XML 13 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investment In Unconsolidated Subsidiary
6 Months Ended
Jun. 30, 2012
Investment In Unconsolidated Subsidiary

Note 4- Investment In Unconsolidated Subsidiary

 

In July 2011, the Company entered into a joint venture agreement with Safety Hi-Tech S.r.l (“SHT”) and with the principals of Banini-Binotti Associates (“BB”). The joint venture has created a new entity known as Hudson Technologies Europe, S.r.l. (“HTE”). The Company and SHT each own 40% of HTE and BB owns the remaining 20%. HTE’s purpose is to develop a business that provides for refrigerant reclamation, RefrigerantSide® services and energy optimization services throughout Europe, the Middle East and North Africa. As of June 30, 2012 the joint venture has not begun operations. In 2012, the Company’s share of the joint venture net income or loss will be recorded under the equity method.