OTHER INVESTMENTS

As of March 31, 2017, the Company’s portfolio of other investments had an aggregate carrying value of approximately $5.1 million and we have committed to fund approximately $2 million as required by agreements with the investees. The carrying value of these investments is equal to contributions less distributions and loss valuation adjustments, if any.

During the three months ended March 31, 2017, we made contributions to other investments of approximately $153,000, consisting all of existing investment commitments.

During the three months ended March 31, 2017, we received distributions from other investments of approximately $568,000, including $368,000 from one investment in a partnership owning one stock which was purchased in February 2016 for $250,000 and stock was sold in March 2017 at a gain of $118,000. The other distributions were primarily from real estate and related investments.

Net income from other investments for the three months ended March 31, 2017 and 2016, is summarized below:

	2017		2016
Partnerships owning real estate & related	$	104,000	$	6,000
Partnerships owning diversified businesses		141,000		31,000
Income from investment in affiliate T.G.I.F. Texas, Inc.		34,000		-
Total net income from other investments	$	279,000	$	37,000

The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2017 and December 31, 2016, aggregated by investment category and the length of time that investments have been in a continuous loss position:

	As of March 31, 2017
	12 Months or Less				Greater than 12 Months				Total
			Unrealized		Fair		Unrealized				Unrealized
Investment Description	Fair Value		Loss		Value		Loss		Fair Value		Loss
Partnerships owning diversified businesses investments	$	365,000	$	(25,000)	$	-	$	-	$	365,000	$	(25,000)
Total	$	365,000	$	(25,000)	$	-	$	-	$	365,000	$	(25,000)

	As of December 31, 2016
	12 Months or Less				Greater than 12 Months				Total
			Unrealized		Fair		Unrealized				Unrealized
Investment Description	Fair Value		Loss		Value		Loss		Fair Value		Loss
Partnerships owning investments in technology related industries	$	151,000	$	(11,000)	$	-	$	-	$	151,000	$	(11,000)
Partnerships owning diversified businesses investments		498,000		(30,000)		-		-		498,000		(30,000)
Total	$	649,000	$	(41,000)	$	-	$	-	$	649,000	$	(41,000)

When evaluating the investments for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investment’s amortized cost basis.

In accordance with ASC Topic 320-10-65, Recognition and Presentation of Other-Than-Temporary Impairments there were no OTTI impairment valuation adjustments for the three months ended March 31, 2017 and 2016.