Condensed Statements of Operations (unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2022 |
Jun. 30, 2021 |
Jun. 30, 2022 |
Jun. 30, 2021 |
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| Revenue | ||||
| Lease | $ 162,398 | $ 305,641 | $ 361,385 | $ 654,530 |
| Interest and other | 292 | 387 | 4,533 | 7,695 |
| Sales and property taxes | 10,368 | 13,733 | 22,190 | 30,554 |
| Gain on sale of equipment | 51,863 | 54,193 | 54,843 | 65,818 |
| Total revenue and gain on sale of equipment | 224,921 | 373,953 | 442,951 | 758,596 |
| Expenses | ||||
| Operating, excluding depreciation and amortization | 159,575 | 156,023 | 237,198 | 334,237 |
| Equipment management fee, General Partner | 8,089 | 15,343 | 18,099 | 32,848 |
| Interest | 1,077 | 2,894 | 2,353 | 8,533 |
| Depreciation | 118,508 | 287,918 | 219,573 | 574,352 |
| Amortization of equipment acquisition costs and deferred expenses | 1,977 | 4,875 | 3,454 | 16,549 |
| Sales and property taxes | 10,368 | 13,733 | 22,190 | 30,554 |
| Bad debt expense | 94,163 | 0 | 93,207 | 0 |
| Loss on sale of equipment | 0 | 0 | 0 | 0 |
| Total expenses | 393,758 | 480,786 | 596,075 | 997,073 |
| Other loss | ||||
| Loss in investment from COF 2 | (25,544) | (22,321) | (48,935) | (35,174) |
| Total other loss | (25,544) | (22,321) | (48,935) | (35,174) |
| Net loss | (194,381) | (129,154) | (202,059) | (273,651) |
| Net loss income allocated to Limited Partners | $ (194,381) | $ (129,154) | $ (202,059) | $ (276,002) |
| Net loss per equivalent Limited Partnership unit | $ (0.13) | $ (0.08) | $ (0.13) | $ (0.18) |
| Weighted average number of equivalent limited partnership units outstanding during the year | 1,529,785 | 1,533,035 | 1,533,035 | 1,533,035 |
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- References No definition available.
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- Definition Amount, after recoveries, of loans and leases that have been written-off. No definition available.
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- Definition The amount of expense recognized in the current period that reflects the allocation of capitalized costs associated with acquisition of business. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of net income allocated to limited partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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