Note 13. Equity Method Investment

The Company’s equity investment in Cerebellum Capital, LLC (“Cerebellum”) totaled $7.7 million, net of $1.3 million of cumulative losses, as of June 30, 2019, recorded under the equity method of accounting. For the three and six months ended June 30, 2019 and 2018, losses from equity method investments recorded in “Interest income and other income/(expense)” in the accompanying unaudited Condensed Consolidated Statements of Operations were not material to our consolidated results of operations. Equity method investments are recorded in “Other assets” in the accompanying unaudited Condensed Consolidated Balance Sheets. The Company’s equity investment in Cerebellum was $6.3 million, net of cumulative losses of $0.7 million, as of June 30, 2018.