definiens: as defined by EITF 96 - 16 ) retained by theother investors . During 2002, [COMPANY] recognized approximately $ 91,000 as its share of the Oculus net loss, which exceededthe Company ’s investment in and advances to the joint venture . In 2003, [COMPANY] received $ 125,000 in settlement proceedsfrom Oculus as part of its wind up activities, which were accounted for as a return on investment and are included in ‘ equity inloss and recoveries from joint ventures ’ on the Company ’s 2003 statement of operations . Consistent with its wind - up strategy, Oculus will remain in existence as a dormant entity only as long as it is necessary to serve as a pass through of any milestone - based consideration and final distribution to its remaining shareholders . In January 2006, a milestone was achieved andAthersys expects to receive an additional $ 100,000 of stock - based settlement proceeds from Oculus . As of December 31, 2004and 2005, Oculus had no significant assets, liabilities, stockholders ’ equity or results of operations