Discontinued Operations and Disposal Groups

3 Months Ended

Oct. 31, 2011

Discontinued Operations and Disposal Groups

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 10 – DISCONTINUED OPERATIONS

In June 2010, as part of our strategy to streamline our product offerings to focus on our core business of producing and selling stevia and other herb-based products, including herb extracts and herb medicines, and also to eliminate subsidiaries with minimal operations, we elected to sell our Veterinary Medicine division and to dissolve Sunwin Canada and reclassified the subsidiaries as “Discontinued Operations” beginning with our financial statements for the first quarter of fiscal 2011. The assets and liabilities, as well as the results of operations, of the discontinued subsidiary are classified as “Discontinued Operations” for the three and six months ended October 31, 2011 and 2010.

The following tables set forth the financial results of the discontinued operations for the three and six months ended October 31, 2011 and 2010:

	Three Months Ended		Six Months Ended
	October 31,		October 31,
	2011	2010	2011	2010
Revenues	$-	$-	$-	$326,284
Cost of Revenue	-	-	-	203,489
Gross profit	-	-	-	122,795
Operating expenses	-	444	-	258,531
Loss from discontinued operations	-	(444)	-	(135,736)
Gain from disposal of discontinued operations	-	-	-	11,450
Total loss from discontinued operations	$-	$(444)	$-	$(124,286)