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0001511164-18-000533.txt : 20180820 0001511164-18-000533.hdr.sgml : 20180820 20180820132115 ACCESSION NUMBER: 0001511164-18-000533 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 53 CONFORMED PERIOD OF REPORT: 20180630 FILED AS OF DATE: 20180820 DATE AS OF CHANGE: 20180820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREENKRAFT, INC. CENTRAL INDEX KEY: 0001398529 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 208767728 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53047 FILM NUMBER: 181027849 BUSINESS ADDRESS: STREET 1: 2530 S. BIRCH STREET CITY: SANTA ANA STATE: CA ZIP: 92797 BUSINESS PHONE: 714-545-7777 MAIL ADDRESS: STREET 1: 2530 S. BIRCH STREET CITY: SANTA ANA STATE: CA ZIP: 92797 FORMER COMPANY: FORMER CONFORMED NAME: Sunrise Global Inc. DATE OF NAME CHANGE: 20070504 10-Q 1 greenkraft10-q.htm FORM 10-Q Converted by EDGARwiz

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended June 30, 2018

☐ 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: 000-53047

GREENKRAFT, INC.

(Exact name of registrant as specified in its charter)



Nevada		20-8767728
(State or other jurisdiction of incorporation)		(IRS Employer Identification Number)

2530 S. Birch Street

Santa Ana, CA 92707 USA

(Address of principal executive offices)

(714) 545-7777

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [ ] Yes [ x ] 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.

Large Accelerated Filer [ ] Accelerated Filer [ ] Non-accelerated filer [ ] Smaller Reporting company [x] Emerging Growth reporting 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 15, 2018 there were outstanding 105,102,718 shares of the registrant’s common stock, $.001 par value.

TABLE OF CONTENTS



		Page
PART I	Financial Information

Item 1.	Financial Statements.

	Condensed Balance Sheets as of June 30, 2018 (unaudited) and December 31, 2017	3

	Condensed Statements of Operations for the three and six months ended June 30, 2018 and 2017 (unaudited)	4

	Condensed Statements of Cash Flows for the six Months Ended June 30, 2018 and 2017 (unaudited)	5

	Notes to Condensed Financial Statements (Unaudited)	6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13

Item 4.	Controls and Procedures	13

PART II	Other Information

Item 1.	Legal Proceedings	14
Item 1A.	Risk Factors	14
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	14

Item 3.	Default Upon Senior Securities	14

Item 4.	Mine Safety Disclosures	14

Item 5.	Other Information	14

Item 6.	Exhibits	15

Signatures		16

PART I -- FINANCIAL INFORMATION

ITEM 1 -- FINANCIAL STATEMENTS

GREENKRAFT, INC.

CONDENSED BALANCE SHEETS

(Unaudited)


	As of	As of
	6/30/2018	12/31/17

Assets
Current Assets
Cash	$ 134,807	$ 18,339
Accounts receivable, net of allowance for doubtful account of $0	3,600	3,600
Inventories, net	1,973,396	1,496,082
Prepaid Inventory		509,365
Total Current Assets	2,111,803	2,027,386

Property and equipment, net	57,198	62,669
Total Non- Current Assets	57,198	62,669

Total Assets	$ 2,169,001	$ 2,090,055

Liabilities and Stockholders' Deficit
Current Liabilities
Accounts payable	$ -	$ 23,325
Accounts payable - related party	190,000	130,000
Accrued liabilities	129,561	108,219
Deferred income	475,995	475,995
Convertible notes payable	5,500	7,500
Other liabilities	75,000	75,000
Short term debt CEC	120,000	240,000
Short term debt related party	350,000	0
Deferred rent- current	831	831
Total Current Liabilities	1,346,887	1,060,870

Non-Current Liabilities
Deferred rent - net of current	8,000	8,000
Long term payable related party	2,718,250	2,718,250
Long term debt CEC	924,000	924,000
Total Non-Current Liabilities	3,650,250	3,650,250

Total Liabilities	4,997,137	4,711,120

Commitments and Contingencies	-	-
Shareholders' Deficit
Common Stock, 400,000,000 shares authorized, 105,102,718 and 103,102,718 shares issued and outstanding, respectively	105,103	103,103
Additional Paid-In Capital	4,105,577	4,105,577
Accumulated Deficit	(7,038,816)	(6,829,745)
Total Stockholders' Deficit	(2,828,136)	(2,621,065)

Total Liabilities and Stockholders' Deficit	$ 2,169,001	$ 2,090,055

GREENKRAFT, INC.

Condensed Statement of Operations

(Unaudited)


		3 months ended June 30,				6 months ended June 30,
	2018		2017		2018		2017
Revenue		$ 207,384		$ 59,011		$ 318,960		$ 390,255
Cost of revenue		138,622		61,306		233,717		258,482
Gross Profit		68,762		(2,295)		85,243		131,773
Costs and expenses:
Research and development					-			162
Selling, general and administrative		148,738		1,025,544		294,314		1,152,253
Total costs and expenses	148,738		1,025,544		294,314		1,152,415
Income (Loss) from operations	(79,976)			(1,027,839)	(209,071)			(1,020,642)

Other income (expense)
Interest (expense)		-		1		-		(87)
Interest income		-		1		-		2
Total Other income (expense)				2		-		(85)

Net Income (Loss)		$ (79,976)		$ (1,027,837)		$ (209,071)		$ (1,020,727)

Basic and Diluted Income (Loss) per share		(0.00)		0.00		(0.00)		0.00
Weighted average number of common shares outstanding- Basic & Diluted		105,102,718		99,144,696		104,837,525		97,796,199

GREENKRAFT, INC.

CONDENSED STATEMENT OF CASH FLOWS

(Unaudited)



	2018		2017

Operating Activities:
Income (loss)		$ (209,071)		$ (1,020,727)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock compensation Expense				867,100
Depreciation expense		5,471		2,736
Change in operating assets and liabilities
Accounts receivable		-		44,191
Inventory		(477,314)		112,758
Prepaid Inventory		509,365
Accounts payable		(23,325)		(34,301)
Accounts payable- related party		60,000		60,000
Accrued expense		21,342		(1,057)
Deferred income		-		(4,970)
Deferred Rent Expense		-		(501)
Long Term debt		(40,000)
Short term debt		(80,000)		0
Net cash (used) in provided by operating activities		(233,532)		25,229

Financing Activities:
Borrowings under lines of credit-related party		350,000		-
Net cash provided by financing activities		350,000		-

Net increase in cash		116,468		25,229

Cash, Beginning of period		18,339		379,078

Cash, End of period		$ 134,807		$ 404,307
Cash paid for interest		$ -		$ -
Cash paid for income taxes		$ -		$ -
Non cash investing or financing activities
Debt converted to Common Stock		$ 2,000		$ -

GREENKRAFT, INC.

Notes to Condensed Financial Statements (unaudited)

NOTE 1 – BASIS OF PRESENTATION

The included (a) condensed balance sheet as of December 31, 2017, which has been derived from audited financial statements, and (b) the unaudited condensed financial statements as of June 30, 2018 and 2017, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s December 31, 2017 Form 10-K on April 16, 2018. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the condensed financial statements which substantially duplicate the disclosure contained in the financial statements as reported in the Annual Report on Form 10-K for the year ended December 31, 2017 as filed on April 16, 2018 have been omitted.

The accompanying condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and include all adjustments necessary for the fair presentation of the Company’s financial position for the periods presented.

The Company currently operates in one business segment. The Company is not organized by market and is managed and operated as one business. A single management team reports to the chief operating decision maker, the Chief Executive Officer, who comprehensively manages the entire business. The Company does not currently operate any separate lines of businesses or separate business entities.

Recently issued accounting pronouncements

Leases

In February 2016, the FASB issued guidance that requires a lessee to recognize assets and liabilities arising from leases on the balance sheet. Previous GAAP did not require lease assets and liabilities to be recognized for most leases. Additionally, companies are permitted to make an accounting policy election not to recognize lease assets and liabilities for leases with a term of 12 months or less. For both finance leases and operating leases, the lease liability should be initially measured at the present value of the remaining contractual lease payments. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee will not significantly change under this new guidance. This new guidance is effective for us as of the first quarter of fiscal year 2020. The Company is evaluating the effect that this ASU will have on its financial statements and related disclosures.

Compensation – Stock Compensation

In May 2017, the FASB issued Accounting Standards Update No. 2017-09 (ASU 2017-09), Compensation — Stock Compensation (Topic 718) Scope of Modification Accounting. The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The adoption of ASU 2017-09 which became effective for annual periods beginning after December 15, 2017 and for interim periods within those annual periods. ASU 2017-09 is not expected to have any impact on the Company’s financial statement presentation or disclosures.

Cash Receipts and Cash Payments

In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 clarifies the presentation and classification of certain cash receipts and cash payments in the statement of cash flows. This ASU is effective for public business entities for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted. The Company believes there is no impact related to ASU 2016-15 on its financial statements and related disclosures.

Income Tax

In October 2016, the FASB issued ASU No. 2016-16—Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This ASU improves the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. For public business entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company does not anticipate that the adoption of this ASU will have a significant impact on its financial statements.

The Company believes that other recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented.

NOTE 2 - SIGNIFICIANT ACCOUNTING POLICIES AND PRACTICE

Reclassifications - Certain prior year amounts have been reclassified to conform with the current year presentation.

Use of estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States necessarily requires management to make estimates and assumptions that affect the amounts reported in the financial statements. We regularly evaluate estimates and judgments based on historical experience and other relevant facts and circumstances. Actual results could differ from those estimates.

Fair Value Measurements

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the condensed consolidated statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. As of June 30, 2018 and December 31, 2017 there were no derivative financial instruments recorded in the financial statements.

Fair Value of Financial Instruments

As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC 820, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2018 and December 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

Concentration of credit risk –Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and trade receivables. The Company places its cash with high credit quality financial institutions. At times, such cash may be in excess of the FDIC limit. With respect to trade receivables, the Company routinely assesses the financial strength of its customers and, as a consequence, believes that the receivable credit risk exposure is limited.

Accounts Receivable – Trade accounts receivable consist of amounts due from the sale of trucks and parts. Accounts receivable are uncollateralized customer obligations due under normal trade terms requiring payment within 90 days of receipt of the invoice. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts based on historical collection experience and a review of the current status of trade accounts receivable. At June 30, 2018 and December 31, 2017, the Company characterized $0 and $0 as uncollectible, respectively. At June 30, 2018, and December 31, 2017 the accounts receivable, $3,600 represents one customer from the sale of parts.

Inventories – Inventories are primarily raw materials. Inventories are valued at the lower of, cost as determined on a weighted average cost basis, or market. Market value is determined by reference to selling prices after the balance sheet date or to management’s estimates based on prevailing market conditions. Management writes down the inventories to market value if it is below cost. Management also regularly evaluates the composition of its inventories to identify slow-moving and obsolete inventories to determine if valuation allowance is required. Costs of raw material inventories include purchase and related costs incurred in bringing the products to their present location and condition.

Property and equipment – Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of the property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are ten years for all the equipment held by the Company. Depreciation expense of $2,735 and $2,735 are recognized for the three months ended June 30, 2018 and 2017, respectively. The depreciation expense for six months ended June 30 2018 and 2017 is $5,471 and $2,736.

Research and development – Costs incurred in connection with the development of new products and manufacturing methods are charged to selling, general and administrative expenses as incurred. During the three months ended June 30, 2018 and 2017, $0 and $0, respectively, and for six months ended June 30, 2018 and 2017 the amounts were $0 and $162.

Long Lived Assets - In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360, Property, Plant and Equipment, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicated that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and a current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life.

Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances.

Revenue recognition - Greenkraft recognizes revenue according to ASC 606 when persuasive evidence of an arrangement exists, products and/or services have been delivered, the sales price is fixed or determinable, and collectability is reasonably assured. This typically occurs when the product is shipped or delivered to the customer. Cash payments received prior to delivery of products are deferred until the products are delivered. Also, there was funding for the incremental cost of the vehicles was provided by the California Energy Commission (CEC). The CEC provides up to (i) $20,000 per vehicle that are up to 26,000 LBS GVWR and (ii) $26,000 per vehicle that are over 26,000 LBS GVWR. These funds are paid directly to the Company and taken in as deposits until actual delivery of the vehicles at which time it is deemed revenue. The Company has received $2.024 million related to the sale of CNG and propane trucks as of June 30, 2018 and December 31, 2017.

Income taxes - Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.

We have net operating loss carry forwards available to reduce future taxable income. Future tax benefits for these net operating losses carry forwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established.

Earning or Loss per Share - The Company accounts for earnings per share pursuant to ASC 260, Earnings per Share, which requires disclosure on the financial statements of "basic" and "diluted" earnings (loss) per share. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to stock options and warrants for each year. As there was a net loss for the three months ended and six months ended June 30, 2018, basic and diluted loss per share are the same.

Related Parties - A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

NOTE 3 – INVENTORY

Inventory principally consists of the cost of parts purchased and assembled during the six months ended June 30, 2018 and year ended December 31, 2017 for the assembly of the fuel-efficient vehicles to sell to the customers.


	June 30, 2018		December 31, 2017
Raw materials		$ 1,973,396		$ 1,496,082
Prepaid Inventory		0		509,365
Total Inventory		1,973,396		2,005,447


Inventory, included in current assets		$ 1,973,396		$ 2,005,447

NOTE 4 – RELATED PARTY TRANSACTIONS

The Defiance Company, LLC is owned by the Company’s president and controlling stockholder. As of June 30, 2018, accounts payable to Defiance is $285,389 for amounts paid by Defiance Company, LLC on behalf of Greenkraft, which is the same amount as of December 31, 2017.

As of June 30, 2018, and December 31, 2017, Greenkraft has notes payable for a total of $1,901,916, to its President and his related entities. All amounts are due on demand, unsecured and do not bear interest.

The Company’s president is a member of CEE, LLC which performs emission testing services. During the three months ended June 30, 2018, Greenkraft did not have any services performed by CEE, LLC and as of June 30, 2018 and December 31, 2017, Greenkraft owed CEE the amount of $5,945 for insurance.

First Warner Properties LLC is the owner of 2215 S. Standard Ave Santa Ana Ca 92707. The company’s president is a member of First Warner. Greenkraft leased the property as assembly plant from First Warner. The term of the lease agreement is from July 2014 to July 2019, with a monthly rent of $27,500. As of June 30, 2018 and December 31, 2017, Greenkraft owed $525,000 to First Warner Properties LLC. Greenkraft terminated the lease agreement with First Warner Properties LLC at the end of August 2017.

First Standard Real Estate LLC is the owner of 2530 South Birch Street, Santa Ana, CA 92707. Greenkraft president is a member of First Standard Real Estate LLC. Greenkraft leased a portion of the building designated as 20,000 square feet garage area. The term of the lease agreement is from September 1, 2017 to September 30, 2021, with a monthly rent of $10,000. As of June 30, 2018 and December 31, 2017, Greenkraft owed $190,000 and $130,000 to First Standard Real Estate LLC, respectively.

NOTE 5 – LINE OF CREDIT

During the six months ended June 30, 2018 the company used a line of credit for $350,000 from the CEO.

NOTE 6 – CONVERTIBLE NOTES

Convertible promissory notes were issued in the aggregate amount of $15,000 in October 2015 for the marketing and advertising services received in 2015. The term of the notes is due on demand. Simple interest of 1% is payable upon demand. Prior to maturity the notes may be converted for common stock at a conversion price of $0.001.

The Company evaluated the embedded conversion feature within the above convertible notes under ASC 815-15 and ASC 815-40 and determined the embedded conversion feature does not meet the definition of a derivative liability. Then the Company evaluated the conversion feature for a beneficial conversion feature at inception. The Company accounted for the intrinsic value of a Beneficial Conversion Feature inherent to the convertible note payable and a total debt discount of $15,000 was recorded.

As of June 30, 2018 and December 31, 2017, convertible notes had a balance of $5,500 and $7,500 respectively net of $0 unamortized debt discount.

During the six months ended June 30, 2018, the holder of a convertible note converted $2,000 of the convertible note payable into 2,000,000 common shares.

NOTE 7 – COMMITMENT AND CONTINGENCIES

The Company leases space for its offices and warehouse under a lease expiring 5 years after September 1, 2017. Rent expense was $120,000 per year, payable in installments of $10,000 per month. The future minimum lease payments under the operating lease is listed below. The rent expense for three and six months ended June 30, 2018 was $30,000 and $60,000 respectively.


Years ending December 31,		Amount

2018		60,000
2019		120,000
2020		120,000
2021 and thereafter		70,000

Total		$ 370,000

NOTE 8 – SUBSEQUENT EVENTS

Management has evaluated subsequent events from the balance sheet date through the date the financial statements were available to be issued and determined that no material subsequent events transpired.

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

Safe Harbor Statement

This report on Form 10-Q contains certain forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for purposes of these provisions, including any projections of earnings, revenues, or other financial items; any statements of the plans, strategies, and objectives of management for future operation; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statement of assumptions underlying any of the foregoing. Such forward-looking statements are subject to inherent risks and uncertainties, and actual results could differ materially from those anticipated by the forward-looking statements.

These forward-looking statements involve significant risks and uncertainties, including, but not limited to, the following: competition, promotional costs, and risk of declining revenues. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These forward-looking statements are made as of the date of this filing, and we assume no obligation to update such forward-looking statements. The following discusses our financial condition and results of operations based upon our financial statements which have been prepared in conformity with accounting principles generally accepted in the United States. It should be read in conjunction with our financial statements and the notes thereto included elsewhere herein.

The following discussion should be read in conjunction with our financial statements, including the notes thereto, appearing elsewhere in this Form 10-Q. The discussions of results, causes and trends should not be construed to imply any conclusion that these results or trends will necessarily continue into the future.

Results of Operations for the three and six months ended June 30, 2018 compared to the three and six months ended June 30, 2017

Working Capital


	Six Months Ended	Six Months Ended
	June 30,	June 30,
	2018	2017
Current Assets	$ 2,111,803	$ 1,650,015
Current Liabilities	1,346,887	2,143,786
Working capital (deficit)	764,916	(493,771)

As at June 30, 2018, we had working capital of $764,916 compared with the working capital deficit of $493,771 as of June 30, 2017.


*Cash Flows*
	Six Months Ended June 30, 2018	Six Months Ended June 30, 2017

Cash Flows Provided by (Used in) Operating Activities	$ (233,532)	$ 25,229
Cash Flows Provided by Investing Activities	-
Cash Flows provided (used) in Financing Activities	350,000
Net Increase in Cash During Period	116,468	25,229

Cash flow from Operating Activities

During the three months ended June 30, 2018, the net cash used by operating activities totaled $148,738 compared to the cash used total $1,025,544 during the three months ended June 30, 2017. This was due to Greenkraft lowering its operating expenses.

During the six months ended June 30, 2018, the net cash used by operating activities totaled $233,532 compared to the cash provided total $25,229 during the six months ended June 30, 2017

Cash flow from Investing Activities

During the three months ended June 30, 2018 and 2017, the net cash provided by investing activities totaled $0

During the six months ended June 30, 2018 and 2017, the net cash provided by investing activities totaled $0.

Cash flow from Financing Activities

During the three months ended June 30, 2018, the net cash provided by financing activities total $250,000 compared with total $0 during the six months ended June 30, 2017.

During the six months ended June 30, 2018, the net cash provided by financing activities total $350,000 compared with total $0 during the six months ended June 30, 2017.


*Operation*
	Six Months Ended June 30, 2018	Six Months Ended June 30, 2017

Revenue	$ 318,960	$ 390,255
Cost of revenue	233,717	258,482
Gross profit	85,243	131,773
Operation expense	(294,314)	(1,152,415)
Income (loss) from operation	$ (209,071)	$ (1,020,642)

Revenues

We earned revenues of $207,384 during the three months ended June 30, 2018 compared to earning revenues of $59,011 during the same period in 2017 which was mostly due to more sales of trucks.

We earned revenues of $318,960 during the six months ended June 30, 2018 compared to earning revenues of $390,255 during the same period in 2017 which was mostly due to sales of trucks where in 2017 we had other projects as well.

Operation Expenses

Our total operating expenses decreased from $1,025,544 to $148,738 for three months ended June 30, 2018 compared to the same period in 2017.

Our total operating expenses decreased from $1,152,415 to $294,314 for six months ended June 30, 2018 compared to the same period in 2017.


*Other income and (expense)*
	Six months ended June 30, 2018	Six months ended June 30, 2017

Interest expense	$ 0	$ (87)
Interest income	0	2
Net other income (expense)	$ 0	$ (85)

Interest Expense

The interest expenses decreased from $1 to $0 for the three months ended June 30, 2018 compared to the same period in 2017.

The interest expenses decreased from $87 to $0 for the six months ended June 30, 2018 compared to the same period in 2017.

Liquidity

During the three months ended June 30, 2018, the Company had a loss from continuing operations of $(79,976), a net loss of $(1,027,839) for 2017.

During the six months ended June 30, 2018, the Company had a loss from continuing operations of $(209,071), a net loss of $(1,020,642) for 2017.

Based on the financial support letter from the CEO of Greenkraft, he and his related party entities have no present or future plans or intentions to (A) liquidate Greenkraft, Inc.; (B) sell or otherwise dispose of all, or a significant portion of, its investment in the Company or otherwise change its capital structure; (C) discontinue providing financial support to Greenkraft, Inc; or (D) pursue the collection if the company has cash flow issues. Also, the company has $200,000 in government incentives as deferred revenue in current liabilities. Based on the cash burn calculation, the Company is expected to have sufficient cash flow to cover the normal business operation for the next twelve months. In the next 12 months, the Company will continue to receive sales orders, recognize revenue by selling the qualified trucks for the government incentive program, and committed financial support from the owner and his related parties to fund its ongoing operations until the Company is able to meet its own obligation as they become due.

Off-Balance Sheet Arrangements

As of June 30, 2018, we had no off-balance sheet transactions that have or are reasonably likely to have a current or future effect on our financial condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

As a smaller reporting company we are not required to provide the information called for by this Item 3

ITEM 4. CONTROLS AND PROCEDURES

We carried out an evaluation required by Rule 13a-15 of the Exchange Act under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, of the effectiveness of the design and operation of the Company’s “disclosure controls and procedures” and “internal control over financial reporting” as of the end of the period covered by this Report.

Evaluation of disclosure controls and procedures.

We maintain disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act that are designed to ensure that information required to be disclosed in our reports filed or submitted to the SEC under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the SEC’s rules and forms, and that information is accumulated and communicated to management, including the principal executive and financial officer as appropriate, to allow timely decisions regarding required disclosures. Our principal executive officer and principal financial officer evaluated the effectiveness of disclosure controls and procedures as of the end of the period covered by this Annual Report (the “Evaluation Date”), pursuant to Rule 13a-15(b) under the Exchange Act.

Based on that evaluation, our principal executive officer and principal financial officer concluded that, as of the Evaluation Date, our disclosure controls and procedures were not effective to ensure that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure, due to material weaknesses in our control environment and financial reporting process.

Limitations on the Effectiveness of Controls

Our management, including our principal executive officer and principal financial officer, do not expect that our Disclosure Controls and internal controls will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision- making can be faulty, and that breakdowns can occur because of a simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management or board override of the control.

The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

Changes in internal controls

There were no changes in our internal control over financial reporting during the six months ended June 30, 2018 that materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

As of June 30, 2018 there are no material pending legal proceedings, other than ordinary routine litigation incidental to our business, to which we or any of our subsidiaries are a party or of which any of our properties is the subject. Also, our management is not aware of any legal proceedings contemplated by any governmental authority against us.

ITEM 1A. Risk Factors

As a smaller reporting company we are not required to provide the information call for by this Item 1A.

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

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4. MINE SAFETY DISCLOSURE

Not applicable.

ITEM 5. OTHER INFORMATION

Not applicable.

ITEM 6. EXHIBITS.

(a) The following exhibits are filed herewith:



Exhibit	Exhibit
Number	Description
31.1	Certification of the Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of the Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Exchange Act pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
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SIGNATURES

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



	GREENKRAFT, INC.

Date: August 20, 2018	By:	/s/ George Gemayel
		George Gemayel
		President, Chief Executive
		Officer and Director

Date: August 20, 2018	By:	/s/ Sosi Bardakjian
		Sosi Bardakjian
		Chief Financial Officer
		and Director

EX-31.1 2 exhibit31_1.htm EXHIBIT 31.1 Converted by EDGARwiz

Exhibit 31.1

Certification Of The Chief Executive Officer - Pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, George Gemayel, certify that:



1.	I have reviewed this Quarterly Report on Form 10Q of Greenkraft, 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.	I am 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 15(d)-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 fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.	I have disclosed, based on my 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.

By: /s/ George Gemayel

George Gemayel

President and Chief Executive Officer

August 20, 2018

EX-31.2 3 exhibit31_2.htm EXHIBIT 31.2 Converted by EDGARwiz

Exhibit 31.2

Certification Of The Chief Financial Officer - Pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Sosi Bardakjian, certify that:



1.	I have reviewed this Quarterly Report on Form 10Q of Greenkraft, 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.	I am 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 15(d)-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 fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.	I have disclosed, based on my 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.

By: /s/ Sosi Bardakjian

Sosi Bardakjian

Chief Financial Officer, Principal Accounting Officer

August 20, 2018

EX-32.1 4 exhibit32_1.htm EXHIBIT 32.1 Converted by EDGARwiz

Exhibit 32.1

Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Greenkraft, Inc., (the “Company”) on Form 10Q for the quarter ended June 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, George Gemayel, Chief Executive Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:



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

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

By: /s/ George Gemayel

George Gemayel

President and Chief Executive Officer

August 20, 2018

EX-32.2 5 exhibit32_2.htm EXHIBIT 32.2 Converted by EDGARwiz

Exhibit 32.2

Certification Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Greenkraft, Inc., (the “Company”) on Form 10Q for the quarter ended June 30, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Sosi Bardakjian, Chief Financial Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:



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

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

By: /s/ Sosi Bardakjian

Sosi Bardakjian

Chief Financial Officer

August 20, 2018

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NOTE 2 - SIGNIFICIANT ACCOUNTING POLICIES AND PRACTICE   Reclassifications    Certain prior year amounts have been reclassified to conform with the current year presentation.    Use of estimates    The preparation of financial statements in conformity with accounting principles generally accepted in the United States necessarily requires management to make estimates and assumptions that affect the amounts reported in the financial statements. We regularly evaluate estimates and judgments based on historical experience and other relevant facts and circumstances. Actual results could differ from those estimates.   Fair Value Measurements   The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the condensed consolidated statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.[SNN2]   As of June 30, 2018 and December 31, 2017 there were no derivative financial instruments recorded in the financial statements.   Fair Value of Financial Instruments   As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC 820, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:   Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;   Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and   Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).   Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2018 and December 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.    Concentration of credit risk   Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and trade receivables. The Company places its cash with high credit quality financial institutions. At times, such cash may be in excess of the FDIC limit. With respect to trade receivables, the Company routinely assesses the financial strength of its customers and, as a consequence, believes that the receivable credit risk exposure is limited.   Accounts Receivable    Trade accounts receivable consist of amounts due from the sale of trucks and parts. Accounts receivable are uncollateralized customer obligations due under normal trade terms requiring payment within 90 days of receipt of the invoice. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts based on historical collection experience and a review of the current status of trade accounts receivable. At June 30, 2018 and December 31, 2017, the Company characterized $0 and $0 as uncollectible, respectively. At June 30, 2018,[SNN3]  and December 31, 2017 the accounts receivable, $3,600 represents one customer from the sale of parts.   Inventories    Inventories are primarily raw materials. Inventories are valued at the lower of, cost as determined on a weighted average cost basis, or market.  Market value is determined by reference to selling prices after the balance sheet date or to managements estimates based on prevailing market conditions. Management writes down the inventories to market value if it is below cost. Management also regularly evaluates the composition of its inventories to identify slow-moving and obsolete inventories to determine if valuation allowance is required. Costs of raw material inventories include purchase and related costs incurred in bringing the products to their present location and condition.   Property and equipment    Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of the property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are ten years for all the equipment held by the Company. Depreciation expense of $2,735 and $2,735 are recognized for the three months ended June 30, 2018 and 2017, respectively.  The depreciation expense for six months ended June 30 2018 and 2017 is $5,471 and $[SNN4] 2,736.   Research and development   Costs incurred in connection with the development of new products and manufacturing methods are charged to selling, general and administrative expenses as incurred. During the three months ended June 30, 2018 and 2017, $0 and $0, respectively, and for six months ended June 30, 2018 and 2017 the amounts were $0 and $162.   Long Lived Assets    In accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 360, Property, Plant and Equipment, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicated that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and a current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life.   Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances.   Revenue recognition   Greenkraft recognizes revenue according to ASC 606 when persuasive evidence of an arrangement exists, products and/or services have been delivered, the sales price is fixed or determinable, and collectability is reasonably assured. This typically occurs when the product is shipped or delivered to the customer. Cash payments received prior to delivery of products are deferred until the products are delivered. Also, there was funding for the incremental cost of the vehicles was provided by the California Energy Commission (CEC). The CEC provides up to (i) $20,000 per vehicle that are up to 26,000 LBS GVWR and (ii) $26,000 per vehicle that are over 26,000 LBS GVWR. These funds are paid directly to the Company and taken in as deposits until actual delivery of the vehicles at which time it is deemed revenue. The Company has received $2.024 million related to the sale of CNG and propane trucks as of June 30, 2018 and December 31, 2017.   Income taxes   Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.   We have net operating loss carry forwards available to reduce future taxable income. Future tax benefits for these net operating losses carry forwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established.   Earning or Loss per Share   The Company accounts for earnings per share pursuant to ASC 260, Earnings per Share, which requires disclosure on the financial statements of "basic" and "diluted" earnings (loss) per share. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to stock options and warrants for each year. As there was a net loss for the three months ended and six months ended June 30, 2018, basic and diluted loss per share are the same.   Related Parties   A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

NOTE 3 INVENTORY   Inventory principally consists of the cost of parts purchased and assembled during the six months ended June 30, 2018 and year ended December 31, 2017 for the assembly of the fuel-efficient vehicles to sell to the customers.   <div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="151" colspan="2" valign="top" style='width:113.6pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'> June 30, 2018 </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'>   </td> <td width="169" colspan="4" valign="top" style='width:126.2pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'> December 31, 2017 </td> <td width="21" style='border:none;padding:0'> </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'> Raw materials </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'>    $           1,973,396 </td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>    $         1,496,082 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'> Prepaid Inventory  </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;padding:0in .1in 0in .1in'>                                 0 </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;padding:0in .1in 0in .1in'>                   509,365 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'> Total Inventory </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'>                 1,973,396 </td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>               2,005,447 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'>   </td> <td width="21" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="117" valign="bottom" style='width:87.4pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'> Inventory, included in current assets </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'>    $           1,973,396 </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'>    $         2,005,447 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" style='border:none'></td> <td width="23" style='border:none'></td> <td width="29" style='border:none'></td> <td width="122" style='border:none'></td> <td width="22" style='border:none'></td> <td width="21" style='border:none'></td> <td width="29" style='border:none'></td> <td width="117" style='border:none'></td> <td width="2" style='border:none'></td> <td width="21" style='border:none'></td> </tr> </table> </div>

Reclassifications    Certain prior year amounts have been reclassified to conform with the current year presentation.

Fair Value Measurements   The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the condensed consolidated statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.[SNN2]   As of June 30, 2018 and December 31, 2017 there were no derivative financial instruments recorded in the financial statements.

Fair Value of Financial Instruments   As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC 820, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:   Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;   Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and   Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).   Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2018 and December 31, 2017. The respective carrying value of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

Property and equipment    Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of the property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are ten years for all the equipment held by the Company. Depreciation expense of $2,735 and $2,735 are recognized for the three months ended June 30, 2018 and 2017, respectively.  The depreciation expense for six months ended June 30 2018 and 2017 is $5,471 and $[SNN4] 2,736.

Research and development   Costs incurred in connection with the development of new products and manufacturing methods are charged to selling, general and administrative expenses as incurred. During the three months ended June 30, 2018 and 2017, $0 and $0, respectively, and for six months ended June 30, 2018 and 2017 the amounts were $0 and $162.

Income taxes   Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.   We have net operating loss carry forwards available to reduce future taxable income. Future tax benefits for these net operating losses carry forwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established.

<div align="center"> <table border="0" cellspacing="0" cellpadding="0"> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="151" colspan="2" valign="top" style='width:113.6pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'> June 30, 2018 </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'>   </td> <td width="169" colspan="4" valign="top" style='width:126.2pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'> December 31, 2017 </td> <td width="21" style='border:none;padding:0'> </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'> Raw materials </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'>    $           1,973,396 </td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>    $         1,496,082 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'> Prepaid Inventory  </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;padding:0in .1in 0in .1in'>                                 0 </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;padding:0in .1in 0in .1in'>                   509,365 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'> Total Inventory </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'>                 1,973,396 </td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'>               2,005,447 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'>   </td> <td width="21" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="117" valign="bottom" style='width:87.4pt;border:none;border-bottom:solid black 1.0pt;padding:0in .1in 0in .1in'>   </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="23" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="22" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;background:#CCEEFF;padding:0in .1in 0in .1in'></td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;background:#CCEEFF;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" valign="bottom" style='width:146.0pt;padding:0in .1in 0in .1in'> Inventory, included in current assets </td> <td width="23" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'>   </td> <td width="122" valign="bottom" style='width:91.7pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'>    $           1,973,396 </td> <td width="22" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="21" valign="bottom" style='width:15.4pt;padding:0in .1in 0in .1in'></td> <td width="29" valign="bottom" style='width:21.9pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'></td> <td width="117" valign="bottom" style='width:87.4pt;border:none;border-bottom:double black 2.25pt;padding:0in .1in 0in .1in'>    $         2,005,447 </td> <td width="23" colspan="2" valign="bottom" style='width:16.9pt;padding:0in .1in 0in .1in'>   </td> </tr> <tr align="left"> <td width="195" style='border:none'></td> <td width="23" style='border:none'></td> <td width="29" style='border:none'></td> <td width="122" style='border:none'></td> <td width="22" style='border:none'></td> <td width="21" style='border:none'></td> <td width="29" style='border:none'></td> <td width="117" style='border:none'></td> <td width="2" style='border:none'></td> <td width="21" style='border:none'></td> </tr> </table> </div>

3600

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1973396

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1973396 2005447

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1901916

5945

525000

190000

130000

350000

15000

0.001

5500

7500

2000

2000000

60000

120000

70000

370000

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2000 0001398529 2016-12-31 0001398529 2017-12-31 0001398529 2018-01-01 2018-06-30 0001398529 2018-06-30 0001398529 2018-04-01 2018-06-30 0001398529 2017-04-01 2017-06-30 0001398529 2017-01-01 2017-06-30 0001398529 2017-06-30 0001398529 fil:DefianceCompanyLlcOwnedByPresidentMember 2018-06-30 0001398529 fil:PresidentAndHisRelatedEntitiesMember 2018-06-30 0001398529 fil:CeeLlcMember 2018-06-30 0001398529 fil:FirstWarnerPropertiesLlcRelatedByPresidentMemberfil:LeaseAgreements1Member 2018-06-30 0001398529 fil:FirstStandardRealEstateLlcRelatedByPresidentMemberfil:LeaseAgreements1Member 2018-06-30 0001398529 fil:FirstStandardRealEstateLlcRelatedByPresidentMemberfil:LeaseAgreements1Member 2017-12-31 0001398529 2015-10-31 iso4217:USD shares iso4217:USD shares Net of allowance for doubtful accounts of $0

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Disclosure - Note 2 - Significiant Accounting Policies and Practice: Long Lived Assets (Policies) link:presentationLink link:definitionLink link:calculationLink 000210 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Property and Equipment (Policies) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Earning Or Loss Per Share (Policies) link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Note 8 - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - GREENKRAFT, INC. - Statements of Operations link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Concentration of Credit Risk (Policies) link:presentationLink link:definitionLink link:calculationLink 000370 - Disclosure - Note 7 - Commitment and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Details) link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Inventories (Policies) link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Related Parties (Policies) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Use of Estimates (Policies) link:presentationLink link:definitionLink link:calculationLink 000240 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Revenue Recognition (Policies) link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note 5 - Line of Credit link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note 6 - Convertible Notes link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Accounts Receivable (Policies) link:presentationLink link:definitionLink link:calculationLink 000350 - Disclosure - Note 5 - Line of Credit (Details) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Fair Value Measurements (Policies) link:presentationLink link:definitionLink link:calculationLink 000330 - Disclosure - Note 3 - Inventory: Schedule of Inventory, Current (Details) link:presentationLink link:definitionLink link:calculationLink 000320 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Research and Development (Details) link:presentationLink link:definitionLink link:calculationLink 000300 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Accounts Receivable (Details) link:presentationLink link:definitionLink link:calculationLink 000340 - Disclosure - Note 4 - Related Party Transactions (Details) link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Note 2 - Significiant Accounting Policies and Practice: Fair Value of Financial Instruments (Policies) link:presentationLink link:definitionLink link:calculationLink 000360 - Disclosure - Note 6 - Convertible Notes (Details) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 gkit-20180630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 gkit-20180630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 gkit-20180630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Long-term Debt, Maturities, Repayments of Principal in Year Four Long term debt - related party CEE Represents the monetary amount of Long term debt - related party CEE, as of the indicated date. Policies Note 6 - Convertible Notes Net Cash used in Financing Activities Net Cash used in Financing Activities Depreciation expense Selling, general, and administrative Cost of revenue TOTAL LIABILITIES TOTAL LIABILITIES Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months Inventory, Gross Schedule of Inventory, Current Note 8 - Subsequent Events Note 3 - Inventory Cash, at beginning of period Cash, at beginning of period Cash, at end of period Long term debt Represents the monetary amount of Long term debt, during the indicated time period. Accounts payable - related party {1} Accounts payable - related party Accounts receivable TOTAL COSTS AND EXPENSES Property and equipment, net Entity Well-known Seasoned Issuer Entity Filer Category Convertible Notes Payable First Standard Real Estate, LLC - Related by President Statement [Table] Fair Value Measurements Debt converted to Common Stock Represents the monetary amount of Debt converted to Common Stock, during the indicated time period. Accounts payable {1} Accounts payable Revenue Common stock Accounts receivable, net of allowance for doubtful accounts Current Assets: Entity Common Stock, Shares Outstanding Document Period End Date Debt Instrument, Convertible, Conversion Price Research and Development Use of Estimates Note 7 - Commitment and Contingencies Note 4 - Related Party Transactions Interest income Interest (expense) Short term debt CEC Represents the monetary amount of Short term debt CEC, as of the indicated date. Accounts payable - related party Inventories, net Amendment Flag Notes Payable, Current Related Party Transactions 2 Related Party Transacations Tables/Schedules Net increase in cash Net increase in cash Deferred rent expense Research and development Accumulated deficit Additional paid-in capital Total Non-Current Assets Cash Document Fiscal Year Focus Trading Symbol Document Type Debt Instrument, Unamortized Discount President and His Related Entities Inventory, Raw Materials, Gross Long Lived Assets Short term debt Represents the monetary amount of Short term debt, during the indicated time period. Net Income (Loss) Stockholders' Deficit ASSETS Entity Current Reporting Status Adjustments to reconcile net income (loss) to net cash used in operating activities: Income (Loss) from operations Income (Loss) from operations Commitments and Contingencies Entity Voluntary Filers Document and Entity Information: Long-term Debt, Gross Inventory, Included in Current Assets Represents the monetary amount of Inventory, Included in Current Assets, as of the indicated date. Schedule of Future Minimum Rental Payments for Operating Leases Note 5 - Line of Credit Represents the textual narrative disclosure of Note 5 - Line of Credit, during the indicated time period. Cash paid for interest Supplemental Cash Flow Information: Accrued expense Total non-current liabilities Deferred rent - net of current Accrued liabilities LIABILITIES AND STOCKHOLDERS' DEFICIT Current Fiscal Year End Date Related Parties Represents the textual narrative disclosure of Related Parties, during the indicated time period. Reclassifications Note 2 - Significiant Accounting Policies and Practice TOTAL CURRENT ASSETS TOTAL CURRENT ASSETS Entity Central Index Key Long-term Debt CEE, LLC Inventories Prepaid Inventory {1} Prepaid Inventory Represents the monetary amount of Prepaid Inventory, during the indicated time period. Stock compensation expense Income Statement Accounts payable Entity Public Float Convertible Debt Related Party Transacations [Axis] Revenue Recognition Statement of Cash Flows Other income (expense) Prepaid Inventory Represents the monetary amount of Prepaid Inventory, as of the indicated date. Shares Issued from Convertible Notes Payable, Shares Represents the SharesIssuedFromConvertibleNotesPayableShares (number of shares), during the indicated time period. Defiance Company, LLC - Owned by President Income Taxes Total Other income (expense) Non-Current Liabilities Total Current Liabilities Short term debt - related party Represents the monetary amount of Short term debt - related party, as of the indicated date. Covertible notes payable Long-term Debt, Maturities, Repayments of Principal in Year Two Earning Or Loss Per Share Accounts Receivable Concentration of Credit Risk Non Cash Investing or Financing Activities Costs and Expenses: TOTAL STOCKHOLDERS' DEFICIT Deferred income Document Fiscal Period Focus Related Party Transactions 2 [Axis] Financing Activities: Change in operating assets and liabilities: Basic and Diluted Income (Loss) per share Common Stock, Shares Issued Long term payable - related party Represents the monetary amount of Long term payable - related party defiance, as of the indicated date. Deferred rent - current Represents the monetary amount of Deferred rent - current, as of the indicated date. Current Liabilities: Total Assets Total Assets Statement [Line Items] Details Property and Equipment Note 1 - Basis of Presentation Cash paid for income taxes Borrowings under lines of credit-related party Represents the monetary amount of Borrowings under lines of credit-related party, during the indicated time period. Inventory Common Stock, Shares Outstanding Long term debt CEC Represents the monetary amount of Long term debt CEC, as of the indicated date. Entity Registrant Name First Warner Properties LLC - Related by President Deferred income {1} Deferred income Weighted average number of common shares outstanding - Basic and Diluted Gross Profit Gross Profit TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT Statement of Financial Position Long-term Debt, Maturities, Repayments of Principal in Year Three Line of Credit Used Represents the monetary amount of Line of Credit Used, during the indicated time period. Lease Agreements Fair Value of Financial Instruments Notes Net cash (used) in provided by Operating Activities Net cash (used) in provided by Operating Activities Common Stock, Shares Authorized Other liabilities EX-101.PRE 11 gkit-20180630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2018 shares
Document and Entity Information:
Entity Registrant Name	GREENKRAFT, INC.
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Trading Symbol	gkit
Amendment Flag	false
Entity Central Index Key	0001398529
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	105,102,718
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2

XML 13 R2.htm IDEA: XBRL DOCUMENT

GREENKRAFT, INC. - Balance Sheets - USD ($)

Jun. 30, 2018

Dec. 31, 2017

Current Assets:

Cash

$ 134,807

$ 18,339

Accounts receivable, net of allowance for doubtful accounts

^[1]

3,600

Inventories, net

1,973,396

1,496,082

Prepaid Inventory

509,365

TOTAL CURRENT ASSETS

2,111,803

2,027,386

Property and equipment, net

57,198

62,669

Total Non-Current Assets

57,198

62,669

Total Assets

2,169,001

2,090,055

Current Liabilities:

Accounts payable

23,325

Accounts payable - related party

190,000

130,000

Accrued liabilities

129,561

108,219

Deferred income

475,995

Covertible notes payable

5,500

7,500

Other liabilities

75,000

Short term debt CEC

120,000

240,000

Short term debt - related party

350,000

Deferred rent - current

831

Total Current Liabilities

1,346,887

1,060,870

Non-Current Liabilities

Deferred rent - net of current

8,000

Long term payable - related party

2,718,250

Long term debt CEC

924,000

Total non-current liabilities

3,650,250

TOTAL LIABILITIES

4,997,137

4,711,120

Commitments and Contingencies

Stockholders' Deficit

Common stock

105,103

103,103

Additional paid-in capital

4,105,577

Accumulated deficit

(7,038,816)

(6,829,745)

TOTAL STOCKHOLDERS' DEFICIT

(2,828,136)

(2,621,065)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

$ 2,169,001

$ 2,090,055

[1]	Net of allowance for doubtful accounts of $0

XML 14 R3.htm IDEA: XBRL DOCUMENT

Statement of Financial Position - Parenthetical - shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Shares Issued	105,102,718	103,102,718
Common Stock, Shares Outstanding	105,102,718	103,102,718

XML 15 R4.htm IDEA: XBRL DOCUMENT

GREENKRAFT, INC. - Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
GREENKRAFT, INC. - Statements of Operations - USD ($)	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement
Revenue	$ 207,384	$ 59,011	$ 318,960	$ 390,255
Cost of revenue	138,622	61,306	233,717	258,482
Gross Profit	68,762	(2,295)	85,243	131,773
Costs and Expenses:
Research and development	0	0	0	162
Selling, general, and administrative	148,738	1,025,544	294,314	1,152,253
TOTAL COSTS AND EXPENSES	148,738	1,025,544	294,314	1,152,415
Income (Loss) from operations	(79,976)	(1,027,839)	(209,071)	(1,020,642)
Other income (expense)
Interest (expense)		1		(87)
Interest income		1		2
Total Other income (expense)		2		(85)
Net Income (Loss)	$ (79,976)	$ (1,027,837)	$ (209,071)	$ (1,020,727)
Basic and Diluted Income (Loss) per share	$ (0.00)	$ 0.00	$ (0.00)	$ 0.00
Weighted average number of common shares outstanding - Basic and Diluted	105,102,718	99,144,696	104,837,525	97,796,199

XML 16 R5.htm IDEA: XBRL DOCUMENT

GREENKRAFT, INC. - Statements of Cash Flows - USD ($)	6 Months Ended
GREENKRAFT, INC. - Statements of Cash Flows - USD ($)	Jun. 30, 2018	Jun. 30, 2017
Statement of Cash Flows
Net Income (Loss)	$ (209,071)	$ (1,020,727)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock compensation expense		867,100
Depreciation expense	5,471	2,736
Change in operating assets and liabilities:
Accounts receivable		44,191
Inventory	(477,314)	112,758
Prepaid Inventory	509,365
Accounts payable	(23,325)	(34,301)
Accounts payable - related party	60,000	60,000
Accrued expense	21,342	(1,057)
Deferred income		(4,970)
Deferred rent expense		(501)
Long term debt	(40,000)
Short term debt	(80,000)	0
Net cash (used) in provided by Operating Activities	(233,532)	25,229
Financing Activities:
Borrowings under lines of credit-related party	350,000
Net Cash used in Financing Activities	350,000
Net increase in cash	116,468	25,229
Cash, at beginning of period	18,339	379,078
Cash, at end of period	134,807	404,307
Supplemental Cash Flow Information:
Cash paid for interest
Cash paid for income taxes
Non Cash Investing or Financing Activities
Debt converted to Common Stock	$ 2,000

XML 17 R6.htm IDEA: XBRL DOCUMENT

Note 1 - Basis of Presentation

6 Months Ended

Jun. 30, 2018

Notes

Note 1 - Basis of Presentation

NOTE 1 – BASIS OF PRESENTATION

The included (a) condensed balance sheet as of December 31, 2017, which has been derived from audited financial statements, and (b) the unaudited condensed financial statements as of June 30, 2018 and 2017, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s December 31, 2017 Form 10-K on April 16, 2018. [SNN1] In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the condensed financial statements which substantially duplicate the disclosure contained in the financial statements as reported in the Annual Report on Form 10-K for the year ended December 31, 2017 as filed on April 16, 2018 have been omitted.

Recently issued accounting pronouncements

Leases

Compensation – Stock Compensation

Cash Receipts and Cash Payments

Income Tax

XML 18 R7.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice

6 Months Ended

Jun. 30, 2018

Notes

Note 2 - Significiant Accounting Policies and Practice

NOTE 2 - SIGNIFICIANT ACCOUNTING POLICIES AND PRACTICE

Reclassifications

Certain prior year amounts have been reclassified to conform with the current year presentation.

Use of estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States necessarily requires management to make estimates and assumptions that affect the amounts reported in the financial statements. We regularly evaluate estimates and judgments based on historical experience and other relevant facts and circumstances. Actual results could differ from those estimates.

Fair Value Measurements

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the condensed consolidated statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.[SNN2] As of June 30, 2018 and December 31, 2017 there were no derivative financial instruments recorded in the financial statements.

Fair Value of Financial Instruments

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Concentration of credit risk

Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and trade receivables. The Company places its cash with high credit quality financial institutions. At times, such cash may be in excess of the FDIC limit. With respect to trade receivables, the Company routinely assesses the financial strength of its customers and, as a consequence, believes that the receivable credit risk exposure is limited.

Accounts Receivable

Trade accounts receivable consist of amounts due from the sale of trucks and parts. Accounts receivable are uncollateralized customer obligations due under normal trade terms requiring payment within 90 days of receipt of the invoice. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts based on historical collection experience and a review of the current status of trade accounts receivable. At June 30, 2018 and December 31, 2017, the Company characterized $0 and $0 as uncollectible, respectively. At June 30, 2018,[SNN3] and December 31, 2017 the accounts receivable, $3,600 represents one customer from the sale of parts.

Inventories

Inventories are primarily raw materials. Inventories are valued at the lower of, cost as determined on a weighted average cost basis, or market. Market value is determined by reference to selling prices after the balance sheet date or to management’s estimates based on prevailing market conditions. Management writes down the inventories to market value if it is below cost. Management also regularly evaluates the composition of its inventories to identify slow-moving and obsolete inventories to determine if valuation allowance is required. Costs of raw material inventories include purchase and related costs incurred in bringing the products to their present location and condition.

Property and equipment

Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repair and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of the property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are ten years for all the equipment held by the Company. Depreciation expense of $2,735 and $2,735 are recognized for the three months ended June 30, 2018 and 2017, respectively. The depreciation expense for six months ended June 30 2018 and 2017 is $5,471 and $[SNN4] 2,736.

Research and development

Costs incurred in connection with the development of new products and manufacturing methods are charged to selling, general and administrative expenses as incurred. During the three months ended June 30, 2018 and 2017, $0 and $0, respectively, and for six months ended June 30, 2018 and 2017 the amounts were $0 and $162.

Long Lived Assets

In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 360, Property, Plant and Equipment, the Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicated that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and a current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life.

Revenue recognition

Greenkraft recognizes revenue according to ASC 606 when persuasive evidence of an arrangement exists, products and/or services have been delivered, the sales price is fixed or determinable, and collectability is reasonably assured. This typically occurs when the product is shipped or delivered to the customer. Cash payments received prior to delivery of products are deferred until the products are delivered. Also, there was funding for the incremental cost of the vehicles was provided by the California Energy Commission (CEC). The CEC provides up to (i) $20,000 per vehicle that are up to 26,000 LBS GVWR and (ii) $26,000 per vehicle that are over 26,000 LBS GVWR. These funds are paid directly to the Company and taken in as deposits until actual delivery of the vehicles at which time it is deemed revenue. The Company has received $2.024 million related to the sale of CNG and propane trucks as of June 30, 2018 and December 31, 2017.

Income taxes

Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. These assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to reverse.

Earning or Loss per Share

The Company accounts for earnings per share pursuant to ASC 260, Earnings per Share, which requires disclosure on the financial statements of "basic" and "diluted" earnings (loss) per share. Basic earnings (loss) per share are computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to stock options and warrants for each year. As there was a net loss for the three months ended and six months ended June 30, 2018, basic and diluted loss per share are the same.

Related Parties

A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

XML 19 R8.htm IDEA: XBRL DOCUMENT

Note 3 - Inventory

6 Months Ended

Jun. 30, 2018

Notes

Note 3 - Inventory

NOTE 3 – INVENTORY

	June 30, 2018		December 31, 2017
Raw materials		$ 1,973,396		$ 1,496,082

Prepaid Inventory		0		509,365
Total Inventory		1,973,396		2,005,447


Inventory, included in current assets		$ 1,973,396		$ 2,005,447

XML 20 R9.htm IDEA: XBRL DOCUMENT

Note 4 - Related Party Transactions

6 Months Ended

Jun. 30, 2018

Notes

Note 4 - Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

XML 21 R10.htm IDEA: XBRL DOCUMENT

Note 5 - Line of Credit

6 Months Ended

Jun. 30, 2018

Notes

Note 5 - Line of Credit

NOTE 5 – LINE OF CREDIT

During the six months ended June 30, 2018 the company used a line of credit for $350,000 from the CEO.

XML 22 R11.htm IDEA: XBRL DOCUMENT

Note 6 - Convertible Notes

6 Months Ended

Jun. 30, 2018

Notes

Note 6 - Convertible Notes

NOTE 6 – CONVERTIBLE NOTES

The Company evaluated the embedded conversion feature within the above convertible notes under ASC 815-15 and ASC 815-40 and determined the [SNN5] embedded conversion feature does not meet the definition of a derivative [SNN6] liability. Then the Company evaluated the conversion feature for a beneficial conversion feature at inception. The Company accounted for the intrinsic value of a Beneficial Conversion Feature inherent to the convertible note payable and a total debt discount of $15,000 was recorded.

As of June 30, 2018 and December 31, 2017, convertible note[SNN7] s had a balance of $5,500 and $7,500 respectively [SNN8] net of $0 unamortized debt discount.

During [SNN9] the six months ended June 30, 2018, the holder of a convertible note converted $2,000 of the convertible note payable into 2,000,000 common shares.

XML 23 R12.htm IDEA: XBRL DOCUMENT

Note 7 - Commitment and Contingencies

6 Months Ended

Jun. 30, 2018

Notes

Note 7 - Commitment and Contingencies

NOTE 7 – COMMITMENT AND CONTINGENCIES

Years ending December 31,		Amount

2018		60,000
2019		120,000
2020		120,000
2021 and thereafter		70,000

Total		$ 370,000

XML 24 R13.htm IDEA: XBRL DOCUMENT

Note 8 - Subsequent Events

6 Months Ended

Jun. 30, 2018

Notes

Note 8 - Subsequent Events

NOTE 8 – SUBSEQUENT EVENTS

XML 25 R14.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Reclassifications (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Reclassifications

Reclassifications

Certain prior year amounts have been reclassified to conform with the current year presentation.

XML 26 R15.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Use of Estimates (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Use of Estimates

Use of estimates

XML 27 R16.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Fair Value Measurements (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Fair Value Measurements

Fair Value Measurements

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the condensed consolidated statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.[SNN2] As of June 30, 2018 and December 31, 2017 there were no derivative financial instruments recorded in the financial statements.

XML 28 R17.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Fair Value of Financial Instruments (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Fair Value of Financial Instruments

Fair Value of Financial Instruments

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

XML 29 R18.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Concentration of Credit Risk (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Concentration of Credit Risk

Concentration of credit risk

XML 30 R19.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Accounts Receivable (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Accounts Receivable

Accounts Receivable

- Definition

Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables.

+ References + Details

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Note 2 - Significiant Accounting Policies and Practice: Inventories (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Inventories

Inventories

XML 32 R21.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Property and Equipment (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Property and Equipment

Property and equipment

XML 33 R22.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Research and Development (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Research and Development

Research and development

XML 34 R23.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Long Lived Assets (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Long Lived Assets

Long Lived Assets

XML 35 R24.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Revenue Recognition (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Revenue Recognition

Revenue recognition

XML 36 R25.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Income Taxes (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Income Taxes

Income taxes

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References + Details

XML 37 R26.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Earning Or Loss Per Share (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Earning Or Loss Per Share

Earning or Loss per Share

XML 38 R27.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Related Parties (Policies)

6 Months Ended

Jun. 30, 2018

Policies

Related Parties

Related Parties

XML 39 R28.htm IDEA: XBRL DOCUMENT

Note 3 - Inventory: Schedule of Inventory, Current (Tables)

6 Months Ended

Jun. 30, 2018

Tables/Schedules

Schedule of Inventory, Current

	June 30, 2018		December 31, 2017
Raw materials		$ 1,973,396		$ 1,496,082

Prepaid Inventory		0		509,365
Total Inventory		1,973,396		2,005,447


Inventory, included in current assets		$ 1,973,396		$ 2,005,447

XML 40 R29.htm IDEA: XBRL DOCUMENT

Note 7 - Commitment and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)

6 Months Ended

Jun. 30, 2018

Tables/Schedules

Schedule of Future Minimum Rental Payments for Operating Leases

Years ending December 31,		Amount

2018		60,000
2019		120,000
2020		120,000
2021 and thereafter		70,000

Total		$ 370,000

XML 41 R30.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Accounts Receivable (Details) - USD ($)

Jun. 30, 2018

Dec. 31, 2017

Details

Accounts receivable, net of allowance for doubtful accounts

^[1]

$ 3,600

[1]	Net of allowance for doubtful accounts of $0

XML 42 R31.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Property and Equipment (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Details
Depreciation expense	$ 5,471	$ 2,736

XML 43 R32.htm IDEA: XBRL DOCUMENT

Note 2 - Significiant Accounting Policies and Practice: Research and Development (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Details
Research and development	$ 0	$ 0	$ 0	$ 162

XML 44 R33.htm IDEA: XBRL DOCUMENT

Note 3 - Inventory: Schedule of Inventory, Current (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Details
Inventory, Raw Materials, Gross	$ 1,973,396	$ 1,496,082
Prepaid Inventory	0	509,365
Inventory, Gross	1,973,396	2,005,447
Inventory, Included in Current Assets	$ 1,973,396	$ 2,005,447

XML 45 R34.htm IDEA: XBRL DOCUMENT

Note 4 - Related Party Transactions (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Accounts payable - related party	$ 190,000	$ 130,000
Defiance Company, LLC - Owned by President
Accounts payable - related party	285,389
President and His Related Entities
Notes Payable, Current	1,901,916
CEE, LLC
Long term debt - related party CEE	5,945
First Warner Properties LLC - Related by President \| Lease Agreements
Accounts payable - related party	525,000
First Standard Real Estate, LLC - Related by President \| Lease Agreements
Accounts payable - related party	$ 190,000	$ 130,000

XML 46 R35.htm IDEA: XBRL DOCUMENT

Note 5 - Line of Credit (Details)	6 Months Ended
Note 5 - Line of Credit (Details)	Jun. 30, 2018 USD ($)
Details
Line of Credit Used	$ 350,000

XML 47 R36.htm IDEA: XBRL DOCUMENT

Note 6 - Convertible Notes (Details) - USD ($)	6 Months Ended
Note 6 - Convertible Notes (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Oct. 31, 2015
Details
Long-term Debt, Gross			$ 15,000
Debt Instrument, Convertible, Conversion Price			$ 0.001
Convertible Debt	$ 5,500
Debt Instrument, Unamortized Discount		$ 7,500
Convertible Notes Payable	$ 2,000
Shares Issued from Convertible Notes Payable, Shares	2,000,000

XML 48 R37.htm IDEA: XBRL DOCUMENT

Note 7 - Commitment and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Details)	Jun. 30, 2018 USD ($)
Details
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 60,000
Long-term Debt, Maturities, Repayments of Principal in Year Two	120,000
Long-term Debt, Maturities, Repayments of Principal in Year Three	120,000
Long-term Debt, Maturities, Repayments of Principal in Year Four	70,000
Long-term Debt	$ 370,000

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