ATEL 16, LLC

CIK:0001575048|SEC Filings

STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Leasing and lending activities:
Operating lease revenue, net	$ 523	$ 508	$ 1,547	$ 1,609
Loss on sales of operating lease assets			(15)	0
Other revenue		12	14	24
Total operating revenues	523	520	1,546	1,633
Operating expenses:
Depreciation of operating lease assets	135	243	426	802
Asset management fees to Managing Member	53	76	187	229
Cost reimbursements to Managing Member and/or affiliates	35	92	130	236
Amortization of initial direct costs	2	1	6	7
Interest expense	5	7	15	22
Professional fees	36	27	201	185
Outside services	8	22	73	56
Taxes on income and franchise fees	7	12		83
Other expense	12	20	43	62
Total operating expenses	293	500	1,081	1,682
Net income (loss) from operations	230	20	465	(49)
Other (loss) income:
Unrealized (loss) gain on fair value adjustment for warrants	(15)	4	(22)	3
Total other (loss) income	(15)	4	(22)	3
Net income (loss)	215	24	443	(46)
Net income (loss):
Other Members	215	24	443	(46)
Net income (loss)	$ 215	$ 24	$ 443	$ (46)
Net income (loss) per Limited Liability Company Unit - Other Members	$ 0.05	$ 0.01	$ 0.1	$ (0.01)
Weighted average number of Units outstanding	4,264,386	4,269,656	4,264,489	4,270,970

STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	Sep. 30, 2025	Sep. 30, 2024
Operating activities:
Net income (loss)	$ 443	$ (46)
Adjustment to reconcile net income (loss) to cash provided by operating activities:
Depreciation of operating lease assets	426	802
Loss on sales of operating lease assets	15	0
Amortization of initial direct costs	6	7
Provision for doubtful accounts	0	6
Unrealized loss (gain) on fair value adjustment for warrants	22	(3)
Changes in operating assets and liabilities:
Accounts receivable	17	23
Prepaid expenses and other assets	1	(1)
Due to/from Managing Members and affiliates	(14)	(11)
Accounts payable, other	(1)	(12)
Unearned operating lease income	118	121
Net cash provided by operating activities	1,033	886
Investing activities:
Proceeds from sales of lease assets	199	22
Net cash provided by investing activities	199	22
Financing activities:
Repayments under non-recourse debt	(122)	(250)
Distributions to Other Members	(1,721)	(2,242)
Repurchase of Units	(3)	(7)
Net cash used in financing activities	(1,846)	(2,499)
Net decrease in cash and cash equivalents	(614)	(1,591)
Cash and cash equivalents at beginning of period	1,164	3,238
Cash and cash equivalents at end of period	550	1,647
Supplemental disclosures of cash flow information:
Cash paid during period for interest	15	22
Cash paid during period for taxes	18	96
Other Members [Member]
Schedule of non-cash investing and financing transactions:
Distributions payable to Other Members at period-end	$ 164	$ 288

BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 550	$ 1,164
Accounts receivable, net	11	28
Investment in equity securities	48	48
Warrants, fair value	84	106
Investment in equipment and leases, net	3,502	4,148
Prepaid expenses and other assets	1	2
Total assets	4,196	5,496
Accounts payable and accrued liabilities:
Non-recourse debt	358	480
Unearned operating lease income	200	82
Total liabilities	833	976
Commitments and contingencies (Note 7)
Members' capital:
Managing Member	0	0
Other Members	3,363	4,520
Total Members' capital	3,363	4,520
Total liabilities and Members' capital	4,196	5,496
Managing Member And Affiliates Member [Member]
Accounts payable and accrued liabilities:
Accounts payable and accrued liabilities	17	31
Other Member [Member]
Accounts payable and accrued liabilities:
Accounts payable and accrued liabilities	164	288
Nonrelated Party [Member]
Accounts payable and accrued liabilities:
Accounts payable and accrued liabilities	$ 94	$ 95