EQUIPMENT DEPOSITS

9 Months Ended

Sep. 30, 2020

EQUIPMENT DEPOSITS

EQUIPMENT DEPOSITS

NOTE 4    EQUIPMENT DEPOSITS

The Company entered into agreements with third party contractors for the design and build of a battery packaging and inspection automation system and a cell testing system. On July 22, 2021 and September 27, 2021, the Company paid deposits of $330,000 and $699,805 in connection with these agreements.