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NONCONTROLLING INTERESTS (Tables)

9 Months Ended

Sep. 30, 2022

Noncontrolling Interest [Abstract]

Schedule of Redeemable Noncontrolling Interest

A summary of the Company’s redeemable noncontrolling interests on its consolidated balance sheets is set forth below:

						September 30, 2022						December 31, 2021
			Redeemable noncontrolling interest - DaVinciRe			$	1,618,490					$	1,499,451
			Redeemable noncontrolling interest - Medici			964,687						856,820
			Redeemable noncontrolling interest - Vermeer			1,330,253						1,197,782
			Redeemable noncontrolling interest - Fontana			261,530						—
			Redeemable noncontrolling interests			$	4,174,960					$	3,554,053

A summary of the Company’s redeemable noncontrolling interests on its consolidated statements of operations is set forth below:

						Three months ended												Nine months ended
						September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
			Redeemable noncontrolling interest - DaVinciRe			$	(219,191)					$	(202,362)					$	(185,692)					$	(158,030)
			Redeemable noncontrolling interest - Medici			(107,461)						6,526						(139,635)						5,072
			Redeemable noncontrolling interest - Vermeer			(39,164)						(2,659)						2,471						21,157
			Redeemable noncontrolling interest - Fontana			(6,613)						—						(12,154)						—
			Net income (loss) attributable to redeemable noncontrolling interests			$	(372,429)					$	(198,495)					$	(335,010)					$	(131,801)

The activity in redeemable noncontrolling interest – DaVinciRe is detailed in the table below:

						Three months ended												Nine months ended
						September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
			Beginning balance			$	1,762,677					$	1,642,656					$	1,499,451					$	1,560,693
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			74,983						(637)						(86,586)						(157,863)
			Sale of shares to redeemable noncontrolling interests, net of adjustments			21						3,932						391,317						198,789
			Net income (loss) attributable to redeemable noncontrolling interest			(219,191)						(202,362)						(185,692)						(158,030)
			Ending balance			$	1,618,490					$	1,443,589					$	1,618,490					$	1,443,589

The activity in redeemable noncontrolling interest – Medici is detailed in the table below:

						Three months ended												Nine months ended
						September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
			Beginning balance			$	1,052,560					$	880,320					$	856,820					$	717,999
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			(2,522)						(22,921)						(99,634)						(30,666)
			Sale of shares to redeemable noncontrolling interests			22,110						20,000						347,136						191,520
			Net income (loss) attributable to redeemable noncontrolling interest			(107,461)						6,526						(139,635)						5,072
			Ending balance			$	964,687					$	883,925					$	964,687					$	883,925

The activity in redeemable noncontrolling interest – Vermeer is detailed in the table below:

						Three months ended												Nine months ended
						September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
			Beginning balance			$	1,269,417					$	1,133,443					$	1,197,782					$	1,109,627
			Sale of shares to redeemable noncontrolling interest			100,000						—						130,000						—
			Net income (loss) attributable to redeemable noncontrolling interest			(39,164)						(2,659)						2,471						21,157
			Ending balance			$	1,330,253					$	1,130,784					$	1,330,253					$	1,130,784

						Three months ended												Nine months ended
						September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
			Beginning balance			$	268,143					$	—					$	—					$	—
			Sale of shares to redeemable noncontrolling interest			—						—						273,684						—
			Net income (loss) attributable to redeemable noncontrolling interest			(6,613)						—						(12,154)						—
			Ending balance			$	261,530					$	—					$	261,530					$	—

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- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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