8. EQUITY METHOD INVESTMENT

12 Months Ended

Dec. 31, 2016

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:

	December 31, 2016
January 1, 2016 Balance		-
Capital contributions	$	150,066
Return of equity		(12,500	)
Loss in equity method investment		(15,086	)
December 31, 2016 Balance	$	122,480