Note 5 - Discontinued Operations

12 Months Ended

Mar. 31, 2012

Discontinued Operations, Policy [Policy Text Block]

Note 5 – Discontinued Operations

The financial results of the Company discontinued operations which consist of OC Energy and the former wastewater plant for the years ended March 31, 2012 and 2011 are as follows:

	For the Year Ended March 31, 2012		For the Year Ended March 31, 2011
Product sales	$	-	$	-
Water treatment royalties		-		-
Income taxes		-		-
Income from discontinued operations after income taxes	$	14,161	$	74,701

The following are the combined condensed balance sheets of OC Energy and the former wastewater treatment plant:

	March 31, 2012		March 31, 2011
Assets
Current assets:
Cash and cash equivalents	$	-	$	410
Total current assets	$	-	$	410
Liabilities
Current liabilities:
Accounts payable	$	-	$	20,116
Accrued liabilities		-		99,307
Total current liabilities	$	-	$	119,423

Management believes there are no contingent liabilities related to discontinued operations.