Non-Controlling Interests (Tables)

6 Months Ended

Jun. 30, 2022

Non-Controlling Interests

Schedule of Non-Controlling Interests in Consolidated Entities

Non-controlling interests in consolidated entities are as follows:

	For the Six Months Ended
	June 30, 2022		As of June 30, 2022
	Net loss attributable to		Non-controlling interests		Non-controlling
($ in thousands)	non-controlling interests		in consolidated entities		ownership
UR-1	$	(482)	$	(664)	34.5	%
Aevitas		(341)		(5,555)	45.9	%
Avenue 2		(2,576)		495	82.8	%
Baergic		(136)		(2,267)	39.0	%
Cellvation		(110)		(1,691)	21.7	%
Checkpoint 1		(25,007)		6,009	80.5	%
Coronado SO		—		(290)	13.0	%
Cyprium		(421)		(2,803)	29.0	%
Helocyte		(184)		(5,655)	17.9	%
JMC		(3,302)		17,723	50.9	%
Mustang 2		(33,580)		67,212	82.0	%
Oncogenuity		(139)		(1,277)	24.5	%
Tamid		(14)		(758)	22.8	%
Total	$	(66,292)	$	70,479

	For the Year Ended
	December 31, 2021		As of December 31, 2021
	Net loss attributable to		Non-controlling interests		Non-controlling
($ in thousands)	non-controlling interests		in consolidated entities		ownership
UR-1		(1,353)	$	(1,795)	34.5	%
Aevitas		(901)		(5,060)	45.9	%
Avenue 2		(2,909)		2,830	82.0	%
Baergic		(39)		(2,086)	39.0	%
Cellvation		(131)		(1,544)	21.7	%
Checkpoint 1		(39,226)		24,238	81.5	%
Coronado SO		—		(290)	13.0	%
Cyprium		(807)		(2,204)	29.8	%
Helocyte		(89)		(5,529)	18.3	%
JMC		(5,652)		17,498	41.6	%
Mustang 2		(48,518)		93,009	82.7	%
Oncogenuity		(497)		(1,124)	24.9	%
Tamid		(1)		(740)	22.8	%
Total	$	(100,123)	$	117,203

Note 1: Checkpoint is consolidated with Fortress’ operations because Fortress maintains voting control through its ownership of Checkpoint’s Class A Common Shares which provide super-majority voting rights.

Note 2: Avenue and Mustang are consolidated with Fortress’ operations because Fortress maintains voting control through its ownership of Preferred Class A Shares which provide super-majority voting rights.