ATEL Growth Capital Fund 8, LLC

CIK:0001537069|SEC Filings

Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Statements of Income - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Operating revenues:
Notes receivable interest income, net	$ 14	$ 81	$ 33	$ 185
Gain on early termination of notes receivable		4		52
Other		1		2
Total operating revenues	14	86	33	239
Operating expenses:
Asset management fees to Managing Member	2	9	6	18
Cost reimbursements to affiliates	17	38	40	74
Provision for credit losses		14		27
Professional fees	43	25	69	58
Outside services	11	12	18	34
Taxes on income and franchise fees	1		1	1
Dues and subscriptions	4		8
Bank charges	6	3	14	8
Printing and photocopying	1	1	2	4
Other		5	8	11
Total operating expenses	85	107	166	235
Net (loss) income from operations	(71)	(21)	(133)	4
Other income:
Gain on sales or dispositions of investment in securities	0		0	161
Unrealized gain on fair value adjustment for investment in securities	219	4	251	4
Unrealized (loss) gain on fair value adjustment for warrants	(86)	67	(97)	(35)
Total other income:	133	71	154	130
Net income	62	50	21	134
Net income (loss):
Managing Member		60	7	120
Other Members	62	(10)	14	14
Net income	$ 62	$ 50	$ 21	$ 134
Net income (loss) per Limited Liability Company Unit (Other Members)	$ 0.04	$ (0.01)	$ 0.01	$ 0.01
Weighted average number of Units outstanding	1,612,396	1,612,396	1,612,396	1,612,396

Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
Statements of Cash Flows - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Operating activities:
Net income	$ 21	$ 134
Adjustment to reconcile net income to cash used in operating activities:
Accretion of note discount - warrants	(13)	(29)
Gain on early termination of notes receivable		(52)
Gain on sales or dispositions of investment in securities		(161)
Provision for credit losses		27
Unrealized gain on fair value adjustment for investment in securities	(251)	(4)
Unrealized loss on fair value adjustment for warrants	97	35
Changes in operating assets and liabilities:
Due from affiliates		(58)
Prepaid expenses and other assets	2	3
Due to Managing Member and affiliates	23	(22)
Accounts payable, other	(4)	1
Unearned fee income related to notes receivable	(21)	(2)
Net cash used in operating activities	(146)	(128)
Investing activities:
Purchase of securities	(7)
Proceeds from early termination of notes receivable		473
Proceeds from sales or disposition of investment in securities		161
Notes receivable advances		(26)
Principal payments received on notes receivable	306	736
Net cash provided by investing activities	299	1,344
Financing activities:
Net cash used in financing activities	(198)	(986)
Net (decrease) increase in cash and cash equivalents	(45)	230
Cash and cash equivalents at beginning of period	70	214
Cash and cash equivalents at end of period	25	444
Schedule of non-cash investing and financing transactions:
Conversion of warrants to equity securities		140
Other Members [Member]
Operating activities:
Net income	14	14
Financing activities:
Distributions to Members	(180)	(888)
Schedule of non-cash investing and financing transactions:
Distributions payable to Members at period-end		249
Managing Member [Member]
Operating activities:
Net income	7	120
Financing activities:
Distributions to Members	$ (18)	(98)
Schedule of non-cash investing and financing transactions:
Distributions payable to Members at period-end		$ 27

Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 25	$ 70
Accounts receivable	11	11
Notes receivable, net	242	514
Investment in securities	572	314
Warrants, fair value	491	588
Prepaid expenses and other assets	2	4
Total assets	1,343	1,501
Accounts payable and accrued liabilities:
Due to Managing Member and affiliates	26	14
Accrued distributions to Other Members		99
Other	2	6
Total liabilities	28	119
Commitments and contingencies
Members’ capital:
Managing Member
Other Members	1,315	1,382
Total Members’ capital	1,315	1,382
Total liabilities and Members’ capital	$ 1,343	$ 1,501