Ondular Technologies is involved in cancer research.Ondular is involved in a number of lawsuits related to their operations.For each case,indicate the disclosure that should be provided by Ondular Technologies in the annual financial statement.
(1)One of their drugs,Superoxide,resulted in dangerous side effects of which Ondular was unaware.As a result,a class action lawsuit has been filed against Ondular.Ondular's attorneys feel it is probable that the company will lose the suit,and the amount can be reasonably estimated.
(2)An employee of Ondular is suing the company alleging that his seizures are a result of the working environment at Ondular.Ondular's attorneys feel the suit is without merit.
(3)A competitor,Straight Drugs,has filed suit against Ondular alleging patent infringement.Ondular's attorneys are unsure as to the outcome of the suit.

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The Answer of Ondular Technologies is involved in cancer research.Ondular is involved in a number of lawsuits related to their operations.For each case,indicate the disclosure that should be provided by Ondular Technologies in the annual financial statement.
(1)One of their drugs,Superoxide,resulted in dangerous side effects of which Ondular was unaware.As a result,a class action lawsuit has been filed against Ondular.Ondular's attorneys feel it is probable that the company will lose the suit,and the amount can be reasonably estimated.
(2)An employee of Ondular is suing the company alleging that his seizures are a result of the working environment at Ondular.Ondular's attorneys feel the suit is without merit.
(3)A competitor,Straight Drugs,has filed suit against Ondular alleging patent infringement.Ondular's attorneys are unsure as to the outcome of the suit.

Ondular Technologies Is Involved in Cancer Research