Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Investment Held For Sale

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Note 4 - Investment Held For Sale
3 Months Ended
Mar. 31, 2013
Notes  
Note 4 - Investment Held For Sale

Note 4 - Investment Held for Sale

 

All of TAL’s nursery capabilities have been transferred from Belize to the Company’s operations in Tizimin, Mexico.  The Company is in the process of selling the land in Belize. The net assets have been reclassified as Investment Held for Sale at March 31, 2013 and at December 31, 2012; the promissory notes are netted against the assets. The Net Assets, measured at the lower of cost or fair value as of March 31, 2013 were $565,473 Belize Dollars (US $288,536 based on exchange rates in effect at March 31, 2013).