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NON CONTROLLING INTEREST

12 Months Ended

Aug. 31, 2013

Noncontrolling Interest [Abstract]

NON CONTROLLING INTEREST

NOTE 11 - NON CONTROLLING INTEREST

The remaining 30% ownership of Eco Ventures - Florida is recorded as Non-Controlling interest in the unaudited condensed consolidated financial statements.

A reconciliation of the non-controlling loss attributable to the Company:

Net loss Attributable to the Company and transfers (to) from non-controlling interest for the year ended August 31, 2013:


Net loss		$	1,431,842
Average Non-controlling interest percentage			30.0	%
Net loss attributable to the non-controlling interest		$	429,553

The following table summarizes the changes in Non-Controlling Interest from November 9, 2010 (date of inception) through August 31, 2013.


Balance, November 9, 2010 (date of inception)		$	-
Non-controlling interest portion of contributed capital			188,325
Net loss attributable to the non-controlling interest			(163,652	)
Balance, August 31, 2011			24,673

Net loss attributable to the non-controlling interest			(940,725	)
Balance, August 31, 2012		$	(916,052	)

Net loss attributable to the non-controlling interest			(429,553	)
Balance, May 31, 2103		$	(1,345,605	)

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.

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