CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Commission Income	$ 1,211,025	$ 1,206,502	$ 2,442,298	$ 2,355,336
Consulting Income	6,006	6,000	14,384	12,000
Website Advertising				667
Enrollment Fee Income	274	543	2,483	1,934
Total Revenues	1,217,305	1,213,045	2,459,165	2,369,937
Operating Expenses
Salaries	860,980	875,865	1,787,776	1,651,899
Travel Expenses	98,313	110,504	177,986	167,278
Rents	187,438	173,819	359,008	347,412
Bad Debt Expense (Recovery)	(18,237)	29,752	(4,616)	39,402
Depreciation And Amortization	43,453	39,174	84,362	78,690
Other General And Administrative	257,944	248,306	454,266	450,488
Impairment of Goodwill		222,110		222,110
Total Operating Expenses	1,429,891	1,699,530	2,858,782	2,957,279
Income (Loss) From Operations	(212,586)	(486,485)	(399,617)	(587,342)
Other Income (Expense)
Interest Income	945	4,658	1,723	16,334
Investment Income	4,086	3,879	12,071	11,112
Interest Expense	(484)	(634)	(771)	(634)
Other Revenues	67,202	28,333	95,885	42,192
Gain (Loss) On Disposal Of Fixed Assets		9,070		5,166
Total Other Income (Expense)	71,749	45,306	108,908	74,170
Income (Loss) Before Provision For Income Taxes	(140,837)	(441,179)	(290,709)	(513,172)
Provision For Income Taxes	21,660	15,951	31,467	30,890
Net Income (Loss)	(162,497)	(457,130)	(322,176)	(544,062)
Less: Net Income (Loss) Attributable To The Noncontrolling Interest	(42,209)	(35,122)	(56,672)	(60,209)
Net Income (Loss) Attributable To ALCO, Inc.	(204,706)	(492,252)	(378,848)	(604,271)
Other Comprehensive Income (Loss)
Unrealized Gain (Loss) On Marketable Securities	18,496	367	(19,363)	(27,139)
Foreign Currency Translation Adjustments	22,572	3,685	(22,972)	6,465
Comprehensive Income (Loss)	(121,429)	(453,078)	(364,511)	(564,736)
Less: Comprehensive Income (Loss) Attributable To Non-Controlling Interest	(46,302)	(35,122)	(52,680)	(63,340)
Comprehensive Income (Loss) Attributable To ALCO. Inc.	$ (167,731)	$ (488,200)	$ (417,191)	$ (628,076)
Basic And Fully Diluted Earnings Per Share	$ (0.02)	$ (0.05)	$ (0.04)	$ (0.06)
Weighted Average Shares Outstanding	10,336,000	10,336,000	10,336,000	10,336,000

ALCO, INC. 10-Q