Quarterly report pursuant to Section 13 or 15(d)

Intangibles (Tables)

v2.4.0.6
Intangibles (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortization of the intangible lease asset
Amortization of the intangible lease asset is reflected in the accompanying Consolidated Statements of Income as a reduction to lease income.
Intangible Lease Asset

 
March 31, 2013
 
November 30, 2012
 
December 31, 2012
Intangible lease asset
 
$
1,094,771

 
$
1,094,771

 
$
1,094,771

Accumulated amortization
 
(510,893
)
 
(413,580
)
 
(437,908
)
Net intangible lease asset
 
$
583,878


$
681,191

 
$
656,863

Remaining estimated amortization on the lease
Remaining Estimated Amortization On Intangibles
Year ending December 31,
 
Amount
2013
 
$
218,954

2014
 
291,939

2015
 
72,985

Total
 
$
583,878