XML 46 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
RESEARCH AND DEVELOPMENT CONTRACTS IN PROGRESS - Note 10
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
RESEARCH AND DEVELOPMENT CONTRACTS IN PROGRESS - Note 10

NOTE 10 — RESEARCH ANDH DEVELOPMENT CONTRACTS IN PROGRESS

    March 31,
2012
  December 31,
2011
    (Unaudited)   (Audited)
         
Costs in excess of billings   $ 522,366   $ 91,880
             

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 March 31, 2012 and December 31, 2011 was $0.52 million and $0.09 million respectively while its progress billings were $0 million and $0 million respectively.