 2014, total principal outstanding related to our impaired loans was $8,600,970.
		(2) As of March 31, 2015, the credit loss reserve of $2,983,950 and $3,805,935 was related to the VAS and Western Drilling (each defined below) loans, respectively. As of December 31, 2014, the credit loss reserve of $1,895,957 and $3,805,935 was related to the VAS and Western Drilling loans, respectively.
		(3) As of March 31, 2015 and December 31, 2014, net investment in notes receivable related to our impaired loans was $1,811,085 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 Drilling’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 March 31, 2015 and 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 $40,000. On April 29, 2015, we received the settlement amount and will write 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 accounts receivable. Accordingly, the loan was placed on non-accrual status and a credit loss reserve of approximately $1,896,000 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 approximately $2,899,000. In March 2015, the 90-day standstill period provided for in the loan agreement ended without a viable restructuring or refinancing plan agreed upon. In addition, the senior lender continues to charge VAS forbearance fees. Although discussions among the parties are still ongoing, these factors resulted in our Investment Manager making a determination to record an additional credit loss reserve of approximately $1,088,000 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 appraisal using a sales comparison approach. As of March 31, 2015, the net carrying value of the loan was approximately $1,811,000. Finance income recognized on the loan prior to recording the credit loss reserve was approximately $174,000 for the three months ended March 31, 2014. No finance income was recognized since the date the loan was considered impaired. Accordingly, no finance income was recognized for the three months ended March 31, 2015.
	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 Corporation 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 due 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 not trigger a payment default under the loan agreement, the interest rate payable by JAC under the loan increased from 12.5% to 15.5%. Our Investment Manager believes that all contractual interest and principal payments are still collectible and therefore, a credit loss reserve was not required as of March 31, 2015. To the extent the manufacturing facility does not resume operations in the near future, a credit loss reserve may be required.
	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 approximately $10,199,000, comprised of all outstanding principal, accrued interest and a prepayment fee of approximately $297,000. As a result, we recognized additional finance income of approximately $123,000.
	Credit loss allowance activities for the three months ended March 31, 2015 were as follows:
		Credit Loss Allowance
		Allowance for credit loss as of December 31, 2014	$	5,701,892
		Provisions		1,087,993
		Write-offs, net of recoveries		-
		Allowance for credit loss as of March 31, 2015	$	6,789,885
	Credit loss allowance activities for the three months ended March 31, 2014 were as follows:
		Credit Loss Allowance
		Allowance for credit loss as of December 31, 2013	$	5,902,599
		Provisions		794,999
		Write-offs, net of recoveries		-
		Allowance for credit loss as of March 31, 2014	$	6,697,598

Net_Investment_in_Finance_Leas

Net Investment in Finance Leases	3 Months Ended
	Mar. 31, 2015
Net Investment in Finance Leases [Abstract]
Net Investment in Finance Leases	(4) Net Investment in Finance Leases
	As of March 31, 2015 and December 31, 2014, we had net investment in finance leases on non-accrual status of $115,991,703 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:
			31-Mar-15		31-Dec-14
		Minimum rents receivable (1)	$	164,595,670	$	167,319,170
		Initial direct costs		1,169,810		1,262,792
		Unearned income		-36,154,643		-37,929,691
				129,610,837		130,652,271
		Credit loss reserve (2)		-13,619,134		-12,646,486
		Net investment in finance leases	$	115,991,703	$	118,005,785
		(1) As of March 31, 2015 and December 31, 2014, total minimum rents receivable related to our impaired finance leases was $83,342,100 and $84,400,600, respectively.
		(2) As of March 31, 2015 and December 31, 2014, the credit loss reserve of $13,619,134 and $12,646,486, respectively, was related to the Amazing and the Fantastic (discussed below).
	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-recourse 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-interest-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 Manager 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 charter 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 from 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-adjusted vessel values and charter rates for the past ten years. During the three months ended March 31, 2015, we updated our analysis of the remaining expected undiscounted cash flows by updating the critical assumptions using a 2.25-year moving average of inflation-adjusted vessel values and charter rates for the past ten years and also considered the actual lease payments received for the Amazing and the Fantastic during the three months ended March 31, 2015. As a result, we recorded an additional credit loss of $972,648 for the Amazing and the Fantastic. 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 or if we continue to experience collectability issues with Geden, an additional credit loss reserve 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. Subsequent to that, as collectability of remaining lease payment obligations 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 March 31, 2015 and 2014, we recognized finance income of $0 and $504,012, respectively, related to the Amazing and the Fantastic. As of March 31, 2015 and December 31, 2014, net investment in finance leases totaling $47,933,738 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 over 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 March 31, 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 the 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 March 31, 2015 and 2014, we recognized finance income of $1,682,065 and $644,217, respectively, related to the Center. As of March 31, 2015 and December 31, 2014, net investment in finance leases totaling $68,057,965 and $68,040,899, respectively, was related to the Center.

Leased_Equipment_at_Cost

Leased Equipment at Cost	3 Months Ended
	Mar. 31, 2015
Leased Equipment at Cost [Abstract]
Leased Equipment at Cost	(5) Leased Equipment at Cost
	Leased equipment at cost consisted of the following:
				31-Mar-15		31-Dec-14
		Packaging equipment		$	6,535,061	$	6,535,061
		Motor coaches			9,384,683		9,384,683
		Marine - crude oil tankers			147,900,706		147,900,706
			Leased equipment at cost		163,820,450		163,820,450
		Less: accumulated depreciation			43,675,309		41,069,511
			Leased equipment at cost, less accumulated depreciation	$	120,145,141	$	122,750,939
	Depreciation expense was $2,605,798 and $3,842,488 for the three months ended March 31, 2015 and 2014

Investments_in_Joint_Ventures

Investments in Joint Ventures	3 Months Ended
	Mar. 31, 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. and 4% by ICON ECI Partners L.P., 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 payment 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 approximately $4,026,000 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 and the sales comparison approach. During 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 estimated fair value less cost to sell. We were not allocated any impairment loss as our investment in the joint venture was reduced to zero as of December 31, 2014. Subsequently, in May 2015, the equipment was sold at an auction and net sales proceeds are estimated to be approximately $5,000,000, subject to final confirmation from the auctioneer. We do not expect to incur additional losses as our investment in the joint venture is at zero and we have no obligation to fund the negative equity of the joint venture.
	Information as to the results of operations of ICON Hoegh, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	3,285,469	$	3,280,074
		Net income	$	573,085	$	536,124
		Our share of net income	$	114,617	$	107,225
	Information as to the results of operations of ICON Calypso, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	250,191	$	264,359
		Net income	$	152,890	$	157,166
		Our share of net income	$	68,800	$	70,725
	Information as to the results of operations of ICON Capella, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	244,979	$	264,359
		Net income	$	147,678	$	157,166
		Our share of net income	$	66,455	$	70,725
	Information as to the results of operations of ICON Blackhawk, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	706,896	$	231,913
		Net income	$	446,084	$	177,977
		Our share of net income	$	67,785	$	26,978
	Information as to the results of operations of ICON Geo, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	266,489	$	-
		Net income	$	212,791	$	-
		Our share of net income	$	69,727	$	-

NonRecourse_LongTerm_Debt

Non-Recourse Long-Term Debt	3 Months Ended
	Mar. 31, 2015
Non-Recourse Long-Term Debt [Abstract]
Non-Recourse Long-Term Debt	(7) Non-Recourse Long-Term Debt
	As of March 31, 2015 and December 31, 2014, we had non-recourse long-term debt obligations of $144,802,604 and $152,903,523, respectively. As of March 31, 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 4.105% to 12% per year, some of which are 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-term debt, the assets could be foreclosed upon and the proceeds would be remitted to the lender in extinguishment of that debt. As of March 31, 2015 and December 31, 2014, the total carrying value of assets subject to non-recourse long term debt was $234,897,644 and $239,452,768, respectively, of which $115,991,703 and $118,005,785, respectively, was related to non-performing assets associated with Geden.
	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 (“VLCCs”) on bareboat charter to AET Inc. Limited (“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.
	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 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 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 Vermont and the Eagle Virginia. On March 31, 2015, proceeds from rental income receipts that were previously restricted were used to partially pay down outstanding principal and interest of approximately $5,633,000 related to the Sub Debt. As of March 31, 2015 and December 31, 2014, the Sub Debt balance was $6,029,533 and $11,319,371, respectively. We are currently in compliance with all covenants related to the Sub Debt. At March 31, 2015 and December 31, 2014, $1,000,000 and $5,417,126, respectively, was included in restricted cash. The restricted cash amount as of March 31, 2015 represents the minimum cash requirement under the Senior Debt loan agreement.
	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 September 29, 2014, the interest rate was floating at the London Interbank Offered Rate (“LIBOR”) plus 3.85% as part of the original agreement. As of March 31, 2015, we were not in compliance with a financial covenant related to the non-recourse long-term debt associated with the Amazing and the Fantastic. We are in the process of negotiating an amendment with the lender. The lender has reserved, but not exercised, its rights under the loan agreement.
	As of March 31, 2015, we were in compliance with all covenants related to our non-recourse long-term debt, except for the debt associated with the Amazing and the Fantastic as discussed above.

Revolving_Line_of_Credit_Recou

Revolving Line of Credit, Recourse	3 Months Ended
	Mar. 31, 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 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.
	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 March 31, 2015, there were no obligations outstanding under the Facility and we were in compliance with all covenants related to the Facility.
	At March 31, 2015, we had $4,848,981 available under the Facility pursuant to the borrowing base.

Transactions_with_Related_Part

Transactions with Related Parties	3 Months Ended
	Mar. 31, 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 $52,277 for the three months ended March 31, 2015 and 2014, respectively. Additionally, our General Partner’s interest in the net (loss) income attributable to us was $(2,612) and $17,052 for the three months ended March 31, 2015 and 2014, respectively.
	Fees and other expenses incurred by us to our General Partner or its affiliates were as follows:
					Three Months Ended March 31,
		Entity	Capacity	Description	2015		2014
		ICON Capital, LLC	Investment Manager	Acquisition fees (1)	$	-	$	225,098
		ICON Capital, LLC	Investment Manager	Management fees (2)		715,944		442,548
		ICON Capital, LLC	Investment Manager	Administrative expense
				reimbursements (2)		325,558		412,957
					$	1,041,502	$	1,080,603
		(1) Amount capitalized and amortized to operations.
		(2) Amount charged directly to operations.
	At March 31, 2015 and December 31, 2014, we had a net payable of $178,128 and $826,285, respectively, due to our General Partner and affiliates. At March 31, 2015 and December 31, 2014, the payable was primarily related to Fund Twelve’s noncontrolling interest in the AET Vessels for an expense paid in full by Fund Twelve on our behalf in which we will reimburse Fund Twelve for our proportionate share of such expense. The payable also related to management fees and administrative expense reimbursements due to our Investment Manager.
	At March 31, 2015 and December 31, 2014, we had a note receivable from a joint venture of approximately $2,614,000 and $2,609,000, respectively, and accrued interest of approximately $30,000 in both periods. The accrued interest is included in other assets on our consolidated balance sheets.  For the three months ended March 31, 2015 and 2014, interest income relating to the note receivable from the joint venture of approximately $101,000 and $100,000, respectively, was recognized and included in finance income on the consolidated statements of operations.

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 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 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 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 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 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 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.
	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 March 31, 2015 and December 31, 2014, the termination value would be $5,922,112 and $5,661,617, respectively.
	Non-designated Derivatives
	As of March 31, 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 aggregate notional amount of $106,175,000 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 were, recorded directly in earnings, which is included in loss 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 March 31, 2015 and December 31, 2014:
				Liability Derivatives
						31-Mar-15	31-Dec-14
				Balance Sheet Location	Fair Value		Fair Value
		Derivatives not designated
			as hedging instruments:
			Interest rate swaps	Derivative financial instruments	$	5,593,761	$	5,379,474
	Our derivative financial instruments not designated as hedging instruments generated a loss on derivative financial instruments on our consolidated statements of operations for the three months ended March 31, 2015 and 2014 of $951,788 and $661,350, respectively. The loss recorded for the three months ended March 31, 2015 was comprised of a loss of $951,788 relating to interest rate swap contracts. The loss recorded for the three months ended March 31, 2014 was comprised of a loss of $664,403 relating to interest rate swap contracts and a gain of $3,053 relating to warrants. These amounts were recorded as a component of loss on derivative financial instruments on our consolidated statements of operations.

Fair_Value_Measurements

Fair Value Measurements

3 Months Ended

Mar. 31, 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 summarizes the valuation of our financial liabilities measured at fair value on a recurring basis as of March 31, 2015:

Level 1

Level 2

Level 3

Total

Liabilities:

Interest rate swaps

$

-

$

5,593,761

$

-

$

5,593,761

The following table summarizes the valuation 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 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 our consolidated balance 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. The valuation of our financial assets, such as notes receivable, 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, which is presented as of the date the credit loss was recorded, while the carrying value of the asset is presented as of March 31, 2015:

Credit loss for the

Carrying Value at

Fair Value at Impairment Date

Three Months Ended

31-Mar-15

Level 1

Level 2

Level 3

31-Mar-15

Net investment in note receivable

$

1,811,085

$

-

$

-

$

1,811,085

$

1,087,993

Our collateral dependent note receivable was valued using inputs that are generally unobservable and supported by little or no market data and are classified within Level 3. For the credit loss recorded during the three months ended March 31, 2015, our collateral dependent notes receivable was valued based primarily on the liquidation value of the collateral provided by an independent third-party appraiser.

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 value 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 recent 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. Principal outstanding on fixed-rate notes receivable was discounted at rates ranging between 6.94% and 15.50% per year as of March 31, 2015. Principal outstanding on fixed-rate non-recourse long-term debt and the seller’s credit was discounted at rates ranging between 4.02% and 10.18% per year as of March 31, 2015.

31-Mar-15

Fair Value

Carrying Value

(Level 3)

Principal outstanding on fixed-rate notes receivable

$

51,417,610

$

44,784,311

Principal outstanding on fixed-rate non-recourse long-term debt

$

9,895,545

$

10,046,721

Seller's credit

$

8,426,238

$

8,561,868

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 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 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.
	In connection with certain debt obligations, we are required to maintain restricted cash balances with certain banks. At March 31, 2015, we had restricted cash of $2,900,000.

Subsequent_Event

Subsequent Event	3 Months Ended
	Mar. 31, 2015
Subsequent Event [Abstract]
Subsequent Events [Text Block]	(13) Subsequent Event
	On May 7, 2015, NARL Marketing Inc. and certain of its affiliates (collectively, “NARL”) made a partial prepayment on its secured term loan of approximately $207,000 as part of the excess cash sweep provision of the loan agreement.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 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 non-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 inspect 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 assigning 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, satisfying 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 analyzes 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 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, and/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, 2014. The results for the interim period are not necessarily indicative of the results for the full year.
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.
	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 effective 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 January 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 presumption 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 adoption of ASU 2015-02 becomes effective for us on January 1, 2016. Early adoption is permitted. We are currently in the process of evaluating the impact of the adoption of ASU 2015-02 on our consolidated financial statements.
	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 amount of such debt liability, consistent with debt discounts. ASU 2015-03 will be applied on a retrospective basis. The adoption of ASU 2015-03 becomes effective for us on January 1, 2016, including interim periods within that reporting period. Early adoption is permitted. We are currently in the process of evaluating the impact of the adoption of ASU 2015-03 on our consolidated financial statements.
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 three months ended March 31, 2015 and 2014, the predominant cash outflows from restricted cash was related to the release of previously restricted cash to pay down certain non-recourse long-term debt. The restricted cash 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 classified within net cash provided by operating activities for both periods.

Net_Investment_in_Notes_Receiv1

Net Investment in Notes Receivable (Tables)	3 Months Ended
	Mar. 31, 2015
Net Investment in Notes Receivable [Abstract]
Net Investments in Notes Receivable	Net investment in notes receivable consisted of the following:
			31-Mar-15		31-Dec-14
		Principal outstanding (1)	$	55,593,542	$	65,959,899
		Initial direct costs		2,919,475		3,397,823
		Deferred fees		-755,344		-923,855
		Credit loss reserve (2)		-6,789,885		-5,701,892
		Net investment in notes receivable (3)	$	50,967,788	$	62,731,975
		(1) As of March 31, 2015 and December 31, 2014, total principal outstanding related to our impaired loans was $8,600,970.
		(2) As of March 31, 2015, the credit loss reserve of $2,983,950 and $3,805,935 was related to the VAS and Western Drilling (each defined below) loans, respectively. As of December 31, 2014, the credit loss reserve of $1,895,957 and $3,805,935 was related to the VAS and Western Drilling loans, respectively.
		(3) As of March 31, 2015 and December 31, 2014, net investment in notes receivable related to our impaired loans was $1,811,085 and $2,899,078, respectively.
Allowance For Credit Losses On Financing Receivables [Table Text Block]	Credit loss allowance activities for the three months ended March 31, 2015 were as follows:
		Credit Loss Allowance
		Allowance for credit loss as of December 31, 2014	$	5,701,892
		Provisions		1,087,993
		Write-offs, net of recoveries		-
		Allowance for credit loss as of March 31, 2015	$	6,789,885
	Credit loss allowance activities for the three months ended March 31, 2014 were as follows:
		Credit Loss Allowance
		Allowance for credit loss as of December 31, 2013	$	5,902,599
		Provisions		794,999
		Write-offs, net of recoveries		-
		Allowance for credit loss as of March 31, 2014	$	6,697,598

Net_Investment_in_Finance_Leas1

Net Investment in Finance Leases (Tables)	3 Months Ended
	Mar. 31, 2015
Net Investment in Finance Leases [Abstract]
Net investment in finance leases	Net investment in finance leases consisted of the following:
			31-Mar-15		31-Dec-14
		Minimum rents receivable (1)	$	164,595,670	$	167,319,170
		Initial direct costs		1,169,810		1,262,792
		Unearned income		-36,154,643		-37,929,691
				129,610,837		130,652,271
		Credit loss reserve (2)		-13,619,134		-12,646,486
		Net investment in finance leases	$	115,991,703	$	118,005,785
		(1) As of March 31, 2015 and December 31, 2014, total minimum rents receivable related to our impaired finance leases was $83,342,100 and $84,400,600, respectively.
		(2) As of March 31, 2015 and December 31, 2014, the credit loss reserve of $13,619,134 and $12,646,486, respectively, was related to the Amazing and the Fantastic (discussed below).

Leased_Equipment_at_Cost_Table

Leased Equipment at Cost (Tables)	3 Months Ended
	Mar. 31, 2015
Leased Equipment at Cost [Abstract]
Leased equipment at cost	Leased equipment at cost consisted of the following:
				31-Mar-15		31-Dec-14
		Packaging equipment		$	6,535,061	$	6,535,061
		Motor coaches			9,384,683		9,384,683
		Marine - crude oil tankers			147,900,706		147,900,706
			Leased equipment at cost		163,820,450		163,820,450
		Less: accumulated depreciation			43,675,309		41,069,511
			Leased equipment at cost, less accumulated depreciation	$	120,145,141	$	122,750,939

Investment_in_Joint_Ventures_T

Investment in Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2015
Investments in Joint Ventures [Abstract]
Investment	Information as to the results of operations of ICON Hoegh, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	3,285,469	$	3,280,074
		Net income	$	573,085	$	536,124
		Our share of net income	$	114,617	$	107,225
	Information as to the results of operations of ICON Calypso, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	250,191	$	264,359
		Net income	$	152,890	$	157,166
		Our share of net income	$	68,800	$	70,725
	Information as to the results of operations of ICON Capella, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	244,979	$	264,359
		Net income	$	147,678	$	157,166
		Our share of net income	$	66,455	$	70,725
	Information as to the results of operations of ICON Blackhawk, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	706,896	$	231,913
		Net income	$	446,084	$	177,977
		Our share of net income	$	67,785	$	26,978
	Information as to the results of operations of ICON Geo, LLC is summarized as follows:
			Three Months Ended March 31,
			2015		2014
		Revenue	$	266,489	$	-
		Net income	$	212,791	$	-
		Our share of net income	$	69,727	$	-

Transactions_with_Related_Part1

Transactions with Related Parties (Tables)	3 Months Ended
	Mar. 31, 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 March 31,
		Entity	Capacity	Description	2015		2014
		ICON Capital, LLC	Investment Manager	Acquisition fees (1)	$	-	$	225,098
		ICON Capital, LLC	Investment Manager	Management fees (2)		715,944		442,548
		ICON Capital, LLC	Investment Manager	Administrative expense
				reimbursements (2)		325,558		412,957
					$	1,041,502	$	1,080,603
		(1) Amount capitalized and amortized to operations.
		(2) Amount charged directly to operations.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 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 March 31, 2015 and December 31, 2014:
				Liability Derivatives
						31-Mar-15	31-Dec-14
				Balance Sheet Location	Fair Value		Fair Value
		Derivatives not designated
			as hedging instruments:
			Interest rate swaps	Derivative financial instruments	$	5,593,761	$	5,379,474

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Measurements [Abstract]
Fair Value Assets Measured On Nonrecurring Basis Valuation Techniques [Text Block]	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 asset is presented as of March 31, 2015:
															Credit loss for the
			Carrying Value at				Fair Value at Impairment Date								Three Months Ended
			31-Mar-15			Level 1			Level 2			Level 3			31-Mar-15
		Net investment in note receivable	$	1,811,085		$	-		$	-		$	1,811,085		$	1,087,993
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis [Table Text Block]	The following table summarizes the valuation of our financial liabilities measured at fair value on a recurring basis as of March 31, 2015:
				Level 1			Level 2			Level 3			Total
		Liabilities:
			Interest rate swaps	$	-		$	5,593,761		$	-		$	5,593,761
	The following table summarizes the valuation 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]			31-Mar-15
						Fair Value
			Carrying Value			(Level 3)
		Principal outstanding on fixed-rate notes receivable	$	51,417,610		$	44,784,311
		Principal outstanding on fixed-rate non-recourse long-term debt	$	9,895,545		$	10,046,721
		Seller's credit	$	8,426,238		$	8,561,868

Net_Investment_in_Notes_Receiv2

Net Investment in Notes Receivable (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Schedule of Notes Receivable [Abstract]
Principal outstanding	$55,593,542	$65,959,899
Initial direct costs	2,919,475	3,397,823
Deferred fees	-755,344	-923,855
Credit loss reserve	-6,789,885	-5,701,892
Notes and loans receivable, net	50,967,788	62,731,975
Allowance for Credit loss	$6,789,885	$5,701,892	$6,697,598	$5,902,599

Net_Investmnet_in_Notes_Receiv

Net Investmnet in Notes Receivable (Details- Credit Loss allowance activities) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Allowance for loan and lease losses [roll forward]
Allowance for Credit loss	$6,789,885	$6,697,598	$5,701,892	$5,902,599
Provisions	1,087,993	794,999
Write Offs	$0	$0

Net_Investment_in_Notes_Receiv3

Net Investment in Notes Receivable Narratives (Details) (USD $)	3 Months Ended		0 Months Ended		12 Months Ended	3 Months Ended	0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Apr. 29, 2015	Jul. 26, 2011	Dec. 31, 2014	Dec. 31, 2014	Jan. 30, 2015	Dec. 22, 2011
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net	$50,967,788				$62,731,975	$62,731,975
Financing Receivable, Allowance for Credit Losses	6,789,885				5,701,892	5,701,892
Notes Receivable Net Impaired Loans	1,811,085				2,899,078	2,899,078
Additional Credit Loss Reserve	2,060,641	794,999
Finance income	3,515,987	3,869,518
Proceeds From Collection Of Notes Receivable	10,366,357	2,520,619
Basis Spread (In Hundreths)	2.50%
Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Net Investments In Notes Receivable Nonaccrual Status	1,811,085				2,899,078	2,899,078
Notes Receivable 90 Days Past Due And Still Accruing	0				0	0
Principal Outstanding Impaired Notes Receivable	8,600,970				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	115,991,703				118,005,785	118,005,785
Notes Receivable 90 Days Past Due And Still Accruing	0				0	0
Western Drilling
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses	3,805,935				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	3,805,935
Loans Disbursed				9,465,000
Interest Rate (In Hundreths)				14.00%
Debt Instrument Maturity Date				1-Sep-16
Additional Credit Loss Reserve					862,131
Proceeds From Collection Of Notes Receivable			40,000
VAS Aero Services LLC [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses	2,983,950				1,895,957	1,895,957
Debt Instrument Maturity Date						6-Oct-14
VAS Aero Services LLC [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net	1,811,000				2,899,000	2,899,000
Additional Credit Loss Reserve	1,087,993
Finance income	0	174,000
VAS Aero Services LLC [Member] | Secured Debt [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Debt Instrument Maturity Date					6-Oct-14
Superior [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Debt Instrument Maturity Date							10-Sep-17
Finance income							123,000
Proceeds From Collection Of Notes Receivable							10,199,000
Prepayment Fee							297,000
JAC [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Orginial Interest Rate	0.125
Face amount of loans funded								$20,124,000
Interest Rate including default interest	0.155

Net_Investment_in_Finance_Leas2

Net Investment in Finance Leases (Details) (USD $)	3 Months Ended		0 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 29, 2010	Jun. 21, 2011	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Additional Credit Loss Reserve	$2,060,641	$794,999
Finance income	3,515,987	3,869,518
Capital Leases Net Investment In Direct Financing Leases Abstract
Minimum rents receivable	164,595,670				167,319,170
Estimated residual value	0				0
Initial direct costs	1,169,810				1,262,792
Unearned income	-36,154,643				-37,929,691
Investment in finance leases before credit loss reserve	129,610,837				130,652,271
Net investment in finance leases	115,991,703				118,005,785
Credit loss reserve	-13,619,134				-12,646,486
Geden Subsidiaries [Member]
Property, Plant and Equipment [Line Items]
Additional Credit Loss Reserve	972,648
Finance income	0	504,012
Capital Leases Net Investment In Direct Financing Leases Abstract
Net investment in finance leases	47,933,738				49,964,886
Credit loss reserve					12,646,486
Center Navigation Ltd [Member]
Property, Plant and Equipment [Line Items]
Finance income	1,682,065	644,217
Capital Leases Net Investment In Direct Financing Leases Abstract
Net investment in finance leases	68,057,965				68,040,899
Notes Receivable [Member]
Property, Plant and Equipment [Line Items]
Net Investments In Finance Leases Nonaccrual Status	1,811,085				2,899,078
Finance Leases 90 Days Past Due And Still Accruing	0				0
Finance Leases Financing Receivable [Member]
Property, Plant and Equipment [Line Items]
Net Investments In Finance Leases Nonaccrual Status	115,991,703				118,005,785
Finance Leases 90 Days Past Due And Still Accruing	0				0
Supramax Bulk Carrier Vessels [Member] | Notes Receivable [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
Supramax Bulk Carrier Vessels [Member] | Finance Leases Financing Receivable [Member]
Capital Leases Net Investment In Direct Financing Leases Abstract
Minimum rents receivable	83,342,100				84,400,600
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) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Leased equipment at cost	$163,820,450		$163,820,450
Less: accumulated depreciation	43,675,309		41,069,511
Leased equipment, net	120,145,141		122,750,939
Depreciation	2,605,798	3,842,488
Packaging Equipment [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost	6,535,061		6,535,061
Motor Coaches [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost	9,384,683		9,384,683
Marine - Crude Oil Tankers [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost	$147,900,706		$147,900,706

Investment_In_Joint_Ventures_N

Investment In Joint Ventures Narratives (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	13-May-15
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Investments In Joint Ventures	$18,438,440		$18,739,125
LLC's share of net income (loss)	508,443	393,601
Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Asset Impairment Charges			4,026,000
Equipment Estimated Sales Proceeds				5,000,000
Investments In Joint Ventures			0
ICON Blackhawk,LLC [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Revenue	706,896	231,913
Net income	446,084	177,977
LLC's share of net income (loss)	67,785	26,978
ICON Hoegh, LLC [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Revenue	3,285,469	3,280,074
Net income	573,085	536,124
LLC's share of net income (loss)	114,617	107,225
ICON Calypso, LLC [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Revenue	250,191	264,359
Net income	152,890	157,166
LLC's share of net income (loss)	68,800	70,725
ICON Capella, LLC [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Revenue	244,979	264,359
Net income	147,678	157,166
LLC's share of net income (loss)	66,455	70,725
ICON Geokinectics, LLC [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Revenue	266,489	0
Net income	212,791	0
LLC's share of net income (loss)	69,727	0
ICON ECI Fund Fifteen LP [Member] | Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage	58.00%
ICON ECI Partners LP [Member] | Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage	4.00%
ICON Fund Fourteen | Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Investments In Joint Ventures	$0
Ownership Percentage	38.00%

NonRecourse_LongTerm_Debt_Deta

Non-Recourse Long-Term Debt (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Sep. 29, 2014	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Non-recourse long term debt	$144,802,604			$144,802,604		$152,903,523
Interest Rate Minimum (In Hundredths)	4.11%
Interest Rate Maximum (In Hundredths)	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
Carrying Value Of Underlying Assets Securing Non Recourse Debt	234,897,644			234,897,644		239,452,768
Repayment Of Non-Recourse Long-Term Debt	8,100,919	15,229,238
Restricted Cash	2,900,000			2,900,000		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	115,991,703			115,991,703		118,005,785
Center Navigation Ltd [Member]
Debt Instrument [Line Items]
Basis Spread (In Hundreths)			3.85%
Subordinated Non-Recourse Long Term Debt [Member]
Debt Instrument [Line Items]
Non-recourse long term debt	6,029,533			6,029,533		11,319,371
Restricted Cash	1,000,000			1,000,000		5,417,126
Subordinated Non-Recourse Long Term Debt [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt	22,000,000			22,000,000
Repayment Of Non-Recourse Long-Term Debt				5,633,000
Senior Debt [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt	128,000,000			128,000,000
Repayment Of Non-Recourse Long-Term Debt					$5,680,000

Revolving_Line_of_Credit_Recou1

Revolving Line of Credit, Recourse (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Line of Credit Facility [Line Items]
Maximum Borrowing Capacity	$12,500,000
Expiration Date	30-May-17
Debt Financing Cost	47,500
Debt Instrument Basis Spread On Variable Rate1	2.50%
Commitment Fee (In Hundredths)	0.50%
Available Borrowing Capacity	$4,848,981
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_Part2

Transactions with Related Parties (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Fees And Commissions Other	$1,041,502	$1,080,603
Partners' Capital Account, Distributions	5,227,505
Net Income Loss Allocated To General Partners	-2,612	17,052
Due to General Partner and affiliates	178,128		826,285
Notes Receivable Related Parties	2,613,953		2,609,209
Finance income	3,515,987	3,869,518
ICON Capital, LLC [Member] | Management Fees [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	715,944	442,548
ICON Capital, LLC [Member] | Administrative Expense Reimbursements [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	325,558	412,957
ICON Capital, LLC [Member] | Acquisition Fees [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	0	225,098
General Partner [Member]
Related Party Transaction [Line Items]
Partners' Capital Account, Distributions	52,275	52,277
Due to General Partner and affiliates	178,128		826,285
Joint Venture [Member]
Related Party Transaction [Line Items]
Notes Receivable Related Parties	2,614,000		2,609,000
Accrued Interest On Note Receivable From Joint Venture	30,000		30,000
Finance income	$101,162	$99,941

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Derivative [Line Items]
Termination Value Of Derivatives In A Liability Position	$5,922,112		$5,661,617
Liability Derivatives	5,593,761		5,379,474
Derivative Instruments, Gain (Loss) Recognized in Income, Net	-951,788	-661,350
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Number Of Instruments Held	3		3
Derivative Notional Amount	106,175,000		109,210,000
Liability Derivatives	5,593,761		5,379,474
Derivative Instruments, Gain (Loss) Recognized in Income, Net	-951,788	-664,403
Warrant [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$0	$3,053

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Notes Receivable Net	$50,967,788		$62,731,975
Credit loss	2,060,641	794,999
Carrying Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Principal outstanding on fixed-rate notes receivable	51,417,610
Principal outstanding on fixed-rate non-recourse long-term debt	9,895,545
Seller's credit	8,426,238
Minimum [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate	6.94%
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	4.02%
Maximum [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate	15.50%
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	10.18%
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	44,784,311
Principal outstanding on fixed-rate non-recourse long-term debt	10,046,721
Seller's credit	8,561,868
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Fair Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Liabilities	5,593,761		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	5,593,761		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	1,087,993
Fair Value, Measurements, Nonrecurring [Member] | Carrying Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Notes Receivable Net	1,811,085
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	$1,811,085

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Restricted Cash	$2,900,000	$7,317,126

Subsequent_Event_Details

Subsequent Event (Details) (USD $)	3 Months Ended		0 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	7-May-15	Dec. 31, 2014	13-May-15
Subsequent Event [Line Items]
Proceeds From Collection Of Notes Receivable	$10,366,357	$2,520,619
Investments in joint ventures	18,438,440			18,739,125
NARL Marketing [Member]
Subsequent Event [Line Items]
Proceeds From Collection Of Notes Receivable			207,000
Go Frac [Member]
Subsequent Event [Line Items]
Investments in joint ventures				0
Asset Impairment Charges				4,026,000
Equipment Estimated Sales Proceeds					5,000,000
Go Frac [Member] | ICON Fund Fourteen
Subsequent Event [Line Items]
Investments in joint ventures	$0
Ownership Percentage	38.00%
Go Frac [Member] | ICON ECI Partners LP [Member]
Subsequent Event [Line Items]
Ownership Percentage	4.00%
Go Frac [Member] | ICON ECI Fund Fifteen LP [Member]
Subsequent Event [Line Items]
Ownership Percentage	58.00%