Equity Method Investments
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Mar. 31, 2013
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Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Method Investments |
NOTE 6 - Equity Method Investments. Our investment in BetaZone, our significant unconsolidated subsidiary, is accounted for using the equity method of accounting. Summarized financial information for our investment in Betazone assuming 100% ownership interest is as follows:
In 2011, when the Companys share of losses equaled the carrying value of its investment, the equity method of accounting was suspended, and no additional losses were charged to operations. The Companys unrecorded share of losses for the three months ended March 31, 2013 totaled $8,584.
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