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1. The Company and Significant Accounting Policies: Principles of Consolidation (Policies)
3 Months Ended
Mar. 31, 2017
Policies  
Principles of Consolidation

Principles of Consolidation

At March 31, 2017 and December 31, 2016, the consolidated balance sheet includes the accounts of the Company and its majority-owned subsidiary, the New Jersey Mill Joint Venture (“NJMJV”). The consolidated statements of operations and cash flows for the period ended March 31, 2017 includes the same companies. The consolidated statements of operations and cash flows for the period ended March 31, 2016 also includes the Company’s majority-owned subsidiary, GF&H Company. The Company acquired the remaining outstanding shares of GF&H Company in the third quarter 2016 and subsequently dissolved the company.

 

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.