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Note 8 - Deferred Gross Profit , Affiliated Company

12 Months Ended

Dec. 31, 2011

Deferred Revenue Disclosure [Text Block]

Note 8. Deferred Gross Profit, Affiliated Company

Deferred gross profit from affiliated company consisted of the following as of December 31, 2011 and 2010:

	Year ended December 31,
	2011		2010
Deferred revenue, affiliated company	$	254,826	$	115,527
Deferred cost of revenue, affiliated company		119,984		65,048
Deferred gross profit, affiliated company	$	134,842	$	50,479

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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