CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Commission Income	$ 1,508,798	$ 1,396,438	$ 3,951,096	$ 3,751,774
Consulting Income	28,711	6,000	43,095	18,000
Website Advertising				667
Enrollment Fee Income	3,698	8,445	6,181	10,379
Total Revenues	1,541,207	1,410,883	4,000,372	3,780,820
Operating Expenses
Salaries	979,459	814,236	2,767,235	2,466,135
Travel Expenses	107,287	140,136	285,273	307,414
Rents	205,771	174,467	564,779	521,879
Bad Debt Expense (Recovery)	(3,038)	36,153	(7,654)	75,555
Depreciation And Amortization	46,602	38,041	130,964	116,731
Other General And Administrative	133,680	221,454	587,946	671,942
Impairment of Goodwill		414		222,524
Total Operating Expenses	1,469,761	1,424,901	4,328,543	4,382,180
Income (Loss) From Operations	71,446	(14,018)	(328,171)	(601,360)
Other Income (Expense)
Interest Income	811	2,759	2,534	19,093
Investment Income	4,129	3,917	16,200	15,029
Interest Expense	(871)	(343)	(1,642)	(977)
Other Revenues	14,447	8,640	110,332	50,839
Gain (Loss) On Disposal Of Fixed Assets				5,159
Total Other Income (Expense)	18,516	14,973	127,424	89,143
Income (Loss) Before Provision For Income Taxes	89,962	955	(200,747)	(512,217)
Provision For Income Taxes	33,870	18,616	65,337	49,506
Net Income (Loss)	56,092	(17,661)	(266,084)	(561,723)
Less: Net Income (Loss) Attributable To The Noncontrolling Interest	(59,370)	(41,881)	(116,042)	(102,090)
Net Income (Loss) Attributable To ALCO, Inc.	(3,278)	(59,542)	(382,126)	(663,813)
Other Comprehensive Income (Loss)
Unrealized Gain (Loss) On Marketable Securities	(66,811)	4,687	(86,174)	(22,452)
Foreign Currency Translation Adjustments	(77,633)	(14,704)	(100,605)	(8,239)
Comprehensive Income (Loss)	(88,352)	(27,678)	(452,863)	(592,414)
Less: Comprehensive Income (Loss) Attributable To Non-Controlling Interest	(46,984)	(41,881)	(99,664)	(101,364)
Comprehensive Income (Loss) Attributable To ALCO. Inc.	$ (135,336)	$ (69,559)	$ (552,527)	$ (693,778)
Basic And Fully Diluted Earnings Per Share	$ 0.00	$ (0.01)	$ (0.04)	$ (0.06)
Weighted Average Shares Outstanding	10,336,000	10,336,000	10,336,000	10,336,000

ALCO, INC. 10-Q