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OdorStar
12 Months Ended
Dec. 31, 2014
OdorStar Joint Venture [Abstract]  
OdorStar Joint Venture:

Note 4 – OdorStar:

 

In 2010, the Company and BBL Distributors, LLC (“BBL”) organized OdorStar. OdorStar owns patents relating to a device for producing chlorine dioxide, which is incorporated in the Company's disinfectant, sanitizer and deodorizer products manufactured and marketed under the Star brite® and Performacide® brand names.

 

OdorStar operated as a joint venture until September 16, 2014, when the Company acquired BBL’s membership interest, at which time OdorStar became a wholly-owned subsidiary of the Company. In connection with the Company’s acquisition of BBL's membership interest, BBL and its affiliates released any rights they may have to the Performacide® trade name. The Company paid BBL $150,000 and released BBL from indebtedness of $305,905 claimed by the Company.

 

Prior to the acquisition, the Company was the managing member of OdorStar and included OdorStar in its consolidated financial statements. The Company and BBL shared equally in profits or losses from OdorStar. The Company’s consolidated statements of operations include OdorStar’s operating loss of approximately $130,000 (including $34,000 during the period prior to the Company's acquisition of BBL's membership interest) and approximately $51,000 during the years ended December 31, 2014 and 2013, respectively. The Company’s consolidated balance sheets include approximately $663,000 and $474,000 in assets and $100,000 and $16,000 in liabilities of OdorStar at December 31, 2014 and 2013, respectively.