INVESTMENT AND NOTE RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2016

INVESTMENT AND NOTE RECEIVABLE {2}

Convertible Preferred Stock

The aggregate carrying amount of cost method investments at December 31, 2016 and December 31, 2015 consisted of the following:

	2016		2015
AC Kinetics Series A Convertible Preferred Stock	$	-	$	500,000

Summary of changes in the Fair Value

The table below sets forth a summary of changes in the fair value of the Level three note for the year ended December31, 2016:

Balance, June 27, 2016	$	500,000
Appreciation in fair value	$	26,887
Balance, December 31, 2016	$	526,887