Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Principles (Tables)

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Summary of Significant Accounting Principles (Tables)
3 Months Ended
Mar. 31, 2017
Summary of Significant Accounting Principles [Abstract]  
Schedule of future lease receivable

  2017   $ 95,096  
  2018     31,030  
  2019     41,375  
  2020     41,375  
  2021     41,375  
  There after     57,925  
      $ 308,176  

 

Schedule of estimated useful lives of property, plant and equipment

Buildings: 15 - 30 years

Leasehold improvements: 7 years

Software: 3 - 6 years

Equipment: 5 years

Vehicles and prototypes: 3 - 5 years

Schedule of income taxes
 

Approximate net

operating loss 

($ millions)

   

Carryover to be used

against taxable income
generated through year

 
           
  3.6       2030  
  6.7       2031  
  3.9       2032  
  4.7       2033  
  6.1       2034  
  9.0       2035  
  18.7       2036  
  7.6       2037