Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Principles (Tables)

v3.7.0.1
Summary of Significant Accounting Principles (Tables)
6 Months Ended
Jun. 30, 2017
Summary of Significant Accounting Principles [Abstract]  
Schedule of future lease receivable
2017   $ 28,530  
2018   57,060  
2019   57,060  
2020   57,060  
2021   57,060  
Thereafter   37,141  
    $ 293,911  
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
16.4   2037