Quarterly report pursuant to Section 13 or 15(d)

Non-controlling Interest

Non-controlling Interest
3 Months Ended
Mar. 31, 2016
Noncontrolling Interest [Abstract]  
Noncontrolling Interest Disclosure [Text Block]
8. Non-controlling Interest
The Company’s non-controlling interest is accounted for under ASC 810, Consolidation (“ASC 810”) and represents the minority shareholder’s ownership interest related to the Company’s subsidiary, Synthetic Biomics, Inc. (“SYN Biomics”). In accordance with ASC 810, the Company reports its non-controlling interest in subsidiaries as a separate component of equity in the Consolidated Balance Sheets and reports both net loss attributable to the non-controlling interest and net loss attributable to the Company’s common shareholders on the face of the Consolidated Statements of Operations. The Company’s equity interest in SYN Biomics is 88.5% and the non-controlling stockholder’s interest is 11.5%. For the three months ended March 31, 2016, the accumulated net loss attributable to the non-controlling interest was $233,000.