Commonwealth Income and Growth Fund IV (CIGF4 or the Partnership or the Fund) is a limited partnership organized in the Commonwealth of Pennsylvania on April 20, 2001. The Partnership offered $15,000,000 of limited partnership interest to the public on October 19, 2001. The Partnership raised the minimum capital required ($1,150,000) and commenced operations on July 8, 2002. The Partnership was fully subscribed and terminated its offering of units on September 15, 2003 with 749,950 units ($14,967,729) sold. The Partnership was originally scheduled to end its operational phase on December 31, 2013. During the year ended December 31, 2013, the operational phase was officially extended to December 31, 2015 through a proxy vote initiated by the General Partner. The Partnerships operational phase ended on December 31, 2015. The Fund is scheduled to expire on December 31, 2017. The General Partner has not formally approved a plan for liquidation at this time. As such, the Partnership will continue to report its financial statements on a going concern basis until a formal plan of liquidation is approved by the General Partner. During the Partnerships operational phase, the investment strategy was to acquire high technology equipment consisting of medical, telecommunications and inventory management equipment. As the Partnerships operational phase has ended on December 31, 2015, the General Partners will begin the wind down process as it prepares the Fund for the liquidation phase which is planned to commence on December 31, 2017. The Partnership used the proceeds of the offering to acquire, own and lease various types of information technology, medical technology, telecommunications technology, inventory management equipment and other similar capital equipment, which is leased primarily to U.S. corporations and institutions. Commonwealth Capital Corp (CCC), on behalf of the Partnership and other affiliated partnerships, acquires equipment subject to associated debt obligations and lease agreements and alloca