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5. Non-controlling Interests
6 Months Ended
Jun. 30, 2015
Notes  
5. Non-controlling Interests

5.  Non-Controlling Interests

 

Crescent’s non-controlling interest in NJMJV represents its investment in the Joint Venture less any losses associated with their share. Its investment changed as follows from December 31, 2014 to June 30, 2015:

 

 

Balance December 31, 2014

$

3,197,113

Depreciation charges

 

(34,867)

Balance June 30 2015

$

3,162,245

 

The non-controlling interest in GF and H represents the shareholders’ investment in the Joint Venture less any losses associated with their share. The non-controlling interest in GF and H was $50,000 at December 31, 2014 and June 30, 2015.