Purchase Price Allocation - Hotel Kranichhohe (Tables)

12 Months Ended

Dec. 31, 2016

Purchase Price Allocation.

Schedule of allocation of fair value of all acquired assets

	Fair Value		Fair Value
	Estimate at		Estimate at
	Acquisition		Acquisition
Purchase Price Allocation	Date		Date
Cash	€	900	$	957
Kreissparkasse Köln Loan		4,000		4,251
Total purchase price consideration		4,900		5,208
Gain		117		124
Total	€	5,017	$	5,332
Fair value assigned to assets acquired:
Land	€	1,686	$	1,792
Buildings		2,360		2,508
Property & equipment		465		494
Inventory and receivables		506		538
Net Assets	€	5,017	$	5,332

Schedule of unaudited pro forma results of operations

	Year Ended December 31,
		2016		2015
REVENUES	$	57,555	$	46,859
NET INCOME	$	6,772	$	3,684
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic		8,838,984		8,822,488
Diluted		9,498,578		9,259,553
EARNINGS PER COMMON SHARE:
Basic	$	0.77	$	0.42
Diluted	$	0.71	$	0.40