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Investments in Available for Sale Securities
3 Months Ended
Dec. 31, 2014
Investments in Available for Sale Securities [Abstract]  
Investment in Available for Sale Securities

Note 4. Investments in Available for Sale Securities

 

On October 11, 2013, we entered into an agreement with Biofuels Power Corp. (“Biofuels Power”) to acquire the common stock of Biofuels Power. Under the terms of the agreement, we will contribute introductions and consulting with respect to marketing and introductions for business. In addition, we will fund up to $100,000 in monthly contributions of $20,000. These contributions are solely at the discretion of the Company. In exchange for the contributions, we will receive common stock of Biofuels Power Corp. at two-thirds of the market price of the common stock.

 

During the year ended September 30, 2014, we contributed $35,000 to the joint venture through the purchase of Biofuel Power's common stock. As a result, we acquired 194,067 shares of Biofuel Power common stock. The shares were valued at $52,398 on December 31, 2014 based on the closing market price of the stock on that date. The shares of common stock owned by the Company represent less than five percent of the outstanding shares of Biofuel Power.