Segment Reporting

6 Months Ended

Jun. 30, 2011

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 12 — SEGMENT REPORTING

     The Company has three lines of business, which are (1) organic fertilizer, (2) vertical farming and (3) industrial wastewater treatment and based on the nature of products and services offered, the Company has determined each line of business is a reportable segment at June 30, 2011.

     The Company evaluates performance based on several factors, of which the primary financial measure is business segment operating income. There were no intersegment sales for the three and six months ended June 30, 2011. The discreet financial information is presented below as of and for the three and six month periods ended June 30, 2011:

	For the Three Months Ended June 30, 2011
							Industrial			Corporate and
	Organic Fertilizer			Vertical Farming			Wastewater			Eliminations			Consolidated
Revenues	$	1,274,092		$	50,000		$	105,618		$	—		$	1,429,710
Operating income (loss) (1)		11,447			(773,314	)		(48,241	)		(2,737,305	)		(3,547,413	)
Depreciation and amortization(2)		106,195			161,635			33,333			188,822			489,985
Interest expense(3)		—			5,432			—			3,560,352			3,565,784
Net income (loss)		11,447			(763,515	)		(48,241	)		1,816,671			1,016,362
	For the Six Months Ended June 30, 2011
							Industrial			Corporate and
	Organic Fertilizer			Vertical Farming			Wastewater			Eliminations			Consolidated
Revenues	$	1,918,092		$	50,000		$	200,794		$	—		$	2,168,886
Operating loss (1)		(70,554	)		(1,372,755	)		(51,064	)		(4,372,643	)		(5,867,016	)
Depreciation and amortization(2)		211,284			322,932			38,887			337,931			911,034
Interest expense(3)		—			12,074			—			5,828,172			5,840,246
Net income (loss)		(70,554	)		(1,144,595	)		(51,064	)		482,103			(784,110	)
Total assets (4)		3,869,704			12,082,048			2,062,156			2,036,985			20,050,893
Goodwill		—			1,668,369			—			—			1,668,369
Property and equipment additions		153,250			2,255			1,600,000			—			1,755,505

	(1)	Operating income (loss) of the principal businesses exclude corporate compensation, marketing expense, professional fees and other unallocated expenses.
	(2)	Depreciation and amortization expense associated with property and equipment, intangibles and deferred financing fees. Corporate amortization expense relates to deferred financing fees.
	(3)	Corporate interest expense is primarily related to amortization of discounts on convertible notes payable.
	(4)	Total business assets are the owned or allocated assets used by each business. Corporate assets consist of cash, prepaid expenses, certain other assets and deferred financing costs.
As of June 30, 2010, the Company was a single reportable segment.