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Patent acquisition
3 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Patent acquisition
Note 10 – Patent acquisition
 

Pursuant to Patent Acquisition Agreement signed on January 19, 2013 between the Company and Perpetual Wind Power Corporation (the “Seller”), a privately held company organized in the State of Delaware, Seller agrees to sell to the Company and the Company agrees to purchase from the Seller the perpetual wind patent for an aggregate purchase price of 2,500,000 newly issued common stock of the Company with par value of $0.001 to be issued to the Seller’s shareholders.  Seller also agrees as additional consideration at the closing date to return the Company’s treasury the 24,500,000 shares of common stock with the par value of $0.001.

 
The Company used the par value method to record the patent acquisition transaction.  The management estimated that the patent acquisition transaction is in good faith and with mutually agreed price which represents the fair value of the patent.  Due to there were no active stock trading activities, the trading price for the Company may not represent the fair value of the patent.  Accordingly, the Company recorded the total patent of $2500, and returned treasury stocks of $24,500.  Due to the limited stock market activities and limited access of a pending patent application, there might be uncertainty about the patent valuation.  The financial statements do not include adjustments that might result from the outcome of this uncertainty.