NOTE 14 SUBSEQUENT EVENT
Subsequent events were evaluated through the report date. On September 20, 2012 the Company entered into a common stock Stock Purchase Agreement, which was subsequently modified and clarified by a First Addendum to Stock Purchase Agreement entered into on January 4, 2013, whereby it agreed to issue 50,000,000 shares of restricted common stock at $0.01 per share to the members of First Power & Light, LLC for the sum of $50,000. Proceeds due the Company from the sale of stock under the Companys stock Stock Purchase Agreement total $50,000, and $37,522 was received prior to September 30, 2012 with the remaining $12,478 received subsequent to the year end. These restricted shares were issued on October 26, 2012, but are being held by the Company in escrow, subject to cancellation, pending the closing of the transactions contemplated by the letter of intent and Stock Purchase Agreement, and have not therefore been included in the issued and outstanding shares disclosed throughout this report.
No other material events came to our attention from the report date to the date these financial statements were issued.