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Investment in OC-BVI (Tables) | 9 Months Ended
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Sep. 30, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments [Table Text Block] | Summarized financial information for OC-BVI is as follows:
|  | September 30, |  |  | December 31, |
|  | 2017 |  |  | 2016 |
Current assets |  | $ | 4,115,006 |  |  | $ | 5,627,414 |
Non-current assets |  |  | 3,747,753 |  |  |  | 3,963,242 |
Total assets |  | $ | 7,862,759 |  |  | $ | 9,590,656 |
|  | September 30, |  |  | December 31, |
|  | 2017 |  |  | 2016 |
Current liabilities |  | $ | 553,252 |  |  | $ | 197,673 |
Non-current liabilities |  |  | 1,340,550 |  |  |  | 1,854,900 |
Total liabilities |  | $ | 1,893,802 |  |  | $ | 2,052,573 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Revenues |  | $ | 578,635 |  |  | $ | 965,169 |  |  | $ | 2,071,387 |  |  | $ | 2,850,242 |
Cost of revenues |  |  | 408,557 |  |  |  | 540,522 |  |  |  | 1,410,106 |  |  |  | 1,537,860 |
Gross profit |  |  | 170,078 |  |  |  | 424,647 |  |  |  | 661,281 |  |  |  | 1,312,382 |
General and administrative expenses |  |  | 192,492 |  |  |  | 231,750 |  |  |  | 680,349 |  |  |  | 714,483 |
Income (loss) from operations |  |  | (22,414) |  |  |  | 192,897 |  |  |  | (19,068) |  |  |  | 597,899 |
Other income (expense), net |  |  | 351,474 |  |  |  | 62,165 |  |  |  | 362,442 |  |  |  | (15,598) |
Net income |  |  | 329,060 |  |  |  | 255,062 |  |  |  | 343,374 |  |  |  | 582,301 |
Income attributable to non-controlling interests |  |  | 9,943 |  |  |  | 22,346 |  |  |  | 49,429 |  |  |  | 48,133 |
Net income attributable to controlling interests |  | $ | 319,117 |  |  | $ | 232,716 |  |  | $ | 293,945 |  |  | $ | 534,168 |
A reconciliation of the beginning and ending balances for the investment in OC-BVI for the nine months ended September 30, 2017 is as follows:
Balance as of December 31, 2016 |  | $ | 4,086,630 |
Profit sharing and equity from earnings of OC-BVI |  |  | 174,530 |
Distributions received from OC-BVI |  |  | (1,136,250) |
Balance as of September 30, 2017 |  | $ | 3,124,910 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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