Investment Held for Sale
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12 Months Ended |
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Dec. 31, 2011
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Investment Held for Sale | |
Investment Held for Sale |
Note 4 - Investment Held for Sale
During 2010, the Company ceased the Technologies Alternatives, Limited (TAL) operations. As all of TALs nursery capabilities have since been transferred to the Companys other operations in Tizimin, Mexico and the Company is in the process of selling the land, the net assets have been reclassified as Investment Held for Sale at December 31, 2010 and 2011; the promissory notes are netted against the net assets. The Net Assets, measured at fair value as of December 31, 2011 were $565,473 Belize Dollars (US $291,031 based on exchange rates in effect at December 31, 2011). |