0001493152-19-013020.txt : 20190819 0001493152-19-013020.hdr.sgml : 20190819 20190819162736 ACCESSION NUMBER: 0001493152-19-013020 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 72 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190819 DATE AS OF CHANGE: 20190819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Clean Energy Technologies, Inc. CENTRAL INDEX KEY: 0001329606 STANDARD INDUSTRIAL CLASSIFICATION: PRINTED CIRCUIT BOARDS [3672] IRS NUMBER: 202675800 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55656 FILM NUMBER: 191036753 BUSINESS ADDRESS: STREET 1: 2990 REDHILL AVE CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: (949) 273-4990 MAIL ADDRESS: STREET 1: 2990 REDHILL AVE CITY: COSTA MESA STATE: CA ZIP: 92626 FORMER COMPANY: FORMER CONFORMED NAME: Probe Manufacturing Inc DATE OF NAME CHANGE: 20050608 10-Q 1 form10-q.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X]	SIX MONTHS ENDED JUNE 30, 2019 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the six months ended June 30, 2019 period ended: June 30, 2019

or

[ ]	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the transition period from _____________ to _____________

Commission File Number: 333-125678

CLEAN ENERGY TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Nevada		20-2675800
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

2990 Redhill Ave, Costa Mesa, California 92626

(Address of principal executive offices)

(949) 273-4990

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Sections 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. [X] 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). [X] 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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (check one)

Large accelerated filer [ ]		Accelerated filer [ ]
Non-accelerated filer [X]		Smaller reporting company [X]
		Emerging Growth Company [ ]

If an emerging growth company indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

[ ]Yes [X] No

As of August 16, 2019, there were 748,657,656 shares of the Registrant’s $0.001 par value common stock issued and outstanding.

CLEAN ENERGY TECHNOLOGIES, INC.

(A Nevada Corporation)

TABLE OF CONTENTS

		Page
PART I. FINANCIAL INFORMATION

ITEM 1.	CONSOLIDATED FINANCIAL STATEMENTS	3

ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	25

ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	29

ITEM 4.	CONTROLS AND PROCEDURES	29

PART II. OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS	29

ITEM 1A.	RISK FACTORS	29

ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	30

ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	30

ITEM 4.	MINE SAFETY DISCLOSURES	30

ITEM 5.	OTHER INFORMATION	30

ITEM 6.	EXHIBITS	30

Page 2 of 31

Part I – Financial Information

Item 1. Financial Statements

Clean Energy Technologies, Inc.

Consolidated Financial Statements

(Expressed in US dollars)

June 30, 2019 (unaudited)

Financial Statement Index

Consolidated Balance Sheets (unaudited)	4

Consolidated Statements of Operations (unaudited)	5

Consolidated Statements of Stockholders Equity (unaudited)	6

Consolidated Statements of Cash Flows (unaudited)	7

Notes to the Consolidated Financial Statements (unaudited)	8

Page 3 of 31

Clean Energy Technologies, Inc.

Consolidated Balance Sheet

	June 30, 2019			December 31, 2018
	(Un-audited)			(audited)
Assets
Current Assets:
Cash	$	960,328		$	6,456
Accounts receivable - net		646,502			724,845
Inventory		767,530			711,894
Right of use asset - current		227,851			-
Total Current Assets		2,602,211			1,443,195
Property and Equipment - Net		78,438			96,027

Goodwill		747,976			747,976
License		354,322			354,322
Patents		145,261			151,199
Right of use asset - long term		689,246			-
Other Assets		25,400			25,400
Total Non Current assets		1,962,205			1,278,897
Total Assets	$	4,642,854		$	2,818,119

Liabilities and Stockholders’ (Deficit)
Current Liabilities:
Bank Overdraft	$	-		$	5,850
Accounts payable - trade		1,058,640			1,033,375
Accrued Expenses		1,854,988			1,786,796
Accrued Expenses Related party		192,494			123,394
Customer Deposits		309,230			365,815
Warranty Liability		100,000			100,000
Deferred Revenue		47,750			33,000
Derivative Liability		544,522			245,988
Lease Liability - current		227,851			-
Notes Payable - Current (net of discount)		3,053,265			2,775,090
Notes Payable - Current - Related Party		919,934			1,144,505
Total Current Liabilities		8,308,674			7,613,813
Long-Term Debt:
Lease Liability - long term		689,246			-
Net Long-Term Debt		689,246			-
Total Liabilities		8,997,920			7,613,813

Commitments and contingencies	$	-		$	-

Stockholders’ (Deficit)
Preferred D stock, stated value $100 per share; 20,000 shares authorized; 7,500 shares and 7,500 shares issued and 6,500 and 7,500 outstanding respectively		650,000			750,000
Common stock, $.001 par value; 2,000,000,000 shares authorized; 580,157,656 and 555,582,656 shares issued and outstanding respectively		580,159			555,585
Shares to be issued		932,680			262,000
Additional paid-in capital		6,710,402			5,236,456
Accumulated deficit		(13,228,307	)		(11,599,735	)
Total Stockholders’ (Deficit)		(4,355,066	)		(4,795,694	)
Total Liabilities and Stockholders’ Deficit	$	4,642,854		$	2,818,119

The accompanying footnotes are an integral part of these consolidated financial statements

Page 4 of 31

Clean Energy Technologies, Inc.

Consolidated Statement of Operations

For the three and six months ended June 30,

	three months ended June 30, 2019						six months ended June 30, 2019
	2019			2018			2019			2018
Sales	$	104,168		$	539,102		$	328,531		$	711,493
Cost of Goods Sold		62,055			189,244			211,232			332,958
Gross Profit		42,113			349,858			117,299			378,535

General and Administrative
General and Administrative expense		123,450			119,020			208,173			246,094
Salaries		204,564			154,663			407,867			348,725
Professional fees		66,669			66,765			70,685			88,058
Travel		58,305			14,666			86,107			25,634
Facility lease		80,818			68,346			162,852			139,325
Share Based Expense		-			-			-			91,140
Total Expenses		533,806			423,460			935,684			938,976
Net Profit / (Loss) From Operations		(491,693	)		(73,602	)		(818,385	)		(560,441	)

Change in derivative liability		54,803			56,841			(104,930	)		(216,337	)
Gain / (Loss) on disposition of assets		-			10,662			-			4,044
Financing Fees		-			-			-			(378,155	)
Interest Expense		(404,905	)		(292,043	)		(645,257	)		(460,511	)
Net Profit / (Loss) Before Income Taxes		(841,795	)		(298,142	)		(1,568,572	)		(1,611,400	)
Income Tax Expense		-			-			-			-
Net Profit / (Loss)	$	(841,795	)	$	(298,142	)	$	(1,568,572	)	$	(1,611,400	)

Per Share Information:
Basic and diluted weighted average number of common shares outstanding		573,121,330			553,273,461			579,698,041			471,235,772

Net Profit / (Loss) per common share basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Per Share Information:
Diluted weighted average number of common shares outstanding		573,121,330			553,273,461			579,698,041			471,235,772

Net Profit / (Loss) per common share diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

The accompanying footnotes are an integral part of these consolidated financial statements

Page 5 of 31

Clean Energy Technologies, Inc.

Consolidated Statement of Stockholders Equity

June 30, 2019

(un audited)

	Common Stock .001 Par				Preferred Stock						Common Stock to be issued			Additional Paid in			Accumulated			Stock holders’
Description	Shares		Amount		Shares			Amount			Amount			Capital			Deficit			Deficit Totals
December 31, 2017		210,881,122		210,883		7,500			750,000			58,000			3,657,653			(8,789,717	)		(4,113,180	)

Shares issued for Note conversions		26,054,672		26,055		-			-			(58,000	)		203,580						171,635
Shares issued for Services		13,800,000		13,800											59,340						73,140
Shares issued for cash		302,462,667		302,463											604,914						907,377
BCF on 939,500															532,383						532,383
Shares to be issued												18,000									18,000
Net Loss																		(1,313,258	)		(1,313,258	)
March 31, 2018		553,198,461		553,201		7,500			750,000			18,000			5,057,870			(10,102,975	)		(3,723,904	)

BCF on 153K note															127,602						127,602
Net Loss																		(298,142	)		(298,142	)
June 30, 2018		553,198,461		553,201		7,500			750,000			18,000			5,185,472			(10,401,117	)		(3,894,444	)

Shares issued for services		1,500,000		1,499								(18,000	)		16,501			(2	)		(2	)
Net Loss																		(155,382	)		(155,382	)
September 30, 2018		554,698,461		554,700		7,500			750,000			-			5,201,973			(10,556,501	)		(4,049,828	)

Shares to be issued for compensation												262,000									262,000
Shares issued for debt conversion		884,195		884											34,484						35,368
Net Loss																		(1,043,234	)		(1,043,234	)
December 31, 2018		555,582,656		555,584		7,500			750,000			262,000			5,236,457			(11,599,735	)		(4,795,694	)

Shares to be issued for compensation		20,000,000		20,000								(262,000	)		242,000						-
Net Loss																		(726,777	)		(726,777	)
March 31, 2019		575,582,656		575,584		7,500			750,000			-			5,478,457			(12,326,512	)		(5,522,471	)

Shares to be issued		-		-		-			-			932,680			1,066,520			-			1,999,200
Shares from administrative hold		75,000		75		-			-			-			(75	)		-			-
Shares issued for cash		500,000		500		-			-			-			9,500			-			10,000
Preferred shares reclassed		-		-		(200	)		(20,000	)		-			20,000			-			-
Shares issued for Preferred stock conversion		4,000,000		4,000		(800	)		(80,000	)		-			136,000			(60,000	)		-
Net Loss																		(841,795	)		(841,795	)
June 30, 2019		580,157,656		580,159		6,500			650,000			932,680			6,710,402			(13,228,307	)		(4,355,066	)

The accompanying footnotes are an integral part of these consolidated financial statements

Page 6 of 31

Clean Energy Technologies, Inc.

Consolidated Statements of Cash Flows

For the six months ended June 30,

(un-audited)

	2019			2018
Cash Flows from Operating Activities:
Net Income / ( Loss )	$	(1,568,572	)	$	(1,611,400	)
Adjustments to reconcile net loss to net cash
used in operating activities:
Depreciation and amortization		23,527			27,968
Share based compensation		-			91,140
Loss on disposal of fixed assets		-			7,947
Financing fees		-			233,449
Change in Derivative Liability and Debt discount		466,066			379,960
Changes in assets and liabilities:
(Increase) decrease in right of use asset		(917,097	)		-
(Increase) decrease in lease liability		917,097			-
(Increase) decrease in accounts receivable		78,343			(6,381	)
(Increase) decrease in inventory		(55,636	)		(19,885	)
(Increase) decrease in other assets		-			-
(Decrease) increase in accounts payable		25,265			29,334
Other (Decrease) increase in accrued expenses		80,707			68,369
Other (Decrease) increase in accrued expenses -related party		(53,830	)		(133,260	)
Other (Decrease) increase in deferred revenue		14,750			-
Other (Decrease) increase in customer deposits		(56,585	)		-
Net Cash Used In Operating Activities		(1,045,965	)		(932,759	)

Cash Flows from Investing Activities
Purchase property plant and equipment		-			-
Cash Flows Used In Investing Activities		-			-

Cash Flows from Financing Activities
Bank Overdraft / (Repayment)		(5,850	)		(8,585	)
Payments on notes payable		(458,000	)		(198,296	)
Proceeds from stock subscription		1,999,200			-
Proceeds from notes payable and lines of credit		454,487			418,855
Stock issued for cash		10,000			907,377
Cash Flows Provided By Financing Activities		1,999,837			1,119,351

Net (Decrease) Increase in Cash and Cash Equivalents		953,872			186,592
Cash and Cash Equivalents at Beginning of Period		6,456			9,418
Cash and Cash Equivalents at End of Period	$	960,328		$	196,010

Supplemental Cashflow Information:
Interest Paid	$	217,878		$	219,080
Taxes Paid	$	-		$	-

Supplemental Non-Cash Disclosure
Shares issued for Services	$	-		$	91,140
Shares issued for preferred conversions	$	80,000		$	-
Shares issued for note conversions	$	-		$	237,192

The accompanying footnotes are an integral part of these Consolidated financial statements

Page 7 of 31

Clean Energy Technologies, Inc.

Notes to Consolidated Financial Statements (Unaudited)

NOTE 1 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

These unaudited interim consolidated financial statements as of and for the three months ended June 30, 2019, reflect all adjustments which, in the opinion of management, are necessary to fairly state the Company’s financial position and the results of its operations for the periods presented, in accordance with the accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature.

These unaudited interim consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s fiscal year end December 31, 2018, report. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited financial statements for the preceding period, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations for the three and six months ended June 30, 2019, are not necessarily indicative of results for the entire year ending December 31, 2019.

The summary of significant accounting policies of Clean Energy Technologies, Inc. is presented to assist in the understanding of the Company’s financial statements. The financial statements and notes are representations of the Company’s management, who is responsible for their integrity and objectivity.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves.

Cash and Cash Equivalents

We maintain the majority of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per commercial bank. For purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents.

Page 8 of 31

Accounts Receivable

We grant credit to our customers located within the United States of America; and do not require collateral. Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of June 30, 2019, and December 31, 2018, we had a reserve for potentially un-collectable accounts of $57,000. Five (5) customers accounted for approximately 96% of accounts receivable at June 30, 2019. Our trade accounts primarily represent unsecured receivables. Historically, our bad debt write-offs related to these trade accounts have been insignificant.

Inventory

Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of June 30, 2019, and December 31, 2018, we had a reserve for potentially obsolete inventory of $250,000.

Property and Equipment

Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets:

Furniture and fixtures	3 to 7 years
Equipment	7 to 10 years
Leasehold Improvements	7 years

Long –Lived Assets

Our management assesses the recoverability of its long-lived assets by determining whether the depreciation and amortization of long-lived assets over their remaining lives can be recovered through projected undiscounted future cash flows. The amount of long-lived asset impairment if any, is measured based on fair value and is charged to operations in the period in which long-lived assets impairment is determined by management. There can be no assurance however, that market conditions will not change or demand for our services will continue, which could result in impairment of long-lived assets in the future.

Revenue Recognition

The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASC 606”). The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. The following five steps are applied to achieve that core principle for our HRS and Cety Europe and clean energy revenue:

	●	Identify the contract with the customer
	●	Identify the performance obligations in the contract
	●	Determine the transaction price
	●	Allocate the transaction price to the performance obligations in the contract
	●	Recognize revenue when the company satisfies a performance obligation

Page 9 of 31

We also collect deposits with our order. Our customer deposit are recognized as revenue when we have met the contractual obligations. The following is table summarizes the customer deposit activity for the six months ended June 30, 2019:

Customer Deposits as of December 31, 2018	$	365,815
Customer Deposits applied		(56,585	)
New customer Deposits		-
Customer Deposits as of June 30, 2019	$	309,230

We Invoice the customer and the time of the contract and only recognize the revenue when the company satisfies a performance obligation. The following is table summarizes the deferred revenue activity for the six months ended June 30, 2019:

Deferred revenue December 31, 2018	$	33,000
Deferred revenue recognized in the Six months ended June 30, 2019		-
Additional deferred revenue added in the Six months ended June 30, 2019		14,750
Deferred revenue June 30, 2019	$	47,750

The following steps are applied to our contract manufacturing revenue:

	●	We generate a quotation
	●	We receive Purchase orders from our customers.
	●	We build the product to their specification
	●	We invoice at the time of shipment
	●	The terms are typically Net 30 days

Fair Value of Financial Instruments

The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:

	●	Level 1: Quoted prices in active markets for identical assets or liabilities.

	●	Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

	●	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Page 10 of 31

The carrying amounts of the Company’s financial instruments as of December 31 2018 and June 30, 2019, reflect:

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – December 31, 2018	$	–	$	–	$	245,988	$	245,988

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – June 30, 2019	$	–	$	–	$	544,522	$	544,522

The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments.

Other Comprehensive Income

We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods.

Net Profit (Loss) per Common Share

Basic profit / (loss) per share is computed on the basis of the weighted average number of common shares outstanding. At June 30, 2019, we had outstanding common shares of 580,157,656 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents at June 30, 2019 and 2018 were 579,698,041 and 471,235,772, respectively. In addition, we had convertible notes and convertible preferred shares, convertible into of additional common shares of approximately 613 million shares. Fully diluted weighted average common shares and equivalents were withheld from the calculation as they were considered anti-dilutive we also had an adjustment to retained earnings of $60,000 due to the inducement on the conversion of preferred shares.

Research and Development

We had no amounts of research and development expense during the three months ended June 30, 2019 and 2018.

Segment Disclosure

FASB Codification Topic 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments. The Company has three reportable segments: Clean Energy Technologies; Heat recovery solutions and our service center CETY Europe, which provides support services to our currently installed units in Europe. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 for a description of the various product categories manufactured under each of these segments. An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net.

Page 11 of 31

Selected Financial Data:

	Six months ended June 30,
	2019			2018
Net Sales
Electronics Assembly	$	226,206		$	319,399
Clean Energy HRS		46,137			392,094
Cety Europe		56,188			-
Total Sales		328,531			711,493

Segment income and reconciliation before tax
Electronics Assembly		38,720			105,259
Clean Energy HRS		37,463			273,276
Cety Europe		41,116			-
Total Segment income		117,299			378,535

Reconciling items
General and Administrative expense		(208,173	)		(409,717	)
Salaries		(407,867	)		(348,725	)
Professional fees		(70,685	)		(88,058	)
Travel		(86,107	)		(25,634	)
Facility lease		(162,852	)		(139,325	)
Share Based Expense		-			(91,140	)
Change in derivative liability		(104,930	)		(216,337	)
Gain / (Loss) on disposition of assets		-			4,044
Financing fees		-			(378,155	)
Interest expense		(645,257	)		(460,511	)
Net Loss before income tax	$	(1,568,572	)	$	(1,611,400	)

	June 30, 2019		June 30, 2018
Total Assets
Electronics Assembly	$	2,728,606	$	1,303,343
Clean Energy HRS		1,884,847		1,649,116
Cety Europe		29,401		-
	$	4,642,854	$	2,952,459

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Share-Based Compensation

The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation), which supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees,” and its related implementation guidance and eliminates the alternative to use Opinion 25’s intrinsic value method of accounting that was provided in Statement 123 as originally issued. This Statement requires an entity to measure the cost of employee services received in exchange for an award of an equity instruments, which includes grants of stock options and stock warrants, based on the fair value of the award, measured at the grant date (with limited exceptions). Under this standard, the fair value of each award is estimated on the grant date, using an option-pricing model that meets certain requirements. We use the Black-Scholes option-pricing model to estimate the fair value of our equity awards, including stock options and warrants. The Black-Scholes model meets the requirements of SFAS No. 123R; however, the fair values generated may not reflect their actual fair values, as it does not consider certain factors, such as vesting requirements, employee attrition and transferability limitations. The Black-Scholes model valuation is affected by our stock price and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. We estimate the expected volatility and estimated life of our stock options at grant date based on historical volatility; however, due to the thinly traded nature of our stock, we have chosen to use an average of the annual volatility of like companies in our industry. For the “risk-free interest rate,” we use the Constant Maturity Treasury rate on 90-day government securities. The term is equal to the time until the option expires. The dividend yield is not applicable, as the Company has not paid any dividends, nor do we anticipate paying them in the foreseeable future. The fair value of our restricted stock is based on the market value of our free trading common stock, on the grant date calculated using a 20-trading-day average. At the time of grant, the share-based compensation expense is recognized in our financial statements based on awards that are ultimately expected to vest using historical employee attrition rates and the expense is reduced accordingly. It is also adjusted to account for the restricted and thinly traded nature of the shares. The expense is reviewed and adjusted in subsequent periods if actual attrition differs from those estimates.

We re-evaluate the assumptions used to value our share-based awards on a six months ended June 30, 2019 basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the three months ended June 30, 2019 and 2018 we had $0 and $91,140 respectively, in share-based expense, due to the issuance of common stock. As of June 30, 2019, we had no further non-vested expense to be recognized.

Income Taxes

Federal Income taxes are not currently due since we have had losses since inception.

On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the three months ended June 30, 2019 using a Federal Tax Rate of 21%.

Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard required by ASC 740-10-25-5.

Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes.

As of June 30, 2019, we had a net operating loss carry-forward of approximately $(3,988,042) and a deferred tax asset of approximately $837,489 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(837,489). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At June 30, 2019, the Company had not taken any tax positions that would require disclosure under FASB ASC 740.

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	June 30, 2019			December 31, 2018
Deferred Tax Asset	$	837,489		$	515,944
Valuation Allowance		(837,489	)		(515,944	)
Deferred Tax Asset (Net)	$	-		$	-

On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,388 in exchange for the issuance of 302,462,667 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”).

This resulted in a change in control, which limited the net operating to that date forward.

We are subject to taxation in the U.S. and the state of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2015. The Company is current on its federal and state tax returns.

Reclassification

Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported.

Going Concern

The financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had a total stockholder’s deficit of $4,355,066 and an accumulated deficit of $(13,228,307) and a working capital deficit of $5,706,463 and a net loss of $1,568,572 for the six months ended June 30, 2019. Therefore, there is substantial doubt about the ability of the Company to continue as a going concern. There can be no assurance that the Company will achieve its goals and reach profitable operations and is still dependent upon its ability (1) to obtain sufficient debt and/or equity capital and/or (2) to generate positive cash flow from operations.

NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS

The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements.

	●	Update 2019-04—Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments

	●	Update 2019-01—Leases (Topic 842): Codification Improvements

	●	Update 2018-17—Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities

	●	Update 2018-13—Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement

	●	Update 2018-08—Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities

	●	Update 2018-05—Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets

	●	Update 2018-04—Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment

	●	Update 2018-03—Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2017 and November 17, 2017 EITF Meetings (SEC Update)

	●	Update 2018-01—Business Combinations (Topic 805): Clarifying the Definition of a Business

FASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which requires lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. Lessor accounting is similar to the current model, but has been updated to align with certain changes to the lessee model and the new revenue recognition standard. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We have adopted the above ASU as of January 1, 2019. The right of use asset and lease liability have been recorded at the present value of the future minimum lease payments, utilizing a 5% average borrowing rate and the company is utilizing the transition relief and “running off” on current leases.

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NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE

	June 30, 2019			December 31, 2018
Accounts Receivable Trade	$	703,502		$	781,845
Less Reserve for uncollectable accounts		(57,000	)		(57,000	)
Accounts receivable - net	$	646,502		$	724,845

NOTE 4 – INVENTORY

Inventories by major classification were comprised of the following at:

	June 30, 2019			December 31, 2018
Raw Material	$	946,559		$	952,214
Work in Process		70,971			9,680
Total		1,017,530			961,894
Less reserve for excess or obsolete inventory		(250,000	)		(250,000	)
Total Inventory	$	767,530		$	711,894

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment were comprised of the following at:

	June 30, 2019			December 31, 2018
Capital Equipment	$	1,342,794		$	1,342,794
Leasehold improvements		75,436			75,436
Accumulated Depreciation		(1,339,792	)		(1,322,203	)
Property and Equipment - Net	$	78,438		$	96,027

For the six months ended June 30, 2019 we recognized depreciation expense in the amount of $17,586 and for the three months ended June 30, 2019 we recognized depreciation expense in the amount of $8,793

NOTE 6 – INTANGIBLE ASSETS

Intangible assets were comprised of the following at:

	June 30, 2019			December 31, 2018
Goodwill	$	747,976		$	747,976
License		354,322			354,322
Patents		190,789			190,789
Accumulated Amortization		(45,528	)		(39,590	)
Net Intangible Assets	$	1,247,559		$	1,253,497

Our Amortization Expense for the three months ended June 30, 2019 and 2018 was $2,969 and 2,969 respectively.

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NOTE 7 – ACCRUED EXPENSES

	June 30, 2019		December 31, 2018

Accrued Wages	$	209,570	$	224,514
Accrued Interest		549,560		466,425
Accrued Interest Related party		192,495		123,394
Customer Deposit		309,230		365,815
Accrued Payable to GE - TSA		972,231		972,231
Accrued Rents and Moving Expenses		123,626		123,626
	$	2,356,712	$	2,276,005

NOTE 8 – NOTES PAYABLE

The Company issued a short-term note payable to an individual, secured by the assets of the Company, dated September 6, 2013 in the amount of $50,000 and fixed fee amount of $3,500. As of June 30, 2019 the outstanding balance was $38,500.

On November 11, 2013, we entered in to an accounts receivable financing agreement with American Interbanc (now Nations Interbanc). Amounts outstanding under the agreement bear interest at the rate of 2.5% per month. It is secured by the assets of the Company. In addition, it is personally guaranteed by Kambiz Mahdi, our Chief Executive Officer. As of June 30, 2019, the outstanding balance was $1,506,425.

On September 11, 2015, our CE HRS subsidiary issued a promissory note in the initial principal amount $1,400,000 and assumed a pension liability of $100,000, for a total liability of $1,500,000, in connection with our acquisition of the heat recovery solutions, or HRS, assets of General Electric International, Inc., a Delaware corporation (“GEII”), including intellectual property, patents, trademarks, machinery, equipment, tooling and fixtures. The note bears interest at the rate of 2.66% per annum. The note is payable on the following schedule: (a) $200,000 in principal on December 31, 2015 and (b) thereafter, the remaining principal amount of $1,200,000, together with interest thereon, payable in equal six months ended June 30, 2019 installments of principal and interest of $157,609, commencing on December 31, 2016 and continuing until December 31, 2018 at which time the remaining unpaid principal amount of this note and all accrued and unpaid interest thereon shall be due and payable in full

We are currently in default on the payment of the purchase price pursuant to our asset purchase agreement with General Electric due to a combination of our inability to raise sufficient capital as expected and our belief that we are entitled to a reduction in purchase price we paid. We are in the process of negotiations with General Electric.

On September 15, 2016, Meddy Sahebi, Chairman of our previous Board of Directors, advanced the Company $5,000. There were no specified terms for repayment of this loan other than that it was to be repaid within a reasonable time. As of June 30, 2019 the outstanding balance was $5,000.

On June 21, 2018 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $250,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of June 21, 2019. On May 28, 2019 this note was paid in full.

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On September 21, 2018 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $100,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of September 21, 2019. On May 28, 2019 this note was paid in full.

On January 10, 2019 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $25,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of January 10, 2020. On May 28, 2019 this note was paid in full.

On April 15, 2019 we received an advance from an un-related party for $40,000, this advance has no interest rate or repayment terms.

Convertible notes

On September 6, 2016, we entered into a one-year convertible note payable for $87,500, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of fifty-five percent (55%) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the twenty (20) Trading Days immediately preceding the date of conversion. On December 16, 2016 we issued 1,200,000 shares of common stock at $.0031 for a partial conversion of this note in the amount of $3,696. January 4, 2018, we issued 2,300,000 shares of common stock at $.002192 for a partial conversion of this note in the amount of $5,042.

On November 2, 2016, we effected the repayment of the convertible note dated March 15, 2016 for an aggregate amount of $84,000. Concurrently, we entered into an Escrow Funding Agreement with Red Dot Investment, Inc., a California corporation (“Reddot”), pursuant to which Reddot deposited funds into escrow to fund the repayment and we assigned to Reddot our right to acquire the convertible note and Reddot acquired the convertible note. Concurrently, we and Reddot amended the convertible note (a) to have a fixed conversion price of $.005 per share, subject to potential further adjustment in the event of certain Common Stock issuances, (b) to have a fixed interest rate of ten percent (10%) per annum with respect to both the redemption amount and including a financing fee and any costs, expenses, or other fees relating to the convertible note or its enforcement and collection, and any other expense for or on our account (in each case with a minimum 10% yield in the event of payoff or conversion within the first year), such amounts to constitute additional principal under the convertible note, as amended, and (c) as otherwise provided in the Escrow Funding Agreement. The March 2016 convertible note, as so amended, is referred to as the “Master Note.”

On January 9, 2017, we effected the partial repayment of the convertible note dated July 6, 2016. The holder had elected to convert $15,400 ($11,544 in principal and $3,855 in accrued interest) into a total of 7,000,000 shares of Common Stock. The conversion left $66,205 remaining due and payable under the July 2016 convertible note and we paid the note holder a total of $89,401 in repayment. On January 12, 2017, we effected the partial repayment of the convertible note dated September 6, 2016. The holder had elected to retain $26,117 (consisting of $24,228 in principal and $1,899 in interest), leaving $60,941 remaining due and payable under the September 2016 convertible note, which was satisfied and canceled in consideration of the payment to the note holder of $97,506. On January 9, 2017, we effected the repayment in full of the convertible note dated August 12, 2016 through payment to the note holder of a total of $89,401.

Concurrently with the foregoing note repayments, we entered into a Credit Agreement and Promissory Note (the “Credit Agreement”) with Megawell USA Technology Investment Fund I LLC, a Wyoming limited liability company in formation (“MW I”), pursuant to which MW I deposited funds into escrow to fund the repayment of the convertible notes and we assigned to MW I our right to acquire the convertible notes and otherwise agreed that MW I would be subrogated to the rights of each note holder to the extent a note was repaid with funds advanced by MW I. Concurrently, MW I acquired the Master Note and we agreed that all amounts advanced by MG I to or for our benefit would be governed by the terms of the Master Note, including the payment of a financing fees, interest, minimum interest, and convertibility. Reddot is MW I’s agent for purposes of administration of the Credit Agreement and the Master Note and advances thereunder.

The foregoing summary descriptions of the Escrow Funding Agreement (including amendments to the Master Note), the Settlement Agreement, and the Credit Agreement are not complete and are qualified in their entirety by reference to the full texts thereof, copies of which were included as Exhibits 10.02 to our Current Report on Form 8-K dated October 31, 2016 and to Exhibits 10.01 and 10.02 to our Current Report on Form 8-K dated January 4, 2016. The foregoing summary description of the original Master Note is not complete and is qualified in its entirety by reference to the full text thereof, a copy of which was included as Exhibit 10.03 to our Current Report on Form 8-K dated October 31, 2016.

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On May 5, 2017 we entered into a nine-month convertible note payable for $78,000, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of ninety one percent (61%) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. On November 6, 2017 this note was assumed and paid in full at a premium for a total of $116,600 by Cybernaut Zfounder Ventures. An amended term were added to the original note with the interest rate of 14%. This note matured on February 21^st of 2018 and is currently in default.

On May 24, 2017 we entered into a nine-month convertible note payable for $32,000, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of fifty-five eight percent (58%) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. On November 6, 2017 this note was assumed and paid in full at a premium for a total of $95,685, by Cybernaut Zfounder Ventures. An amended term was added to the original note with the interest rate of 14%. This note matured on February 26^th, 2018 and is currently in default.

On August 17, 2017 we entered into a convertible note payable for $68,000, with a maturity date of May 30, 2018, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of fifty-eight percent (58%) of the average of the two lowest trading prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. This note was paid in full on February 15, 2018

On July 25, 2017 we entered into a convertible note payable for $103,000, with a maturity date of April 25, 2018, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of ninety percent (60%) of the average of the two lowest trading prices (as reported by Bloomberg LP) of our common stock for the twenty (20) Trading Days immediately preceding the date of conversion. This note was paid in full on February 15, 2018

On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $939,500 with an interest rate of 10% per annum interest rate and a maturity date of February 13, 2020. The CVL Note is convertible into shares of Common Stock at $0.003 per share, as adjusted as provided therein. As a result we recognized a beneficial conversion feature of $532,383, which is amortized over the life of the note. This note was assigned to Mgw Investments and they agreed not to convert the $939,500 note in to shares in excess of the 800,000,000 Authorized limit until we have increased the Authorized shares to the Board approved limit of 2 billion shares.

On February 8, 2018 the Corporation entered a Convertible Promissory Note in the principal amount of $153,123, due October 8, 2018, with an interest rate of 12% per annum payable to MGWI (the “MGWI Note”). The MGWI Note is convertible into shares of the Corporation’s common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis. The proceeds from the MGWI Note were used to redeem the convertible note of the Corporation to JSJ Investments, Inc. in the principal amount of $103,000 with an interest rate of 12% per annum, due April 25, 2018. At December 31, 2018 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature.

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On December 13, 2018 we entered into a convertible note payable for $83,000, with a maturity date of December 13, 2019, which accrues interest at the rate of 12% per annum. It is convertible six months after its issuance and has a conversion rate of fifty-eight percent (65%) of the average of the two lowest trading prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. On May 28, 2019 this note was paid in full.

February 13, 2019 we entered into a convertible note payable for $138,000, with a maturity date of February 13, 2020, which accrues interest at the rate of 12% per annum. It is convertible six months after its issuance and has a conversion rate of sixty-five percent (65%) of the average of the two lowest closing prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion.

On April 9, 2019 we entered into a convertible note payable for $53,000, with a maturity date of April 9, 2020, which accrues interest at the rate of 12% per annum. It is convertible six months after its issuance and has a conversion rate of sixty-five percent (65%) of the average of the two lowest closing prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion.

Note 9 – Derivative Liabilities

As a result of the convertible notes we recognized the embedded derivative liability on the date of note issuance. We also revalued the remaining derivative liability on the outstanding note balance on the date of the balance sheet. We value the derivative liability using a binomial lattice model with an expected volatility of 163% and a risk free interest rate of 2.09% The remaining derivative liabilities were:

Derivative Liabilities on Convertible Loans:

	June 30, 2019		December 31, 2018

Outstanding Balance	$	544,522	$	245,988

NOTE 10 – COMMITMENTS AND CONTINGENCIES

The company has received an invoice from Oberon Securities for $291,767 which is in dispute. The company believes it has defenses to the claim for compensation and plans to assert appropriate counterclaims and actions as permitted by law. No liability has been recorded for this claim as the Company believes there is a greater than not probability that our Company will prevail in defending against the claim.

Operating Rental Leases

On March 10, 2016, we signed a lease agreement for a 18,200 square-foot CTU Industrial Building at 2990 Redhill Unit A, Costa Mesa, CA. The lease term at the new facility is seven years and two months beginning October 1, 2016. In October of 2018 we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60 day notice for 1,000 Euro per month. Due to the short termination clause, we are treating this as a month to month lease. Future minimum lease payments for the years ended December 31, as follows:

Year	Lease Payment
2019	$	101,870
2020	$	241,884
2021	$	249,132
2022	$	256,608
2023	$	44,052

Our Rent expense including common area maintenance for the three months ended June 30, 2019 and 2018 was $80,818 and $68,346 respectively and for the six months ended June 30, 2019 and 2018 was $162,852 and $139,325 respectively.

Per FASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which requires lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. Lessor accounting is similar to the current model, but has been updated to align with certain changes to the lessee model and the new revenue recognition standard. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We have adopted the above ASU as of January 1, 2019. We have recorded a right of use asset of $917,097 and a corresponding lease liability of $917,097.

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Severance Benefits

Effective at December 31, 2018, Mr. Bennett, was entitled to receive in the event of his termination without cause a severance benefit consisting of a single lump sum cash payment equal the salary that Mr. Bennett would have been entitled to receive through the remainder of his employment period or two (2) years, whichever is greater.

NOTE 11 – CAPITAL STOCK TRANSACTIONS

On April 21, 2005, our Board of Directors and shareholders approved the re-domicile of the Company in the State of Nevada, in connection with which we increased the number of our authorized common shares to 200,000,000 and designated a par value of $.001 per share.

On May 25, 2006, our Board of Directors and shareholders approved an amendment to our Articles of Incorporation to authorize a new series of preferred stock, designated as Series C, and consisting of 15,000 authorized shares.

On , 2017, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 400,000,000 and in the number of our authorized preferred shares to 10,000,000. The amendment effecting the increase in our authorized capital was filed and effective on July 5, 2017.

On August 28, 2018, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 800,000,000. The amendment effecting the increase in our authorized capital was filed and effective on August 23, 2018

On April 30, 2019, by written consent, in lieu of a meeting of the stockholders; our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 2,000,000,000. The amendment effecting the increase in our authorized capital was filed and effective on July 23, 2019

Common Stock Transactions

On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,377 in exchange for the issuance of 302,462,667 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”), as disclosed on form 8K on February 15, 2018.

From January 1 through September 30, 2018 we issued 26,054,672 for partial conversions of our convertible notes. We also issued 13,800,000 shares for additional compensation and 1,500,000 for consulting services.

On October 9, 2018 we issued 884,195 shares @ .04 for payment of an accounts payable in the amount of $35,367.

On February 13, 2019 we issued 20,000,000 @ $.0131 to Kambiz Mahdi our CEO as additional compensation accrued for in 2018 in the amount of $262,000.

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In the first quarter of 2019, we signed agreements to issue 4,000,000 shares of common stock valued at $.015 for a total value of $60,000 for the conversion of 800 preferred series D shares, which were subsequently issued. We also recorded a $60,000 inducement fee to account for the difference in the fair value which we offset to retained earnings.

On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 units (each a “Unit” and together the “Units”) to MGW Investment I Limited MGWI for an aggregate purchase price of $1,999,200, or $.0119 per Unit, with each unit consisting of one share of common stock, par value $.001 per share (the “Common Stock”) and a warrant (the “Warrant”) to purchase one share of common stock. The Common Stock will be issued to MGWI at such time as the Company increases the number of shares of its authorized Common Stock. The Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.

During the quarter ended June 30, 2019 we returned 75,000 from an administrative hold due to the fact that we cannot locate the recipients to the replaced shares.

On June 10, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.

Subsequently on July 18, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.

Common Stock

Our Articles of Incorporation authorize us to issue 2,000,000,000 shares of common stock, par value $0.001 per share. As of June 30, 2018, there were 580,157,656 shares of common stock outstanding. All outstanding shares of common stock are, and the common stock to be issued will be, fully paid and non-assessable. Each share of our common stock has identical rights and privileges in every respect. The holders of our common stock are entitled to vote upon all matters submitted to a vote of our shareholders and are entitled to one vote for each share of common stock held. There are no cumulative voting rights.

The holders of our common stock are entitled to share equally in dividends and other distributions that our Board of Directors may declare from time to time out of funds legally available for that purpose, if any, after the satisfaction of any prior rights and preferences of any outstanding preferred stock. If we liquidate, dissolve or wind up, the holders of common stock shares will be entitled to share ratably in the distribution of all of our assets remaining available for distribution after satisfaction of all our liabilities and our obligations to holders of our outstanding preferred stock.

Preferred Stock

Our Articles of Incorporation authorize us to issue 10,000,000 shares of preferred stock, par value $0.001 per share. Our Board of Directors has the authority to issue additional shares of preferred stock in one or more series, and fix for each series, the designation of and number of shares to be included in each such series. Our Board of Directors is also authorized to set the powers, privileges, preferences, and relative participating, optional or other rights, if any, of the shares of each such series and the qualifications, limitations or restrictions of the shares of each such series.

Unless our Board of Directors provides otherwise, the shares of all series of preferred stock will rank on parity with respect to the payment of dividends and to the distribution of assets upon liquidation. Any issuance by us of shares of our preferred stock may have the effect of delaying, deferring or preventing a change of our control or an unsolicited acquisition proposal. The issuance of preferred stock also could decrease the amount of earnings and assets available for distribution to the holders of common stock or could adversely affect the rights and powers, including voting rights, of the holders of common stock.

We previously authorized 440 shares of Series A Convertible Preferred Stock, 20,000 shares of Series B Convertible Preferred Stock, and 15,000 shares Series C Convertible Preferred Stock. As of August 20, 2006, all series A, B, and C preferred had been converted into common stock.

Effective August 7, 2013, our Board of Directors designated a series of our preferred stock as Series D Preferred Stock, authorizing 15,000 shares. Our Series D Preferred Stock offering terms authorized us to raise up to $1,000,000 with an over-allotment of $500,000 in multiple closings over the course of six months. We received an aggregate of $750,000 in financing in subscription for Series D Preferred Stock, or 7,500 shares.

Page 21 of 31

The following are primary terms of the Series D Preferred Stock. The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5% per annum. Initially, the Series D Preferred Stock was also entitled to be paid special dividends in the event cash dividends were not paid when scheduled. If the Company does not pay the dividend within five (5) business days from the end of the calendar month for which the payment of such dividend to owed, the Company will pay the investor a special dividend of an additional 3.5%. Any unpaid or accrued special dividends will be paid upon a liquidation or redemption. For any other dividends or distributions, the Series D Preferred Stock participates with common stock on an as-converted basis. The Series D Preferred holders may elect to convert the Series D Preferred Stock, in their sole discretion, at any time after a one year (1) year holding period, by sending the Company a notice to convert. The conversion rate is equal to the greater of $0.08 or a 20% discount to the average of the three (3) lowest closing market prices of the common stock during the ten (10) trading day period prior to conversion. The Series D Preferred Stock is redeemable from funds legally available for distribution at the option of the individual holders of the Series D Preferred Stock commencing any time after the one (1) year period from the offering closing at a price equal to the initial purchase price plus all accrued but unpaid dividends, provided, that if the Company gave notice to the investors that it was not in a financial position to redeem the Series D Preferred, the Company and the Series D Preferred holders are obligated to negotiate in good faith for an extension of the redemption period. The Company timely notified the investors that it was not in a financial position to redeem the Series D Preferred and the Company and the investors have engaged in ongoing negotiations to determine an appropriate extension period. The Company may elect to redeem the Series D Preferred Stock any time at a price equal to initial purchase price plus all accrued but unpaid dividends, subject to the investors’ right to convert, by providing written notice about its intent to redeem. Each investor has the right to convert the Series D Preferred Stock at least ten (10) days prior to such redemption by the Company.

In connection with the subscriptions for the Series D Preferred, we issued series F warrants to purchase an aggregate of 375,000 shares of our common stock at $.10 per share and series G warrants to purchase an aggregate of 375,000 shares of our common stock at $.20 per share.

On August 21, 2014, a holder holding 5,000 shares of Preferred Series D Preferred agreed to lower the dividend rate to 13% on its Series D Preferred. In September 2015, all holders of Series D Preferred signed and delivered estoppel agreements, whereby the holders agreed, among other things, that the Series D Preferred was not in default and to reduce (effective as of December 31, 2015) the dividend rate on the Series D Preferred Stock to six percent per annum and to terminate the 3.5% penalty in respect of unpaid dividends accruing on or after such date.

Warrants

Warrant Activity

Page 22 of 31

	Warrants - Common Share Equivalents		Weighted Average Exercise price		Warrants exercisable - Common Share Equivalents		Weighted Average Exercise price
Outstanding December 31, 2018		-	$	-		-	$	-
Issued		168,500,000	$	0.04		168,500,000	$	0.04
Exercised		-		-		-
Expired		-		-		-		-
Outstanding June 30, 2019		168,500,000	$	0.04		168,500,000	$	0.04

Stock Options

As of June 30, 2019, and December 31, 2018 there were no outstanding stock options

NOTE 12 – RELATED PARTY TRANSACTIONS

Kambiz Mahdi, our Chief Executive Officer, owns Billet Electronics, which is distributor of electronic components. From time to time, we purchase parts from Billet Electronics. In addition, Billet was a supplier of parts and had dealings with current and former customers of the Company prior to joining the company. Our Board of Directors has approved the transactions between Billet Electronics and the Company.

On June 15, 2017 Meddy Sahebi Chairman of our Board of Directors advanced the Company $5,000. There were no specified terms for repayment of this loan other than that it was to be repaid within a reasonable time. As of December 31, 2017, the outstanding balance was $5,000. Mr. Sahebi resigned from the board of directors on February 8, 2018 .

Pursuant to our 2017 Stock Compensation Program, effective July 1, 2017, we made the following stock option grants to members of our Board of Directors: (a) we issued to each of our non-employee members of our Board of Directors first joining the Board in October 2015 and who had not received any compensation for serving as directors of the Company (five persons) options to purchase 150,000 shares of our common stock with an exercise price of $.03 per share, the last sale price of our common stock on June 29, 2017 and (b) we issued to each of our non-employee members of our Board of Directors currently serving on the Board (six persons) options to purchase 300,000 shares of our common stock with an exercise price of $.03 per share. On the non-employee board members resigned, as disclosed in our 8K filed on February 15, 2018. As a result, all remaining stock options were cancelled.

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On February 15, 2018 we issued 9,200,000 @ .0053 as additional compensation in the amount of $48,760.

On October 18, 2018 we entered into a 1 year employment agreement with Kambiz Mahdi our CEO, as part of the agreement Mr. Mahdi was to be issued 20,000,000 shares of our common stock, as additional compensation. As a result; for the year ended December 31, 2018 we accrued for and subsequently on February 13, 2019, issued 20,000,000 shares @ $.0131 to Mr. Mahdi in the amount of $262,000.

Note 13 - Warranty Liability

There was no change in our warranty liability for the three and three months ended June 30, 2019.

Our policy is to accrue 2% of revenue for warranty liability, however our experience has been low due to the claim experience that we feel that the current warranty accrual is reasonable.

NOTE 14 – SUBSEQUENT EVENTS

On July 19, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.

In accordance with ASC 855, the Company has analyzed its operations subsequent to June 30, 2019 through the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

Page 24 of 31

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF OPERATION

FORWARD-LOOKING STATEMENTS

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) contains forward-looking statements that involve known and unknown risks, significant uncertainties and other factors that may cause our 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 those forward-looking statements. You can identify forward-looking statements by the use of the words may, will, should, could, expects, plans, anticipates, believes, estimates, predicts, intends, potential, proposed, or continue or the negative of those terms. These statements are only predictions. In evaluating these statements, you should consider various factors which may cause our actual results to differ materially from any forward-looking statements. Although we believe that the exceptions reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

Description of the Company

We were incorporated in California in July 1995 under the name Probe Manufacturing Industries, Inc. We redomiciled to Nevada in April 2005 under the name Probe Manufacturing, Inc. We manufactured electronics and provided services to original equipment manufacturers (OEMs) of industrial, automotive, semiconductor, medical, communication, military, and high technology products. On September 11, 2015 Clean Energy HRS, or “CE HRS”, our wholly owned subsidiary acquired the assets of Heat Recovery Solutions from General Electric International. In November 2015, we changed our name to Clean Energy Technologies, Inc. Our principal executive offices are located at 2990 Redhill Avenue, Costa Mesa, CA 92626

We design, build and deliver power from industrial heating systems and biomass sources to produce environmentally friendly energy at competitive prices using our Clean Cycle^TM heat generators acquired from General Electric International. Our initial principal product is the Clean Cycle^TM heat generator, offered through our wholly owned subsidiary Heat Recovery Solutions, (HRS). The Clean Cycle^TM generator captures waste heat from a variety of sources and turns it into electricity. By using our Clean Cycle^TM generator commercial and industrial heat generators boost their overall energy efficiency and the savings created provide our customers with a fast return on their investment. The Clean Cycle^TM saves fuel, reduces pollution and requires very little maintenance.

Business Overview

General

The Company’s business and operating results are directly affected by changes in overall customer demand, operational costs and performance and leverage of our fixed cost and selling, general and administrative (“SG&A”) infrastructure.

Product sales fluctuate in response to several factors including many that are beyond the Company’s control, such as general economic conditions, interest rates, government regulations, consumer spending, labor availability, and our customers’ production rates and inventory levels. Product sales consist of demand from customers in many different markets with different levels of cyclicality and seasonality.

Operating performance is dependent on the Company’s ability to manage changes in input costs for items such as raw materials, labor, and overhead operating costs. Performance is also affected by manufacturing efficiencies, including items such as on time delivery, quality, scrap, and productivity. Market factors of supply and demand can impact operating costs

Going Concern

Results of Operations

Results for the Three and Six Months Ended June 30, 2019 Compared to the Three and Six Months Ended June 30, 2018

Working Capital

	June 30, 2019			December 31, 2018
Working Capital	$	(5,706,463	)	$	(6,170,618	)
Total Assets		4,617,062			2,818,119
Long term Debt		663,454			-
Stockholder Equity	$	(4,355,066	)	$	(4,795,694	)

Page 25 of 31

Cash Flows

Clean Energy Technologies, Inc.

Condensed Consolidated Statements of Cash Flows

For the six months ended June 30,

(unaudited)

	2019			2018
Net Cash provided / (Used) In Operating Activities	$	(1,045,965	)	$	(932,759	)
Cash Flows Used In Investing Activities		-			-
Cash Flows Provided / (used) By Financing Activities		1,999,837			1,119,351
Net (Decrease) Increase in Cash and Cash Equivalents	$	953,872		$	186,592

Capital Requirements for long-term Obligations

None.

Operating Revenues

The Company’s revenues were $104,168 for the three months ended June 30, 2019 compared to $539,102 for the same period in 2018. Our revenue decrease was mainly due to the decrease in the sales revenue in our HRS Division. Although we had orders due to ship in the six months ended June 30, 2019, our customer reconfigured their order and pushed the shipment out.

The Company’s revenues were $328,531 for the six months ended June 30, 2019 compared to $711,493 for the same period in 2018. Our revenue decrease was mainly due to the decrease in the sales revenue in our HRS Division.

Although we had orders due to ship in the second six months ended June 30, 2019, our customer reconfigured their requirement

Gross Profit

For the three months ended June 30, 2019, the Company’s gross profit was $42,113 compared to $349,858 for the same period in 2018. This decrease was mainly due to the decrease in the sales revenue referenced above.

For the six ended June 30, 2019, the Company’s gross profit was $117,299 compared to $378,535 for the same period in 2018. This decrease was mainly due to the decrease in the sales revenue referenced above.

Our gross profits could vary from period to period and is affected by several factors, including product mix, production efficiencies, component availability and costs, pricing, competition, customer requirements and unanticipated restructuring or inventory charges and potential scrap of materials.

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General and Administrative Expenses

For the three months ended June 30, 2019, general and administrative expenses were $123,450 compared to $119,020 for the same period in 2018. This remained relatively unchanged.

For the six months ended June 30, 2019, general and administrative expenses were $208,173 compared to $246,094 for the same period in 2018. This decrease was mainly due to a decrease in depreciation and consulting.

Salaries Expense

For the three months ended June 30, 2019, Salaries expenses were $204,564 Compared to $154,663 for the same period in 2018. This increase was mainly due to the additional salary from the start up of the Cety Europe Division. In addition, we added a person to the procurement department.

For the six months ended June 30, 2019, Salaries expenses were $407,867 Com5ared to $348,725 for the same period in 2018. This increase was mainly due to the additional salary from the startup of the Cety Europe Division. In addition, we added a person to the procurement department.

Professional Fees

For the three months ended June 30, 2019, professional fees expenses were $66,669 Compared to $66,765 for the same period in 2018. This remained relatively unchanged.For the six months ended June 30, 2019, professional fees were $70,685 Compared to $88,058 for the same period in 2018. This decrease was mainly due to the decrease in legal fees associated with Megawell transaction in the first six months ended June 30, 2019 of 2018.

Travel expense

For the three months ended June 30, 2019, Travel Expense expenses were $58,305, Compared to $14,666 for the same period in 2018. This increase was mainly due to travel expenses associated with the commissioning of the Marshal Island project.

For the six months ended June 30, 2019, Travel expenses were $86,107 Compared to $25,634 for the same period in 2018. This increase was mainly due to travel expenses associated with the commissioning of the Marshal Island project and additional travel associated with the Cety Europe subsidiary.

Facility Expense

For the three months ended June 30, 2019, Facility expenses were $80,818 compared to $68,346 for the same period in 2018. The increase was mainly due to the increase in the contractual lease payments.

For the six months ended June 30, 2019, Facility expenses were $162,852 compared to $139,325 for the same period in 2018. The increase was mainly due to the increase in the contractual lease payments

Share based expense

For the three months ended June 30, 2019, share based expenses were $0 compared to $0 for the same period in 2018.

For the six months ended June 30, 2019, share based expenses were $0 compared to $91,140 for the same period in 2018. The main reason for the change was no shares were issued for compensation in the six months ended June 30, 2019.

Change in Derivative Liability

For the three months ended June 30, 2019, we had a gain on derivative liability of $54,803 compared to $56,841 for the same period in 2018.

For the six months ended June 30, 2019, we had a loss on derivative liability of $(104,930) compared to $(216,337) for the same period in 2018.

Gain/(Loss) on disposition of assets

For the three months ended June 30, 2019, we had a loss on disposition of assets of $0 compared to $10,662 for the same period in 2018. The main reason for the change is we did not dispose of any assets in the three months ended June 30, 2019.

For the six months ended June 30, 2019, we had a loss on disposition of assets of $0 compared to $4,044 for the same period in 2018. The main reason for the change is we did not dispose of any assets in the six months ended June 30, 2019.

Financing Fees

For the three months ended June 30, 2018, we had a financing fees of $0 compared to $0 for the same period in 2017.

For the six months ended June 30, 2018, we had a financing fees of $0 compared to $378,155 for the same period in 2017. This was mainly due to the discount taken on the conversion of our convertible notes into common stock during the first six months ended June 30, 2019 of 2018 and paid off convertible notes at a premium in the same period.

Interest Expense

For the three months ended June 30, 2019, Interest expenses were $404,905 compared to $292,043 for the same period in 2018. This was mainly due to the increase in our notes and lines of credit payable.

For the six months ended June 30, 2019, Interest expenses were $645,257 compared to $460,511 for the same period in 2018. This was mainly due to the increase in our notes and lines of credit payable.

Net Income (loss)

Our net loss for the three months ended June 30, 2019, was $841,795 compared with net loss of $298,142 for the three months ended June 30, 2018. The net loss is influenced by the matters discussed above.

Our net loss for the six months ended June 30, 2019, was $1,568,572 compared with net loss of $1,611,400 for the three months ended June 30, 2018. The net loss is influenced by the matters discussed above.

Page 27 of 31

Liquidity and Capital Resources

The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. Since its inception, the Company has been funded by related parties through capital investment and borrowing of funds.

At June 30, 2019, the Company had total current assets of $2,602,211 compared to $1,443,195 at December 31, 2018.

At June 30, 2019, the Company had total current liabilities of $8,308,674 compared to $7,613,813 at December 31, 2018.

We had working capital deficit of $5,706,463 as of June 30, 2019 compared to $6,170,618 as of December 31, 2018,

Cashflow from Operating Activities

During the six months ended June 30, 2019, cash provided by (used in) operating activities was $(1,045,965) compared to $(932,759) for the three months ended June 30, 2018. The change was mainly due to the change in derivative liability and Financing fee expense.

Cashflow from Investing Activities

During the six months ended June 30, 2019 cash used in investing activities was $0 compared to $0 for the six months ended June 30, 2018.

Cashflow from Financing Activities

During the six months ended June 30, 2019, cash provided by financing activity was $1,999,837 compared to $1,119,351 provided during the six months ended June 30, 2018.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. A complete summary of these policies is included in the notes to our financial statements. In general, management’s estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Recently Issued Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies that are adopted by us as of the specified effective date. Unless otherwise discussed, we believe that the impact of recently issued standards that are not yet effective will not have a material impact on our consolidated financial position or results of operations upon adoption.

Page 28 of 31

Item 3. Quantitative and Qualitative Disclosure about Market Risk.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of June 30, 2019, due to the material weaknesses resulting from the Board of Directors not currently having any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K, and controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements. Please refer to our Annual Report on Form 10-K as filed with the SEC on April 15, 2019, for a complete discussion relating to the foregoing evaluation of Disclosures and Procedures.

Changes in Internal Control over Financial Reporting

Our management has also evaluated our internal control over financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of our last evaluation.

PART II—OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, the Company is involved in litigation incidental to the conduct of its business. The Company is presently not involved in any legal proceedings which in the opinion of management are likely to have a material adverse effect on the Company’s consolidated financial position or results of operations.

Item 1A. Risk Factors.

There have been no material changes in the Company’s risk factors from those previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2018.

Page 29 of 31

Item 2. Unregistered Sales of Equity Securities

On February 13, 2018, Clean Energy Technologies, Inc., entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,377 in exchange for the issuance of 302,462,667 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”).

These securities were issued pursuant to Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder. The holders represented their intention to acquire the securities for investment only and not with a view towards distribution. The investors were given adequate information about us to make an informed investment decision. We did not engage in any general solicitation or advertising. We directed our transfer agent to issue the stock certificates with the appropriate restrictive legend affixed to the restricted stock.

Item 3. Defaults upon Senior Securities

We are currently in default on the payment of $1,200,000, to the balance of the purchase price pursuant to our asset purchase agreement with General Electric International, due to a combination of our inability to raise sufficient capital as expected and our belief that we are entitled to a reduction in purchase price we paid.

We are also in default of $187,285 payments of principal and interest on our notes payable to Cybernaut Zfounder Ventures.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits

The exhibit listed on the Exhibit Index (following the signatures section of this Six months ended June 30, 2019 Report on Form 10-Q are included, or incorporated by reference, in this Six months ended June 30, 2019 Report on Form 10-Q.

EXHIBIT NUMBER	DESCRIPTION

31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	Filed herewith.
31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	Filed herewith.
32.01	Certification of CEO Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
32.02	Certification of CFO Pursuant to Section 906 of the Sarbanes-Oxley Act	Filed herewith.
101.INS*	XBRL Instance Document	Furnished herewith.
101.SCH*	XBRL Taxonomy Extension Schema Document	Furnished herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase Document	Furnished herewith.
101.LAB*	XBRL Taxonomy Extension Labels Linkbase Document	Furnished herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase Document	Furnished herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase Document	Furnished herewith.

*Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

Page 30 of 31

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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, in the City of Costa Mesa, State of California on the 19th day of August, 2019.

Clean Energy Technologies, Inc.
REGISTRANT

By:	/s/ Kambiz Mahdi
	Kambiz Mahdi
	Chief Executive Officer

Date:	August 19, 2019

By:	/s/ John Bennett
	John Bennett
	Chief Financial Officer

Date:	August 19, 2019

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the date indicated.

Signature		Title

By:	/s/ Kambiz Mahdi	Chief Executive Officer and Director
	Kambiz Mahdi	(principal executive officer)

Date:	August 19, 2019

Page 31 of 31

EX-31.1 2 ex31-1.htm

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Kambiz Mahdi, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Clean Energy 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: August 19, 2019

By:

/s/ KAMBIZ MAHDI

Kambiz Mahdi,

Chief Executive Officer

EX-31.2 3 ex31-2.htm

Exhibit 31.2

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, John Bennett, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Clean Energy Technologies, Inc.;

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: August 19, 2019	By:	/s/ JOHN BENNETT
		John Bennett, Chief Financial Officer

EX-32.1 4 ex32-1.htm

EXHIBIT 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to 18 U.S.C. § 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned officer of Clean Energy Technologies, Inc. (the “Company”) hereby certifies, to his knowledge, that:

(i) the accompanying Quarterly Report on Form 10-Q of the Company for the period ended June 30, 2019 (the “Report”) fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

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

August 19, 2019

By:

/s/ Kambiz Mahdi

Date

Kambiz Mahdi

Chief Executive Officer

EX-32.2 5 ex32-2.htm

EXHIBIT 32.2

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

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

August 19, 2019

By:

/s/ John Bennett

Date

John Bennett

Chief Financial Officer

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NOTE 1 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:   These unaudited interim consolidated financial statements as of and for the three months ended June 30, 2019, reflect all adjustments which, in the opinion of management, are necessary to fairly state the Company’s financial position and the results of its operations for the periods presented, in accordance with the accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature.   These unaudited interim consolidated financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s fiscal year end December 31, 2018, report. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited financial statements for the preceding period, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The results of operations for the three and six months ended June 30, 2019, are not necessarily indicative of results for the entire year ending December 31, 2019.   The summary of significant accounting policies of Clean Energy Technologies, Inc. is presented to assist in the understanding of the Company’s financial statements. The financial statements and notes are representations of the Company’s management, who is responsible for their integrity and objectivity.   Estimates   The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves.   Cash and Cash Equivalents   We maintain the majority of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per commercial bank. For purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents.   Accounts Receivable   We grant credit to our customers located within the United States of America; and do not require collateral. Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of June 30, 2019, and December 31, 2018, we had a reserve for potentially un-collectable accounts of $57,000. Five (5) customers accounted for approximately 96% of accounts receivable at June 30, 2019. Our trade accounts primarily represent unsecured receivables. Historically, our bad debt write-offs related to these trade accounts have been insignificant.   Inventory   Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of June 30, 2019, and December 31, 2018, we had a reserve for potentially obsolete inventory of $250,000.   Property and Equipment   Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets:   <table cellspacing="0" cellpadding="0" align="center" style="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 65%; font: 10pt Times New Roman, Times, Serif">Furniture and fixtures </td> <td style="width: 35%; font: 10pt Times New Roman, Times, Serif">3 to 7 years</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif">Equipment </td> <td style="font: 10pt Times New Roman, Times, Serif">7 to 10 years</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif">Leasehold Improvements</td> <td style="font: 10pt Times New Roman, Times, Serif">7 years </td></tr> </table>   Long –Lived Assets   Our management assesses the recoverability of its long-lived assets by determining whether the depreciation and amortization of long-lived assets over their remaining lives can be recovered through projected undiscounted future cash flows. The amount of long-lived asset impairment if any, is measured based on fair value and is charged to operations in the period in which long-lived assets impairment is determined by management. There can be no assurance however, that market conditions will not change or demand for our services will continue, which could result in impairment of long-lived assets in the future.   Revenue Recognition   The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASC 606”). The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. The following five steps are applied to achieve that core principle for our HRS and Cety Europe and clean energy revenue:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 0.5in; font: 10pt Times New Roman, Times, Serif"> </td> <td style="width: 0.15in; font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the contract with the customer</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the performance obligations in the contract</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Determine the transaction price</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Allocate the transaction price to the performance obligations in the contract</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Recognize revenue when the company satisfies a performance obligation</td></tr> </table>   We also collect deposits with our order. Our customer deposit are recognized as revenue when we have met the contractual obligations. The following is table summarizes the customer deposit activity for the six months ended June 30, 2019:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 80%; font-family: Times New Roman, Times, Serif">Customer Deposits as of December 31, 2018</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">365,815</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Customer Deposits applied</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(56,585</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">New customer Deposits</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Customer Deposits as of June 30, 2019</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">309,230</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   We Invoice the customer and the time of the contract and only recognize the revenue when the company satisfies a performance obligation. The following is table summarizes the deferred revenue activity for the six months ended June 30, 2019:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 80%; font-family: Times New Roman, Times, Serif">Deferred revenue December 31, 2018</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">33,000</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Deferred revenue recognized in the Six months ended June 30, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Additional deferred revenue added in the Six months ended June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">14,750</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Deferred revenue June 30, 2019</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">47,750</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   The following steps are applied to our contract manufacturing revenue:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.15in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We generate a quotation</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We receive Purchase orders from our customers.</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We build the product to their specification</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We invoice at the time of shipment</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">The terms are typically Net 30 days</td></tr> </table>   Fair Value of Financial Instruments   The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 1: Quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</td></tr> </table>   The carrying amounts of the Company’s financial instruments as of December 31 2018 and June 30, 2019, reflect:   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 1</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 2</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 3</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Total</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif">Fair value of convertible notes derivative liability – December 31, 2018</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">245,988</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">245,988</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 1</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 2</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 3</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Total</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif">Fair value of convertible notes derivative liability – June 30, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">544,522</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">544,522</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments.   Other Comprehensive Income   We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods.   Net Profit (Loss) per Common Share   Basic profit / (loss) per share is computed on the basis of the weighted average number of common shares outstanding. At June 30, 2019, we had outstanding common shares of 580,157,656 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents at June 30, 2019 and 2018 were 579,698,041 and 471,235,772, respectively. In addition, we had convertible notes and convertible preferred shares, convertible into of additional common shares of approximately 613 million shares. Fully diluted weighted average common shares and equivalents were withheld from the calculation as they were considered anti-dilutive we also had an adjustment to retained earnings of $60,000 due to the inducement on the conversion of preferred shares.   Research and Development   We had no amounts of research and development expense during the three months ended June 30, 2019 and 2018.   Segment Disclosure   FASB Codification Topic 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments. The Company has three reportable segments: Clean Energy Technologies; Heat recovery solutions and our service center CETY Europe, which provides support services to our currently installed units in Europe. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 for a description of the various product categories manufactured under each of these segments. An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net.   Selected Financial Data:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Six months ended June 30,</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">2018</td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Net Sales</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">226,206</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">319,399</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">46,137</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">392,094</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">56,188</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Total Sales</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">328,531</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">711,493</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Segment income and reconciliation before tax</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">38,720</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">105,259</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">37,463</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">273,276</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">41,116</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Total Segment income</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">117,299</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">378,535</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Reconciling items</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">General and Administrative expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(208,173</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(409,717</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Salaries</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(407,867</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(348,725</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">Professional fees</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(70,685</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(88,058</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Travel</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(86,107</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(25,634</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">Facility lease</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(162,852</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(139,325</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Share Based Expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(91,140</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(104,930</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(216,337</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Gain / (Loss) on disposition of assets</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">4,044</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Financing fees</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(378,155 </td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Interest expense</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(645,257</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(460,511</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Net Loss before income tax</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">(1,568,572</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">(1,611,400</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> </table>   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2018</td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Total Assets</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">2,728,606</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">1,303,343</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,884,847</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,649,116</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">29,401</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">4,642,854</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">2,952,459</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   Share-Based Compensation   The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation), which supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees,” and its related implementation guidance and eliminates the alternative to use Opinion 25’s intrinsic value method of accounting that was provided in Statement 123 as originally issued. This Statement requires an entity to measure the cost of employee services received in exchange for an award of an equity instruments, which includes grants of stock options and stock warrants, based on the fair value of the award, measured at the grant date (with limited exceptions). Under this standard, the fair value of each award is estimated on the grant date, using an option-pricing model that meets certain requirements. We use the Black-Scholes option-pricing model to estimate the fair value of our equity awards, including stock options and warrants. The Black-Scholes model meets the requirements of SFAS No. 123R; however, the fair values generated may not reflect their actual fair values, as it does not consider certain factors, such as vesting requirements, employee attrition and transferability limitations. The Black-Scholes model valuation is affected by our stock price and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. We estimate the expected volatility and estimated life of our stock options at grant date based on historical volatility; however, due to the thinly traded nature of our stock, we have chosen to use an average of the annual volatility of like companies in our industry. For the “risk-free interest rate,” we use the Constant Maturity Treasury rate on 90-day government securities. The term is equal to the time until the option expires. The dividend yield is not applicable, as the Company has not paid any dividends, nor do we anticipate paying them in the foreseeable future. The fair value of our restricted stock is based on the market value of our free trading common stock, on the grant date calculated using a 20-trading-day average. At the time of grant, the share-based compensation expense is recognized in our financial statements based on awards that are ultimately expected to vest using historical employee attrition rates and the expense is reduced accordingly. It is also adjusted to account for the restricted and thinly traded nature of the shares. The expense is reviewed and adjusted in subsequent periods if actual attrition differs from those estimates.   We re-evaluate the assumptions used to value our share-based awards on a six months ended June 30, 2019 basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the three months ended June 30, 2019 and 2018 we had $0 and $91,140 respectively, in share-based expense, due to the issuance of common stock. As of June 30, 2019, we had no further non-vested expense to be recognized.   Income Taxes   Federal Income taxes are not currently due since we have had losses since inception.   On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the three months ended June 30, 2019 using a Federal Tax Rate of 21%.   Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard required by ASC 740-10-25-5.   Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes.   As of June 30, 2019, we had a net operating loss carry-forward of approximately $(3,988,042) and a deferred tax asset of approximately $837,489 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(837,489). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At June 30, 2019, the Company had not taken any tax positions that would require disclosure under FASB ASC 740.   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Deferred Tax Asset</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">837,489</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">515,944</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Valuation Allowance</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(837,489</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(515,944</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Deferred Tax Asset (Net)</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,388 in exchange for the issuance of 302,462,667 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”).   This resulted in a change in control, which limited the net operating to that date forward.   We are subject to taxation in the U.S. and the state of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2015. The Company is current on its federal and state tax returns.   Reclassification   Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported.   Going Concern   The financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had a total stockholder’s deficit of $4,355,066 and an accumulated deficit of $(13,228,307) and a working capital deficit of $5,706,463 and a net loss of $1,568,572 for the six months ended June 30, 2019. Therefore, there is substantial doubt about the ability of the Company to continue as a going concern. There can be no assurance that the Company will achieve its goals and reach profitable operations and is still dependent upon its ability (1) to obtain sufficient debt and/or equity capital and/or (2) to generate positive cash flow from operations.

NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Accounts Receivable Trade</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">703,502</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">781,845</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Less Reserve for uncollectable accounts</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(57,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(57,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Accounts receivable - net</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">646,502</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">724,845</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>

NOTE 4 – INVENTORY   Inventories by major classification were comprised of the following at:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Raw Material</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">946,559</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">952,214</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Work in Process</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">70,971</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">9,680</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Total</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,017,530</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">961,894</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Less reserve for excess or obsolete inventory</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(250,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(250,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Total Inventory</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">767,530</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">711,894</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

NOTE 6 – INTANGIBLE ASSETS   Intangible assets were comprised of the following at:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Goodwill</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">747,976</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">747,976</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">License</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">354,322</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">354,322</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Patents</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">190,789</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">190,789</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Accumulated Amortization</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(45,528</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(39,590</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Net Intangible Assets</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">1,247,559</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">1,253,497</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   Our Amortization Expense for the three months ended June 30, 2019 and 2018 was $2,969 and 2,969 respectively.

NOTE 7 – ACCRUED EXPENSES   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Wages</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">209,570</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">224,514</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Interest</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">549,560</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">466,425</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Interest Related party</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">192,495</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">123,394</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Customer Deposit</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">309,230</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">365,815</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Payable to GE - TSA</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">972,231</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">972,231</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Accrued Rents and Moving Expenses</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">123,626</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">123,626</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">2,356,712</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">2,276,005</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

NOTE 8 – NOTES PAYABLE   The Company issued a short-term note payable to an individual, secured by the assets of the Company, dated September 6, 2013 in the amount of $50,000 and fixed fee amount of $3,500. As of June 30, 2019 the outstanding balance was $38,500.   On November 11, 2013, we entered in to an accounts receivable financing agreement with American Interbanc (now Nations Interbanc). Amounts outstanding under the agreement bear interest at the rate of 2.5% per month. It is secured by the assets of the Company. In addition, it is personally guaranteed by Kambiz Mahdi, our Chief Executive Officer. As of June 30, 2019, the outstanding balance was $1,506,425.   On September 11, 2015, our CE HRS subsidiary issued a promissory note in the initial principal amount $1,400,000 and assumed a pension liability of $100,000, for a total liability of $1,500,000, in connection with our acquisition of the heat recovery solutions, or HRS, assets of General Electric International, Inc., a Delaware corporation (“GEII”), including intellectual property, patents, trademarks, machinery, equipment, tooling and fixtures. The note bears interest at the rate of 2.66% per annum. The note is payable on the following schedule: (a) $200,000 in principal on December 31, 2015 and (b) thereafter, the remaining principal amount of $1,200,000, together with interest thereon, payable in equal six months ended June 30, 2019 installments of principal and interest of $157,609, commencing on December 31, 2016 and continuing until December 31, 2018 at which time the remaining unpaid principal amount of this note and all accrued and unpaid interest thereon shall be due and payable in full   We are currently in default on the payment of the purchase price pursuant to our asset purchase agreement with General Electric due to a combination of our inability to raise sufficient capital as expected and our belief that we are entitled to a reduction in purchase price we paid. We are in the process of negotiations with General Electric.   On September 15, 2016, Meddy Sahebi, Chairman of our previous Board of Directors, advanced the Company $5,000. There were no specified terms for repayment of this loan other than that it was to be repaid within a reasonable time. As of June 30, 2019 the outstanding balance was $5,000.   On June 21, 2018 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $250,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of June 21, 2019. On May 28, 2019 this note was paid in full.   On September 21, 2018 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $100,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of September 21, 2019. On May 28, 2019 this note was paid in full.   On January 10, 2019 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $25,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of January 10, 2020. On May 28, 2019 this note was paid in full.   On April 15, 2019 we received an advance from an un-related party for $40,000, this advance has no interest rate or repayment terms.   Convertible notes   On September 6, 2016, we entered into a one-year convertible note payable for $87,500, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of fifty-five percent (55%) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the twenty (20) Trading Days immediately preceding the date of conversion. On December 16, 2016 we issued 1,200,000 shares of common stock at $.0031 for a partial conversion of this note in the amount of $3,696. January 4, 2018, we issued 2,300,000 shares of common stock at $.002192 for a partial conversion of this note in the amount of $5,042.   On November 2, 2016, we effected the repayment of the convertible note dated March 15, 2016 for an aggregate amount of $84,000. Concurrently, we entered into an Escrow Funding Agreement with Red Dot Investment, Inc., a California corporation (“Reddot”), pursuant to which Reddot deposited funds into escrow to fund the repayment and we assigned to Reddot our right to acquire the convertible note and Reddot acquired the convertible note. Concurrently, we and Reddot amended the convertible note (a) to have a fixed conversion price of $.005 per share, subject to potential further adjustment in the event of certain Common Stock issuances, (b) to have a fixed interest rate of ten percent (10%) per annum with respect to both the redemption amount and including a financing fee and any costs, expenses, or other fees relating to the convertible note or its enforcement and collection, and any other expense for or on our account (in each case with a minimum 10% yield in the event of payoff or conversion within the first year), such amounts to constitute additional principal under the convertible note, as amended, and (c) as otherwise provided in the Escrow Funding Agreement. The March 2016 convertible note, as so amended, is referred to as the “Master Note.”   On January 9, 2017, we effected the partial repayment of the convertible note dated July 6, 2016. The holder had elected to convert $15,400 ($11,544 in principal and $3,855 in accrued interest) into a total of 7,000,000 shares of Common Stock. The conversion left $66,205 remaining due and payable under the July 2016 convertible note and we paid the note holder a total of $89,401 in repayment. On January 12, 2017, we effected the partial repayment of the convertible note dated September 6, 2016. The holder had elected to retain $26,117 (consisting of $24,228 in principal and $1,899 in interest), leaving $60,941 remaining due and payable under the September 2016 convertible note, which was satisfied and canceled in consideration of the payment to the note holder of $97,506. On January 9, 2017, we effected the repayment in full of the convertible note dated August 12, 2016 through payment to the note holder of a total of $89,401.   Concurrently with the foregoing note repayments, we entered into a Credit Agreement and Promissory Note (the “Credit Agreement”) with Megawell USA Technology Investment Fund I LLC, a Wyoming limited liability company in formation (“MW I”), pursuant to which MW I deposited funds into escrow to fund the repayment of the convertible notes and we assigned to MW I our right to acquire the convertible notes and otherwise agreed that MW I would be subrogated to the rights of each note holder to the extent a note was repaid with funds advanced by MW I. Concurrently, MW I acquired the Master Note and we agreed that all amounts advanced by MG I to or for our benefit would be governed by the terms of the Master Note, including the payment of a financing fees, interest, minimum interest, and convertibility. Reddot is MW I’s agent for purposes of administration of the Credit Agreement and the Master Note and advances thereunder.   The foregoing summary descriptions of the Escrow Funding Agreement (including amendments to the Master Note), the Settlement Agreement, and the Credit Agreement are not complete and are qualified in their entirety by reference to the full texts thereof, copies of which were included as Exhibits 10.02 to our Current Report on Form 8-K dated October 31, 2016 and to Exhibits 10.01 and 10.02 to our Current Report on Form 8-K dated January 4, 2016. The foregoing summary description of the original Master Note is not complete and is qualified in its entirety by reference to the full text thereof, a copy of which was included as Exhibit 10.03 to our Current Report on Form 8-K dated October 31, 2016.   On May 5, 2017 we entered into a nine-month convertible note payable for $78,000, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of ninety one percent (61%) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. On November 6, 2017 this note was assumed and paid in full at a premium for a total of $116,600 by Cybernaut Zfounder Ventures. An amended term were added to the original note with the interest rate of 14%. This note matured on February 21st of 2018 and is currently in default.   On May 24, 2017 we entered into a nine-month convertible note payable for $32,000, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of fifty-five eight percent (58%) of the lowest closing bid price (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. On November 6, 2017 this note was assumed and paid in full at a premium for a total of $95,685, by Cybernaut Zfounder Ventures. An amended term was added to the original note with the interest rate of 14%. This note matured on February 26th, 2018 and is currently in default.   On August 17, 2017 we entered into a convertible note payable for $68,000, with a maturity date of May 30, 2018, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of fifty-eight percent (58%) of the average of the two lowest trading prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. This note was paid in full on February 15, 2018   On July 25, 2017 we entered into a convertible note payable for $103,000, with a maturity date of April 25, 2018, which accrues interest at the rate of 12% per annum. It is not convertible until nine months after its issuance and has a conversion rate of ninety percent (60%) of the average of the two lowest trading prices (as reported by Bloomberg LP) of our common stock for the twenty (20) Trading Days immediately preceding the date of conversion. This note was paid in full on February 15, 2018   On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $939,500 with an interest rate of 10% per annum interest rate and a maturity date of February 13, 2020. The CVL Note is convertible into shares of Common Stock at $0.003 per share, as adjusted as provided therein. As a result we recognized a beneficial conversion feature of $532,383, which is amortized over the life of the note. This note was assigned to Mgw Investments and they agreed not to convert the $939,500 note in to shares in excess of the 800,000,000 Authorized limit until we have increased the Authorized shares to the Board approved limit of 2 billion shares.   On February 8, 2018 the Corporation entered a Convertible Promissory Note in the principal amount of $153,123, due October 8, 2018, with an interest rate of 12% per annum payable to MGWI (the “MGWI Note”). The MGWI Note is convertible into shares of the Corporation’s common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis. The proceeds from the MGWI Note were used to redeem the convertible note of the Corporation to JSJ Investments, Inc. in the principal amount of $103,000 with an interest rate of 12% per annum, due April 25, 2018. At December 31, 2018 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature.   On December 13, 2018 we entered into a convertible note payable for $83,000, with a maturity date of December 13, 2019, which accrues interest at the rate of 12% per annum. It is convertible six months after its issuance and has a conversion rate of fifty-eight percent (65%) of the average of the two lowest trading prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. On May 28, 2019 this note was paid in full.   February 13, 2019 we entered into a convertible note payable for $138,000, with a maturity date of February 13, 2020, which accrues interest at the rate of 12% per annum. It is convertible six months after its issuance and has a conversion rate of sixty-five percent (65%) of the average of the two lowest closing prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion.   On January 10, 2019 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $25,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of January 10, 2020. On May 28, 2019 this note was paid in full.   On April 9, 2019 we entered into a convertible note payable for $53,000, with a maturity date of April 9, 2020, which accrues interest at the rate of 12% per annum. It is convertible six months after its issuance and has a conversion rate of sixty-five percent (65%) of the average of the two lowest closing prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion.

Note 9 – Derivative Liabilities   As a result of the convertible notes we recognized the embedded derivative liability on the date of note issuance. We also revalued the remaining derivative liability on the outstanding note balance on the date of the balance sheet. We value the derivative liability using a binomial lattice model with an expected volatility of 163% and a risk free interest rate of 2.09% The remaining derivative liabilities were:   Derivative Liabilities on Convertible Loans:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 60%; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Outstanding Balance</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">544,522</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">245,988</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

NOTE 10 – COMMITMENTS AND CONTINGENCIES   The company has received an invoice from Oberon Securities for $291,767 which is in dispute. The company believes it has defenses to the claim for compensation and plans to assert appropriate counterclaims and actions as permitted by law. No liability has been recorded for this claim as the Company believes there is a greater than not probability that our Company will prevail in defending against the claim.   Operating Rental Leases   On March 10, 2016, we signed a lease agreement for a 18,200 square-foot CTU Industrial Building at 2990 Redhill Unit A, Costa Mesa, CA. The lease term at the new facility is seven years and two months beginning October 1, 2016. In October of 2018 we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60 day notice for 1,000 Euro per month. Due to the short termination clause, we are treating this as a month to month lease. Future minimum lease payments for the years ended December 31, as follows:   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Year</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Lease Payment</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 71%; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2019</td><td style="width: 2%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 25%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">101,870</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2020</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">241,884</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2021</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">249,132</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2022</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">256,608</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2023</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">44,052</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   Our Rent expense including common area maintenance for the three months ended June 30, 2019 and 2018 was $80,818 and $68,346 respectively and for the six months ended June 30, 2019 and 2018 was $162,852 and $139,325 respectively.   Per FASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which requires lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability.  For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines.  Lessor accounting is similar to the current model, but has been updated to align with certain changes to the lessee model and the new revenue recognition standard. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We have adopted the above ASU as of January 1, 2019.  We have recorded a right of use asset of $917,097 and a corresponding lease liability of $917,097.   Severance Benefits   Effective at December 31, 2018, Mr. Bennett, was entitled to receive in the event of his termination without cause a severance benefit consisting of a single lump sum cash payment equal the salary that Mr. Bennett would have been entitled to receive through the remainder of his employment period or two (2) years, whichever is greater.

NOTE 11 – CAPITAL STOCK TRANSACTIONS   On April 21, 2005, our Board of Directors and shareholders approved the re-domicile of the Company in the State of Nevada, in connection with which we increased the number of our authorized common shares to 200,000,000 and designated a par value of $.001 per share.   On May 25, 2006, our Board of Directors and shareholders approved an amendment to our Articles of Incorporation to authorize a new series of preferred stock, designated as Series C, and consisting of 15,000 authorized shares.   On , 2017, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 400,000,000 and in the number of our authorized preferred shares to 10,000,000. The amendment effecting the increase in our authorized capital was filed and effective on July 5, 2017.   On August 28, 2018, our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 800,000,000. The amendment effecting the increase in our authorized capital was filed and effective on August 23, 2018   On April 30, 2019, by written consent, in lieu of a meeting of the stockholders; our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 2,000,000,000. The amendment effecting the increase in our authorized capital was filed and effective on July 23, 2019   Common Stock Transactions   On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,377 in exchange for the issuance of 302,462,667 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”), as disclosed on form 8K on February 15, 2018.   From January 1 through September 30, 2018 we issued 26,054,672 for partial conversions of our convertible notes. We also issued 13,800,000 shares for additional compensation and 1,500,000 for consulting services.   On October 9, 2018 we issued 884,195 shares @ .04 for payment of an accounts payable in the amount of $35,367.   On February 13, 2019 we issued 20,000,000 @ $.0131 to Kambiz Mahdi our CEO as additional compensation accrued for in 2018 in the amount of $262,000.   In the first quarter of 2019, we signed agreements to issue 4,000,000 shares of common stock valued at $.015 for a total value of $60,000 for the conversion of 800 preferred series D shares, which were subsequently issued. We also recorded a $60,000 inducement fee to account for the difference in the fair value which we offset to retained earnings.   On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 units (each a “Unit” and together the “Units”) to MGW Investment I Limited MGWI for an aggregate purchase price of $1,999,200, or $.0119 per Unit, with each unit consisting of one share of common stock, par value $.001 per share (the “Common Stock”) and a warrant (the “Warrant”) to purchase one share of common stock. The Common Stock will be issued to MGWI at such time as the Company increases the number of shares of its authorized Common Stock. The Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.   During the quarter ended June 30, 2019 we returned 75,000 from an administrative hold due to the fact that we cannot locate the recipients to the replaced shares.   On June 10, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.   Subsequently on July 18, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.   Common Stock   Our Articles of Incorporation authorize us to issue 2,000,000,000 shares of common stock, par value $0.001 per share. As of June 30, 2018, there were 580,157,656 shares of common stock outstanding. All outstanding shares of common stock are, and the common stock to be issued will be, fully paid and non-assessable. Each share of our common stock has identical rights and privileges in every respect. The holders of our common stock are entitled to vote upon all matters submitted to a vote of our shareholders and are entitled to one vote for each share of common stock held. There are no cumulative voting rights.   The holders of our common stock are entitled to share equally in dividends and other distributions that our Board of Directors may declare from time to time out of funds legally available for that purpose, if any, after the satisfaction of any prior rights and preferences of any outstanding preferred stock. If we liquidate, dissolve or wind up, the holders of common stock shares will be entitled to share ratably in the distribution of all of our assets remaining available for distribution after satisfaction of all our liabilities and our obligations to holders of our outstanding preferred stock.   Preferred Stock   Our Articles of Incorporation authorize us to issue 10,000,000 shares of preferred stock, par value $0.001 per share. Our Board of Directors has the authority to issue additional shares of preferred stock in one or more series, and fix for each series, the designation of and number of shares to be included in each such series. Our Board of Directors is also authorized to set the powers, privileges, preferences, and relative participating, optional or other rights, if any, of the shares of each such series and the qualifications, limitations or restrictions of the shares of each such series.   Unless our Board of Directors provides otherwise, the shares of all series of preferred stock will rank on parity with respect to the payment of dividends and to the distribution of assets upon liquidation. Any issuance by us of shares of our preferred stock may have the effect of delaying, deferring or preventing a change of our control or an unsolicited acquisition proposal. The issuance of preferred stock also could decrease the amount of earnings and assets available for distribution to the holders of common stock or could adversely affect the rights and powers, including voting rights, of the holders of common stock.   We previously authorized 440 shares of Series A Convertible Preferred Stock, 20,000 shares of Series B Convertible Preferred Stock, and 15,000 shares Series C Convertible Preferred Stock. As of August 20, 2006, all series A, B, and C preferred had been converted into common stock.   Effective August 7, 2013, our Board of Directors designated a series of our preferred stock as Series D Preferred Stock, authorizing 15,000 shares. Our Series D Preferred Stock offering terms authorized us to raise up to $1,000,000 with an over-allotment of $500,000 in multiple closings over the course of six months. We received an aggregate of $750,000 in financing in subscription for Series D Preferred Stock, or 7,500 shares.   The following are primary terms of the Series D Preferred Stock. The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5% per annum. Initially, the Series D Preferred Stock was also entitled to be paid special dividends in the event cash dividends were not paid when scheduled. If the Company does not pay the dividend within five (5) business days from the end of the calendar month for which the payment of such dividend to owed, the Company will pay the investor a special dividend of an additional 3.5%. Any unpaid or accrued special dividends will be paid upon a liquidation or redemption. For any other dividends or distributions, the Series D Preferred Stock participates with common stock on an as-converted basis. The Series D Preferred holders may elect to convert the Series D Preferred Stock, in their sole discretion, at any time after a one year (1) year holding period, by sending the Company a notice to convert. The conversion rate is equal to the greater of $0.08 or a 20% discount to the average of the three (3) lowest closing market prices of the common stock during the ten (10) trading day period prior to conversion. The Series D Preferred Stock is redeemable from funds legally available for distribution at the option of the individual holders of the Series D Preferred Stock commencing any time after the one (1) year period from the offering closing at a price equal to the initial purchase price plus all accrued but unpaid dividends, provided, that if the Company gave notice to the investors that it was not in a financial position to redeem the Series D Preferred, the Company and the Series D Preferred holders are obligated to negotiate in good faith for an extension of the redemption period. The Company timely notified the investors that it was not in a financial position to redeem the Series D Preferred and the Company and the investors have engaged in ongoing negotiations to determine an appropriate extension period. The Company may elect to redeem the Series D Preferred Stock any time at a price equal to initial purchase price plus all accrued but unpaid dividends, subject to the investors’ right to convert, by providing written notice about its intent to redeem. Each investor has the right to convert the Series D Preferred Stock at least ten (10) days prior to such redemption by the Company.   In connection with the subscriptions for the Series D Preferred, we issued series F warrants to purchase an aggregate of 375,000 shares of our common stock at $.10 per share and series G warrants to purchase an aggregate of 375,000 shares of our common stock at $.20 per share.   On August 21, 2014, a holder holding 5,000 shares of Preferred Series D Preferred agreed to lower the dividend rate to 13% on its Series D Preferred. In September 2015, all holders of Series D Preferred signed and delivered estoppel agreements, whereby the holders agreed, among other things, that the Series D Preferred was not in default and to reduce (effective as of December 31, 2015) the dividend rate on the Series D Preferred Stock to six percent per annum and to terminate the 3.5% penalty in respect of unpaid dividends accruing on or after such date.   In the first quarter of 2019, we signed agreements to issue 4,000,000 shares of common stock valued at $.015 for a total value of $60,000 for the conversion of 800 preferred series D shares, which were subsequently issued. We also recorded a $60,000 inducement fee to account for the difference in the fair value which we offset to retained earnings. We also reclassed 200 preferred valued at $20,000, which were previously recorded as converted preferred dividends.   Warrants   Warrant Activity   On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 units (each a “Unit” and together the “Units”) to MGW Investment I Limited MGWI for an aggregate purchase price of $1,999,200, or $.0119 per Unit, with each unit consisting of one share of common stock, par value $.001 per share (the “Common Stock”) and a warrant (the “Warrant”) to purchase one share of common stock. The Common Stock will be issued to MGWI at such time as the Company increases the number of shares of its authorized Common Stock. The Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement. Of the $1,999,200 purchase price, we valued the warrants portion at 1,066,520 and booked this amount to additional paid in capital.   On June 10, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.   Subsequently on July 18, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Warrants - Common Share Equivalents</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Weighted Average Exercise price</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Warrants exercisable - Common Share Equivalents</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Weighted Average Exercise price</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Outstanding December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Issued</td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Exercised </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Expired</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Outstanding June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   Stock Options   As of June 30, 2019, and December 31, 2018 there were no outstanding stock options

NOTE 12 – RELATED PARTY TRANSACTIONS   Kambiz Mahdi, our Chief Executive Officer, owns Billet Electronics, which is distributor of electronic components. From time to time, we purchase parts from Billet Electronics. In addition, Billet was a supplier of parts and had dealings with current and former customers of the Company prior to joining the company. Our Board of Directors has approved the transactions between Billet Electronics and the Company.   On June 15, 2017 Meddy Sahebi Chairman of our Board of Directors advanced the Company $5,000. There were no specified terms for repayment of this loan other than that it was to be repaid within a reasonable time. As of December 31, 2017, the outstanding balance was $5,000. Mr. Sahebi resigned from the board of directors on February 8, 2018 .   Pursuant to our 2017 Stock Compensation Program, effective July 1, 2017, we made the following stock option grants to members of our Board of Directors: (a) we issued to each of our non-employee members of our Board of Directors first joining the Board in October 2015 and who had not received any compensation for serving as directors of the Company (five persons) options to purchase 150,000 shares of our common stock with an exercise price of $.03 per share, the last sale price of our common stock on June 29, 2017 and (b) we issued to each of our non-employee members of our Board of Directors currently serving on the Board (six persons) options to purchase 300,000 shares of our common stock with an exercise price of $.03 per share. On the non-employee board members resigned, as disclosed in our 8K filed on February 15, 2018. As a result, all remaining stock options were cancelled.   On February 13, 2018 the Corporation and Confections Ventures Limited. (“CVL”) entered into a Convertible Note Purchase Agreement (the “Convertible Note Purchase Agreement,” together with the Stock Purchase Agreement and the transactions contemplated thereunder, the “Financing”) pursuant to which the Corporation issued to CVL a convertible promissory Note (the “CVL Note”) in the principal amount of $939,500 with an interest rate of 10% per annum interest rate and a maturity date of February 13, 2020. The CVL Note is convertible into shares of Common Stock at $0.003 per share, as adjusted as provided therein. As a result we recognized a beneficial conversion feature of $532,383, which is amortized over the life of the note. This note was assigned to Mgw Investments and they agreed not to convert the $939,500 note in to shares in excess of the 800,000,000 Authorized limit until we have increased the Authorized shares to the Board approved limit of 2 billion shares.   On February 8, 2018 the Corporation entered a Convertible Promissory Note in the principal amount of $153,123, due October 8, 2018, with an interest rate of 12% per annum payable to MGWI (the “MGWI Note”). The MGWI Note is convertible into shares of the Corporation’s common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis. The proceeds from the MGWI Note were used to redeem the convertible note of the Corporation to JSJ Investments, Inc. in the principal amount of $103,000 with an interest rate of 12% per annum, due April 25, 2018. At December 31, 2018 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature.   On June 21, 2018 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $250,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of June 21, 2019. On May 28, 2019 this note was paid in full.   On September 21, 2018 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $100,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of September 21, 2019. On May 28, 2019 this note was paid in full.   On February 15, 2018 we issued 9,200,000 @ .0053 as additional compensation in the amount of $48,760.   On October 18, 2018 we entered into a 1 year employment agreement with Kambiz Mahdi our CEO, as part of the agreement Mr. Mahdi was to be issued 20,000,000 shares of our common stock, as additional compensation. As a result; for the year ended December 31, 2018 we accrued for and subsequently on February 13, 2019, issued 20,000,000 shares @ $.0131 to Mr. Mahdi in the amount of $262,000.   On January 10, 2019 the corporation entered into a promissory note with MGW Investment I Limited, for the principal amount of $25,000, with an interest rate of Eight Percent (8%) per annum and a maturity date of January 10, 2020. On May 28, 2019 this note was paid in full.   On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 units (each a “Unit” and together the “Units”) to MGW Investment I Limited MGWI for an aggregate purchase price of $1,999,200, or $.0119 per Unit, with each unit consisting of one share of common stock, par value $.001 per share (the “Common Stock”) and a warrant (the “Warrant”) to purchase one share of common stock. The Common Stock will be issued to MGWI at such time as the Company increases the number of shares of its authorized Common Stock. The Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement. Of the $1,999,200 purchase price, we valued the warrants portion at 1,066,520 and booked this amount to additional paid in capital.

NOTE 14 – SUBSEQUENT EVENTS   On July 19, 2019 we issued 500,000 shares of common stock at $.02 per share to an accredited investor for an aggregate price of $10,000 in a private sale. We also issued 500,000 warrants as part of the transaction. Each Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement.   On April 30, 2019, by written consent, in lieu of a meeting of the stockholders; our Board of Directors and shareholders approved an increase in the number of our authorized common shares to 2,000,000,000. The amendment effecting the increase in our authorized capital was filed and effective on July 23, 2019.   On May 31, 2019, we entered into a subscription agreement pursuant to which the Company agreed to sell 168,000,000 units (each a “Unit” and together the “Units”) to MGW Investment I Limited MGWI for an aggregate purchase price of $1,999,200, or $.0119 per Unit, with each unit consisting of one share of common stock, par value $.001 per share (the “Common Stock”) and a warrant (the “Warrant”) to purchase one share of common stock. The Common Stock will be issued to MGWI at such time as the Company increases the number of shares of its authorized Common Stock. The Warrant is exercisable at $.04 per share of Common Stock and expires one year from the date of the Agreement. Of the $1,999,200 purchase price, we valued the warrants portion at 1,066,520 and booked this amount to additional paid in capital. These shares were issued on August 15, 2019.   In accordance with ASC 855, the Company has analyzed its operations subsequent to June 30, 2019 through the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

Estimates   The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Such estimates may be materially different from actual financial results. Significant estimates include the recoverability of long-lived assets, the collection of accounts receivable and valuation of inventory and reserves.

Cash and Cash Equivalents   We maintain the majority of our cash accounts at a commercial bank. The total cash balance is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per commercial bank. For purposes of the statement of cash flows we consider all cash and highly liquid investments with initial maturities of one year or less to be cash equivalents.

Accounts Receivable   We grant credit to our customers located within the United States of America; and do not require collateral. Our ability to collect receivables is affected by economic fluctuations in the geographic areas and industries served by us. Reserves for un-collectable amounts are provided, based on past experience and a specific analysis of the accounts. Although we expect to collect amounts due, actual collections may differ from the estimated amounts. As of June 30, 2019, and December 31, 2018, we had a reserve for potentially un-collectable accounts of $57,000. Five (5) customers accounted for approximately 96% of accounts receivable at June 30, 2019. Our trade accounts primarily represent unsecured receivables. Historically, our bad debt write-offs related to these trade accounts have been insignificant.

Inventory   Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of June 30, 2019, and December 31, 2018, we had a reserve for potentially obsolete inventory of $250,000.

Property and Equipment   Property and equipment are recorded at cost. Assets held under capital leases are recorded at lease inception at the lower of the present value of the minimum lease payments or the fair market value of the related assets. The cost of ordinary maintenance and repairs is charged to operations. Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets:   <table cellspacing="0" cellpadding="0" align="center" style="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 65%; font: 10pt Times New Roman, Times, Serif">Furniture and fixtures </td> <td style="width: 35%; font: 10pt Times New Roman, Times, Serif">3 to 7 years</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif">Equipment </td> <td style="font: 10pt Times New Roman, Times, Serif">7 to 10 years</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif">Leasehold Improvements</td> <td style="font: 10pt Times New Roman, Times, Serif">7 years </td></tr></table>

Long –Lived Assets   Our management assesses the recoverability of its long-lived assets by determining whether the depreciation and amortization of long-lived assets over their remaining lives can be recovered through projected undiscounted future cash flows. The amount of long-lived asset impairment if any, is measured based on fair value and is charged to operations in the period in which long-lived assets impairment is determined by management. There can be no assurance however, that market conditions will not change or demand for our services will continue, which could result in impairment of long-lived assets in the future.

Revenue Recognition   The Company recognizes revenue under ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“ASC 606”). The core principle of the revenue standard is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the goods and services transferred to the customer. The following five steps are applied to achieve that core principle for our HRS and Cety Europe and clean energy revenue:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 0.5in; font: 10pt Times New Roman, Times, Serif"> </td> <td style="width: 0.15in; font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the contract with the customer</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the performance obligations in the contract</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Determine the transaction price</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Allocate the transaction price to the performance obligations in the contract</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Recognize revenue when the company satisfies a performance obligation</td></tr> </table>   We also collect deposits with our order. Our customer deposit are recognized as revenue when we have met the contractual obligations. The following is table summarizes the customer deposit activity for the six months ended June 30, 2019:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 80%; font-family: Times New Roman, Times, Serif">Customer Deposits as of December 31, 2018</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">365,815</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Customer Deposits applied</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(56,585</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">New customer Deposits</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Customer Deposits as of June 30, 2019</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">309,230</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   We Invoice the customer and the time of the contract and only recognize the revenue when the company satisfies a performance obligation. The following is table summarizes the deferred revenue activity for the six months ended June 30, 2019:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 80%; font-family: Times New Roman, Times, Serif">Deferred revenue December 31, 2018</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">33,000</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Deferred revenue recognized in the Six months ended June 30, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Additional deferred revenue added in the Six months ended June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">14,750</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Deferred revenue June 30, 2019</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">47,750</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   The following steps are applied to our contract manufacturing revenue:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.15in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We generate a quotation</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We receive Purchase orders from our customers.</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We build the product to their specification</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">We invoice at the time of shipment</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif">●</td> <td style="font: 10pt Times New Roman, Times, Serif">The terms are typically Net 30 days</td></tr></table>

Fair Value of Financial Instruments   The Financial Accounting Standards Board issued ASC (Accounting Standards Codification) 820-10 (SFAS No. 157), “Fair Value Measurements and Disclosures” for financial assets and liabilities. ASC 820-10 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. FASB ASC 820-10 defines fair value as the price that would be received for an asset or the exit price that would be paid to transfer a liability in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. FASB ASC 820-10 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The following summarizes the three levels of inputs required by the standard that the Company uses to measure fair value:   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 1: Quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.</td></tr> </table>   The carrying amounts of the Company’s financial instruments as of December 31 2018 and June 30, 2019, reflect:   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 1</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 2</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 3</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Total</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif">Fair value of convertible notes derivative liability – December 31, 2018</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">245,988</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">245,988</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 1</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 2</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 3</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Total</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif">Fair value of convertible notes derivative liability – June 30, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">544,522</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">544,522</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments.

Other Comprehensive Income   We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods.

Net Profit (Loss) per Common Share   Basic profit / (loss) per share is computed on the basis of the weighted average number of common shares outstanding. At June 30, 2019, we had outstanding common shares of 580,157,656 used in the calculation of basic earnings per share. Basic Weighted average common shares and equivalents at June 30, 2019 and 2018 were 579,698,041 and 471,235,772, respectively. In addition, we had convertible notes and convertible preferred shares, convertible into of additional common shares of approximately 613 million shares. Fully diluted weighted average common shares and equivalents were withheld from the calculation as they were considered anti-dilutive we also had an adjustment to retained earnings of $60,000 due to the inducement on the conversion of preferred shares.

Research and Development   We had no amounts of research and development expense during the three months ended June 30, 2019 and 2018.

Segment Disclosure   FASB Codification Topic 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments. The Company has three reportable segments: Clean Energy Technologies; Heat recovery solutions and our service center CETY Europe, which provides support services to our currently installed units in Europe. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 for a description of the various product categories manufactured under each of these segments. An operating segment’s performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net.   Selected Financial Data:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Six months ended June 30,</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">2018</td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Net Sales</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">226,206</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">319,399</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">46,137</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">392,094</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">56,188</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Total Sales</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">328,531</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">711,493</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Segment income and reconciliation before tax</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">38,720</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">105,259</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">37,463</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">273,276</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">41,116</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Total Segment income</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">117,299</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">378,535</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Reconciling items</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">General and Administrative expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(208,173</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(409,717</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Salaries</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(407,867</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(348,725</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">Professional fees</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(70,685</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(88,058</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Travel</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(86,107</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(25,634</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">Facility lease</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(162,852</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(139,325</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Share Based Expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(91,140</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(104,930</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(216,337</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Gain / (Loss) on disposition of assets</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">4,044</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Financing fees</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(378,155 </td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Interest expense</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(645,257</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(460,511</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Net Loss before income tax</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">(1,568,572</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">(1,611,400</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> </table>   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2018</td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Total Assets</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">2,728,606</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">1,303,343</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,884,847</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,649,116</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">29,401</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">4,642,854</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">2,952,459</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

Share-Based Compensation   The Company has adopted the use of Statement of Financial Accounting Standards No. 123R, “Share-Based Payment” (SFAS No. 123R) (now contained in FASB Codification Topic 718, Compensation-Stock Compensation), which supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees,” and its related implementation guidance and eliminates the alternative to use Opinion 25’s intrinsic value method of accounting that was provided in Statement 123 as originally issued. This Statement requires an entity to measure the cost of employee services received in exchange for an award of an equity instruments, which includes grants of stock options and stock warrants, based on the fair value of the award, measured at the grant date (with limited exceptions). Under this standard, the fair value of each award is estimated on the grant date, using an option-pricing model that meets certain requirements. We use the Black-Scholes option-pricing model to estimate the fair value of our equity awards, including stock options and warrants. The Black-Scholes model meets the requirements of SFAS No. 123R; however, the fair values generated may not reflect their actual fair values, as it does not consider certain factors, such as vesting requirements, employee attrition and transferability limitations. The Black-Scholes model valuation is affected by our stock price and a number of assumptions, including expected volatility, expected life, risk-free interest rate and expected dividends. We estimate the expected volatility and estimated life of our stock options at grant date based on historical volatility; however, due to the thinly traded nature of our stock, we have chosen to use an average of the annual volatility of like companies in our industry. For the “risk-free interest rate,” we use the Constant Maturity Treasury rate on 90-day government securities. The term is equal to the time until the option expires. The dividend yield is not applicable, as the Company has not paid any dividends, nor do we anticipate paying them in the foreseeable future. The fair value of our restricted stock is based on the market value of our free trading common stock, on the grant date calculated using a 20-trading-day average. At the time of grant, the share-based compensation expense is recognized in our financial statements based on awards that are ultimately expected to vest using historical employee attrition rates and the expense is reduced accordingly. It is also adjusted to account for the restricted and thinly traded nature of the shares. The expense is reviewed and adjusted in subsequent periods if actual attrition differs from those estimates.   We re-evaluate the assumptions used to value our share-based awards on a six months ended June 30, 2019 basis and, if changes warrant different assumptions, the share-based compensation expense could vary significantly from the amount expensed in the past. We may be required to adjust any remaining share-based compensation expense, based on any additions, cancellations or adjustments to the share-based awards. The expense is recognized over the period during which an employee is required to provide service in exchange for the award—the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. For the three months ended June 30, 2019 and 2018 we had $0 and $91,140 respectively, in share-based expense, due to the issuance of common stock. As of June 30, 2019, we had no further non-vested expense to be recognized.

Income Taxes   Federal Income taxes are not currently due since we have had losses since inception.   On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the three months ended June 30, 2019 using a Federal Tax Rate of 21%.   Income taxes are provided based upon the liability method of accounting pursuant to ASC 740-10-25 Income Taxes – Recognition. Under this approach, deferred income taxes are recorded to reflect the tax consequences in future years of differences between the tax basis of assets and liabilities and their financial reporting amounts at each year-end. A valuation allowance is recorded against deferred tax assets if management does not believe the Company has met the “more likely than not” standard required by ASC 740-10-25-5.   Deferred income tax amounts reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax reporting purposes.   As of June 30, 2019, we had a net operating loss carry-forward of approximately $(3,988,042) and a deferred tax asset of approximately $837,489 using the statutory rate of 21%. The deferred tax asset may be recognized in future periods, not to exceed 20 years. However, due to the uncertainty of future events we have booked valuation allowance of $(837,489). FASB ASC 740 prescribes recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FASB ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At June 30, 2019, the Company had not taken any tax positions that would require disclosure under FASB ASC 740.   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Deferred Tax Asset</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">837,489</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">515,944</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Valuation Allowance</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(837,489</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(515,944</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Deferred Tax Asset (Net)</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,388 in exchange for the issuance of 302,462,667 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”).   This resulted in a change in control, which limited the net operating to that date forward.   We are subject to taxation in the U.S. and the state of California. Further, the Company currently has no open tax years’ subject to audit prior to December 31, 2015. The Company is current on its federal and state tax returns.

Reclassification   Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported income, total assets, or stockholders’ equity as previously reported.

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"><tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"><td style="font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Warrants - Common Share Equivalents</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Weighted Average Exercise price</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Warrants exercisable - Common Share Equivalents</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Weighted Average Exercise price</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Outstanding December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Issued</td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 12%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Exercised </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Expired</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Outstanding June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">168,500,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">0.04</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>

Future minimum lease payments for the years ended December 31, as follows:   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 50%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Year</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Lease Payment</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 71%; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2019</td><td style="width: 2%; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 25%; border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">101,870</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2020</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">241,884</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2021</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">249,132</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2022</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">256,608</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">2023</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">44,052</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

Property and equipment were comprised of the following at:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Capital Equipment</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">1,342,794</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">1,342,794</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Leasehold improvements</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">75,436</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">75,436</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Accumulated Depreciation</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(1,339,792</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(1,322,203</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Property and Equipment - Net</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">78,438</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">96,027</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

Intangible assets were comprised of the following at:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Goodwill</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">747,976</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">747,976</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">License</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">354,322</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">354,322</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Patents</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">190,789</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">190,789</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Accumulated Amortization</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(45,528</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(39,590</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Net Intangible Assets</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">1,247,559</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">1,253,497</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"><tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"><td style="font-family: Times New Roman, Times, Serif"></td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Wages</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">209,570</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">224,514</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Interest</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">549,560</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">466,425</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Interest Related party</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">192,495</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">123,394</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Customer Deposit</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">309,230</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">365,815</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Accrued Payable to GE - TSA</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">972,231</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">972,231</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Accrued Rents and Moving Expenses</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">123,626</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">123,626</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">2,356,712</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">2,276,005</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">June 30, 2019</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid">December 31, 2018</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Outstanding Balance</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">544,522</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">245,988</td><td style="text-align: left"> </td></tr> </table>

Inventories by major classification were comprised of the following at:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Raw Material</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">946,559</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">952,214</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Work in Process</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">70,971</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">9,680</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Total</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,017,530</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">961,894</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Less reserve for excess or obsolete inventory</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(250,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(250,000</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Total Inventory</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">767,530</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">711,894</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

At June 30, 2019, the Company had not taken any tax positions that would require disclosure under FASB ASC 740.   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Deferred Tax Asset</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">837,489</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">515,944</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Valuation Allowance</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(837,489</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(515,944</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Deferred Tax Asset (Net)</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

The following is table summarizes the customer deposit activity for the six months ended June 30, 2019:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 80%; font-family: Times New Roman, Times, Serif">Customer Deposits as of December 31, 2018</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">365,815</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Customer Deposits applied</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(56,585</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">New customer Deposits</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Customer Deposits as of June 30, 2019</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">309,230</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table> The following is table summarizes the deferred revenue activity for the six months ended June 30, 2019:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 80%; font-family: Times New Roman, Times, Serif">Deferred revenue December 31, 2018</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">33,000</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Deferred revenue recognized in the Six months ended June 30, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Additional deferred revenue added in the Six months ended June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">14,750</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Deferred revenue June 30, 2019</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">47,750</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

The carrying amounts of the Company’s financial instruments as of December 31 2018 and June 30, 2019, reflect:   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 1</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 2</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 3</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Total</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif">Fair value of convertible notes derivative liability – December 31, 2018</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">245,988</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">245,988</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   <table cellpadding="0" cellspacing="0" align="center" style="border-collapse: collapse; width: 85%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 1</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 2</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Level 3</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Total</td><td style="font-weight: bold; text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 40%; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 11%; text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif">Fair value of convertible notes derivative liability – June 30, 2019</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">–</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">544,522</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="text-align: right; font-family: Times New Roman, Times, Serif">544,522</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

Selected Financial Data:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">Six months ended June 30,</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">2019</td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">2018</td><td style="text-align: center; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Net Sales</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">226,206</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">319,399</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">46,137</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">392,094</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">56,188</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Total Sales</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">328,531</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">711,493</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Segment income and reconciliation before tax</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">38,720</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">105,259</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">37,463</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">273,276</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">41,116</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Total Segment income</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">117,299</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">378,535</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Reconciling items</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">General and Administrative expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(208,173</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(409,717</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Salaries</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(407,867</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(348,725</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">Professional fees</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(70,685</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(88,058</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Travel</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(86,107</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(25,634</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-left: 10pt; font-family: Times New Roman, Times, Serif">Facility lease</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(162,852</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(139,325</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-left: 10pt; font-family: Times New Roman, Times, Serif">Share Based Expense</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(91,140</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Change in derivative liability</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(104,930</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(216,337</td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Gain / (Loss) on disposition of assets</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">4,044</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif; padding-left: 10pt">Financing fees</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">(378,155 </td><td style="text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Interest expense</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(645,257</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(460,511</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Net Loss before income tax</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">(1,568,572</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">(1,611,400</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> </table>   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2018</td><td style="padding-bottom: 1.5pt; text-align: center; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Total Assets</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: left; font-family: Times New Roman, Times, Serif">Electronics Assembly</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">2,728,606</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">1,303,343</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: left; font-family: Times New Roman, Times, Serif">Clean Energy HRS</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,884,847</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">1,649,116</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: left; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Cety Europe</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">29,401</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">-</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">4,642,854</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">2,952,459</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr></table>

309230 365815 5706463

250000

0.96

250000

0.21

The deferred tax asset may be recognized in future periods, not to exceed 20 years. 1999200

907388

302462667

0.05

P3Y

P7Y

P10Y

-56585

47750

33000

544522

245988

544522

-104930

-216337

56841

54803

117299

378535

38720

105259

37463

273276

41116

4642854

2818119

2952459

2728606

1303343

1884847

1649116

29401

837489

57000

703502

781845

946559

952214

70971

9680

1017530

961894

17586

8793

1342794

75436

1339792

1322203

2969

1247559

1253497

45528

39590

209570

224514

549560

466425

3855

1899

192495 123394

309230

365815

972231 972231

123626

2356712

2276005

38500

50000

1506425

1200000

200000

5000

3500

0.025

0.0266

0.08

0.12

0.10

0.12

0.14

0.12

0.14

0.12

0.10

0.12

0.10

0.12

0.08

0.12

1400000

250000

100000

25000

11544

24228

939500

153123

103000

40000

100000

1500000

(a) $200,000 in principal on December 31, 2015 and (b) thereafter, the remaining principal amount of $1,200,000, together with interest thereon, payable in equal six months ended June 30, 2019 installments of principal and interest of $157,609, commencing on December 31, 2016 and continuing until December 31, 2018 at which time the remaining unpaid principal amount of this note and all accrued and unpaid interest thereon shall be due and payable in full

5000

2019-06-21

2019-09-21

2020-01-10

2018-05-30

2018-04-25

2020-02-13

2018-10-08

2018-04-25

2019-12-13

2020-02-13

2018-04-25

2019-06-21

2020-04-09

0.55

0.10

0.61

0.58

0.60

0.40

0.65

87500

78000

32000

68000

103000

83000

138000

53000

1200000

2300000

7000000

800000000

.0031

.002192

.005

0.003

84000

89401

66205 60941 97506

116600

95685

0.65 At December 31, 2018 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature.

162852

139325

837489

1.63 0.0209

544522

245988

291767

18200

The lease term at the new facility is seven years and two months beginning October 1, 2016.

we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60 day notice for 1,000 Euro per month.

162852

139325

68346

80818

101870

241884

249132

256608

44052

13800000 20000000

.04

.0131

.02

0.015

262000

613000000

4000000

168000000

500000

168000000

500000

1999200

10000

1999200

10000

0.0119

.02

0.02

0.04

.04

.10

.20

0.04

500000

579698041

471235772

Board of Directors designated a series of our preferred stock as Series D Preferred Stock, authorizing 15,000 shares. Our Series D Preferred Stock offering terms authorized us to raise up to $1,000,000 with an over-allotment of $500,000 in multiple closings over the course of six months. 15000

750000

0.175

0.13

The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5% per annum. Initially, the Series D Preferred Stock was also entitled to be paid special dividends in the event cash dividends were not paid when scheduled. If the Company does not pay the dividend within five (5) business days from the end of the calendar month for which the payment of such dividend to owed, the Company will pay the investor a special dividend of an additional 3.5%. Any unpaid or accrued special dividends will be paid upon a liquidation or redemption. For any other dividends or distributions, the Series D Preferred Stock participates with common stock on an as-converted basis. The Series D Preferred holders may elect to convert the Series D Preferred Stock, in their sole discretion, at any time after a one year (1) year holding period, by sending the Company a notice to convert. The conversion rate is equal to the greater of $0.08 or a 20% discount to the average of the three (3) lowest closing market prices of the common stock during the ten (10) trading day period prior to conversion. The Series D Preferred Stock is redeemable from funds legally available for distribution at the option of the individual holders of the Series D Preferred Stock commencing any time after the one (1) year period from the offering closing at a price equal to the initial purchase price plus all accrued but unpaid dividends, provided, that if the Company gave notice to the investors that it was not in a financial position to redeem the Series D Preferred, the Company and the Series D Preferred holders are obligated to negotiate in good faith for an extension of the redemption period. The Company timely notified the investors that it was not in a financial position to redeem the Series D Preferred and the Company and the investors have engaged in ongoing negotiations to determine an appropriate extension period. In September 2015, all holders of Series D Preferred signed and delivered estoppel agreements, whereby the holders agreed, among other things, that the Series D Preferred was not in default and to reduce (effective as of December 31, 2015) the dividend rate on the Series D Preferred Stock to six percent per annum and to terminate the 3.5% penalty in respect of unpaid dividends accruing on or after such date.

375000

309230

365815

14750

3988042

5000

150000

300000

0.03

100000

25000

153123

939500

103000

250000

The MGWI Note is convertible into shares of the Corporation's common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis.

At December 31, 2018 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature.

0.70

0.0053

0.0131

0.02

Our policy is to accrue 2% of revenue for warranty liability, however our experience has been low due to the claim experience that we feel that the current warranty accrual is reasonable.

500000

P1Y

NOTE 5 – PROPERTY AND EQUIPMENT   Property and equipment were comprised of the following at:   <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; font-family: Times New Roman, Times, Serif"> <td style="font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">June 30, 2019</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid; font-family: Times New Roman, Times, Serif">December 31, 2018</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="width: 60%; text-align: justify; font-family: Times New Roman, Times, Serif">Capital Equipment</td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">1,342,794</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="width: 2%; font-family: Times New Roman, Times, Serif"> </td> <td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="width: 16%; text-align: right; font-family: Times New Roman, Times, Serif">1,342,794</td><td style="width: 1%; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; font-family: Times New Roman, Times, Serif">Leasehold improvements</td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">75,436</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="font-family: Times New Roman, Times, Serif"> </td> <td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="text-align: right; font-family: Times New Roman, Times, Serif">75,436</td><td style="text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255); font-family: Times New Roman, Times, Serif"> <td style="text-align: justify; padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif">Accumulated Depreciation</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(1,339,792</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td><td style="padding-bottom: 1.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right; font-family: Times New Roman, Times, Serif">(1,322,203</td><td style="padding-bottom: 1.5pt; text-align: left; font-family: Times New Roman, Times, Serif">)</td></tr> <tr style="vertical-align: bottom; background-color: White; font-family: Times New Roman, Times, Serif"> <td style="font-weight: bold; text-align: justify; padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif">Property and Equipment - Net</td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">78,438</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td><td style="padding-bottom: 2.5pt; font-family: Times New Roman, Times, Serif"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left; font-family: Times New Roman, Times, Serif">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; font-family: Times New Roman, Times, Serif">96,027</td><td style="padding-bottom: 2.5pt; text-align: left; font-family: Times New Roman, Times, Serif"> </td></tr> </table>   For the six months ended June 30, 2019 we recognized depreciation expense in the amount of $17,586 and for the three months ended June 30, 2019 we recognized depreciation expense in the amount of $8,793

Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets:   <table cellspacing="0" cellpadding="0" align="center" style="font: 10pt Times New Roman, Times, Serif; width: 60%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 65%; font: 10pt Times New Roman, Times, Serif">Furniture and fixtures </td> <td style="width: 35%; font: 10pt Times New Roman, Times, Serif">3 to 7 years</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif">Equipment </td> <td style="font: 10pt Times New Roman, Times, Serif">7 to 10 years</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif">Leasehold Improvements</td> <td style="font: 10pt Times New Roman, Times, Serif">7 years </td></tr></table>

579698041

471235772

553273461

573121330

-0.00

579698041

471235772

553273461

573121330

-0.00

75 -75 75000 75000 -20000 20000 20000 -200 200 454487 418855

NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS   The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements.   <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="width: 0.25in; font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2019-04—Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2019-01—Leases (Topic 842): Codification Improvements</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2018-17—Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2018-13—Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2018-08—Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2018-05—Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2018-04—Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2018-03—Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2017 and November 17, 2017 EITF Meetings (SEC Update)</td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="vertical-align: top; font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Update 2018-01—Business Combinations (Topic 805): Clarifying the Definition of a Business</td></tr> </table>   FASB ASU 2016-02 “Leases (Topic 842)” – In February 2016, the FASB issued ASU 2016-02, which requires lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Classification will be based on criteria that are largely similar to those applied in current lease accounting, but without explicit bright lines. Lessor accounting is similar to the current model, but has been updated to align with certain changes to the lessee model and the new revenue recognition standard. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We have adopted the above ASU as of January 1, 2019. The right of use asset and lease liability have been recorded at the present value of the future minimum lease payments, utilizing a 5% average borrowing rate and the company is utilizing the transition relief and “running off” on current leases.

60000

689246

917097

60000

168500000

0.04 0.04 168500000 168500000 0.04 0.04 378155 Going Concern   The financial statements have been prepared on a going concern basis, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of business. The Company had a total stockholder’s deficit of $4,355,066 and an accumulated deficit of $(13,228,307) and a working capital deficit of $5,706,463 and a net loss of $1,568,572 for the six months ended June 30, 2019. Therefore, there is substantial doubt about the ability of the Company to continue as a going concern. There can be no assurance that the Company will achieve its goals and reach profitable operations and is still dependent upon its ability (1) to obtain sufficient debt and/or equity capital and/or (2) to generate positive cash flow from operations. 917097 917097

1066520

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net Inventory Right of use asset - current Total Current Assets Property and Equipment - Net Goodwill License Patents Right of use asset - long term Other Assets Total Non Current assets Total Assets Liabilities and Stockholders' (Deficit) Current Liabilities: Bank Overdraft Accounts payable - trade Accrued Expenses Accrued Expenses Related party Customer Deposits Warranty Liability Deferred Revenue Derivative Liability Lease Liability - current Notes Payable - Current (net of discount) Notes Payable - Current - Related Party Total Current Liabilities Long-Term Debt: Lease Liability - long term Net Long-Term Debt Total Liabilities Commitments and contingencies Stockholders' (Deficit) Preferred D stock, stated value $100 per share; 20,000 shares authorized; 7,500 shares and 7,500 shares issued and 6,500 and 7,500 outstanding respectively Common stock, $.001 par value; 2,000,000,000 shares authorized; 580,157,656 and 555,582,656 shares issued and outstanding respectively Shares to be issued Additional paid-in capital Accumulated deficit Total Stockholders' (Deficit) Total Liabilities and Stockholders' Deficit Preferred D stock, shares par value Preferred D stock, shares authorized Preferred D stock, shares issued Preferred D stock, shares outstanding Common stock, shares par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Sales Cost of Goods Sold Gross Profit General and Administrative General and Administrative expense Salaries Professional fees Travel Facility lease Share Based Expense Total Expenses Net Profit / (Loss) From Operations Change in derivative liability Gain / (Loss) on disposition of assets Financing Fees Interest Expense Net Profit / (Loss) Before Income Taxes Income Tax Expense Net Profit / (Loss) Per Share Information: Basic and diluted weighted average number of common shares outstanding Net Profit / (Loss) per common share basic and diluted Per Share Information: Diluted weighted average number of common shares outstanding Net Profit / (Loss) per common share diluted Statement [Table] Statement [Line Items] Balance Balance, shares Shares issued for Note conversions Shares issued for Note conversions, shares Shares issued for Services Shares issued for Services, shares Shares issued for cash Shares issued for cash, shares EX-101.PRE 11 cety-20190630_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT

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Document and Entity Information - shares	Jun. 30, 2019	Aug. 16, 2019
Cover [Abstract]
Entity Registrant Name	Clean Energy Technologies, Inc.
Entity Central Index Key	0001329606
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
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Entity Common Stock, Shares Outstanding		748,657,656
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

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Consolidated Balance Sheet - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash	$ 960,328	$ 6,456
Accounts receivable - net	646,502	724,845
Inventory	767,530	711,894
Right of use asset - current	227,851
Total Current Assets	2,602,211	1,443,195
Property and Equipment - Net	78,438	96,027
Goodwill	747,976	747,976
License	354,322	354,322
Patents	145,261	151,199
Right of use asset - long term	689,246
Other Assets	25,400	25,400
Total Non Current assets	1,962,205	1,278,897
Total Assets	4,642,854	2,818,119
Current Liabilities:
Bank Overdraft		5,850
Accounts payable - trade	1,058,640	1,033,375
Accrued Expenses	1,854,988	1,786,796
Accrued Expenses Related party	192,494	123,394
Customer Deposits	309,230	365,815
Warranty Liability	100,000	100,000
Deferred Revenue	47,750	33,000
Derivative Liability	544,522	245,988
Lease Liability - current	227,851
Notes Payable - Current (net of discount)	3,053,265	2,775,090
Notes Payable - Current - Related Party	919,934	1,144,505
Total Current Liabilities	8,308,674	7,613,813
Long-Term Debt:
Lease Liability - long term	689,246
Net Long-Term Debt	689,246
Total Liabilities	8,997,920	7,613,813
Commitments and contingencies
Stockholders' (Deficit)
Preferred D stock, stated value $100 per share; 20,000 shares authorized; 7,500 shares and 7,500 shares issued and 6,500 and 7,500 outstanding respectively	650,000	750,000
Common stock, $.001 par value; 2,000,000,000 shares authorized; 580,157,656 and 555,582,656 shares issued and outstanding respectively	580,159	555,585
Shares to be issued	932,680	262,000
Additional paid-in capital	6,710,402	5,236,456
Accumulated deficit	(13,228,307)	(11,599,735)
Total Stockholders' (Deficit)	(4,355,066)	(4,795,694)
Total Liabilities and Stockholders' Deficit	$ 4,642,854	$ 2,818,119

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Consolidated Balance Sheet (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred D stock, shares par value	$ 100	$ 100
Preferred D stock, shares authorized	20,000	20,000
Preferred D stock, shares issued	7,500	7,500
Preferred D stock, shares outstanding	6,500	7,500
Common stock, shares par value	$ .001	$ .001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	580,157,656	555,582,656
Common stock, shares outstanding	580,157,656	555,582,656

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Consolidated Statement of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statement of Operations - USD ($)	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Sales	$ 104,168	$ 539,102	$ 328,531	$ 711,493
Cost of Goods Sold	62,055	189,244	211,232	332,958
Gross Profit	42,113	349,858	117,299	378,535
General and Administrative
General and Administrative expense	123,450	119,020	208,173	246,094
Salaries	204,564	154,663	407,867	348,725
Professional fees	66,669	66,765	70,685	88,058
Travel	58,305	14,666	86,107	25,634
Facility lease	80,818	68,346	162,852	139,325
Share Based Expense				91,140
Total Expenses	533,806	423,460	935,684	938,976
Net Profit / (Loss) From Operations	(491,693)	(73,602)	(818,385)	(560,441)
Change in derivative liability	54,803	56,841	(104,930)	(216,337)
Gain / (Loss) on disposition of assets		10,662		4,044
Financing Fees				(378,155)
Interest Expense	(404,905)	(292,043)	(645,257)	(460,511)
Net Profit / (Loss) Before Income Taxes	(841,795)	(298,142)	(1,568,572)	(1,611,400)
Income Tax Expense
Net Profit / (Loss)	$ (841,795)	$ (298,142)	$ (1,568,572)	$ (1,611,400)
Per Share Information:
Basic and diluted weighted average number of common shares outstanding	573,121,330	553,273,461	579,698,041	471,235,772
Net Profit / (Loss) per common share basic and diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Per Share Information:
Diluted weighted average number of common shares outstanding	573,121,330	553,273,461	579,698,041	471,235,772
Net Profit / (Loss) per common share diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)

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Consolidated Statement of Stockholders Equity - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Common Stock To Be Issued [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2017	$ 210,883	$ 750,000	$ 58,000	$ 3,657,653	$ (8,789,717)	$ (4,113,180)
Balance, shares at Dec. 31, 2017	210,881,122	7,500
Shares issued for Note conversions	$ 26,055		(58,000)	203,580		171,635
Shares issued for Note conversions, shares	26,054,672
Shares issued for Services	$ 13,800			59,340		73,140
Shares issued for Services, shares	13,800,000
Shares issued for cash	$ 302,463			604,914		907,377
Shares issued for cash, shares	302,462,667
BCF				532,383		532,383
Shares to be issued			18,000			18,000
Net Loss					(1,313,258)	(1,313,258)
Balance at Mar. 31, 2018	$ 553,201	$ 750,000	18,000	5,057,870	(10,102,975)	(3,723,904)
Balance, shares at Mar. 31, 2018	553,198,461	7,500
Balance at Dec. 31, 2017	$ 210,883	$ 750,000	58,000	3,657,653	(8,789,717)	(4,113,180)
Balance, shares at Dec. 31, 2017	210,881,122	7,500
Net Loss						(1,611,400)
Balance at Jun. 30, 2018	$ 553,201	$ 750,000	18,000	5,185,472	(10,401,117)	(3,894,444)
Balance, shares at Jun. 30, 2018	553,198,461	7,500
Balance at Dec. 31, 2017	$ 210,883	$ 750,000	58,000	3,657,653	(8,789,717)	$ (4,113,180)
Balance, shares at Dec. 31, 2017	210,881,122	7,500
Shares issued for Services, shares						1,500,000
Shares issued for Preferred stock conversion, shares						26,054,672
Balance at Sep. 30, 2018	$ 554,700	$ 750,000		5,201,973	(10,556,501)	$ (4,049,828)
Balance, shares at Sep. 30, 2018	554,698,461	7,500
Balance at Mar. 31, 2018	$ 553,201	$ 750,000	18,000	5,057,870	(10,102,975)	(3,723,904)
Balance, shares at Mar. 31, 2018	553,198,461	7,500
BCF				127,602		127,602
Net Loss					(298,142)	(298,142)
Balance at Jun. 30, 2018	$ 553,201	$ 750,000	18,000	5,185,472	(10,401,117)	(3,894,444)
Balance, shares at Jun. 30, 2018	553,198,461	7,500
Shares issued for Services	$ 1,499		(18,000)	16,501	(2)	(2)
Shares issued for Services, shares	1,500,000
Net Loss					(155,382)	(155,382)
Balance at Sep. 30, 2018	$ 554,700	$ 750,000		5,201,973	(10,556,501)	(4,049,828)
Balance, shares at Sep. 30, 2018	554,698,461	7,500
Shares to be issued for compensation			262,000			262,000
Shares issued for debt conversion	$ 884			34,484		35,368
Shares issued for debt conversion, shares	884,195
Net Loss					(1,043,234)	(1,043,234)
Balance at Dec. 31, 2018	$ 555,584	$ 750,000	262,000	5,236,457	(11,599,735)	(4,795,694)
Balance, shares at Dec. 31, 2018	555,582,656	7,500
Shares to be issued for compensation	$ 20,000		(262,000)	242,000
Shares to be issued for compensation, shares	20,000,000
Net Loss					(726,777)	(726,777)
Balance at Mar. 31, 2019	$ 575,584	$ 750,000		5,478,457	(12,326,512)	(5,522,471)
Balance, shares at Mar. 31, 2019	575,582,656	7,500
Balance at Dec. 31, 2018	$ 555,584	$ 750,000	262,000	5,236,457	(11,599,735)	(4,795,694)
Balance, shares at Dec. 31, 2018	555,582,656	7,500
Net Loss						(1,568,572)
Balance at Jun. 30, 2019	$ 580,159	$ 650,000	932,680	6,710,402	(13,228,307)	(4,355,066)
Balance, shares at Jun. 30, 2019	580,157,656	6,500
Balance at Mar. 31, 2019	$ 575,584	$ 750,000		5,478,457	(12,326,512)	(5,522,471)
Balance, shares at Mar. 31, 2019	575,582,656	7,500
Shares issued for cash	$ 500			9,500		10,000
Shares issued for cash, shares	500,000
Shares to be issued			932,680	1,066,520		1,999,200
Shares to be issued, shares
Shares from administrative hold	$ 75			(75)
Shares from administrative hold, shares	75,000
Preferred shares reclassed		$ (20,000)		20,000
Preferred shares reclassed, shares		(200)
Shares issued for Preferred stock conversion	$ 4,000	$ (80,000)		136,000	(60,000)
Shares issued for Preferred stock conversion, shares	4,000,000	(800)
Net Loss					(841,795)	(841,795)
Balance at Jun. 30, 2019	$ 580,159	$ 650,000	$ 932,680	$ 6,710,402	$ (13,228,307)	$ (4,355,066)
Balance, shares at Jun. 30, 2019	580,157,656	6,500

XML 17 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statement of Stockholders Equity (Parenthetical) - USD ($)	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Debt instrument, convertible, beneficial conversion feature	$ 153,000	$ 939,500

XML 18 R7.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities:
Net Income / ( Loss )	$ (1,568,572)	$ (1,611,400)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	23,527	27,968
Share based compensation		91,140
Loss on disposal of fixed assets		7,947
Financing fees		378,155
Change in Derivative Liability and Debt discount	466,066	379,960
Changes in assets and liabilities:
(Increase) decrease in right of use asset	(917,097)
(Increase) decrease in lease liability	917,097
(Increase) decrease in accounts receivable	78,343	(6,381)
(Increase) decrease in inventory	(55,636)	(19,885)
(Increase) decrease in other assets
(Decrease) increase in accounts payable	25,265	29,334
Other (Decrease) increase in accrued expenses	80,707	68,369
Other (Decrease) increase in accrued expenses -related party	(53,830)	(133,260)
Other (Decrease) increase in deferred revenue	14,750
Other (Decrease) increase in customer deposits	(56,585)
Net Cash Used In Operating Activities	(1,045,965)	(932,759)
Cash Flows from Investing Activities
Purchase property plant and equipment
Cash Flows Used In Investing Activities
Cash Flows from Financing Activities
Bank Overdraft / (Repayment)	(5,850)	(8,585)
Payments on notes payable	(458,000)	(198,296)
Proceeds from stock subscription	1,999,200
Proceeds from notes payable and line of credit	454,487	418,855
Stock issued for cash	10,000	907,377
Cash Flows Provided By Financing Activities	1,999,837	1,119,351
Net (Decrease) Increase in Cash and Cash Equivalents	953,872	186,592
Cash and Cash Equivalents at Beginning of Period	6,456	9,418
Cash and Cash Equivalents at End of Period	960,328	196,010
Supplemental Cashflow Information:
Interest Paid	217,878	219,080
Taxes Paid
Supplemental Non-Cash Disclosure
Shares issued for Services		91,140
Shares issued for preferred conversions	80,000
Shares issued for note conversions		$ 237,192

XML 19 R8.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

NOTE 1 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Estimates

Cash and Cash Equivalents

Accounts Receivable

Inventory

Property and Equipment

Furniture and fixtures	3 to 7 years
Equipment	7 to 10 years
Leasehold Improvements	7 years

Long –Lived Assets

Revenue Recognition

	●	Identify the contract with the customer
	●	Identify the performance obligations in the contract
	●	Determine the transaction price
	●	Allocate the transaction price to the performance obligations in the contract
	●	Recognize revenue when the company satisfies a performance obligation

Customer Deposits as of December 31, 2018	$	365,815
Customer Deposits applied		(56,585	)
New customer Deposits		-
Customer Deposits as of June 30, 2019	$	309,230

Deferred revenue December 31, 2018	$	33,000
Deferred revenue recognized in the Six months ended June 30, 2019		-
Additional deferred revenue added in the Six months ended June 30, 2019		14,750
Deferred revenue June 30, 2019	$	47,750

The following steps are applied to our contract manufacturing revenue:

	●	We generate a quotation
	●	We receive Purchase orders from our customers.
	●	We build the product to their specification
	●	We invoice at the time of shipment
	●	The terms are typically Net 30 days

Fair Value of Financial Instruments

	●	Level 1: Quoted prices in active markets for identical assets or liabilities.

	●	Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

	●	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The carrying amounts of the Company’s financial instruments as of December 31 2018 and June 30, 2019, reflect:

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – December 31, 2018	$	–	$	–	$	245,988	$	245,988

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – June 30, 2019	$	–	$	–	$	544,522	$	544,522

The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments.

Other Comprehensive Income

We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods.

Net Profit (Loss) per Common Share

Research and Development

We had no amounts of research and development expense during the three months ended June 30, 2019 and 2018.

Segment Disclosure

Selected Financial Data:

	Six months ended June 30,
	2019			2018
Net Sales
Electronics Assembly	$	226,206		$	319,399
Clean Energy HRS		46,137			392,094
Cety Europe		56,188			-
Total Sales		328,531			711,493

Segment income and reconciliation before tax
Electronics Assembly		38,720			105,259
Clean Energy HRS		37,463			273,276
Cety Europe		41,116			-
Total Segment income		117,299			378,535

Reconciling items
General and Administrative expense		(208,173	)		(409,717	)
Salaries		(407,867	)		(348,725	)
Professional fees		(70,685	)		(88,058	)
Travel		(86,107	)		(25,634	)
Facility lease		(162,852	)		(139,325	)
Share Based Expense		-			(91,140	)
Change in derivative liability		(104,930	)		(216,337	)
Gain / (Loss) on disposition of assets		-			4,044
Financing fees		-			(378,155	)
Interest expense		(645,257	)		(460,511	)
Net Loss before income tax	$	(1,568,572	)	$	(1,611,400	)

	June 30, 2019		June 30, 2018
Total Assets
Electronics Assembly	$	2,728,606	$	1,303,343
Clean Energy HRS		1,884,847		1,649,116
Cety Europe		29,401		-
	$	4,642,854	$	2,952,459

Share-Based Compensation

Income Taxes

Federal Income taxes are not currently due since we have had losses since inception.

	June 30, 2019			December 31, 2018
Deferred Tax Asset	$	837,489		$	515,944
Valuation Allowance		(837,489	)		(515,944	)
Deferred Tax Asset (Net)	$	-		$	-

This resulted in a change in control, which limited the net operating to that date forward.

Reclassification

Going Concern

XML 20 R9.htm IDEA: XBRL DOCUMENT

Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2019

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS

The Company is reviewing the effects of following recent updates. The Company has no expectation that any of these items will have a material effect upon the financial statements.

	●	Update 2019-04—Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments

	●	Update 2019-01—Leases (Topic 842): Codification Improvements

	●	Update 2018-17—Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities

	●	Update 2018-13—Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement

	●	Update 2018-08—Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities

	●	Update 2018-05—Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets

	●	Update 2018-04—Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment

	●	Update 2018-03—Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2017 and November 17, 2017 EITF Meetings (SEC Update)

	●	Update 2018-01—Business Combinations (Topic 805): Clarifying the Definition of a Business

XML 21 R10.htm IDEA: XBRL DOCUMENT

Accounts and Notes Receivable

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Accounts and Notes Receivable

NOTE 3 – ACCOUNTS AND NOTES RECEIVABLE

	June 30, 2019			December 31, 2018
Accounts Receivable Trade	$	703,502		$	781,845
Less Reserve for uncollectable accounts		(57,000	)		(57,000	)
Accounts receivable - net	$	646,502		$	724,845

XML 22 R11.htm IDEA: XBRL DOCUMENT

Inventory

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventory

NOTE 4 – INVENTORY

Inventories by major classification were comprised of the following at:

	June 30, 2019			December 31, 2018
Raw Material	$	946,559		$	952,214
Work in Process		70,971			9,680
Total		1,017,530			961,894
Less reserve for excess or obsolete inventory		(250,000	)		(250,000	)
Total Inventory	$	767,530		$	711,894

XML 23 R12.htm IDEA: XBRL DOCUMENT

Property and Equipment

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 5 – PROPERTY AND EQUIPMENT

Property and equipment were comprised of the following at:

	June 30, 2019			December 31, 2018
Capital Equipment	$	1,342,794		$	1,342,794
Leasehold improvements		75,436			75,436
Accumulated Depreciation		(1,339,792	)		(1,322,203	)
Property and Equipment - Net	$	78,438		$	96,027

XML 24 R13.htm IDEA: XBRL DOCUMENT

Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 6 – INTANGIBLE ASSETS

Intangible assets were comprised of the following at:

	June 30, 2019			December 31, 2018
Goodwill	$	747,976		$	747,976
License		354,322			354,322
Patents		190,789			190,789
Accumulated Amortization		(45,528	)		(39,590	)
Net Intangible Assets	$	1,247,559		$	1,253,497

Our Amortization Expense for the three months ended June 30, 2019 and 2018 was $2,969 and 2,969 respectively.

XML 25 R14.htm IDEA: XBRL DOCUMENT

Accrued Expenses

6 Months Ended

Jun. 30, 2019

Payables and Accruals [Abstract]

Accrued Expenses

NOTE 7 – ACCRUED EXPENSES

	June 30, 2019		December 31, 2018

Accrued Wages	$	209,570	$	224,514
Accrued Interest		549,560		466,425
Accrued Interest Related party		192,495		123,394
Customer Deposit		309,230		365,815
Accrued Payable to GE - TSA		972,231		972,231
Accrued Rents and Moving Expenses		123,626		123,626
	$	2,356,712	$	2,276,005

XML 26 R15.htm IDEA: XBRL DOCUMENT

Notes Payable

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Notes Payable

NOTE 8 – NOTES PAYABLE

On April 15, 2019 we received an advance from an un-related party for $40,000, this advance has no interest rate or repayment terms.

Convertible notes

XML 27 R16.htm IDEA: XBRL DOCUMENT

Derivative Liabilities

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Liabilities

Note 9 – Derivative Liabilities

Derivative Liabilities on Convertible Loans:

	June 30, 2019		December 31, 2018

Outstanding Balance	$	544,522	$	245,988

XML 28 R17.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Operating Rental Leases

Year	Lease Payment
2019	$	101,870
2020	$	241,884
2021	$	249,132
2022	$	256,608
2023	$	44,052

Severance Benefits

XML 29 R18.htm IDEA: XBRL DOCUMENT

Capital Stock Transactions

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Capital Stock Transactions

NOTE 11 – CAPITAL STOCK TRANSACTIONS

Common Stock Transactions

On February 13, 2018, Clean Energy Technologies, Inc., a Nevada corporation (the “Registrant” or “Corporation”) entered into a Common Stock Purchase Agreement (“Stock Purchase Agreement”) by and between MGW Investment I Limited (“MGWI”) and the Corporation. The Corporation received $907,377 in exchange for the issuance of 302,462,667 restricted shares of the Corporation’s common stock, par value $.001 per share (the “Common Stock”), as disclosed on form 8K on February 15, 2018.

On October 9, 2018 we issued 884,195 shares @ .04 for payment of an accounts payable in the amount of $35,367.

On February 13, 2019 we issued 20,000,000 @ $.0131 to Kambiz Mahdi our CEO as additional compensation accrued for in 2018 in the amount of $262,000.

During the quarter ended June 30, 2019 we returned 75,000 from an administrative hold due to the fact that we cannot locate the recipients to the replaced shares.

Common Stock

Preferred Stock

Warrants

Warrant Activity

	Warrants - Common Share Equivalents		Weighted Average Exercise price		Warrants exercisable - Common Share Equivalents		Weighted Average Exercise price
Outstanding December 31, 2018		-	$	-		-	$	-
Issued		168,500,000	$	0.04		168,500,000	$	0.04
Exercised		-		-		-
Expired		-		-		-		-
Outstanding June 30, 2019		168,500,000	$	0.04		168,500,000	$	0.04

Stock Options

As of June 30, 2019, and December 31, 2018 there were no outstanding stock options

XML 30 R19.htm IDEA: XBRL DOCUMENT

Related Party Transactions

6 Months Ended

Jun. 30, 2019

Related Party Transactions

NOTE 12 – RELATED PARTY TRANSACTIONS

On February 15, 2018 we issued 9,200,000 @ .0053 as additional compensation in the amount of $48,760.

XML 31 R20.htm IDEA: XBRL DOCUMENT

Warranty Liability

6 Months Ended

Jun. 30, 2019

Warranty Liability Abstract

Warranty Liability

Note 13 - Warranty Liability

There was no change in our warranty liability for the three and three months ended June 30, 2019.

Our policy is to accrue 2% of revenue for warranty liability, however our experience has been low due to the claim experience that we feel that the current warranty accrual is reasonable.

XML 32 R21.htm IDEA: XBRL DOCUMENT

Subsequent Events

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

NOTE 14 – SUBSEQUENT EVENTS

XML 33 R22.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Estimates

Estimates

Cash and Cash Equivalents

Cash and Cash Equivalents

Accounts Receivable

Accounts Receivable

Inventory

Inventory

Property and Equipment

Property and Equipment

Furniture and fixtures	3 to 7 years
Equipment	7 to 10 years
Leasehold Improvements	7 years

Long - Lived Assets

Long –Lived Assets

Revenue Recognition

Revenue Recognition

	●	Identify the contract with the customer
	●	Identify the performance obligations in the contract
	●	Determine the transaction price
	●	Allocate the transaction price to the performance obligations in the contract
	●	Recognize revenue when the company satisfies a performance obligation

Customer Deposits as of December 31, 2018	$	365,815
Customer Deposits applied		(56,585	)
New customer Deposits		-
Customer Deposits as of June 30, 2019	$	309,230

Deferred revenue December 31, 2018	$	33,000
Deferred revenue recognized in the Six months ended June 30, 2019		-
Additional deferred revenue added in the Six months ended June 30, 2019		14,750
Deferred revenue June 30, 2019	$	47,750

The following steps are applied to our contract manufacturing revenue:

	●	We generate a quotation
	●	We receive Purchase orders from our customers.
	●	We build the product to their specification
	●	We invoice at the time of shipment
	●	The terms are typically Net 30 days

Fair Value of Financial Instruments

Fair Value of Financial Instruments

	●	Level 1: Quoted prices in active markets for identical assets or liabilities.

	●	Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

	●	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The carrying amounts of the Company’s financial instruments as of December 31 2018 and June 30, 2019, reflect:

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – December 31, 2018	$	–	$	–	$	245,988	$	245,988

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – June 30, 2019	$	–	$	–	$	544,522	$	544,522

The carrying amount of accounts payable and accrued expenses are considered to be representative of their respective fair values because of the short-term nature of these financial instruments.

Other Comprehensive Income

Other Comprehensive Income

We have no material components of other comprehensive income (loss) and accordingly, net loss is equal to comprehensive loss in all periods.

Net Profit (loss) Per Common Share

Net Profit (Loss) per Common Share

Research and Development

Research and Development

We had no amounts of research and development expense during the three months ended June 30, 2019 and 2018.

Segment Disclosure

Segment Disclosure

Selected Financial Data:

	Six months ended June 30,
	2019			2018
Net Sales
Electronics Assembly	$	226,206		$	319,399
Clean Energy HRS		46,137			392,094
Cety Europe		56,188			-
Total Sales		328,531			711,493

Segment income and reconciliation before tax
Electronics Assembly		38,720			105,259
Clean Energy HRS		37,463			273,276
Cety Europe		41,116			-
Total Segment income		117,299			378,535

Reconciling items
General and Administrative expense		(208,173	)		(409,717	)
Salaries		(407,867	)		(348,725	)
Professional fees		(70,685	)		(88,058	)
Travel		(86,107	)		(25,634	)
Facility lease		(162,852	)		(139,325	)
Share Based Expense		-			(91,140	)
Change in derivative liability		(104,930	)		(216,337	)
Gain / (Loss) on disposition of assets		-			4,044
Financing fees		-			(378,155	)
Interest expense		(645,257	)		(460,511	)
Net Loss before income tax	$	(1,568,572	)	$	(1,611,400	)

	June 30, 2019		June 30, 2018
Total Assets
Electronics Assembly	$	2,728,606	$	1,303,343
Clean Energy HRS		1,884,847		1,649,116
Cety Europe		29,401		-
	$	4,642,854	$	2,952,459

Share - Based Compensation

Share-Based Compensation

Income Taxes

Income Taxes

Federal Income taxes are not currently due since we have had losses since inception.

	June 30, 2019			December 31, 2018
Deferred Tax Asset	$	837,489		$	515,944
Valuation Allowance		(837,489	)		(515,944	)
Deferred Tax Asset (Net)	$	-		$	-

This resulted in a change in control, which limited the net operating to that date forward.

Reclassification

Reclassification

Going Concern

XML 34 R23.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Schedule of Property and Equipment Estimated Useful Lives

Depreciation and amortization are computed on the straight-line method over the following estimated useful lives of the related assets:

Furniture and fixtures	3 to 7 years
Equipment	7 to 10 years
Leasehold Improvements	7 years

Summary of Customer Deposit Activity

The following is table summarizes the customer deposit activity for the six months ended June 30, 2019:

Customer Deposits as of December 31, 2018	$	365,815
Customer Deposits applied		(56,585	)
New customer Deposits		-
Customer Deposits as of June 30, 2019	$	309,230

Summary of Deferred Revenue Activity

The following is table summarizes the deferred revenue activity for the six months ended June 30, 2019:

Deferred revenue December 31, 2018	$	33,000
Deferred revenue recognized in the Six months ended June 30, 2019		-
Additional deferred revenue added in the Six months ended June 30, 2019		14,750
Deferred revenue June 30, 2019	$	47,750

Schedule of Fair Value of Convertible Notes Derivative Liability

The carrying amounts of the Company’s financial instruments as of December 31 2018 and June 30, 2019, reflect:

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – December 31, 2018	$	–	$	–	$	245,988	$	245,988

	Level 1		Level 2		Level 3		Total

Fair value of convertible notes derivative liability – June 30, 2019	$	–	$	–	$	544,522	$	544,522

Schedule of Segment Reporting

Selected Financial Data:

	Six months ended June 30,
	2019			2018
Net Sales
Electronics Assembly	$	226,206		$	319,399
Clean Energy HRS		46,137			392,094
Cety Europe		56,188			-
Total Sales		328,531			711,493

Segment income and reconciliation before tax
Electronics Assembly		38,720			105,259
Clean Energy HRS		37,463			273,276
Cety Europe		41,116			-
Total Segment income		117,299			378,535

Reconciling items
General and Administrative expense		(208,173	)		(409,717	)
Salaries		(407,867	)		(348,725	)
Professional fees		(70,685	)		(88,058	)
Travel		(86,107	)		(25,634	)
Facility lease		(162,852	)		(139,325	)
Share Based Expense		-			(91,140	)
Change in derivative liability		(104,930	)		(216,337	)
Gain / (Loss) on disposition of assets		-			4,044
Financing fees		-			(378,155	)
Interest expense		(645,257	)		(460,511	)
Net Loss before income tax	$	(1,568,572	)	$	(1,611,400	)

	June 30, 2019		June 30, 2018
Total Assets
Electronics Assembly	$	2,728,606	$	1,303,343
Clean Energy HRS		1,884,847		1,649,116
Cety Europe		29,401		-
	$	4,642,854	$	2,952,459

Schedule of Deferred Tax Asset

At June 30, 2019, the Company had not taken any tax positions that would require disclosure under FASB ASC 740.

	June 30, 2019			December 31, 2018
Deferred Tax Asset	$	837,489		$	515,944
Valuation Allowance		(837,489	)		(515,944	)
Deferred Tax Asset (Net)	$	-		$	-

XML 35 R24.htm IDEA: XBRL DOCUMENT

Accounts and Notes Receivable (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Schedule of Accounts and Notes Receivable

	June 30, 2019			December 31, 2018
Accounts Receivable Trade	$	703,502		$	781,845
Less Reserve for uncollectable accounts		(57,000	)		(57,000	)
Accounts receivable - net	$	646,502		$	724,845

XML 36 R25.htm IDEA: XBRL DOCUMENT

Inventory (Tables)

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories by major classification were comprised of the following at:

	June 30, 2019			December 31, 2018
Raw Material	$	946,559		$	952,214
Work in Process		70,971			9,680
Total		1,017,530			961,894
Less reserve for excess or obsolete inventory		(250,000	)		(250,000	)
Total Inventory	$	767,530		$	711,894

XML 37 R26.htm IDEA: XBRL DOCUMENT

Property and Equipment (Tables)

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment were comprised of the following at:

	June 30, 2019			December 31, 2018
Capital Equipment	$	1,342,794		$	1,342,794
Leasehold improvements		75,436			75,436
Accumulated Depreciation		(1,339,792	)		(1,322,203	)
Property and Equipment - Net	$	78,438		$	96,027

XML 38 R27.htm IDEA: XBRL DOCUMENT

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets

Intangible assets were comprised of the following at:

	June 30, 2019			December 31, 2018
Goodwill	$	747,976		$	747,976
License		354,322			354,322
Patents		190,789			190,789
Accumulated Amortization		(45,528	)		(39,590	)
Net Intangible Assets	$	1,247,559		$	1,253,497

XML 39 R28.htm IDEA: XBRL DOCUMENT

Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2019

Payables and Accruals [Abstract]

Schedule of Accrued Expenses

	June 30, 2019		December 31, 2018

Accrued Wages	$	209,570	$	224,514
Accrued Interest		549,560		466,425
Accrued Interest Related party		192,495		123,394
Customer Deposit		309,230		365,815
Accrued Payable to GE - TSA		972,231		972,231
Accrued Rents and Moving Expenses		123,626		123,626
	$	2,356,712	$	2,276,005

XML 40 R29.htm IDEA: XBRL DOCUMENT

Derivative Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Liabilities on Convertible Loans

	June 30, 2019		December 31, 2018

Outstanding Balance	$	544,522	$	245,988

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959

+ Details

XML 41 R30.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Lease Payments

Future minimum lease payments for the years ended December 31, as follows:

Year	Lease Payment
2019	$	101,870
2020	$	241,884
2021	$	249,132
2022	$	256,608
2023	$	44,052

XML 42 R31.htm IDEA: XBRL DOCUMENT

Capital Stock Transactions (Tables)

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Schedule of Warrant Activity

	Warrants - Common Share Equivalents		Weighted Average Exercise price		Warrants exercisable - Common Share Equivalents		Weighted Average Exercise price
Outstanding December 31, 2018		-	$	-		-	$	-
Issued		168,500,000	$	0.04		168,500,000	$	0.04
Exercised		-		-		-
Expired		-		-		-		-
Outstanding June 30, 2019		168,500,000	$	0.04		168,500,000	$	0.04

XML 43 R32.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies (Details Narrative) - USD ($)		3 Months Ended						6 Months Ended
	Feb. 13, 2018	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2017
FDIC insured amount		$ 250,000						$ 250,000
Reserve for potentially un-collectable accounts		57,000		$ 57,000				57,000
Inventory reserves		$ 250,000		$ 250,000				$ 250,000
Outstanding common shares		580,157,656		555,582,656		580,157,656		580,157,656	580,157,656
Basic Weighted average common shares and equivalents								579,698,041	471,235,772
Number of shares convertible into additional common shares								613,000,000
Adjustment of retained earnings on conversion of preferred shares		$ 60,000						$ 60,000
Research and development expense
Share-based compensation									91,140
Income tax examination description								On December 22, 2018 H.R. 1, originally known as the Tax Cuts and Jobs Act, (the “Tax Act”) was enacted. Among the significant changes to the U.S. Internal Revenue Code, the Tax Act lowers the U.S. federal corporate income tax rate (“Federal Tax Rate”) from 35% to 21% effective January 1, 2018. The Company will compute its income tax expense for the three months ended June 30, 2019 using a Federal Tax Rate of 21%.
Federal corporate income tax rate								21.00%
Net operating loss carry-forward		(3,988,042)						$ (3,988,042)
Deferred tax asset		837,489						$ 837,489
Deferred tax asset future periods								The deferred tax asset may be recognized in future periods, not to exceed 20 years.
Valuation allowance		$ 837,489						$ 837,489
Common stock, shares par value		$ .001		$ .001				$ .001
Operating lease average borrowing rate		5.00%						5.00%
Stockholder’s deficit		$ (4,355,066)	$ (5,522,471)	$ (4,795,694)	$ (4,049,828)	$ (3,894,444)	$ (3,723,904)	$ (4,355,066)	(3,894,444)	$ (4,113,180)
Accumulated deficit		(13,228,307)		(11,599,735)				(13,228,307)
Working capital deficit		5,706,463						5,706,463
Net loss		$ (841,795)	$ (726,777)	$ (1,043,234)	$ (155,382)	$ (298,142)	$ (1,313,258)	$ (1,568,572)	$ (1,611,400)
Nevada Corporation [Member] \| Stock Purchase Agreement [Member]
Proceeds from issuance of common stock	$ 907,388
Number of restricted shares issuance	302,462,667
Common stock, shares par value	$ 0.001
Accounts Receivable [Member] \| Five Customers [Member]
Concentration percentage								96.00%

XML 44 R33.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Property and Equipment Estimated Useful Lives (Details)	6 Months Ended
	Jun. 30, 2019
Furniture and Fixtures [Member] \| Minimum [Member]
Property and equipment estimated useful lives	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property and equipment estimated useful lives	7 years
Equipment [Member] \| Minimum [Member]
Property and equipment estimated useful lives	7 years
Equipment [Member] \| Maximum [Member]
Property and equipment estimated useful lives	10 years
Leasehold Improvements [Member]
Property and equipment estimated useful lives	7 years

XML 45 R34.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies - Summary of Customer Deposit Activity (Details)	6 Months Ended
	Jun. 30, 2019 USD ($)
Accounting Policies [Abstract]
Customer Deposits as of December 31, 2018	$ 365,815
Customer Deposits applied	(56,585)
New customer Deposits
Customer Deposits as of June 30, 2019	$ 309,230

XML 46 R35.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies - Summary of Deferred Revenue Activity (Details)	6 Months Ended
	Jun. 30, 2019 USD ($)
Accounting Policies [Abstract]
Deferred revenue December 31, 2018	$ 33,000
Deferred revenue recognized in the Quarter
Additional deferred revenue added in the Quarter	14,750
Deferred revenue June 30, 2019	$ 47,750

XML 47 R36.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Fair Value of Convertible Notes Derivative Liability (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair value of convertible notes derivative liability	$ 544,522	$ 245,988
Level 1 [Member]
Fair value of convertible notes derivative liability
Level 2 [Member]
Fair value of convertible notes derivative liability
Level 3 [Member]
Fair value of convertible notes derivative liability	$ 544,522	$ 245,988

XML 48 R37.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Segment Reporting (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Total Sales	$ 104,168	$ 539,102	$ 328,531	$ 711,493
Total Segment income			117,299	378,535
General and Administrative expense	(123,450)	(119,020)	(208,173)	(246,094)
Salaries	(204,564)	(154,663)	(407,867)	(348,725)
Professional fees	(66,669)	(66,765)	(70,685)	(88,058)
Travel	(58,305)	(14,666)	(86,107)	(25,634)
Facility lease			(162,852)	(139,325)
Share Based Expense				(91,140)
Change in derivative liability	54,803	56,841	(104,930)	(216,337)
Gain / (Loss) on disposition of assets		10,662		4,044
Financing Fees				378,155
Interest expense	(404,905)	(292,043)	(645,257)	(460,511)
Net Loss before income tax	(841,795)	(298,142)	(1,568,572)	(1,611,400)
Total Assets	4,642,854	2,952,459	4,642,854	2,952,459	$ 2,818,119
Electronics Assembly [Member]
Total Sales			226,206	319,399
Total Segment income			38,720	105,259
Total Assets	2,728,606	1,303,343	2,728,606	1,303,343
Clean Energy HRS [Member]
Total Sales			46,137	392,094
Total Segment income			37,463	273,276
Total Assets	1,884,847	1,649,116	1,884,847	1,649,116
Cety Europe [Member]
Total Sales			56,188
Total Segment income			41,116
Total Assets	$ 29,401		$ 29,401

XML 49 R38.htm IDEA: XBRL DOCUMENT

Basis of Presentation and Summary of Significant Accounting Policies (Details)	Jun. 30, 2019 USD ($)
Accounting Policies [Abstract]
Deferred Tax Asset	$ 837,489
Valuation Allowance	(837,489)
Deferred Tax Asset (Net)

XML 50 R39.htm IDEA: XBRL DOCUMENT

Recent Accounting Pronouncements (Details Narrative)	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Lease payments, average borrowing rate	5.00%

XML 51 R40.htm IDEA: XBRL DOCUMENT

Accounts and Notes Receivable - Schedule of Accounts and Notes Receivable (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Accounts Receivable Trade	$ 703,502	$ 781,845
Less Reserve for uncollectable accounts	(57,000)	(57,000)
Accounts receivable - net	$ 646,502	$ 724,845

XML 52 R41.htm IDEA: XBRL DOCUMENT

Inventory - Schedule of Inventories (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw Material	$ 946,559	$ 952,214
Work in Process	70,971	9,680
Total	1,017,530	961,894
Less reserve for excess or obsolete inventory	(250,000)	(250,000)
Total Inventory	$ 767,530	$ 711,894

XML 53 R42.htm IDEA: XBRL DOCUMENT

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
Property and Equipment (Details Narrative) - USD ($)	Jun. 30, 2019	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 8,793	$ 17,586

XML 54 R43.htm IDEA: XBRL DOCUMENT

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Capital Equipment	$ 1,342,794	$ 1,342,794
Leasehold improvements	75,436	75,436
Accumulated Depreciation	(1,339,792)	(1,322,203)
Property and Equipment - Net	$ 78,438	$ 96,027

XML 55 R44.htm IDEA: XBRL DOCUMENT

Intangible Assets (Details Narrative) - USD ($)	3 Months Ended
Intangible Assets (Details Narrative) - USD ($)	Jun. 30, 2019	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 2,969	$ 2,969

XML 56 R45.htm IDEA: XBRL DOCUMENT

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 747,976	$ 747,976
License	354,322	354,322
Patents	145,261	151,199
Accumulated Amortization	(45,528)	(39,590)
Net Intangible Assets	$ 1,247,559	$ 1,253,497

XML 57 R46.htm IDEA: XBRL DOCUMENT

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Accrued Wages	$ 209,570	$ 224,514
Accrued Interest	549,560	466,425
Accrued Interest Related party	192,495	123,394
Customer Deposit	309,230	365,815
Accrued Payable to GE - TSA	972,231	972,231
Accrued Rents and Moving Expenses	123,626	123,626
Accrued Liabilities	$ 2,356,712	$ 2,276,005

XML 58 R47.htm IDEA: XBRL DOCUMENT

Notes Payable (Details Narrative)																					3 Months Ended		6 Months Ended
Notes Payable (Details Narrative)	Apr. 09, 2019 USD ($) d	Feb. 13, 2019 USD ($) d	Jan. 10, 2019 USD ($)	Dec. 13, 2018 USD ($) d	Sep. 21, 2018 USD ($)	Jul. 21, 2018	Jun. 21, 2018 USD ($)	Feb. 13, 2018 USD ($) $ / shares shares	Feb. 08, 2018 USD ($) d $ / shares	Jan. 04, 2018 USD ($) $ / shares shares	Aug. 17, 2017 USD ($) d	Jul. 25, 2017 USD ($) d	May 24, 2017 USD ($) d	May 05, 2017 USD ($) d	Jan. 12, 2017 USD ($)	Jan. 09, 2017 USD ($) shares	Dec. 16, 2016 USD ($) $ / shares shares	Nov. 02, 2016 USD ($) $ / shares	Sep. 06, 2016 USD ($) d	Sep. 11, 2015 USD ($)	Jun. 30, 2018 USD ($)	Mar. 31, 2018 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Apr. 15, 2019 USD ($)	Dec. 31, 2018 USD ($)	Nov. 06, 2017 USD ($)	Sep. 15, 2016 USD ($)	Dec. 31, 2015 USD ($)	Nov. 11, 2013	Sep. 06, 2013 USD ($)
Short-term note payable																							$ 38,500
Debt conversion of convertible debt																								$ 237,192
Accrued interest																							549,560			$ 466,425
Beneficial conversion feature																					$ 153,000	$ 939,500
One-Year Convertible Note Payable [Member]
Debt interest rate																			12.00%
Convertible note payable																			$ 87,500
Debt conversion percentage																			55.00%
Debt trading days \| d																			20
Debt conversion of convertible debt shares \| shares										2,300,000							1,200,000
Debt conversion price per share \| $ / shares										$ .002192							$ .0031
Debt conversion of convertible debt										$ 5,042							$ 3,696
Convertible Notes [Member]
Debt principal amount															$ 24,228	$ 11,544
Debt conversion of convertible debt shares \| shares																7,000,000
Debt conversion of convertible debt															26,117	$ 15,400
Repayments of convertible debt																89,401		$ 84,000
Accrued interest															1,899	3,855
July 2016 Convertible Note [Member]
Repayments of convertible debt																89,401
Remaining due and payable																$ 66,205
September 2016 Convertible Note [Member]
Remaining due and payable															60,941
Canceled consideration of payment															$ 97,506
Nine-Month Convertible Note Payable [Member]
Debt interest rate													12.00%	12.00%
Convertible note payable													$ 32,000	$ 78,000
Debt conversion percentage													58.00%	61.00%
Debt trading days \| d													15	15
Convertible Note Payable [Member]
Debt interest rate	12.00%	12.00%		12.00%							12.00%	12.00%
Debt maturity date	Apr. 09, 2020	Feb. 13, 2020		Dec. 13, 2019							May 30, 2018	Apr. 25, 2018
Convertible note payable	$ 53,000	$ 138,000		$ 83,000							$ 68,000	$ 103,000
Debt conversion percentage	65.00%	65.00%		65.00%							58.00%	60.00%
Debt trading days \| d	15	15		15							15	20
Convertible Promissory Note [Member]
Debt interest rate									12.00%
Debt principal amount									$ 153,123
Debt maturity date									Oct. 08, 2018
MGWI Note [Member]
Debt interest rate									12.00%
Debt principal amount									$ 103,000
Debt maturity date									Apr. 25, 2018
Debt conversion percentage									40.00%
Debt trading days \| d									20
Debt conversion price per share \| $ / shares									$ 0.003
Beneficially owned percentage description									At December 31, 2018 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature.
Heat Recovery Solutions [Member]
Short-term note payable																				$ 1,200,000									$ 200,000
Debt interest rate																				2.66%
Debt principal amount																				$ 1,400,000
Pension liability																				100,000
Total liability in connection with acquisition.																				$ 1,500,000
Debt payment description																				(a) $200,000 in principal on December 31, 2015 and (b) thereafter, the remaining principal amount of $1,200,000, together with interest thereon, payable in equal six months ended June 30, 2019 installments of principal and interest of $157,609, commencing on December 31, 2016 and continuing until December 31, 2018 at which time the remaining unpaid principal amount of this note and all accrued and unpaid interest thereon shall be due and payable in full
MGW Investment I Limited [Member] \| Promissory Note [Member]
Debt interest rate			8.00%		8.00%	8.00%	8.00%
Debt principal amount			$ 25,000		$ 100,000		$ 250,000
Debt maturity date			Jan. 10, 2020		Sep. 21, 2019	Jun. 21, 2019	Jun. 21, 2019
Cybernaut Zfounder Ventures [Member] \| Nine-Month Convertible Note Payable [Member]
Debt interest rate																											14.00%
Debt principal payments of debt																											$ 116,600
Cybernaut Zfounder Ventures [Member] \| Nine-Month Convertible Note Payable One [Member]
Debt interest rate																											14.00%
Debt principal payments of debt																											$ 95,685
MGW Investment I Limited and Affliates [Member]
Common stock issued and outstanding percentage									65.00%
Accounts Receivable Financing Agreement [Member] \| American Interbanc [Member]
Short-term note payable																							1,506,425
Debt interest rate																														2.50%
Escrow Funding Agreement [Member] \| Red Dot Investment, Inc., [Member] \| Convertible Notes [Member]
Debt interest rate																		10.00%
Debt conversion percentage																		10.00%
Debt conversion price per share \| $ / shares																		$ .005
Convertible Note Purchase Agreement [Member] \| Corporation and Confections Ventures Limited [Member]
Debt interest rate								10.00%
Debt principal amount								$ 939,500
Debt maturity date								Feb. 13, 2020
Debt conversion of convertible debt shares \| shares								800,000,000
Debt conversion price per share \| $ / shares								$ 0.003
Debt conversion of convertible debt								$ 939,500
Beneficial conversion feature								$ 532,383
Individual [Member]
Short-term note payable																															$ 50,000
Fixed fee amount																															$ 3,500
Meddy Sahebi [Member]
Short-term note payable																							$ 5,000
Due to related parties																												$ 5,000
Un-related Party [Member]
Debt principal amount																									$ 40,000

XML 59 R48.htm IDEA: XBRL DOCUMENT

Derivative Liabilities (Details Narrative)	6 Months Ended
Derivative Liabilities (Details Narrative)	Jun. 30, 2019
Expected Volatility [Member]
Fair value measurement percentage	163.00%
Risk Free Interest Rate [Member]
Fair value measurement percentage	2.09%

XML 60 R49.htm IDEA: XBRL DOCUMENT

Derivative Liabilities - Schedule of Derivative Liabilities on Convertible Loans (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Liabilities on Convertible Loans Outstanding Balance	$ 544,522	$ 245,988

XML 61 R50.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies (Details Narrative)		1 Months Ended	3 Months Ended		6 Months Ended
Commitments and Contingencies (Details Narrative)	Mar. 10, 2016 ft²	Oct. 31, 2018	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)
Sublease agreement description		we signed a sublease agreement with our facility in Italy with an indefinite term that may be terminated by either party with a 60 day notice for 1,000 Euro per month.
Operating lease rent expense			$ 80,818	$ 68,346	$ 162,852	$ 139,325
Operating lease, ROU asset			917,097		917,097
Operating lease liability			$ 917,097		917,097
CTU Industrial Building [Member]
Building space for lease \| ft²	18,200
Lease term description	The lease term at the new facility is seven years and two months beginning October 1, 2016.
Oberon Securities [Member]
Invoice received from related party					$ 291,767

XML 62 R51.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details)	Dec. 31, 2018 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 101,870
2020	241,884
2021	249,132
2022	256,608
2023	$ 44,052

XML 63 R52.htm IDEA: XBRL DOCUMENT

Capital Stock Transactions (Details Narrative) - USD ($)									3 Months Ended		6 Months Ended	9 Months Ended
	Aug. 04, 2019	Jun. 10, 2019	May 31, 2019	Feb. 13, 2019	Oct. 09, 2018	Feb. 13, 2018	Aug. 21, 2014	Aug. 07, 2013	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2019	Sep. 30, 2018	Apr. 30, 2019	Mar. 22, 2019	Dec. 31, 2018	Jun. 30, 2018	Apr. 28, 2018	Dec. 31, 2017	May 25, 2006	Apr. 21, 2005
Common stock, shares authorized									2,000,000,000		2,000,000,000		2,000,000,000		2,000,000,000
Common stock, shares par value									$ .001		$ .001				$ .001
Preferred stock, shares authorized									20,000		20,000				20,000
Number of shares conversion of convertible notes					884,195							26,054,672
Number of shares issued for additional compensation												13,800,000
Number of shares issued for consulting services												1,500,000
Value of shares conversion of convertible notes					$ 35,367
Shares issued price per share					$ .04
Number of common stock shares issued for conversion											613,000,000
Common stock, shares outstanding									580,157,656		580,157,656				555,582,656	580,157,656
Preferred D stock, shares par value									$ 100		$ 100				$ 100
Preferred shares reclassed
Preferred stock, shares outstanding									6,500		6,500				7,500
Number of outstanding stock options
Series F Warrants [Member]
Warrant is exercisable price per share									$ .10		$ .10
Warrant to purchase shares of common stock									375,000		375,000
Series G Warrants [Member]
Warrant is exercisable price per share									$ .20		$ .20
Warrant to purchase shares of common stock									375,000		375,000
Accredited Investor [Member]
Number of stock sale shares		500,000
Purchase price of shares sale		$ 10,000
Sale of stock price per share		$ .02
Warrant is exercisable price per share		$ .04
Number of warrant shares issued		500,000
Accredited Investor [Member] \| Warrants [Member]
Number of stock sale shares		500,000
Purchase price of shares sale		$ 10,000
Sale of stock price per share		$ 0.02
Warrant is exercisable price per share		$ 0.04
Number of warrant shares issued		500,000
Accredited Investor [Member] \| Subsequent Event [Member]
Number of stock sale shares	500,000
Purchase price of shares sale	$ 10,000
Sale of stock price per share	$ .02
Warrant is exercisable price per share	$ .04
Number of warrant shares issued	500,000
Accredited Investor [Member] \| Subsequent Event [Member] \| Warrants [Member]
Number of stock sale shares	500,000
Purchase price of shares sale	$ 10,000
Sale of stock price per share	$ 0.02
Warrant is exercisable price per share	$ 0.04
Number of warrant shares issued	500,000
Preferred Series D Shares [Member]
Number of shares conversion of convertible notes										800
Value of shares conversion of convertible notes										$ 60,000
Inducement fee										$ 60,000
Shares from administrative hold, shares									75,000
Shares issued price per share										$ 0.015				$ .02
Number of common stock shares issued for conversion										4,000,000
Preferred shares reclassed										$ 20,000
Preferred shares reclassed, shares										200
Series A Convertible Preferred Stock [Member]
Preferred stock, shares authorized									440		440
Series B Convertible Preferred Stock [Member]
Preferred stock, shares authorized									20,000		20,000
Series C Convertible Preferred Stock [Member]
Preferred stock, shares authorized									15,000		15,000
Series D Convertible Preferred Stock [Member]
Preferred stock dividend rate							13.00%				17.50%
Preferred stock dividend description							In September 2015, all holders of Series D Preferred signed and delivered estoppel agreements, whereby the holders agreed, among other things, that the Series D Preferred was not in default and to reduce (effective as of December 31, 2015) the dividend rate on the Series D Preferred Stock to six percent per annum and to terminate the 3.5% penalty in respect of unpaid dividends accruing on or after such date.				The Series D Preferred holders were initially entitled to be paid a special monthly divided at the rate of 17.5% per annum. Initially, the Series D Preferred Stock was also entitled to be paid special dividends in the event cash dividends were not paid when scheduled. If the Company does not pay the dividend within five (5) business days from the end of the calendar month for which the payment of such dividend to owed, the Company will pay the investor a special dividend of an additional 3.5%. Any unpaid or accrued special dividends will be paid upon a liquidation or redemption. For any other dividends or distributions, the Series D Preferred Stock participates with common stock on an as-converted basis. The Series D Preferred holders may elect to convert the Series D Preferred Stock, in their sole discretion, at any time after a one year (1) year holding period, by sending the Company a notice to convert. The conversion rate is equal to the greater of $0.08 or a 20% discount to the average of the three (3) lowest closing market prices of the common stock during the ten (10) trading day period prior to conversion. The Series D Preferred Stock is redeemable from funds legally available for distribution at the option of the individual holders of the Series D Preferred Stock commencing any time after the one (1) year period from the offering closing at a price equal to the initial purchase price plus all accrued but unpaid dividends, provided, that if the Company gave notice to the investors that it was not in a financial position to redeem the Series D Preferred, the Company and the Series D Preferred holders are obligated to negotiate in good faith for an extension of the redemption period. The Company timely notified the investors that it was not in a financial position to redeem the Series D Preferred and the Company and the investors have engaged in ongoing negotiations to determine an appropriate extension period.
Preferred stock, shares outstanding							5,000
Nevada Corporation [Member] \| Stock Purchase Agreement [Member]
Common stock, shares par value						$ 0.001
Proceeds from issuance of common stock						$ 907,388
Number of restricted shares issuance						302,462,667
MGW Investment I Limited [Member] \| Subscription Agreement [Member]
Common stock, shares par value			$ 0.001
Number of stock sale shares			168,000,000
Purchase price of shares sale			$ 1,999,200
Sale of stock price per share			$ 0.0119
Warrant is exercisable price per share			$ 0.04
Value of warrants portion booked to additional paid in capital			$ 1,066,520
MGW Investment I Limited [Member] \| Subscription Agreement [Member] \| Warrants [Member]
Number of stock sale shares			168,000,000
Purchase price of shares sale			$ 1,999,200
Warrant is exercisable price per share			$ 0.04
Board of Directors and Shareholders [Member]
Common stock, shares authorized													2,000,000,000				800,000,000	400,000,000		200,000,000
Common stock, shares par value																				$ .001
Preferred stock, shares authorized																		10,000,000	15,000
Kambiz Mahdi [Member]
Number of shares issued for additional compensation				20,000,000
Shares issued price per share				$ .0131
Value of shares issued for additional compensation				$ 262,000
Board of Directors [Member]
Common stock, shares authorized									2,000,000,000		2,000,000,000
Common stock, shares par value									$ 0.001		$ 0.001
Preferred stock, shares authorized									10,000,000		10,000,000
Preferred D stock, shares par value									$ 0.001		$ 0.001
Board of Directors [Member] \| Series D Convertible Preferred Stock [Member]
Number of preferred stock shares designated								15,000
Preferred stock shares designated description								Board of Directors designated a series of our preferred stock as Series D Preferred Stock, authorizing 15,000 shares. Our Series D Preferred Stock offering terms authorized us to raise up to $1,000,000 with an over-allotment of $500,000 in multiple closings over the course of six months.
Proceeds from issuance of preferred stock								$ 750,000

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Capital Stock Transactions - Schedule of Warrant Activity (Details)	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Equity [Abstract]
Warrants - Common Share Equivalents, Outstanding, beginning balance \| shares
Warrants - Common Share Equivalents, Issued \| shares	168,500,000
Warrants - Common Share Equivalents, Exercised \| shares
Warrants - Common Share Equivalents, Expired \| shares
Warrants - Common Share Equivalents, Outstanding, ending balance \| shares	168,500,000
Warrants - Weighted Average Exercise price, beginning balance \| $ / shares
Warrants - Weighted Average Exercise price, Issued \| $ / shares	0.04
Warrants - Weighted Average Exercise price, Exercised \| $ / shares
Warrants - Weighted Average Exercise price, Expired \| $ / shares
Warrants - Weighted Average Exercise price, ending balance \| $ / shares	$ 0.04
Warrants exercisable - Common Share Equivalents, beginning balance \| shares
Warrants exercisable - Common Share Equivalents, Issued \| shares	168,500,000
Warrants exercisable - Common Share Equivalents, Exercised \| shares
Warrants exercisable - Common Share Equivalents, Expired \| shares
Warrants exercisable - Common Share Equivalents, ending balance \| shares	168,500,000
Warrants exercisable - Weighted Average Exercise price, beginning balance \| $ / shares
Warrants exercisable - Weighted Average Exercise price, Issued \| $ / shares	0.04
Warrants exercisable - Weighted Average Exercise price, Exercised \| $ / shares
Warrants exercisable - Weighted Average Exercise price, Expired \| $ / shares
Warrants exercisable - Weighted Average Exercise price, ending balance \| $ / shares	$ 0.04

XML 65 R54.htm IDEA: XBRL DOCUMENT

Related Party Transactions (Details Narrative) - USD ($)											3 Months Ended				6 Months Ended		12 Months Ended
	May 31, 2019	Feb. 13, 2019	Jan. 10, 2019	Sep. 21, 2018	Jul. 21, 2018	Jun. 21, 2018	Feb. 15, 2018	Feb. 13, 2018	Feb. 08, 2018	Jul. 01, 2017	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Apr. 30, 2019	Dec. 31, 2017	Jun. 15, 2017
Due to chairman																			$ 5,000
Debt instrument, beneficial conversion feature													$ 153,000	$ 939,500
Debt instrumnet, conversion amount																$ 237,192
Increase in authorized common shares												2,000,000,000			2,000,000,000		2,000,000,000	2,000,000,000
Shares issued during period share based compensation							9,200,000
Share price							$ 0.0053
Shares issued during period share based compensation, value							$ 48,760					$ 262,000
Common stock, shares par value												$ .001			$ .001		$ .001
MGWI Note [Member]
Debt instrument, principal amount									$ 153,123
Debt instrument, interest rate									12.00%
Debt instrument, maturity date									Apr. 25, 2018
Debt instrument, conversion price									$ 0.003
Debt instrument, conversion feature									The MGWI Note is convertible into shares of the Corporation's common stock at the lower of: (i) a 40% discount to the lowest trading price during the previous twenty (20) trading days to the date of a Conversion Notice; or (ii) 0.003. As a result of the closing of the transactions contemplated by the Stock Purchase Agreement and Convertible Note Purchase Agreement, the MGWI Note must be redeemed by the Corporation in an amount that will permit CVL and MGWI and their affiliates to hold 65% of the issued and outstanding Common Stock of the Corporation on a fully diluted basis.								At December 31, 2018 the holder of this note beneficially owned 70% of the company and this note is not convertible if the holder holds more than 9.99%, as a result, we did not recognize a derivative liability or a beneficial conversion feature.
Equity method investment, ownership percentage												70.00%					70.00%
Corporation and Confections Ventures Limited [Member] \| Convertible Note Purchase Agreement [Member]
Debt instrument, interest rate								10.00%
Debt instrument, maturity date								Feb. 13, 2020
Debt instrument, conversion price								$ 0.003
Debt instrument, beneficial conversion feature								$ 532,383
Debt instrumnet, conversion amount								$ 939,500
Debt instrument, number of shares converted								800,000,000
Corporation and Confections Ventures Limited [Member] \| Convertible Note Purchase Agreement [Member] \| CVL Note [Member]
Debt instrument, principal amount								$ 939,500
Debt instrument, interest rate								10.00%
Debt instrument, maturity date								Feb. 13, 2020
Debt instrument, conversion price								$ 0.003
Debt instrument, beneficial conversion feature								$ 532,383
Mgw Investments [Member] \| Convertible Note Purchase Agreement [Member] \| CVL Note [Member]
Debt instrumnet, conversion amount								$ 939,500
Debt instrument, number of shares converted								800,000,000
JSJ Investments [Member] \| MGWI Note [Member]
Debt instrument, principal amount									$ 103,000
Debt instrument, interest rate									12.00%
Debt instrument, maturity date									Apr. 25, 2018
MGW Investment I Limited [Member] \| Promissory Note [Member]
Debt instrument, principal amount			$ 25,000	$ 100,000	$ 250,000
Debt instrument, interest rate			8.00%	8.00%	8.00%	8.00%
Debt instrument, maturity date			Jan. 10, 2020	Sep. 21, 2019	Jun. 21, 2019	Jun. 21, 2019
MGW Investment I Limited [Member] \| Subscription Agreement [Member]
Number of shares sold	168,000,000
Number of shares sold, value	$ 1,999,200
Sale of stock price per share	$ 0.0119
Common stock, shares par value	0.001
Warrants, exercise price	$ 0.04
Value of warrants portion booked to additional paid in capital	$ 1,066,520
Board of Directors Chairman [Member]
Due to chairman																				$ 5,000
Five Board of Directors [Member]
Number of shares granted										150,000
Weighted average exercise price, granted										$ 0.03
Six Non-Employee Members [Member]
Number of shares granted										300,000
Weighted average exercise price, granted										$ 0.03
Kambiz Mahdi [member] \| One Year Employment Agreement [Member]
Shares issued during period share based compensation		20,000,000
Share price		$ 0.0131
Shares issued during period share based compensation, value		$ 262,000

XML 66 R55.htm IDEA: XBRL DOCUMENT

Warranty Liability (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
Warranty Liability (Details Narrative) - USD ($)	Jun. 30, 2019	Jun. 30, 2019
Warranty Liability Abstract
Changes in warranty liability
Warranty liability, description		Our policy is to accrue 2% of revenue for warranty liability, however our experience has been low due to the claim experience that we feel that the current warranty accrual is reasonable.

XML 67 R56.htm IDEA: XBRL DOCUMENT

Subsequent Events (Details Narrative) - USD ($)			3 Months Ended
Subsequent Events (Details Narrative) - USD ($)	Jul. 19, 2019	May 31, 2019	Jun. 30, 2019	Mar. 31, 2018	Apr. 30, 2019	Dec. 31, 2018	Feb. 15, 2018
Share price							$ 0.0053
Shares issued during period, value			$ 1,999,200	$ 18,000
Increase in authorized common shares			2,000,000,000		2,000,000,000	2,000,000,000
Common stock, shares par value			$ .001			$ .001
Subscription Agreement [Member] \| MGW Investment I Limited [Member]
Warrants, exercise price		$ 0.04
Number of shares sold		168,000,000
Number of shares sold, value		$ 1,999,200
Sale of stock price per share		$ 0.0119
Common stock, shares par value		$ 0.001
Value of warrants portion booked to additional paid in capital		$ 1,066,520
Subsequent Event [Member] \| Accredited Investor [Member] \| Private Placement [Member]
Shares issued during period	500,000
Share price	$ 0.02
Shares issued during period, value	$ 10,000
Warrants, issued	500,000
Warrants, exercise price	$ 0.04
Warrants, term	1 year

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