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4. Non-controlling Interests
9 Months Ended
Sep. 30, 2016
Notes  
4. Non-controlling Interests

4.  Non-Controlling Interests

 

Non-controlling interests include Crescent’s interest in NJMJV (Note 4) and other shareholders in GF&H Company of which the Company owned 66 2/3% until August 2016 at which time the Company acquired the outstanding shares in GF&H and dissolved GF&H. These interests changed as follows from December 31, 2015 to September 30, 2016:

 

 

 

 

NJMJV

 

GF&H

 

TOTAL

Balance December 31, 2015

$

3,145,585

$

61,655

$

3,207,240

Contribution from non-controlling interest

 

1,856

 

 

 

1,856

Net income attributable to non-controlling interest

 

 

 

23,311

 

23,311

   Non-controlling interest purchased by the Company (Note 14)

 

 

 

(84,966)

 

(84,966)

Balance September 30, 2016

$

3,147,441

$

 

$

3,147,441

 

 

The Company purchased the outstanding shares of GF&H Company in the third quarter of 2016 and GF&H company was dissolved. See (Note 14).