v3.7.0.1
Note 12 Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Note 12    Subsequent Events

During the period July 1, 2017 through August 17, 2017 the Company sold 20,803,570 shares of restricted common stock for gross proceeds of $160,852 and net proceeds of $61,797. These shares will be issued  in the near future  as the authorized number of shares was increased to one billion  shares at the August 17, 2017 special  meeting. See Note 9 above relating to such increase. As discussed in Note 9,  the Company sold  an additional 33,143,250 restricted shares of common stock between January 1, 2017 and June 30, 2017. 

The AESF Offering

On July 26, 2017, AEFC filed a Regulation D offering Statement with the Securities and Exchange Commission in order to begin the sale of shares for investor participation in a newly formed Limited Liability Company Alternative Energy Solar Fund #1, LLC (AESF).  AESF is an Arizona LLC and the Fund has filed Blue Sky registration in Arizona, Nevada, California and Colorado and intends to file in several other states.

The Fund offers sophisticated investors the opportunity to participate in a strategic solar investment in the ownership of projects installed on commercial, industrial, residential, non-profit and governmental buildings and land portfolios to be developed or acquired for the Fund by the Solar Project Developer (AEFC) (the “Portfolio” as defined herein). The Solar Project Developer, AEFC, has identified several solar projects that it intends to place under contract for development which are intended to provide long term investment cash returns and significant short term tax benefits to tax equity investors.  These projects are currently available for transferring into the Fund. The Solar Project Developer has also solicited and found several projects that have become available from non-affiliated developers that would become investment candidates for the Fund.