NOTE 8 - INVESTMENT IN JOINT VENTURES	3 Months Ended
Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Unobservable Inputs, Description and Development, Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures (Deprecated 2011-01-31)	NOTE 8 – INVESTMENT IN JOINT VENTURES First American Scientific Corp ( Malaysia ) Bhd. Sdn, 50/50 joint venture As of December 31, 2011, the Company had a 50% non-controlling joint venture ownership interest in First American Scientific Malaysia Bhd Sdn. The joint venture acts as a marketing and manufacturing representative under license for Malaysia, Thailand, Singapore and Indonesia. On June 30, 2009, due to the inability to have audited financial report from Malaysia, it was concluded that there is doubt regarding the ability of the joint venture to continue a as going concern and we have fully impaired the carrying value of our interest in the Malaysian joint venture. JP FASKorea Co Ltd, 50/50 - joint venture – South Korea As of December 31, 2011, the Company had a 50% non-controlling joint venture ownership interest in JP FASKorea Co. Ltd. The joint venture acts as a marketing and manufacturing representative under license for South Korea. On June 30, 2009, due to the inability to have audited financial reports, it was concluded that there is doubt regarding the ability of the joint venture to operate as going concern and we have fully impaired the carrying value of our interest in the Korean joint venture.

NOTE 8 - INVESTMENT IN JOINT VENTURES

3 Months Ended

Dec. 31, 2011

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Unobservable Inputs, Description and Development, Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures (Deprecated 2011-01-31)

NOTE 8 – INVESTMENT IN JOINT VENTURES

First American Scientific Corp ( Malaysia ) Bhd. Sdn, 50/50 joint venture

As of December 31, 2011, the Company had a 50% non-controlling joint venture ownership interest in First American Scientific Malaysia Bhd Sdn. The joint venture acts as a marketing and manufacturing representative under license for Malaysia, Thailand, Singapore and Indonesia. On June 30, 2009, due to the inability to have audited financial report from Malaysia, it was concluded that there is doubt regarding the ability of the joint venture to continue a as going concern and we have fully impaired the carrying value of our interest in the Malaysian joint venture.

JP FASKorea Co Ltd, 50/50 - joint venture – South Korea

As of December 31, 2011, the Company had a 50% non-controlling joint venture ownership interest in JP FASKorea Co. Ltd. The joint venture acts as a marketing and manufacturing representative under license for South Korea. On June 30, 2009, due to the inability to have audited financial reports, it was concluded that there is doubt regarding the ability of the joint venture to operate as going concern and we have fully impaired the carrying value of our interest in the Korean joint venture.

FIRST AMERICAN SCIENTIFIC CORP. 10-Q