INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES |
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Equity Method Investments and Joint Ventures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES |
NOTE 8 – INVESTMENTS IN UNCONSOLIDATED JOINT VENTURES
The Company has a non-controlling interest in several joint ventures, currently six primarily for licensing and operating PWS CoronaLux™ waste destruction units and one for development of hybrid scrubber systems. One joint venture had limited activity in 2017 while two joint ventures have limited their activity to formation only. No other operations have commenced. The following is summary information on the joint ventures that have had some activity in 2017 and 2016. The Company has no fixed commitment to fund any losses of the operating joint ventures and has no investment basis in any of the joint ventures therefore the Company has suspended the recognition of losses under the equity method of accounting.
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