Atel 15 10-Q 12 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	ATEL 15, LLC
Entity Central Index Key	1,519,117
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Units Outstanding		6,563,947

Balance Sheets

Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 2,113	$ 2,577
Accounts receivable, net	81	447
Notes receivable, net	203	432
Investment in securities	183	183
Warrants, fair value	415	390
Investments in equipment and leases, net	33,410	34,693
Prepaid expenses and other assets	26	33
Total assets	36,431	38,755
Accounts payable and accrued liabilities:
Managing Member	51	107
Affiliates	86	68
Accrued distributions to Other Members	617	616
Other	468	451
Non-recourse debt	7,387	8,332
Long-term debt	2,068	2,068
Unearned operating lease income	304	156
Total liabilities	10,981	11,798
Commitments and contingencies
Members' capital:
Managing Member
Other Members	25,450	26,957
Total Members' capital	25,450	26,957
Total liabilities and Members' capital	$ 36,431	$ 38,755

Statements of Income

Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Leasing and lending activities:
Operating leases	$ 1,947	$ 2,422
Direct financing leases	1	1
Interest on notes receivable	10	52
Gain on sales of lease assets and early termination of notes	10	28
Unrealized gain on fair value adjustment for warrants	25	4
Other	4	4
Total revenues	1,997	2,511
Expenses:
Depreciation of operating lease assets	1,222	1,809
Asset management fees to Managing Member	82	120
Acquisition expense		1
Cost reimbursements to Managing Member and/or affiliates	233	220
(Reversal of) provision for credit losses	(1)	7
Amortization of initial direct costs	21	29
Interest expense	80	114
Impairment losses on equipment	11
Professional fees	52	77
Outside services	30	20
Railcar maintenance	13	31
Bank charges	32	37
Other	43	33
Total expenses	1,818	2,498
Net income	179	13
Net income (loss):
Managing Member	120	121
Other Members	59	(108)
Net income	$ 179	$ 13
Net income (loss) per Limited Liability Company Unit (Other Members)	$ 0.01	$ (0.02)
Weighted average number of Units outstanding	6,574,176	6,606,921

Statements of Changes in Member

Statements of Changes in Members' Capital - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Beginning Balance (in units)	6,584,221
Beginning Balance	$ 26,957	$ 33,437	$ 33,437
Repurchases of Units	(87)		(116)
Distributions to Other Members	(1,479)	(1,486)	(5,927)
Distributions to Managing Member	(120)		(481)
Net (loss) income	$ 179	$ 13	$ 44
Ending Balance (in units)	6,564,542		6,584,221
Ending Balance	$ 25,450		$ 26,957
Other Members [Member]
Beginning Balance (in units)	6,584,221	6,606,921	6,606,921
Beginning Balance	$ 26,957	$ 33,437	$ 33,437
Repurchases of Units (in units)	(19,679)		(22,700)
Repurchases of Units	$ (87)		$ (116)
Distributions to Other Members	(1,479)		(5,927)
Net (loss) income	$ 59		$ (437)
Ending Balance (in units)	6,564,542		6,584,221
Ending Balance	$ 25,450		$ 26,957
Managing Member [Member]
Distributions to Managing Member	(120)		(481)
Net (loss) income	$ 120		$ 481

Statements of Changes in Membe5

Statements of Changes in Members' Capital (Parenthetical) - $ / shares	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Statements of Changes in Members' Capital [Abstract]
Distributions to Other Members, per unit	$ 0.22	$ 0.22	$ 0.90

Statements of Cash Flows

Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities:
Net income	$ 179	$ 13
Adjustment to reconcile net income (loss) to cash provided by operating activities:
Gain on sales of lease assets and early termination of notes receivable	(10)	(28)
Depreciation of operating lease assets	1,222	1,809
Amortization of initial direct costs	21	29
Impairment losses on equipment	11
(Reversal of) provision for credit losses	(1)	7
Unrealized gain on fair value adjustment for warrants	(25)	(4)
Changes in operating assets and liabilities:
Accounts receivable	367	(39)
Prepaid expenses and other assets	7	(38)
Accounts payable, Managing Member	(56)
Accounts payable, other	17	23
Accrued liabilities, affiliates	18	111
Unearned fee income related to notes receivable		(1)
Unearned operating lease income	148	133
Net cash provided by operating activities	1,898	2,015
Investing activities:
Purchase of securities		(17)
Proceeds from sales of lease assets and early termination of notes	39	86
Principal payments received on notes receivable	229	359
Net cash provided by investing activities	268	428
Financing activities:
Repayments under non-recourse debt	(945)	(1,267)
Repurchases of Units	(87)
Net cash used in financing activities	(2,630)	(2,874)
Net decrease in cash and cash equivalents	(464)	(431)
Cash and cash equivalents at beginning of period	2,577	5,623
Cash and cash equivalents at end of period	2,113	5,192
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	60	95
Cash paid during the period for taxes	1	2
Other Members [Member]
Operating activities:
Net income	59
Financing activities:
Distributions to Members	(1,478)	(1,486)
Schedule of non-cash investing and financing transactions:
Distributions payable to Members at period-end	617	623
Managing Member [Member]
Operating activities:
Net income	120
Financing activities:
Distributions to Members	(120)	(121)
Schedule of non-cash investing and financing transactions:
Distributions payable to Members at period-end	$ 50	$ 50

Organization and Limited Liabil

Organization and Limited Liability Company Matters	3 Months Ended
	Mar. 31, 2017
Organization and Limited Liability Company Matters [Abstract]
Organization and Limited Liability Company Matters	1. Organization and Limited Liability Company matters:  ATEL 15, LLC (the “Company” or the “Fund”) was formed under the laws of the state of California on March 4, 2011 for the purpose of raising capital and originating equipment financing transactions and acquiring equipment to engage in equipment leasing and sales activities. The Managing Member of the Company is ATEL Managing Member, LLC (the “Managing Member” or the “Manager”), a Nevada limited liability company. The Managing Member is controlled by ATEL Financial Services (“AFS”), a wholly-owned subsidiary of ATEL Capital Group. The Fund may continue until terminated as provided in the ATEL 15, LLC Amended and Restated Limited Liability Company Operating Agreement dated October 28, 2011 (the “Operating Agreement”). Contributions in the amount of $ 500 were received as of May 3, 2011, which represented the initial Member’s capital investment. As a limited liability company, the liability of any individual member for the obligations of the Fund is limited to the extent of capital contributions to the Fund by the individual member. The offering of the Company was granted effectiveness by the Securities and Exchange Commission as of October 28, 2011.  As of March 31, 2017 , cumulative gross contributions, less rescissions and repurchases (net of distributions paid and allocated syndication costs, as applicable), totaling $66.0 million (inclusive of the $500 initial Member’s capital investment) have been received. As of the same date, 6,564 ,542 Units were issued and outstanding .  The Company is governed by its Operating Agreement. Pursuant to the terms of the Operating Agreement, the Managing Member and/or its affiliates receives compensation for services rendered and reimbursements for costs incurred on behalf of the Company (See Note 6). The Company is required to maintain reasonable cash reserves for working capital, the repurchase of Units and contingencies. The repurchase of Units is solely at the discretion of the Managing Member.  These unaudited interim financial statements should be read in conjunction with the financial statements and notes thereto contained in the report on Form 10-K for the year ended December 31, 2016 , filed with the Securities and Exchange Commission. 

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of significant accounting policies:  Basis of presentation:  The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year. Certain months prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results of operations.  Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.  In preparing the accompanying financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after March 31, 2017 up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements.  Use of Estimates:  The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.  Segment reporting:  The Company is organized into one operating segment for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.  The primary geographic region in which the Company seeks leasing and financing opportunities is North America. All of the Company’s current operating revenues and long-lived assets relate to cust omers domiciled in the United States .  Accounts receivable  Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.  Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received.  Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases and notes receivable are applied only against outstanding principal balances.  Financing receivables  In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.  Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.  The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date.  Investment in securities:  From time to time, the Company may purchase securities of its borrowers or receive warrants to purchase securities in connection with its lending arrangements.  Purchased securities  Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. The Company had $183 thousand of purchased securities at both March 31, 2017 and December 31, 2016 . There was no gain on sales or dispositions of investment in securities during the three months ended March 31, 2017 and 2016 . Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three months ended March 31, 2017 and 2016 .  Warrants  Warrants owned by the Company are not registered for public sale, but are considered derivatives and are reflected at an estimated fair value on the balance sheet, as determined by the Managing Member. During the three months ended March 31, 2017 and 2016 , the Company recorded an unrealized gain of $2 5 thousand and $4 thousand, respectively, on fair valuation of its warrants. As of March 31, 2017 and December 31, 2016 , the estimated fair value of the Company’s portfolio of warrants amounted to $415 thousand and $390 thousand, respectively. There were no exercises of warrants, net or otherwise, during the three months ended March 31, 2017 and 2016 .  Per Unit data:  The Company issues only one class of Units, none of which are considered dilutive. Net income (loss) and distributions per Unit is based upon the weighted average number of Other Members Units outstanding during the period.  Fair Value:  Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:  Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.  Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.  Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.  The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company’s investments in equipment, notes receivable and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources.  Recent accounting pronouncements:  In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-15 —Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 addresses specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the standard and its impact on operations and financial reporting.  In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) (“ASU 2016-13”). The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. Management is currently evaluating the standard and its operational and related disclosure requirements.  In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new standard will require lessees to recognize lease assets and lease liabilities arising from operating leases with lease terms greater than 12 months in the statement of financial position. Lessor accounting per ASU 2016-02 is mostly unchanged from the previous lease accounting GAAP. Certain changes were made to the lessor accounting guidance in order to align the lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. Similar to the previous guidance, lessors will classify leases as operating, direct financing, or sales-type. Lessors in operating leases will continue to recognize the underlying asset and recognize income on a straight-line basis. Lessors determine whether a lease is a sale of the underlying asset based on whether the lessee effectively obtains control of the underlying assets. ASU-2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. Management will adopt the standard and is currently evaluating the standard and its operational and related disclosure requirements.  In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). The new standard provides guidance related to accounting for equity investments and financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the standard and its operational and related disclosure requirements.  In August 2014, the FASB issued Accounting Standards Update 2014-15, Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU-2014-15”). The new standard provides guidance relative to 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 new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods , beginning after December 15, 2016. Early adoption is permitted. Management adopted the standard and the adoption of ASU 2014-15 did not have a material impact on the Company’s financial statements or related disclosures.  In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 by one year and in August 2015, issued Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU 2015-14”). ASU 2015-14 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company evaluated the impact of the new standard on its financial statements and has determined that such impact is virtually non-existent as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues. 

Notes Receivable, Net

Notes Receivable, Net	3 Months Ended
	Mar. 31, 2017
Notes Receivable, Net
Notes Receivable, Net	3. Notes receivable, net:  The Company has various notes receivables from borrowers who have financed the purchase of equipment through the Company. As of March 31, 2017 , the terms of the notes receivable are from 36 to 90 months and bear interest at rates ranging from 11.26 % to 18.00 % per annum. The notes are secured by the equipment financed. The notes mature from 2017 through 20 20 .  At both March 31, 2017 and December 31, 2016, two of the Company’s notes receivable were on non-accrual status. Details are as follows, in thousands, except for the number of notes receivable and the annual rate:     Notes receivable  Non-accrual  March 31, 2017 December 31, 2016  Number of notes 2 2  Net investment value $ 56 $ 71  Annual interest rate 18.00% 18.00%  Fair value adjustments $ 55 $ 55  Fair value amount $ 1 $ 16  Interest income not recorded relative to original terms $ 7 $ 7      Date Note modification  December 1, 2014 Notes placed on non-accrual status.  January 1, 2015 Defer payment of principal, interest-only payments  at their original rates through June 30, 2015.  Payments will be adjusted so ultimate amounts paid will reflect interest  earned at 18% per annum related to the entire term from the original funding date.  1st quarter 2015 Impairment totaling $27 thousand was recorded.  3rd quarter 2015 Impairment totaling $23 thousand was recorded.  4th quarter 2015 Extend interest only payments through June 30, 2016.  Entire balance on the notes due on July 1, 2016.  1st quarter 2016 Impairment totaling $5 thousand was recorded.  3rd quarter 2016 Final payment due on January 1, 2017  1st quarter 2017 Extend payment schedule through January 1, 2020. Term loan  matures on January 1, 2020.  As of March 31, 2017, the minimum future payments receivable are as follows (in thousands):     Nine months ending December 31, 2017 $ 199  Year ending December 31, 2018 118  2019 58  Total 375  Less: portion representing unearned interest income (117)  258  Less: allowance for credit losses (55)  Notes receivable, net $ 203  Initial direct costs (“IDC”) amortization expense related to notes receivable and the Company’s operating and direct financing leases for the three months ended March 31, 2017 and 2016 are as follows (in thousands):     Three Months Ended  March 31,  2017 2016  IDC amortization - notes receivable $ 1 $ 1  IDC amortization - lease assets 20 28  Total $ 21 $ 29 

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2017
Allowance for Credit Losses [Abstract]
Allowance for Credit Losses	4. Allowance for credit losses:  The Company’s allowance for credit losses are as follows (in thousands):     Accounts Receivable Allowance for Doubtful Accounts Valuation Adjustments On Financing Receivables Total  Operating Leases Notes Receivable Allowance for Credit Losses  Balance December 31, 2015 $ 2 $ 50 $ 52  Provision for credit losses 43 5 48  Balance December 31, 2016 45 55 100  Reversal of provision for credit losses (1) - (1)  Balance March 31, 2017 $ 44 $ 55 $ 99  The Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables as of March 31, 2017 and December 31, 2016 were as follows (in thousands):     March 31, 2017 Notes Receivable Finance Leases Total  Allowance for credit losses:  Ending balance $ 55 $ - $ 55  Ending balance: individually evaluated for impairment $ 55 $ - $ 55  Ending balance: collectively evaluated for impairment $ - $ - $ -   Financing receivables:  Ending balance $ 258 $ 9 $ 267  Ending balance: individually evaluated for impairment $ 258 $ 9 $ 267  Ending balance: collectively evaluated for impairment $ - $ - $ -     December 31, 2016 Notes Receivable Finance Leases Total  Allowance for credit losses:  Ending balance $ 55 $ - $ 55  Ending balance: individually evaluated for impairment $ 55 $ - $ 55  Ending balance: collectively evaluated for impairment $ - $ - $ -   Financing receivables:  Ending balance $ 487 1 $ 9 $ 496  Ending balance: individually evaluated for impairment $ 487 $ 9 $ 496  Ending balance: collectively evaluated for impairment $ - $ - $ -  1 Includes $1 of unamortized initial direct costs.   The Company evaluates the credit quality of its financing receivables on a scale equivalent to the following quality indicators related to corporate risk profiles:  Pass – Any account whose lessee/debtor, co-lessee/debtor or any guarantor has a credit rating on publicly traded or privately placed debt issues as rated by Moody’s or S&P for either Senior Unsecured debt, Long Term Issuer rating or Issuer rating that are in the tiers of ratings generally recognized by the investment community as constituting an Investment Grade credit rating; or, has been determined by the Manager to be an Investment Grade Equivalent or High Quality Corporate Credit per its Credit Policy or has a Not Rated internal rating by the Manager and the account is not considered by the Chief Credit Officer of the Manager to fall into one of the three risk profiles below.  Special Mention – Any traditional corporate type account with potential weaknesses (e.g. large net losses or major industry downturns) or, any growth capital account that has less than three months of cash as of the end of the calendar quarter to fund their continuing operations. These accounts deserve management’s close attention. If left uncorrected, those potential weaknesses may result in deterioration of the Fund’s receivable at some future date.  Substandard – Any account that is inadequately protected by the current worth and paying capacity of the borrower or of the collateral pledged, if any. Accounts that are so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Fund will sustain some loss as the likelihood of fully collecting all receivables may be questionable if the deficiencies are not corrected. Such accounts are on the Manager’s Credit Watch List.  Doubtful – Any account where the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Accordingly, an account that is so classified is on the Manager’s Credit Watch List, and has been declared in default and the Manager has repossessed, or is attempting to repossess, the equipment it financed. This category includes impaired notes and leases as applicable.  At March 31, 2017 and December 31, 2016, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):     Notes Receivable Finance Leases  March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016  Pass $ 202 $ 416 $ 9 $ 9  Special mention 56 - - -  Substandard - 71 - -  Doubtful - - - -  Total $ 258 $ 487 $ 9 $ 9  As of March 31, 2017 and December 31, 2016, the Company’s impaired loans were as follows (in thousands):     March 31, 2017  Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized  With no related allowance recorded  Notes receivable $ - $ - $ - $ - $ -  With an allowance recorded  Notes receivable 56 56 55 56 -  Total $ 56 $ 56 $ 55 $ 56 $ -     December 31, 2016  Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized  With no related allowance recorded  Notes receivable $ - $ - $ - $ - $ -  With an allowance recorded  Notes receivable 71 71 55 75 -  Total $ 71 $ 71 $ 55 $ 75 $ -  At March 31, 2017 and December 31, 2016, investment in financing receivables is aged as follows (in thousands):     March 31, 2017 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment>90 Days and Accruing  Notes receivable $ - $ - $ - $ - $ 258 $ 258 $ -  Finance leases - - - - 9 9 -  Total $ - $ - $ - $ - $ 267 $ 267 $ -     December 31, 2016 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment>90 Days and Accruing  Notes receivable $ - $ - $ - $ - $ 487 $ 487 $ -  Finance leases - - - - 9 9 -  Total $ - $ - $ - $ - $ 496 $ 496 $ -   As of March 31, 2017 and December 31, 2016 , the Company had two notes receivable which were on non-accrual status (see Note 3).

Investment in Equipment and Lea

Investment in Equipment and Leases, Net	3 Months Ended
	Mar. 31, 2017
Investments in Equipment and Leases, Net [Abstract]
Investments in Equipment and Leases, Net	5. Investment in equipment and leases, net:  The Company’s investment in equipment and leases consists of the following (in thousands):     Depreciation/  Reclassifications Amortization  Balance & Expense or Balance  December 31, Additions / Amortization March 31,  2016 Dispositions of Leases 2017  Net investment in operating leases $ 33,116 $ (48) $ (1,222) $ 31,846  Net investment in direct financing leases 9 - - 9  Assets held for sale or lease, net 1,415 7 - 1,422  Initial direct costs, net of accumulated amortization of $219 at March 31, 2017 and $231 at December 31, 2016 153 - (20) 133  Total $ 34,693 $ (41) $ (1,242) $ 33,410  Impairment of investments in leases:  Depreciation expense and impairment losses on property of the following (in thousands):    Three Months Ended  March 31,  2017 2016  Depreciation of operating lease assets $ 1,222 $ 1,809  Impairment losses on equipment 11 -  Total $ 1,233 $ 1,809  For the three months ended March 31, 2017, the Company recorded impairment losses of $11 thousand to reduce the cost basis of certain-off lease construction equipment to its fair value. There was no impairment loss recorded during the first three months of 2016.  Recorded values of the Company’s leased asset portfolio are reviewed each quarter to confirm the reasonableness of established residual values and to determine whether there is indication that an asset impairment might have taken place.  The Company uses a variety of sources and considers many factors in evaluating whether the respective book values of its assets are appropriate. In addition, the Company may direct a residual value review at any time if it becomes aware of issues regarding the ability of a lessee to continue to make payments on its lease contract. An impairment loss is measured and recognized only if the estimated undiscounted future cash flows of the asset are less than their net book value. The estimated undiscounted future cash flows are the sum of the residual value of the asset at the end of the asset’s lease contract and undiscounted future rents from the existing lease contract, if any. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the marketplace are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date. Upward adjustments for impairments recognized in prior periods are not made in any circumstances.  The Company utilizes a straight-line depreciation method for equipment in all of the categories currently in its portfolio of lease transactions. Depreciation expense on the Company’s equipment was $ 1. 2 million and $ 1.8 million for the respective three months ended March 31, 2017 and 2016 . IDC amortization expense related to the Company’s operating leases and direct financing leases totaled $2 0 thousand and $2 8 thousand for the respective three months ended March 31, 2017 , and 2016 (see Note 3).  All of the Company’s leased property was acquired beginning in December 2011 through April 2015.  Operating leases:  Property on operating leases consists of the following (in thousands):     Balance Balance  December 31, Reclassifications March 31,  2016 Additions or Dispositions 2017  Marine vessel $ 19,410 $ - $ - $ 19,410  Transportation, rail 8,633 - - 8,633  Manufacturing 7,836 - - 7,836  Food processing 5,200 - - 5,200  Coal terminal 5,084 - - 5,084  Materials handling 3,498 - (106) 3,392  Construction 2,590 - - 2,590  Research 2,250 - - 2,250  Agriculture 2,112 - - 2,112  Aviation 722 - - 722  Computer 239 - (239) -  Transportation 48 - - 48  57,622 - (345) 57,277  Less accumulated depreciation (24,506) (1,222) 297 (25,431)  Total $ 33,116 $ (1,222) $ (48) $ 31,846  The average estimated residual value for assets on operating leases was 36% of the assets’ original cost at both March 31, 2017 and December 31, 2016 . There were no operating leases in non-accrual status as of March 31, 2017 and December 31, 2016 .  Direct financing leases:  As of March 31, 2017, investment in direct financing leases consists of materials handling equipment. The components of the Company’s investment in direct financing leases as of March 31, 2017 are as follows (in thousands):    March 31,  2017  Total minimum lease payments receivable $ 17  Estimated residual values of leased equipment (unguaranteed) 1  Investment in direct financing leases 18  Less unearned income (9)  Net investment in direct financing leases $ 9  There were no investments in direct financing leases in non-accrual status at March 31, 2017 and December 31, 2016 .  At March 31, 2017, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):     Operating Leases Direct Financing Leases Total  Nine months ending December 31, 2017 $ 4,252 $ 5 $ 4,257  Year ending December 31, 2018 5,326 6 5,332  2019 2,471 6 2,477  2020 1,099 - 1,099  2021 884 - 884  2022 773 - 773  Thereafter 112 - 112  $ 14,917 $ 17 $ 14,934   The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of March 31, 2017, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):     Equipment category Useful Life  Coal terminal 50-60  Transportation, rail 35-40  Marine vessel 20-30  Aviation 15-20  Manufacturing 10-15  Agriculture 7-10  Construction 7-10  Food processing 7-10  Materials handling 7-10  Transportation 7-10  Research 5-7 

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	6. Related party transactions:  The terms of the Operating Agreement provide that the Managing Member and/or affiliates are entitled to receive certain fees for equipment management and resale and for management of the Company.  The Operating Agreement allows for the reimbursement of costs incurred by the Managing Member and/or affiliates for providing administrative services to the Company. Administrative services provided include Company accounting, investor relations, legal counsel and equipment financing documentation. The Managing Member is not reimbursed for services whereby it is entitled to receive a separate fee as compensation for such services, such as management of investments. Each of AFS and ATEL Leasing Corporation (“ALC”) is a wholly-owned subsidiary of ATEL Capital Group and performs services for the Company on behalf of the Managing Member. Acquisition services, equipment management, lease administration and asset disposition services are performed by ALC; investor relations, communications and general administrative services are performed by AFS.  Cost reimbursements to the Managing Member or its affiliates are based on its costs incurred in performing administrative services for the Company. These costs are allocated to each managed entity based on certain criteria such as total assets, number of investors or contributed capital based upon the type of cost incurred. The Managing Member believes that the costs reimbursed are the lower of (i) actual costs incurred on behalf of the Company or (ii) the amount the Company would be required to pay independent parties for comparable administrative services in the same geographic location.  During the respective three months ended March 31, 2017 and 2016, the Managing Member and/or affiliates earned fees and billed for reimbursements of costs and expenses pursuant to the Operating Agreement as follows (in thousands):     Three Months Ended  March 31,  2017 2016  Administrative costs reimbursed to Managing Member and/or affiliates $ 233 $ 220  Asset management fees to Managing Member 82 120  Acquisition and initial direct costs paid to Managing Member - 1  $ 315 $ 341 

Non-Recourse Debt

Non-Recourse Debt	3 Months Ended
	Mar. 31, 2017
Non-Recourse Debt [Abstract]
Non-Recourse Debt	7. Non-recourse debt:  At March 31, 2017 , non-recourse debt consists of notes payable to financial institutions. The note payments are due in monthly installments. Interest on the notes range from 2. 22 % to 3.66% per annum. The notes are secured by assignments of lease payments and pledges of assets. At March 31, 2017 , gross operating lease rentals and future payments on direct financing leases totaled approximately $ 7.6 million over the remaining lease terms and the carrying value of the pledged assets is $ 18 . 3 million. The notes mature from 201 7 through 2020 .  The non-recourse debt does not contain any material financial covenants. The debt is secured by a lien granted by the Company to the non-recourse lenders on (and only on) the discounted lease transactions. The lenders have recourse only to the following collateral: the specific leased equipment; the related lease chattel paper; the lease receivables; and proceeds of the foregoing items. The non-recourse obligation is payable solely out of the respective specific security and the Company does not guarantee (nor is the Company otherwise contractually responsible for) the payment of the non-recourse debt as a general obligation or liability of the Company. Although the Company does not have any direct or general liability in connection with the non-recourse debt apart from the security granted, the Company is directly and generally liable and responsible for certain representations, warranties, and covenants made to the lenders, such as warranties as to genuineness of the transaction parties' signatures, as to the genuineness of the respective lease chattel paper or the transaction as a whole, or as to the Company's good title to or perfected interest in the secured collateral, as well as similar representations, warranties and covenants typically provided by non-recourse borrowers and customary in the equipment finance industry, and are viewed by such industry as being consistent with non-recourse discount financing obligations. Accordingly, as there are no financial covenants or ratios imposed on the Company in connection with the non-recourse debt, the Company has determined that there are no material covenants with respect to the non-recourse debt that warrant footnote disclosure.  Future minimum payments of non-recourse debt are as follows (in thousands):     Principal Interest Total  Nine months ending December 31, 2017 $ 2,710 $ 140 $ 2,850  Year ending December 31, 2018 3,486 94 3,580  2019 1,146 16 1,162  2020 45 - 45  $ 7,387 $ 250 $ 7,637 

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2017
Long-Term Debt [Abstract]
Long-Term Debt	8. Long-term debt:  As of March 31, 2017 , the $2.1 million of long-term debt consists of a note payable to a lender. Such debt was utilized during the fourth quarter of 2013 to partially fund the marine vessel and related bareboat charter purchased by the Fund and its affiliate, ATEL 14, LLC. The note bears interest at a fixed-rate of 3.5% per annum, to accrue in arrears on a monthly basis . The full pro rata principal amount of $2.1 million plus all outstanding accrued and unpaid interest of approximately $400 thousand shall be paid in one payment of $2.5 million due on May 25, 2019 . The note is recourse to the residual value of the vessel which is expected to be well in excess of the note amount. In addition, the lender has recourse to the Fund’s general assets up to $2.5 million. The note does not contain any material financial covenants and is guaranteed as a senior obligation of the Fund.

Borrowing Facilities

Borrowing Facilities	3 Months Ended
	Mar. 31, 2017
Borrowing Facilities [Abstract]
Borrowing Facilities	9. Borrowing facilities:  Effective May 25, 2012, the Company participates with AFS and certain of its affiliates in a revolving credit facility (the “Credit Facility”) with a syndicate of financial institutions as lenders. The Credit Facility is comprised of a working capital facility to AFS, an acquisition facility (the “Acquisition Facility”), Institutional Leasing Sub Facility, and a warehouse facility (the “Warehouse Facility”) to AFS, the Company and affiliates, and a venture facility available to an affiliate . As of March 31, 2017 , the Credit Facility is for an amount up to $75.0 million and is set to expire on June 30, 2017 . Negotiations for the extension of the credit facility to June 30, 2019 and the addition of an affiliated company, ATEL 17, LLC to the credit facility are currently underway, and expected to be finalized well in advance of such current expiration. The lending syndicate providing the Credit Facility has a blanket lien on all of the Company’s assets as collateral for any and all borrowings under the Acquisition Facility, and on a pro-rata basis under the Warehouse Facility. Such Credit Facility includes certain financial covenants.  As of March 31, 2017 and December 31, 2016, borrowings under the Credit Facility were as follows (in thousands):    March 31, December 31,  2017 2016  Total available under the financing arrangement $ 75,000 $ 75,000  Amount borrowed by the Company under the acquisition facility - -  Amounts borrowed by affiliated partnerships and limited liability companies under the working capital, acquisition and warehouse facilities (1,015) (1,030)  Amounts borrowed by institutional leasing trust under institutional line - (8,488)  Total remaining available under the working capital, acquisition and warehouse facilities $ 73,985 $ 65,482  The Company and its affiliates pay an annual commitment fee to have access to this line of credit. As of March 31, 2017 , the aggregate amount of the Credit Facility is potentially available to the Company, subject to certain sub-facility and borrowing-base limitations. However, as amounts are drawn on the Credit Facility by each of the Company and the affiliates who are borrowers under the Credit Facility, the amount remaining available to all borrowers to draw under the Credit Facility is reduced. As the Warehousing Facility is a short term bridge facility, any amounts borrowed under the Warehousing Facility, and then repaid by the affiliated borrowers (including the Company) upon allocation of an acquisition to a specific purchaser, become available under the Warehouse Facility for further short term borrowing.  As of March 31, 2017 , the Company’s Tangible Net Worth requirement under the Credit Facility was $ 10.0 million, the permitted maximum leverage ratio was not to exceed 1.25 to 1, and the required minimum interest coverage ratio was not to be less than 2 to 1. The Company was in compliance with these financial covenants under the Credit Facility with a minimum Tangible Net Worth, leverage ratio and interest coverage ratio, as calculated per the Credit Facility agreement of $ 25.4 million, 0.37 to 1, and 21.86 to 1, respectively, as of March 31, 2017 . As such, as of March 31, 2017 , the Company was in compliance with all material financial covenants, and with all other material conditions of the Credit Facility. The Company does not anticipate any covenant violations nor does it anticipate that any of these covenants will restrict its operations or its ability to procure additional financing.  Fee and interest terms  The interest rate on the Credit Facility is based on either the LIBOR/Eurocurrency rate of 1-, 2-, 3- or 6-month maturity plus a lender designated spread, or the bank’s Prime rate, which re-prices daily. Principal amounts of loans made under the Credit Facility that are prepaid may be re-borrowed on the terms and subject to the conditions set forth under the Credit Facility.  Warehouse facility  To hold the assets under the Warehousing Facility prior to allocation to specific investor programs, a Warehousing Trust has been entered into by the Company, AFS, ALC, and certain of the affiliated partnerships and limited liability companies. The Warehousing Trust is used by the Warehouse Facility borrowers to acquire and hold, on a short-term basis, certain lease transactions that meet the investment objectives of each of such entities. Each of the leasing programs sponsored by AFS and ALC is a pro rata participant in the Warehousing Trust, as described below. When a program no longer has a need for short term financing provided by the Warehousing Facility, it is removed from participation, and as new leasing investment entities are formed by AFS and ALC and commence their acquisition stages, these new entities are added.  As of March 31, 2017 , the investment program participants were ATEL 14, LLC, the Company and ATEL 16, LLC. Pursuant to the Warehousing Trust, the benefit of the lease transaction assets, and the corresponding liabilities under the Warehouse Facility, inure to each of such entities based upon each entity’s pro-rata share in the Warehousing Trust estate. The “pro-rata share” is calculated as a ratio of the net worth of each entity over the aggregate net worth of all entities benefiting from the Warehousing Trust estate, excepting that the trustees, AFS and ALC, are both jointly and severally liable for the pro rata portion of the obligations of each of the affiliated partnerships and limited liability companies participating under the Warehouse Facility. Transactions are financed through this Warehouse Facility only until the transactions are allocated to a specific program for purchase or are otherwise disposed by AFS and ALC. When a determination is made to allocate the transaction to a specific program for purchase by the program, the purchaser repays the debt associated with the asset, either with cash or by means of proceeds of a draw under the Acquisition Facility, and the asset is removed from the Warehouse Facility collateral, and ownership of the asset and any debt obligation associated with the asset are assumed solely by the purchasing entity.  There were no borrowings under the Warehouse Facility as of March 31, 2017 and December 31, 2016 .

Commitments

Commitments	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies [Abstract]
Commitments	10 . Commitments:  At March 31, 2017 , there were no commitments to fund investments in notes receivable and to purchase lease assets. 

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies [Abstract]
Contingencies	11. Contingencies:  On April 20, 2017 the Company, along with certain affiliates, was served a suit by a lessee of the Company in an action for declaratory relief to determine the fair market value of the leased equipment at the end of the initial lease term, December 31, 2016. The Company and its affiliates counter-claimed for a determination of the fair market value, and for holdover rent. Management believes it has a high likelihood of prevailing in all or a part of its claims, and reasonably expects that ultimate resolution of the dispute will be in amounts in excess of current book value. As such, no amounts have been considered with respect to recording of any impairment on this lease.

Members' Capital

Members' Capital	3 Months Ended
	Mar. 31, 2017
Members' Capital [Abstract]
Members' Capital	1 2 . Members’ Capital:  A total of 6,56 4 ,542 and 6,584,221 Units were issued and outstanding at March 31, 2017 and December 31, 2016 , respectively, including the 50 Units issued to the initial Member (Managing Member) . The Fund was authorized to issue up to 15,000,000 Units in addition to the Units issued to the initial Member.  Distributions to the Other Members for the three months ended March 31, 2017 and 2016 were as follows (in thousands, except as to Units and per Unit data):     Three Months Ended  March 31,  2017 2016  Distributions declared $ 1,479 $ 1,486  Weighted average number of Units outstanding 6,574,176 6,606,921  Weighted average distributions per Unit $ 0.22 $ 0.22 

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
Fair Value Measurements [Abstract]
Fair Value Measurements	1 3 . Fair value measurements:  At March 31, 2017 and December 31, 2016 , only the Company’s warrants were measured on a recurring basis. In addition, certain notes receivable deemed impaired were measured at fair value on a non-recurring basis as of March 31, 2017 and December 31, 2016 .  The measurement methodology is as follows:  Warrants (recurring)  Warrants owned by the Company are not registered for public sale, but are considered derivatives and are carried on the balance sheet at an estimated fair value at the end of the period. The valuation of the warrants was determined using a Black-Scholes formulation of value based upon the stock price(s), the exercise price(s), the volatility of comparable venture companies, and a risk free interest rate for the term(s) of the warrant exercise(s). The calculated fair value of the Fund’s warrant portfolio approximated $415 thousand and $390 thousand at March 31, 2017 and December 31, 2016 , respectively. Such valuations are classified within Level 3 of the valuation hierarchy.  The fair value of warrants that were accounted for on a recurring basis classified as Level 3 are as follows (in thousands):     Three Months Ended  March 31,  2017 2016  Fair value of warrants at beginning of period $ 390 $ 770  Unrealized gain on fair valuation of warrants 25 4  Fair value of warrants at end of period $ 415 $ 774  Impaired notes receivable (non-recurring)  The fair value of the Company’s notes receivable, when impairment adjustments are required, is estimated using either third party appraisals or estimations of the value of collateral (for collateral dependent loans) or discounted cash flow analyses (by discounting estimated future cash flows) using the effective interest rate contained in the terms of the original loan. During the first three months ended March 31, 2017 and 2016 , the Company had , recorded $0 and $5 thousand, respectively, fair value adjustments relative to two impaired notes.  The fair value adjustments recorded were non-recurring and were based upon an estimated valuation of underlying collateral. Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired notes receivable is classified within Level 3 of the valuation hierarchy. The valuation utilizes a market approach technique and uses inputs from third party appraisers that utilize current market transactions as adjusted for certain factors specific to the underlying collateral.  Impaired off-lease equipment (non-recurring)  During the three months ended March 31, 2017 and 2016, the Company recorded fair value adjustments totaling $11 thousand and $0, respectively, to reduce the cost basis of certain-off lease construction equipment (assets) deemed impaired. The fair value adjustments recorded during the three months ended March 31, 2017 were non-recurring.  Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of the impaired lease assets were classified within Level 3 of the valuation hierarchy as the data source utilized for the valuation of such assets reflect significant inputs that are unobservable in the market. Such valuation utilizes a market approach technique and uses inputs that reflect the sales price of similar assets sold by affiliates and /or information from third party remarketing agents not readily available in the market.   The following table presents the fair value measurement of impaired assets measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at March 31, 2017 and December 31, 2016 (in thousands):     March 31, Level 1 Estimated Level 2 Estimated Level 3 Estimated  2017 Fair Value Fair Value Fair Value  Impaired notes receivable, net $ 15 $ - $ - $ 15      December 31, Level 1 Estimated Level 2 Estimated Level 3 Estimated  2016 Fair Value Fair Value Fair Value  Impaired notes receivable, net $ 16 $ - $ - $ 16  The following tables summarize the valuation techniques and significant unobservable inputs used for the Company’s recurring and non-recurring fair value calculation categorized as Level 3 in the fair value hierarchy at March 31, 2017 and December 31, 2016:     March 31, 2017  Valuation Valuation Unobservable Range of Input  Name Frequency Technique Inputs Values  Warrants Recurring Black-Scholes formulation Stock price $0.00 - $14.75  Exercise price $0.01 - $1,000.00  Time to maturity (in years) 3.37 - 8.83  Risk-free interest rate 1.57% - 2.33%  Annualized volatility 44.01% - 91.25%   Impaired Lease Equipment Non-recurring Market Approach Third Party Agents' estimate of the value of collateral $3,750 (total of $15,000 )  Condition of collateral (equipment) Poor to Average   December 31, 2016  Valuation Valuation Unobservable Range of Input  Name Frequency Technique Inputs Values  Warrants Recurring Black-Scholes formulation Stock price $0.00 - $14.75  Exercise price $0.43 - $1,000.00  Time to maturity (in years) 3.62 - 9.08  Risk-free interest rate 1.60% - 2.39%  Annualized volatility 43.96% - 90.59%   Notes Receivable Non-recurring Market Approach Third Party Agents' estimate of the value of collateral $5,174 - $12,065  Condition of collateral (equipment) Poor to Average  The following disclosure of the estimated fair value of financial instruments is made in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification. Fair value estimates, methods and assumptions, set forth below for the Company’s financial instruments, are made solely to comply with the requirements of the Financial Instruments Topic and should be read in conjunction with the Company’s financial statements and related notes.  The Company has determined the estimated fair value amounts by using market information and valuation methodologies that it considers appropriate and consistent with the fair value accounting guidance. Considerable judgment is required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize or has realized in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.  Cash and cash equivalents  The recorded amounts of the Company’s cash and cash equivalents approximate fair value because of the liquidity and short-term maturity of these instruments.  Notes receivable  The fair value of the Company’s notes receivable is generally estimated based upon various methodologies deployed by financial and credit management including, but not limited to, credit analysis, third party appraisal and/or discounted cash flow analysis based upon current market valuation techniques and market rates for similar types of lending arrangements, which may consider adjustments for impaired loans as deemed necessary.  Investment in securities  The Company’s investment securities are not registered for public sale and are carried at cost which management believes approximates fair value, as appropriately adjusted for impairment.  Non-recourse and Long-term debt  The fair value of the Company’s non-recourse debt is estimated using discounted cash flow analyses, based upon current market borrowing rates for similar types of borrowing arrangements.  Commitments and Contingencies  Management has determined that no recognition for the fair value of the Company’s loan commitments is necessary because their terms are made on a market rate basis and require borrowers to be in compliance with the Company’s credit requirements at the time of funding.  The fair value of contingent liabilities (or guarantees) is not considered material because management believes there has been no event that has occurred wherein a guarantee liability has been incurred or will likely be incurred.  T he following tables present estimated fair values of the Company’s financial instruments in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification at March 31, 2017 and December 31, 2016 (in thousands):     March 31, 2017  Carrying Amount Level 1 Level 2 Level 3 Total  Financial assets:  Cash and cash equivalents $ 2,113 $ 2,113 $ - $ - $ 2,113  Notes receivable, net 203 - - 203 203  Investment in securities 183 - - 183 183  Warrants, fair value 415 - - 415 415   Financial liabilities:  Non-recourse debt 7,387 - - 7,418 7,418  Long-term debt 2,068 - - 2,342 2,342             December 31, 2016  Carrying Amount Level 1 Level 2 Level 3 Total  Financial assets:  Cash and cash equivalents $ 2,577 $ 2,577 $ - $ - $ 2,577  Notes receivable, net 432 - - 432 432  Investment in securities 183 - - 183 183  Warrants, fair value 390 - - 390 390   Financial liabilities:  Non-recourse debt 8,332 - - 8,370 8,370  Long-term debt 2,068 - - 2,324 2,324 

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of presentation:  The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q as mandated by the Securities and Exchange Commission. The unaudited interim financial statements reflect all adjustments which are, in the opinion of the Managing Member, necessary for a fair statement of financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year. Certain months prior period amounts may have been reclassified to conform to the current period presentation. These reclassifications had no significant effect on the reported financial position or results of operations.  Footnote and tabular amounts are presented in thousands, except as to Units and per Unit data.  In preparing the accompanying financial statements, the Company has reviewed, as determined necessary by the Managing Member, events that have occurred after March 31, 2017 up until the issuance of the financial statements. No events were noted which would require additional disclosure in the footnotes to the financial statements.
Use of Estimates	Use of Estimates:  The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates. Such estimates primarily relate to the determination of residual values at the end of the lease term and expected future cash flows used for impairment analysis purposes and determination of the allowance for doubtful accounts and reserve for credit losses on notes receivable.
Segment Reporting	Segment reporting:  The Company is organized into one operating segment for the purpose of making operating decisions or assessing performance. Accordingly, the Company operates in one reportable operating segment in the United States.  The primary geographic region in which the Company seeks leasing and financing opportunities is North America. All of the Company’s current operating revenues and long-lived assets relate to cust omers domiciled in the United States . 
Accounts Receivable	Accounts receivable  Accounts receivable represent the amounts billed under operating and direct financing lease contracts, and notes receivable which are currently due to the Company.  Allowances for doubtful accounts are typically established based upon their aging and historical charge off and collection experience and the creditworthiness of specifically identified lessees and borrowers, and invoiced amounts. Accounts receivable deemed uncollectible are generally charged off against the allowance on a specific identification basis. Recoveries of amounts that were previously written-off are recorded as other income in the period received.  Accounts receivable are generally placed in a non-accrual status (i.e., no revenue is recognized) when payments are more than 90 days past due. Additionally, management periodically reviews the creditworthiness of companies with lease or note payments outstanding less than 90 days. Based upon management’s judgment, such leases or notes may be placed in non-accrual status. Leases or notes placed on non-accrual status are only returned to an accrual status when the account has been brought current and management believes recovery of the remaining unpaid receivable is probable. Until such time, revenues on operating leases are recognized on a cash basis. All payments received on amounts billed under direct financing leases and notes receivable are applied only against outstanding principal balances.
Financing Receivables	Financing receivables  In addition to the allowance established for delinquent accounts receivable, the total allowance related solely to financing receivables also includes anticipated impairment charges on notes receivable and direct financing leases.  Notes are considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal and/or interest when due according to the contractual terms of the note agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. If it is determined that a loan is impaired with regard to scheduled payments, the Company will perform an analysis of the note to determine if an impairment valuation reserve is necessary. This analysis considers the estimated cash flows from the note, or the collateral value of the property underlying the note when note repayment is collateral dependent. Any required valuation reserve is charged to earnings when determined; and notes are charged off to the allowance as they are deemed uncollectible.  The asset underlying a direct financing lease contract is considered impaired if the estimated undiscounted future cash flows of the asset are less than its net book value. The estimated undiscounted future cash flows are the sum of the estimated residual value of the asset at the end of the asset’s expected holding period and estimates of undiscounted future rents. The residual value assumes, among other things, that the asset is utilized normally in an open, unrestricted and stable market. Short-term fluctuations in the market place are disregarded and it is assumed that there is no necessity either to dispose of a significant number of the assets, if held in quantity, simultaneously or to dispose of the asset quickly. Impairment is measured as the difference between the fair value (as determined by a valuation method using discounted estimated future cash flows, third party appraisals or comparable sales of similar assets as applicable based on asset type) of the asset and its carrying value on the measurement date. 
Investment in Securities	Investment in securities:  From time to time, the Company may purchase securities of its borrowers or receive warrants to purchase securities in connection with its lending arrangements.  Purchased securities  Purchased securities are generally not registered for public sale and are carried at cost. Such securities are adjusted to fair value if the fair value is less than the carrying value and such impairment is deemed by the Managing Member to be other than temporary. Factors considered by the Managing Member in determining fair value include, but are not limited to, available financial information, the issuer’s ability to meet its current obligations and indications of the issuer’s subsequent ability to raise capital. The Company had $183 thousand of purchased securities at both March 31, 2017 and December 31, 2016 . There was no gain on sales or dispositions of investment in securities during the three months ended March 31, 2017 and 2016 . Based upon the Company’s review of its portfolio, no fair value adjustment was deemed necessary for the three months ended March 31, 2017 and 2016 .  Warrants  Warrants owned by the Company are not registered for public sale, but are considered derivatives and are reflected at an estimated fair value on the balance sheet, as determined by the Managing Member. During the three months ended March 31, 2017 and 2016 , the Company recorded an unrealized gain of $2 5 thousand and $4 thousand, respectively, on fair valuation of its warrants. As of March 31, 2017 and December 31, 2016 , the estimated fair value of the Company’s portfolio of warrants amounted to $415 thousand and $390 thousand, respectively. There were no exercises of warrants, net or otherwise, during the three months ended March 31, 2017 and 2016 .
Per Unit Data	Per Unit data:  The Company issues only one class of Units, none of which are considered dilutive. Net income (loss) and distributions per Unit is based upon the weighted average number of Other Members Units outstanding during the period.
Fair Value	Fair Value:  Fair value measurements and disclosures are based on a fair value hierarchy as determined by significant inputs used to measure fair value. The three levels of inputs within the fair value hierarchy are defined as follows:  Level 1 – Quoted prices in active markets for identical assets or liabilities. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.  Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuations in which all significant inputs are observable in the market.  Level 3 – Valuation is modeled using significant inputs that are unobservable in the market. These unobservable inputs reflect the Company's own estimates of assumptions that market participants would use in pricing the asset or liability.  The Company’s valuation policy is determined by members of the Asset Management, Credit and Accounting departments. Whenever possible, the policy is to obtain quoted market prices in active markets to estimate fair values for recognition and disclosure purposes. Where quoted market prices in active markets are not available, fair values are estimated using discounted cash flow analyses, broker quotes, information from third party remarketing agents, third party appraisals of collateral and/or other valuation techniques. These techniques are significantly affected by certain of the Company’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs are not considered in estimating fair values. As the Company is responsible for determining fair value, an analysis is performed on prices obtained from third parties. Such analysis is performed by asset management and credit department personnel who are familiar with the Company’s investments in equipment, notes receivable and equity securities of venture companies. The analysis may include a periodic review of price fluctuations and validation of numbers obtained from a specific third party by reference to multiple representative sources.
Recent Accounting Pronouncements	Recent accounting pronouncements:  In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-15 —Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 addresses specific cash flow issues with the objective of reducing the existing diversity in practice. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. Management is currently evaluating the standard and its impact on operations and financial reporting.  In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments – Credit Losses (Topic 326) (“ASU 2016-13”). The main objective of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this Update replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. The amendments affect entities holding financial assets and net investment in leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018. Management is currently evaluating the standard and its operational and related disclosure requirements.  In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (Topic 842) (“ASU 2016-02”). The new standard will require lessees to recognize lease assets and lease liabilities arising from operating leases with lease terms greater than 12 months in the statement of financial position. Lessor accounting per ASU 2016-02 is mostly unchanged from the previous lease accounting GAAP. Certain changes were made to the lessor accounting guidance in order to align the lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. Similar to the previous guidance, lessors will classify leases as operating, direct financing, or sales-type. Lessors in operating leases will continue to recognize the underlying asset and recognize income on a straight-line basis. Lessors determine whether a lease is a sale of the underlying asset based on whether the lessee effectively obtains control of the underlying assets. ASU-2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. Management will adopt the standard and is currently evaluating the standard and its operational and related disclosure requirements.  In January 2016, the FASB issued Accounting Standards Update 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). The new standard provides guidance related to accounting for equity investments and financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. ASU 2016-01 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the standard and its operational and related disclosure requirements.  In August 2014, the FASB issued Accounting Standards Update 2014-15, Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU-2014-15”). The new standard provides guidance relative to 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 new standard is effective for annual periods ending after December 15, 2016, and interim periods within annual periods , beginning after December 15, 2016. Early adoption is permitted. Management adopted the standard and the adoption of ASU 2014-15 did not have a material impact on the Company’s financial statements or related disclosures.  In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which amends the existing accounting standards for revenue recognition. ASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 by one year and in August 2015, issued Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date (“ASU 2015-14”). ASU 2015-14 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company evaluated the impact of the new standard on its financial statements and has determined that such impact is virtually non-existent as the new revenue guideline does not affect revenues from leases and loans, which comprise the majority of the Company’s revenues.

Notes Receivable, Net (Tables)

Notes Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Receivable, Net
Schedule of Notes Receivable on Non-Accrual Status	At both March 31, 2017 and December 31, 2016, two of the Company’s notes receivable were on non-accrual status. Details are as follows, in thousands, except for the number of notes receivable and the annual rate:     Notes receivable  Non-accrual  March 31, 2017 December 31, 2016  Number of notes 2 2  Net investment value $ 56 $ 71  Annual interest rate 18.00% 18.00%  Fair value adjustments $ 55 $ 55  Fair value amount $ 1 $ 16  Interest income not recorded relative to original terms $ 7 $ 7      Date Note modification  December 1, 2014 Notes placed on non-accrual status.  January 1, 2015 Defer payment of principal, interest-only payments  at their original rates through June 30, 2015.  Payments will be adjusted so ultimate amounts paid will reflect interest  earned at 18% per annum related to the entire term from the original funding date.  1st quarter 2015 Impairment totaling $27 thousand was recorded.  3rd quarter 2015 Impairment totaling $23 thousand was recorded.  4th quarter 2015 Extend interest only payments through June 30, 2016.  Entire balance on the notes due on July 1, 2016.  1st quarter 2016 Impairment totaling $5 thousand was recorded.  3rd quarter 2016 Final payment due on January 1, 2017  1st quarter 2017 Extend payment schedule through January 1, 2020. Term loan  matures on January 1, 2020. 
Minimum Future Payments Receivable	As of March 31, 2017, the minimum future payments receivable are as follows (in thousands):     Nine months ending December 31, 2017 $ 199  Year ending December 31, 2018 118  2019 58  Total 375  Less: portion representing unearned interest income (117)  258  Less: allowance for credit losses (55)  Notes receivable, net $ 203 
Initial Direct Costs, Amortization Expense Related to Notes Receivable and Company's Operating and Direct Finance Leases	Initial direct costs (“IDC”) amortization expense related to notes receivable and the Company’s operating and direct financing leases for the three months ended March 31, 2017 and 2016 are as follows (in thousands):     Three Months Ended  March 31,  2017 2016  IDC amortization - notes receivable $ 1 $ 1  IDC amortization - lease assets 20 28  Total $ 21 $ 29 

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Allowance for Credit Losses [Abstract]
Activity in Allowance for Doubtful Accounts and Credit Losses	The Company’s allowance for credit losses are as follows (in thousands):     Accounts Receivable Allowance for Doubtful Accounts Valuation Adjustments On Financing Receivables Total  Operating Leases Notes Receivable Allowance for Credit Losses  Balance December 31, 2015 $ 2 $ 50 $ 52  Provision for credit losses 43 5 48  Balance December 31, 2016 45 55 100  Reversal of provision for credit losses (1) - (1)  Balance March 31, 2017 $ 44 $ 55 $ 99 
Recorded Investment in Financing Receivables	The Company’s allowance for credit losses (related solely to financing receivables) and its recorded investment in financing receivables as of March 31, 2017 and December 31, 2016 were as follows (in thousands):     March 31, 2017 Notes Receivable Finance Leases Total  Allowance for credit losses:  Ending balance $ 55 $ - $ 55  Ending balance: individually evaluated for impairment $ 55 $ - $ 55  Ending balance: collectively evaluated for impairment $ - $ - $ -   Financing receivables:  Ending balance $ 258 $ 9 $ 267  Ending balance: individually evaluated for impairment $ 258 $ 9 $ 267  Ending balance: collectively evaluated for impairment $ - $ - $ -     December 31, 2016 Notes Receivable Finance Leases Total  Allowance for credit losses:  Ending balance $ 55 $ - $ 55  Ending balance: individually evaluated for impairment $ 55 $ - $ 55  Ending balance: collectively evaluated for impairment $ - $ - $ -   Financing receivables:  Ending balance $ 487 1 $ 9 $ 496  Ending balance: individually evaluated for impairment $ 487 $ 9 $ 496  Ending balance: collectively evaluated for impairment $ - $ - $ -  1 Includes $1 of unamortized initial direct costs. 
Financing Receivables by Credit Quality Indicator and by Class	At March 31, 2017 and December 31, 2016, the Company’s financing receivables by credit quality indicator and by class of financing receivables are as follows (excludes initial direct costs) (in thousands):     Notes Receivable Finance Leases  March 31, 2017 December 31, 2016 March 31, 2017 December 31, 2016  Pass $ 202 $ 416 $ 9 $ 9  Special mention 56 - - -  Substandard - 71 - -  Doubtful - - - -  Total $ 258 $ 487 $ 9 $ 9 
Schedule of Impaired Loans	As of March 31, 2017 and December 31, 2016, the Company’s impaired loans were as follows (in thousands):     March 31, 2017  Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized  With no related allowance recorded  Notes receivable $ - $ - $ - $ - $ -  With an allowance recorded  Notes receivable 56 56 55 56 -  Total $ 56 $ 56 $ 55 $ 56 $ -     December 31, 2016  Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized  With no related allowance recorded  Notes receivable $ - $ - $ - $ - $ -  With an allowance recorded  Notes receivable 71 71 55 75 -  Total $ 71 $ 71 $ 55 $ 75 $ - 
Net Investment in Financing Receivables by Age	At March 31, 2017 and December 31, 2016, investment in financing receivables is aged as follows (in thousands):     March 31, 2017 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment>90 Days and Accruing  Notes receivable $ - $ - $ - $ - $ 258 $ 258 $ -  Finance leases - - - - 9 9 -  Total $ - $ - $ - $ - $ 267 $ 267 $ -     December 31, 2016 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Financing Receivables Recorded Investment>90 Days and Accruing  Notes receivable $ - $ - $ - $ - $ 487 $ 487 $ -  Finance leases - - - - 9 9 -  Total $ - $ - $ - $ - $ 496 $ 496 $ - 

Investment in Equipment and L23

Investment in Equipment and Leases, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Investments in Equipment and Leases, Net [Abstract]
Investment in Leases	The Company’s investment in equipment and leases consists of the following (in thousands):     Depreciation/  Reclassifications Amortization  Balance & Expense or Balance  December 31, Additions / Amortization March 31,  2016 Dispositions of Leases 2017  Net investment in operating leases $ 33,116 $ (48) $ (1,222) $ 31,846  Net investment in direct financing leases 9 - - 9  Assets held for sale or lease, net 1,415 7 - 1,422  Initial direct costs, net of accumulated amortization of $219 at March 31, 2017 and $231 at December 31, 2016 153 - (20) 133  Total $ 34,693 $ (41) $ (1,242) $ 33,410 
Schedule of Depreciation Expense and Impairment Losses of Investments in Leases	Depreciation expense and impairment losses on property of the following (in thousands):    Three Months Ended  March 31,  2017 2016  Depreciation of operating lease assets $ 1,222 $ 1,809  Impairment losses on equipment 11 -  Total $ 1,233 $ 1,809 
Property on Operating Leases	Property on operating leases consists of the following (in thousands):     Balance Balance  December 31, Reclassifications March 31,  2016 Additions or Dispositions 2017  Marine vessel $ 19,410 $ - $ - $ 19,410  Transportation, rail 8,633 - - 8,633  Manufacturing 7,836 - - 7,836  Food processing 5,200 - - 5,200  Coal terminal 5,084 - - 5,084  Materials handling 3,498 - (106) 3,392  Construction 2,590 - - 2,590  Research 2,250 - - 2,250  Agriculture 2,112 - - 2,112  Aviation 722 - - 722  Computer 239 - (239) -  Transportation 48 - - 48  57,622 - (345) 57,277  Less accumulated depreciation (24,506) (1,222) 297 (25,431)  Total $ 33,116 $ (1,222) $ (48) $ 31,846 
Components of Company's Investment in Direct Financing Leases	As of March 31, 2017, investment in direct financing leases consists of materials handling equipment. The components of the Company’s investment in direct financing leases as of March 31, 2017 are as follows (in thousands):    March 31,  2017  Total minimum lease payments receivable $ 17  Estimated residual values of leased equipment (unguaranteed) 1  Investment in direct financing leases 18  Less unearned income (9)  Net investment in direct financing leases $ 9 
Future Minimum Lease Payments Receivable	At March 31, 2017, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands):     Operating Leases Direct Financing Leases Total  Nine months ending December 31, 2017 $ 4,252 $ 5 $ 4,257  Year ending December 31, 2018 5,326 6 5,332  2019 2,471 6 2,477  2020 1,099 - 1,099  2021 884 - 884  2022 773 - 773  Thereafter 112 - 112  $ 14,917 $ 17 $ 14,934 
Schedule of Useful Lives of Assets	The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of March 31, 2017, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years):     Equipment category Useful Life  Coal terminal 50-60  Transportation, rail 35-40  Marine vessel 20-30  Aviation 15-20  Manufacturing 10-15  Agriculture 7-10  Construction 7-10  Food processing 7-10  Materials handling 7-10  Transportation 7-10  Research 5-7 

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Managing Member and/or Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement	During the respective three months ended March 31, 2017 and 2016, the Managing Member and/or affiliates earned fees and billed for reimbursements of costs and expenses pursuant to the Operating Agreement as follows (in thousands):     Three Months Ended  March 31,  2017 2016  Administrative costs reimbursed to Managing Member and/or affiliates $ 233 $ 220  Asset management fees to Managing Member 82 120  Acquisition and initial direct costs paid to Managing Member - 1  $ 315 $ 341 

Non-Recourse Debt (Tables)

Non-Recourse Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Non-Recourse Debt [Abstract]
Future Minimum Payments of Non-Recourse Debt	Future minimum payments of non-recourse debt are as follows (in thousands):     Principal Interest Total  Nine months ending December 31, 2017 $ 2,710 $ 140 $ 2,850  Year ending December 31, 2018 3,486 94 3,580  2019 1,146 16 1,162  2020 45 - 45  $ 7,387 $ 250 $ 7,637 

Borrowing Facilities (Tables)

Borrowing Facilities (Tables)	3 Months Ended
	Mar. 31, 2017
Borrowing Facilities [Abstract]
Borrowings Under Facility	As of March 31, 2017 and December 31, 2016, borrowings under the Credit Facility were as follows (in thousands):    March 31, December 31,  2017 2016  Total available under the financing arrangement $ 75,000 $ 75,000  Amount borrowed by the Company under the acquisition facility - -  Amounts borrowed by affiliated partnerships and limited liability companies under the working capital, acquisition and warehouse facilities (1,015) (1,030)  Amounts borrowed by institutional leasing trust under institutional line - (8,488)  Total remaining available under the working capital, acquisition and warehouse facilities $ 73,985 $ 65,482 

Members' Capital (Tables)

Members' Capital (Tables)	3 Months Ended
	Mar. 31, 2017
Members' Capital [Abstract]
Distributions to Other Members	Distributions to the Other Members for the three months ended March 31, 2017 and 2016 were as follows (in thousands, except as to Units and per Unit data):     Three Months Ended  March 31,  2017 2016  Distributions declared $ 1,479 $ 1,486  Weighted average number of Units outstanding 6,574,176 6,606,921  Weighted average distributions per Unit $ 0.22 $ 0.22 

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Measurements [Abstract]
Fair Value of Warrants that Were Accounted for on a Recurring Basis Classified as Level 3 Assets	The fair value of warrants that were accounted for on a recurring basis classified as Level 3 are as follows (in thousands):     Three Months Ended  March 31,  2017 2016  Fair value of warrants at beginning of period $ 390 $ 770  Unrealized gain on fair valuation of warrants 25 4  Fair value of warrants at end of period $ 415 $ 774 
Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	The following table presents the fair value measurement of impaired assets measured at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at March 31, 2017 and December 31, 2016 (in thousands):     March 31, Level 1 Estimated Level 2 Estimated Level 3 Estimated  2017 Fair Value Fair Value Fair Value  Impaired notes receivable, net $ 15 $ - $ - $ 15      December 31, Level 1 Estimated Level 2 Estimated Level 3 Estimated  2016 Fair Value Fair Value Fair Value  Impaired notes receivable, net $ 16 $ - $ - $ 16 
Summary of Valuation Techniques and Significant Unobservable Inputs Used	The following tables summarize the valuation techniques and significant unobservable inputs used for the Company’s recurring and non-recurring fair value calculation categorized as Level 3 in the fair value hierarchy at March 31, 2017 and December 31, 2016:     March 31, 2017  Valuation Valuation Unobservable Range of Input  Name Frequency Technique Inputs Values  Warrants Recurring Black-Scholes formulation Stock price $0.00 - $14.75  Exercise price $0.01 - $1,000.00  Time to maturity (in years) 3.37 - 8.83  Risk-free interest rate 1.57% - 2.33%  Annualized volatility 44.01% - 91.25%   Impaired Lease Equipment Non-recurring Market Approach Third Party Agents' estimate of the value of collateral $3,750 (total of $15,000 )  Condition of collateral (equipment) Poor to Average   December 31, 2016  Valuation Valuation Unobservable Range of Input  Name Frequency Technique Inputs Values  Warrants Recurring Black-Scholes formulation Stock price $0.00 - $14.75  Exercise price $0.43 - $1,000.00  Time to maturity (in years) 3.62 - 9.08  Risk-free interest rate 1.60% - 2.39%  Annualized volatility 43.96% - 90.59%   Notes Receivable Non-recurring Market Approach Third Party Agents' estimate of the value of collateral $5,174 - $12,065  Condition of collateral (equipment) Poor to Average 
Estimated Fair Values of Financial Instruments	T he following tables present estimated fair values of the Company’s financial instruments in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification at March 31, 2017 and December 31, 2016 (in thousands):     March 31, 2017  Carrying Amount Level 1 Level 2 Level 3 Total  Financial assets:  Cash and cash equivalents $ 2,113 $ 2,113 $ - $ - $ 2,113  Notes receivable, net 203 - - 203 203  Investment in securities 183 - - 183 183  Warrants, fair value 415 - - 415 415   Financial liabilities:  Non-recourse debt 7,387 - - 7,418 7,418  Long-term debt 2,068 - - 2,342 2,342             December 31, 2016  Carrying Amount Level 1 Level 2 Level 3 Total  Financial assets:  Cash and cash equivalents $ 2,577 $ 2,577 $ - $ - $ 2,577  Notes receivable, net 432 - - 432 432  Investment in securities 183 - - 183 183  Warrants, fair value 390 - - 390 390   Financial liabilities:  Non-recourse debt 8,332 - - 8,370 8,370  Long-term debt 2,068 - - 2,324 2,324 

Organization and Limited Liab29

Organization and Limited Liability Company Matters (Narrative) (Details) - USD ($)	63 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	May 03, 2011
Organization and Limited Liability Company Matters [Abstract]
Contributions of capital			$ 500
Proceeds from sale of Limited Liability Company Units	$ 66,000,000
Members capital account, Units issued	6,564,542	6,584,221
Members capital account, Units outstanding	6,564,542	6,584,221

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Investment in securities	$ 183		$ 183
Gains on sales or dispositions of securities	0	$ 0
Warrants, fair value	415		$ 390
Gain (loss) on exercise of warrants	$ 0	0
Number of operating segments | segment	1
Number of reportable segments | segment	1
Unrealized gain on fair value adjustment for warrants	$ 25	$ 4
Minimum [Member]
Accounts receivable, period for non-accrual status	90 days
Maximum [Member]
Accounts receivable, period for review of impairment	90 days

Notes Receivable, Net (Narrativ

Notes Receivable, Net (Narrative) (Details)	3 Months Ended
	Mar. 31, 2017
Minimum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable	36 months
Notes receivable, interest rate	11.26%
Notes maturity year	2,017
Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Terms of the notes receivable	90 months
Notes receivable, interest rate	18.00%
Notes maturity year	2,020

Notes Receivable, Net (Schedule

Notes Receivable, Net (Schedule of Notes Receivable on Non-Accrual Status) (Details) $ in Thousands	3 Months Ended				12 Months Ended
	Mar. 31, 2017USD ($)contract	Mar. 31, 2016USD ($)	Sep. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)contract
Notes Receivable, Net
Number of notes | contract	2				2
Net investment value	$ 56				$ 71
Annual interest rate	18.00%				18.00%
Fair value adjustments	$ 55				$ 55
Fair value amount	1				16
Interest income not recorded relative to original terms	$ 7				$ 7
Notes receivable in non-accrual status, recorded impairment		$ 5	$ 23	$ 27

Notes Receivable, Net (Minimum

Notes Receivable, Net (Minimum Future Payments Receivable) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (99)	$ (100)	$ (52)
Notes receivable, net	203	432
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Three months ending December 31, 2017	199
Year ending December 31, 2018	118
2,019	58
Financing receivable, gross	375
Less: portion representing unearned interest income	(117)
Notes receivable	258	487
Unamortized initial direct costs		$ 1
Less: allowance for credit losses	(55)
Notes receivable, net	$ 203

Notes Receivable, Net (Initial

Notes Receivable, Net (Initial Direct Costs, Amortization Expense Related to Notes Receivable and Company's Operating and Direct Finance Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	$ 21	$ 29
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	1	1
Lease Assets [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortization of initial direct costs	$ 20	$ 28

Allowance for Credit Losses (Ac

Allowance for Credit Losses (Activity in Allowance for Doubtful Accounts) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	$ 100	$ 52	$ 52
Provision for credit losses	(1)	7	48
Ending Balance	99		100
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending Balance	55
Allowance For Doubtful Accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Ending Balance
Allowance For Doubtful Accounts [Member] | Operating Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	45	2	2
Provision for credit losses	(1)		43
Ending Balance	44		45
Valuation Adjustments on Financing Receivables [Member] | Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	55	$ 50	50
Provision for credit losses			5
Ending Balance	$ 55		$ 55

Allowance for Credit Losses (Re

Allowance for Credit Losses (Recorded Investment in Financing Receivables) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Allowances for credit losses:
Ending balance	$ 55	$ 55
Ending balance: individually evaluated for impairment	55	55
Ending balance: collectively evaluated for impairment
Financing Receivables:
Ending balance	267	496
Ending balance: individually evaluated for impairment	267	496
Ending balance: collectively evaluated for impairment
Notes Receivable [Member]
Allowances for credit losses:
Ending balance	55	55
Ending balance: individually evaluated for impairment	55	55
Ending balance: collectively evaluated for impairment
Financing Receivables:
Ending balance	258	487	[1]
Ending balance: individually evaluated for impairment	258	487
Ending balance: collectively evaluated for impairment
Notes receivable unamortized initial direct cost		1
Finance Leases [Member]
Allowances for credit losses:
Ending balance
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment
Financing Receivables:
Ending balance	9	9
Ending balance: individually evaluated for impairment	9	9
Ending balance: collectively evaluated for impairment
[1]	Includes $1 of unamortized initial direct costs.

Allowance for Credit Losses (Fi

Allowance for Credit Losses (Financing Receivables by Credit Quality Indicator and by Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Notes Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	$ 258	$ 487
Notes Receivable [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	202	416
Notes Receivable [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable	56
Notes Receivable [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Notes Receivable		71
Lease Assets [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	9	9
Lease Assets [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases	9	9
Lease Assets [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases
Lease Assets [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases
Lease Assets [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Finance Leases

Allowance for Credit Losses (Sc

Allowance for Credit Losses (Schedule of Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Allowance for Credit Losses [Abstract]
Notes receivable, With no allowance recorded, Recorded investment
Notes receivable, With no allowance recorded, Unpaid principal balance
Notes receivable, With no allowance recorded, Average recorded investment
Notes receivable, With no allowance recorded, Interest income recognized
Notes receivable, With an allowance recorded, Recorded investment	56	71
Notes receivable, With an allowance recorded, Unpaid principal balance	56	71
Notes receivable, With an allowance recorded, Related allowance	55	55
Notes receivable, With an allowance recorded, Average recorded investment	56	75
Recorded investment, Total	56	71
Unpaid principal balance, Total	56	71
Average recorded investment, Total	56	$ 75
Interest income recognized, Total

Allowance for Credit Losses (Ne

Allowance for Credit Losses (Net Investment in Financing Receivables by Age) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	$ 267	496
Total Financing Receivables	267	496
Recorded Investment > 90 Days and Accruing
31-60 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
61-90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Notes Receivable [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Current	258	487
Total Financing Receivables	258	487
Recorded Investment > 90 Days and Accruing
Notes Receivable [Member] | 31-60 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Notes Receivable [Member] | 61-90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Notes Receivable [Member] | Greater Than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Finance Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	9	9
Total Financing Receivables	$ 9	$ 9

Investment in Equipment and L40

Investment in Equipment and Leases, Net (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Leases Disclosure [Line Items]
Amortization of initial direct costs	$ 21	$ 29
Depreciation of operating lease assets	$ 1,222	1,809
Average estimated residual value of assets on operating leases	36.00%		36.00%
Impairment losses on equipment	$ 11
Investment in direct financing leases	9
Lease Assets [Member]
Leases Disclosure [Line Items]
Amortization of initial direct costs	$ 20	$ 28

Investment in Equipment and L41

Investment in Equipment and Leases, Net (Investment in Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Leases Disclosure [Line Items]
Balance December 31, 2016	$ 34,693
Reclassifications & Additions/ Dispositions	(41)
Depreciation/ Amortization Expense or Amortization of Leases	(1,242)
Balance March 31, 2017	33,410
Initial direct costs, accumulated amortization	219	$ 231
Operating Leases
Leases Disclosure [Line Items]
Balance December 31, 2016	33,116
Reclassifications & Additions/ Dispositions	(48)
Depreciation/ Amortization Expense or Amortization of Leases	(1,222)
Balance March 31, 2017	31,846
Direct Financing Leases
Leases Disclosure [Line Items]
Balance December 31, 2016	9
Balance March 31, 2017	9
Assets Held for Sale [Member]
Leases Disclosure [Line Items]
Balance December 31, 2016	1,415
Reclassifications & Additions/ Dispositions	7
Balance March 31, 2017	1,422
Initial Direct Cost
Leases Disclosure [Line Items]
Balance December 31, 2016	153
Depreciation/ Amortization Expense or Amortization of Leases	(20)
Balance March 31, 2017	$ 133

Investment in Equipment and L42

Investment in Equipment and Leases, Net (Schedule of Depreciation Expense and Impairment Losses of Investments in Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Investments in Equipment and Leases, Net [Abstract]
Depreciation of operating lease assets	$ 1,222	$ 1,809
Impairment losses on equipment	11
Total	$ 1,233	$ 1,809

Investment in Equipment and L43

Investment in Equipment and Leases, Net (Property on Operating Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	$ 57,277	$ 57,622
Less accumulated depreciation	(25,431)	(24,506)
Property on operating leases, net	31,846	33,116
Additions, gross
Additions, less accumulated depreciation	(1,222)
Additions, net	(1,222)
Reclassifications or dispositions, gross	(345)
Reclassifications or dispositions, less accumulated depreciation	297
Reclassifications or dispositions, net	(48)
Marine Vessel [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	19,410	19,410
Additions, gross
Reclassifications or dispositions, gross
Transportation, Rail [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	8,633	8,633
Additions, gross
Reclassifications or dispositions, gross
Manufacturing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	7,836	7,836
Additions, gross
Reclassifications or dispositions, gross
Food Processing [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	5,200	5,200
Additions, gross
Reclassifications or dispositions, gross
Coal Terminal [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	5,084	5,084
Additions, gross
Reclassifications or dispositions, gross
Materials Handling [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	3,392	3,498
Additions, gross
Reclassifications or dispositions, gross	(106)
Construction [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,590	2,590
Additions, gross
Reclassifications or dispositions, gross
Research [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,250	2,250
Additions, gross
Reclassifications or dispositions, gross
Agriculture [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	2,112	2,112
Additions, gross
Reclassifications or dispositions, gross
Aviation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	722	722
Additions, gross
Reclassifications or dispositions, gross
Computer [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross		239
Additions, gross
Reclassifications or dispositions, gross	(239)
Transportation [Member]
Property Subject to or Available for Operating Lease [Line Items]
Property on operating leases, gross	48	$ 48
Additions, gross
Reclassifications or dispositions, gross

Investments in Equipment and Le

Investments in Equipment and Leases, Net (Components of Investment in Direct Financing Leases) (Details) $ in Thousands	Mar. 31, 2017USD ($)
Investments in Equipment and Leases, Net [Abstract]
Total minimum lease payments receivable	$ 17
Estimated residual values of leased equipment (unguaranteed)	1
Investment in direct financing leases	18
Less unearned income	(9)
Net investment in direct financing leases	$ 9

Investment in Equipment and L45

Investment in Equipment and Leases, Net (Future Minimum Lease Payments Receivable) (Details) $ in Thousands	Mar. 31, 2017USD ($)
Operating Leases
Nine months ending December 31, 2017	$ 4,252
Year ending December 31, 2018	5,326
2,019	2,471
2,020	1,099
2,021	884
2,022	773
Thereafter	112
Operating leases, total	14,917
Direct Financing Leases
Nine months ending December 31, 2017	5
Year ending December 31, 2018	6
2,019	6
Direct financing leases, total	17
Total
Nine months ending December 31, 2017	4,257
Year ending December 31, 2018	5,332
2,019	2,477
2,020	1,099
2,021	884
2,022	773
Thereafter	112
Operating and Direct financing leases, total	$ 14,934

Investment in Equipment and L46

Investment in Equipment and Leases, Net (Schedule of Useful Lives of Lease Assets) (Details)	3 Months Ended
	Mar. 31, 2017
Coal Terminal [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	50 years
Coal Terminal [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	60 years
Transportation, Rail [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	35 years
Transportation, Rail [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	40 years
Marine Vessel [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	20 years
Marine Vessel [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	30 years
Aviation [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	15 years
Aviation [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	20 years
Manufacturing [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Manufacturing [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	15 years
Agriculture [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Agriculture [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Construction [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Construction [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Food Processing [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Food Processing [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Materials Handling [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Materials Handling [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Transportation [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years
Transportation [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	10 years
Research [Member] | Minimum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	5 years
Research [Member] | Maximum [Member]
Property Subject to or Available for Operating Lease [Line Items]
Useful lives of lease assets	7 years

Related Party Transactions (Man

Related Party Transactions (Managing Member and/or Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Related Party Transactions [Abstract]
Administrative costs reimbursed to Managing Member and/or affiliates	$ 233	$ 220
Asset management fees to Managing Member	82	120
Acquisition and initial direct costs paid to Managing Member		1
Related party transaction, total	$ 315	$ 341

Non-Recourse Debt (Narrative) (

Non-Recourse Debt (Narrative) (Details) - Non-Recourse Debt [Member] $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Gross operating lease rentals and future payments on direct financing leases	$ 7.6
Carrying value of pledged assets	$ 18.3
Note maturity date, description	The notes mature from 2017 through 2020.
Minimum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	2.22%
Maximum [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	3.66%

Non-Recourse Debt (Future Minim

Non-Recourse Debt (Future Minimum Payments of Non-Recourse Debt) (Details) $ in Thousands	Mar. 31, 2017USD ($)
Principal
Nine months ending December 31, 2017	$ 2,710
Year ending December 31, 2018	3,486
2,019	1,146
2,020	45
Long-term debt, total	7,387
Interest
Nine months ending December 31, 2017	140
Year ending December 31, 2018	94
2,019	16
Long-term debt interest, total	250
Total
Nine months ending December 31, 2017	2,850
Year ending December 31, 2018	3,580
2,019	1,162
2,020	45
Long-term debt principal and interest, total	$ 7,637

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 7,387
Long-term debt interest	250
Principal and interest, total	7,637
Marine Vessel [Member] | Atel 14, LLC [Member]
Debt Instrument [Line Items]
Long-term debt	$ 2,100
Long term debt, description	The note bears interest at a fixed-rate of 3.5% per annum, to accrue in arrears on a monthly basis
Debt maturity date	May 25, 2019
Interest rates on borrowings	3.50%
Long-term debt interest	$ 400
Principal and interest, total	2,500
General assets recourse amount	$ 2,500

Borrowing Facilities (Narrative

Borrowing Facilities (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Line of Credit Facility [Line Items]
Maximum amount of Credit Facility	$ 75,000	$ 75,000
Credit Facility expiration date	Jun. 30, 2017
Tangible net worth requirement under the Credit Facility	$ 10,000
Outstanding borrowings under facility
Maximum [Member]
Line of Credit Facility [Line Items]
Leverage ratio	1.25
Minimum [Member]
Line of Credit Facility [Line Items]
Interest coverage ratio	2
Covenant Requirement [Member]
Line of Credit Facility [Line Items]
Leverage ratio	0.37
Interest coverage ratio	21.86
Covenant Requirement [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Net worth	$ 25,400
Warehouse Facility [Member]
Line of Credit Facility [Line Items]
Outstanding borrowings under facility	$ 0	$ 0

Borrowings Facilities (Borrowin

Borrowings Facilities (Borrowings Under Facility) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Borrowing Facilities [Abstract]
Total available under the financing arrangement	$ 75,000	$ 75,000
Amount borrowed by the Company under the acquisition facility
Amounts borrowed by affiliated partnerships and limited liability companies under the working capital, acquisition and warehouse facilities	(1,015)	(1,030)
Amounts borrowed by institutional leasing trust under institutional line		(8,488)
Total remaining available under the working capital, acquisition and warehouse facilities	$ 73,985	$ 65,482

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Commitments and Contingencies [Abstract]
Commitments to purchase lease assets	$ 0

Members' Capital (Narrative) (D

Members' Capital (Narrative) (Details) - shares	Mar. 31, 2017	Dec. 31, 2016
Other Members Capital Account [Line Items]
Members capital account, Units issued	6,564,542	6,584,221
Members capital account, Units outstanding	6,564,542	6,584,221
Members capital account, units authorized	15,000,000	15,000,000
Managing Member [Member]
Other Members Capital Account [Line Items]
Members capital account, Units issued	50	50

Members' Capital (Distributions

Members' Capital (Distributions to Other Members) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Members' Capital [Abstract]
Distributions declared	$ 1,479	$ 1,486	$ 5,927
Weighted average number of Units outstanding	6,574,176	6,606,921
Weighted average distributions per Unit	$ 0.22	$ 0.22	$ 0.90

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Servicing Assets at Fair Value [Line Items]
Fair value adjustments	$ 55	$ 55
Warrants, fair value	415	$ 390
Impairment losses on equipment	11
Nonrecurring [Member]
Servicing Assets at Fair Value [Line Items]
Fair value adjustments	$ 0		$ 5

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Warrants that Were Accounted for on a Recurring Basis ) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fair Value Measurements [Abstract]
Fair value of warrants at beginning of period	$ 390	$ 770
Unrealized gain on fair valuation of warrants	25	4
Fair value of warrants at end of period	$ 415	$ 774

Fair Value Measurements (Fair58

Fair Value Measurements (Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired notes receivable, net	$ 15	$ 16
Level 3 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired notes receivable, net	$ 15	$ 16

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Valuation Techniques and Significant Unobservable Inputs Used) (Details) - Level 3 Estimated Fair Value [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Nonrecurring [Member] | Impaired Lease Equipment [Member] | Market Approach Valuation Technique [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Third Party Agents' estimate of the value of collateral	$ 3,750
Fair value inputs, third party agents' pricing quotes, total	$ 15,000
Minimum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Model [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 0	$ 0
Exercise price	$ 0.01	$ 0.43
Time to maturity (in years)	3 years 4 months 13 days	3 years 7 months 13 days
Risk-free interest rate	1.57%	1.60%
Annualized volatility	44.01%	43.96%
Minimum [Member] | Nonrecurring [Member] | Notes Receivable [Member] | Market Approach Valuation Technique [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Third Party Agents' estimate of the value of collateral		$ 5,174
Maximum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Model [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Stock price	$ 14.75	$ 14.75
Exercise price	$ 1,000	$ 1,000
Time to maturity (in years)	8 years 9 months 29 days	9 years 29 days
Risk-free interest rate	2.33%	2.39%
Annualized volatility	91.25%	90.59%
Maximum [Member] | Nonrecurring [Member] | Notes Receivable [Member] | Market Approach Valuation Technique [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Third Party Agents' estimate of the value of collateral		$ 12,065

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financial assets:
Warrants, fair value	$ 415	$ 390
Carrying Amount
Financial assets:
Cash and cash equivalents	2,113	2,577
Notes receivable, net	203	432
Investment in securities	183	183
Warrants, fair value	415	390
Financial liabilities:
Non-recourse debt	7,387	8,332
Long-term debt	2,068	2,068
Estimated Fair Value
Financial assets:
Cash and cash equivalents	2,113	2,577
Notes receivable, net	203	432
Investment in securities	183	183
Warrants, fair value	415	390
Financial liabilities:
Non-recourse debt	7,418	8,370
Long-term debt	2,342	2,324
Estimated Fair Value | Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	2,113	2,577
Notes receivable, net
Investment in securities
Warrants, fair value
Financial liabilities:
Non-recourse debt
Long-term debt
Estimated Fair Value | Level 2 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents
Notes receivable, net
Investment in securities
Warrants, fair value
Financial liabilities:
Non-recourse debt
Long-term debt
Estimated Fair Value | Level 3 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents
Notes receivable, net	203	432
Investment in securities	183	183
Warrants, fair value	415	390
Financial liabilities:
Non-recourse debt	7,418	8,370
Long-term debt	$ 2,342	$ 2,324