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4. Investment in Unconsolidated Affiliate
12 Months Ended
Sep. 30, 2017
Notes  
4. Investment in Unconsolidated Affiliate

4.  INVESTMENT IN UNCONSOLIDATED AFFILIATE

 

The Company has an investment in an equity method affiliate which has main businesses related to the production, sale, import and export of coffee & beans, tea & tea leaf, healthy foods and drinks.

 

The following table is a reconciliation of the Company's investment in equity affiliate as presented on the consolidated balance sheet as of September 30, 2017:

 

 

 

 

2017

 

Beginning of period

 

$

-

 

Additional investments in unconsolidated affiliate

 

$

50,000

 

Distributions received

 

$

-

 

Sale of investment in unconsolidated affiliate

 

$

-

 

Equity in net income (loss) of unconsolidated affiliate

 

$

(39,267

)

 

 

 

 

 

End of period

 

$

10,733