Atel 15 10-Q 17 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Document And Entity Information [Abstract]
Document Type	10-Q
Entity Registrant Name	ATEL 15, LLC
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001519117
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Smaller Reporting Company	true
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Units Outstanding		6,542,557

Balance Sheets

Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 427	$ 1,297
Accounts receivable, net	152	46
Due from Managing Member and affiliates		55
Investment in securities	89	445
Warrants, fair value	2	20
Equipment under operating leases, net	14,073	14,812
Prepaid expenses and other assets	8	15
Total assets	14,751	16,690
Accounts payable and accrued liabilities:
Due to Managing Member and affiliates	77
Other	102	228
Non-recourse debt	2,875	3,108
Unearned operating lease income	233	106
Total liabilities	3,287	3,442
Commitments and contingencies
Members' capital:
Managing Member
Other Members	11,464	13,248
Total Members' capital	11,464	13,248
Total liabilities and Members' capital	$ 14,751	$ 16,690

Statements of Operations

Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leasing and lending activities:
Operating leases revenue, net	$ 835	$ 993
Loss on sales of operating lease assets	(15)
Other revenue	5	2
Total operating revenues	825	995
Operating expenses:
Depreciation of operating lease assets	675	529
Asset management fees to managing Member	36	42
Cost reimbursements to Managing Member and/or affiliates	130	141
Amortization of initial direct costs		1
Interest expense	26	34
Professional fees	92	49
Outside services	13	10
Taxes on income and franchise fees	22	18
Storage fees	30	42
Railcar maintenance	84	3
Other expense	38	31
Total operating expenses	1,146	900
(Loss) income from operations	(321)	95
Other income (loss):
Gain on sale of investment in securities	21
Unrealized gain (loss) on fair value adjustment for securities	9	(160)
Unrealized loss on fair value adjustment for warrants	(18)	(189)
Total other income (loss)	12	(349)
Net loss	(309)	(254)
Net loss:
Managing Member	101	119
Other Members	(410)	(373)
Net loss	$ (309)	$ (254)
Net loss per Limited Liability Company Unit (Other Members)	$ (0.06)	$ (0.06)
Weighted average number of Units outstanding	6,542,557	6,542,557

Statements of Changes in Member

Statements of Changes in Members' Capital - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Beginning Balance	$ 13,248	$ 16,075
Distributions to Other Members	(1,374)	(1,472)
Distributions to Managing Member	(101)	(119)
Net (loss) income	(309)	(254)
Ending Balance	$ 11,464	$ 14,230
Other Members [Member]
Beginning Balance (in units)	6,542,557	6,542,557
Beginning Balance	$ 13,248	$ 16,075
Distributions to Other Members	(1,374)	(1,472)
Net (loss) income	$ (410)	$ (373)
Ending Balance (in units)	6,542,557	6,542,557
Ending Balance	$ 11,464	$ 14,230
Managing Member [Member]
Distributions to Managing Member	(101)	(119)
Net (loss) income	$ 101	$ 119

Statements of Changes in Memb_2

Statements of Changes in Members' Capital (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Other Members [Member]
Distributions to Other Members, per unit	$ 0.21	$ 0.22

Statements of Cash Flows

Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating activities:
Net loss	$ (309)	$ (254)
Adjustment to reconcile net loss to cash provided by operating activities:
Loss on sales of operating lease assets	15
Gain on sale of investment in securities	(21)
Depreciation of operating lease assets	675	529
Amortization of initial direct costs		1
Provision for credit losses	3	2
Unrealized (gain) loss on fair value adjustment for securities	(9)	160
Unrealized loss on fair value adjustment for warrants	18	189
Changes in operating assets and liabilities:
Accounts receivable	(109)	32
Prepaid expenses and other assets	7	8
Due to/from Managing Member and affiliates	1	12
Accounts payable, other	(126)	9
Unearned operating lease income	127	113
Net cash provided by operating activities	272	801
Investing activities:
Purchase of securities		(3)
Proceeds from sales of operating lease assets	49
Proceeds from sales of securities	527
Net cash provided by (used in) investing activities	576	(3)
Financing activities:
Repayments under non-recourse debt	(233)	(259)
Net cash used in financing activities	(1,718)	(1,850)
Net decrease in cash and cash equivalents	(870)	(1,052)
Cash and cash equivalents at beginning of period	1,297	3,027
Cash and cash equivalents at end of period	427	1,975
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	26	34
Cash paid during the period for taxes	62	26
Other Members [Member]
Operating activities:
Net loss	(410)	(373)
Financing activities:
Distributions to Members	(1,374)	(1,472)
Schedule of non-cash financing transactions:
Distributions payable to Members at period-end		1,472
Managing Member [Member]
Operating activities:
Net loss	101	119
Financing activities:
Distributions to Members	$ (111)	(119)
Schedule of non-cash financing transactions:
Distributions payable to Members at period-end		$ 119

Organization and Limited Liabil

Organization and Limited Liability Company Matters	3 Months Ended
	Mar. 31, 2021
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 “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 Company conducted a public offering of 15,000,000 Limited Liability Company Units (“Units”), at a price of $10 per Unit. As of December 21, 2011, subscriptions for the minimum number of Units (120,000, representing $1.2 million), excluding subscriptions from Pennsylvania investors, had been received and the Fund requested subscription proceeds to be released from escrow. On that date, the Company commenced initial operations and continued in its development stage activities until transitioning to an operating enterprise during the first quarter of 2012. Pennsylvania subscriptions are subject to a separate escrow and are released to the Fund only when aggregate subscriptions for all investors equal to at least $7.5 million. Total contributions to the Fund exceeded $7.5 million on April 14, 2012, at which time a request was processed to release the Pennsylvania escrowed amounts. The offering was terminated on October 28, 2013. As of March 31, 2021, cumulative gross contributions, less rescissions and repurchases (net of distributions paid and allocated syndication costs, as applicable), totaling $65.9 million (inclusive of the $500 initial Member’s capital investment) have been received. As of the same date, 6,542,557 Units were issued and outstanding. The Company’s principal objectives are to invest in a diversified portfolio of investments that will (i) preserve, protect and return the Company’s invested capital; (ii) generate regular cash distributions to unitholders, with any balance remaining after required minimum distributions to be used to purchase additional investments during the Reinvestment Period (ending six calendar years after the completion of the Company’s public offering of Units) and (iii) provide additional cash distributions following the Reinvestment Period and until all investment portfolio assets has been sold or otherwise disposed. The Company is governed by the ATEL 15, LLC amended and restated Limited Liability Company Operating Agreement dated October 28, 2011 (the “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 5). 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, 2020, filed with the Securities and Exchange Commission.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
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, 2021 are not necessarily indicative of the results to be expected for the full year. Certain 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, 2021, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements. Cash and cash equivalents: Cash and cash equivalents include cash in banks and cash equivalent investments such as U.S. Treasury instruments with original and/or purchased maturities of ninety days or less. 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 for determination of the allowances for doubtful accounts. 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 for the respective three months ended March 31, 2021 and 2020, and long-lived tangible assets as of March 31, 2021 and December 31, 2020 relate to customers domiciled in the United States. Accounts receivable: Accounts receivable represent the amounts billed under operating lease which is currently due to the Company. Allowances for doubtful accounts are typically established based on historical charge off and collection experience and the collectability 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. Investment in securities: From time to time, the Company may purchase securities of its borrowers in connection with its lending arrangements. Purchased securities The Company’s purchased securities registered for public sale with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company’s results of operations. The Company’s purchased securities that do not have readily determinable fair values are measured at cost minus impairment and adjusted for changes in observable prices. 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 $89 thousand and $ 445 thousand of purchased securities at March 31, 2021 and December 31, 2020, respectively. Such amounts included investment securities which do not have readily determinable market value totaling $24 thousand and $23 thousand at March 31, 2021 and December 31, 2020, respectively. During the respective three months ended March 31, 2021 and 2020, the Company recorded $ 9 thousand of unrealized gains and $ 5 thousand of unrealized losses on investment securities with readily determinable fair values. In addition, during the three months ended March 31, 2020, the Company recorded $155 thousand of unrealized losses on investment securities that do not have readily determinable fair values based on changes in observable prices. Such adjustment relates to securities of a borrower prior to its completion of an initial public offering in December 2020. There were no fair value adjustments on investment securities that do not have readily determinable fair values during the current quarter. Cumulatively, a total of $17 thousand was recorded to reduce the value of such investment securities held on March 31, 2021. During the three months ended March 31, 2021, the Company sold investment securities valued at approximately $366 thousand and realized a $21 thousand gain on the sale. There was no sales of investment in securities during the prior year period. 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. As of March 31, 2021 and December 31, 2020, the estimated fair value of the Company’s portfolio of warrants was $ 2 thousand and $20 thousand, respectively. During the three months ended March 31, 2021 and 2020, the Company recorded unrealized losses of $ 18 thousand and $ 189 thousand, respectively, on fair valuation of its warrants. There were no warrant exercises during the three month periods ended March 31, 2021 and 2020. Credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk include cash and cash equivalents and accounts receivable. The Company places the majority of its cash deposits in noninterest-bearing accounts with financial institutions that have no less than $10 billion in assets. Such deposits are insured up to $250 thousand. The remainder of the Company’s cash is temporarily invested in U.S. Treasury denominated instruments. The concentration of such deposits and temporary cash investments is not deemed to create a significant risk to the Company. Accounts and notes receivable represent amounts due from lessees or borrowers in various industries, related to equipment on operating and direct financing leases or notes receivable. Equipment on operating leases and related revenue recognition: Equipment subject to operating leases is stated at cost. Depreciation is being recognized on a straight-line method over the terms of the related leases to the equipment’s estimated residual values. Off-lease equipment is generally not subject to depreciation. The Company depreciates all lease assets, in accordance with guidelines consistent with Accounting Standards Codification (“ASC”) 360-10-35-3, over the periods of the lease terms contained in each asset’s respective lease contract to the estimated residual value at the end of the lease contract. All lease assets are purchased only concurrent with the execution of a lease commitment by the lessee. Thus, the original depreciation period corresponds with the term of the original lease. Once the term of an original lease contract is completed, the subject property is typically sold to the existing user, re-leased to the existing user, or, when off-lease, is held for sale. Assets which are re-leased continue to be depreciated using the terms of the new lease agreements and the estimated residual values at the end of the new lease terms, adjusted downward as necessary. Assets classified as held-for-sale are carried at the lower of carrying amount, or the fair value less cost to sell (ASC 360-10-35-43). The Company does not use the equipment held in its portfolio, but holds it solely for lease and ultimate sale. In the course of marketing equipment that has come off-lease, management may determine at some point that re-leasing the assets may provide a superior return for investors and would then execute another lease. Upon entering into a new lease contract, management will estimate the residual value once again and resume depreciation. If, and when, the Company, at any time, determines that depreciation in value may have occurred with respect to an asset held-for-sale, the Company would review the value to determine whether a material reduction in value had occurred and recognize any appropriate impairment. All lease assets, including off-lease assets, are subject to the Company’s quarterly impairment analysis, as described below. Maintenance costs associated with the Fund’s portfolio of leased assets are expensed as incurred. Major additions and betterments are capitalized. Operating lease revenue is recognized on a straight-line basis over the term of the underlying leases. The initial lease terms will vary as to the type of equipment subject to the leases, the needs of the lessees and the terms to be negotiated, but initial leases are generally on terms from 36 to 120 months. The difference between rent received and rental revenue recognized is recorded as unearned operating lease income on the balance sheet. Operating leases 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 considers the equipment underlying the lease contracts for impairment and periodically reviews the credit worthiness of all operating lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related operating leases may be placed on non-accrual status. Leases 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 lease payments is probable. Until such time, revenues are recognized on a cash basis. Provisions for credit losses relating to operating leases are included in lease income in the Company’s financial statements. Initial direct costs: Incremental costs of a lease that would not have been incurred if the lease had not been obtained are capitalized and amortized over the lease term. All other costs associated with the execution of the Company’s leases are expensed as incurred. Asset valuation: 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. 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. Per Unit data: The Company issues only one class of Units, none of which are considered dilutive. Net 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 March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2020-03, Codification Improvements to Financial Instruments (“ASU 2020-03”). ASU 2020-03 improves and clarifies various financial instruments topics, including the current expected credit losses (CECL) standard issued in 2016. ASU 2020-03 includes seven different issues that describe the areas of improvement and the related amendments to GAAP that are intended to make the standards easier to understand and apply by eliminating inconsistencies and providing clarifications. The amendments have different effective dates. Management is currently evaluating the effect of adopting this new accounting guidance but does not expect adoption will have a material impact on the Fund’s financial statements and disclosures. In June 2016, the FASB issued ASU 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 equipment under operating leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, equipment under operating 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. Management is currently evaluating the standard and expects the update may potentially result in the increase in the allowance for credit losses given the change to estimated losses over the contractual life adjusted for expected prepayments. In November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments — Credit Losses (“ASU 2018-19”). The new standard clarifies certain aspects of the new CECL impairment model in ASU 2016-13. The amendment clarifies that receivables arising from operating leases are within the scope of ASC 842, rather than ASC 326. Management is currently evaluating the impact of the standard on the financial statements and related disclosure requirements. On August 15, 2019, the FASB issued a proposed ASU that would grant certain companies additional time to implement the FASB standards on CECL and hedging. The proposed ASU defers the effective date for CECL to fiscal periods beginning after December 15, 2022, including interim periods within those fiscal years; and defers the effective date for hedging to fiscal periods beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The ASU was approved on October 16, 2019. In February 2020, the FASB issued ASU 2020-02 and delayed the effective date of Topic 326 until the fiscal year beginning after December 15, 2022.

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2021
Allowance for Credit Losses [Abstract]
Allowance for Credit Losses	3. Allowance for credit losses: The Company’s allowance for credit losses are as follows: (in thousands) Allowance for Doubtful Accounts Operating Leases Balance December 31, 2019 $ — Provision for credit losses 2 Balance December 31, 2020 $ 2 Provision for credit losses 3 Balance March 31, 2021 $ 5

Equipment Under Operating Lease

Equipment Under Operating Leases, Net	3 Months Ended
	Mar. 31, 2021
Investments In Equipment And Leases Net [Abstract]
Equipment Under Operating Leases, Net	4. Equipment under operating leases, net: The Company’s investment under operating leases, net consists of the following (in thousands): Depreciation/ Amortization Balance Reclassifications, Expense or Balance December 31, Additions and Amortization March 31, 2020 Dispositions of Leases 2021 Equipment under operating leases, net $ 11,149 $ (88) $ (675) $ 10,386 Assets held for sale or lease, net 3,659 24 — 3,683 Initial direct costs, net 4 — — 4 Total $ 14,812 $ (64) $ (675) $ 14,073 T he Company did not record any impairment losses during the three months ended March 31, 2021 and 2020. The Company utilizes a straight line depreciation method over the term of the equipment lease for equipment on operating leases currently in its portfolio. Depreciation expense on the Company’s equipment totaled $675 thousand and $529 thousand for the three months ended March 31, 2021 and 2020, respectively. The total for three months period ended March 31, 2021 includes $177 thousand of additional depreciation recorded to reflect year-to-date changes in estimated residual values of certain equipment generating revenue under month-to-month extensions. Such estimated residual values of equipment associated with leases on month-to-month extensions are evaluated at least semi-annually, and depreciation recorded for the change in the estimated reduction in value. There were no such additional adjustments to depreciation recorded during the three months ended March 31, 2020. All of the Company’s lease asset purchases and capital improvements were made during the years from 2011 through 2015. Operating leases: Property on operating leases consists of the following (in thousands): Balance Balance December 31, Reclassifications March 31, 2020 Additions or Dispositions 2021 Marine vessel $ 19,410 $ — $ — $ 19,410 Manufacturing 4,358 — (198) 4,160 Transportation, rail 5,094 — (613) 4,481 Facility – other 5,084 — — 5,084 Construction 1,775 — — 1,775 Other 1,158 — — 1,158 36,879 — (811) 36,068 Less accumulated depreciation (25,730) (675) 723 (25,682) Total $ 11,149 $ (675) $ (88) $ 10,386 The average estimated residual value for assets on operating leases was 18% of the assets’ original cost at both March 31, 2021 and December 31, 2020. As of March 31, 2021, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands): Operating Leases Nine months ending December 31, 2021 $ 1,510 Year ending December 31, 2022 2,063 1,175 254 16 $ 5,018 The useful lives for each category of leases is reviewed at a minimum of once per quarter. As of March 31, 2021, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years): Equipment category Useful Life Transportation, rail 35 – 50 Marine vessel 20 – 30 Manufacturing 10 – 15 Construction 7 – 10 Facility - other 7 – 10 Other 7 – 10

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	5. 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 lease and equipment 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. AFS and ATEL Leasing Corporation (“ALC”) are wholly owned subsidiaries 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. The Managing Member and/or affiliates earned fees and billed for reimbursements, pursuant to the Operating Agreement, during the three months ended March 31, 2021 and 2020 as follows (in thousands): Three Months Ended March 31, 2021 2020 Administrative costs reimbursed to Managing Member and/or affiliates $ 130 $ 141 Asset management fees to Managing Member 36 42 $ 166 $ 183

Non-Recourse Debt

Non-Recourse Debt	3 Months Ended
	Mar. 31, 2021
Non-Recourse Debt [Abstract]
Non-Recourse Debt	6. Non-recourse debt: At March 31, 2021, non-recourse debt consists of a note payable to a financial institution. The note payments are due in monthly installments. Interest on the note is 3.40% per annum. The note is secured by assignments of lease payments and pledges of assets. At March 31, 2021, gross operating lease rentals totaled approximately $3.0 million over the remaining lease term and the carrying value of the pledged asset is $7. 1 million. The note matures in 2024. The non-recourse debt does not contain any material financial covenants. The debt is secured by a specific lien granted by the Company to the non-recourse lender on (and only on) the discounted lease transactions. The lender has recourse only to the following collateral: the 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 lender, 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, 2021 $ 712 $ 65 $ 777 Year ending December 31, 2022 979 58 1,037 1,012 25 1,037 172 1 173 Total $ 2,875 $ 149 $ 3,024 The non-recourse debt represents half of a $9.2 million non-recourse promissory note executed on May 20, 2019. The non-recourse promissory note was split evenly between the Fund and its affiliate, ATEL 14, LLC, and was used to pay off the senior long-term debt. The non-recourse promissory note is to be serviced by the cash flows generated under a renewed bareboat charter.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2021
Commitments [Abstract]
Commitments	7 . Commitments: At March 31, 2021, there were no commitments to purchase lease assets or to fund investments in notes receivable.

Members' Capital

Members' Capital	3 Months Ended
	Mar. 31, 2021
Members' Capital [Abstract]
Members' Capital	8. Members’ capital: A total of 6,542,557 Units were issued and outstanding at March 31, 2021 and December 31, 2020, 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. The Company has the right, exercisable at the Managing Member’s discretion, but not the obligation, to repurchase Units of a Unitholder who ceases to be a U.S. Citizen, for a price equal to 100% of the holder’s capital account. The Company is otherwise permitted, but not required, to repurchase Units upon a holder’s request. The repurchase of Fund units is made in accordance with Section 13 of the Amended and Restated Limited Liability Company Operating Agreement. The repurchase would be at the discretion of the Managing Member on terms it determines to be appropriate under given circumstances, in the event that the Managing Member deems such repurchase to be in the best interest of the Company; provided, the Company is never required to repurchase any Units. Upon the repurchase of any Units by the Fund, the tendered Units are cancelled. Units repurchased in prior periods were repurchased at amounts representing the original investment less cumulative distributions made to the Unitholder with respect to the Units. All Units repurchased during a quarter are deemed to be repurchased effective the last day of the preceding quarter, and are not deemed to be outstanding during, or entitled to allocations of net income, net loss or distributions for the quarter in which such repurchase occurs. The Fund’s net income or net losses are to be allocated 100% to the members. From the commencement of the Fund until the initial closing date, net income and net loss were allocated 99% to the Managing Member and 1% to the initial members. Commencing with the initial closing date, net income and net loss are to be allocated 92.5% to the members and 7.5% to the Managing Member. Fund distributions are to be allocated 7.5% to the Managing Member and 92.5% to the members. The Company commenced periodic distributions during the first quarter of 2012. Distributions to the Other Members for the three months ended March 31, 2021 and 2020 were as follows (in thousands except Units and per Unit data): Three Months Ended March 31, 2021 2020 Distributions declared $ 1,374 $ 1,472 Weighted average number of Units outstanding 6,542,557 6,542,557 Weighted average distributions per Unit $ 0.21 $ 0.22

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Measurements [Abstract]
Fair Value Measurements	9. Fair value measurements: Under applicable accounting standards, fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. At March 31, 2021 and December 31, 2020, the Company’s warrants and investment in securities were measured on a recurring basis. In addition, certain equipment deemed impaired were measured at fair value on a non-recurring basis as December 31, 2020. There was no equipment measured at fair value as of March 31, 2021. 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). As of March 31, 2021 and December 31, 2020, the calculated fair value of the Fund’s warrant portfolio approximated $ 2 thousand and $20 thousand, 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 for the three months ended March 31, 2021 and 2020, and classified as Level 3 are as follows (in thousands): Three Months Ended March 31, 2021 2020 Fair value of warrants at beginning of period $ 20 $ 225 Unrealized loss on fair market valuation of warrants (18) (189) Fair value of warrants at end of period $ 2 $ 36 Investment securities (recurring) The Company’s investment securities registered for public sale with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company’s results of operations. As of March 31, 2021 and December 31, 2020, the fair value of such investment securities totaled $ 65 thousand and $422 thousand respectively. The fair value of investment securities that were accounted for on a recurring basis for the three months ended March 31, 2021 and 2020, and classified as Level 1 are as follows (in thousands): Three Months Ended March 31, 2021 2020 Fair value of securities at the beginning of period $ 422 $ 70 Securities sold (366) — Unrealized gain (loss) on fair market valuation of securities 9 (5) Fair value of investment securities at the end of period $ 65 $ 65 Impaired lease and off-lease equipment (non-recurring) During the year ended December 31, 2020, the Company recorded fair value adjustments totaling $995 thousand to reduce the cost basis of certain manufacturing and agriculture equipment. There was no additional impairment recorded equipment during the three months ended March 31, 2021. Level 1 Level 2 Level 3 March 31, Estimated Estimated Estimated 2021 Fair Value Fair Value Fair Value Assets measured at fair value on a non-recurring basis (in thousands): Impaired lease and off-lease equipment $ 960 $ — $ — $ 960 Level 1 Level 2 Level 3 December 31, Estimated Estimated Estimated 2020 Fair Value Fair Value Fair Value Assets measured at fair value on a non-recurring basis (in thousands): Impaired lease and off-lease equipment $ 960 $ — $ — $ 960 Under the Fair Value Measurements Topic of the FASB Accounting Standards Codification, the fair value of impaired lease assets were classified within Level 3 of the valuation hierarchy as the data sources 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 tables summarize the valuation techniques and significant unobservable inputs used for the Company’s recurring and non-recurring fair value calculation/adjustments categorized as Level 3 in the fair value hierarchy at March 31, 2021 and December 31, 2020: March 31, 2021 Valuation Valuation Unobservable Range of Input Values Name Frequency Technique Inputs (Weighted Average) Warrants Recurring Black-Scholes formulation Stock price $0.05 - $27.05($.23) Exercise price $0.10 - $160.05($0.32) Time to maturity (in years) 0.73 - 3.10(0.93) Risk-free interest rate 0.08% - 0.49%(0.11%) Annualized volatility 34.29% - 163.95%(35.82%) Lease and Off-lease equipment Non-recurring Market Approach Third Party Agents' Pricing $0 - $150,000 Quotes - per equipment (total of $960,000) Equipment Condition Poor to Average December 31, 2020 Valuation Valuation Unobservable Range of Input Values Name Frequency Technique Inputs (Weighted Average) Warrants Recurring Black-Scholes formulation Stock price $0.05 - $28.66($.24) Exercise price $0.10 - $160.05($.32) Time to maturity (in years) 0.98 - 3.35(1.18) Risk-free interest rate 0.10% - 0.22%(0.11%) Annualized volatility 33.86% - 158.37%(35.28%) Lease and Off-lease equipment Non-recurring Market Approach Third Party Agents' Pricing $0 - $150,000 Quotes - per equipment (total of $960,000) Equipment Condition 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 determines 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. 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. Investment in securities The Company's purchased securities registered for public sale with readily determinable fair value are carried at fair value. These investment securities are valued based on their quoted market price. Non-recourse 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, 2021 Fair Value Measurements at March 31, 2021 Carrying Amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 427 $ 427 $ — $ — $ 427 Investment in securities 65 65 — — 65 Warrants, fair value 2 — — 2 2 Financial liabilities: Non-recourse debt 2,875 — — 2,966 2,966 Fair Value Measurements at December 31, 2020 Carrying Amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 1,297 $ 1,297 $ — $ — $ 1,297 Investment in securities 422 422 — — 422 Warrants, fair value 20 — — 20 20 Financial liabilities: Non-recourse debt 3,108 — — 3,212 3,212

Global Health Emergency

Global Health Emergency	3 Months Ended
	Mar. 31, 2021
Global Health Emergency [Abstract]
Global Health Emergency	10. Global health emergency: On January 30, 2020, the World Health Organization declared a global health emergency . The Fund’s operations are located in California, which has restricted gatherings of people due to the coronavirus outbreak. At present, the Fund’s operations have not been adversely affected and continue to function effectively. Due to the dynamic nature of these unprecedented circumstances and possible business disruption, the Fund will continue to monitor the situation closely, but given the uncertainty about the situation, an estimate of the future impact, if any, cannot be made at this time.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2021
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, 2021 are not necessarily indicative of the results to be expected for the full year. Certain 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, 2021, up until the issuance of the financial statements. No events were noted which would require disclosure in the footnotes to the financial statements.
Cash and Cash Equivalents	Cash and cash equivalents: Cash and cash equivalents include cash in banks and cash equivalent investments such as U.S. Treasury instruments with original and/or purchased maturities of ninety days or less.
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 for determination of the allowances for doubtful accounts.
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 for the respective three months ended March 31, 2021 and 2020, and long-lived tangible assets as of March 31, 2021 and December 31, 2020 relate to customers domiciled in the United States.
Accounts Receivable	Accounts receivable: Accounts receivable represent the amounts billed under operating lease which is currently due to the Company. Allowances for doubtful accounts are typically established based on historical charge off and collection experience and the collectability 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.
Investment in Securities	Investment in securities: From time to time, the Company may purchase securities of its borrowers in connection with its lending arrangements. Purchased securities The Company’s purchased securities registered for public sale with readily determinable fair values are measured at fair value with any changes in fair value recognized in the Company’s results of operations. The Company’s purchased securities that do not have readily determinable fair values are measured at cost minus impairment and adjusted for changes in observable prices. 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 $89 thousand and $ 445 thousand of purchased securities at March 31, 2021 and December 31, 2020, respectively. Such amounts included investment securities which do not have readily determinable market value totaling $24 thousand and $23 thousand at March 31, 2021 and December 31, 2020, respectively. During the respective three months ended March 31, 2021 and 2020, the Company recorded $ 9 thousand of unrealized gains and $ 5 thousand of unrealized losses on investment securities with readily determinable fair values. In addition, during the three months ended March 31, 2020, the Company recorded $155 thousand of unrealized losses on investment securities that do not have readily determinable fair values based on changes in observable prices. Such adjustment relates to securities of a borrower prior to its completion of an initial public offering in December 2020. There were no fair value adjustments on investment securities that do not have readily determinable fair values during the current quarter. Cumulatively, a total of $17 thousand was recorded to reduce the value of such investment securities held on March 31, 2021. During the three months ended March 31, 2021, the Company sold investment securities valued at approximately $366 thousand and realized a $21 thousand gain on the sale. There was no sales of investment in securities during the prior year period. 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. As of March 31, 2021 and December 31, 2020, the estimated fair value of the Company’s portfolio of warrants was $ 2 thousand and $20 thousand, respectively. During the three months ended March 31, 2021 and 2020, the Company recorded unrealized losses of $ 18 thousand and $ 189 thousand, respectively, on fair valuation of its warrants. There were no warrant exercises during the three month periods ended March 31, 2021 and 2020.
Credit Risk	Credit risk: Financial instruments that potentially subject the Company to concentrations of credit risk include cash and cash equivalents and accounts receivable. The Company places the majority of its cash deposits in noninterest-bearing accounts with financial institutions that have no less than $10 billion in assets. Such deposits are insured up to $250 thousand. The remainder of the Company’s cash is temporarily invested in U.S. Treasury denominated instruments. The concentration of such deposits and temporary cash investments is not deemed to create a significant risk to the Company. Accounts and notes receivable represent amounts due from lessees or borrowers in various industries, related to equipment on operating and direct financing leases or notes receivable.
Equipment on Operating Leases and Related Revenue Recognition	Equipment on operating leases and related revenue recognition: Equipment subject to operating leases is stated at cost. Depreciation is being recognized on a straight-line method over the terms of the related leases to the equipment’s estimated residual values. Off-lease equipment is generally not subject to depreciation. The Company depreciates all lease assets, in accordance with guidelines consistent with Accounting Standards Codification (“ASC”) 360-10-35-3, over the periods of the lease terms contained in each asset’s respective lease contract to the estimated residual value at the end of the lease contract. All lease assets are purchased only concurrent with the execution of a lease commitment by the lessee. Thus, the original depreciation period corresponds with the term of the original lease. Once the term of an original lease contract is completed, the subject property is typically sold to the existing user, re-leased to the existing user, or, when off-lease, is held for sale. Assets which are re-leased continue to be depreciated using the terms of the new lease agreements and the estimated residual values at the end of the new lease terms, adjusted downward as necessary. Assets classified as held-for-sale are carried at the lower of carrying amount, or the fair value less cost to sell (ASC 360-10-35-43). The Company does not use the equipment held in its portfolio, but holds it solely for lease and ultimate sale. In the course of marketing equipment that has come off-lease, management may determine at some point that re-leasing the assets may provide a superior return for investors and would then execute another lease. Upon entering into a new lease contract, management will estimate the residual value once again and resume depreciation. If, and when, the Company, at any time, determines that depreciation in value may have occurred with respect to an asset held-for-sale, the Company would review the value to determine whether a material reduction in value had occurred and recognize any appropriate impairment. All lease assets, including off-lease assets, are subject to the Company’s quarterly impairment analysis, as described below. Maintenance costs associated with the Fund’s portfolio of leased assets are expensed as incurred. Major additions and betterments are capitalized. Operating lease revenue is recognized on a straight-line basis over the term of the underlying leases. The initial lease terms will vary as to the type of equipment subject to the leases, the needs of the lessees and the terms to be negotiated, but initial leases are generally on terms from 36 to 120 months. The difference between rent received and rental revenue recognized is recorded as unearned operating lease income on the balance sheet. Operating leases 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 considers the equipment underlying the lease contracts for impairment and periodically reviews the credit worthiness of all operating lessees with payments outstanding less than 90 days. Based upon management’s judgment, the related operating leases may be placed on non-accrual status. Leases 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 lease payments is probable. Until such time, revenues are recognized on a cash basis. Provisions for credit losses relating to operating leases are included in lease income in the Company’s financial statements.
Initial Direct Costs	Initial direct costs: Incremental costs of a lease that would not have been incurred if the lease had not been obtained are capitalized and amortized over the lease term. All other costs associated with the execution of the Company’s leases are expensed as incurred.
Asset Valuation	Asset valuation: 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. 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.
Per Unit Data	Per Unit data: The Company issues only one class of Units, none of which are considered dilutive. Net 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 March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2020-03, Codification Improvements to Financial Instruments (“ASU 2020-03”). ASU 2020-03 improves and clarifies various financial instruments topics, including the current expected credit losses (CECL) standard issued in 2016. ASU 2020-03 includes seven different issues that describe the areas of improvement and the related amendments to GAAP that are intended to make the standards easier to understand and apply by eliminating inconsistencies and providing clarifications. The amendments have different effective dates. Management is currently evaluating the effect of adopting this new accounting guidance but does not expect adoption will have a material impact on the Fund’s financial statements and disclosures. In June 2016, the FASB issued ASU 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 equipment under operating leases that are not accounted for at fair value through net income. The amendments affect loans, debt securities, trade receivables, equipment under operating 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. Management is currently evaluating the standard and expects the update may potentially result in the increase in the allowance for credit losses given the change to estimated losses over the contractual life adjusted for expected prepayments. In November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments — Credit Losses (“ASU 2018-19”). The new standard clarifies certain aspects of the new CECL impairment model in ASU 2016-13. The amendment clarifies that receivables arising from operating leases are within the scope of ASC 842, rather than ASC 326. Management is currently evaluating the impact of the standard on the financial statements and related disclosure requirements. On August 15, 2019, the FASB issued a proposed ASU that would grant certain companies additional time to implement the FASB standards on CECL and hedging. The proposed ASU defers the effective date for CECL to fiscal periods beginning after December 15, 2022, including interim periods within those fiscal years; and defers the effective date for hedging to fiscal periods beginning after December 15, 2020, and interim periods within fiscal years beginning after December 15, 2021. The ASU was approved on October 16, 2019. In February 2020, the FASB issued ASU 2020-02 and delayed the effective date of Topic 326 until the fiscal year beginning after December 15, 2022.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2021
Allowance for Credit Losses [Abstract]
Activity in Allowance for Credit Losses	The Company’s allowance for credit losses are as follows: (in thousands) Allowance for Doubtful Accounts Operating Leases Balance December 31, 2019 $ — Provision for credit losses 2 Balance December 31, 2020 $ 2 Provision for credit losses 3 Balance March 31, 2021 $ 5

Equipment Under Operating Lea_2

Equipment Under Operating Leases, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Investments In Equipment And Leases Net [Abstract]
Investment in Leases	The Company’s investment under operating leases, net consists of the following (in thousands): Depreciation/ Amortization Balance Reclassifications, Expense or Balance December 31, Additions and Amortization March 31, 2020 Dispositions of Leases 2021 Equipment under operating leases, net $ 11,149 $ (88) $ (675) $ 10,386 Assets held for sale or lease, net 3,659 24 — 3,683 Initial direct costs, net 4 — — 4 Total $ 14,812 $ (64) $ (675) $ 14,073
Property on Operating Leases	Property on operating leases consists of the following (in thousands): Balance Balance December 31, Reclassifications March 31, 2020 Additions or Dispositions 2021 Marine vessel $ 19,410 $ — $ — $ 19,410 Manufacturing 4,358 — (198) 4,160 Transportation, rail 5,094 — (613) 4,481 Facility – other 5,084 — — 5,084 Construction 1,775 — — 1,775 Other 1,158 — — 1,158 36,879 — (811) 36,068 Less accumulated depreciation (25,730) (675) 723 (25,682) Total $ 11,149 $ (675) $ (88) $ 10,386
Future Minimum Lease Payments Receivable	As of March 31, 2021, the aggregate amounts of future minimum lease payments receivable are as follows (in thousands): Operating Leases Nine months ending December 31, 2021 $ 1,510 Year ending December 31, 2022 2,063 1,175 254 16 $ 5,018
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, 2021, the respective useful lives of each category of lease assets in the Company’s portfolio are as follows (in years): Equipment category Useful Life Transportation, rail 35 – 50 Marine vessel 20 – 30 Manufacturing 10 – 15 Construction 7 – 10 Facility - other 7 – 10 Other 7 – 10

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Managing Member and/or Affiliates Earned Commissions and Billed for Reimbursements Pursuant to Operating Agreement	The Managing Member and/or affiliates earned fees and billed for reimbursements, pursuant to the Operating Agreement, during the three months ended March 31, 2021 and 2020 as follows (in thousands): Three Months Ended March 31, 2021 2020 Administrative costs reimbursed to Managing Member and/or affiliates $ 130 $ 141 Asset management fees to Managing Member 36 42 $ 166 $ 183

Non-Recourse Debt (Tables)

Non-Recourse Debt (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 $ 712 $ 65 $ 777 Year ending December 31, 2022 979 58 1,037 1,012 25 1,037 172 1 173 Total $ 2,875 $ 149 $ 3,024

Members' Capital (Tables)

Members' Capital (Tables)	3 Months Ended
	Mar. 31, 2021
Members' Capital [Abstract]
Distributions to Other Members	Distributions to the Other Members for the three months ended March 31, 2021 and 2020 were as follows (in thousands except Units and per Unit data): Three Months Ended March 31, 2021 2020 Distributions declared $ 1,374 $ 1,472 Weighted average number of Units outstanding 6,542,557 6,542,557 Weighted average distributions per Unit $ 0.21 $ 0.22

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Measurements [Abstract]
Fair Value, Warrants Measured on Recurring Basis	The fair value of warrants that were accounted for on a recurring basis for the three months ended March 31, 2021 and 2020, and classified as Level 3 are as follows (in thousands): Three Months Ended March 31, 2021 2020 Fair value of warrants at beginning of period $ 20 $ 225 Unrealized loss on fair market valuation of warrants (18) (189) Fair value of warrants at end of period $ 2 $ 36
Fair Value, Investment Securities Measured on Recurring Basis	The fair value of investment securities that were accounted for on a recurring basis for the three months ended March 31, 2021 and 2020, and classified as Level 1 are as follows (in thousands): Three Months Ended March 31, 2021 2020 Fair value of securities at the beginning of period $ 422 $ 70 Securities sold (366) — Unrealized gain (loss) on fair market valuation of securities 9 (5) Fair value of investment securities at the end of period $ 65 $ 65
Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis	During the year ended December 31, 2020, the Company recorded fair value adjustments totaling $995 thousand to reduce the cost basis of certain manufacturing and agriculture equipment. There was no additional impairment recorded equipment during the three months ended March 31, 2021. Level 1 Level 2 Level 3 March 31, Estimated Estimated Estimated 2021 Fair Value Fair Value Fair Value Assets measured at fair value on a non-recurring basis (in thousands): Impaired lease and off-lease equipment $ 960 $ — $ — $ 960 Level 1 Level 2 Level 3 December 31, Estimated Estimated Estimated 2020 Fair Value Fair Value Fair Value Assets measured at fair value on a non-recurring basis (in thousands): Impaired lease and off-lease equipment $ 960 $ — $ — $ 960
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/adjustments categorized as Level 3 in the fair value hierarchy at March 31, 2021 and December 31, 2020: March 31, 2021 Valuation Valuation Unobservable Range of Input Values Name Frequency Technique Inputs (Weighted Average) Warrants Recurring Black-Scholes formulation Stock price $0.05 - $27.05($.23) Exercise price $0.10 - $160.05($0.32) Time to maturity (in years) 0.73 - 3.10(0.93) Risk-free interest rate 0.08% - 0.49%(0.11%) Annualized volatility 34.29% - 163.95%(35.82%) Lease and Off-lease equipment Non-recurring Market Approach Third Party Agents' Pricing $0 - $150,000 Quotes - per equipment (total of $960,000) Equipment Condition Poor to Average December 31, 2020 Valuation Valuation Unobservable Range of Input Values Name Frequency Technique Inputs (Weighted Average) Warrants Recurring Black-Scholes formulation Stock price $0.05 - $28.66($.24) Exercise price $0.10 - $160.05($.32) Time to maturity (in years) 0.98 - 3.35(1.18) Risk-free interest rate 0.10% - 0.22%(0.11%) Annualized volatility 33.86% - 158.37%(35.28%) Lease and Off-lease equipment Non-recurring Market Approach Third Party Agents' Pricing $0 - $150,000 Quotes - per equipment (total of $960,000) Equipment Condition 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, 2021 Fair Value Measurements at March 31, 2021 Carrying Amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 427 $ 427 $ — $ — $ 427 Investment in securities 65 65 — — 65 Warrants, fair value 2 — — 2 2 Financial liabilities: Non-recourse debt 2,875 — — 2,966 2,966 Fair Value Measurements at December 31, 2020 Carrying Amount Level 1 Level 2 Level 3 Total Financial assets: Cash and cash equivalents $ 1,297 $ 1,297 $ — $ — $ 1,297 Investment in securities 422 422 — — 422 Warrants, fair value 20 — — 20 20 Financial liabilities: Non-recourse debt 3,108 — — 3,212 3,212

Organization and Limited Liab_2

Organization and Limited Liability Company Matters (Narrative) (Details) - USD ($)	Dec. 21, 2011	Oct. 28, 2011	Mar. 31, 2021	Oct. 28, 2019	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019	Apr. 14, 2012	May 03, 2011
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Business formation date			Mar. 4, 2011
Business formation State			California
Business activities, description			equipment financing transactions and acquiring equipment to engage in equipment leasing and sales activities
Contributions of capital									$ 7,500,000
Public offering of Limited Liability Company Units		15,000,000
Public offering of Limited Liability Company Units, price per unit		$ 10
Sale of Limited Liability Company Units, number of Units	120,000
Proceeds from sale of Limited Liability Company Units	$ 1,200,000				$ 65,900,000
Amount of aggregate subscriptions for Pennsylvania subscriptions to be released to the Fund									$ 7,500,000
Reinvestment period				6 years
Other Members [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Members capital account, Units issued			6,542,557		6,542,557	6,542,557
Members capital account, Units outstanding			6,542,557		6,542,557	6,542,557	6,542,557	6,542,557
Initial Member [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Contributions of capital										$ 500

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Number of operating segments | segment	1
Number of reportable segments | segment	1
Investment in securities	$ 89		$ 445
Unrealized gain (loss) on fair value adjustment for securities	9	$ (160)
Proceeds from sale of securities	366	0
Gain on sales or dispositions of investment in securities	21
Warrants, fair value	2		20
Unrealized loss on fair value adjustment for warrants	(18)	(189)
Gain (loss) on exercise of warrants	$ 0	0
Equipment on operating leases, depreciation method	straight-line method
Securities With Readily Determinable Fair Values [Member]
Unrealized gain (loss) on fair value adjustment for securities	$ 9	(5)
Securities Without Readily Determinable Fair Values [Member]
Investment in securities	24		$ 23
Unrealized gain (loss) on fair value adjustment for securities	0	$ (155)
Securities Without Readily Determinable Fair Values, Cumulative Amount [Member]
Unrealized gain (loss) on fair value adjustment for securities	17
Minimum [Member]
Required assets value of financial institutions for cash deposits	$ 10,000,000
Operating leases, initial terms	36 months
Operating leases, period for non accrual status	90 days
Maximum [Member]
U.S. Treasury instruments maturity period	90 days
Cash deposits, insured amount	$ 250
Operating leases, initial terms	120 months
Operating leases, period of review for impairment	90 days

Allowance for Credit Losses (Ac

Allowance for Credit Losses (Activity in Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses	$ 3	$ 2
Allowance For Doubtful Accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Balance	2
Provision for credit losses	3		2
Ending Balance	$ 5		$ 2

Equipment Under Operating Lea_3

Equipment Under Operating Leases, Net (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Investments In Equipment And Leases Net [Abstract]
Depreciation of operating lease assets	$ 675	$ 529
Additional depreciation recorded	$ 177	$ 0
Average estimated residual value of assets on operating leases	18.00%		18.00%
Equipment on operating leases, depreciation method	straight-line method

Equipment Under Operating Lea_4

Equipment Under Operating Leases, Net (Investment in Leases) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Lessor, Lease, Description [Line Items]
Balance December 31, 2020	$ 14,812
Reclassifications & Additions/ Dispositions	(64)
Depreciation/ Amortization Expense or Amortization of Leases	(675)
Balance March 31, 2021	14,073
Lease Assets [Member]
Lessor, Lease, Description [Line Items]
Balance December 31, 2020	11,149
Reclassifications & Additions/ Dispositions	(88)
Depreciation/ Amortization Expense or Amortization of Leases	(675)
Balance March 31, 2021	10,386
Assets Held for Sale [Member]
Lessor, Lease, Description [Line Items]
Balance December 31, 2020	3,659
Reclassifications & Additions/ Dispositions	24
Balance March 31, 2021	3,683
Initial Direct Cost [Member]
Lessor, Lease, Description [Line Items]
Balance December 31, 2020	4
Balance March 31, 2021	$ 4

Equipment Under Operating Lea_5

Equipment Under Operating Leases, Net (Property on Operating Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Lessor, Lease, Description [Line Items]
Property on operating leases, gross	$ 36,068	$ 36,879
Less accumulated depreciation	(25,682)	(25,730)
Property on operating leases, net	10,386	11,149
Additions, less accumulated depreciation	(675)
Additions, net	(675)
Reclassifications or dispositions, gross	(811)
Reclassifications or dispositions, less accumulated depreciation	723
Reclassifications or dispositions, net	(88)
Marine Vessel [Member]
Lessor, Lease, Description [Line Items]
Property on operating leases, gross	19,410	19,410
Manufacturing [Member]
Lessor, Lease, Description [Line Items]
Property on operating leases, gross	4,160	4,358
Reclassifications or dispositions, gross	(198)
Transportation, Rail [Member]
Lessor, Lease, Description [Line Items]
Property on operating leases, gross	4,481	5,094
Reclassifications or dispositions, gross	(613)
Facility, Other [Member]
Lessor, Lease, Description [Line Items]
Property on operating leases, gross	5,084	5,084
Construction [Member]
Lessor, Lease, Description [Line Items]
Property on operating leases, gross	1,775	1,775
Other [Member]
Lessor, Lease, Description [Line Items]
Property on operating leases, gross	$ 1,158	$ 1,158

Equipment Under Operating Lea_6

Equipment Under Operating Leases, Net (Future Minimum Lease Payments Receivable) (Details) $ in Thousands	Mar. 31, 2021USD ($)
Operating Leases
Nine months ending December 31, 2021	$ 1,510
Year ending December 31, 2022	2,063
2023	1,175
2024	254
2025	16
Operating leases, total	$ 5,018

Equipment Under Operating Lea_7

Equipment Under Operating Leases, Net (Schedule of Useful Lives of Lease Assets) (Details)	3 Months Ended
	Mar. 31, 2021
Transportation, Rail [Member] | Minimum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	35 years
Transportation, Rail [Member] | Maximum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	50 years
Marine Vessel [Member] | Minimum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	20 years
Marine Vessel [Member] | Maximum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	30 years
Manufacturing [Member] | Minimum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	10 years
Manufacturing [Member] | Maximum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	15 years
Construction [Member] | Minimum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	7 years
Construction [Member] | Maximum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	10 years
Facility, Other [Member] | Minimum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	7 years
Facility, Other [Member] | Maximum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	10 years
Other [Member] | Minimum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	7 years
Other [Member] | Maximum [Member]
Lessor, Lease, Description [Line Items]
Useful lives of lease assets	10 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, 2021	Mar. 31, 2020
Related Party Transactions [Abstract]
Administrative costs reimbursed to Managing Member and/or affiliates	$ 130	$ 141
Asset management fees to managing Member	36	42
Related party transaction, total	$ 166	$ 183

Non-Recourse Debt (Narrative) (

Non-Recourse Debt (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	May 20, 2019
ATEL 14, LLC [Member]
Debt Instrument [Line Items]
Non-recourse promissory note		$ 9.2
Non-Recourse Debt [Member]
Debt Instrument [Line Items]
Gross operating lease rentals and future payments on direct financing leases	$ 3
Carrying value of pledged assets	$ 7.1
Note maturity date, description	The note matures in 2024.
Minimum [Member] | Non-Recourse Debt [Member]
Debt Instrument [Line Items]
Fixed Interest rate on note	3.40%

Non-Recourse Debt (Future Minim

Non-Recourse Debt (Future Minimum Payments of Non-Recourse Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Principal
Nine months ending December 31, 2021	$ 712
Year ending December 31, 2022	979
2023	1,012
2024	172
Long-term debt, total	2,875	$ 3,108
Interest
Nine months ending December 31, 2021	65
Year ending December 31, 2022	58
2023	25
2024	1
Long-term debt interest, total	149
Total
Nine months ending December 31, 2021	777
Year ending December 31, 2022	1,037
2023	1,037
2024	173
Long-term debt principal and interest, total	$ 3,024

Commitments (Narrative) (Detail

Commitments (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Commitments [Abstract]
Commitments to fund investments in notes receivable and purchase lease assets	$ 0

Members' Capital (Narrative) (D

Members' Capital (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Other Members Capital Account [Line Items]
Potential repurchase price of Units as percentage of holder's capital account	100.00%
Allocation of net income and net loss	100.00%
Other Members [Member]
Other Members Capital Account [Line Items]
Members capital account, Units issued	6,542,557	6,542,557
Members capital account, Units outstanding	6,542,557	6,542,557	6,542,557	6,542,557
Allocation of net income and net losses from commencement until initial closing date	92.50%
Percentage of fund distributions	92.50%
Managing Member [Member]
Other Members Capital Account [Line Items]
Members capital account, Units issued	50	50
Allocation of net income and net loss	99.00%
Allocation of net income or net losses commencing with initial closing date	7.50%
Percentage of fund distributions	7.50%
Initial Member [Member]
Other Members Capital Account [Line Items]
Allocation of net income and net loss	1.00%
Maximum [Member] | Managing Member [Member]
Other Members Capital Account [Line Items]
Members capital account, units authorized		15,000,000

Members' Capital (Distributions

Members' Capital (Distributions to Other Members) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Distributions declared	$ 1,374	$ 1,472
Weighted average number of Units outstanding	6,542,557	6,542,557
Other Members [Member]
Distributions declared	$ 1,374	$ 1,472
Weighted average number of Units outstanding	6,542,557	6,542,557
Weighted average distributions per Unit	$ 0.21	$ 0.22

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2021
Fair Value Measurements [Abstract]
Warrants, fair value	$ 20	$ 2
Impairment losses on equipment	$ 995

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value, Warrants Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair value of warrants at beginning of period	$ 20
Unrealized loss on fair value adjustment for warrants	18	$ 189
Fair value of warrants at end of period	2
Level 3 Estimated Fair Value [Member]
Fair value of warrants at beginning of period	20	225
Unrealized loss on fair value adjustment for warrants	(18)	(189)
Fair value of warrants at end of period	$ 2	$ 36

Fair Value Measurements (Fair_2

Fair Value Measurements (Fair Value, Investment Securities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair value of securities at the beginning of period	$ 422
Unrealized gain (loss) on fair market valuation of securities	9	$ (160)
Fair value of investment securities at the end of period	65
Level 1 Estimated Fair Value [Member]
Fair value of securities at the beginning of period	422	70
Securities sold	(366)
Unrealized gain (loss) on fair market valuation of securities	(9)	5
Fair value of investment securities at the end of period	$ 65	$ 65

Fair Value Measurements (Fair_3

Fair Value Measurements (Fair Value Measurement of Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses on equipment		$ 995
Lease and Off-Lease Equipment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses on equipment	$ 960	960
Lease and Off-Lease Equipment [Member] | Level 3 Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses on equipment	$ 960	$ 960

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Valuation Techniques and Significant Unobservable Inputs Used) (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)Y	Dec. 31, 2020USD ($)Y
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impairment losses on equipment		$ 995,000
Lease and Off-Lease Equipment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impairment losses on equipment	$ 960,000	960,000
Level 3 Estimated Fair Value [Member] | Lease and Off-Lease Equipment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impairment losses on equipment	960,000	960,000
Level 3 Estimated Fair Value [Member] | Nonrecurring [Member] | Lease and Off-Lease Equipment [Member] | Market Approach Valuation Technique [Member] | Unobservable Inputs, Third Party Agents' pricing Quotes - Per Equipment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impairment losses on equipment	$ 960,000	$ 960,000
Level 3 Estimated Fair Value [Member] | Minimum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Stock Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0005	0.0005
Level 3 Estimated Fair Value [Member] | Minimum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Exercise Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0010	0.0010
Level 3 Estimated Fair Value [Member] | Minimum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Time to Maturity (in Years) [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values | Y	0.73	0.98
Level 3 Estimated Fair Value [Member] | Minimum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Risk Free Interest Rate [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0008	0.0010
Level 3 Estimated Fair Value [Member] | Minimum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Annualized Volatility [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.3429	0.3386
Level 3 Estimated Fair Value [Member] | Minimum [Member] | Nonrecurring [Member] | Lease and Off-Lease Equipment [Member] | Market Approach Valuation Technique [Member] | Unobservable Inputs, Third Party Agents' pricing Quotes - Per Equipment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impairment losses on equipment	$ 0	$ 0
Level 3 Estimated Fair Value [Member] | Maximum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Stock Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.2705	0.2866
Level 3 Estimated Fair Value [Member] | Maximum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Exercise Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	1.6005	1.6005
Level 3 Estimated Fair Value [Member] | Maximum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Time to Maturity (in Years) [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values | Y	3.10	3.35
Level 3 Estimated Fair Value [Member] | Maximum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Risk Free Interest Rate [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0049	0.0022
Level 3 Estimated Fair Value [Member] | Maximum [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Annualized Volatility [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	1.6395	1.5837
Level 3 Estimated Fair Value [Member] | Maximum [Member] | Nonrecurring [Member] | Lease and Off-Lease Equipment [Member] | Market Approach Valuation Technique [Member] | Unobservable Inputs, Third Party Agents' pricing Quotes - Per Equipment [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Impairment losses on equipment	$ 150,000	$ 150,000
Level 3 Estimated Fair Value [Member] | Weighted Average [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Stock Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0023	0.0024
Level 3 Estimated Fair Value [Member] | Weighted Average [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Exercise Price [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0032	0.0032
Level 3 Estimated Fair Value [Member] | Weighted Average [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Time to Maturity (in Years) [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.93	1.18
Level 3 Estimated Fair Value [Member] | Weighted Average [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Risk Free Interest Rate [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.0011	0.0011
Level 3 Estimated Fair Value [Member] | Weighted Average [Member] | Recurring [Member] | Warrant [Member] | Black-Scholes Formulation [Member] | Unobservable Inputs, Annualized Volatility [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrants, Range of Input Values	0.3582	0.3528

Fair Value Measurements (Estima

Fair Value Measurements (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Cash and cash equivalents	$ 427	$ 1,297
Investment in securities	65	422
Warrants, fair value	2	20
Financial liabilities:
Non-recourse debt	2,966	3,212
Level 1 Estimated Fair Value [Member]
Financial assets:
Cash and cash equivalents	427	1,297
Investment in securities	65	422	$ 65	$ 70
Level 3 Estimated Fair Value [Member]
Financial assets:
Warrants, fair value	2	20	$ 36	$ 225
Financial liabilities:
Non-recourse debt	2,966	3,212
Carrying Amount
Financial assets:
Cash and cash equivalents	427	1,297
Investment in securities	65	422
Warrants, fair value	2	20
Financial liabilities:
Non-recourse debt	$ 2,875	$ 3,108