NOTE 5 - METHODOLOGY AND TECHNOLOGY ASSIGNMENT

3 Months Ended

Sep. 30, 2012

NOTE 5 - METHODOLOGY AND TECHNOLOGY ASSIGNMENT

NOTE 5 – METHODOLOGY AND TECHNOLOGY ASSIGNMENT

On September 1, 2010, Info-Accent entered into an Assignment Agreement with the Company’s Chairman, Chief Executive Officer and Director Aris Bernawi whereby the Chairman assigned to the Company exclusively, throughout the world, all rights, title and interest in the methodology for the optimal sizing of solar PV-wind power generation system for a total consideration of $50,000. Under the terms of the Assignment Agreement, GMT issued 50,000 shares of common stock at $1.00 per share to the Chairman in lieu of cash payment as consideration for the Assignment. On September 1, 2010, GMT issued 50,000 unregistered shares of its common stock at $1.00 per share, to Aris Bernawi in connection with the acquisition.

The methodology relates to finding the optimum configuration, among a set of system components, which meets the desired system reliability requirements with the lowest value of levelized cost of energy (“LCE”). The LCE is a procedure for determining and comparing the cost of producing energy using different solar panel and wind turbine technologies. The procedure takes into account the installed system price and associated costs such as financing, land, insurance, transmission, operation and maintenance, depreciation, carbon emission and efficiency of the solar panel and wind turbine used.

Two steps are involved in the optimal sizing procedure. The first step is to design a solar PV-wind model based on available local solar and wind data. The second step is to optimize the sizing of a system according to the loss of power supply probability (“LPSP”) and the LCE concepts. The configuration: (i) which can meet the desired system reliability is obtained by changing the type and size of components that make up the system; and (ii) with the lowest LCE gives the optimal choice that places an important role in cost reduction as well as energy production.

The Company has utilized the optimal sizing procedure in the design and integration of its solar PV-wind power generation applications for:

1. rural and remote island electrification,

2. powering remote radio base stations,

3. potable water production; and

4. potable water production and organic vegetable cultivation.

A summary of the methodology and technology assignment at September 30, 2012 and June 30, 2012 is presented below.

	At September 30,		At June 30,
	2012		2012
Methodology & Technology Assignment	$	51,927	$	49,385
Less : Accumulated amortization		21,636		18,108
	$	30,291	$	31,277

The amortization expense recorded was $2,535 and $2,619 for the three months ended September 30, 2012 and 2011, respectively.

GLOBAL MOBILETECH, INC. 10-Q/A