Quarterly report pursuant to Section 13 or 15(d)

NOTE 10 - NON-CONTROLLING INTEREST

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NOTE 10 - NON-CONTROLLING INTEREST
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
NOTE 10 NON-CONTROLLING INTEREST

NOTE 10 - 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 the six months ended June 30, 2015, $184,948 net loss attributed to noncontrolling interest. On December 31, 2014 the noncontrolling interest is $(242,909).