ATEL 17, LLC

CIK:0001640982|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	$ 354	$ 314	$ 1,063	$ 1,154
Gain on sales of lease assets	(43)	46	(43)	221
Other revenue	2	1	2	12
Total operating revenues	313	361	1,022	1,387
Operating expenses:
Depreciation of operating lease assets	188	233	607	852
Asset management fees to Managing Member	21	39	64	146
Cost reimbursements to Managing Member and/or affiliates	35	91	127	237
Amortization of initial direct costs	1	3	5	12
Interest expense	3	5	10	16
Professional fees	29	19	152	134
Outside services	12	28	76	67
Other expense	4	11	27	27
Total operating expenses	293	429	1,068	1,491
Net income (loss) from operations	20	(68)	(46)	(104)
Other loss:
Unrealized loss on fair value adjustment for warrants	(16)	6	(21)	4
Total other loss	(16)	6	(21)	4
Net income (loss)	4	(62)	(67)	(100)
Net income (loss):
Other Members	4	(62)	(67)	(100)
Net income (loss)	$ 4	$ (62)	$ (67)	$ (100)
Net income (loss) per Limited Liability Company Unit - Other Members	$ 0	$ (0.02)	$ (0.03)	$ (0.04)
Weighted average number of Units outstanding	2,554,249	2,565,749	2,554,249	2,565,749

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 loss	$ (67)	$ (100)
Adjustments to reconcile net loss to net cash provided by operating activities:
Gain on sales of lease assets	43	(221)
Depreciation of operating lease assets	607	852
Amortization of initial direct costs	5	12
Provision for doubtful accounts		3
Unrealized loss (gain) on fair value adjustment for warrants	21	(4)
Changes in operating assets and liabilities:
Accounts receivable	(35)	29
Prepaid expenses and other assets	1	(1)
Due to/from Managing Member and affiliates	(3)	(21)
Accounts payable, other	(32)	(4)
Unearned operating lease income	(22)	(28)
Net cash provided by operating activities	518	517
Investing activities:
Proceeds from sales of lease assets	106	312
Net cash provided by investing activities	106	312
Financing activities:
Repayments under non-recourse debt	(54)	(251)
Distributions to Other Members	(287)	(1,361)
Net cash used in financing activities	(341)	(1,612)
Net increase (decrease) in cash and cash equivalents	283	(783)
Cash at beginning of period	358	1,000
Cash at end of period	641	217
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	9	16
Cash paid during the period for taxes	13	1
Schedule of non-cash investing and financing transactions:
Distributions payable to Other Members at period-end	$ 43	$ 85

BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 641	$ 358
Accounts receivable, net	44	9
Warrants, fair value	82	103
Investments in equipment and leases, net	3,183	3,833
Assets held for sale or lease, net	37	148
Prepaid expenses and other assets	1	2
Total assets	3,988	4,453
Accounts payable and accrued liabilities:
Non-recourse debt	251	305
Unearned operating lease income	19	41
Total liabilities	350	461
Commitments and contingencies (Note 6)
Members' capital:
Managing Member	1	1
Other Members	3,637	3,991
Total Members' capital	3,638	3,992
Total liabilities and Members' capital	3,988	4,453
Managing Member And Affiliates
Accounts payable and accrued liabilities:
Accounts payable and accrued liabilities	9	12
Other Member
Accounts payable and accrued liabilities:
Accounts payable and accrued liabilities	43	43
Nonrelated Party
Accounts payable and accrued liabilities:
Accounts payable and accrued liabilities	$ 28	$ 60