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 nine months ended September 30, 2016, $182,768 of net income was attributed to noncontrolling interest. On September 30, 2016 the noncontrolling interest is $272,973.

During the nine months ended September 30, 2015, $123,674 of net loss was attributed to noncontrolling interest. On December 31, 2015 the noncontrolling interest is $54,109.