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NONCONTROLLING INTEREST
6 Months Ended
Jun. 30, 2022
NONCONTROLLING INTEREST  
NOTE 18 - NON-CONTROLLING INTEREST

NOTE 18 - NON-CONTROLLING INTEREST

 

On July 28, 2016, the Company formed BioCorRx Pharmaceuticals, Inc., a Nevada Corporation, for the purpose of developing certain business lines. In connection with the formation, the, the newly formed sub issued 24.2% ownership to current or former officers of the Company with the Company retaining 75.8%. From inception through December 31, 2017, there were no significant transactions. In 2018, BioCorRx Pharmaceuticals, Inc. began operations.

 

A reconciliation of the BioCorRx Pharmaceuticals, Inc. non-controlling loss attributable to the Company:

 

Net loss attributable to the non-controlling interest for the three months ended June 30, 2022:

 

Net loss

 

$(7,257 )

Average Non-controlling interest percentage of profit/losses

 

 

24.2%

Net loss attributable to the non-controlling interest

 

$(1,756 )

 

Net loss attributable to the non-controlling interest for the six months ended June 30, 2022:

 

Net loss

 

$(9,533 )

Average Non-controlling interest percentage of profit/losses

 

 

24.2%

Net loss attributable to the non-controlling interest

 

$(2,307 )

 

The following table summarizes the changes in non-controlling interest for the six months ended June 30, 2022:

 

Balance, December 31, 2021

 

$(117,838 )

Net loss attributable to the non-controlling interest

 

 

(2,307 )

Balance, June 30, 2022

 

$(120,145 )

 

Net loss attributable to the non-controlling interest for the three months ended June 30, 2021:

 

Net loss

 

$(2,860 )

Average Non-controlling interest percentage of profit/losses

 

 

24.2%

Net loss attributable to the non-controlling interest

 

$(692 )

 

Net loss attributable to the non-controlling interest for the six months ended June 30, 2021:

 

Net loss

 

$(6,067 )

Average Non-controlling interest percentage of profit/losses

 

 

24.2%

Net loss attributable to the non-controlling interest

 

$(1,468 )

 

The following table summarizes the changes in non-controlling interest for the six months ended June 30, 2021:

 

Balance, December 31, 2020

 

$(115,454 )

Net loss attributable to the non-controlling interest

 

 

(1,468 )

Balance, June 30, 2021

 

$(116,922 )