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EXCEL - IDEA: XBRL DOCUMENT - 11 GOOD ENERGY INCFinancial_Report.xls
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v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
ASSETS    
Cash $ 12,519 $ 29,879
Inventory 469,949 624,739
Accounts receivable, net 38,372 51,801
Available for sale securities 1,299 576,990
Other current assets 47,357 24,974
Total current assets 569,496 1,308,383
Property, plant and equipment, net 2,371,022 2,562,675
Other assets:    
Patents 65,479 58,272
Goodwill 639,504 639,504
Deposits 2,163 2,163
Total other assets: 707,146 699,939
Total assets 3,647,664 4,570,997
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable and accrued liabilities 942,286 458,043
Note payable related party 50,000  
Advances, related party 132,641  
Convertible notes payable, net of debt discount 49,306  
Total current liabilities 1,174,233 458,043
Stockholders’ equity:    
Series A Preferred stock, $0.0001 par value; 11,000,000 shares authorized, issued and outstanding at June 30, 2011 and December 31, 2010. 1,100 1,100
Common stock, $0.0001 par value; 65,000,000 shares authorized; 20,856,561 and 20,811,561 issued as of June 30, 2011 and December 31, 2010, respectively; 19,901,239 and 19,856,239 outstanding as of June 30, 2011 and December 31, 2010, respectively. 2,086 2,081
Additional paid in capital 24,845,230 22,498,920
Due from related party (78,519) (53,519)
Deficit accumulated during development stage (20,710,566) (16,551,567)
Accumulated other comprehensive income (88,400) (286,561)
Treasury stock, 955,322 shares as of June 30, 2011 and December 31, 2010 (1,497,500) (1,497,500)
Total stockholders’ equity 2,473,431 4,112,954
Total liabilities and stockholders’ equity $ 3,647,664 $ 4,570,997