Arboretum Silverleaf Income Fund 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 14, 2019
Document And Entity Information
Entity Registrant Name	Arboretum Silverleaf Income Fund, L.P.
Entity Central Index Key	0001672773
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
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 Common Stock, Shares Outstanding		2,535,672.53
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 4,763,264	$ 3,192,541
Investments in finance leases, net	10,012,128	8,058,033
Investments in equipment subject to operating leases, net	1,989,414	127,498
Collateralized loans receivable, including accrued interest of $740 and $657	2,948,448	3,318,420
Other assets	71,194	348
Total Assets	19,784,448	14,696,840
Liabilities:
Accounts payable and accrued liabilities	99,219	125,419
Funding liability for collateralized loans and leases	80,953	81,872
Distributions payable to Limited Partners	505,765	370,290
Distributions payable to General Partner	25,785	16,583
Security deposit payable	49,391
Deferred revenue	441,889	251,948
Total Liabilities	1,203,002	846,112
Partners' Equity (Deficit):
Limited Partners	18,621,903	13,882,867
General Partner	(40,457)	(32,139)
Total Equity	18,581,446	13,850,728
Total Liabilities and Partners' Equity	$ 19,784,448	$ 14,696,840

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Accrued interest	$ 740	$ 657

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Rental income	$ 120,256	$ 27,256	$ 178,512	$ 54,512
Finance income	231,643	217,827	487,579	350,889
Interest income	116,134	14,677	235,481	77,010
Other income	241		688	830
Total Revenue	468,274	259,760	902,260	483,241
Expenses
Management fees - Investment Manager	187,500	187,500	375,000	375,000
Depreciation	99,435	23,897	148,496	47,780
Professional fees	123,500	60,516	173,050	137,045
Administration expense	73,739	41,577	108,880	84,461
Other expenses	4,169	1,414	8,469	10,414
Total Expenses	488,343	314,904	813,895	654,700
Net (loss) income	(20,069)	(55,144)	88,365	(171,459)
Net (loss) income attributable to the Partnership
Limited Partners	(19,868)	(54,593)	87,481	(169,744)
General Partner	(201)	(551)	884	(1,715)
Net (loss) income attributable to the Partnership	$ (20,069)	$ (55,144)	$ 88,365	$ (171,459)
Weighted average number of limited partnership interests outstanding	2,535,672.53	1,351,321.5	2,016,141.01	1,049,409.37
Net (loss) income attributable to Limited Partners per weighted average number of limited partnership interests outstanding	$ (0.01)	$ (0.04)	$ 0.04	$ (0.16)

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Partners' Equity (Deficit) (Unaudited) - 6 months ended Jun. 30, 2019 - USD ($)	Total	General Partner [Member]	Limited Partner [Member]
Balance at Dec. 31, 2018	$ 13,850,728	$ (32,139)	$ 13,882,867
Balance, shares at Dec. 31, 2018			1,935,481.94
Partners' capital contributions	6,001,906		$ 6,001,906
Partners' capital contributions, shares			600,190.59
Offering expenses	(9,630)		$ (9,630)
Underwriting fees	(418,337)		(418,337)
Net income	88,365	884	87,481
Distributions to partners	(931,586)	(9,202)	(922,384)
Balance at Jun. 30, 2019	$ 18,581,446	$ (40,457)	$ 18,621,903
Balance, shares at Jun. 30, 2019			2,535,672.53

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ 88,365	$ (171,459)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Finance income	(487,579)	(350,889)
Accrued interest income	(235,642)	(76,980)
Depreciation	148,496	47,780
Change in operating assets and liabilities:
Minimum rents receivable	1,968,475	832,272
Accrued interest income	235,282	110,613
Other assets	(70,846)	(112,144)
Accounts payable and accrued liabilities	(26,200)	167,057
Security deposit payable	49,391
Deferred revenue	189,941	119,445
Funding liability for collateralized loans and leases	(919)
Net cash provided by operating activities	1,858,764	565,695
Cash flows from investing activities:
Purchase of finance leases	(5,445,403)	(5,795,107)
Cash paid for collateralized loans receivable	(287,436)	(61,459)
Cash received from collateralized loans receivable	511,427	3,238,065
Proceeds from sale of collateralized loans receivable	146,341
Net cash used in investing activities	(5,075,071)	(2,618,501)
Cash flows from financing activities:
Cash received from Limited Partner capital contributions	5,916,286	3,440,450
Cash paid for Limited Partner distributions	(786,909)	(383,830)
Cash paid for Limited Partner redemptions		(4,885)
Cash paid for underwriting fees	(332,717)	(180,632)
Cash paid for offering costs	(9,630)	(84,477)
Net cash provided by financing activities	4,787,030	2,786,626
Net increase in cash and cash equivalents	1,570,723	733,820
Cash and cash equivalents, beginning of period	3,192,541	2,036,337
Cash and cash equivalents, end of period	4,763,264	2,770,157
Supplemental disclosure of non-cash investing and financing activities:
Units issued as underwriting fee discount	85,620	62,947
Distributions payable to General Partner	9,202	4,559
Distributions payable to Limited Partners	505,765	72,093
Reclassification of investment in finance leases to equipment subject to operating leases	2,010,412
Funding liability for collateralized loans and leases		$ 113,107

Organization and Nature of Oper

Organization and Nature of Operations	6 Months Ended
	Jun. 30, 2019
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 ASIF GP, LLC (f/k/a SQN AIF V GP, LLC) (the “General Partner”), a wholly-owned subsidiary of the Partnership’s Investment Manager. On July 8, 2019, the General Partner changed its name from SQN AIF V GP, LLC to ASIF GP, LLC. 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 and concluded 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 (“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”). 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, our distribution rate has been 6.5% annually, paid quarterly at 1.625%, of capital contributions. Beginning as of March 31, 2018, we increased our distribution to 7.0% annually, paid quarterly at 1.75% of capital contributions. Beginning as of June 30, 2018, we increased our distribution to 7.5%, paid quarterly at 1.875% of capital contributions. Beginning as of September 30, 2018 we increased our distribution to 8.0%, paid quarterly at 2.00% of capital contributions. The amount and rate of cash distributions could vary and are not guaranteed. During the six months ended June 30, 2019, we made quarterly cash distributions to our Limited Partners totaling $786,909, and accrued $505,765 for distributions due to Limited Partners which resulted in a distributions payable to Limited Partners of $505,765 at June 30, 2019. At June 30, 2019, the Partnership declared and accrued a distribution of $5,057, for distributions due to the General Partner which resulted in distributions payable to the General Partner of $25,785 at June 30, 2019. 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. On May 24, 2019, the Partnership terminated Lifestyle Leasing. From August 11, 2016 through June 30, 2019, the Partnership admitted 617 Limited Partners with total capital contributions of $25,371,709 resulting in the sale of 2,537,170.91 Units. The Partnership received cash contributions of $24,718,035 and applied $653,674 which would have otherwise been paid as sales commission to the purchase of 65,367.46 additional Units.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
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 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 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 June 30, 2019, there were no expected liabilities to be incurred under the BBA. 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 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 Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the interim condensed consolidated financial statements.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2019
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, 2019 and 2018. 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, 2019 and 2018, the Partnership paid $187,500 in management fee expense to the Investment Manager. For the six months ended June 30, 2019 and 2018, 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, 2019 and 2018, the Partnership accrued $83,028 and $108,370, 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 accrued interest at a rate of 18% per annum and matured 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, 2019, the promissory notes earned interest income of $0 and $4, 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 six months ended June 30, 2019 and the year ended December 31, 2018, the Partnership incurred the following transactions with American Elm: June 30, 2019 December 31, 2018 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by American Elm 118,326 157,443 Payments by the Partnership to American Elm (118,326 ) (157,443 ) Balance - end of period $ — $ — For the six months ended June 30, 2019 and 2018, the Partnership incurred the following underwriting fee transactions: Six Months Ended Six Months Ended (unaudited) (unaudited) Underwriting discount incurred by the Partnership $ 85,620 $ 62,947 Underwriting fees earned by American Elm 118,326 68,409 Fees paid to outside brokers 214,391 112,223 Total underwriting fees $ 418,337 $ 243,579

Investments in Finance Leases

Investments in Finance Leases	6 Months Ended
	Jun. 30, 2019
Leases, Capital [Abstract]
Investments in Finance Leases	4. Investments in Finance Leases. At June 30, 2019 and December 31, 2018, net investments in finance leases consisted of the following: June 30, 2019 December 31, 2018 (unaudited) Minimum rents receivable $ 11,865,240 $ 9,240,140 Estimated unguaranteed residual value 214,571 662,066 Unearned income (2,067,683 ) (1,844,173 ) Total $ 10,012,128 $ 8,058,033 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, 2019, 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, 2019, 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, 2019, 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, 2019, 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. On January 29, 2019, the Partnership entered into a third lease facility for $67,500 for water pumps. On January 29, 2019, the Partnership funded $33,750 and on April 9, 2019, the Partnership funded the remaining $33,750. The finance lease requires 36 monthly payments of $2,282 with the first and last payments due in advance and commences on May 1, 2019. On June 19, 2019, the Partnership entered into and funded a fourth lease facility for $1,270,125 for water pumps. The finance lease requires 36 monthly payments of $43,565 with the first and last payments due in advance and commences on July 1, 2019. The lease is secured by a first priority lien against the water pumps. At June 30, 2019, 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 $5,648 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 June 30, 2019, there were no significant changes to this lease. On May 30, 2019, the Partnership entered into a lease facility for $3,600,000 for industrial dryers based in Kentucky. On May 31, 2019, the Partnership advanced $3,600,000 under this lease facility. The finance lease requires 48 monthly payments of $94,802 with the first and last payments due in advance and commences on November 1, 2019. The lease is secured by a first priority lien against the industrial dryers. At June 30, 2019, 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 required 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 paid the outstanding October and November rent payments and then beginning in December 2018, they paid a forbearance fee of $25,000 per month for three months while the company underwent an internal restructuring. 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, on maturity, the lessee can return the equipment or purchase it for $500,000. The lease is secured by a first priority lien against the fabrication equipment. The Partnership reclassified 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 June 30, 2019, 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. Schedule 1 of the lease required 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 June 30, 2019, there were no significant changes to this lease. 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 June 30, 2019, 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 (“Schedule 1”) and schedule 2 (“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. Schedule 1 requires 42 monthly payments of $10,711 with the first and last payment due upon commencement, commencing on October 1, 2018. Schedule 2 requires 42 monthly payments of $9,513 with the first and last payment due upon commencement, commencing on January 1, 2019. At June 30, 2019, there were no significant changes to this lease. On March 22, 2019, the Partnership entered into a lease facility for $493,906 of medical equipment with a hospital based in Texas. The lease is secured by a first priority lien against the medical equipment. On March 22, 2019, the Partnership advanced a total of $493,906 under this lease facility. The lease schedule requires 36 monthly payments of $16,820 with the first payment due upon commencement, commencing on April 1, 2019, on maturity, the lessee can return the equipment or purchase it at its then fair market value, not to exceed 16% of equipment cost. At June 30, 2019, 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 required 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 was 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	6 Months Ended
	Jun. 30, 2019
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. On February 28, 2019, the lease 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, on maturity, the lessee can return the equipment or purchase it for $500,000. The lease is secured by a first priority lien against the fabrication equipment. The Partnership reclassified this lease from a finance lease to an operating lease. The composition of the equipment subject to operating leases of the Partnership as of June 30, 2019 is as follows: Description Cost Basis Accumulated Net Book Value (unaudited) (unaudited) (unaudited) Food equipment $ 334,826 $ 255,130 $ 79,696 Fabrication Equipment $ 2,010,412 $ 100,694 $ 1,909,718 $ 2,345,238 $ 355,824 $ 1,989,414 The composition of the equipment subject to operating leases of the Partnership as of December 31, 2018 is as follows: Description Cost Basis Accumulated Net Book Value Food equipment $ 334,826 $ 207,328 $ 127,498 $ 334,826 $ 207,328 $ 127,498 Depreciation expense for the three and six months ended June 30, 2019 was $99,435 and $148,496, respectively.

Collateralized Loans Receivable

Collateralized Loans Receivable	6 Months Ended
	Jun. 30, 2019
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. On May 31, 2019, the Partnership received cash of $222,439 as payment in full of the CFA entered into on June 26, 2017. For the three and six months ended June 30, 2019, the CFA earned interest income of $12,175 and $17,601, 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, 2019, the promissory note earned interest income of $2,013 and $4,255, respectively. 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 three and six months ended June 30, 2019, the promissory notes earned interest income of $60,457 and $119,928, respectively. 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 services related equipment, of which the Partnership agreed to provide up to $1,700,000, with the balance funded by a third party. 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 of title work related to purchased vehicles. 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. On January 25, 2019, the Partnership funded $250,000 of Tranche II. 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. For the three and six months ended June 30, 2019, the promissory notes earned interest income of $41,476 and $93,664, respectively. The future principal maturities of the Partnership’s collateralized loans receivable at June 30, 2019 are as follows: Years ending June 30, (unaudited) 2020 $ 656,702 2021 1,764,050 2022 526,956 2023 — 2024 — Thereafter — Total $ 2,947,708

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
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. The Partnership’s carrying values and approximate fair values of its financial instruments were as follows: June 30, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value (unaudited) (unaudited) Assets: Collateralized loans receivable $ 2,948,448 $ 2,948,448 $ 3,318,420 $ 3,318,420 As of June 30, 2019, the Partnership evaluated the carrying values of its financial instruments and they approximate fair value

Indemnifications

Indemnifications	6 Months Ended
	Jun. 30, 2019
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, 2019
Risks and Uncertainties [Abstract]
Business Concentrations	9. Business Concentrations For the six months ended June 30, 2019, the Partnership had two lessee which accounted for approximately 70% and 30% of the Partnership’s rental income derived from operating leases. For the six months ended June 30, 2018, 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, 2019, the Partnership had three leases which accounted for approximately 21%, 13% and 12% of the Partnership’s income derived from finance 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, 2019, the Partnership had two loans which accounted for approximately 51% and 40% of the Partnership’s interest income derived from collateralized loans receivable. 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. At June 30, 2019, the Partnership had one lessee which accounted for approximately 96% of the Partnership’s investment in operating leases. At June 30, 2018, the Partnership had one lessee which accounted for approximately 100% of the Partnership’s investment in operating leases. At June 30, 2019, the Partnership had two lessees which accounted for approximately 36% and 27% of the Partnership’s investment in finance 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, 2019, the Partnership had two borrowers which accounted for approximately 53% and 44% of the Partnership’s investment in collateralized loans receivable. 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.

Geographic Information

Geographic Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Geographic Information	10. Geographic Information Geographic information for revenue for the three months ended June 30, 2019 and 2018 was as follows: Three Months Ended June 30, 2019 United States Total (unaudited) (unaudited) Revenue: Rental income $ 120,256 $ 120,256 Finance income $ 231,643 $ 231,643 Interest income $ 116,134 $ 116,134 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 Geographic information for revenue for the six months ended June 30, 2019 and 2018 was as follows: Six Months Ended June 30, 2019 United States Total (unaudited) (unaudited) Revenue: Rental income $ 178,512 $ 178,512 Finance income $ 487,579 $ 487,579 Interest income $ 235,481 $ 235,481 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 Geographic information for long-lived assets at June 30, 2019 and December 31, 2018 was as follows: June 30, 2019 United States Total (unaudited) (unaudited) Long-lived assets: Investment in finance leases, net $ 10,012,128 $ 10,012,128 Investments in equipment subject to operating leases, net $ 1,989,414 $ 1,989,414 Collateralized loan receivable, including accrued interest $ 2,948,448 $ 2,948,448 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

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events On July 19, 2019, the Partnership filed an Amendment to the Certificate of Limited Partnership with regard to the Partnership’s Certificate of Limited Partnership in order to formally amend the name of the Partnership to Arboretum Silverleaf Income Fund, L.P. effective as of July 19, 2019. On July 8, 2019, the General Partner filed a Certificate of Amendment with regard to the General Partner’s Certificate of Formation in order to formally amend the name of the General Partner to ASIF GP, LLC effective as July 8, 2019. On July 11, 2019, the lessee of the lease facility for railcar movers voluntarily filed for Chapter 11 bankruptcy protection. The lessee is current with its monthly lease payments to the Partnership. On August 6, 2019, the Partnership funded a finance lease for $27,351 for water pumps based in North Dakota. The finance lease requires 36 monthly payments of $938. The lease is secured by a first priority lien against the water pumps.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
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 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 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 June 30, 2019, there were no expected liabilities to be incurred under the BBA. 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 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 Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the interim condensed consolidated financial statements.

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Schedule of Partnership Incurred Transactions with Securities	For the six months ended June 30, 2019 and the year ended December 31, 2018, the Partnership incurred the following transactions with American Elm: June 30, 2019 December 31, 2018 (unaudited) Balance - beginning of period $ — $ — Underwriting fees earned by American Elm 118,326 157,443 Payments by the Partnership to American Elm (118,326 ) (157,443 ) Balance - end of period $ — $ —
Schedule of Partnership Underwriting Fee Transactions	For the six months ended June 30, 2019 and 2018, the Partnership incurred the following underwriting fee transactions: Six Months Ended Six Months Ended (unaudited) (unaudited) Underwriting discount incurred by the Partnership $ 85,620 $ 62,947 Underwriting fees earned by American Elm 118,326 68,409 Fees paid to outside brokers 214,391 112,223 Total underwriting fees $ 418,337 $ 243,579

Investments in Finance Leases (

Investments in Finance Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases, Capital [Abstract]
Schedule of Net Investments in Finance Leases	At June 30, 2019 and December 31, 2018, net investments in finance leases consisted of the following: June 30, 2019 December 31, 2018 (unaudited) Minimum rents receivable $ 11,865,240 $ 9,240,140 Estimated unguaranteed residual value 214,571 662,066 Unearned income (2,067,683 ) (1,844,173 ) Total $ 10,012,128 $ 8,058,033

Investment in Equipment Subje_2

Investment in Equipment Subject to Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 is as follows: Description Cost Basis Accumulated Net Book Value (unaudited) (unaudited) (unaudited) Food equipment $ 334,826 $ 255,130 $ 79,696 Fabrication Equipment $ 2,010,412 $ 100,694 $ 1,909,718 $ 2,345,238 $ 355,824 $ 1,989,414 The composition of the equipment subject to operating leases of the Partnership as of December 31, 2018 is as follows: Description Cost Basis Accumulated Net Book Value Food equipment $ 334,826 $ 207,328 $ 127,498 $ 334,826 $ 207,328 $ 127,498

Collateralized Loans Receivab_2

Collateralized Loans Receivable (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of Future Principal Maturities	The future principal maturities of the Partnership’s collateralized loans receivable at June 30, 2019 are as follows: Years ending June 30, (unaudited) 2020 $ 656,702 2021 1,764,050 2022 526,956 2023 — 2024 — Thereafter — Total $ 2,947,708

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
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: June 30, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value (unaudited) (unaudited) Assets: Collateralized loans receivable $ 2,948,448 $ 2,948,448 $ 3,318,420 $ 3,318,420

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Geographic Information for Revenue	Geographic information for revenue for the three months ended June 30, 2019 and 2018 was as follows: Three Months Ended June 30, 2019 United States Total (unaudited) (unaudited) Revenue: Rental income $ 120,256 $ 120,256 Finance income $ 231,643 $ 231,643 Interest income $ 116,134 $ 116,134 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 Geographic information for revenue for the six months ended June 30, 2019 and 2018 was as follows: Six Months Ended June 30, 2019 United States Total (unaudited) (unaudited) Revenue: Rental income $ 178,512 $ 178,512 Finance income $ 487,579 $ 487,579 Interest income $ 235,481 $ 235,481 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
Schedule of Geographic Information for Long-lived Assets	Geographic information for long-lived assets at June 30, 2019 and December 31, 2018 was as follows: June 30, 2019 United States Total (unaudited) (unaudited) Long-lived assets: Investment in finance leases, net $ 10,012,128 $ 10,012,128 Investments in equipment subject to operating leases, net $ 1,989,414 $ 1,989,414 Collateralized loan receivable, including accrued interest $ 2,948,448 $ 2,948,448 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

Organization and Nature of Op_2

Organization and Nature of Operations (Details Narrative)	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2019USD ($)Integershares	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)Integershares	Dec. 31, 2018USD ($)
Number of business segment | Integer					1
Accrued for distributions due to partners					$ 931,586
Distributions payable to limited partners					505,765		$ 505,765	$ 370,290
Distributions payable to general partner					25,785		25,785	$ 16,583
Partners' capital contributions					6,001,906
Partners received cash contributions					$ 5,916,286	$ 3,440,450
Limited Partner [Member]
Targeted distribution, description					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, our distribution rate has been 6.5% annually, paid quarterly at 1.625%, of capital contributions. Beginning as of March 31, 2018, we increased our distribution to 7.0% annually, paid quarterly at 1.75% of capital contributions. Beginning as of June 30, 2018, we increased our distribution to 7.5%, paid quarterly at 1.875% of capital contributions. Beginning as of September 30, 2018 we increased our distribution to 8.0%, paid quarterly at 2.00% of capital contributions. The amount and rate of cash distributions could vary and are not guaranteed.
Targeted distribution rate, percentage	8.00%	7.50%	7.00%	6.50%	6.00%
Targeted distribution rate, quarterly	2.00%	1.875%	1.75%	1.625%	1.50%
Distribution payable to limited partners quarterly					$ 786,909
Accrued for distributions due to partners					922,384
Distributions payable to limited partners					505,765		505,765
Distributions payable to general partner					25,785		$ 25,785
Number of partners | Integer							617
Partners' capital contributions					$ 6,001,906		$ 25,371,709
Partners' capital contributions, shares | shares					600,190.59		2,537,170.91
Partners received cash contributions							$ 24,718,035
Additional units purchased during the period, value							$ 653,674
Additional units purchased during the period | shares							65,367.46
General Partner [Member]
Accrued for distributions due to partners					$ 9,202
Distributions payable to general partner					20,728		$ 20,728
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%

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Dec. 15, 2017USD ($)Integer	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
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%
Management fee		$ 187,500	$ 187,500	$ 375,000	$ 375,000
Cash paid for collateralized loans receivable				287,436	$ 61,459
Promissory Notes [Member]
Interest income		0		$ 4
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%	2.50%
Management fee per month, value				$ 62,500	$ 62,500
Management fee		$ 187,500	$ 187,500	$ 375,000	375,000
Structuring fee amount percentage				1.50%
Structuring fee				$ 83,028	$ 108,370
Underwriting fee percentage				2.00%

Related Party Transactions - Sc

Related Party Transactions - Schedule of Partnership Incurred Transactions with Securities (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transactions [Abstract]
Balance - beginning of period
Underwriting fees earned by American Elm	118,326	$ 68,409	157,443
Payments by the Partnership to American Elm	(88,930)		(157,443)
Balance - end of period

Related Party Transactions - _2

Related Party Transactions - Schedule of Partnership Underwriting Fee Transactions (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Related Party Transactions [Abstract]
Underwriting discount incurred by the Partnership	$ 85,620	$ 62,947
Underwriting fees earned by American Elm	118,326	68,409	$ 157,443
Fees paid to outside brokers	214,391	112,223
Total underwriting fees	$ 418,337	$ 243,579

Investments in Finance Leases_2

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

Jun. 19, 2019

May 30, 2019

Mar. 22, 2019

Mar. 02, 2019

Feb. 28, 2019

Feb. 14, 2019

Jan. 29, 2019

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

Apr. 17, 2018

Apr. 03, 2018

Mar. 16, 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

Jun. 30, 2019

Nov. 01, 2021

Aug. 06, 2019

Feb. 12, 2018

Subsequent Event [Member]

Finance lease facility

$ 27,351

Fourth Lease Facility [Member]

Finance lease facility

$ 1,270,125

Number of monthly payments

36 months

Monthly lease payments

$ 43,565

Payment of lease liability commencement date

Jul. 1, 2019

Forbearance Agreement [Member]

Forbearance fee, description

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

Forbearance fee per month

$ 25,000

Proceeds from lease payments

500,000

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

$ 5,648

$ 17,888

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

Finance lease facility

$ 67,500

Number of monthly payments

36 months

Monthly lease payments

$ 2,282

Payment of lease liability commencement date

May 1, 2019

Water Pumps [Member] | Third Lease Facility [Member] | Tranche One [Member]

Secured financing

$ 33,750

Water Pumps [Member] | Third Lease Facility [Member] | Tranche Two [Member] | April 9, 2019 [Member]

Secured financing

$ 33,750

Fabrication Equipment [Member]

Finance lease facility

$ 3,600,000

$ 2,188,377

Number of monthly payments

48 months

42 months

Monthly lease payments

$ 94,802

$ 57,199

Payment of equipment lease receivables

$ 349,428

$ 647,122

$ 1,079,895

Fabrication Equipment [Member] | Forbearance Agreement [Member]

Number of monthly payments

60 months

Fabrication Equipment One [Member] | Forbearance Agreement [Member]

Number of monthly payments

24 months

Monthly lease payments

$ 31,000

Fabrication Equipment Two [Member] | Forbearance Agreement [Member]

Number of monthly payments

36 months

Monthly lease payments

$ 40,000

Proceeds from lease payments

$ 500,000

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

IT Server Equipment [Member]

Finance lease facility

$ 390,573

Number of monthly payments

36 months

Monthly lease payments

$ 13,444

Medical Equipment [Member]

Finance lease facility

$ 493,906

$ 673,706

Number of monthly payments

36 months

42 months

42 months

Monthly lease payments

$ 16,820

$ 10,711

$ 9,513

Payment of equipment lease receivables

$ 493,906

$ 35,680

$ 71,361

Fair value of finance lease

$ 455,749

Maximum market fair value on equipment cost, percentage

16.00%

Helicopter [Member]

Finance lease facility

$ 525,063

Number of monthly payments

36 months

Monthly lease payments

$ 13,423

Proceeds from lease payments

$ 577,025

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] | Subsequent Event [Member]

Monthly lease payments

$ 284,435

Helicopter [Member] | Lessee [Member]

Purchase price

$ 450,000

Investments in Finance Leases -

Investments in Finance Leases - Schedule of Net Investments in Finance Leases (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Leases, Capital [Abstract]
Minimum rents receivable	$ 11,865,240	$ 9,240,140
Estimated unguaranteed residual value	214,571	662,066
Unearned income	(2,067,683)	(1,844,173)
Total	$ 10,012,128	$ 8,058,033

Investment in Equipment Subje_3

Investment in Equipment Subject to Operating Leases (Details Narrative)	May 30, 2019USD ($)	Mar. 02, 2019USD ($)	Feb. 28, 2019	Jan. 18, 2018USD ($)	Oct. 18, 2016USD ($)Integer	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)
Depreciation expense						$ 99,435	$ 23,897	$ 148,496	$ 47,780
Forbearance Agreement [Member]
Proceeds from lease payments								$ 500,000
16 Pizza Ovens [Member]
Finance lease facility					$ 318,882
Number of lessees | Integer					5
Number of monthly payments					36 months
Fabrication Equipment [Member]
Finance lease facility	$ 3,600,000			$ 2,188,377
Number of monthly payments	48 months			42 months
Monthly lease payments	$ 94,802			$ 57,199
Fabrication Equipment [Member] | Forbearance Agreement [Member]
Number of monthly payments			60 months
Fabrication Equipment One [Member] | Forbearance Agreement [Member]
Number of monthly payments		24 months
Monthly lease payments		$ 31,000
Fabrication Equipment Two [Member] | Forbearance Agreement [Member]
Number of monthly payments		36 months
Monthly lease payments		$ 40,000
Proceeds from lease payments		$ 500,000

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 ($)	Jun. 30, 2019	Dec. 31, 2018
Cost Basis	$ 2,345,238	$ 334,826
Accumulated Depreciation	355,824	207,328
Net Book Value	1,989,414	127,498
Food Equipment [Member]
Cost Basis	334,826	334,826
Accumulated Depreciation	255,130	207,328
Net Book Value	79,696	$ 127,498
Fabrication Equipment [Member]
Cost Basis	2,010,412
Accumulated Depreciation	100,694
Net Book Value	$ 1,909,718

Collateralized Loans Receivab_3

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

May 31, 2019

Jan. 25, 2019

Dec. 14, 2018

Dec. 11, 2018

Aug. 31, 2018

Jul. 05, 2018

Jun. 29, 2018

May 01, 2018

Jul. 31, 2017

Jun. 26, 2017

Jun. 30, 2019

Jun. 30, 2019

Jun. 30, 2018

Cash paid for collateralized loans receivable

$ 287,436

$ 61,459

Proceeds from debt

$ 1,682,842

$ 200,000

$ 1,000,000

$ 3,000,000

Promissory Notes One [Member]

Interest income

$ 60,457

119,928

Commercial Finance Agreement [Member]

Interest income

12,175

17,601

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

Promissory notes, principal amount

$ 222,439

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

12.00%

Debt maturity date

May 1, 2020

Jun. 26, 2021

Number of monthly payments

36 months

48 months

Debt periodic payments

$ 41,463

Interest income

41,476

93,664

Cash paid for collateralized loans receivable

$ 150,000

Promissory notes, principal amount

$ 3,931

Proceeds from notes borrowed

4,100,000

$ 7,500,000

Proceeds from debt

$ 148,902

100,000

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

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

Proceeds from notes borrowed

1,873,170

2,000,000

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

250,000

900,000

2,000,000

Proceeds from debt

146,341

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

Proceeds from notes borrowed

103,659

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

Proceeds from notes borrowed

$ 146,341

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

Proceeds from notes borrowed

1,700,000

Loan Agreement [Member] | Borrower [Member]

Interest income

$ 2,013

$ 4,255

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)	Jun. 30, 2019USD ($)
Receivables [Abstract]
2020	$ 656,702
2021	1,764,050
2022	526,956
2023
2024
Thereafter
Total	$ 2,947,708

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Carrying Value [Member]
Assets: Collateralized loans receivable	$ 2,948,448	$ 3,318,420
Fair Value [Member]
Assets: Collateralized loans receivable	$ 2,948,448	$ 3,318,420

Business Concentrations (Detail

Business Concentrations (Details Narrative)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Interest Income [Member] | Loan Two [Member]
Concentration credit risk percentage	40.00%
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	51.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note One [Member]
Concentration credit risk percentage	53.00%	69.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note Two [Member]
Concentration credit risk percentage	44.00%	20.00%
Investment in Collateralized Loans Receivable [Member] | Promissory Note Three [Member]
Concentration credit risk percentage		12.00%
Lessee #1 [Member] | Rental Income Operating Leases [Member]
Concentration credit risk percentage	70.00%	100.00%
Lessee #1 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	96.00%
Lessee #1 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage		100.00%
Lessee #1 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	36.00%	30.00%
Lessee #2 [Member] | Rental Income Operating Leases [Member]
Concentration credit risk percentage	30.00%
Lessee #2 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage	27.00%	16.00%
Leases #1 [Member] | Finance Leases [Member]
Concentration credit risk percentage	21.00%	42.00%
Leases #2 [Member] | Finance Leases [Member]
Concentration credit risk percentage	13.00%	15.00%
Leases #3 [Member] | Finance Leases [Member]
Concentration credit risk percentage	12.00%	13.00%
Lessee #4 [Member] | Finance Leases [Member]
Concentration credit risk percentage		11.00%
Lessee #4 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage		12.00%
Lessee #3 [Member] | Investment in Finance Leases [Member]
Concentration credit risk percentage		15.00%

Geographic Information - Schedu

Geographic Information - Schedule of Geographic Information for Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Rental income	$ 120,256	$ 27,256	$ 178,512	$ 54,512
Finance income	231,643	217,827	487,579	350,889
Interest income	116,134	14,677	235,481	77,010
United States [Member]
Rental income	120,256	27,256	178,512	54,512
Finance income	231,643	217,827	487,579	350,889
Interest income	$ 116,134	$ 14,677	$ 235,481	$ 77,010

Geographic Information - Sche_2

Geographic Information - Schedule of Geographic Information for Long-lived Assets (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Investment in finance leases, net	$ 10,012,128	$ 8,058,033
Investments in equipment subject to operating leases, net	1,989,414	127,498
Collateralized loan receivable, including accrued interest	2,948,448	3,318,420
United States [Member]
Investment in finance leases, net	10,012,128	8,058,033
Investments in equipment subject to operating leases, net	1,989,414	127,498
Collateralized loan receivable, including accrued interest	$ 2,948,448	$ 3,318,420

Commitments and Contingencies (

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

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Aug. 06, 2019USD ($)
Finance lease funded by partnership	$ 27,351
Finance lease term	36 months
Lease payments	$ 938