v3.7.0.1

THE CASTLE GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows from Operating Activities
Net Income	$ 44,693	$ 97,260
Depreciation	112,850	121,570
Recovery of bad debt	(72,128)	(227,689)
Non cash interest expense	93,000	100,020
Income from equity method investment	(22,714)	(28,000)
Distribution from equity method investment	11,725	10,675
Deferred taxes	128,777	66,104
(Increase) decrease in Accounts receivable	(30,799)	20,584
(Increase) decrease in Other current assets	(161,422)	(259,919)
(Increase) decrease in Notes receivable	73,837	229,217
Increase (decrease) in Deposits and other assets	6,069	9,908
Increase (decrease) in Accounts payable	(95,275)	(44,365)
Increase (decrease) in Deposits payable	590,399	9,968
Net Cash Provided by Operating Activities	679,012	105,333
Cash Flows from Investing Activities
Construction in progress-Podium	(202,905)	0
Purchase of fixed assets	(58,877)	(41,793)
Net Cash Used in Investing Activities	(261,782)	(41,793)
Cash Flows from Financing Activities
Payments on notes to related parties	(18,488)	(16,735)
Payments on notes	(266,553)	(403,322)
Net Cash Used in Financing Activities	(285,041)	(420,057)
Effect of foreign currency exchange rate on changes in cash	37,926	23,188
Net Change in Cash	170,115	(333,329)
Beginning Balance	2,775,956	2,370,557
Ending Balance	2,946,071	2,037,228
Supplementary Information
Cash Paid for Interest	46,120	59,371
Cash Paid for Income Taxes	$ 0	$ 11,642

Amount of recovery of loans and lease receivables which had previously been fully or partially written-off as bad debts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)(4)
-URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524

CASTLE GROUP INC 10-Q