The noncontrolling interest included in the Company’s condensed consolidated statements of financial condition as of September 30, 2021 and December 31, 2020 of $0.2 million and $0.1 million, respectively, is comprised of a 19% noncontrolling equity interest owned by an unaffiliated party in a restaurant in which the Company owns the remaining 81% of the equity interests. During the three and nine months ended September 30, 2021, the Company attributed ($14,000) and $0.1 million, respectively, of net (loss) income to the noncontrolling interest, while during the three and nine months ended September 30, 2020, the Company attributed $26,000 and $0.7 million, respectively, of net loss to the noncontrolling interest.

During the period from January 1, 2020 to September 22, 2020, the Company’s condensed consolidated financial statements included the results of operations and financial position of IT’SUGAR, a majority-owned subsidiary in which it held a controlling financial interest, and as a result, the Company was required to attribute net income or loss to a redeemable noncontrolling interest in IT’SUGAR during such periods. The net loss attributable to the redeemable noncontrolling interest in IT’SUGAR was $0.5 million for the period from July 1, 2020 to September 22, 2020 and $4.1 million for the period from January 1, 2020 to September 22, 2020. As a result of the filing of the Bankruptcy Cases by IT’SUGAR and its subsidiaries, the Company deconsolidated IT’SUGAR as of September 22, 2020 and derecognized the related redeemable noncontrolling interest in IT’SUGAR. However, as a result of IT’SUGAR emerging from the Bankruptcy Cases in June 2021 and the revesting of BBX Sweet Holdings’ equity interest in IT’SUGAR, the Company consolidated the results of IT’SUGAR into its consolidated financial statements as of June 17, 2021 and is again attributing net income or loss to the redeemable noncontrolling interest in IT’SUGAR as of and subsequent to that date. The net income attributable to the redeemable noncontrolling interest in IT’SUGAR was $0.1 million for the three months ended September 30, 2021 and $0.2 million for the period from the June 17, 2021 to September 30, 2021.