0001213900-15-008945.txt : 20151120 0001213900-15-008945.hdr.sgml : 20151120 20151120152209 ACCESSION NUMBER: 0001213900-15-008945 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20150930 FILED AS OF DATE: 20151120 DATE AS OF CHANGE: 20151120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAC GLOBAL TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0000006732 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 870678927 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-49655 FILM NUMBER: 151246447 BUSINESS ADDRESS: STREET 1: 4720 SALISBURY ROAD CITY: JACKSONVILLE STATE: FL ZIP: 32256 BUSINESS PHONE: 904-493-6496 MAIL ADDRESS: STREET 1: 4720 SALISBURY ROAD CITY: JACKSONVILLE STATE: FL ZIP: 32256 FORMER COMPANY: FORMER CONFORMED NAME: LIPIDVIRO TECH INC DATE OF NAME CHANGE: 20040329 FORMER COMPANY: FORMER CONFORMED NAME: ANTICLINE URANIUM INC DATE OF NAME CHANGE: 20000101 10-Q 1 f10q0915_nacglobaltech.htm QUARTERLY REPORT

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

☒   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2015

 

☐   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE EXCHANGE ACT

 

For the transition period from ____________ to____________

 

Commission File No. 000-49655

 

NAC GLOBAL TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   87-0678927
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification No.)

 

4720 Salisbury Road

Jacksonville, FL 32256

(Address of principal executive offices)

 

(904) 493-6496

(Registrant’s telephone number, including area code)

  

n/a

(Former name, former address and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒   No ☐

 

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒   No ☐.  

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐ Accelerated filer ☐
Non-accelerated filer ☐ Smaller reporting company ☒
(Do not check if a smaller reporting company)

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐  No ☒

 

As of November 19, 2015, there were 35,262,014 shares of common stock, $0.001 par value, of the registrant issued and outstanding.

 

 

 

 

 

NAC GLOBAL TECHNOLOGIES, INC.

QUARTERLY REPORT ON FORM 10-Q

For the quarter ended September 30, 2015

 

 

Page

Number

PART I - FINANCIAL INFORMATION  
Item 1. Financial Statements 3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 11
Item 3. Quantitative and Qualitative Disclosures About Market Risk 15
Item 4. Controls and Procedures 15
PART II - OTHER INFORMATION  
Item 1. Legal Proceedings 16
Item 1A. Risk Factors 16
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16
Item 3. Defaults Upon Senior Securities 16
Item 4. Mine Safety Disclosures 16
Item 5. Other Information 16
Item 6. Exhibits 17
SIGNATURES 18

 

 2 

 

 

PART I - FINANCIAL INFORMATION

 

Item 1.  Financial Statements 

 

NAC GLOBAL TECHNOLOGIES, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

 

   September 30   December 31 
   2015   2014 
         
ASSETS        
         
Current assets:        
Cash  $29,689   $8,224 
Accounts receivable   107,713    91,480 
Inventories   34,988    35,168 
Prepaid expenses   -    10,500 
Deferred offering costs   57,441    48,725 
Total current assets   229,831    194,097 
           
Property and equipment, net   978    1,397 
Deposit   -    63,800 
           
Total assets  $230,809   $259,294 
           
LIABILITIES AND STOCKHOLDERS' DEFICIT          
           
Current Liabilities:          
Accounts payable  $671,652   $390,578 
Accounts payable - related party   97,029    144,646 
Accrued expenses   154,746    129,145 
Customer deposits   32,708    - 
Short term debt   71,619    84,700 
Convertible notes, net of debt discounts   705,609    453,579 
Short-term debt – related parties   349,500    380,500 
Derivative liabilities   599,189    297,215 
Total current liabilities   2,682,052    1,880,363 
           
Stockholders' deficit          
           
Common stock, $0.001 par value; 150,000,000 shares authorized; 25,762,014 and 25,250,001 shares issued and outstanding   25,762    25,250 
Additional paid-in capital   742,720    611,105 
Accumulated deficit   (3,219,725)   (2,257,424)
           
Total stockholders' deficit   (2,451,243)   (1,621,069)
           
Total liabilities and stockholders' deficit  $230,809   $259,294 

 

See accompanying notes to unaudited consolidated financial statements.

 

 3 

 

 

NAC GLOBAL TECHNOLOGIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 

   Three months ended September 30,   Nine months ended
September 30,		 
   2015   2014   2015   2014 
                 
Revenues  $254,598   $118,944   $574,564   $387,977 
Cost of goods sold   181,966    75,940    409,252    277,936 
Gross profit   72,632    43,004    165,312    110,041 
                     
Operating expenses:                    
Selling, general and administrative expenses   119,247    419,813    584,944    694,930 
                     
Net loss from operations   (46,615)   (376,809)   (419,632)   (584,889)
                     
Other income (expenses):                    
Other income (expense)   (215)   -    924    - 
Acquisition expenses   -    -    -    (275,000)
Interest expense   (77,877)   (114,234)   (452,763)   (184,159)
Gain (Loss) on debt extinguishment   5,261    -    (38,664)   - 
Derivative gain (loss)   (522,302)   981,195    (52,166)   (863,279)
                     
Net income (loss)  $(641,748)  $490,152   $(962,301)  $(1,907,327)
                     
Net income (loss) per share - Basic  $(0.02)  $0.02   $(0.04)  $(0.08)
Net income (loss) per share - Diluted  $(0.02)  $(0.01)  $(0.04)  $(0.08)
                     
Weighted average shares outstanding - Basic   25,704,137    24,397,746    25,497,640    24,069,216 
Weighted average shares outstanding - Diluted   25,704,137    26,358,751    25,497,640    24,069,216 

 

See accompanying notes to unaudited consolidated financial statements.

 

 4 

 

 

NAC GLOBAL TECHNOLOGIES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

   Nine months ended
September 30,		 
   2015   2014 
         
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss  $(962,301)  $(1,907,327)
Adjustments to reconcile net loss to net cash used in operating activities          
Stock compensation expense   90,000    190,375 
Derivative loss   52,166    863,279 
Loss on debt extinguishment   38,664    - 
Amortization on of debt discount and deferred financing   392,376    149,768 
Depreciation expense   419    140 
Changes in operating assets and liabilities          
Accounts receivable   (16,233)   3,624 
Inventory   180    (11,322)
Prepaid Expenses   16,500    - 
Accounts payable   244,160    303,855 
Accounts payable - related party   (47,617)   138,414 
Accrued expenses   79,814    60,331 
Customer deposits   (32,708)   22,240 
           
Net cash used in operating activities   (79,164)   (186,623)
           
CASH FLOWS FROM INVESTING ACTIVITIES:          
Cash paid for purchase of fixed assets   -    (1,676)
Cash paid for intangible assets   -    (4,482)
Deposits   63,800    (13,500)
           
Net cash provided by (used in) investing activities   63,800    (19,658)
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from short-term debt   23,664    - 
Payments of short-term debt   (36,835)   (18,592)
Proceeds from short-term debt - related parties   25,000    160,000 
Payments of short-term debt - related parties   (56,000)   (16,500)
Proceeds from convertible debt, net of original issue discounts and fees   81,000    134,000 
Payment of deferred offering costs   -    (51,647)
           
Net cash provided by financing activities   36,829    207,261 
           
NET INCREASE IN CASH   21,465    980 
           
CASH AT BEGINNING OF PERIOD   8,224    10,269 
CASH AT END OF PERIOD  $29,689   $11,249 
           
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION          
Interest paid  $21,644   $12,714 
Income taxes paid   -    - 
           
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES          
Debt discount resulting from derivative liability  $270,116   $341,897 
Acquisition expenses paid out on convertible debt proceeds   -    275,000 
Deferred financing fees paid through issuance of note   9,000    - 
Prepaid interest paid though issuance of note   6,000    - 
Legal fees paid through issuance of note   10,000    - 
Debt converted to equity   20,000    - 
Accrued interest added to debt principal   63,123    - 
Shares issued with debt   -    13,636 
Shares issued with deferred financing costs   -    1,875 

 

See accompanying notes to unaudited consolidated financial statements.

 

 5 

 

 

NAC GLOBAL TECHNOLOGIES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited) 

 

NOTE 1 - BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Operations

NAC Global Technologies, Inc. (“NAC Global”) is an emerging growth, technology development and manufacturing company.

 

NAC Global has one (1) wholly owned, consolidated subsidiary NAC Drive System, Inc. (“NAC”) that is a supplier of harmonic gearing products and precision drives. Harmonic gearing technology (HGT) is a precise, high ratio, high efficiency motion control technology that is critical in industrial and national defense applications due to its long life, precision, efficiency, weight-to-power ratio, and size. NAC serves customers globally in a variety of markets, including robotics, machine tools, medical, printing, corrugated, semiconductor and the defense industry. NAC operates out of Jacksonville, Florida and Port Jervis, New York. It maintains an office in Florida and completes the majority of its engineering, sales, assembly, quality inspection, and shipments from its New York facility.

 

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of NAC Global and NAC (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K (the “Form 10-K”) filed with the Securities and Exchange Commission on April 15, 2015 as amended. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2014 as reported in the Form 10-K have been omitted.

 

Principles of consolidation

The consolidated financial statements include the accounts of NAC Global and its wholly-owned subsidiary, NAC. All intercompany accounts and transactions are eliminated in consolidation.

 

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Concentration of risks

The Company maintains its cash primarily in one financial institution. The balance, at times may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk to cash.

 

Two customers accounted for approximately 25% and 20% of the Company’s revenues for the nine months ended September 30, 2015. Two customers accounted for approximately 44% and 13% of the Company’s revenues for the nine months ended September 30, 2014. In addition, these customers accounted for 21% and 41% of the Company’s accounts receivable balance at September 30, 2015 and 2014, respectively.

 

 6 

 

 

Nine Months Ended September 30, 2015  Customer  Customer
Sales		   % of
Total
Revenue		   Accounts Receivable (AR)   % of AR 
   1  $146,099    25%  $22,356    21%
   2  $114,360    20%  $0    0%
      $360,459    45%  $22,356    21%

 

Nine Months Ended September 30, 2014  Customer  Customer
Sales		   % of
Total
Revenue		   Accounts
Receivable
(AR)		   % of AR 
   1  $169,776    44%  $15,228    17%
   2  $49,608    13%  $21,528    24%
      $219,384    57%  $36,756    41%

 

The Company sells to both domestic and international customers. For the nine months ended September 30, 2015 and 2014, revenues generated through transactions with international customers amounted to approximately 32% (20% Hong Kong, 5% Brazil, 4% India, 3% others) and 10% (5% Mexico, 4% India, 1% others), respectively, of the Company’s total revenues.

 

NAC currently purchases all of its drive components from one supplier. The loss of this supplier could cause delays and a possible loss of sales which would affect operating results adversely. 

 

Fair value measurements

The carrying amounts reported in the consolidated balance sheets for accounts receivable and payables, inventory and debt are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and, if applicable, the stated rate of interest is equivalent to rates currently available.

 

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows:

 

Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

 

Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

 

Level 3: inputs to the valuation methodology are unobservable and significant to the fair value.

 

The following table presents the derivative financial instruments, the Company’s only financial liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis, and their level within the fair value hierarchy as of September 30, 2015 and December 31, 2014.

 

As of September 30, 2015  Amount   Level 1   Level 2   Level 3 
                 
Embedded conversion derivative liability  $598,922           $598,922 
Warrant derivatives  $267              267 
   $599,189   $-   $-   $599,189 

 

As of December 31, 2014  Amount   Level 1   Level 2   Level 3 
                 
Embedded conversion derivative liability  $297,215   $-   $-   $297,215 

 

The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs:

 

Balance at December 31, 2014  $297,215 
Fair value of embedded conversion derivative liability at issuance   270,116 
Unrealized derivative loss included in other income (expense)   52,166 
Fair value of derivative liability associated with debt converted   (20,308)
Balance at September 30, 2015  $599,189 

 

 7 

 

 

The fair value of the derivative liability is calculated at the time of issuance and the Company records a derivative liability for the calculated value. The derivative liability is marked to market at each reporting period and changes in the fair value of the derivative liability are recorded in other income (expense) in the consolidated statements of operations.

 

The following are the assumptions used for derivative instruments valued using the Black-Scholes option pricing model:

 

   At
September 30, 2015		   At
December 31, 2014		 
Market value of stock on measurement date  $0.05   $0.48%
Risk-free interest rate   .02-0.06%   0.04%
Dividend yield   0%   0%
Volatility factor   244%-314%   151%
Term   0.27-0.48 years    0.33 years 

 

Recently adopted accounting pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

 

NOTE 2 - GOING CONCERN

 

The accompanying financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the financial statements, during the nine months ended September 30, 2015, the Company incurred net losses of $962,301 and has a working capital deficit of $2,452,221 as of September 30, 2015. If the Company is unable to generate profits and is unable to continue to obtain financing for its working capital requirements, it may have to curtail its business sharply or cease business altogether. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

The consolidated financial statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

The Company is taking certain steps to provide the necessary capital to continue its operations. These steps include, but are not limited to: (1) focus on sales to minimize the need for capital at this stage; (2) raise additional equity or debt financing; and (3) continue to focus on reductions in cost where possible.

 

 8 

 

 

NOTE 3 - DEBT

 

Short-term debt

As of September 30, 2015 and December 31, 2014, the Company had a term loan with a third party financial institution for $124,000 with an outstanding balance of $64,131 and $84,700. The note is subject to annual interest of 4.5%. The note is collateralized by all of the assets of NAC and Conic Systems Inc. (“Conic”), an entity owned by the Company’s Chief Executive Officer (“CEO”), and a guarantee issued by the Company’s CEO. $20,659 was repaid on this note during the nine months ended September 30, 2015.

 

On May 1, 2015, the Company issued a revolving $30,000 note for inventory financing. The note is subject to a 15% annual interest rate and has a term of 120 days. The balance as of September 30, 2015 was $7,488 which was fully paid in October 2015. Aggregate borrowings and repayments under this revolving note during the nine months ended September 30, 2015 were $23,664 and $16,176, respectively.

 

Short-term debt - related parties

As of September 30, 2015 and December 31, 2014, the Company had an outstanding non-interest bearing loan from Vincent Genovese, its CEO and majority shareholder, amounting to $14,500 and $20,500, respectively. The Company also obtained a loan from a family member of the CEO amounting to $200,000 which is subject to annual interest of three percent (3%). The outstanding balance under this note was $200,000 as of December 31, 2014 and has been reduced to $150,000 as of September 30, 2015. The Company has made principal payments on both loans amounting to $56,000. Both loans have no stated maturity date.

 

On January 20, 2014, the Company obtained a non-interest bearing loan from the CEO amounting to $115,000. The loan matured on May 30, 2014 and is currently past due. On May 1, 2015, the note was assumed by Conic.

 

In January and April 2014, the Company obtained non-interest bearing loans from a director each amounting to $10,000. The loans have a term of six (6) months and the outstanding balance on these loans as of September 30, 2015 amounted to $20,000 and are currently past due.

 

In April 2014, the Company issued a note to a director amounting to $25,000. The note is subject to annual interest of 12.5% and a minimum interest of $1,562. The note shall be paid at the earlier of the Company’s receipt of $50,000 in debt or equity funding or 365 days. As of September 30, 2015, the note remains outstanding and is currently past due.

 

In August 2015, Conic loaned NAC Global Technologies, Inc. $25,000 at zero interest with a maturity date of December 31, 2015. As of September 30, 2015, the full principal amount of the note remains outstanding.

 

Convertible notes

 

A summary of the activity in convertible notes for the nine months ended September 30, 2015 is shown below:

 

Balance at January 1, 2015  $453,579 
Issuance of convertible note   100,000 
Accrued interest added to debt principal   63,123 
Debt discount resulting from derivative liability   (270,116)
Write off of debt discount due to debt extinguishment   26,811 
Debt converted to common stock   (20,000)
Amortization of debt discounts   352,212 
   $705,609 

 

On January 8, 2015, the Company issued a 3% original issue discount convertible note to an accredited investor in the amount of $100,000 with a term of one (1) year and a conversion price equal to the lower of $0.50 or 80% of the share price that will be used by the Company in its next share issuance. In connection with the issuance of the note, the Company also issued warrants to purchase 21,800 shares of common stock at an exercise price of $0.63 per share and a term of two (2) years. The note is subject to annual interest of 12% and the Company was required to prepay six (6) months of interest amounting to $6,000 which is included in the principal amount. Due to the variable conversion rate on the note, the embedded conversion feature and the warrants issued with the note qualified for derivative accounting. The fair value of the embedded conversion option and the warrants including the original issue discount of $3,000 totaled $95,322 was recognized as a discount to the note. The Company also paid deferring financing fees of $9,000. The debt discount and deferred financing fees were amortized over the term of the note.

 

On January 13, 2015, the Company amended two of its existing 12% notes totaling $100,000 to increase the interest rate from 12% to 15% and 25,000 additional shares of common stock were issued in connection with the modification. The modification was deemed substantial and was accounted for as a debt extinguishment under ASC 470. The fair value of the additional shares issued, including the unamortized debt discount and deferred financing fees, at the date of modification totaling to $34,878 was recognized as a loss on debt extinguishment. These two notes also became convertible during the three months ended March 31, 2015. Due to the variable conversion rate on the notes, the embedded conversion feature qualified for derivative accounting. The fair value of the embedded conversion option of $88,419 was recognized as a debt discount and amortized over the term of the note.

 

 9 

 

 

During the nine months ended September 30, 2015, three notes issued in 2014 became convertible. Due to the variable conversion rate on the notes, the embedded conversion feature qualified for derivative accounting. The fair value of the embedded conversion option of $89,375 was recognized as a discount to the notes and were amortized over the term of the notes.

 

On May 5, 2015, a portion of a convertible note amounting to $10,000 was converted in exchange for 57,143 shares of common stock. The Company compared the fair value of the shares issued with the carrying value of the note converted which includes the corresponding unamortized debt discount and the derivative liability at the date of conversion and recognized a loss on debt extinguishment upon conversion amounting to $9,047.

 

On August 16, 2015, a portion of a convertible note amounting to $10,000 was converted in exchange for 129,870 shares of common stock. The Company compared the fair value of the shares issued with the carrying value of the note converted which includes the corresponding unamortized debt discount and the derivative liability at the date of conversion and recognized a gain on debt extinguishment upon conversion amounting to $5,261.

 

On September 23, 2015, the Company amended the existing loan with a principal balance of $375,000. As a result of the amendment, unpaid interest of $63,123 was added as debt principal and the maturity date on the note was extended to March 23, 2016.

 

NOTE 4 - EQUITY

 

On January 13, 2015, the Company issued 25,000 shares of common stock in connection with the modification of two existing convertible notes. The fair value of the shares amounting to $8,750 was recognized as a loss on debt extinguishment. See Note 3.

 

On April 30, 2015, the Company entered into a consulting agreement with a third party for business development and U.S. government grant assistance.  In connection with such agreement, the Company issued 300,000 restricted shares of common stock as consideration for such services. The fair value of the shares amounting to $90,000 was recognized as stock-based compensation expense.

 

On May 5, 2015 the Company issued 57,143 shares of common stock in connection with the conversion of $10,000 principal amount of a convertible note.

 

On August 6th, 2015, the Company issued 129,870 shares of common stock in connection with the conversion of $10,000 in principal amount of a convertible note.

 

NOTE 5 - RELATED PARTY TRANSACTIONS

 

The Company recognized revenues for products sold to Conic amounting to $13,445 and $11,746 for the nine months ended September 30, 2015 and 2014, respectively. As of September 30, 2015 and 2014, outstanding accounts receivable from Conic for such sales were $0 and $4,346, respectively.

 

Conic also bills the Company for certain expenses related to payroll and employee benefits, rent and occupancy costs, advertising, travel expenses and other expenses paid for by Conic on behalf of NAC. Payroll and employee benefits billed to NAC were for personnel who spend a percentage of their time on NAC’s operations. The administrative and warehouse facilities used by NAC are owned by the majority shareholder, our Chief Executive Officer, Vincent Genovese, and the allocable cost related to the use of these facilities are likewise charged to NAC by Conic. For the nine months ended September 30, 2015, Conic billed the Company a monthly fee of $7,528 or a total of $67,752 for services and reimbursement of expenses of $13,906. Services provided include warehouse, IT systems, equipment use, factory labor, engineering, shipping and receiving. The outstanding amount payable to Conic related to the above expenses amounted to $97,029 as of September 30, 2015. 

 

On May 5, 2015, Mr. Genovese refunded the Company the $63,800 deposit held in connection with the planned acquisition of Conic. 

 

NOTE 6 - SUBSEQUENT EVENTS

 

On October 6, 2015, NAC Global Technologies, Inc. (the “Company”) commenced a public offering for the sale of Units (“Units” or each a “Unit”), each Unit consisting of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock and one Series B warrant to purchase one share of common stock. The purchasers (the “Purchasers”) of the Units each entered into a subscription agreement with the Company. The Company sold 9,500,000 Units at a purchase price of $0.05 per Unit for an aggregate purchase price of $475,000 (the “Offering”) which such amount consisted of $250,000 of cash from certain investors and $225,000 of convertible notes that were exchanged for the Units in this Offering. The closing of the sale of the Units took place on October 9, 2015.

 

On October 14, 2015, the Company paid $85,000 as full repayment of two convertible notes including interest of $12,000 and principle amounts of $46,500 and $26,500.

 

 10 

 

 

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Forward-looking Statements

 

The following discussion and analysis of our financial condition and results of operations for the three and nine months ended September 30, 2015 should be read together with our consolidated financial statements and related notes included elsewhere in this quarterly report on Form 10-Q. This discussion contains forward-looking statements and information relating to our business that reflect our current views and assumptions with respect to future events and are subject to risks and uncertainties that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These forward-looking statements speak only as of the date of this report. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, or achievements. Except as required by applicable law, including the securities laws of the United States, we expressly disclaim any obligation or undertaking to disseminate any update or revisions of any of the forward-looking statements to reflect any change in our expectations with regard thereto or to conform these statements to actual results.

 

Overview

 

NAC Global Technologies, Inc. is a development and manufacturing company. Our platform technology is harmonic gearing (HGT), which is of key importance in the automation, robotics, and defense industries and is a gearing technology for precision motion control applications. We have one operating subsidiary, NAC Drive Systems, Inc. Our corporate headquarters are located in Jacksonville, Florida, and we have manufacturing and warehousing facilities in Port Jervis, New York.

 

HGT is a critical drive to robotics, semi-conductor, aerospace, and defense industries. As a result of the increase in automation, miniaturization, robotic and unmanned systems, we believe the use of HGT is increasing significantly over the next five (5) years. We estimate the addressable market is multi-billion with little competition. The primary attributes of HGT include light weight, small size, high efficiency, high precision, and very low wear that results in consistent performance over their life. Whereas, conventional gearing performance begins to degrade immediately upon use. Products that utilize HGT in their manufacturing or design include industrial robots, personal robots, cell phones and electronics, chip making, medical equipment, communication systems, defense systems, drones and unmanned vehicles, automobiles, space craft and aircraft as examples. We are establishing network of sales representatives throughout the United States and have established distributors in Korea, Brazil, and India with more planned throughout Eastern and Western Europe in particular. We have active customers in Asia, South America, North America and Europe.

 

In addition to our HGT drives, NAC is progressing towards the introduction of a new alternative energy source utilizing commercial aluminum as a fuel source. NAC, and the technology inventors are at the stage of planning production prototypes of a new 250 KW fuel cell for customer demonstration and validation. The technology holds three US patents and its break through includes the efficient use of aluminum as an energy source, a non-volatile fuel cell capable of transport and/or on aircraft, and a fuel cell with non-hazardous waste.

 

Recent Events

 

In the three months ended September 30, 2015 the Company has continued to see adoption and high demand of its HGT in multiple market segments and geographies. Overall revenues increased by 115% over the same period in the prior year and 30% over the prior quarter. Operating losses for the three months ended September 30, 2015, were ($46,615) as compared to ($140,827) for the three months ended June 30, 2015, a 67% improvement. The recent customer adoption of our HGT drives is expected to increase recurring revenues. Our sales pipeline includes a large demand, particularly in the robotics and machine tool markets. We anticipate continued strong demand and expect that demand to translate into revenues over the next six to nine months as customers integrate our HGT drives into their production plans. New customer applications include drives for helicopter landing gear actuators with a Brazilian based aerospace manufacture. The company and customer are in the documentation and validation phase and a three year production contract is anticipated in the coming months valued at approximately $1,000,000 over the three year term. The project is expected to extend to at least ten years. Active inquiry and pre-contract sales negotiations include high volume robots application including one in the contract negotiation / engineering validation staged valued at over $18,000,000 annually. Our ability to execute on this and other large production contracts is in part based upon adequate funding.

 

We successfully closed our first public offering on October 9, 2015 raising $475,000 consisting of $250,000 of cash from investors and $225,000 of convertible notes that were exchanged for the Units in the offering. Net cash proceeds to the company were $216,285. $85,000 of the proceeds were used to repay convertible debt. The company benefited additionally by debt forgiveness of approximately $180,041 by a convertible note holder. We still need additional funding and believe that working capital of $500,000 is sufficient cash to fund us over the next six to nine months.

 

 11 

 

 

Results of Operations

 

Comparison of Three Months Ended September 30, 2015 and September 30, 2014 

 

Revenues 

 

Sales revenues for the three months ended September 30, 2015 totaled $254,598 as compared to $118,944 for the three months ended September 30, 2014. NAC Drive Systems, Inc., our wholly-owned operating subsidiary, generated all of our revenues via harmonic gearing product sales.

 

Cost of Goods - Gross Margin

 

Gross margin was 29% for the three months ended September 30, 2015 as compared to 36% for the three months ended September 30, 2014. Gross margins are expected to improve as revenues increase due to the economies of scale and reduced concentrations, and management considers the variance normal due to product mix.

 

Operating Expenses 

 

Operating expenses for the three months ended September 30, 2015 totaled $119,247 compared to $419,744 for the three months ended September 30, 2014. The decrease over the same period in the prior year is mostly attributed to expenses associated with going public in 2014. Operating expenses for the three months ended September 30, 2014 included $82,500 in non-cash stock compensation expenses to a consulting firm, $23,778 in investor relations expenses, and $153,014 in legal expenses.

 

Net Income/Loss

 

The net income (loss) for the three months ended September 30, 2015 was ($641,748), included $77,877 in interest expense and $522,302 in derivative loss

 

The net income for the three months ended September 30, 2014, included $82,500 in non-cash stock compensation expenses, $89,994 in debt discount expenses in connection with convertible notes, $114,234 in interest expenses, and $981,195 in derivative income.

 

Nine Months Ended September 30, 2015 Compared with Nine Months Ended September 30, 2014

 

Revenues

 

Sales revenues for the nine months ended September 30, 2015 totaled $574,564 as compared to $387,977 for the nine months ended September 30, 2013. NAC Drive Systems, Inc., our wholly-owned operating subsidiary, generated all of our revenues via harmonic gearing product sales. Management attributes the increase in revenues from new customers.

 

 12 

 

 

Cost of Goods - Gross Margin

 

Gross margin was 29% for the nine months ended September 30, 2015 as compared to 28% for the nine months ended September 30, 2014. Gross margins are expected to improve as revenues increase due to the economies of scale and reduced concentrations.

 

Operating Expenses 

 

Operating expenses for the nine months ended September 30, 2015 totaled $584,944, which included $141,225 for capital raising activities, $90,000 of stock based compensation, $63,589 for accounting, $42,355 for Securities and Exchange Commission compliance and filing expenses, and $8,488 for investor relations.

 

Operating expenses for the nine months ended September 30, 2014 totaled $694,645, which included $190,375 in non-stock compensation expenses. Of this amount $36,000 was to investor relations firm, $71,875 to a board member, and $82,500 to a financial consulting firm.

 

Net Loss 

 

The net loss for the nine months ended September 30, 2015 was $962,301, including $392,376 in amortization of debt discount/deferred financing expenses in connection with convertible notes, $60,387 interest expenses, $38,664 loss on extinguishment of debt, and $52,166 in a derivative loss.

 

The net loss for the nine months ended September 30, 2014 was $1,907,327, including $190,375 in non-cash stock compensation expenses, $149,768 in amortization of debt discount expenses in connection with convertible notes, $275,000 in acquisition expenses for the acquisition of a public shell company, $34,391 in interest expenses, and $863,279 in derivative loss.

 

We do not anticipate generating profits for at least the next six months. We believe that 6 months is the minimum time frame required for significant adoption of our HGT drives into customer production plans. We are planning to increase engineering to support our growing sales pipeline during the period. We believe profitability is achievable within 12 to 24 months without hindering our growth curve potential.

 

Liquidity & Capital Resources

 

Cash and Working Capital.  The Company incurred operating losses of ($46,615) and ($419,632) for the three and nine months ended September 30, 2015, respectively.  The Company had a net loss of ($641,748) for the three months ended September 30, 2015 and incurred a net loss of ($962,301) for the nine months ended September 30, 2015.  As of September 30, 2015, the Company had cash and a stockholders’ deficit of $29,689 and ($2,451,243), respectively. As of September 30, 2015, the Company had a working capital deficit of ($2,452,221).

 

Cash Used in Operating Activities.  During the nine months ended September 30, 2015, net cash used in operating activities amounted to ($79,164) comprised of net loss of ($962,301), positive adjustments to reconcile net loss to net cash used in operating activities of $573,625 and changes in operating assets and liabilities of $244,096, compared to net cash used in operating activities for the nine months ended September 30, 2014 of ($186,623) comprised of a net loss of ($1,907,327), positive adjustments to reconcile net loss to net cash used in operating activities of $1,202,662 and changes in operating assets and liabilities of $517,142.

 

Cash Used in Investing Activities.  During the nine months ended September 30, 2015, net cash used in investing activities amounted to $63,800 comprised of deposits of $63,800.  During the nine months ended September 30, 2014, net cash used in investing activities amounted to ($19,658) comprised of deposits of $13,500, cash paid for the purchase of fixed assets of $1,676 and an increase intangible assets of4,482.

 

Cash Provided by Financing Activities.  During the nine months ended September 30, 2015, the Company received net cash of $36,829 comprised of proceeds of $25,000 from short-term debt of related parties, proceeds of $81,000 from the issuance of convertible debt and $23,664 issuance of short term debt.  The Company also made payments of $36,835 for a secured bank note and $56,000 for short-term debt of related parties.  During the nine months ended September 30, 2014, the Company received net cash of $207,261 comprised of proceeds of $160,000 from short-term debt of related parties and proceeds of $134,000 from the issuance of convertible debt.  The Company also made payments of $18,592 for a secured bank note, $16,500 for short-term debt of related parties and $51,647 for deferred offering and financing costs.

 

 13 

 

 

Sources of Liquidity. We are an emerging growth company. Our cumulative net loss since our founding is $3,219,725 as of September 30, 2015 and $2,257,424 as of December 31, 2014. A combination of short-term and long-term debt and private equity sales have assisted in funding our operations and expansion. Management’s strategy to achieve growth includes making investments in plant equipment, personnel, and intellectual property development.  In order to execute this strategy, we will need to raise additional capital through public or private equity offerings, debt financings or other means.  Management believes $500,000 is sufficient to start the next phase of the Company’s growth curve; however, our planned raise remains between $1.5 million to $3.5 million to fund anticipated capital needs in the immediate years but remains unfunded as of September 30, 2015.

 

Without additional funding, the Company may not have sufficient cash resources to meet its needs over the next twelve (12) months.  The Company can give no assurance that such additional funds will be available on reasonable terms, or available at all, or that it will generate sufficient revenue to alleviate the going concern.  These conditions raise substantial doubt about the Company’s ability to continue as a going concern.

 

Going Concern

 

The financial conditions evidenced by the accompanying financial statements raise substantial doubt as to our ability to continue as a going concern.  Our plans include obtaining additional capital through debt or equity financing.  The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

 

Critical Accounting Policies

 

Use of Estimates 

 

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates. 

 

Revenue Recognition 

 

All revenue is recognized when persuasive evidence of an arrangement exists, the service or sale is complete, the price is fixed or determinable and collectability is reasonably assured. Revenue from product sales is recognized when products are shipped to customers.  The Company’s revenues include sales to customers domiciled outside of the United States. Generally, these sales are denominated in U.S. dollars.  

 

Deferred revenue arises from amounts received in advance of the culmination of the earnings process and is recognized as revenue in future periods when the applicable revenue recognition criteria have been met.

 

All amounts billed to customers for shipping and handling costs are included in revenues in the statements of operations.

 

Accounts Receivable

 

Accounts receivable arise from the sale of products on trade credit terms and are stated net of an allowance for doubtful accounts.  The Company performs ongoing credit evaluations of its customers which may result in the requirement of a deposit before fulfillment of the terms of the sales orders.  Accounts are generally considered past due after thirty (30) days.  Past due receivables do not accrue interest. An allowance for doubtful accounts is provided for those accounts receivables considered to be uncollectable based on historical experience and management’s evaluation of outstanding receivable amounts at the end of the period.  The Company has determined that no allowance for doubtful accounts is required as of September 30, 2015 and December 31, 2014.

 

 14 

 

 

Inventory

 

Inventory consists primarily of purchased finished goods and packaging materials.  Inventory costs are determined using the average method and are carried at the lower of cost or net realizable value.  Inventory is reviewed periodically for slow-moving and obsolete items.

 

Off Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a material effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

 

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

 

As a smaller reporting company, as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information required by this item.

 

Item 4.  Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

As of September 30, 2015, the Company carried out an evaluation by the Company’s Chief Executive Officer, who is also our Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. As discussed below, management has concluded that as of September 30, 2015 our disclosure controls and procedures were not effective.

 

As of September 30, 2015, we identified certain matters that constituted a material weakness in our internal controls over financial reporting. Specifically, we have difficulty in accounting for complex accounting transactions and have limited segregation of duties within our accounting and financial reporting functions. Segregation of duties within our Company is limited due to the small number of employees that are assigned to positions that involve the processing of financial information. Although we are aware that segregation of duties within our Company is limited, we believe (based on our current roster of employees and certain control mechanisms we have in place) that the risks associated with having limited segregation of duties are currently insignificant. Additional time is required to expand our staff, fully document our systems, implement control procedures and test their operating effectiveness before we can definitively conclude that we have remediated our material weakness.

 

Changes in Internal Control over Financial Reporting

 

There were no changes in the Company’s internal control over financial reporting that occurred during the period ended September 30, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

Limitations of the Effectiveness of Control

 

A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Because of the inherent limitations of any control system, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected.

 

 15 

 

 

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

From time to time, the Company is subject to legal proceedings arising in the ordinary course of business. Such matters are subject to uncertainties and outcomes are not predictable with assurance. Management believes at this time that there are no ongoing matters that will have a material adverse effect on the Company's business, financial position, results of operations or cash flows.

 

Item 1A.  Risk Factors

 

As a smaller reporting company, as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information required by this item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

None

 

Item 3. Defaults Upon Senior Securities

 

As of September 30, 2015, the Company was in default of the $375,000 12% Convertible Notes having not paid interest and amortization payments when due. Although the company did not receive a formal notice of default from investors, such defaults caused the Company to be in cross-default of the 15% Convertible Notes and the January 2015 12% Convertible Notes.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information

 

  (a) None.

 

  (b) There have been no material changes to the procedures by which security holders may recommend nominees to our Board of Directors.

 

 16 

 

 

Item 6. Exhibits.

 

Exhibit No.  Identification of Exhibit
31.1  Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act.
    
31.2  Certification of Principal Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act.
    
32.1  Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.
    
32.2  Certification of Principal Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.
    
101.INS  XBRL Instance Document
    
101.SCH  XBRL Taxonomy Schema
    
101.CAL  XBRL Taxonomy Calculation Linkbase
    
101.DEF  XBRL Taxonomy Definition Linkbase
    
101.LAB  XBRL Taxonomy Label Linkbase
    
101.PRE  XBRL Taxonomy Presentation Linkbase

 

In accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are being furnished and not filed.

 

 17 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

      NAC GLOBAL TECHNOLOGIES, INC.
         
Date: November 20, 2015   By: /s/ Vincent Genovese
       

Vincent Genovese

President and Chief Executive Officer

         
Date: November 20, 2015   By: /s/ Vincent Genovese
       

Vincent Genovese

Principal Financial Officer

 

 18 

 

 

EXHIBIT INDEX

 

Exhibit No.  Identification of Exhibit
31.1  Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act.
    
31.2  Certification of Principal Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act.
    
32.1  Certification of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.
    
32.2  Certification of Principal Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act.
    
101.INS  XBRL Instance Document
    
101.SCH  XBRL Taxonomy Schema
    
101.CAL  XBRL Taxonomy Calculation Linkbase
    
101.DEF  XBRL Taxonomy Definition Linkbase
    
101.LAB  XBRL Taxonomy Label Linkbase
    
101.PRE  XBRL Taxonomy Presentation Linkbase

 

In accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are being furnished and not filed.

 

 

 19

 
 EX-31.1 2 f10q0915ex31i_nacglobaltech.htm CERTIFICATION

Exhibit 31.1

 

CERTIFICATION

OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

 

I, Vincent Genovese, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of NAC Global Technologies, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 20, 2015 By: /s/ Vincent Genovese
    Vincent Genovese
    Chief Executive Officer

 

 EX-31.2 3 f10q0915ex31ii_nacglobaltech.htm CERTIFICATION

Exhibit 31.2

 

CERTIFICATION

OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

 

I, Vincent Genovese, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of NAC Global Technologies, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 20, 2015 By: /s/ Vincent Genovese
    Vincent Genovese
    Principal Financial Officer
 EX-32.1 4 f10q0915ex32i_nacglobaltech.htm CERTIFICATION

Exhibit 32.1

 

CERTIFICATION

OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of NAC Global Technologies, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Vincent Genovese, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

  (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 20, 2015 By: /s/ Vincent Genovese
    Vincent Genovese
    Chief Executive Officer

 

 EX-32.2 5 f10q0915ex32ii_nacglobaltech.htm CERTIFICATION

Exhibit 32.2

 

CERTIFICATION

OF PRINCIPAL FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF

THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of NAC Global Technologies, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Vincent Genovese, Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

  (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 20, 2015 By: /s/ Vincent Genovese
    Vincent Genovese
    Principal Financial Officer

 

 

 EX-101.INS 6 nacg-20150930.xml XBRL INSTANCE FILE 0000006732 2013-12-31 0000006732 us-gaap:ChiefExecutiveOfficerMember 2014-01-20 0000006732 us-gaap:ChiefExecutiveOfficerMember 2014-01-01 2014-01-20 0000006732 us-gaap:DirectorMember 2014-01-31 0000006732 us-gaap:DirectorMember 2014-01-21 2014-01-31 0000006732 us-gaap:DirectorMember 2014-04-30 0000006732 us-gaap:DirectorMember 2014-04-01 2014-04-30 0000006732 2014-07-01 2014-09-30 0000006732 2014-01-01 2014-09-30 0000006732 nacg:ConicSystemsIncMember 2014-01-01 2014-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerOneMember 2014-01-01 2014-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerTwoMember 2014-01-01 2014-09-30 0000006732 us-gaap:AccountsReceivableMember 2014-01-01 2014-09-30 0000006732 us-gaap:SalesRevenueGoodsNetMember nacg:OtherCountryMember 2014-01-01 2014-09-30 0000006732 us-gaap:SalesRevenueNetMember nacg:CustomerOneMember 2014-01-01 2014-09-30 0000006732 us-gaap:SalesRevenueNetMember 2014-01-01 2014-09-30 0000006732 us-gaap:SalesRevenueGoodsNetMember country:IN 2014-01-01 2014-09-30 0000006732 us-gaap:SalesRevenueNetMember nacg:CustomerTwoMember 2014-01-01 2014-09-30 0000006732 us-gaap:SalesRevenueGoodsNetMember country:MX 2014-01-01 2014-09-30 0000006732 2014-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerOneMember 2014-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerTwoMember 2014-09-30 0000006732 us-gaap:AccountsReceivableMember 2014-09-30 0000006732 nacg:IssuanceMember 2014-01-01 2014-12-31 0000006732 2014-12-31 0000006732 us-gaap:ChiefExecutiveOfficerMember 2014-12-31 0000006732 nacg:ConicSystemsIncMember 2014-12-31 0000006732 nacg:IssuanceMember 2014-12-31 0000006732 us-gaap:FairValueInputsLevel1Member 2014-12-31 0000006732 us-gaap:FairValueInputsLevel2Member 2014-12-31 0000006732 us-gaap:FairValueInputsLevel3Member 2014-12-31 0000006732 us-gaap:ConvertibleDebtMember 2014-12-31 0000006732 us-gaap:ConvertibleDebtMember 2015-01-08 0000006732 us-gaap:ConvertibleDebtMember 2015-01-01 2015-01-08 0000006732 us-gaap:ConvertibleDebtMember 2015-01-13 0000006732 us-gaap:MaximumMember us-gaap:ConvertibleDebtMember 2015-01-13 0000006732 us-gaap:MinimumMember us-gaap:ConvertibleDebtMember 2015-01-13 0000006732 2015-01-01 2015-01-13 0000006732 us-gaap:ConvertibleDebtMember 2015-01-01 2015-01-13 0000006732 2015-04-01 2015-04-30 0000006732 us-gaap:RevolvingCreditFacilityMember 2015-05-01 0000006732 us-gaap:RevolvingCreditFacilityMember 2015-04-28 2015-05-01 0000006732 nacg:ConicSystemsIncMember 2015-05-05 0000006732 2015-04-29 2015-05-05 0000006732 us-gaap:ConvertibleCommonStockMember 2015-04-29 2015-05-05 0000006732 2015-08-01 2015-08-06 0000006732 us-gaap:ConvertibleCommonStockMember 2015-08-14 2015-08-16 0000006732 nacg:ConicSystemsIncMember 2015-08-31 0000006732 nacg:ConicSystemsIncMember 2015-08-01 2015-08-31 0000006732 2015-09-23 0000006732 2015-09-21 2015-09-23 0000006732 2015-07-01 2015-09-30 0000006732 2015-01-01 2015-09-30 0000006732 nacg:ConicSystemsIncMember 2015-01-01 2015-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerOneMember 2015-01-01 2015-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerTwoMember 2015-01-01 2015-09-30 0000006732 us-gaap:AccountsReceivableMember 2015-01-01 2015-09-30 0000006732 us-gaap:SalesRevenueGoodsNetMember nacg:OtherCountryMember 2015-01-01 2015-09-30 0000006732 us-gaap:SalesRevenueNetMember nacg:CustomerOneMember 2015-01-01 2015-09-30 0000006732 us-gaap:SalesRevenueNetMember 2015-01-01 2015-09-30 0000006732 us-gaap:SalesRevenueGoodsNetMember country:IN 2015-01-01 2015-09-30 0000006732 us-gaap:SalesRevenueNetMember nacg:CustomerTwoMember 2015-01-01 2015-09-30 0000006732 nacg:IssuanceMember 2015-01-01 2015-09-30 0000006732 us-gaap:ConvertibleDebtMember 2015-01-01 2015-09-30 0000006732 us-gaap:RevolvingCreditFacilityMember 2015-01-01 2015-09-30 0000006732 nacg:IssuanceMember us-gaap:MaximumMember 2015-01-01 2015-09-30 0000006732 nacg:IssuanceMember us-gaap:MinimumMember 2015-01-01 2015-09-30 0000006732 us-gaap:SalesRevenueGoodsNetMember country:BR 2015-01-01 2015-09-30 0000006732 us-gaap:SalesRevenueGoodsNetMember country:HK 2015-01-01 2015-09-30 0000006732 2015-09-30 0000006732 us-gaap:ChiefExecutiveOfficerMember 2015-09-30 0000006732 us-gaap:DirectorMember 2015-09-30 0000006732 nacg:ConicSystemsIncMember 2015-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerOneMember 2015-09-30 0000006732 us-gaap:AccountsReceivableMember nacg:CustomerTwoMember 2015-09-30 0000006732 us-gaap:AccountsReceivableMember 2015-09-30 0000006732 nacg:IssuanceMember 2015-09-30 0000006732 us-gaap:FairValueInputsLevel1Member 2015-09-30 0000006732 us-gaap:FairValueInputsLevel2Member 2015-09-30 0000006732 us-gaap:FairValueInputsLevel3Member 2015-09-30 0000006732 us-gaap:ConvertibleDebtMember 2015-09-30 0000006732 us-gaap:RevolvingCreditFacilityMember 2015-09-30 0000006732 nacg:CheifExecutiveOfficerFamilyMember 2015-09-30 0000006732 us-gaap:SubsequentEventMember 2015-10-06 0000006732 us-gaap:SubsequentEventMember us-gaap:SubscriptionArrangementMember 2015-10-06 0000006732 us-gaap:SubsequentEventMember 2015-10-04 2015-10-06 0000006732 us-gaap:SubsequentEventMember us-gaap:SubscriptionArrangementMember 2015-10-04 2015-10-06 0000006732 us-gaap:SubsequentEventMember us-gaap:SubscriptionArrangementMember us-gaap:ConvertibleDebtMember 2015-10-04 2015-10-06 0000006732 us-gaap:SubsequentEventMember us-gaap:SubscriptionArrangementMember us-gaap:InvestorMember 2015-10-04 2015-10-06 0000006732 us-gaap:SubsequentEventMember 2015-10-12 2015-10-14 0000006732 us-gaap:SubsequentEventMember nacg:ConvertibleDebtOneMember 2015-10-12 2015-10-14 0000006732 us-gaap:SubsequentEventMember nacg:ConvertibleDebtTwoMember 2015-10-12 2015-10-14 0000006732 2015-11-19 xbrli:shares iso4217:USD iso4217:USDxbrli:shares xbrli:pure nacg:Customer nacg:Subsidiary NAC GLOBAL TECHNOLOGIES, INC. 0000006732 false --12-31 10-Q 2015-09-30 2015 Q3 Smaller Reporting Company 35262014 10269 11249 8224 29689 15228 21528 36756 91480 107713 22356 0 22356 35168 34988 10500 48725 57441 194097 229831 1397 978 63800 259294 230809 390578 671652 144646 97029 129145 154746 32708 84700 375000 71619 20659 20000 25000 7488 453579 705609 380500 349500 297215 599189 599189 1880363 2682052 25250 25762 611105 742720 -2257424 -3219725 -1621069 -2451243 259294 230809 0.001 0.001 0.001 150000000 150000000 25250001 25762014 25250001 25762014 118944 387977 254598 574564 75940 277936 181966 409252 43004 110041 72632 165312 419813 694930 119247 584944 -376809 -584889 -46615 -419632 -215 924 275000 114234 184159 77877 452763 8750 34878 9047 5261 5261 -38664 981195 -863279 -522302 -52166 490152 -1907327 -641748 -962301 0.02 -0.08 -0.02 -0.04 -0.01 -0.08 -0.02 -0.04 24397746 24069216 25704137 25497640 26358751 24069216 25704137 25497640 190375 90000 149768 3000 392376 352212 140 419 -3624 16233 11322 -180 -16500 303855 244160 138414 -47617 60331 79814 22240 -32708 -186623 -79164 1676 4482 13500 -63800 -19658 63800 25000 23664 23664 18592 36835 160000 25000 16500 56000 134000 81000 100000 51647 207261 36829 980 21465 12714 21644 341897 270116 -270116 275000 9000 6000 10000 20000 63123 63123 13636 1875 <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>NOTE 1 - BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Operations</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">NAC Global Technologies, Inc. (&#8220;NAC Global&#8221;) is an emerging growth, technology development and manufacturing company.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">NAC Global has one (1) wholly owned, consolidated subsidiary NAC Drive System, Inc. (&#8220;NAC&#8221;) that is a supplier of harmonic gearing products and precision drives. Harmonic gearing technology (HGT) is a precise, high ratio, high efficiency motion control technology that is critical in industrial and national defense applications due to its long life, precision, efficiency, weight-to-power ratio, and size. NAC serves customers globally in a variety of markets, including robotics, machine tools, medical, printing, corrugated, semiconductor and the defense industry. NAC operates out of Jacksonville, Florida and Port Jervis, New York. It maintains an office in Florida and completes the majority of its engineering, sales, assembly, quality inspection, and shipments from its New York facility.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Basis of Presentation</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The accompanying unaudited interim consolidated financial statements of NAC Global and NAC (collectively, the &#8220;Company&#8221;) have been prepared in accordance with accounting principles generally accepted in the United States (&#8220;US GAAP&#8221;) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements and should be read in conjunction with the audited financial statements and notes thereto contained in the Company&#8217;s Form 10-K (the &#8220;Form 10-K&#8221;) filed with the Securities and Exchange Commission on April 15, 2015 as amended. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2014 as reported in the Form 10-K have been omitted.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Principles of consolidation</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The consolidated financial statements include the accounts of NAC Global and its wholly-owned subsidiary, NAC. All intercompany accounts and transactions are eliminated in consolidation.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Use of estimates</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Concentration of risks</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The Company maintains its cash primarily in one financial institution. The balance, at times may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk to cash.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"></font>&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Two customers accounted for approximately 25% and 20% of the Company&#8217;s revenues for the nine months ended September 30, 2015. Two customers accounted for approximately 44% and 13% of the Company&#8217;s revenues for the nine months ended September 30, 2014. In addition, these customers accounted for 21% and 41% of the Company&#8217;s accounts receivable balance at September 30, 2015 and 2014, respectively.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><br /></font></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Nine Months Ended September 30, 2015</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Customer</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Customer&#160;<br />Sales</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of&#160;<br />Total&#160;<br />Revenue</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Accounts Receivable (AR)</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of AR</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 627px; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 173px; text-align: right; text-indent: 0pt; padding-left: 0pt;">1</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 142px; text-align: right;">146,099</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 142px; text-align: right;">25</td> <td style="width: 15px; text-align: left;">%</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">22,356</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 141px; text-align: right;">21</td> <td style="width: 15px; text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">2</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">114,360</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">20</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">0</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">0</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">360,459</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">45</td> <td style="text-align: left;">%</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">22,356</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">21</td> <td style="text-align: left;">%</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: center; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Nine Months Ended September 30, 2014</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Customer</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Customer&#160;<br />Sales</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of&#160;<br />Total&#160;<br />Revenue</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Accounts&#160;<br />Receivable&#160;<br />(AR)</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of AR</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 627px; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 173px; text-align: right; text-indent: 0pt; padding-left: 0pt;">1</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 142px; text-align: right;">169,776</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 142px; text-align: right;">44</td> <td style="width: 15px; text-align: left;">%</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">15,228</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 141px; text-align: right;">17</td> <td style="width: 15px; text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">2</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">49,608</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">13</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">21,528</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">24</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">219,384</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">57</td> <td style="text-align: left;">%</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">36,756</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">41</td> <td style="text-align: left;">%</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: center; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company sells to both domestic and international customers. For the nine months ended September 30, 2015 and 2014, revenues generated through transactions with international customers amounted to approximately 32% (20% Hong Kong, 5% Brazil, 4% India, 3% others) and 10% (5% Mexico, 4% India, 1% others), respectively, of the Company&#8217;s total revenues.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">NAC currently purchases all of its drive components from one supplier. The loss of this supplier could cause delays and a possible loss of sales which would affect operating results adversely.&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Fair value measurements</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The carrying amounts reported in the consolidated balance sheets for accounts receivable and payables, inventory and debt are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and, if applicable, the stated rate of interest is equivalent to rates currently available.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows:</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Level 3: inputs to the valuation methodology are unobservable and significant to the fair value.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The following table presents the derivative financial instruments, the Company&#8217;s only financial liabilities measured and recorded at fair value on the Company&#8217;s consolidated balance sheets on a recurring basis, and their level within the fair value hierarchy as of September 30, 2015 and December 31, 2014.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td><u>As of September 30, 2015</u></td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Amount</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 1</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 2</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 3</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: center;" colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: center;" colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: center;" colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: center;" colspan="2">&#160;</td> <td>&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 815px; text-align: left;">Embedded conversion derivative liability</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 142px; text-align: right;">598,922</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 142px; text-align: right;"></td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 141px; text-align: right;"></td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">598,922</td> <td style="width: 15px; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; padding-bottom: 1.5pt;">Warrant derivatives</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">267</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td> <td style="text-align: left; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: left; padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td> <td style="padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td> <td style="text-align: left; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: left; padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">267</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="padding-bottom: 4pt; font-family: calibri, sans-serif;">&#160;</td> <td style="padding-bottom: 4pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td> <td style="text-align: left; padding-bottom: 4pt;">&#160;</td> <td style="padding-bottom: 4pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td> <td style="text-align: left; padding-bottom: 4pt;">&#160;</td> <td style="padding-bottom: 4pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td> <td style="text-align: left; padding-bottom: 4pt;">&#160;</td> <td style="padding-bottom: 4pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td> <td style="text-align: left; padding-bottom: 4pt;">&#160;</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td><u>As of December 31, 2014</u></td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Amount</td> <td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 1</td> <td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 2</td> <td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 3</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td>&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td colspan="2">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td colspan="2">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td colspan="2">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td colspan="2">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 815px; text-align: left; padding-bottom: 4pt;">Embedded conversion derivative liability</td> <td style="width: 16px; padding-bottom: 4pt;">&#160;</td> <td style="width: 16px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="width: 142px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">297,215</td> <td style="width: 16px; text-align: left; padding-bottom: 4pt;">&#160;</td> <td style="width: 16px; padding-bottom: 4pt;">&#160;</td> <td style="width: 16px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="width: 142px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td> <td style="width: 16px; text-align: left; padding-bottom: 4pt;">&#160;</td> <td style="width: 15px; padding-bottom: 4pt;">&#160;</td> <td style="width: 15px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="width: 141px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td> <td style="width: 15px; text-align: left; padding-bottom: 4pt;">&#160;</td> <td style="width: 15px; padding-bottom: 4pt;">&#160;</td> <td style="width: 15px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="width: 141px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">297,215</td> <td style="width: 15px; text-align: left; padding-bottom: 4pt;">&#160;</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs:</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 1379px; text-indent: 0pt; padding-left: 0pt;">Balance at December 31, 2014</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">297,215</td> <td style="width: 15px; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Fair value of embedded conversion derivative liability at issuance</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">270,116</td> <td style="text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Unrealized derivative loss included in other income (expense)</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">52,166</td> <td style="text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">Fair value of derivative liability associated with debt converted</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(20,308</td> <td style="text-align: left; padding-bottom: 1.5pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 0pt; padding-bottom: 4pt; padding-left: 0pt;">Balance at September 30, 2015</td> <td style="padding-bottom: 4pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td> <td style="text-align: left; padding-bottom: 4pt;">&#160;</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The fair value of the derivative liability is calculated at the time of issuance and the Company records a derivative liability for the calculated value. The derivative liability is marked to market at each reporting period and changes in the fair value of the derivative liability are recorded in other income (expense) in the consolidated statements of operations.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The following are the assumptions used for derivative instruments valued using the Black-Scholes option pricing model:</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="font-family: calibri, sans-serif;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">At<br />September&#160;30, 2015</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">At<br />December&#160;31, 2014</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 1191px; text-align: left;">Market value of stock on measurement date</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 142px; text-align: right;">0.05</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">0.48</td> <td style="width: 15px; text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left;">Risk-free interest rate</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">.02-0.06</td> <td style="text-align: left;">%</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">0.04</td> <td style="text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left;">Dividend yield</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">0</td> <td style="text-align: left;">%</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">0</td> <td style="text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left;">Volatility factor</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">244%-314</td> <td style="text-align: left;">%</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">151</td> <td style="text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td>Term</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td nowrap="nowrap" style="text-align: right;">0.27-0.48 years</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">0.33 years</td> <td style="text-align: left;">&#160;</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Recently adopted accounting pronouncements</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.</font></p> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>NOTE 2 - GOING CONCERN</b></font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The accompanying financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the financial statements, during the nine months ended September 30, 2015, the Company incurred net losses of $962,301 and has a working capital deficit of $2,452,221 as of September 30, 2015. If the Company is unable to generate profits and is unable to continue to obtain financing for its working capital requirements, it may have to curtail its business sharply or cease business altogether. These factors raise substantial doubt about the Company&#8217;s ability to continue as a going concern.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The consolidated financial statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The Company is taking certain steps to provide the necessary capital to continue its operations. These steps include, but are not limited to: (1) focus on sales to minimize the need for capital at this stage; (2) raise additional equity or debt financing; and (3) continue to focus on reductions in cost where possible.</font></p></div> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>NOTE 3 - DEBT</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Short-term debt</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">As of September 30, 2015 and December 31, 2014, the Company had a term loan with a third party financial institution for $124,000 with an outstanding balance of $64,131 and $84,700. The note is subject to annual interest of 4.5%. The note is collateralized by all of the assets of NAC and Conic Systems Inc. (&#8220;Conic&#8221;), an entity owned by the Company&#8217;s Chief Executive Officer (&#8220;CEO&#8221;), and a guarantee issued by the Company&#8217;s CEO. $20,659 was repaid on this note during the nine months ended September 30, 2015.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On May 1, 2015, the Company issued a revolving $30,000 note for inventory financing. The note is subject to a 15% annual interest rate and has a term of 120 days. The balance as of September 30, 2015 was $7,488 which was fully paid in October 2015. Aggregate borrowings and repayments under this revolving note during the nine months ended September 30, 2015 were $23,664 and $16,176, respectively.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Short-term debt - related parties</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">As of September 30, 2015 and December 31, 2014, the Company had an outstanding non-interest bearing loan from Vincent Genovese, its CEO and majority shareholder, amounting to $14,500 and $20,500, respectively. The Company also obtained a loan from a family member of the CEO amounting to $200,000 which is subject to annual interest of three percent (3%). The outstanding balance under this note was $200,000 as of December 31, 2014 and has been reduced to $150,000 as of September 30, 2015. The Company has made principal payments on both loans amounting to $56,000. Both loans have no stated maturity date.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On January 20, 2014, the Company obtained a non-interest bearing loan from the CEO amounting to $115,000. The loan matured on May 30, 2014 and is currently past due. On May 1, 2015, the note was assumed by Conic.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">In January and April 2014, the Company obtained non-interest bearing loans from a director each amounting to $10,000. The loans have a term of six (6) months and the outstanding balance on these loans as of September 30, 2015 amounted to $20,000 and are currently past due.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">In April 2014, the Company issued a note to a director amounting to $25,000. The note is subject to annual interest of 12.5% and a minimum interest of $1,562. The note shall be paid at the earlier of the Company&#8217;s receipt of $50,000 in debt or equity funding or 365 days. As of September 30, 2015, the note remains outstanding and is currently past due.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">In August 2015, Conic loaned NAC Global Technologies, Inc. $25,000 at zero interest with a maturity date of December 31, 2015. As of September 30, 2015, the full principal amount of the note remains outstanding.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Convertible notes</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">A summary of the activity in convertible notes for the nine months ended September 30, 2015 is shown below:</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 1379px; text-indent: 0pt; padding-left: 0pt;">Balance at January 1, 2015</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">453,579</td> <td style="width: 15px; text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Issuance of convertible note</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">100,000</td> <td style="text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Accrued interest added to debt principal</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">63,123</td> <td style="text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Debt discount resulting from derivative liability</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">(270,116</td> <td style="text-align: left;">)</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Write off of debt discount due to debt extinguishment</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">26,811</td> <td style="text-align: left;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Debt converted to common stock</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">(20,000</td> <td style="text-align: left;">)</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">Amortization of debt discounts</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">352,212</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 0pt; padding-bottom: 4pt; padding-left: 0pt;">&#160;</td> <td style="padding-bottom: 4pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">705,609</td> <td style="text-align: left; padding-bottom: 4pt;">&#160;</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On January 8, 2015, the Company issued a 3% original issue discount convertible note to an accredited investor in the amount of $100,000 with a term of one (1) year and a conversion price equal to the lower of $0.50 or 80% of the share price that will be used by the Company in its next share issuance. In connection with the issuance of the note, the Company also issued warrants to purchase 21,800 shares of common stock at an exercise price of $0.63 per share and a term of two (2) years. The note is subject to annual interest of 12% and the Company was required to prepay six (6) months of interest amounting to $6,000 which is included in the principal amount. Due to the variable conversion rate on the note, the embedded conversion feature and the warrants issued with the note qualified for derivative accounting. The fair value of the embedded conversion option and the warrants including the original issue discount of $3,000 totaled $95,322 was recognized as a discount to the note. The Company also paid deferring financing fees of $9,000. The debt discount and deferred financing fees were amortized over the term of the note.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On January 13, 2015, the Company amended two of its existing 12% notes totaling $100,000 to increase the interest rate from 12% to 15% and 25,000 additional shares of common stock were issued in connection with the modification. The modification was deemed substantial and was accounted for as a debt extinguishment under ASC 470. The fair value of the additional shares issued, including the unamortized debt discount and deferred financing fees, at the date of modification totaling to $34,878 was recognized as a loss on debt extinguishment. These two notes also became convertible during the three months ended March 31, 2015. Due to the variable conversion rate on the notes, the embedded conversion feature qualified for derivative accounting. The fair value of the embedded conversion option of $88,419 was recognized as a debt discount and amortized over the term of the note.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">During the nine months ended September 30, 2015, three notes issued in 2014 became convertible. Due to the variable conversion rate on the notes, the embedded conversion feature qualified for derivative accounting. The fair value of the embedded conversion option of $89,375 was recognized as a discount to the notes and were amortized over the term of the notes.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On May 5, 2015, a portion of a convertible note amounting to $10,000 was converted in exchange for 57,143 shares of common stock. The Company compared the fair value of the shares issued with the carrying value of the note converted which includes the corresponding unamortized debt discount and the derivative liability at the date of conversion and recognized a loss on debt extinguishment upon conversion amounting to $9,047.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On August 16, 2015, a portion of a convertible note amounting to $10,000 was converted in exchange for 129,870 shares of common stock. The Company compared the fair value of the shares issued with the carrying value of the note converted which includes the corresponding unamortized debt discount and the derivative liability at the date of conversion and recognized a gain on debt extinguishment upon conversion amounting to $5,261.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On September 23, 2015, the Company amended the existing loan with a principal balance of $375,000. As a result of the amendment, unpaid interest of $63,123 was added as debt principal and the maturity date on the note was extended to March 23, 2016.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>NOTE 4 - EQUITY</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">On January 13, 2015, the Company issued 25,000 shares of common stock in connection with the modification of two existing convertible notes. The fair value of the shares amounting to $8,750 was recognized as a loss on debt extinguishment. See Note 3.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On April 30, 2015, the Company entered into a consulting agreement with a third party for business development and U.S. government grant assistance.&#160; In connection with such agreement, the Company issued 300,000 restricted shares of common stock as consideration for such services. The fair value of the shares amounting to $90,000 was recognized as stock-based compensation expense.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On May 5, 2015 the Company issued 57,143 shares of common stock in connection with the conversion of $10,000 principal amount of a convertible note.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On August 6<sup>th</sup>, 2015, the Company issued 129,870 shares of common stock in connection with the conversion of $10,000 in principal amount of a convertible note.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>NOTE 5 - RELATED PARTY TRANSACTIONS</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The Company recognized revenues for products sold to Conic amounting to $13,445 and $11,746 for the nine months ended September 30, 2015 and 2014, respectively. As of September 30, 2015 and 2014, outstanding accounts receivable from Conic for such sales were $0 and $4,346, respectively.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">Conic also bills the Company for certain expenses related to payroll and employee benefits, rent and occupancy costs, advertising, travel expenses and other expenses paid for by Conic on behalf of NAC. Payroll and employee benefits billed to NAC were for personnel who spend a percentage of their time on NAC&#8217;s operations. The administrative and warehouse facilities used by NAC are owned by the majority shareholder, our Chief Executive Officer, Vincent Genovese, and the allocable cost related to the use of these facilities are likewise charged to NAC by Conic. For the nine months ended September 30, 2015, Conic billed the Company a monthly fee of $7,528 or a total of $67,752 for services and reimbursement of expenses of $13,906. Services provided include warehouse, IT systems, equipment use, factory labor, engineering, shipping and receiving. The outstanding amount payable to Conic related to the above expenses amounted to $97,029 as of September 30, 2015.&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">On May 5, 2015, Mr. Genovese refunded the Company the $63,800 deposit held in connection with the planned acquisition of Conic.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt; color: #000000; text-transform: none; text-indent: 0pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>NOTE 6 - SUBSEQUENT EVENTS</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b>&#160;</b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On October 6, 2015, NAC Global Technologies, Inc. (the &#8220;Company&#8221;) commenced a public offering for the sale of Units (&#8220;Units&#8221; or each a &#8220;Unit&#8221;), each Unit consisting of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock and one Series B warrant to purchase one share of common stock. The purchasers (the &#8220;Purchasers&#8221;) of the Units each entered into a subscription agreement with the Company. The Company sold 9,500,000 Units at a purchase price of $0.05 per Unit for an aggregate purchase price of $475,000 (the &#8220;Offering&#8221;) which such amount consisted of $250,000 of cash from certain investors and $225,000 of convertible notes that were exchanged for the Units in this Offering. The closing of the sale of the Units took place on October 9, 2015.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">On October 14, 2015, the Company paid $85,000 as full repayment of two convertible notes including interest of $12,000 and principle amounts of $46,500 and $26,500.</font></p> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Basis of Presentation</u></b></font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The accompanying unaudited interim consolidated financial statements of NAC Global and NAC (collectively, the &#8220;Company&#8221;) have been prepared in accordance with accounting principles generally accepted in the United States (&#8220;US GAAP&#8221;) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements and should be read in conjunction with the audited financial statements and notes thereto contained in the Company&#8217;s Form 10-K (the &#8220;Form 10-K&#8221;) filed with the Securities and Exchange Commission on April 15, 2015 as amended. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2014as reported in the Form 10-K have been omitted.</font></p></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Principles of consolidation</u></b></font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The consolidated financial statements include the accounts of NAC Global and its wholly-owned subsidiary, NAC. All intercompany accounts and transactions are eliminated in consolidation.</font></p></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Use of estimates</u></b></font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></p></div> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Concentration of risks</u></b></font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The Company maintains its cash primarily in one financial institution. The balance, at times may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk to cash.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"></font>&#160;</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Two customers accounted for approximately 25% and 20% of the Company&#8217;s revenues for the nine months ended September 30, 2015. Two customers accounted for approximately 44% and 13% of the Company&#8217;s revenues for the nine months ended September 30, 2014. In addition, these customers accounted for 21% and 41% of the Company&#8217;s accounts receivable balance at September 30, 2015 and 2014, respectively.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><br /></font></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Nine Months Ended September 30, 2015</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Customer</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Customer&#160;<br />Sales</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of&#160;<br />Total&#160;<br />Revenue</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Accounts Receivable (AR)</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of AR</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 627px; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 173px; text-align: right; text-indent: 0pt; padding-left: 0pt;">1</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 142px; text-align: right;">146,099</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 142px; text-align: right;">25</td> <td style="width: 15px; text-align: left;">%</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">22,356</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 141px; text-align: right;">21</td> <td style="width: 15px; text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">2</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">114,360</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">20</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">0</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">0</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">360,459</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">45</td> <td style="text-align: left;">%</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">22,356</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">21</td> <td style="text-align: left;">%</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: center; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="vertical-align: bottom;"> <td style="border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Nine Months Ended September 30, 2014</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Customer</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Customer&#160;<br />Sales</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of&#160;<br />Total&#160;<br />Revenue</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Accounts&#160;<br />Receivable&#160;<br />(AR)</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of AR</td> <td style="padding-bottom: 1.5pt;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="width: 627px; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 173px; text-align: right; text-indent: 0pt; padding-left: 0pt;">1</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">$</td> <td style="width: 142px; text-align: right;">169,776</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 16px;">&#160;</td> <td style="width: 16px; text-align: left;">&#160;</td> <td style="width: 142px; text-align: right;">44</td> <td style="width: 15px; text-align: left;">%</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">$</td> <td style="width: 141px; text-align: right;">15,228</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 15px;">&#160;</td> <td style="width: 15px; text-align: left;">&#160;</td> <td style="width: 141px; text-align: right;">17</td> <td style="width: 15px; text-align: left;">%</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">2</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">49,608</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">13</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">21,528</td> <td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td> <td style="padding-bottom: 1.5pt;">&#160;</td> <td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td> <td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">24</td> <td style="text-align: left; padding-bottom: 1.5pt;">%</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: right; text-indent: 0pt; padding-left: 0pt;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">219,384</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">57</td> <td style="text-align: left;">%</td> <td>&#160;</td> <td style="text-align: left;">$</td> <td style="text-align: right;">36,756</td> <td style="text-align: left;">&#160;</td> <td>&#160;</td> <td style="text-align: left;">&#160;</td> <td style="text-align: right;">41</td> <td style="text-align: left;">%</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: center; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company sells to both domestic and international customers. For the nine months ended September 30, 2015 and 2014, revenues generated through transactions with international customers amounted to approximately 32% (20% Hong Kong, 5% Brazil, 4% India, 3% others) and 10% (5% Mexico, 4% India, 1% others), respectively, of the Company&#8217;s total revenues.</p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">NAC currently purchases all of its drive components from one supplier. The loss of this supplier could cause delays and a possible loss of sales which would affect operating results adversely.</font></p> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Fair value measurements</u></b></font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The carrying amounts reported in the consolidated balance sheets for accounts receivable and payables, inventory and debt are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and, if applicable, the stated rate of interest is equivalent to rates currently available.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows:</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">Level 3: inputs to the valuation methodology are unobservable and significant to the fair value.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The following table presents the derivative financial instruments, the Company&#8217;s only financial liabilities measured and recorded at fair value on the Company&#8217;s consolidated balance sheets on a recurring basis, and their level within the fair value hierarchy as of September 30, 2015 and December 31, 2014.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td><u>As of September 30, 2015</u></td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Amount</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 1</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 2</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 3</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom;"><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 815px; text-align: left;">Embedded conversion derivative liability</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 142px; text-align: right;">598,922</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 142px; text-align: right;"></td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 141px; text-align: right;"></td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">$</td><td style="width: 141px; text-align: right;">598,922</td><td style="width: 15px; text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; padding-bottom: 1.5pt;">Warrant derivatives</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">267</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="text-align: left; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: left; padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="text-align: left; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: left; padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">267</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="padding-bottom: 4pt; font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td><u>As of December 31, 2014</u></td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Amount</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 1</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 2</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 3</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom;"><td>&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 815px; text-align: left; padding-bottom: 4pt;">Embedded conversion derivative liability</td><td style="width: 16px; padding-bottom: 4pt;">&#160;</td><td style="width: 16px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 142px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">297,215</td><td style="width: 16px; text-align: left; padding-bottom: 4pt;">&#160;</td><td style="width: 16px; padding-bottom: 4pt;">&#160;</td><td style="width: 16px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 142px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="width: 16px; text-align: left; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 141px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="width: 15px; text-align: left; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 141px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">297,215</td><td style="width: 15px; text-align: left; padding-bottom: 4pt;">&#160;</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs:</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1379px; text-indent: 0pt; padding-left: 0pt;">Balance at December 31, 2014</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 141px; text-align: right;">297,215</td><td style="width: 15px; text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Fair value of embedded conversion derivative liability at issuance</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">270,116</td><td style="text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Unrealized derivative loss included in other income (expense)</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">52,166</td><td style="text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">Fair value of derivative liability associated with debt converted</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(20,308</td><td style="text-align: left; padding-bottom: 1.5pt;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-indent: 0pt; padding-bottom: 4pt; padding-left: 0pt;">Balance at September 30, 2015</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The fair value of the derivative liability is calculated at the time of issuance and the Company records a derivative liability for the calculated value. The derivative liability is marked to market at each reporting period and changes in the fair value of the derivative liability are recorded in other income (expense) in the consolidated statements of operations.</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The following are the assumptions used for derivative instruments valued using the Black-Scholes option pricing model:</font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">At<br />September&#160;30, 2015</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">At<br />December&#160;31, 2014</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left;">Market value of stock on measurement date</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 142px; text-align: right;">0.05</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">$</td><td style="width: 141px; text-align: right;">0.48</td><td style="width: 15px; text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left;">Risk-free interest rate</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">.02-0.06</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0.04</td><td style="text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left;">Dividend yield</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0</td><td style="text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left;">Volatility factor</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">244%-314</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">151</td><td style="text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td>Term</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td nowrap="nowrap" style="text-align: right;">0.27-0.48 years</td><td style="text-align: left;">&#160;</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0.33 years</td><td style="text-align: left;">&#160;</td></tr></table> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;"><b><u>Recently adopted accounting pronouncements</u></b></font></p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.</font></p></div> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Nine Months Ended September 30, 2015</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Customer</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Customer&#160;<br />Sales</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of&#160;<br />Total&#160;<br />Revenue</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Accounts Receivable (AR)</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of AR</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 627px; text-indent: 0pt; padding-left: 0pt;">&#160;</td><td style="width: 16px;">&#160;</td><td style="width: 173px; text-align: right; text-indent: 0pt; padding-left: 0pt;">1</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 142px; text-align: right;">146,099</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 142px; text-align: right;">25</td><td style="width: 15px; text-align: left;">%</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">$</td><td style="width: 141px; text-align: right;">22,356</td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 141px; text-align: right;">21</td><td style="width: 15px; text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: right; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">2</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">114,360</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">20</td><td style="text-align: left; padding-bottom: 1.5pt;">%</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">0</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">0</td><td style="text-align: left; padding-bottom: 1.5pt;">%</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-indent: 0pt; padding-left: 0pt;">&#160;</td><td>&#160;</td><td style="text-align: right; text-indent: 0pt; padding-left: 0pt;">&#160;</td><td>&#160;</td><td style="text-align: left;">$</td><td style="text-align: right;">360,459</td><td style="text-align: left;">&#160;</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">45</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">$</td><td style="text-align: right;">22,356</td><td style="text-align: left;">&#160;</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">21</td><td style="text-align: left;">%</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: center; color: #000000; text-transform: none; text-indent: 27.5pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><font style="font: 10pt/normal 'times new roman', times, serif; font-stretch: normal;">&#160;</font></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Nine Months Ended September 30, 2014</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">Customer</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Customer&#160;<br />Sales</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of&#160;<br />Total&#160;<br />Revenue</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Accounts&#160;<br />Receivable&#160;<br />(AR)</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">% of AR</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 627px; text-indent: 0pt; padding-left: 0pt;">&#160;</td><td style="width: 16px;">&#160;</td><td style="width: 173px; text-align: right; text-indent: 0pt; padding-left: 0pt;">1</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 142px; text-align: right;">169,776</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 142px; text-align: right;">44</td><td style="width: 15px; text-align: left;">%</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">$</td><td style="width: 141px; text-align: right;">15,228</td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 141px; text-align: right;">17</td><td style="width: 15px; text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: right; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">2</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">49,608</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">13</td><td style="text-align: left; padding-bottom: 1.5pt;">%</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">21,528</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">24</td><td style="text-align: left; padding-bottom: 1.5pt;">%</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-indent: 0pt; padding-left: 0pt;">&#160;</td><td>&#160;</td><td style="text-align: right; text-indent: 0pt; padding-left: 0pt;">&#160;</td><td>&#160;</td><td style="text-align: left;">$</td><td style="text-align: right;">219,384</td><td style="text-align: left;">&#160;</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">57</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">$</td><td style="text-align: right;">36,756</td><td style="text-align: left;">&#160;</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">41</td><td style="text-align: left;">%</td></tr></table> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td><u>As of September 30, 2015</u></td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Amount</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 1</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 2</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 3</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom;"><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td><td style="text-align: center;" colspan="2">&#160;</td><td>&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 815px; text-align: left;">Embedded conversion derivative liability</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 142px; text-align: right;">598,922</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 142px; text-align: right;"></td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 141px; text-align: right;"></td><td style="width: 15px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">$</td><td style="width: 141px; text-align: right;">598,922</td><td style="width: 15px; text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; padding-bottom: 1.5pt;">Warrant derivatives</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">267</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="text-align: left; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: left; padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="text-align: left; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; font-family: calibri, sans-serif; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: left; padding-bottom: 1.5pt; font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">267</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="padding-bottom: 4pt; font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">&#160;</p><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td><u>As of December 31, 2014</u></td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Amount</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 1</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 2</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">Level 3</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom;"><td>&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td colspan="2">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 815px; text-align: left; padding-bottom: 4pt;">Embedded conversion derivative liability</td><td style="width: 16px; padding-bottom: 4pt;">&#160;</td><td style="width: 16px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 142px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">297,215</td><td style="width: 16px; text-align: left; padding-bottom: 4pt;">&#160;</td><td style="width: 16px; padding-bottom: 4pt;">&#160;</td><td style="width: 16px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 142px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="width: 16px; text-align: left; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 141px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">-</td><td style="width: 15px; text-align: left; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; padding-bottom: 4pt;">&#160;</td><td style="width: 15px; text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="width: 141px; text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">297,215</td><td style="width: 15px; text-align: left; padding-bottom: 4pt;">&#160;</td></tr></table></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1379px; text-indent: 0pt; padding-left: 0pt;">Balance at December 31, 2014</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 141px; text-align: right;">297,215</td><td style="width: 15px; text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Fair value of embedded conversion derivative liability at issuance</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">270,116</td><td style="text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Unrealized derivative loss included in other income (expense)</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">52,166</td><td style="text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">Fair value of derivative liability associated with debt converted</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(20,308</td><td style="text-align: left; padding-bottom: 1.5pt;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-indent: 0pt; padding-bottom: 4pt; padding-left: 0pt;">Balance at September 30, 2015</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">599,189</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td></tr></table></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="font-family: calibri, sans-serif;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">At<br />September&#160;30, 2015</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: center; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">At<br />December&#160;31, 2014</td><td style="padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left;">Market value of stock on measurement date</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 142px; text-align: right;">0.05</td><td style="width: 16px; text-align: left;">&#160;</td><td style="width: 15px;">&#160;</td><td style="width: 15px; text-align: left;">$</td><td style="width: 141px; text-align: right;">0.48</td><td style="width: 15px; text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left;">Risk-free interest rate</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">.02-0.06</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0.04</td><td style="text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left;">Dividend yield</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0</td><td style="text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left;">Volatility factor</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">244%-314</td><td style="text-align: left;">%</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">151</td><td style="text-align: left;">%</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td>Term</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td nowrap="nowrap" style="text-align: right;">0.27-0.48 years</td><td style="text-align: left;">&#160;</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">0.33 years</td><td style="text-align: left;">&#160;</td></tr></table></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"></p><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1379px; text-indent: 0pt; padding-left: 0pt;">Balance at January 1, 2015</td><td style="width: 16px;">&#160;</td><td style="width: 16px; text-align: left;">$</td><td style="width: 141px; text-align: right;">453,579</td><td style="width: 15px; text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Issuance of convertible note</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">100,000</td><td style="text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Accrued interest added to debt principal</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">63,123</td><td style="text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Debt discount resulting from derivative liability</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">(270,116</td><td style="text-align: left;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Write off of debt discount due to debt extinguishment</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">26,811</td><td style="text-align: left;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; text-indent: 0pt; padding-left: 0pt;">Debt converted to common stock</td><td>&#160;</td><td style="text-align: left;">&#160;</td><td style="text-align: right;">(20,000</td><td style="text-align: left;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; text-indent: 0pt; padding-bottom: 1.5pt; padding-left: 0pt;">Amortization of debt discounts</td><td style="padding-bottom: 1.5pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">&#160;</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">352,212</td><td style="text-align: left; padding-bottom: 1.5pt;">&#160;</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-indent: 0pt; padding-bottom: 4pt; padding-left: 0pt;">&#160;</td><td style="padding-bottom: 4pt;">&#160;</td><td style="text-align: left; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">705,609</td><td style="text-align: left; padding-bottom: 4pt;">&#160;</td></tr></table></div> 169776 219384 49608 146099 360459 114360 0.10 0.17 0.24 0.41 0.01 0.44 0.57 0.04 0.13 0.05 0.32 0.21 0.00 0.21 0.03 0.25 0.45 0.04 0.20 0.05 0.20 297215 297215 598922 598922 267 267 270116 52166 -20308 0.48 0.05 0.0004 0.0006 0.0002 0.00 0.00 1.51 3.14 2.44 P3M29D P5M23D P3M7D 2 2 2 2 2 2 1 2452221 453579 705609 26811 10000 10000 -20000 124000 0.125 0.12 0.12 0.15 0.12 0.15 0.00 0.045 0.03 16176 200000 100000 150000 56000 115000 10000 10000 20500 14500 200000 P6M P6M P1Y 25000 1562 6000 100000 63123 The note shall be paid at the earlier of the Company's receipt of $50,000 in debt or equity funding or 365 days. The note is subject to a 15% annual interest rate and has a term of 120 days. 88419 89375 Conversion price equal to the lower of $0.50 or 80% of the share price that will be used by the Company in its next share issuance. 9000 21800 0.63 25000 P2Y 95322 30000 57143 129870 2014-05-30 2015-10-30 2015-12-31 2016-03-23 300000 90000 25000 57143 129870 10000 10000 11746 13445 4346 0 97029 13906 7528 67752 63800 Each Unit consisting of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock and one Series B warrant to purchase one share of common stock. 9500000 475000 225000 250000 0.05 85000 46500 26500 12000 EX-101.SCH 7 nacg-20150930.xsd XBRL SCHEMA FILE 001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 002 - Statement - Consolidated Balance Sheets (Unaudited) link:presentationLink link:definitionLink link:calculationLink 003 - Statement - Consolidated Balance Sheets (Unaudited) (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - Consolidated Statements of Operations (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 006 - Disclosure - Business and Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - Going Concern link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - Debt link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - Equity link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - Business and Summary of Significant Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - Business and Summary of Significant Accounting Policies (Tables) link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - Debt (Tables) link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - Business and Summary of Significant Accounting Policies (Details) link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - Business and Summary of Significant Accounting Policies (Details 1) link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - Business and Summary of Significant Accounting Policies (Details 2) link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - Business and Summary of Significant Accounting Policies (Details 3) link:presentationLink link:definitionLink link:calculationLink 019 - Disclosure - Business and Summary of Significant Accounting Policies (Details Textual) link:presentationLink link:definitionLink link:calculationLink 020 - Disclosure - Going Concern (Details) link:presentationLink link:definitionLink link:calculationLink 021 - Disclosure - Debt (Details) link:presentationLink link:definitionLink link:calculationLink 022 - Disclosure - Debt (Details Textual) link:presentationLink link:definitionLink link:calculationLink 023 - Disclosure - Equity (Details) link:presentationLink link:definitionLink link:calculationLink 024 - Disclosure - Related Party Transactions (Details) link:presentationLink link:definitionLink link:calculationLink 025 - Disclosure - Subsequent Events (Details) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 nacg-20150930_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 nacg-20150930_def.xml XBRL DEFINITION FILE EX-101.LAB 10 nacg-20150930_lab.xml XBRL LABEL FILE EX-101.PRE 11 nacg-20150930_pre.xml XBRL PRESENTATION FILE EXCEL 12 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0````(`.)Z=$?6X#P>EP$``+H1```3````6T-O;G1E;G1?5'EP97-= M+GAM;,V874_",!2&_PK9K6&E5?$CP(UXJR3Z!^IVQAK:M6G+@']O.]#H,@TH M2\[-/GA/S_MNIWLNF+SN#+C!5LG*39/2>W-/B,M*4-REVD`5E$);Q7VXM4MB M>+;B2R!L-!J33%<>*C_TL4ZCK4 M12$RR'6V5F%)ZH,U7`0]&2RX]4]/XJ26\A?O`WS[?XVOA;TER/. MM;G^:>B-Z$ASZA$2)^5@2')<(LEQA23'-9(<8R0Y;I#DN$62XPY)#CK"$@0+ M42D6I%(L3*58H$JQ4)5BP2K%PE6*!:P4"UD9%K(R+&1E6,C*L)"582$K^R0K M:?ZRF;T#4$L#!!0````(`.)Z=$=(=07NQ0```"L"```+````7W)E;',O+G)E M;'.MDLMNPD`,17\EFGUQ2B46$6'%AAU"_(`[XSR4S'CD,2+]^X[8@,)#K<32 MKWN/KKP.J:P.-*+V'%+7QU1,?@RIROW:=*JQ`DBV(X]IP9%"GC8L'C67TD)$ M.V!+L"S+%4EK0VTPAGEN&;>5ADZ3SXB?078VZ: MWM*6[13@2=&AXD7U(V8#$NTIO8+Z M>@"%,;X[)9J4@B,WHX*[O]C\`E!+`P04````"`#B>G1'>Q>T)50!``!8$``` M&@```'AL+U]R96QS+W=ORJ.C#HRZ09@,"2^-_PR>+\^"2[(DZ[5LS MN*8=7?3>=X/+IO=YW'@_9DJYHJ%>NXT9:9A6*V-[[:='6ZM1%W==D\(D295= MSHDOYY^SHUN9Q_960AR]:%N3S^,W8^^N(?).S3?83!M,RX^1_K.]J:JVH*LI M7GL:_!\5ZFN#6(6#,!R$(D';<-!6)&@7#MJ)!.W#07N1H#0=1((@861,9)(XK&6T!H9KD/$:&+!!1FQ@R`89LX%!&V34!H9M MD'$;&+A!1FY@Z`89NX'!&V3T1D9OE-$;&;U1Z*S-';9E]$9&;Y31&QF]449O M9/1&&;UQH;=KM*7RV=MVJ-W:-=^<4+O)U_=+1^RCR5;5AH[:>=2,W7U3_W M>>IGB/KU$^'R`5!+`P04````"`#B>G1'8-X;!3("``#2!P``$````&1O8U!R M;W!S+V%P<"YX;6R]5<%NVS`,_17!I^RP.LV6;@M2`VL2;`,V-)C3[LS(="Q4 MEEQ1#I)]?26[\9S615H?YHLI\CU2?"3LJ:+A9&ET@<8*)+;+I:*)96^<%>;[WO4I M/7>6@=I@TL8^#QZTN$5#OM/ST=G0/8T$!W^=&R$1:K,$82B:;NUDB]QJ\SBF MK>T[I41S/W2Z7;G[4<#60.C-RV`+1H"R`2/QUQU'05VV]E:V+,B:Z(\V=Y0A M6IJ&C;,RV]BV+3Y&HW&%<-8Q,FPZBQYE.^K;>U;"2J3K=`G&_B(RS\'L/2$6&R52TU[0PL[DNGW"^G%X<-IBC!2%?T*M6]/40 MMG(_K1)D-[3>NQ/Y7M[`BOBZ->RN\>S;^.1+&![_P:,'4$L#!!0````(`.)Z M=$>[ON_)\NZEL$NNW&K:[^/7\=))1P3 MUL.SMPX\*@@W>]V8P(2;9QM$QP@)8@.:ATFL,#&YLEYSC*%?$\?%EJ^!E$5Q M2S0@EQPY.0!S-Q"SNI*""0\_Q4@QXM_--@DE!H`$-!@.A$TJR^M5LC6U- M149]747'#0^XL%*M%,B[;BS[FXJ=$;P.1SG(H7WZ>]%#RI"LK]P'-52U;3MI MIZDN#DS)^^+I)9U-KDQ`;@1$55`,.P?S[-3Y;7K_L'S,ZK*@LYS2O"R6=,;* M*2OHQV&R,W^C8=T/\6\=GPRF[:+"!J[<;=+(M-STF4`2@O#*H;+F*ES"_!`G M6-A]?H'`ZT&],%VV+72M]3+4Z7Z-T>'EQ)6MK>^.J5_1V:NJOP%02P,$%``` M``@`XGIT1YE&UL[5I; M<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M3A^%$5B-;'EDD81_OTV23;J;/`0LZ?O.14?GZ#AY\^XN8NB&B)3R> +]O6N[!3+UES@6QHO(];JM-O=5H1I;*$8 M1V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,!$U=!)KF(M/+Y;,7\VMX^9<_I M.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9KQ]'22(""R7V4!;I)]J/3%0@R M#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2BW`A(5M>5`TR``6'!VULS2`Y9>*?IUE!K9';O= M05SP6.XYB1'^QL4$UFG2&98T1G*=D`4.`#?$T4Q0?*]!MHK@PI+27)#6SRFU M4!H(FLB!]4>"(<7K;YH]5Z%82=J$^!!&&N*<<^9ST6S[ M!Z5&T?95O-RCEU@5`9<8WS2J-2S%UGB5P/&MG#P=$Q+-E`L&08:7)"82J3E^ M34@3_BNEVOZKR2.FJW"$2M"/F(9-AIRM1:!MG&IA&!:$L;1>$[2 MM!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+D!&_'H8X2IKMHG%8!/V>7L-) MP>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T!Z.:60F]A%9JGZJ'-#ZH'C(* M!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+`.7\N?<^E[[GT/:'2MSAD6R4)RU3393>*$IY"&V[I4_5*E=?EK[DHN#Q; MY.FOH70^+,_Y/%_GM,T+,T.WF)&Y"M-2D&_#^>G%>!KB.=D$N7V8 M5VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_#0X=Y>U^89Y7&4#04;6RL)"Q& MMV"XU_$L%.!D8"V@!X.O40+R4E5@,5O&`RN0HGQ,C$7H<.>77%_CT9+CVZ9E MM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55ORL+YJ/;053L_^6:W(GPP13A8+ M$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SCYL=Q3E.X$G:V#P(RN;LYJ7IE M,6>F\M\M#`DL6XA9$N)-7>W5YYNTB42%(JP#`4A%W+C[^^3:G>,U_HL@6V$5#)D MU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF8$O#>FZ=+2?_VU[4/;07/4;S MHYG@'K.'YA,L0Z1^P7V*BH`1JV*^NJ]/ M^26<.[1[\8$@F_S6VZ3VW>`,?-2K6J5D*Q$_2P=\'Y(&8XQ;]#1?CQ1BK::Q MK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]!U4#E/]O4#6CV#30,9FV M-J/D3@H\W/[O#;#"Q([A[8N_`5!+`P04````"`#B>G1'2HZ50$<"``#@"0`` M#0```'AL+W-T>6QE@%T\^9TY__?3BV$D@2YMUI?ZBTZ.[YQZ=Y+/C!M:#`-PUD@"),XC64KY@(: ME*M60H(O!PCY^%M5T`0_GG_\U2JX^8#\>/;I["Q\O+C9Q\_=P@5&GN-;D>!H M=H6#YY-.PO`PL5W<(Y^]D/QOW'O4UY8ZZ`N4QJ628YVFV`-IW#RA%>'&/[+N MN>)*(S`'830X1!)!O<XSSW>T9((UK`D"UG)L)ZNW%NC:;DTI2+]+Y'?&N-%E' MTZNM`#>8O)G2!=5#Y@AOH#3FM`03H%FUM".HVDI7`$H8HV"D4I)P2[F)Z`U# MFU/.[^V;\E#N<'!(OZLHA@8DF M=K(?FJI\=HX\.T*1WYK4 M"]I!?X.#KCRD\-0M_T]-KU^U48VY@F]=GI.3.^BN%1G5<]<87R[I\OKXD;FW M$^_)?-M;G8/RG2_\`4$L#!!0````(`.)Z=$>)YB6FX0(``!D)```/```` M>&PO=V]R:V)O;VLN>&ULE97!4MLP$$!_1:,3O32Q20)D,`=(2IEI"T-2>E;L M-=$@2T:2">7KN[))63=J6DZVY-63M'KRGKKIQMB'E3$/[+E2VDUMQM?>U]/! MP.5KJ(3[:&K0^*TTMA(>F_9^8,I2YC`S>5.!]H-T.)P,+"CAI=%N+6O'7VGN M?VBNMB`*MP;PE>I@E9":GYVZ:2D5W(%U"&:BKK^)"C+^K#A3POEY(3T4&1]A MTVR@UV&;^KR1*C3&PS$?!-AVJS>6Y::`#K9<2_?C]0-G!92B47Z)B]W.F_$D M':7II&.$L#L)&T>!H8.)W,LG6(I5QH>769O/96/EBM!=JD5NC5#LJ?&@'X0SN=P^NTI"6O`X*NBG=A.);[8JR+I4D5!%RB&4;+`7!3L7"BAD6%'N\-FL/(D^IA$'^]& MSQ\;M('$GY#XD]WXV_!_P`S="(L2+:W0+MP83!ZU:$@U&NY2%LW*P6,3E)P_ MA333P3T'(Q+N37"24A2U,(EHN!]%-4RHATE$Q)!V=H"W6H'[0`=2[Y*(>/O7 M,*8H:E[R7O62"451]Y*(?/M11Q1%?4PB0NY''5,4E36)V+H?=4)1U.,D(G+O M=K&#&7@A5>_D4FIQ&K&X._+82*IP&E&X-Y(MX=DW0O4(O?]GQ-SNWL9GIZJF M$57_?H=;'D51>=.(O#L7.;XB*FXZ?BU<;[4*RS4>:Q$JN6NGP%*8A_*.C^X> MC\;A0$/[*Y;\C(>ZC"6X4>H"^Z[U%R/:ZM61MP7][!=02P,$%`````@`XGIT M1\=\'!T\`@``BP<``!@```!X;"]W;W)K1"0OC&'Q9TLH[S=Q&M\&WIMSK\Y_S"=[\=-#$P.A)*#,B&P M?EW)CE!J(FGR[S'HG6F,T_8M^E<[79W^'DNRX_17S9OSYP]L_9L8L^]!0@5 MQ3P@=X`\L"\\P*#(K:(=``L$YQF%8Q0!8^DQ0L5J'K!P@$5@3_U]\D#RQ$99 M.L0R]'L[9?M`\L1663G$*O1G'N*!))]'I.!^H$`8H?"/%`C^.`1/<28'-PTY M_L8:-<54LWR"`N\4&%)6/B740/`$Y7Z$4Q1&2+TJ,6JF:X9R6.AU\X][,JE] MC(BSO1-D=."75@VESXVZ>^<5VMIYEU=EA\_D!Q;GII71GBM=@6V=/'&NB$X( MO.A4:GTSN@XE)V6:"]T6PUTQ=!3O;E>?NW^KOU!+`P04````"`#B>G1'Q&=3 M![L#``"4$```&````'AL+W=OO/S@W9][IJ^L?->1@N#WG>/Y]=7?2?VXMK_'].;5<7@S_M7O+^ MTKGB.!7558Z,J;PNRF:SVT[7OG2[;?LZ5&7COG19_UK71??OWE7M]7$#F_<+ M7\N7\S!>R'?;?*X[EK5K^K)MLLZ='C>_P,,!]1B9$G^5[MJOCK,1_JEMOXTG M?QP?-VQD<)5['L8F"O_QY@ZNJL:6?,__W!M=^AP+U\?OK?\V#=?C/Q6].[35 MW^5Q.'M:MLF.[E2\5L/7]OJ[NX]!C@T^MU4__7_NAK=]+-EE=?+]]ELWT M>;W]Q[![6;P`[P4X%X#XWP)^+^!!07XCF\;U:S$4NVW77K/^4HQW&QY\O!L; M\2V/!]-$38WZD?7^ZML.<9N_C>W<(_M;!->1'Q.'2(+/D=SW'X7`&0*G>KZN M%Q_7\[F>3_5B72^#0=PB>HHTMXA5Q@8#H2F#*2AB1A$4104HMXA<=0),:^`! M"XU9$(9]#"-G&$EA=``CR8BYL,8$+)*P<`G*?,RB9A9%68)>]I%(>(-49.XD M2Y@4/8-HT@MG`8@FDR*U$!"P:,(BC%XMO)^RF)G%4):@E[TAO2!:$\8.-`96 M,*L_IK$SC:4TH0LLF1FKP\5B*0I/`0&V6(E1%!YJB6;(CNE19O@&%A\"528/&'=P6),H,KDH:?NF1\F3X.2Q/XT MQRV3.D$/L(@3J#EY*"N(.%$S>M+^M8( MG?24+BH%ZM+0V'N@EM1,*OJ4TIR07.J4&5IT"M2G@NRMJ"S]]^_Z&^U.%,F9 MM&\^7+2*5)DBU"I294IK@6R5(CFT&B%A2>/B5J1N%:%;,>),99`1$46"8`SC M*F4SNMJ-4KNF/*BXV!6I74,E[)%:$Z569$RQ&,J4^[ZX%:E;1>A6I-+4`C6& M*S&24P!^%Y9`M,@5J5Q%*%>D'6!+];(J4O3LN@D5J11$*%JE@ M/Z&0@.&3=(@E02$PE>`17$R+U+0R-"U2A4;W'[%<;/^1K]X?+\6+^[/H7LJF MSY[:P;^*3B^,I[8=G&^3??8C/+OB.)]4[C2,A]H?=[>7YMO)T%[>?P.8?XC8 M_0=02P,$%`````@`XGIT1Y_R=FS=`0``:`4``!@```!X;"]W;W)KD>HET,J9.$,$XPQQVG9AD;N]9UGDXJ19V\&S#-2)F'X1PR-,+:0V\""8V<^,POLF^3+9U`YD, MQ!NBY+^&>#+$"P,:R5Q?WZBF12[%$*B>VC\[VAJYM"$FV4[,Y!/G<'WM_[/S)W!\OFA@E M]T[2.0G>8+QHM?Q,]2%+XEF2:Y9DP3)*TEF5*,7C;\%SB_)#IM0SI==,Z8(I MO:I$TKN,X&@!7ZX)B86ZX2MEGBB[)LH61-FM1&O"52(T.Q0]/<(/*H]MIX*] MT.9\N5-0"Z'!A.*-R6O,M><7#&IMIW=F+L>;8%QHT5_N-7^Y%N]02P,$%``` M``@`XGIT1\3=!/P4!```*1(``!@```!X;"]W;W)K9W3VT?#C?#S534.X6H:#W?ZJKOW MH''^K2A^-1]_[5]GI/'!IG97-Q2)>[S;C4W3ALGU_&]/.O;9&-Z_?[#_TY[Q]WKI_%.G-_`:L-V"#P="/WX#W!GPT$%\:B-Y`3.U!]@82]!!VVMO( M;9,Z62W+XA94EZ293W3AX&5#XIB;EW8H6E(7N\JUOJ^D7H;O#4\/67<0=@^) M'B%;#*$#(G3]>YU@'TZL&3)GCQUL,$(:X,-3DOA+DD_=Y$.L>&O/[^P5>6XO M!GO1VHM[>PIBW4%T"\D[$5)(`^*]P3!*(R,$"`F&22VD`K`8PWBDC=;/M.QU1HQ30AF%:&D&`-(P2Q#`)AQS#F-:&J^?2U"!-86D<2%/8 M9Z8XG,08)3@A<-`PBBK)*53F@5%'-F'=Z4&9QA-:/+>/!OL(1T:"R$0>-PT3 M(,=L,$Q0$U$0YRV&R4B@>1]CF#+"\`F+U0S:#-8&9NK:H&[F0BD*0K`Q:'G- MN581@0G,1^?6!YQ&L8?/12&*)N0R2L;$3_#@3UCQ]*YT4!PBD*C6/>;!688B MY&%B,#H>)C>/0&B^)OI<%!M%,2S*0%$8`]W=3,!L)V#B'O,80"T)F3"9Z5BZ M*$==:0)E<=R5UI&&:]6'HU0P#C.9#R@DTS!]QE[&2-`IY9F.]97B`JMA@>TQ M#RF$P3*\\3#AT<-,\]"5$E0+N#WR`(4A%.X.MCY" MHUS0*!3I`5)#M),Y0>58<*G&*@54V6',?5_D!8\CAF'4]A,R-$?]L&B"N'$W M0/%V0,/M0(]Y*LX/HU"='X;4^6%3U(W[`8HW!!IN""@NX4QJMRGC*(=ZD(*[ M/;=04*./4QBMX)8X]G(29=RBG7`8&W<&C&"E\$S88R8H]2$5EY&6<#2]G%ZE M/J1?:7AW#LYL>6QO(*I@5USSNCO:#:W#+<^-H_+]KFIRMT0=#PLT1BW M/);[TWR]&LY]:=:K^J4[[$_5EV;6OAR/9?/?ICK4;[=SF+^?^+I_?.KZ$\OU M:CG&[?;'ZM3NZ].LJ1YNYY_A9FN+7C(H_MY7;^WD>-:;OZOK;_V7/W>W<]-[ MJ`[5?=>G*,/':[6M#H<^4[CROY>D\9I]X/3X/?OO0W.#_;NRK;;UX9_]KGL* M;LU\MJL>RI=#][5^^Z.ZM"'K$][7AW;X/[M_:;OZ^!XRGQW+[^?/_6GX?#O_ MDK^'Z0%X"<`Q`'X>0)<`B@%V:.G9V="NW\JN7*^:^FW6/I?]W8:;(&_Z)"%S M?S!TU)`TM*P-9U_7>;%:OO9Y+I+-68(3"8R*94BN7@'?K[!!$8[7%]A*1>8_ MO@*-;:`AGJ9M2(BW8[P=XNTDOC"L#\Z2?)";LR2;&/4F_+'F2%5H#>79QV;RT4PNS1`SDXO+9`C. M,3.YZ-O"A8Y-N-7%:*:09BPS4P@S5#C'5%N9"!.,^-&(ET8R9L1+(QXIY]WB M1;>`];DK/G8#)F+`2#^.<\`(0Q8\>Y'!-E!@YEU'2 M#4G62DJJE$D"(P!1`M!S)*,DVX)<01EW(^O(,+XSG_((1@2B1*#G2$8%;9DL MLA59F-I,TB,8$8@2@9XC$!6T94YQI"'0)0T*B@0D65,"O]3F(KJJZD$Z(J6L M))O41Q2)2I*6P)=P&T4D*$8*4K,PE224J1292I*78#A4+Z*KFL85TI'D*IH< M7<+$3I.5M`0K&$Y6DLA$L(Z/,T7FBY3[%;%*$JM@.%=)3`)$SM%M))$*QC.5I+,#`MT M*SI9R@#SE&*7(EE)DA5XU;A11')(_-H:G2)3R2O=F_)J*4+0*A`$\79)0C!4 MR@!\J:_HR$+A$[!C(P6M0D'@%%1$HH,OFFO;61*4;:2@52@(G()64M#+64)) ME7+';02@50`('(!6DDV91)54268F[R45_/$%W<9J8%/<_-I"W4;X605^P.%G M%?AI;F2N)#>1?%;6E&*\;"ZBZS4`('_%H^1*3O89CU3P.>S#M[+Y^.77GC8#Q[+C/\QG[ MO0IV?@,WV_-N34RS7CV7C]5?9?.X/[6SN[KKZN.P7_%0UUT53)I/X5EZJLK= M^.50/73]81Z.F_.>S?E+5S^_;T&-^V#K_P%02P,$%`````@`XGIT1SYQ];.C M`0``L0,``!@```!X;"]W;W)K:>_<<&#,UCTH;F]P`.W_M&@4=SXU';.#`=Y$DI*LR+([IKC0 MM"IC[U;_&:;W[,[?PB/*7:%SOS6:4--#R4;IGG+[!,L)M$*Q1VO@E]6@=JI5" MB>*O\RIT7*?YS]W]0KM.*!9"D0B?LFA\;A1M?N&.5Z7!B=B!A[/+#QYN@HA7 M#D&<.XIZH]97+U6>?R[9)0@MF-.,*;:8A&!>_6J+8FUQ*OZC%Q_3=\GA+M)W MV^Y%]K'`/@GLH\#^'X'\W8C7,.]=LLV>*C!=O#J6U#AJ-V]IJJ;;^5#$,WF# M5^7`._C!32>T)6=T_F3C_K>(#KR5[.:6DMZ_GY1(:%T([WULYBLU)PZ']8&D M5UK]!5!+`P04````"`#B>G1']V5Y%Z$!``"Q`P``&````'AL+W=O&T MHRNZ%)YDV[E08&7!$J^6&GHKL2<&FAV]6VWW>4!$P#\)DSV+2?!^0'P.R9]Z M1[-@`114+B@(OQSA'I0*0K[QRTGSHV4@GL>+^J\XK7=_$!;N4?V7M>N\V8R2 M&AHQ*O>$TV\XC;`)@A4J&[^D&JU#O5`HT>)U7F4?UVG^PQ?:90(_$7@BW&;1 M^-PHVGP03I2%P8G8082S6VT]W`01KQR".'<4]4:MKQ[+%5\7[!B$3IC]C.'G MF(1@7OUB"[ZTV/-O=/XS?9T2G:U MH:3S[RG1'PU@QSJ,! M``"Q`P``&````'AL+W=O?,&5^*$5=2VQWMG.NWC-FJ`\7M!?:@_9\&C>+.IZ9EMC?`ZTA2DN59=L44%YJ6 M1:P]F;+`P4FAXR2>\ M+'K>PA]N6J$M.:#S)QOWOT%TX*UD%Y>4=/[]I$1"XT)X[6,S7:DI<=@O#R2] MTO(#4$L#!!0````(`.)Z=$&PO=V]R:W-H965T M&ULC5/;3MPP$/T5RQ^`V=&W:,V;H'Q>T5#J#] MGQ:-XLZGIF-V,,";2%*294ERPQ07FE9EK#V:JL312:'AT1`[*L7-OP-(G/8T MI6OA272]"P56E6SC-4*!M@(U,=#NZ5VZ.Q0!$0&_!4SV+";!^Q'Q.20/S9XF MP0)(J%U0X'XYP3U(&81\X[^+YFO+0#R/5_4?<5KO_L@MW*/\(QK7>[,))0VT M?)3N":>?L(QP'01KE#9^23U:AVJE4*+XR[P*'==I^7.[T"X3LH60;83;)!J? M&T6;W[GC56EP(G;@X>S2G8>;(.*50Q#GCJ+>J/754Y7F::?4?4$L#!!0````(`.)Z=$&PO=V]R:W-H965T80?:_ZG1*.Y\:AIF.P.\BB0E69HDUTQQH6F1 MQ]J#*7+LG10:'@RQO5+#\BOH3D7[6G2;``$DH7%+A?3G`'4@8AW_AUTOQL&8CG M\:S^)T[KW1^YA3N4SZ)RK3>;4%)!S7OI'G'X"],(FR!8HK3Q2\K>.E0SA1+% MW\95Z+@.XY]L.]$N$]*)D"Z$;1*-CXVBS7ON>)$;'(CM>#B[U<[#31#QRB&( MK8XS"(]^^+P M^G>!]2*PC@+K+P(WWT:\A-E^:\+.]E2!:>+5L:3$7KMQ2Y?J&ULA5/;;IPP$/T5RQ\0@Y>DR8I%RJ:JTH=*41[:9R\,8,47 M:ILE_?O8!AR2KI07/#.<<^:,+^6DS8OM`1QZE4+9`^Z=&_:$V+H'R>R5'D#Y M/ZTVDCF?FH[8P0!K(DD*0K/LADC&%:[*6'LR5:E')[B")X/L*"4S_XX@]'3` M.5X+S[SK72B0JB2)UW`)RG*MD('V@._S_;$(B`CXS6&RFQ@%[R>M7T+RLSG@ M+%@``;4+"LPO9W@`(8*0;_QWT7QO&8C;>%7_$:?U[D_,PH,6?WCC>F\VPZB! MEHW"/>OI$981KH-@K86-7U2/UFFY4C"2['5>N8KK-/^A=POM,H$N!)H(MUDT M/C>*-K\SQZK2Z`G9@86SR_<>;H*(5PY!G#N*>J/65\]5OKLKR3D(+9CCC*%; M3$(0KWZQ!5U;'.E_=/HU?9<<[B)]M^U>9%\+%$F@B`+%!X'\TXB7,)]=DLV> M2C!=O#H6U7I4;M[25$VW\Y[&,WF'5^7`.OC%3,>512?M_,G&_6^U=N"M9%?7 M&/7^_:1$0.M"^,W'9KY2<^+TL#Z0]$JK-U!+`P04````"`#B>G1'@:CL(>4! M``"J!0``&0```'AL+W=OVFG\N,S$PV4O;& M&P#A?!#<\8O;"-&?/8\7#1#$'V@/G;RI*"-(R".K/=XS0*4F$>P%OI]X!+6= MFV>897MD2Z'A+.X=! M=7$?#^?K22$TX%<+(U_M'97[C=(W=?A17EQ?I0`8"J$4D%SN\`08*R%I_#YK M?EHJXGJ_J'_3U)3T8ZS6K!/#TV& MH::':_?`WQ>(C$"D!:)_2HPV)=HP\;Y);$QBBT"R,;%ATGV3Q)@D%H'CQL2& M.>V;I,8D_2H0^QL3&^8__HFC,3E:!(*-B0T3[IN!MF^_#>JID( ML%K/#.X4=.C$U$LF:L;28Z";\1.>9SVJX2=B==MQYT:%;&G=>!6E`F0J_H/\ M/QHY.,T!0R74-I5[-LV2Z2!HOTQ&,Y[SOU!+`P04````"`#B>G1'GGI8H\H! M``#@!```&0```'AL+W=OB5[3EL.S1*IGC,B_9Z!B.`51,"=>VKK1-H'S#'M>V3+@JA4<2:A. MP4-T/*<6X0"_6QC4(D:V]HL0KW;RLSP%H2T!*!3:*A`S7.$1*+5"QOAMTORP MM,1E/*L_N6Y-]1>BX%'0/VVI&U-L&*`2*M)3_2*&'S"U<+""A:#*?5'1*RW8 M3`D0(^_CV'(W#N/*?3C1M@GQ1(A7!#P:N3*_$TWR3(H!J8[8?Q<=#5Q:$:-L M`]>W$S6%*I.]YM$AR?#5"DV8\XB)EQB/P$9]TR*>+<[Q?_3X-GWG*]PY^F[I M'H>W!?9>8.\$]I]:3%3Z#/^LO\$+LC_`'/LX[4\(O( MNN4*780V%\$=UTH(#::4\,[L:F.>&S^A4&D;IB:6XPT<)UIT\WOB'[7\'U!+ M`P04````"`#B>G1'/XX$,:,!``"Q`P``&0```'AL+W=OE-3V2'OGA@-CMNY!<7N'`VC_IT6C MN/.IZ9@=#/`FDI1D>9;MF>)"TZJ,M6=3E3@Z*30\&V)'I;CYD;7$?8!<$:I8U?4H_6H5HHE"C^-J]"QW6:_Q0+[38AOQ+R1'C(HO&Y4;3Y MA3M>E08G8@<>SFYS\'`31+QR".+<4=0;M;YZJ3;[7B*.X54Y\`Y^<-,);G1'.9L'JSD#``#M M#@``&0```'AL+W=O.CSW,P5->2/]. MCQ@S[[-M.KKTCXR=%D%`MT?<5O0+.>&._[,G?5LQ_M@?`GKJ<;4;@MHF@#!, M@[:J.W]5#F,O_:HD9];4'7[I/7INVZK_L\8-N2Q]Y%\'7NO#D8F!8%4&,FY7 MM[BC->F\'N^7_A-:/$,A(`/B9XTO].;>$^+?"'D7#]]W2S\4&G"#MTQ05/SR M@3>X:003G_GW1*KF%(&W]U?VK\-RN?RWBN(-:7[5.W;D:D/?V^%]=6[8*[E\ MP],:$D&X)0T=?KWMF3+27D-\KZT^QVO=#=?+^$^63F'V`)@"0`;(>>P!T100 MJ8#XOP'Q%!!K`<&XE&$CGBM6K7#QZJL3K@181,F+GL6&`H`<@= M]"@30)%#@JP@/4-64.8@1AD*,AT%92[K43:`D@=3I`H8F15LIB@U]C[4]\.$ M`,^/RW*4%Z#,)3TV4*'+L8!<'!8I7T&FL:#``\>%$!5--@JVLB2>0Q`*.;EI.^*B8N+-'19E#((<#DPV$"Y\=)8 M0(5N>,%-4]#B_C!T5]3;DG/'Q@.[')4=W!.(ID(;7Z/%9NS#%,VJ/%4'_*/J M#W5'O3?">,LR-!9[0ACF&L,O_$4Z\MY3/C1XS\1MQN_[L1L;'Q@Y79M+V>&N M_@)02P,$%`````@`XGIT1R&([UQF`@``20H``!D```!X;"]W;W)K&ULG5;=DIL@&'T5QP=8!6/4'>-,-YU.>]&9G;UHKTE"HK,H M%DC`MPRCG0ZJ20##K:MSPBC8>P_N5_P4\KV&H(!KQJ\(=G_0] M)7Y#Z;L:_-BM_%!IP`1OA:)`LCGA-29$,N:#U.<3W:O31MU6CVZY_ MDX9#F#T`#@'0!(#%S8!H"(AF`4&O3-?U%0E4Y(QV'F^16FWP+.%,D4AFU=$? M2I/*RKB8,I-FLYFN8:\U+(V=ID;.\3Y`8@N2Q39`:@M1A$UQCX/QC MW(1\*B,S,C*'Q;_&N.0`X>C;T&'U+2"G-)/C`5C2..Q2,'H;/&AN,+H;N-C; M`KI:VMN8SZ6,S@8NUK:`G-*,W@8NYK:`G-*,G@4VTZ8.%*-KP8.V!:-O@8MQ M!]#=X]N"Z&ZB>RS_J;3#P1MSQ&ULC919;Z,P%(7_"N)]"CAABPA2TZJ:>1BIZL/,LQ,NBVICQG9"Y]^/ M%^(R!"E]P0OGGN]87HJ1\7?1`DCO@Y)>[/U6RF$7!.+4`L7B@0W0JS\UXQ1+ M->1-(`8.N#)%E`0H#).`XJ[WR\+,O?*R8&=)NAY>N2?.E&+^]P"$C7L_\J\3 M;UW32CT1E$7@ZJJ.0B\ZUGLSK[D;%W/?A1[?U0 M1P`")ZD=L&HN\`2$:",%_C-Y?B)UX;Q_=7\QJU7ICUC`$R._NTJV*FSH>Q74 M^$SD&QN_P[2$6!N>&!'FZYW.0C)Z+?$]BC]LV_6F'>V?))O*U@O05(!<`;+! M+1UF^X`2S.#<@4$O=356?VVMO M!Y(-UT?,O:3E/U!+`P04````"`#B>G1'U6W!2FX"``"""0``&0```'AL+W=O M[%)I.Y MV+VN6H4,I6Q;9?;MMRU8%#L#F1LI]7SGG/)Q:).&BS>94ZJ"=U96(]%`Q(>9 MCXNLG,C*0S!LG`^S'!=9.Y&UAV!"3!#LXPJ_]AJCF\2C\;!X_W M+?.")KP=J`\VBL9;E_E`&$[0Z?.//!\`/"%1J,\M6GRQ>WTJD2^6#]WS@#"> MH-.'#DU(7>8#3?DJHSYW:$+P,A\(#^,-;K8\1L7)'@5DL.?G2K4[GIMUQXUG M;+?,'IXF-3G17T2*U]<3CSMVI?\!4$L#!!0````(`.)Z=$>7Z32A70,``)D1```9````>&PO M=V]R:W-H965T$QV5"C`NC#'[]@N#T@8Z,L6-_'CZ3'?#-P/,SZIX*P]2:N=B.5U2>5<[YA&&=.JLK(Z^[X$F,R]]]KHHEDU M&KC1B%;A5>[L$'`=8@6]<(#IYR'6G"8<'@3;.M`8X">#:-@@:`T"8Q#<%AGZ MG49P&M&IA-/`<"*3-I%)SP!@UDFDT4R,)K>](M-VB"F3(PX;A*U!.*[;46L0 M672;TP2=;G.:R7`BLS:16;_;V$UDUNLV=-*XI_@R">$3A3Y3Q]3"X@9D,>Z: M""`+L+@JK*A[65B1!<^"@!;(6-C40TB+8&1+"$;1IY%I"2>:=5O"B"+?(AG" M5O2Y!;0`7Q"X8B2Y@M`5-NQRHFAF,0Z1*3@T+;`"P@K\<=4"807"HEI&!(B= M&V!`]'4R!"CTL0(,+"P(*QBY4`)A!19+Y9H1`5K,S$#L`;,2HL6D"$0,3$=6 M2\1`:',#]$5VU1)6T"<&T&+*!"(&9N.J12(&N86H6RTC`HPZ-P`KLI@!D-A# MAIC`8LI$(@9A9$MNGBRYA:C7$D84=6<`5F2!+Q)[R&`56"P!2%CA9&1+""OD M'B![+6%$4?>YGQ79//@3H,BQUTLF''R&NROY.A$B&!F"`QL+(AA'$AP0P8$- MP9PHZCZQ<**9!7X!$1QP:UXO&3%X;>Y*FD2\FS?>3!9[\R6@=#;JE.OF;;0] MVWYM>#)OS)WS*_&X;KX9D,UR?HSW\E=<[).\=%Z5KM['S5OS3BDMJPS]ARJW M@XRW[4$J=[K>#:O]HOERT!QH=;Q^"&F_QBS_`U!+`P04````"`#B>G1'O,-* M.1<"``#C!0``&0```'AL+W=OR,0PHX]F)G83J<]=":30WN6[;5A(B$BR2;]^TH"RS;0.!^]?;N@ MS1HAWU0!H(,/SBJU"`NMZSE":EL`I^I!U%"9-WLA.=7F*`](U1+HSI$X0SB* M)HC3L@KSS,5>9)Z)HV9E!2\R4$?.J?R[!"::11B'Y\!K>2BT#:`\0YZW*SE4 MJA15(&&_")_B^7-J$0[PNX1&7>T#ZWTCQ)L]_-PMPLA:``9;;16H64ZP`L:L MD$G\WFE>4EKB]?ZL_MU5:]QOJ(*58'_*G2Z,V2@,=K"G1Z9?1?,#NA*@IQR3)T,D* M=9AEB\%7F/3Q%K(>0F*/0,;`J`M\=K'$`SJ^3;`:(M)9S\-=D>=/1?YK,_'- M2AP_N6D6N2]`O`!Q`N1*X#'J-;N%3!VD&D]H_M`(``,@)```9````>&PO=V]R:W-H965TPTG;\?VQ!#;:*B;H+M MG'O.\>->N[CP[E4<&9/!>U.W8A4>I3P]1)'8'EE#Q3T_L5;]L^==0Z7J=H=( MG#I&=R:HJ2,$0!(UM&K#LC!C3UU9\+.LJY8]=8$X-PWM_JU9S2^K$(;7@>?J M<)1Z("J+R,;MJH:UHN)MT+']*GR$#QN8:HA!_*[814S:@3;_POFK[OS_ZEV\JC<@C#8 ML3T]U_*97WZP80Y$$VYY+@(0#9 M`*LS'X"'`#P&&(6H=V;F]8U*6A8=OP3B1/5NPP<%[S2)8M8-LU"&5,U,J-&W M$L5)$;UIH@&S[C%H@H$6$2GV60ETE5@C+QQ]%-CX"))_KH#M)+")QQ\FD7Y. M$%N"V!#$'P@R9Q5Z3&HPK<%D$`#@3,5'01Q/83?=$.N&>&X@=/>DQY")3H(A MPHX;GPDM6-C$.DEFG#@S7B>>$Y0"S_`F\18&QS#+%VQ3:NVD,]N4.W92SP[. M$4Y=.ZF_3W&>)MGG=C)K)_/MD`4;G5N"_&OG%H(Q?<&,!^CF+_#6)":8I`N. M`IQ4"K@@20;05$HGR9+S#]$HA19DP`"ZG0*WE<;*`?&"$SZ`IDIWSAF_K346 M&3A390ARM6(_G9(,+BBX<"P@<";O"7:5_!)RAQ9NU5@AH%\B_)R$?HW`!"&( M%DB-V0]GTI_$KI2?V"D@"7#/>C2Y(!O6'43Z@G7& MU_K18B[>D:8L3O3`?M'N4+4B>.%27=_FDMUS+IFR">[56AS5L\IV:K:7NIFJ M=M<_-/J.Y*?KN\D^WLK_4$L#!!0````(`.)Z=$<52Z!.;@8``+@F```9```` M>&PO=V]R:W-H965TG3/2.?O.7;7[OG+"LF M?]:KS>YT^EP4+Q]GL]W]<[9.=Q_REVQ3_NK_.UT*J>'+[XOGYZ+ MZHO9V>_J@\W M#Z=34?F0K;+[HE*1EB^_LXMLM:HTE9;_;92"S4JP^_Z@_:H.MW3_9[K++O+5 M/\N'XKGT5DPG#]EC^KHJON=OG[,F!ELIO,]7N_KOY/YU5^3K@\ATLD[_[%^7 MF_KU;?\?ZQLQ6D`U`JH5D&Y00#<"&@3,H(!I!`Q7P#8"MA7P85#`-0*.:\$W M`KX5"&)0(#0"@6LA:002[K)6.=]G3G"=DFVR(=OM)GE'Y)!NJ;B1R$/")3OC M\I!RRTRSOML7R1UB5VF17IVLLW?)KN7M"(>^;'";RL]I?+J M35VTM=ZRRG;EM[_/E+4GL]^5I@9SOL>H'L;U,1<4QO''N1I5\&U>R M()1`T+-R1]';2K7;2M4*="]:=4Y@X/\.8]SVQK2<6:_!QR!:%K+2+-^4W0A/'%=>ZX@A7 MHBJ;.[SZ5N`D[6%V!+;`VI00O%SZUFU/N!U5R=PC?ZS#7H^AWOHK`E@SB*8%,Z41I[V*V$GC_ MF,1W:F_`ITZ?DT3T$0%?-:"NK>"MB&E:XJ2CYO*5,HC6`&OZ2P="S8@H`%XUE%)*%?2*)A>!\'2(%8 M.PD:@208W+.R`10N[9']40+W2H)\0Y2I"TFP+V;5RU'8@$=`JY+@U2!CCS!E M2I6$N(-=$CCKI>%0G@1NE12YVM@ES*ZXH"\)5"*,Y_@#'"P)$@Z*H4,!O2IQ MY.910(>*8)1XG/E$@0)K#NP,@A3OQ%U480;HCRL#IH`!%%'<(6YP#:BW_9ST MK.4##E`$!P0;+Q\%8AD"HE#$B!9\;`A/>YI9O0KX1%'#7-0AY@J/:=Z$$"_R M"&K`'V`314UI*'2*CT" M&O`&&$)3`Y.,#>&!27+'<0TDH0F22.(3/0F2'$.=0R75_W6\Q,1Y4>"F>4W@ MF+._!B;1U#1A8H\,GDN#D:R,`I=H@DOBL?Q:TUS"L014H@DJ251LB0)QNHL& MCM!$^2)S/7%%?0"3.`Z3.-S_%?7T M8PPVX!$PB2-(0K)T`$FX8\<$UWDLQ!@3YA1(QS<)(Z`!;X!N',4D.O8&'Q(4 M<>B[&\<-^`3,Y`AFDISYQ@&7N&/O'#PP@&?<.=P0(,FZ\?90_YZJ?Q$;PO7/ MI1H/!.`9CSKFGA@F\`1S-PH;\`B8PC.>3=P0("UC[IMU?MCQDCYE7]/MTW*S MF_S,BR)?US_D>,SS(BL5B@]E)3]GZ4/[894]%M5;7[[?[G]8M?]0Y"^GS>_$ MVA^KG?T/4$L#!!0````(`.)Z=$?^@JR&>@(``%@)```9````>&PO=V]R:W-H M965T- MRBP02Z)N_WV3$%D@K##U09)PSKGGWGR0Z8V5[_Q$J7`^\JS@,_7QW MHCGA3^Q,"_GFP,J<"-DMCQX_EY3L-2G/O,#W(R\G:>'.IWKLM9Q/V45D:4%? M2X=?\IR4?Q9"]S[P%MZ/`DUX,VG7LW;ISDM>,H*IZ2'F?L=3#9`0S3B M5TIOO-%VE/DM8^^JL]G/7%]YH!G="25!Y.-*ES3+E)*,_,>(?L94Q&;[KK[6 MZ4K[6\+IDF6_T[TX2;>^Z^SI@5PR\<9N+]3D@)3@CF5<_SN["QO971)#YM&0WAY^)VA-@(N&E$I'*JJ&7DQ:5\\_EZ'4. M`9QZ5R5D,(L*$[0P81NSM#$!BMN850\F\MN8Y[Y8J(U9]^BT$3]L!$K:D)=! MDT05W:0/-A*Y5H6`#6`E`+A`V!N%/V507!&E)4$(PZ-5W;(!1$ MH%,R.UC0+9FM\PW&4=3QM'FH]&7:89UV:/$AP)UE4F%0PPKTU6\X#JKCH)XX MG27[C*R4DW%AHCI,U!.F4]E%9*4#@B3&G8E#:#;;=!)TP"VPE M#5I)5V:&4%^:B6LSL;U2T`B!I!9(_F^+`?_S_/.'-YG!-%.%88SC$8$:!RT8 M7@I^3]02P,$%`````@`XGIT1\Z#QT!1`@``>@<` M`!D```!X;"]W;W)K&ULC57;CJ(P&'X5P@,,I>5H MD&34V>Q>;#*9B]WKJE7(`&7;*K-OOVW!*H4LWM@#WZD_^#?K*/OD!2'"^:JK MAJ_=0HAVY7G\4)`:\Q?:DD8^.5%68R&7[.SQEA%\U*2Z\B``D5?CLG'S3.^] MLSRC%U&5#7EG#K_4-69_-Z2BW=KUW=O&1WDNA-KP\LPSO&-9DX:7M'$8.:W= M5W_UY@,%T8A?)>GXP]Q1X?>4?JK%C^/:!2H#J5)^U@#>+#9S0X=A@.T6$Z1BRFQ$)DS'F;0:#EH,B4PND^6A4"[@L M$!B!0`L$(P%D%;/'Q!K3],5$01!:%9E!^7$0+8<)39AP$@9&5I8>$CZX`*ND MX21'@)Z)$9D8T4Q-`BM'-,F1Q@"FRS:QL8EG;*RB;N*)C8]2\,1I$F.3S-C8 M54TF-G$(DV67U+BD,RZQY9).WDP42Y]E&Q_<__Q@8I1:W^MNP(R,4`*`9>0] M-)R:L+-N]=PYT$LC^F9@=LUU\@I5P[+V-_YJVU\*=YD\:_&9_,3L7#;LV_P=02P,$%``` M``@`XGIT1P&?0L*Y`@```@P``!D```!X;"]W;W)K&ULG5;;CMHP%/R5*!^PL1WGP@J0NK!5^U!IM0_MLP$#T28QC0UL_[ZV$^PD MN,7*"[G-F3ES\"2>7UGSP8^4BN"S*FN^"(]"G)ZCB&^/M"+\B9UH+9_L65,1 M(2^;0\1/#24[7525$0(@C2I2U.%RKN^]-<'JH*'[1?@%/K^B5$$TXF=!K[QW'JCF-XQ] MJ(OONT4(5`^TI%NA*(@\7.B*EJ5BDLJ_.U*KJ0K[YS?VK]JN;']#.%VQ\E>Q M$T?9+0B#'=V3V?4;[3PDBG#+2JY_@^V9"U;=2L*@(I_ML:CU\=H^R4%7 MYBY`70$R!1#_MR#N"F)?!=P58%^%I"M(1@51ZUU/;DT$6-`%?$P0&X)8$^`!P:C)=8O)-:;6&/`$`!Q9>83Z9S/8 M-(,=S7B,(S$$R;1QI(8@?3R.53K5:&9D,H<,'LFX,,ECD=R(Y`Z"=+326TS6 M\Y(G`(#',C,C,W/(9".9%I/T9"#RDH'`!AZ6$?+T:Z,''=G#/A0V5C";Z->& M!CI2@^'XW9_?_;\S%1LOQS8YT!$=/'[;=*#^;''FEU%DPX,M^TB1\U9+.#'-FYFVP'&JQ:Y#E9FS'D^&AAGYG9C*&) MGRUDPX-O.T9TQ0R0F>9"M' MN2$W%R7="W6:J1[;+6I[(=CIMN,VV_[E7U!+`P04````"`#B>G1'P5^(;:(D M``#UJ```%````'AL+W-H87)E9%-T&UL[3W;JOY-I+._%& M1O#-;9RLO0Q^398OTTTBO46ZDC);AR][W>[HY=H+HJ]$'@5_S>59G$?9'[[J M#T9???=M&GSW;?;=>>SG:QEEPHL6XB+*@NQ!3")>,X@C<232E9?(]-N7V7?? MOL0Y/.]4O(NC;)7"G(5<;'\[DYN.Z'<=T>NZP^TO+^.[CG!/[5\^!L]?QO,T M2SP_^\_MF6KPM5P&.`*6N/36TMA\?";>O)V^&K\5-Q=GWU].WT[?3"YFCIA< MGG4:ECP#>!(O!#@6\J/X03YLCQL#Q`N"^G7H+;>_O?7"U(#C+$\2FA"D/BS] ML_021*4X]S)C[-&1VSOJNXVHNGG8&'/<[M&?&B=KM_>YWK22J MPOX:/C289'NDVMFL*"7QM?>^G*X#7? M1RE.12)]&=QY\]"@WR2Z@T7C)##%]BJ1&R\`TG\$Y9$:WZ.F^3K=>+[\PU>@ M2E*9W,FOOA/FF6XE`+X0\2W\@$CWXS0S-KN),R"Z7SNC"1"HL00(@_(N_YH' M&V081T0R,W?=Q&E@?,R[V%?7^'T;>/,@##+`B('D`J$;[\&&S>WO@=2)#(D? M-AY`;AF?Y/"EM*,88$JS>`TLN^#S&`-F*^!DDP=:]TZ*L,1?.Y%;!I+(K>)P(9/T M]P#";>";Q%3BF;)X[G<[W:Z+\(D[+\SE-\(==IUNE_XIPR2\/(.3!;_*Q3>B M-W2.1ST')(WX"7[MT017#P[2%&F#7\;-0C]>@%2#M8&#H;0%O$8>@EIA#49AB4W&DXTW*GH2VTKB%NEL%_4`&E*$]3T$SD=>RH MZOL[^T2&(9A$/NB$W6`<1.5RD*)J4WB5HJ!!WOTWBM8@+ MQ!I@`&$C0.]VJ$!BW6<09"Q#P8E)5%NA&P2@4J4@#HUP$`:^,_BX"W` M?BA@&5*=\B-B"I9>(:U:].:2)N/!#=@0(QK^W08(P!HS-+#@*R\-_*=-.0_" M/#/Y\B<9+%?(_!Z8%6\I+3+3M-]N4QOV;1$\]'O`E8[O=Q2\L_'L>_'Z[?2G MF7A]/7TGIE<7U^.;R>4;,3Z[F?PXN0$/WV`AS9*F\O\%+#3#DL7H9L61'Z"Q MU3P,G^+//D*9IP`]$#DNY`=D-KAKMH#@*JV1T;PJ5[:97@N(R(T[,N-XC6[Q MK[P;_O^6FT!"O-#^W&T0@<:W:$GPO0`102O09RLO6J)>KF&#_#+:I<4WT!ZK MX4Q=?@J>M]EAPQ=B">(]\8@DVQR1-_Y:42\74;?$06MSN8M5E!!%R_ M),_,/OR\P>4KC@G*^2X`XR'F#^)`G?D0_MV!AGK:H5]/+L>79X\<&KQO7\J% M4LMIW4,T!GL/A80^-K1MW<<]SY:==IA,LXOW"6P=%8!NCAD1M1NLW$ MJK>R$2B6H)WB'RM5"Q%KH>7EQ0WF(ZXOQK,+^$$@;:WT'M^(5Q=O)I>72.?I M:P%Z;S(];QIZ<7G>/&CV_NKJ[<6[B\N;\5MQ/IF=O9W.WE]?X(2"M0"6U]/K M=Z!:IY>-=A2EH<&]R;R/,K4.:-G]&%A!C26 MZ,UT&5C`P:BA`MUF*"0N\5MCD%Q2'-F*%\M629PO5\1\Y&,#5V$PUQ2O!U7L MPNR=)K^52^#OIV]*2%3G!/C!W&%@WASI%L!YBP6/5X@!7R38F$'3K!:+W0?9 MRJI$K,,,G%HE[U6>!I%,69AG^7KM)0]XVEFPC`*(GS`[J.)Z7.,*_!#?(H>? MN$R+\_[J_6QR>3&;B3'(XNS]NW?CZY^1R6>3-Y>3UY.S\>4-,YL,J-]%=1',;+`+,*(+0=(??_L?L$:(#P'>6K+$4R^3^#Y;.2+3DQ^`3'!HL`R8"3SQ.4Y=E#"KYC M'5X"-%MY&4$+\S:;,`!?&(@'7`4!8N!#&.,1/"#`B]Q7FI_8L0N(_]!K&-2+'"F+(G#ZDH:5C\) M*#)'7R>(%N"))H$*M2)/Y210"D`O"0\/Y2LR+L"(@>2!!2M@'B;R8-9?\`(I6O2L62:`6D`=@\"/&30&8D M#R`7'\#;<3#X"'-R^Y-X#F?UX;.UYZ]`B@"X.,1?Y0+/YY!ZR"B>].,DR9=( M8`C8Y3H`]"!!P*%"@"#2*TZL,*)XAWU!CC<0C#]Z_H<4U%80AG!TB!\28!M: MXPHS:G^$\P0`P:6\%S_'R8>.F&0"RR,9_".>CA%%E+:H3D9^#27N@Z"LO5_@ M*SXW(EN"PQ=)\@(`>B]$R4'G;ST/`=%_S3VT,K!DNI%^1H0@+*\XT:F\%%Q( M@R5`4L@T=2CH(B?H"G.Q`"=QSPU`X?E*BA#7N0Z16!,'Z[K0*%U)2:AJE%41 M/P0)?SWP0?003I!?@![/"_*D,NHD4RL(]<1Q`)%X#<,$UD-HV!ALMP^VV^TB#J[E$K-WN,;LZ,\=TN8),K`Z M/NBR&&VDXFQ`?!CB/-ZG#@`E8\'G`%N9L*^G#D$'T%QD)P?S1)R',$\*+.(A M:H",O^01G:0\GJ9UXSH,!R9())P>=0WP=XGK@II_3PO4_"`.%*V+3QCS$/=6 M,#N3?IZ4BHK68ULQ^&ZI@I7IA0$XI$(F\1=G!SP#U0=0A M26U>=WM-S-(@J^F3!*1I%Z3A[Z3F.KT>D';.^3;:$A>\S<'"2M0YX+>!OL:/ M%/RW.>#V`0P8:$YFCY@_MS'1_2KP5V1K(9S-`I+81"O M5OXD,+D8V*,L/0H,5N[*^25/EJB-UT&6(0-=E=H$\%&J.:T7'U=\6I`SI45S MNS8,"`_HB!R1(U)Q/1P<"ZHB#)F$2A.7JQ%+)5Z4>DH)(65E&*P!'G70&N0= M\9XS#1CDKTD%XEE8P5IXMW8:7`KU$%H9$E2+EK6K8Z6ITHH,(ENLO0^R`@DE M><$%7V^40D5'Q8.XU\\4/RKR>>L"E_:DC_!X!A)'V:JM@\2QG8N,R(#S8"0)$=M"41#F MY6A+D'>RM%.#`%UF5!>(A`3].JIK/5#"D+-P:>ZOZEPY!RZ4Z-0%Y&RJZ7'* M41O.3BNA#9X:/\?3P=[W<<475,LJS0.>:!)_)/0!U+WA"RZ_=5]H.E>-3D%" MK9PB=`_77#HA0P&&!OAV/0<"Z4LD3]E_,.#]W?X7VW]`MLM3=4%R#8!EFL#I MN0S`P+4"X)DE?,T0R`_FX14VW8+S1#EIG[Q(AKQ:=;).+@G/Q`T%5U+6O M2R@.QM>'ZMOK/5?L"WSW\&D#JC[JP#WW= MA?][L;*P@'I\ZH M"[_W&1+7&<*WO0&!V7-/G?[)0`R/Z-V,ZL7:.N8DU6XI1]44F;FD$A1=^PN=*62J1K@M'OO1`' M*)7?8X3X0XPA"\CJJ\3[-8"(#,1F`OZ&YP@4''0@TT,6))AR``/?R8\0G%4' MNL7`.FLZ-K[/J+RMS\@QG+HX`,#IE'NJ?6Q4K!2$D^\,"K4(EU"YZI">E2+5 M96A+4&M%M,^JWO?R%$/(T'M0Y@R]OY0R>'H>!6[*\;FG6WGU%P5+?XIE]I)IUFT!&4H^!H* M1=NJ:J**./.,/`T/XP>(@VF&MFKD093@SB5C15&)DNS*8-)G8))@3':/SA=Y M[)PMU_:0+`O'6363#>L7'BD`$>K"$WP-X-[JC,4'=>$.(Z-2+`-+P>$5&YAC:0.D0!X^Q+=E[NRS`+$:M-2,1N M"WK-G"V-6>;03?#*A+$XP.37QR#C)0\U.8ML)RZPCBD;>@=6%#RK.$]5BJ0P M.<56Y;H81@-R$[#]<,"*N!>$4&M0W0.W(I>(=Z^P'_E7'?$C8(213UDFO/Z9 M7N6(M0=J(OB5'6/%&O$<"_/3*/C+%U;P5\'^`& M%&[4:%(>A9@CI+T9RA4(K`<:@..W,L!(MSBW*FA.E=RWX*S']^G7XBVM['ZM M85:A3KG56H+'M^"\FT/05_:`QTM^=*#6.XL1DZ9GJZ+5@ M"V8V9@&*!&B:BM)3E4,LJC]6&!W#7L51^%`96T6]XD*^2897!!*T[8#P"J?& M9KZE3>>CFJPD-^:8^W,JBI4%!BV_TCB5K4KA\4A>&IR,- M'Y/9TL*D.5K3<>\"1E.UA^M$G#&WU-?`KQJ>GCBGO5[YT]Y/8!N1C.6$%)VS MT3'^V\-QIXY[<@J?':E_ZA,%KG&.+PAM[_38Z<'YR[WU)W8.H\HNUQB*^A"9 M]_(V1$FH:H8T^,\6S+B-N\9S"2PFK6LR9%%;7^] M]ZH,14Q$%^C8J]A=3%WLBF$JCX:(SHU(Q0`C?3` MH]O.G7#YHV3D;/?CH@HO]&(S[6R^<+U*429-MW4\;J&,69&=(@>''(@2J*J? M2H`OE"3@Y%>AYW\XFOFKF'**M`R98!RPCB%J^'IOG(EQMO>.<54=%;.8$XPA^]BO12S7)%&#A8LW9;@S-(GG?,KMP.X"TDF,H9FHO MHQP7K`9'H."N,?FWB"4GIU2^BF=318,C'(",&0IAL0%0IH[5]0'>'ZN>_)TG M,"JBVJJ"""A9!ZHH$0"^K5E\X[W0FY@?H``L2=3Z94,3C75NTMRI>;5 MH?[)Z?Z(OLO)X<7^Z:@'FM^E@R#+>Q`D)A\(*WSO7U^[I]$]9P`VI]=S&[VM MCICZ^Q8N]FNQ6+1I:@!\KU`XHU8\:H?X[UD M;9'0EH7`L>3\V%BTHB/FLE)05(79*CWGTD:MII-5N"#SF&8R(:I"E+FA8$@Y MDLS7Q$]H/^88VE"PA` M%'6AGBI98!GO2'6STSLW4JY]O+$.,\3V>ZG& M2,D:6=7USLK#K".M%<:>*N9C)B1(U"LR>[&(Z+#O]@;TX(EG1;7K]3J(1+TT M&CANGY78_LG`.>YVF?WP0H"@O.C\%RK;8:DGRKVP]$=@^J`S?%$?CY=!T$@J MUWS^4+W]H%,(7#G%/<_HEA3?QDK+VUCT,=XF<.C:&#_#Y)KJ_,%0&&<0RMZ* MBX\0NI#S-J4K.0FO=#'5ZR`ZE[F'422Z56SC;V'0B\Q'::UT`L;M=<$%?4AK1<;FG``B9/_8&9R*I2(!M]9SL'M"6,W1(%GX)G<8^:8+_7=T8C?L^W M[XX<]WBT504S)-6X(O[YLEL7NBB.C@I2S-6U0!)L*D_\&%#Y6+R1$1@@O!.( M.AM845V&5!?(Z+$,O^MS5)5`6:]]@&$(#$-G!N:%G[?/7#4K7IAJ-X$XKX0$ MK\&LL2*]YA/JH@R"4MNPI]Y4,AL\JBLHA8M!(IWSH/_BD"&R::8*/Q`7$-/I M_;R&?(YF;76Q!JP$!ZS[Z@%HB^>U';ZLO44U.U_P*2;6L:"'V$JWT#$Z6J%3H,) M`G;A41D5Q5/E3%8*:Q[LL\BE76\5-*$PFK4HJ6RJ>.M#TAL1BY^XV9R3#)_W14-F9 M)LU:82X(2>BB3)50+4R*.,Z7X-2K==BM0$+*Q2.7U15J\<"_RB0N<:3\K9K0 MVA3/\+$#4;FC5"9,6(W1IM/2A:+ZFWTQWLX7J]=`#^I*U];PIUR5(7ZB0'HN MP_B^EM#5\NP6JDY_C0'3! M.6%QN/<3D`K!N34?+:K+[I;WCZ(WD;`-!;%NA,&8AL5`//@K&JGP2/NRH7WD7S9@J*ICW,06XE#1] MFHI^823O.=Y0U\$IQD=N.5>\]U`W%J.Z254LA]1L'/*TCSEDLN+":!)2? MJ/``7[.(MO!MJ]S<2G(NBA,5^*\^QBI4'CURN`W,S'N9)>XTE$ILFZLDO+EW M43JKW$@Q1`M)W"?$T74C6'K_=.CT>SU%#C]>1A3.4N!43%-HP_-8G&LRH_SX MK))=U2_Z*(-8VO1=WE?S1`IP/%9`Z,G=2=;RU7HZ0U11.F[?IG74%7MB8/TR MY:.Z.X^\J1X%($HH)-5*!)\,17Y"V3^2RUJ$27H:I\,P5]_J5#:V3/XT2""= M3C%,8-<"ZWA19.,8>=5/B&(+*=?J^K5..-)K#\^X`\I5,M,B<``RGIV)P7&W MB1'-XS#DSA;;Y5%)KYT)[6Q??:Z=LB`*RGQ_X)P+:K?DN+T'2H48EW-).BS&0Z M3+;8D:`K?3XL0.KK?XB.X;'C#OH-VJJN]*F21E;;BJO4?)G,57AUY;,VF,`M MH5+FG&UYJJK?"29W8@Z-VC5,<\&]KF$J5-17E#3-VA2)R#?%&W>>7,,S6+G! M,1%+A6CNZ#,O>U.%(C<"MR M+Y4BS0:,*-AC9<+4$4<=HW?AA;65`7_:UEWT3^\G-S];R_$#<23XZ\?=-,6` MRH=J<)QV<)9TK%(0RD@9-.EYW6NMQB4GSO&P^W2G8P;6#I\3BC[K!$J-V2OO MD@A/#!"S>M"Y`&^92+X\8ZN*@1HHBM+;;07>=V8=L42K$M%G2[I4B!5>=!4; M@D]^%*7WM%*GKWQC9%0(&^E.4D.0R5MT MH-V.YEXJ%];^4=OVTW:J5O/7Q'-59^"V4-NV!)BI\JMV8@2KF8WLN$AS192^ MJ;QOV7UD6Y^\B[?CFXMS<36^!LF\N1Y?SK!OS/32WDUC"%+)%I4CB[1C<20E\[/LY+.@_<-<7A]_B9$%*S1>`#?"V;[$!S7[)81.C-8T!X MO7'(*MAL=&&$1;*(U6IBR_I6MR(N=,P646"'2C/.>IGK]-CI]DY;"JC;H=B[ MI%-P!38YR`LW4:,??T9O#M.QJJNQ6.$%U@:KL@'WD6JAE69;``SSA-$&*I^G M@$E$XP5>FS#;*FX/:#$*L_>O9N"K75S>B(L?X7_MMF`$ML`8B7C1MR&*J.>1 MYDEXV*T&*FAUU6-MLH@W45.&P)4NH@0;(NBVJ'@3S!?%+53H3[E&S'T M&?ZZU3.#7DI2GGO+X%?;].HVRSHG[I!K.<-7Y5BH^DDG8&F3:@:^<776O9'4 MB[S26=S=IC/?ZW%)6B#RJOB(<*E\*4830;?E9F+6T$\"E5"N.YH5!JZ'DF2] M3^G2!3H[O#J6$TK(J]6$[I`P1\C7#PF+:S*6&0,.F(HS317UZ42Z]491'=?T ME`N^>JJJLX@P[#G`/0Z5:=4UHU1='%%1AJ6@I^XZDOG2(?>B8#\^<:"N2&GX MU"5-"`@4;U4YM9R6Q?$'%'"NPFN!.:TH%_T9NB1FH$`F>O]DJ&]Y4,6UN%ZD MXQ[S0&6:MEX9[Q5%_:+U1;6?Q#ZX,N55&_K9T$"?V@;N0/]D-*RU-G;::=!S M]Z?G[D_/W9^>NS_]*W1_>F+S)[,W:F,OJ"<,_2=N&[5]RNTN4H]]_]QEJFGI M_XLN4Y9^^):F4[N->FY-]=R:ZKDUU7-KJN?65,^MJ:@UU;;9:.A4M=.SN."-^?;)/#77VH[7D69\\T'(\OHUV[ M)IIHEZ_]^W[C]Y]-IYYI\N2F4S@G#11L\^E:ZI*?Z-@9EYP^Q[]K!^\3_+P6 MW)C.WA>G7Q_E;%QQ@@NM@$'`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`()%Q*-K>Q%:+-$15 MN>Y.WJ@->C9S-%(1GA&L5&0,O2&U>J/$/Z%%^>\_HT&YB6D9V##]FO].0@MQ MZW_;I$79^^2E-"@.U6AL!T^:W)UN@W-6=7<:]VAR^<]JC9]*M:A[HACF]9'N M4RW*B^$W5BUS3$5>V,[J"I>FVG6C/2VI9O0>6VV@VKSS#9V-^I:]Z`I M'QP:\ESO<5/O6M,TB:*(ITTQ&ZKLP*YD,'5+!^N73;R\O=UNC%MI8/+H@DVR M>E7OOX+.5:/%O?C7ZK#2[N0]5KXN@X)=>:B6[ZBLSN_16W,G3UJI+872MM*L MVBEFC)A4;Y7;4CHFR>W*;=S2#Z9-T5T]:?1G'<^*S-\$D9ATU'_G1'2'4%[L4` M```K`@``"P``````````````@`'(`0``7W)E;',O+G)E;'-02P$"%`,4```` M"`#B>G1'>Q>T)50!``!8$```&@``````````````@`&V`@``>&PO7W)E;',O M=V]R:V)O;VLN>&UL+G)E;'-02P$"%`,4````"`#B>G1'8-X;!3("``#2!P`` M$```````````````@`%"!```9&]C4')O<',O87!P+GAM;%!+`0(4`Q0````( M`.)Z=$>[O97)PC$`8``)PG```3```````````` M``"``0\(``!X;"]T:&5M92]T:&5M93$N>&UL4$L!`A0#%`````@`XGIT1TJ. ME4!'`@``X`D```T``````````````(`!4`X``'AL+W-T>6QEG1'B>8EIN$"```9"0``#P``````````````@`'"$```>&PO M=V]R:V)O;VLN>&UL4$L!`A0#%`````@`XGIT1\=\'!T\`@``BP<``!@````` M`````````(`!T!,``'AL+W=OG1'G_)V;-T!``!H!0`` M&```````````````@`$S&@``>&PO=V]R:W-H965T&UL4$L! M`A0#%`````@`XGIT1\3=!/P4!```*1(``!@``````````````(`!1AP``'AL M+W=OG1'/G'ULZ,!``"Q`P``&```````````````@`$2 M)@``>&PO=V]R:W-H965T&UL4$L!`A0#%`````@`XGIT1_=E M>1>A`0``L0,``!@``````````````(`!ZR<``'AL+W=OG1'+P$Q=J$!``"Q`P``&```````````````@`&;*P``>&PO=V]R:W-H965T M&UL4$L!`A0#%`````@`XGIT1S:1M'NB`0``L0,``!D````` M`````````(`!G1'(.]:&PO=V]R M:W-H965T!J.PAY0$``*H% M```9``````````````"``20Q``!X;"]W;W)K&UL M4$L!`A0#%`````@`XGIT1YYZ6*/*`0``X`0``!D``````````````(`!0#,` M`'AL+W=OG1'/XX$ M,:,!``"Q`P``&0``````````````@`%!-0``>&PO=V]R:W-H965TK.0,``.T.```9```````````` M``"``1LW``!X;"]W;W)K&UL4$L!`A0#%`````@` MXGIT1R&([UQF`@``20H``!D``````````````(`!BSH``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`XGIT1Y?I-*%=`P`` MF1$``!D``````````````(`!]T$``'AL+W=OG1'O,-*.1<"``#C!0``&0``````````````@`&+ M10``>&PO=V]R:W-H965T& MD]H_M`(``,@)```9``````````````"``=E'``!X;"]W;W)K&UL4$L!`A0#%`````@`XGIT1Q5+H$YN!@``N"8``!D````````` M`````(`!Q$H``'AL+W=OG1'_H*LAGH"``!8"0``&0``````````````@`%I40``>&PO=V]R:W-H M965T&UL4$L! M`A0#%`````@`XGIT1P&?0L*Y`@```@P``!D``````````````(`!HE8``'AL M+W=OG1'P5^(;:(D M``#UJ```%```````````````@`&260``>&PO XML 13 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 14 R25.htm IDEA: XBRL DOCUMENT v3.3.0.814
Subsequent Events (Details) - USD ($)
Oct. 14, 2015
Oct. 06, 2015
Sep. 30, 2015
Dec. 31, 2014
Subsequent Event (Textual)        
Common stock, par value     $ 0.001 $ 0.001
Subsequent Event [Member]        
Subsequent Event (Textual)        
Common stock, par value   $ 0.001    
Public offering, description   Each Unit consisting of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock and one Series B warrant to purchase one share of common stock.    
Repayments of convertible notes $ 85,000      
Interest expenses 12,000      
Subsequent Event [Member] | Convertible Notes One [Member]        
Subsequent Event (Textual)        
Repayments of convertible notes 46,500      
Subsequent Event [Member] | Convertible Notes Two [Member]        
Subsequent Event (Textual)        
Repayments of convertible notes $ 26,500      
Subsequent Event [Member] | Subscription Arrangement [Member]        
Subsequent Event (Textual)        
Sale of common stock, shares   9,500,000    
Aggregate purchase price of common stock   $ 475,000    
Purchase price of common stock   $ 0.05    
Subsequent Event [Member] | Subscription Arrangement [Member] | Convertible Notes [Member]        
Subsequent Event (Textual)        
Aggregate purchase price of common stock   $ 225,000    
Subsequent Event [Member] | Subscription Arrangement [Member] | Investor [Member]        
Subsequent Event (Textual)        
Aggregate purchase price of common stock   $ 250,000    
XML 15 R9.htm IDEA: XBRL DOCUMENT v3.3.0.814
Equity
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
EQUITY

NOTE 4 - EQUITY

 

On January 13, 2015, the Company issued 25,000 shares of common stock in connection with the modification of two existing convertible notes. The fair value of the shares amounting to $8,750 was recognized as a loss on debt extinguishment. See Note 3.

 

On April 30, 2015, the Company entered into a consulting agreement with a third party for business development and U.S. government grant assistance.  In connection with such agreement, the Company issued 300,000 restricted shares of common stock as consideration for such services. The fair value of the shares amounting to $90,000 was recognized as stock-based compensation expense.

 

On May 5, 2015 the Company issued 57,143 shares of common stock in connection with the conversion of $10,000 principal amount of a convertible note.

 

On August 6th, 2015, the Company issued 129,870 shares of common stock in connection with the conversion of $10,000 in principal amount of a convertible note.
XML 16 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Debt
 9 Months Ended
Sep. 30, 2015
Debt [Abstract]  
DEBT

NOTE 3 - DEBT

 

Short-term debt

As of September 30, 2015 and December 31, 2014, the Company had a term loan with a third party financial institution for $124,000 with an outstanding balance of $64,131 and $84,700. The note is subject to annual interest of 4.5%. The note is collateralized by all of the assets of NAC and Conic Systems Inc. (“Conic”), an entity owned by the Company’s Chief Executive Officer (“CEO”), and a guarantee issued by the Company’s CEO. $20,659 was repaid on this note during the nine months ended September 30, 2015.

 

On May 1, 2015, the Company issued a revolving $30,000 note for inventory financing. The note is subject to a 15% annual interest rate and has a term of 120 days. The balance as of September 30, 2015 was $7,488 which was fully paid in October 2015. Aggregate borrowings and repayments under this revolving note during the nine months ended September 30, 2015 were $23,664 and $16,176, respectively.

 

Short-term debt - related parties

As of September 30, 2015 and December 31, 2014, the Company had an outstanding non-interest bearing loan from Vincent Genovese, its CEO and majority shareholder, amounting to $14,500 and $20,500, respectively. The Company also obtained a loan from a family member of the CEO amounting to $200,000 which is subject to annual interest of three percent (3%). The outstanding balance under this note was $200,000 as of December 31, 2014 and has been reduced to $150,000 as of September 30, 2015. The Company has made principal payments on both loans amounting to $56,000. Both loans have no stated maturity date.

 

On January 20, 2014, the Company obtained a non-interest bearing loan from the CEO amounting to $115,000. The loan matured on May 30, 2014 and is currently past due. On May 1, 2015, the note was assumed by Conic.

 

In January and April 2014, the Company obtained non-interest bearing loans from a director each amounting to $10,000. The loans have a term of six (6) months and the outstanding balance on these loans as of September 30, 2015 amounted to $20,000 and are currently past due.

 

In April 2014, the Company issued a note to a director amounting to $25,000. The note is subject to annual interest of 12.5% and a minimum interest of $1,562. The note shall be paid at the earlier of the Company’s receipt of $50,000 in debt or equity funding or 365 days. As of September 30, 2015, the note remains outstanding and is currently past due.

 

In August 2015, Conic loaned NAC Global Technologies, Inc. $25,000 at zero interest with a maturity date of December 31, 2015. As of September 30, 2015, the full principal amount of the note remains outstanding.

 

Convertible notes

 

A summary of the activity in convertible notes for the nine months ended September 30, 2015 is shown below:

 

Balance at January 1, 2015   $ 453,579  
Issuance of convertible note     100,000  
Accrued interest added to debt principal     63,123  
Debt discount resulting from derivative liability     (270,116 )
Write off of debt discount due to debt extinguishment     26,811  
Debt converted to common stock     (20,000 )
Amortization of debt discounts     352,212  
    $ 705,609  

 

On January 8, 2015, the Company issued a 3% original issue discount convertible note to an accredited investor in the amount of $100,000 with a term of one (1) year and a conversion price equal to the lower of $0.50 or 80% of the share price that will be used by the Company in its next share issuance. In connection with the issuance of the note, the Company also issued warrants to purchase 21,800 shares of common stock at an exercise price of $0.63 per share and a term of two (2) years. The note is subject to annual interest of 12% and the Company was required to prepay six (6) months of interest amounting to $6,000 which is included in the principal amount. Due to the variable conversion rate on the note, the embedded conversion feature and the warrants issued with the note qualified for derivative accounting. The fair value of the embedded conversion option and the warrants including the original issue discount of $3,000 totaled $95,322 was recognized as a discount to the note. The Company also paid deferring financing fees of $9,000. The debt discount and deferred financing fees were amortized over the term of the note.

 

On January 13, 2015, the Company amended two of its existing 12% notes totaling $100,000 to increase the interest rate from 12% to 15% and 25,000 additional shares of common stock were issued in connection with the modification. The modification was deemed substantial and was accounted for as a debt extinguishment under ASC 470. The fair value of the additional shares issued, including the unamortized debt discount and deferred financing fees, at the date of modification totaling to $34,878 was recognized as a loss on debt extinguishment. These two notes also became convertible during the three months ended March 31, 2015. Due to the variable conversion rate on the notes, the embedded conversion feature qualified for derivative accounting. The fair value of the embedded conversion option of $88,419 was recognized as a debt discount and amortized over the term of the note.

 

During the nine months ended September 30, 2015, three notes issued in 2014 became convertible. Due to the variable conversion rate on the notes, the embedded conversion feature qualified for derivative accounting. The fair value of the embedded conversion option of $89,375 was recognized as a discount to the notes and were amortized over the term of the notes.

 

On May 5, 2015, a portion of a convertible note amounting to $10,000 was converted in exchange for 57,143 shares of common stock. The Company compared the fair value of the shares issued with the carrying value of the note converted which includes the corresponding unamortized debt discount and the derivative liability at the date of conversion and recognized a loss on debt extinguishment upon conversion amounting to $9,047.

 

On August 16, 2015, a portion of a convertible note amounting to $10,000 was converted in exchange for 129,870 shares of common stock. The Company compared the fair value of the shares issued with the carrying value of the note converted which includes the corresponding unamortized debt discount and the derivative liability at the date of conversion and recognized a gain on debt extinguishment upon conversion amounting to $5,261.

 

On September 23, 2015, the Company amended the existing loan with a principal balance of $375,000. As a result of the amendment, unpaid interest of $63,123 was added as debt principal and the maturity date on the note was extended to March 23, 2016.

 
XML 17 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 29,689 $ 8,224
Accounts receivable 107,713 91,480
Inventories $ 34,988 35,168
Prepaid Expenses 10,500
Deferred offering costs $ 57,441 48,725
Total current assets 229,831 194,097
Property and equipment, net $ 978 1,397
Deposit 63,800
Total assets $ 230,809 259,294
Current Liabilities:    
Accounts payable 671,652 390,578
Accounts payable - related party 97,029 144,646
Accrued expenses 154,746 $ 129,145
Customer deposits 32,708
Short term debt 71,619 $ 84,700
Convertible notes, net of debt discounts 705,609 453,579
Short-term debt - related parties 349,500 380,500
Derivative liabilities 599,189 297,215
Total current liabilities 2,682,052 1,880,363
Stockholders' deficit    
Common stock, $0.001 par value; 150,000,000 shares authorized; 25,762,014 and 25,250,001 shares issued and outstanding 25,762 25,250
Additional paid-in capital 742,720 611,105
Accumulated deficit (3,219,725) (2,257,424)
Total stockholders' deficit (2,451,243) (1,621,069)
Total liabilities and stockholders' deficit $ 230,809 $ 259,294
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies
 9 Months Ended
Sep. 30, 2015
Business and Summary of Significant Accounting Policies [Abstract]  
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1 - BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Operations

NAC Global Technologies, Inc. (“NAC Global”) is an emerging growth, technology development and manufacturing company.

 

NAC Global has one (1) wholly owned, consolidated subsidiary NAC Drive System, Inc. (“NAC”) that is a supplier of harmonic gearing products and precision drives. Harmonic gearing technology (HGT) is a precise, high ratio, high efficiency motion control technology that is critical in industrial and national defense applications due to its long life, precision, efficiency, weight-to-power ratio, and size. NAC serves customers globally in a variety of markets, including robotics, machine tools, medical, printing, corrugated, semiconductor and the defense industry. NAC operates out of Jacksonville, Florida and Port Jervis, New York. It maintains an office in Florida and completes the majority of its engineering, sales, assembly, quality inspection, and shipments from its New York facility.

 

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of NAC Global and NAC (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K (the “Form 10-K”) filed with the Securities and Exchange Commission on April 15, 2015 as amended. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2014 as reported in the Form 10-K have been omitted.

 

Principles of consolidation

The consolidated financial statements include the accounts of NAC Global and its wholly-owned subsidiary, NAC. All intercompany accounts and transactions are eliminated in consolidation.

 

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Concentration of risks

The Company maintains its cash primarily in one financial institution. The balance, at times may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk to cash.

 

Two customers accounted for approximately 25% and 20% of the Company’s revenues for the nine months ended September 30, 2015. Two customers accounted for approximately 44% and 13% of the Company’s revenues for the nine months ended September 30, 2014. In addition, these customers accounted for 21% and 41% of the Company’s accounts receivable balance at September 30, 2015 and 2014, respectively.


Nine Months Ended September 30, 2015   Customer   Customer 
Sales		     % of 
Total 
Revenue		     Accounts Receivable (AR)     % of AR  
    1   $ 146,099       25 %   $ 22,356       21 %
    2   $ 114,360       20 %   $ 0       0 %
        $ 360,459       45 %   $ 22,356       21 %

 

Nine Months Ended September 30, 2014   Customer   Customer 
Sales		     % of 
Total 
Revenue		     Accounts 
Receivable 
(AR)		     % of AR  
    1   $ 169,776       44 %   $ 15,228       17 %
    2   $ 49,608       13 %   $ 21,528       24 %
        $ 219,384       57 %   $ 36,756       41 %

 

The Company sells to both domestic and international customers. For the nine months ended September 30, 2015 and 2014, revenues generated through transactions with international customers amounted to approximately 32% (20% Hong Kong, 5% Brazil, 4% India, 3% others) and 10% (5% Mexico, 4% India, 1% others), respectively, of the Company’s total revenues.

 

NAC currently purchases all of its drive components from one supplier. The loss of this supplier could cause delays and a possible loss of sales which would affect operating results adversely. 

 

Fair value measurements

The carrying amounts reported in the consolidated balance sheets for accounts receivable and payables, inventory and debt are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and, if applicable, the stated rate of interest is equivalent to rates currently available.

 

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows:

 

Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

 

Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

 

Level 3: inputs to the valuation methodology are unobservable and significant to the fair value.

 

The following table presents the derivative financial instruments, the Company’s only financial liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis, and their level within the fair value hierarchy as of September 30, 2015 and December 31, 2014.

 

As of September 30, 2015   Amount     Level 1     Level 2     Level 3  
                         
Embedded conversion derivative liability   $ 598,922                 $ 598,922  
Warrant derivatives   $ 267                       267  
    $ 599,189     $ -     $ -     $ 599,189  

 

As of December 31, 2014   Amount     Level 1     Level 2     Level 3  
                         
Embedded conversion derivative liability   $ 297,215     $ -     $ -     $ 297,215  

 

The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs:

 

Balance at December 31, 2014   $ 297,215  
Fair value of embedded conversion derivative liability at issuance     270,116  
Unrealized derivative loss included in other income (expense)     52,166  
Fair value of derivative liability associated with debt converted     (20,308 )
Balance at September 30, 2015   $ 599,189  

  

The fair value of the derivative liability is calculated at the time of issuance and the Company records a derivative liability for the calculated value. The derivative liability is marked to market at each reporting period and changes in the fair value of the derivative liability are recorded in other income (expense) in the consolidated statements of operations.

 

The following are the assumptions used for derivative instruments valued using the Black-Scholes option pricing model:

 

    At
September 30, 2015		     At
December 31, 2014		  
Market value of stock on measurement date   $ 0.05     $ 0.48 %
Risk-free interest rate     .02-0.06 %     0.04 %
Dividend yield     0 %     0 %
Volatility factor     244%-314 %     151 %
Term     0.27-0.48 years       0.33 years  

 

Recently adopted accounting pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.
XML 19 R22.htm IDEA: XBRL DOCUMENT v3.3.0.814
Debt (Details Textual) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended
Sep. 23, 2015
Aug. 16, 2015
May. 05, 2015
May. 01, 2015
Jan. 13, 2015
Jan. 08, 2015
Jan. 31, 2014
Aug. 31, 2015
Apr. 30, 2014
Jan. 20, 2014
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Short-term Debt [Line Items]                              
Term loan with a third party financial institution                     $ 124,000   $ 124,000    
Interest rate                     4.50%   4.50%    
Short-term debt borrowings                         $ 23,664  
Outstanding balance of debt                     $ 150,000   150,000   $ 200,000
Principal payments on loans                     56,000   56,000    
Interest Payable $ 63,123                            
Debt instrument, convertible embedded conversion feature                         89,375    
Amortization of debt discount                         392,376 $ 149,768  
Loss on debt extinguishment upon conversion         $ 8,750           5,261 (38,664)  
Short term debt outstanding amount $ 375,000                   71,619   71,619   84,700
Maturity date Mar. 23, 2016                            
Convertible Common Stock [Member]                              
Short-term Debt [Line Items]                              
Debt conversion, converted instrument amount   $ 10,000 $ 10,000                        
Debt conversion, debt converted into shares   129,870 57,143                        
Loss on debt extinguishment upon conversion   $ 5,261 $ 9,047                        
Revolving Credit Facility [Member]                              
Short-term Debt [Line Items]                              
Interest rate       15.00%                      
Short-term debt borrowings                         23,664    
Repayments of short-term debt                         16,176    
Description of debt instrument       The note is subject to a 15% annual interest rate and has a term of 120 days.                      
Revolving note issued for inventory financing       $ 30,000                      
Short term debt outstanding amount                     7,488   7,488    
Maturity date       Oct. 30, 2015                      
Convertible Debt [Member]                              
Short-term Debt [Line Items]                              
Interest rate         12.00% 12.00%                  
Outstanding balance of debt           $ 100,000                  
Debt instrument, Peroid           1 year                  
Interest Payable         $ 100,000 $ 6,000                  
Debt instrument, convertible embedded conversion feature         $ 88,419                    
Amortization of debt discount           $ 3,000                  
Convertible debt, Description           Conversion price equal to the lower of $0.50 or 80% of the share price that will be used by the Company in its next share issuance.                  
Deferred finance fees           $ 9,000                  
Warrants issued           21,800                  
Exercise price           $ 0.63                  
Common stock, shares issued         25,000                    
Warrants term           2 years                  
Original issue discount amount           $ 95,322                  
Loss on debt extinguishment upon conversion         $ 34,878                    
Convertible Debt [Member] | Maximum [Member]                              
Short-term Debt [Line Items]                              
Interest rate         15.00%                    
Convertible Debt [Member] | Minimum [Member]                              
Short-term Debt [Line Items]                              
Interest rate         12.00%                    
Chief Executive Officer [Member]                              
Short-term Debt [Line Items]                              
Due to related parties                   $ 115,000 14,500   14,500   $ 20,500
Short term debt outstanding amount                     20,659   20,659    
Maturity date                   May 30, 2014          
Director [Member]                              
Short-term Debt [Line Items]                              
Interest rate                 12.50%            
Due to related parties             $ 10,000   $ 10,000            
Debt instrument, Peroid             6 months   6 months            
Note issued to director                 $ 25,000            
Interest Payable                 $ 1,562            
Description of debt instrument                 The note shall be paid at the earlier of the Company's receipt of $50,000 in debt or equity funding or 365 days.            
Short term debt outstanding amount                     $ 20,000   $ 20,000    
Cheif Executive Officer Family [Member]                              
Short-term Debt [Line Items]                              
Interest rate                     3.00%   3.00%    
Due to related parties                     $ 200,000   $ 200,000    
Conic Systems Inc [Member]                              
Short-term Debt [Line Items]                              
Interest rate               0.00%              
Short-term debt borrowings               $ 25,000              
Short term debt outstanding amount                     $ 25,000   $ 25,000    
Maturity date               Dec. 31, 2015              
XML 20 R24.htm IDEA: XBRL DOCUMENT v3.3.0.814
Related Party Transactions (Details) - Conic Systems Inc [Member] - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
May. 05, 2015
Dec. 31, 2014
Related Party Transactions (Textual)        
Recognized revenues $ 13,445 $ 11,746    
Accounts receivable 0     $ 4,346
Outstanding payable 97,029      
Reimbursed expenses 13,906      
Monthly fee of reimbursement expenses 7,528      
Total fee of reimbursement expenses $ 67,752      
Deposits     $ 63,800  
XML 21 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 22 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Going Concern
 9 Months Ended
Sep. 30, 2015
Going Concern [Abstract]  
GOING CONCERN

NOTE 2 - GOING CONCERN

 

The accompanying financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the financial statements, during the nine months ended September 30, 2015, the Company incurred net losses of $962,301 and has a working capital deficit of $2,452,221 as of September 30, 2015. If the Company is unable to generate profits and is unable to continue to obtain financing for its working capital requirements, it may have to curtail its business sharply or cease business altogether. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

The consolidated financial statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

The Company is taking certain steps to provide the necessary capital to continue its operations. These steps include, but are not limited to: (1) focus on sales to minimize the need for capital at this stage; (2) raise additional equity or debt financing; and (3) continue to focus on reductions in cost where possible.
XML 23 R3.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
Sep. 30, 2015
Dec. 31, 2014
Balance Sheets [Abstract]    
Common stock, par value in dollars $ 0.001 $ 0.001
Common stock, shares authorized 150,000,000 150,000,000
Common stock, shares issued 25,762,014 25,250,001
Common stock, shares outstanding 25,762,014 25,250,001
XML 24 R17.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies (Details 2)
 9 Months Ended
Sep. 30, 2015
USD ($)
Business and Summary of Significant Accounting Policies [Abstract]  
Balance at December 31, 2014 $ 297,215
Fair value of embedded conversion derivative liability at issuance 270,116
Unrealized derivative loss included in other income (expense) 52,166
Fair value of derivative liability associated with debt converted (20,308)
Balance at September 30, 2015 $ 599,189
XML 25 R1.htm IDEA: XBRL DOCUMENT v3.3.0.814
Document and Entity Information - shares
 9 Months Ended
Sep. 30, 2015
Nov. 19, 2015
Document and Entity Information [Abstract]    
Entity Registrant Name NAC GLOBAL TECHNOLOGIES, INC.  
Entity Central Index Key 0000006732  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Type 10-Q  
Document Period End Date Sep. 30, 2015  
Document Fiscal Year Focus 2015  
Document Fiscal Period Focus Q3  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   35,262,014
XML 26 R18.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies (Details 3) - At issuance [Member] - $ / shares
 9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]    
Market value of stock on measurement date $ 0.05 $ 0.48
Risk-free interest rate   0.04%
Dividend yield 0.00% 0.00%
Volatility factor   151.00%
Term   3 months 29 days
Maximum [Member]    
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]    
Risk-free interest rate 0.06%  
Volatility factor 314.00%  
Term 5 months 23 days  
Minimum [Member]    
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]    
Risk-free interest rate 0.02%  
Volatility factor 244.00%  
Term 3 months 7 days  
ZIP 27 0001213900-15-008945-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001213900-15-008945-xbrl.zip M4$L#!!0````(`,MZ=$=?CF;N3UX``%7R!``1`!P`;F%C9RTR,#$U,#DS,"YX M;6Q55`D``_V`3U;]@$]6=7@+``$$)0X```0Y`0``[%WY;^,XEOZ]@?X?-!F@ M9Q=HQZ)N)54U<)RCW)W$F3@UTXW=1:#(M,TI67)+8/_V)>6+LBG;LBCY M4J%0E9"B^+W'CX_7X].GO[_W'>$5^@'RW,\GX%0\$:!K>VWD=C^??'NZKA@G MPM^__/C#I[]4*L(-=*%OA;`M#`/\@'#U9^6WB\?;27E!/Y5/Q5--^"\`JI*( M_P)5$+4S63P#0*C=_8]0J4Q>=6$%^#6X3/0"Z12,\G#N^XOOH#/RKX"QN<&9 M:]D82R\,!V?5ZMO;VRE)<+P7RPFAW7,]Q^LB&)S:7C^J431E\>3''\:%'>1^ MCQ4F+S[U_"Y^5I2K)/L%0SD1A&D1\D0;30O1!;3J*#/V^$(5;W+T/#!-LQKE MQAX/$.MA_')0_>WNMF7W8-^J(#<(+=?&N&*PT!)19D5F95#@*1+0EY4:/4$7 M267'N:2PLEBX#1&[',Y(*`+?[1Z[ M#,F)Z+I8"+FO,`C9Q49Y"=*Y%K(#=KDHBQ0#B\4"9+,+X8RD(N'`3RB#RBTH!T2`SPVL",3:H\S4?OS MR?C!YUKPW.P\R^#Y$MK/A$5/HO@\^OO49*:?S%X(W1"%'[/?49ND=!#TA4@? MY MDY19^6I,)^LH21*??[%H?V,$2OL-GI(!OZ=[#_`OUB=#U*"V"W#]VI)MJXRO>!@VP4CK`( M;83S1]."<0<]6U_*DR^3,DO$_51EUDPU%P5R$X9$%ED2^3.D/@Q"K_\L@I(B M^T<13`$_O,18*)*(E!FA\Z>J;L\5H%DUR^5A=^0$4C'34Y#J$OEXE/`.F$=Q M"8NQ+GF,/V/K(I5$V%DBL&R(E-:&T-SA;$/$Y]K`9U"'E5Y29ZLV1*G(N/QJ;H1^, M6#;^K>G"_6#8*NEG8VB2&I:P:VT4BYJ<\'E>GR67"^?RTYM7/FJ8E<583IV4Y$.OT%;I#>.-Y[>`>CC7XW`HQ9**Y&^AU?6O00[;E1(6: M80_Z]=&!]*'Q+%DA/`QBHD['=G%1LR6_N?%[1NWCFJTR=5!.5?>=Q<=+T)(R M.0WLC?O#)%6A`_G84^^L<5]2N-BQ^P!7Y]L;N\NE^18-\=UOATGAK1CBN]^. MBL)33XE%LN[#B=R\&X&9BQM!>B65AR/[L*&GHKG>RDJCI/+*S:Y M@$=!B7(,SG,,WH=FG_[X%:O>\NW>QRU\A:,=QVE>PQT,PR#*`'M'@R42SL:( M):*6S%B/&=+Q,$,JF9&&&?+Q,$,^0F;<>FXWA'[_$KZ$3Q\#.)E!OI+P'R\. M).G[P0"6)-0Z@B72OK>T:$RV;-182S/36SW/#Y\.HJF9HFR[K:/`/J+!OZT7 M8GB4C;V-QI[;E%/3;LHM\(/OIAR0V?1@II?T*,`6`#DONY^JK1\MMSMJWSOK M'?6'_8FSRN%P8"KBK-UCLG+Q2REYMC;/D'L\/*-E+7G&>6[#(MI.G2AQF130 MBN4U*=A`L8?44W>E%^T!/\;A=>+\F(7=V9N.ERXFC9I73)KQRAS@V=8'8['& M2J_[L(W":\M&#AJ?X3W"5\]Y16XWGK.8&J,)[TAX!KL[ ME=+.S[(-DI+(/<:9PM@]J@GU@I9=G_SMQ]C^BA)J?\3`3C`>#$SL_%DMF MVKZF\N]K&RAV=H>G[EA!T.RT0L_^/C\1KGO]ON=&6?O1Q1*E8LZ)%\0KS$+O M$&O(U'C89;!&6TS?\>YHI)T:XP):;HH%"ENQ@*'8LCMNKSL:%:"D9`W(@373 M0VTF:9CIY81I5R9,1IYQQY,L=,F)G>($E_$HO]L,DCRYY11G$2M]I\;Y^;YF M5J3\=N@EL*=:6F2?F2H`_H)B\PE>O;#]NF]:31>\6BTFWL/>:S7U:<%N:+4< M;7=HM-U7#FU\T[B,SW`@\1E*+I.F:4F<,GCU_H1:VU[PZF/A M=QF\^I"#5Q\=BX^7H"5ERN#5NSN0%QJ\^E@H7`:O/N3@U7O,XC(D4(%A^?:8 M)V74AY(:20-A>2NAI$D>(TW21?1=)U`.(]#:=6>XV%YR-"-'Z8O=)4=SN11? MOSC),?5%AZO>4(9?(AW;H'3`IXA*6/"C]O[=P`V]G*%&ZKG?VX5'SJ%EW>#PH3_8+^]C/CC9[^;&?K7_LYT"847[LIV1&^;&? M(V1&Z?9U+"U=>G$5&%)X9UH]U?D,1`L'%M=6'SE[PHCT.["K)-YWJHC:<],. MF0$K%]-;PY<@6FF%5Z_XG^EH,)>^'UQ($(8Z@&=)54![`S$62'-?VOOY$G:@ MCZWIV&>AYOO$R:L_7]#VT8!T.BK_2`FS=LVK-1L'D:CB_67O)'JC4IJK;9NK M!0\>TN2I@K[.<81W#.;<.%*:N.,T<27C-V;\`6T?'';GV+==E+)/;MXG4RSY M&[@Y@[UQN"N[Z,9^A_&&/L8>"R1VCP6LGERN+0KC")!2<&2MB=+> M>"YNSQ"SIR<3=UJF,DLB%T[DO?%SW`(//[:N/E\[[TR>,Q(W^7[ M6@!4`/4=LW3;IG^I5(1O+@J%%HPF>H)0J4S2?_RA\7_@OZ__^?`5OL-+5=.- MWQ_A'^A+H_<=OEY]1_[[FWYF*XIBJZIJ/_UO[XMJ?#9^^72N`N/\TSG^Y_H< M7)_?F$"_OOKELX$3KY5/XPI&2(:D:M(T0<_R(2;I.+T_\M#[,B9*E#E!/\F; M_$[>P7CCM];EPNM0X"D2T,]P7OJW/0^BK\MC*-/WMM$K;L$OU,/WPS[T+3P9 MWK#JA?(D\1*Z7A^YK->NJZ#8*ZIQ],LE'PPI@>/5DJR4>IQX5R^\,>9[G?*E MQ)"B-K+\#_9K9_FK7DQH?^5$:ZI8C_C4ANCL*NJ7C["+@A`OC<)[JP^%<5]Z MA)TL'P6YK]6%F]OF1>U6>+JJ?[UOWC9O&E>MGX7&??WT4S6I=@)YEE>'Q+_9 M:;AM^/XK_.`$C39:B75-@-2PYMJ17ZUC=3D!Z%A.`$=UQUX_J;,^Q*MGG(0" MVW)^AY9_-1HF.%5?P6-6108C`$EU3;!<>O9PLG+G5#\>`_\QJIQ^^7R%#Y&- MYROYS(4@7G^LKGD@,]5OYO#IDJV\Y^*W"(QQX>";G=H6ZUQ]8[@?=/V,5SYF)V><=H]$L:`Y#,F5H MDU>Q(&XP71*(08U>,A[8A3:T$08>?#YIW%^??)%52<-%E)A-60*,B##=*+:" M7LUMD_^N_ABB5\O!#1'4PKKE^Q_XV"-LJ8@0%*V*LA4\TI"BZPIB"%)RDXTR!H=>9D< MDJD961ID\0[3/0S'@QQE#18+8>FE:4" MRYJN:L4)S,M(F4`QQ"VT4T:;!$1=!_).XMZF+9(DN4@2;ETKZ]FBW>1W3G9H M0PJ0?&\`_?#CP;'< M$"]?R-)E0#9-"K)W0*85N`P-#]2\U&OJ1GK0EW#@!2@<-441NM5D@S:*L?HW M`I:/$2Q.(9)J2J8RWRO28>'60V71$,VE6,93E`?K@\Q/"K1KLBFJ.F.5&D>2 M#2LO/6HZT%0I`U;*9P[!0DR!W= M@MM`P@M]-0:>#28S8FXK?%71YUBS&O%D73BV]#EK>(FMWP`(MR6,I(N434M` M0H-M]3P_?()^_\+S?>\-N=U"1BE#T>EAFX%B3)** MYVOT6!N'L"D\;AI4=4U:#UZMC6=T>!9K.0\6:C?44LDL-`!#I+1@V ME(QHNVKRS?)9/=FFT/^\-HEG`).^0>3Q%JKDB8#@KM M>;<:%S\I>*F_(DO`C)U=II,B8G_/<]K0#\@Y3Z!)0*3=4!=Q;(Z2 MFVXE1062(J^+DK+'-;>]',HSL8MLI/BY!BWL6#A1[<$:L.PY_GH M3]CF3\F$VPM`'=V*8D_0YF%Q0+\9`_-'3SZ54*#>HTEQ$GEH1!E!)9W"U9UT16=#^$4K/@'^.!0/>\=;'M_8&CH,/:>_>6.82FSB/*IY M;33Q^V,9T8RJJ:7#337:'055;T5+$>[#9B3ZYV\)3J_SI MHZNF$C/CL?K30N/*)4G735GCAHTKLX`!3(T?-JX\4T134J6UL-WX7A`\^%XG M88',E6J*+(H4_:FZTT#B2C$`,"20&1-7:NF2)DN(M;:?>1&T0;(9O/8G[T`H@'3H.\9K8>+DR1<^:F9BBF+6Y*$K\$$ MIJ3H.]$F68=Q0XE-N-)+TAR0""VX3,.UO3Z\Q9TI_TY1D74MMIO#0+$)2*Y\ MKV#E&@9_D%RI7%$TC3ZCSD61F3'B^0D]C*P"&?:@/\K*A8I+#EA759V58!FJ MYDN;F&,#5?7FRLCJ&TT?N"0`NA@&R(5!@!>^+R3Z$PD;:_\Q1$%TL#3V)XGN M/!7-FXS(."]5XJYQZV/+3==<;\%PU3579`U<@P^#L+#))0"*)%/]9@Y`6FQ\ MES.&`F@WVXS8^"YK=(/>&.*JMJP+9E72:8>3)=AN+.0&9/"$0=.]>B<#*NX% M/7*AKMDA\3"+MH*;`KXK*]G0Z%W\5/AGGI>D M&"G5=&=I2??#N3JOA18_5A?=#LL[!ZZ%Y/ZIPA2AK4LP/836H'(3([%DL MR3)/(2;!OU$1MUT`D"5I&7H*#4_867=2`?WUB`RHXX'*B_8TX(`GLR*U6(RE M58C6ZW_C*%@%7-8294-5U^E]8TB\\6>]WJ4H0%NJ_BSXX[&R"C`FLJ&`M0PZ M$V"^LF5V1]8UH.BVH M2^!9A89G<['SV37!Y292UL;134#[^FPF$39IQ!LH>/(BGVD?)GZ3H8!!1J.7 MP>LCRTT>KL[@"\@:;FBY7;)Z7O+M!*X*5A1#6J+@>4"\T>>BSFNO0(L.Y/C' MDA8Q9(>8V44F_NV2%1@3K`99907%&VE34XV5%HV!+3>),C;&7%ML)A!^W(:P M'5S[7C^V8UKTFC8=D-F&,-,=66:E%QDA/%$:7KK/'.`LYLJ[`W#YAC;?1+Y' M.!B;,W*^G'=7F+N^I)K4X)F(A!?'234#WMX(4K(F)_7,>#4?4 MF:/X;`2:;H]MJ#HVC5D&AB/HK#&'^:,>C;` M+D+F=0()Q&0KPQ#/M>SNC&KDB'+T(*6O?ZJNA88G;*XK MMH39[S5R+=*DAB7KLHM?ZV'*3*/N`3W]+;C.!HB*8(5Y[?JLO_R8QZ7._ M9"#>;+>R8=W M4#NOVWO+3W#3(^!B,"/K33O#/,)@Z)`-`C)*+7X@@QUOF^]IK`(,RR4^%5QLX#41=I#O%48P[09'Y57)B;31'F+!U/ MRS":S$W'\FLX0OC4\[UAMT?"+>,,V.R0[Y8593;S@<;!=W=*]#30IA*-?63H M86K[:N8(*NL&]TS!ZX*:2G$+NY:S.]SE`B>KQZ$XT^=J/+&Q:&R98/O)6_(1 MCOPZ_F8(L@[C(MW!&1`HHQYYBTS866NWR4,C&XZP/1@D?`0I+X7QP9/Y>`H0 MGXAU`14.GM>49U,YHY`WHZ\7_`N%O:+V##5Y,CMC`,@(CM\T9*'^N?&UH*TQ M8)!K1.LCXHZ?ZQY9"W5=U$$V\549.1UB)`^>@VP$@R=<^86#4?-!]>4G)SP? M"$'XX<#/)QW\FC,!B(.PZGH^5J_PMQ#U82"X\$W`ZP'+_=O/0I3RLQ#@M4'G M7.A;?A>Y9X(X>#_'D!S//Q/^.OKVRKE`,%5"-4Y+8AJ2PJ MY\`0]\1*,+"(TLESI/)SX-QB$J/-1MMQG(5)!/@)2:;5,FVG/5N;'DE.=G]Y`*!H8@8 M!!@+H8Z:G[PY?M@#MX)Y9#D_QU&P#>&0' M$TWW`Y<7:,_FFKTX.ZXE\=@E;%JP'@U;GLA.G6J>!,A+)\I+0,&QK(7D/-C, MD%$/]4`Y-3#[0O*"L6<:IN8N)'SXK6O>,XEGZ&7O[]3&]J>:3[L;WC.?6R9S M)6<"GW9GF.@GW3&-]N_<=8Q`]SW:VE0!ZV'MK8$?\\ZD?R[?GQ`,)__\[98+ M$/$@DZ6I>3>5Z.00_V83G'S+;'TAS9RHK-=UK.2;0EAUU_1!5[49`1,\AT)$X(M,'$ERYP`,!$Z<@(,67J@ M[@ZGOG,Z=QZ`+`)<_(IG?F=G1&W@YSV&F44]AB?=$>^`50";)MT#-9B_0)+" M3OC*?%@"8.U:`76M<)TQX*K#M9FF3TT;@7,L_),9B!^"9I(I@BQWW>`.&8Z+ M:&8">9`ACDL`^5,682PHLN``.G1"`XA.X",8_]+TKQY8\J9E`>KO8._!,J)W M?')<7_H7X&,"!!]AZ?[/<;^>2>]]@`Z@P):F>`8X2"+\2NIAE.^P(^$[",I, M^PM^XG@CL9D-0H!1"@1`KUFX$S0/T!A;0.B_`XVB-?"!.:/$4T'E*:\8\*0) M[")Z40B6-!$)CWLZ4-JSX]!G1WM,K%'%LZB;Z2SB M!YL36/`<@W=H1"I@\U^!39C$Z(5K(?<]'`ZU28X)".:;_$967XLQ>1 MZ-_2R=*:B'Y)<\2T6(+B-TP/7)Y9AP!PVO`$M,^DVX+W[O\3IRPCDLPQ,0D-=(@]16^ M(59C^#Y@.:P@]FW./XDOG`1@;C-4J%P?E5&\)."?!$#;!6CGH!;R9>/PZUF+ M"X2H/B7#PM=@L]/.-@*N2#.N;)J>;CE>(&;"I]9=X;HE,.%AN(K!!EP<(&X< M-R$SXC4:D]:9F7`$&*VZ=W!]XV#.V%:CV$8M_!2?TB`_8G6B50X;SDH\.M9K M?Z&VX@M5,LA6"4T2ZNA".B474L)I)..]H`]9%C^/A#H:OXW.QT11*!U3S#)G M./2-A>I+O*PJE-$__M!Z>5O1_33V^ZKH_NR1SH:]VF7WS`X$7$QD=H,Y MP>,$T4.$*AE":)S[`1EZW-+1R5PV3*RBX[Y@?^IX"93;L&*3=D)[X!P9F\(# MYXUCZX!V+,!@VQ,M`-_CCX808,@:/5@HYEV, MH^)1`-+;ATUZCK=5R?.+V]B`(K)3^8!CQIEJRC^$2W(J18&WN`>G#?X7XF]_9*0^A MA=_;CBF2SBQ+?!N+0^CO.>XU_G>":&Y(,2HETC4K7(]CQX>=^'/R7B.\5R#" M;SD5"W9L:?K7"$GQ6TA4;E^E?Z.7_221HU+DVJ'8^,#%QF6.^"*V^T866`)# M\?[PJUG9,=G/)[3B^N61D,K%5-?]+3SI MXKIRQ%[Y[@;G#*AI^M<[%WAFA'C^7QT,W5[B\9Z:C1J'NC>0.Z/1 M;E#L@3]5?;V0&&J1GA)IFOF0O"CY^.9@%WRTU!)0BK!6Y6Y_L!L0&R#SXP\U M$&&S-5!(C3+[>*,UL+-()<,O6Z#F2Z>TV-])LM9P1.X*M[HG<(FOM9D315MW M3WH%G0%*3^X..AN1I$EJ5[U,:I(62$N_,D85'5?'PY^&;*)V^QS']JEQ]]1K M.U5C+=5S:-<.03EU-T>E@[--[O6+;)PME,H=T=B2!_1LK\A,*6^9[)\1:RV- MX^)#H:FPE77PBL(A\=^UQ*Q"AUZ;GM2O-F;5QJS:F-7Q MDC.,6>71+0QD9?_>1K?:Z%8;W:HMNC48R<-AF=C&$XAN]8HTFD<;W5+ZLJJ> M[P;$QL@T-+:E#*M>`6ULJXUM-=HMWQO)@T[1]F]]\\U0`4D^=:MBU.,-;?WX MPR%BCHK<+SQ$VUW4G%VD%NEY;8CK48:X5&4D=\\W8GRC0RO](DVUR2&N[D`> M/J(05^_)A;@Z9WW3?NH1KK96;I4G+7WRZ9,L7O\_L^F)4N]%])[VS`U6<(Z6^P?ZKWD=;?P MR`G<^(%],W4G>:,2W9BN7)6+RF-]C,I$N)[5MA;;?(!66C:?)]B2#QO7`J*P M1>>!JT\U;(HA&@UCRPX:IT`-A($T4>-[;-L1#F?@[3:PG0;?>*87SVW@;9)T M+?!P&("E+40K*&QUZ^'8ON@Y:L$ONKP^T%.B/91H4(NS"43O):%<#9SS1LBT/MT(@A;<>DAK*1&JMJ MKDL=]\,^=WPTDBV/61@E3A#85@:;4"-]C8]1 M8N%XA;F+(Y>HC^=#/#H"!4_81LGF'3RQXS].@Z?N_D14AJ,0PI:>"^D$I_A] M,WW^RI>AN)M'\Z/A!3,'-CGH?9KM:W?,"3PQNRIJMQ1]*GXOC@H!X8/^?1`` M"1LV$E3B'7,-'>[P*>H.RK^>.#NIU>B9]`=0A`LG&O]E_HVVFO7)G8*_CY[(AZ.X"U)]J26("?9/7$LRWGP?CJNG=D*S$:RY7@% M)L:(UW'E=]I[RD_AKA:#3.+-.&/^U#'XR$"-QJ$XJ,>0Q/.DD\#F]0/,$`.' MD&@T3E`T04X(-I,WK=3(VQ6.\&NUFG:3/N5-6G:+JN6V:#C"(KU-<6=Z<%); MFIO7G'QE8\K"5\^_25W/8?LGSO:4`I/:Z`M98B8ZN.'P!LT*K1@:T!3^)7.` M4A.1HK%*P,+9:GOTA`762HPFK89)^>&@1T;#LOXF>01 M+NQA@W8PG+3H0#"P=7+"9G;RIUD6>6G1L9D8%3G&\;ARPA7*37@,L`L?2.*3 ML3FOD06?$\M_RW1Q51$]IMOUO,EZ;MO$;YG%T];QUU['GXKS7>1(@:5`WR,K M#Z;06(V('2MAA`.JI4P.9>HL`SMNRA15">VC+GQ5PE6>O2V(ND*`W;[4@M)H M4/;2G>"\J,#W$LYE`VT',`DP80U=!@F+)7+S%1"IN:06B=4GU`Q@ MCW`TN"!^CW`TKS-"^?VP'0UJ[PU0MHSQ3\UUT9\92[(ZVT(=MCSX$/6F@XV* M]6JJ#.:&[T2;F=8"CF?XXM@UP50'<_R4V^N[L'#MRW_\H7'UQ6MA;@[$10NC M2L8V77U]KVV>KF<-)Q@;+']Z!OE MH.B/1K)ROE$W[Y5%M1F!6_9L`,5IRYB6,2UC&BC0]M^&XYACQ6U4O8VJ'U%4 M?26)AMCR9(/J68#5@>RQ$G!]\+VEX*Y!^I:"CR^8O[/@W"1?=A:B0/BY^DT5!/K[`9G[41HC7V]O&*\>5G,"/&K^N MKPN,B_R6Z_I6"O2DP,-_)VMY,YKSM%URFK3F2LJ!UKM>AW=]2[-7Z0Y'$17+ M3(UX+8IK80MG.^R;F%-?E$.\J_+2K!SBTGQ,])L#^/?9YET[F9%B$O9T%CUTJ'TI]6G'*\Z,22?8 M\=/V6-:HU@.RK:_*RJ!97*MHORUEIF[JWNN4,-H4JE?ZX_X7,*W=N,J39CJC60*C60#FV4-6XI M/'KG3.K@7_*?)-HI>YB8KP<6G?\@DO%.ZON.C=B%)AXV,XK:%/,&2NCHR7QI MV/TP\6;>'(UZ'>?!0;T5>=]EWL$9H&&:/A4M\]%=(UK3(S@)EY)?'EULZ!9U M?\I583-[\U.3>M[F'GL^\_DE<,.1M6)ZNB*PT6QY].(H\A7C%A2M48/9G$\? MHX;KU-`\WK3)N1*TL0WAL\6'7Z."='JC3QV<+^30:ZBA*]XPD5_A49GC'46UB@3Z6G5)IVH5L^ M0;KU_OD&9^8IRFC%?Q][`C]P7312+3W?T;]*U"@KK;7-G?`UCRW?!`W#8?(I\#:MDL^@/W?76Q`0-L)X7)K.R7/N').O1KXLF M+(J-1<)0^F4KR?8O,\A&9^YLWQ2S MG0=7F__RC/__L[5B5QV>XG$M+9CF%K4GVP*6@QXGW6[U*.TG+G.3LRJGF2>9L;A'? MD*661>_,96T\.:0M\&Z@D-+`^SOA-Q&%HWK&#H#N^-&:6 MR>[%\%(,ZS`^!AD@XU$>A"4+@*EVCU..F4WQ+A9^'R4T_TV3<'2R2^G&'"(P M_]-`S1W/Y%.1W6B@?:DHT3]>!=[IG:;-?[J)4Y$O(HI]8=Z'D!Z]6(0M@2-/):6Q^RB2D!^O M;B\E53J5?KMZ__$WZ7UQ_7BKY#LZFJ4_V(.+6D1NR-.XTZEIK/+SRA M\`2B,PK/H,R3)#X#YBZ;:UA#0E4C=RAE4:JBF!65(T`(?0Y+) M0?<@^A.C)&G$/?S@3<2D:OAY:;PDWB)P!='O\FG18XQW,L\[DRX\R9LZ#W:4 M[9"!@RP9@1O&1VUX4)H!B%-/8C8F.ZRFVJ7F:&$.1.`BWEB*@ZF^?*3T\]%` ME;L=A1#!$U[#M?&5J*+-31]`P.'2NNG3W:K3](<]*;`I M&.@[TAVS\<2D6J*)*>B7N@/I;MH!_=L9^QJ6%'%J(&]QE"8\M0RBR_X.S&@: MMLFU"^(YOC%PX346/1B2',BMN7,^FU-G&O`C^D6S?.>.H49!Z2P>$WX33W(U M$_Y*C.ZDC#S0:<9.X.>.%@M34Y*X$9U3:R]/?V@%?V/BVJV4/ZR43V5K94IY MPR%+(9P#C-*'Q^\IB.=>Y!&8>H8)IU9(-9)2<^2XPF[80PB M&$Q7"U[@JP%Q2%CR? MS6GJKZA6YNI2M%=#C2&Y+5$Q2%CRXM3G+Q*R1`;]@+LR4,!8YLST*97U)^E$ M>0FPZ@'-"?4T3%?##%?3AGN^AU\7V6_AQ\F!`:"#Z+H#)IZH+X5N@4D4"`3< M@QJ-3_H)U>M$.M#/)*A.NB]3FE($`6AX@7KZ^ MW;<']CC#"TWS/AR>*4]BIT2QC9NIXR)`[HQ$LK'5"?H-#-ZB MA)=(HDMET).5+O>_/#_OR<-.AY?1@*+!4+_Q@O%?&#F!4UZS[8`^)7+`X/'> M6?]%^G[*8H8;1('W>$&!&E$T([Q6\-?'BS?T33B?35VZ68"Z,_.D][9^)IV$ M_@NU\S/]'/VM_/P2)Y]+L&Q(.7FP^1?R?!]OIB:;2)??F!Y0SO_5!&PKH'?J M"Y=7R^]'LM\%&DXLPY0W'K4I^LSEU9GT7.W(@_Y(>@`K"WU\IL$'OIL>)\V& MWK,C*_MYS'NXK?EI'D^N;.F#MI"43%L>YQUSV';87"D'8B>7'M M>Z"1XRYBRR9?[$E*_\6*\",WX[^`SW;E_Y)5K;I^:,G4 M"J'-='.P:\GKR[B^9K(VW:C1#-U96T^KV4"]T^B\&#.-9"^I\A.`3/K#M#%+ M3?J-VECUA)3I_*;1.OD=>X?]6S30#P\+`$W..&5?A80I*_-@!$PJIY2V1HS_`CYQ)K^,;*.IK.SPLA%ST M`^(BAHV.3*=O#\]&LN4Q"V!0Z_^E@1@!O5SM9$G9A/A:(UVS!9@"QD(G=''0 MS;1#>3X.6A1"0/3"S!#*6J%4XKD&WS&PRTB6\1')+.H[P/T%Y+QH-WV3%EB[ MZ9O'D_?QIL=-=P&'L%6T]7,WOA=J,X;I,LR9XOU]EB1`)RT`O#`).[3@/?.; M=#)X&=K&889=IO^4TN6\\$6Y5CZ'0*@FJM!,T,T(UG6&@&G.TOSQAU9FM#*C M@3P!F9$G)R+W'QW)Y+^+Y,&2-9/0! M",:;96$Z%GGS1/\S$%F6F3"S,D(*`"\SY_R=PI0Q;>Y30+'&DS,F`1='<*4[ MZ`NW8YX-FU!37#8#2>JE1%J^NG-)98F(]:;+-.M95.)B,SR MJ"FZ3B[;QYB,9CQ3Z MY)2U?2N;.QRIU^_*_6'1F()'.1SI?=A8'83FLI#,H$5IEFU,G_5]JWB`M\IO M-G;LT86NNP'UA1=&GD8CJWR'^W4B(ZU9'!IT947M-HI!]6P:K":2#-.CWBBB MRPH5?6-,H>1@]`/RZ63;"6('F>ZS'8O^=$UR@TSXL*DDOPQ>B$87X77P<&!Z M4TSA:!:;U(%\KFS>J^](MU,TYHL7/,YF6*2('8Z;Q903=;M3J,E;I]S\MHL9 MCCZ)VXJD-E51Q\!V.-NV\'2Q@XFB;D2;`[4W7R<9MI[1ME4[^X,,9%N9+"\8 MVKR1;,-.7QYTVI%LS?*3M(&!I\631`;C>6%Q4O>%Y(!`,+'9`EV,==EEDYTG M(V";,9<9U/D!RY<\G^J8N%F\"DWZH&G*#SOG/4[F&-PWGD1>F$I)UT\16UI'DR>YD"3EM*ED@@C M)K;;P!+Q8#CX[4QZ3UY1M-P)7 MGV)#+561SX$,]$&/.T)B]1/]6UA'^HVY.C:^X)AP9`==S%@7D')*A43T'QSJ MED'ME#?+&WFQ,N2.%XI2XS"#-PS!"J[E]#,R:]Y282_GBON2;Y:1-K@`K:''N)WEF3M2>,UD?%\.X5K]-^(?5;7E;"UG<)<+YCJ]9\.KGH[[<557!#MVY MLZENF8KZHL<$V1"?C)H*RNTQV(2Y;J(#(/Z+A5WNXD2CM-E*+6;IR;BI5/@@ M%=]I7$''!.5[QH,;T6H,(6JE?U.D?WLB-X\GB1-9Z68=R=J,APA1NJ.X!6'" MOID>"5H4W#RT2/*":HG#$];'?!TXDO&TH4,K51I,;D-\'&Y31-)@F.T3MUG* M.9YHZPMI:F8?D3/'B#K%<&%3O8EL!AY>*%.MQI*ME1,N7];B$X.'M:V(Q4Z2N20&`D7HX M16SEVKO8,J.G@:H"=D>X?@2* M@U;[:,P27"L6XO%X.;WDD^WF;_"$Y(VXO$NJP/X(JZ%M0'^4*\-*-J#O2:?2 MY7\^O[_]'RV-9G<[?^S5KE9;F%<=FUKZY--G;6!06#8B:I<3JBL1G@M31R(5 M9Z5P,<]-*[Z9-C_.Y6&_LWF8ZX8Q"0\LJ7O6_)5QUC?M0^^=UEIIUGZMW?U" M#86RQU\?#CR M&7FF(<90$>3T!:#?<2KH]VQS>-)'-BA MVEPO($;X4V**^*O`^B@.V&RVGTU[QRT=^\M*.\.2'K1K/@SA$^I&M[@@^,!R MK_6A'>/"3OO0^M*I='WY^\7MY5OIT\7U[?^DV^N+CS<7;V[?7WV\:?UJ!^=6 M>S0TCB?)8'O"3G+!4+0#T`YS;%/2G&(^7$J,+^G) MW=YAQDI5M5!;^=%(MC1`?K3TR:>/D&94*&^H(GD6%-BD+KK`5I`9%<# M<1-_@)X`,-SX$B42D#-/3/6@L4!LJED3,I+MC=53, M/ZH*\D(DT_`A3);YE3U@?:X.8-S%Y(MFJTCO-CCEPL[,(2N2B2C\66N!-4=D M,0WEOGJ.5<\:+S+BV2-#>=A7^3DFW*(BK\R519X`! M&/$('.GW)B_5I?RWF$&R]/Y6\O@P7)G:O'-W,?T$Q*&)E98V=H#@S`9AP)A+ M:]B;FO.Y*?JX\],WROY/G=#:.9_K2E%FY M!95S2[-ILI0.V\XSP\!M8HC3D@MD`V]&*HTH&'NPLX&HESB#UFNNR\/??7-Y?_^7SY\5:Z_`/^VWHZFL.D-H.HR6RZBD=;1P4/Q=,R M3E!,A\JOVOEY:7".JOS\DISCS-8IPW\>C"U4U2<3QAMS"&41W0\HVC_;J)F? M)-Y(5Q+ODZ(98M+27O,RCZ#S+1W3=X8UDEOSV,B8(B$#Z\\Y9IZ/$ M36=D2A8";1'5X`OIS[##"7TDV>(F]^WAVU2RCW.U<;P/M=;(?RG MZ*<4[45&`"F9SS1X\GD*SA>B563PI"7K?#,BUG8JPGYC?6N$QSG MPH%$@FK>E#N_0@LV;-KDB8&](J\LHT>S)YHJH9485N\8T?+E%*`V/Z8GA7!R MHJ'B(=9>G[>#T=/T_`E:NL5.@90LJ_N]KA/2GJ8G!I-BA1A6RNL^>.>A=X@,?^;_ETB M<)MG?B1ME-<:"+6KR4741^"3`R?I@O^W#H/%,.]#@(\^7`MKTGGP`/+&+N18 M0[;$]")B.*ZI3[#ZT/6(1S0MGW(3C!ZO+&H^-\GKJ^M$0^K%F/M)4OE&B8)_GN!HE#`>QV7=&OV;ANF.&;-Y/T.N M_!%XKD$%?#Q+-A(LL63SI#MF,U>SK`7^CH[%J)DAZB[HTT5XES3V&^FWBXM/ M*1@FU!B38QXC:]JX4+2H>V#<;-(&L@;<=X,*\CNX#7AS^A\^CAB;)8/<54A3 MNV9W@<7?<7/ZWS/I@A`#/`1Y%I)!;:0BURZ._Q0*V#(`7/9'+2#'"TD@P^,> M0%Q8NRR;7?B\-W4"4(W'Z/_20K?67X&]Y-<*UT+N>T*-$PX>ZM)NBSG+@O99 MXTE#$OU[16V.?DESQ+22)>(W3,?22E.XSR_#`G7XU,ST>-92F(^MA*F.6.'` MZT6I;2AU>9R;MG#3P9;1[D0F--*!(+LP=:_-=.9Y6!1" MU@//>)XGI"*^(J8E^163#2EY.2IMJ#@T$^GNX;*$7TS'\,(7`W'BC>.R">XY MO`8L,45WM_SW+K\3+3I<@B$FIH4]6`TJ1KF/S('P?3[V.B-7OQZV@YL$87LA MUT?S#R\)^$FCP?:G9U1+XH4!@\S%%5I+4?LY`,0(YA9"PEOF&9&K='7=%:Y; M`A,>UO@$8,HSQUX)\>/Q$HTIZ\Q,.`R,/"6)_B4TD5AA*J<+);6G-Y&T!1X= ME\[4'KT[*E*?XN.,&_;Q2FC5J:/@Z2U/GUVC+X7GNS]E<=K3JA)EDA@$)6IQ MR@/L*`U-PX3S1>9I`Q>6:!6MA['H\&UTHB3B2B38F67.`!X_:@P:KZ_-Q%J1 MD$H*L\\>NYI[5BJ]'M-17Q==GGHW!0GZW,NLH&$G^>K*W,E34E-3" M#8S4PN0>TL''@ON9D'=A)RGCI=`>3.QFQ:G2UHC)E!Q#EZ;WM M(,"NC0@V9AFF.=$F#C:!)[<8S@/:.#/TDRT-59C/7><;G?.PI=5P!$0\1"G+ ML9HJ_2F;V`P"HC0/_++A-`A9I'3G@:4J')">4@A(5DG1.!Y2 M7KZ6J15D3=DTI!6YTJNU6@[-%MP!A&BV^V`8\:9:LHNAC!@ET^8>D#[\5XB_ M^9V=\O!"^+WMF"+IS++$MW]YUN%_B^F-^'>":.OF?&:.\ZQKV.E'%!L?N-BX MS!%?Q/;ZI\SJE(Q6WUS7-T+0/0)T::F44L!&>[A&ZSFK!'K8Z4: MGFO9%+O%BJ+LGZ[YP=N2%3\U["ZK=H*9I8%4:H-ML`Q:/)V^:"QU M^'A/S4:-0]T;R)U1T43I$E#L@3]5?;V0&&J1GA)IFOF0O"CY^.9@%WRTU!)0 MBK!6Y6Y_L!L0&R-3*0DV6P&%M"BSBS=:`3L+5#+[LL5IOFQ*"_V=Y&H-!^2N M<*M[`I?X6ILQ4;1Q]Z15T`F@].3NH+,129JD=-7+I";I@+3T*V-4T6%U//QI MR"9JM\]Q;)^=^/3C#\7[IU[;J1IKJ9YCNW8(RJF[.4H=G&YRKU]DXVRA5NZ( MQI8\H&=[169*>A6KTBC>;31+:4OJ^KY;D`\ENB6,JQZ!;31K3:ZU6C'?&\D#SI%V[_U MSC=#!23YU*V*46UPJ\J8HX*-TML]=!1[2"W2\G;<0VV`JYD!+E49R=WSC1C? MZ,!*OTA/;7*`JSN0AX\HP-5[<@&NPT^+L`X?WSJJ2KD??V@G/!V\EC#5RYO1 MB"<'U8"I9#@S[**A\TY)N"]MZHL`E(JJ1C<;\9,J_A05K+S!"4VOF8+"<3=- M-U6B)B@Y'T\-ODG7T7;5%]()%O/^T['OI'\[.(2G_T)Z[6K?34N6>B^D][9A M:K*$=;;86]%[R>MNX9$3N/$#^V;J3O)&);HQ7;DJ%Y7'\ME$(:YGM:W%-A_@ M*M%/HAF0KN'0,H-9VD(T/,(VH!XU]`Z?$R,NJ0/F`STEFB") MYIT@-,(.0S2,SBNH44\U;$C!931&8QJ]NN;T.FY8M][%-M:(,.U]X4\9$%]RL M!ADT,8"/^`,X<.Z(39,#\;K!QCYUDM2P;;0'"@\^$78SH\YQ\:(:,R[KPG$B M4P!--$JC:SB33/$Q%/B<,%-IK!)M2=6^,C>L.Q1&*2$I]7%/>C1U$4 M]A^R>8-';"-.`U*P93C1EV%_];#CXT(ZT7#*K^GS5[X,!:!H08DC6%VP_V#; M@\*DT71<)\`&:NY7YD=]BJ)/Q>_%^0,@CM`U#B(A8?Q%HDN\8ZZAKQH^1[8?+;DS)TIH'1:'YGR6FWSACGQY+D M->UY("0C#NY=OC.P5^Y-]X,+?,#R.RJY:-\R=FHQG&9\'T$Y!<55`TV8-[2/ M.ZY[2[(^J4#(279/',O"I7I,6[05HYF)80;\X9\Z>. M@6,.%Z24_1TXJ.F0!/2DD\#FB?C,$%--D'H83@M[YB8$G,61;MIF\V?)[5IU7*;-IP#D-ZX-"$>SG)+<_.Z6Z]L55FXP?DWJ6TVCN:, M3_^4BI/:^@M98B;ZCN%X!]T++1^:"Q/^)7.`4H-8HFDNP,W9:G_MA-76RI!& M+M-6AC28.5R&=,L?_"D]GZ9[)3HRAT.6(F6]W9*-Y'J[)1O,'#2:N2E+LQ]H MHXGQ:]RE8<`;[OF,M,QS4,Z-PCHV'*CQ,\EC7EC5!NUI.(W1#6%@Y^*$Y>WD M#]HK\OZBPS0QQ6Z,<\KDA(N5.P(POBT\*8E/QDX!C?P`.:'TMTP75Q71XKE= MV%LM[(QV[2W)2J;54&K9'LKJ?_RAML+Z%8KLL\:^5$)N?*>1BC!>Y(B'I1!C M_-3V>=KY*81[+=FE.%Q-2!TG2807JZ7)"DW4EB8K-.E6BI7($-Y*AN53:GM" MKB"]_5=:(!H$Q";K;%WQ2AIJL9_.BXIG+^%L-=`P`'T?D\'00Y`P1R(_7RYI MRI68YS]3HL(Z^^'"JO+^Z%P>J?E"DR^RNH MS8>A[@K-P7`#4M2A9')#=*+-3&L!QRQ\;^R:8$>#K7S*C>GM6;?VU?NMQ%W+ MY:.!MV@Y5,?0=L&T"Z:"!=,\T;\=LX_W#*C/V%F&IE?K>NKM=S7U7Q@'BQ^GV^`5!K4W\G\+(XT[]^>7!MX7!-FZ\!I6 M7-56OC68.=F5;\Z]:5#;&"^8`74780TX[^M#!>IQP9@L"MWQ!3;SHP8^O([= M-EXYKN0$?M2K='TM75P8MUP+MU+4)@4>_CM9$9O1%J?M3]/(Q5=*,K3>\5J] MXUL9O$IW.(J(66;PP6M1G@H;.MOAWJS$]:($WMT4FJ8D\);F7*+3&\AO5M)O M@8PV/2]`IJ]0:@N7ZT:)WWF,&W9D11E4];WZO$H[<.NSS7MF,B/%%FP\++K1 M4/-0:B:.5YP9DTZPWZ;ML9=-851?E95!4_A4R9Y:2J(LM=6RMY7G.:`O8<4_ M-:>GCJU\+\*UFIR[3S79\D3MR-W4$+AU="F@\_+NJEE\%"[#7KF3.J>R^TDD M,6T3D6_3F%ICIW6#'"5S;M,M<%8]%8F6P1[FJ>N!1:^QGRX!=QP5(V"6@'5;/X\)0$5 M^6EQ4XIVG\%LSH=549MQ:N,=;^/D?`7:ZH;PE^+#KU&5.;W1IPZ.HW'H-=2D M%&^8.0:S]N(V;?=DZR%MM(X5^1F1A#O+&]^!1: M(*6I%KK!$T1;YP]O9.Z;HHQ6O.6Q5^X#UTLC-=/S<;(8];A-S\YH8!"@J'%+ MYZRS;:K8-@DDU22=5!']Z)SU\AUB)3[_HMKU6=X[2_?@,+S3BYY:V*J`UC'"Y-9JP[T0Q'R M:%?`8=F_H3CXP[$T7SA@--UWW*:04>WU7IQV"U2!AB\#I5^N4FJ?@%MZ MLFUR'.Y']G#!IV2"9OW)=6SXI\Z=EG5/Q37,^R8X4YZ(`XULK_`?5-Y[S70Q M"=1PYN3+CQ8"ID`F5@*MN'9F;M-9G!Q].-4\R9S-+6(@\M:RZ)VY/(['*IFV MQ/@\;A[$@7QLPRV;V8?8D1$\;GZ@)D M/(""L&0!,-7N<6PNLRF4Q,+OHUCEOVD2SN)U*6>60P36=!JHN>.9?,RN&PT2 M+QV`>27$4BQ7-Q612?%ZHT^9$5C,NYJDYI-?3=`4>[W`_[XCU:L."=LZ1O?M M&*TK%>>C:3/I`Z`[]:1+&T.1.R2G---=B%]^`\QU9FS5#CDN5)8]GQ%:*1`C M_[%FU=8B]CCI]0+$=3:M;AU?L[)_NH;SQ@[R':E/D9#BW/*D:YHZ3*'W9SBBI+`YCO+VEF`$3I M#>3.*#^+\4FT[U=WJ@)9]=8U._2CJG*WGQ^;:'33_DTX7DB#]?NT*<&O'0H1 M#G'4[0IS7>.6]E?\T(@A`XK2D[N##<(XM0P::!YSFJ._T6*OB$'Y1]"Q\*41 MFZ;=+LW>+C7MED.4<)4_J>LXBFO]>AE%-4=32IM[X3VB.* M)BE]655W*B4Z_FB2DC_,L8TFM=&DXW>,]T;RH*H&6JUWO*Z07_YTF3:8=(#8 MGB+W"P[&=L\T@DD;E.:U(:5C#"FIRDCNGF]:@=F\T$9_@X'AC0@I=0?R\!&$ ME'JUA)3BJIPM*FNR"G.N)F^C=E'>^[A=U$U4V'0U>1=6%GUB+L8UL,'=A6W$ MET6]T>^.3B#<(K3'4C'Y.&OLV@A7(X;+YA0I[7FZ['X-GS]XP]M`'NC M`';VL/8G&+_.`JMZ1(^3=.OBW"WMMH^'M[1[#''S'45C^5CM0=,H6C"/#\R# MQ>_S#9!*@_H[F9_%D>;]VY/KXN9U0:2.AK):T&!]#9TJ8T'+RSI=-WO@8K\J M+N;(E,-Q,2>MX7!)GKPEN=^K*_`I'LLI1HFM>%YS'? M@]?]+@Y^DWEBPI=Q95\S/7!=H,)KS3.]MO+DT;KN6L==%=JXTAV.-FIU\UJS M<#=+FI_C"VQ65FUA[_:=I&U3L@M+/([<"C)%L?S)-/6K0!99]IB>!Q<<69,.F'? MYLSVV&H+L@,QJJ_*RJ`I?*ID3RUE>)7::MG;RO,<4(5P%.&#Z4_AIK$O]B)< MJ\GS]%0SP4[4CMRMJN_,\NXZ1(N&5%K8^I-ZA]EX;89%$S,LBLRS"@PEM,!L M3;_[Z2TS72ZZ$I8>?N!>?""8S6F"Z`?F3QWCL\>,UN1J3:ZG8G)ER.P&YGSO M-6N",B:B/LWAN1-#7/-PUL=`M="N3A!MG8'=R$B?HHQ6S.]8S?^@N5^9'VO) MGH_'!5BA,WY$X5$C&:`@-]"K4%2FVCGK;!L8V\9=7HV+O0IW2N>LMU/[UKVV M+UWY.K9'.IVX#,>]P[YGGB^Y68OO0);T64<]A96UJ2U=<>^N[>$'V#=MG;;G M5G@KWW]KWIN@TQC2PF36JD5^*$(>[0HX+/LW%`=_.!:8/>2IF5#3M*:04>WU M7IQV"U2!AB\#I5]A'[R*Y`#^ZY:YL_W1R'8>7&W^RS/^_\_6"D]U>(K'J[1@ MFIO?(6!C.`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`KY_Z']3N(\8VM:J1M\,-D243 MZ&.`SSL3/0QP-B\]Y1) M=818'>,J;DS^1P5X`Z!4IHVNIYM@[)F&B5V**O:-Q6]>`559`C4;H-CG[+A? M3?ONC38W?^E:9HL]^MS\=.\#>.5U$99$68J8-S)6%5KH<^B6OL/L8(0.1(CAL&\LGPV;E,7*9\44=? M+N;N*M*=/@BIQ=+U*"7IC:5YWM7D!CN;+&/^AKJ>T$]ERCJQ@5],@+(H54T& MI??E(KA;)8,RR+C^",EPJ/5_JE:$>`";Q:Y*;A6S2NVM@LP_OPQ5#';2*4K+ MQXBS\(J!%KMS1:->O7[-+'JQYOJ+6^P`J>EDH[U>)'\A1KTU78:]@M?Z+[I4 M?93,NBZ/5^74Z)QG+]#,ZS=3Q_5O-UVAV=57:B/05[K9Z&=>?^+HYWAP*B5+ M,S;%MF1)NGH>X6J!PVQ5?T%9D77]#2A:IO].TWF,'G$'D\VQ[E'Y3_UV5$L# M;(M,I2;S^@:G!WS%U&\6'BA!WGM;WSQ\=$B:;*<&9)Z+G5Y#^+R)2;8)GZ?, MG%Q^8WJ`.2Q@EI@Z<]_1Q*C-R]>VH\\UFVL+,:N;RN=RK=/-73?;;_JL5EE* MLE-6)MCY?(]#63E#PI`SP8KA4;`;IV$S#&9)\RH"]OXZ-CZ6I-.[63'&S*O;R3W M3+8B]TJUJ.JG*5(.PVJ)TLV/^.Y$E%R3<;TSXR!DV+?EW%`R;.)VWL,643O] MP].D-G5I2['1>\PT*:]"EM!4MB!-ZE3*S;,(O>'[$9Z_?AI\R#LXE]-&-D,` M-.!]B+U:$:A':_SUD_*_LB!_='SF@S+6NHG:W1B(MD]XR M3W=-RK)K@L"_G?*I2)(WU2Q+&C-IKID&#KSRX1>FN9;)7!RO@'^^<69SS5[\ M/T]R,8EI[N,/S_LT>4(R;3Z"P7$E]G=`,/X+Z(E3031)Z;^0-+*/TR-\X:(A334/;L'0*A)- M43L5T".Q'U\SF])8-"L.L[YCFA^XV2?=FF.Y5J%P?MY31GF(E\.I%II4FG%T M/NH.<]W(VR$9WU!>B-2D=,6@X!`OG>&6AV4/VP#EA.4\<*'QO'/6[^#^/^^\ M"(6(A[5WXBE_"H+FP>2")_"8(8T724F#0L7T<4SB-U\\:(JDF:6=DTF;-`%Y MXLT[TPYS;KR\YND'5!!&2[ZW3*`W2@\1)=+>E7O%<[LQ[8@9A6DSM2V<&'7B MIK>:^:B<;Y0WDH==*@F.I_.(6Z_<:QQQ`L:KJYL>KP*-?O3$KUXV>?:Y,`I* M60?)]H';(+=2Q"O(=ECU,6])I&VA)+S+K0R\`YJAZO_2/0F\5.W$E6O>P2:V M".ZW8DI503QB?QLQ0P;UNVJ8@5P`=X1;I"^AF9&`Y/@[XYDS78;/G^J M=/:&3F>O:3H"/?6TJ^R)6\H&WA6$;G#:Z9ZJN:DC>=#1/N4;Z2W<8-]]8J[I M&,D-!C+ZAKGWL':SRW]6?"HKMMW*]?4BH;ODVMH,SB2&%Y;EZ%0O@_>^UCQL M`#2;,U@$N`:P%M/VUBZU+3#+-C\2.)6#;+7@!(6B$+ZEY?P>7!'E%,QB%*I! M=I.C?CT"2Z?V/A#($VZ=C%-Y\^-U!PRX;EH?"];F`Q1#5`WL6U*_0MBS&AQ7 M4T!<8<)J5BK/L)L3'ZG=UPWSJ`W!#T1\...EHEP9H(G;#Y,^'BDN^:F;-QX'H5 MM1NL>]N/.H/(DU$*JX@*'P"CJ;5XQ\`(C'Y&M5SH>!75U=>*_["OAMT:UZ(3 M(7[K^)IUU&@/AH"XP'L--FFK;^YX&%PI<'1G.9[R'%+UXMA="@MPV",N?@K& MEJE?328,+:^RX;'>ERO=S]2B5J]C+P-JMN-?HC3X'PB>38800,_M#)$25YJ&G)TEQSI7OLPX-ALTY'D>;,Y??*DO_@2&`Z MXFET(84.9HGA1WQ'F@>N/@7C+/_M%(+&7\5+7DL/_"7E'C\3RRN7S,M*DU`? M>5,(^".AOK^W$ZOC,.SY$L;5A%)T@:2XHYV2>C#$+O%[69MRU%]V#VQ`E1QJ MOL&59##1E(1.=V9(=<3Y*E1LK+^%9;4$RS@'!OU'B'M66["L=D*E<0^34X7*W]"%K*B9:<$) MH`$GP.K_G)Y*[QS'IWS+&\9/B=-31-@R[:\_3<1OO\,?TC>ZY`-4OSP#%)EM M,..9N.HZ%ER=^O[\IU>O'AX>SKZ-7>O,<>]>`23=5_CS*[SQ&;[ZU;J$1Z)&7'^_4C%3F) MWB@J]B3*RY>F4>^HY_@<>4?RQ'[Y^NA[K14PCBDY;_>.CMLM(`YU,9F?MQ_N MKSJ?VZVOO__\TQV&_RI%.3[C MH?X-=9`(32C$UM^H!1#VYAU@I??R8V2SAO M<^PO/04[?+9@,#MO$^3,I7[OT_'IR;'2_C"@A%,/NTB`>X$\9>G=`D#P!X(" M%\NG[99J_>%V%#-!M>31*?($.`M"/3K'P(\5=->@V:X"[B#/";RPAVXD MS)@!\"B`N`K`TU/5\)XQA/Y#G=AK/<489?&.B]X:TC)#?!IR$_#.'*%E5W5H M%SS!MT_"+NX<]R**/D2/O_&@*7OC:[SERW8IA#A!?](FK M?ES^'>`5\B0,WA<#Q-A&CK\_D1>`!KZA?M(!^BQN(6+.]B7RKRGVXT,DDNCR MP/?#UCJ28'^K/V/4UW9Q]%[Z)D,HN[4&/%\(^4_M MJCGL.PX-)-A;<$`"GWKP#82!YVG5[&=,CS\BZJ--1(W(2F*C;".!:HB)B]E/ M1!QOU/$G-G7\A,$28??R<0F$0_'0R)&WGXH5J2U_"U8=4O9K%E.B!VYCD#&%).1:%PS8A9S$'":3&"<[[W'V#T11[ M6$B8Q?-DEG!=2ZD)VJ@%A?DB*JE0JSOG=WO>&BH)W\:I/X'U%CSEZ!/$S-S+ M3+V9O.488V-XD,A9`&ZIF4&CTQR^\BRP<;T\"+B@/K`H\AE0E*O1$()R\=NX M=+Y;4";N@?D7E#&ZQF2N2[0RI1M"2R9VX\5SE2.&DI7,T[':A:0"S!.((L6& M$%5D1L39KS9Q-@S@GI9-(W1*#>%*9T+$TV]6\00,KV07K*!4UJ!7:PI76B,B MMCZ_+T6+8Z:@SH\%]62'<;6)(C:ZD)DA7'U$\7U*0B2%A[`IT5J].[^KTU$C M"=S*A:RR1+&J_TEK) M(C`5#X1K1CF?,#K3QNR85/79Q@I(`+H-MQ>16L=E1F>F4X8M4ANG154R,YY= M4^KR.SE-:!=`"4G;.SX%N'CBZUB0F5DV7400R'Q$)%RXD=VN<9),Z:I]^JTS M7%V^K.GBI$_'0-LXG]R!)]N<7P.1-GDR5^F[/B:8"Q9NL$5%D[K4R["!IC!F M:L_[Y/0&;_L&PFA:2LA5/2CV-8?6Y>Z9W9QT]$S8-DY18[$`]@12Q\)KJ0;T M_FNX-NX@7@0<$^!\0/TI)D^]Z,@5*0\W0:.3LK"`6T-*F4;LYZR,-<6;BITZ MOK41P("+XJB>DK2?G13DXBJ5&BBX1IAP90;P,;E\5/.O=*"%"M'CV1"FV@RX M6-=^F@R,L+&6Y>7,61F@\(_)RS-]H;V!KOV\&1AA7,]2S4:E^FSURJ/K_VB? M,J/YVK8I,[!4G]DK$'*IN\+2P(O-`P=W1)Z3S+XCW23<#]>G_<:-5#T![+)T MJ7%@ER0E.>H3UMBX/+A;(`87B*O4RU>A/^P9;>UGMD+#JGGB*3O<]%NVIBH-YQ%,R.+ M2_9KV7Y+0M_>$J-?%A7H'1RA,>N*R_FM8#)^R4PI,I.J!\=GTL"(TE/+*4U\ M3_RFB?=9]^!(35GXO#?0C(B:^97X+APG6SITQI/V;OFW:G,HTXK$5^=E24^I M'R+3*2.W]%JUCY2&GOQFO12Y:>6#HS9MXI98N[]_:<1IATI<^:ZG'9F-5'ZE M&-J$G7U/PPH'!KEW;FD,+-.(C0--0V?J2K(2IA8?HM20_J8,&!&!R%S=75!X M:YF![J'1F[;0O!ZT!E:OJ$E`S)0^$.9B-IF?GKR'O`(JKC!!Q-DQY&4V4L,M MF@Z`RZ^D%SY?L5-P:J71L7'<:,C*N&,SSS(;BP!N81D-]/',E#R-3L/)TUAF M9YAZY6ROMA4V)49?6JWA'.J-L_&"O-=>5X)%O5K#6=0;9^5Y_VO'>W6#68FQ MF-)J.(E:V_9[NI^N;E5/7MQ(E1@\W9T_GLF?$G[>)QB&>@VEQM"ZXD/^]T0_ MZW\_FLA.I&YR]U`S_'5*-53JUE"*7-<8*J8KHZ;7V#0;<_UZ-E\;SV^F:386 M!]>ST]!X?C--V^ENL^?_F5'^\B]02P,$%`````@`RWIT1V4=7*[M$P``8$L! M`!4`'`!N86-G+3(P,34P.3,P7V1E9BYX;6Q55`D``_V`3U;]@$]6=7@+``$$ M)0X```0Y`0``[5U9<]LX$G[?JOT/+L^SHTAR9I+49*=\9ESCJV3/\<:B*%C" M#D4Z`.E8^^L7H$B)%''Q$IJ9O*0<&PUV]X?S0Z/Q\R^O2__@!1&*P^#3X?#- MV\,#%'CA#`?S3X>_/UX>O3\\^.4___[7SSX._IZZ%!TP@8!^.EQ$T?/'P>#K MUZ]O7J?$?Q.2^6#T]NUXD!4\7)?\^$IQH?37<59V./CKYOK!6Z"E>X0#&KF! MMY7BU8CDAA\^?!@D?V5%*?Y($_GKT'.CQ`2M7@?2$OQ_1UFQ(_ZKH^'H:#Q\ M\TIG&[U8F5FT^4R^@G>#]1\/#[B_7.*1T$<3]'20_OC[Y*HLAX-H,,/+05IF MX/H^^Q17XF.T>D:?#BE>/OLH^]V"H">IC9D"7/5W7.D?>&V#!MJPGU'`F\;1 M##VYL1^UJ%NY[I8T#9/$5' M&\-;U%-4>Q-M@S`Z:;7+I!4F.F4*Z2H/7&_.:AB^>_MA_#:IY32F.$"4G@2S MAWBY=,GJ[ND!SP/\A#TWB$X\+XR#B`VR]Z&//8SH.8I<[-/#@UW+N<:\?C^< MNGZ$O$40^N&<2;SQPN4@\4'MCUDRVS!SOUC)='JD;@! M=3V^[FLT?NKJ;*CR0SREZ$N,@NCBA?W32%5978F*;!V%`\Q5OV;Z%#1E;0$% M,S3+=.65[66*2;8.H5=0QN>+]9`()^ADKD[9UGK!.L_?)Z^X4H/<$75&G6"K6/D;8+W!S1!G@4URQ.V#E^EZ M7MA>&H%7%'7&G8`GVP`;("=`PA3#LFG_$`R=\XP0Z1;+(NVR7S"W-DI!W3>F MZ4*#3I"'\`L?<6X*3(H`2YF(<]P-=B*"QP2WW!]Q%1DB]08 MW:)(BY*PO/.NGQ!)C4GQ&0(`Z,;];TC.8AJ%2T2H9D%2+NS\V+\EB-@*0)C< MNDMT]U104SM5266IZH-'3_<.=HJ$!,)>8,.^+#ND-,:TZ* MV%B&V*!X4@/T[&:X[\.;2Q>3/UP_1B>4HHCK>XW=*?:96Q"]02Z-"9K=!:RC ML-[!]&4%;L.`9/\]=2FF)N<]K7['QA%1&P;H3I5:^X:-@ZC6$18/!*WZJ.?' M71M?G*XV/_Z*$6%X+5;7;`WB:S@FLPH@''VU"KNF96F=`8<!<]Q1!.;A]JC'H64W3.Y MREU1@ZO8/H#]-Z?HJ!9\(PCG=1W"-P)YA"?2=%P+OU2JHT,]^_CE[`/$IEPP MG69L8W^."'YQ(_R"-KK?/97_F"TR5PIPZU;9U6%A1>2[W:XU<4Z71P1_NH2X M0;3]LFB;)"EI]U2K8^`4-@/JQN46PXS7T]@J,;MG:GOJCCH'?!LLZKB/+"J7 M3]CM1^X+_"5&>R-659_N*]WS:V[+TER MR\A;F9.V,NEOA;%5M0$MB:MR#D!"0*1N+1IO1QH26ZN"Q)RP$QCXC\(3(!G; M$;#[B&Z\HC3F65#4<6+%4O`X4T&?$.SKRE;`Z3@3-Y@CS=2W*=,1Z]F#":[@ M`D#$:**7E@C-E>J*^#2>EPJ>5#B[Q&/VT]M09HVJ;@=X!G?CON)EO-3ZOU#. M+MV[TY+%?B_I"Z?!WS"7&;D\7\XN46OF\EU]`0WI#PN7H'N"/15ILBW4?P*U M'ME1]``@_/(NB9>)'I2'SK*U(KH*(D00C29N9$J)J:JP?&<"!M.E=1"@`Q21 MWA>OS\B+T.PE+>08>`MY1&19LUUP4H=:JI=B+:2'79B675*O9Y^EC7I0*ZLJ*%/3\5_$:3E]5!4CQ"?D]G]CV= MV3>$(11"]GLZL^_IS"`>".8S*7P.PQFMFM.L*/0M)#8K6P2(;FPG_9S5ZQ!M MIY^#=?>A:?JY;@ZP]KR(%-L%J!NUF^^LHQ.P)@GI2FF,C*R`,R^U#!"496!+ M2`%/2`GJ!&O/2R.U?9#`6_.V>36U,[!4IK,#)^,UDMKO$JR4 MYL!9++4-%9354MN8=4:44>2]F8ZOORF<^^MOSM`J3U7'N:G2K>^AZWCWZE;AW:M; M9VB57ZKCW53IUJ??.MZ]^4OAW9N_G*'5&.#=56A<3U&3;>A-L,%8JAM:\A`.2%H!R*` M`;1LV?&"2(394,"UU<;Y":(**3LQL-61D=C22N'&)(M(]M.L87>++MT?\(32S^&_,OW M!`<>?G9]`02FHG:SMQCC4,6<5LX\)&`D.SY,DPWN!%$V@;%M+F\49JG5*]=A M-]-+-7BJV@7HWO>?!$?H[NGI[HDM2Q`A/'4[,SW-*G<64M4HIQ>V&YU9>;`S M,ZB5XYGV^(3UJ,R7L.GXS`>*S.B3)6^4*L;9M`K+`:&U2`ACNUHY$FKI-MLR M9%/L_Q)BG+?#[=!R3]`2QZI4#%I9RV&GE4$T,RA%[R=PW&CEM`AMI?EB7GM, M=T,F#*E8P`9!^N`MT"SVV2!*V[E._YY3IQ/D\R.->Y=$ MJT?B!M3UDFPHIZO\7W2I8HTK@4"SZA`5MX-J-L+A*O+::7F^GY5+V65IQ5U$0@NJC8#3 MK\XQ01ZK6PM+L:!=EK8*$F6].[U7MT"XA/NEN\2^)EY1*VB7>37QN+D=7?*N M;*^,O8<5Y4O6J\#3>%U4V')F;&-/RW0'E+JSN'K4AQT(RW=$INYA02PU!]`1 M44E'_7TXL417;*GYO469MPW!V9H!9WIN$1TH"^"V8(*XX&TE%,$N5:WH%I*E MKM0(.-VHVF,^'=',^V!@"C8`NB)?_8&8KK)PUWB/9ZCV=TYA8"V^HL.AS!#5 M/0]P+JCW*(_=;..[S5GL^K+&<)I]O7=Y["80,/1Z26-`FX@S@F8XNG2])$I$ MEQVZ5+BK)`-[F'$EQ@#:@Q89GL9M-,,F9`&><:@<4*!-V M&^@`G,(GZ"7T7W`P+ZJL7U6IY"PGI9#V#=E)D\X4.'UJDP/IS'N4 MFF>%RX6=D=UTJ8TZW,:`%(_W`/"X#2-$6=?77*[*%W-&=I.J5L2@I'KJ_0\` MO)]M%U+U*@YL!M+.&$X8E`%6IA9M=L<`,"SV\7-$/8(3;8P'MIR,,^X=:R&W M(T,)'HF1([Y.4<`\[6'7W]X4OT1N%!-S.L.L.F?<8V*C@HD9[!`XCFYOTH][ MQ7F8V9.A!X'\J)_^:MPKPD.D?88#%*YCV]?-ISBAC#/N'=LAMR-#"0;?L+[6AD9]8*(!`@Z0%MJN\=F>#Y(KIX1<3#%-T3[*'-'VGZ5ZI\+:!. M?T6UE%3/W-^,:Y'<4FW/C3AX$(GC.)D\_02[;%$B/LW0BSG$O.`PC,S*W=Y+F8!,6 MRBG*=:^Y#,D5F]L"5L5JO9YA?Y9A8"KO'/>">*AN4X8.!*9AGVD8CWO%.U0R M*X,4`OV@53P_WS4"ME"1<]PK\J*&<1G($+B-S\PG]#JD%-&[X.*5I^V-,5UP MQ=##T(G,?&PM.0D/`K4]@H, M8]O[;_C!`+\DXT;F!RIY(>>X=TR%PI`,*""):B^^Q%P[.\]XY6/5KPU2U`K+ M6\Y0RW4Y726:54A0NRME(S^MU)N2D4>M?<^ST[:38@M6SED13)I99=<:./<_ MVDOA9#O/K-39AMA`S"O;(CI@KKVU!!/L6V\-$FS!V:06>X7D"*'+Q[XD_-YZ M<67XT+>PL-T$L88K!+7Z@"ZR)8:L>8ASMBH/YO>(X'"VYB>2BR:J`4LK;">W MK-K[DL'*R!8XTTNW'(V5[64=V(Q,Z4M_VW#[#XB\8`^I\TM4J5HK>ZIRW9O9^'RF:VOD@C#BU?^HVH_;%:!G>?#ZJ!I;@^@^Z5; MYCZ=Z$W/--2"EM*OUH'-P!!`UTY+VJX/SVK@51"T]"A8*WB5#=%=0MTOQRI[ MJ\02ZRI1QX2`U8G:Y6+-WH0Q9VDKU&>#OS4!0T?E5C2QYR3O/_H)LHI0BUO. M][?)OK]-!A8C*,QQ+]XFZ^[='_"OBZEU[Y`/EC4,0X;84!S.HV)FJY*JMD$B MN%P?T0EZ04&,/H?A3'/=2E3<(FE

>2=:3$'CASRHF7!'0S)3V$7_C:II@Q M1<5.:40MTL:-@3.Q#5`WR]2MER7#0-HB8]P:EAKSNGPL4&+#FI>9(+R"RF,8N7YU3#1B-NG<9HB8&`8JQ^!S2'&D6DAD13I[BVL?LTS!"%UV MP/W2ZP_QE*(O,6\D_)*8+5I]1PT3.ETF8H5&+^JB9ZHVLWD,Z72,#B]<]\A2A">9ZPT@U:S#5"X?-/P%MNO-%9SO!Z\K5DP M>U\MC*#,>UV!!7"VXZG!**M;.[T5"UHZLU+W!#$0`L7A=)GK,)A'YGD31,6[ M.JSJ MWI1WAE9#CAMYNVA$EU%RNRL,LZ!OM90SM)N]T/CTW=060-1W[D5TMDR_(^OG MG/]P_1C=(Y)<$E;.`5II9V@OA-@`"MFT8&97AY/$?3SUL7?W](1XR@3U:S1J M`6=H+_"W,@(&I@#J/?QN0'H_^S;F;F#_R=VKOPIRM(2*DZY0C3.T%R%/6:;QJYK M(!&4=D96*(-FJ,CLJ!$T/N`?F+H4L?_\'U!+`P04````"`#+>G1'M(2M%:,\ M```IB0,`%0`<`&YA8V`L``00E#@``!#D!``#=?7MOY#:6[_\7N-^!R%Y@$J"<;GG9F5F4[7*G M=MPN7]N=S-S@(I`EEDL;E5215.ZN^?1+4F^)I$CJ<=B#Q4[<)9XC_JCS(GEX M^.?__+P/T`N.$S\*__+5^;>OOT(X="//#Y__\M7'Q^NS/WZ%_O.O__M__3GP MP]^>G`0C0A`F?_EJEZ:'/[UZ]>G3IV\_/\7!MU'\_.K-Z]=O7Q4-O\I:_NES MXC=:?WI;M#U_]?WO^[>?$^XJ.01P%^!YO$7O]G]+3`?_E MJ\3?'P+:;?;;+L9;?A^".'Y%Z5^%^-E)L4?YOZ/\SW^@_/\M__G&><+!5XBV M_'B_%L)YU^"5$;WZ*YJCAWERCG*FOM]AL;$NZN<:4&#ML-J85Y8A]3;O]U![(:@2II:9_WY#W-WJ&/Z0> M]SA,ER%1^]1/3^MP&\5[9JZ73TD:.VY:,&)=9^Q__>/[Z[]]]^[=F[?OOW_[ MJP:C5W\MAJ#1XQ@GT3%VL1;\["LTN^8\_?IZ_>.''\[/O_M^_>_?ZW2->#;" MACI6')Y]?/CJKP49;^B08/U2EGL]@G4\^_H'U0D MOSM[?9X[\G\C/_V:O?<>/_OT=6%ZZ^PQ1P9_>/?=N[^]??,#&8,W[]Z\)__W MX^M?Q?0SB-X?SW\X__#]=W\DX_G=^7=K\G__]4;2HX[$Y4)6M4.T(81T:8YM M4ZCTAF$.6;HD`AT[P9J8V,]_PZ<^@R8AG-N`R3`(Q"=OB%A+1)J"FZ?>#\$U M1V*J:45F2`\Z]B=%B&DP6EC:(M*^1S1!E99&.[P]YJ6)M6T`G)Y MC&/Z)C]QG>`?V(G)A.F*A*`J9D5,"V%9)$C:$I,W15E;1!N3H,A#M+D5!J;O MJPAMC)!P6BDJ`JU'PE;'RC3I((U,"X$P?J;/K3(QO*'OM3`-HGE$HUR.4;4N M`D((TR+"()22K*%=-D7Z(80&A4\UC\A45NR:_)*8&)8."QML3!>74)#J'HHU MMM+V"#Z4LAEJT\\I7IE@BP1,J$4<8DC+Q,/2)U2YD0(3*YVQ5;127*1?`%1\Y.M'R#Z-"C&R!,D)4H[3";*E_ MOKZE(1D+,Q'<.LD30WA,SIX=YT#E\/M7.$B3XA>VCU(3R/SG7Q]2(OS4IFZV MUW[HA*Y/#&N4^#V;*5R5U.,)90`UD;=%]L():%H!D5*,TP1X1V6$SZ!@+K48 MSBW`RR0AWT%UWT]$-;?%%/:^L^K)&DC$;'!_T]KV]5B=?GA8/3Z`6VVYB'"M MM(`$1JCS53Y3,RQ@`FUW1=CXDK]`Q2HNE`J,`J8`X;#V?[+.5T@%3LDY\#G, MK3B73K);AA[]S^KWH__B!*0WR3*]=.+X1.*KGYS@V+LLJH8NW((B%@ M"2+LCQKI`CDI*J@1(Q]=U5YP_!1I^ILA0$<'<.AD_DT,8OGP(UH^HHO5^_7M M[?KV/=IX`&''&DG[LB;HZK]`A&*,A*9VR9.`BXNV]L7BRA( MIEI((F,TM[ZMPQ?RVB@^D3ZH!B!-&J@XH]7SMDB5CYF66!$P*/;8Q_`;(C+Q MD'J5!L'ZO/!QPFV-!K")A`NPL1MK84Y>U0WG`Z]V`^.S6$8L_N MLY*\*?D"/H>Y]>8*;S%YLW<9)>5<6=49\&FAG((`26"+`($Y0IF*2!TBEQ!TX7;0@BV\(VQCZ5F@'5^G M:V<5Q^TY.\N(W,::K'4^CRM*^DNQ`+%A=,!Q>KHC0\Z.9/U^]`]TUU!CXB/G M`>7S>I!UHZJL^0(Q@NQ,7D$RS61)WPT:8F)@<-'6"F\X"I(%"KN?!VL71C+O8<+;F^!73%4+'KUOE#KO@H^<,F M)4Q(J)>8`IV0(HSVY@WR]'J8175PT9ST>RH8:R#YO/&=)S_P4Q\GQ$.PM,1= M%'@DDJ#>(CV9II^H\X4VYAHCT):Y&FD9WY&88L) MT/+V"CT\;B[_]N/FYFIU__`'=+6Z7E^N'ZWS&;JRK>1.E)D":G)_ZAC76LDX M0'DD*2J)/LZ2.68R4=$"5&"H$8%DCVF+BX+#DY!#94/<.2>Z3SPP#Z+-!=K! M"=$)TP/REG;G/*C#.60MK?-/Q'B7=1G#[B>'\1Q7'T MR0^?M7=YN"R@'0T?5UNV6"M$I'=/I.O)IBQ`M?[?^"%&T1:Y,?;\=(&BZE`Z M>LK./%OE*8V^2@.5LZ>!V^B@/+SU0W8F^OW1]_(2]/,+'+CWEY@#M=/F'/K9 M/7X4$AE-?7IT($IQ__(0W[CW<`'S_WWH.OZS(D",8OIU(H-P8`BJD%*P)!!J M"YG)\/PDF^%9,2\?C*X$=PR)`20/_DFF$'*@<%&1DOK)@R,YB]ES8([X,5)= M').G0T@X04=,4I2=?),C1FEDS6K8>,"8`SNK8H_F4AC0X2-CF=+PW!(V\^>< MQ?Z+D_HO6&DM3)"1+N,!=P!#BJR;U54T+Q?!3C9Y;7,X0=7>"@\]'$EGE7PP M#M.B!9I8BMI83HJNL(OW3SA&;\\7B!;#LZ18@3FB!V)57'MK%OV?^C)*L@[!Q3,@6G"US_@=Y\O_CW']XL2"#*\K3)/]\P@O.BL9\D M=#.=/HS$E8=!5Q]F&:4?WKY9G'\W;)3`/;M(MY7\>H=X]NP=SV/[1TYPY_C> M.KQT#CZ)J51=NI`<+&-.B*>3TE*V1+0I\D.4-[;"CQL!H65'S@@0EP\$+@-. M+F7RI#A&WNRK5^:0 MLE6K1&7N#;8:KP3D`C_[(=4)=#%1UI;9PKM2YU=99I:@YQ8M>A@N=EAWN'O` MRKJ`'W1PI(!8[1"WG>ONJI@R>Q:TD"G9-_!8055H1SFM#;GN2%SD)F:WZGAL MI>$.Q^Q&*-7`08D57':A"D[!`E9^%1@A1%&,,M+L1@)ZGV%V19@%60N#,.:+ M=.7J'%WM\*(@<&([$AE&!6>-+]=0OY[$PGX^@*8ENUEN6:[M#MC=Z+*"]O%R MG'*3DM\N6%'8N0VBCBO7M,YJOG5N74$Z==?G.WS`-6[--D@,''B3W`*GW<*C MHE4+E#6WRS.K`6FJD<_%88/3XHF9JJ-JT(*KBOSB6SU3,O?UMWH&2GX)+E^3 M)-??VN2AE*`U=>L+V3CNO=[7?*#FOWO&C?:XO+Y5-T=,2`YW(XT(3_>J%]H2 ME4V![^O5&UX%XRZBG7\C]@6'1ZQ]X+NB@S;:-03=K=/LD45V6-I;-WH.232, MXJGZ/6Q/5WN_&U8D M[`@K:X-H(TL6S%0[_LPZGG`Z#CC%X$I-S]2B23.WI+^/HR2YBZ.M?IY/@Q3: M]S1QM(6&/4798XLVI50Z?>!V&MR><^1&R:37Z>:6]Z?5@]V'&V0PM#T;:LV69/+=]>^9)Z`C'U M[&E8."`\G]_CD/0H6(;>TMO[H4][0\\WYOW3=1>J7*$]B3+Z3DI71KA`.2E+ M%V@2%]=#6C6=&`[XN0;8:0*VMK*BGI"KE5M28PGF]K*5CAOB@+4=7IT4W-4U M<(@=1+YP]35M.'Y2MGX2I5K_;W&*`AKX43E&4483A?94%)*(DYI_J]'-K@KI M#L<*T9_4<@B80/LM$;:.@M!VY3W%4][L8+XVIX?%SQ6]\#7=(\O@WD8J>$K. MA<\!1($R!5;V(742,-_1Z#=?C++'%FR\JW36GZ:S1M,WY>Z6*MIQQW#>K"O0 M_FQJ1M8!:UAG:;3QVM]4LP43=!LP^X0IZ M3]9)DV;V?3_'#Q,Z!\?))EQ]IO-R8C1V-`-FL[W"3_J[@?T,H2,'%).!J=#FZYZ3`QTA^)OX(X*'?LJV5FT'O9<;7(5HVC?:M4U8_7:+#QEYC2W*V,3#U6NEZ*9).;<]*FIA%N11R>N(>,RM6S]C_WE'7KPD$8_S MC&^/]+*4S;9S_%7++VDRA?)7NMC;TEO0HYP!RCC0!=J\8$F-B3TN;C383@Z[ M>T3<.A=H).92UZC'T1*USJW,X%(.VNRA7:S^>`Q4=ON\\HA#(%5\6[VVH4HH M>7-=WO.7.0\X$H?2Y%UBR`7-26(WE("Q"ALK#"A M\LUZ*ME*&`"LN]).W,71B^]A[^+T,<'>.BQ3])=NZK]D!3\-D^1-W@#MEHQ& MA3>)8J)RR^N:R#GE,?W2IF3HFF8F* M2L/DE&^SXWBX#>/'=KDZP^:'W&&S)FB94H=[+C>:X,6SA^GY&CO-G][3+$V6 M7:T;"(FX0`<[0G2=()TV/'NB+5&]J56ABCH:6DX0N;5&D.G$1I*C$6<(6,P> M2^RC./7_R5Z>Y:A=^8D;'06,'9=3HRD2B5%!AK[. M"25D=D06@U%U@;$B&![>XC@F!G/KAP[Q?1,4H%7*+/[2 MON6`=+_)4<%%<:K64QZ2]7*9/VWX0()LWRBJ:M)"QU(M)-VLTNJQ15L0&KVV M-D;BR9!29-0@!"@F'6,2E5WA[+^U>4]^#:Q!?6EECH`EI]51N]A_H6G=NGY-C2>TOU-$KJC#!2VJB*U:6S!$6\**)X`UPJF[Z6"! M1P4ZFJD4+2@QA+<_Z_`%A^1M/O<6`45SW6!B3ZS0Q*9H6FI$5DQ2]6%E3SLW MJ5KDWCE"I^G1ZQS@E8A,AP^.[QE6N>WG9Y_S[B!6U*Z<;K+J)^936P.,!1B@ MFBA3P5G96@])5?$,_7.+&;Q9*0*&.^CV))X=4OB%$'E M(:.T=.K>CV_9`\0BORT02$W?W>9BG:+E)=#NG#CEA\6&,PD!>_N\>]]XZ,[2 M2[7&]_2@+.)!%0`?(E*D#;C."U[[+8Y)&>QQ? MX4.4^/KUB%4XVN=I.:@5];"@1`6IU7-I!9PE($\`R$)W*1):0P_986?O(1]5 MUZC#$X?".!1?+#(;\Y62TZ\NTU)UJL+-$>^E:>3+I$3WI&Z"=KM&H M:&IYR>S+/:*G-Q[M(WKKVY]6#U_J$3T%!1ER1$_&?FX30>;>^1$;5O(_QJ2S MQ'*EISOR>=-EZ*W(KP?:1-7!ZW"$GG4&'3 M""OZN4%IYW4D6ZZ3FK`&*715=R ML'4Z>Q<%IEL,@/>M6J,PPN3?KM+@PZ"SI;Y#'?JQ@.Z7T&$7_D:3TTEF^[;H M_'5QLMB\S(X)9\N6]>6CT+?0=;V^7=Y>]BQT@4SXX>#:MK2O(.&]R!Y^$$;3/EF'LYBYG;1&5&,1:GY&(>F_;17OF MF)(*DS<%IB%;"CJH'IHXT%,4Q]$G6DG=NL"A5\G4IN]"+G,;C7M\R"EX5I)">M8D;$?MH.(V*@(IK.&]QHU"W8 M);M@/:4;@4/==X>53=Z[BU/NX&KM;9[_]\-:)\F1EFFD"N?60(51:E>]FR%? MJPYLDI4-I;*7L\%;L(+@Y(-&L?_LATZ`?/*5<5E#,BO3M<66AV$"VZ,=A;7Y MJ-O3T'&?F95\_>[M:V8CZ2^5M:85*[.2JILM^2^M_A4E_8D*BDSF#JU4L0GC M$+2AQ8+S&K,%%6)DXVMY%Q@%IYD:+BI=4N4-8<<8X96W!.40O/[>H1 MK6\O[U?+AQ7Y`]%D!G!/J2YOTD4("?GLE]P<#X>`W4OH!,6]A.MP&\5[%N^9 MGBU49@OM'=7Q=_:^/][=W:P^K&X?ES?H:OUP>;-Y^'B_>D";:U1FWA#)O=[< M?U@^KC>WLV<6S0MK`4CQD>:YP<3W1ZBM/4"`"*T$1[_.A\ MQ@E]/PE6=7T6CP.T>^*BXA25H9<[LE:(-EL@TM`J;Z.#(V4XH%1!6T0TG`2' M'&*F1'W3+1D%\F>5X!YZG(D_!W+6-7"$=$+%V\TMBYIJ M11=NKRS.3)]O>/+1.-^(+L-YN-0+?$:LFEO%N`S3D0842WI=OY.JA@!IB3 M/Q'^HLQLM@P1$?SDQW:*"-T^F@:__L;\+$.P%0\!B%T;26?[=K]-F(X0D67[ M[&4`>(VSUS[NXNCXO"MRSC;;VRA5OLO&B#5P5*8Y#ET7G:=F5#O:E$5FV7(F MJ,S@(V;N=HJL/?U4Q)'15]O;-&RKT#BTS5)$#]^B8)44H[C-(L M4"VR/T-4K"^$4N8TV,;\QHC57N6OA73,JH`0)2T0HN`N;94/T&*&L*72T MH=5_M^Q_&B$\3?_UHPA5"(\[C)P]6UAF)PSX@"P)%:3:(8X+^&0C+`FSFY.* M<&/I>91[MD#CDYG.P>E(F]16*?$##0/4$(MNU2IG&HR.:GN^OIN3VK-5-0QG M&7T[#"=1HGP1'E4C@X*3H$VE)"-PC6S3)$_`<$D"P MK6E$RZ_3@^.$J/@IC9TPH6$I41QQT\HO&5M[6Z*CK7+#9@ MBAQ!(P]5U"HFH+-3,\VY9\-5"&.D/(/1V97@'A@&#$!,T:J9%SY\*TW.8/54 MC3#4V,V=5IQ?!TW>?Q<%OFM0C%K&`2H56(JJ+=(7Q\0/<9*5_'@X[O=.?&*E M*?WGT-_ZKD/"[8HA*CA*;I8#RV?M_YK23%4)^>S'&ZO![_;J$7].+\C+?U-U MM[I_'Q87V[>GA@F?TO+S!J-%D.CHK?1\QU$>RQ[,QQ-[#G M$X),:@48VM+&FJ&\G4W6O_=#B&=*7*I1A4+;5LLX@$Z%1*AZY(0V1:RM'3?0 MZF'94,-YN;F]7-UWSH,#3E_TOH6;?XN4?HHGVM2RJ8948?JG%GSRN4.VXER` MV;E#$374%$*(AKL7:9$W4/L+^\ M?:"U8C:W]JW4&\BTDGO1X3M_I=&G!/]^Q&&Z>J'WK^@Z%C$]E$.1(.INJ!5- M4=;61O_1]X6D?D-(#"UGYO,.,2-H7R##J"!ZMNTE&,'Z>/%`I@ZKVT>T^HG\ MKWU&OE<0%0O+BKC,K5@73N(GFVUK'_B4_:],R[C&1I4;E'%71MO))J"$-'.B M(K7@.MKA<.Y(1XM--FMS_Y[3+&GI_2OPS M,6EGWZU7"@*KZG^$?.96PFO'CW^B)V0^8(>NWM$LMT&S+@V&4$Y+!W-;5"DM M8L2H1FV/5DX#.#M#M:^H[?%[V@(L=8GJW.:_:O)3;>(81R'YT\V^A:J^]ESI MI\L?VJ\:C$CW!L9/C2,G#2;V*/74PW"/J3\*3LCQH@/=PW.J,3DT.%KGDTW5 M0O$^2DWFL^]$N#OL'KNW'C5B#[9,9C4-G MP;_@0D/03DR:1=]/)_8'RKBA7QX=6H,:<+MCAO'(EX::PY&;B`3%Q'CX+W08 MK(D)!JB%?`?2@"^42:!79!>W'"3K,$EC=H(E>4C)9)_]M=GF1[J=X`['[")! M@JFZ[(7\'&7EQF]H=\E_F;";[W;.V#/HV&36KR#3V]KK4>W]J.H`;56^"]7Z MP(Z9UY[DW5B@HB-S6+\!&:.V?`(/QYT+6.BQ_'PZY;%Q)E8TBCULWX5T\]L3 MM4WK^;H%9\'+V>@R27":D#[?5/*3SU"]34C"]V-,"Z2Q#<9>(RUUF2.]%#H0 M'&OL9'I=+04M4/82ILFUUQ1+1!Z]MJ5\$\HVO*&-)_CX:=E%.H)Q.8)/]&76 MA9NC*JQ2(#K.&T>H2>S'V8>L66#:LY>\9\?]@66)?L#I+O(^)M@S"R7'>AOP M53+#1ZM[[K+@V8CR2JZHQA9E?!%E#&Z%YAVFNOEQ:B-RI$-![_2NW97GU\:1 MO=)#M/Y2=@WX1>"XOYT1=A%;+F!L:"%35BAL'WG8IAJN4XSD-1DL[+@[="`_ M+Y#O$9ZLC$NQ/D!'R?GDQ%YS6&CEUH@\R_84LM;[3![91_!#Y#J!>PRP8,2 M)R!H/C@GVHW@Z.%"%HZTWJ'S1"^-8^CJ&A\250].K*[?X1"T!#>7R`0'V$V) M1%DS*QO7W:IU'054K'<>T M.BO+>6*NHP:8WC5BSQQ!22SEMW-+.8`G;['^#,[;RKE`+]\*T?5G:^4Z!G+F MRFBLAR0N92S`9>_B=(%#=T>LPF_+S[YR$FT_'T!#WX=001)+$O0+);+G&*#J M!^RSAW(F\&)9=.(LZ=/%D>0]46_9*UMB$XG@@)=.%OH:RIE/WN M$L^^1><$F/3B!8='?(M3H;K(=U;Y3*"-N@A;9QI&VZ&\X0*1ID!Z,SX:4+4Q MD1F=C7,NA[D5Z(/SWU%\>4S2:$\^K4[0SJ.$+J:5C"[D,WL$N^&U"Q=A71`5R M+P"O]T(A(8UL"'`MZ[C^+7=:?8]"F'NOE6168O4%)*/IV^.G2"]X%E G3P MT`A%@32R*5"V#(!YEH,6AO139-FFKE`C^C=INZ3CZ2=I9>(1&W2@/K&)0"S4 MM)EU?G&4SL/Z&8X$]7N:.A'X,OZ-'^)UBO?*=Z:J<(*>7TA1JNQRTO:($=@W MW>C_A&8+]14;X`5'U<62#AE87GZG_]TSR-5"HAUG*'N[7-I?UA3<[/;(BCRA MO$4#;G3O<$Q_<)[Q^6"SV^!EG>%M(E4I!U116#!_F`67?1Z%(Y]F/J7."*SX MC^+A$=+@-@KC[ED257\TX@O!BP>-,&9JQ8621>WL&,WMKO.#3#>;^A,K^*WQ MW@:F>Q>G\L\??1R3L=^=;H@G#@2[8E([IKR`*5!(!;:Z-\#0W_ MH#PFTZY=)>$J;@'D$1N\3JUR0:<"MOC(^A8[N5.())]#H\'-.$ MJ=:Y6:*/E)4UEIB+4V9^,X(%8B3H?+K%TR$7/NC!ZX-BCT<12Z6>&^'PL4'3 MWNAEH$I9@/L%+BYUS7ICP[:$&:@^`/#>3"QS:KZ+0V^#_KP=SU.]M=E3O370 MI[L#8J6?>CN2GWH+K6<#UAID>XF3+:?,N^TXV3J-;(?2N!939STM M+\X$O+TYARS,M+P&MVFZ(F;"\[!758@K\6RVW8<%M).NUS1_#[1+'3!"G4NV M\]:UBI.+6HDT=@E,MTFIH2>+?/$4HY)5)DCH9E>MQE`@0@_NP(?JCI)W-W[) MX/RVGYTX=L*T5CM2*;V-1P:2W<;M?UOX\D;U&K#0B6U:_?8F[+=^OK=IURW) M^Q9+O#@=CT,S6/,X&GY9VD:.KB_3=9(<:>$M5;<\^#6@N>2#QD>RM;"I^=^* M(=<5HV6*"J86N.6)AN6E"$MX_ABQ`F03#8')>O;4@X`5`Y5)!\8\^=^2D%D>PX@](3R%:#0FL9DT9D4-S)!F64$`Y^ M7.R-X,S,C%8`I_F*+W$?[J>B'O=C68Y[]D1V<1^^Y%TZRCF M=A[W9(2Q3GW,&@&4(ZCWN5/F@3ZSK11F9Y"E9KMJ#2(,9IG=#5+HP+:)0R`B MMM:RY'P$I="T3C=_N=W/_OZXUSM4TR*"*[+;['MGOI,]M^F0S-`N`]8$YLA) M3SG@.L7L(YX` M@8B"=&RAIFIY-RLP&_5Q]/K`+MJ_\%WJ#O"?03[4MQ%Z^ MT-Y-8P14];4@1P4]@+I.A;F$=/)QT,E4`_>0NO*LMW_=Q]0F[?TI"D@<3-/$ MAOI7$4>;/*P0M;;.5AQL=K+*>&MPMHY+Y-!J!RL77FT7*V!GDYH^XG@_IG/- M^-GL5'/$VHI)Z;X0'RJ`R$-@M<>L"^=@3\F8#3CN]TY\VFP?_.?0W_JN M$Z;Y#;1^^'P7!;[K*Z8-Z_,#J2J@A[BS/I-1T^,9-7I4,4`%!U&^[F"H^J?Z MQX%,EW9JD)T*\B'G8$D5``.9%I<'T&$&>6'*^RCRDE&N:6YS@G9^4I0]%S:S M]E_$OR(^HM*UO.OJ1$S M`+NE2(*I+7/U)K;EL_5^&_E=0$+JV64,/[?[87;1LX01N`F78)3+G*T)0I5I?:SZ?`*QO5=6;MH12;];+SEF+VZNU/=I=#:14NTFS^3[NA[_K:C>E M@-9NUNM.%LGJ[^O+C76J78VPDFJ3YO-]_8M[5=6F+:%4F_6R_;4O[I?_;WT# M6GK(H']@MJ?ZTE+;0YK-)WVK][JVAU)`VQ[6ZTX!X_?_N'NTSO14`ZQD>DCS MP;L!&UHMZS)CJ':.1D@&LK;/[7_[:[-&"<+B)>H.30S[0O=Z-X: M;\8;]$RV_D@,V3.Z$2>S3[YQ-,<86+J)-**P*IAL(\9S;?7BS^G1"99/21H[ M;JID_PTYV[S]VQF%`4J=,T._%.P@CV]"#<+7.3?XVIO#E6'P;G&+[6#5OCU2 MKQ]MW6.21GLB"UK^F$,-ZG%Y:-J2E[6A@G=9M+*GA+D&`.(/W_I*CBL#^X%ALS M*1]0?RU'V-G?IZU1WAP\-AX7E9NC`@UV#45(U3/*F`R_LBR*?Z/LG8.?.L$5 M)A&TKS8'%5#"7%PF0-&Y2"MKA_*&*&\)[_]T`;@Y`&\B``87F2DB^,1'8(EO MDZJ#Y$HS+MGC3OOR2%ZFD[C+IX7*V14@Z=R8 MWI"S!:)-;4O;E7T4:<8NEQ!:I,PR=458^+:J!:8+A-DHEAWAFC?4G^Q1@WD6J M(%+WPJ>$C9D[N\IFYL]LO(TCYANP(GLM13#T+M;X M%04S9I\CZ>ET2%V(C9Z#T^_EGFY^HVP;H43@33'L!QS[D?>0.G$Z,H@+)V"7 M/C@I^B\G/-*4A_,%H@HT$8A5Z(T,X3%*G%W3YXE=Q@0HEM6"O9SR< M[')-ST]8M@_RCABE4?8C_DRS?XY^LJ.NW;KH15VPE0(9!780875U4WMYJV<5 M;F5>ZEPUV%'G!Q4%:2#F1MX5[:*Z7;@6CR]0QL""V&DHU/(^7*JO;K3?1V%6 MP]B*"&L<=-F'K)#ZU<3*X7Y'L,A`5U6E(8,RL]F+/N2[0YOMPRZ*T\=B:=%D MDTS."SI^Z$$JVS9C!+5],UOWRE0^IEHY"!FCV>_AP@%-A;HCLZG38^R$B>.R M^G,7I_H3K5O;-#B"7>NF@[I;HHDU0:R-;1MO^M]3?D&<.CM(R37;H.-Q@#:D M7%0]$FCKCISX"ZG=,MHS=H^I_T)G.[Z+8\W].!D+L-53*:[. MHB1MCAGGXG[,:9EL\W*5+:IH6UR!TVW MO'_6P-ZBC?P/HK9CU20=G/Q[N<-^1TZOG;T?Z!0C4.`"DA2L@JYK7PD-Q[YF M9/98*KW/)TY<[6>GUX[+ M[N71,6T\2K#E!QZ*CK=DC5#1RC9S)OX2\EEZEPQ6ALRL&)\'M`D3(.N5+%LM ME^Q+*9DM+H/Y%^I?HN"%GE1L]$9O&;6'"=Q&DAP;YWJ/K#WJ"*$MLWRMS]:S M>23C`';+QV7@),EF^T"3/P0>5!Y/B!E!&T`9QHX5I$W8!CR[R1O.O9H.MD[X M)N0RN_.M=4#H>OD!!X<2+(#CH>@3,$`OJSR@*A%R]H7PV;HQH_(IU4(]&2/0M9(;R?FV_I6BFUF/M?6O/]W(RM^V M4]EN8$^S:8VN[D+<#=C9-9;O>8QCXL^UMY;KI-#&K8F#E]>[0/ES*ZI>JO6; MR@<*(B=$G_QTAQR4[OS80P>6J[3U0R=T?2=@NJ2;+=8998Z`*1_N+.A@ MSQ2O0V*%<)+2F[M9\.O=82(A8>H\*]]JK\,1\@"$,NJ>P\<+5-"S.^P7*&.! M*A[6'!4PAEPBC$E3:UR2ONSVG@=09#?_6MC!.;&:4)LMN]!!GM<&,-1+U.B[:VZYB>(I*[V">AX(%,U1UN]0![ZA]H@-HMC/$]K1*B+OM1P9)2I) M44YKD2,VA%I!JOQSR":E'8,"[I5UY-B@Q)"`X>S:>L2/4>U$CX^3?*:\#+U; M,GS"]1R^"5-E!^;1E?%VU#0K*5$_X^5/X`<-7/M02'$.Z<"'!.0&7:29SE&&^,>-@ER?,4?7Z/=K.N@55-1A^#<8=CB/?L]R?U27-I*0T)9]; M5UCM3N(H!64:N#:D20/E=5H][]SUPHJ2YL\M\"@*W45^DARSHBU>?A#-&K_! MDQ.I,5Q5"3ZTY8\$N(,=HC8&DS?%%\"6 M"35TP0(&=A0"[?-5K;6;+>I@JEG_'HL8TZ"QI)RER9^ET\]O^IDI7ZO M61H?J_*;W&*#;38!&WCO*<+75:*\W'7>E!6Z3A:(M+9JJFB`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`)>/M5"5(#R@LB'&PJ.U+2QD`WAQ*%UF MO#BQ-6K1O:'\)4`9"["E8"DNZ2VAK(S?TPEE&SB`EX3JC[;*^JN$'K)$Z8VD M=I_*MDV;";0M%V'KJUUZ`UO(SV2H]7?`6AP&+U^L?C\2`_J(/Z=')U@^$B*>3UB"8`OLY;?@-N7/N%2+PNQR>;O^8X MT:@L.K\BT43X?(=C/_*RJ)T54-*UJRH&-E^KR\A01E=,^ MU@&'"=NF6'VF?VJO4JERA7;`RNC;$ET29JI[]D1)49T6Y<06K609HV4RG&-T MZQ@Q'R.X,]:3:B6'K,@2YH8+NNB=3TN--HKZN(!=G]*'CG_*+VSSO>IR:K&53E"5G";/;6Z@:?'V"$^V&4'DBY.C2=FVT!:S.$WB/3& M0K9U5*^D>4)U7@NZH=1\;._&DH%P*&XYZ7">_\($;M^,]Z7Z^4&[*07$W6PX M@83;O7&E^FT5KR;H839"-BY?34PVN)1Y@6QYJ2-5EL3$PHVQ26!:MGVF*;3B M#3551K-'3TZ`DWO\@L,C?A]%GDD]$CX/:$<@0-8)=6@SE+=;(-9RFCHDYDMT MBE#NL1L]A_X_B6;%66,+-\0D\J:V!<9C,/OZN,L.JI!^N-A_H9%=LV:YZO2B MGP_43$(!86?U.R=!%](51>EDII<)E(*-6&U9B26TTU+# M+91/D-KD$P"J7P-UL+3#=8W__="1?NK="AAXOFR9A M'*3JRP'YXG5%;>D43`ED\;#8KAW?-^L?CQZ"YT"ZR*ZJ2G?EE7AQA?*`8[2/ MPG1'%RUI$]*6YFNF$?M7O7[VB9Z7HM42_)#\<@P]0LHHLH&JN%)PR'F.,?O+ MDO/8FBJN/67M,!ILE#[0SQ*=>!:UE!Z^5U;3_Q'4_J\%& MY3%*G4#+I'1-:2\/D,BF'UE;[AC%S,9#,Y(Q!667N1@%UZY^HV_:C]*2N$-1 MX<3Q1A^#^8]G'Z+$3[7W2"LZZ-6$&H+N0>OLD45+!0:]!5\$:,N(XDGIG&CV MS9[C4X)_/U*EHK5-]#)AN+1@B2Y\))W-G;(98NWLRT^1?!%Y^@F/$%J>R/N6 MGWUM@RED`VT_Q?AZ!8VV1;_0UO8ECO1\-K5M.`$/"T3P*MH[OO)M-!(&MABW M.B9%P7Z5_")G/Q#)K5V+K=ZI9TYD3DN;%8IO1 M;DJ>BI:4C-R%6,TX]Q"!;0`O!YW(SG7JK(N>3/K.5:5MQQ5SW6):P^X*EU-/I2!>0@T2QDHA)(UTP+: M>Z-:O*%7A#1'@G?VO%8;*V/!?JC7ID-^6#^%9('S'1F^+67K1A1,G6U9'<:` MJD[F?(GOX9A9[^R@,/8V/;K.GQ'H,06;B6EB[]'N!@]4,$$1H')/`GOY_!SC M9R?%Q`7'[LY)R!_T%OBVIH,[Y$$R+I^U:G$$U.D[^F'N<,P,S@!7W>)CD5MN M(^Q14M:<%F#/7+"=OK8/TYUU>FM,ED_HI[!^=$9SG)9DO71E6=8I<. MRN]Q$'!.6^=-J'311E844-;NN5M;M:V M!/+?LT/-80'M4/BXNMO_6:OB4.4"1#/&!"(Z2`GN,R2"IIC,T*5G0I8!O2&, M_DK^)O^A]QN0!_\#4$L#!!0````(`,MZ=$?&UL550)``/]@$]6_8!/5G5X"P`!!"4.```$.0$` M`.U=6W/;.+)^/U7G/Z2RSXDCR3,[F=K9+?FZKG$LE^W9V?/$HDE(X@Y%*KPX M]OSZ`_`BD2*N)*@FL7F99!0TB`\?+HWN1N-O_WC=^.]>4!1[8?#+^\G'3^_? MH<`)72]8_?+^MZ>K#S^]?_>/O__O__S-]X(_GNT8O<,"0?S+^W62;'\^.?GV M[=O'U^?(_QA&JY/IIT^SD[+@^[SDSZ^Q5RO];5:6G9S\^\OMH[-&&_N#%\2) M'3A[*5(-36[R^?/GD^Q?<='8^SG.Y&]#QTXR",)VO6.6(/_WH2SV@?ST83+] M,)M\?(W=]Z0/HM!'#VCY+OO\S\G;%OWR/O8V6Y\T._MM':'E+^\#VUEA^_?D7I_>[BI-9[4X8?/MI\@ M9QV$?KCR4/S1"3%.6Z/$D&_G*TGR]A3906P[V5QLU21F91T;^9@^Q^AKBF?9Y0N9:JT:UZA$ MT]S$^^)C/FL6R\?]K)GO9LU],6ON=R\6!^^$G^]GOOA`I?4O# M"M"AU17Q8P^I"Y38GG^D$55^#`CDY*@H)U`PIT>%.86".3LJS!D4S"?TFJ0M M]?^NW]2HI'599VCU:%BPNS2I*J^O*5VXIE2C1;/LTDOU&GK2,[LT4%2G9JVS M2U-9=2DUD69.\J,H_T*`5J0SB#'I,S$F37[,0!0_W]K/B#$RJY:IS[6Z2%[F70KJD'TD=M\V."!V"'5E?DC]3NIS"Q_58MKD@>J:UWJ%W? M[N2.U:Q"O4ML(Q7CIRDQUM[@9M0;B/0L%+K&G MY;^2"K09F3.G0.C4/N@3,WP8B=9P\HO%JWS^'"<1WC?*BGR".*O>DI:U/KU_ M=R+=R*)3L@Z/D?-Q%;Z1@3FE1<[MO]_ MR(ZPHG6!MRY&W[.*6Z>CI($'IV!D=FQ&2C1/N%H&"]4BU@^C[/E#"$5OGT+U M]NZ4P1G\U++6CZ/N_P:6@H@?H(C8S\4K_$LLH.*@M/7749-!05/0\2,L'?DH MD2>D4M[ZR0!*#O`4I/P51DV]\GP4G>/IN@HCOI):*VE]'B41#"0%!3\!G13" MS28,'I/0^>-QC=''BS0AH6DO'TPPGRD[C\)3-D5`96\;.UBSA:+*^\`#?( MPTM/&'L":X:*>'N#1GM8\SC&O2H!H%X0RK2AVIWU&<'&PK1M8'Q+A`\BN86; MT_ZL\4G%&@G#9'%JDB;TH#R4K83-#(]!2N,-()+$,^*5GOQ!?($OMD]<5_/D MW(ZB-[QB_\OV4]HQ2$D>RC8C))#.MS0F3?R_H.@YA)O*>8Q!_(`;4L?$ MVWV$MK;G7KYN41`C\<2DEHJ`183!#X;E`6W)(SSN%N\!6RH'9WE0Y;+;:#'5'2%>) M&-@HI&8\R)JK37D!7#5O/?O9\[W$0UG,.K'RKD,?XXKS4&()6Y!L%=8$V#[4 MS>ZG!-.,%;<"6=XTR!:R)L!V(R4*A:.`ALXH"]*]_4:,)_*VH[J`-0$V&PFX MXAN/*%A,)+=R'V/?3?)44\6M";"=20?Q;&1FK.T8;I3BEC:ZBD\^7<::`-NC MVC+.@6.&^GV>QDFX05%QO)`@F2%A38!M5*THYH$QP?;XN`ZCY`E%F[,PBL)O M7K#B';4HI:T)L.FJ%:TL(+H,D"Y:>D%V+KA./3?//'7TF1L&>.E(/.*^"A,D MKXWQ!:T)L%&KW3P68])FPX1T):3H*515R=A"UA38^-6*:P$>=N#LF/;E"Q1Y M+YB.%Z2D@?'$K"FP":T=VR)$[)C<\&#-FZ@-)UA(@]]*.`G(\G#M.NDDSG?("'^X< MC[=2BX6M*;#!JQ7MDKC,L'PU>TAI;[:FP/:N5@PS*H[>*BMZ7",8!H< MDVR,NF9V8QP,\9)7/=/V]QM?FA5@W+V+*&NGFZF&]RC*[@?*Z<0LZ7'?#9,$ M:(`"W;@5.D^3=1AY?^YG-'\`'$I!7Q[31CP-F"Z=>E",W\1QJL9V+@%]>TPS MTWM0VG;7(;',OP`O(P9]>TPSWP?(>O,BPZI4HM<^CG[9#;<2[1HEH4$Q)""4 MI@?T@H(4\3SS91%H]8?3:RR3PK[A1L3'D3M-B^5U&+KQ8^CSM[=:26@%1IDZ M2OO-L/U=1V$V_'^B.25FPRP:JX)"J35H0I`ZUR M*!/*1:)+Q0"VQR(?U[FZ1@&&ZL\#=^YNO"!+$TN\_P5PGDU$J@+H.^Y<)AE& M6VE@1NRPNQ[*9\DM7LIDYOB^-/3E]_:SNXY!VW5IR&4[6:-(9^_JY. M*`N%"4&(&;B\2T1$YJ6@;[\SV>"0MV^Y$6MJ^>[0>;AY]H*<`.=KZN56CB*8 M,DO7P*%4OA+HB_&*C*L!ZWP(HKW(`I`>"*\A*$[$>M5!2?`;\XKDTIK?^4`T M"`JO;2^(B;*`XD5P^4H4"#QFU[DI,W\"E7VZ%D7PZ0+HT:=C/':*2.1K5RX)?KE97H9O-U7>V` M/!"5L76EO__,CCV'0R*U//C5>64RV3!,N+]QB.["\].$Z_MF2(!?C>],;!6( MMJL<@-3^CKS5&@.:XS7?7J&[=/.,HL6RX>L5S6.E>L#ORRL/`W5X[+3PHQ\< MQ1Q0"9!0K`G\MKVN`<(%N#MI&QP\0;).7_GAMT$\/K!KC%H(:D,,(HJ"Y'#& M[;B/PA/(G$V7*@`=SM(7R8QP"&8?&+&`]6O6A7[AX:@C M1:H[S'#G]>L+@GY-XJBC1JH[S/`@SC=AE'A_9GSFV"Z\.$MS>1^AC9=N>)J/ M2!8Z:N>XHT:J.\R(U+Q`N+6.)])5JL6@0X".O>_4D9OP[@GNJ`AAI>L"Y7]6 MNJ;(#B)WZ4:R$N@(HN,.&+5^T15$"/T^V2'FYKML2D.I*0X>JJ3&J^S88`#M M>OH9A$;21%N^\N9Q+\AQY/PX?@U`:%(?"0PCAZF%(4&%JB\L%M&_( M.SVUA(V`!W`=U\"AV#$F!'HS()-#6ZPK'HE3&?C#+5H#DD1`S0@'P)I8,2&S MZX<18C[J#\$:(:13+ZKM.@7X&_-:!T:BKA-R)/.@%RD MOM2CEW(J`W_+1JM>*@)JQE,)&+6#D!M?X<[PH5I M0"+O![0MMD]RFT^.>Z8,^&LX6KGGPS1$E:R,[XJ'X$UA]A^*@;^-T]L"0$5J MQA90'>L*XX`G!OZ"3F^+`15I9]UQ<.M!Y=%=A>7@0`K\;9W>5@,:T&$\0$VN M*F<$?_H\^Y312W[9#V$2OYPW9K'$?Q*/$2,UG)2<-1VFG5&-8GFHG?VC@YCI M\IVFY7QHS89I;6RW#BCB-L'?E>'%,R%T#[W&G/'!%K)FH[Q0+P!D@@&)0)P' M+OF#N%1>;)]H/7,\X*/H#8]MX M1FDVE,>F*Z@J'P^7`93:\)ANMW[64;9?=M1-L`RCC5U]4(DS'B1KL&;#>3=* M842HH-.E%D`'VN4)>,E3TMR0NGTQ:P;]:K8"2W2>&W",2$Z0!X<]V:\H)L#X MV0B:A:T9]+/8&GBE@C(C`*GLDKLP!BV(NJE]P?4)SZ!!BQ?.US;)2AX[37MY7KL&;`ID(M M9%*L2LJ=`+R7,,9#YD\4&N;][R9H1`,(J M:IT"&_CZ8I6%%?:5$UD.#]1);M2'E+!U"FSP.QK/3/2]/8)R_#<,RG<2[<"- MT\W&CM["9>RM`F_I.3;^:)Y0`J/?AK[GD,B08^>SW+7@OFB!3`IOIA#$,P:/ M^_YL-NP),WB&/_X'SWTF50'TXSJ21]15W?_PI=QUFBPE6Z*-`?C8Q MUOMJ99R)P2RK-A\D&L$;S^S"4&.7VR^4/8+9^/[,M\`6-[K+9%9SQD2T`LXNTOIBS<'ACFK=6'%./;K@]E7):9!O2"(=D/4YG7H M8\+CO#7$2J4V(:3K@)XBS>YFZ#4J@,R9+-5;,D^1'<2XD_!WCGYH8+5#8D*) M1"&F&*M-:I-,H1;H:29#`GWB*8(T9^H]IL\Q^IKB^B])"N&C3[G#[TM%A=)% M0':Q@[9([5HL&>CIP^M8QG[%@V+2V::T=\T#]S&W=RV67"/$_7>[5UL(Y&'@ M>+$\:-1;_E^9"297`?1L:V/WDD=F0+Z)_3NYN.GR[//$H!_M;,.Y"`]L<)<> MJG^+T6)Y&2?>!FMAO%ND]8+0SV.VH;.)`#802]M<=7"'11D##U[\QSENM9>0 MO_&G*DL*_"'+=C.5!PV%V4WU;X@FYR*2!2\ZO8L70?X$Y4MQH`2 M.!->`[M#WRK]%(4!_JN3/VFO.C!4JP)_C++%^&B#L;=8+]"X@<77J67:ZX!$MOSOY\? M-5ATGP3/K-(%H">3%CON#HFFF>0/Q$A_]G:&`F>-Y]$?\U>/YW<1B4*?IMB4 M25),P6,:V26^BW!C>X$2V751Z/.)#'FRM#>1C9OV\BE??+Q"W@N9!%_0YAE% MXGVG(0)]I)`ABTXS#Y$!@1&/-CXE/*`7%*3DF4XAP=3RT,ZU]NPRX9A@L/IB M_R>,RJ=U8\&NW"P,[1)3W8?I"'01";0&W]D;M%C6H`GW7*:,!9SLCLX0P[G) M`P&UKS),>64#%P%[AZ07M*"?J>#U,L721@4`N@T**'GZ%LI1LBMH03\KT9*2 M&H!!9FG;M127DIPHE:+6!/HIA[;$'&`P,D;OU@O038(V2@?_G9`U@4ZAUO7, M7X>BBV(@I>-`*Y8_#EB3H=ENZKQ('0(R$$:$833/KN0%F30B/:ETB-^+69.A M&6QD&!8B,B31]F'?W*.(_&"OT$1E7:Z(69.A66YD^!8BZFT/'H\?:_+=D=4^ M9%TR'@47N`N#J!F>(A/2WO4;8W27:04_;NO[KBO.WG9__:>'(DS"^NT6:RN^ MP*(G5P&TMTTKXX)!)>P(0T9,Y;Y(W$0LM!\JU0/MP),G5S`X9,$:,D9N@FV: MQ%D'381>'XX4M&=/F3_!,*`C-.(X2,,X;<7]=!A^OQZYGYKE"J1!G+6BOI"" M=@[V2'T%H0FF6AT*EHQU5^MWH#V5Q]1*=?77R#W=EWC2D6SU^^M(NQY:+)O_ MR'L#K&N5T%Y9[4.#/@*[=,\0?;Z_VU%D!TGE/AO+O=@L">WU[9ER#FH3U)OF M(,6])G9T\,3`W"3CZ5.8EE M0*U":&-SEU5`':D)2=[Z4`)&F,I-A$=7]K9<"[@,W'&JV;/O:C:(?9?(YYE[ M")W>UQ0=)4R%]=DQJOE]]XSMXK#YBK*$KX[;_*1+"QIZ/-!W_0+(UMX M'6/(V*%!;!7,N#+3.#K,\U^"/W#V;81%&C%1*04>(U#J?PT\CVF.D!'VQ7[U- MNA%25"L''6=QP`"=ID:+#5@]OWB!'%O5'?LMX#7F[S[RJ.Z\9B$C`B9$E-('TT$G&+`]5?NR3)Z;):R/ M$+H)<,M0G#S8B:R!D%<%^-U_N'&CU$6F;:,EX,O7+7(2Y%YX+YZ+`K?%L*)5 M`9Z*8%C#BME%IH6X'P+^5^CC'B3>U@X#JUX)>`Z$80XM2B>9X,'F07Y"T:;E MD"*BX,D5ACF0=EW3VYMFX_&(D^3K*4;\W^079_@,Y/J-Y;=6K6),/N@VV,9M M[#0P_7@;$NEKZ_>$Y$KT?T](/A;:ORW/-#RU+>,?>\QJP#8([H;FGG@5S2^O0O.J:1QW_H340/[,BF M,T1GDPMB8&%U'1+1#S;K^4_4TRX5P!"3$G1(1`_M4&W+21V!D:GH@8U#K9DY MP&""\V?W4/4U"E>1O5WC35N4&I,I`^8UU*=]\+&-7+=\1*M#:$(MA"D#[L?C M4\6@EXMF"/:=&#D?5^'+239NHS="[JS\'\+KK,)K\;-U/J<0N/]'<$<9O]?K M3!TT>ZR4_/-7#B7__-6:`%M6VE!2-'L01[$VG-S<<3BYN;,FP,:0-IP4S1[$ MQM2&DR__YG#RY=_6!#C$O@TG1;-UA6\:RVMK`FR(:$--T>R"FA^&8@U:)&L4G>=MY)]QFR6M*;#Q084' M'H:"E!^'0HK<&>^6>P]5"@(3?`.]['"U]3("M(1S;IYA$ATB'Z".Y2LEV%2Z?T2+%F?:.@-04R MC&@ECX,-.A&B@#$\W&(,TR4YW![3Y]AS/=PA(OKH4M84R*+2'Y<?3WF M_*(6AHI:5J>&CZ''[?[XNP))Z*J\&^A*NXH_[<6.'Y(K7!)W=^@",&GCG_&D MQ=]/B?U'E(:24AKZY@Z[*^F+%`/"$/R&[5F\#8,5WN`V!-P3_I@@((-6'#JE M(X,7.HDL`&:Q*(RUH`M`WZEAD2-'I2FW9XKQP2:,-R>6A[ZW@R;'*8] MB`["B!<]ZTL4SVD@D("^)J.TUG(P#"*R0]L4E9^[/(2C MA\7[*'00S7E`8S8KA]0G/K$@DV&HMSKH-6 M%9DN-SJLIO1[Y"5HL5R2=WCR1F>]5B3F/@]CWM(L%@:_JZ.\1$MBZBT%SY&U MY/W;:[LGEO;=-=^0R$&.1HP'JR-_)D10P;_?C6\ MC]#&2WD)O82RX%D'E?F7@Z0KB@XX=J;EX0KZGE#GTU7E:M!?#7EBK.)<`X+DF+Q[*WZ+Z+76Z0K@7;5B,BD#P$U?.8,"*$7IUD8VH.C1I68;F-\.FL/ M+2]?D9.2';84M'^'3A)#R^'#&#>S%UZ$'%RWD,QZ06A'C@I_ MS9:#N6]8:4+6R&N,L"M[X_F""U5"06B'C0Q/\DC`+N^R>`L#SWE\B\DIZ29P M!%S1"D.[7.3Y8;7>A-SK=6U.'$9$+0_M>FFGG#*AC-S%W<`ESM]"EX#VNC`) MDN1SCV+L")H_PF''BD36S/AV;C]96JONT)[/5J>_VOM'T0"DF.^SPKM MJJAW/X>B2GO'O52V>Z(5VOMPR`&=J6:;#;@FU>Z55NAD99*$-=IL0D[Q<]Q( M+[FRG2Q^1?042*,P?%:S5CL9`\@@\C?IXE+\L@>E.'A&-`8S,C16$(Q[VWM` M+Z'_0N[[U?")E16>''A>-299+.^#",RX2=[E,CWW[3C&RU<2.J*GF)@R\`G: MVMELN'ATA=)!K<853.*UN%$8/K$;EQS&@DR',>Z96K%;31AD\%3L-@TQ M\&QQ#**$IALZDG'S6UNQ;B7NA-$%P%+&:;2;W](2PAT_/Z/&,.8T(ETGBE3. M2X&E>Y/@@N$1/FB\$:;4>O1F]5WW;$MR]QG*!+3*50*6SZT3ZPK8H%."Z;\D M6.LQSB!@RH"E@6O-.1\*],4R7>?>K?U&AC363++LM`)ZJ>7!LL*UII8-PX20 MA/IBA8_Q*+\@([UV[T6L*72Z_FXK]0&2(64FU\7O/`A2V]]=>KW/![8TUW1Q M:PK])$`WWCFH3+@@=I&BI[`2?^6AN-!)YX%[%P:.6`>7J\&:0ENYE,>!`C`3 MKHP=I"7!/24]]4EA:PIM\^HVT7<8=-T=@UW:[\($Q7BU$MQRJA:S9D.*2Y)A ML-'Z@KN?QCP/RS-A@4MQ.9:0MF;0QBY5GF5!%?1_'O?4K:]+%RAV(B\#(KT> M5V2LV1CM8FPH.X/(F*=X'6+%1'^&@BP_K.WOTQ1<(3M)(WE[F5QUUFSYUZ+DD:`QY[+A]U;LW&9E6C M`2BY''ENIGH*&OG-G2ICS<9H5&-#*3D>O5DM;^J5%Y3YI>([Q+>D426LV?B, M9VP@);N=#6;0[`J22/UN1Y%-/`+1(@,8DT1CR.V4>@W;_&!?_&G-?/&M3GS4;F[VN/#\;=6DP&;H#3OIAU.C:+7J/U)75`)CW6(S;%,&-8R1MEK-.QF-SH32]9 MZ&Q9T\K"(O)66,_PL^%2GO^8'FJ1B'4Z%DN9%))=6,F@*-O=#""F^WR:7X71 M#58"`ES%6ZXVXG]F\20";$ M7%4-.@V+6D76Z=B,8RWPE4-DY+:S:]L+8O*Z(8H7P>4KR>6>>O&:8,YMP)Q1 M(92U3L=F2Y.#5'(_ZJSFN[XY"Z,H_(:12MWQV)>V3L=F26.!*/DTP(JV7[*^ M$&\=N5EJ)_*.SJJ0=3I&.Q@'2TFS?D/7\=-77WY-"328UT'SCTMDK*X7!,Y4 M32[IG;UE%B^%1-6'4M!YJIM=RECK^!`,NJ+8.J\?M&V"SY!@"SM$8ABAK;/Z M#5'DDYC$DN;\%@HAQVI(`O#7@NM7I*_E;@73BT/G6"ZU:K+1#*TA-.Y M=E`\:,)1T-B%H1-+,[N:8N)E`C`@=5S6`;G!Z0(?8X+5??XN:6:(RJY%\C9' MH3!4?FH^;XQ-4@J-$4MLO^8XH/-\&\ZEP)AQDY\[O'>.JT<4O7@.XJ?#4JD( M*O^U]A6`BDQ7!@#0^'0_JQSE.,_L&+GGX6:+@CCCZO*5_)5GQI"K`"QW=IN1 MH`#)A&P!>Z=4H1+)>NSX@F`)M]M0+@'%C-0!#:"Y2[H%V35!L$3=6LAN0M&5 M(X!"]O'M^*R'R8`L^ZSF2-CZ1:*PUG^Y!^#D_0(*]4%[#&2($?D0%.&.VW;Y M7_OXI2++]$'S_55,B1$Q#&>%>:]B]O>>&_2;#-W>?Z.VBW!0NXI"-#4AS:M2'##&5&*Z`SP>]A^RA^0"\H2-%U&+J"6[ZTXJ"^ M#06V&$HW`Y$!W,Z=[$8-1N<@[X4L8_5<<#Q3ID`4U+?1F7,9=":\KE3B;)>' M2T(:U*FA;1@(`,+Z-M2V\-Q\]X"\S7.*OT:[9:LB#NNK:$VP,D18WP6#XB]A MD*S]MRN4J:I%>XE'MO"ZT-9O.4%8?T0W6N7`07LH&)0^A8GMJQ,J$(/U.'2C M4P::$5F*T3:,O82G=C#,F`\6X;82'J"3NA=`EP#TR#'KDR#3G M4D@3F/A:"$L&VM?"84F:5GC_2B_$"B^'4,M#>V2X_$A1JMTW`ZM/Y@TM+)=S MDNUHE:G.$NNP6!C<2:.T),OA`?/"'(-QX4HM(P[ML9'CLYINM M0)1:TIER4`X<5>K8JSP7VK@9/W9T%'02"J6%7PV7+D/^`$9"F^@GX&2I:ER) M^=ZC&O<$)RGR8ERW<`VO%P1SS?"YH/-&:?JX2;L-@U4BGQ"#5AS,"=-NJ65" MT.4[&PB3PI65+@#F@Q'R(T=G!<6X9Z:>3!A0+A@)>NA\LF&`&CO8`<+5UBX" M)(P1II:W)L!6*6F>Q#!@`X[DB'KZ%BH1M2MO38`-2IV(JL,PX:[SP=Y_*Q'7 MS1*Q)M!91[NX;^HP=(6-Z`K4/H0F%Y_-E[(FT'E$>0Q0)J,$'`,,^N?A9A,& MV1U,&*_U8:7\":0,;:*M,G`<:$"&MR>Z"X.7^7$@T!_T\E7<)-4+%T M\?96A6JL*61,;NMYK`S1"#5K#QJKE+&'$65LY1K*,S:,>()(8 M3<@X4T&=O?\EL=>S1*PI9!BP#MZ;<'0IY)`4/Z"M_49LMF!3DCKGNT8X?_Y M?U!+`P04````"`#+>G1'RB!C&04*``!Y7P``$0`<`&YA8V'-D550)``/]@$]6_8!/5G5X"P`!!"4.```$.0$``.U<2V_;N!;>%^A_$+R: MNW`4QVWO)&@R2/,8!$CK('&GLQO0$F43I4B7I)+XW]]#2K0EBY*EV)W:-]XT ML@Z_\_HHZI`B^_&/YYAZCUA(PMEIIW=PV/$P"WA(V/BT\W5XW?V]X_UQ]O;- M1QE,<(P\A<08JR\HQG**`GS:F2@U/?']IZ>G`X:",>4C1!4.)HQ3/B98'@0\ M]H\.>^\/C_M:.<4Q9NJ:B_@21RBAZK3S(T&41`2''>_M&_"'R1.MJK7NMV\\ M@RX`G_H'7(RAU6'/__OS[8,)H^/-&Y]0PKX7$,\C02VF[VOQ"$F`]9%2E5#02C(*%%8YJ$! M3Y@2LV*N)0X.QOS1SX3::K]L-4B$@+Y-`4`'!S\'$C=&2 MBM00]HBE4L20XF)V#;\+&>6,);%; M4:B$KT/UH5$76F%!@@)V-3`'TN,I8HPKI/?N(IE/"(JYOZT?U1+L[!)"G M+[[>WS0<"4V4ESQ(]`A[SL(KIHB:W8!F$1M+'8]`HFI;S'T(<408,?[!T.EU M/0O+7R(6>JD.+Z?DH[^LP2I-)`X'[,Q<`W,2=!B$'@,S5-;$A5@H;-8^0#1( M:+4!OY#LC63_@C/)*0EUE_R$J!ZG'R88*_F5H20D9CC5'#1HYV;B"-+_`$G# M&15Y15ZFR4M5>;_-E?UG3TE-JN\0O`G4!"L"[C7EIPARD]5_&5G>;P7E>_+2 MC,TS*0?18(J%<:3NP5H%<)/VKHZTA4J/1]Y"Z?Y9JZ7K`LG)->5/3=ERM'>3 M];XY65JG9Y3NR3)D?4HD85A*>(G+)(Z1F/%(DC&#J5B`(-C`E-I?,8-_)L7N*1RBID?>7.WN_+V=-M7W'2KGXD4/VG M:4Y06DFHV%(A)F(_J6B)-9J74F=[>X7)Z,[QG%'AY M#:\XY0_)2.(?"<1U]:CK@C35I;ON%/>64[S`>2GP%6?6OKS/69B]N@=1[L6] M>&_;U[;]6RPJVL/=7!UMJ+B`J5AVM:\43T0R.WMFVW/3 M6X_:7@6WFYHTS[GU>GMVV]-SM!Z[1Q7LEJ;F:[-[M&>W/3W]]=CM5[!;6CI8 MF]W^GMWV]`SQLTKL=YYUE;B9+JUUK,UT9N\U\YU?VBR43RZ!DY>CTB))8>ES M7^]D54C=]I+"PC5J]1[*ASKU04*JH3NU)=6!4JKU_\W&=?_ MZ"V[]SCRS-[7$[T#[[0C23REN)/=FYB=AIJ`KMU"_`^$=/`<4]M$:Z[9B6LH M6LY"9MBJR#8?UN_-!25\BH4"[GWK?,??0#R0\+;Q%#G:JF@H&K6-!B"8;ET@ MT*_;!K+T*&PV'-]N0(6KQ;94$$`D7"B/.;?[5VU+3T\*W/+`J*F!Z%]=B^OJ M6]W>4;??.WB68>I8"_OSB%K:M[AV]MU;_AM:M@!M\GT#8[6[["ML&GM.H(^I MDO9.=Z&J:=0UN]/K?''`LNON0D5;'UP'`)HXD9JC2Y1/GC0Q/P"E5YV%PK:.K!\B*&)>8O1%^N87C[2T,BV M!9FK=M97G=II,AA1(0HH/2(=ZT&P]V$=#QH.A3GK:EW+]8<\FGJ3UW*U4-+. MN=KC0DUZA<7HBW9CP8JC)TW2L(Q:@QCWH9EV3G#VY25^U!]1>OD[T^ARCI#9 MP4;C2_T9F_.15,)T2SV+TY7A/\V:I^6E.1]X`O<(&]\H'.NI3\=#6:O3CA*) M+CY-*RCW"`^'!A=`(P1M9&(S9H=S)]UL7"/94+U2OVUX/$E./((YA_Q+4$C0N?;(5-F6\%^ M7B9"/-I0(LZ#'PF19H8(0R1F$LL[1,)!`@1?<*CH8(8!%G3@=X('&(?YWO`B M]"ZDQ?;M:\)`M289IZ$-)Z!@/+F1,M$V!]$7KG"AA[0#[D(R[@0\]"2\80H+ MJ/";I*$Y9!<2<`OU%&W:`YHTWH6@]4.;/<,X'/+\UO#Y6.B0[T)HYT$`T'GO M/`]#'4$Z2A%X:J?VTTXVR#5HO0MA/R@>?-==$8??B)HL3DB8,)W2G7B9ESQ? M&H*7:YB&[7F9=U!_`/U$@9N*`'+R-(+TC/^)LO=?R,Y& M!DLBTOKOAH%E4_[+:Z1OT@2?0U^+I^9#V&>L)CS\*F$(T29=(6]`U[:EYR*1 MBL/$;\#P9QR/L,B%ZY`5W`]YC`C[91W4NC=\XI6NYV1;Z?I$X.J\%Z3;Y/XW M)`1B:C&URH_A+N':`W;Z]4+]S/%:/\=_Z>=X$%U!RG4MD191^K]LJ:;;;:LMZE_?N/BN/453HA"%:3@\$?DX*N2[L-1R M,<$DNGK&0:*KCD$$KF-QC6)"R\-_@[;;]#:`CD6"AYG4`_8-"\KAN.7;%$(V M>8#!5\3E.45V.]_-K/5?]^0/!!D3AJA9MK*?H,YC_6^^DJAKM0O/S3U^Y/01 M'GJ]3IXNT5US<)4(6YJ.-$;O033]SIB9T=HWA?37W7_OF?U!+`0(>`Q0````(`,MZ M=$=?CF;N3UX``%7R!``1`!@```````$```"D@0````!N86-G+3(P,34P.3,P M+GAM;%54!0`#_8!/5G5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`,MZ=$>/ MJHN>I@<``)!R```5`!@```````$```"D@9I>``!N86-G+3(P,34P.3,P7V-A M;"YX;6Q55`4``_V`3U9U>`L``00E#@``!#D!``!02P$"'@,4````"`#+>G1' M91U&UL550%``/]@$]6=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`RWIT M1[2$K16C/```*8D#`!4`&````````0```*2!RWH``&YA8V`Q0````(`,MZ M=$?`L``00E#@``!#D!``!02P$"'@,4````"`#+ M>G1'RB!C&04*``!Y7P``$0`8```````!````I('HVP``;F%C9RTR,#$U,#DS M,"YX`L``00E#@``!#D!``!02P4&``````8`!@`:`@`` &..8````` ` end XML 28 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Revenues $ 254,598 $ 118,944 $ 574,564 $ 387,977
Cost of goods sold 181,966 75,940 409,252 277,936
Gross profit 72,632 43,004 165,312 110,041
Operating expenses:        
Selling, general and administrative expenses 119,247 419,813 584,944 694,930
Net loss from operations (46,615) $ (376,809) (419,632) $ (584,889)
Other income (expenses):        
Other income (expense) $ (215) $ 924
Acquisition expenses $ (275,000)
Interest expense $ (77,877) $ (114,234) $ (452,763) $ (184,159)
Gain (Loss) on debt extinguishment 5,261 (38,664)
Derivative gain (loss) (522,302) $ 981,195 (52,166) $ (863,279)
Net income (loss) $ (641,748) $ 490,152 $ (962,301) $ (1,907,327)
Net income (loss) per share - Basic $ (0.02) $ 0.02 $ (0.04) $ (0.08)
Net income (loss) per share - Diluted $ (0.02) $ (0.01) $ (0.04) $ (0.08)
Weighted average shares outstanding - Basic 25,704,137 24,397,746 25,497,640 24,069,216
Weighted average shares outstanding - Diluted 25,704,137 26,358,751 25,497,640 24,069,216

XML 29 R12.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Sep. 30, 2015
Business and Summary of Significant Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of NAC Global and NAC (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Form 10-K (the “Form 10-K”) filed with the Securities and Exchange Commission on April 15, 2015 as amended. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the financial statements which substantially duplicate the disclosure contained in the audited financial statements for fiscal 2014as reported in the Form 10-K have been omitted.
Principles of consolidation

Principles of consolidation

The consolidated financial statements include the accounts of NAC Global and its wholly-owned subsidiary, NAC. All intercompany accounts and transactions are eliminated in consolidation.
Use of estimates

Use of estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Concentration of risks

Concentration of risks

The Company maintains its cash primarily in one financial institution. The balance, at times may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk to cash.

 

Two customers accounted for approximately 25% and 20% of the Company’s revenues for the nine months ended September 30, 2015. Two customers accounted for approximately 44% and 13% of the Company’s revenues for the nine months ended September 30, 2014. In addition, these customers accounted for 21% and 41% of the Company’s accounts receivable balance at September 30, 2015 and 2014, respectively.


Nine Months Ended September 30, 2015   Customer   Customer 
Sales		     % of 
Total 
Revenue		     Accounts Receivable (AR)     % of AR  
    1   $ 146,099       25 %   $ 22,356       21 %
    2   $ 114,360       20 %   $ 0       0 %
        $ 360,459       45 %   $ 22,356       21 %

 

Nine Months Ended September 30, 2014   Customer   Customer 
Sales		     % of 
Total 
Revenue		     Accounts 
Receivable 
(AR)		     % of AR  
    1   $ 169,776       44 %   $ 15,228       17 %
    2   $ 49,608       13 %   $ 21,528       24 %
        $ 219,384       57 %   $ 36,756       41 %

 

The Company sells to both domestic and international customers. For the nine months ended September 30, 2015 and 2014, revenues generated through transactions with international customers amounted to approximately 32% (20% Hong Kong, 5% Brazil, 4% India, 3% others) and 10% (5% Mexico, 4% India, 1% others), respectively, of the Company’s total revenues.

 

NAC currently purchases all of its drive components from one supplier. The loss of this supplier could cause delays and a possible loss of sales which would affect operating results adversely.
Fair value measurements

Fair value measurements

The carrying amounts reported in the consolidated balance sheets for accounts receivable and payables, inventory and debt are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and, if applicable, the stated rate of interest is equivalent to rates currently available.

 

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows:

 

Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

 

Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

 

Level 3: inputs to the valuation methodology are unobservable and significant to the fair value.

 

The following table presents the derivative financial instruments, the Company’s only financial liabilities measured and recorded at fair value on the Company’s consolidated balance sheets on a recurring basis, and their level within the fair value hierarchy as of September 30, 2015 and December 31, 2014.

 

As of September 30, 2015 Amount  Level 1  Level 2  Level 3 
             
Embedded conversion derivative liability $598,922        $598,922 
Warrant derivatives $267           267 
  $599,189  $-  $-  $599,189 

 

As of December 31, 2014 Amount  Level 1  Level 2  Level 3 
             
Embedded conversion derivative liability $297,215  $-  $-  $297,215 

 

The following table provides a summary of the changes in fair value, including net transfers in and/or out, of the derivative financial instruments, measured at fair value on a recurring basis using significant unobservable inputs:

 

Balance at December 31, 2014 $297,215 
Fair value of embedded conversion derivative liability at issuance  270,116 
Unrealized derivative loss included in other income (expense)  52,166 
Fair value of derivative liability associated with debt converted  (20,308)
Balance at September 30, 2015 $599,189 

 

The fair value of the derivative liability is calculated at the time of issuance and the Company records a derivative liability for the calculated value. The derivative liability is marked to market at each reporting period and changes in the fair value of the derivative liability are recorded in other income (expense) in the consolidated statements of operations.

 

The following are the assumptions used for derivative instruments valued using the Black-Scholes option pricing model:

 

  At
September 30, 2015		  At
December 31, 2014		 
Market value of stock on measurement date $0.05  $0.48%
Risk-free interest rate  .02-0.06%  0.04%
Dividend yield  0%  0%
Volatility factor  244%-314%  151%
Term  0.27-0.48 years   0.33 years 
Recently adopted accounting pronouncements

Recently adopted accounting pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.
XML 30 R11.htm IDEA: XBRL DOCUMENT v3.3.0.814
Subsequent Events
 9 Months Ended
Sep. 30, 2015
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 6 - SUBSEQUENT EVENTS

 

On October 6, 2015, NAC Global Technologies, Inc. (the “Company”) commenced a public offering for the sale of Units (“Units” or each a “Unit”), each Unit consisting of one share of common stock, par value $0.001 per share, two Series A Warrants each to purchase one share of common stock and one Series B warrant to purchase one share of common stock. The purchasers (the “Purchasers”) of the Units each entered into a subscription agreement with the Company. The Company sold 9,500,000 Units at a purchase price of $0.05 per Unit for an aggregate purchase price of $475,000 (the “Offering”) which such amount consisted of $250,000 of cash from certain investors and $225,000 of convertible notes that were exchanged for the Units in this Offering. The closing of the sale of the Units took place on October 9, 2015.

 

On October 14, 2015, the Company paid $85,000 as full repayment of two convertible notes including interest of $12,000 and principle amounts of $46,500 and $26,500.
XML 31 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
Equity (Details) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended
Aug. 06, 2015
May. 05, 2015
Jan. 13, 2015
Apr. 30, 2015
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Equity (Textual)                
Loss on debt extinguishment     $ 8,750   $ 5,261 $ (38,664)
Common stock issued for services       300,000        
Stock-based compensation expense       $ 90,000        
Conversion into common stock, shares 129,870 57,143            
Conversion into common stock $ 10,000 $ 10,000            
Convertible Debt [Member]                
Equity (Textual)                
Loss on debt extinguishment     $ 34,878          
Conversion into common stock, shares     25,000          
XML 32 R19.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies (Details Textual)
 9 Months Ended
Sep. 30, 2015
Customer
Subsidiary
Sep. 30, 2014
Customer
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 32.00% 10.00%
Numberof consolidated subsidiary | Subsidiary 1  
Accounts Receivable [Member]    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 21.00% 41.00%
Number of customers 2 2
Accounts Receivable [Member] | Customer One [Member]    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 21.00% 17.00%
Accounts Receivable [Member] | Customer Two [Member]    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 0.00% 24.00%
Revenues [Member] | HONG KONG    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 20.00%  
Revenues [Member] | INDIA    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 4.00% 4.00%
Revenues [Member] | MEXICO    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage   5.00%
Revenues [Member] | BRAZIL    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 5.00%  
Revenues [Member] | Others Country [Member]    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 3.00% 1.00%
Sales Revenue, Net [Member]    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 45.00% 57.00%
Sales Revenue, Net [Member] | Customer One [Member]    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 25.00% 44.00%
Number of customers 2 2
Sales Revenue, Net [Member] | Customer Two [Member]    
Summary Of Significant Accounting Policies (Textual)    
Concentration Risk, Percentage 20.00% 13.00%
Number of customers 2 2
XML 33 R15.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies (Details) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Concentration Risk [Line Items]      
Accounts receivable $ 107,713   $ 91,480
Concentration Risk, Percentage 32.00% 10.00%  
Accounts Receivable [Member]      
Concentration Risk [Line Items]      
Accounts receivable $ 22,356 $ 36,756  
Concentration Risk, Percentage 21.00% 41.00%  
Accounts Receivable [Member] | Customer One [Member]      
Concentration Risk [Line Items]      
Accounts receivable $ 22,356 $ 15,228  
Concentration Risk, Percentage 21.00% 17.00%  
Accounts Receivable [Member] | Customer Two [Member]      
Concentration Risk [Line Items]      
Accounts receivable $ 0 $ 21,528  
Concentration Risk, Percentage 0.00% 24.00%  
Sales Revenue [Member]      
Concentration Risk [Line Items]      
Customer Sales $ 360,459 $ 219,384  
Concentration Risk, Percentage 45.00% 57.00%  
Sales Revenue [Member] | Customer One [Member]      
Concentration Risk [Line Items]      
Customer Sales $ 146,099 $ 169,776  
Concentration Risk, Percentage 25.00% 44.00%  
Sales Revenue [Member] | Customer Two [Member]      
Concentration Risk [Line Items]      
Customer Sales $ 114,360 $ 49,608  
Concentration Risk, Percentage 20.00% 13.00%  
XML 34 R13.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2015
Business and Summary of Significant Accounting Policies [Abstract]  
Schedule of concentration of accounts receivable
Nine Months Ended September 30, 2015 Customer Customer 
Sales		  % of 
Total 
Revenue		  Accounts Receivable (AR)  % of AR 
  1 $146,099   25% $22,356   21%
  2 $114,360   20% $0   0%
    $360,459   45% $22,356   21%

 

Nine Months Ended September 30, 2014 Customer Customer 
Sales		  % of 
Total 
Revenue		  Accounts 
Receivable 
(AR)		  % of AR 
  1 $169,776   44% $15,228   17%
  2 $49,608   13% $21,528   24%
    $219,384   57% $36,756   41%
Schedule of derrivative liabilities measured and recorded

As of September 30, 2015 Amount  Level 1  Level 2  Level 3 
             
Embedded conversion derivative liability $598,922        $598,922 
Warrant derivatives $267           267 
  $599,189  $-  $-  $599,189 

 

As of December 31, 2014 Amount  Level 1  Level 2  Level 3 
             
Embedded conversion derivative liability $297,215  $-  $-  $297,215 
Schedule of derrivative liabilities measured and recorded on recurring basis

Balance at December 31, 2014 $297,215 
Fair value of embedded conversion derivative liability at issuance  270,116 
Unrealized derivative loss included in other income (expense)  52,166 
Fair value of derivative liability associated with debt converted  (20,308)
Balance at September 30, 2015 $599,189 
Schedule of assumptions used for derivative instruments valued using the Black-Scholes option pricing model

  At
September 30, 2015		  At
December 31, 2014		 
Market value of stock on measurement date $0.05  $0.48%
Risk-free interest rate  .02-0.06%  0.04%
Dividend yield  0%  0%
Volatility factor  244%-314%  151%
Term  0.27-0.48 years   0.33 years 
XML 35 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
Debt (Tables)
 9 Months Ended
Sep. 30, 2015
Debt [Abstract]  
Summary of the activity in convertible notes

Balance at January 1, 2015 $453,579 
Issuance of convertible note  100,000 
Accrued interest added to debt principal  63,123 
Debt discount resulting from derivative liability  (270,116)
Write off of debt discount due to debt extinguishment  26,811 
Debt converted to common stock  (20,000)
Amortization of debt discounts  352,212 
  $705,609 
XML 36 R16.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business and Summary of Significant Accounting Policies (Details 1) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Embedded conversion derivative liability $ 598,922 $ 297,215
Warrant derivatives 267  
Derivative liability $ 599,189 $ 297,215
Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Embedded conversion derivative liability
Warrant derivatives  
Derivative liability  
Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Embedded conversion derivative liability
Warrant derivatives  
Derivative liability  
Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Embedded conversion derivative liability $ 598,922 $ 297,215
Warrant derivatives 267  
Derivative liability $ 599,189  
XML 37 R21.htm IDEA: XBRL DOCUMENT v3.3.0.814
Debt (Details) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Debt Instrument [Line Items]    
Issuance of convertible note $ 81,000 $ 134,000
Accrued interest added to debt principal 63,123
Debt discount resulting from derivative liability 270,116 $ 341,897
Amortization of debt discount 392,376 $ 149,768
Convertible Debt [Member]    
Debt Instrument [Line Items]    
Balance at January 1, 2015 453,579  
Issuance of convertible note 100,000  
Accrued interest added to debt principal 63,123  
Debt discount resulting from derivative liability (270,116)  
Write off of debt discount due to debt extinguishment 26,811  
Debt converted to common stock (20,000)  
Amortization of debt discount 352,212  
Total $ 705,609  
XML 38 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (962,301) $ (1,907,327)
Adjustments to reconcile net loss to net cash used in operating activities    
Stock compensation expense 90,000 190,375
Derivative loss 52,166 $ 863,279
Loss on debt extinguishment 38,664
Amortization on of debt discount and deferred financing 392,376 $ 149,768
Depreciation expense 419 140
Changes in operating assets and liabilities    
Accounts receivable (16,233) 3,624
Inventory 180 $ (11,322)
Prepaid Expenses 16,500
Accounts payable 244,160 $ 303,855
Accounts payable - related party (47,617) 138,414
Accrued expenses 79,814 60,331
Customer deposits (32,708) 22,240
Net cash used in operating activities $ (79,164) (186,623)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for purchase of fixed assets (1,676)
Cash paid for intangible assets (4,482)
Deposits $ 63,800 (13,500)
Net cash provided by (used in) investing activities 63,800 $ (19,658)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term debt 23,664
Payments of short-term debt (36,835) $ (18,592)
Proceeds from short-term debt - related parties 25,000 160,000
Payments of short-term debt - related parties (56,000) (16,500)
Proceeds from convertible debt, net of original issue discounts and fees $ 81,000 134,000
Payment of deferred offering costs (51,647)
Net cash provided by financing activities $ 36,829 207,261
NET INCREASE IN CASH 21,465 980
CASH AT BEGINNING OF PERIOD 8,224 10,269
CASH AT END OF PERIOD 29,689 11,249
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid $ 21,644 $ 12,714
Income taxes paid
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES    
Debt discount resulting from derivative liability $ 270,116 $ 341,897
Acquisition expenses paid out on convertible debt proceeds $ 275,000
Deferred financing fees paid through issuance of note $ 9,000
Prepaid interest paid though issuance of note 6,000
Legal fees paid through issuance of note 10,000
Debt converted to equity 20,000
Accrued interest added to debt principal $ 63,123
Shares issued with debt $ 13,636
Shares issued with deferred financing costs $ 1,875
XML 39 R10.htm IDEA: XBRL DOCUMENT v3.3.0.814
Related Party Transactions
 9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

 

The Company recognized revenues for products sold to Conic amounting to $13,445 and $11,746 for the nine months ended September 30, 2015 and 2014, respectively. As of September 30, 2015 and 2014, outstanding accounts receivable from Conic for such sales were $0 and $4,346, respectively.

 

Conic also bills the Company for certain expenses related to payroll and employee benefits, rent and occupancy costs, advertising, travel expenses and other expenses paid for by Conic on behalf of NAC. Payroll and employee benefits billed to NAC were for personnel who spend a percentage of their time on NAC’s operations. The administrative and warehouse facilities used by NAC are owned by the majority shareholder, our Chief Executive Officer, Vincent Genovese, and the allocable cost related to the use of these facilities are likewise charged to NAC by Conic. For the nine months ended September 30, 2015, Conic billed the Company a monthly fee of $7,528 or a total of $67,752 for services and reimbursement of expenses of $13,906. Services provided include warehouse, IT systems, equipment use, factory labor, engineering, shipping and receiving. The outstanding amount payable to Conic related to the above expenses amounted to $97,029 as of September 30, 2015. 

 

On May 5, 2015, Mr. Genovese refunded the Company the $63,800 deposit held in connection with the planned acquisition of Conic.
XML 40 FilingSummary.xml IDEA: XBRL DOCUMENT 3.3.0.814 html 93 159 1 false 29 0 false 6 false false R1.htm 001 - Document - Document and Entity Information Sheet http://www.nacglobaltechnologies.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 002 - Statement - Consolidated Balance Sheets (Unaudited) Sheet http://www.nacglobaltechnologies.com/role/ConsolidatedBalanceSheetsUnaudited Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 003 - Statement - Consolidated Balance Sheets (Unaudited) (Parenthetical) Sheet http://www.nacglobaltechnologies.com/role/ConsolidatedBalanceSheetsUnauditedParenthetical Consolidated Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 004 - Statement - Consolidated Statements of Operations (Unaudited) Sheet http://www.nacglobaltechnologies.com/role/ConsolidatedStatementsOfOperationsUnaudited Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 005 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://www.nacglobaltechnologies.com/role/ConsolidatedStatementsOfCashFlowsUnaudited Consolidated Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 006 - Disclosure - Business and Summary of Significant Accounting Policies Sheet http://www.nacglobaltechnologies.com/role/Businessandsummaryofsignificantaccountingpolicies Business and Summary of Significant Accounting Policies Notes 6 false false R7.htm 007 - Disclosure - Going Concern Sheet http://www.nacglobaltechnologies.com/role/GoingConcern Going Concern Notes 7 false false R8.htm 008 - Disclosure - Debt Sheet http://www.nacglobaltechnologies.com/role/Debt Debt Notes 8 false false R9.htm 009 - Disclosure - Equity Sheet http://www.nacglobaltechnologies.com/role/Equity Equity Notes 9 false false R10.htm 010 - Disclosure - Related Party Transactions Sheet http://www.nacglobaltechnologies.com/role/RelatedPartyTransactions Related Party Transactions Notes 10 false false R11.htm 011 - Disclosure - Subsequent Events Sheet http://www.nacglobaltechnologies.com/role/SubsequentEvents Subsequent Events Notes 11 false false R12.htm 012 - Disclosure - Business and Summary of Significant Accounting Policies (Policies) Sheet http://www.nacglobaltechnologies.com/role/BusinessAndSummaryOfSignificantAccountingPoliciesPolicies Business and Summary of Significant Accounting Policies (Policies) Policies http://www.nacglobaltechnologies.com/role/Businessandsummaryofsignificantaccountingpolicies 12 false false R13.htm 013 - Disclosure - Business and Summary of Significant Accounting Policies (Tables) Sheet http://www.nacglobaltechnologies.com/role/BusinessandSummaryofSignificantAccountingPoliciesTables Business and Summary of Significant Accounting Policies (Tables) Tables http://www.nacglobaltechnologies.com/role/Businessandsummaryofsignificantaccountingpolicies 13 false false R14.htm 014 - Disclosure - Debt (Tables) Sheet http://www.nacglobaltechnologies.com/role/DebtTables Debt (Tables) Tables http://www.nacglobaltechnologies.com/role/Debt 14 false false R15.htm 015 - Disclosure - Business and Summary of Significant Accounting Policies (Details) Sheet http://www.nacglobaltechnologies.com/role/BusinessAndSummaryOfSignificantAccountingPoliciesDetails Business and Summary of Significant Accounting Policies (Details) Details http://www.nacglobaltechnologies.com/role/BusinessandSummaryofSignificantAccountingPoliciesTables 15 false false R16.htm 016 - Disclosure - Business and Summary of Significant Accounting Policies (Details 1) Sheet http://www.nacglobaltechnologies.com/role/BusinessAndSummaryOfSignificantAccountingPoliciesDetails1 Business and Summary of Significant Accounting Policies (Details 1) Details http://www.nacglobaltechnologies.com/role/BusinessandSummaryofSignificantAccountingPoliciesTables 16 false false R17.htm 017 - Disclosure - Business and Summary of Significant Accounting Policies (Details 2) Sheet http://www.nacglobaltechnologies.com/role/BusinessAndSummaryOfSignificantAccountingPoliciesDetails2 Business and Summary of Significant Accounting Policies (Details 2) Details http://www.nacglobaltechnologies.com/role/BusinessandSummaryofSignificantAccountingPoliciesTables 17 false false R18.htm 018 - Disclosure - Business and Summary of Significant Accounting Policies (Details 3) Sheet http://www.nacglobaltechnologies.com/role/BusinessAndSummaryOfSignificantAccountingPoliciesDetails3 Business and Summary of Significant Accounting Policies (Details 3) Details http://www.nacglobaltechnologies.com/role/BusinessandSummaryofSignificantAccountingPoliciesTables 18 false false R19.htm 019 - Disclosure - Business and Summary of Significant Accounting Policies (Details Textual) Sheet http://www.nacglobaltechnologies.com/role/BusinessAndSummaryOfSignificantAccountingPoliciesDetailsTextual Business and Summary of Significant Accounting Policies (Details Textual) Details http://www.nacglobaltechnologies.com/role/BusinessandSummaryofSignificantAccountingPoliciesTables 19 false false R20.htm 020 - Disclosure - Going Concern (Details) Sheet http://www.nacglobaltechnologies.com/role/GoingConcernDetails Going Concern (Details) Details http://www.nacglobaltechnologies.com/role/GoingConcern 20 false false R21.htm 021 - Disclosure - Debt (Details) Sheet http://www.nacglobaltechnologies.com/role/DebtDetails Debt (Details) Details http://www.nacglobaltechnologies.com/role/DebtTables 21 false false R22.htm 022 - Disclosure - Debt (Details Textual) Sheet http://www.nacglobaltechnologies.com/role/DebtDetailsTextual Debt (Details Textual) Details http://www.nacglobaltechnologies.com/role/DebtTables 22 false false R23.htm 023 - Disclosure - Equity (Details) Sheet http://www.nacglobaltechnologies.com/role/EquityDetails Equity (Details) Details http://www.nacglobaltechnologies.com/role/Equity 23 false false R24.htm 024 - Disclosure - Related Party Transactions (Details) Sheet http://www.nacglobaltechnologies.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://www.nacglobaltechnologies.com/role/RelatedPartyTransactions 24 false false R25.htm 025 - Disclosure - Subsequent Events (Details) Sheet http://www.nacglobaltechnologies.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://www.nacglobaltechnologies.com/role/SubsequentEvents 25 false false All Reports Book All Reports In ''Consolidated Balance Sheets (Unaudited)'', column(s) 2, 4, 5 are contained in other reports, so were removed by flow through suppression. In ''Consolidated Statements of Operations (Unaudited)'', column(s) 1 are contained in other reports, so were removed by flow through suppression. In ''Consolidated Statements of Cash Flows (Unaudited)'', column(s) 1, 3, 4 are contained in other reports, so were removed by flow through suppression. nacg-20150930.xml nacg-20150930_cal.xml nacg-20150930_def.xml nacg-20150930_lab.xml nacg-20150930_pre.xml nacg-20150930.xsd true true XML 41 R20.htm IDEA: XBRL DOCUMENT v3.3.0.814
Going Concern (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Going concern (Textual)        
Net loss $ (641,748) $ 490,152 $ (962,301) $ (1,907,327)
Working capital deficit     $ 2,452,221