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Asset Purchase Agreement
12 Months Ended
Dec. 31, 2017
Asset Purchase Agreement  
Asset Purchase Agreement

Note 8. Asset Purchase Agreement

 

On August 2, 2016, the Company executed an Asset Purchase Agreement (“APA”) with Profiles Tool and Engineering, Inc., an Arizona corporation that operated an engineering and custom machining facility in Mesa, AZ (“Profiles”). The total purchase price, including assumed liabilities, was $286,220 and is considered an asset acquisition as the assets assumed only support the Company’s existing assembly operations. With the purchase of this machine shop the Company is able to build parts directly and more efficiently.