The Company owns 19% interest in BlackBox Semiconductor, Inc., a publicly traded company and uses the equity method of
accounting for this investment, as management has determined that the Company has the ability to influence the operating and
financial decisions of BlackBox. Under this method, the Company recognizes earnings and losses of BlackBox in its financial
statements and adjusts the carrying amount of its investment in BlackBox accordingly. The Company’s share of earnings and losses
are based on the shares of common stock and in-substance common stock of BlackBox held by the Company. Any intra-entity profits
and losses are eliminated.
I'm going to make my world a better place.