Quarterly report pursuant to Section 13 or 15(d)

Intangibles (Tables)

v2.4.0.8
Intangibles (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Amortization of the intangible lease asset
is reflected in the accompanying Consolidated Statements of Income as a reduction to lease revenue. These same amounts are included in Amortization expense in the accompanying Consolidated Statements of Cash Flows.
Intangible Lease Asset

 
June 30, 2013
 
November 30, 2012
Intangible lease asset
 
$
1,094,771

 
$
1,094,771

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


$
681,191

Remaining estimated amortization on the lease
Remaining Estimated Amortization On Intangibles
Year ending December 31,
 
Amount
2013
 
$
145,969

2014
 
291,939

2015
 
72,985

Total
 
$
510,893