Investment in R-NAV, LLC |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2016 | |||
| Equity Method Investments And Joint Ventures [Abstract] | |||
| Investment in R-NAV, LLC |
Navidea’s investment in R-NAV, LLC (R-NAV) of approximately 27% is being accounted for using the equity method of accounting. Navidea’s equity in the loss of R-NAV was $12,239 and $262,227, respectively, for the three-month periods ended March 31, 2016 and 2015. Navidea’s equity in the loss of R-NAV has exceeded our initial investment in R-NAV. As such, the carrying value of the Company’s investment in R-NAV was $0 as of March 31, 2016 and December 31, 2015. The Company’s obligation to provide $500,000 of in-kind services to R-NAV is being recognized as those services are provided. The Company provided $12,000 and $21,000, respectively, of in-kind services during the three-month periods ended March 31, 2016 and 2015. As of March 31, 2016, the Company has $385,000 of in-kind services remaining to provide under this obligation. Navidea provides additional services to R-NAV in support of its development activities. Such services are immaterial to Navidea’s overall operations. |