NONCONTROLLING INTEREST

12 Months Ended

Dec. 31, 2014

17. NONCONTROLLING INTEREST

As of December 31, 2014, the Group's non-controlling interest mainly included equity interests in Guangdong Taomee, Shanghai Xinsheng and Shanghai Jushou and equity awards granted as compensation by the Group's subsidiaries. The following schedule shows the effects of changes in the ownership interest of Taomee Holdings Limited in its subsidiaries on equity attributed to Taomee Holdings Limited for the years ended December 31, 2012, 2013 and 2014.

	December 31, 2012		December 31, 2013			December 31, 2014
	USD		USD			USD
Net income attributable to Taomee Holdings Limited	$	8,861,867	$	5,441,260		$	1,006,457
Transfers (to) from the noncontrolling interest
Decrease in Taomee Holdings Limited's additional paid-in capital for adjustment on noncontrolling interest due to change in ownership interest in Guangdong Taomee*		—		(77,135	)		(60,051	)
Increase in Taomee Holdings Limited's additional paid-in capital for adjustment on noncontrolling interest due to change in ownership interest in Shanghai Xinsheng*		—		—			13,421
Decrease in Taomee Holdings Limited's additional paid-in capital for adjustment on noncontrolling interest due to change in ownership interest in Shanghai Jushou*		—		—			(92,706	)

Change from net income attributable to Taomee Holdings Limited and transfers (to) from noncontrolling interests	$	8,861,867	$	5,364,125		$	867,121

*	The change in ownership interest is primarily due to the vesting of non-vested restricted shares by noncontrolling interest holders (Refer to Note 8).

- 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.

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