DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2013
DISCONTINUED OPERATIONS:
Discontinued Operations	4. DISCONTINUED OPERATIONS Effective June 30, 2011, the Company  discontinued the operations of Masonry and Tulare Holdings, Inc., effective September 30, 2011 the Company discontinued the operations  of Epic Sports  International,  Inc and  effective  April 1 2013 the Company discontinued the operations of Environmental Quality Services, Inc. As a result,  losses from Masonry,  Tulare, EQS and ESI are included in the loss from discontinued  operations in the accompanying  consolidated  condensed  financial statements  for the  three  and  six  months  ended  June  30,  2013  and  2012, respectively.  Assets and  liabilities  related to  discontinued  operations are presented separately on the condensed consolidated balance sheets as of June 30, 2013 and December 31, 2012, respectively.  Changes in net cash from discontinued operations  are presented in the  accompanying  consolidated  statements of cash flows for the six months ended June 30, 2013 and 2012, respectively. The  following  amounts  related  to  Masonry,  Tulare,  EQS and ESI  have  been segregated from continuing operations and reported as discontinued operations:                                                Three Months Ended June 30,        Six Months Ended June 30,                                                   2013              2012           2013               2012                                                ----------        ----------     ----------         ---------- Results From Discontinued Operations:   Net revenues from discontinued operations    $   (1,771)       $  273,072     $  231,887         $  543,841                                                ==========        ==========     ==========         ==========   Loss from discontinued operations            $ (100,453)       $ (311,479)    $ (281,729)        $ (542,583)                                                ==========        ==========     ==========         ========== The  following is a summary of the assets and  liabilities  of the  discontinued operations,  excluding assets held for sale (which is recorded separately on the consolidated condensed balance sheets).                                                       June 30,              December 31,                                                         2013                   2012                                                     ------------           ------------ Cash                                                $      2,285           $      2,699 Accounts receivable                                        1,968                231,558 Prepaid expenses and other current assets                     --                 13,840 Property, plant and equipment, net                            --                348,798 Goodwill and other intangible assets                          --                135,000 Other assets                                                  --                429,451                                                     ------------           ------------ Total assets                                        $      4,253           $  1,161,346                                                     ------------           ------------ Accounts payable                                    $  3,810,755           $  4,350,376 Accrued expenses and other current liabilities           883,538              1,160,188 Other long term liabilities                                   --                130,625                                                     ------------           ------------ Total liabilities                                   $  4,694,293           $  5,641,189                                                     ------------           ------------ Net liabilities                                     $ (4,690,040)          $ (4,479,843)                                                     ============           ============ The  Company  will   continue  to  provide   administrative   services  for  the discontinued  operations until the liquidation of these discontinued entities is completed. Pursuant to a Stock Purchase Agreement,  effective April 1, 2013,  Environmental Holding Corp., a wholly-owned subsidiary of Amincor, Inc. sold all of its right, title and interest in all of the common stock of EQS to Essential  Environmental Technologies. The gain on the sale of EQS is summarized as follows:       Description                            Amount       -----------                         ----------- Purchase price promissory note            $   500,000 Liabilities assumed by the Buyer              668,171                                           -----------                                             1,168,171 Assets transferred                           (468,229)                                           ----------- Gain on the sale of EQS                   $   699,942                                           =========== The $500,000 promissory note has a maturity date of April 1, 2018 and is secured by the assets sold.  The annual  interest  rate on the note is 8% with the first two years  interest only and,  subsequently,  the note is amortized over a three year period.