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Equity Method Investment
9 Months Ended
Sep. 30, 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 was acquired in fiscal 2016. ENP Peru is located in Illinois and leases warehouse space. The Company accounts for this investment using the equity method of accounting. A summary of the Company’s investment 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     (13,414 )
Balance, September 30, 2018   $ -