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Inventory - Finished Property
6 Months Ended
Jun. 30, 2017
Inventory Disclosure [Abstract]  
Inventory - Finished Property

NOTE 5 - INVENTORY - FINISHED PROPERTY

 

Inventory – Finished Property 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 use our best efforts to sell the inventory to generate revenue in fiscal 2017. 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).