|
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2012
|
Sep. 30, 2011
|
Sep. 30, 2012
|
Sep. 30, 2011
|
| Operating activities: |
|
|
|
|
| Net income |
$ 526 |
$ 698 |
$ 1,454 |
$ 1,497 |
| Adjustments to reconcile net income to cash provided by operating activities: |
|
|
|
|
| Gain on sales of assets |
(89) |
(31) |
(112) |
(242) |
| Depreciation of operating lease assets |
276 |
327 |
847 |
1,019 |
| Reversal of provision for doubtful accounts |
|
|
(22) |
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Accounts receivable |
(46) |
42 |
(17) |
(99) |
| Prepaid expenses and other assets |
(7) |
(8) |
(18) |
(2) |
| Accounts payable, Managing Member |
13 |
(72) |
(285) |
46 |
| Accounts payable, affiliates |
|
|
|
(2) |
| Accounts payable, other |
60 |
106 |
60 |
(24) |
| Unearned operating lease income |
5 |
(28) |
(4) |
(54) |
| Net cash provided by operating activities |
738 |
1,034 |
1,903 |
2,139 |
| Investing activities: |
|
|
|
|
| Proceeds from sales of lease assets |
134 |
57 |
195 |
356 |
| Principal payments received on direct financing leases |
37 |
32 |
123 |
87 |
| Improvements to lease equipment |
(24) |
|
(24) |
(460) |
| Net cash provided by (used in) investing activities |
147 |
89 |
294 |
(17) |
| Financing activities: |
|
|
|
|
| Net cash provided by financing activities |
|
|
|
|
| Net increase in cash and cash equivalents |
885 |
1,123 |
2,197 |
2,122 |
| Cash and cash equivalents at beginning of period |
2,237 |
2,817 |
925 |
1,818 |
| Cash and cash equivalents at end of period |
3,122 |
3,940 |
3,122 |
3,940 |
| Supplemental disclosures of cash flow information: |
|
|
|
|
| Cash paid during the period for taxes |
$ 5 |
$ 12 |
$ 38 |
$ 46 |