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</LabelSeparator><Level>2</Level><ElementName>us-gaap_ConsolidationPolicyTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="D130101_130630" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;!--egx--&gt;&lt;pre&gt;PRINCIPLES OF CONSOLIDATION&lt;/pre&gt;&lt;pre&gt;The consolidated condensed financial statements include the accounts of Amincor,&lt;/pre&gt;&lt;pre&gt;Inc. and all of its consolidated subsidiaries&amp;nbsp; (collectively the "Company"). All&lt;/pre&gt;&lt;pre&gt;intercompany balances and transactions have been eliminated in consolidation.&lt;/pre&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Revenue from other maintenance and repair services is recognized as these&lt;/pre&gt;&lt;pre&gt;services are rendered.&lt;/pre&gt;&lt;pre&gt;Tyree&amp;nbsp; uses&amp;nbsp; the&amp;nbsp; percentage-of-completion&amp;nbsp;&amp;nbsp; method&amp;nbsp; on&amp;nbsp; construction&amp;nbsp; services,&lt;/pre&gt;&lt;pre&gt;measured by the&amp;nbsp; percentage of total costs&amp;nbsp; incurred to date to estimated&amp;nbsp; total&lt;/pre&gt;&lt;pre&gt;costs for each contract.&amp;nbsp; This method is used because management considers costs&lt;/pre&gt;&lt;pre&gt;to date to be the best available measure of progress on these contracts.&lt;/pre&gt;&lt;pre&gt;Provisions for estimated losses on uncompleted&amp;nbsp; contracts are made in the period&lt;/pre&gt;&lt;pre&gt;in which overall&amp;nbsp; contract losses become&amp;nbsp; probable.&amp;nbsp; Changes in job performance,&lt;/pre&gt;&lt;pre&gt;job conditions and estimated&amp;nbsp; profitability,&amp;nbsp; including those arising from final&lt;/pre&gt;&lt;pre&gt;contract&amp;nbsp; settlements,&amp;nbsp; may&amp;nbsp; result&amp;nbsp; in&amp;nbsp; revisions&amp;nbsp; to costs and&amp;nbsp; income.&amp;nbsp; These&lt;/pre&gt;&lt;pre&gt;revisions are recognized in the period in which it is probable that the customer&lt;/pre&gt;&lt;pre&gt;will approve the variation&amp;nbsp; and the amount of revenue&amp;nbsp; arising from the revision&lt;/pre&gt;&lt;pre&gt;can be reliably&amp;nbsp; measured.&amp;nbsp; An amount equal to contract&amp;nbsp; costs&amp;nbsp; attributable&amp;nbsp; to&lt;/pre&gt;&lt;pre&gt;claims is included in revenues when&amp;nbsp; negotiations&amp;nbsp; have reached an advance stage&lt;/pre&gt;&lt;pre&gt;such that it is probable&amp;nbsp; that the customer will accept the claim and the amount&lt;/pre&gt;&lt;pre&gt;can be measured reliably.&lt;/pre&gt;&lt;pre&gt;The asset&amp;nbsp; account&amp;nbsp; "Costs&amp;nbsp; and&amp;nbsp; estimated&amp;nbsp; earnings&amp;nbsp; in excess of&amp;nbsp; billings&amp;nbsp; on&lt;/pre&gt;&lt;pre&gt;uncompleted&amp;nbsp; contracts,"&amp;nbsp; represents&amp;nbsp; revenues&amp;nbsp; recognized&amp;nbsp; in excess of amounts&lt;/pre&gt;&lt;pre&gt;billed.&lt;/pre&gt;&lt;pre&gt;The liability&amp;nbsp; account,&amp;nbsp; "Billings in excess of cost and&amp;nbsp; estimated&amp;nbsp; earnings on&lt;/pre&gt;&lt;pre&gt;uncompleted contracts," represents billings in excess of revenues recognized.&lt;/pre&gt;&lt;pre&gt;AWWT&lt;/pre&gt;&lt;pre&gt;AWWT provides&amp;nbsp; water&amp;nbsp; remediation&amp;nbsp; and logistics&amp;nbsp; services for its clients which&lt;/pre&gt;&lt;pre&gt;include any business that produces waste water.&amp;nbsp; AWWT invoices&amp;nbsp; clients based on&lt;/pre&gt;&lt;pre&gt;bills of lading which specify the quantity and type of water treated. 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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>REVENUE RECOGNITION</Label></Row><Row FlagID="0"><Id>6</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>MORTGAGES RECEIVABLE</Label></Row><Row FlagID="0"><Id>8</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>2</Level><ElementName>us-gaap_AllowanceForCreditLossesTextBlock</ElementName><ElementPrefix>us-gaap_</ElementPrefix><IsBaseElement>true</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="D130101_130630" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;!--egx--&gt;&lt;pre&gt;ALLOWANCE FOR LOAN LOSSES&lt;/pre&gt;&lt;pre&gt;An&amp;nbsp; allowance&amp;nbsp; for loan losses is&amp;nbsp; established&amp;nbsp; as losses are&amp;nbsp; estimated to have&lt;/pre&gt;&lt;pre&gt;occurred&amp;nbsp; through a provision for loan losses charged to&amp;nbsp; operations.&amp;nbsp; A loan is&lt;/pre&gt;&lt;pre&gt;determined&amp;nbsp; to be&amp;nbsp; non-accrual&amp;nbsp; when it is probable that&amp;nbsp; scheduled&amp;nbsp; payments of&lt;/pre&gt;&lt;pre&gt;principal&amp;nbsp; and&amp;nbsp; interest&amp;nbsp; will&amp;nbsp; not&amp;nbsp; be&amp;nbsp; received&amp;nbsp; when&amp;nbsp; due&amp;nbsp; according&amp;nbsp; to&amp;nbsp; the&lt;/pre&gt;&lt;pre&gt;contractual&amp;nbsp; terms of the loan&amp;nbsp; agreement.&amp;nbsp; When a loan is placed on non-accrual&lt;/pre&gt;&lt;pre&gt;status, all accrued yet uncollected&amp;nbsp; interest is reversed from income.&amp;nbsp; Payments&lt;/pre&gt;&lt;pre&gt;received on non-accrual loans are generally applied to the outstanding principal&lt;/pre&gt;&lt;pre&gt;balance. Loans are removed from non-accrual status when management believes that&lt;/pre&gt;&lt;pre&gt;the borrower will resume making the payments required by the loan agreement.&lt;/pre&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The entire disclosure for allowance for credit losses.</ElementDefenition><ElementReferences>No definition available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>ALLOWANCE FOR LOAN LOSSES</Label></Row><Row FlagID="0"><Id>9</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>INVENTORIES</Label></Row><Row FlagID="0"><Id>10</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

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