XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (USD $)
3 Months Ended 6 Months Ended 39 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Income Statement [Abstract]          
Sales $ 32,789    $ 44,644    $ 65,644
Cost of sales 615    3,678    3,678
Gross profit 32,174    40,966    61,966
Operating expenses          
Bad debts          21,000 21,000
General and administrative 115,777 15,941 163,242 45,207 250,870
Stock-based compensation 149,333    149,333    5,464,333
Total expenses 265,110 15,941 312,575 66,207 5,736,203
Net operating loss (232,936) (15,941) (271,609) (66,207) (5,674,237)
Other income (expense)          
Gain on settlement of accounts receivable             336,000
Other-than-temporary impairment loss on securities             (124,950)
Loss on cancelation of securities             (211,050)
Total other income (loss)               
Net loss for the period (232,936) (15,941) (271,609) (66,207) (5,674,237)
Net loss attributable to non-controlling interest 27,219    33,592    33,592
Net loss attributable to Innovative Products Opportunities Inc. $ (205,717) $ (15,941) $ (271,609) $ (66,207) $ (5,674,237)
Net loss attributed to Innovative Products Opportunities Inc. per common share - basic $ 0.00 $ 0.00 $ 0.00 $ 0.00  
Weighted average number of common shares outstanding – basic 170,417,581 60,065,935 144,208,789 45,613,259