| Utah                                                | 87-0296694                            |
|-----------------------------------------------------|---------------------------------------|
| (State or other jurisdiction of                     | (I.R.S. Employer Identification. No.) |
| incorporation or organization)                      |                                  |
|                                                |                                  |
| 5248 Pinemont Drive, Suite C-110                    |
| Murray, Utah  84123                       |
| (Address of principal executive offices) (Zip Code) |
|                                                |
| Registrant’s Telephone Number: (801) 738-1355 |

| Large accelerated filer o | Accelerated filer o   |
|--------------------------------|----------------------------|
| Non-accelerated filer o   | (Do not check if a smaller | Smaller reporting company x |
|                           | reporting company)         |   |

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| Item   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Page   |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|   |   | Part I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |
| 1      |   | Description of Business                                                                                                                                                 | 1      |
| 1A     |   | Risk Factors                                                                                                                                                            | 6      |
| 1B     |   | Unresolved Staff Comments                                                                                                                                               | 9      |
| 2      |   | Properties                                                                                                                                                              | 9      |
| 3      |   | Legal Proceedings                                                                                                                                                       | 9      |
| 4      |   | [Removed and Reserved]                                                                                                                                                  | 9      |
| 5      |   | Market for Registrant’s Common Equity, Related Shareholder Matters                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
|   |   | and Issuer Purchases of Equity Securities                                                                                                                                                   | 9      |
| 6      |   | Selected Financial Data                                                                                                                                                 | 13     |
| 7      |   | Management’s Discussion and Analysis of Financial Condition and Results of Operation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 13     |
| 7A     |   | Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
| 8      |   | Financial Statements and SupplementaryData                                                                                                                              | 18     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |   | Part II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|   |   | Consolidated FinancialStatements                                                                                                                                        | F-1    |
|   |   | Table of Contents                                                                                                                                                       | F-2    |
|   |   | Report of Independent Registered Public Accounting Firm                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | F-3    |
|   |   | Consolidated Balance Sheets                                                                                                                                             | F-4    |
|   |   | Consolidated Statements ofOperations                                                                                                                                    | F-6    |
|   |   | Consolidated Statements of Stockholders’ Equity (Deficit)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | F-7    |
|   |   | Consolidated Statements of CashFlows                                                                                                                                    | F-8    |
|   |   | Notes to the Consolidated FinancialStatements                                                                                                                           | F-9    |
| 9      |   | Changes in Accountants and Disagreements with Accountants on Accounting and Financial Disclosure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 19     |
| 9A     |   | Controls and Procedures                                                                                                                                                 | 19     |
| 9B     |   | Other Information                                                                                                                                                       | 21     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|   |   | Part III                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |
| 10     |   | Directors, Executive Officers and CorporateGovernance                                                                                                                   | 21     |
| 11     |   | Executive Compensation                                                                                                                                                  | 23     |
| 12     |   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 24     |
| 13     |   | Certain Relationships and Related Transactions, and Director Independence                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 24     |
| 14     |   | Principal Accountant Fees andServices                                                                                                                                   | 26     |
| 15     |   | Exhibits, Financial StatementSchedules                                                                                                                                  | 26     |
|   |   | Signatures                                                                                                                                                              | 28     |

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| (Fiscal Year) |   | High         |   | Low          |
|---------------|--------|--------------|--------|--------------|
| (Period)      |   |         |   |         |
|  2010    |   |         |   |         |
| 1st Quarter   |   |  $.0600 |   | $.0050       |
| 2nd Quarter   |   | $.0530       |   | $.0080       |
| 3rd Quarter   |   | $.0125       |   |  $.0027 |
| 4th Quarter   |   | $.0150       |   | $.0025       |
|  2009    |   |         |   |         |
| 1st Quarter   |   | $.0500       |   | $.0020       |
| 2nd Quarter   |   | $.0120       |   | $.0080       |
| 3rd Quarter   |   | $.0140       |   | $.0050       |
| 4th Quarter   |   | $.0750       |   | $.0150       |

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| Purchaser                                 | Shares    | Price Per Share | Consideration                | Date      | Class/Series |
|-------------------------------------------|-----------|-----------------|------------------------------|-----------|--------------|
| Leroy Jackson                             | 50,000    | @ $.0100        | Cash                         | 1/2010    | Common       |
| Premier Media Services, Inc.              | 500,000   | @ $.0350        | Services                     | 1/2010    | Common       |
| Premier Funding & Financial Marketing | 50,000    | @ $.0350        | Services                     | 1/2010    | Common       |
| Outsourced Associates                     | 1,219     | @$2.50          | Services                     | 4/23/2010 | Preferred B  |
| Richard Papeleo                           | 500,000   | @ $.0450        | Services                     | 4/27/2010 | Common       |
| Andrea Van Graan                          | 75,000    | @2.50           | Services                     | 5/2/2010  | Preferred B  |
| Greg Shepard                              | 6,469,187 | @ $.0300        | Satisfaction of indebtedness | 5/6/2010  | Common       |
| La Stella Maris                           | 800       | @$2.50          | Cash                         | 5/10/2010 | Preferred B  |
| Joe Uhe                                   | 480       | @$2.50          | Cash                         | 5/10/2010 | Preferred B  |
| Dorothy Ludiciani                         | 2,000     | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |

----

| Purchaser                | Shares | Price Per Share | Consideration                | Date      | Class/Series |
|--------------------------|--------|-----------------|------------------------------|-----------|--------------|
| Bill Gaffney, Sr.        | 2,000  | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Tim Manucci              | 2,000  | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Soil Remediation         | 1,000  | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Joseph Van Oudenhove III | 800    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Jacqueline Hayes         | 400    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Jason Carcelli III       | 480    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Robert D Carcelli III    | 200    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Ron Carcelli, Jr.        | 400    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Ron Carcelli, Sr.        | 120    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Steve Grueber            | 400    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| LMW Holding Company      | 8,000  | @$2.50          | Services                     | 5/12/2010 | Preferred B  |
| David Gennaro            | 1,000  | @$2.50          | Services                     | 5/12/2010 | Preferred B  |
| Robert Carcelli, Jr.     | 1,000  | @$2.50          | Services                     | 5/12/2010 | Preferred B  |
| Matthew Shepard          | 17,130 | @$5.00          | Satisfaction of indebtedness | 5/12/2010 | Preferred B  |
| Bill Ve Anderson         | 13,456 | @$5.00          | Satisfaction of indebtedness | 5/12/2010 | Preferred B  |
| Alan Fleming             | 11,715 | @$2.50          | Services                     | 5/12/2010 | Preferred B  |
| Preston Olsen            | 2,000  | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |
| Jacqueline Ward          | 400    | @$2.50          | Cash                         | 5/12/2010 | Preferred B  |

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| Purchaser                       | Shares                      | Price Per Share          | Consideration                | Date            | Class/Series        |
|---------------------------------|-----------------------------|--------------------------|------------------------------|-----------------|---------------------|
| John Wright                     | 2,959                       | @$2.25                   | Cash                         | 5/12/2010       | Preferred B         |
| Monica Wright                   | 2,775                       | @$2.25                   | Cash                         | 5/12/2010       | Preferred B         |
| Nichole Wright                  | 2,775                       | @$2.25                   | Cash                         | 5/12/2010       | Preferred B         |
| Joseph Wright                   | 2,775                       | @$2.25                   | Services                     | 5/12/2010       | Preferred B         |
| John Brewer                     | 9,593                       | @$4.45                   | Satisfaction of indebtedness | 5/12/2010       | Preferred B         |
| Garbilizer                      | 40,407                      | @$4.45                   | Satisfaction of indebtedness | 5/12/2010       | Preferred B         |
| Ken Riter                       | 50,000                      | @ $.0300                 | Services                     | 5/12/2010       | Common              |
| Denise Rose                     | 50,000                      | @ $.0300                 | Services                     | 5/12/2010       | Common              |
| Herbert Kuglmeier               | 50,000                      | @ $.0300                 | Services                     | 5/12/2010       | Common              |
| John Rossi                      | 7,000,0001,000,0002,625,000 | @ $.0430@ $.0010@ $.0010 | InterestServicesCash         | 5/12/2010  | Common CommonCommon |
| Commodities Trading Corporation | 18,290,155                  | @ $.0300                 | Satisfaction of indebtedness | 5/17/2010       | Common              |
| Marcia Coyne                    | 2,500,000                   | @ $.0040                 | Cash                         | 5/17/2010       | Common              |
| James Mickler                   | 120                         | @$2.50                   | Cash                         | 5/18/2010       | Preferred B         |
| Outsourced Associates           | 1,600                       | @$2.50                   | Cash                         | 5/18/2010       | Preferred B         |
| Stock Guru                      | 6,500,000                   | @ $.0070                 | Pre-paid services            | 10/1/2010       | Common              |
| Asher Enterprises Inc.          | 1,562,500                   | @ $.0055                 | Satisfaction of indebtedness | 10/15/2010      | Common              |
| John C. Brewer                  | 23,046,611                  | @ $.0150                 | Satisfaction of indebtedness | 7/8/2009        | Common              |
| RMT Trust                       | 225,000                     | @ $.0044                 | Cash                         | 7/8/2009        | Common              |
| Wright Enterprises              | 1,000,000                   | @ $.0037                 | Cash                         | 10/17/2009      | Common              |

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| Purchaser      | Shares     | Price Per Share | Consideration                                 | Date       | Class/Series |
|----------------|------------|-----------------|-----------------------------------------------|------------|--------------|
| Joseph Wright  | 1,000,000  | @ $.0035        | Cash                                          | 10/17/2009 | Common       |
| John Rossi     | 13,914,645 | @ $0.025        | Shares of RPS pursuant to the RPS Acquisition | 10/27/2009 | Common       |
| Igor Plahuta   | 13,914,645 | @ $.025         | Shares of RPS pursuant to the RPS Acquisition | 10/27/2009 | Common       |
| Wallace Boyack | 500,000    | @ $.0100        | Satisfaction of indebtedness                  | 11/4/2009  | Common       |
| John Rossi     | 1,750,000  | @ $.0096        | Cash                                          | 12/7/2009  | Common       |

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| Report of Independent Registered Public Accounting Firm         |  F-3 |
|-----------------------------------------------------------------|-----------|
|                                                            |      |
| Consolidated Balance Sheets                                     |  F-4 |
|                                                            |      |
| Consolidated Statements of Operations                           |  F-6 |
|                                                            |      |
| Consolidated Statements of Stockholders’ Equity (Deficit) |  F-7 |
|                                                            |      |
| Consolidated Statements of Cash Flows                           |  F-8 |
|                                                            |      |
| Notes to the Consolidated Financial Statements                  |  F-9 |

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|                                      | December 31, 2010                                                                                                                                                                                             |   | December 31, 2009                                                                                                                                                                                             |
|-------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ASSETS                                    |                                                                                                                                                                                                          |   |                                                                                                                                                                                                          |
| Current assets:                           |                                                                                                                                                                                                          |   |                                                                                                                                                                                                          |
| Cash                                      |  $                                2      |   |  $                     19,657                                                                   |
| Accounts receivable-trade                 |                                   - |   |                         25,105                                                        |
| Due from related party                    |                                   - |   |                       515,084                                                                   |
| Prepaid expenses and other current assets |                        133,506                                                             |   |                            1,702                                       |
| Total current assets                      | 133,508                                                                                                                                                                                                       |   | 561,548                                                                                                                                                                                                       |
|                                      |                                                                                                                                                                                                          |   |                                                                                                                                                                                                          |
| Property and equipment, net               |                            3,606                                       |   |                         39,131                                                        |
|                                      |                                                                                                                                                                                                          |   |                                                                                                                                                                                                          |
| Other assets:                             |                                                                                                                                                                                                          |   |                                                                                                                                                                                                          |
| Investments                               |                                   - |   |                                   1 |
| Deposits                                  |                                   - |   |                               300                       |
| Total Other assets                        |                                   - |   |                               301                       |
| Total assets                              |  $                    137,114                                                                        |   |  $                   600,980                                                                              |

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|                                                                                                                                                                  | December 31, 2010                                                                                                                                                                                                         |   | December 31, 2009                                                                                                                                                                                                   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                  |                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                                  |                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                |
| Current liabilities:                                                                                                                                                  |                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                |
| Bank overdraft                                                                                                                                                        |  $                      91,585                                                                         |   |  $                     70,903                                                                         |
| Accounts payable and accrued expenses                                                                                                                                 |                        660,674                                                                         |   |                       179,754                                                                         |
| Related party payable                                                                                                                                                 |                        366,203                                                                         |   |                       104,951                                                                         |
| Notes payable                                                                                                                                                         |                     1,444,064                                                                                         |   |                       570,979                                                                         |
| Notes payable-related parties                                                                                                                                         |                                     - |   |                       401,939                                                                         |
| Accrued interest                                                                                                                                                      |                        961,715                                                                         |   |                       842,393                                                                         |
| Accrued interest-related parties                                                                                                                                      |                                     - |   |                       124,055                                                                         |
| Wages and payroll taxes payable                                                                                                                                       |                        781,473                                                                         |   |                       459,732                                                                         |
| Income taxes payable                                                                                                                                                  |                        126,257                                                                         |   |                       117,060                                                                         |
| Common stock payable                                                                                                                                                  |                                     - |   |                            4,000                                             |
| Stock options payable                                                                                                                                                 |                                     - |   |                    3,150,000                                                                                         |
| Total current liabilities                                                                                                                                             |                     4,431,971                                                                                         |   | 6,025,766                                                                                                                                                                                                           |
|                                                                                                                                                                  |                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                |
| Deferred tax liabilities                                                                                                                                              |                          16,424                                                              |   |                         17,244                                                              |
| Total long-term liabilities                                                                                                                                           |                          16,424                                                              |   |                         17,244                                                              |
|                                                                                                                                                                  |                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                |
| Total liabilities                                                                                                                                                     |                     4,448,395                                                                                         |   |                    6,043,010                                                                                         |
|                                                                                                                                                                  |                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                |
| Stockholders’ equity(deficit):                                                                                                                                  |                                                                                                                                                                                                                      |   |                                                                                                                                                                                                                |
| Class A preferred; ($.0001 par value) 1,000,000 shares authorized 2 and 0 shares issued and oustanding as of December 31,  2010 and, 2009, respectively     |                                     - |   |                                    - |
| Class B preferred; ($.0001 par value) 30,000,000 shares authorized 205,004 and 0 shares issued and oustanding as of December 31, 2010 and 2009, respectively          |                                  21                  |   |                                    - |
| Class C preferred; ($.0001 par value) 19,000,000 shares authorized no shares issued and oustanding as of December 31, 2010 and 2009, respectively                     |                                     - |   |                                    - |
| Common stock; ($.001 par value) 50,000,000,000 shares authorized, 126,446,842 and 79,250,000 shares issued and oustanding at December 31, 2010 and 2009, respectively |                        126,447                                                                         |   |                         79,250                                                              |
| Additional paid in capital                                                                                                                                            |                      (409,268)                                                                                   |   |                  (4,660,950)                                                                                                   |
| Accumulated other comprehensive income                                                                                                                                |                        112,177                                                                         |   |                         51,389                                                              |
| Accumulated deficit                                                                                                                                                   |                   (4,109,532)                                                                                                   |   |                     (897,409)                                                                                   |
| Total Garb Oil & Power stockholders' equity (deficit)                                                                                                             |                   (4,280,155)                                                                                                   |   |                  (5,427,720)                                                                                                   |
| Non-controlling interest                                                                                                                                              |                        (31,126)                                                                        |   |                       (14,310)                                                                        |
| Total  stockholders' equity (deficit)                                                                                                                       |                   (4,311,281)                                                                                                   |   |                  (5,442,030)                                                                                                   |
| Total liabilities and stockholders' equity (deficit)                                                                                                                  |  $                    137,114                                                                                    |   |  $                   600,980                                                                                    |

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|                                                                                      |  For the year ended                                                                                                                                                                          |
|-------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                      | December 31, 2010                                                                                                                                                                                 |   | December 31, 2009 |
|                                                                                      |                                                                                                                                                                                              |   |   |
| SALES                                                                                     |                                                                                                                                                                                              |   |   |
| Sales                                                                                     |  $                             -            |   |  $                   60,408 |
| Sales-related party                                                                       |                                 - |   |                        39,008 |
| TOTAL SALES                                                                               |                                 - |   |                        99,416 |
| COST OF SALES                                                                             |                                 - |   |                                - |
| GROSS PROFIT                                                                              |                                 - |   |                        99,416 |
|                                                                                      |                                                                                                                                                                                              |   |   |
| OPERATING EXPENSES                                                                        |                                                                                                                                                                                              |   |   |
| Selling, general and administrative                                                       |                   2,341,000                                                                             |   |                     604,634 |
| Total Operating Expenses                                                                  |                   2,341,000                                                                             |   |                     604,634 |
|                                                                                      |                                                                                                                                                                                              |   |   |
| INCOME (LOSS) FROM OPERATIONS                                                             |                 (2,341,000)                                                                                       |   |                   (505,218) |
|                                                                                      |                                                                                                                                                                                              |   |   |
| OTHER INCOME (EXPENSE)                                                                    |                                                                                                                                                                                              |   |   |
| Loss on extinguishment of debt                                                            |                    (360,921)                                                                       |   |                      (18,300) |
| Gain on sale of investment                                                                |                      190,589                                                             |   |                                - |
| Other income (loss)                                                                       |                         (4,468)                                           |   |                             532 |
| Interest expense                                                                          |                    (695,206)                                                                       |   |                      (90,945) |
| Total Other Income (Expense)                                                              |                    (870,006)                                                                       |   |                   (108,713) |
| LOSS BEFORE INCOME TAXES                                                                  |                 (3,211,006)                                                                                       |   |                   (613,931) |
| PROVISION(BENEFIT) FOR INCOME TAXES                                                       |                        17,933                                                  |   |                          3,291 |
|                                                                                      |                                                                                                                                                                                              |   |   |
| NET LOSS BEFORE NON-CONTROLLING INTEREST                                                  |                 (3,228,939)                                                                                       |   |                   (617,222) |
| Net Income (loss) attributable to non-controlling interest                                |                      (16,816)                                                            |   |                           (731) |
| NET LOSS ATTRIBUTABLE TO GARB OIL & POWER                                             |                 (3,212,123)                                                                                       |   |                   (616,491) |
|                                                                                      |                                                                                                                                                                                              |   |   |
| OTHER COMPREHENSIVE INCOME(LOSS):                                                         |                                                                                                                                                                                              |   |   |
| Foreign currency translation adjustment                                                   |                      (60,788)                                                            |   |                        (8,417) |
| TOTAL COMPREHENSIVE INCOME (LOSS)                                                         |                 (3,272,911)                                                                                       |   |                   (624,908) |
| Comprehensive income(loss) attributable to non-controlling interest                       |                      (12,158)                                                            |   |                        (1,683) |
| COMPREHENSIVE INCOME(LOSS) ATTRIBUTABLE TO GARB OIL & POWER                           |  $             (3,260,753)                                                                                                  |   |  $               (623,225) |
|                                                                                      |                                                                                                                                                                                              |   |   |
| BASIC AND DILUTED LOSS PER COMMON SHARE ATTRIBUTABLE TO GARB OIL & POWER SHAREHOLDERS |  $                       (0.03)                                           |   |  $                      (0.01) |
|                                                                                      |                                                                                                                                                                                              |   |   |
| WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING                                             |              105,842,818                                                                                                         |   |                79,250,000 |

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|                                                                               |  Preferred Stock - A                                                             |  Preferred Stock - B |  Common Stock                                                                                |   |                                                                                                    |   |  Accumulated                                                                                             |   |                                                                                    |   |  Total                                                                                     |   |  Non                                                                                                                      |   |  Total                                                                                                                                                 |
|------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|---------------------------|---------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                               |  ($.0001 par value)                                                              |  ($.0001 par value)  |  ($.001 par value)                                                                           |   |  Additional                                                                                        |   |  Comprehensive                                                                                           |   |  Accumulated                                                                       |   |  GARB                                                                                      |   |  Controlling                                                                                                              |   |  Stockholders'                                                                                                                                         |
|                                                                               |  Shares                                                                          |                      |  Amount                                                                                      |   |  Shares                                                                                            |   |  Amount                                                                                                  |   |  Shares                                                                            |   |  Amount                                                                                    |   |  paid in capital                                                                                                          |   |  Income                                                                                                                                                |   |  Deficit |   |  Equity |   |  Interest |   |  Equity (Deficit) |
| Balance, December 31, 2008                                                         |              -       |                      |  $             -            |   |                  - |   |  $             -                        |   | 27,829,291                                                                              |   |  $          27,829                       |   |  $               443,114                       |   |  $                    42,972                       |   |  $                       (280,918) |   |  $            232,997 |   |  $                     (13,579) |   |  $                   219,418 |
| Equity instruments issued for reverse acquisition of RPS                      |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   | 47,170,709                                                                              |   |              47,171            |   |               (6,194,387)                                |   |                                                                                                                                                        |   |   |   |            (6,147,216) |   |   |   |                  (6,147,216) |
| Shares issued for cash                                                             |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   | 2,750,000                                                                               |   |                2,750 |   |                     17,550 |   |                                                                                                                                                        |   |   |   |                  20,300 |   |   |   |                         20,300 |
| Shares issued for liability settlement                                             |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   | 1,500,000                                                                               |   |                1,500 |   |                     25,500 |   |                                                                                                                                                        |   |   |   |                  27,000 |   |   |   |                         27,000 |
| Forgiveness of debt-related party                                                  |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                   852,000            |   |                                                                                                                                                        |   |   |   |                852,000 |   |   |   |                       852,000 |
| Contributed services                                                               |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                   195,273            |   |                                                                                                                                                        |   |   |   |                195,273 |   |   |   |                       195,273 |
| Foreign currency translation adjustment                                            |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                                                                                                                           |   |                          8,417 |   |   |   |                    8,417 |   |   |   |                           8,417 |
| Net loss for the year ended December 31, 2009                                      |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                                                                                                                           |   |                                                                                                                                                        |   |                           (616,491) |   |               (616,491) |   |                              (731) |   |                     (617,222) |
| Balance, December 31, 2009                                                         |              -       |                      |  $             -            |   |                  - |   |  $             -                        |   |            79,250,000            |   |              79,250            |   |               (4,660,950)                                |   |                        51,389            |   |                           (897,409) |   |            (5,427,720) |   |                         (14,310) |   |                  (5,442,030) |
| Reclassification of common stock payable due to increase in authorized shares |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   | 3,150,000                                                                                                                 |   |                                                                                                                                                        |   |   |   | 3,150,000  |   |   |   | 3,150,000  |
| Acquisition of Newview, S.L.                                                       |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                  (870,720)                |   |                                                                                                                                                        |   |   |   |               (870,720) |   |   |   |                     (870,720) |
| Contributed Services                                                               |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                     24,324 |   |                                                                                                                                                        |   |   |   |                  24,324 |   |   |   |                         24,324 |
| Issuance of class A preferred shares for debt                                      |               2 |                      |                 - |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                   134,790            |   |                                                                                                                                                        |   |   |   |                134,790 |   |   |   |                       134,790 |
| Issuance of class B shares for cash                                                |                                                                                  |                      |                                                                                              |   |          26,484                                            |   |                   3 |   |                                                                                    |   |                                                                                            |   |                     63,430 |   |                                                                                                                                                        |   |   |   |                  63,433 |   |   |   |                         63,433 |
| Issuance of class B preferred shares for services                                  |                                                                                  |                      |                                                                                              |   |          97,934                                            |   |                 10            |   |                                                                                    |   |                                                                                            |   |                   244,826            |   |                                                                                                                                                        |   |   |   |                244,836 |   |   |   |                       244,836 |
| Issuance of class B preferred shares for debt                                      |                                                                                  |                      |                                                                                              |   |          80,586                                            |   |                   8 |   |                                                                                    |   |                                                                                            |   |                   375,681            |   |                                                                                                                                                        |   |   |   |                375,689 |   |   |   |                       375,689 |
| Issuance of common stock for cash                                                  |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |              5,175,000 |   |                5,175 |   |                     27,325 |   |                                                                                                                                                        |   |   |   |                  32,500 |   |   |   |                         32,500 |
| Issuance of common stock for debt                                                  |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   | 26,321,842                                                                              |   |              26,322            |   | 363,155                                                                                                                        |   |                                                                                                                                                        |   |   |   |                389,477 |   |   |   |                       389,477 |
| Issuance of common stock for services                                              |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   | 2,200,000                                                                               |   |                2,200 |   | 86,050                                                                                                                         |   |                                                                                                                                                        |   |   |   |                  88,250 |   |   |   |                         88,250 |
| Issuance of common stock interest expense                                          |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   | 7,000,000                                                                               |   |                7,000 |   | 238,000                                                                                                                        |   |                                                                                                                                                        |   |   |   |                245,000 |   |   |   |                       245,000 |
| Issuance of common stock for prepaid expenses                                      |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   | 6,500,000                                                                               |   |                6,500 |   | 39,000                                                                                                                         |   |                                                                                                                                                        |   |   |   |                  45,500 |   |   |   |                         45,500 |
| Stock option expense                                                               |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   | 14,900                                                                                                                         |   |                                                                                                                                                        |   |   |   |                  14,900 |   |   |   |                         14,900 |
| Loss on forgiveness of debt                                                        |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   | 360,921                                                                                                                        |   |                                                                                                                                                        |   |   |   |                360,921 |   |   |   |                       360,921 |
| Foreign currency translation adjustment                                            |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                                                                                                                           |   | 60,788                                                                                                                                                      |   |   |   |                  60,788 |   |   |   |                         60,788 |
| Net loss for the year ended December 31, 2010                                      |                                                                                  |                      |                                                                                              |   |                                                                                                    |   |                                                                                                          |   |                                                                                    |   |                                                                                            |   |                                                                                                                           |   |                                                                                                                                                        |   |                        (3,212,123) |   |            (3,212,123) |   |                         (16,816) |   |                  (3,228,939) |
| Balance, December 31, 2010                                                         |               2 |                      |  $             -            |   |        205,004                                                       |   |  $             21                       |   |          126,446,842                       |   |  $        126,447                                  |   |  $              (409,268)                           |   |  $                  112,177                                  |   |  $                    (4,109,532) |   |  $        (4,280,155) |   |  $                     (31,126) |   |  $              (4,311,281) |

----

|                                                                                                   | For the year ended                                                                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                   | December 31, 2010                                                                                                                                                                                       |   | December 31, 2009 |
| Cash Flows from Operating Activities:                                                                  |                                                                                                                                                                                                    |   |   |
| Net loss                                                                                          |  $              (3,212,123)                                                                                                  |   |  $                 (616,491) |
| Adjustments to reconcile net loss to net cash from                                                     |                                                                                                                                                                                                    |   |   |
| operating activities:                                                                                  |                                                                                                                                                                                                    |   |   |
| Net loss attributable to non-controlling interest                                                      |                        (16,816)                                                      |   |                             (731) |
| Depreciation                                                                                           |                            6,590                                 |   |                          12,086 |
| Debt issued for services                                                                               |                       500,000                                                             |   |                                   - |
| Stock issued for services                                                                              |                       333,086                                                             |   |                                   - |
| Loan fees                                                                                              |                       201,046                                                             |   |                          15,571 |
| Contributed services                                                                                   |                          24,324                                            |   |                        195,272 |
| Interest expense on beneficial conversion of debt                                                      |                       245,000                                                             |   |                                   - |
| Gain on sale of investment                                                                             |                     (190,590)                                                                       |   |                                   - |
| Loss on disposition of assets                                                                          |                          25,976                                            |   |                          18,300 |
| Stock option expense                                                                                   |                          14,900                                            |   |                                   - |
| Loss on forgiveness of debt                                                                            |                       360,921                                                             |   |                                   - |
| Changes in assets and liabilities:                                                                     |                                                                                                                                                                                                    |   |   |
| Accounts receivable                                                                                    |                          25,105                                            |   |                          41,969 |
| Related party receivable                                                                               |                                  - |   |                      (128,983) |
| Prepaid expenses                                                                                       |                          (5,059)                                           |   |                          (1,307) |
| Accounts payable and accrued expenses                                                                  |                       562,389                                                             |   |                        311,026 |
| Due to related party                                                                                   |                        (67,849)                                                      |   |                          66,905 |
| Accrued interest                                                                                       |                       183,829                                                             |   |                                   - |
| Accrued interest-related party                                                                         |                            8,347                                 |   |                                   - |
| Income taxes payable                                                                                   |                            8,377                                 |   |                                   - |
| Wages andpayroll taxes payable                                                                         |                       572,520                                                             |   |                            5,281 |
| Net cash flows from operating activities                                                               |                     (420,027)                                                                       |   |                        (81,102) |
| Cash flows from investing activities:                                                                  |                                                                                                                                                                                                    |   |   |
| Proceeds from sale of investment                                                                       |                       109,645                                                             |   |                          21,470 |
| Purchase of property and equipment                                                                     |                                  - |   |                        (20,612) |
| Net cash flows from investing activities                                                               |                       109,645                                                             |   |                               858 |
| Cash flows from financing activities:                                                                  |                                                                                                                                                                                                    |   |   |
| Net Proceeds from convertible debentures                                                               |                       136,902                                                             |   |                            6,000 |
| Bank overdraft                                                                                         |                          20,682                                            |   |                                   - |
| Proceeds from issuance of common stock                                                                 |                          32,500                                            |   |                          20,300 |
| Proceeds from issuance of Series B preferred shares                                                    |                          63,433                                            |   |                                   - |
| Payments on notes payable-related party                                                                |                        (84,120)                                                      |   |                                   - |
| Proceeds from notes payable-related party                                                              |                          57,585                                            |   |                          66,618 |
| Net cash flows from financing activities                                                               |                       226,982                                                             |   |                          92,918 |
| Net Increase (Decrease) in cash and cash equivalents                                                   |                        (83,400)                                                      |   |                          12,674 |
| Effect of exchange rates on cash                                                                       |                          63,745                                            |   |                            2,173 |
| Beginning Cash and Cash equivalents                                                                    |                          19,657                                            |   |                            4,810 |
| Ending Cash and Cash equivalents                                                                       |  $                              2            |   |  $                    19,657 |
|                                                                                                   |                                                                                                                                                                                                    |   |   |
| Supplemental Disclosures of Cash flow information:                                                     |                                                                                                                                                                                                    |   |   |
| Cash paid for inerest                                                                                  |  $                      4,206                                                        |   |  $                      9,405 |
| Cash paid for income taxes                                                                             |  $                              -            |   |  $                              - |
|                                                                                                   |                                                                                                                                                                                                    |   |   |
| Supplemental Disclosures of Non-cash Investing and Financing Activities                                |                                                                                                                                                                                                    |   |   |
| Series A Preferred shares issued to relieve debt                                                       |  $                  134,790                                                                              |   |  $                              - |
| Stock options granted as partial consideration for acquisition of RPS GmbH Resource Protection Systems |  $               3,150,000                                                                                              |   | $                              - |
| Series B Preferred shares issued to relieve debt                                                       |  $                  375,689                                                                              |   |  $                              - |
| Common stock issued for debt                                                                           |  $                  389,477                                                                              |   |  $                              - |
| Accounts payable converted to notes payable                                                            |  $                    43,217                                                                   |   |  $                              - |
| Shares issued for prepaid expenses                                                                     |  $                    45,500                                                                   |   |  $                              - |
| Shares issued for accrued wages                                                                        |  $                  115,988                                                                              |   |  $                              - |
| Decrease in Due from related party due to acquisition of Newview                                       |  $                  515,084                                                                              |   |  $                              - |
| Increase in Notes payalbe related party due to acquisition of Newview                                  |  $                  355,636                                                                              |   |  $                              - |
| Forgivenss of related party debt                                                                       |  $                              -            |   |  $              1,201,074 |
| Shares issued for debt                                                                                 |  $                              -            |   |  $                   27,000 |
| Liability for stock options in excess of shares authorized                                             |  $                              -            |   |  $              3,150,000 |

----

----

|                                              | For the Years Ended December 31 |
|---------------------------------------------------|---------------------------------|
|                                              |                            | 2010 |   | 2009 |
| Net loss (numerator)                              | $                               | (3,212,123) | $ | (616,491) |
| Weighted average shares outstanding (denominator) |                            | 105,842,818 |   | 79,250,000 |
| Basic loss per share                              | $                               | (0.03) | $ | (0.01) |

----

----

----

|                             |                                                                                                                |   |                                                                     |   | Estimated     |
|----------------------------------|---------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|--------|---------------|
|                             |                                                                                                                |   |                                                                     |   | Service Lives |
|                             | 2010                                                                                                                |   | 2009                                                                     |   | in Years      |
| Office equipment & furniture |  $       30,498                                                             |   |  $       48,515                  |   | 3-7           |
| Vehicles                         |                    - |   |            20,168 |   | 5-7           |
|                             |                                                                                                                |   |                                                                     |   |          |
| Total property and equipment     |            30,498                                            |   |            68,683 |   |          |
|                             |                                                                                                                |   |                                                                     |   |          |
| Less accumulated depreciation    |          (26,892)                                                      |   |          (29,552)           |   |          |
|                             |                                                                                                                |   |                                                                     |   |          |
| Property and equipment, net      |  $          3,606                                            |   |  $       39,131                  |   |          |

----

|                                             | 2010   |   | 2009   |
|--------------------------------------------------|--------|--------|--------|
| Igor Plahuta                                     | $      | -      |   | $ | 83,084 |
| Clinica Dental                                   |   | -      |   |   | 432,000 |
|                                             |   |   |   |   |   |
| Short-Term Notes Receivable from Related Parties | $      | -      |   | $ | 515,084 |

|                                                                                          | 2010                                                                                                                                                          |   | 2009                                                                                                                                                          |
|-----------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related parties, due on demand, no interest, unsecured                  |  $              54,049                                                             |   |  $                      -                  |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, due on demand, plus interest at 10% per annum, unsecured |                312,154                                                             |   |                           - |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, plus interest at 4% per annum                            |                           - |   |                  57,657                                                  |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, due on demand, no interest, unsecured                    |                           - |   |                    6,223                                       |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, due on demand, interest at 5% per annum, unsecured       |                           - |   |                  41,071                                                  |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Total                                                                                         |  $           366,203                                                                              |   |  $           104,951                                                                              |

----

|                                                                                       | 2010                                                                                                                                                          |   | 2009                                                                                                                                         |
|--------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Notes payable to a related parties, due on demand, no interest, unsecured                  |  $                      -                  |   |  $           180,000                                                             |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Notes payable to a related party, due on demand, plus interest at 18% per annum, unsecured |                           - |   |                188,075                                            |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Accounts payable to related party, due on demand, plus interest at 8% per annum, unsecured |                           - |   |                  21,500                                 |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Note payable to a related party, due on demand, plus interest at 5% per month, unsecured   |                           - |   |                  12,364                                 |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Total                                                                                      |                           - |   |                401,939                                            |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Less: Current Portion                                                                      |                           - |   |              (401,939)                                                      |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Long-Term Notes Payable to Related Parties                                                 |  $                      -                  |   |  $                      - |

----

|                       |   | 2010   |        | 2009   |
|----------------------------|--------|--------|-------------|--------|
| Deferred tax assets:       |   |   |        |   |   |   |
| NOL carryover              |   | $      | 1,792,000   |   | $ | 1,066,870 |
| Related parties            |   |   | -           |   |   | 48,380 |
| Accrued wages              |   |   | 300,500     |   |   | 154,320 |
| Capital carryover          |   |   | -           |   |   | - |
| Deferred tax liabilities:  |   |   |        |   |   |   |
| Depreciation               |   |   | -           |   |   | - |
| Foreign amounts owed       |   |   | 16,424      |   |   | 17,244 |
| Valuation allowance        |   |   | (2,092,500) |   |   | (1,269,570) |
| Net deferred tax liability |   | $      | 16,424      |   | $ | 17,244 |

|                                   | 2010   |        | 2009   |
|----------------------------------------|--------|-------------|--------|
| Book income (loss)                     | $      | (1,266,000) |   | $ | (187,659) |
| Related parties                        |   | (48,500)    |   |   | 8,130 |
| Non-deductible meals and entertainment |   | 500         |   |   | - |
| Other non-deductible expenses          |   | 421,000     |   |   | - |
| Accrued wages                          |   | 185,500     |   |   | 93,165 |
| Foreign taxes                          |   | 17,933      |   |   | 3,291 |
| Valuation allowance                    |   | 707,500     |   |   | 86,364 |
| Income tax provision                   | $      | 17,933      |   | $ | 3,291 |

----

----

|                                                                                                                                                                                                                                                           | 2010                                                                                                                                                          |   | 2009                                                                                                                                                          |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due on demand, plus interest  at 12% per annum, unsecured                                                                                                                                                                              |  $              68,493                                                             |   |  $              68,493                                                             |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due on demand, plus interest at 12% per annum, unsecured                                                                                                                                                                                         | 165,000                                                                                                                                                       |   | 165,000                                                                                                                                                       |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Notes payable, due on demand, plus interest at 10% per annum, unsecured                                                                                                                                                                                        | 20,000                                                                                                                                                        |   | 20,000                                                                                                                                                        |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note and fee payable, due on demand, plus interest at 3% per month, unsecured                                                                                                                                                                                  | 6,000                                                                                                                                                         |   | 6,000                                                                                                                                                         |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due September 5, 2006, plus one time loan fee of 100,000 stock options and  interest at 5% per month, unsecured. The Company is in default on this note.                                                                               | 2,750                                                                                                                                                         |   | 2,750                                                                                                                                                         |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Notes payable, due on demand, plus interest at 10%, unsecured                                                                                                                                                                                                  | 7,500                                                                                                                                                         |   | 7,500                                                                                                                                                         |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due on demand, plus interest at 3% per month, unsecured                                                                                                                                                                                          | 3,000                                                                                                                                                         |   | 3,000                                                                                                                                                         |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due on demand, plus interest at $500 per week, secured by sales contract and officer guarantee                                                                                                                                                   | 53,000                                                                                                                                                        |   | 53,000                                                                                                                                                        |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Notes and fees payable, due on demand, 12% interest per annum, unsecured                                                                                                                                                                                       |                           - |   | 46,459                                                                                                                                                        |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due on demand, plus interest at 18% per annum Oct. 7, 2005 through Jan. 6, 2006 then $500 per week through April 1, 2009, then $5,000 per month. The Company is in default on this note.                                                         | 129,327                                                                                                                                                       |   | 129,327                                                                                                                                                       |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due January 6, 2007, one time loan fee of one million shares, secured by all company assets including future sales of cement and urea by a related company accrues interest at 5 %  per annum. The Company is in default on this note. |                  57,200                                                  |   |                  57,200                                                  |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due August 1, 2006, 12% interest, one time loan fee of $2,500, secured by all  company assets. The Company is in default on this note.                                                                                                 |                  10,000                                                  |   |                  10,000                                                  |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due September 5, 2006, plus interest at 5% per month, unsecured. The Company is in default on this note.                                                                                                                                         |                    2,250                                       |   |                    2,250                                       |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due June 23, 2010, plus interest at 6% per annum, unsecured. The Company is in default on this note.                                                                                                                                             |                  43,217                                                  |   |                           - |
|                                                                                                                                                                                                                                                           |                                                                                                                                                          |   |                                                                                                                                                          |
| Note payable, due July 1, 2010, plus interest at 18% per annum, unsecured. The Company is in default on this note.                                                                                                                                             |                330,296                                                             |   |                           - |

----

|                                                                                                                                | 2010                                                                                                                                         |   | 2009                                                                                                                                                          |
|-------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Note payable, due September 30, 2010, plus interest at 18% per annum, unsecured. The Company is in default on this note.            |                165,074                                            |   |                           - |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Note payable, due December 31, 2010, plus interest at 18% per annum, unsecured. The Company is in default on this note.             |                  55,049                                 |   |                           - |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Notes payable, due October 15, 2011, plus interest at 15% per annum, unsecured                                                      |                  47,000                                 |   |                           - |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Note payable, due December 5, 2010, plus interest at 8% per annum, unsecured, convertible into shares of the Company's common stock |                104,066                                            |   |                           - |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Note payable, due February 7, 2011, plus interest at 8% per annum, unsecured, convertible into shares of the Company's common stock |                  68,966                                 |   |                           - |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Note payable, due March 1, 2011, plus interest at 8% per annum, unsecured, convertible into shares of the Company's common stock    |                  77,585                                 |   |                           - |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Note payable, due May 14, 2011, plus interest at 10% per annum, unsecured, convertible into shares of the Company's common stock    |                  28,291                                 |   |                           - |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
|                                                                                                                                |            1,444,064                                                                  |   |                570,979                                                             |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Less: Current Portion                                                                                                               |          (1,444,064)                                                                            |   |              (570,979)                                                                       |
|                                                                                                                                |                                                                                                                                         |   |                                                                                                                                                          |
| Long-Term Notes Payable                                                                                                             |  $                      - |   |  $                      -                  |

| Year Ended December 31, 2011 |   |  $        1,444,064                                                                                              |
|------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2012                         |   |                           - |
| 2013                         |   |                           - |
| 2014                         |   |                           - |
| 2015                         |   |                           - |
| Total                        |   |  $        1,444,064                                                                                              |

| ·   | 50,000,000,000 common shares with a par value of $0.001 per share; and |
|--------------------|------------------------------------------------------------------------|

| ·   | 1,000,000 preferred series A shares with a par value of $0.0001 per share; and  |
|--------------------|--------------------------------------------------------------------------------------|

----

| ·   | 30,000,000 preferred series B shares with a par value of $0.0001 per share; and  |
|--------------------|---------------------------------------------------------------------------------------|

| ·   | 19,000,000 preferred series C shares with a par value of $0.0001 per share |
|--------------------|----------------------------------------------------------------------------|

----

----

| 2010                                                       | Number of shares                                                                                                                                  |   |    | Weighted Average Exercise Price                                                                                                 |   | Remaining Contractual Term  (in years)                                                                    |   | Intrinsic Value                                          |
|------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------|---------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------|
| Beginning balance                                          |                         - |   | $  |                   -                   |   |                    - |   |                                                     |
| Granted                                                    |      100,500,000                                                                                                         |   |    |                  0.01                      |   |                3.84                      |   |                                                     |
| Exercised                                                  |                         - |   |    |                      - |   |                    - |   |                                                     |
| Forfeited/expired                                          |                         - |   |    |                      - |   |                    - |   |                                                     |
| Outstanding at December 31                                 |      100,500,000                                                                                                         |   | $  |               0.01                                        |   |                3.84                      |   |                                                     |
| Exercisable                                                |      100,500,000                                                                                                         |   | $  |               0.01                                        |   |                3.84                      |   |  $       350,000 |
|                                                       |                                                                                                                                              |   |    |                                                                                                                            |   |                                                                                                                |   |                                                     |
| Weighted average fair value of options granted during year |                                                                                                                                              |   | $  |              0.03                                              |   |                                                                                                                |   |                                                     |

|                     |   | Options Outstanding                       |   | Options Exercisable                                         |
|--------------------------|--------|-------------------------------------------|--------|-------------------------------------------------------------|
| Range of Exercise Prices |   | Number Outstanding                        |   | Weighted Average Remaining Contractual Life (in years) |   | Weighted Average Exercise Price |   | Number Exercisable |   | Weighted Average Exercise Price |
| $0.01-$1.00              |   |      100,500,000 |   | 3.84                                                        |   |  $       0.01 |   | 100,500,000 |   |  $     0.01 |

----

----

| i.   | Insufficient control processes for recording and approving journal entries; |
|----------------|-----------------------------------------------------------------------------|

| ii.   | Insufficient policies and procedures over various financial statement areas; |
|-----------------|------------------------------------------------------------------------------|

| iii.   | Failure to correctly record transactions and failure to timely complete documentation, testing and evaluation of internal accounting and financial reporting controls, resulting in untimely completion of accounting, preparation of financial statements and preparation of this annual report. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Name         |   | Age |   | Position                                                                                                                                        |
|--------------|--------|-----|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| John Rossi   |   | 52  |   | CEO, President, Chairman of the Board of Directors, (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) |
| Igor Plahuta |   | 49  |   | Chief Technical Officer, Director European Operations, Director                                                                                 |
| Alan Fleming |   | 51  |   | Chief Operations Officer                                                                                                                        |

----

----

| Name and Principal Position |   | Fiscal Year |   | Annual Compensation Salary ($) |
|-----------------------------|--------|-------------|--------|--------------------------------|
| John Rossi, CEO             |   | 2010        |   | $                              | 220,000 |
|                        |   | 2009        |   | $                              | 99,740 |
| Igor Plahuta, CTO           |   | 2010        |   | $                              | 240,000 |
|                        |   | 2009        |   | $                              | 30,000 |
| Alan Fleming                |   | 2010        |   | $                              | 135,000 |
|                        |   | 2009        |   | $                              | - |

----

| Name                                                | Title of Security | Number of Shares                                                                                                           | Percent of Class |
|-----------------------------------------------------|-------------------|---------------------------------------------------------------------------------------------------------------------------------|-----------------------|
|                                                |              |                                                                                                                            |                  |
| John Rossi                                          | Common            |      15,989,646                                                                                        | 12.65%                |
|                                                | Class A Preferred |                      1 | 50.00%                |
|                                                |              |                                                                                                                            |                  |
| Igor Plahuta                                        | Common            |      13,914,646                                                                                        | 11.00%                |
|                                                | Class A Preferred |                      1 | 50.00%                |
|                                                |              |                                                                                                                            |                  |
| Alan Fleming                                        | Class B Preferred |             11,715                                                  | 5.71%                 |
|                                                |              |                                                                                                                            |                  |
| Current directors and executive officers as a group | Common            |      29,904,292                                                                                        | 23.65%                |
|                                                | Class A Preferred |                      2 | 100.00%               |
|                                                | Class B Preferred |             11,715                                                  | 5.71%                 |
|                                                |              |                                                                                                                            |                  |
| John C. Brewer                                      | Common            |      23,046,611                                                                                        | 18.22%                |
|                                                |              |                                                                                                                            |                  |
| Commodities Trading Corporatoin                     | Common            |      12,790,155                                                                                        | 10.12%                |
|                                                |              |                                                                                                                            |                  |
| Greg Shepard                                        | Common            |        8,615,758                                                                             | 6.81%                 |
|                                                |              |                                                                                                                            |                  |
| Sabine Koehler-Plahuta                              | Common            |        7,000,000                                                                             | 5.54%                 |
|                                                |              |                                                                                                                            |                  |
| Pentony Enterprises                                 | Common            |        6,500,000                                                                             | 5.14%                 |
|                                                |              |                                                                                                                            |                  |
| Garbalizer Corporation of America                   | Common            |        2,044,938                                                                             | 1.62%                 |
|                                                |              |                                                                                                                            |                  |
| Mathhew Shepard                                     | Class B Preferred |             17,130                                                  | 8.36%                 |
|                                                |              |                                                                                                                            |                  |
| Bill Vee Anderson                                   | Class B Preferred |             13,456                                                  | 6.56%                 |
|                                                |              |                                                                                                                            |                  |
| LMW Holding Company Inc.                            | Class B Preferred |               8,000                                       | 3.90%                 |

----

|                                                                                          | 2010                                                                                                                                                          |   | 2009                                                                                                                                                          |
|-----------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related parties, due on demand, no interest, unsecured                  |  $              54,049                                                             |   |  $                      -                  |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, due on demand, plus interest at 10% per annum, unsecured |                312,154                                                             |   |                           - |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, plus interest at 4% per annum                            |                           - |   |                  57,657                                                  |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, due on demand, no interest, unsecured                    |                           - |   |                    6,223                                       |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Accounts payable to a related party, due on demand, interest at 5% per annum, unsecured       |                           - |   |                  41,071                                                  |
|                                                                                          |                                                                                                                                                          |   |                                                                                                                                                          |
| Total                                                                                         |  $           366,203                                                                              |   |  $           104,951                                                                              |

|                                                                                       | 2010                                                                                                                                                          |   | 2009                                                                                                                                         |
|--------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Notes payable to a related parties, due on demand, no interest, unsecured                  |  $                      -                  |   |  $           180,000                                                             |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Notes payable to a related party, due on demand, plus interest at 18% per annum, unsecured |                           - |   |                188,075                                            |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Accounts payable to related party, due on demand, plus interest at 8% per annum, unsecured |                           - |   |                  21,500                                 |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Note payable to a related party, due on demand, plus interest at 5% per month, unsecured   |                           - |   |                  12,364                                 |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Total                                                                                      |                           - |   |                401,939                                            |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Less: Current Portion                                                                      |                           - |   |              (401,939)                                                      |
|                                                                                       |                                                                                                                                                          |   |                                                                                                                                         |
| Long-Term Notes Payable to Related Parties                                                 |  $                      -                  |   |  $                      - |

----

|               | December 31, |   | December 31, |
|--------------------|--------------|--------|--------------|
| Fee Category       | 2010         |   | 2009         |
|               |         |   |         |   |   |
| Audit Fees         | $            | 52,000 |         | $ | 41,000 |
| Audit-related Fees |         | -      |         |   | - |
| Tax Fees           |         | 200    |         |   | 4,500 |
| All other fees     |         | -      |         |   | - |
|               |         |   |         |   |   |
| Total Fees         | $            | 52,200 |         | $ | 45,500 |

----

| No.  |   | Description                                                                                                                                                                      |   | Location           |
|------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------|
| 24.1 |   | Power of Attorney (set forth on the signature page to this Annual Report on Form 10-K)                                                                                           |   | Filed herewith     |
| 31.1 |   | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer                                                                                                           |   | Filed herewith     |
| 31.2 |   | Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                           |   | Filed herewith     |
| 32.1 |   | Certification of Chief Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |   | Furnished herewith |

----

| DATED this 8th day of March, 2012 | GARB OIL & POWER CORPORATION                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                              |                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                              | By: /s/ John Rossi                                                                   |
|                              | John Rossi, President and Chief Executive Officer                                                                                                                                                                                                                                                                                                                                                                              |

| Name and Signature           | Title                                                                                                                                                 | Date               |
|------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|
| /s/ John RossiJohn Rossi     | President, Chief Executive Officer, Chairman and Director (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) | March 8, 2012 |
| /s/ Igor PlahutaIgor Plahuta | Director                                                                                                                                              | March 8, 2012 |
| /s/ Alan FlemingAlan Fleming | Director                                                                                                                                              | March 8, 2012 |

----