Icon Eci Fund Fifteen 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 07, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'ICON ECI Fund Fifteen, L.P.	'
Entity Central Index Key	'0001502519	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	197,489
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

Consolidated_Balance_Sheets_un

Consolidated Balance Sheets (unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Assets	'	'
Cash	$24,395,121	$24,297,314
Net investment in notes receivable	70,044,852	80,709,528
Leased equipment at cost (less accumulated depreciation of $21,301,217 and $13,007,968, respectively)	91,995,624	100,288,873
Net investment in finance leases	50,631,194	53,985,543
Investment in joint ventures	22,170,324	13,142,459
Other assets	7,048,453	5,344,488
Total assets	266,285,568	277,768,205
Liabilities:	'	'
Non-recourse long-term debt	85,932,909	96,310,220
Due to General Partner and affiliates, net	2,686,692	2,940,943
Accrued expenses and other liabilities	10,945,425	10,718,057
Total liabilities	99,565,026	109,969,220
Commitments and contingencies (Note 11)	'	'
Partners' equity	'	'
Limited partners	155,569,521	156,859,123
General Partner	-196,367	-183,341
Total partners' equity	155,373,154	156,675,782
Noncontrolling interests	11,347,388	11,123,203
Total equity	166,720,542	167,798,985
Total liabilities and equity	$266,285,568	$277,768,205

Consolidated_Balance_Sheets_un1

Consolidated Balance Sheets (unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Assets	'	'
Leased equipment, accumulated depreciation	$21,301,217	$13,007,968

Consolidated_Statement_of_Oper

Consolidated Statement of Operations (unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue:	'	'	'	'
Finance income	$5,461,488	$3,162,950	$12,653,010	$8,258,748
Rental income	4,582,113	4,579,825	13,746,343	13,416,142
Income from investment in joint ventures	657,562	338,495	1,656,903	503,817
Other income	-266,129	490,698	22,370	569,292
Total revenue	10,435,034	8,571,968	28,078,626	22,747,999
Expenses:	'	'	'	'
Management fees	299,614	446,978	1,209,388	904,846
Administrative expense reimbursements	372,023	1,003,109	1,475,822	3,046,339
General and administrative	316,226	249,192	1,378,755	884,264
Interest	1,267,001	1,258,106	3,897,104	3,537,798
Depreciation	2,764,416	2,763,166	8,293,249	8,076,134
Loss (gain) on prepayment of loan	0	0	0	12,530
Total expenses	5,019,280	5,720,551	16,254,318	16,461,911
Net income	5,415,754	2,851,417	11,824,308	6,286,088
Less: net income attributable to noncontrolling interests	384,491	429,317	1,146,737	1,080,932
Net income attributable to Fund Fifteen	5,031,263	2,422,100	10,677,571	5,205,156
Net income attributable to Fund Fifteen allocable to:	'	'	'	'
Limited partners	4,980,950	2,397,879	10,570,795	5,153,105
General Partner	50,313	24,221	106,776	52,051
Net income attributable to Fund Fifteen	$5,031,263	$2,422,100	$10,677,571	$5,205,156
Weighted average number of limited partnership interests outstanding (in shares)	197,489	197,535	197,489	182,709
Net income attributable to Fund Fifteen per weighted average limited partnership interest outstanding (in dollars per share)	$25.22	$12.14	$53.53	$28.20

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Equity (USD $)	Total	Limited Partner [Member]	General Partner [Member]	Total Partners Equity [Member]	Noncontrolling Interests [Member]
Balance at Dec. 31, 2013	$167,798,985	$156,859,123	($183,341)	$156,675,782	$11,123,203
Balance (in shares) at Dec. 31, 2013	'	197,489	'	'	'
Net income	3,130,709	2,712,868	27,403	2,740,271	390,438
Distributions	-4,278,608	-3,895,749	-39,351	-3,935,100	-343,508
Investment by noncontrolling interests	975	'	'	'	975
Balance (unaudited) at Mar. 31, 2014	166,652,061	155,676,242	-195,289	155,480,953	11,171,108
Balance (unaudited) (in shares) at Mar. 31, 2014	'	197,489	'	'	'
Net income	3,277,845	2,876,977	29,060	2,906,037	371,808
Distributions	-4,085,824	-3,982,322	-40,225	-4,022,547	-63,277
Investment by noncontrolling interests	7,940	'	'	'	7,940
Balance (unaudited) at Jun. 30, 2014	165,852,022	154,570,897	-206,454	154,364,443	11,487,579
Balance (unaudited) (in shares) at Jun. 30, 2014	'	197,489	'	'	'
Net income	5,415,754	4,980,950	50,313	5,031,263	384,491
Distributions	-4,547,234	-3,982,326	-40,226	-4,022,552	-524,682
Balance (unaudited) at Sep. 30, 2014	$166,720,542	$155,569,521	($196,367)	$155,373,154	$11,347,388
Balance (unaudited) (in shares) at Sep. 30, 2014	'	197,489	'	'	'

Consolidated_Statement_of_Cash

Consolidated Statement of Cash Flows (unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income	$11,824,308	$6,286,088
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Finance income	1,248,362	1,016,587
Credit loss	0	12,530
Rental income paid directly to lenders by lessees	-4,256,169	0
Income from investment in joint ventures	-1,656,903	-503,817
Depreciation	8,293,249	8,076,134
Interest expense on non-recourse financing paid directly to lenders by lessees	431,358	17,538
Interest expense from amortization of debt financing costs	157,099	172,673
Interest expense from amortization of seller's credit	223,641	212,172
Other financial gain	74,278	-467,573
Paid-in-kind interest	32,527	123,579
Changes in operating assets and liabilities:	'	'
Other assets	-1,843,336	-1,112,846
Deferred revenue	-49,993	131,403
Due to General Partner and affiliates, net	-286,778	-681,990
Distributions from joint ventures	485,251	0
Accrued expenses and other liabilities	247,864	3,002,917
Net cash provided by operating activities	14,924,758	16,285,395
Cash flows from investing activities:	'	'
Purchase of equipment	0	-22,034,131
Investment in joint venture	-8,720,656	-12,297,208
Principal received on finance leases	3,139,427	2,441,743
Investment in notes receivable	-9,009,923	-49,612,749
Distributions received from joint ventures in excess of profits	864,443	0
Principal received on notes receivable	18,355,009	6,594,389
Net cash provided (used in) investing activities	4,628,300	-74,907,956
Cash flows from financing activities:	'	'
Repayment of non-recourse long-term debt	-6,552,500	-5,642,500
Sale of limited partnership interests	0	46,247,313
Sales and offering expenses paid	0	-4,282,689
Deferred charges paid	0	-240,000
Investment by noncontrolling interests	8,915	8,334,601
Distributions to noncontrolling interests	-931,467	-1,335,082
Distributions to partners	-11,980,199	-10,734,817
Proceeds from non-recourse long-term debt	0	6,413,574
Redemptions	0	-95,909
Net cash (used in) provided by financing activities	-19,455,251	38,664,491
Net increase (decrease) in cash	97,807	-19,958,070
Cash, beginning of period	24,297,314	37,990,933
Cash, end of period	24,395,121	18,032,863
Supplemental disclosure of cash flow information:	'	'
Cash paid for interest	3,081,352	2,473,488
Supplemental disclosure of non-cash investing and financing activities:	'	'
Organizational and offering expenses charged to equity	0	1,075,227
Equipment purchased with non-recourse long-term debt paid directly to lender	0	22,750,000
Equipment purchased with subordinated non-recourse financing provided be seller	0	-4,488,041
Extinguishment of minimum rents receivable	0	4,488,041
Interest reserve net principal repayment of note receivable	206,250	0
Principal and interest on non-recourse long-term debt paid directly to lenders by lessees	$4,256,169	$0

Organization

Organization	9 Months Ended
	Sep. 30, 2014
Organization [Abstract]	'
Organization	'
	(1) Organization
	ICON ECI Fund Fifteen, L.P. (the “Partnership”) was formed on September 23, 2010 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 June 6, 2011 and ended on June 6, 2013, at which time we entered our operating period.
	We are a direct financing fund that primarily makes investments in domestic and international companies, which investments are primarily structured as debt and debt-like financings (such as loans and leases) that are collateralized by business-essential equipment and corporate infrastructure (collectively, “Capital Assets”) utilized by such companies to operate their businesses, as well as other strategic investments in or collateralized by Capital Assets that ICON GP 15, LLC, a Delaware limited liability company and our general partner (the “General Partner”), believes will provide us with a satisfactory, risk-adjusted rate of return. Our General Partner makes investment decisions on our behalf and manages our business.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Summary of Significant Accounting Policies [Abstract]	'
Summary of Significant Accounting Policies	'
	(2) Summary of Significant Accounting Policies
	Basis of Presentation and Consolidation
	Our accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Quarterly Reports on Form 10-Q. In the opinion of our General Partner, all adjustments, which are of a normal recurring nature, considered necessary for a fair presentation have been included.  These consolidated financial statements should be read together with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2013.  The results for the interim period are not necessarily indicative of the results for the full year.
	Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve
	ICON Capital, LLC, a Delaware limited liability company formerly known as ICON Capital Corp. (the “Investment Manager”), weighs all credit decisions based on a combination of external credit ratings as well as internal credit evaluations of all borrowers.  A borrower’s credit is analyzed using those credit ratings as well as the borrower’s financial statements and other financial data deemed relevant.
	As our financing receivables, generally notes receivable and finance leases, are limited in number, our Investment Manager is able to estimate the credit loss reserve based on a detailed analysis of each financing receivable as opposed to using portfolio-based metrics. Financing receivables are analyzed quarterly and categorized as either performing or non-performing based on payment history. If a financing receivable becomes non-performing due to a borrower’s missed scheduled payments or failed financial covenants, our Investment Manager analyzes whether a credit loss reserve should be established or whether the financing receivable should be restructured. Material events would be specifically disclosed in the discussion of each financing receivable held.
	Financing receivables are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, our Investment Manager periodically reviews the creditworthiness of companies with payments outstanding less than 90 days and based upon our Investment Manager’s judgment, these accounts may be placed in a non-accrual status.
	In accordance with the cost recovery method, payments received on non-accrual financing receivables are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual financing receivables is not in doubt, interest income is recognized on a cash basis. Financing receivables in non-accrual status may not be restored to accrual status until all delinquent payments have been received, and we believe recovery of the remaining unpaid receivable is probable.
	When our Investment Manager deems it is probable that we will not be able to collect all contractual principal and interest on a non-performing financing receivable, we perform an analysis to determine if a credit loss reserve is necessary. This analysis considers the estimated cash flows from the financing receivable, or the collateral value of the asset underlying the financing receivable when financing receivable repayment is collateral dependent. If it is determined that the impaired value of the non-performing financing receivable is less than the net carrying value, we will recognize a credit loss reserve or adjust the existing credit loss reserve with a corresponding charge to earnings. We then charge off a financing receivable in the period that it is deemed uncollectible by reducing the credit loss reserve and the balance of the financing receivable.
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), requiring revenue to be recognized in an amount that reflects the consideration expected to be received in exchange for goods and services. The adoption of ASU 2014-09 becomes effective for us on January 1, 2017, including interim periods within that reporting period. Early adoption is not permitted. We are currently in the process of evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.
	In August 2014, FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which provides guidance about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The adoption of ASU 2014-15 becomes effective for us on our fiscal year ending December 31, 2016, and all subsequent annual and interim periods. Early adoption is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on our consolidated financial statements.

Net_Investment_in_Notes_Receiv

Net Investment in Notes Receivable	9 Months Ended
	Sep. 30, 2014
Net Investment in Notes Receivable [Abstract]	'
Net Investment in Notes Receivable	'
	(3) Net Investment in Notes Receivable
	Net investment in notes receivable consisted of the following:
			September 30,		December 31,
			2014		2013
		Principal outstanding	$	68,553,434	$	78,504,378
		Initial direct costs		4,484,358		5,504,320
		Deferred fees		-1,020,410		-1,326,640
		Credit loss reserve		-1,972,530		-1,972,530
		Net investment in notes receivable	$	70,044,852	$	80,709,528
	On March 9, 2012, we made a term loan in the amount of $5,000,000 to Kanza Construction, Inc. The loan bore interest at 13% per year and was for a period of 60 months. The loan was secured by a first priority security interest in all of Kanza’s assets. As a result of Kanza’s unexpected financial hardship and failure to meet certain payment obligations, the loan was placed on a non-accrual status and we recorded a total credit loss reserve of approximately $1,973,000 for the shortfall of the loan balance not covered by cash proceeds from the sale of the collateral in 2013.  As of September 30, 2014, we fully reserved the remaining balance of the loan of $1,972,530. We continue to pursue all legal remedies to obtain payment.
	On October 4, 2013, we provided a $17,500,000 first drawdown on a secured term loan facility of up to $40,000,000 to Varada Ten Pte. Ltd. (“Varada”). The facility is comprised of three loans, each to be used toward the purchase or refinancing of a respective vessel.  As part of the facility agreement, to the extent the aggregate drawdown by Varada is less than $38,500,000 by September 30, 2014, a fee in the amount of 10% of the undrawn commitment amount (“Undrawn Commitment Fee”) will be assessed. Subsequent to the first drawdown, Varada did not further draw down on the facility. As a result, we recognized the Undrawn Commitment Fee of $2,100,000 as additional finance income during the three months ended September 30, 2014.
	On March 18, 2014, Green Field Energy Services, Inc. and its affiliates (collectively, “Green Field”) satisfied its obligation in connection with a superpriority, secured term loan scheduled to mature on August 26, 2014 by making a prepayment of approximately $7,458,000, comprised of all outstanding principal and accrued interest. No material gain or loss was recorded as a result of this transaction.
	On June 6, 2014, NTS Communications, Inc. and certain of its affiliates (collectively, “NTS”) satisfied their obligations in connection with three secured term loans scheduled to mature on July 1, 2017 by making a prepayment of approximately $9,522,000, comprised of all outstanding principal, accrued interest and a prepayment fee of approximately $362,000. The prepayment fee was recognized as additional finance income.
	On July 14, 2014, we, ICON Leasing Fund Twelve, LLC (“Fund Twelve”) and ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P. (“Fund Fourteen”), each an entity also managed by our Investment Manager, entered into a secured term loan credit facility agreement with two affiliates of Técnicas Maritimas Avanzadas, S.A. de C.V. (collectively “TMA”) to provide a credit facility of up to $29,000,000, of which our commitment of $3,625,000 was funded on August 27, 2014. The facility was used by TMA to acquire and refinance two platform supply vessels. At inception, the loan bore interest at the London Interbank Offered Rate (“LIBOR”), subject to a 1% floor, plus a margin of 17%. Upon acceptance of both vessels by TMA’s sub-charterer on September 19, 2014, the margin was reduced to 13%. The loan matures five years from the date of funding. The loan is secured by, among other things, a first priority security interest in and earnings from each of the vessels.
	On September 24, 2014, we, Fund Twelve, Fund Fourteen and ICON ECI Fund Sixteen (“Fund Sixteen”), an entity also managed by our Investment Manager, entered into a secured term loan credit facility agreement with Premier Trailer Leasing, Inc. (“Premier Trailer”) to provide a credit facility of up to $20,000,000, of which our commitment of $5,000,000 was funded on such date. The loan bears interest at LIBOR, subject to a 1% floor, plus 9% per year, and is for a period of six years. The loan is secured by a second priority security interest in all of Premier Trailer’s assets, including, without limitation, its fleet of trailers, and the equity interests of Premier Trailer.

Leased_Equipment_at_Cost

Leased Equipment at Cost	9 Months Ended
	Sep. 30, 2014
Leased Equipment at Cost [Abstract]	'
Leased Equipment at Cost	'
	(4) Leased Equipment at Cost
	Leased equipment at cost consisted of the following:
			September 30,		December 31,
			2014		2013
		Marine vessels	$	81,651,931	$	81,651,931
		Mining equipment		19,388,278		19,388,278
		Oil field services equipment		12,256,632		12,256,632
		Leased equipment at cost		113,296,841		113,296,841
		Less: accumulated depreciation		21,301,217		13,007,968
		Leased equipment at cost, less accumulated depreciation	$	91,995,624	$	100,288,873
	Depreciation expense was $2,764,416 and $2,763,166 for the three months ended September 30, 2014 and 2013, respectively. Depreciation expense was $8,293,249 and $8,076,134 for the nine months ended September 30, 2014 and 2013, respectively.

Net_Investment_in_Finance_Leas

Net Investment in Finance Lease	9 Months Ended
	Sep. 30, 2014
Net Investment in Finance Lease [Abstract]	'
Net Investment in Finance Leases	'
	(5) Net Investment in Finance Leases
	Net investment in finance leases consisted of the following:
			September 30,		December 31,
			2014		2013
		Minimum rents receivable	$	65,633,022	$	72,098,307
		Estimated unguaranteed residual values		-		328,192
		Initial direct costs		1,053,115		1,268,037
		Unearned income		-16,054,943		-19,708,993
		Net investment in finance leases	$	50,631,194	$	53,985,543
	On May 30, 2014, Global Crossing Telecommunications, Inc. (“Global Crossing”) exercised its option to purchase certain telecommunications equipment prior to lease expiration at the purchase option price of approximately $328,000. In accordance with the terms of the lease, Global Crossing was required to pay the final monthly lease payment of approximately $60,000.

Investment_in_Joint_Ventures

Investment in Joint Ventures	9 Months Ended
	Sep. 30, 2014
Investments in Joint Ventures [Abstract]	'
Equity Method Investments Disclosure Text Block	'
	(6) Investment in Joint Ventures
	On March 4, 2014, a joint venture owned 15% by us, 60% by Fund Twelve, 15% by Fund Fourteen and 10% by Fund Sixteen purchased mining equipment from an affiliate of Spurlock Mining, LLC (f/k/a Blackhawk Mining, LLC) (“Spurlock”). Simultaneously, the mining equipment was leased to Spurlock and its affiliates for four years. The aggregate purchase price for the mining equipment of approximately $25,359,000 was funded by approximately $17,859,000 in cash and $7,500,000 of non-recourse long-term debt. Our contribution to the joint venture was $2,693,395.
	On March 21, 2014, a joint venture (“ICON Siva”) owned 12.5% by us, 75% by Fund Twelve and 12.5% by Fund Fourteen, through two indirect subsidiaries, entered into memoranda of agreement to purchase two LPG tanker vessels, the SIVA Coral and the SIVA Pearl (collectively, the “SIVA Vessels”), from Siva Global Ships Limited (“Siva Global”) for an aggregate purchase price of $41,600,000. The SIVA Coral and the SIVA Pearl were delivered on March 28, 2014 and April 8, 2014, respectively. The SIVA Vessels were bareboat chartered to an affiliate of Siva Global for a period of eight years upon the delivery of each respective vessel. The SIVA Vessels were each acquired for approximately $3,550,000 in cash, $12,400,000 of financing through a senior secured loan (the “Loan”) from DVB Group Merchant Bank (Asia) Ltd. (“DVB”) and $4,750,000 of financing through a subordinated, non-interest-bearing seller’s credit. Our contribution to ICON Siva was $1,022,225.
	On March 28, 2014, a joint venture owned 27.5% by us, 60% by Fund Twelve and 12.5% by Fund Sixteen purchased trucks, trailers and other equipment from subsidiaries of D&T Holdings, LLC (“D&T”) for $12,200,000. Simultaneously, the trucks, trailers and other equipment were leased to D&T and its subsidiaries for 57 months. Our contribution to the joint venture was $3,266,352. On September 15, 2014, the lease agreement with D&T was amended to allow D&T to increase its capital expenditure limit. In consideration for agreeing to such increase, lease payments of approximately $1,500,000 that were scheduled to be paid in 2018 were paid by October 31, 2014. In addition, the joint venture received an amendment fee of $100,000.
	On June 12, 2014, a joint venture owned 12.5% by us, 75% by Fund Twelve and 12.5% by Fund Fourteen purchased an offshore supply vessel from Pacific Crest Pte. Ltd. (“Pacific Crest”) for $40,000,000. Simultaneously, the vessel was bareboat chartered to Pacific Crest for ten years. The vessel was acquired for approximately $12,000,000 in cash, $26,000,000 of financing through a senior secured loan from DVB and $2,000,000 of financing through a subordinated, non-interest-bearing seller’s credit. Our contribution to the joint venture was $1,617,158.

NonRecourse_LongTerm_Debt

Non-Recourse Long-Term Debt	9 Months Ended
	Sep. 30, 2014
Non-Recourse Long-Term Debt [Abstract]	'
Non-Recourse Long-Term Debt	'
	(7) Non-Recourse Long-Term Debt
	As of September 30, 2014 and December 31, 2013, we had non-recourse long-term debt obligations of $85,932,909 and $96,310,220, respectively. As of September 30, 2014, our non-recourse debt obligations had maturity dates ranging from October 1, 2015 to December 31, 2020 and interest rates ranging from 4.0% to 6.0% per year.
	At September 30, 2014, we were in compliance with all covenants related to our non-recourse long-term debt.

Revolving_Line_of_Credit_Recou

Revolving Line of Credit, Recourse	9 Months Ended
	Sep. 30, 2014
Revolving Line of Credit, Recourse [Abstract]	'
Revolving Line of Credit, Recourse	'
	(8) Revolving Line of Credit, Recourse
	We entered into an agreement with California Bank & Trust (“CB&T”) for a revolving line of credit through March 31, 2015 of up to $10,000,000 (the “Facility”), which is secured by all of our assets not subject to a first priority lien. Amounts available under the Facility are subject to a borrowing base that is determined, subject to certain limitations, by the present value of the future receivables under certain loans and lease agreements in which we have a beneficial interest.
	The interest rate for general advances under the Facility is CB&T’s prime rate. We may elect to designate up to five advances on the outstanding principal balance of the Facility to bear interest at LIBOR plus 2.5% per year. In all instances, borrowings under the Facility are subject to an interest rate floor of 4.0% per year. In addition, we are obligated to pay an annualized 0.5% fee on unused commitments under the Facility. At September 30, 2014, there were no obligations outstanding under the Facility and we were in compliance with all covenants related to the Facility.
	At September 30, 2014, we had $10,000,000 available under the Facility pursuant to the borrowing base.

Transactions_with_Related_Part

Transactions with Related Parties	9 Months Ended
	Sep. 30, 2014
Transactions with Related Parties [Abstract]	'
Transactions with Related Parties	'
	(9) Transactions with Related Parties
	We paid distributions to our General Partner of $40,226 and $119,802 for the three and nine months ended September 30, 2014, respectively. We paid distributions to our General Partner of $40,190 and $107,348 for the three and nine months ended September 30, 2013, respectively. Additionally, our General Partner’s interest in the net income attributable to us was $50,313 and $106,776 for the three and nine months ended September 30, 2014, respectively. Our General Partner’s interest in the net income attributable to us was $24,221 and $52,051 for the three and nine months ended September 30, 2013, respectively.
	Fees and other expenses incurred by us to our General Partner or its affiliates were as follows:
					Three Months Ended				Nine Months Ended
					September 30,				September 30,
		Entity	Capacity	Description	2014		2013		2014		2013
				Organizational and
				offering expense
		ICON Capital, LLC	Investment Manager	reimbursements (1)	$	-	$	-	$	-	$	243,063
		ICON Securities, LLC	Dealer-manager	Dealer-manager fees (2)		-		-		-		1,319,845
		ICON Capital, LLC	Investment Manager	Acquisition fees (3)		400,549		3,315,083		1,025,147		6,734,975
		ICON Capital, LLC	Investment Manager	Management fees (4)		299,614		446,978		1,209,388		904,846
				Administrative expense
		ICON Capital, LLC	Investment Manager	reimbursements (4)		372,023		1,003,109		1,475,822		3,046,339
		Fund Fourteen	Noncontrolling interest	Interest expense (4)		103,150		101,279		304,655		295,018
					$	1,175,336	$	4,866,449	$	4,015,012	$	12,544,086
		(1)  Amount capitalized and amortized to partners' equity.
		(2)  Amount charged directly to partners' equity.
		(3)  Amount capitalized and amortized to operations.
		(4)  Amount charged directly to operations.
	At September 30, 2014, we had a net payable of $2,686,692 due to our General Partner and its affiliates that primarily consisted of a note payable of approximately $2,608,000 and accrued interest of $29,000 due to Fund Fourteen related to its noncontrolling interest in a vessel, the Lewek Ambassador, and administrative expense reimbursements of approximately $72,000 due to our Investment Manager. At December 31, 2013, we had a net payable of $2,940,943 due to our General Partner and its affiliates that primarily consisted of a note payable of approximately $2,575,000 and accrued interest of $30,000 due to Fund Fourteen related to its noncontrolling interest in the Lewek Ambassador, and administrative expense reimbursements of approximately $494,000 due to our Investment Manager.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2014
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.
	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 credits, for which fair value is required to be disclosed, were valued using inputs that are generally unobservable and are supported by little or no market data and are therefore classified within Level 3. In accordance with U.S. GAAP, we use projected cash flows for fair value measurements of these financial assets and liabilities. Fair value information with respect to certain of our other assets and liabilities is not separately provided since (i) U.S. GAAP does not require fair value disclosures of lease arrangements and (ii) the carrying value of financial assets, other than lease-related investments, approximates fair value due to their short-term maturities and variable interest rates.
	The estimated fair value of our fixed-rate notes receivable, fixed-rate non-recourse long-term debt and seller’s credits was based on the discounted value of future cash flows related to the loans based on recent transactions of this type. Principal outstanding on fixed-rate notes receivable was discounted at rates ranging between 10% and 17% per year. Principal outstanding on fixed-rate non-recourse long-term debt and the seller’s credits was discounted at a rate of 5.04% per year.
			30-Sep-14
				Carrying	Fair Value
				Amount	(Level 3)
		Principal outstanding on fixed-rate notes receivable	$	66,580,904	$	66,654,619
		Principal outstanding on fixed-rate non-recourse long-term debt	$	65,457,909	$	67,989,036
		Seller's credits	$	6,162,561	$	6,037,930

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	(11) Commitments and Contingencies
	At the time we acquire or divest of our interest in Capital Assets, we may, under very limited circumstances, agree to indemnify the seller or buyer for specific contingent liabilities. Our General Partner believes that any liability of ours that may arise as a result of any such indemnification obligations will not have a material adverse effect on our consolidated financial condition or results of operations taken as a whole.
	At September 30, 2014, we had non-recourse and other debt obligations. Each lender has a security interest in the majority of the assets collateralizing each non-recourse debt instrument and an assignment of the rental payments under the lease associated with the assets. If the lessee defaults on the lease, the assets could be returned to the lender in extinguishment of the non-recourse debt. At September 30, 2014, our outstanding non-recourse long-term indebtedness was $85,932,909.
	We have entered into a remarketing agreement with a third party. Residual proceeds received in excess of specific amounts will be shared with this third party in accordance with the terms of the remarketing agreement. The present value of the obligation related to this agreement was approximately $141,000 at September 30, 2014 and is included in accrued expenses and other liabilities on our consolidated balance sheets.

Subsequent_Events

Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	(12) Subsequent Events
	On November 3, 2014, we filed a petition in the District Court of Dallas, Texas against Frontier Oilfield Services, Inc. and certain of its affiliates (collectively, “Frontier”) to obtain repayment of the outstanding note receivable as a result of Frontier’s breach of the terms of the loan agreement entered into in July 2012.  Our Investment Manager believes the outstanding note receivable and accrued interest due from Frontier as of September 30, 2014 are fully recoverable based on the underlying collateral value.  As a result, no credit loss was deemed necessary for the nine months ended September 30, 2014.
	On November 5, 2014, the Taiwan Branch of ICON Inotera, LLC (“ICON TW”), our wholly owned subsidiary, entered into a master lease agreement with Inotera Memories, Inc. (“Inotera”) for the lease of a photolithograph immersion scanner (the “Equipment”) to Inotera for 24 months commencing simultaneously upon ICON TW’s purchase of the Equipment for approximately EUR 62,000,000 (the “Purchase Price”), which is anticipated to occur during the three months ending December 31, 2014. The Purchase Price will be financed by a letter of credit facility that is scheduled to be refinanced, in part, through a senior loan facility that will have a term of 24 months.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation and Consolidation	'
	Basis of Presentation and Consolidation
	Our accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission for Quarterly Reports on Form 10-Q. In the opinion of our General Partner, all adjustments, which are of a normal recurring nature, considered necessary for a fair presentation have been included.  These consolidated financial statements should be read together with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2013.  The results for the interim period are not necessarily indicative of the results for the full year.
Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve	'
	Credit Quality of Notes Receivable and Finance Leases and Credit Loss Reserve
	ICON Capital, LLC, a Delaware limited liability company formerly known as ICON Capital Corp. (the “Investment Manager”), weighs all credit decisions based on a combination of external credit ratings as well as internal credit evaluations of all borrowers.  A borrower’s credit is analyzed using those credit ratings as well as the borrower’s financial statements and other financial data deemed relevant.
	As our financing receivables, generally notes receivable and finance leases, are limited in number, our Investment Manager is able to estimate the credit loss reserve based on a detailed analysis of each financing receivable as opposed to using portfolio-based metrics. Financing receivables are analyzed quarterly and categorized as either performing or non-performing based on payment history. If a financing receivable becomes non-performing due to a borrower’s missed scheduled payments or failed financial covenants, our Investment Manager analyzes whether a credit loss reserve should be established or whether the financing receivable should be restructured. Material events would be specifically disclosed in the discussion of each financing receivable held.
	Financing receivables are generally placed in a non-accrual status when payments are more than 90 days past due. Additionally, our Investment Manager periodically reviews the creditworthiness of companies with payments outstanding less than 90 days and based upon our Investment Manager’s judgment, these accounts may be placed in a non-accrual status.
	In accordance with the cost recovery method, payments received on non-accrual financing receivables are applied to principal if there is doubt regarding the ultimate collectability of principal. If collection of the principal of non-accrual financing receivables is not in doubt, interest income is recognized on a cash basis. Financing receivables in non-accrual status may not be restored to accrual status until all delinquent payments have been received, and we believe recovery of the remaining unpaid receivable is probable.
	When our Investment Manager deems it is probable that we will not be able to collect all contractual principal and interest on a non-performing financing receivable, we perform an analysis to determine if a credit loss reserve is necessary. This analysis considers the estimated cash flows from the financing receivable, or the collateral value of the asset underlying the financing receivable when financing receivable repayment is collateral dependent. If it is determined that the impaired value of the non-performing financing receivable is less than the net carrying value, we will recognize a credit loss reserve or adjust the existing credit loss reserve with a corresponding charge to earnings. We then charge off a financing receivable in the period that it is deemed uncollectible by reducing the credit loss reserve and the balance of the financing receivable.
New Accounting Pronouncements Policy Policy Text Block	'
	Recent Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), requiring revenue to be recognized in an amount that reflects the consideration expected to be received in exchange for goods and services. The adoption of ASU 2014-09 becomes effective for us on January 1, 2017, including interim periods within that reporting period. Early adoption is not permitted. We are currently in the process of evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.
	In August 2014, FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), which provides guidance about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The adoption of ASU 2014-15 becomes effective for us on our fiscal year ending December 31, 2016, and all subsequent annual and interim periods. Early adoption is permitted. The adoption of ASU 2014-15 is not expected to have a material effect on our consolidated financial statements.

Net_Investment_in_Notes_Receiv1

Net Investment in Notes Receivable (Tables)	9 Months Ended
	Sep. 30, 2014
Net Investment in Notes Receivable [Abstract]	'
Net Investments in Notes Receivable	'
			September 30,		December 31,
			2014		2013
		Principal outstanding	$	68,553,434	$	78,504,378
		Initial direct costs		4,484,358		5,504,320
		Deferred fees		-1,020,410		-1,326,640
		Credit loss reserve		-1,972,530		-1,972,530
		Net investment in notes receivable	$	70,044,852	$	80,709,528

Leased_Equipment_at_Cost_Table

Leased Equipment at Cost (Tables)	9 Months Ended
	Sep. 30, 2014
Leased Equipment at Cost [Abstract]	'
Leased Equipment at Cost	'
			September 30,		December 31,
			2014		2013
		Marine vessels	$	81,651,931	$	81,651,931
		Mining equipment		19,388,278		19,388,278
		Oil field services equipment		12,256,632		12,256,632
		Leased equipment at cost		113,296,841		113,296,841
		Less: accumulated depreciation		21,301,217		13,007,968
		Leased equipment at cost, less accumulated depreciation	$	91,995,624	$	100,288,873

Net_Investment_in_Finance_Leas1

Net Investment in Finance Lease (Tables)	9 Months Ended
	Sep. 30, 2014
Net Investment in Finance Lease [Abstract]	'
Net Investment in Finance Leases	'
			September 30,		December 31,
			2014		2013
		Minimum rents receivable	$	65,633,022	$	72,098,307
		Estimated unguaranteed residual values		-		328,192
		Initial direct costs		1,053,115		1,268,037
		Unearned income		-16,054,943		-19,708,993
		Net investment in finance leases	$	50,631,194	$	53,985,543

Transactions_with_Related_Part1

Transactions with Related Parties (Tables)	9 Months Ended
	Sep. 30, 2014
Transactions with Related Parties [Abstract]	'
Fees and Expenses Paid or Accrued	'
					Three Months Ended				Nine Months Ended
					September 30,				September 30,
		Entity	Capacity	Description	2014		2013		2014		2013
				Organizational and
				offering expense
		ICON Capital, LLC	Investment Manager	reimbursements (1)	$	-	$	-	$	-	$	243,063
		ICON Securities, LLC	Dealer-manager	Dealer-manager fees (2)		-		-		-		1,319,845
		ICON Capital, LLC	Investment Manager	Acquisition fees (3)		400,549		3,315,083		1,025,147		6,734,975
		ICON Capital, LLC	Investment Manager	Management fees (4)		299,614		446,978		1,209,388		904,846
				Administrative expense
		ICON Capital, LLC	Investment Manager	reimbursements (4)		372,023		1,003,109		1,475,822		3,046,339
		Fund Fourteen	Noncontrolling interest	Interest expense (4)		103,150		101,279		304,655		295,018
					$	1,175,336	$	4,866,449	$	4,015,012	$	12,544,086
		(1)  Amount capitalized and amortized to partners' equity.
		(2)  Amount charged directly to partners' equity.
		(3)  Amount capitalized and amortized to operations.
		(4)  Amount charged directly to operations.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Measurements [Abstract]	'
Fair Value Information on Leased Assets and Liabilities	'
			30-Sep-14
				Carrying	Fair Value
				Amount	(Level 3)
		Principal outstanding on fixed-rate notes receivable	$	66,580,904	$	66,654,619
		Principal outstanding on fixed-rate non-recourse long-term debt	$	65,457,909	$	67,989,036
		Seller's credits	$	6,162,561	$	6,037,930

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2014
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_Receiv2

Net Investment in Notes Receivable (Reconciliation) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Schedule of Notes Receivable [Abstract]	'	'
Principal outstanding	$68,553,434	$78,504,378
Initial direct costs	4,484,358	5,504,320
Deferred fees	-1,020,410	-1,326,640
Credit loss reserve	-1,972,530	-1,972,530
Net investment in notes receivable	$70,044,852	$80,709,528

Net_Investment_in_Notes_Receiv3

Net Investment in Notes Receivable (Narrative) (Details 1) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Mar. 09, 2012

Sep. 30, 2014

Dec. 31, 2013

Mar. 18, 2014

Jun. 06, 2014

Sep. 19, 2014

Aug. 27, 2014

Jul. 14, 2014

Jul. 14, 2014

Jul. 14, 2014

Jul. 14, 2014

Jul. 14, 2014

Sep. 24, 2014

Oct. 04, 2013

Sep. 30, 2014

Kanza Construction, Inc. [Member]

Kanza Construction, Inc. [Member]

Kanza Construction, Inc. [Member]

Green Field [Member]

NTS Communications [Member]

TMA credit facility [Member]

TMA credit facility [Member]

TMA credit facility [Member]

TMA credit facility [Member]

TMA credit facility [Member]

TMA credit facility [Member]

TMA credit facility [Member]

Premier Trailer [Member]

Varada [Member]

Varada [Member]

Subsequent Event [Member]

Minimum [Member]

Maximum [Member]

ICON ECI Fund Fifteen, LP [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Face amount of loan made by the Partnership

'

'

'

'

'

$5,000,000

'

'

'

'

'

'

'

$29,000,000

'

'

$3,625,000

'

$17,500,000

'

Interest rate (in hundredths)

'

'

'

'

'

13.00%

'

'

'

'

'

'

'

'

13.00%

17.00%

'

'

'

'

Term of note receivable

'

'

'

'

'

'60 months

'

'

'

'

'

'5 years

'

'5 years

'

'

'

'6 years

'

'

Credit loss reserve

1,972,530

'

1,972,530

'

1,972,530

'

'

1,973,000

'

'

'

'

'

'

'

'

'

'

'

'

Remaining balance of loan

'

'

'

'

'

'

1,972,530

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal received on notes receivable

'

'

18,355,009

6,594,389

'

'

'

'

7,548,000

9,522,000

'

'

'

'

'

'

'

'

'

'

Loss (gain) on prepayment of loan

0

0

0

12,530

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of loans

'

'

'

'

'

'

'

'

'

'3

'

'

'

'

'

'

'

'

'

'

Prepayment Fee

'

'

'

'

'

'

'

'

'

362,000

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

29,000,000

'

'

'

'

20,000,000

'

'

Line Of Credit Facility Funded

'

'

'

'

'

'

'

'

'

'

'

3,625,000

'

'

'

'

'

5,000,000

'

'

Basis spread (in hundredths)

'

'

'

'

'

'

'

'

'

'

13.00%

17.00%

'

'

'

'

'

9.00%

'

'

Facility amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

40,000,000

'

Aggregate drawdown

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

38,500,000

'

Percentage of undrawn commitment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

Undrawn commitment fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,100,000

Leased_Equipment_at_Cost_Recon

Leased Equipment at Cost (Reconciliation) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Leased equipment at cost	$113,296,841	$113,296,841
Less: accumulated depreciation	21,301,217	13,007,968
Leased equipment at cost, less accumulated depreciation	91,995,624	100,288,873
Marine Vessels [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Leased equipment at cost	81,651,931	81,651,931
Mining Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Leased equipment at cost	19,388,278	19,388,278
Oil field Services Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Leased equipment at cost	$12,256,632	$12,256,632

Leased_Equipment_at_Cost_Narra

Leased Equipment at Cost (Narrative) (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Depreciation [Abstract]	'	'	'	'
Depreciation expense	$2,764,416	$2,763,166	$8,293,249	$8,076,134

Net_Investment_in_Finance_Leas2

Net Investment in Finance Lease (Reconciliation) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Capital Leased Assets [Line Items]	'	'
Minimum rents receivable	$65,633,022	$72,098,307
Estimated unguaranteed residual value	0	328,192
Initial direct costs	1,053,115	1,268,037
Unearned income	-16,054,943	-19,708,993
Net investment in finance lease	$50,631,194	$53,985,543

Net_Investment_in_Finance_Leas3

Net Investment in Finance Lease (Narrative) (Details1) (Global Crossing Telecommunication Equipment [Member], USD $)	0 Months Ended
	30-May-14
Global Crossing Telecommunication Equipment [Member]	'
Capital Leased Assets [Line Items]	'
Proceeds from sale of leased equipment	$328,000
Final monthly lease payment	$60,000

Investment_in_Joint_Venture_De

Investment in Joint Venture (Details) (USD $)

9 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Mar. 04, 2014

Mar. 28, 2014

Mar. 21, 2014

Oct. 31, 2014

Mar. 28, 2014

Jun. 12, 2014

Mar. 04, 2014

Mar. 21, 2014

Mar. 28, 2014

Jun. 12, 2014

Mar. 04, 2014

Mar. 21, 2014

Mar. 28, 2014

Jun. 12, 2014

Mar. 04, 2014

Mar. 21, 2014

Jun. 12, 2014

Mar. 04, 2014

Mar. 28, 2014

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

Siva Global Ships Limited [Member]

D&T Holdings, LLC [Member]

D&T Holdings, LLC [Member]

Pacific Crest [Member]

ICON ECI Fund Fifteen, LP [Member]

ICON ECI Fund Fifteen, LP [Member]

ICON ECI Fund Fifteen, LP [Member]

ICON ECI Fund Fifteen, LP [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Leasing Fund Twelve, LLC [Member]

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P. [Member]

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P. [Member]

ICON Equipment and Corporate Infrastructure Fund Fourteen, L.P. [Member]

ICON ECI Fund Sixteen [Member]

ICON ECI Fund Sixteen [Member]

Mining Equipment [Member]

Marine Vessels [Member]

Marine Vessels [Member]

Trucks, trailers and other equipment [Member]

Trucks, trailers and other equipment [Member]

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

D&T Holdings, LLC [Member]

Pacific Crest [Member]

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

D&T Holdings, LLC [Member]

Pacific Crest [Member]

Blackhawk Mining, LLC [Member]

Siva Global Ships Limited [Member]

Pacific Crest [Member]

Blackhawk Mining, LLC [Member]

D&T Holdings, LLC [Member]

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Joint venture, ownership percentage (in hundredths)

'

'

'

'

'

'

'

'

'

15.00%

12.50%

27.50%

12.50%

60.00%

75.00%

60.00%

75.00%

15.00%

12.50%

12.50%

10.00%

12.50%

Term of lease

'

'

'

'4 years

'

'

'

'57 months

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

Equipment, aggregate purchase price

'

'

'

$25,359,000

'

$41,600,000

'

$12,200,000

$40,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash to purchase equipment

0

22,034,131

'

17,859,000

'

3,550,000

'

'

12,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-Recourse Debt

85,932,909

'

96,310,220

7,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment in joint venture

8,720,656

12,297,208

'

'

'

'

'

'

'

2,693,395

1,022,225

3,266,352

1,617,158

'

'

'

'

'

'

'

'

'

Subordinated loan

'

'

'

'

'

12,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Senior secured loan

'

'

'

'

'

'

'

'

26,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated seller credit for vessel finance

'

'

'

'

'

4,750,000

'

'

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Bareboat charter term

'

'

'

'

'8 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Prepayment Fee

'

'

'

'

'

'

100,000

'

'

'

'

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'

'

'

'

'

'

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'

'

'

Proceeds From Lease Prepayments

'

'

'

'

'

'

$1,500,000

'

'

'

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'

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'

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NonRecourse_LongTerm_Debt_Deta

Non-Recourse Long-Term Debt (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Non-recourse long-term debt	$85,932,909	$96,310,220
Maturity date of non-recourse long term debt, start	1-Oct-15	'
Maturity date of non-recourse long term debt, end	31-Dec-20	'
Debt minimum rate (in hundredths)	4.00%	'
Debt maximum rate (in hundredths)	6.00%	'
Non recourse long term debt interest rate in hundredths	5.04%	'

Revolving_Line_of_Credit_Recou1

Revolving Line of Credit, Recourse (Details) (Senior Secured Revolving Loan Facility [Member], USD $)	9 Months Ended
	Sep. 30, 2014
	F14numberofadvances
Senior Secured Revolving Loan Facility [Member]	'
Line of Credit Facility [Line Items]	'
Maximum borrowing capacity	$10,000,000
Expiration date	31-Mar-15
Number of separate non-prime rate advances	5
Basis spread (in hundredths)	2.50%
Minimum interest rate (in hundredths)	4.00%
Commitment fee (in hundredths)	0.50%
Remaining borrowing capacity	10,000,000
Outstanding borrowings under the facility	$0

Transactions_with_Related_Part2

Transactions with Related Parties (Details) (USD $)	3 Months Ended						9 Months Ended
	Sep. 30, 2014		Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2013
Transactions with Related Parties [Abstract]	'		'	'	'		'		'		'
General Partner distributions	$40,226		'	'	$40,190		$119,802		$107,348		'
Net income (loss) allocated to General Partner	50,313		'	'	24,221		106,776		52,051		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Due to general partner and affiliates	2,686,692		'	'	'		2,686,692		'		2,940,943
Management fees	299,614		'	'	446,978		1,209,388		904,846		'
Administrative expense reimbursements	372,023		'	'	1,003,109		1,475,822		3,046,339		'
Interest expense	1,267,001		'	'	1,258,106		3,897,104		3,537,798		'
Total	1,175,336		'	'	4,866,449		4,015,012		12,544,086		'
Distributions	4,547,234		4,085,824	4,278,608	'		'		'		'
General Partner [Member]	'		'	'	'		'		'		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Distributions	40,226		40,225	39,351	'		'		'		'
Investment Manager [Member]	'		'	'	'		'		'		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Due to general partner and affiliates	72,000		'	'	'		72,000		'		494,000
Noncontrolling interest [Member]	'		'	'	'		'		'		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Distributions	524,682		63,277	343,508	'		'		'		'
ICON Capital, LLC [Member] | Investment Manager [Member]	'		'	'	'		'		'		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Organizational and offering expense reimbursements	0	[1]	'	'	0	[1]	0	[1]	243,063	[1]	'
Acquisition fees	400,549	[2]	'	'	3,315,083	[2]	1,025,147	[2]	6,734,975	[2]	'
Management fees	299,614	[3]	'	'	446,978	[3]	1,209,388	[3]	904,846	[3]	'
Administrative expense reimbursements	372,023	[3]	'	'	1,003,109	[3]	1,475,822	[3]	3,046,339	[3]	'
ICON Securities [Member] | Dealer-menager [Member]	'		'	'	'		'		'		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Dealer-manager fees	0	[4]	'	'	0	[4]	0	[4]	1,319,845	[4]	'
Fund Fourteen [Member]	'		'	'	'		'		'		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Due to general partner and affiliates	2,608,000		'	'	'		2,608,000		'		2,575,000
Fund Fourteen [Member] | Noncontrolling interest [Member]	'		'	'	'		'		'		'
Related Party Transaction [Line Items]	'		'	'	'		'		'		'
Accrued interest on note payable from joint venture	29,000		'	'	'		29,000		'		30,000
Interest expense	$103,150	[3]	'	'	$101,279	[3]	$304,655	[3]	$295,018	[3]	'
[1]	Amount capitalized and amortized to partners' equity.
[2]	Amount capitalized and amortized to operations.
[3]	Amount charged directly to operations.
[4]	Amount charged directly to partners' equity.

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
			Carrying Value [Member]	Fair Value [Member]	Minimum [Member]	Maximum [Member]
				Level 3 [Member]
Fair Value Inputs Assets Quantitative Information [Line Items]	'	'	'	'	'	'
Discount rate on fixed notes receivable (in hundredths)	'	'	'	'	10.00%	17.00%
Non recourse long term debt interest rate in hundredths	5.04%	'	'	'	'	'
Principal outstanding on fixed rate notes receivable	'	'	$66,580,904	$66,654,619	'	'
Principal outstanding on fixed rate non-recourse debt	85,932,909	96,310,220	65,457,909	67,989,036	'	'
Seller's credit	'	'	$6,162,561	$6,037,930	'	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Commitments and Contingencies [Abstract]	'	'
Non-recourse long-term debt	$85,932,909	$96,310,220
Present value of remarketing agreement	$141,000	'

Subsequent_Events_Details

Subsequent Events (Details) (Inotera [Member], Subsequent Event [Member], EUR €)	0 Months Ended
	Nov. 05, 2014
Inotera [Member] | Subsequent Event [Member]	'
Subsequent Event [Line Items]	'
Purchase price of equipment	€ 62,000,000
Term of lease	'24 months
Term of senior loan facility	'24 months