XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.2

NONCONTROLLING INTERESTS (Tables)

6 Months Ended

Jun. 30, 2025

Noncontrolling Interest [Abstract]

Schedule of Redeemable Noncontrolling Interests

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

						At June 30, 2025						At December 31, 2024
			Redeemable noncontrolling interest - DaVinci			$	3,210,791					$	3,061,708
			Redeemable noncontrolling interest - Medici			1,532,990						1,646,745
			Redeemable noncontrolling interest - Vermeer			1,750,202						1,799,857
			Redeemable noncontrolling interest - Fontana			549,124						469,439
			Redeemable noncontrolling interests			$	7,043,107					$	6,977,749

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

						Three months ended												Six months ended
						June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
			Redeemable noncontrolling interest - DaVinci			$	218,453					$	152,511					$	106,012					$	300,524
			Redeemable noncontrolling interest - Medici			38,993						13,249						54,156						59,518
			Redeemable noncontrolling interest - Vermeer			57,425						56,624						(49,655)						109,595
			Redeemable noncontrolling interest - Fontana			13,468						2,347						22,574						(79)
			Net income (loss) attributable to redeemable noncontrolling interests			$	328,339					$	224,731					$	133,087					$	469,558

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

						Three months ended												Six months ended
						June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
			Beginning balance			$	2,992,338					$	2,634,555					$	3,061,708					$	2,541,482
			Redemption of shares from redeemable noncontrolling interests			—						(26,147)						(26,929)						(381,849)
			Sale of shares to redeemable noncontrolling interests, net of adjustments			—						(755)						70,000						300,007
			Net income (loss) attributable to redeemable noncontrolling interest			218,453						152,511						106,012						300,524
			Ending balance			$	3,210,791					$	2,760,164					$	3,210,791					$	2,760,164

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

						Three months ended												Six months ended
						June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
			Beginning balance			$	1,469,402					$	1,778,763					$	1,646,745					$	1,650,229
			Redemption of shares from redeemable noncontrolling interests, net of adjustments			(56,734)						(181,983)						(295,529)						(227,550)
			Sale of shares to redeemable noncontrolling interests			81,329						21,479						142,932						167,721
			Net income (loss) attributable to redeemable noncontrolling interest			38,993						13,249						54,156						59,518
			Dividends on common shares			—						—						(15,314)						(18,410)
			Ending balance			$	1,532,990					$	1,631,508					$	1,532,990					$	1,631,508

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

						Three months ended												Six months ended
						June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
			Beginning balance			$	1,692,777					$	1,433,268					$	1,799,857					$	1,555,297
			Dividends on common shares			—						—						—						(175,000)
			Net income (loss) attributable to redeemable noncontrolling interest			57,425						56,624						(49,655)						109,595
			Ending balance			$	1,750,202					$	1,489,892					$	1,750,202					$	1,489,892

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

						Three months ended												Six months ended
						June 30, 2025						June 30, 2024						June 30, 2025						June 30, 2024
			Beginning balance			$	535,656					$	451,397					$	469,439					$	353,823
			Redemption of capital from redeemable noncontrolling interest			—						—						(72,044)						—
			Contribution of capital by redeemable noncontrolling interest			—						—						129,155						100,000
			Net income (loss) attributable to redeemable noncontrolling interest			13,468						2,347						22,574						(79)
			Ending balance			$	549,124					$	453,744					$	549,124					$	453,744

X

- References

No definition available.

+ Details

Name:	us-gaap_NoncontrollingInterestAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3A
-Subparagraph (24)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A

+ Details

Name:	us-gaap_RedeemableNoncontrollingInterestTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration