Annual report pursuant to Section 13 and 15(d)

NOTE 11- NON-CONTROLLING INTEREST

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NOTE 11- NON-CONTROLLING INTEREST
12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
NOTE 11-NON-CONTROLLING INTEREST

 

NOTE 11- NON-CONTROLLING INTEREST

 

Effective September 29, 2014, in connection with the acquisition of Sigal Consulting LLC., the Company’s percentage of ownership in MariMed Advisors, Inc., its subsidiary, decreased from 100% to 51%. The acquisition resulted in an allocation of ownership interest valued at $(41,159) to the noncontrolling shareholders.

During December 31, 2014 year ended, $201,750 net loss are attributed to noncontrolling interest. On December 31, 2014, the noncontrolling interest is $ 242,909.