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2. Summary of Significant Accounting Policies: Principles of Consolidation (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Principles of Consolidation

Principles of Consolidation

At December 31, 2016, the consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, the Golden Chest LLC Joint Venture (“GCJV”) and GF&H Company (“GF&H”); and its majority-owned subsidiary, the New Jersey Mill Joint Venture (“NJMJV”). During 2016, the Company acquired the remaining outstanding shares of GF&H.

 

At December 31, 2015, the consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, GCJV and its majority-owned subsidiaries, NJMJV and GF&H. During 2015, the Company acquired the remaining outstanding interest in GCJV.

 

Intercompany accounts and transactions are eliminated. The portion of entities owned by other investors is presented as non-controlling interests on the consolidated balance sheets and statements of operations.