XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Equity investments
3 Months Ended
Jan. 31, 2012
Equity investments [Abstract]  
Equity investments

Note 3. Equity investments

Versa Power Systems, Inc. (“Versa”) is one of our sub-contractors under the Department of Energy’s (“DOE”) large-scale hybrid project to develop a coal-based, multi-megawatt solid oxide fuel cell (“SOFC”) based hybrid system. Versa is a private company founded in 2001 that is developing advanced SOFC systems for various stationary and mobile applications. We have a 39 percent ownership interest and account for Versa under the equity method of accounting. We recognize our share of the income or losses as income/(loss) from equity investments on the consolidated statements of operations. The carrying value of our investment in and loans to Versa was approximately $10.0 million as of January 31, 2012 and $10.5 million as of October 31, 2011.