INVESTMENT IN JOINT VENTURE	19 Months Ended
Dec. 31, 2011
INVESTMENT IN JOINT VENTURE	4. INVESTMENT IN JOINT VENTURE On November 8, 2010, the Company paid $250,000 to acquire the rights to a joint venture agreement with Bio Pulp Works, LLC, a manufacturer of products made from recycled paper products. Under the terms of agreement, the Company will receive a 49% interest in the joint venture. The purpose of the joint venture is to expand the sales of Bio Pulp Works into new sales areas or to develop new recycled products which will be manufactured by Bio Pulp Works. The Company has agreed to contribute $10,000 per month for a term of six months to fund the operations of the joint venture. The Company has agreed to contribute its expertise in identifying new markets to the joint venture. BioPulp will contribute its manufacturing expertise toward developing new products. As of December 31, 2010, BioPulp and the Company had not identified new sales areas or new products to be sold by the joint venture. However, both companies continue to work together diligently toward that end. As of the December 31, 2010, the Company evaluated its investment in the joint venture to determine whether it was impaired in accordance with GAAP. Because the development of markets and products for the joint venture is in the very early stages, it is not possible to reasonably estimate the expected future cash flows which could be generated from the joint venture. As a result, the Company created an allowance for the impairment of the joint venture and recognized a corresponding impairment loss in the amount of $260,000 for the year ended December 31, 2010.

4. INVESTMENT IN JOINT VENTURE

On November 8, 2010, the Company paid $250,000 to acquire the rights to a joint venture agreement with Bio Pulp Works, LLC, a manufacturer of products made from recycled paper products. Under the terms of agreement, the Company will receive a 49% interest in the joint venture. The purpose of the joint venture is to expand the sales of Bio Pulp Works into new sales areas or to develop new recycled products which will be manufactured by Bio Pulp Works. The Company has agreed to contribute $10,000 per month for a term of six months to fund the operations of the joint venture. The Company has agreed to contribute its expertise in identifying new markets to the joint venture. BioPulp will contribute its manufacturing expertise toward developing new products.

As of December 31, 2010, BioPulp and the Company had not identified new sales areas or new products to be sold by the joint venture. However, both companies continue to work together diligently toward that end. As of the December 31, 2010, the Company evaluated its investment in the joint venture to determine whether it was impaired in accordance with GAAP. Because the development of markets and products for the joint venture is in the very early stages, it is not possible to reasonably estimate the expected future cash flows which could be generated from the joint venture. As a result, the Company created an allowance for the impairment of the joint venture and recognized a corresponding impairment loss in the amount of $260,000 for the year ended December 31, 2010.