Arboretum Silverleaf Income Fund 10-Q 14 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 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	Jun. 30, 2018
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,576,308.40
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 2,770,157	$ 2,036,337
Investments in finance leases, net	7,497,692	2,032,092
Investments in equipment subject to operating leases, net	175,322	223,102
Collateralized loans receivable, including accrued interest of $1,370 and $28,997	631,323	3,880,331
Other assets	140,205	28,061
Total Assets	11,214,699	8,199,923
Liabilities:
Accounts payable and accrued liabilities	270,215	103,158
Funding liability for collateralized loans and leases	113,107
Distributions payable to Limited Partners	253,155	181,062
Distributions payable to General Partner	9,661	5,102
Deferred revenue	169,064	49,619
Total Liabilities	815,202	338,941
Partners' Equity (Deficit):
Limited Partners	10,425,037	7,880,248
General Partner	(25,540)	(19,266)
Total Equity	10,399,497	7,860,982
Total Liabilities and Partners' Equity	$ 11,214,699	$ 8,199,923

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Accrued interest	$ 1,370	$ 28,997

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue
Rental income	$ 27,256	$ 27,256	$ 54,512	$ 54,512
Finance income	217,827	18,407	350,889	38,711
Interest income	14,677	822	77,010	822
Other income		179	830	400
Total Revenue	259,760	46,664	483,241	94,445
Expenses
Management fees - Investment Manager	187,500	187,500	375,000	375,000
Depreciation	23,897	23,897	47,780	47,779
Professional fees	60,516	43,001	137,045	132,776
Administration expense	41,577	34,179	84,461	95,079
Other expenses	1,414	600	10,414	600
Total Expenses	314,904	289,177	654,700	651,234
Net loss	(55,144)	(242,513)	(171,459)	(556,789)
Net loss attributable to the Partnership
Limited Partners	(54,593)	(240,088)	(169,744)	(551,221)
General Partner	(551)	(2,425)	(1,715)	(5,568)
Net loss attributable to the Partnership	$ (55,144)	$ (242,513)	$ (171,459)	$ (556,789)
Weighted average number of limited partnership interests outstanding	1,351,321.50	553,840.13	1,049,409.37	259,598.89
Net loss attributable to Limited Partners per weighted average number of limited partnership interests outstanding	$ (0.04)	$ (0.43)	$ (0.16)	$ (2.12)

Condensed Statement of Changes

Condensed Statement of Changes in Partners' Equity (Unaudited) - 6 months ended Jun. 30, 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	3,503,397		$ 3,503,397
Partners' capital contributions, shares			350,339.74
Offering expenses	(84,477)		$ (84,477)
Underwriting fees	(243,579)		(243,579)
Net loss	(171,459)	(1,715)	(169,744)
Distributions to partners	(460,482)	(4,559)	(455,923)
Redemptions to partners	(4,885)		$ (4,885)
Redemptions to partners, share			(536.84)
Balance at Jun. 30, 2018	$ 10,399,497	$ (25,540)	$ 10,425,037
Balance, shares at Jun. 30, 2018			1,487,103.14

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net loss	$ (171,459)	$ (556,789)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Finance income	(350,889)	(38,711)
Accrued interest income	(76,980)	(762)
Depreciation	47,780	47,779
Change in operating assets and liabilities:
Minimum rents receivable	832,272	174,293
Accrued interest income	110,613
Other assets	(112,144)	(368,598)
Accounts payable and accrued liabilities	167,057	(32,641)
Deferred revenue	119,445	24,153
Funding liability for collateralized loans and leases		510,274
Net cash provided by (used in) operating activities	565,695	(241,002)
Cash flows from investing activities:
Purchase of finance leases	(5,795,107)
Cash paid for collateralized loans receivable	(61,459)	(1,353,727)
Cash received from collateralized loans receivable	3,238,065	39,083
Net cash used in investing activities	(2,618,501)	(1,314,644)
Cash flows from financing activities:
Repayments of loan payable		(1,000)
Cash received from Limited Partner capital contributions	3,440,450	3,724,776
Cash received from restricted cash		70,200
Cash paid for Limited Partner distributions	(383,830)	(96,351)
Cash paid for Limited Partner redemptions	(4,885)	(1,000)
Cash paid for underwriting fees	(180,632)	(154,971)
Cash paid for offering costs	(84,477)	(284,058)
Net cash provided by financing activities	2,786,626	3,257,596
Net increase in cash and cash equivalents	733,820	1,701,950
Cash and cash equivalents, beginning of period	2,036,337	1,180,918
Cash and cash equivalents, end of period	2,770,157	2,882,868
Supplemental disclosure of non-cash investing and financing activities:
Offering expenses paid by Investment Manager	84,477	284,058
Units issued as underwriting fee discount	62,947	116,599
Distributions payable to General Partner	4,559
Distributions payable to Limited Partners	72,093
Funding liability for collateralized loans and leases	$ 113,107

Organization and Nature of Oper

Organization and Nature of Operations	6 Months Ended
	Jun. 30, 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. On August 3, 2018, the General Partner extended the Offering Period by an additional 12 months to August 11, 2019. 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. On March 31, 2018, the distribution rate increased to 7.0% annually, paid quarterly at 1.75%, of capital contributions. On June 30, 2018, the distribution rate increased to 7.5% annually, paid quarterly at 1.88%, of capital contributions. During the six months ended June 30, 2018, the Partnership declared and accrued quarterly distribution to its Limited Partners totaling $455,923 which resulted in a distributions payable to Limited Partners of $253,155 at June 30, 2018. At June 30, 2018, the Partnership declared and accrued a distribution of $4,559, for distributions due to the General Partner which resulted in distributions payable to the General Partner of $9,661 at June 30, 2018. From August 11, 2016 through June 30, 2018, the Partnership admitted 330 Limited Partners with total capital contributions of $14,886,015 resulting in the sale of 1,488,601.52 Units. The Partnership received cash contributions of $14,350,049 and applied $535,966 which would have otherwise been paid as sales commission to the purchase of 53,597 additional Units.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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. 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 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	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2018 and 2017, the Partnership paid $187,500 in management fee expense to the Investment Manager. For the six months ended June 30, 2018 and 2017, the Partnership paid $375,000 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 six months ended June 30, 2018 and 2017, the Partnership accrued $108,370 and $12,593, 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 and six months ended June 30, 2018, the promissory notes earned interest income of $2,837 and $6,672, respectively. 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 six months ended June 30, 2018 and the year ended December 31, 2017, the Partnership incurred the following transactions with Securities: June, 2018 December 31, 2017 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by Securities 68,409 154,917 Payments by the Partnership to Securities (68,409 ) (154,917 ) Balance - end of period $ — $ — For the six months ended June 30, 2018 and 2017, the Partnership incurred the following underwriting fee transactions: June 30, 2018 June 30, 2017 (unaudited) (unaudited) Underwriting discount incurred by the Partnership $ 62,947 $ 116,599 Underwriting fees earned by Securities 68,409 74,496 Fees paid to outside brokers 112,223 80,475 Total underwriting fees $ 243,579 $ 271,570

Investments in Finance Leases

Investments in Finance Leases	6 Months Ended
	Jun. 30, 2018
Leases, Capital [Abstract]
Investments in Finance Leases	4. Investments in Finance Leases. At June 30, 2018 and December 31, 2017, net investments in finance leases consisted of the following: June 30, 2018 December 31, 2017 (unaudited) Minimum rents receivable $ 8,385,227 $ 2,422,090 Estimated unguaranteed residual value 662,066 128,970 Unearned income (1,549,601 ) (518,968 ) Total $ 7,497,692 $ 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 June 30, 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 June 30, 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. On April 17, 2018, the Partnership funded a third lease facility for $44,380 of agricultural equipment and supplies with the company based in Illinois. The finance lease requires 36 monthly payments of $1,509 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 June 30, 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 June 30, 2018, there were no significant changes to this lease. On June 29, 2018, the Partnership entered into a lease facility for $1,199,520 for water pumps based in North Dakota. The finance lease requires 48 monthly payments of $31,902 with the first and last payments due in advance. The lease is secured by a first priority lien against the water pumps. 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 the first day of the calendar quarter following final funding, 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. At June 30, 2018, there were no significant changes to this lease. Education and Tourism Equipment On February 12, 2018, the Partnership entered into a lease facility for up to $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. On June 29, 2018, the Partnership amended and restated the above lease facility and Schedule 1 to $1,175,720 and advanced an additional $160,000 under the amended and restated lease facility. The amended and restated Schedule 1 lease requires 32 monthly payments of $39,212, commencing on July 1, 2018. As of June 30, 2018, the amended lease facility is fully funded. 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. On May 11, 2018, the Partnership received cash of $99,162 as total payoff of the finance lease. The finance lease had a net book value of $82,674 resulting in additional finance income on payoff of $16,488. Medical Equipment On June 26, 2018, the Partnership entered into a lease facility for $673,706 of electrosurgical fiber, manufacturing, and testing equipment with a company based in Massachusetts. The lease is secured by a first priority lien against the equipment and a corporate guarantee of the parent company of the lessee. On June 26, 2018, the Partnership advanced a total of $455,749 as equipment lease schedule 1 and schedule 2 under this lease facility. The lease schedules require 42 monthly payments of $20,224 with the first and last payment due upon commencement, commencing no later than January 1, 2019. The company has been paying pre-commencement rents to the Partnership. Information Technology Equipment 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.

Investment in Equipment Subject

Investment in Equipment Subject to Operating Leases	6 Months Ended
	Jun. 30, 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 June 30, 2018 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value (unaudited) (unaudited) (unaudited) Food equipment $ 334,826 $ 159,505 $ 175,321 $ 334,826 $ 159,505 $ 175,321 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 and six months ended June 30, 2018 was $23,897 and $47,780, respectively.

Collateralized Loans Receivable

Collateralized Loans Receivable	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2018, the CFA earned interest income of $8,997 and $21,527, respectively. 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 and six months ended June 30, 2018, the promissory note earned interest income of $2,828 and $5,878, respectively. 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 accrued interest at a rate of 1.5% per month for the first 30 days and 1.25% per month thereafter, and matured on February 7, 2018. The promissory note was 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 was 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 June 30, 2018 are as follows: Years ending June 30, (unaudited) 2019 $ 4,328,836 2020 501,387 2021 1,299,730 2022 — 2023 — Thereafter — Total $ 6,129,953

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 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 June 30, 2018, the Partnership evaluated the carrying values of its financial instruments and they approximate fair value.

Indemnifications

Indemnifications	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 2018
Risks and Uncertainties [Abstract]
Business Concentrations	9. Business Concentrations For the six months ended June 30, 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 six months ended June 30, 2018, the Partnership had four lessees which accounted for approximately 42%, 15%, 13% and 11% of the Partnership’s income derived from finance leases. For the six months ended June 30, 2017, the Partnership had two leases which accounted for approximately 61% and 39% of the Partnership’s income derived from finance leases. For the six months ended June 30, 2018, the Partnership had two promissory notes which accounted for approximately 56% and 28% of the Partnership’s interest income derived from collateralized loans receivable. For the six months ended June 30, 2017, the Partnership had two loans which accounted for approximately 72% and 21% of the Partnership’s interest income derived from collateralized loans receivable. At June 30, 2018 and 2017, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s investment in operating leases. At June 30, 2018, the Partnership had four lessees which accounted for approximately 30%, 16%, 15% and 12% of the Partnership’s investment in finance leases. At June 30, 2017, the Partnership had two lessees which accounted for approximately 62% and 38% of the Partnership’s investment in finance leases. At June 30, 2018, the Partnership had three borrowers which accounted for approximately 69%, 20% and 12% of the Partnership’s investment in collateralized loans receivable. At June 30, 2017, the Partnership had two borrowers which accounted for approximately 88% and 12% of the Partnership’s investment in collateralized loans receivable.

Geographic Information

Geographic Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Geographic Information	10. Geographic Information Geographic information for revenue for the three months ended June 30, 2018 and 2017 was as follows: Three Months Ended June 30, 2018 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 217,827 $ 217,827 Interest income $ 14,677 $ 14,677 Three Months Ended June 30, 2017 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 18,407 $ 18,407 Interest income $ 822 $ 822 Geographic information for revenue for the six months ended June 30, 2018 and 2017 was as follows: Six Months Ended June 30, 2018 United States Total (unaudited) (unaudited) Revenue: Rental income $ 54,512 $ 54,512 Finance income $ 350,889 $ 350,889 Interest income $ 77,010 $ 77,010 Six Months Ended June 30, 2017 United States Total (unaudited) (unaudited) Revenue: Rental income $ 54,512 $ 54,512 Finance income $ 38,711 $ 38,711 Interest income $ 822 $ 822 Geographic information for long-lived assets at June 30, 2018 and December 31, 2017 was as follows: June 30, 2018 United States Total (unaudited) (unaudited) Long-lived assets: Investment in finance leases, net $ 7,497,692 $ 7,497,692 Investments in equipment subject to operating leases, net $ 175,322 $ 175,322 Collateralized loan receivable, including accrued interest $ 631,323 $ 631,323 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	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies 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. As of June 30, 2018, the Partnership has an unfunded commitment of $111,932 for the finance lease of fabrication equipment, two unfunded commitments totaling $217,957 for the finance lease of electrosurgical fiber, manufacturing, and testing equipment and one unfunded commitment totaling $5,500,000 for a collateralized loan to finance a food production facility in Georgia. Except for those investments, the Partnership does not have any unfunded commitments for any investments.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events On June 29, 2018, the Partnership entered into a loan agreement with a borrower to provide financing in an amount up to $7,500,000 to finance a food production facility in Georgia. The loan facility is structured as two tranches: Tranche I: $5,500,000 was funded on July 5, 2018. Tranche II: Up to $2,000,000 is available at lender’s discretion subject to the borrower achieving certain milestones. The loan facility is secured by a first priority security interest in all of the borrower’s assets. In connection with the Tranche I loan, the Partnership received three promissory notes from the borrower in the amount of $1,500,000, $2,000,000 and $2,000,000 respectively. On July 5, 2018, the Partnership funded $5,500,000 for the Tranche I loan. The Tranche I loan accrues interest at a rate of 12.75% plus 3 month LIBOR with a floor of 1.5% and matures on June 30, 2021. The Tranche I loan requires 18 monthly interest only payments upon commencement (first 12 monthly interest payments to be paid in cash at 11% and the remainder to be paid in kind (“PIK”) by adding such PIK interest to the principal balance and 6 monthly interest payments to be paid in cash) and 18 monthly payment of principal and interest payment with monthly principal paydowns of $150,000. Upon maturity of the Tranche I loan, the borrower will make a final balloon payment of approximately $3,029,000 ($2,900,000 principal plus accrued PIK interest). On June 29, 2018, the Partnership entered into an assignment agreement with a third party and will sell $3,000,000 of the Tranche I loan, effective July 5, 2018, and will sell $1,000,000 of the Tranche I loan, effective on or about September 1, 2018. On July 5, 2018, the Partnership returned two promissory notes to the borrower in the amount of $2,000,000 and $2,000,000 respectively and the borrower reissued one promissory note to the Partnership in the amount of $1,000,000 and one promissory note to the third party in the amount of $3,000,000. From July 1, 2018 through August 14, 2018, the Partnership admitted an additional 22 Limited Partners with total capital contributions of $892,053 resulting in the sale of 89,205.26 Units. The Partnership received cash contributions of $881,500 and applied $10,553 which would have otherwise been paid as sales commissions to the purchase of 1,055.26 additional Units. The Partnership paid or accrued an underwriting fee to Securities and outside brokers totaling $17,630 and $34,050, respectively.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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.
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 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)	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Schedule of Partnership Incurred Transactions with Securities	For the six months ended June 30, 2018 and the year ended December 31, 2017, the Partnership incurred the following transactions with Securities: June, 2018 December 31, 2017 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by Securities 68,409 154,917 Payments by the Partnership to Securities (68,409 ) (154,917 ) Balance - end of period $ — $ —
Schedule of Partnership Underwriting Fee Transactions	For the six months ended June 30, 2018 and 2017, the Partnership incurred the following underwriting fee transactions: June 30, 2018 June 30, 2017 (unaudited) (unaudited) Underwriting discount incurred by the Partnership $ 62,947 $ 116,599 Underwriting fees earned by Securities 68,409 74,496 Fees paid to outside brokers 112,223 80,475 Total underwriting fees $ 243,579 $ 271,570

Investments in Finance Leases (

Investments in Finance Leases (Tables)	6 Months Ended
	Jun. 30, 2018
Leases, Capital [Abstract]
Schedule of Net Investments in Finance Leases	At June 30, 2018 and December 31, 2017, net investments in finance leases consisted of the following: June 30, 2018 December 31, 2017 (unaudited) Minimum rents receivable $ 8,385,227 $ 2,422,090 Estimated unguaranteed residual value 662,066 128,970 Unearned income (1,549,601 ) (518,968 ) Total $ 7,497,692 $ 2,032,092

Investment in Equipment Subje22

Investment in Equipment Subject to Operating Leases (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value (unaudited) (unaudited) (unaudited) Food equipment $ 334,826 $ 159,505 $ 175,321 $ 334,826 $ 159,505 $ 175,321 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)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of Future Principal Maturities	The future principal maturities of the Partnership’s collateralized loans receivable at June 30, 2018 are as follows: Years ending June 30, (unaudited) 2019 $ 4,328,836 2020 501,387 2021 1,299,730 2022 — 2023 — Thereafter — Total $ 6,129,953

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Geographic Information for Revenue	Geographic information for revenue for the three months ended June 30, 2018 and 2017 was as follows: Three Months Ended June 30, 2018 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 217,827 $ 217,827 Interest income $ 14,677 $ 14,677 Three Months Ended June 30, 2017 United States Total (unaudited) (unaudited) Revenue: Rental income $ 27,256 $ 27,256 Finance income $ 18,407 $ 18,407 Interest income $ 822 $ 822 Geographic information for revenue for the six months ended June 30, 2018 and 2017 was as follows: Six Months Ended June 30, 2018 United States Total (unaudited) (unaudited) Revenue: Rental income $ 54,512 $ 54,512 Finance income $ 350,889 $ 350,889 Interest income $ 77,010 $ 77,010 Six Months Ended June 30, 2017 United States Total (unaudited) (unaudited) Revenue: Rental income $ 54,512 $ 54,512 Finance income $ 38,711 $ 38,711 Interest income $ 822 $ 822
Schedule of Geographic Information for Long-lived Assets	Geographic information for long-lived assets at June 30, 2018 and December 31, 2017 was as follows: June 30, 2018 United States Total (unaudited) (unaudited) Long-lived assets: Investment in finance leases, net $ 7,497,692 $ 7,497,692 Investments in equipment subject to operating leases, net $ 175,322 $ 175,322 Collateralized loan receivable, including accrued interest $ 631,323 $ 631,323 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, 2018USD ($)	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018USD ($)Integershares	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)Integershares	Dec. 31, 2017USD ($)
Number of business segment | Integer				1
Cash distributions to limited partners				$ 383,830	$ 96,351
Distributions payable to limited partners	$ 253,155			253,155		$ 253,155	$ 181,062
Accrued for distributions due to partners				460,482
Distributions payable to general partner	$ 9,661			9,661		9,661	$ 5,102
Partners' capital contributions				3,503,397
Partners received cash contributions				3,440,450	3,724,776
Units issued as underwriting fee discount				$ 62,947	$ 116,599
Limited Partners [Member]
Targeted distribution, description	The distribution rate increased to 7.5% annually, paid quarterly at 1.88%, of capital contributions.	The distribution rate increased to 7.0% annually, paid quarterly at 1.75%, of capital contributions.	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	7.50%	7.00%	6.50%	6.00%
Targeted distribution rate, quarterly	1.88%	1.75%	1.625%	1.50%
Distributions payable to limited partners	$ 253,155			$ 253,155		$ 253,155
Accrued for distributions due to partners				455,923
Number of partners | Integer						330
Partners' capital contributions				$ 3,503,397		$ 14,886,015
Partners' capital contributions, shares | shares				350,339.74		1,488,601.52
Partners received cash contributions						$ 14,350,049
Units issued as underwriting fee discount						$ 535,966
Additional units purchased during the period | shares						53,597
General Partner [Member]
Accrued for distributions due to partners				$ 4,559
Distributions payable to general partner	9,661			9,661		$ 9,661
Partners' capital contributions
SQN AIF V GP, LLC [Member]
Partnership contribution	$ 100			$ 100		$ 100
Percentage of ownership	1.00%			1.00%		1.00%
SQN AIF V GP, LLC [Member] | Limited Partners [Member]
Partnership interest	99.00%			99.00%		99.00%
Percentage of cumulative return on capital contributions	8.00%			8.00%		8.00%
Percentage of distributable cash allocated	80.00%			80.00%		80.00%
SQN AIF V GP, LLC [Member] | General Partner [Member]
Partnership interest	1.00%			1.00%		1.00%
Percentage of distributable cash allocated	20.00%			20.00%		20.00%

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Dec. 15, 2017USD ($)Integer	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Percentage of organizational and offering cost		1.50%		1.50%
Percentage of distributed cash		20.00%		20.00%
Percentage of capital contributions		8.00%		8.00%
Percentage of interest in profit, losses and distributions of partnership		1.00%		1.00%
Percentage of all distributed distributable cash		1.00%	1.00%	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	$ 375,000	$ 375,000
Cash paid for collateralized loans receivable				61,459	1,353,727
Interest income		$ 2,837		$ 6,672
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				$ 108,370	$ 12,593

Related Party Transactions - Sc

Related Party Transactions - Schedule of Partnership Incurred Transactions with Securities (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Related Party Transactions [Abstract]
Balance - beginning of period
Underwriting fees earned by Securities	68,409	$ 74,496	154,917
Payments by the Partnership to Securities	(68,409)		(154,917)
Balance - end of period

Related Party Transactions - 28

Related Party Transactions - Schedule of Partnership Underwriting Fee Transactions (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Related Party Transactions [Abstract]
Underwriting discount incurred by the Partnership	$ 62,947	$ 116,599
Underwriting fees earned by Securities	68,409	74,496	$ 154,917
Fees paid to outside brokers	112,223	80,475
Total underwriting fees	$ 243,579	$ 271,570

Investments in Finance Leases29

Investments in Finance Leases (Details Narrative)	Jun. 29, 2018USD ($)Integer	Jun. 26, 2018USD ($)Integer	May 11, 2018USD ($)	Apr. 17, 2018USD ($)Integer	Apr. 03, 2018USD ($)Integer	Mar. 16, 2018USD ($)	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 ($)Integer	Jun. 30, 2018USD ($)
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				$ 44,380								$ 48,850					$ 406,456
Number of monthly payments | Integer				36								36					36
Monthly lease payments				$ 1,509								$ 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
Water Pumps [Member]
Finance lease facility	$ 1,199,520
Number of monthly payments | Integer	48
Monthly lease payments	$ 31,902
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 and 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	$ 1,175,720
Number of monthly payments | Integer	32								36
Monthly lease payments	$ 39,212								$ 33,402
Payment of equipment lease receivables	$ 160,000									$ 1,015,720
Educational Multimedia Content Equipment [Member] | Maximum [Member]
Finance lease facility											$ 1,500,000
Restaurant Kitchen Equipment [Member]
Finance lease facility			$ 99,162					$ 88,233
Number of monthly payments | Integer								42
Monthly lease payments			16,488					$ 2,669
Payment of equipment lease receivables							$ 88,233
Fair value of finance lease			$ 82,674
Medical Equipment [Member]
Finance lease facility		$ 673,706			$ 390,573
Number of monthly payments | Integer		42			36
Monthly lease payments					$ 13,444															$ 20,224
Fair value of finance lease		$ 455,749

Investments in Finance Leases -

Investments in Finance Leases - Schedule of Net Investments in Finance Leases (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Leases, Capital [Abstract]
Minimum rents receivable	$ 8,385,227	$ 2,422,090
Estimated unguaranteed residual value	662,066	128,970
Unearned income	(1,549,601)	(518,968)
Total	$ 7,497,692	$ 2,032,092

Investment in Equipment Subje31

Investment in Equipment Subject to Operating Leases (Details Narrative)	Oct. 18, 2016USD ($)Integer	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Depreciation expense | $		$ 23,897	$ 23,897	$ 47,780	$ 47,779
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 ($)	Jun. 30, 2018	Dec. 31, 2017
Cost Basis	$ 334,826	$ 334,826
Accumulated Depreciation	159,505	111,724
Net Book Value	175,322	223,102
Food Equipment [Member]
Cost Basis	334,826	334,826
Accumulated Depreciation	159,505	111,724
Net Book Value	$ 175,321	$ 223,102

Collateralized Loans Receivab33

Collateralized Loans Receivable (Details Narrative)	May 02, 2018USD ($)	Feb. 06, 2018USD ($)	Jan. 05, 2018USD ($)	Nov. 07, 2017USD ($)	Jul. 31, 2017USD ($)	Jun. 26, 2017USD ($)Integer	Jun. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Interest income							$ 2,837	$ 6,672
Cash paid for collateralized loans receivable								61,459	$ 1,353,727
Asset Backed Equipment Loan [Member]
Proceeds from lease payment		$ 2,828,000
Commercial Finance Agreement [Member]
Interest income							8,997	21,527
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	May 1, 2020			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	$ 5,000,000					$ 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							$ 2,828	5,878
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)	Jun. 30, 2018USD ($)
Receivables [Abstract]
2,019	$ 4,328,836
2,020	501,387
2,021	1,299,730
2,022
2,023
Thereafter
Total	$ 6,129,953

Business Concentrations (Detail

Business Concentrations (Details Narrative)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Interest Income [Member] | Promissory Note One [Member]
Concentration credit risk percentage	56.00%
Interest Income [Member] | Promissory Note Two [Member]
Concentration credit risk percentage	28.00%
Interest Income [Member] | Loan One [Member]
Concentration credit risk percentage	72.00%
Interest Income [Member] | Loan Two [Member]
Concentration credit risk percentage	21.00%
Investment in Collateralized Loans Receivable [Member] | Borrower One [Member]
Concentration credit risk percentage	69.00%	88.00%
Investment in Collateralized Loans Receivable [Member] | Borrower Two [Member]
Concentration credit risk percentage	20.00%	12.00%
Investment in Collateralized Loans Receivable [Member] | Borrower Three [Member]
Concentration credit risk percentage	12.00%
Investment in Collateralized Loans Receivable [Member] | Lease One [Member]
Concentration credit risk percentage	30.00%	62.00%
Investment in Collateralized Loans Receivable [Member] | Lease Two [Member]
Concentration credit risk percentage	16.00%	38.00%
Investment in Collateralized Loans Receivable [Member] | Lease Three [Member]
Concentration credit risk percentage	15.00%
Investment in Collateralized Loans Receivable [Member] | Lease Four [Member]
Concentration credit risk percentage	12.00%
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	42.00%	61.00%
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	15.00%	39.00%
Lessee #3 [Member] | Finance Leases [Member]
Concentration credit risk percentage	13.00%
Lessee #4 [Member] | Finance Leases [Member]
Concentration credit risk percentage	11.00%

Geographic Information - Schedu

Geographic Information - Schedule of Geographic Information for Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Rental income	$ 27,256	$ 27,256	$ 54,512	$ 54,512
Finance income	217,827	18,407	350,889	38,711
Interest income	14,677	822	77,010	822
United States [Member]
Rental income	27,256	27,256	54,512	54,512
Finance income	217,827	18,407	350,889	38,711
Interest income	$ 14,677	$ 822	$ 77,010	$ 822

Geographic Information - Sche37

Geographic Information - Schedule of Geographic Information for Long-lived Assets (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Investment in finance leases, net	$ 7,497,692	$ 2,032,092
Investments in equipment subject to operating leases, net	175,322	223,102
Collateralized loan receivable, including accrued interest	631,323	3,880,331
United States [Member]
Investment in finance leases, net	7,497,692	2,032,092
Investments in equipment subject to operating leases, net	175,322	223,102
Collateralized loan receivable, including accrued interest	$ 631,323	$ 3,880,331

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	May 02, 2018	Nov. 07, 2017	Jun. 26, 2017	Jun. 30, 2018
Fabrication Equipment [Member]
Unfunded commitment				$ 111,932
Electrosurgical Fiber, Manufacturing, and Testing Equipment [Member]
Unfunded commitment				217,957
Food Production Facility [Member]
Unfunded commitment				$ 5,500,000
Loan Agreement [Member]
Line of credit	$ 5,000,000
Promissory notes, principal amount	$ 5,000,000		$ 3,931
Debt maturity date	May 1, 2020	Feb. 7, 2018	Jun. 26, 2021

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)

Jul. 05, 2018USD ($)Integer

Jun. 29, 2018USD ($)

Jun. 29, 2018USD ($)

May 02, 2018

Jan. 05, 2018USD ($)

Nov. 07, 2017

Jun. 26, 2017Integer

Aug. 14, 2018USD ($)Integershares

Jun. 30, 2018USD ($)shares

Jun. 30, 2017USD ($)

Dec. 31, 2017USD ($)

Jun. 30, 2018USD ($)shares

Partners' capital contributions

$ 3,503,397

Partners' cash contributions

3,440,450

$ 3,724,776

Limited Partners [Member]

Partners' capital contributions

$ 3,503,397

$ 14,886,015

Partners' capital contributions, units | shares

350,339.74

1,488,601.52

Partners' cash contributions

$ 14,350,049

Subsequent Event [Member] | Limited Partners [Member]

Number of additional partners | Integer

22

Partners' capital contributions

$ 892,053

Partners' capital contributions, units | shares

89,205.26

Partners' cash contributions

$ 881,500

Sales commission

10,553

Subsequent Event [Member] | Limited Partners [Member] | Securities [Member]

Accrued underwriting fee

17,630

Subsequent Event [Member] | Outside Brokers [Member] | Limited Partners [Member]

Accrued underwriting fee

$ 34,050

Loan Agreement [Member]

Debt accrued interest rate

1.50%

12.00%

Debt maturity date

May 1, 2020

Feb. 7, 2018

Jun. 26, 2021

Number of monthly payments | Integer

48

Proceeds from issuance of debt

$ 42,000

$ 42,000

Loan Agreement [Member] | Tranche I Loan [Member] | Promissory Notes One [Member]

Proceeds from notes borrowed

$ 1,500,000

Loan Agreement [Member] | Tranche I Loan [Member] | Promissory Notes Two [Member]

Proceeds from notes borrowed

2,000,000

Loan Agreement [Member] | Tranche I Loan [Member] | Promissory Notes Three [Member]

Proceeds from notes borrowed

2,000,000

Loan Agreement [Member] | Tranche II Loan [Member]

Secured financing

$ 2,000,000

2,000,000

Loan Agreement [Member] | Subsequent Event [Member] | Third Party [Member]

Proceeds from notes borrowed

$ 3,000,000

Loan Agreement [Member] | Subsequent Event [Member] | Borrower One Promissory Note [Member]

Proceeds from notes borrowed

1,000,000

Loan Agreement [Member] | Subsequent Event [Member] | Tranche I Loan [Member]

Secured financing

$ 5,500,000

Debt accrued interest rate

12.75%

Debt maturity date

Jun. 30, 2021

Description on interest rate

The Tranche I loan requires 18 monthly interest only payments upon commencement (first 12 monthly interest payments to be paid in cash at 11% and the remainder to be paid in kind ("PIK") by adding such PIK interest to the principal balance and 6 monthly interest payments to be paid in cash) and 18 monthly payment of principal and interest payment with monthly principal paydowns of $150,000.

Number of monthly payments | Integer

12

Debt periodic payments

$ 150,000

Loan Agreement [Member] | Subsequent Event [Member] | Tranche I Loan [Member] | Borrower [Member]

Debt periodic payments

2,900,000

Debt instrument, balloon payment

$ 3,029,000

Loan Agreement [Member] | Subsequent Event [Member] | Tranche I Loan [Member] | LIBOR [Member]

Variable interest rate

1.50%

Loan Agreement [Member] | Subsequent Event [Member] | Promissory Note One [Member]

Proceeds from notes borrowed

$ 2,000,000

Loan Agreement [Member] | Subsequent Event [Member] | Promissory Note Two [Member]

Proceeds from notes borrowed

$ 2,000,000

Loan Agreement [Member] | Maximum [Member]

Proceeds from notes borrowed

$ 7,500,000

Assignment Agreement [Member] | Tranche I Loan [Member] | Third Party [Member] | July 5, 2018 [Member]

Proceeds from issuance of debt

3,000,000

Assignment Agreement [Member] | Tranche I Loan [Member] | Third Party [Member] | September 1, 2018 [Member]

Proceeds from issuance of debt

$ 1,000,000