|6 Months Ended|
Jun. 30, 2021
|Note 9. Subsequent events||
Note 9. Subsequent Events
During July 2021, the Company issued 15,772 shares of common stock in exchange for services.
On July 29, 2021, the Company issued 27,500,000 shares of common stock pursuant to a Securities Purchase Agreement with Camber for an aggregate purchase price of $11,000,000 (see Note 1)
On August 6, 2021, the Company acquired approximately 60.5% of the issued and outstanding shares of Simson-Maxwell Ltd. (“Simson”), a Canadian federal corporation, for a cash purchase price of approximately $8 million. Simson is a leading manufacturer and supplier of industrial engines, power generation products, services and custom energy solutions. Simson has seven branch locations and services over 4,000 maintenance contracts.
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