Northland Cable Properties Eight Limited Partnership (NCPE) 10-Q 1 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013
Document And Entity Information [Abstract]	'
Document Type	'10-Q
Amendment Flag	'false
Document Period End Date	30-Sep-13
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'Q3
Entity Registrant Name	'NORTHLAND CABLE PROPERTIES EIGHT LIMITED PARTNERSHIP
Entity Central Index Key	'0000843368
Current Fiscal Year End Date	'--12-31
Entity Filer Category	'Smaller Reporting Company
Entity Common Stock, Shares Outstanding	0

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
ASSETS	'	'
Cash	$61,268	$380,676
Accounts receivable, net of allowance of $5,500 and $4,000 in 2013 and 2012, respectively	119,717	96,069
Due from affiliates	12,129	43,135
Prepaid expenses	100,483	47,918
Property and equipment, net of accumulated depreciation of $11,215,444, and $10,821,531, respectively	2,686,475	2,628,604
Franchise agreements, net of accumulated amortization of $1,907,136	2,292,704	2,292,704
Loan fees, net of accumulated amortization of $105,380 and $104,373, respectively	'	1,007
Total assets	5,272,776	5,490,113
LIABILITIES AND PARTNERS' CAPITAL	'	'
Accounts payable and accrued expenses	291,981	293,542
Due to General Partner and affiliates	147,738	9,365
Deposits	10,440	11,215
Subscriber prepayments	169,663	184,140
Term loan	'	553,376
Total liabilities	619,822	1,051,638
General Partner:	'	'
Contributed capital, net	1,000	1,000
Accumulated deficit	-34,460	-36,652
Total general partner	-33,460	-35,652
Limited Partners:	'	'
Contributed capital, net (19,087 units)	8,102,518	8,102,518
Accumulated deficit	-3,416,104	-3,628,391
Total limited partners	4,686,414	4,474,127
Total partners' capital	4,652,954	4,438,475
Total liabilities and partners' capital	$5,272,776	$5,490,113

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]	'	'
Allowance for accounts receivable	$5,500	$4,000
Accumulated depreciation for property and equipment	11,215,444	10,821,531
Accumulated amortization for franchise agreements	1,907,136	1,907,136
Accumulated amortization for loan fees	$105,380	$104,373
Contributed capital, units	19,087	19,087

Condensed_Statements_of_Operat

Condensed Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]	'	'	'	'
Service revenues	$1,126,809	$1,051,043	$3,384,936	$3,182,161
Expenses:	'	'	'	'
Cable system operations / cost of revenue (including $17,228 and $14,713, $47,804 and $43,197 to affiliates in 2013 and 2012, respectively), excluding depreciation shown below	137,525	121,446	394,669	358,448
General and administrative (including $135,142 and $121,251, $411,044 and $361,015 to affiliates in 2013 and 2012, respectively)	367,366	299,152	998,880	882,026
Programming / cost of revenue (including $15,858 and $8,886, $40,214 and $26,015 to affiliates in 2013 and 2012, respectively)	461,335	418,262	1,348,763	1,254,961
Depreciation / cost of revenue	142,088	131,538	416,622	393,670
Loss on disposal of assets	210	'	210	24,588
Total Expenses	1,108,524	970,398	3,159,144	2,913,693
Insurance proceeds	'	'	2,564	'
Income from operations	18,285	80,645	228,356	268,468
Other income (expense):	'	'	'	'
Interest expense and amortization of loan fees	'	-6,832	-9,310	-22,274
Interest income	5	82	153	263
Total other income (expenses)	5	-6,750	-9,157	-22,011
Net income	18,290	73,895	219,199	246,457
Allocation of net income:	'	'	'	'
General Partner (1%)	183	739	2,192	2,465
Limited Partners (99%)	$18,107	$73,156	$217,007	$243,992
Net income per limited partnership unit: (19,087 units)	$0.95	$3.83	$11.37	$12.78

Condensed_Statements_of_Operat1

Condensed Statements of Operations (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Cable system operations cost related to affiliates	$137,525	$121,446	$394,669	$358,448
General and administrative related to affiliates	367,366	299,152	998,880	882,026
Programming cost attributable to affiliates	461,335	418,262	1,348,763	1,254,961
General partners percentage on net income loss	1.00%	1.00%	1.00%	1.00%
Limited partners percentage on net income loss	99.00%	99.00%	99.00%	99.00%
Limited partners' capital account, units	19,087	19,087	19,087	19,087
Affiliated Entity [Member]	'	'	'	'
Cable system operations cost related to affiliates	17,228	14,713	47,804	43,197
General and administrative related to affiliates	135,142	121,251	411,044	361,015
Programming cost attributable to affiliates	$15,858	$8,886	$40,214	$26,015

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income	$219,199	$246,457
Adjustments to reconcile net income to cash provided by operating activities:	'	'
Depreciation	416,622	393,670
Amortization of loan fees	1,007	3,021
Insurance proceeds	-2,564	'
Loss on disposal of assets	210	4,588
(Increase) decrease in operating assets:	'	'
Accounts receivable	-23,648	15,123
Due from affiliates	31,006	3,748
Prepaid expenses	-52,565	-51,364
Increase (decrease) in operating liabilities:	'	'
Accounts payable and accrued expenses	29,097	11,940
Due to General Partner and affiliates	138,373	-14,323
Subscriber prepayments and deposits	-15,252	-22,449
Net cash provided by operating activities	741,485	590,411
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of property and equipment	-505,361	-374,984
Proceeds from sale of assets	'	500
Insurance proceeds	2,564	'
Increase in intangibles	'	-500
Net cash used in investing activities	-502,797	-374,984
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Principal payments on borrowings	-553,376	-300,000
Distribution on behalf of limited partners for tax purposes	-4,720	0
Net cash used in financing activities	-558,096	-300,000
DECREASE IN CASH	-319,408	-84,573
CASH, beginning of period	380,676	367,788
CASH, end of period	61,268	283,215
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'
Cash paid during the period for interest	8,303	19,966
Capital expenditures in accounts payable at September 30, 2013 and 2012	$2,304	'

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Basis of Presentation	'
	(1) Basis of Presentation
	These unaudited condensed financial statements are being filed in conformity with Rule 10-01 of Regulation S-X regarding interim financial statement disclosure and do not contain all of the necessary footnote disclosures required for a full presentation of the balance sheets, statements of operations and statements of cash flows in conformity with accounting principles generally accepted in the United States of America. However, in the opinion of management, these statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Partnership’s financial position at September 30, 2013, its statements of operations for the three and nine months ended September 30, 2013 and 2012, and its statements of cash flows for the nine months ended September 30, 2013 and 2012. Results of operations for these periods are not necessarily indicative of results to be expected for the full year. These financial statements and notes should be read in conjunction with the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2012.
	Northland Communications Corporation (the General Partner or Northland) manages the operations and is the General Partner of the Partnership under the terms of a Partnership Agreement which will expire on December 31, 2013. On October 1, 2013, a definitive proxy statement on Schedule 14A and an accompanying proxy card were mailed to limited partners of record as of September 15, 2013, in connection with a special meeting to be held on December 17, 2013. The special meeting is called for the purpose of considering a proposal to amend the Partnership Agreement, to extend the term of the Partnership from December 31, 2013 to December 31, 2016. Extension of the Partnership’s life will need approval from a majority of its limited partners. No assurances can be given that a majority of the limited partners will approve an extension of the Partnership’s life. Given this fact, the Partnership’s ability to continue as a going concern is in substantial doubt at September 30, 2013. The financial statements do not include any adjustments that might result from the uncertainty regarding Northland’s ability to extend the life of the Partnership.
	Failure to extend the term of the Partnership would result in dissolution of the Partnership at December 31, 2013. The Partnership continues after dissolution solely for the purpose of winding up its activities. In winding up its activities, the Partnership may preserve the business or property as a going concern for a reasonable time and perform other necessary acts; and shall discharge the Partnership’s liabilities, settle and close the Partnership’s activities, and marshal and distribute the assets of the Partnership.

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]	'
Intangible Assets	'
	(2) Intangible Assets
	The Partnership does not amortize intangible assets determined to have indefinite lives. The Partnership has determined that its franchises meet the definition of indefinite lived assets. The Partnership tests these assets for impairment on an annual basis during the fourth quarter using financial information as of September 30th, or on an interim basis if an event occurs or circumstances change that would indicate the assets might be impaired. The Partnership’s test for impairment that was performed during the fourth quarter of 2013 indicated that the fair value of the assets exceeded their carrying value.

Term_Loan

Term Loan	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Term Loan	'
	(3) Term Loan
	The Partnership’s term loan matured on June 30, 2013. The term loan was collateralized by a first lien position on all present and future assets of the Partnership. Principal payments were withdrawn by the lender from the Partnership’s bank account as of the last day of each quarter. As June 30, 2013, fell on a Sunday, the final principal payment of $478,376 was withdrawn on Monday, July 1, 2013, representing payment in full of its term loan.

Litigation

Litigation	9 Months Ended
	Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]	'
Litigation	'
	(4) Litigation
	The Partnership is party to ordinary and routine litigation proceedings that are incidental to the Partnership’s business. Management believes that the outcome of all pending legal proceedings will not, individually or in the aggregate, have a material adverse effect on the Partnership, its financial statements or prospects.

Fair_Value_of_Assets

Fair Value of Assets	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value of Assets	'
	(5) Fair Value of Assets
	We measure certain financial assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the inputs used to determine fair value. These levels are:
		•		Level 1 - inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
		•		Level 2 – quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active.
		•		Level 3 – significant inputs are unobservable for the asset or liability.
	The following table summarizes the balances of assets measured at fair value on a recurring basis at September 30, 2013.
			Total		Level 1		Level 2		Level 3
	Cash		$	61,268	$	61,268	$	—	$	—
	The following table summarizes the balances of assets measured at fair value on a recurring basis at December 31, 2012.
			Total		Level 1		Level 2		Level 3
	Cash		$	380,676	$	380,676	$	—	$	—
	The Partnership follows the provisions of FASB ASC 820 Fair Value Measurements and Disclosures. The carrying value of cash approximates fair value.

Fair_Value_of_Assets_Tables

Fair Value of Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Assets Measured at Fair Value on a Recurring Basis	'
	The following table summarizes the balances of assets measured at fair value on a recurring basis at September 30, 2013.
		Total		Level 1		Level 2		Level 3
	Cash	$	61,268	$	61,268	$	—	$	—
	The following table summarizes the balances of assets measured at fair value on a recurring basis at December 31, 2012.
		Total		Level 1		Level 2		Level 3
	Cash	$	380,676	$	380,676	$	—	$	—

Term_Loan_Additional_Informati

Term Loan - Additional Information (Detail) (USD $)	6 Months Ended	9 Months Ended
	Jun. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
Debt Disclosure [Abstract]	'	'	'
Principal payments withdrawn by lender	$478,376	$553,376	$300,000
Credit agreement extend maturity date	'	30-Jun-13	'

Fair_Value_of_Assets_Assets_Me

Fair Value of Assets - Assets Measured at Fair Value on a Recurring Basis (Detail) (Fair Value, Measurements, Recurring [Member], USD $)	Sep. 30, 2013	Dec. 31, 2012
Fair Value Assets Liabilities Quantitative Information [Line Items]	'	'
Cash	$61,268	$380,676
Level 1 [Member]	'	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'	'
Cash	61,268	380,676
Level 2 [Member]	'	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'	'
Cash	'	'
Level 3 [Member]	'	'
Fair Value Assets Liabilities Quantitative Information [Line Items]	'	'
Cash	'	'