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EX-4.1 - PROMISSORY NOTE - URBAN AG. CORPurban_10k-ex401.htm
EX-3.4 - AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - URBAN AG. CORPurban_10k-ex304.htm
EX-10.17 - STOCK PURCHASE AGREEMENT WITH DISTRESSED ASSET ACQUISITIONS, INC. - URBAN AG. CORPurban_10k-ex1017.htm
EX-21.1 - LIST OF SUBSIDIARIES - URBAN AG. CORPurban_10k-ex2101.htm
EX-10.13 - STOCK PURCHASE AGREEMENT - URBAN AG. CORPurban_10k-ex1013.htm
EX-10.18 - EMPLOYMENT AGREEMENT - URBAN AG. CORPurban_10k-ex1018.htm
EX-32.1 - CERTIFICATION - URBAN AG. CORPurban_10k-ex3201.htm
EX-31.1 - CERTIFICATION - URBAN AG. CORPurban_10k-ex3101.htm
EX-31.2 - CERTIFICATION - URBAN AG. CORPurban_10k-ex3102.htm
EX-23.1 - CONSENT - URBAN AG. CORPurban_10k-ex2301.htm
EX-10.16 - FACTORING AND SECURITY AGREEMENT WITH MIDLAND AMERICAN CAPITAL - URBAN AG. CORPurban_10k-ex1016.htm
EXCEL - IDEA: XBRL DOCUMENT - URBAN AG. CORPFinancial_Report.xls
10-K - ANNUAL REPORT - URBAN AG. CORPurban_10k-123111.htm
XML - IDEA: XBRL DOCUMENT - URBAN AG. CORPR5.htm
XML - IDEA: XBRL DOCUMENT - URBAN AG. CORPR1.htm
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EX-10.15 - LOAN PURCHASE AND SALE AGREEMENT WITH SUMMITBRIDGE CREDIT INVESTMENTS LLC - URBAN AG. CORPurban_10k-ex1015.htm
v2.4.0.6
7. Discontinued Operations
12 Months Ended
Dec. 31, 2011
Discontinued Operations and Disposal Groups [Abstract]  
7. Discontinued Operations

After unsuccessful attempts to generate revenues under the UAC’s TerraSphere license the Company’s Board of Directors made the strategic decision to shift its long term strategy to pursue the consolidation of the fragmented industry providing remediation services to general contractors and others. Accordingly the Company classified UAC’s assets and liabilities, results of operations and cash flows as discontinued operations in the corresponding financial statements.

 

Condensed operating statements for discontinued operations are summarized below:

 

   Year Ended
December 31, 2011
 
      
Costs and expenses   288 
Interest    
Amortization   16,667 
Income (loss) from discontinued operations, net of taxes   16,955 

 

The carrying amounts of major classes of assets and liabilities at December 31, 2011 associated with discontinued operations are as follows:

 

   December 31, 2011 
      
Intangible assets, net of amortization of  $91,667   908,333 
Other assets   2 
Assets of discontinued operations   908,335 
      
Accounts payable   2,165 
Due under license agreement   750,000 
Notes payable   300,000 
Liabilities of discontinued operations   1,052,165 
Net liabilities of discontinued operations   143,830 

 

The net liabilities of UAC is recorded in accrued expenses at December 31, 2012. On March 31, 2012 the Company sold UAC for $100 plus assumed liabilities and recorded a gain of approximately $143,000.