Non-Controlling Interest

12 Months Ended

Dec. 31, 2014

Note 11. Non-Controlling Interest

All non-controlling interest of the Company is a result of the Company's subsidiaries stock movement and results of operations. Cumulative results of these activities results in:

	December 31, 2014			December 31, 2013

Common stock for cash	$	1,999,501		$	1,999,501
Common stock for services		95,215			95,215
Exploration expenses paid for in subsidiary common stock		240,000			240,000
Stock based compensation		1,374,880			1,374,880
Cumulative net loss attributable to non-controlling interest		(25,695	)		(15,815	)
Treasury stock		(500,000	)		(500,000	)
Tara Gold equity		5,706,096			-
Other		6			6
Total non-controlling interest	$	8,890,003		$	3,193,787

A summary of activity as of December 31, 2014 and changes during the period then ended is presented below:

Non-controlling interest at December 31, 2013	$	3,193,787
Tara Gold equity		5,706,096
Non-controlling interest at December 31, 2014		8,899,883
Net loss attributable to non-controlling interest		(9,880	)
Non-controlling interest at December 31, 2014	$	8,890,003

As of December 31, 2014, the Company was deconsolidated from Tara Gold who also divested its interested in its Mexican subsidiary Amermin. At December 31, 2014, the Company considered Tara Gold a VIE as defined in Note 1 above and has consolidated the related standalone financial statement of Tara Gold within the 2014 financial results. Because there is no direct investment by the Company into Tara Gold, all of Tara Gold's equity, including its historical accumulated deficit has been treated as non-controlling interest.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References+ Details

FIRMA HOLDINGS CORP. 10-K