Transactions with Related Parties

6 Months Ended

Jun. 30, 2016

Transactions with Related Parties [Abstract]

(5) Transactions with Related Parties

We did not pay any distributions to our Manager for the three and six months ended June 30, 2016. We paid distributions to our Manager of $10,101 for the three and six months ended June 30, 2015. Our Manager’s interest in the net loss attributable to us was $24,896 and $48,261 for the three and six months ended June 30, 2016, respectively. Our Manager’s interest in the net loss attributable to us was $66,087 and $64,988 for the three and six months ended June 30, 2015, respectively.

Our Manager has waived the following fees and administrative expense reimbursements in relation to services provided during the three and six months ended June 30, 2016 and 2015:

			Three Months Ended				Six Months Ended
			June 30,				June 30,
Entity	Capacity	Description	2016		2015		2016		2015
ICON Capital, LLC	Manager	Management fees	$	-	$	63,869	$	-	$	127,738
ICON Capital, LLC	Manager	Administrative expense
		reimbursements		65,864		83,489		143,403		194,367
			$	65,864	$	147,358	$	143,403	$	322,105

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

ICON LEASING FUND ELEVEN, LLC 10-Q