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NON CONTROLLING INTEREST
9 Months Ended
May 31, 2014
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 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 nine months ended May 31, 2014:

 

Net loss   $ -  
         
Average Non-controlling interest percentage     30.0 %
         
Net loss attributable to the non-controlling interest   $ -  

 

The following table summarizes the changes in Non-Controlling Interest from November 9, 2010 (date of inception) through May 31, 2014.

 

       
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     (461,505 )
Balance,  August 31, 2013   $ (1,377,557 )
Net loss attributable to the non-controlling interest     -  
Balance,  May 31, 2014   $ (1,377,557 )