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NONCONTROLLING INTERESTS (Tables)
3 Months Ended
Mar. 31, 2023
Noncontrolling Interest [Abstract]  
Schedule of Redeemable Noncontrolling Interest
A summary of the Company’s redeemable noncontrolling interests on its consolidated balance sheets is set forth below:
March 31,
2023
December 31,
2022
Redeemable noncontrolling interest - DaVinci$2,234,541 $1,740,300 
Redeemable noncontrolling interest - Medici
1,307,741 1,036,218 
Redeemable noncontrolling interest - Vermeer
1,538,245 1,490,840 
Redeemable noncontrolling interest - Fontana
276,859 268,031 
Redeemable noncontrolling interests$5,357,386 $4,535,389 
A summary of the Company’s redeemable noncontrolling interests on its consolidated statements of operations is set forth below:
Three months ended
March 31,
2023
March 31,
2022
Redeemable noncontrolling interest - DaVinci$166,082 $(25,323)
Redeemable noncontrolling interest - Medici
45,069 (5,287)
Redeemable noncontrolling interest - Vermeer47,405 18,698 
Redeemable noncontrolling interest - Fontana
8,828 — 
Net income (loss) attributable to redeemable noncontrolling interests$267,384 $(11,912)
The activity in redeemable noncontrolling interest – DaVinci is detailed in the table below:
Three months ended
March 31,
2023
March 31,
2022
Beginning balance$1,740,300 $1,499,451 
Redemption of shares from redeemable noncontrolling interests(50,175)(87,428)
Sale of shares to redeemable noncontrolling interests, net of adjustments378,334 388,803 
Net income (loss) attributable to redeemable noncontrolling interest166,082 (25,323)
Ending balance$2,234,541 $1,775,503 
The activity in redeemable noncontrolling interest – Medici is detailed in the table below:
Three months ended
March 31,
2023
March 31,
2022
Beginning balance$1,036,218 $856,820 
Redemption of shares from redeemable noncontrolling interests, net of adjustments(17,648)(76,908)
Sale of shares to redeemable noncontrolling interests
244,102 167,287 
Net income (loss) attributable to redeemable noncontrolling interest45,069 (5,287)
Ending balance$1,307,741 $941,912 
The activity in redeemable noncontrolling interest – Vermeer is detailed in the table below:
Three months ended
March 31,
2023
March 31,
2022
Beginning balance$1,490,840 $1,197,782 
Sale of shares to redeemable noncontrolling interest
— 30,000 
Net income (loss) attributable to redeemable noncontrolling interest47,405 18,698 
Ending balance$1,538,245 $1,246,480 
The activity in redeemable noncontrolling interest – Fontana is detailed in the table below:
Three months ended
March 31,
2023
March 31,
2022
Beginning balance$268,031 $— 
Sale of shares to redeemable noncontrolling interest
— — 
Net income (loss) attributable to redeemable noncontrolling interest8,828 — 
Ending balance$276,859 $—