5. OTHER INVESTMENTS

As of March 31, 2018, the Company’s portfolio of other investments had an aggregate carrying value of approximately $6.1 million and we have committed to fund approximately $2.1 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, 2018, we made cash contributions to other investments of approximately $345,000, consisting of $270,000 in follow on existing investment commitments and $75,000 in new investment in partnership owning diversified businesses.

During the three months ended March 31, 2018, we received cash distributions from other investments of approximately $579,000, including $404,000 from one investment in a partnership owning rental apartments in San Antonio, Texas which were sold in March 2018 at a gain to the Company of approximately $105,000. The other distributions were primarily from real estate and related investments. Also, in the first quarter of 2018 the Company’s investments in two private banks experienced mergers with publicly traded larger banks and we received stock in those publicly traded banks plus approximately $32,000 in cash. The cash portion was recorded as gain from other investments. The bank stock we received from the mergers is being held in our marketable securities portfolio at the carrying value of our original investment in the private banks with an unrealized gain of approximately $171,000 as of March 31, 2018.

Net income from other investments for the three months ended March 31, 2018 and 2017, is summarized below:

	2018		2017
Partnerships owning real estate & related	$	132,000	$	104,000
Partnerships owning diversified businesses		15,000		141,000
Investment in other (private bank)		32,000		-
Income from investment in affiliate T.G.I.F. Texas, Inc.		39,000		34,000
Total net income from other investments	$	218,000	$	279,000

The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2018 and December 31, 2017, aggregated by investment category and the length of time that investments have been in a continuous loss position:

	As of March 31, 2018
	12 Months or Less				Greater than 12 Months				Total
			Unrealized				Unrealized				Unrealized
Investment Description	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
Partnerships owning investments in technology related industries	$	137,000	$	(26,000)	$	-	$	-	$	138,000	$	(24,000)
Partnerships owning diversified businesses investments	$	479,000	$	(20,000)	$		$		$	365,000	$	(25,000)
Total	$	616,000	$	(46,000)	$	-	$	-	$	503,000	$	(49,000)

	As of December 31, 2017
	12 Months or Less				Greater than 12 Months				Total
			Unrealized				Unrealized				Unrealized
Investment Description	Fair Value		Loss		Fair Value		Loss		Fair Value		Loss
Partnerships owning investments in technology related industries	$	138,000	$	(24,000)	$	-	$	-	$	138,000	$	(24,000)

Total	$	138,000	$	(24,000)	$	-	$	-	$	138,000	$	(24,000)

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, 2018 and 2017.