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Equity Method Investment
3 Months Ended
Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investment

8. Equity Method Investment

 

The Company has a 42% ownership interest in ENP Peru Investments LLC (“ENP Peru”), which we acquired in fiscal 2016. ENP Peru is located in the state of Illinois and leases warehouse space. We account for this investment using the equity method of accounting. A summary of our investment is as follows:

 

Balance, January 1, 2017   $ 122,480  
Return of equity     (25,000 )
Loss in equity method investment     (84,066 )
Balance, December 31, 2017   $ 13,414  
Return of equity     (6,250 )
Balance, March 31, 2018   $ 7,164