Quarterly report pursuant to Section 13 or 15(d)

NON-CONTROLLING INTEREST

v3.10.0.1
NON-CONTROLLING INTEREST
9 Months Ended
Sep. 30, 2018
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTEREST

NOTE 10 — NON-CONTROLLING INTEREST

 

A reconciliation of The B.A.C.K. Center non-controlling income attributable to the Company:

 

Net income attributable to non-controlling interest for the three months ended September 30, 2018:

 

Net income   $ 29,323  
Average Non-controlling interest percentage of profit/losses     -0- %
Net income attributable to the non-controlling interest   $ -0-  

 

Net income attributable to non-controlling interest for the three months ended September 30, 2017:

 

Net income   $ 192,667  
Average Non-controlling interest percentage of profit/losses     -0- %
Net income attributable to the non-controlling interest   $ -0-  

 

Net income attributable to non-controlling interest for the nine months ended September 30, 2018:

 

Net income   $ 1,186,839  
Average Non-controlling interest percentage of profit/losses     -0- %
Net income attributable to the non-controlling interest   $ -0-  

 

Net income attributable to non-controlling interest for the nine months ended September 30, 2017:

 

Net income   $ 482,046  
Average Non-controlling interest percentage of profit/losses     -0- %
Net income attributable to the non-controlling interest   $ -0-  

 

The following table summarizes the changes in non-controlling interest for the nine months ended September 30, 2018:

 

Balance, December 31, 2017   $ (138,686 )
Transfer (to) from the non-controlling interest as a result of change in ownership      
Net income attributable to the non-controlling interest      
Balance, September 30, 2018   $ (138,686 )

 

A reconciliation of the Crane Creek non-controlling income attributable to the Company:

 

Net income attributable to the non-controlling interest for the three months ended September 30, 2018:

 

Net income   $ 282,492  
Average Non-controlling interest percentage of profit/losses     35 %
Net income/loss attributable to the non-controlling interest   $ 98,872  

 

Net loss attributable to non-controlling interest for the three months ended September 30, 2017:

 

Net loss   $ (462,310 )
Average Non-controlling interest percentage of profit/losses     60 %
Net income/loss attributable to the non-controlling interest   $ (277,386, )

 

Net income attributable to the non-controlling interest for nine months ended September 30, 2018:

 

Net income   $ 441,796  
Average Non-controlling interest percentage of profit/losses     35 %
Net income/loss attributable to the non-controlling interest   $ 154,629  

 

Net loss attributable to non-controlling interest for the nine months ended September 30, 2017:

 

Net income   $ (693,443 )
Average Non-controlling interest percentage of profit/losses     60 %
Net income/loss attributable to the non-controlling interest   $ (416,066 )

 

The following table summarizes the changes in non-controlling interest for the nine months ended September 30, 2018:

 

Balance, December 31, 2017   $ 649,468  
Transfer (to) from the non-controlling interest as a result of change in ownership     (270,611 )
Net income attributable to the non-controlling interest     155,803  
Balance, September 30, 2018   $ 534,660  

 

Effective January 1, 2018, the Company acquired a 25% interest in Crane Creek for a purchase price of $400,000. The excess payment of $129,389 over book value of $270,611 was adjusted to the Company’s additional paid in capital.