| Schedule of Non-Controlling Interests in Consolidated Entities |
Non-controlling interests in consolidated entities are as follows:
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For the Six Months Ended |
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June 30, 2023 |
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As of June 30, 2023 |
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Net loss attributable to |
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Non-controlling interests |
|
Non-controlling |
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($ in thousands) |
non-controlling interests |
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in consolidated entities |
|
ownership |
|
Urica |
$ |
(1,301) |
|
$ |
(4,806) |
|
34.5 |
% |
Avenue2 |
|
(9,860) |
|
|
(4,981) |
|
89.4 |
% |
Cellvation |
|
(47) |
|
|
(1,926) |
|
21.3 |
% |
Checkpoint1 |
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(21,978) |
|
|
(20,204) |
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86.8 |
% |
Coronado SO |
|
— |
|
|
(290) |
|
13.0 |
% |
Cyprium |
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(741) |
|
|
(4,742) |
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28.3 |
% |
Helocyte |
|
33 |
|
|
(5,911) |
|
17.5 |
% |
JMC1 |
|
(8,104) |
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|
19 |
|
45.1 |
% |
Mustang2 |
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(26,127) |
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|
10,848 |
|
79.1 |
% |
Oncogenuity |
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(8) |
|
|
(1,665) |
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27.0 |
% |
Tamid |
|
— |
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|
(794) |
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22.8 |
% |
Total |
$ |
(68,133) |
|
$ |
(34,452) |
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For the Year Ended |
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December 31, 2022 |
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As of December 31, 2022 |
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Net loss attributable to |
|
Non-controlling interests |
|
Non-controlling |
|
($ in thousands) |
non-controlling interests |
|
in consolidated entities |
|
ownership |
|
Urica |
$ |
(1,251) |
|
$ |
(3,908) |
|
34.5 |
% |
Aevitas4 |
|
(425) |
|
|
(5,753) |
|
45.9 |
% |
Avenue2 |
|
(2,355) |
|
|
3,054 |
|
82.0 |
% |
Baergic3 |
|
(113) |
|
|
— |
|
39.0 |
% |
Cellvation |
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(102) |
|
|
(1,791) |
|
21.7 |
% |
Checkpoint1 |
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(48,406) |
|
|
(16,008) |
|
81.5 |
% |
Coronado SO |
|
— |
|
|
(291) |
|
13.0 |
% |
Cyprium |
|
(1,173) |
|
|
(3,817) |
|
29.8 |
% |
Helocyte |
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(122) |
|
|
(5,900) |
|
18.3 |
% |
JMC1 |
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(12,458) |
|
|
7,429 |
|
41.6 |
% |
Mustang2 |
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(60,821) |
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|
37,640 |
|
82.7 |
% |
Oncogenuity |
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(111) |
|
|
(1,575) |
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24.9 |
% |
Tamid |
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(1) |
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(776) |
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22.8 |
% |
Total |
$ |
(127,338) |
|
$ |
8,304 |
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Note 1: |
Checkpoint and JMC are consolidated with Fortress’ operations because Fortress maintains voting control through its ownership of 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 Class A Preferred Shares which provide super-majority voting rights. |
Note 3: Fortress’ ownership in Baergic was transferred to Avenue as of November 7, 2022 (see Note 15).
Note 4: Effective April 21, 2023, Aevitas ceased to be a controlled Fortress entity and as such is no longer consolidated (see Note 3).
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