Arboretum Silverleaf Income Fund 10-Q 14 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 14, 2018
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, 2018
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,366,455.77
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 2,274,459	$ 2,036,337
Investments in finance leases, net	5,529,950	2,032,092
Investments in equipment subject to operating leases, net	199,219	223,102
Collateralized loans receivable, including accrued interest of $2,001 and $28,997	819,922	3,880,331
Other assets	257,146	28,061
Total Assets	9,080,696	8,199,923
Liabilities:
Accounts payable and accrued liabilities	203,005	103,158
Distributions payable to Limited Partners	202,768	181,062
Distributions payable to General Partner	7,130	5,102
Deferred revenue	85,107	49,619
Total Liabilities	498,010	338,941
Partners' Equity (Deficit):
Limited Partners	8,605,143	7,880,248
General Partner	(22,457)	(19,266)
Total Equity	8,582,686	7,860,982
Total Liabilities and Partners' Equity	$ 9,080,696	$ 8,199,923

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Accrued interest	$ 2,001	$ 28,997

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue
Rental income	$ 27,256	$ 27,256
Finance income	133,062	20,304
Interest income	62,333
Other income	830	221
Total Revenue	223,481	47,781
Expenses
Management fees - Investment Manager	187,500	187,500
Depreciation	23,883	23,882
Professional fees	76,529	89,775
Administration expense	42,884	60,900
Other expenses	9,000
Total Expenses	339,796	362,057
Net loss	(116,315)	(314,276)
Net loss attributable to the Partnership
Limited Partners	(115,152)	(311,133)
General Partner	(1,163)	(3,143)
Net loss attributable to the Partnership	$ (116,315)	$ (314,276)
Weighted average number of limited partnership interests outstanding	1,894,079.57	298,331.38
Net loss attributable to Limited Partners per weighted average number of limited partnership interests outstanding	$ (0.06)	$ (1.04)

Condensed Statement of Changes

Condensed Statement of Changes in Partners' Equity (Unaudited) - 3 months ended Mar. 31, 2018 - USD ($)	Total	General Partner [Member]	Limited Partners [Member]
Balance at Dec. 31, 2017	$ 7,860,982	$ (19,266)	$ 7,880,248
Balance, shares at Dec. 31, 2017			1,137,300.24
Partners' capital contributions	1,134,792		$ 1,134,792
Partners' capital contributions, shares			113,479.21
Offering expenses	(13,048)		$ (13,048)
Underwriting fees	(78,929)		(78,929)
Net loss	(116,315)	(1,163)	(115,152)
Distributions to partners	(204,796)	(2,028)	(202,768)
Balance at Mar. 31, 2018	$ 8,582,686	$ (22,457)	$ 8,605,143
Balance, shares at Mar. 31, 2018			1,250,779.45

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net loss	$ (116,315)	$ (314,276)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Finance income	(133,062)	(20,304)
Accrued interest income	(62,318)
Depreciation	23,883	23,882
Change in operating assets and liabilities:
Minimum rents receivable	296,400	87,147
Accrued interest income	92,708
Other assets	(229,085)	(3,792)
Accounts payable and accrued liabilities	99,847	116,475
Deferred revenue	35,488
Net cash provided by (used in) operating activities	7,546	(110,868)
Cash flows from investing activities:
Purchase of finance leases	(3,661,196)
Cash received from collateralized loans receivable	3,030,019
Net cash used in investing activities	(631,177)
Cash flows from financing activities:
Repayments of loan payable		(1,000)
Cash received from Limited Partner capital contributions	1,109,450	944,600
Cash paid for Limited Partner distributions	(181,062)	(40,088)
Cash paid for Limited Partner redemptions		(1,000)
Cash paid for underwriting fees	(53,587)	(53,205)
Cash paid for offering costs	(13,048)	(132,502)
Net cash provided by financing activities	861,753	716,805
Net increase in cash and cash equivalents	238,122	605,937
Cash and cash equivalents, beginning of period	2,036,337	1,251,118
Cash and cash equivalents, end of period	2,274,459	1,857,055
Supplemental disclosure of non-cash investing and financing activities:
Units issued as underwriting fee discount	25,342	31,274
Distributions payable to General Partner	2,028	563
Distributions payable to Limited Partners	$ 21,706	$ 16,175

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2018
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 that date, unless extended by the General Partner, from time to time, in its sole discretion, by up to an additional 12 months. The Operating Period commenced on October 3, 2016, the date of the Partnership’s initial closing, and will 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. 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. 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). Since June 30, 2017, the Partnership’s distribution rate has been 6.5% annually, paid quarterly at 1.625%, of capital contributions, and the Partnership anticipates further increasing its distribution rate beginning as of March 31, 2018 to 7.0% annually, paid quarterly at 1.75%, of capital contributions. During the three months ended March 31, 2018, the Partnership made quarterly cash distributions to its Limited Partners totaling $181,062, and accrued $202,768 for distributions due to Limited Partners which resulted in a distributions payable to Limited Partners of $202,768 at March 31, 2018. At March 31, 2018, the Partnership declared and accrued a distribution of $2,028, for distributions due to the General Partner which resulted in distributions payable to the General Partner of $7,130 at March 31, 2018. From August 11, 2016 through March 31, 2018, the Partnership admitted 277 Limited Partners with total capital contributions of $12,517,410 resulting in the sale of 1,251,740.99 Units. The Partnership received cash contributions of $12,019,049 and applied $498,361 which would have otherwise been paid as sales commission to the purchase of 49,836.14 additional Units.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
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 Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In February 2016, the FASB issued new guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements, ASU 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets, and makes targeted changes to lessor accounting. In May 2014, the FASB issued ASU No. 2014-09 , Revenue from Contracts with Customers (Topic 606) , 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 interim financial statements.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
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, 2018 and 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, 2018 and 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, 2018 and 2017, the Partnership accrued $52,117 and $0, respectively, of structuring fees to the Investment Manager. On December 15, 2017, the Partnership entered into two assignment and purchase agreements with Arboretum Core Asset Finance Fund, L.P., a Delaware limited partnership, a fund managed by the Investment Manager, to purchase two seasoned and performing promissory notes for total cash of $130,559. The funds from the promissory notes with the borrower were used to acquire point-of-sale systems for multiple restaurants. The two promissory notes will be paid in 13 monthly installments of principal and interest of $7,943 and $2,870, respectively. The notes accrue interest at a rate of 18% per annum and mature on January 1, 2019. The promissory notes are secured by a first priority lien with respect to the equipment. For the three months ended March 31, 2018, the promissory notes earned interest income of $3,835. Securities is a Delaware limited liability company and is a 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, 2018 and the year ended December 31, 2017, the Partnership incurred the following transactions with Securities: March 31, 2018 December 31, 2017 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by Securities 22,189 154,917 Payments by the Partnership to Securities (22,189 ) (154,917 ) Balance - end of period $ — $ — For the three months ended March 31, 2018 and 2017, the Partnership incurred the following underwriting fee transactions: Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 (unaudited) (unaudited) Underwriting discount incurred by the Partnership $ 25,342 $ 31,274 Underwriting fees earned by Securities 22,189 21,992 Fees paid to outside brokers 31,398 31,213 Total underwriting fees $ 78,929 $ 84,479

Investments in Finance Leases

Investments in Finance Leases	3 Months Ended
	Mar. 31, 2018
Leases, Capital [Abstract]
Investments in Finance Leases	4. Investments in Finance Leases. At March 31, 2018 and December 31, 2017, net investments in finance leases consisted of the following: March 31, 2018 December 31, 2017 (unaudited) Minimum rents receivable $ 6,208,224 $ 2,422,090 Estimated unguaranteed residual value 655,409 128,970 Unearned income (1,333,683 ) (518,968 ) Total $ 5,529,950 $ 2,032,092 Computer Equipment On October 6, 2016, the Partnership funded a lease facility for $680,020 of Apple computers with 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, 2018, there were no significant changes to this lease. Furniture and Kitchen Equipment On October 21, 2016, the Partnership funded a finance lease for $357,020 of an assortment of school furniture and kitchen equipment with 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 priority lien against the equipment. At March 31, 2018, there were no significant changes to this lease. Agricultural Equipment On November 9, 2017, the Partnership funded a lease facility for $406,456 of agricultural equipment and supplies with a company based in Illinois. The finance lease requires 36 monthly payments of $13,819 with the first and last payments due in advance. On February 9, 2018, the Partnership funded a second lease facility for $48,850 of agricultural equipment and supplies with the company based in Illinois. The finance lease requires 36 monthly payments of $1,661 with the first and last payments due in advance. The leases are secured by a first priority lien against the agricultural equipment and supplies and a personal guarantee from the company’s CEO. At March 31, 2018, there were no significant changes to these leases. Infrastructure Equipment On December 4, 2017, the Partnership entered into a lease facility for $940,000 of railcar movers with a company based in Missouri. The finance lease requires 60 monthly payments of $16,468 with the first and last payments due in advance, and an additional final payment of $350,709. The lease is secured by a first priority lien against the railcar movers. At March 31, 2018, there were no significant changes to this lease. Fabrication Equipment On January 18, 2018, the Partnership entered into a lease facility for $2,188,377 of fabrication equipment with a company based in Texas. The lease requires 42 monthly payments of $57,199 with the first and last payments due in advance. The lease is secured by a first priority lien against the fabrication equipment. The lease is expected to commence on July 1, 2018, and the company has been paying pre-commencement rents to the Partnership. On January 30, 2018, February 14, 2018 and on March 16, 2018, the Partnership advanced $1,079,895, $647,122 and $349,428, respectively, under this lease facility. Virtual Office Software Equipment On February 5, 2018, the Partnership entered into a lease facility for $245,219 of virtual office software and equipment with a company based in Florida. The lease requires 24 monthly payments of $12,020 with the first and last payments due in advance. The lease is secured by a first priority lien against the virtual office software and equipment. On February 5, 2018, the Partnership advanced $245,219 under this lease facility. Education and Tourism Equipment On February 12, 2018, the Partnership entered into a lease facility for $1,500,000 of educational multimedia content equipment with a global company. The lease is secured by a first priority lien against the educational multimedia content equipment. On February 14, 2018, the Partnership advanced $1,015,720 as equipment lease schedule 1 (“Schedule 1”) under this lease facility. The Schedule 1 lease requires 36 monthly payments of $33,402 with the first payment due in advance, commencing on March 1, 2018. Kitchen Equipment On March 9, 2018, the Partnership entered into a lease facility for $88,233 of restaurant kitchen equipment with a company based in Pennsylvania. The lease requires 42 monthly payments of $2,669 with the first and last payments due in advance. The lease is secured by a first priority lien against the restaurant kitchen equipment and a corporate guarantee of an affiliated company. On March 13, 2018, the Partnership advanced $88,233 under this lease facility.

Investment in Equipment Subject

Investment in Equipment Subject to Operating Leases	3 Months Ended
	Mar. 31, 2018
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 for $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, 2018 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value (unaudited) (unaudited) (unaudited) Food equipment $ 334,826 $ 135,607 $ 199,219 $ 334,826 $ 135,607 $ 199,219 The composition of the equipment subject to operating leases of the Partnership as of December 31, 2017 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value Food equipment $ 334,826 $ 111,724 $ 223,102 $ 334,826 $ 111,724 $ 223,102 Depreciation expense for the three months ended March 31, 2018 and 2017 was $23,883 and $23,882, respectively.

Collateralized Loans Receivable

Collateralized Loans Receivable	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Collateralized Loans Receivable	6. Collateralized Loans Receivable. On June 26, 2017, the Partnership entered into a Commercial Finance Agreement (“CFA”) with a borrower to provide secured financing for $1,184,850 of warehouse racking equipment. The CFA is secured by the racking equipment, and accrues interest at a rate of 9% per annum and matures on June 26, 2020. The borrower will make 36 monthly payments as follows: one payment of $39,083, 11 monthly payments of $69,498 and 24 monthly payments of $20,222. In connection with the CFA, on June 26, 2017, the Partnership advanced $689,552 to the vendor as a progress payment for the equipment. On July 31, 2017, the Partnership advanced $495,298 to the vendor as the final payment for the equipment. For the three months ended March 31, 2018, the CFA earned interest income of $12,530. On June 26, 2017, the Partnership entered into a loan agreement with a borrower to refinance the borrower’s debt. In connection with the refinancing, the Partnership received a promissory note from the borrower in the amount of $150,000. The note accrues interest at a rate of 12% per annum and matures on June 26, 2021. The promissory note will be paid through 48 monthly installments of principal and interest of $3,931. The promissory note is secured by a first priority security interest in all of the borrower’s assets and personal guarantees of the borrower’s principals as well as a corporate guarantee of an affiliate of the borrower. For the three months ended March 31, 2018, the promissory note earned interest income of $3,050. On November 7, 2017, the Partnership entered into a loan agreement with a borrower to provide short term bridge financing, which funds were used to acquire the rights, title, and interest in an asset backed equipment loan (the “Underlying Loan”). In connection with the loan agreement, the Partnership received a promissory note from the borrower in the amount of $2,800,000. The note accrues interest at a rate of 1.5% per month for the first 30 days and 1.25% per month thereafter, and matures on February 7, 2018. The promissory note will be paid in one monthly installment of interest of $42,000 for the first 30 days and two monthly installments of $35,000 thereafter. The promissory note is secured by (i) a first priority security interest in all the borrower’s right, title and interest in the Underlying Loan and the proceeds thereof; (ii) a first priority security interest in all of borrower’s right, title and interest in an unrelated, performing asset backed loan and the equipment related thereto; and (iii) a first priority security interest in borrower’s 100% membership interests in the special purpose entity that holds the Underlying Loan. For the three months ended March 31, 2018, the promissory note earned interest income of $42,903. During the year ended December 31, 2017, the Partnership received a payment of $42,000. On January 5, 2018, the Partnership received a payment of $42,000. On February 6, 2018, the Partnership received cash proceeds of $2,828,000 as payment in full of the asset backed equipment loan. The future principal maturities of the Partnership’s collateralized loans receivable at March 31, 2018 are as follows: Years ending March 31, (unaudited) 2019 $ 451,068 2020 271,126 2021 84,105 2022 11,622 2023 — Thereafter — Total $ 817,921

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2018
Investments, All Other Investments [Abstract]
Fair Value of Financial Instruments	7. 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, 2018, the Partnership evaluated the carrying values of its financial instruments and they approximate fair value.

Indemnifications

Indemnifications	3 Months Ended
	Mar. 31, 2018
Indemnifications
Indemnifications	8. 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, 2018
Risks and Uncertainties [Abstract]
Business Concentrations	9. Business Concentrations For the three months ended March 31, 2018 and 2017, 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, 2018, the Partnership had four lessees which accounted for approximately 39%, 20%, 14% and 14% of the Partnership’s income derived from finance leases. For the three months ended March 31, 2017, the Partnership had two lessees which accounted for approximately 61% and 39% of the Partnership’s income derived from finance leases. For the three months ended March 31, 2018, the Partnership had two promissory notes which accounted for approximately 69% and 20% of the Partnership’s interest income derived from collateralized loans receivable. At March 31, 2018, the Partnership had three lessees which accounted for approximately 41%, 18% and 17% of the Partnership’s investment in 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 March 31, 2018 and 2017, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s investment in operating leases. At March 31, 2018, the Partnership had three promissory notes which accounted for approximately 71%, 16% and 13% of the Partnership’s investment in collateralized loans receivable.

Geographic Information

Geographic Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Geographic Information	10. Geographic Information Geographic information for revenue for the three months ended March 31, 2018 and 2017 was as follows: Three Months Ended March 31, 2018 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 133,062 $ 133,062 Interest income $ 62,333 $ 62,333 Three Months Ended March 31, 2017 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 20,304 $ 20,304 Geographic information for long-lived assets at March 31, 2018 and December 31, 2017 was as follows: March 31, 2018 United States Total (unaudited) (unaudited) Long-lived assets: Investment in finance leases, net $ 5,529,950 $ 5,529,950 Investments in equipment subject to operating leases, net $ 199,219 $ 199,219 Collateralized loan receivable, including accrued interest $ 819,922 $ 819,922 December 31, 2017 United States Total Long-lived assets: Investment in finance leases, net $ 2,032,092 $ 2,032,092 Investments in equipment subject to operating leases, net $ 223,102 $ 223,102 Collateralized loan receivable, including accrued interest $ 3,880,331 $ 3,880,331

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies As of March 31, 2018, the Partnership has an unfunded commitment of $111,932 for the finance lease of fabrication equipment and two unfunded commitments totaling $484,280 for the finance lease of educational multimedia content equipment. Except for those investments, the Partnership does not have any unfunded commitments for any investments.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events On April 3, 2018, the Partnership funded a lease facility for $390,573 of IT server equipment with a company based in California. The finance lease requires 36 monthly payments of $13,444 with the first payment due in advance. The lease is secured by a first priority lien against the IT server equipment. On April 17, 2018, the Partnership funded a lease facility for $44,380 of agricultural equipment and supplies with a company based in Illinois. The finance lease requires 36 monthly payments of $1,509 with the first and last payments due in advance. The lease is secured by a first priority lien against the agricultural equipment and supplies and a personal guarantee from the company’s CEO. On May 1, 2018, the Partnership, as co-borrower, entered into a loan agreement with a bank for a $5,000,000 revolving line of credit. This short term line is intended to be utilized to warehouse transactions to be invested in by the Partnership as investor proceeds are received. In connection with the loan agreement, the Partnership issued a promissory note to the bank in the amount of $5,000,000 that matures on May 1, 2020. To date, the Partnership has not drawn any funds under the revolving line of credit. In the event the Partnership draws funds, interest shall accrue at a rate of Prime Rate plus 1% per annum. On May 11, 2018, the Partnership received cash of $99,162 as total payoff of the finance lease of restaurant kitchen equipment from the company based in Pennsylvania. The finance lease had a net book value of $82,674 resulting in additional finance income on payoff of $16,488. From April 1, 2018 through May 14, 2018, the Partnership admitted an additional 26 Limited Partners with total capital contributions of $1,156,763 resulting in the sale of 115,676.32 Units. The Partnership received cash contributions of $1,140,500 and applied $16,263 which would have otherwise been paid as sales commissions to the purchase of 1,626.32 additional Units. The Partnership paid or accrued an underwriting fee to Securities and outside brokers totaling $22,810 and $41,575, respectively.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
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
Depreciation	Depreciation
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In February 2016, the FASB issued new guidance to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements, ASU 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets, and makes targeted changes to lessor accounting. In May 2014, the FASB issued ASU No. 2014-09 , Revenue from Contracts with Customers (Topic 606) , 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 interim financial statements.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Schedule of Partnership Incurred Transactions with Securities	For the three months ended March 31, 2018 and the year ended December 31, 2017, the Partnership incurred the following transactions with Securities: March 31, 2018 December 31, 2017 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by Securities 22,189 154,917 Payments by the Partnership to Securities (22,189 ) (154,917 ) Balance - end of period $ — $ —
Schedule of Partnership Underwriting Fee Transactions	For the three months ended March 31, 2018 and 2017, the Partnership incurred the following underwriting fee transactions: Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 (unaudited) (unaudited) Underwriting discount incurred by the Partnership $ 25,342 $ 31,274 Underwriting fees earned by Securities 22,189 21,992 Fees paid to outside brokers 31,398 31,213 Total underwriting fees $ 78,929 $ 84,479

Investments in Finance Leases (

Investments in Finance Leases (Tables)	3 Months Ended
	Mar. 31, 2018
Leases, Capital [Abstract]
Schedule of Net Investments in Finance Leases	At March 31, 2018 and December 31, 2017, net investments in finance leases consisted of the following: March 31, 2018 December 31, 2017 (unaudited) Minimum rents receivable $ 6,208,224 $ 2,422,090 Estimated unguaranteed residual value 655,409 128,970 Unearned income (1,333,683 ) (518,968 ) Total $ 5,529,950 $ 2,032,092

Investment in Equipment Subje22

Investment in Equipment Subject to Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value (unaudited) (unaudited) (unaudited) Food equipment $ 334,826 $ 135,607 $ 199,219 $ 334,826 $ 135,607 $ 199,219 The composition of the equipment subject to operating leases of the Partnership as of December 31, 2017 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value Food equipment $ 334,826 $ 111,724 $ 223,102 $ 334,826 $ 111,724 $ 223,102

Collateralized Loans Receivab23

Collateralized Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of Future Principal Maturities	The future principal maturities of the Partnership’s collateralized loans receivable at March 31, 2018 are as follows: Years ending March 31, (unaudited) 2019 $ 451,068 2020 271,126 2021 84,105 2022 11,622 2023 — Thereafter — Total $ 817,921

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Geographic Information for Revenue	Geographic information for revenue for the three months ended March 31, 2018 and 2017 was as follows: Three Months Ended March 31, 2018 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 133,062 $ 133,062 Interest income $ 62,333 $ 62,333 Three Months Ended March 31, 2017 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 20,304 $ 20,304
Schedule of Geographic Information for Long-lived Assets	Geographic information for long-lived assets at March 31, 2018 and December 31, 2017 was as follows: March 31, 2018 United States Total (unaudited) (unaudited) Long-lived assets: Investment in finance leases, net $ 5,529,950 $ 5,529,950 Investments in equipment subject to operating leases, net $ 199,219 $ 199,219 Collateralized loan receivable, including accrued interest $ 819,922 $ 819,922 December 31, 2017 United States Total Long-lived assets: Investment in finance leases, net $ 2,032,092 $ 2,032,092 Investments in equipment subject to operating leases, net $ 223,102 $ 223,102 Collateralized loan receivable, including accrued interest $ 3,880,331 $ 3,880,331

Organization and Nature of Op25

Organization and Nature of Operations (Details Narrative)	Jun. 30, 2017	Mar. 31, 2018USD ($)Integershares	Mar. 31, 2017USD ($)	Mar. 31, 2018USD ($)Integershares	Dec. 31, 2017USD ($)
Number of business segment | Integer		1
Cash distributions to limited partners		$ 181,062	$ 40,088
Distributions payable to limited partners		202,768		$ 202,768	$ 181,062
Accrued for distributions due to partners		204,796
Distributions payable to general partner		7,130		7,130	$ 5,102
Partners' capital contributions		1,134,792
Partners received cash contributions		1,109,450	944,600
Units issued as underwriting fee discount		$ 25,342	$ 31,274
Limited Partners [Member]
Targeted distribution, description	Since June 30, 2017, the Partnership’s distribution rate has been 6.5% annually, paid quarterly at 1.625%, of capital contributions,	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).
Targeted distribution rate, annually	6.50%	6.00%
Targeted distribution rate, quarterly	1.625%	1.50%
Anticipative distribution, description		The Partnership anticipates further increasing its distribution rate beginning as of March 31, 2018 to 7.0% annually, paid quarterly at 1.75%, of capital contributions.
Anticipative distribution rate, annually		0.070
Anticipative distribution rate, quarterly		0.0175
Cash distributions to limited partners		$ 181,062
Distributions payable to limited partners		202,768		$ 202,768
Accrued for distributions due to partners		202,768
Number of partners | Integer				277
Partners' capital contributions		$ 1,134,792		$ 12,517,410
Partners' capital contributions, shares | shares		113,479.21		1,251,740.99
Partners received cash contributions				$ 12,019,049
Units issued as underwriting fee discount				$ 498,361
Additional units purchased during the period | shares				49,836.14
General Partner [Member]
Accrued for distributions due to partners		$ 2,028
Distributions payable to general partner		7,130		$ 7,130
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)	Dec. 15, 2017USD ($)Integer	Mar. 31, 2018USD ($)	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%	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		$ 187,500	$ 187,500
Interest income		$ 3,835
Underwriting fee percentage		2.00%
Two Assignment and Purchase Agreement [Member] | Arboretum Core Asset Finance Fund, L.P [Member]
Cash paid for collateralized loans receivable	$ 130,559
Number of monthly payments | Integer	13
Promissory notes, principal amount	$ 7,943
Promissory notes, interest	$ 2,870
Debt accrued interest rate	18.00%
Debt maturity date	Jan. 1, 2019
Investment Manager [Member]
Structuring fee amount percentage		1.50%
Structuring fee		$ 52,117	$ 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, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Party Transactions [Abstract]
Balance - beginning of period
Underwriting fees earned by Securities	22,189	$ 21,992	154,917
Payments by the Partnership to Securities	(22,189)		(154,917)
Balance - end of period

Related Party Transactions - 28

Related Party Transactions - Schedule of Partnership Underwriting Fee Transactions (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Party Transactions [Abstract]
Underwriting discount incurred by the Partnership	$ 25,342	$ 31,274
Underwriting fees earned by securities	22,189	21,992	$ 154,917
Fees paid to outside brokers	31,398	31,213
Total underwriting fees	$ 78,929	$ 84,479

Investments in Finance Leases29

Investments in Finance Leases (Details Narrative)

Mar. 16, 2018USD ($)

Mar. 13, 2018USD ($)

Mar. 09, 2018USD ($)Integer

Mar. 01, 2018USD ($)Integer

Feb. 14, 2018USD ($)

Feb. 12, 2018USD ($)

Feb. 09, 2018USD ($)Integer

Feb. 05, 2018USD ($)Integer

Jan. 30, 2018USD ($)

Jan. 18, 2018USD ($)Integer

Dec. 04, 2017USD ($)Integer

Nov. 09, 2017USD ($)Integer

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

Agricultural Equipment and Supplies [Member]

Finance lease facility

$ 48,850

$ 406,456

Number of monthly payments | Integer

36

36

Monthly lease payments

$ 1,661

$ 13,819

Railcar Movers [Member]

Finance lease facility

$ 940,000

Number of monthly payments | Integer

60

Monthly lease payments

$ 16,468

Payment of equipment lease receivables

$ 350,709

Fabrication Equipment [Member]

Finance lease facility

$ 2,188,377

Number of monthly payments | Integer

42

Monthly lease payments

$ 57,199

Payment of equipment lease receivables

$ 349,428

$ 647,122

$ 1,079,895

Virtual Office Software Equipment [Member]

Finance lease facility

$ 245,219

Number of monthly payments | Integer

24

Monthly lease payments

$ 12,020

Payment of equipment lease receivables

$ 245,219

Educational Multimedia Content Equipment [Member]

Finance lease facility

$ 1,500,000

Number of monthly payments | Integer

36

Monthly lease payments

$ 33,402

Payment of equipment lease receivables

$ 1,015,720

Restaurant Kitchen Equipment [Member]

Finance lease facility

$ 88,233

Number of monthly payments | Integer

42

Monthly lease payments

$ 2,669

Payment of equipment lease receivables

$ 88,233

Investments in Finance Leases -

Investments in Finance Leases - Schedule of Net Investments in Finance Leases (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Leases, Capital [Abstract]
Minimum rents receivable	$ 6,208,224	$ 2,422,090
Estimated unguaranteed residual value	655,409	128,970
Unearned income	(1,333,683)	(518,968)
Total	$ 5,529,950	$ 2,032,092

Investment in Equipment Subje31

Investment in Equipment Subject to Operating Leases (Details Narrative)	Oct. 18, 2016USD ($)Integer	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Depreciation expense | $		$ 23,883	$ 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 Subje32

Investment in Equipment Subject to Operating Leases - Schedule of Composition of Equipment Subject to Operating Leases of Partnership (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Cost Basis	$ 334,826	$ 334,826
Accumulated Depreciation	135,607	111,724
Net Book Value	199,219	223,102
Food Equipment [Member]
Cost Basis	334,826	334,826
Accumulated Depreciation	135,607	111,724
Net Book Value	$ 199,219	$ 223,102

Collateralized Loans Receivab33

Collateralized Loans Receivable (Details Narrative)	Feb. 06, 2018USD ($)	Jan. 05, 2018USD ($)	Nov. 07, 2017USD ($)	Jul. 31, 2017USD ($)	Jun. 26, 2017USD ($)Integer	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Interest income						$ 3,835
Asset Backed Equipment Loan [Member]
Proceeds from lease payment	$ 2,828,000
Commercial Finance Agreement [Member]
Interest income						12,530
Commercial Finance Agreement [Member] | Warehouse Racking Equipment [Member]
Secured financing					$ 1,184,850
Debt accrued interest rate					9.00%
Debt maturity date					Jun. 26, 2020
Number of monthly payments | Integer					36
Advanced to vendor amount				$ 495,298	$ 689,552
Commercial Finance Agreement [Member] | Warehouse Racking Equipment [Member] | 1 Month Payment [Member]
Number of monthly payments | Integer					1
Debt periodic payments					$ 39,083
Commercial Finance Agreement [Member] | Warehouse Racking Equipment [Member] | 11 Monthly Payments [Member]
Number of monthly payments | Integer					11
Debt periodic payments					$ 69,498
Commercial Finance Agreement [Member] | Warehouse Racking Equipment [Member] | 24 Monthly Payments [Member]
Number of monthly payments | Integer					24
Debt periodic payments					$ 20,222
Loan Agreement [Member]
Debt accrued interest rate			1.50%		12.00%
Debt maturity date			Feb. 7, 2018		Jun. 26, 2021
Number of monthly payments | Integer					48
Interest income						42,903
Cash paid for collateralized loans receivable			$ 2,800,000		$ 150,000
Promissory notes, principal amount					$ 3,931
Debt interest rate, thereafter			1.25%
Membership interest, percentage			100.00%
Proceeds from debt		$ 42,000					$ 42,000
Loan Agreement [Member] | Borrower [Member]
Interest income						3,050
Loan Agreement [Member] | 1 Monthly Installment [Member]
Interest income						42,000
Loan Agreement [Member] | 2 Monthly Installment [Member]
Interest income						$ 35,000

Collateralized Loans Receivab34

Collateralized Loans Receivable - Schedule of Future Principal Maturities (Details)	Mar. 31, 2018USD ($)
Receivables [Abstract]
2,019	$ 451,068
2,020	271,126
2,021	84,105
2,022	11,622
2,023
Thereafter
Total	$ 817,921

Business Concentrations (Detail

Business Concentrations (Details Narrative)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Interest Income [Member] | Promissory Note One [Member]
Concentration credit risk percentage	69.00%
Interest Income [Member] | Promissory Note Two [Member]
Concentration credit risk percentage	20.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note One [Member]
Concentration credit risk percentage	71.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note Two [Member]
Concentration credit risk percentage	16.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note Three [Member]
Concentration credit risk percentage	13.00%
Lessee #1 [Member] | Rental Income Operating Leases [Member]
Concentration credit risk percentage	100.00%	100.00%
Lessee #1 [Member] | Finance Leases [Member]
Concentration credit risk percentage	39.00%	61.00%
Lessee #1 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	41.00%	62.00%
Lessee #1 [Member] | Investment in Operating Leases [Member]
Concentration credit risk percentage	100.00%	100.00%
Lessee #2 [Member] | Finance Leases [Member]
Concentration credit risk percentage	20.00%	39.00%
Lessee #2 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	18.00%	38.00%
Lessee #3 [Member] | Finance Leases [Member]
Concentration credit risk percentage	14.00%
Lessee #3 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	17.00%
Lessee #4 [Member] | Finance Leases [Member]
Concentration credit risk percentage	14.00%

Geographic Information - Schedu

Geographic Information - Schedule of Geographic Information for Revenue (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Rental income	$ 27,256	$ 27,256
Finance income	133,062	20,304
Interest income	62,333
United States [Member]
Rental income	27,256	27,256
Finance income	133,062	$ 20,304
Interest income	$ 62,333

Geographic Information - Sche37

Geographic Information - Schedule of Geographic Information for Long-lived Assets (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Investment in finance leases, net	$ 5,529,950	$ 2,032,092
Investments in equipment subject to operating leases, net	199,219	223,102
Collateralized loan receivable, including accrued interest	819,922	3,880,331
United States [Member]
Investment in finance leases, net	5,529,950	2,032,092
Investments in equipment subject to operating leases, net	199,219	223,102
Collateralized loan receivable, including accrued interest	$ 819,922	$ 3,880,331

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	Mar. 31, 2018USD ($)
Fabrication Equipment [Member]
Unfunded commitment	$ 111,932
Educational Multimedia Content Equipment [Member]
Unfunded commitment	$ 484,280

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	May 11, 2018USD ($)	May 02, 2018USD ($)	Apr. 17, 2018USD ($)Integer	Apr. 03, 2018USD ($)Integer	Feb. 09, 2018USD ($)Integer	Nov. 09, 2017USD ($)Integer	Nov. 07, 2017	Jun. 26, 2017	May 14, 2018USD ($)Integershares	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Partners' capital contributions										$ 1,134,792
Partners' cash contributions										$ 1,109,450	$ 944,600
Loan Agreement [Member]
Debt instrument maturity date							Feb. 7, 2018	Jun. 26, 2021
Debt instrument stated percentage							1.50%	12.00%
Agricultural Equipment and Supplies [Member]
Finance lease facility					$ 48,850	$ 406,456
Number of monthly payments | Integer					36	36
Monthly lease payments					$ 1,661	$ 13,819
Subsequent Event [Member]
Finance lease facility	$ 82,674
Proceeds from finance lease payments	99,162
Additional finance income on payoff	$ 16,488
Number of additional partners | Integer									26
Partners' capital contributions									$ 1,156,763
Partners' capital contributions, units | shares									115,676.32
Partners' cash contributions									$ 1,140,500
Sales commission									16,263
Subsequent Event [Member] | Limited Partners [Member] | Outside Brokers [Member]
Accrued underwriting fee									41,575
Subsequent Event [Member] | Limited Partners [Member] | Securities [Member]
Accrued underwriting fee									$ 22,810
Subsequent Event [Member] | Additional Units [Member]
Partners' capital contributions, units | shares									1,626.32
Subsequent Event [Member] | Loan Agreement [Member]
Revolving line of credit		$ 5,000,000
Proceeds from line of credit		$ 5,000,000
Debt instrument maturity date		May 1, 2020
Subsequent Event [Member] | Loan Agreement [Member] | Prime Rate [Member]
Debt instrument stated percentage		1.00%
Subsequent Event [Member] | IT Server Equipment [Member]
Finance lease facility				$ 390,573
Number of monthly payments | Integer				36
Monthly lease payments				$ 13,444
Subsequent Event [Member] | Agricultural Equipment and Supplies [Member]
Finance lease facility			$ 44,380
Number of monthly payments | Integer			36
Monthly lease payments			$ 1,509