Acquisition of Cooltech Corp. |
6 Months Ended |
|---|---|
Jun. 30, 2019 | |
| Cooltech Corp. [Member] | |
| Acquisition |
NOTE 19. Acquisition of Cooltech Corp. On June 1, 2018, the Company exercised an option to acquire all of the outstanding stock of a Canadian shell company called Cooltech Corp. for $1.00. At the time of the acquisition, Cooltech Corp. had $21,000 in cash and $21,000 of accounts payable, plus entitlement to a pending claim in an intellectual property lawsuit. Subsequent to the acquisition, the company recognized a $1,277,000 gain on the pending claim. |