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Investments | 12 Months Ended
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Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract] |
Investments |
10. | Investments
(a) The Company has a 50% ownership interest in ENP Peru Investments LLC (“ENP Peru”), which was acquired in fiscal 2016. ENP Peru is located in Illinois and leases warehouse space. The Company accounts for this investment using the equity method of accounting. A summary of the Company’s investment follows:
Balance, January 1, 2017 |  | $ | 122,480 |
Return of equity |  |  | (25,000 | )
Loss in equity method investment |  |  | (84,066 | )
Balance, December 31, 2017 |  | $ | 13,414 |
Acquisition of additional units |  |  | 25,000 |
Loss in equity method investment |  |  | (26,306 | )
Balance, December 31, 2018 |  | $ | 12,108 |
(b) The Company has a 24% ownership interest in ENP Realty LLC (“ENP Realty”), which was acquired in fiscal 2018. ENP Realty is located in Illinois and leases warehouse space. The Company accounts for this investment using the equity method of accounting. A summary of the Company’s investment follows:
Balance, January 1, 2018 |  | $ | - |
Acquisition |  |  | 56,590 |
Gain in equity method investment |  |  | 7,659 |
Balance, December 31, 2018 |  | $ | 64,249 |
(c) In December 2018 the Company invested $200,000 in Applied Holding Corp. (“Applied”). Applied is a captive insurance company and the Company received a promissory note for its investment which becomes due in 2021 but may be extended with notice for a maximum of two years. (d) In December 2018 the Company invested $500,000 in Trio Opportunity Corp. (“Trio”), a privately held entity. Trio is a real estate investment vehicle and the Company received 50,000 non-voting Class B shares at $10.00/share. In accordance with ASC 321-10-35, the Company has elected to accounts for this investment at cost. A summary of the Company’s investment follows:
Balance, January 1, 2018 |  | $ | - |
Acquisition |  |  | 500,000 |
Impairment |  |  | - |
Balance, December 31, 2018 |  | $ | 500,000 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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