v3.26.1
Non-controlling Interest
3 Months Ended
Mar. 31, 2026
Noncontrolling Interest [Abstract]  
Non-controlling Interest

Note O – Non-controlling Interest

 

Non-controlling interest recorded in our condensed consolidated financial statements as of March 31, 2026 and December 31, 2025, relates to the following approximate interests in certain consolidated subsidiaries, which we do not own.

 

 

March 31, 2026

 

 

December 31, 2025

 

SaponiQx, Inc.

 

 

30

%

 

 

30

%

Changes in non-controlling interest for the periods ended March 31, 2026 and December 31, 2025, were as follows (in thousands):

 

 

March 31, 2026

 

 

December 31, 2025

 

Beginning balance

 

$

(6,750

)

 

$

19,956

 

 

 

 

 

 

 

 

Net loss attributable to non-controlling interest

 

 

(20

)

 

 

(3,198

)

 

 

 

 

 

 

 

Other items:

 

 

 

 

 

 

Deconsolidation of a subsidiary

 

 

 

 

 

(25,037

)

Issuance of subsidiary shares for services

 

 

 

 

 

22

 

Issuance of subsidiary shares for employee stock purchase plan and exercise of options

 

 

 

 

 

1

 

Subsidiary share-based compensation

 

 

8

 

 

 

1,506

 

Total other items

 

 

8

 

 

 

(23,508

)

 

 

 

 

 

 

 

Ending balance

 

$

(6,762

)

 

$

(6,750

)

Deconsolidation of a subsidiary

In 2025, we deconsolidated MiNK and derecognized the associated non-controlling interest balance.