Innovative Product Opportunities Inc. (A Development Stage Enterprise) STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended		27 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
Sales	$ 0	$ 21,000	$ 0	$ 21,000	$ 21,000
Cost of sales	0	0	0	0	0
Gross profit	0	21,000	0	21,000	21,000
Operating expenses
Bad Debts	0	0	21,000	0	21,000
General and administrative	15,941	110,000	45,207	110,000	175,094
Total expenses	15,941	110,000	66,207	110,000	196,094
Net operating loss	(15,941)	(89,000)	(66,207)	(89,000)	(175,094)
Other income (loss)
Gain on settlement of accounts receivable	0	336,000	0	336,000	336,000
Other-than-temporary impairment loss on securities	0	0	0	0	(124,950)
Loss on cancelation of securities	0	0	0	0	(211,050)
Total other income (loss)	0	336,000	0	336,000	0
Income (loss) before taxes	(15,941)	247,000	(66,207)	247,000	(175,094)
Provision for income taxes	0	85,750	0	85,750	0
Net income (loss)	(15,941)	161,250	(66,207)	161,250	(175,094)
Other comprehensive income, net of tax. Net unrealized gain on investment securities, available-for-sale, net of tax of $249,900	0	464,100	0	464,100	0
Comprehensive income (loss)	$ (15,941)	$ 625,350	$ (66,207)	$ 625,350	$ (175,094)
Basic net loss per common share	$ 0.00	$ 0.01	$ 0.00	$ 0.01
Weighted average number of common shares outstanding - basic	60,065,935	25,681,324	45,613,259	22,856,359