Innovative Product Opportunities Inc. (A Development Stage Enterprise) STATEMENTS OF OPERATIONS (Audited) (USD $)	12 Months Ended		33 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Sales	$ 0	$ 21,000	$ 21,000
Cost of sales	0	0	0
Gross profit	0	21,000	21,000
Operating expenses
Bad Debts	21,000	0	21,000
General and administrative	67,741	17,887	87,628
Share-based compensation	5,205,000	110,000	5,315,000
Total expenses	5,293,741	127,887	5,423,628
Net operating loss	(5,293,741)	(106,887)	(5,402,628)
Other income (loss)	0	336,000	336,000
Gain on settlement of accounts receivable	0	(124,950)	(124,950)
Other-than-temporary impairment loss on securities	0	(211,050)	(211,050)
Loss on cancellation of securities	0	0	0
Net loss	$ (5,293,741)	$ (106,887)	$ (5,402,628)
Basic loss per common share	$ (0.08)	$ 0.00
Weighted average number of common shares outstanding - basic	65,293,153	26,961,644