Equity Method Investments
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Dec. 31, 2013
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Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity Method Investments |
Our significant unconsolidated subsidiary that is accounted for using the equity method of accounting is our investment in BetaZone Laboratories LLC. In June 2013, the members of BetaZone, by unanimous written consent, adopted a plan of liquidation of BetaZone pursuant to which BetaZones assets were transferred to its members. BetaZone was liquidated in August 2013.
Summarized financial information for our investment in BetaZone Laboratories, LLC 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 2013 totaled $8,584. |