| Non-Controlling Interests |
13. Non-Controlling Interests
Non-controlling interests in consolidated entities are as follows:
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As of June 30, 2019
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Net loss attributable to
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Non-controlling interests
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Non-controlling
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($ in thousands)
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NCI equity share
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non-controlling interests
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in consolidated entities
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ownership
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Aevitas
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$
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(1,169)
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$
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(301)
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$
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(1,470)
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36.1
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%
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Avenue (2)
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23,900
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(13,172)
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10,728
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77.2
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%
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Cellvation
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(697)
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(90)
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(787)
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21.1
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%
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Checkpoint (1)
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12,042
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(7,069)
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4,973
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69.0
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%
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Coronado SO
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(290)
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—
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(290)
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13.0
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%
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Cyprium
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(292)
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(73)
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(365)
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10.6
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%
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Helocyte
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(4,136)
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(79)
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(4,215)
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19.3
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%
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JMC
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(223)
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83
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(140)
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6.9
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%
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Mustang (2)
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61,361
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(11,263)
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50,098
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70.1
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%
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Tamid
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(521)
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(65)
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(586)
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23.4
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%
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Total
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$
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89,975
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$
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(32,029)
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$
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57,946
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As of December 31, 2018
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Net loss attributable to
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Non-controlling interests
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Non-controlling
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($ in thousands)
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NCI equity share
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non-controlling interests
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in consolidated entities
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ownership
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Aevitas
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$
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(474)
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$
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(606)
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$
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(1,080)
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36.1
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%
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Avenue (2)
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13,326
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(13,735)
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(409)
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64.8
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%
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Caelum(3)
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(2,436)
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(2,413)
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(4,849)
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36.8
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%
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Cellvation
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(457)
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(185)
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(642)
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21.1
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%
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Checkpoint (1)
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31,648
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(23,470)
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8,178
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69.3
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%
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Coronado SO
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(290)
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—
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(290)
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13.0
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%
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Cyprium
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(210)
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(62)
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(272)
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10.8
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%
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Helocyte
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(3,372)
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(684)
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(4,056)
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19.8
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%
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JMC
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(475)
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245
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(230)
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6.9
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%
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Mustang (2)
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38,631
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(16,628)
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22,003
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60.5
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%
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Tamid
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(211)
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(251)
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(462)
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23.4
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%
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Total
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$
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75,680
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$
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(57,789)
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$
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17,891
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Note 1: Checkpoint is consolidated with Fortress’ operations because Fortress maintains voting control through its ownership of Checkpoint’s Class A Common Shares which provide super-majority voting rights.
Note 2: Avenue and Mustang are consolidated with Fortress’ operations because Fortress maintains voting control through its ownership of Preferred Class A Shares which provide super-majority voting rights.
Note 3: Effective January 30, 2019, Caelum ceased to be a controlled Fortress entity and as such is no longer consolidated.
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