XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.19.2

Investment in OC-BVI (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments [Table Text Block] | Summarized financial information for OC-BVI is as follows:
|  | June 30, 2019 |  |  | December 31, 2018 |
Current assets |  | $ | 1,306,471 |  |  | $ | 2,286,179 |
Non-current assets |  |  | 3,684,922 |  |  |  | 3,859,310 |
Total assets |  | $ | 4,991,393 |  |  | $ | 6,145,489 |
|  | June 30, 2019 |  |  | December 31, 2018 |
Current liabilities |  | $ | 93,584 |  |  | $ | 132,005 |
Non-current liabilities |  |  | 822,150 |  |  |  | 1,048,950 |
Total liabilities |  | $ | 915,734 |  |  | $ | 1,180,955 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Revenues |  | $ | 794,382 |  |  | $ | 717,434 |  |  | $ | 1,554,975 |  |  | $ | 1,429,637 |
Cost of revenues |  |  | 589,734 |  |  |  | 273,228 |  |  |  | 1,103,114 |  |  |  | 534,152 |
Gross profit |  |  | 204,648 |  |  |  | 444,206 |  |  |  | 451,861 |  |  |  | 895,485 |
General and administrative expenses |  |  | 238,567 |  |  |  | 218,421 |  |  |  | 424,595 |  |  |  | 416,924 |
Income (loss) from operations |  |  | (33,919 | ) |  |  | 225,785 |  |  |  | 27,266 |  |  |  | 478,561 |
Other income (expense), net |  |  | (4,050 | ) |  |  | 154,466 |  |  |  | (16,141 | ) |  |  | 97,766 |
Net income (loss) |  |  | (37,969 | ) |  |  | 380,251 |  |  |  | 11,125 |  |  |  | 576,327 |
Income attributable to non-controlling interests |  |  | 19,347 |  |  |  | 18,472 |  |  |  | 37,515 |  |  |  | 29,407 |
Net income (loss) attributable to controlling interests |  | $ | (57,316 | ) |  | $ | 361,779 |  |  | $ | (26,390 | ) |  | $ | 546,920 |
A reconciliation of the beginning and ending balances for the Company’s investment in OC-BVI for the six months ended June 30, 2019 is as follows:
Balance as of December 31, 2018 |  | $ | 2,584,987 |
Profit-sharing and equity from (losses) of OC-BVI |  |  | (3,388 | )
Distributions received from OC-BVI |  |  | (454,500 | )
Balance as of June 30, 2019 |  | $ | 2,127,099 |

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration