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Technology Licensing Agreements
12 Months Ended
Dec. 31, 2011
Intangible Assets Disclosure [Abstract]  
Technology Licensing Agreements
Note 4. Technology Licensing Agreements

On September 29, 2010, GEM entered into a technology licensing agreement (the “PMP Agreement”) with PMP and Juan Carlos Bocos, the inventor of the patent pending water valve technology licensed under the PMP Agreement (the “Technology”).  On February 23, 2012, we modified the PMP Agreement, including having the Technology assigned to the Company.
The Technology is designed to reduce the amount and volume of air flowing through water pipes allowing a customer's water meter to measure more precisely the exact amount of water used. The PMP Agreement allows the Company to market and distribute exclusively and to sell and service the water valve products manufactured through the use of the Technology to customers within various territories within the United States and a number of foreign countries.
In return for these rights, the Company issued to PMP 2,112,000 restricted shares of the Company's common stock. The fair value of these shares on the date of the PMP Agreement was $633,600. In addition, pursuant to the PMP Agreement, commencing on September 15, 2010, GEM agreed to pay Mr. Bocos a monthly consulting fee of $8,000. The Company will periodically evaluate the value of the assigned technology and will adjust the value based upon periodic impairment analysis. In addition, the Company is amortizing the assigned technology over its useful life of 15 years.  As of December 31, 2011 and 2010, the value was $538,560 and $633,600.  The Company evaluated the assigned technology for impairment as of December 31, 2011 and determined that the future expected undiscounted cash flows were sufficient for recoverability.
Effective as of October 12, 2010, we entered into a license and marketing agreement with Green RG Management, LLC and its affiliates (collectively, “Green RG”) to acquire a license to install and distribute and on an exclusive basis, market, products manufactured by Green RG and its affiliates through the use of the licensors' patented and proprietary energy efficient LED and solar energy solutions technology (the “Green RG Products”), in exchange for between 10 million and 30 million restricted shares of the Company's common stock, based on the achievements of certain performance thresholds.  We  had intended to agree with certain of our existing stockholders to issue such shares to Green RG, however, there are presently no formal agreements in place to obtain such shares nor can we provide any assurance that any of our existing stockholders will agree to provide such shares.  Within ten days of the execution of the agreement, we were obligated to issue 10 million shares of our common stock to Green RG, which shares will be fully vested once GEM has entered into bona fide written agreements to sell Green RG Products, generated as a result of opportunities presented to GEM by the licensors, having a value of at least $25 million.  The shares being held in escrow pursuant to the agreement would have been released to Green RG on a quarterly basis pro rata based upon the percentage of the $25 million in agreements GEM has executed as a result of opportunities presented to GEM by Green RG.  Following September 30, 2010, for every $25 million in additional bona fide written agreements to sell Green RG Products that Green RG secures for GEM, we agreed to issue to Green RG an additional 10 million restricted shares of our common stock.  Such shares would have been released to Green RG on a quarterly basis pro rata based upon the percentage of the $25 million in contracts GEM would have executed as a result of opportunities presented to GEM by Green RG.  As of December 31, 2011, we had not issued, and do not expect to issue, any shares  to Green RG as we do not believe their performance has met the required thresholds.