Note 8 Discontinued Operations: Discontinued Operations (Tables)

3 Months Ended

Jun. 30, 2012

		Six Months Ended
		6/30/2012		6/30/2011

Revenues	$		$
Cost of revenues
Gross profit

Operating expenses
Research and development				10,000
General and administrative expenses				15,000
Total operating expenses				25,000

Operating loss				(25,000)

Other income (expense)
Interest expense
Gain on extinguishment		457,515
Total other income (expense)		457,515

Income (loss) before provision for income taxes		457,515		(25,000)

Provision for income taxes

Total income (loss) from discontinued operations	$	457,515	$	(25,000)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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