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8. EQUITY METHOD INVESTMENT

6 Months Ended

Jun. 30, 2017

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 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, 2016		-
Capital contributions	$	150,066
Return of equity		(12,500	)
Loss in equity method investment		(15,086	)
Balance, December 31, 2016	$	122,480
Return of equity		(12,500	)
Balance, June 30 2017	$	109,980