Non-controlling interest

12 Months Ended

Dec. 31, 2014

Noncontrolling Interest Disclosure [Text Block]

Note 10. Non–controlling interest

The Company has the following non–controlling interest:

					MGT
	MGT Gaming		FanTD		Interactive		M2P Americas		Total
Non–controlling interest at January 1, 2013		768		–		–		–		768
Fair value of non-controlling interest of FanTD (Note 4)				1,882						1,882
Investment in MGT Interactive						191				191
Non–controlling share of net losses		(183)		(451)		(95)		(5)		(734)
Non–controlling interest at December 31, 2013	$	585	$	1,431	$	96	$	(5)	$	2,107
Acquisition of non–controlling interest in FanTD				(1,230)						(1,230)
Non–controlling share of losses		(215)		(201)		(4)		(15)		(435)
Non–controlling interest at December 31, 2014	$	370	$	–	$	92	$	(20)	$	442

FanTD

On February 10, 2014, the Company and MGT Sports entered into a Separation Agreement and Release (“Separation Agreement”) with an employee and original founder of FanTD (the “Founder”). As part of the agreement the Company entered into an Exchange Agreement which provided for the transfer of approximately 5% interest in FanTD, in exchange for 52,500 shares of the Company’s Common stock. The exchange was subject to the NYSE MKT’s approval of the listing of the additional shares, which was obtained on April 4, 2014. At the date of approval, the stock was valued at $103 or $1.96 per share. As a result of this transaction $266 was transferred out of the non–controlling interest into stockholders’ equity.

On September 9, 2014 the Company acquired approximately 16% interest in FanTD for cash consideration of $7, as a result $885 was transferred out of the non–controlling interest into stockholders’ equity.

On December 31, 2014 the Company acquired approximately 16% interest in FanTD, which represented the remaining non–controlling interest, for cash consideration of $4, resulting in a transfer of $79 out of the non–controlling interest into stockholders’ equity.

- 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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