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Note 11- Discontinued Operations
12 Months Ended
Dec. 31, 2011
Note 11- Discontinued Operations [Abstract]  
Note 11- Discontinued Operations

Note 11-  Discontinued Operations

 

Between June 4, 2010 and December 23, 2010, the Company had the rights to certain intellectual property which would be used in carbon trading programs. As of December 23, 2010, the Company terminated all its license and consulting agreements with respect to the carbon business and all assets, liabilities, revenues and expenses related to this business line have been classified as discontinued operations.

 

The Company's results of operations related to discontinued operations for the years ended December 31, 2011 and 2010 are as follows:

 

 

Year Ended December 31, 2011

Year Ended December 31, 2010

SALES

$                          -

$              130,186

COST OF GOODS SOLD

 

 

Services

                            -

                130,186

Royalties

                            -

                  10,918

TOTAL COST OF GOODS SOLD

                            -

                141,104

GROSS MARGIN

                            -

                (10,918)

OPERATING EXPENSES

 

 

Stock-based compensation

                            -

                246,313

Professional fees

                            -

                  89,725

Consulting fees

                            -

                  88,707

General and administrative

                            -

                    2,997

Interest expense

                            -

                    2,826

TOTAL OPERATING EXPENSES

                            -

                430,568

LOSS FROM DISCONTINUED OPERATIONS,

NET OF TAX

$                          -

$            (441,486)