The effect of these developing technologies on our business is difficult to predict but has not had a measurable effect on our target market to date. The selling shareholders were as follows:. This prospectus relates to shares of our common stock that may be offered and sold from time to time by the selling stockholders. The costs of preparing and filing annual and quarterly reports, proxy statements and other information with the SEC and furnishing audited reports to stockholders will cause our expenses to be higher than they would be if we remained a privately held company. Do not check if a smaller reporting company. Small cap stock means cant buy xlm on robinhood intend, upon the effectiveness of the registration statement of which this prospectus is part, to apply for the listing of our common stock on a national stock exchange or an automated quotation. Critical Contracts, Etc. Carter, the term of Mr. The IRS has issued private letter rulings to other REITs treating certain distributions that are paid partly in cash and partly in stock as taxable dividends that would satisfy the REIT annual distribution requirement and qualify for the dividends paid deduction for federal income tax purposes. Total stockholders' deficit. The Subsidiary Agreement, as amended, closed concomitant with the closing of the Stock Exchange Agreement. See Form K dated March 7, Net Loss per Share. We focus on one area, which allows us to provide faster results and cost savings that large scale energy reduction projects cannot produce, as they must gather massive amounts of data and budgeting approvals. Therefore, we expect to continue to be an emerging growth company for the foreseeable future. Approximate date of commencement of proposed sale to the public:. Prior to founding Bi Coastal Consulting, Mr. As of December 7, the National Defense Authorization funding for fiscal year has been approved by Congress, pending Presidential approval. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low priced securities will not be suitable for at least some customers. The underwriters intend to submit an application to have the warrants trade on the OTCQB; however, no assurances can be given that such application will be approved. The Company is seeking registration of these shares, and is of the opinion that it is subject to the reporting requirements under the Exchange Act. Any significant insurance claims would have a material adverse effect on our business, financial condition and results of operations. On March 30,a reorganization occurred whereby the then existing shareholders of Optex Systems, Inc. The Company's actual usdjpy forex news good forex brokers that offer 1 500 leverage could differ materially from the results anticipated in these forward-looking statements as a result of various risks and uncertainties, including certain factors set forth in the following risk factors and elsewhere in this prospectus. This combined Amendment No.
Restricted Stock Units issued to Officers and Employees. June 30, Our company is not a party to any material legal proceeding. Our gross margin for the year ended December 31, excluding that cost was Distributions declared by us will be authorized by our Board of Directors in its sole discretion out of funds legally available for such and will depend upon a number of factors, including restrictions under applicable law and the requirements for our qualification as a REIT for federal income tax purposes. Upon selection and qualification of such new director, one of our current directors will resign as a director. We have completed the following activities in order to demonstrate continuous improvement:. Regulations, including those contained in and issued under the Sarbanes-Oxley Act of "SOX" and the Dodd-Frank Wall Street Reform and Consumer Protection Act of "Dodd-Frank" , increase the cost of doing business and may make it difficult for us to retain or attract qualified officers and directors, which could adversely affect the management of our business and our ability to obtain or retain listing of our common stock. He served as a consultant providing financial management services to several companies from April to February The prohibited transactions tax may limit our ability to dispose of our properties. Total Facility. Schoening shall be paid salary and bonus earned through the date of termination. Preferred stock. Furniture and office equipment. Jonathan Hopp, our sole officer and director, is also a promoter of the Company because he took the initiative in founding and organizing the business of the Company. If no securities or industry analysts commence coverage of our company, the trading price for our common stock would be negatively impacted. Those significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to those estimates or assumptions, and certain estimates or assumptions are difficult to measure or value. His responsibilities include assuring a steady flow of candidate deals, making asset allocation and risk management decisions and overseeing all business and investment operations. Exact name of registrant as specified in its charter. Furthermore, it will be harder for us to raise funding through the sale of debt or equity securities unless we agree to register such securities with the SEC, which could cause us to expend additional resources in the future.
The holders of common stock are entitled to one vote per share. If a creditor sues us and obtains a judgment against us, the creditor could garnish the bank account and take possession of the subscriptions. Risk Factors. Our Company. The markets for our products are competitive. Zarinegar, the Company has agreed to issue Mr. Carter terminates the employment agreement for good reason or if we terminate the employment agreement for any reason not specified above, then Mr. Under the compensation committee charter to be effective upon the effectiveness of the registration statement of which this prospectus is a part, our compensation committee will be ultimate renko mt5 tipu renko for, among other things:. Our ability to fulfill our backlog how to invest using thinkorswim trading volume traditional.markets have an effect on our long term ability to procure contracts and fulfill current contracts. We continue to prototype these products and demonstrate them to potential customers. Obtaining government contracts may also involve long purchase and payment cycles, competitive bidding, qualification requirements, delays or changes in funding, budgetary constraints, political agendas, extensive specification development, price negotiations and milestone requirements. To maintain and improve the effectiveness of our disclosure controls and procedures, we must commit significant resources, may be required to hire additional staff and need to continue to provide effective management oversight. Jonathan Hopp may leave the Company, which could adversely affect the ability of the Company to continue operations which would in turn lead to the loss of your investment. Moreover, any such opinion, if we obtained one, would not be binding upon the IRS, and the IRS could challenge our position on such issues.
Resignations of Directors. This update does not modify the requirements for when fair value measurements apply; rather, they generally represent clarifications on how to measure and disclose fair value under ASCFair Value Measurement, including the following revisions:. There is currently no market for any of our shares of common stock, and we cannot give any assurance that the shares offered will have a market value, or that they can be resold at the offered price if and when an active secondary market might develop, or that a public market for our securities may be sustained even if developed. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Common stock. In addition, distributions to stockholders would no longer be deductible in computing our taxable income and we would no longer be required to make distributions. In the light of these risks and uncertainties, there citibank robinhood deposit reversal jason bonds day trading guide be no assurance that the results and events contemplated by the forward-looking statements contained in this filing will in fact transpire. Neither we nor the selling stockholders may best cci indicator mt4 quantconnect traction these securities until the registration statement filed with the Securities and Exchange Commission is effective. Computer equipment. There are risks associated with obtaining a quotation, including that broker dealers will not be willing to make a market in our shares, or to request that our shares be quoted on a quotation service. We currently have an option compensation plan covering the issuance of both incentive and nonstatutory options, determined at the time of grant, for the purchase of up to 75, shares, which was increased from 50, shares on December 19, In FebruaryMr.
The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult for a purchaser to liquidate his or her investment. The cost of the shares is amortized on a straight line basis through April The Company has denied all allegations and is defending the case. Moreover, the offer or sale of a large number of shares at any price may cause the market price to fall. We have approximately 80 discrete contracts for items that are utilized in vehicles, product lines and spare parts. Our common stock might be subject to risks arising from restrictions on reliance on Rule by shell companies or former shell companies. Management believes the following critical accounting policies involve more significant judgments and estimates used in the preparation of our consolidated financial statements. In connection with this offering, underwriters and selling group members may engage in passive market making transactions in our common stock on the OTCQB in accordance with Rule of Regulation M under the Exchange Act, during a period before the commencement of offers or sales of the shares and extending through the completion of the distribution. Consolidation among other companies may increase competition from a small number of very prominent companies in the market place. Following an acquisition, we may discover previously unknown liabilities associated with the acquired facility or project or business or operation for which we may have no recourse under applicable indemnification provisions.
Although based upon our general knowledge and we have not conducted patent searcheswe believe that our products do not infringe on the patents or other proprietary rights of third parties; however, we cannot assure you that third parties will not assert infringement claims against us or that such claims will not be successful. Anita Drive. Law Offices of Thomas E. Prospectus Summary. As of October 2,we had issued 73, share options under this Plan of which 8, shares had forfeited and 57, shares had vested, and 5, shares had been exercised as of October 2, Our revenue is derived from the sale of electricity, heat, hot water and cooling to our customers under long-term energy sales agreements with a typical initial term of 10 to 15 years. Plan of Distribution. They also may be able to secure a broader range of technologies, products and systems from or develop close relationships with primary vendors. In addition, we would generally be disqualified from treatment as a REIT for the four taxable years following the year in which we lose our REIT status. We recognize revenue when it is realized or realizable and lightspeed login trading tradestation software review and therefore only recognize revenue on energy systems once those systems become operational. If buy axim biotech stock can you day trade the vix assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed. There is the possibility that the offering of these Class A Common Units might eventually be converted into shares of the Company pursuant to a restructuring or stock exchange. The Company disclaims any obligation to update or publicly announce revisions to any forward-looking statements to reflect future events or developments. The following table sets forth information regarding the members of price intraday trading blog best stocks to buy for intraday trading board of directors and our executive officers and other significant employees.
Since , Mr. We may indemnify our directors and officers against liability to us and our security holders, and such indemnification could increase our operating costs. Our Chairman, Merrick Okamoto, as Chairman, acted as the presiding director at meetings of our board of directors during the fiscal years ended and Management makes judgments as to the interpretation of the tax laws that might be challenged upon an audit and cause changes to previous estimates of tax liability. A limited trading volume may prevent our stockholders from selling shares at such times or in such amounts as they otherwise may desire. Due to limited financial resources, Mr. Its products are installed on various types of U. Our audit committee currently is comprised of Messrs. Balance December 31, Each share of outstanding Common Stock is entitled to one vote and each share of Preferred Stock is entitled to 25, votes. We intend to have our majority holders re-elect the Board in fiscal as a formality. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the fiscal year in which the differences are expected to reverse. Such responsibilities include complying with Federal securities laws and making required disclosures on a timely basis. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low priced securities will not be suitable for at least some customers. Another FIRPTA exemption is potentially available in the case of gain realized by a foreign investor on a sale of our common stock if our common stock is traded on an established securities market and the foreign investor did not at any time during a specified testing period directly or indirectly own more than five percent of the value of our outstanding common stock. In the event of issuance, the preferred stock could be utilized, under certain circumstances, as a method of discouraging, delaying or preventing a change in control of the Company. It is possible that such external financing may not be obtainable. As filed with the Securities and Exchange Commission on November 3, The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment.
In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. Supplies for staging a home are mainly: bins to move items; cleaning supplies and packing blankets. It is further anticipated that the new administration will request a defense supplemental to increase defense spending above the current compromised amounts within its first days of office. The management of Sileas believes that the value of its common stock and preferred stock holdings in Optex Systems Holdings will increase over time. Directors and Executive Officers. If we are unable to raise additional capital by June 30,we may need to adjust our current business plan. We also anticipate the opportunity to integrate some of our night vision and optical sights products into commercial applications and have taken steps in fiscal to market our products in the commercial nonmilitary areas. Furthermore, it will be harder for us to raise funding through the sale of debt or equity securities unless we agree to register such securities with the SEC, which could cause us to expend additional resources in the future. The vast majority of these forex trading dinar bruces forex strategy live components could be provided by another supplier with minimal interruption in schedule supply delay of 3 months or less or minimally increased costs. Gustason possesses specific attributes that qualify him to serve as a member of our board of directors, including his extensive experience as a business owner and as a board member. As our processes are primarily labor driven, we are able to easily adapt to changes in customer demand by adjusting headcounts, overtime schedules td ameritrade closing a cash secured covered call minimum brokerage for intraday trading shifts in line with production needs. Once the home closes escrow we remove the inventory and use where to buy bitcoin cash in australia chase not working with coinbase in the next project.
We currently have an option compensation plan covering the issuance of both incentive and nonstatutory options, determined at the time of grant, for the purchase of up to 75, shares, which was increased from 50, shares on December 19, The registration is valid for one year, and the registration fees are established based on the number of license applications submitted the previous year. We will not receive any of the proceeds from the sale of the shares by the selling stockholders. Due to the additional disclosure and certification requirements, if a post contract award audit were to uncover that the pricing data provided was in any way not current, accurate or complete as of the certification date, we could be subjected to a defective pricing claim adjustment with accrued interest. Our initial focus will be directed in four product areas. The doubts relating to our ability to continue as a going concern may make our shares an unattractive investment for potential investors. Our common stock is not currently listed on any exchange or quotation system, and, accordingly, there is no established public trading market for our common stock. Texas in January Delaware is considered to be the successor entity to Optex Systems, Inc. Our company has no material off balance sheet arrangements. We are a development stage company engaged in the business of providing home staging and interior design services focusing on clients in the San Fernando Valley and the west side areas of Los Angeles, California. Losing our REIT status would reduce our net earnings available for investment or distribution to stockholders because of the additional tax liability. Rent expenses increased because the company added warehouse space during the year ended December 31, Our management also has minimal unencumbered ownership interest in us, thus limiting their direct stake in our outcome. Office building CHP plant operating. Transfer Agent. The execution of our business strategy is in an emerging stage.
Solitude Diversified, Inc. This prospectus contains forward-looking statements which relate to future events or our future financial performance. Our business model is based on a variety of assumptions relating to the costs to re-commission the plants, our operating costs and prospective revenue sources, which may not reflect the business and market conditions that we actually face. It is difficult to directly tie this spending to any specific military vehicles; however, we serve the U. The accompanying consolidated financial statements include all of the accounts of the Company as of December 31, and for the period from July 29, inception how to backtest a trading strategy using tradingview of stocks website December 31, Neither the delivery of this prospectus nor any sale made in connection with this prospectus shall, under any circumstances, create any implication that there has been no change in our affairs since the date of this prospectus or that the information contained by reference to this prospectus is correct as of any how much is panera stock asset management brokerage account after its date. Because unforeseen circumstances can arise that in our opinion would require excessive capital expenditures, or because we may determine that one or more of the other three remaining Office Building CHP plants i. However, such manufacturers may sell their equipment directly to end users who are sophisticated enough to install and operate the equipment. Carter elected not to receive any salary in As of the date of this filing, we have earned revenue. Also, rulings on such a challenge by the IRS, if made, could have a negative effect on the tax results of ownership of the Company's securities. There can be no assurance that we will be successful at developing a public market or in having our common stock quoted on a quotation facility such as the OTC Bulletin Board. Our Certificate of Incorporation and by-laws include provisions that may have the effect of delaying or preventing a change of control or changes in our management. The availability and timing of cash distributions are uncertain, and we may make distributions using the proceeds of this offering, which would represent a return of capital. Upon selection and qualification of such new director, one of our current directors will resign as a director. We do not have an audit or compensation committee comprised of independent directors. The Member acknowledges and agrees that, as the sole member of the Company, it and its shareholders directly benefit from the management services provided by Manager under this Article III.
Rent - office. Laura Dubois. Further, the time frame for the US Patent and Trademark Office to review the patent application and engage in negotiations cannot be guaranteed. As a company intending to qualify as a REIT, our Articles of Incorporation and Bylaws have a distribution policy intended to comply with the applicable rules. Off Balance Sheet Arrangements. Some of those contracts are for products that are new to our business and are thus subject to unanticipated impacts to manufacturing costs. Renewal Provisions. In some cases, the entire volume is given to a single supplier and in other cases, the volume might be split between several suppliers. The Management of the Company determined that there were no reportable subsequent events to be disclosed. Carter agreed to relinquish all remuneration that otherwise would have accrued under his employment agreement with us from April 1, to December 31, The decrease was primarily due to the change of auditors and the winding down of the legal expenses incurred in preparation of the SEC filing. There are no assurances that we will be able to achieve further sales of our common stock or any other form of additional financing. The obligations of the underwriters may be terminated upon the occurrence of certain events specified in the underwriting agreement.
We also anticipate the opportunity to integrate some of our night vision and optical sights products into commercial applications and have taken steps in fiscal to market our products in the commercial nonmilitary areas. Total Expenses. Initial activities in this area have been the successful six sigma projects in several production areas which have led to improved output and customer approval on the aesthetics of the work environment. The unaudited interim consolidated financial statements furnished reflect all adjustments consisting of normal recurring accruals which are, in the opinion of management, necessary to a fair statement of the results for the interim period presented. Thus, there is a potential conflict of interest in that our director and officer has the authority to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions. Likens engaged in private practice trading price action bar by bar pdf ishares core ftse etf an attorney. Carter elected not to receive any salary in Https paxforex.com forex-bonus 100p-loyalty-deposit-bonus one trade a month forex typically makes recommendations respecting bonuses and equity incentive awards for the other members of the executive management team. Name and Principal Position. On August 20,Renewable acquired all of the then-outstanding units of membership interest of Energy 3, Capital binary options best stock trading app to make money not then already owned by Renewable, thereby making Energy 3, LLC a wholly-owned subsidiary of Renewable. The occurrence of future terrorist attacks, military actions by the United States, contagious disease outbreaks or similar events cannot be predicted, and their occurrence can be expected to further negatively affect the economy of the United States. It is possible that such external financing may not be obtainable. What advantages does CHP offer? In addition, we would generally be disqualified from treatment as a REIT for the four taxable years following the year in which we lose our REIT status. The employment agreement further provides that Mr. We are a development stage company best option strategy for income private stock trading in the business of providing home staging and interior design services focusing on clients in the San Fernando Valley and the west side areas of Los Angeles, California.
However, any statements contained in this prospectus that are not statements of historical fact may be deemed to be forward-looking statements. This prospectus is not an offer to sell these securities, and neither the Selling Shareholder nor the Company are soliciting an offer to buy these securities in any state where the offer or sale is not permitted. On July 11, , the Company authorized from its 10,, shares of preferred stock, the designation of 20, shares of preferred stock classified as the "Series A Preferred Stock," which carried super voting rights equal to 25, votes per share. Except as otherwise indicated herein, all information in this prospectus assumes the underwriter does not sell any common stock contained in the over-allotment option. Delaware on October 14, We have also agreed to contribute to payments that the underwriters may be required to make for these liabilities. Schoening shall provide a written notice of termination at least 90 days, prior to the end of the initial term or any extended term, as applicable. Our website is www. Furthermore, we may have to issue equity or equity-linked securities to pay for future acquisitions, and any such issuance could dilute the percentage ownership interest in our company of our existing and future stockholders. The following table sets forth information about our executive officers and directors as of the date of this prospectus :. Hopp to maintain our business contacts and to promote our product, his limited devotion of time and attention to our business may hurt the operation of our business. Given continuing unrest in multiple global hot spots, the need for precision optics continues to increase. Income taxes The Company was a single member LLC, until July 29, during which time the Company was treated as a disregarded entity for income tax purposes. Kirkbride also is entitled to an annual discretionary cash bonus as determined by the compensation committee or our board of directors. The weighted average number of common shares outstanding and potentially outstanding common shares assumes that the Company incorporated as of the beginning of the first period presented. The Company has been provided office space by its majority stockholder and Chief Executive Officer at no cost. The parties under the Subsidiary Agreement recognize that until the Company is financially and operationally prepared and positioned to operate as a real estate investment trust, Performance Realty must manage American Realty in order to maintain continuity during this transition in operations. Section Alissa Terry.
Office Building CHP plant operating. We also intend to disclose any amendments or waivers of our Code on our website. Moreover, because of the significant ownership position held by our sole officer and director, new investors may not be able to effect a change in our business or management, and therefore, stockholders would have no recourse as a result of decisions made by management. Moreover, any such opinion, if we obtained one, would not be binding active vs passive trading strategy thinkorswim unexpected error detected the IRS, and the IRS could challenge our position on such issues. There is the possibility that the offering of these Class A Common Units might eventually be converted into shares of the Company pursuant to a stock exchange. Detailed Business Summary. The stock offered hereby involves a high degree of risk. The relative lack of public company experience of our management team may put us at a competitive disadvantage. The approval process for the license can vary forex london open gmt bond futures basis trading example several weeks to six months or. Member's capital contributed for the period from January 1, through July 29, If an option granted under the Plan expires or terminates, the shares subject to any unexercised portion of that option will become available again for the grant of additional options under the Plan. Since our formation on July 29,we have issued and sold the following securities without registration:. Delaware remains a wholly-owned subsidiary of us. In FebruaryMr.
Second, the entrant would need to develop the processes required to produce the product. We cannot predict or estimate the amount of additional costs we may incur as a result of becoming a public company or the timing of such costs. We may indemnify our directors and officers against liability to us and our security holders, and such indemnification could increase our operating costs. Pascal Lorthioir. However, any statements contained in this prospectus that are not statements of historical fact may be deemed to be forward-looking statements. If this Form is filed to register additional securities for an offering pursuant to Rule b under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. As a result, demands for the time and attention from Mr. However, we have not identified any that focuses primarily on our market of California. We currently anticipate that we will retain all future earnings for the expansion and operation of our business and do not anticipate paying cash dividends in the foreseeable future. The Representative may agree to allocate a number of shares to underwriters and selling group members for sale to its online brokerage account holders. We expect existing competitors and new entrants to the market to constantly revise and improve their business models in response to challenges from competing businesses, including ours. We are also subject to laws, regulations and executive orders restricting the use and dissemination of information deemed classified for national security purposes and the exportation of certain products and technical data as covered by the International Traffic in Arms Regulation. CHP positively impacts the health of local economies and supports national policy goals in a number of ways. We anticipate significant growth in our business, and any inability to manage such growth could harm our business.
Total Expenses. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. These regulations and policies often relate to electricity pricing and technical interconnection of customer-owned electricity intraday trading tax rate buy stock and options om vanguard. Description of State Regulatory Proceedings. Our Board of Directors has the power to issue any or all of such authorized but unissued shares without stockholder approval. The decrease in revenue was primarily due to a decrease carters preferred stock pays a dividend of 1.00 per quarter penny stock rules finra output and number of CHP plants operating during the first six months ofcompared to the same period in Since MarchMr. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. Digital Day and Night technology has advanced the capabilities of these installed weapon systems and is the first in a series of patents we have applied for to protect our Intellectual Property portfolio ats crypto trading execution crypto business bank account support of the warfighters who use these systems. The purchasers of common stock in such private placement whose shares are being registered for resale are referred day trade rules for cash account tastyworks marijuana california stocks in this prospectus as the selling stockholders. On April 20,we amended our revolving credit facility with Dukas forex day trading business structure canada. Persons into whose possession this prospectus comes are advised to inform themselves about and to observe any restrictions relating to the offering how does a stock dividend impact retained earnings best growth midcap etf the distribution of this prospectus. On August 20,Renewable acquired all of the then-outstanding units of membership interest of Energy 3, LLC not then already owned by Renewable, thereby making Energy 3, LLC a wholly-owned subsidiary of Is e trade a stock investment site best crude oil stocks to buy. Classification Number. Hirschman was paid a salary from Optex Systems Holdings as disclosed in the executive compensation table. The following summary highlights selected information from this prospectus and may not contain all the information that is important to you. We currently have only one employee, our sole office and director, Jonathan Hopp. The current regulatory climate for publicly reporting companies, even small and emerging growth companies such as ours, may make it difficult or prohibitively expensive to attract and retain qualified officers, directors and members of board committees required to provide for our effective management in compliance with the rules and regulations which govern publicly-held companies, including, but not limited to, certifications from executive officers and requirements for financial experts on boards of directors. To maintain and improve the effectiveness of our disclosure controls and procedures, we must commit significant resources, may be required to hire additional staff and need to continue to provide effective management oversight.
Consolidated Statements of Operations. Since our formation on July 29, , we have issued and sold the following securities without registration:. Coated Filters. Accordingly we have no track record of successful development activities, strategic decision making by management, fund-raising ability, and other factors that would allow an investor to assess the likelihood that we will be successful as a development stage company. Unexpected warranty and product liability claims could adversely affect our business and results of operations. We have never declared or paid any cash dividends on our common stock. Our property and equipment consists primarily of office and computer equipment and project assets and is recorded at historical cost. In addition, the Company operates within multiple taxing jurisdictions and is subject to audit in these jurisdictions. Accordingly, our Board of Directors is empowered, without stockholder approval, to issue preferred stock with dividend, liquidation, conversion, voting, or other rights, which could adversely affect the voting power or, other rights of the holders of the common stock. We renewed the lease on our 49, square foot, Richardson, Texas facility, effective as of December 10, , with a lease expiration of March 31, Our financial statements for the year ended December 31, and were prepared assuming that we will continue our operations as a going concern. The holders of common stock are entitled to receive ratably such dividends, if any, as may be declared by the board of directors out of legally available funds. Hawkins had previously served as our Vice President, Finance and Controller, since the date of the reorganization, March 30, and was the controller of Optex Systems, Inc. Beneficial ownership is determined in accordance with Securities and Exchange Commission rules. Longview and Alpha were owed certain debt by Irvine Sensors Corporation including debt evidenced by i a December 29, Term Loan and Security Agreement executed by Irvine Sensors Corporation and Longview and Alpha, and ii a series of secured promissory notes purchased by them and issued to them on December 29, , July 19, and November 28, We aim to compete with large utility companies by selling electricity to the individual commercial building customers at rates lower than those offered by such utilities.
Our office space has been provided by Mr. We are seeking to become a reporting issuer under the Securities Exchange Act ofas amended, because we believe that this will provide us with greater access to capital, that we will become better known, and be able to obtain financing more easily in the forex trading training in dallas divergence price action if investor interest in our business grows enough to sustain a secondary trading market in our securities. Uranium futures trading fxcm upgrades trading station platform average coinbase dashboard something went wrong buying on coinbase with credit card shares outstanding - Basic and Diluted. If we are not able to retain our key personnel or attract additional key personnel as required, we may not be able to implement our business plan and our results of operations could be materially and adversely affected. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Option alpha performance forex h4 trading system have no off-balance sheet arrangements including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or other benefits. Hire a consultant not Jonathan Hopp for sales and development of marketing programs and speaking engagements. Until such time we are successfully operating as a REIT, we will be dependent on our executive officers and dedicated personnel, and the departure of any of our key personnel could materially and adversely affect us. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in "Risk Factors" contained in this report. The majority of our heating systems sales are in the winter, and the majority of our chilling systems sales are in the summer.
Inventory, as mentioned above includes everything that is used to furnish a home. This prospectus contains forward-looking statements and information relating to Renewable. Federal legislation in the last decade has resulted in the adoption of various corporate governance measures designed to promote the integrity of the corporate management and the securities markets. Distributions to tax-exempt investors may be classified as unrelated business taxable income. Before being amended in March see footnote 7 immediately above , Mr. If any such application is not approved and our common stock ultimately is not listed on a national stock exchange or an automated quotation system, we intend to engage a market maker to apply for quotation on the OTC Electronic Bulletin Board. Thus, there is a potential conflict of interest in that our director and officer has the authority to determine issues concerning management compensation, nominations, and audit issues that may affect management decisions. We intend to retain any future earnings to finance the development and expansion of our business. We were incorporated on July 29, and to date, have been involved primarily in organizational activities and obtaining financing. Related parties The Company follows subtopic of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. We therefore anticipate that such projects may be undertaken on a selective basis if at all. The Directors and Officers currently serving our Company is as follows:. Member's capital contributed for the period. Our business and operations should be considered to be in an emerging stage and subject to all of the risks inherent in the operation of an emerging business venture. State or Other Jurisdiction of. Presently our inventory, all of which is owned by us, allows for 13 staged properties.
The term of the agreement shall be automatically extended for successive 18 month periods, unless we shall provide a written notice of termination at least ninety 90 days, or Mr. Broker-dealers who acquire shares of common stock as principal may thereafter resell the shares of common stock from time to time in transactions which may involve block transactions and sales to and through other broker-dealers, including transactions of the nature described above. For the Fiscal Year Ended December 31, We also manufacture and deliver numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Our common stock is not currently listed on any exchange or quotation system, and, accordingly, there is no established public trading market for our common stock. Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern, and, if we are unable to continue our business, our shares may have little or no value. It is likely that we will not be able to achieve profitability and might need to cease operations due to the lack of funding. Our articles of incorporation and bylaws authorize our company to provide indemnification to our directors and officers and persons who are or were serving at our request as a director, officer, manager or trustee of another corporation or of a partnership, limited liability company, joint venture, trust or other enterprise to the fullest extent permitted by Nevada law. On May 26, , the Board of Directors unanimously approved Direct Transfer, LLC to issue additional shares as required to facilitate requests to perform the round-up of the fractional shares on a beneficial holder level following FINRA's approval of the reverse stock split without further notification to or approvals. Determination of Offering Price. As of and after such time if ever that our common stock is listed or trading on an exchange or automated quotation system or quoted on the OTC Electronic Bulletin Board, the shares offered under this prospectus by the selling stockholders may be sold on the public market, in negotiated transactions with a broker-dealer or market maker as principal or agent or in privately negotiated transactions not involving a broker-dealer, and the prices at which the selling stockholders may sell the shares may be determined by the prevailing market price of the shares at the time of sale, may be different from such prevailing market price or may be determined through negotiated transactions with third parties. Delaware is considered to be the successor entity to Optex Systems, Inc. Under the terms of the employment arrangement, Mr.