7. Noncontrolling Interests

12 Months Ended

Dec. 31, 2014

Notes

7. Noncontrolling Interests

7.  NONCONTROLLING INTERESTS

The Company owns 100% of all subsidiaries, except for a small portion of one, which is owned by a Noncontrolling Interest.  At December 31, 2013, total Shareholders’ Equity was $25,631,000, and the Noncontrolling Interest was $122,000.  For the twelve month period ended December 31, 2014, the Noncontrolling Interest’s portion of Net Income was approximately $143,000, and their portion of Other Comprehensive Income was a loss of $9,000. During 2014 the subsidiary made a distribution of $145,000 to the Noncontrolling Interest. At December 31, 2014, total Shareholders’ Equity was $33,969,000, of which the Noncontrolling Interest held a value of $111,000.