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Subsequent Events
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6 Months Ended |
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Jun. 30, 2011
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| Subsequent Events [Abstract] | |
| Note 19 - Subsequent Events |
The Company has evaluated subsequent events through August 19, 2011, the date that the financial statements were available to be issued.
In connection with the transactions contemplated by the Merger Agreement, and pursuant to Midwest Energy Emissions obligations under a Business Consulting Agreement dated March 18, 2011, subsequent to the quarter ended June 30, 2011, we issued 5,000,000 shares of our common stock to Eastern Sky, LLC as compensation for consulting services rendered in connection with the transaction.
Subsequent to the quarter ended June 30, 2011, we issued 2,008,365 shares of our common stock to The Lebrecht Group, APLC as compensation for legal services rendered in connection with the Merger Agreement. The shares were valued at $15,000.
Subsequent to the quarter ended June 30, 2011, $557,000 in cash was advanced to the Company by certain third party investors for working capital purposes. It is intended that the Company and the investors will enter into Convertible Promissory Notes during the quarter ending September 30, 2011. The Company recorded the transactions as advances payable that are non-interest bearing, have no fixed terms of repayment and are unsecured.
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