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Subsequent Events
6 Months Ended
Jun. 30, 2019
Notes  
Subsequent Events

NOTE 9 – SUBSEQUENT EVENTS

 

There have been a further 114,099,691 shares issued for conversions by Noteholders since June 30, 2019.

There have been no new loan notes issued by the Company since June 30, 2019

 

The Company has implemented its plan to postpone the Goldendale campus building site project and make use of the funds from the repurchase of the land by the City of Goldendale. The funds were used to lease an existing facility large enough to fulfill the Company’s startup needs as well as capital to purchase production equipment. This tactic will allow the Company to begin operations and address the numerous developer and contractor requests and get some housing produced as soon as possible.

On June 18, The Company has entered into a standard lease agreement at its new production facility and took possession in July. The lease agreement set cost per month is $2,000 plus electricity. The initial contract period is until December 31, 2019 and is renewable under a new lease contract or on a month by month basis if we prefer.