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Inventory - Finished Property
3 Months Ended
Mar. 31, 2017
Inventory Disclosure [Abstract]  
Inventory - Finished Property

NOTE 5 - INVENTORY - FINISHED PROPERTY

 

It represents properties which were acquired directly or through foreclosure for which a committed plan to sell exists and an active program to market such properties has been initiated. We planned to sell the inventory to generate revenue in the fiscal 2017 at the Company’s best effort. Inventory is stated at cost unless the inventory is determined to be impaired in which case the impaired inventory is written down to fair value. (see Note 2)