Arboretum Silverleaf Income Fund 10-Q 12 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 11, 2017
Document And Entity Information
Entity Registrant Name	SQN Asset Income Fund V, L.P.
Entity Central Index Key	1,672,773
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		546,964.51
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 1,857,055	$ 1,180,918
Restricted cash		70,200
Investments in finance leases, net	859,908	926,751
Investments in equipment subject to operating leases, net	294,821	318,703
Other assets	158,792
Total Assets	3,170,576	2,496,572
Liabilities:
Accounts payable and accrued liabilities	207,250	90,602
Loan payable		1,000
Distributions payable to Limited Partners	56,263	40,088
Distributions payable to General Partner	964	401
Subscriptions received in advance		70,173
Deferred revenue	11,647	11,647
Total Liabilities	276,124	213,911
Partners' Equity:
Limited Partners	2,901,207	2,285,710
General Partner	(6,755)	(3,049)
Total Equity	2,894,452	2,282,661
Total Liabilities and Partners' Equity	$ 3,170,576	$ 2,496,572

Condensed Statement of Operatio

Condensed Statement of Operations (Unaudited)	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
Revenue
Rental income	$ 27,256
Finance income	20,304
Other income	221
Total Revenue	47,781
Expenses
Management fees - Investment Manager	187,500
Depreciation	23,882
Professional fees	89,775
Administration expense	60,900
Total Expenses	362,057
Net loss	(314,276)
Net loss attributable to the Partnership
Limited Partners	(311,133)
General Partner	(3,143)
Net loss attributable to the Partnership	$ (314,276)
Weighted average number of limited partnership interests outstanding | shares	298,331.38
Net loss attributable to Limited Partners per weighted average number of limited partnership interests outstanding | $ / shares	$ (1.04)

Condensed Statement of Changes

Condensed Statement of Changes in Partners' Equity (Unaudited) - 3 months ended Mar. 31, 2017 - USD ($)	Total	General Partner [Member]	Limited Partners [Member]
Balance at Dec. 31, 2016	$ 2,282,661	$ (3,049)	$ 2,285,710
Balance, shares at Dec. 31, 2016			332,548.10
Partners' capital contributions	1,200,874		$ 1,200,874
Partners' capital contributions, shares			120,087.41
Offering expenses	(132,502)		$ (132,502)
Underwriting fees	(84,479)		(84,479)
Net loss	(314,276)	(3,143)	(311,133)
Distributions to partners	(56,826)	(563)	(56,263)
Redemption of initial Limited Partners' contributions	(1,000)		(1,000)
Balance at Mar. 31, 2017	$ 2,894,452	$ (6,755)	$ 2,901,207
Balance, shares at Mar. 31, 2017			452,635.51

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows (Unaudited) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Cash flows used in operating activities:
Net loss	$ (314,276)
Adjustments to reconcile net loss to net cash used in operating activities:
Finance income	(20,304)	$ (20,368)
Depreciation	23,882
Change in operating assets and liabilities:
Minimum rents receivable	87,147
Other assets	(3,792)
Accounts payable and accrued liabilities	116,475
Net cash used in operating activities	(110,868)
Cash flows from financing activities:
Repayments of loan payable	(1,000)
Cash received from Limited Partner capital contributions	944,600
Cash paid for Limited Partner distributions	(40,088)
Cash paid for Initial Limited Partners contribution redemption	(1,000)
Cash paid for underwriting fees	(53,205)
Cash paid for offering costs	(132,502)
Net cash provided by financing activities	716,805
Net increase in cash and cash equivalents	605,937
Cash and cash equivalents, beginning of period	1,251,118
Cash and cash equivalents, end of period	1,857,055	$ 1,251,118
Supplemental disclosure of other cash flow information:
Cash paid for interest
Supplemental disclosure of non-cash investing and financing activities:
Offering expenses paid by Investment Manager	132,502
Units issued as underwriting fee discount	$ 31,274

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	1. Organization and Nature of Operations Organization Nature of Operations – The General Partner of the Partnership is SQN AIF V GP, LLC (the “General Partner”), a wholly-owned subsidiary of the Partnership’s Investment Manager. Both the Partnership’s General Partner and its Investment Manager are Delaware limited liability companies. The General Partner manages and controls the day to day activities and operations of the Partnership, pursuant to the terms of the Limited Partnership Agreement. The General Partner paid an aggregate capital contribution of $100 for a 1% interest in the Partnership’s income, losses and distributions. The Investment Manager makes all investment decisions and manages the investment portfolio of the Partnership. The Partnership’s income, losses and distributions are allocated 99% to the Limited Partners and 1% to the General Partner until the Limited Partners have received total distributions equal to their capital contributions plus an 8% per year, compounded annually, cumulative return on their capital contributions. After such time, all income, losses and distributable cash will be allocated 80% to the Limited Partners and 20% to the General Partner. The Partnership expects to conduct its activities for at least six years and divide the Partnership’s life into three distinct stages: (i) the Offering Period, (ii) the Operating Period and (iii) the Liquidation Period. The Offering Period began on August 11, 2016, will terminate no later than two years after this date, unless extended by our General Partner, from time to time, in its sole discretion, by up to an additional 12 months. The Operating Period will commence on the date of the Partnership’s initial closing and last for four years unless extended at the sole discretion of the General Partner. During the Operating Period, the Partnership will invest most of the net proceeds from its offering in business-essential, revenue-producing (or cost-saving) equipment, other physical assets with substantial economic lives and, in many cases, associated revenue streams and project financings. The Liquidation Period, which follows the conclusion of the Operating Period, is the period in which the Partnership will sell its assets in the ordinary course of business and will last two years, unless it is extended, at the sole discretion of the General Partner. The General Partner may extend the Offering Period, from time to time, in its sole discretion, by up to an additional 12 months. The General Partner may also extend the Operating Period and subsequent Liquidation Period in its sole discretion. SQN Securities, LLC (“Securities”), a Delaware limited liability company, is affiliated with the General Partner. Securities will act initially as the selling agent for the offering of the units. The units are offered on a “best efforts,” “minimum-maximum” basis. Unless extended by the General Partner, from time to time, in its sole discretion, for up to an additional 12 months, the offering will terminate on the date that is two years from the date of August 11, 2016. During the Operating Period, the Partnership plans to make quarterly distributions of cash to the Limited Partners, if, in the opinion of the Partnership’s Investment Manager, such distributions are in the Partnership’s best interests. Therefore, the amount and rate of cash distributions could vary and are not guaranteed. The targeted distribution rate is 6.0% annually, paid quarterly as 1.5%, of each Limited Partner’s capital contribution (pro-rated to the date of admission for each Limited Partner). During the three months ended March 31, 2017, the Partnership declared and accrued quarterly distribution to its Limited Partners totaling $56,263 which resulted in a distributions payable to Limited Partners of $56,263 at March 31, 2017. The Partnership did not make a cash distribution to the General Partner during the period ended March 31, 2017 and accrued $563 for distributions due to the General Partner which resulted in distributions payable to the General Partner of $964 at March 31, 2017. From August 11, 2016 through March 31, 2017, the Partnership admitted 97 Limited Partners with total capital contributions of $4,526,355 resulting in the sale of 452,635.51 Units. The Partnership received cash contributions of $4,263,350 and applied $263,005 which would have otherwise been paid as sales commission to the purchase of 26,300.50 additional Units.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation Use of Estimates Cash and Cash Equivalents The Partnership’s cash and cash equivalents are held principally at one financial institution and at times may exceed federally insured limits. The Partnership has placed these funds in a full service commercial financial institution in order to minimize risk relating to exceeding insured limits. Restricted Cash Credit Risk Asset Impairments Lease Classification and Revenue Recognition The Partnership leases equipment to third parties and each such lease may be classified as either a finance lease or an operating lease. Initial direct costs are capitalized and amortized over the term of the related lease for a finance lease. For an operating lease, initial direct costs are included as a component of the cost of the equipment and depreciated. For finance leases, the Partnership records, at lease inception, the total minimum lease payments receivable from the lessee, the estimated unguaranteed residual value of the equipment upon lease termination, the initial direct costs, if any, related to the lease and the related unearned income. Unearned income represents the difference between the sum of the minimum lease payments receivable plus the estimated unguaranteed residual value, minus the cost of the leased equipment. Unearned income is recognized as finance income over the term of the lease using the effective interest rate method. For operating leases, rental income is recognized on the straight line basis over the lease term. Billed and uncollected operating lease receivables will be included in accounts receivable. Accounts receivable are stated at their estimated net realizable value. Rental income received in advance is the difference between the timing of the cash payments and the income recognized on the straight line basis. The investment committee of the Investment Manager approves each new equipment lease, financing transaction, and lease acquisition. As part of this process it determines the unguaranteed residual value, if any, to be used once the acquisition has been approved. The factors considered in determining the unguaranteed residual value include, but are not limited to, the creditworthiness of the potential lessee, the type of equipment being considered, how the equipment is integrated into the potential lessees’ business, the length of the lease the industry in which the potential lessee operates and the secondary market value of the equipment. Unguaranteed residual values are reviewed for impairment in accordance with the Partnership’s policy relating to impairment review. The residual value assumes, among other things, that the asset will be 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. The residual value is calculated using information from various external sources, such as trade publications, auction data, equipment dealers, wholesalers and industry experts, as well as inspection of the physical asset and other economic indicators. Finance Lease Receivables and Allowance for Doubtful Lease, Notes and Loan Accounts Equipment Notes and Loans Receivable Income Taxes The Partnership has adopted the provisions of Financial Accounting Standards Board’s (“FASB”) Topic 740, Accounting for Uncertainty in Income Taxes. Per Share Data Foreign Currency Transactions Depreciation Recent Accounting Pronouncements In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments “ASU 2016-15” In February 2016, the FASB issued new guidance to improve consolidation guidance for legal entities (Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842): Amendments to Leases Analysis) The standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the condensed financial statements.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	3. Related Party Transactions The General Partner is responsible for the operations of the Partnership and the Investment Manager makes all investment decisions and manages the investment portfolio of the Partnership. The Partnership reimburses the General Partner for actual incurred organizational and offering costs not to exceed 1.5% of all capital contributions received by the Partnership. Because organizational and offering expenses will be paid, as and to the extent they are incurred, organizational and offering expenses may be drawn disproportionately to the gross proceeds of each closing. The General Partner also has a promotional interest in the Partnership equal to 20% of all distributed distributable cash, after the Partnership has provided an 8% cumulative return, compounded annually, to the Limited Partners on their capital contributions. The General Partner has a 1% interest in the profits, losses and distributions of the Partnership. The General Partner will initially receive 1% of all distributed distributable cash, which was accrued at March 31, 2017. The Partnership pays the Investment Manager during the Offering Period, Operating Period and the Liquidation Period a management fee equal to the greater of, (i) 2.5% per annum of the aggregate offering proceeds, payable monthly in advance or (ii) $62,500 per month. For the three months ended March 31, 2017, the Partnership paid $187,500 in management fee expense to the Investment Manager. The Partnership pays the Investment Manager during the Operating Period a structuring fee in an amount equal to 1.5% of each cash investment made, including reinvestments, payable on the date each such investment is made. For the three months ended March 31, 2017, the Partnership paid $0 of structuring fees to the Investment Manager. Securities is a Delaware limited liability company and is majority-owned subsidiary of an affiliate of the Partnership’s Investment Manager. Securities in its capacity as the Partnership’s selling agent receives an underwriting fee of 2% of the gross proceeds from Limited Partners’ capital contributions (excluding proceeds, if any, the Partnership receives from the sale of the Partnership’s Units to the General Partner or its affiliates). While Securities is initially acting as the Partnership’s exclusive selling agent, the Partnership may engage additional selling agents in the future. For the three months ended March 31, 2017 and the period ended December 31, 2016, the Partnership incurred the following transactions with Securities: March 31, 2017 December 31, 2016 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by Securities 21,992 1,000 Payments by the Partnership to Securities (21,992 ) (1,000 ) Balance - end of period $ — $ — For the three months ended March 31, 2017 and the period ended December 31, 2016, the Partnership incurred the following underwriting fee transactions: Three Months Ended March 31, 2017 Period Ended December 31, 2016 (unaudited) Underwriting discount incurred by the Partnership $ 31,274 $ 231,731 Underwriting fees earned by Securities 21,992 1,000 Fees paid to outside brokers 31,213 — Total underwriting fees $ 84,479 $ 232,731

Investments in Finance Leases

Investments in Finance Leases	3 Months Ended
	Mar. 31, 2017
Leases, Capital [Abstract]
Investments in Finance Leases	4. Investments in Finance Leases At March 31, 2017 and December 31, 2016, net investments in finance leases consisted of the following: March 31, 2017 December 31, 2016 (unaudited) Minimum rents receivable $ 883,112 $ 970,258 Estimated unguaranteed residual value 68,002 68,002 Unearned income (91,206 ) (111,509 ) Total $ 859,908 $ 926,751 Computer Equipment On October 6, 2016, the Partnership funded a lease facility of $680,020 for Apple computers to a private school in New York City. The finance lease requires 36 monthly payments of $17,402. The lessee made a down payment of $102,002 and the remainder amount was funded by the Partnership. The lease is secured by ownership of the equipment. At March 31, 2017, there were no significant changes to this lease. Furniture and Kitchen Equipment On October 21, 2016, the Partnership funded a finance lease of $357,020 for an assortment of school furniture and kitchen equipment to a public charter school in New Jersey. The finance lease requires 36 monthly payments of $11,647 with the first and last payments due in advance. The lease is secured by a first position lien against the equipment. At March 31, 2017, there were no significant changes to this lease.

Investment in Equipment Subject

Investment in Equipment Subject to Operating Leases	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Investment in Equipment Subject to Operating Leases	5. Investment in Equipment Subject to Operating Leases On October 18, 2016, the Partnership funded a lease facility of $318,882 for 16 pizza ovens to five separate lessees. Each lease has a 36 month term with various monthly payments. The lease is secured by ownership of the equipment and by a corporate guarantee of the parent of the lessees. The composition of the equipment subject to operating leases of the Partnership as of March 31, 2017 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value Food equipment $ 334,826 $ 40,005 $ 294,821 $ 334,826 $ 40,005 $ 294,821 Depreciation expense for the three months ended March 31, 2017 was $23,882.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2017
Investments, All Other Investments [Abstract]
Fair Value of Financial Instruments	6. Fair Value of Financial Instruments The Partnership’s carrying value of cash and cash equivalents, accounts payable and accrued liabilities, and other liabilities, approximate fair value due to their short term until maturities. As of March 31, 2017, the Partnership evaluated the carrying values of its financial instruments and they approximate fair value.

Indemnifications

Indemnifications	3 Months Ended
	Mar. 31, 2017
Indemnifications
Indemnifications	7. Indemnifications The Partnership enters into contracts that contain a variety of indemnifications. The Partnership’s maximum exposure under these arrangements is not known. In the normal course of business, the Partnership enters into contracts of various types, including lease contracts, contracts for the sale or purchase of lease assets, loan agreements and management contracts. It is prevalent industry practice for most contracts of any significant value to include provisions that each of the contracting parties, in addition to assuming liability for breaches of the representations, warranties, and covenants that are part of the underlying contractual obligations, to also assume an obligation to indemnify and hold the other contractual party harmless for such breaches, and for harm caused by such party’s gross negligence and willful misconduct, including, in certain instances, certain costs and expenses arising from the contract. Generally, to the extent these contracts are performed in the ordinary course of business under the reasonable business judgment of the General Partner and the Investment Manager, no liability will arise as a result of these provisions. The General Partner and Investment Manager knows of no facts or circumstances that would make the Partnership’s contractual commitments outside standard mutual covenants applicable to commercial transactions between businesses. Accordingly, the Partnership believes that these indemnification obligations are made in the ordinary course of business as part of standard commercial and industry practice, and that any potential liability under the Partnership’s similar commitments is remote. Should any such indemnification obligation become payable, the Partnership would separately record and/or disclose such liability in accordance with U.S. GAAP.

Business Concentrations

Business Concentrations	3 Months Ended
	Mar. 31, 2017
Risks and Uncertainties [Abstract]
Business Concentrations	8. Business Concentrations For the three months ended March 31, 2017, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s rental income derived from operating leases. For the period ended December 31, 2016, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s rental income derived from operating leases. For the three months ended March 31, 2017, the Partnership had two leases which accounted for approximately 61% and 39% of the Partnership’s income derived from finance leases. For the period ended December 31, 2016, the Partnership had two leases which accounted for approximately 66% and 34% of the Partnership’s income derived from finance leases. At March 31, 2017, the Partnership had two lessees which accounted for approximately 62% and 38% of the Partnership’s investment in finance leases. At December 31, 2016, the Partnership had two lessees which accounted for approximately 62% and 38% of the Partnership’s investment in finance leases. At March 31, 2017, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s investment in operating leases. At December 31, 2016, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s investment in operating leases.

Geographic Information

Geographic Information	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Geographic Information	9. Geographic Information Geographic information for revenue for the three months ended March 31, 2017 and the period ended December 31, 2016 was as follows: United States Total Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 20,304 $ 20,304 United States Total Revenue: Rental income $ 18,171 $ 18,171 Finance income $ 20,368 $ 20,368 Geographic information for long-lived assets at March 31, 2017 and December 31, 2016 was as follows: United States Total Long-lived assets: Investment in finance leases, net $ 859,908 $ 859,908 Investments in equipment subject to operating leases, net $ 294,821 $ 294,821 United States Total Long-lived assets: Investment in finance leases, net $ 926,751 $ 926,751 Investments in equipment subject to operating leases, net $ 318,703 $ 318,703

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies As of March 31, 2017, the Partnership does not have any unfunded commitments for any investments.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events From April 1, 2017 through May 11, 2017, the Partnership admitted an additional 16 Limited Partners with total cash contributions of $896,126, total capital contributions of $943,290 and 94,329.00 Units. The Partnership paid or accrued an underwriting fee to Securities and outside brokers totaling $18,612 and $34,450, respectively.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Use of Estimates	Use of Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents The Partnership’s cash and cash equivalents are held principally at one financial institution and at times may exceed federally insured limits. The Partnership has placed these funds in a full service commercial financial institution in order to minimize risk relating to exceeding insured limits.
Restricted Cash	Restricted Cash
Credit Risk	Credit Risk
Asset Impairments	Asset Impairments
Lease Classification and Revenue Recognition	Lease Classification and Revenue Recognition The Partnership leases equipment to third parties and each such lease may be classified as either a finance lease or an operating lease. Initial direct costs are capitalized and amortized over the term of the related lease for a finance lease. For an operating lease, initial direct costs are included as a component of the cost of the equipment and depreciated. For finance leases, the Partnership records, at lease inception, the total minimum lease payments receivable from the lessee, the estimated unguaranteed residual value of the equipment upon lease termination, the initial direct costs, if any, related to the lease and the related unearned income. Unearned income represents the difference between the sum of the minimum lease payments receivable plus the estimated unguaranteed residual value, minus the cost of the leased equipment. Unearned income is recognized as finance income over the term of the lease using the effective interest rate method. For operating leases, rental income is recognized on the straight line basis over the lease term. Billed and uncollected operating lease receivables will be included in accounts receivable. Accounts receivable are stated at their estimated net realizable value. Rental income received in advance is the difference between the timing of the cash payments and the income recognized on the straight line basis. The investment committee of the Investment Manager approves each new equipment lease, financing transaction, and lease acquisition. As part of this process it determines the unguaranteed residual value, if any, to be used once the acquisition has been approved. The factors considered in determining the unguaranteed residual value include, but are not limited to, the creditworthiness of the potential lessee, the type of equipment being considered, how the equipment is integrated into the potential lessees’ business, the length of the lease the industry in which the potential lessee operates and the secondary market value of the equipment. Unguaranteed residual values are reviewed for impairment in accordance with the Partnership’s policy relating to impairment review. The residual value assumes, among other things, that the asset will be 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. The residual value is calculated using information from various external sources, such as trade publications, auction data, equipment dealers, wholesalers and industry experts, as well as inspection of the physical asset and other economic indicators.
Finance Lease Receivables and Allowance for Doubtful Lease, Notes and Loan Accounts	Finance Lease Receivables and Allowance for Doubtful Lease, Notes and Loan Accounts
Equipment Notes and Loans Receivable	Equipment Notes and Loans Receivable
Income Taxes	Income Taxes The Partnership has adopted the provisions of Financial Accounting Standards Board’s (“FASB”) Topic 740, Accounting for Uncertainty in Income Taxes.
Per Share Data	Per Share Data
Foreign Currency Transactions	Foreign Currency Transactions — The Partnership has designated the United States of America dollar as the functional currency for the Partnership’s investments denominated in foreign currencies. Accordingly, certain assets and liabilities are translated at either the reporting period exchange rates or the historical exchange rates, revenues and expenses are translated at the average rate of exchange for the period, and all transaction gains or losses are reflected in the statements of operations.
Depreciation	Depreciation
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments “ASU 2016-15” In February 2016, the FASB issued new guidance to improve consolidation guidance for legal entities (Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842): Amendments to Leases Analysis) The standard amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the condensed financial statements.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Schedule of Partnership Incurred Transactions with Securities	For the three months ended March 31, 2017 and the period ended December 31, 2016, the Partnership incurred the following transactions with Securities: March 31, 2017 December 31, 2016 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by Securities 21,992 1,000 Payments by the Partnership to Securities (21,992 ) (1,000 ) Balance - end of period $ — $ —
Schedule of Partnership Underwriting Fee Transactions	For the three months ended March 31, 2017 and the period ended December 31, 2016, the Partnership incurred the following underwriting fee transactions: Three Months Ended March 31, 2017 Period Ended December 31, 2016 (unaudited) Underwriting discount incurred by the Partnership $ 31,274 $ 231,731 Underwriting fees earned by Securities 21,992 1,000 Fees paid to outside brokers 31,213 — Total underwriting fees $ 84,479 $ 232,731

Investments in Finance Leases (

Investments in Finance Leases (Tables)	3 Months Ended
	Mar. 31, 2017
Leases, Capital [Abstract]
Schedule of Net Investments in Finance Leases	At March 31, 2017 and December 31, 2016, net investments in finance leases consisted of the following: March 31, 2017 December 31, 2016 (unaudited) Minimum rents receivable $ 883,112 $ 970,258 Estimated unguaranteed residual value 68,002 68,002 Unearned income (91,206 ) (111,509 ) Total $ 859,908 $ 926,751

Investment in Equipment Subje20

Investment in Equipment Subject to Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Schedule of Composition of Equipment Subject to Operating Leases of Partnership	The composition of the equipment subject to operating leases of the Partnership as of March 31, 2017 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value Food equipment $ 334,826 $ 40,005 $ 294,821 $ 334,826 $ 40,005 $ 294,821

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Geographic Information for Revenue	Geographic information for revenue for the three months ended March 31, 2017 and the period ended December 31, 2016 was as follows: United States Total Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 20,304 $ 20,304 United States Total Revenue: Rental income $ 18,171 $ 18,171 Finance income $ 20,368 $ 20,368
Schedule of Geographic Information for Long-lived Assets	Geographic information for long-lived assets at March 31, 2017 and December 31, 2016 was as follows: United States Total Long-lived assets: Investment in finance leases, net $ 859,908 $ 859,908 Investments in equipment subject to operating leases, net $ 294,821 $ 294,821 United States Total Long-lived assets: Investment in finance leases, net $ 926,751 $ 926,751 Investments in equipment subject to operating leases, net $ 318,703 $ 318,703

Organization and Nature of Op22

Organization and Nature of Operations (Details Narrative)	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)Integershares	Mar. 31, 2017USD ($)Integershares	Dec. 31, 2016USD ($)
Number of business segment | Integer	1
Targeted distribution, description	The targeted distribution rate is 6.0% annually, paid quarterly as 1.5%, of each Limited Partners’ capital contribution (pro-rated to the date of admission for each Limited Partner).
Targeted distribution rate, annually	6.00%
Targeted distribution rate, quarterly	1.50%
Partnership made first quarterly distribution to limited partners	$ 56,263
Distributions payable to limited partners	56,263	$ 56,263	$ 40,088
Distributions payable to general partner	964	964	$ 401
Partners' capital contributions	1,200,874
Partners received cash contributions	944,600
Units issued as underwriting fee discount	31,274
Limited Partners [Member]
Distributions payable to limited partners	56,263	$ 56,263
Number of partners | Integer		97
Partners' capital contributions	$ 1,200,874	$ 4,526,355
Partners' capital contributions, shares | shares	120,087.41	452,635.51
Partners received cash contributions		$ 4,263,351
Units issued as underwriting fee discount		$ 263,005
Additional units purchased during the period | shares		26,300.50
General Partner [Member]
Distributions payable to general partner	$ 964	$ 964
Partners' capital contributions
SQN AIF V GP, LLC [Member]
Partnership contribution	$ 100	$ 100
Percentage of ownership	1.00%	1.00%
SQN AIF V GP, LLC [Member] | Limited Partners [Member]
Partnership interest	99.00%	99.00%
Percentage of cumulative return on capital contributions	8.00%	8.00%
Percentage of distributable cash allocated	80.00%	80.00%
SQN AIF V GP, LLC [Member] | General Partner [Member]
Partnership interest	1.00%	1.00%
Percentage of distributable cash allocated	20.00%	20.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	3 Months Ended
	Mar. 31, 2017USD ($)
Percentage of organizational and offering cost	1.50%
Percentage of distributed cash	20.00%
Percentage of capital contributions	8.00%
Percentage of interest in profit, losses and distributions of partnership	1.00%
Percentage of all distributed distributable cash	1.00%
Description of management fee	The Partnership pays the Investment Manager during the Offering Period, Operating Period and the Liquidation Period a management fee equal to the greater of, (i) 2.5% per annum of the aggregate offering proceeds, payable monthly in advance or (ii) $62,500 per month.
Management fee expense	$ 187,500
Underwriting fee percentage	2.00%
Investment Manager [Member]
Structuring fee amount percentage	1.50%
Structuring fee	$ 0

Related Party Transactions - Sc

Related Party Transactions - Schedule of Partnership Incurred Transactions with Securities (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Balance - beginning of period
Underwriting fees earned by Securities	21,992	1,000
Payments by the Partnership to Securities	(21,992)	(1,000)
Balance - end of period

Related Party Transactions - 25

Related Party Transactions - Schedule of Partnership Underwriting Fee Transactions (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Underwriting discount incurred by the Partnership	$ 31,274	$ 231,731
Underwriting fees earned by securities	21,992	1,000
Fees paid to outside brokers	31,213
Total underwriting fees	$ 84,479	$ 232,731

Investments in Finance Leases26

Investments in Finance Leases (Details Narrative)	Oct. 21, 2016USD ($)Integer	Oct. 06, 2016USD ($)Integer
Apple Computers [Member]
Finance lease facility		$ 680,020
Number of monthly payments | Integer		36
Monthly lease payments		$ 17,402
Payment of equipment lease receivables		$ 102,002
Assortment of School Furniture and kitchen Equipment [Member]
Finance lease facility	$ 357,020
Number of monthly payments | Integer	36
Monthly lease payments	$ 11,647

Investments in Finance Leases -

Investments in Finance Leases - Schedule of Net Investments in Finance Leases (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Leases, Capital [Abstract]
Minimum rents receivable	$ 883,112	$ 970,258
Estimated unguaranteed residual value	68,002	68,002
Unearned income	(91,206)	(111,509)
Investments, finance leases	$ 859,908	$ 926,751

Investment in Equipment Subje28

Investment in Equipment Subject to Operating Leases (Details Narrative)	Oct. 18, 2016USD ($)Integer	Mar. 31, 2017USD ($)
Depreciation expense | $		$ 23,882
16 pizza ovens [Member]
Finance lease facility | $	$ 318,882
Number of lessees | Integer	5
Number of monthly payments | Integer	36

Investment in Equipment Subje29

Investment in Equipment Subject to Operating Leases - Schedule of Composition of Equipment Subject to Operating Leases of Partnership (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Cost Basis	$ 334,826
Accumulated Depreciation	40,005
Net Book Value	294,821	$ 318,703
Food Equipment [Member]
Cost Basis	334,826
Accumulated Depreciation	40,005
Net Book Value	$ 294,821

Business Concentrations (Detail

Business Concentrations (Details Narrative)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Lessee #1 [Member] | Rental Income Operating Leases [Member]
Concentration credit risk percentage	100.00%	100.00%
Lessee #1 [Member] | Investment in Finance Lease [Member]
Concentration credit risk percentage	62.00%	62.00%
Lessee #1 [Member] | Investment In Operating Leases [Member]
Concentration credit risk percentage	100.00%	100.00%
Lease #1 [Member] | Finance Leases [Member]
Concentration credit risk percentage	61.00%	66.00%
Lease #2 [Member] | Finance Leases [Member]
Concentration credit risk percentage	39.00%	34.00%
Lessee #2 [Member] | Investment in Finance Lease [Member]
Concentration credit risk percentage	38.00%	38.00%

Geographic Information - Schedu

Geographic Information - Schedule of Geographic Information for Revenue (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Rental income	$ 27,256	$ 18,171
Finance income	20,304	20,368
United States [Member]
Rental income	27,256	18,171
Finance income	$ 20,304	$ 20,368

Geographic Information - Sche32

Geographic Information - Schedule of Geographic Information for Long-lived Assets (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Investment in finance leases, net	$ 859,908	$ 926,751
Investments in equipment subject to operating leases, net	294,821	318,703
United States [Member]
Investment in finance leases, net	859,908	926,751
Investments in equipment subject to operating leases, net	$ 294,821	$ 318,703

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	1 Months Ended	3 Months Ended
	May 12, 2017USD ($)Integershares	Mar. 31, 2017USD ($)
Partners' cash contributions		$ 944,600
Partners' capital contributions		$ 1,200,874
Subsequent Event [Member] | Limited Partners [Member]
Number of additional partners | Integer	16
Partners' cash contributions	$ 896,126
Partners' capital contributions	$ 943,290
Partners' capital contributions, units | shares	94,329
Subsequent Event [Member] | Limited Partners [Member] | Outside Brokers [Member]
Accrued underwriting fee	$ 34,450
Subsequent Event [Member] | Limited Partners [Member] | Securities [Member]
Accrued underwriting fee	$ 18,612