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Cash Held in Escrow
12 Months Ended
Mar. 31, 2017
Disclosure Text Block [Abstract]  
Cash Held in Escrow

NOTE 5 – Cash Held in Escrow

Cash held in escrow from operations consists of the following:

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

 

2017

 

2016

 

 

 

 

 

 

 

 

 

Purchase price payments*

    

$

82,119

    

$

82,119

 

 

 

 

 

 

 

 

 

Total cash held in escrow

 

$

82,119

 

$

82,119

 

 


*Represents amounts to be paid to seller upon meeting specified rental achievement criteria.

Cash held in escrow from discontinued operations consist of the following:

 

 

 

 

 

 

 

 

 

March 31,

 

 

2017

 

2016

 

 

 

 

 

 

 

Real estate taxes, insurance and other

 

$

8,532

 

$

155,289

Reserve for replacements

 

 

120,000

 

 

237,386

Tenant security deposits

 

 

14,391

 

 

147,226

 

 

 

 

 

 

 

Total cash held in escrow

 

$

142,923

 

$

539,901