v3.7.0.1

THE CASTLE GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues
Managed property revenue	$ 6,425,769	$ 5,918,687	$ 13,006,984	$ 12,374,874
Other revenue	4,700	600	5,000	1,700
Total Revenues	6,430,469	5,919,287	13,011,984	12,376,574
Operating Expenses
Managed property expense	5,360,828	4,973,343	10,512,437	10,212,847
Administrative and general	921,884	808,765	2,096,821	1,735,760
Depreciation	54,858	59,578	112,850	121,570
Total Operating Expense	6,337,570	5,841,686	12,722,108	12,070,177
Operating Income	92,899	77,601	289,876	306,397
Income from equity method investment	9,714	14,000	22,714	28,000
Interest expense	(69,346)	(77,442)	(139,120)	(159,391)
Income before taxes	33,267	14,159	173,470	175,006
Income tax (expense)	(30,667)	2,203	(128,777)	(77,746)
Net Income	2,600	16,362	44,693	97,260
Change in unpaid cumulative dividends on convertible preferred stock	(20,719)	(20,719)	(41,438)	(41,438)
Net Income (Loss) applicable to Common Stockholders	$ (18,119)	$ (4,357)	$ 3,255	$ 55,822
Earnings per common share Basic	$ 0.00	$ 0.00	$ 0.00	$ 0.01
Earnings per common share Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.01
Weighted average common shares outstanding Basic	10,056,392	10,056,392	10,056,392	10,056,392
Weighted average common shares outstanding Diluted	10,056,392	10,056,392	10,056,392	10,056,392
Net Income	$ 2,600	$ 16,362	$ 44,693	$ 97,260
Other Comprehensive (Loss) Income
Foreign currency translation adjustment	11,598	(5,279)	4,290	(428)
Total Comprehensive Income	$ 14,198	$ 11,083	$ 48,983	$ 96,832

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831270

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831223

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e557-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=51831255

CASTLE GROUP INC 10-Q