Note 6 – Leased Railcars

Railcars available for lease at December 31, 2018 was $64,755 (cost of $70,850 and accumulated depreciation of $6,095) and at December 31, 2017 was $23,434 (cost of $28,074 and accumulated depreciation of $4,640). Depreciation expense on railcars available for lease was $1,458 and $704 for the years ended December 31, 2018 and 2017, respectively.

Leased railcars at December 31, 2018 are subject to lease agreements with external customers with remaining terms of up to six and a half years and are accounted for as operating leases.

Future minimum rental revenues on leases at December 31, 2018 are as follows:



Year ending December 31, 2019	$	6,387
Year ending December 31, 2020		6,387
Year ending December 31, 2021		5,073
Year ending December 31, 2022		4,680
Year ending December 31, 2023		2,491
Thereafter		2,060
	$	27,078