Arboretum Silverleaf Income Fund 10-K 28 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 28, 2019	Jun. 30, 2018
Document And Entity Information
Entity Registrant Name	SQN Asset Income Fund V, L.P.
Entity Central Index Key	0001672773
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		2,348,739.26
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 3,192,541	$ 2,036,337
Investments in finance leases, net	8,058,033	2,032,092
Investments in equipment subject to operating leases, net	127,498	223,102
Collateralized loans receivable, including accrued interest of $657 and $28,997	3,318,420	3,880,331
Other assets	348	28,061
Total Assets	14,696,840	8,199,923
Liabilities:
Accounts payable and accrued liabilities	125,419	103,158
Funding liability for collateralized loans and leases	81,872
Distributions payable to Limited Partners	370,290	181,062
Distributions payable to General Partner	16,583	5,102
Deferred revenue	251,948	49,619
Total Liabilities	846,112	338,941
Partners' Equity (Deficit):
Limited Partners	13,882,867	7,880,248
General Partner	(32,139)	(19,266)
Total Equity	13,850,728	7,860,982
Total Liabilities and Partners' Equity	$ 14,696,840	$ 8,199,923

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Accrued interest	$ 657	$ 28,997

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue
Rental income	$ 109,024	$ 109,024
Finance income	862,809	81,709
Interest income	246,192	110,365
Other income	10,527	600
Total Revenue	1,228,552	301,698
Expenses
Management fees - Investment Manager	750,000	750,000
Depreciation	95,604	95,601
Professional fees	310,377	349,390
Administration expense	199,964	242,939
Other expenses	11,785	15,371
Total Expenses	1,367,730	1,453,301
Net loss	(139,178)	(1,151,603)
Net loss attributable to the Partnership
Limited Partners	(137,786)	(1,140,087)
General Partner	(1,392)	(11,516)
Net loss attributable to the Partnership	$ (139,178)	$ (1,151,603)
Weighted average number of limited partnership interests outstanding	810,989.49	458,105.11
Net loss attributable to Limited Partners per weighted average number of limited partnership interests outstanding	$ (0.17)	$ (2.49)

Consolidated Statements of Chan

Consolidated Statements of Changes in Partners' Equity - USD ($)	Total	General Partner [Member]	Limited Partner [Member]
Balance at Dec. 31, 2016	$ 2,282,661	$ (3,049)	$ 2,285,710
Balance, shares at Dec. 31, 2016			332,548.10
Partners' capital contributions	8,057,137		$ 8,057,137
Partners' capital contributions, shares			805,713.68
Offering expenses	(283,644)		$ (283,644)
Underwriting fees	(558,997)		(558,997)
Net loss	(1,151,603)	(11,516)	(1,140,087)
Distributions to partners	(474,822)	(4,701)	(470,121)
Redemptions to partners	(9,750)		$ (9,750)
Redemptions to partners, share			(961.54)
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	7,987,185		$ 7,987,185
Partners' capital contributions, shares			798,718.54
Offering expenses	(137,150)		$ (137,150)
Underwriting fees	(556,661)		(556,661)
Net loss	(139,178)	(1,392)	(137,786)
Distributions to partners	(1,159,565)	(11,481)	(1,148,084)
Redemptions to partners	(4,885)		$ (4,885)
Redemptions to partners, share			(536.84)
Balance at Dec. 31, 2018	$ 13,850,728	$ (32,139)	$ 13,882,867
Balance, shares at Dec. 31, 2018			1,935,481.94

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (139,178)	$ (1,151,603)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Finance income	(862,809)	(81,709)
Accrued interest income	(246,133)	(110,274)
Depreciation	95,604	95,601
Change in operating assets and liabilities:
Minimum rents receivable	2,188,320	384,460
Accrued interest income	285,264	81,278
Other assets	27,713	(28,061)
Accounts payable and accrued liabilities	22,261	12,383
Deferred revenue	202,329	37,972
Funding liability for collateralized loans and leases	81,872
Net cash provided by (used in) operating activities	1,655,243	(759,953)
Cash flows from investing activities:
Purchase of finance leases	(7,351,452)	(1,408,092)
Cash paid for collateralized loans receivable	(8,797,245)	(4,291,715)
Cash received from collateralized loans receivable	3,446,855	440,380
Proceeds from sale of collateralized loans receivable	5,873,170
Net cash used in investing activities	(6,828,672)	(5,259,427)
Cash flows from financing activities:
Repayments of loan payable		(1,000)
Cash received from Limited Partner capital contributions	7,892,150	7,745,849
Cash paid for Limited Partner distributions	(958,856)	(329,147)
Cash paid for Limited Partner redemptions	(4,885)	(9,750)
Cash paid for underwriting fees	(461,626)	(317,709)
Cash paid for offering costs	(137,150)	(283,644)
Net cash provided by financing activities	6,329,633	6,804,599
Net increase in cash and cash equivalents	1,156,204	785,219
Cash and cash equivalents, beginning of year	2,036,337	1,251,118
Cash and cash equivalents, end of year	3,192,541	2,036,337
Supplemental disclosure of non-cash investing and financing activities:
Units issued as underwriting fee discount	95,035	241,288
Distributions payable to General Partner	11,481	4,701
Distributions payable to Limited Partners	$ 189,228	$ 140,974

Organization and Nature of Oper

Organization and Nature of Operations	12 Months Ended
	Dec. 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. On January 7, 2019, the Investment Manager changed its name from SQN Investment Advisors, LLC to Arboretum Investment Advisors, LLC. 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, and we have elected to close on March 31, 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. American Elm Distribution Partners, LLC (f/k/a SQN Securities, LLC) (“American Elm”), a Delaware limited liability company, is affiliated with the General Partner. American Elm acted as the initial selling agent for the offering of the units (“Units”). On January 7, 2019, American Elm changed its name from SQN Securities, LLC to American Elm Distribution Partners, LLC. 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 at 1.5%, of each Limited Partner’s capital contribution (pro-rated to the date of admission for each Limited Partner). During the year ended December 31, 2018, we made quarterly cash distributions to our Limited Partners totaling approximately $959,000, and we accrued $370,290 for distributions due to Limited Partners which resulted in a distributions payable to Limited Partners of $370,290 at December 31, 2018. During the year ended December 31, 2017, we made quarterly cash distributions to our Limited Partners totaling approximately $330,000, and we accrued $181,062 for distributions due to Limited Partners which resulted in a distributions payable to Limited Partners of $181,062 at December 31, 2017. At December 31, 2018 and 2017 we declared and accrued a distribution of approximately $11,481 and $4,701, respectively, for distributions due to our General Partner which resulted in distributions payable to our General Partner of approximately $16,583 and $5,102 at December 31, 2018 and 2017, respectively. On September 11, 2018, the Partnership formed a special purpose entity SQN Lifestyle Leasing, LLC (“Lifestyle Leasing”), a limited liability company registered in the state of Delaware which is wholly owned by the Partnership. From August 11, 2016 through December 31, 2018, the Partnership admitted 446 Limited Partners with total capital contributions of $19,369,803 resulting in the sale of 1,936,980.32 Units. We received cash contributions of $18,801,749 and applied $568,054 which would have otherwise been paid as sales commission to the purchase of 56,805.47 additional Units.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies. Basis of Presentation Principles of Consolidation Variable interests are investments or other interests that absorb portions of a variable interest entity’s (“VIE”) expected losses or receive portions of the Partnership’s expected residual returns and are contractual, ownership, or other pecuniary interests in a VIE that change with changes in the fair value of the VIE. An entity is considered to be a VIE if any of the following conditions exist. (1) The total equity investment at risk is insufficient to permit the legal entity to finance its activities without additional subordinated financial support; or (2) As a group, the holders of equity investments at risk lack any of the three characteristics of a controlling financial interest: (a) The direct or indirect ability through voting or similar rights to make decisions that have a significant effect on the success of the legal entity. The equity holders at risk are deemed to lack this characteristic if: i. the voting rights of some investors are not proportional to their obligation to absorb the expected losses of the legal entity or rights to receive expected residual returns; and ii. substantially all of the legal entity’s activities are either involved with or are conducted on behalf of an investor that has disproportionately few voting rights (b) The obligation to absorb the expected losses of the legal entity or (c) The right to receive the expected residual returns of the legal entity. An entity that is determined to be a VIE is required to be condensed consolidated by its primary beneficiary. The primary beneficiary of a VIE is determined to be the party that has both the power to direct the activities that most significantly affect the VIE’s economic performance (“Power”) and the obligation to absorb losses of, or the right to receive benefits from the VIE, that could potentially be significant to the VIE (“Benefits”). The determination of whether a reporting entity is the primary beneficiary involves complex and subjective analyses. 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 improve consolidation guidance for legal entities, 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 consolidated financial statements.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 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 December 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 years ended December 31, 2018 and 2017, the Partnership paid $750,000, in management fees 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 years ended December 31, 2018 and 2017, the Partnership paid $151,427 and $40,193, 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 years ended December 31, 2018 and 2017, the promissory notes earned interest income of $9,222 and $787, respectively. American Elm is a Delaware limited liability company and is a subsidiary of an affiliate of the Partnership’s Investment Manager. American Elm 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 American Elm is initially acting as the Partnership’s exclusive selling agent, the Partnership may engage additional selling agents in the future. For the years ended December 31, 2018 and 2017, the Partnership incurred the following transactions with American Elm: Year Ended December 31, 2018 Year Ended December 31, 2017 Balance - beginning of year $ — $ — Underwriting fees earned by American Elm 157,443 154,917 Payments by the Partnership to American Elm (157,443 ) (154, 917 ) Balance - end of year $ — $ — For the years ended December 31, 2018 and 2017, the Partnership incurred the following underwriting fee transactions: Year Ended Year Ended December 31, 2018 December 31, 2017 Underwriting discount incurred by the Partnership $ 95,035 $ 241,288 Underwriting fees earned by American Elm 157,443 154,917 Underwriting fees paid to outside brokers 304,183 162,792 Total underwriting fees $ 556,661 $ 558,997

Investments in Finance Leases

Investments in Finance Leases	12 Months Ended
	Dec. 31, 2018
Leases, Capital [Abstract]
Investments in Finance Leases	4. Investments in Finance Leases. At December 31, 2018 and 2017, net investments in finance leases consisted of the following: 2018 2017 Minimum rents receivable $ 9,240,140 $ 2,422,090 Estimated unguaranteed residual value 662,066 128,970 Unearned income (1,844,173 ) (518,968 ) $ 8,058,033 $ 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 December 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 December 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. 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 December 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 December 31, 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. On October 31, 2018, the Partnership entered into a second lease facility for $529,239 for water pumps. The finance lease requires 36 monthly payments of $17,888 with the first and last payments due in advance. The lease is secured by a first priority lien against the water pumps. At December 31, 2018, there were no significant changes to this lease. On November 20, 2018, the Partnership entered into a lease facility for $33,450 for water pumps based in Texas. The finance lease requires 36 monthly payments of $1,159 with the first and last payments due in advance. On November 20, 2018, the Partnership entered into a second lease facility for $162,943 for water pumps. The finance lease requires 36 monthly payments of $3,259 with the first two months and last payments due in advance. The lease is secured by a first priority lien against the water pumps. At December 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 was expected to commence on the first day of the calendar quarter following final funding, and the company was 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. On September 21, 2018, the Partnership issued a Notice of Default letter to the company and on October 18, 2018, the Partnership issued a Commencement of Lease and Demand for Payment letter to the company. In November 2018, the Partnership entered into a forbearance agreement with the company, whereby the company will pay the outstanding October and November interim rent payments and then beginning in December 2018, they will pay a forbearance fee of $25,000 per month for three months while the company undergoes an internal restructuring. During the year ended December 31, 2018, the Partnership received payments totaling $403,363 from this lessee. On February 28, 2019, the lease was amended and restated to a 60 month lease commencing on March 1, 2019. The lease requires 24 monthly payments of $31,000 and 36 monthly payments of $40,000. The lease is secured by a first priority lien against the fabrication equipment. The Partnership will reclassify this lease as an operating lease. Virtual Office Software Equipment On February 5, 2018, the Partnership entered into a lease facility and advanced $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. At December 31, 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 and commenced on July 1, 2018. At December 31, 2018, there were no significant changes to this lease. 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 required 42 monthly payments of $2,669 with the first and last payments due in advance. The lease was 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 an increase in finance income of $16,488. 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. At December 31, 2018, there were no significant changes to this lease. 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. On August 2, 2018 and September 26, 2018, the Partnership advanced a total of $71,361 and $35,680 as additional funding under equipment lease schedule 1. The lease schedule 1 requires 42 monthly payments of $10,711 with the first and last payment due upon commencement, commencing on October 1, 2018. As of September 30, 2018, the lease schedule 1 is fully funded. The lease schedule 2 requires 42 monthly payments of $9,513 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. At December 31, 2018, there were no significant changes to this lease. Helicopter On October 1, 2018, the Partnership, on behalf of Lifestyle Leasing, funded $600,000 into an escrow account. On November 9, 2018, the funds were released from escrow and used to fund a helicopter lease. The lessee provided $450,000 of the $1,050,000 purchase price of the helicopter. The finance lease requires 36 monthly payments of $13,423, payable in arrears, and a final payment of $284,435 on November 1, 2021. On funding, the lessee paid the November 1, 2018 rent payment and a four month security deposit of $53,692. The lease is secured by a first priority lien against the leased helicopter and against an additional helicopter. On February 14, 2019, Lifestyle Leasing, on behalf of the Partnership, received cash of $577,025 as total payoff, in connection with the helicopter lease entered into on October 1, 2018. The finance lease had a net book value of $525,063 resulting in an increase in finance income of $51,962.

Investment in Equipment Subject

Investment in Equipment Subject to Operating Leases	12 Months Ended
	Dec. 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. Each 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 December 31, 2018 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value Food equipment $ 334,826 $ 207,328 $ 127,498 $ 334,826 $ 207,328 $ 127,498 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 years ended December 31, 2018 and 2017 was $95,604 and $95,601, respectively.

Collateralized Loans Receivable

Collateralized Loans Receivable	12 Months Ended
	Dec. 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 year ended December 31, 2018, the CFA earned interest income of $35,350. 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 year ended December 31, 2018, the promissory note earned interest income of $11,009. 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. 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. For the year ended December 31, 2018, the promissory note earned interest income of $42,903. 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 sold $3,000,000 of the Tranche I loan, effective July 5, 2018, and sold $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. On July 5, 2018 and August 31, 2018, the Partnership received cash of $3,000,000 and $1,000,000, respectively, from the third party for the sale of those promissory notes. For the year ended December 31, 2018, the promissory notes earned interest income of $136,532. On December 11, 2018, the Partnership entered into a loan agreement with two affiliated North Dakota based firms as co-borrowers to provide financing in an amount up to $4,100,000 for oilfield tools and services, and consulting, of which the Partnership agreed to provide up to $1,700,000. The loan facility is structured as two tranches: Tranche I: $3,200,000 and Tranche II: 900,000 which are available at lender’s discretion subject to the borrower achieving certain milestones. The loan facility is secured by a first priority lien on all of the borrower’s assets. In connection with the Tranche I loan, the Partnership received two promissory notes from the borrower in the amount of $1,326,830 and $1,873,170. On December 11, 2018, $1,326,830 and $1,873,170 were funded for Tranche I, in which $100,000 was held back for a security deposit and $200,000 will be funded upon completion. The Tranche I loan accrues interest at a rate of 10.6% plus 3 month LIBOR with a floor of 2.4% and matures on December 11, 2021. The Tranche I loan requires 36 monthly payments of $41,463 with one interest only payment due upon loan commencement. On December 11, 2018, the Partnership entered into an assignment agreement with a third party and sold $1,873,170 of the Tranche I loan, effective December 11, 2018. On December 14, 2018, the Partnership received cash of $1,682,842 from the third party for the sale of the promissory note. For the year ended December 31, 2018, the promissory notes earned interest income of $11,116. The future principal maturities of the Partnership’s collateralized loans receivable at December 31, 2018 are as follows: Years ending December 31, 2019 $ 636,977 2020 988,647 2021 1,692,139 2022 — 2023 — Thereafter — Total $ 3,317,763

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 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 maturities. The Partnership’s carrying values and approximate fair values of its financial instruments were as follows: December 31, 2018 December 31, 2017 Carrying Value Fair Value Carrying Value Fair Value Assets: Collateralized loans receivable $ 3,318,420 $ 3,318,420 $ 3,880,331 $ 3,880,331

Income Tax Reconciliation (Unau

Income Tax Reconciliation (Unaudited)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Reconciliation (Unaudited)	8. Income Tax Reconciliation (unaudited). As of December 31, 2018 and 2017, total Partners’ Equity included in the consolidated financial statements was $13,850,728 and $7,860,982, respectively. As of December 31, 2018 and 2017, total Partners’ Equity for federal income tax purposes was $6,131,781 and $5,876,416. The primary differences are organizational and offering expenses and distribution expenses, which are a reduction in Limited Partners’ capital accounts for financial reporting purposes but not for federal income tax reporting purposes and differences in depreciation and amortization for financial reporting purposes and federal income tax purposes. The Partnership is subject to the Bipartisan Budget Act of 2015 (“BBA”), which, among other requirements, stipulates that any tax liability incurred based on an IRS tax examination will become due by the Partnership versus the partners of the Partnership. The Partnership, at its discretion, will be able to seek repayment from its partners or treat as a distribution of the individual partners’ account to satisfy this obligation. The Partnership will treat any liability incurred as a deduction to equity. As of December 31, 2018, there were no expected liabilities to be incurred under the BBA. The following table reconciles the net loss for financial statement reporting purposes to the net loss for federal income tax purposes for the years ended December 31, 2018 and 2017: For the Year Ended For the Year Ended December 31, 2018 December 31, 2017 Net loss per financial statements $ (139,178 ) $ (1,151,603 ) Depreciation and amortization 57,432 31,986 Advanced rental payments 202,330 37,972 Penalties 517 — Loan non-accruals 24,804 — Net income (loss) for federal income tax purposes $ 145,905 $ (1,081,645 )

Indemnifications

Indemnifications	12 Months Ended
	Dec. 31, 2018
Indemnifications
Indemnifications	9. 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.

Selected Quarterly Financial Da

Selected Quarterly Financial Data	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data	10. Selected Quarterly Financial Data. The following table is a summary of selected financial data, by quarter: Quarterly Information (unaudited) Year Ended December 31, March 31, June 30, September 30, December 31, 2018 Total revenue $ 223,481 $ 259,760 $ 410,862 $ 334,449 $ 1,228,552 Net (loss) income allocable to Limited Partners $ (115,152 ) $ (54,593 ) $ 14,522 $ 17,436 $ (137,786 ) Weighted average number of limited partnership interests outstanding 1,894,079.57 1,351,321.50 1,593,859.92 1,833,654.34 810,989.49 Net (loss) income attributable to Limited Partners per weighted average number of limited partnership interest outstanding $ (0.06 ) $ (0.04 ) $ 0.01 $ 0.01 $ (0.17 ) Quarterly Information (unaudited) Year Ended December 31, March 31, June 30, September 30, December 31, 2017 Total revenue $ 47,781 $ 46,664 $ 85,597 $ 121,656 $ 301,698 Net loss allocable to Limited Partners $ (311,133 ) $ (240,088 ) $ (204,513 ) $ (384,353 ) $ (1,140,087 ) Weighted average number of limited partnership interests outstanding 298,331.38 553,840.13 867,061.69 1,105,437.75 458,105.11 Net loss attributable to Limited Partners per weighted average number of limited partnership interest outstanding $ (1.04 ) $ (0.43 ) $ (0.24 ) $ (0.35 ) $ (2.49 )

Business Concentrations

Business Concentrations	12 Months Ended
	Dec. 31, 2018
Risks and Uncertainties [Abstract]
Business Concentrations	11. Business Concentrations. For the years ended December 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 year ended December 31, 2018, the Partnership had three leases which accounted for approximately 38%, 12%, and 11% of the Partnership’s income derived from finance leases. For the year ended December 31, 2017, the Partnership had three leases which accounted for approximately 52%, 33% and 13% of the Partnership’s income derived from finance leases. For the year ended December 31, 2018, the Partnership had three promissory notes which accounted for approximately 55%, 17% and 14% of the Partnership’s interest income derived from collateralized loans receivable. For the year ended December 31, 2017, the Partnership had two promissory notes which accounted for approximately 63% and 30% of the Partnership’s interest income derived from collateralized loans receivable. At December 31, 2018, the Partnership had four lessees which accounted for approximately 25%, 20%, 11%, and 11%, of the Partnership’s investment in finance leases. At December 31, 2017, the Partnership had five lessees which accounted for approximately 24%, 23%, 21%, 20%, and 12% of the Partnership’s investment in finance leases. At December 31, 2018 and 2017, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s investment in operating leases. For the year ended December 31, 2018, the Partnership had three promissory notes which accounted for approximately 46%, 40% and 10% of the Partnership’s investment in collateralized loans receivable. For the year ended December 31, 2017, the Partnership had two promissory notes which accounted for approximately 73% and 20% of the Partnership’s investment in collateralized loans receivable.

Geographic Information

Geographic Information	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Geographic Information	12. Geographic Information. Geographic information for revenue for the years ended December 31, 2018 and 2017: Year Ended December 31, 2018 United States Total Revenue: Rental income $ 109,024 $ 109,024 Finance income $ 862,809 $ 862,809 Interest income $ 246,192 $ 246,192 Year Ended December 31, 2017 United States Total Revenue: Rental income $ 109,024 $ 109,024 Finance income $ 81,709 $ 81,709 Interest income $ 110,365 $ 110,365 Geographic information for long-lived assets at December 31, 2018 and 2017 was as follows: December 31, 2018 United States Total Long-lived assets: Investment in finance leases, net $ 8,058,033 $ 8,058,033 Investments in equipment subject to operating leases, net $ 127,498 $ 127,498 Collateralized loan receivable, including accrued interest $ 3,318,420 $ 3,318,420 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	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. 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 December 31, 2018 and 2017, the Partnership did not have any unfunded commitments for any investments.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On January 25, 2019, the Partnership funded $250,000 of Tranche II loan relating to existing loan agreement. The Partnership received two promissory notes from the borrower in the amount of $103,659 and $146,341. On January 25, 2019, the Partnership entered into an assignment agreement with a third party and sold $146,341 of the Tranche II loan, effective January 25, 2019. On January 25, 2019, the Partnership received cash of $148,902 from the third party for the sale of the promissory note. On January 29, 2019, the Partnership funded a finance lease for $33,750 for water pumps based in North Dakota. The finance lease requires 36 monthly payments of $1,141. The lease is secured by a first priority lien against the water pumps. On February 14, 2019, Lifestyle Leasing, on behalf of the Partnership, received cash of $577,025 as total payoff, in connection with the helicopter lease entered into on October 1, 2018. The finance lease had a net book value of $525,063 resulting in an increase in finance income of $51,962. On February 28, 2019, the lease entered into on January 18, 2018 for fabrication equipment, was amended and restated to a 60 month lease commencing on March 1, 2019. The lease requires 24 monthly payments of $31,000 and 36 monthly payments of $40,000. The lease is secured by a first priority lien against the fabrication equipment. The Partnership will reclassify this lease as an operating lease. From January 1, 2019 through March 28, 2019, the Partnership admitted an additional 110 new Limited Partners and contributions from 11 existing Limited Partners with total capital contributions of $4,132,573 resulting in the sale of 413,257.33 Units. The Partnership received cash contributions of $4,069,200 and applied $63,373 which would have otherwise been paid as sales commissions to the purchase of 6,337.33 additional Units. The Partnership paid or accrued an underwriting fee to American Elm and outside brokers totaling $81,384 and $143,215, respectively.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Principles of Consolidation	Principles of Consolidation Variable interests are investments or other interests that absorb portions of a variable interest entity’s (“VIE”) expected losses or receive portions of the Partnership’s expected residual returns and are contractual, ownership, or other pecuniary interests in a VIE that change with changes in the fair value of the VIE. An entity is considered to be a VIE if any of the following conditions exist. (1) The total equity investment at risk is insufficient to permit the legal entity to finance its activities without additional subordinated financial support; or (2) As a group, the holders of equity investments at risk lack any of the three characteristics of a controlling financial interest: (a) The direct or indirect ability through voting or similar rights to make decisions that have a significant effect on the success of the legal entity. The equity holders at risk are deemed to lack this characteristic if: i. the voting rights of some investors are not proportional to their obligation to absorb the expected losses of the legal entity or rights to receive expected residual returns; and ii. substantially all of the legal entity’s activities are either involved with or are conducted on behalf of an investor that has disproportionately few voting rights (b) The obligation to absorb the expected losses of the legal entity or (c) The right to receive the expected residual returns of the legal entity. An entity that is determined to be a VIE is required to be condensed consolidated by its primary beneficiary. The primary beneficiary of a VIE is determined to be the party that has both the power to direct the activities that most significantly affect the VIE’s economic performance (“Power”) and the obligation to absorb losses of, or the right to receive benefits from the VIE, that could potentially be significant to the VIE (“Benefits”). The determination of whether a reporting entity is the primary beneficiary involves complex and subjective analyses.
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 improve consolidation guidance for legal entities, 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 consolidated financial statements.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Schedule of Partnership Incurred Transactions with Securities	For the years ended December 31, 2018 and 2017, the Partnership incurred the following transactions with American Elm: Year Ended December 31, 2018 Year Ended December 31, 2017 Balance - beginning of year $ — $ — Underwriting fees earned by American Elm 157,443 154,917 Payments by the Partnership to American Elm (157,443 ) (154, 917 ) Balance - end of year $ — $ —
Schedule of Partnership Underwriting Fee Transactions	For the years ended December 31, 2018 and 2017, the Partnership incurred the following underwriting fee transactions: Year Ended Year Ended December 31, 2018 December 31, 2017 Underwriting discount incurred by the Partnership $ 95,035 $ 241,288 Underwriting fees earned by American Elm 157,443 154,917 Underwriting fees paid to outside brokers 304,183 162,792 Total underwriting fees $ 556,661 $ 558,997

Investments in Finance Leases (

Investments in Finance Leases (Tables)	12 Months Ended
	Dec. 31, 2018
Leases, Capital [Abstract]
Schedule of Net Investments in Finance Leases	At December 31, 2018 and 2017, net investments in finance leases consisted of the following: 2018 2017 Minimum rents receivable $ 9,240,140 $ 2,422,090 Estimated unguaranteed residual value 662,066 128,970 Unearned income (1,844,173 ) (518,968 ) $ 8,058,033 $ 2,032,092

Investment in Equipment Subje_2

Investment in Equipment Subject to Operating Leases (Tables)	12 Months Ended
	Dec. 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 December 31, 2018 is as follows: Description Cost Basis Accumulated Depreciation Net Book Value Food equipment $ 334,826 $ 207,328 $ 127,498 $ 334,826 $ 207,328 $ 127,498 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 Receivab_2

Collateralized Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Schedule of Future Principal Maturities	The future principal maturities of the Partnership’s collateralized loans receivable at December 31, 2018 are as follows: Years ending December 31, 2019 $ 636,977 2020 988,647 2021 1,692,139 2022 — 2023 — Thereafter — Total $ 3,317,763

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2018
Investments, All Other Investments [Abstract]
Schedule of Fair Values of Financial Instruments	The Partnership’s carrying values and approximate fair values of its financial instruments were as follows: December 31, 2018 December 31, 2017 Carrying Value Fair Value Carrying Value Fair Value Assets: Collateralized loans receivable $ 3,318,420 $ 3,318,420 $ 3,880,331 $ 3,880,331

Income Tax Reconciliation (Tabl

Income Tax Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Net Loss for Federal Income Tax Purposes	The following table reconciles the net loss for financial statement reporting purposes to the net loss for federal income tax purposes for the years ended December 31, 2018 and 2017: For the Year Ended For the Year Ended December 31, 2018 December 31, 2017 Net loss per financial statements $ (139,178 ) $ (1,151,603 ) Depreciation and amortization 57,432 31,986 Advanced rental payments 202,330 37,972 Penalties 517 — Loan non-accruals 24,804 — Net income (loss) for federal income tax purposes $ 145,905 $ (1,081,645 )

Selected Quarterly Financial _2

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The following table is a summary of selected financial data, by quarter: Quarterly Information (unaudited) Year Ended December 31, March 31, June 30, September 30, December 31, 2018 Total revenue $ 223,481 $ 259,760 $ 410,862 $ 334,449 $ 1,228,552 Net (loss) income allocable to Limited Partners $ (115,152 ) $ (54,593 ) $ 14,522 $ 17,436 $ (137,786 ) Weighted average number of limited partnership interests outstanding 1,894,079.57 1,351,321.50 1,593,859.92 1,833,654.34 810,989.49 Net (loss) income attributable to Limited Partners per weighted average number of limited partnership interest outstanding $ (0.06 ) $ (0.04 ) $ 0.01 $ 0.01 $ (0.17 ) Quarterly Information (unaudited) Year Ended December 31, March 31, June 30, September 30, December 31, 2017 Total revenue $ 47,781 $ 46,664 $ 85,597 $ 121,656 $ 301,698 Net loss allocable to Limited Partners $ (311,133 ) $ (240,088 ) $ (204,513 ) $ (384,353 ) $ (1,140,087 ) Weighted average number of limited partnership interests outstanding 298,331.38 553,840.13 867,061.69 1,105,437.75 458,105.11 Net loss attributable to Limited Partners per weighted average number of limited partnership interest outstanding $ (1.04 ) $ (0.43 ) $ (0.24 ) $ (0.35 ) $ (2.49 )

Geographic Information (Tables)

Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Schedule of Geographic Information for Revenue	12. Geographic Information. Geographic information for revenue for the years ended December 31, 2018 and 2017: Year Ended December 31, 2018 United States Total Revenue: Rental income $ 109,024 $ 109,024 Finance income $ 862,809 $ 862,809 Interest income $ 246,192 $ 246,192 Year Ended December 31, 2017 United States Total Revenue: Rental income $ 109,024 $ 109,024 Finance income $ 81,709 $ 81,709 Interest income $ 110,365 $ 110,365
Schedule of Geographic Information for Long-lived Assets	Geographic information for long-lived assets at December 31, 2018 and 2017 was as follows: December 31, 2018 United States Total Long-lived assets: Investment in finance leases, net $ 8,058,033 $ 8,058,033 Investments in equipment subject to operating leases, net $ 127,498 $ 127,498 Collateralized loan receivable, including accrued interest $ 3,318,420 $ 3,318,420 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 Op_2

Organization and Nature of Operations (Details Narrative)	12 Months Ended		26 Months Ended
	Dec. 31, 2018USD ($)Integershares	Dec. 31, 2017USD ($)shares	Dec. 31, 2018USD ($)Integershares
Number of business segment | Integer	1
Distributions payable to limited partners	$ 370,290	$ 181,062	$ 370,290
Accrued for distributions due to partners	1,159,565	474,822
Distributions payable to general partner	16,583	5,102	16,583
Partners' capital contributions	7,987,185	8,057,137
Partners received cash contributions	7,892,150	7,745,849
Units issued as underwriting fee discount	$ 95,035	241,288
Limited Partner [Member]
Targeted distribution, description	The targeted distribution rate is 6.0% annually, paid quarterly at 1.5%, of each Limited Partner's capital contribution (pro-rated to the date of admission for each Limited Partner).
Targeted distribution rate, percentage	6.00%
Targeted distribution rate, quarterly	1.50%
Distributions payable to limited partners	$ 959,000	330,000	$ 959,000
Accrued for distributions due to partners	1,148,084	470,121
Number of partners | Integer			446
Partners' capital contributions	$ 7,987,185	$ 8,057,137	$ 19,369,803
Partners' capital contributions, shares | shares	798,718.54	805,713.68	1,936,980.32
Partners received cash contributions			$ 18,801,749
Units issued as underwriting fee discount			$ 568,054
Additional units purchased during the period | shares			56,805.47
General Partner [Member]
Accrued for distributions due to partners	$ 11,481	$ 4,701
Distributions payable to general partner	16,583	5,102	$ 16,583
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 Partner [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%
American Elm Distribution Partners, LLC [Member] | Limited Partner [Member]
Accrued for distributions due to partners	$ 370,290	$ 181,062

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Dec. 15, 2017USD ($)Integer	Dec. 31, 2018USD ($)	Dec. 31, 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%
Management fee		$ 750,000	$ 750,000
Cash paid for collateralized loans receivable		8,797,245	4,291,715
Promissory Notes [Member]
Interest income		$ 9,222	787
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]
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 equal to percentage of per annum of the aggregate offering proceeds		2.50%
Management fee per month, value		$ 62,500
Management fee		$ 750,000	750,000
Structuring fee amount percentage		1.50%
Structuring fee		$ 151,427	$ 40,193
Underwriting fee percentage		2.00%

Related Party Transactions - Sc

Related Party Transactions - Schedule of Partnership Incurred Transactions with Securities (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Balance - beginning of year
Underwriting fees earned by American Elm	157,443	154,917
Payments by the Partnership to American Elm	(157,443)	(154,917)
Balance - end of year

Related Party Transactions - _2

Related Party Transactions - Schedule of Partnership Underwriting Fee Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Underwriting discount incurred by the Partnership	$ 95,035	$ 241,288
Underwriting fees earned by American Elm	157,443	154,917
Underwriting fees paid to outside brokers	304,183	162,792
Total underwriting fees	$ 556,661	$ 558,997

Investments in Finance Leases_2

Investments in Finance Leases (Details Narrative) - USD ($)

Nov. 20, 2018

Nov. 09, 2018

Nov. 01, 2018

Oct. 31, 2018

Oct. 02, 2018

Sep. 26, 2018

Aug. 02, 2018

Jun. 29, 2018

Jun. 26, 2018

May 11, 2018

Apr. 17, 2018

Apr. 03, 2018

Mar. 16, 2018

Mar. 13, 2018

Mar. 09, 2018

Mar. 01, 2018

Feb. 14, 2018

Feb. 09, 2018

Feb. 05, 2018

Jan. 30, 2018

Jan. 18, 2018

Dec. 04, 2017

Nov. 09, 2017

Oct. 21, 2016

Oct. 06, 2016

Sep. 30, 2018

Dec. 31, 2018

Feb. 12, 2018

Forbearance Agreement [Member]

Forbearance fee, description

In November 2018, the Partnership entered into a forbearance agreement with the company, whereby the company will pay the outstanding October and November interim rent payments and then beginning in December 2018, they will pay a forbearance fee of $25,000 per month for three months while the company undergoes an internal restructuring.

Forbearance fee per month

$ 25,000

Proceeds from lease payments

$ 403,363

Apple Computers [Member]

Finance lease facility

$ 680,020

Number of monthly payments

36 months

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

36 months

Monthly lease payments

$ 11,647

Agricultural Equipment and Supplies [Member]

Finance lease facility

$ 44,380

$ 48,850

$ 406,456

Number of monthly payments

36 months

36 months

36 months

Monthly lease payments

$ 1,509

$ 1,661

$ 13,819

Railcar Movers [Member]

Finance lease facility

$ 940,000

Number of monthly payments

60 months

Monthly lease payments

$ 16,468

Payment of equipment lease receivables

$ 350,709

Water Pumps [Member]

Finance lease facility

$ 33,450

$ 1,199,520

Number of monthly payments

36 months

48 months

Monthly lease payments

$ 1,159

$ 31,902

Water Pumps [Member] | Second Lease Facility [Member]

Finance lease facility

$ 162,943

$ 529,239

Number of monthly payments

36 months

36 months

Monthly lease payments

$ 3,259

$ 17,888

Fabrication Equipment [Member]

Finance lease facility

$ 2,188,377

Number of monthly payments

42 months

Monthly lease payments

$ 57,199

Payment of equipment lease receivables

$ 349,428

$ 647,122

$ 1,079,895

Fabrication Equipment [Member] | Forbearance Agreement [Member] | February 28, 2019 [Member]

Number of monthly payments

60 months

Fabrication Equipment One [Member] | Forbearance Agreement [Member] | March 01, 2019 [Member]

Finance lease facility

$ 31,000

Number of monthly payments

24 months

Fabrication Equipment Two [Member] | Forbearance Agreement [Member] | March 01, 2019 [Member]

Finance lease facility

$ 40,000

Number of monthly payments

36 months

Virtual Office Software and Equipment [Member]

Finance lease facility

$ 245,219

Number of monthly payments

24 months

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

32 months

36 months

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

42 months

Monthly lease payments

16,488

$ 2,669

Payment of equipment lease receivables

$ 88,233

Fair value of finance lease

$ 82,674

Information Technology Equipment [Member]

Finance lease facility

$ 390,573

Number of monthly payments

36 months

Monthly lease payments

$ 13,444

Medical Equipment [Member]

Finance lease facility

$ 673,706

Number of monthly payments

42 months

42 months

Monthly lease payments

$ 10,711

$ 9,513

Payment of equipment lease receivables

$ 35,680

$ 71,361

Fair value of finance lease

$ 455,749

Helicopter [Member]

Finance lease facility

$ 525,063

Number of monthly payments

36 months

Monthly lease payments

$ 13,423

Escrow amount

600,000

Purchase price

1,050,000

Security deposit

$ 53,692

Security deposit, term

4 months

Increase in finance income

$ 51,962

Helicopter [Member] | Lessee [Member]

Purchase price

450,000

Helicopter [Member] | November 01, 2021 [Member]

Monthly lease payments

$ 284,435

Helicopter [Member] | February 14, 2019 [Member]

Proceeds from lease payments

$ 577,025

Investments in Finance Leases -

Investments in Finance Leases - Schedule of Net Investments in Finance Leases (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Leases, Capital [Abstract]
Minimum rents receivable	$ 9,240,140	$ 2,422,090
Estimated unguaranteed residual value	662,066	128,970
Unearned income	(1,844,173)	(518,968)
Total	$ 8,058,033	$ 2,032,092

Investment in Equipment Subje_3

Investment in Equipment Subject to Operating Leases (Details Narrative)	Oct. 18, 2016USD ($)Integer	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Depreciation expense		$ 95,604	$ 95,601
16 Pizza Ovens [Member]
Finance lease facility	$ 318,882
Number of lessees | Integer	5
Number of monthly payments	36 months

Investment in Equipment Subje_4

Investment in Equipment Subject to Operating Leases - Schedule of Composition of Equipment Subject to Operating Leases of Partnership (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Cost Basis	$ 334,826	$ 334,826
Accumulated Depreciation	207,328	111,724
Net Book Value	127,498	223,102
Food Equipment [Member]
Cost Basis	334,826	334,826
Accumulated Depreciation	207,328	111,724
Net Book Value	$ 127,498	$ 223,102

Collateralized Loans Receivab_3

Collateralized Loans Receivable (Details Narrative) - USD ($)

Dec. 14, 2018

Dec. 11, 2018

Aug. 31, 2018

Jul. 05, 2018

Jun. 29, 2018

May 01, 2018

Feb. 06, 2018

Jan. 05, 2018

Nov. 07, 2017

Jul. 31, 2017

Jun. 26, 2017

Dec. 31, 2018

Dec. 31, 2017

Cash paid for collateralized loans receivable

$ 8,797,245

$ 4,291,715

Proceeds from debt

$ 1,682,842

$ 200,000

$ 1,000,000

$ 3,000,000

Promissory Notes One [Member]

Interest income

136,532

Promissory Notes Two [Member]

Interest income

11,116

Promissory Note [Member]

Interest income

42,903

Asset Backed Equipment Loan [Member]

Proceeds from lease payment

$ 2,828,000

Commercial Finance Agreement [Member]

Interest income

35,350

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

36 months

Advanced to vendor amount

$ 495,298

$ 689,552

Commercial Finance Agreement [Member] | Warehouse Racking Equipment [Member] | 1 Month Payment [Member]

Number of monthly payments

1 month

Debt periodic payments

$ 39,083

Commercial Finance Agreement [Member] | Warehouse Racking Equipment [Member] | 11 Monthly Payments [Member]

Number of monthly payments

11 months

Debt periodic payments

$ 69,498

Commercial Finance Agreement [Member] | Warehouse Racking Equipment [Member] | 24 Monthly Payments [Member]

Number of monthly payments

24 months

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

36 months

48 months

Debt periodic payments

$ 41,463

Cash paid for collateralized loans receivable

$ 2,800,000

$ 150,000

Promissory notes, principal amount

$ 3,931

Proceeds from debt

100,000

$ 42,000

Debt interest rate, thereafter

1.25%

Membership interest, percentage

100.00%

Proceeds from notes borrowed

4,100,000

$ 7,500,000

Security deposit

100,000

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

Proceeds from notes borrowed

1,000,000

Loan Agreement [Member] | Third Party [Member]

Proceeds from notes borrowed

3,000,000

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

Proceeds from notes borrowed

2,000,000

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

Proceeds from notes borrowed

2,000,000

Loan Agreement [Member] | Tranche One [Member]

Secured financing

$ 3,200,000

$ 5,500,000

Debt accrued interest rate

10.60%

12.75%

Debt maturity date

Dec. 11, 2021

Jun. 30, 2021

Number of monthly payments

12 months

Debt periodic payments

$ 150,000

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.

Loan Agreement [Member] | Tranche One [Member] | Borrower [Member]

Debt periodic payments

$ 2,900,000

Debt instrument, balloon payment

$ 3,029,000

Loan Agreement [Member] | Tranche One [Member] | LIBOR [Member]

Variable interest rate

2.40%

1.50%

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

Proceeds from notes borrowed

$ 1,326,830

1,500,000

1,326,830

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

Proceeds from notes borrowed

1,873,170

2,000,000

1,873,170

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

Proceeds from notes borrowed

2,000,000

Loan Agreement [Member] | Tranche Two [Member]

Secured financing

900,000

2,000,000

Loan Agreement [Member] | Oilfield Tools and Services and Consulting [Member]

Proceeds from notes borrowed

1,700,000

Loan Agreement [Member] | Borrower [Member]

Interest income

11,009

Loan Agreement [Member] | 1 Monthly Installment [Member]

Interest income

42,000

Loan Agreement [Member] | 2 Monthly Installment [Member]

Interest income

$ 35,000

Assignment Agreement [Member]

Debt periodic payments

41,463

Proceeds from notes borrowed

$ 1,873,170

Assignment Agreement [Member] | Tranche I Loan [Member]

Loan sold by third party

$ 1,000,000

$ 3,000,000

Collateralized Loans Receivab_4

Collateralized Loans Receivable - Schedule of Future Principal Maturities (Details)	Dec. 31, 2018USD ($)
Receivables [Abstract]
2019	$ 636,977
2020	988,647
2021	1,692,139
2022
2023
Thereafter
Total	$ 3,317,763

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Fair Values of Financial Instruments (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Carrying Value [Member]
Assets: Collateralized loan receivable	$ 3,318,420	$ 3,880,331
Fair Value [Member]
Assets: Collateralized loan receivable	$ 3,318,420	$ 3,880,331

Income Tax Reconciliation (Un_2

Income Tax Reconciliation (Unaudited) (Details Narrative) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Partners equity	$ 13,850,728	$ 7,860,982	$ 2,282,661
Partners equity for federal income tax	$ 6,131,781	$ 5,876,416

Income Tax Reconciliation (Un_3

Income Tax Reconciliation (Unaudited) - Schedule of Net Loss for Federal Income Tax Purposes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Net loss per financial statements	$ (139,178)	$ (1,151,603)
Depreciation and amortization	57,432	31,986
Advanced rental payments	202,330	37,972
Penalties	517
Loan non-accruals	24,804
Net income (loss) for federal income tax purposes	$ 145,905	$ (1,081,645)

Selected Quarterly Financial _3

Selected Quarterly Financial Data - Schedule of Quarterly Financial Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 334,449	$ 410,862	$ 259,760	$ 223,481	$ 121,656	$ 85,597	$ 46,664	$ 47,781	$ 1,228,552	$ 301,698
Net (loss) income allocable to Limited Partners	$ 17,436	$ 14,522	$ (54,593)	$ (115,152)	$ (384,353)	$ (204,513)	$ (240,088)	$ (311,133)	$ (137,786)	$ (1,140,087)
Weighted average number of limited partnership interests outstanding	1,833,654.34	1,593,859.92	1,351,321.50	1,894,079.57	1,105,437.75	867,061.69	553,840.13	298,331.38	810,989.49	458,105.11
Net (loss) income attributable to Limited Partners per weighted average number of limited partnership interest outstanding	$ 0.01	$ 0.01	$ (0.04)	$ (0.06)	$ (0.35)	$ (0.24)	$ (0.43)	$ (1.04)	$ (0.17)	$ (2.49)

Business Concentrations (Detail

Business Concentrations (Details Narrative)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest Income [Member] | Promissory Note One [Member]
Concentration credit risk percentage	55.00%	63.00%
Interest Income [Member] | Promissory Note Two [Member]
Concentration credit risk percentage	17.00%	30.00%
Interest Income [Member] | Promissory Note Three [Member]
Concentration credit risk percentage	14.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note One [Member]
Concentration credit risk percentage	46.00%	73.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note Two [Member]
Concentration credit risk percentage	40.00%	20.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note Three [Member]
Concentration credit risk percentage	10.00%
Lessee #1 [Member] | Rental Income Operating Leases [Member]
Concentration credit risk percentage	100.00%	100.00%
Lessee #1 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	25.00%	24.00%
Lessee #1 [Member] | Investment in Operating Leases [Member]
Concentration credit risk percentage	100.00%	100.00%
Leases #1 [Member] | Finance Leases [Member]
Concentration credit risk percentage	38.00%	52.00%
Leases #2 [Member] | Finance Leases [Member]
Concentration credit risk percentage	12.00%	33.00%
Leases #3 [Member] | Finance Leases [Member]
Concentration credit risk percentage	11.00%	13.00%
Lessee #2 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	20.00%	23.00%
Lessee #3 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	11.00%	21.00%
Lessee #4 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	11.00%	20.00%
Lessee #5 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage		12.00%

Geographic Information - Schedu

Geographic Information - Schedule of Geographic Information for Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Rental income	$ 109,024	$ 109,024
Finance income	862,809	81,709
Interest income	246,192	110,365
United States [Member]
Rental income	109,024	109,024
Finance income	862,809	81,709
Interest income	$ 246,192	$ 110,365

Geographic Information - Sche_2

Geographic Information - Schedule of Geographic Information for Long-lived Assets (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Investment in finance leases, net	$ 8,058,033	$ 2,032,092
Investments in equipment subject to operating leases, net	127,498	223,102
Collateralized loan receivable, including accrued interest	3,318,420	3,880,331
United States [Member]
Investment in finance leases, net	8,058,033	2,032,092
Investments in equipment subject to operating leases, net	127,498	223,102
Collateralized loan receivable, including accrued interest	$ 3,318,420	$ 3,880,331

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - Loan Agreement [Member] - USD ($)	May 01, 2018	Nov. 07, 2017	Jun. 26, 2017
Line of credit	$ 5,000,000
Promissory notes, principal amount	$ 5,000,000
Debt maturity date	May 1, 2020	Feb. 7, 2018	Jun. 26, 2021
Accrue interest, percentage		1.50%	12.00%
Prime Rate [Member]
Accrue interest, percentage	1.00%

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)

Feb. 28, 2019USD ($)

Feb. 14, 2019USD ($)

Jan. 29, 2019USD ($)

Jan. 25, 2019USD ($)

Dec. 14, 2018USD ($)

Dec. 11, 2018USD ($)

Aug. 31, 2018USD ($)

Jul. 05, 2018USD ($)

Jun. 29, 2018USD ($)

Jan. 05, 2018USD ($)

Jun. 26, 2017

Mar. 28, 2019USD ($)Integershares

Dec. 31, 2018USD ($)shares

Dec. 31, 2017USD ($)shares

Dec. 31, 2018USD ($)shares

Nov. 20, 2018USD ($)

May 01, 2018USD ($)

Proceeds from debt

$ 1,682,842

$ 200,000

$ 1,000,000

$ 3,000,000

Partners' capital contributions

$ 7,987,185

$ 8,057,137

Partners' cash contributions

7,892,150

7,745,849

Limited Partner [Member]

Partners' capital contributions

$ 7,987,185

$ 8,057,137

$ 19,369,803

Partners' capital contributions, units | shares

798,718.54

805,713.68

1,936,980.32

Partners' cash contributions

$ 18,801,749

Water Pumps [Member]

Finance lease net book value

$ 1,199,520

$ 33,450

Loan Agreement [Member]

Loan amount

$ 5,000,000

Proceeds from sale of promissory note

4,100,000

$ 7,500,000

Proceeds from debt

$ 100,000

$ 42,000

Number of monthly payments

36 months

48 months

Loan Agreement [Member] | Third Party [Member]

Proceeds from sale of promissory note

$ 3,000,000

Assignment Agreement [Member]

Proceeds from sale of promissory note

$ 1,873,170

Subsequent Event [Member]

Proceeds from total payoff amount

$ 577,025

Finance lease net book value

525,063

Increase in finance income

$ 51,962

Lease payments description

On February 28, 2019, the lease entered into on January 18, 2018 for fabrication equipment, was amended and restated to a 60 month lease commencing on March 1, 2019. The lease requires 24 monthly payments of $31,000 and 36 monthly payments of $40,000. The lease is secured by a first priority lien against the fabrication equipment. The Partnership will reclassify this lease as an operating lease.

Subsequent Event [Member] | Limited Partner [Member]

Number of additional partners | Integer

110

Partners' capital contributions

$ 4,132,573

Partners' capital contributions, units | shares

413,257.33

Partners' cash contributions

$ 4,069,200

Sales commissions

$ 63,373

Number of additional purchase units, shares | shares

6,337.33

Subsequent Event [Member] | Existing Limited Partner [Member]

Number of additional partners | Integer

11

Subsequent Event [Member] | Lease One [Member]

Number of monthly payments

24 months

Operating lease payment

$ 31,000

Subsequent Event [Member] | Lease Two [Member]

Number of monthly payments

36 months

Operating lease payment

$ 40,000

Subsequent Event [Member] | Water Pumps [Member]

Finance lease facility

$ 1,141

Number of monthly payments

36 months

Subsequent Event [Member] | North Dakota [Member] | Water Pumps [Member]

Finance lease facility

$ 33,750

Subsequent Event [Member] | Third Party [Member]

Proceeds from debt

$ 148,902

Subsequent Event [Member] | American Elm [Member] | Limited Partner [Member]

Accrued underwriting fee

$ 81,384

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

Accrued underwriting fee

$ 143,215

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

Loan amount

103,659

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

Loan amount

146,341

Subsequent Event [Member] | Assignment Agreement [Member]

Proceeds from sale of promissory note

146,341

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

Loan amount

$ 250,000