Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Summary of Significant Accounting Policies [Abstract]

Schedule of Differences Between Book Value and Tax Basis of Net Assets

The tax bases of the Company’s net assets and liabilities vary from the amounts presented in these financial statements at December 31, 2016 as follows:

	2016
Financial statement basis of net assets	$	11,695,650
Tax basis of net assets (unaudited)		13,445,408
Difference	$	(1,749,758)

Reconciliation of Net Income (Loss) Reported in Financial Statements and Federal Tax Return

The following reconciles the net income reported in these financial statements to the income reported on the Company’s federal tax return (unaudited) for the year ended December 31, 2016:

	2016
Net loss per financial statements	$	(234,058)
Tax adjustments (unaudited):
Adjustment to depreciation expense		(694,314)
Adjustments to revenues		107,566
Other		7,200
Loss per federal tax return (unaudited)	$	(813,606)