ICON Equipment & Corporate Infrastructure Fund Fourteen 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	6 Months Ended
	Jun. 30, 2015	Aug. 07, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.
Document Type	10-Q
Entity Central Index Key	1,446,806
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Document Period End Date	Jun. 30, 2015
Entity Common Stock, Shares Outstanding		258,761
Amendment Flag	false
Entity Public Float	$ 0
Entity Filer Category	Non-accelerated Filer

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 12,958,231	$ 12,553,252
Restricted Cash	3,150,000	7,317,126
Net investment in finance leases	114,534,966	118,005,785
Leased equipment at cost (less accumulated depreciation of $46,277,386 and $41,069,511, respectively)	117,543,064	122,750,939
Net investment in notes receivable	33,139,264	62,731,975
Note receivable from joint venture	2,627,139	2,609,209
Investments in joint ventures	18,162,418	18,739,125
Other assets	3,833,611	3,096,488
Total assets	305,948,693	347,803,899
Liabilities:
Non-recourse long term debt	138,926,273	152,903,523
Derivative financial instruments	4,735,550	5,379,474
Deferred revenue	1,582,384	2,365,892
Due to General Partner and affiliates	249,493	826,285
Accrued expenses and other liabilities	10,323,041	11,114,968
Total Liabilities	$ 155,816,741	$ 172,590,142
Commitments and contingencies (Note 12)
Partners' Equity:
Limited partners	$ 137,636,172	$ 159,293,140
General Partner	(932,555)	(713,798)
Total partners' equity	136,703,617	158,579,342
Noncontrolling interests	13,428,335	16,634,415
Total equity	150,131,952	175,213,757
Total liabilities and equity	$ 305,948,693	$ 347,803,899

Consolidated Balance Sheets (u3

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Assets
Leased equipment at cost, accumulated depreciation	$ 46,277,386	$ 41,069,511

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue:
Finance income	$ 2,535,273	$ 2,988,260	$ 6,051,260	$ 6,857,778
Rental income	5,358,997	5,984,439	10,742,559	13,190,111
Income from investment in joint ventures	775,502	480,419	1,283,945	874,020
Other income	2,964	5,620	5,811	20,043
Gain on sale of assets, net	0	2,229,898	0	2,229,898
Total revenue	8,672,736	11,688,636	18,083,575	23,171,850
Expenses:
Management fees	341,929	981,129	1,057,873	1,423,677
Administrative expense reimbursements	377,840	399,353	703,398	812,310
General and administrative	592,801	515,037	1,384,615	1,209,950
Credit loss	17,923,190	78,216	19,983,831	873,215
Depreciation	2,602,077	2,613,997	5,207,875	6,456,485
Interest	1,743,292	2,232,428	3,572,376	4,771,791
Gain/loss on derivative financial instruments	(146,762)	906,994	805,026	1,568,344
Total expenses	23,434,367	7,727,154	32,714,994	17,115,772
Net income	(14,761,631)	3,961,482	(14,631,419)	6,056,078
Less: net income attributable to noncontrolling interests	(3,602,114)	979,504	(3,210,704)	1,368,876
Net income attributable to Fund Fourteen	(11,159,517)	2,981,978	(11,420,715)	4,687,202
Net income attributable to Fund Fourteen allocable to:
Limited partners	(11,047,922)	2,952,158	(11,306,508)	4,640,330
General Partner	111,595	29,820	114,207	46,872
Net income (loss) attributable to Fund Fourteen	$ (11,159,517)	$ 2,981,978	$ (11,420,715)	$ 4,687,202
Weighted average number of limited partnership interests outstanding	258,761	258,761	258,761	258,766
Net income attributable to Fund Fourteen per weighted average limited partnership interest outstanding	$ (42.7)	$ 11.41	$ (43.69)	$ 17.93

Consolidated Statements of Chan

Consolidated Statements of Changes in Partner's Equity - USD ($)	Total	Limited Partner [Member]	General Partner [Member]	Total Partners' Equity [Member]	Noncontrolling Interest [Member]
Balance (unaudited) at Dec. 31, 2014	$ 175,213,757	$ 159,293,140	$ (713,798)	$ 158,579,342	$ 16,634,415
Balance (in shares) at Dec. 31, 2014		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	130,212	$ (258,586)	(2,612)	(261,198)	391,410
Distributions	(5,227,505)	(5,175,230)	(52,275)	(5,227,505)	0
Balance (unaudited) at Mar. 31, 2015	170,116,464	$ 153,859,324	(768,685)	153,090,639	17,025,825
Balance (in shares) at Mar. 31, 2015		258,761
Balance (unaudited) at Dec. 31, 2014	175,213,757	$ 159,293,140	(713,798)	158,579,342	16,634,415
Balance (in shares) at Dec. 31, 2014		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	(14,631,419)
Distributions		$ (5,175,230)	(52,275)	(5,227,505)
Repurchase of limited partnership interests	0
Balance (unaudited) at Jun. 30, 2015	150,131,952	$ 137,636,172	(932,555)	136,703,617	13,428,335
Balance (in shares) at Jun. 30, 2015		258,761
Balance (unaudited) at Mar. 31, 2015	170,116,464	$ 153,859,324	(768,685)	153,090,639	17,025,825
Balance (in shares) at Mar. 31, 2015		258,761
Increase (Decrease) in Partners' Capital [Roll Forward]
Net (loss) income	(14,761,631)	$ (11,047,922)	(111,595)	(11,159,517)	(3,602,114)
Distributions	(5,227,505)	(5,175,230)	(52,275)	(5,227,505)	0
Investment by noncontrolling interest	4,624				4,624
Balance (unaudited) at Jun. 30, 2015	$ 150,131,952	$ 137,636,172	$ (932,555)	$ 136,703,617	$ 13,428,335
Balance (in shares) at Jun. 30, 2015		258,761

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net (loss) income	$ (14,631,419)	$ 6,056,078
Adjustments to reconcile net income to net cash provided by operating activities:
Finance income, net of costs and fees	497,214	(784,850)
(Income) Loss from investment in joint ventures	(1,019,118)	(874,020)
Net gain on sale of assets	0	(2,229,898)
Depreciation	5,207,875	6,456,485
Credit loss	19,983,831	873,215
Interest expense from amortization of debt financing costs	354,084	383,646
Interest expense, other	221,550	210,200
Gain on derivative financial instruments	(643,924)	(82,397)
Changes in operating assets and liabilities:
Restricted cash	4,167,126	6,303,104
Other assets, net	(1,091,207)	1,679,661
Accrued expenses and other liabilities	(1,013,477)	(4,268,043)
Deferred revenue	(783,508)	(1,024,368)
Due to General Partner and affiliates	(576,792)	(178,675)
Distributions from joint ventures	898,629	372,939
Net cash provided by operating activities	11,570,864	12,893,077
Cash flows from investing activities:
Proceeds from sale of equipment	0	16,368,941
Principal received on finance leases	1,497,000	835,975
Investment in joint ventures	(26,187)	(5,353,420)
Distributions received from joint ventures in excess of profits	723,383	119,707
Investment in notes receivable	0	(421,889)
Proceeds From Collection Of Notes Receivable	11,067,555	24,331,246
Net cash provided by (used in) investing activities	13,261,751	35,880,560
Cash flows from financing activities:
Repayment of non-recourse long-term debt	(13,977,250)	(27,180,221)
Distributions to partners	(10,455,010)	(10,455,228)
Repurchase of limited partnership interests	0	(7,178)
Proceeds From Minority Shareholders	4,624	18,484
Net cash used in financing activities	(24,427,636)	(37,624,143)
Net increase (decrease) in cash and cash equivalents	404,979	11,149,494
Cash and cash equivalents, beginning of the period	12,553,252	9,526,625
Cash and cash equivalents, end of the period	12,958,231	20,676,119
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 5,264,025	$ 4,650,360

Organization

Organization	6 Months Ended
	Jun. 30, 2015
Organization [Abstract]
Organization	(1 ) Organization ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P. (the “Partnership”) was formed on August 20, 2008 as a Delaware limited partnership. When used in these notes to consolidated financial statements, the terms “we,” “us,” “our” or similar terms refer to the Partnership and its consolidated subsidiaries. Our offering period commenced on May 18, 2009 and ended on May 18, 2011. We are currently in our operating period, which commenced on May 19, 2011. We operate a s an equipment leasing and finance fund in which the capital our partners invested was pooled together to make investments in business-essential equipment and corporate infrastructure (collectively, “Capital Assets”), pay fees and establish a small reserve . We primarily invest in Capital Assets, including, but not limited to, Capital Assets that are already subject to lease, Capital Assets that we purchase and lease to domestic and international businesses, loans that are secured by Capital Assets, and owne rship rights to leased Capital Assets at lease expiration. Our general partner is ICON GP 14, LLC, a Delaware limited liability company (the “General Partner”), which is a wholly-owned subsidiary of ICON Capital, LLC, a Delaware limited liability company (“ICON C apital”). Our General Partner manages and controls our business affairs, including, but not limited to, the Capital Assets we invest in. Our General Partner has engaged ICON Capital as our investment manager (the “Investment Manager”) to, among other thing s, facilitate the acquisition and servicing of our investments.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	(2 ) Summary of Significant Accounting Policies Basis of Presentation and Consolidation Our accompanying conso lidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Quarterly Reports on Form 10-Q. In the opinion of our G eneral P artner , all adjustments, which are of a normal recurring nature, consi dered 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 six months ended June 30, 2015 and 2014, the predominant cash outflows from restricted cash w ere related to the release of previousl y 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-recou rse 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 no n-financial covenants, (iii) monitoring a borrower’s payment history and public credit rating, if available, and (iv) assessing our exposure based on the current investment mix. As part of the monitoring process, our Investment Manager may physically inspe ct the collateral or a borrower’s facility and meet with a borrower’s management to better understand such borrower’s financial performance and its future plans on an as-needed basis. As our financing receivables, generally notes receivable and finance leases, are limited in number, our Investment Manager is able to estimate the credit loss reserve based on a detailed analysis of each financing receivable as opposed to using portfolio-based metrics. Our Investment Manager does not use a system of assigni ng internal risk ratings to each of our financing receivables. Rather, each financing receivable is analyzed quarterly and categorized as either performing or non-performing based on certain factors including, but not limited to, financial results, satisfy ing scheduled payments and compliance with financial covenants. A financing receivable is usually categorized as non-performing only when a borrower experiences financial difficulties and has failed to make scheduled payments. Our Investment Manager then a nalyzes whether the financing receivable should be placed on a non-accrual status, a credit loss reserve should be established or the financing receivable should be restructured. As part of the assessment, updated collateral value is usually considered and such collateral value can be based on a third party industry expert appraisal or, depending on the type of collateral and accessibility to relevant published guides or market sales data, internally derived fair value. Material events would be specifically disclosed in the discussion of each financing receivable held. Financing receivables are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, our Investment Manager periodically reviews the creditworthine ss of companies with payments outstanding less than 90 days and based upon our Investment Manager’s judgment, these accounts may be placed in a non-accrual status. In accordance with the cost recovery method, payments received on non-accrual financing rec eivables are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual financing receivables is not in doubt, interest income is recognized on a cash basis. Financing receivable s in non-accrual status may not be restored to accrual status until all delinquent payments have been received, and we believe recovery of the remaining unpaid receivable is probable. When our Investment Manager deems it is probable that we will not be a ble to collect all contractual principal and interest on a non-performing financing receivable, we perform an analysis to determine if a credit loss reserve is necessary. This analysis considers the estimated cash flows from the financing receivable, and/o r the collateral value of the asset underlying the financing receivable when financing receivable repayment is collateral dependent. If it is determined that the impaired value of the non-performing financing receivable is less than the net carrying value, we will recognize a credit loss reserve or adjust the existing credit loss reserve with a corresponding charge to earnings. We then charge off a financing receivable in the period that it is deemed uncollectible by reducing the credit loss reserve and th e balance of the financing receivable. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ ASU ”) No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), requiring revenue to be recognized in an amount that reflects the consideration expected to be received in exchange for goods and services. This new revenue standard may be applied retrospectively to each prior period presented, or retrospectively with the cumulative effect recognized as of the date of the adoption. In July 2015, FASB officially deferred implementation of ASU 2014-09 by one year. Under such deferral, the adoption of ASU 2014-09 becomes effective for us on January 1, 2018, including interim p eriods within that reporting period. Early adoption is permitted, but not before our original effective date of January 1, 2017. We are currently in the process of evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statement s. 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 responsi bility 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, an d 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 interi m 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 – Amendment s 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 c onsolidate 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 f or 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 I nteres t (“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 t he adoption of ASU 2015-03 on our consolidated financial statements.

Net Investment in Notes Receiva

Net Investment in Notes Receivable	6 Months Ended
	Jun. 30, 2015
Net Investment in Notes Receivable [Abstract]
Net Investment in Notes Receivable	(3 ) Net Investment in Notes Receivable As of June 30, 2015 and December 31, 2014, we had net investment in notes receivable on non-accrual status of $1 6,509,246 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: June 30, 2015 December 31, 2014 Principal outstanding (1) $ 47,136,158 $ 65,959,899 Initial direct costs 2,866,202 3,397,823 Deferred fees (941,301) (923,855) Credit loss reserve (2) (15,921,795) (5,701,892) Net investment in notes receivable (3) $ 33,139,264 $ 62,731,975 (1) As of June 30, 2015, total principal outstanding related to our impaired loans was $30,825,506, of which $30,018,582 was related to JAC (defined below) and $806,924 was related to VAS (defined below). As of December 31, 2014, total principal outstanding related to our impaired loans was $8,600,970, of which $4,795,035 was related to VAS and $3,805,935 was related to Western Drilling (defined below). (2) As of June 30, 2015, the credit loss reserve of $15,921,795 was related to JAC. As of December 31, 2014, the credit loss reserve was $5,701,892, of which $1,895,957 was related to VAS and $3,805,935 was related to Western Drilling. (3) As of June 30, 2015 and December 31, 2014, net investment in notes receivable related to our impaired loans was $16,509,246 and $2,899,078, respectively. On July 26, 2011, we made a secured term loan to Western Drilling Inc. and Western Landholdings, LLC (collectively , “Western Drilling”) in the amount of $9,465,000. The loan bore interest at 14% per year and was scheduled to mature on September 1, 2016. The loan was secured by, among other collateral, a first priority security interest in oil and gas drilling rigs and a mortgage on real property. Due to a change in market demand, the utilization of Western Drilling’s rigs declined, which led to Western Dr illing’s failure to meet its payment obligations. As a result, the loan was placed on a non-accrual status and a credit loss was recorded during the year ended December 31, 2013 based on the estimated value of the recoverable collateral. No finance income was recognized since the date the loan was considered impaired. During the year ended December 31, 2014, an additional credit loss reserve of $862,131 was recorded based on cash proceeds received from the sale of the collateral. As of December 31, 2014, we fully reserved the remaining balance of the loan of $3,805,935. On March 18, 2015, we entered into a settlement and mutual release with the estate of Western Drilling’s guarantor to settle our claims against the guarantor for $ 37,860 . On April 29, 2015, w e received the settlement amount and wrote off the fully reserved loan as of June 30, 2015 . During the year ended December 31, 2014, VAS Aero Services, LLC (“VAS”) experienced financial hardship resulting in its failure to make the final monthly payment under the secured term loan as well as the balloon payment due on the October 6, 2014 maturity date. As a result, our Investment Manager determined that we should record a credit loss reserve based on an estimated liquidation value of VAS’s inventory and a ccounts receivable. Accordingly, the loan was placed on non-accrual status and a credit loss reserve of $1,895,957 was recorded during the year ended December 31, 2014 based on our pro-rata share of the liquidation value of the collateral. The value of the collateral was based on a third-party appraisal using a sales comparison approach. As of December 31, 2014, the net carrying value of the loan was $2,899,078. In March 2015, the 90-day standstill period provided for in the loan agreement ended without a v iable restructuring or refinancing plan agreed upon. In addition, the senior lender continued to charge VAS forbearance fees. Although discussions among the parties were still ongoing, these factors resulted in our Investment Manager making a determination to record an additional credit loss reserve of $1,087,993 during the three months ended March 31, 2015 to reflect a potential forced liquidation of the collateral. The forced liquidation value of the collateral was primarily based on a third-party apprais al using a sales comparison approach. On July 23, 2015, we sold all of our interest in the loan to GB Loan, LLC (“GB”) for $806,924. As a result, we recorded an additional credit loss of $1,004,161 and wrote off the credit loss reserve and corresponding ba lance of the loan of $3,988,111 during the three months ended June 30, 2015. As of June 30, 2015, the net carrying value of the loan was $806,924. No finance income was recognized since the date the loan was considered impaired. Accordingly, no finance inc ome was recognized for the three and six months ended June 30, 2015. Finance income recognized on the loan prior to recording the credit loss reserve was $199,679 and $373,734 for the three and six months ended June 30, 2014, respectively. On Decembe r 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 Ma rch 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 lo an agreement, the interest rate payable by JAC under the loan increased from 12.5% to 15.5%. During the three months ended June 30, 2015, the expected tolling arrangement did not commence and JAC’s stakeholders were unable to agree upon a restru cturing plan. As a result, the manufacturing facility has not yet resumed operations and JAC continues to experience liquidity constraints. Accordingly, our Investment Manager has determined that there is doubt regarding our ultimate collectability of the loan. Our Investment Manager visited JAC’s facility and continues to engage in discussions with JAC’s other stakeholders to agree upon a restructuring plan. Based upon recent discussions, we may convert a portion of the loan to equity and/or restructure th e loan. Based upon this proposal, our Investment Manager believes that we may potentially not be able to recover approximately $6,400,000 to $22,300,000 of the outstanding balance due from JAC as of June 30, 2015. During the three months ended June 30, 201 5, we recognized a credit loss of $15,921,795, which our Investment Manager believes is the most likely outcome based on ongoing negotiations. An additional credit loss may be recorded in future periods if a restructuring plan is not agreed upon or if an a greed upon plan results in less of a recovery from our current estimate. During the three months ended June 30, 2015, we placed the loan on non-accrual status and no finance income was recognized. For the three months ended June 30, 2014, we recognized fin ance income of $824,793. For the six months ended June 30, 2015 and 2014, we recognized finance income of $984,108 and $1,630,678, respectively. As of June 30, 2015 and December 31, 2014, the net investment in note receivable related to JAC was $15,702, 322 and $31,976,805, respectively. On January 30, 2015, Superior Tube Company, Inc. and Tubes Holdco Limited (collectively, “Superior”) satis fied 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. On May 7 and July 15, 2015, NARL Marketing Inc. and certain of its affiliates (collectively, “NARL”) made partial prepayments on its secured term loan of $206 ,818 and $1,574,199 , respectively, pursuant to the excess cash sweep provision of the loan agreement. On August 6, 2015, NARL satisfied its obligations in full by making a prepayment of $1,079,963 , comprised of all outstanding principal an d unpaid interest. No significant income or loss was recognized as a result of these transactions. Credit loss allowance activities for the three months ended June 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of March 31, 2015 $ 6,789,885 Provisions 16,888,096 Write-offs, net of recoveries (7,756,186) Allowance for credit loss as of June 30, 2015 $ 15,921,795 Credit loss allowance activities for the three months ended June 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of March 31, 2014 $ 6,697,597 Provisions 78,216 Write-offs, net of recoveries - Allowance for credit loss as of June 30, 2014 $ 6,775,813 Credit loss allowance activities for the six months ended June 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2014 $ 5,701,892 Provisions 17,976,089 Write-offs, net of recoveries (7,756,186) Allowance for credit loss as of June 30, 2015 $ 15,921,795 Credit loss allowance activities for the six months ended June 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2013 $ 5,902,598 Provisions 873,215 Write-offs, net of recoveries - Allowance for credit loss as of June 30, 2014 $ 6,775,813

Net Investment in Finance Lease

Net Investment in Finance Leases	6 Months Ended
	Jun. 30, 2015
Net Investment in Finance Leases [Abstract]
Net Investment in Finance Leases	(4 ) Net Investment in Finance Leases As of June 30 , 2015 and December 31, 2014 , we had net investment in finance leases on non-accrual status of $ 114,534,966 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: June 30, 2015 December 31, 2014 Minimum rents receivable (1) $ 162,249,670 $ 167,319,170 Initial direct costs 1,075,164 1,262,792 Unearned income (34,135,640) (37,929,691) 129,189,194 130,652,271 Credit loss reserve (2) (14,654,228) (12,646,486) Net investment in finance leases $ 114,534,966 $ 118,005,785 (1) As of June 30, 2015 and December 31, 2014, the total minimum rents receivable related to our impaired finance leases of $82,903,600 and $84,400,600, respectively, was related to the Amazing and the Fantastic (discussed below). (2) As of June 30, 2015 and December 31, 2014, the credit loss reserve of $14,654,228 and $12,646,486, respectively, was related to the Amazing and the Fantastic. On September 29, 2010, we purchased two supramax bulk carrier vessels, the Amazing and the Fantastic, from wholly-owned subsidiaries of Geden Holdings Ltd. (“ Geden ”) for an aggregate purchase price of $67,000,000. Simultaneously, the vessels were bareboat chartered to the Geden subsidiaries for a period of seven years. The purchase price for the vessels was funded by $23,450,000 in cash and $43,550,000 in non-recou rse long-term debt. On June 21, 2011, we purchased a crude oil tanker, the Center. The tanker was acquired for $16,000,000 in cash, $44,000,000 of financing through non-recourse long-term debt and $9,000,000 of financing through a subordinated, non-inter est-bearing seller’s credit. The tanker was simultaneously bareboat chartered to Center Navigation Ltd., a wholly-owned subsidiary of Geden , for a period of five years. As a result of the depressed shipping market and historically low time charter rates, the subsidiaries of Geden had only partially satisfied their lease payment obligations related to the three vessels and as a result, the leases were placed on a non-accrual status during the three months ended June 30, 2013. Since then, our Investment Man ager and Geden have negotiated amendments to the leases, which, among other things, include restructuring the payment terms. Although the amendments have not yet been executed by the parties, Geden made lease payments to us in accordance with the proposed restructured terms during the year ended December 31, 2014. Subsequent to December 31, 2014, Geden has only been making partial lease payments based upon the proposed restructured terms on the Amazing and the Fantastic due to the continued decline in chart er rates associated with supramax bulk carrier vessels. As a result, our Investment Manager believes that Geden may be unable to fully satisfy its remaining lease payment obligations and fulfill its purchase obligations at lease expiration on September 30, 2017 relating to the Amazing and the Fantastic. Based upon this assessment, we recorded a credit loss reserve of $12,646,486 as of December 31, 2014 based on the expected undiscounted cash flows comprised of the estimated lease payments to be collected fr om Geden over the remaining terms of the leases and the expected fair value of the vessels at lease expiration should the purchase obligations not be satisfied. Critical assumptions used in the analysis included a 2.5-year moving average of inflation-adjus ted vessel values and charter rates . Subsequent ly , on a quarterly basis, we update our analysis of the remaining expected undiscounted cash flows by updating the moving average of inflation-adjusted vessel values and charter rates for a period that represe nts the remaining lease term s. We also consider the actual lease payments received for the Amazing and the Fantastic for each reporting period. As a result, we recorded an additional credit loss of $1,035,094 and $2,007,742 for the three and six months en ded June 30, 2015, respectively. 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 ad ditional 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. Subsequently, as collectability of remain ing 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 June 30, 2015 and 2014, we recognized finance income of $0 and $ 50 9,226, respectively, related to the Amazing and the Fantastic. For the six months ended June 30, 2015 and 2014, we recognized finance income of $0 and $ 1,013,238, respectively, related to the Amazing and the Fantastic. As of June 30, 2015 and December 31, 2014, net investment in finance leases totaling $46,460,144 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 Gede n 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 June 30, 2015 and December 31, 2014 due to the current fixed employment of the vessel and prevailing market conditions. As part of this assessment, our Investment Manager considered charter rates for crude oil tankers, which have increased from prior periods, and the expected fair value of the vessel at lease expiration should t he purchase obligation not be satisfied. We continue to account for the lease on a non-accrual basis and finance income is recognized on a cash basis. For the three months ended June 30 , 2015 and 2014, we recognized finance income of $ 1,924,358 and $ 657,91 7 , respectively, related to the Center. For the six months ended June 30 , 2015 and 2014, we recognized finance income of $ 3,606,423 and $ 1,302,134 , respectively, related to the Center . As of June 30 , 2015 and December 31, 2014, net investment in finance leases totaling $68, 074,822 and $68,040,899, respectively, was related to the Center.

Leased Equipment at Cost

Leased Equipment at Cost	6 Months Ended
	Jun. 30, 2015
Leased Equipment at Cost [Abstract]
Leased Equipment at Cost	(5 ) Leased Equipment at Cost Leased equipment at cost consisted of the following: June 30, 2015 December 31, 2014 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 46,277,386 41,069,511 Leased equipment at cost, less accumulated depreciation $ 117,543,064 $ 122,750,939 Depreciation expense was $ 2,602,077 and $ 2,613,997 for the three months ended June 30, 2015 and 2014 , respectively. Depreciation expense was $ 5,207,875 and $ 6,456,485 for the six months ended June 30, 2015 and 2014 , respectively.

Investments in Joint Ventures

Investments in Joint Ventures	6 Months Ended
	Jun. 30, 2015
Investments in Joint Ventures [Abstract]
Investments in Joint Ventures	(6 ) Investment in Joint Ventures A joint venture owned 38% by us, 58% by ICON ECI Fund Fifteen, L.P. (“Fund Fifteen”) and 4% by ICON ECI Partners L.P. (“ECI Partners”) , each an entity also managed by our Investment Manager, owned onshore oil field services equipment that was previously on lease to Go Frac , LLC (“Go Frac ”). During the fourth quarter of 2014, declining energy prices negatively impacted Go Frac’s financial performance resulting in its failure to satisfy its lease pa yment obligations to the joint venture in February 2015. In early February 2015, our Investment Manager was informed that Go Frac was ceasing its operations. During the fourth quarter of 2014, the joint venture recognized an impairment charge of approximat ely $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 c ost 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. On May 14, 2015, the equipment was sold at an auction for $5, 542,000. After deducting selling costs of approximately $539,000, the joint venture recognized a gain on sale of assets of approximately $983,000. In addition, as a result of Go Frac’s default on the lease and the joint venture ’ s repossession and ultimate sale of the equipment, the joint venture recognized addi tional rental income of approximately $2,639,000, primarily due to the extinguishment of the joint venture ’ s obligation to return a security deposit to Go Frac pursuant to the terms of the lease. Income generated by the joint venture for the three months en ded June 30, 2015, which was primarily a result of the gain on sale of assets and additional rental income, was not al located to us as such income did not exceed the net losses previously not recognized by us. However, we recognized income of $269,965 duri ng the three months ended June 30, 2015, which represents our share of the net proceeds received by the joint venture from its sale of the equipment after repayment of the non-recourse long-term debt related to such equipment.

Non-Recourse Long-Term Debt

Non-Recourse Long-Term Debt	6 Months Ended
	Jun. 30, 2015
Non-Recourse Long-Term Debt [Abstract]
Non-Recourse Long-Term Debt	(7 ) Non-Recourse Long-Term Debt As of June 30, 2015 and December 31, 2014 , we had non-recourse long-term debt obligations of $ 138,926,273 and $ 152,903,523 , respectively. As of June 30, 2015 , our non-recourse long-term debt obligations had maturity dates ranging from June 21, 2016 to March 29, 2021, and interest rates ranging from 4.1 24 % to 12% per year, some of which a re fixed after giving effect to our interest rate swap agreements. All of our non-recourse long-term debt obligations consist of notes payable in which the lender has a security interest in the underlying assets. If the borrower were to default on the underlying lease or loan, resulting in our default on the non-recourse long-t erm debt, the assets could be foreclosed upon and the proceeds would be remitted to the lender in extinguishment of that debt. As of June 30, 2015 and December 31, 2014, the total carrying value of assets subject to non-recourse long - term debt was $ 230,900 ,126 and $239,452,768, respectively , of which $ 114,534,966 and $118,005,785, respectively, was related to non-performi ng assets associated with Geden . We , thr ough certain subsidiaries of our joint venture with Fund Twelve, borrowed $128,000,000 (the “Seni or 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 n on-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 provis ion in the Senior Debt loan agreement restrict ed our ability to utilize cash generated by the charter s of the AET Vessels as of January 12, 2012 for purposes oth er than paying the Senior Debt. Charter payments in excess of the Senior Debt 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 Mar ch 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 asso ciated 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 V ermont 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 June 30 , 2 015 and December 31, 2014, the Sub Debt balance was $6,214,283 and $11,319,371, respectively. We are currently in compliance with all covenants related to the Sub Debt. At June 30, 2015 and December 31, 2014, $ 1,000,000 and $5,417, 126, respectively, was included in restricted cash. The restricted cash amount as of June 30, 2015 represents the minimum cash requirement under the Senior Debt loan agreement . As of June 30, 2015, we were in technical default of the Senior Debt loan agreement. We are in the process of curing such technical default . The Senior Debt lender has reserved, but not exercised, its rights 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 In terbank Offered Rate (“LIBOR”) plus 3.85% as part of the original agreement. During 2015, due to a change in the fair market value of t he Amazing and the Fantastic, we were in non-compliance with a financial covenant. On July 8, 2015, we amended the non-recourse long-term debt agreement associated with the Amazing and the Fantastic to provide an additional guarantee of up to $2.5 million for each vessel to cover for any debt balance shortfall, and to revise certain financial covenants. We are currentl y in compliance with all covenants related to the non-recourse long-term debt associated with the Amazing and the Fantastic. As of June 30 , 2015, we were in compliance with all covenants related to our non-recourse long- term debt, except for the non-comp liance discussed above.

Revolving Line of Credit, Recou

Revolving Line of Credit, Recourse	6 Months Ended
	Jun. 30, 2015
Revolving Line of Credit, Recourse [Abstract]
Revolving Line Of Credit, Recourse [Text Block]	(8 ) Revolving Line of Credit, Recourse On March 31, 2015, we extended our revolving line of credit (the “Facility”) with California Bank & Trust (“CB&T”) through May 30, 2017 and the amount available under the Facility was revised to $12,500,000. As part of such amendment, we paid debt financing costs of $47,500. The Facility is secured by all of our assets not su bject to a first priority lien. Amounts available under the Facility are subject to a borrowing base that is determined, subject to certain limitations, by the present value of the future receivables under certain loans and lease agreements in which we have a beneficial interest. The interest rate for general advances under the Facility is CB&T’s prime rate. We may elect to designate up to five advances on the outstanding principal balance of the Facility to bear interest at LIBOR plus 2.5% per year. In all instances, borrowings under the Facility are subject to an interest rate floor of 4.0% per year. In addition, we ar e obligated to pay an annualized 0.5% fee on unused commitments unde r the Facility. At June 30, 2015 , there were no obligations outstanding under the Facility and we were in compliance with all covenants related to the Facility. At June 30, 2015 , we had $ 4,397,808 available under the Facility pursuant to the borrowing base.

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2015
Transactions with Related Parties [Abstract]
Transactions with Related Parties	(9 ) Transactions with Related Parties We paid distributions to our General Partner of $ 52,275 and $ 104,550 for the three and six months ended June 30, 2015 , respectively. We paid distributions to our General Partner of $ 52,275 and $ 104,552 for the three and six months ended June 30, 2014 , respectively. Additionally, our General Partner’s interest in the net loss attributable to us was $ 111,595 and $ 114,207 for the three and six months ended June 30, 2015 , respectively. 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 , re spectively. 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 2015 2014 2015 2014 ICON Capital, LLC Investment Manager Acquisition fees (1) $ - $ 333,125 $ - $ 558,223 ICON Capital, LLC Investment Manager Management fees (2) 341,929 981,129 1,057,873 1,423,677 ICON Capital, LLC Investment Administrative Manager expense reimbursements (2) 377,840 399,353 703,398 812,310 $ 719,769 $ 1,713,607 $ 1,761,271 $ 2,794,210 (1) Amount capitalized and amortized to operations. (2) Amount charged directly to operations. At June 30 , 2015 and December 31, 2014, we had a net payable of $ 249,493 and $ 826,285 , respectively, due to our General Partner and affiliates. At June 30 , 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 was also related to administrative expense reimbursements due to our Investment Manager. At June 30, 2015 and December 31, 2014 , we had a note receivable from a joint venture of approximately $ 2,627,000 and $ 2,609,000 , respectively, and accrued interest of approximately $ 28,000 and $ 30,000 , respectively . The accrued interest is included in other assets on our consolidated balance sheets. For the three and six months ended June 30, 2015 , interest income relating to the note receivable from the joint venture of approximately $10 3,000 and $20 4,000 , respectively, was recognized and included in finance income on our consolidated statements of operations. For the three and six months ended June 30, 2014 , interest income relating to the note receivable from the joint venture of approximately $10 2,000 and $20 2,000 , respectively, was recognized and included in finance income on our consolidated statements of operations.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	(10 ) Derivative Financial Instruments We may enter into derivative financial instruments for purposes of hedging specific financial exposures, including movements in foreign currency exchange rates and changes in interest rates on our non-recourse long-term debt. We enter into these instruments only for hedging underlying exposures. We do not hold or issue derivative financial instruments for purposes other than hedging, except for warrants, which are not hedges. Certain derivatives ma y not meet the established criteria to be designated as qualifying accounting hedges, even though we believe that these are effective economic hedges. We recognize all derivative financial instruments as either assets or liabilities on our consolidated ba lance sheets and measure those instruments at fair value. Changes in the fair value of such instruments are recognized immediately in earnings unless certain criteria are met. These criteria demonstrate that the derivative is expected to be highly effectiv e at offsetting changes in the fair value or expected cash flows of the underlying exposure at both the inception of the hedging relationship and on an ongoing basis and include an evaluation of the counterparty risk and the impact, if any, on the effectiv eness of the derivative. If these criteria are met, which we must document and assess at inception and on an ongoing basis, we recognize the changes in fair value of such instruments in accumulated other comprehensive income (loss), a component of equity o n our consolidated balance sheets. Changes in the fair value of the ineffective portion of all derivatives are recognized immediately in earnings. U.S. GAAP and relevant International Swaps and Derivatives Association, Inc. agreements permit a reporting e ntity that is a party to a master netting agreement to offset fair value amounts recognized for derivative instruments that have been offset under the same master netting agreement. We elected to present the fair value of derivative contracts on a gross ba sis on our consolidated balance sheets. Interest Rate Risk Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements on our variable non-recourse debt. Our strategy to accomplish these objectives is to match the projected future cash flows with the underlying debt service. Each interest rate swap involves the receipt of floating-rate interest payments from a counterparty in exchange for us making fixed-rate interest pay ments over the life of the agreement without exchange of the underlying notional amount. Counterparty Risk We manage exposure to possible defaults on derivative financial instruments by monitoring the concentration of risk that we have with any individua l bank and through the use of minimum credit quality standards for all counterparties. We do not require collateral or other security in relation to derivative financial instruments. Since it is our policy to enter into derivative contracts only with banks of internationally acknowledged standing and the fair value of our derivatives is in a liability position , we consider the counterparty risk to be remote. Credit Risk Derivative contracts may contain credit-risk related contingent features that can trigger a termination event, such as maintaining specified financial ratios. In the event that we would be required to settle our obligations under the derivative contracts as of June 30, 2015 and December 31, 2014 , the termination value would be $ 4,941,039 and $5,661,617 , respectively. Non-designated Derivatives As of June 30, 2015 and December 31, 2014 , we had three interest rate swaps with DVB Bank SE that are not designated and not qualifying as cash flow hedges with an ag gregate notional amount of $ 103,140,000 and $109,210,000, respectively. These interest rate swaps are not speculative and are used to meet our objectives in using interest rate derivatives to add stability to interest expense and to manage our exposure to interest rate movements . Additionally, we held warrants for purposes other than hedging. On July 21, 2014, we exercised all of such warrants for cash consideration. All changes in the fair value of the interest rate swaps not designated as hedges are, and the warrants we re , recorded directly in earnings, which is included in loss 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, 2015 and December 31, 2014 : Liability Derivatives June 30, 2015 December 31, 2014 Balance Sheet Location Fair Value Fair Value Derivatives not designated as hedging instruments: Interest rate swaps Derivative financial instruments $ 4,735,550 $ 5,379,474 Our derivative financial instruments not designated as hedging instruments generated a (gain) loss on derivative financial instruments on our consolidated statements of operations for the three months ended June 30, 2015 and 2014 of $ ( 146,762 ) and $ 906,994 , respectively. The gain recorded for the three months ended June 30, 2015 was related to interest rate swap contracts. 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 . Our derivative financial instruments not designated as hedging instruments generated a loss on derivative financial instruments on our consolidated statements of operations for the six months ended June 30, 2015 and 2014 of $ 805,026 and $ 1,568,344 , respectiv ely. The loss recorded for the six months ended June 30, 2015 was related to interest rate swap contracts. 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 . These amounts were recorded as a component of (gain) loss on derivative financia l instruments on our consolidated statements of operations.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	(10) Fair Value Measurements Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: ● Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. ● Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. ● Level 3: Pricing inputs that are generally unobservable and are supported by little or no market data. Financial Liabilities Measured on a Recurring Basis Financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our Investment Manager’s assessment, on our behalf, of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of the liabilities being measured and their placement within the fair value hierarchy. The following table summa rizes the valuation of our financial liabilities measured at fair value on a recurring basis as of June 30, 2015 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 4,735,550 $ - $ 4,735,550 The following table summarizes the valuati on of our financial liabilities measured at fair value on a recurring basis as of December 31, 2014 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 5,379,474 $ - $ 5,379,474 Our derivative financial instruments, including interest rate swaps, are valued using models based on readily observable market parameters for all substantial terms of our derivative financial instruments and are classified within Level 2. In accordance with U.S. GAAP , we use market prices and pricing models for fair value measurements of our derivative financial instruments. Interest Rate Swaps We utilize a model that incorporates common market pricing methods as well as underlying characteristics of t he particular swap contract . Interest rate swaps are modeled by incorporating such inputs as the term to maturity, LIBOR swap curves, Overnight Index Swap curves and the payment rate on the fixed portion of the interest rate swap. Such inputs are classifie d within Level 2. Thereafte r, we compare third party quotations received to our own estimate of fair value to evaluate for reasonableness. The fair value of the interest rate swaps was recorded in derivative financial instruments within our consolidated ba lance sheets. Assets Measured at Fair Value on a Nonrecurring Basis We are required, on a nonrecurring basis, to adjust the carrying value or provide valuation allowances for certain assets using fair value measurements. 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 va lue 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 June 30, 2015 : Credit loss for the Carrying Value at Fair Value at Impairment Date Six Months Ended June 30, 2015 Level 1 Level 2 Level 3 June 30, 2015 Net investment in note receivable $ 806,924 $ - $ - $ 806,924 $ 2,092,154 Our collateral dependent note receivable related to VAS was valued using inputs that are generally unobservable and are supported by little or no market data and are classified within Level 3. For the credit loss of $1,087,993 recorded during the three months ended March 31, 2015, the collateral dependent note receivable related to VAS was valued based primarily on the liquidation value of the collateral provided by an independent third-party appraiser. In July 2015, we sold all of our interest in the note receivable to a third party (see Note 3). Assets and Liabilities for which Fair Value is Disclosed Certain of our financial assets and liabilities, which include fixed-rate notes receivable, fixed-rate non-recourse long-term debt, and seller’s credit included in accrued expenses and other liabilities on our consolidated balance sheets, in which fair value is required to be disclosed, were valued using inputs that are generally unobservable and supported by little or no market data and are therefore classified within Level 3. Under U.S. GAAP , we use projected cash flows for fair value measurements of these financial assets and liabilities. Fair value information with respect to certain of our other assets and liabilities is not separately provided since ( i ) U.S. GAAP does not require fair val ue disclosures of lease arrangements and (ii) the carrying value of financial assets and liabilities, other than lease-related investments, approximates fair value due to their short-term maturities and/or variable interest rates. The estimated fair value of our fixed-rate notes receivable was based on the discounted value of future cash flows related to the loans at inception, adjusted for changes in certain variables, including, but not limited to, credit quality, industry, financial markets and other re cent comparables. The estimated fair value of our fixed-rate non-recourse long-term debt and the seller’s credit was based on the discounted value of future cash flows related to the debt and seller’s credit based on a discount rate derived from the margin at inception, adjusted for material changes in risk, plus the applicable fixed rate based on the current interest rate curve. The fair value of the p rincipal outstanding on fixed-rate notes receivable was derived using discount rates ranging between 7 . 66 % and 1 7.09 % per year a s of June 30, 2015. The fair value of the p rincipal outstanding on fixed-rate non-recourse long-term debt and the seller’s credit was derived using discount rates ranging between 3.98% and 10.18% per year as of June 30, 2015. June 30, 2015 Fair Value Carrying Value (Level 3) Principal outstanding on fixed-rate notes receivable $ 35,447,038 $ 26,772,578 Principal outstanding on fixed-rate non-recourse long-term debt $ 9,831,670 $ 9,711,954 Seller's credit $ 8,537,742 $ 8,652,271

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies Disclosure [Text Block]	(12 ) Commitments and Contingencies At the time we acquire or divest of our interest in Capital Assets , we may, under very limited circumstances, agree to indemnify the seller or buyer for speci fic contingent liabilities. Our General Partner believes that any liability of ours that may arise as a result of any such indemnification obligations will not have a material adverse effect on our consolidated fi nancial condition or results of operations taken as a whole . In connectio n with certain debt obligations , we are required to maintain restricted cash balances with certain banks. At June 30, 2015 , we had restricted cash of $ 3,150,000 .

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2015
Subsequent Event [Abstract]
Subsequent Events [Text Block]	(13 ) Subsequent Event s On July 10, 2015, a joi nt venture owned 40% by us, 5 0% by Fund F ifteen and 10% by I CON ECI Fund Sixteen (“Fund Sixteen”), an entity also managed by our Investment Manager, purchased auxiliary support equipment and robots used in the pr oduction of certain automobiles for approximately $9,934,000, which were simultaneously leased to Challenge Mfg. Company , LLC and certain of its affiliates (collectively, “Challenge”) for 60 months. On August 12, 2015, we entered int o an asset purchase agreement with ABC Bus Inc. (“ABC Bus”) to sell 23 buses that are currently on lease to CAM Leasing, LLC (“CAM Leasing”) for $4,025,000 , which we expect to be completed by August 30, 2015. No significant gain or loss is expected from th e s e transaction s .

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Credit Quality of Notes Receivable	Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve Our Investment Manager monitors the ongoing credit quality of our financing receivables by ( i ) reviewing and analyzing a borrower’s financial performance on a regular basis, including review of financial statements received on a monthly, quarterly or annual basis as prescribed in the loan or lease agreement, (ii) tracking the relevant credit metrics of each financing receivable and a borrower’s compliance with financial and no n-financial covenants, (iii) monitoring a borrower’s payment history and public credit rating, if available, and (iv) assessing our exposure based on the current investment mix. As part of the monitoring process, our Investment Manager may physically inspe ct the collateral or a borrower’s facility and meet with a borrower’s management to better understand such borrower’s financial performance and its future plans on an as-needed basis. As our financing receivables, generally notes receivable and finance leases, are limited in number, our Investment Manager is able to estimate the credit loss reserve based on a detailed analysis of each financing receivable as opposed to using portfolio-based metrics. Our Investment Manager does not use a system of assigni ng internal risk ratings to each of our financing receivables. Rather, each financing receivable is analyzed quarterly and categorized as either performing or non-performing based on certain factors including, but not limited to, financial results, satisfy ing scheduled payments and compliance with financial covenants. A financing receivable is usually categorized as non-performing only when a borrower experiences financial difficulties and has failed to make scheduled payments. Our Investment Manager then a nalyzes whether the financing receivable should be placed on a non-accrual status, a credit loss reserve should be established or the financing receivable should be restructured. As part of the assessment, updated collateral value is usually considered and such collateral value can be based on a third party industry expert appraisal or, depending on the type of collateral and accessibility to relevant published guides or market sales data, internally derived fair value. Material events would be specifically disclosed in the discussion of each financing receivable held. Financing receivables are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, our Investment Manager periodically reviews the creditworthine ss of companies with payments outstanding less than 90 days and based upon our Investment Manager’s judgment, these accounts may be placed in a non-accrual status. In accordance with the cost recovery method, payments received on non-accrual financing rec eivables are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual financing receivables is not in doubt, interest income is recognized on a cash basis. Financing receivable s in non-accrual status may not be restored to accrual status until all delinquent payments have been received, and we believe recovery of the remaining unpaid receivable is probable. When our Investment Manager deems it is probable that we will not be a ble to collect all contractual principal and interest on a non-performing financing receivable, we perform an analysis to determine if a credit loss reserve is necessary. This analysis considers the estimated cash flows from the financing receivable, and/o r the collateral value of the asset underlying the financing receivable when financing receivable repayment is collateral dependent. If it is determined that the impaired value of the non-performing financing receivable is less than the net carrying value, we will recognize a credit loss reserve or adjust the existing credit loss reserve with a corresponding charge to earnings. We then charge off a financing receivable in the period that it is deemed uncollectible by reducing the credit loss reserve and th e balance of the financing receivable.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation Our accompanying conso lidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Quarterly Reports on Form 10-Q. In the opinion of our G eneral P artner , all adjustments, which are of a normal recurring nature, consi dered 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. This new revenue standard may be applied retrospectively to each prior period presented, or retrospectively with the cumulative effect recognized as of the date of the adoption. In July 2015, FASB officially deferred implementation of ASU 2014-09 by one year. Under such deferral, the adoption of ASU 2014-09 becomes effective for us on January 1, 2018, including interim p eriods within that reporting period. Early adoption is permitted, but not before our original effective date of January 1, 2017. We are currently in the process of evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statement s. 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 responsi bility 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, an d 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 interi m 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 – Amendment s 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 c onsolidate 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 f or 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 I nteres t (“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 t he 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 six months ended June 30, 2015 and 2014, the predominant cash outflows from restricted cash w ere related to the release of previousl y 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-recou rse 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 Recei21

Net Investment in Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2015
Net Investment in Notes Receivable [Abstract]
Net Investments in Notes Receivable	Net investment in notes receivable consisted of the following: June 30, 2015 December 31, 2014 Principal outstanding (1) $ 47,136,158 $ 65,959,899 Initial direct costs 2,866,202 3,397,823 Deferred fees (941,301) (923,855) Credit loss reserve (2) (15,921,795) (5,701,892) Net investment in notes receivable (3) $ 33,139,264 $ 62,731,975 (1) As of June 30, 2015, total principal outstanding related to our impaired loans was $30,825,506, of which $30,018,582 was related to JAC (defined below) and $806,924 was related to VAS (defined below). As of December 31, 2014, total principal outstanding related to our impaired loans was $8,600,970, of which $4,795,035 was related to VAS and $3,805,935 was related to Western Drilling (defined below). (2) As of June 30, 2015, the credit loss reserve of $15,921,795 was related to JAC. As of December 31, 2014, the credit loss reserve was $5,701,892, of which $1,895,957 was related to VAS and $3,805,935 was related to Western Drilling. (3) As of June 30, 2015 and December 31, 2014, net investment in notes receivable related to our impaired loans was $16,509,246 and $2,899,078, respectively.
Allowance For Credit Losses On Financing Receivables [Table Text Block]	Credit loss allowance activities for the three months ended June 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of March 31, 2015 $ 6,789,885 Provisions 16,888,096 Write-offs, net of recoveries (7,756,186) Allowance for credit loss as of June 30, 2015 $ 15,921,795 Credit loss allowance activities for the three months ended June 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of March 31, 2014 $ 6,697,597 Provisions 78,216 Write-offs, net of recoveries - Allowance for credit loss as of June 30, 2014 $ 6,775,813 Credit loss allowance activities for the six months ended June 30, 2015 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2014 $ 5,701,892 Provisions 17,976,089 Write-offs, net of recoveries (7,756,186) Allowance for credit loss as of June 30, 2015 $ 15,921,795 Credit loss allowance activities for the six months ended June 30, 2014 were as follows: Credit Loss Allowance Allowance for credit loss as of December 31, 2013 $ 5,902,598 Provisions 873,215 Write-offs, net of recoveries - Allowance for credit loss as of June 30, 2014 $ 6,775,813

Net Investment in Finance Lea22

Net Investment in Finance Leases (Tables)	6 Months Ended
	Jun. 30, 2015
Net Investment in Finance Leases [Abstract]
Net investment in finance leases	Net investment in finance leases consisted of the following: June 30, 2015 December 31, 2014 Minimum rents receivable (1) $ 162,249,670 $ 167,319,170 Initial direct costs 1,075,164 1,262,792 Unearned income (34,135,640) (37,929,691) 129,189,194 130,652,271 Credit loss reserve (2) (14,654,228) (12,646,486) Net investment in finance leases $ 114,534,966 $ 118,005,785 (1) As of June 30, 2015 and December 31, 2014, the total minimum rents receivable related to our impaired finance leases of $82,903,600 and $84,400,600, respectively, was related to the Amazing and the Fantastic (discussed below). (2) As of June 30, 2015 and December 31, 2014, the credit loss reserve of $14,654,228 and $12,646,486, respectively, was related to the Amazing and the Fantastic.

Leased Equipment at Cost (Table

Leased Equipment at Cost (Tables)	6 Months Ended
	Jun. 30, 2015
Leased Equipment at Cost [Abstract]
Leased equipment at cost	Leased equipment at cost consisted of the following: June 30, 2015 December 31, 2014 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 46,277,386 41,069,511 Leased equipment at cost, less accumulated depreciation $ 117,543,064 $ 122,750,939

Transactions with Related Par24

Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2015
Transactions with Related Parties [Abstract]
Fees And Expenses Paid Or Accrued [Table Text Block]	Fees and other expenses incurred by us to our General Partner or its affiliates were as follows: Three Months Ended June 30, Six Months Ended June 30, Entity Capacity Description 2015 2014 2015 2014 ICON Capital, LLC Investment Manager Acquisition fees (1) $ - $ 333,125 $ - $ 558,223 ICON Capital, LLC Investment Manager Management fees (2) 341,929 981,129 1,057,873 1,423,677 ICON Capital, LLC Investment Administrative Manager expense reimbursements (2) 377,840 399,353 703,398 812,310 $ 719,769 $ 1,713,607 $ 1,761,271 $ 2,794,210 (1) Amount capitalized and amortized to operations. (2) Amount charged directly to operations.

Derivative Financial Instrume25

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments In Consolidated Balance Sheets	The table below presents the fair value of our derivative financial instruments as well as their classification within our consolidated balance sheets as of June 30, 2015 and December 31, 2014 : Liability Derivatives June 30, 2015 December 31, 2014 Balance Sheet Location Fair Value Fair Value Derivatives not designated as hedging instruments: Interest rate swaps Derivative financial instruments $ 4,735,550 $ 5,379,474

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 va lue 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 June 30, 2015 : Credit loss for the Carrying Value at Fair Value at Impairment Date Six Months Ended June 30, 2015 Level 1 Level 2 Level 3 June 30, 2015 Net investment in note receivable $ 806,924 $ - $ - $ 806,924 $ 2,092,154
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis [Table Text Block]	The following table summa rizes the valuation of our financial liabilities measured at fair value on a recurring basis as of June 30, 2015 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 4,735,550 $ - $ 4,735,550 The following table summarizes the valuati on of our financial liabilities measured at fair value on a recurring basis as of December 31, 2014 : Level 1 Level 2 Level 3 Total Liabilities: Interest rate swaps $ - $ 5,379,474 $ - $ 5,379,474
Fair Value By Balance Sheet Grouping [Text Block]	June 30, 2015 Fair Value Carrying Value (Level 3) Principal outstanding on fixed-rate notes receivable $ 35,447,038 $ 26,772,578 Principal outstanding on fixed-rate non-recourse long-term debt $ 9,831,670 $ 9,711,954 Seller's credit $ 8,537,742 $ 8,652,271

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Period when notes receivable are placed in nonaccrual status	90 days
Days outstanding	90 days

Net Investment in Notes Recei28

Net Investment in Notes Receivable (Details) - USD ($)	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Schedule of Notes Receivable [Abstract]
Principal outstanding	$ 47,136,158		$ 65,959,899
Initial direct costs	2,866,202		3,397,823
Deferred fees	(941,301)		(923,855)
Credit loss reserve	(15,921,795)	$ (6,789,885)	(5,701,892)	$ (6,775,813)	$ (6,697,597)	$ (5,902,598)
Net investment in notes receivable	$ 33,139,264		$ 62,731,975

Net Investmnet in Notes Receiva

Net Investmnet in Notes Receivable (Details- Credit Loss allowance activities) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2014
Financing Receivable Allowance For Credit Losses Roll Forward
Allowance for credit loss	$ 6,789,885	$ 6,697,597	$ 5,701,892	$ 5,902,598
Provisions	16,888,096	78,216	17,976,089	873,215	$ 16,888,096
Write-offs, net of recoveries	7,756,186	0	7,756,186	0	(7,756,186)
Allowance for credit loss	$ 15,921,795	$ 6,775,813	$ 15,921,795	$ 6,775,813	$ 6,775,813

Net Investment in Notes Recei30

Net Investment in Notes Receivable Narratives (Details)	Aug. 06, 2015USD ($)	Jul. 23, 2015USD ($)	Jul. 15, 2015USD ($)	May. 07, 2015USD ($)	Apr. 29, 2015USD ($)	Jan. 30, 2015USD ($)	Jul. 26, 2011USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 22, 2011USD ($)
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net								$ 33,139,264	$ 62,731,975		$ 33,139,264		$ 62,731,975
Financing Receivable, Allowance for Credit Losses								15,921,795	5,701,892	$ 6,775,813	15,921,795	$ 6,775,813	5,701,892	$ 6,775,813	$ 6,789,885	$ 6,697,597	$ 5,902,598
Write-Offs								7,756,186		0	7,756,186	0		$ (7,756,186)
Notes Receivable Net Impaired Loans								16,509,246	2,899,078		16,509,246		2,899,078
Additional Credit Loss Reserve								17,923,190		78,216	19,983,831	873,215
Finance income								2,535,273		2,988,260	6,051,260	6,857,778
Proceeds From Collection Of Notes Receivable											$ 11,067,555	24,331,246
Basis Spread (In Hundreths)											2.50%
Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Net Investments In Notes Receivable Nonaccrual Status								16,509,246	2,899,078		$ 16,509,246		2,899,078
Notes Receivable 90 Days Past Due And Still Accruing								0	0		0		0
Principal Outstanding Impaired Notes Receivable								30,825,506	8,600,970		30,825,506		8,600,970
Finance Leases Financing Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Net Investments In Notes Receivable Nonaccrual Status								114,534,966	118,005,785		114,534,966		118,005,785
Notes Receivable 90 Days Past Due And Still Accruing								0	0		0		0
Financing Receivable, Allowance for Credit Losses								14,654,228	12,646,486		14,654,228		12,646,486
Western Drilling
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses								0	3,805,935		0		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		3,805,935
Principal Outstanding Impaired Notes Receivable									3,805,935				3,805,935
Loans Disbursed							$ 9,465,000
Interest Rate (In Hundreths)							14.00%
Debt Instrument Maturity Date							Sep. 1, 2016
Proceeds From Collection Of Notes Receivable					$ 37,860
VAS Aero Services LLC [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses								0	$ 1,895,957		0		1,895,957
Debt Instrument Maturity Date									Oct. 6, 2014
VAS Aero Services LLC [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Write-Offs								3,988,111
Notes Receivable Sale Of Interest		$ 806,924
Additional Credit Loss Reserve								1,004,161
VAS Aero Services LLC [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net								806,924	$ 2,899,078		806,924		2,899,078
Principal Outstanding Impaired Notes Receivable								806,924	4,795,035		806,924		$ 4,795,035
Finance income										199,679		373,734
VAS Aero Services LLC [Member] | Secured Debt [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Debt Instrument Maturity Date													Oct. 6, 2014
Superior [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Debt Instrument Maturity Date						Sep. 10, 2017
Finance income						$ 123,000
Proceeds From Collection Of Notes Receivable						10,199,000
Prepayment Fee						$ 297,000
JAC [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses								15,921,795			15,921,795
JAC [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Notes Receivable Net								15,702,322	$ 31,976,805		15,702,322		$ 31,976,805
Finance income										$ 824,793	984,108	$ 1,630,678
Orginial Interest Rate															0.125
Face amount of loans funded																		$ 20,124,000
Interest Rate including default interest															0.155
Equity Method Investment Ownership Percentage																		75.00%
JAC [Member] | Notes Receivable [Member] | ICON Leasing Fund Twelve, LLC [Member]
Accounts Notes And Loans Receivable [Line Items]
Equity Method Investment Ownership Percentage																		25.00%
JAC [Member] | Notes Receivable [Member] | Minimum [Member]
Accounts Notes And Loans Receivable [Line Items]
Estimated additional losses											6,400,000
JAC [Member] | Notes Receivable [Member] | Maximum [Member]
Accounts Notes And Loans Receivable [Line Items]
Estimated additional losses											22,300,000
JAC [Member] | Secured Debt [Member]
Accounts Notes And Loans Receivable [Line Items]
Principal Outstanding Impaired Notes Receivable								$ 30,018,582			$ 30,018,582
NARL Marketing [Member] | Notes Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Proceeds From Collection Of Notes Receivable	$ 1,079,963		$ 1,574,199	$ 206,818

Net Investment in Finance Lea31

Net Investment in Finance Leases (Details) - USD ($)	Sep. 29, 2010	Jun. 21, 2011	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Additional Credit Loss Reserve			$ 17,923,190	$ 78,216	$ 19,983,831	$ 873,215
Finance income			2,535,273	2,988,260	6,051,260	6,857,778
Capital Leases Net Investment In Direct Financing Leases Abstract
Minimum rents receivable			162,249,670		162,249,670			$ 167,319,170
Estimated residual value			0		0			0
Initial direct costs			1,075,164		1,075,164			1,262,792
Unearned income			(34,135,640)		(34,135,640)			(37,929,691)
Capital Leases Gross Investment In Direct Financing Leases			129,189,194		129,189,194			130,652,271
Net investment in finance leases			114,534,966		114,534,966			118,005,785
Credit loss reserve			(15,921,795)	(6,775,813)	(15,921,795)	(6,775,813)	$ (6,789,885)	(5,701,892)	$ (6,697,597)	$ (5,902,598)
Geden Subsidiaries [Member]
Capital Leases Net Investment In Direct Financing Leases Abstract
Net investment in finance leases			46,460,144		46,460,144			49,964,886
Center Navigation Ltd [Member]
Capital Leases Net Investment In Direct Financing Leases Abstract
Net investment in finance leases			68,074,822		68,074,822			68,040,899
Notes Receivable [Member]
Property, Plant and Equipment [Line Items]
Net Investments In Finance Leases Nonaccrual Status			16,509,246		16,509,246			2,899,078
Finance Leases 90 Days Past Due And Still Accruing			0		0			0
Finance Leases Financing Receivable [Member]
Property, Plant and Equipment [Line Items]
Net Investments In Finance Leases Nonaccrual Status			114,534,966		114,534,966			118,005,785
Finance Leases 90 Days Past Due And Still Accruing			0		0			0
Minimum Rents Receivable Related To Impaired Loans			82,903,600		82,903,600			84,400,600
Capital Leases Net Investment In Direct Financing Leases Abstract
Credit loss reserve			(14,654,228)		(14,654,228)			(12,646,486)
Finance Leases Financing Receivable [Member] | Geden Subsidiaries [Member]
Property, Plant and Equipment [Line Items]
Additional Credit Loss Reserve			1,035,094
Finance income			0	509,226	2,007,742	1,013,238
Capital Leases Net Investment In Direct Financing Leases Abstract
Credit loss reserve			(14,654,228)		(14,654,228)			$ (12,646,486)
Finance Leases Financing Receivable [Member] | Center Navigation Ltd [Member]
Property, Plant and Equipment [Line Items]
Finance income			$ 1,924,358	$ 657,917	$ 3,606,423	$ 1,302,134
Supramax Bulk Carrier Vessels [Member] | Geden Subsidiaries [Member]
Property, Plant and Equipment [Line Items]
Equipment Purchased	$ 67,000,000
Equipment Purchase Funded With Cash	23,450,000
Equipment Purchase Funded With Non Recourse Long Term Debt	$ 43,550,000
Lease Term Period	7 years
Crude Oil Tanker [Member] | Center Navigation Ltd [Member]
Property, Plant and Equipment [Line Items]
Equipment Purchase Funded With Cash		$ 16,000,000
Equipment Purchase Funded With Non Recourse Long Term Debt		44,000,000
Equipment Purchase Funded With Subordinated Non Interest Bearing Sellers Credit		$ 9,000,000
Lease Term Period		5 years

Leased Equipment at Cost (Detai

Leased Equipment at Cost (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Leased equipment at cost	$ 163,820,450		$ 163,820,450		$ 163,820,450
Less: accumulated depreciation	46,277,386		46,277,386		41,069,511
Leased equipment, net	117,543,064		117,543,064		122,750,939
Depreciation	2,602,077	$ 2,613,997	5,207,875	$ 6,456,485
Packaging Equipment [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost	6,535,061		6,535,061		6,535,061
Motor Coaches [Member]
Property, Plant and Equipment [Line Items]
Leased equipment at cost	9,384,683		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		$ 147,900,706

Investment In Joint Ventures Na

Investment In Joint Ventures Narratives (Details) - USD ($)	May. 14, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Investments in joint ventures		$ 18,162,418	$ 18,739,125		$ 18,162,418
LLC's Share Of Net Income Loss		$ 775,502		$ 480,419	$ 1,283,945	$ 874,020
Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Asset Impairment Charges			$ 4,026,000
Gain On Lease Termination	$ 2,639,000
Ownership Percentage		38.00%			38.00%
LLC's Share Of Net Income Loss	269,965
Go Frac [Member] | Asset Held For Sale
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Equipment Sold	5,542,000
Equipment Sold Selling Costs	539,000
Gain Loss On Sale Of Property Plant Equipment	$ 983,000
ICON ECI Fund Fifteen LP [Member] | Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage		58.00%			58.00%
ICON ECI Partners LP [Member] | Go Frac [Member]
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Ownership Percentage		4.00%			4.00%

Non-Recourse Long-Term Debt (De

Non-Recourse Long-Term Debt (Details) - USD ($)	Mar. 31, 2015	Sep. 29, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jul. 08, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Non-recourse long term debt				$ 138,926,273			$ 152,903,523
Interest Rate Minimum (In Hundredths)				4.124%
Interest Rate Maximum (In Hundredths)				12.00%
Maturity Date Of Non-Recourse Long Term Debt, Start				Jun. 21, 2016
Maturity Date Of Non-Recourse Long Term Debt, End				Mar. 29, 2021
Carrying Value Of Underlying Assets Securing Non Recourse Debt				$ 230,900,126			239,452,768
Repayment Of Non-Recourse Long-Term Debt				13,977,250	$ 27,180,221
Restricted Cash				$ 3,150,000			7,317,126
Basis Spread (In Hundreths)				2.50%
Geden Subsidiaries [Member]
Debt Instrument [Line Items]
Carrying Value Of Underlying Assets Securing Non Recourse Debt				$ 114,534,966			118,005,785
Center Navigation Ltd [Member]
Debt Instrument [Line Items]
Basis Spread (In Hundreths)		3.85%
Minimum [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt				22,000,000
Subordinated Non-Recourse Long Term Debt [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt				6,214,283			11,319,371
Repayment Of Non-Recourse Long-Term Debt	$ 5,633,000
Restricted Cash				1,000,000			$ 5,417,126
Subordinated Non-Recourse Long Term Debt [Member] | Maximum [Member] | Geden Subsidiaries [Member]
Debt Instrument [Line Items]
Additional guarantee on debt						$ 2,500,000
Senior Debt [Member] | AET Inc Limited [Member]
Debt Instrument [Line Items]
Non-recourse long term debt				$ 128,000,000
Repayment Of Non-Recourse Long-Term Debt			$ 5,680,000

Revolving Line of Credit, Rec35

Revolving Line of Credit, Recourse (Details) - Jun. 30, 2015	USD ($)
Line of Credit Facility [Line Items]
Maximum Borrowing Capacity	$ 12,500,000
Expiration Date	May 30, 2017
Debt Financing Cost	$ 47,500
Debt Instrument Basis Spread On Variable Rate1	2.50%
Commitment Fee (In Hundredths)	0.50%
Available Borrowing Capacity	$ 4,397,808
Number Of Separate Non Prime Rate Advances	5
Minimum [Member]
Line of Credit Facility [Line Items]
Interest Rate Floor (In Hundredths)	4.00%

Transactions with Related Par36

Transactions with Related Parties (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Fees And Commissions Other	$ 719,769		$ 1,713,607	$ 1,761,271	$ 2,794,210
Partners Capital Account Distributions	5,227,505	$ 5,227,505
Net Income Loss Allocated To General Partners	111,595		29,820	114,207	46,872
Due to General Partner and affiliates	249,493			249,493		$ 826,285
Notes Receivable Related Parties	2,627,139			2,627,139		2,609,209
Finance income	2,535,273		2,988,260	6,051,260	6,857,778
ICON Capital, LLC [Member] | Management Fees [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	341,929		981,129	1,057,873	1,423,677
ICON Capital, LLC [Member] | Administrative Expense Reimbursements [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	377,840		399,353	703,398	812,310
ICON Capital, LLC [Member] | Acquisition Fees [Member]
Related Party Transaction [Line Items]
Fees And Commissions Other	0		333,125	0	558,223
General Partner [Member]
Related Party Transaction [Line Items]
Partners Capital Account Distributions	52,275		52,275	104,550	104,552
Net Income Loss Allocated To General Partners	111,595		29,820	114,207	46,872
Due to General Partner and affiliates	249,493			249,493		826,285
Joint Venture [Member]
Related Party Transaction [Line Items]
Notes Receivable Related Parties	2,627,000			2,627,000		2,609,000
Accrued Interest On Note Receivable From Joint Venture	28,000			28,000		$ 30,000
Finance income	$ 103,000		$ 102,000	$ 204,000	$ 202,000

Derivative Financial Instrume37

Derivative Financial Instruments (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)numberofinterestrateswaps	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)numberofinterestrateswaps	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)numberofinterestrateswaps
Derivative [Line Items]
Termination Value Of Derivatives In A Liability Position	$ 4,941,039		$ 4,941,039		$ 5,661,617
Liability Derivatives	4,735,550		4,735,550		$ 5,379,474
Derivative Gain/Loss On Derivative Net	$ 146,762	$ (906,994)	$ (805,026)	$ (1,568,344)
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Gain/Loss On Derivative Net		(906,994)
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Number Of Instruments Held | numberofinterestrateswaps	3		3		3
Derivative Notional Amount	$ 103,140,000		$ 103,140,000		$ 109,210,000
Liability Derivatives	4,735,550		4,735,550		$ 5,379,474
Derivative Gain/Loss On Derivative Net	$ 146,762	(900,750)	$ (805,026)	$ (1,565,153)
Warrant [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Gain/Loss On Derivative Net		$ (6,244)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Notes Receivable Net	$ 33,139,264		$ 33,139,264		$ 62,731,975
Credit loss	17,923,190	$ 78,216	19,983,831	$ 873,215
Carrying Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Principal outstanding on fixed-rate notes receivable	35,447,038		35,447,038
Principal outstanding on fixed-rate non-recourse long-term debt	9,831,670		9,831,670
Seller's credit	8,537,742		$ 8,537,742
Minimum [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate			7.66%
Minimum [Member] | Fixed Rate Non Recourse Long Term Debt And Sellers Credit [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate			3.98%
Maximum [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Discount Rate			17.09%
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	26,772,578		$ 26,772,578
Principal outstanding on fixed-rate non-recourse long-term debt	9,711,954		9,711,954
Seller's credit	8,652,271		8,652,271
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Fair Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Liabilities	4,735,550		4,735,550		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	4,735,550		4,735,550		$ 5,379,474
Fair Value, Measurements, Nonrecurring [Member] | Fixed Rate Notes Receivable [Member]
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Credit loss				$ 2,092,154
Fair Value, Measurements, Nonrecurring [Member] | Carrying Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Notes Receivable Net	806,924		806,924
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value
Financial Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Notes Receivable Net	$ 806,924		$ 806,924

Commitments and Contingencies (

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

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Jul. 10, 2015	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Aug. 12, 2015
Subsequent Event [Line Items]
Proceeds From Collection Of Notes Receivable			$ 11,067,555	$ 24,331,246
Investments In Affiliates Subsidiaries Associates And Joint Ventures		$ 18,739,125	$ 18,162,418
Go Frac [Member]
Subsequent Event [Line Items]
Asset Impairment Charges		$ 4,026,000
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%
Challenge Manufacturing Company [Member]
Subsequent Event [Line Items]
Ownership Percentage	40.00%
Challenge Manufacturing Company [Member] | ICON ECI Fund Fifteen LP [Member]
Subsequent Event [Line Items]
Ownership Percentage	50.00%
Challenge Manufacturing Company [Member] | Icon Eci Fund Sixteen [Member]
Subsequent Event [Line Items]
Ownership Percentage	10.00%
ABC Bus Inc [Member] | Motor Coaches [Member]
Subsequent Event [Line Items]
Sale price of buses					$ 4,025,000
Subsequent Event [Member] | Challenge Manufacturing Company [Member]
Subsequent Event [Line Items]
Equipment Purchased	$ 9,934,000
Lease Term Period	60 months

Uncategorized Items - icoh-2015

Label	Element	Value
Transfer of Portfolio Loans and Leases to Held-for-sale	us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1	$ 11,921,456
Cash And Cash Equivalents At Carrying Value	us-gaap_CashAndCashEquivalentsAtCarryingValue	20,676,119
Gains Losses On Sales Of Assets	us-gaap_GainsLossesOnSalesOfAssets	2,229,898
Profit Loss	us-gaap_ProfitLoss	$ 3,961,482