NOTE 6 - SHORT-TERM NOTE RECEIVABLE	3 Months Ended
Mar. 31, 2014
Accounts and Notes Receivable, Net [Abstract]
NOTE 6 – SHORT-TERM NOTE RECEIVABLE	NOTE 6 – SHORT-TERM NOTE RECEIVABLE Upon consummation of the sale of Pak-It, the Company entered into a long-term note receivable (the “Note”) with the buyer of Pak-It in the amount of $500,000. The Note was recorded as of the date of closing at the fair value determined by discounting the face value of the Note using 7%, based on factors considered by the Company at the time of recording the Note. Interest income is amortized into the value of the Note during the life of the Note and is recognized as interest income throughout the term of the Note, which was due on July 1, 2013. Interest income recognized on the Note for the three-month periods ended March 31, 2014 and 2013 was $Nil and $6,139, respectively. Cancellation of Promissory note On February 7, 2014, the Company accepted a cash payment of $200,000 in settlement of the $500,000 promissory note dated February 14, 2012 (the “Note”) that was originally issued by Big 3 Packaging LLC (the “Buyer”) in connection with the Company’s sale to Buyer of substantially all of the assets of Pak-It on February 14, 2012. In connection with the termination of the Note, the Company and the Buyer executed a mutual general release of claims. The Note matured on July 1, 2013 but remained unpaid by the Buyer. The Company fully reserved for the full value of the note and included the amount of $500,000 as a loss contributable to discontinued operations (Note 15). The final termination payment of $200,000 was recorded as a bad debt recovery and included in income from discontinued operations for the three month period ended March 31, 2014.

NOTE 6 - SHORT-TERM NOTE RECEIVABLE

3 Months Ended

Mar. 31, 2014

Accounts and Notes Receivable, Net [Abstract]

NOTE 6 – SHORT-TERM NOTE RECEIVABLE

Upon consummation of the sale of Pak-It, the Company entered into a long-term note receivable (the “Note”) with the buyer of Pak-It in the amount of $500,000. The Note was recorded as of the date of closing at the fair value determined by discounting the face value of the Note using 7%, based on factors considered by the Company at the time of recording the Note. Interest income is amortized into the value of the Note during the life of the Note and is recognized as interest income throughout the term of the Note, which was due on July 1, 2013. Interest income recognized on the Note for the three-month periods ended March 31, 2014 and 2013 was $Nil and $6,139, respectively.

Cancellation of Promissory note

On February 7, 2014, the Company accepted a cash payment of $200,000 in settlement of the $500,000 promissory note dated February 14, 2012 (the “Note”) that was originally issued by Big 3 Packaging LLC (the “Buyer”) in connection with the Company’s sale to Buyer of substantially all of the assets of Pak-It on February 14, 2012. In connection with the termination of the Note, the Company and the Buyer executed a mutual general release of claims.

The Note matured on July 1, 2013 but remained unpaid by the Buyer. The Company fully reserved for the full value of the note and included the amount of $500,000 as a loss contributable to discontinued operations (Note 15). The final termination payment of $200,000 was recorded as a bad debt recovery and included in income from discontinued operations for the three month period ended March 31, 2014.