XML 35 R24.htm IDEA: XBRL DOCUMENT v3.6.0.2
Subsequent Events
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events

NOTE 19 – SUBSEQUENT EVENTS

 

In the second quarter of 2016, the Company engaged in the following transactions:

 

  a- The Company issued 3 million shares of common stock value at $6,000 for services.
     
  b- The company issued approximately 45.7 million shares of common stock valued at approximately $82,000 pursuant to the final conversion of a liability.
     
  c- The Company has placed purchase orders for the pre production manufacturing of 10 Mark 1 engines to test application and integration with customers’ systems.
     
  d- In recognition of the declining market value and low market volume, the company sold all of its investment in Q 2 Power Technologies for $44,000 and realized a loss of $ 662,844.
     
  e- Effective September 1, 2016, the company raised the authorized common stock to 4,000,000,000 shares.
     
  f- The company issued 80 million shares of common stock valued at $216,000 pursuant to the conversion of a liability.