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ORGANIZATION AND NATURE OF BUSINESS
6 Months Ended
Jun. 30, 2013
ORGANIZATION AND NATURE OF BUSINESS:  
ORGANIZATION AND NATURE OF OPERATIONS
1. ORGANIZATION AND NATURE OF BUSINESS
Amincor,  Inc.  ("Amincor" or the "Company") is  headquartered  in New York, New
York.  During 2011 and 2010,  Amincor  acquired  directly or indirectly all or a
majority of the outstanding stock of the following companies:
         Advanced Waste & Water Technology, Inc. ("AWWT")
         Baker's Pride, Inc. ("BPI")
         Environmental Quality Services, Inc. ("EQS")
         Epic Sports International, Inc. ("ESI")
         Masonry Supply Holding Corp. ("Masonry" or "IMSC")
         Tulare Holdings, Inc. ("Tulare Holdings", or "Tulare")
         Tyree Holdings Corp. ("Tyree")
On November 5, 2012, the Company  acquired all of the assets and assumed some of
the liabilities of Environmental  Waste  Treatment,  LLC ("EWT  Business").  The
Company  assigned the EWT Business to Advanced  Waste & Water  Technology,  Inc.
("AWWT") a subsidiary of EHC.
As of June 30, 2013, the following are operating subsidiaries of Amincor:
         Advanced Waste & Water Technology, Inc.
         Baker's Pride, Inc.
         Tyree Holdings Corp.
         Amincor Other Assets, Inc. ("Other Assets")
AWWT
AWWT performs water remediation  services in the Northeastern United States, and
is headquartered in Farmingdale, New York.
BPI
BPI manufactures bakery food products, primarily consisting of several varieties
of sliced and  packaged  private  label  bread in  addition  to fresh and frozen
varieties of donuts in Midwest and Eastern region of the United  States.  BPI is
headquartered and operates facilities in Burlington, Iowa.
On October 31, 2012,  BPI's most  significant  customer  terminated its contract
with the  Company  due to BPI's  inability  to meet  certain  pricing,  cost and
product  offering  needs.  As of June 30, 2013, BPI is seeking new customers and
has bid with its former most  significant  customer to resume  production in the
fourth quarter of 2013.
TYREE
Tyree performs  maintenance,  repair and construction services to customers with
underground  petroleum storage tanks and petroleum product dispensing equipment.
Complimenting these services, Tyree is engaged in environmental consulting, site
assessment, analysis and management of site remediation for owners and operators
of property  with  petroleum  storage  facilities.  Tyree  markets its  services
throughout  the  Northeast  and  Mid-Atlantic  regions of the  United  States to
national  and  multinational  enterprises,  as well  as to  local  and  national
governmental  agencies and  municipalities.  The majority of Tyree's  revenue is
derived from customers in the Northeastern United States.  Tyree's  headquarters
are located in Mt. Laurel, New Jersey.
OTHER ASSETS
Other  Assets  was  incorporated  to  hold  real  estate,   equipment  and  loan
receivables. As of June 30, 2013, all of Other Assets' real estate and equipment
are classified as held for sale.
On April 30, 2013, Other Assets sold its 360,000 square foot facility located in
Allentown,  Pennsylvania.  The property was sold for $500,000  less  outstanding
taxes and costs due and owing on the property for net sale proceeds of $232,497.
DISCONTINUED OPERATIONS
During 2011,  Amincor  adopted a plan to  discontinue  the operations of Masonry
Supply Holding Corp., Tulare Holdings, Inc., and Epic Sports International, Inc.
On April 1, 2013,  Amincor sold the business of Environmental  Quality Services,
Inc. to a former manager of the company.
MASONRY
Masonry  manufactured  and  distributed  concrete and  lightweight  block to the
construction  industry.  IMSC also  operated a retail home center and  showroom,
where it sold  masonry  related  products,  hardware  and  building  supplies to
customers. Masonry's headquarters,  showroom and operating facility were located
in Pelham Manor, New York.
TULARE HOLDINGS
Tulare prepared and packaged frozen vegetables (primarily spinach), from produce
supplied by growers, for the food service and retail markets throughout southern
California and the southwestern United States.  Tulare sold to retailers under a
private  label,  and to food  brokers and retail  food  stores  under the Tulare
Frozen Foods label. Tulare's headquarters and processing facility was located in
Lindsay, California.
ESI
ESI was the worldwide  licensee for the Volkl and Boris Becker Tennis brands. In
2010, ESI became the exclusive sales representative of Volkl and Becker products
for Samsung C&T  America,  Inc.  ESI sold their  products  domestically  through
retailers  located  throughout the United States,  and  internationally  through
International  Distributors  who would sell to retailers in their local  markets
and on-line retailers. ESI was headquartered in New York, New York.
EQS
EQS formerly provided  environmental and hazardous waste testing services in the
Northeastern United States, and was headquartered in Farmingdale, New York.