Note 3. Investment in Affiliate: Summary of Financial Results of Ananda (Tables)

3 Months Ended

Mar. 31, 2015

Tables/Schedules

Summary of Financial Results of Ananda

Summary unaudited financial results of Ananda for the three months ended March 31, are as follows:

	2015	2014
Rental income	$28,800	$9,900
Operating expense	(19,369)	(17,117)
Net income (loss)	$9,431	$(7,217)
Equity in income (loss) of unconsolidated affiliate	$3,772	$(2,887)

Summary unaudited financial position of Ananda for the three months ended March 31, 2015 and December 31, 2014 is as follows:

Financial Position
	March 31,	December 31,
	2015	2014
Cash	$66,613	$72,873
Other current assets	8,789	1,423
Land, buildings and improvements	434,981	441,456
Other assets	7,368	7,507
Total Assets	$517,751	$523,259
Deposits and accrued expenses	$12,312	$22,383
Mortgage payable	377,851	382,719
Total Liabilities	390,163	405,102
Members' equity	277,845	277,845
Accumulated deficit	(150,257)	(159,688)
Total Equity	127,588	118,157
Total Liabilities and Equity	$517,751	$523,259
Investment in unconsolidated affiliate	$51,035	$47,263