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RESEARCH AND DEVELOPMENT CONTRACTS IN PROGRESS - Note 11
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
RESEARCH AND DEVELOPMENT CONTRACTS IN PROGRESS - Note 11

NOTE 11 — RESEARCH AND DEVELOPMENT CONTRACTS IN PROGRESS

    December 31, 2011   December 31, 2010
         
Costs in excess of billings   $ 91,880   $ 531,617
             

Research and development contracts in progress include cost plus profit attributable to mobile phone development contracts in progress. Cost to date is calculated based on the value of man-month engineering costs and related overhead expenses. Company's R&D cost as at December 31, 2011 and 2010 was $0.09 million and $1.24 million respectively while its progress billings were $0 million and $0.71 million respectively.