Annual report pursuant to Section 13 and 15(d)

Non-Controlling Interests

v3.22.1
Non-Controlling Interests
12 Months Ended
Dec. 31, 2021
Non-Controlling Interests  
Non-Controlling Interests

12. Non-Controlling Interests

Non-controlling interests in consolidated entities are as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

For the Year Ended

    

    

​

    

    

 

​

​

As of December 31, 2021

​

December 31, 2021

​

As of December 31, 2021

​

​

 

​

​

​

​

​

Net loss attributable to

​

Non-controlling interests

​

Non-controlling

 

($ in thousands)

    

NCI equity share

​

non-controlling interests

​

in consolidated entities

​

ownership

 

UR-1

​

$

(442)

​

$

(1,353)

​

$

(1,795)

 

34.5

%

Aevitas

​

​

(4,159)

​

 

(901)

​

 

(5,060)

 

45.9

%

Avenue 2

​

 

5,739

​

 

(2,909)

​

 

2,830

 

82.0

%

Baergic

​

 

(2,047)

​

 

(39)

​

 

(2,086)

 

39.0

%

Cellvation

​

 

(1,413)

​

 

(131)

​

 

(1,544)

 

21.7

%

Checkpoint 1

​

 

63,464

​

 

(39,226)

​

 

24,238

 

81.5

%

Coronado SO

​

 

(290)

​

 

—

​

 

(290)

 

13.0

%

Cyprium

​

 

(1,397)

​

 

(807)

​

 

(2,204)

 

29.8

%

Helocyte

​

 

(5,440)

​

 

(89)

​

 

(5,529)

 

18.3

%

JMC

​

 

23,150

​

 

(5,652)

​

 

17,498

 

41.6

%

Mustang 2

​

 

141,527

​

 

(48,518)

​

 

93,009

 

82.7

%

Oncogenuity

​

​

(627)

​

 

(497)

​

 

(1,124)

 

24.9

%

Tamid

​

 

(739)

​

 

(1)

​

 

(740)

 

22.8

%

Total

​

$

217,326

​

$

(100,123)

​

$

117,203

 

  

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

For the Year Ended

​

    

​

​

    

 

​

​

As of December 31, 2020

​

December 31, 2020

​

As of December 31, 2020

​

​

 

​

​

​

​

​

Net loss attributable to 

​

Non-controlling interests 

​

Non-controlling 

 

($ in thousands)

    

NCI equity share

    

non-controlling interests

    

 in consolidated entities

    

 ownership

 

UR-1

​

$

(7)

​

​

(27)

​

$

(34)

 

10.0

%

Aevitas

​

​

(2,370)

​

​

(823)

​

 

(3,193)

 

39.0

%

Avenue 2

​

 

5,800

​

​

(3,974)

​

 

1,826

 

77.4

%

Baergic

​

 

(1,662)

​

​

(97)

​

 

(1,759)

 

39.5

%

Cellvation

​

 

(1,089)

​

​

(182)

​

 

(1,271)

 

22.1

%

Checkpoint 1

​

 

41,704

​

​

(13,265)

​

 

28,439

 

80.4

%

Coronado SO

​

 

(290)

​

​

—

​

 

(290)

 

13.0

%

Cyprium

​

 

567

​

​

(1,478)

​

 

(911)

 

30.5

%

Helocyte

​

 

(4,986)

​

​

(259)

​

 

(5,245)

 

18.8

%

JMC

​

 

138

​

​

491

​

 

629

 

7.1

%

Mustang 2

​

 

116,060

​

​

(36,429)

​

 

79,631

 

80.9

%

Oncogenuity

​

​

(82)

​

​

(376)

​

 

(458)

 

25.3

%

Tamid

​

 

(663)

​

​

(40)

​

 

(703)

 

22.8

%

Total

​

$

153,120

​

$

(56,459)

​

$

96,661

 

​

​

​

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.