11. Subsequent Events
|6 Months Ended|
Jun. 30, 2020
|Subsequent Events [Abstract]|
AOT Demonstration Project
As previously reported in our Form 8-K filed with the SEC on July 13, 2020, our AOT equipment was removed from the demonstration site on July 8, 2020. Due to a lack of capital available to the Company, our AOT testing activities have ceased and our AOT equipment is now in storage. Subject to an infusion of capital into the company, we plan to assess the AOT equipment and seek to restart development and testing activities. See item 2, below, under the Overview section thereunder for a discussion of the status of our AOT testing efforts and the removal of our equipment from the demonstration site.
Issuance of Unregistered Securities
In August 2020, the Company issued 666,667 shares of restricted common stock for proceeds of $10,000 at a price of $0.015, along with other considerations.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef