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Note 2 - BRITEWATER INTERNATIONAL, INC.
3 Months Ended
Mar. 31, 2012
Subsidiary Disclosure [Text Block]
(2)           BRITEWATER INTERNATIONAL, INC.

Our wholly-owned subsidiary, BWI, owns the patented oilfield emulsion breaking “OHSOL” technology. BWI and its subsidiary, Arctic Star Alaska, Inc. (“Arctic Star”), have entered into contracts which grant it the right to process and dispose of certain oilfield emulsion waste materials on the Alaskan North Slope.  Arctic Star is currently planning the design and construction of a processing plant on the Alaskan North Slope which will allow for the recovery of oil from emulsion waste materials which are currently lost during the disposal process. BWI has also begun the planning and design phase for a mobile processing plant which will utilize this OHSOL technology and is also working to secure contracts for the operation of its existing weathered lagoon plant internationally.

BWI Results of Operations - For the three months ended March 31, 2012 and 2011, we recognized losses of $475 thousand and $286 thousand, respectively, related to BWI in our consolidated condensed statements of operations. Of this amount, $117 thousand was related to noncontrolling interests during the period ended March 31, 2011 due to the fact we owned 52.09% of BWI during this period. During the remainder of 2011, we purchased the remaining units of BWI and therefore had no remaining noncontrolling interests at December 31, 2011.

BWI Contingency –BWI has a contingent liability of $800 thousand which may be payable upon the conclusion of certain performance events related to BWI’s equipment. There were no changes to the BWI liability recorded during the three months ended March 31, 2012.