5. OTHER INVESTMENTS

As of June 30, 2018, the Company’s portfolio of other investments had an aggregate carrying value of approximately $5.6 million and we have committed to fund additional amounts of approximately $2.0 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 six months ended June 30, 2018, we made cash contributions to other investments of approximately $668,000, consisting of $393,000 in follow on existing investment commitments and $275,000 in two new investments in a partnership owning real estate in Orlando, Florida for $200,000 and a partnership owning diversified businesses of $75,000.

During the six months ended June 30, 2018, we received cash distributions from other investments of approximately $1.3 million. These distributions included approximately $475,000 (net of 10% holdback pending year end audit of partnership) received in June 2018 from the redemption of an investment in a partnership owning investment contracts which resulted in a loss of less than $1,000, $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, and $106,000 in distributions from an on-going investment in a power and energy partnership. 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 $34,000 in cash. The cash portion was recorded as gain from other investments. The bank securities we received from the mergers are being held in our marketable securities portfolio at the carrying value equal to our original investment in the private banks (with an unrealized gain of approximately $168,000 as of June 30, 2018).

Net income from other investments for the three and six months ended June 30, 2018 and 2017, is approximately as follows:

	Three months ended June 30,				Six months ended June 30,
Description	2018		2017		2018		2017
Partnerships owning real estate and related	$	32,000	$	24,000	$	164,000	$	127,000
Partnerships owning diversified businesses		27,000		37,000		42,000		179,000
Other (bank stocks)		2,000				34,000
Income from investment in 49% owned affiliate (T.G.I.F. Texas, Inc.)		12,000		8,000		51,000		42,000
Total net income from other investments	$	73,000	$	69,000	$	291,000	$	348,000

The following tables present approximate gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 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 June 30, 2018
	12 Months or Less				Greater than 12 Months				Total
Investment Description	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Partnerships owning investments in technology related industries	$	-	$	-	$	121,000	$	(42,000)	$	121,000	$	(42,000)
Total	$	-	$	-	$	121,000	$	(42,000)	$	121,000	$	(42,000)

	As of December 31, 2017
	12 Months or Less				Greater than 12 Months				Total
Investment Description	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized 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.

There were no impairment valuation adjustments for the three and six months ended June 30, 2018 and 2017.