Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

14. Investment Properties (Details - Unobservable inputs)

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14. Investment Properties (Details - Unobservable inputs) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 33,829,902 $ 35,786,053 $ 37,407,083
Milano, Corso Europa 22 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value   $ 5,339,312 $ 5,565,238
Valuation technique   DCF DCF
Key Unobservable Inputs      
ERV   $475 per sq. meter $499 per sq. meter
Rental growth p.a.   0.975% to 1.5% 0.83% to 1.5%
Discount rate   4.96% 4.96%
Cap rate   4.30% 4.30%
Buccinasco, Via Lucania 2-4-6 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 18,982,736 $ 16,492,776 $ 17,396,117
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 96 per sq. meter $88 per sq. meter $91 per sq. meter
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 8.50% 8.56% 8.46%
Cap rate 7.50% 7.50% 7.40%
Buccinasco, Via Privata Mulino 24 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 1,130,068 $ 981,336 $ 1,096,759
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 213 per sq. meter $185 per sq. meter $192 per sq. meter
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 7.30% 7.36% 7.26%
Cap rate 6.90% 6.90% 6.80%
Buccinasco, Via Lazio 95 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 3,907,149 $ 3,703,752 $ 3,887,522
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 82 per sq. meter - warehouse, $117 per sq. meter - office $73 - $103 per sq. meter $75 - $106 per sq. meter
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 8.60% 8.66% 8.56%
Cap rate 7.50% 7.50% 7.40%
Buccinasco, Via Bruno Buozzi 22 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 180,330 $ 849,436 $ 879,579
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 117 per sq. meter $103 per sq. meter $106 per sq. meter
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 6.80% 6.86% 6.86%
Cap rate 5.60% 5.60% 5.60%
Buccinasco, Via Emilia 30 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 180,330 $ 162,501 $ 166,143
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 69 per sq. meter, $ 481 per parking space $61 per sq. meter, $422 per parking space $64 per sq. meter, $434 per parking space
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 8.70% 8.76% 8.66%
Cap rate 7.60% 7.60% 7.50%
Rozzano, Milanofiori, Building A5 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 2,789,103 $ 2,437,512 $ 2,454,134
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 153 per sq. meter - offices, $ 166 per sq. meter commercial area $ 166 per sq. meter commercial area $ 1,082 per parking space $135 per sq. meter, $950 per parking space $139 per sq. meter, $977 per parking space
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 6.80% 6.86% 6.86%
Cap rate 5.60% 5.60% 5.60%
Rozzano, Milanofiori, Building N1 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 3,847,039 $ 3,397,744 $ 3,464,021
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 84 - $ 153 per s. meter $74 - $135 per sq. meter $76 - $139 per sq. meter
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 6.80% 6.86% 6.86%
Cap rate 5.60% 5.60% 5.60%
Rozzano, Milanofiori, Building Q5 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 1,154,112 $ 1,018,268 $ 1,031,605
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 153 per sq. meter, $ 1,082 per parking space $135 per sq. meter, $950 per parking space $139 per sq. meter, $977 per parking space
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 6.80% 6.86% 6.86%
Cap rate 5.60% 5.60% 5.60%
Rozzano, Milanofiori, Building Q7 [Member]      
Disclosure of fair value measurement of assets [line items]      
Fair Value $ 1,659,035 $ 1,403,416 $ 1,465,965
Valuation technique DCF DCF DCF
Key Unobservable Inputs      
ERV $ 153 per sq. meter, $ 1,082 per parking space $135 per sq. meter, $950 per parking space $139 per sq. meter, $977 per parking space
Rental growth p.a. 0.83% to 1.50% 0.975% to 1.5% 0.83% to 1.5%
Discount rate 6.80% 6.86% 6.86%
Cap rate 5.60% 5.60% 5.60%