0001213900-19-015820.txt : 20190814 0001213900-19-015820.hdr.sgml : 20190814 20190814162647 ACCESSION NUMBER: 0001213900-19-015820 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 44 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190814 DATE AS OF CHANGE: 20190814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED ENERGETICS, INC. CENTRAL INDEX KEY: 0000879911 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 770262908 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-14015 FILM NUMBER: 191026818 BUSINESS ADDRESS: STREET 1: 2480 W RUTHRAUFF ROAD, SUITE 140Q STREET 2: SUITE 140Q CITY: TUCSON STATE: AZ ZIP: 85705 BUSINESS PHONE: 520-628-7415 MAIL ADDRESS: STREET 1: 2480 W RUTHRAUFF ROAD, SUITE 140Q STREET 2: SUITE 140Q CITY: TUCSON STATE: AZ ZIP: 85705 FORMER COMPANY: FORMER CONFORMED NAME: IONATRON, INC. DATE OF NAME CHANGE: 20040429 FORMER COMPANY: FORMER CONFORMED NAME: US HOME & GARDEN INC DATE OF NAME CHANGE: 19950714 FORMER COMPANY: FORMER CONFORMED NAME: NATURAL EARTH TECHNOLOGIES INC DATE OF NAME CHANGE: 19930328 10-Q 1 f10q0619_appliedenergetics.htm QUARTERLY REPORT

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the quarterly period ended June 30, 2019

 

OR

 

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the transition period from __________ to __________

 

Commission File Number 001-14015

 

APPLIED ENERGETICS, INC.

 

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

77-0262908

(State or Other Jurisdiction of
Incorporation or Organization)
  (IRS Employer
Identification Number)

 

2480 W Ruthrauff Road, Suite 140 Q    
Tucson, Arizona   85705
(Address of Principal Executive Offices)   (Zip Code)

 

(520) 628-7415

Registrant’s telephone number, including area code

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer: ☐ Accelerated filer: ☐
Non-accelerated filer:   Smaller reporting company:
  Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange act. ☐

 

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ☒

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
 Common Stock, par value $0.001 per share   AERG   OTCQB

 

As of August 12, 2019, there were 204,197,396 shares of the issuer’s common stock, par value $.001 per share, outstanding.

 

 

 

 

 

 

APPLIED ENERGETICS, INC.

QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

 

PART I.  FINANCIAL INFORMATION  
   
ITEM 1. Condensed Consolidated Financial Statements  
     
  Condensed Consolidated Balance Sheets as of June 30, 2019 (Unaudited) and December 31, 2018 1
     
  Condensed Consolidated Statements of Operations for the three months ended June 30, 2019 and 2018 (Unaudited) 2
     
  Condensed Consolidated Statements of Operations for the six months ended June 30, 2019 and 2018 (Unaudited) 3
     
  Condensed Consolidated Statements of Shareholders’ Deficit for the six months ended June 30, 2019 and 2018 (Unaudited) 4
     
  Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2019 and 2018 (Unaudited) 5
     
  Notes to Condensed Consolidated Financial Statements 6
     
ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 14
     
ITEM 4. Controls and Procedures 19
     
PART II.  OTHER INFORMATION  
   
ITEM 1. Legal Proceedings 20
     
ITEM 6. Exhibits 22
     
SIGNATURES 23

 

i

 

 

PART I. FINANCIAL INFORMATION

 

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

APPLIED ENERGETICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

 

   June 30,
2019
   December 31,
2018
 
   (Unaudited)     
ASSETS        
Current assets        
Cash and cash equivalents  $100,144   $178,552 
Subscription receivable   -    60,000 
Other receivable   312    312 
Other assets   81,804    10,923 
Total current assets   182,260    249,787 
Long-term assets          
Property and equipment   32,406    38,887 
Other long-term assets   582,377    441,195 
Total long-term assets   614,783    480,082 
TOTAL ASSETS  $797,043   $729,869 
           
LIABILITIES AND STOCKHOLDERS’ (DEFICIT)          
Current liabilities          
Accounts payable  $612,828   $681,408 
Accrued compensation   6,978    384,833 
Accrued officer compensation   206,000    206,000 
Notes payable   1,227,315    - 
Due to related parties   50,000    50,000 
Accrued expenses   21    20 
Accrued dividends   48,079    48,079 
           
Total current liabilities   2,151,221    1,370,340 
           
Total liabilities   2,151,221    1,370,340 
           
Commitments and contingencies          
           
Stockholders’ (deficit)          
Series A Convertible Preferred Stock, $.001 par value, 2,000,000 shares authorized; 13,602 shares issued and outstanding at June 30, 2019 and at December 31, 2018   14    14 
Common stock, $.001 par value, 500,000,000 shares authorized; 204,197,396 and 201,697,396 shares issued and outstanding at June 30, 2019 and at December 31, 2018, respectively   204,197    201,697 
Additional paid-in capital   83,294,517    82,637,749 
Accumulated deficit   (84,852,906)   (83,479,931)
Total stockholders’ (deficit)   (1,354,178)   (640,471)
TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT)  $797,043   $729,869 

 

See accompanying notes to condensed consolidated financial statements (unaudited).

 

-1

 

 

APPLIED ENERGETICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 

   For the three months ended
June 30,
 
   2019   2018 
         
Operating expenses          
General and administrative  $610,446   $542,154 
Selling and marketing   53,999    - 
Research and development   95,890    22,341 
           
Total operating expenses   760,335    564,495 
           
Operating loss   (760,335)   (564,495)
           
Other (expense)          
Interest (expense)   (26,485)   (139,478)
Total other (expense)   (26,485)   (139,478)
           
Net loss   (786,820)   (703,973)
           
Preferred stock dividends   (8,501)   (8,501)
           
Net loss attributable to common stockholders  $(795,321)  $(712,474)
           
Net loss per common share – basic and diluted  $(0.01)  $(0.01)
           
Weighted average number of shares outstanding, basic and diluted   203,814,063    178,487,937 

 

See accompanying notes to condensed consolidated financial statements (unaudited).

 

-2

 

 

APPLIED ENERGETICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

 

   For the six months ended
June 30,
 
   2019   2018 
         
Operating expenses        
General and administrative  $1,067,165   $734,224 
Selling and marketing   106,333    - 
Research and development   168,550    49,491 
           
Total operating expenses   1,342,048    783,715 
           
Operating loss   (1,342,048)   (783,715)
           
Other income/(expense)          
Interest (expense)   (30,925)   (244,646)
Total other income   (30,925)   (244,646)
           
Net loss   (1,372,973)   (1,028,361)
           
Preferred stock dividends   (17,003)   (17,003)
           
Net loss attributable to common stockholders  $(1,389,976)  $(1,045,364)
           
Net loss per common share – basic and diluted  $(0.01)  $(0.01)
           
Weighted average number of shares outstanding, basic and diluted   204,006,788    170,449,507 

 

See accompanying notes to condensed consolidated financial statements (unaudited).

 

-3

 

 

APPLIED ENERGETICS, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

For the Six Months Ended June 30, 2019 and 2018

(Unaudited)

 

   Preferred Stock   Common Stock   Additional
Paid-in
   Accumulated   Total Stockholders’ 
   Shares   Amount   Shares   Amount   Capital   Deficit   Deficit 
Balance as of December 31, 2018   13,602   $14    201,697,396   $201,697   $82,637,749   $(83,479,931)  $(640,471)
Stock-based compensation expense   -    -    -    -    122,950    -    122,950 
Sale of common stock   -    -    2,500,000    2,500    147,500    -    150,000 
Net loss for the quarter ended March 31, 2019   -    -    -    -    -    (586,155)   (586,155)
Balance as of March 31, 2019   13,602   $14    204,197,396   $204,197   $82,908,199   $(84,066,086)  $(953,676)
                                    
Stock-based compensation expense   -    -    -    -    386,318    -    386,318 
Net loss for the quarter ended June 30, 2019   -    -    -    -    -    (786,820)   (786,820)
Balance as of June 30, 2019   13,602   $14    204,197,396   $204,197   $83,294,517   $(84,852,906)  $(1,354,178)
                                    
Balance as of December 31, 2017   13,602   $14    157,785,520   $157,785   $79,452,635   $(80,472,185)  $(861,751)
Stock-based compensation expense   -    -    -    -    20,955    -    20,955 
Shares issues for services   -    -    6,242,710    6,243    182,281    -    188,524 
To recognize BCF of loans in quarter   -    -    -    -    111,370    -    111,370 
Net loss for the quarter ended March 31, 2018   -    -    -    -    -    (324,388)  $(324,388)
Balance as of March 31, 2018   13,602   $14    164,028,230   $164,028   $79,767,241   $(80,796,573)  $(865,290)
                                    
Stock-based compensation expense   -    -    -    -    13,642    -    13,642 
Sale of common stock   -    -    27,166,666    27,167    1,602,833    -    1,630,000 
Net loss for the quarter ended June 30, 2018   -    -    -    -    -   $(703,973)   (703,973)
Balance as of June 30, 2018   13,602   $14    191,194,896   $191,195   $81,383,716   $(81,500,546)  $74,379 

 

See accompanying notes to consolidated financial statements.

 

-4

 

 

APPLIED ENERGETICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

   For the six months ended
June 30,
 
   2019   2018 
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss  $(1,372,974)  $(1,028,361)
Adjustments to reconcile net loss to net cash used in operating activities:          
Stock based compensation expense   509,268    34,596 
Loss on early payoff of note payable   -    174,412 
Shares issued for services   -    188,524 
Amortization of beneficial conversion feature   -    204,119 
Amortization of financing costs   -    22,721 
Depreciation   6,481    - 
Interest expense   30,925    17,806 
Changes in assets and liabilities:          
Other receivable   60,000    - 
Prepaids and deposits   (17,871)   (20,694)
Long term receivables - net   (141,182)   - 
Accounts payable   (75,200)   136,563 
Accrued expenses and compensation   (377,855)   (74,288)
Net cash used in operating activities   (1,378,408)   (344,602)
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of equipment   -    (4,905)
Net cash used in investing activities   -    (4,905)
           
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from notes payable net of discount   1,150,000    99,750 
Proceeds from issuance of common stock   150,000    1,510,000 
Repayment on notes payable   -    (349,688.00)
Net cash provided by financing activities   1,300,000    1,260,062 
           
Net increase (decrease) in cash and cash equivalents   (78,408)   910,555 
           
Cash and cash equivalents, beginning of period   178,552    2,764 
           
Cash and cash equivalents, end of period  $100,144   $913,319 
           
Supplemental Cash Flow Information          
Cash paid for interest  $1,320   $12,949 
Cash paid for taxes  $-   $- 

 

See accompanying notes to condensed consolidated financial statements (unaudited).

 

-5

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

1.BASIS OF PRESENTATION AND GOING CONCERN

 

The accompanying interim unaudited condensed consolidated financial statements include the accounts of Applied Energetics, Inc. and its wholly owned subsidiary North Star Power Engineering, Inc. as of June 30, 2019 (collectively, “company,” “Applied Energetics,” “we,” “our” or “us”). All intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented have been made. The results for the six-month period ended June 30, 2019, may not be indicative of the results for the entire year. The interim unaudited condensed consolidated financial statements should be read in conjunction with the company’s audited consolidated financial statements contained in our Annual Report on Form 10-K.

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of $1,378,000 and may incur additional future losses due to the reduction in Government contract activity. These matters raise substantial doubt as to the company’s ability to continue as a going concern.

 

The company’s existence is dependent upon management’s ability to develop profitable operations. Management is devoting substantially all of its efforts to developing its business and raising capital and there can be no assurance that the company’s efforts will be successful. No assurance can be given that management’s actions will result in profitable operations or the resolution of its liquidity problems. The accompanying consolidated financial statements do not include any adjustments that might result should the company be unable to continue as a going concern.

 

In order to improve the company’s liquidity, the company’s management is actively pursuing additional equity financing through discussions with investment bankers and private investors. There can be no assurance that the company will be successful in its effort to secure additional equity financing.

 

The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.

 

LIQUIDITY AND MANAGEMENT’S PLAN

 

The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of approximately $1,378,000, conducted financing activities yielding $1,150,000 in proceeds from notes payable and $150,000 in proceeds from issuance of common stock and expects to incur additional future losses due to the reactivation of its business activities. These matters raise substantial doubt as to the company’s ability to continue as a going concern unless the company is able to obtain additional financing for its continuing operations. The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.

 

As of June 30, 2019, the company had approximately $100,000 in cash and cash equivalents.

 

USE OF ESTIMATES

 

The preparation of consolidated financial statements in conformity with United States Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management bases its assumptions on historical experiences and on various other estimates that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. In addition, management considers the basis and methodology used in developing and selecting these estimates, the trends in and amounts of these estimates, specific matters affecting the amount of and changes in these estimates, and any other relevant matters related to these estimates, including significant issues concerning accounting principles and financial statement presentation. Such estimates and assumptions could change in the future, as more information becomes known which could materially impact the amounts reported and disclosed herein. Significant estimates include measurements of income tax assets and liabilities.

 

-6

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

RECENT ACCOUNTING PRONOUNCEMENTS

 

The company has reviewed issued accounting pronouncements and plans to adopt those that are applicable to it. The company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

 

2.SHARE-BASED COMPENSATION

 

Share-Based Compensation

 

For the six months ended June 30, 2019 and 2018, share-based compensation expense totaled approximately $509,000 and $35,000, respectively.

 

There was no related income tax benefit recognized because our deferred tax assets are fully offset by a valuation allowance.

 

We determine the fair value of option grant share-based awards at their grant date, using a Black-Scholes-Merton Option-Pricing Model applying the assumptions in the following table:

 

   Six months ended June 30,
   2019   2018
Expected life (years)  5.50-6.75   N/A
Dividend yield  -   N/A
Expected volatility   232%  N/A
Risk free interest rates   2.47%  N/A
Weighted average fair value of options at grant date  $0.35   N/A

 

For the six months ended June 30, 2019, 5,000,000 options to purchase stock were granted, , additionally, no options to purchase stock were exercised, expired or forfeited; no restricted stock units were granted, vested or forfeited; and no restricted stock awards were granted, vested or forfeited. At June 30, 2019, options to purchase 32,750,000 shares of common stock were outstanding with a weighted average exercise price of $0.141, a weighted average remaining contract term of approximately 6.6 years with an aggregate intrinsic value of $2,777,000. At June 30, 2019 options for 12,895,000 shares were exercisable.

 

As of June 30, 2019, there was approximately $1,807,000 of unrecognized compensation cost related to unvested stock options granted and outstanding, net of estimated forfeitures. The cost is expected to be recognized on a weighted average basis over a period of approximately one year.

 

During the six month ended June 30, 2019, the company received $1,150,000 in proceeds from the issuance of notes payable, $300,000 of which consisted of a loan from a stockholder, maturing in September 2019, with which the company also issued warrants to purchase 575,000 shares of the company’s common stock, par value $0.001 per share at an exercise price of $0.07 per share for two years from the date of issuance. The notes bear interest of 10% payable at maturity. On maturity date, the company may elect to convert $850,000 of the balance of principal and interest due into shares of common stock at the conversion price of $0.10 a share.

 

-7

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

3.NET LOSS PER SHARE

 

Basic net loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period before giving effect to stock options, stock warrants, restricted stock units and convertible securities outstanding, which are considered to be dilutive common stock equivalents. Diluted net loss per common share is calculated based on the weighted average number of common and potentially dilutive shares outstanding during the period after giving effect to convertible preferred stock, stock options, warrants and restricted stock units. Contingently issuable shares are included in the computation of basic loss per share when issuance of the shares is no longer contingent. Due to the losses from continuing operations for the six months ended June 30, 2019 and 2018, basic and diluted loss per common share were the same, as the effect of potentially dilutive securities would have been anti-dilutive.

 

Potentially dilutive securities not included in the diluted loss per share calculation, due to net losses from continuing operations, were as follows:

 

   Six months ended June 30, 
   2019   2018 
         
Options to purchase common shares   32,750,000    14,000,000 
Warrants to purchase common shares   950,000    - 
Convertible preferred stock   44,632    41,798 
           
Total potentially dilutive securities   33,744,632    14,041,798 

 

4.DIVIDENDS

 

Dividends on Preferred Stock are accrued when the amount and kind of dividend is determined and are payable quarterly on the first day of February, May, August and November, in cash or shares of common stock. The holders of shares of Series A Convertible Preferred Stock are entitled to receive dividends at the initial rate of 6.5% of the liquidation preference per share (the “Initial Dividend Rate”), payable, at the option of the corporation, in (i) cash, (ii) shares of our common stock (valued for such purpose at 95% of the weighted average of the last sales prices of our common stock for each of the trading days in the ten trading day period ending on the third trading day prior to the applicable dividend payment date) provided that the issuance and/or resale of all such shares of our common stock are then covered by an effective registration statement or (iii) any combination of the foregoing. If the company fails to pay dividends in the five business days following a dividend payment date (a “Payment Default”), the dividend rate shall immediately and automatically increase to 7.5% of the liquidation preference per share for as long as such Payment Default continues (or return to the Initial Dividend Rate at such time as such Payment Default no longer continues), and if a Payment Default shall occur on two consecutive Dividend Payment Dates, the dividend rate shall immediately and automatically increase to 10% of the Liquidation Preference for as long as such Payment Default continues and shall immediately and automatically return to the Initial Dividend Rate at such time as the Payment Default is no longer continuing.

 

As of June 30, 2019, we had 13,602 shares of our 6.5% Series A Convertible Preferred Stock outstanding. The company has not paid the dividends commencing with the quarterly dividend due August 1, 2013. Dividend arrearages as of June 30, 2019 was approximately $204,000. Our Board of Directors suspended the declaration of the dividend, commencing with the dividend payable as of February 1, 2015 since we did not have a surplus (as such term is defined in the Delaware General Corporation Law) as of December 31, 2014, until such time as we have a surplus or net profits for a fiscal year. Our Series A Preferred Stock has a liquidation preference of $25.00 per Share.

 

5.NOTES PAYABLE

 

During the six months ended June 30, 2019, the company received $1,150,000 from eight non-affiliated individuals based on 10% Promissory Notes (“Notes”). The Notes mature September 1, 2019. The Notes are accompanied by a Common Stock Purchase Warrant (a “Warrant”) entitling the holder to purchase one share of the company’s common stock, par value $0.001 per share (the “Common Shares”), for each $2.00 of Note principle, at an exercise price of $0.07 per share, for two years from the date of issuance.

 

-8

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

On September 15, 2017 the company borrowed $53,000 under a convertible note maturing June 20, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company’s $0.001 par value common stock after March 24, 2018 (the “Initial Conversion Date”). The conversion rate is variable and will be 58% of the average of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company’s then issued and outstanding common stock. The company at the request of the note holder has reserved 36,369,879 shares of its $0.001 common stock for conversion. The note can be prepaid at the company’s option until the Initial Conversion Date. The company issued the note holder warrants to purchase 1,320,598 shares of its $0.001 par value common stock at an exercise price of $0.0301, The Warrants are exercisable at any time over a 7-year period commencing on the date of issuance. The company calculated a beneficial conversion feature of $53,000 on this note against which approximately $53,000 has been amortized.

 

The above transaction of a note for $53,000 and attached warrants of 1,320,598 shares were put in place by previous management. On March 12, 2018, the company’s newly elected board of directors discussed its options concerning the above referenced loan and attached warrant and agreed that it would be in the best interest of the company and its shareholders to pay in full the $53,000 convertible note funded on October 18, 2017, and additionally repurchase the warrant. On March 16, 2018, the company paid in full the $53,000 convertible note and cancelled its associated warrant to purchase 1,320,598 shares of common stock in a negotiated transaction. This note carried special early stock conversion rights at a material discount to market, and was considered to be a dilutive derivative event that could harm the future abilities of the company to operate and raise money. The total cost to the company to pay off this $53,000 note before the conversion date was $81,000. Additionally, the company cancelled the above referenced attached warrant which allowed the loan holder to purchase 1,320,598 shares of common stock at a material discount to the market. This warrant was given to the noteholder by previous management as an incentive to make the above referenced loan. The cost to the company to cancel the warrant was $40,000. The total combined cost to the company to cancel the loan and warrant was $121,000. The payment was comprised of $56,000 principal and accrued interest, prepayment premium of $25,000 and $40,000 to buy back the warrant. The note was paid in full on March 16, 2018. The company borrowed the $121,000 used to pay off this loan before the conversion date, via an interest free loan from two directors of the company.

 

On January 8, 2018 the company borrowed $105,000 under a convertible note maturing August 28, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty-four percent (24%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company’s $0.001 par value common stock after April 27, 2018 (the “Initial Conversion Date”). The conversion rate is variable and will be 55% of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on any conversion is limited to 4.99% of the company’s then issued and outstanding common stock. The note holder may increase the 4,99% limit to 9.99% on 61 days prior notice to the company. The company, at the request of the note holder, has reserved 40 million shares of its $0.001 common stock for conversion. The note can be prepaid at the company’s option until May 29, 2018. The company also entered into a security agreement pledging substantially all of its assets except for those related to Laser Guided Energy as collateral for the note.

 

The above transaction of a note for $105,000 was put in place by previous management. On April 25, 2018, the company’s newly elected board of directors discussed its options concerning the above referenced convertible loan funded on January 08, 2017 in the amount of $105,000, the board agreed that it would be in the best interest of the company and its shareholders to pay in full the referenced note before its conversion date. The note carried special early stock conversion rights at a material discount to market, in addition it pledged virtually all the assets of the company as collateral. The company’s board of directors considered this to be a significant derivative event that was extremely dilutive to existing shareholders. Additionally, it was the opinion of the company’s board of directors that this loan harmed the future abilities of the company to operate as a going concern and would make it nearly impossible to raise money in the future. The cost to the company to pay off this $105,000 note before the conversion date was $163,000 The payment was executed as paid in full on April 27, 2018 and was comprised of $109,000 principal and accrued interest, and a prepayment premium of $54,000 for a total of $163,000.

 

-9

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

On March 8, 2018 the company borrowed $26,500 under a convertible note maturing December 15, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company’s $0.001 par value common stock after September 5, 2018 (the “Initial Conversion Date”). The conversion rate is variable and will be 51% of the average of the lowest one day trading price during the thirty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company’s then issued and outstanding Common Stock. The company at the request of the Note Holder has reserved 11,008,640 shares of its $0.001 common stock for conversion. The note can be prepaid at the company’s option until the Initial Conversion Date.

 

The above transaction of a note for $26,500 was put in place by previous management. On May 4, 2018 the company’s newly elected board of directors discussed its options concerning the above referenced convertible loan funded on December 27, 2017 in the amount of $26,500 and agreed that it would be in the best interest of the company and its shareholders to pay in full the referenced note which was put in place by previous management. This note carried special early stock conversion rights at a material discount to market and was considered by the company to be a dilutive derivative event that could harm the future abilities of the company to operate and raise money. The cost to the company to pay off this $26,500 note before the conversion date was $37,000. The payment was comprised of $27,000 principal and accrued interest, and prepayment premium of $10,000. The note was paid in full on May 18, 2018.

 

The following reconciles notes payable as of June 30, 2019 and December 31, 2018:

 

   June 30,
2019
   December 31,
2018
 
Convertible notes payable  $-   $(98,903)
Notes payable   1,150,000    - 
Accrued interest   22,986    (13,250)
Financing costs   -    (3,317)
Transfer from prepaid   54,329      
Amortization of financing costs   -    22,721 
Beneficial conversion feature   -    (111,370)
Amortization of beneficial conversion feature   -    204,119 
           
   $1,227,315   $- 

 

6.DUE TO RELATED PARTIES

 

It has come to the board’s attention that on July 31, 2018, our now deceased CEO deposited $50,000 into the company’s account. Although it has been suggested that the funds may have been intended for use toward Mr. Dearmin’s healthcare, the board does not know for certain what the purpose of the funds were or the nature of any intended investment. Accordingly, the board is investigating the appropriate disposition of the funds which will likely be to the estate of Mr. Dearmin. Until such a determination is made, the board does not intend to use these funds for any corporate purpose. For reporting purposes, the company has treated the deposit as a due to related party.

 

7.SHAREHOLDERS DEFICIT

 

During January 2019, the company received $150,000 from three individuals based on subscription agreements with the company for which the company issued 2,500,000 shares of its common stock.

 

-10

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

On January 24, 2018, we issued 1,242,710 shares of common stock in settlement of invoices valued at $38,524 with a vendor. This transaction was consummated by previous management to pay its attorney fees.

 

On December 4, 2017 previous management entered into a financial services agreement with BMA Securities for which, on January 26, 2018, it issued 5,000,000 shares of stock valued at $150,000.

 

8.LEGAL PROCEEDINGS

 

As previously reported in our Current Report on Form 8-K filed on July 9, 2018, on July 3, 2018, we commenced a lawsuit in the Court of Chancery of the State of Delaware against the company’s former director and principal executive officer George Farley and AnneMarieCo LLC (“AMC”).

 

The lawsuit alleges to the following six causes of action:

 

1.Breach of Fiduciary Duty of Loyalty against George Farley
2.Breach of Fiduciary Duty of Care against George Farley
3.Aiding and Abetting Breach of Fiduciary Duty against AMC
4.Conversion against George Farley
5.Fraudulent Transfer against George Farley and AMC
6.Injunctive Relief against George Farley and AMC

 

This report provides an update on the progress of the litigation.

 

In connection with the lawsuit, the company requested a temporary restraining order prohibiting Mr. Farley and AMC from selling their 25 million shares of the company’s common stock which the company alleges were improperly issued. On July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a “status quo” order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company’s motion for a preliminary injunction.

 

On July 26, 2018, the Delaware Court of Chancery entered a scheduling order setting dates and deadlines for, among other matters, a hearing and briefing schedule on the amount of the bond the company would be required to post to maintain the “status quo” order through the preliminary injunction hearing, a hearing and briefing schedule on the motion for a preliminary injunction, and a discovery schedule.

 

Also, in connection with the lawsuit, on August 8, 2018, the company filed a motion to disqualify Mr. Farley’s attorney, Ryan Whalen, who had previously represented the company.

 

On August 14, 2018, the Delaware Court of Chancery issued an order requiring the company to post a bond in the total amount of $200,446.52. On August 21, 2018, the company posted the bond via Atlantic Specialty Insurance company acting as surety. Pursuant to the contract between the company and Atlantic Specialty Insurance company, the company deposited $200,446.52 in cash as collateral for the surety agreement.

 

On August 23, 2018, the Delaware Court of Chancery court extended the hearing date on the company’s motion for a preliminary injunction to October 23, 2018, and simultaneously ordered an increase in the bond amount of $55,446.52. On August 30, 2018, the company posted the increased bond amount, again with Atlantic Specialty Insurance Company acting as surety, and deposited the additional $55,446.52 in cash with the surety.

 

On September 7, 2018, the Delaware Court of Chancery entered an order setting a briefing schedule on the company’s motion to disqualify Mr. Whalen.

 

On September 10, 2018, the Delaware Court of Chancery entered an order governing the production and exchange of confidential documents and information among the parties in discovery.

 

-11

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

In another Current Report on Form 8-K filed September 13, 2018, the company updated the status of the litigation to include events that occurred up to that date. This report further updates the progress of the litigation.

 

On October 16, 2018, the Delaware Court of Chancery entered a scheduling order continuing the hearing date on the company’s motion for a preliminary injunction against defendants George Farley and AMC to December 14, 2018.

 

The October 16, 2018 order also required the company to increase its bond amount by an additional $185,301.86 ($80,301.86 for AMC and $105,000.00 for Mr. Farley) to account for the continued hearing date. On October 24, 2018, the company posted the additional bond amount of $185,301.86.

 

On October 16, 2018, the Delaware Court of Chancery issued an order denying the company’s motion to disqualify Mr. Whalen.

 

On January 23, 2019, the Delaware Court of Chancery issued a Memorandum Opinion, granting a preliminary injunction prohibiting Mr. Farley and AMC from selling their 25 million shares of the company’s common stock, which the company alleges were improperly issued. On January 24, 2019, the Delaware Court of Chancery issued a revised Memorandum Opinion correcting calculations regarding the increased bond amount.

 

In granting the preliminary injunction, the Court found that the company met “its considerable burden” of demonstrating it was likely to win its lawsuit against Mr. Farley and AMC. Specifically, the Court found it was “reasonably probable” Mr. Farley had unlawfully issued the 25 million shares without proper authorization, Mr. Farley had breached his duty of loyalty to the company, Mr. Farley was unlikely to prove the stock issuance was procedurally or substantively “fair” to the company, and Mr. Farley had fraudulently transferred 20 million of the shares to AMC. Finally, the Court ruled because Farley and AMC’s 25 million shares represented one eighth of the company’s outstanding ownership, the injunction was necessary to protect the company’s capital structure, ability to attract new investors, ability to raise new capital and continue deployment of its plans now underway to revitalize its business.

 

The company had previously requested the temporary restraining order on July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a “status quo” order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company’s motion for the preliminary injunction.

 

In its Memorandum Opinion, the Court also required that the company post additional bond money, bringing the total cash collateral for the surety agreement to $582,377.26. The company posted the additional bond amount, and deposited the additional cash amount with the surety, on January 29, 2019.

 

On March 4, 2019, the company filed an amended complaint adding claims against Mr. Farley concerning loans Mr. Farley caused the company take from PowerUp Lending Group Ltd. and Auctus Fund LLC from September 2017 through March 2018. Mr. Farley responded to the amended complaint by filing a motion to dismiss the lawsuit based on Delaware Court of Chancery Rules 12(b)(3) and 12(b)(7). On June 28, 2019, the Delaware Chancery Court denied this motion.

 

On June 7, 2019, the company filed a motion to reduce or eliminate the cash bond requirement. As previously reported, the cash bond was required by the Delaware Chancery Court. The defendants’ response to this motion is due on August 16, 2019.

 

On July 19, 2019, Mr. Farley and AMC filed answers and amended counter claims in response to the Company’s amended complaint. The amended counter claims add claims under Delaware General Corporate Law section 205, seeking to validate the stock issuances at issue in the litigation.

 

On July 29, 2019, the Delaware Chancery Court entered a scheduling order which, among other deadlines, rescheduled the trial date to begin on January 21, 2020.

 

In a related matter, on February 8, 2019, the company filed a complaint against Stein Riso Mantel McDonough, LLP (“Stein Riso”), its former counsel, in the United States District Court for the Southern District of New York alleging the following:

 

1.breach of fiduciary duty;
2.legal malpractice;
3.aiding and abetting a breach of fiduciary duty;
4.voidance of fees under New York Rules of Professional Conduct 1.8;
5.violation of New York Rule of Professional Conduct 1.5;
6.securities fraud;
7.breach of contract; and
8.unjust enrichment.

 

-12

 

 

APPLIED ENERGETICS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2019

(Unaudited)

 

The complaint against Stein Riso followed the issuance, on January 23, 2019, of a Memorandum Opinion granting the company’s motion for a preliminary injunction by the Delaware Court of Chancery in the case against George Farley and AMC. Stein Riso has responded to the complaint by filing a motion to dismiss the complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). The company amended its complaint in response. On July 31, 2019, Stein Riso responded to the company’s amended complaint by filing another motion to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6). The company’s response is due on August 13, 2019.

 

On July 3, 2019, Gusrae, Kaplan & Nusbaum and its partner, Ryan Whalen, counsel for defendants, George Farley and AnneMarie Co. LLC, in the litigation brought by the company and pending in Delaware, filed a claim in the District Court for the Southern District of New York against the company its directors, officers, attorneys and a consultant. The action alleges libel, securities fraud and related claims. The company believes that this suit lacks merit and intends to dispute these allegations.

 

Based on the discussion in the order granting its preliminary injunction (as previously reported) and the potential outcome of the case, on June 24, 2019, the company has filed a complaint in the Court of Common Pleas in the County of Beaufort, South Carolina, to prevent the sale of certain property located there (or in the alternative, to require payment of proceeds from any sale of the property into the registry of the court until a final decision is entered in the matter), in order to protect the company from having property disposed of.

 

On July 24, 2019 the Farley defendants and Annemarico, LLC filed an Answer to the South Carolina lawsuit in which they deny all allegations made against them. On that same date, they also filed a Motion to Dismiss the South Carolina case on numerous grounds. We are currently preparing a response to that Motion, and anticipate a hearing being held in the next sixty (60) days.

 

As with any litigation, the company cannot predict the outcome with certainty, but the company expects to provide further updates on the status of the litigation as circumstances warrant.

 

9.SUBSEQUENT EVENTS

 

In July and August 2019, the company received $550,000 from four non-affiliated individuals based on 10% Promissory Notes (“Notes”). The Notes mature September 1, 2019. The Notes are accompanied by a Common Stock Purchase Warrant entitling the holder to purchase one share of the company’s common stock, par value $0.001 per share, for each $2.00 of Note principle, at an exercise price of $0.07 per share, for two years from the date of issuance.

 

On July 10, 2019, the company closed the purchase of certain assets under an Asset Purchase Agreement, dated as of May 24, 2019, by and between the company and Applied Optical Sciences, Inc., an Arizona corporation which is majority owned by the holder of in excess of 10% of the company’s common stock.

 

The company’s management has evaluated subsequent events occurring after June 30, 2019, the date of our most recent balance sheet, through the date our financial statements were issued.

 

-13

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Our discussion and analysis of the financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements and the related disclosures included elsewhere herein and in Management’s Discussion and Analysis of Financial Condition and Results of Operations included as part of our Annual Report on Form 10-K for the year ended December 31, 2018.

 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

Certain statements in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of the securities laws. Forward-looking statements include all statements that do not relate solely to the historical or current facts and can be identified by the use of forward-looking words such as “may”, “believe”, “will”, “would”, “could”, “should”, “expect”, “project”, “anticipate”, “estimates”, “possible”, “plan”, “strategy”, “target”, “prospect” or “continue” and other similar terms and phrases. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition and may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause our actual results to differ materially from our expectations are described in Item 1A (Risk Factors) of our Annual Report on Form 10-K, for the year ended December 31, 2018. Although we believe that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. We do not assume any obligation to update these forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting such forward-looking statements.

 

Applied Energetics, Inc., (the “Company”) is a corporation organized and existing under the laws of the State of Delaware. Our executive office is located at 2480 W Ruthrauff Road, Suite 140 Q, Tucson, Arizona, 85705; (520) 628-7415. www.aergs.com

 

Applied Energetics, Inc., specializes in the development and manufacture of advanced high-performance lasers, high voltage electronics, advanced optical systems, and integrated guided energy systems for defense, aerospace, industrial, and scientific customers worldwide.

 

An Introductory Word from Dr. Gregory J. Quarles, our Chief Executive Officer:

 

I am excited about the position of Applied Energetics and our strategic roadmap for long-term corporate growth. During this past quarter we have completed our first acquisition, that of the assets of Applied Optical Sciences, and booked our first contract with a large government integrator of laser and optical systems.

 

Our team has developed a strategy centered around three key components; world-class personnel, the strength of our innovation capabilities and intellectual property portfolio, and strong growth in our addressable markets. The addition of Steve McCahon to our team to act as Chief Scientist brings over 30 years of Directed Energy talent to Applied Energetics and a tremendous reputation for developing IP and technology that has a track record of meeting and exceeding delivery requirements. Our portfolio of patents includes 25 current patents and another 11 that are protected under government secrecy orders. This IP portfolio covers a range of technologies spanning laser guided energy (LGE), laser-induced plasma channels, and ultra-short pulse lasers, all of which should contribute to developing solutions in growing addressable markets.

 

These multi-billion dollar markets include the directed energy defense sector (estimated 26% compound annual growth rate), the medical device market (estimated 4.5% compound annual growth rate) and the ultra-short pulse market servicing laser-based materials processing (estimated 24.7% compound annual growth rate). These market trends should allow our Applied Energetics team to develop dual-use technologies that could penetrate and capture market share as these markets expand and look for new and unique solutions for their laser requirements.

 

-14

 

 

Finally, I would like to thank our employees, customers, suppliers, the partners with which we cooperate and our shareholders for their support as we position Applied Energetics to grow and support the innovation in the manufacturing, device and defense sectors.

 

The Technology

 

Applied Energetics has developed, successfully demonstrated and holds all critical ownership rights to a dynamic Directed Energy technology called Laser Guided Energy (“LGE”) and its companion Laser Induced Plasma Channel (LIPC). LGE and LIPC are technologies that can be used in a new generation of high-tech weapons. Currently, there are two key types of Directed Energy Weapon (“DEW”) technologies, High Energy Lasers (“HEL”), and High-Power Microwave (“HPM”). Neither HEL or HPM are owned by a single entity. Now, there is a third DEW technology, LGE. Applied Energetics’ LGE and LIPC technologies are wholly owned by Applied Energetics, and are patent protected with our portfolio of 25 current patents and an additional 11 Government Sensitive Patent Applications (“GSPA”). The GSPA’s are held under secrecy orders of the US government and allow the company greatly extended protection rights.

 

Applied Energetics technology is vastly different than conventional directed energy weapons, i.e. HEL, and HPM. LGE uses Ultra-Short Pulse (USP) technology to combine the speed and precision of lasers with the overwhelming punch of high-voltage electricity. This advanced “man-made lightning” allows extremely high peak power and energy, with target and effects tenability, and is effective against a wide variety of potential targets. A key element of LGE is its novel ability to offer selectable and tunable properties that can help protect non-combatants and combat zone infrastructure.

 

As Applied Energetics plans for the future, our corporate strategic roadmap builds upon the significant value of the company’s key intellectual property, including LGE and LIPC, to offer our partners, co-developers and system integrators a variety of next-generation Ultra Short-Pulse and frequency-agile optical sources to address numerous challenges within the military, medical device, and advanced manufacturing market sectors.

 

General Corporate View, 2nd Quarter, 2019:

 

Last year was one of significant corporate transition and positive change for Applied Energetics. We effected these positive changes, as described in our Annual Report on Form 10-K for the year, which were important steps to re-constituting the company.

 

As we move through 2019, Applied Energetics’ board of directors and its executive management team have been actively laying the groundwork for accretive events going forward. More specifically, we expect 2019 to be a year of significant new opportunities involving the company’s advanced technology portfolio. This includes important work being done in the area of ultra-short pulse technologies. We also expect it to solidify the next generation of LGE technologies. We anticipate that these two areas will be the cornerstone of Applied Energetics’ future, and represent great promise and potentially significant opportunities for the company.

 

During the second quarter of 2019 the company furthered its business strategy in several ways. By Unanimous Written Consent dated as of April 18, 2019, the board of directors of Applied Energetics appointed Gregory Quarles to serve as its Chief Executive Officer and a member of the board of directors effective May 6, 2019.

 

Dr. Quarles will lead the company in its development of next generation advanced defense technologies based on ultra-short pulse and LGE technologies. Dr. Quarles is an experienced CEO, and Board Member, and renowned physicist with over 30 years of experience in driving cutting-edge laser, optics, and photonics technology development and operations within advanced industrial companies. Additionally, Dr. Quarles is a globally recognized leader for his strategic partnerships with the Department of Defense and his innovative work in the progression of global materials research, specifically developing new laser devices for a variety of military, medical, and industrial applications. With a deep understanding of every segment and technology area we currently address, Greg has the skills to understand the dynamics, importance and size of the many significant and rapidly evolving growth opportunities unique to Applied Energetics. We are fortunate to have such a high caliber individual as CEO of Applied Energetics.

 

-15

 

 

Additionally, effective April 29, 2019, Applied Energetics has established a Board of Advisors to work with its Board of Directors and key management personnel on specific areas of significance to the company. Applied Energetics appointed Christopher “Chris” Donaghey as its first member. Chris comes highly qualified and is familiar with Applied Energetics and its key technologies. We expect Chris to have significant input into the strategic direction of the company and provide assistance in building lasting relationships in our defense markets.

 

Mr. Donaghey currently serves as the senior vice president and head of corporate development for Scientific Applications International Corporation (“SAIC”), a $6.5 billion revenue defense and government agency technology integrator. As an executive of SAIC, Donaghey works closely with SAIC’s senior management to support the development and implementation of SAIC’s strategic plan with an emphasis on M&A to complement organic growth strategies and value creation.

  

Effective May 24, 2019, the company entered into a Consulting Agreement with SWM Consulting, LLC, whose principal is Stephen W. McCahon, a founder of Applied Energetics and a scientist who has collaborated with the company on its technology. Mr. McCahon is the owner of approximately 11.7% of our common stock as of April 1, 2019, based upon information contained in publicly available filings and, as such, is deemed an affiliate of the company.

 

The Consulting Agreement provides for Mr. McCahon’s continued service to the company through SWM Consulting, LLC for compensation consisting partly of cash of $180,000 for the first year and $250,000 during each of the second and third years of the term. In addition, the parties acknowledged that the company previously issued to Mr. McCahon, 20,000,000 shares of common stock, per the terms of a Consulting Agreement, dated as of February 23, 2016, and a Common Stock Subscription Agreement, dated as of February 24, 2016. The company believes it may have claims for the return or cancellation of some or all of these 20,000,000 shares and agreed to let the Consultant retain them in exchange for the company’s agreement to repurchase 5,000,000 of them at a price of $0.06 per shares, in alignment with recent equity offerings conducted by the company. The 5,000,000 share repurchase is to be completed within 30 days of completing an equity offering. 5,000,000 of the remaining 15,000,000 shares are subject to a lock-up and are to be released pro rata each month during the term of the agreement which may be accelerated in the event of termination other than for cause or a change in control. The agreement also calls for reimbursement of accountable expenses.

 

In exchange for such compensation, McCahon and SWM Consulting leads Applied Energetics’ scientific efforts including: leading the scientific team, developing new intellectual property, assisting with business development, transferring legacy knowledge to the new team, recruit and train talent, work with executives on corporate strategy, assist in budget development for R&D, meet with clients on technical concepts, attend conferences, and produce thought leadership for the company.

 

The term of the Consulting Agreement began on June 1 and extends for a period of 36 months thereafter. The agreement may be terminated by either party for “cause” as defined in the agreement. In the event the company terminates without cause, it must continue to pay the cash compensation for up to 24 months from the Effective Date (June 1, 2019) or three months from date of termination whichever is later.

 

Also effective May 24, 2019 and in connection with the entry into the Consulting Agreement described above, Applied Energetics, Inc. entered into an Asset Purchase Agreement with Applied Optical Sciences, Inc. (“AOS”), an Arizona corporation of which Stephen W. McCahon is the majority stockholder.

 

The Asset Purchase Agreement provides for purchase of specified assets from AOS, including principally intellectual property, contracts and equipment in exchange for consideration consisting of (i) cash in the amount of $2,500,000.00, payable in the form of a Promissory Note, secured by the assets, to be issued upon the Closing Date and (ii) warrants to purchase up to 2,500,000 shares of Applied Energetics’ common stock at an exercise price of $0.06 per share.

 

As of June 24, 2019, the Securities and Exchange Commission declared the Company’s Registration Statement on Form S-1, as amended, effective. The registration statement is to register shares on behalf of the stockholders listed therein, and the company will receive no proceeds from any sales made thereunder.

 

-16

 

 

Recent Events Following June 30, 2019

 

The purchase of the assets under the Asset Purchase Agreement with Applied Optical Sciences, Inc. closed on July 10, 2019, having been extended by mutual agreement of the parties. In connection with the closing, the company assumed three contracts from Applied Optical Sciences, two of which are with major defense contractors and one of which is a research agreement with a major research university. The research agreement and one of the agreements with a defense contractor have been novated and re-executed by the company and the contract party.

 

In summary, through our analysis of the market, and in discussions with potential clients and with our close corporate advisors, we have concluded that customers are becoming more receptive and interested in ultra-short pulse lasers and directed energy technologies. As a result of this, we are excited about the growth opportunities involving these applications and believe we are in the early stages of a potentially large directed energy technology growth curve.

 

Results of Operations

 

Comparison of Operations for the Three Months Ended June 30, 2019 and 2018:

 

   2019   2018 
         
General and administrative  $(610,446)   (542,154)
Selling and marketing   (53,999)   - 
Research and development   (95,890)   (22,341)
Interest (expense)   (26,485)   (139,478)
           
Net loss  $(786,820)  $(703,973)

 

General and Administrative

 

General and administrative expenses increased approximately $68,000 to $610,000 for the three months ended June 30, 2019 compared to $542,000 for the three months ended June 30, 2018 primarily due to the increase of professional expenses of $65,000, an increase in salaries and employee benefits of $56,000, an increase in supplies and insurance expense of $41,000, an increase in travel expense of $10,000 and an increase in depreciation expense of $3,000, partially offset by a decrease in loss on early payoff of debt in 2018 of $109,000.

 

Selling and Marketing

Selling and marketing expenses increased approximately $54,000 to $54,000 for the three months ended June 30, 2019 compared to $-0- for the three months ended June 30, 2018 primarily due to the continuation of business development activities through our Master Services Agreement with Westpark Advisors.

 

Research and Development

 

Research and development expenses increased approximately $74,000 to $96,000 for the three months ended June 30, 2019 compared to $22,000 for the three months ended June 30, 2018 primarily due to the continuation of research and development activities through our teaming agreement with Applied Optical Sciences, Inc.

 

Interest Expense

 

Interest expense decreased approximately $113,000 to $26,000 for the three months ended June 30, 2019 compared to $139,000 for the three months ended June 30, 2018 primarily due to a significant reduction in the amortization of the notes payable beneficial conversion factor.

 

-17

 

 

Net Loss

 

Our operations for the three months ended June 30, 2019 resulted in a net loss of approximately $787,000, an increase of approximately $83,000 compared to the $704,000 loss for the three months ended June 30, 2018 primarily due to an increase in professional fees, the increase in research and development costs, an increase in selling and marketing, an increase in supplies and insurance expense and a reduction in interest expense. 

 

Comparison of Operations for the Six Months Ended June 30, 2019 and 2018:

 

   2019   2018 
General and administrative  $(1,067,165)  $(734,224)
Selling and marketing   (106,333)   - 
Research and development   (168,550)   (49,491)
Interest (expense)   (30,925)   (244,646)
           
Net loss  $(1,372,973)  $(1,028,361)

 

General and Administrative

 

General and administrative expenses increased approximately $333,000 to $1,067,000 for the six months ended June 30, 2019 compared to $734,000 for the six months ended June 30, 2018 primarily due to the increase of professional expenses of $361,000, an increase in supplies and insurance expense of $59,000, an increase in salaries and employee benefits of $56,000, an increase in travel expense of $16,000, an increase in depreciation expense of $6,000, an increase in building expenses of $6,000, partially offset by a decrease in loss on early payoff of debt in 2018 of $174,000.

 

Selling and Marketing

Selling and marketing expenses increased approximately $106,000 to $106,000 for the six months ended June 30, 2019 compared to $-0- for the six months ended June 30, 2018 primarily due to the continuation of business development activities through our Master Services Agreement with Westpark Advisors.

 

Research and Development

 

Research and development expenses increased approximately $119,000 to $169,000 for the six months ended June 30, 2019 compared to $49,000 for the six months ended June 30, 2018 primarily due to the continuation of research and development activities through our teaming agreement with Applied Optical Sciences, Inc.

 

Interest Expense

 

Interest expense decreased approximately $214,000 to $31,000 for the six months ended June 30, 2019 compared to $245,000 for the six months ended June 30, 2018 primarily due to a significant reduction in the amortization of the notes payable beneficial conversion factor.

 

Net Loss

 

Our operations for the six months ended June 30, 2019 resulted in a net loss of approximately $1,373,000, an increase of approximately $345,000 compared to the $1,028,000 loss for the six months ended June 30, 2018 primarily due to an increase in professional fees, the increase in research and development costs, an increase in selling and marketing, an increase in supplies and insurance expense and a reduction in interest expense. 

 

Liquidity and Capital Resources

 

At June 30, 2019, we had approximately $100,000 of cash and cash equivalents, a decrease of approximately $78,000 from December 31, 2018. During the first six months of 2019, the net cash outflow from operating activities was approximately $1,378,000. This amount was comprised primarily of our net loss of $1,373,000, a decrease in accrued expenses and compensation of $378,000, an increase in other long term assets of $141,000, a decrease in accounts payable of $75,000 and an increase in prepaid expenses and deposits of $18,000, partially offset by noncash stock based compensation of $509,000, a decrease in other receivable of $60,000, interest expense of $31,000, and depreciation and amortization of $6,000. Financing activities reflected $1,150,000 in proceeds from notes payable, $300,000 of which consisted of a loan from a shareholder, and $150,000 in proceeds from issuance of common stock, resulting in net cash outflow of approximately $78,000. In July 2019, the company received $350,000 from three non-affiliated individuals based on 10% Promissory Notes (“Notes”). The Notes mature September 1, 2019. The Notes are accompanied by a Common Stock Purchase Warrant entitling the holder to purchase one share of the company’s common stock, par value $0.001 per share, for each $2.00 of Note principle, at an exercise price of $0.07 per share, for two years from the date of issuance.

 

-18

 

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six-months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of $1,378,000 and may incur additional future losses due to the reduction in Government contract activity. These matters raise substantial doubt as to the company’s ability to continue as a going concern.

 

The company’s existence is dependent upon management’s ability to develop profitable operations. Management is devoting substantially all of its efforts to developing its business and raising capital and there can be no assurance that the company’s efforts will be successful. No assurance can be given that management’s actions will result in profitable operations or the resolution of its liquidity problems. The accompanying consolidated financial statements do not include any adjustments that might result should the company be unable to continue as a going concern.

 

In order to improve the company’s liquidity, the company’s management is actively pursuing additional debt and equity financing through discussions with investment bankers and private investors. There can be no assurance that the company will be successful in its effort to secure additional debt and equity financing.

 

The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.

 

In their report accompanying our financial statements, our independent auditors stated that our financial statements for the year ended December 31, 2018 were prepared assuming that we would continue as a going concern, and that they have substantial doubt as to our ability to continue as a going concern. Our auditors’ have noted that our recurring losses from operations and need to raise additional capital to sustain operations raise substantial doubt about our ability to continue as a going concern.

 

Backlog of Orders

 

At August 13, 2019, we had a backlog (workload remaining on signed contracts) of $10,000, to be completed within the next twelve months.

 

ITEM 4. Controls and Procedures

 

Evaluation of Disclosure Controls and Procedures

 

Our management, with the participation of our Principal Executive Officer, evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2019. Based on that evaluation, our Principal Executive Officer has concluded that our disclosure controls and procedures as of June 30, 2019 are not effective to ensure that information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.

 

Changes in Internal Controls Over Financial Reporting

 

There was no change in our internal controls over financial reporting that occurred during the period covered by this report, which has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

 

-19

 

 

PART II – OTHER INFORMATION

 

Item 1. Legal Proceedings

 

As previously reported in our Current Report on Form 8-K filed on July 9, 2018, on July 3, 2018, we commenced a lawsuit in the Court of Chancery of the State of Delaware against the company’s former director and principal executive officer George Farley and AnneMarieCo LLC (“AMC”).

 

The lawsuit alleges to the following six causes of action:

 

1.Breach of Fiduciary Duty of Loyalty against George Farley
2.Breach of Fiduciary Duty of Care against George Farley
3.Aiding and Abetting Breach of Fiduciary Duty against AMC
4.Conversion against George Farley
5.Fraudulent Transfer against George Farley and AMC
6.Injunctive Relief against George Farley and AMC

 

This report provides an update on the progress of the litigation.

 

In connection with the lawsuit, the company requested a temporary restraining order prohibiting Mr. Farley and AMC from selling their 25 million shares of the company’s common stock which the company alleges were improperly issued. On July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a “status quo” order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company’s motion for a preliminary injunction.

 

On July 26, 2018, the Delaware Court of Chancery entered a scheduling order setting dates and deadlines for, among other matters, a hearing and briefing schedule on the amount of the bond the company would be required to post to maintain the “status quo” order through the preliminary injunction hearing, a hearing and briefing schedule on the motion for a preliminary injunction, and a discovery schedule.

 

Also, in connection with the lawsuit, on August 8, 2018, the company filed a motion to disqualify Mr. Farley’s attorney, Ryan Whalen, who had previously represented the company.

 

On August 14, 2018, the Delaware Court of Chancery issued an order requiring the company to post a bond in the total amount of $200,446.52. On August 21, 2018, the company posted the bond via Atlantic Specialty Insurance company acting as surety. Pursuant to the contract between the company and Atlantic Specialty Insurance company, the company deposited $200,446.52 in cash as collateral for the surety agreement.

 

On August 23, 2018, the Delaware Court of Chancery court extended the hearing date on the company’s motion for a preliminary injunction to October 23, 2018, and simultaneously ordered an increase in the bond amount of $55,446.52. On August 30, 2018, the company posted the increased bond amount, again with Atlantic Specialty Insurance Company acting as surety, and deposited the additional $55,446.52 in cash with the surety.

 

On September 7, 2018, the Delaware Court of Chancery entered an order setting a briefing schedule on the company’s motion to disqualify Mr. Whalen.

 

On September 10, 2018, the Delaware Court of Chancery entered an order governing the production and exchange of confidential documents and information among the parties in discovery.

 

In another Current Report on Form 8-K filed September 13, 2018, the company updated the status of the litigation to include events that occurred up to that date. This report further updates the progress of the litigation.

 

-20

 

 

On October 16, 2018, the Delaware Court of Chancery entered a scheduling order continuing the hearing date on the company’s motion for a preliminary injunction against defendants George Farley and AMC to December 14, 2018.

 

The October 16, 2018 order also required the company to increase its bond amount by an additional $185,301.86 ($80,301.86 for AMC and $105,000.00 for Mr. Farley) to account for the continued hearing date. On October 24, 2018, the company posted the additional bond amount of $185,301.86.

 

On October 16, 2018, the Delaware Court of Chancery issued an order denying the company’s motion to disqualify Mr. Whalen.

 

On January 23, 2019, the Delaware Court of Chancery issued a Memorandum Opinion, granting a preliminary injunction prohibiting Mr. Farley and AMC from selling their 25 million shares of the company’s common stock, which the company alleges were improperly issued. On January 24, 2019, the Delaware Court of Chancery issued a revised Memorandum Opinion correcting calculations regarding the increased bond amount.

 

In granting the preliminary injunction, the Court found that the company met “its considerable burden” of demonstrating it was likely to win its lawsuit against Mr. Farley and AMC. Specifically, the Court found it was “reasonably probable” Mr. Farley had unlawfully issued the 25 million shares without proper authorization, Mr. Farley had breached his duty of loyalty to the company, Mr. Farley was unlikely to prove the stock issuance was procedurally or substantively “fair” to the company, and Mr. Farley had fraudulently transferred 20 million of the shares to AMC. Finally, the Court ruled because Farley and AMC’s 25 million shares represented one eighth of the company’s outstanding ownership, the injunction was necessary to protect the company’s capital structure, ability to attract new investors, ability to raise new capital and continue deployment of its plans now underway to revitalize its business.

 

The company had previously requested the temporary restraining order on July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a “status quo” order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company’s motion for the preliminary injunction.

 

In its Memorandum Opinion, the Court also required that the company post additional bond money, bringing the total cash collateral for the surety agreement to $582,377.26. The company posted the additional bond amount, and deposited the additional cash amount with the surety, on January 29, 2019.

 

On March 4, 2019, the company filed an amended complaint adding claims against Mr. Farley concerning loans Mr. Farley caused the company take from PowerUp Lending Group Ltd. and Auctus Fund LLC from September 2017 through March 2018. Mr. Farley responded to the amended complaint by filing a motion to dismiss the lawsuit based on Delaware Court of Chancery Rules 12(b)(3) and 12(b)(7). The company’s opposition to this motion is due on or before May On June 28, 2019, the Delaware Chancery Court denied this motion.

 

On June 7, 2019, the company filed a motion to reduce or eliminate the cash bond requirement. As previously reported, the cash bond was required by the Delaware Chancery Court. The defendants’ response to this motion is due on August 16, 2019.

 

On July 19, 2019, Mr. Farley and AMC filed answers and amended counter claims in response to the Company’s amended complaint. The amended counter claims add claims under Delaware General Corporate Law section 205, seeking to validate the stock issuances at issue in the litigation.

 

On July 29, 2019, the Delaware Chancery Court entered a scheduling order which, among other deadlines, rescheduled the trial date to begin on January 21, 2020.

 

In a related matter, on February 8, 2019, the company filed a complaint against Stein Riso Mantel McDonough, LLP (“Stein Riso”), its former counsel, in the United States District Court for the Southern District of New York alleging the following:

 

1.breach of fiduciary duty;
2.legal malpractice;
3.aiding and abetting a breach of fiduciary duty;
4.voidance of fees under New York Rules of Professional Conduct 1.8;
5.violation of New York Rule of Professional Conduct 1.5;
6.securities fraud;
7.breach of contract; and
8.unjust enrichment.

 

The complaint against Stein Riso followed the issuance, on January 23, 2019, of a Memorandum Opinion granting the company’s motion for a preliminary injunction by the Delaware Court of Chancery in the case against George Farley and AMC. Stein Riso has responded to the complaint by filing a motion to dismiss the complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). The company intends to amended its complaint in response. On July 31, 2019, Stein Riso responded to the company’s amended complaint by filing another motion to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6). The company’s response is due on August 13, 2019.

 

-21

 

 

The company, Stein Riso, Mr. Farley and AnneMarieCo., LLC have participated in a mediation on June 4, 2019, in New York City but the parties have not reached any settlement to date.

 

On July 3, 2019, Gusrae, Kaplan & Nusbaum and its member, Ryan Whalen, counsel for defendants, George Farley and AnneMarie Co. LLC, in the litigation brought by the company and pending in Delaware, filed a claim in the District Court for the Southern District of New York against the company its directors, officers, attorneys and a consultant. The action alleges libel, securities fraud and related claims. The company believes that this suit lacks merit and intends to dispute these allegations.

 

Based on the discussion in the order granting its preliminary injunction (as previously reported) and the potential outcome of the case, on June 24, 2019, the company has filed a complaint in the Court of Common Pleas in the County of Beaufort, South Carolina, to prevent the sale of certain property located there (or in the alternative, to require payment of proceeds from any sale of the property into the registry of the court until a final decision is entered in the matter), in order to protect the company from having property disposed of.

 

On July 24, 2019 the Farley defendants and Annemarico, LLC filed an Answer to the South Carolina lawsuit in which they deny all allegations made against them. On that same date, they also filed a Motion to Dismiss the South Carolina case on numerous grounds. We are currently preparing a response to that Motion, and anticipate a hearing being held in the next sixty (60) days.

 

As with any litigation, the company cannot predict the outcome with certainty, but the company expects to provide further updates on the status of the litigation as circumstances warrant.

 

ITEM 6. EXHIBITS

 

EXHIBIT
NUMBER
  DESCRIPTION
31   Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Exchange Act Rule 13a-14(a).
32   Principal Executive Officer and Principal Financial Officer Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS   XBRL Instance Document
101.SCH   XBRL Schema Document
101.CAL   XBRL Calculation Linkbase Document
101.DEF   XBRL Definition Linkbase Document
101.LAB   XBRL Label Linkbase Document
101.PRE   XBRL Presentation Linkbase Document

 

-22

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

APPLIED ENERGETICS, INC.

 

By /s/ Gregory J Quarles  
  Gregory J Quarles    
  Chief Executive Officer  

 

Date: August 14, 2019

 

 

-23

EX-31 2 f10q0619ex31_applied.htm CERTIFICATION

EXHIBIT 31

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND

PRINCIPAL FINANCIAL OFFICER PURSUANT

TO EXCHANGE ACT RULE 13a-14(a)

 

I, Gregory J Quarles, the Chief Executive Officer of Applied Energetics, Inc., certify that:

 

1. I have reviewed this report on Form 10-Q of Applied Energetics Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

/s/ Gregory J Quarles  
Gregory J Quarles    
Chief Executive Officer  

 

Date: August 14, 2019

EX-32 3 f10q0619ex32_applied.htm CERTIFICATION

EXHIBIT 32

 

CERTIFICATION OF PRINCIPAL EXECUTIVE
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the filing by Applied Energetics, Inc. (the “company”) of its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2019 (the “Report”) I, Gregory J Quarles, Chief Executive Officer of the company, certify pursuant to 18 U.S.C. Section. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 that:

 

(i) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the company.

 

This certificate is being made for the exclusive purpose of compliance by the principal executive officer of Applied Energetics, Inc. with the requirements of Section 906 of the Sarbanes-Oxley Act of 2002, and may not be used for any other purposes. A signed original of this written statement required by Section 906 has been provided to Applied Energetics, Inc. and will be retained by Applied Energetics, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

 

/s/ Gregory J Quarles  
Gregory J Quarles    
Chief Executive Officer  

 

Date: August 14, 2019

EX-101.INS 4 aerg-20190630.xml XBRL INSTANCE FILE 0000879911 2019-01-01 2019-06-30 0000879911 2019-06-30 0000879911 2018-12-31 0000879911 2017-12-31 0000879911 2018-06-30 0000879911 us-gaap:PreferredStockMember 2018-12-31 0000879911 us-gaap:PreferredStockMember 2019-06-30 0000879911 us-gaap:PreferredStockMember 2017-12-31 0000879911 us-gaap:PreferredStockMember 2018-06-30 0000879911 us-gaap:CommonStockMember 2018-12-31 0000879911 us-gaap:CommonStockMember 2019-06-30 0000879911 us-gaap:CommonStockMember 2017-12-31 0000879911 us-gaap:CommonStockMember 2018-06-30 0000879911 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000879911 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0000879911 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000879911 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000879911 us-gaap:RetainedEarningsMember 2018-12-31 0000879911 us-gaap:RetainedEarningsMember 2019-06-30 0000879911 us-gaap:RetainedEarningsMember 2017-12-31 0000879911 us-gaap:RetainedEarningsMember 2018-06-30 0000879911 aerg:VendorMember 2018-01-24 0000879911 aerg:SubscriptionAgreementsMember 2019-01-31 0000879911 aerg:ConvertibleNotesPayable3Member aerg:NonAffiliatedMember 2019-06-30 0000879911 2018-01-01 2018-06-30 0000879911 2018-01-01 2018-12-31 0000879911 us-gaap:ConvertibleNotesPayableMember us-gaap:NoteWarrantMember 2017-09-14 2017-09-15 0000879911 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-06-30 0000879911 us-gaap:EmployeeStockOptionMember 2019-06-30 0000879911 us-gaap:ConvertibleNotesPayableMember 2017-09-15 0000879911 aerg:ConvertibleNotesPayable5Member 2018-01-08 0000879911 aerg:ConvertibleNotesPayable2Member 2018-03-08 0000879911 us-gaap:StockOptionMember 2019-01-01 2019-06-30 0000879911 us-gaap:WarrantMember 2019-01-01 2019-06-30 0000879911 us-gaap:ConvertiblePreferredStockMember 2019-01-01 2019-06-30 0000879911 us-gaap:StockOptionMember 2018-01-01 2018-06-30 0000879911 us-gaap:WarrantMember 2018-01-01 2018-06-30 0000879911 us-gaap:ConvertiblePreferredStockMember 2018-01-01 2018-06-30 0000879911 us-gaap:ConvertibleNotesPayableMember 2017-09-14 2017-09-15 0000879911 aerg:ConvertibleNotesPayable5Member 2018-01-07 2018-01-08 0000879911 aerg:ConvertibleNotesPayable2Member 2018-03-07 2018-03-08 0000879911 aerg:ConvertibleNotesPayable3Member aerg:NonAffiliatedMember 2019-01-01 2019-06-30 0000879911 us-gaap:ConvertibleNotesPayableMember aerg:HolderMember 2017-09-15 0000879911 us-gaap:ConvertibleNotesPayableMember us-gaap:NoteWarrantMember 2017-09-15 0000879911 aerg:ConvertibleNotesPayable5Member aerg:HolderMember 2018-01-08 0000879911 aerg:ConvertibleNotesPayable2Member aerg:HolderMember 2018-03-08 0000879911 us-gaap:ConvertibleNotesPayableMember aerg:HolderMember 2017-09-14 2017-09-15 0000879911 aerg:ConvertibleNotesPayable5Member aerg:HolderMember 2018-01-07 2018-01-08 0000879911 aerg:ConvertibleNotesPayable2Member aerg:HolderMember 2018-03-07 2018-03-08 0000879911 us-gaap:ConvertibleNotesPayableMember 2018-03-11 2018-03-12 0000879911 aerg:ConvertibleNotesPayable5Member 2018-04-23 2018-04-25 0000879911 aerg:ConvertibleNotesPayable2Member 2018-05-03 2018-05-04 0000879911 us-gaap:ConvertibleNotesPayableMember us-gaap:NoteWarrantMember 2018-03-11 2018-03-12 0000879911 2018-03-11 2018-03-12 0000879911 us-gaap:ConvertibleNotesPayableMember aerg:TwoDirectorsMember 2018-03-12 0000879911 srt:ChiefExecutiveOfficerMember 2018-07-30 2018-07-31 0000879911 aerg:MrFarleyAndAMCMember 2018-07-02 2018-07-03 0000879911 aerg:MrFarleyAndAMCMember 2019-01-22 2019-01-23 0000879911 2018-08-13 2018-08-14 0000879911 aerg:CollateralForTheSuretyAgreementMember 2018-08-20 2018-08-21 0000879911 2018-08-22 2018-08-23 0000879911 aerg:CollateralForTheSuretyAgreementMember aerg:AtlanticSpecialtyInsuranceCompanyMember 2018-08-29 2018-08-30 0000879911 aerg:AMCMember 2018-10-15 2018-10-16 0000879911 aerg:MrFarleyAndAMCMember 2018-10-15 2018-10-16 0000879911 aerg:MrFarleyMember 2018-10-15 2018-10-16 0000879911 2018-10-23 2018-10-24 0000879911 aerg:CollateralForTheSuretyAgreementMember 2019-01-28 2019-01-29 0000879911 aerg:MrFarleyAndAMCMember 2019-01-01 2019-06-30 0000879911 2019-08-12 0000879911 us-gaap:PreferredStockMember 2018-04-01 2018-06-30 0000879911 us-gaap:PreferredStockMember 2018-03-31 0000879911 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000879911 us-gaap:CommonStockMember 2019-03-31 0000879911 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0000879911 us-gaap:CommonStockMember 2018-03-31 0000879911 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000879911 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000879911 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000879911 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000879911 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000879911 us-gaap:RetainedEarningsMember 2019-03-31 0000879911 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000879911 us-gaap:RetainedEarningsMember 2018-03-31 0000879911 2018-04-01 2018-06-30 0000879911 2018-03-31 0000879911 us-gaap:PreferredStockMember 2019-03-31 0000879911 2019-01-01 2019-03-31 0000879911 2019-03-31 0000879911 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0000879911 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000879911 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000879911 2018-01-01 2018-03-31 0000879911 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000879911 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000879911 2019-04-01 2019-06-30 0000879911 aerg:InterimUnauditedCondensedConsolidatedFinancialStatementsMember 2019-01-01 2019-06-30 0000879911 aerg:InterimUnauditedCondensedConsolidatedFinancialStatementsMember 2019-06-30 0000879911 us-gaap:ConvertibleNotesPayableMember 2018-03-15 2018-03-16 0000879911 us-gaap:ConvertibleNotesPayableMember 2018-03-16 0000879911 aerg:FinancingServicesAgreementMember 2018-01-26 0000879911 srt:MinimumMember 2019-01-01 2019-06-30 0000879911 srt:MaximumMember 2019-01-01 2019-06-30 0000879911 aerg:ConvertibleNotesPayable4Member aerg:NonAffiliatedMember us-gaap:SubsequentEventMember 2019-07-31 0000879911 aerg:ConvertibleNotesPayable4Member aerg:NonAffiliatedMember us-gaap:SubsequentEventMember 2019-07-01 2019-07-31 0000879911 us-gaap:SubsequentEventMember 2019-07-10 0000879911 aerg:ConvertibleNotesPayable4Member aerg:NonAffiliatedMember us-gaap:SubsequentEventMember 2019-08-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure APPLIED ENERGETICS, INC. 0000879911 10-Q 2019-06-30 false --12-31 Yes Non-accelerated Filer Q2 2019 204197 201697 38524 150000 150000 0.001 0.001 0.001 0.001 204197396 201697396 1242710 2500000 5000000 111370 53000 -1378408 -344602 1378000 1150000 99750 1150000 1150000 150000 1510000 150000 5000000 0 0 0 32750000 0.141 P6Y7M6D 2777000 12895000 1807000 P1Y 2019-09-30 0.10 0.12 0.12 0.12 33744632 14041798 32750000 950000 44632 14000000 41798 0.065 0.075 0.10 204000 25.00 0.95 98903 1150000 53000 105000 26500 550000 550000 0.07 0.07 2018-06-20 2018-08-28 2018-12-15 2019-09-01 2019-09-01 Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty-four percent (24%) per annum from the due date thereof until the same is paid. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. 0.10 0.001 0.001 0.001 0.001 0.001 0.001 0.001 2018-03-24 2018-04-27 2018-09-05 The conversion rate is variable and will be 58% of the average of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company&#8217;s then issued and outstanding common stock. The conversion rate is variable and will be 55% of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on any conversion is limited to 4.99% of the company&#8217;s then issued and outstanding common stock. The note holder may increase the 4,99% limit to 9.99% on 61 days prior notice to the company. The company, at the request of the note holder, has reserved 40 million shares of its $0.001 common stock for conversion. The conversion rate is variable and will be 51% of the average of the lowest one day trading price during the thirty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company&#8217;s then issued and outstanding Common Stock. 36369879 40000000 11008640 1320598 0.07 0.0301 P7Y 53000 349688 53000 105000 26500 53000 1320598 1320598 81000 163000 37000 121000 25000 109000 27000 40000 56000 54000 10000 40000 121000 121000 1150000 22986 -13250 3317 22721 204119 50000 25000000 25000000 200446.52 200446.52 55446.52 55446.52 80301.86 185301.86 10500000 185301.86 582377.26 true false 575000 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>USE OF ESTIMATES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of consolidated financial statements in conformity with United States Generally Accepted Accounting Principles (&#8220;GAAP&#8221;) requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management bases its assumptions on historical experiences and on various other estimates that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. In addition, management considers the basis and methodology used in developing and selecting these estimates, the trends in and amounts of these estimates, specific matters affecting the amount of and changes in these estimates, and any other relevant matters related to these estimates, including significant issues concerning accounting principles and financial statement presentation. Such estimates and assumptions could change in the future, as more information becomes known which could materially impact the amounts reported and disclosed herein. Significant estimates include measurements of income tax assets and liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>RECENT ACCOUNTING PRONOUNCEMENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The company has reviewed issued accounting pronouncements and plans to adopt those that are applicable to it. The company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.</p> P5Y6M0D P6Y9M0D 2.32 0.0247 0.35 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"><td style="width: 0.5in; text-align: left"><b>3.</b></td><td style="text-align: justify"><b>NET LOSS PER SHARE</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Basic net loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period before giving effect to stock options, stock warrants, restricted stock units and convertible securities outstanding, which are considered to be dilutive common stock equivalents. Diluted net loss per common share is calculated based on the weighted average number of common and potentially dilutive shares outstanding during the period after giving effect to convertible preferred stock, stock options, warrants and restricted stock units. Contingently issuable shares are included in the computation of basic loss per share when issuance of the shares is no longer contingent. Due to the losses from continuing operations for the six months ended June 30, 2019 and 2018, basic and diluted loss per common share were the same, as the effect of potentially dilutive securities would have been anti-dilutive.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Potentially dilutive securities not included in the diluted loss per share calculation, due to net losses from continuing operations, were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="6" style="text-align: center; border-bottom: Black 1.5pt solid"><b>Six months ended June 30,</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>2019</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>2018</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td><td>&#160;</td> <td colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td> <td colspan="2">&#160;</td><td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Options to purchase common shares</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">32,750,000</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">14,000,000</td><td style="width: 1%; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrants to purchase common shares</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">950,000</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Convertible preferred stock</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: Black 1.5pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1.5pt solid; text-align: right">44,632</td><td style="padding-bottom: 1.5pt; text-align: left">&#160;</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: Black 1.5pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1.5pt solid; text-align: right">41,798</td><td style="padding-bottom: 1.5pt; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total potentially dilutive securities</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">&#160;</td><td style="border-bottom: Black 4pt double; text-align: right">33,744,632</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">&#160;</td><td style="border-bottom: Black 4pt double; text-align: right">14,041,798</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td></tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"><tr style="vertical-align: bottom"><td><b></b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="6" style="text-align: center; border-bottom: Black 1.5pt solid"><b>Six months ended June 30,</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>2019</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>2018</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td><td>&#160;</td> <td colspan="2">&#160;</td><td>&#160;</td><td>&#160;</td> <td colspan="2">&#160;</td><td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Options to purchase common shares</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">32,750,000</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">14,000,000</td><td style="width: 1%; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrants to purchase common shares</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">950,000</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Convertible preferred stock</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: Black 1.5pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1.5pt solid; text-align: right">44,632</td><td style="padding-bottom: 1.5pt; text-align: left">&#160;</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: Black 1.5pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1.5pt solid; text-align: right">41,798</td><td style="padding-bottom: 1.5pt; text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total potentially dilutive securities</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">&#160;</td><td style="border-bottom: Black 4pt double; text-align: right">33,744,632</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">&#160;</td><td style="border-bottom: Black 4pt double; text-align: right">14,041,798</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td></tr></table> 54329 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"><td style="width: 0.5in; text-align: left"><b>6.</b></td><td style="text-align: justify"><b>DUE TO RELATED PARTIES</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">It has come to the board&#8217;s attention that on July 31, 2018, our now deceased CEO deposited $50,000 into the company&#8217;s account. Although it has been suggested that the funds may have been intended for use toward Mr. Dearmin&#8217;s healthcare, the board does not know for certain what the purpose of the funds were or the nature of any intended investment. Accordingly, the board is investigating the appropriate disposition of the funds which will likely be to the estate of Mr. Dearmin. Until such a determination is made, the board does not intend to use these funds for any corporate purpose. For reporting purposes, the company has treated the deposit as a due to related party.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0"></td><td style="width: 0.5in; text-align: left"><b>7.</b></td><td style="text-align: justify"><b>SHAREHOLDERS DEFICIT</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During January 2019, the company received $150,000 from three individuals based on subscription agreements with the company for which the company issued 2,500,000 shares of its common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On January 24, 2018, we issued 1,242,710 shares of common stock in settlement of invoices valued at $38,524 with a vendor. This transaction was consummated by previous management to pay its attorney fees.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On December 4, 2017 previous management entered into a financial services agreement with BMA Securities for which, on January 26, 2018, it issued 5,000,000 shares of stock valued at $150,000.</p> false false Yes 001-14015 -1354178 -640471 14 14 14 14 201697 204197 157785 191195 82637749 83294517 79452635 81383716 -83479931 -84852906 -80472185 -81500546 14 204197 164028 82908199 79767241 -84066086 -80796573 -865290 14 -953676 13602 13602 13602 13602 201697396 204197396 157785520 191194896 13602 204197396 164028230 13602 122950 13642 13642 122950 20955 20955 386318 386318 2500 27167 147500 1602833 1630000 150000 2500000 27166666 -1372973 -1028361 -586155 -703973 -703973 -586155 -324388 -324388 -786820 -786820 1373000 6243 182281 188524 6242710 111370 111370 DE 100144 178552 2764 913319 100000 0.001 0.001 2000000 2000000 13602 13602 13602 13602 500000000 500000000 204197396 201697396 1067165 734224 542154 610446 106333 53999 168550 49491 22341 95890 1342048 783715 564495 760335 -1342048 -783715 -564495 -760335 30925 244646 139478 26485 -30925 -244646 -139478 -26485 17003 17003 8501 8501 -1389976 -1045364 -712474 -795321 -0.01 -0.01 -0.01 -0.01 204006788 170449507 178487937 203814063 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>June&#160;30, <br /> 2019</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>December&#160;31, <br /> 2018</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Convertible notes payable</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">(98,903</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Notes payable</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">1,150,000</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accrued interest</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">22,986</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">(13,250</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Financing costs</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">(3,317</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Transfer from prepaid</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">54,329</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amortization of financing costs</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">22,721</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Beneficial conversion feature</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">(111,370</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Amortization of beneficial conversion feature</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="text-align: left; border-bottom: Black 1.5pt solid">&#160;</td><td style="text-align: right; border-bottom: Black 1.5pt solid">-</td><td style="text-align: left; padding-bottom: 1.5pt">&#160;</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="text-align: left; border-bottom: Black 1.5pt solid">&#160;</td><td style="text-align: right; border-bottom: Black 1.5pt solid">204,119</td><td style="text-align: left; padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 4pt">&#160;</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">1,227,315</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">-</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td></tr></table> 163000 <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0"></td><td style="width: 0.5in; text-align: left"><b>1.</b></td><td style="text-align: justify"><b>BASIS OF PRESENTATION AND GOING CONCERN</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying interim unaudited condensed consolidated financial statements include the accounts of Applied Energetics, Inc. and its wholly owned subsidiary North Star Power Engineering, Inc. as of June 30, 2019 (collectively, "company," "Applied Energetics," "we," "our" or "us"). All intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented have been made. The results for the six-month period ended June 30, 2019, may not be indicative of the results for the entire year. The interim unaudited condensed consolidated financial statements should be read in conjunction with the company's audited consolidated financial statements contained in our Annual Report on Form 10-K.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of $1,378,000 and may incur additional future losses due to the reduction in Government contract activity. These matters raise substantial doubt as to the company's ability to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The company's existence is dependent upon management's ability to develop profitable operations. Management is devoting substantially all of its efforts to developing its business and raising capital and there can be no assurance that the company's efforts will be successful. No assurance can be given that management's actions will result in profitable operations or the resolution of its liquidity problems. The accompanying consolidated financial statements do not include any adjustments that might result should the company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In order to improve the company's liquidity, the company's management is actively pursuing additional equity financing through discussions with investment bankers and private investors. There can be no assurance that the company will be successful in its effort to secure additional equity financing.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>LIQUIDITY AND MANAGEMENT'S PLAN</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of approximately $1,378,000, conducted financing activities yielding $1,150,000 in proceeds from notes payable and $150,000 in proceeds from issuance of common stock and expects to incur additional future losses due to the reactivation of its business activities. These matters raise substantial doubt as to the company's ability to continue as a going concern unless the company is able to obtain additional financing for its continuing operations. The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 0.5in">As of June 30, 2019, the company had approximately $100,000 in cash and cash equivalents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>USE OF ESTIMATES</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of consolidated financial statements in conformity with United States Generally Accepted Accounting Principles ("GAAP") requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management bases its assumptions on historical experiences and on various other estimates that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. In addition, management considers the basis and methodology used in developing and selecting these estimates, the trends in and amounts of these estimates, specific matters affecting the amount of and changes in these estimates, and any other relevant matters related to these estimates, including significant issues concerning accounting principles and financial statement presentation. Such estimates and assumptions could change in the future, as more information becomes known which could materially impact the amounts reported and disclosed herein. Significant estimates include measurements of income tax assets and liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>RECENT ACCOUNTING PRONOUNCEMENTS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The company has reviewed issued accounting pronouncements and plans to adopt those that are applicable to it. The company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>LIQUIDITY AND MANAGEMENT'S PLAN</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of approximately $1,378,000, conducted financing activities yielding $1,150,000 in proceeds from notes payable and $150,000 in proceeds from issuance of common stock and expects to incur additional future losses due to the reactivation of its business activities. These matters raise substantial doubt as to the company's ability to continue as a going concern unless the company is able to obtain additional financing for its continuing operations. The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; margin-left: 0.5in">As of June 30, 2019, the company had approximately $100,000 in cash and cash equivalents.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="5" style="text-align: center; border-bottom: Black 1.5pt solid"><b>Six months ended June 30,</b></td></tr> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>2019</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td style="text-align: center; border-bottom: Black 1.5pt solid"><b>2018</b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expected life (years)</td><td>&#160;</td> <td colspan="2" style="text-align: right">5.50-6.75</td><td>&#160;</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Dividend yield</td><td>&#160;</td> <td colspan="2" style="text-align: right">-</td><td>&#160;</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: left">Expected volatility</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">232</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td> <td style="width: 9%; text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free interest rates</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">2.47</td><td style="text-align: left">%</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Weighted average fair value of options at grant date</td><td>&#160;</td> <td style="text-align: left">$</td><td style="text-align: right">0.35</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b></b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0"></td><td style="width: 0.5in; text-align: left"><b>4.</b></td><td style="text-align: justify"><b>DIVIDENDS</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividends on Preferred Stock are accrued when the amount and kind of dividend is determined and are payable quarterly on the first day of February, May, August and November, in cash or shares of common stock. The holders of shares of Series A Convertible Preferred Stock are entitled to receive dividends at the initial rate of 6.5% of the liquidation preference per share (the "Initial Dividend Rate"), payable, at the option of the corporation, in (i) cash, (ii) shares of our common stock (valued for such purpose at 95% of the weighted average of the last sales prices of our common stock for each of the trading days in the ten trading day period ending on the third trading day prior to the applicable dividend payment date) provided that the issuance and/or resale of all such shares of our common stock are then covered by an effective registration statement or (iii) any combination of the foregoing. If the company fails to pay dividends in the five business days following a dividend payment date (a "Payment Default"), the dividend rate shall immediately and automatically increase to 7.5% of the liquidation preference per share for as long as such Payment Default continues (or return to the Initial Dividend Rate at such time as such Payment Default no longer continues), and if a Payment Default shall occur on two consecutive Dividend Payment Dates, the dividend rate shall immediately and automatically increase to 10% of the Liquidation Preference for as long as such Payment Default continues and shall immediately and automatically return to the Initial Dividend Rate at such time as the Payment Default is no longer continuing.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of June 30, 2019, we had 13,602 shares of our 6.5% Series A Convertible Preferred Stock outstanding. The company has not paid the dividends commencing with the quarterly dividend due August 1, 2013. Dividend arrearages as of June 30, 2019 was approximately $204,000. Our Board of Directors suspended the declaration of the dividend, commencing with the dividend payable as of February 1, 2015 since we did not have a surplus (as such term is defined in the Delaware General Corporation Law) as of December 31, 2014, until such time as we have a surplus or net profits for a fiscal year. Our Series A Preferred Stock has a liquidation preference of $25.00 per Share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 31.5pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0"></td><td style="width: 0.5in; text-align: left"><b>8.</b></td><td style="text-align: justify"><b>LEGAL PROCEEDINGS</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As previously reported in our Current Report on Form 8-K filed on July 9, 2018, on July 3, 2018, we commenced a lawsuit in the Court of Chancery of the State of Delaware against the company's former director and principal executive officer George Farley and AnneMarieCo LLC ("AMC").</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The lawsuit alleges to the following six causes of action:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">1.</td><td style="text-align: justify">Breach of Fiduciary Duty of Loyalty against George Farley</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">2.</td><td style="text-align: justify">Breach of Fiduciary Duty of Care against George Farley</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">3.</td><td style="text-align: justify">Aiding and Abetting Breach of Fiduciary Duty against AMC</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">4.</td><td style="text-align: justify">Conversion against George Farley</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">5.</td><td style="text-align: justify">Fraudulent Transfer against George Farley and AMC</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">6.</td><td style="text-align: justify">Injunctive Relief against George Farley and AMC</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This report provides an update on the progress of the litigation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the lawsuit, the company requested a temporary restraining order prohibiting Mr. Farley and AMC from selling their 25 million shares of the company's common stock which the company alleges were improperly issued. On July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a "status quo" order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company's motion for a preliminary injunction.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 26, 2018, the Delaware Court of Chancery entered a scheduling order setting dates and deadlines for, among other matters, a hearing and briefing schedule on the amount of the bond the company would be required to post to maintain the "status quo" order through the preliminary injunction hearing, a hearing and briefing schedule on the motion for a preliminary injunction, and a discovery schedule.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Also, in connection with the lawsuit, on August 8, 2018, the company filed a motion to disqualify Mr. Farley's attorney, Ryan Whalen, who had previously represented the company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On August 14, 2018, the Delaware Court of Chancery issued an order requiring the company to post a bond in the total amount of $200,446.52. On August 21, 2018, the company posted the bond via Atlantic Specialty Insurance company acting as surety. Pursuant to the contract between the company and Atlantic Specialty Insurance company, the company deposited $200,446.52 in cash as collateral for the surety agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On August 23, 2018, the Delaware Court of Chancery court extended the hearing date on the company's motion for a preliminary injunction to October 23, 2018, and simultaneously ordered an increase in the bond amount of $55,446.52. On August 30, 2018, the company posted the increased bond amount, again with Atlantic Specialty Insurance Company acting as surety, and deposited the additional $55,446.52 in cash with the surety.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On September 7, 2018, the Delaware Court of Chancery entered an order setting a briefing schedule on the company's motion to disqualify Mr. Whalen.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On September 10, 2018, the Delaware Court of Chancery entered an order governing the production and exchange of confidential documents and information among the parties in discovery.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In another Current Report on Form 8-K filed September 13, 2018, the company updated the status of the litigation to include events that occurred up to that date. This report further updates the progress of the litigation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On October 16, 2018, the Delaware Court of Chancery entered a scheduling order continuing the hearing date on the company's motion for a preliminary injunction against defendants George Farley and AMC to December 14, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The October 16, 2018 order also required the company to increase its bond amount by an additional $185,301.86 ($80,301.86 for AMC and $105,000.00 for Mr. Farley) to account for the continued hearing date. On October 24, 2018, the company posted the additional bond amount of $185,301.86.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On October 16, 2018, the Delaware Court of Chancery issued an order denying the company's motion to disqualify Mr. Whalen.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On January 23, 2019, the Delaware Court of Chancery issued a Memorandum Opinion, granting a preliminary injunction prohibiting Mr. Farley and AMC from selling their 25 million shares of the company's common stock, which the company alleges were improperly issued. On January 24, 2019, the Delaware Court of Chancery issued a revised Memorandum Opinion correcting calculations regarding the increased bond amount.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In granting the preliminary injunction, the Court found that the company met "its considerable burden" of demonstrating it was likely to win its lawsuit against Mr. Farley and AMC. Specifically, the Court found it was "reasonably probable" Mr. Farley had unlawfully issued the 25 million shares without proper authorization, Mr. Farley had breached his duty of loyalty to the company, Mr. Farley was unlikely to prove the stock issuance was procedurally or substantively "fair" to the company, and Mr. Farley had fraudulently transferred 20 million of the shares to AMC. Finally, the Court ruled because Farley and AMC's 25 million shares represented one eighth of the company's outstanding ownership, the injunction was necessary to protect the company's capital structure, ability to attract new investors, ability to raise new capital and continue deployment of its plans now underway to revitalize its business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The company had previously requested the temporary restraining order on July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a "status quo" order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company's motion for the preliminary injunction.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In its Memorandum Opinion, the Court also required that the company post additional bond money, bringing the total cash collateral for the surety agreement to $582,377.26. The company posted the additional bond amount, and deposited the additional cash amount with the surety, on January 29, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 4, 2019, the company filed an amended complaint adding claims against Mr. Farley concerning loans Mr. Farley caused the company take from PowerUp Lending Group Ltd. and Auctus Fund LLC from September 2017 through March 2018. Mr. Farley responded to the amended complaint by filing a motion to dismiss the lawsuit based on Delaware Court of Chancery Rules 12(b)(3) and 12(b)(7). On June 28, 2019, the Delaware Chancery Court denied this motion.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On June 7, 2019, the company filed a motion to reduce or eliminate the cash bond requirement. As previously reported, the cash bond was required by the Delaware Chancery Court. The defendants' response to this motion is due on August 16, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 19, 2019, Mr. Farley and AMC filed answers and amended counter claims in response to the Company's amended complaint. The amended counter claims add claims under Delaware General Corporate Law section 205, seeking to validate the stock issuances at issue in the litigation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 29, 2019, the Delaware Chancery Court entered a scheduling order which, among other deadlines, rescheduled the trial date to begin on January 21, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In a related matter, on February 8, 2019, the company filed a complaint against Stein Riso Mantel McDonough, LLP ("Stein Riso"), its former counsel, in the United States District Court for the Southern District of New York alleging the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">1.</td><td style="text-align: justify">breach of fiduciary duty;</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">2.</td><td style="text-align: justify">legal malpractice;</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">3.</td><td style="text-align: justify">aiding and abetting a breach of fiduciary duty;</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">4.</td><td style="text-align: justify">voidance of fees under New York Rules of Professional Conduct 1.8;</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">5.</td><td style="text-align: justify">violation of New York Rule of Professional Conduct 1.5;</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">6.</td><td style="text-align: justify">securities fraud;</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">7.</td><td style="text-align: justify">breach of contract; and</td> </tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.5in"></td><td style="width: 0.25in; text-align: left">8.</td><td style="text-align: justify">unjust enrichment.</td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The complaint against Stein Riso followed the issuance, on January 23, 2019, of a Memorandum Opinion granting the company's motion for a preliminary injunction by the Delaware Court of Chancery in the case against George Farley and AMC. Stein Riso has responded to the complaint by filing a motion to dismiss the complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). The company amended its complaint in response. On July 31, 2019, Stein Riso responded to the company's amended complaint by filing another motion to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6). The company's response is due on August 13, 2019.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 3, 2019, Gusrae, Kaplan &#38; Nusbaum and its partner, Ryan Whalen, counsel for defendants, George Farley and AnneMarie Co. LLC, in the litigation brought by the company and pending in Delaware, filed a claim in the District Court for the Southern District of New York against the company its directors, officers, attorneys and a consultant. The action alleges libel, securities fraud and related claims. The company believes that this suit lacks merit and intends to dispute these allegations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based on the discussion in the order granting its preliminary injunction (as previously reported) and the potential outcome of the case, on June 24, 2019, the company has filed a complaint in the Court of Common Pleas in the County of Beaufort, South Carolina, to prevent the sale of certain property located there (or in the alternative, to require payment of proceeds from any sale of the property into the registry of the court until a final decision is entered in the matter), in order to protect the company from having property disposed of.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 24, 2019 the Farley defendants and Annemarico, LLC filed an Answer to the South Carolina lawsuit in which they deny all allegations made against them. On that same date, they also filed a Motion to Dismiss the South Carolina case on numerous grounds. We are currently preparing a response to that Motion, and anticipate a hearing being held in the next sixty (60) days.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As with any litigation, the company cannot predict the outcome with certainty, but the company expects to provide further updates on the status of the litigation as circumstances warrant.</p> In granting the preliminary injunction, the Court found that the company met "its considerable burden" of demonstrating it was likely to win its lawsuit against Mr. Farley and AMC. Specifically, the Court found it was "reasonably probable" Mr. Farley had unlawfully issued the 25 million shares without proper authorization, Mr. Farley had breached his duty of loyalty to the company, Mr. Farley was unlikely to prove the stock issuance was procedurally or substantively "fair" to the company, and Mr. Farley had fraudulently transferred 20 million of the shares to AMC. Finally, the Court ruled because Farley and AMC's 25 million shares represented one eighth of the company's outstanding ownership, the injunction was necessary to protect the company's capital structure, ability to attract new investors, ability to raise new capital and continue deployment of its plans now underway to revitalize its business. 797043 729869 -84852906 -83479931 83294517 82637749 14 14 2151221 1370340 2151221 1370340 48079 48079 21 20 50000 50000 1227315 206000 206000 6978 384833 612828 681408 797043 729869 614783 480082 582377 441195 32406 38887 182260 249787 81804 10923 312 312 60000 1320 12949 -78408 910555 1300000 1260062 -4905 4905 -377855 -74288 -75200 136563 141182 17871 20694 60000 30925 17806 6481 22721 204119 188524 174412 509268 34596 300000 850000 0.10 204197396 0 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"><td style="width: 0.5in; text-align: left"><b>9.</b></td><td style="text-align: justify"><b>SUBSEQUENT EVENTS</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 31.5pt">In July and August 2019, the company received $550,000 from four non-affiliated individuals based on 10% Promissory Notes (&#8220;<u>Notes</u>&#8221;). The Notes mature September 1, 2019. The Notes are accompanied by a Common Stock Purchase Warrant entitling the holder to purchase one share of the company&#8217;s common stock, par value $0.001 per share, for each $2.00 of Note principle, at an exercise price of $0.07 per share, for two years from the date of issuance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 31.5pt">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 10, 2019, the company closed the purchase of certain assets under an Asset Purchase Agreement, dated as of May 24, 2019, by and between the company and Applied Optical Sciences, Inc., an Arizona corporation which is majority owned by the holder of in excess of 10% of the company&#8217;s common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The company&#8217;s management has evaluated subsequent events occurring after June 30, 2019, the date of our most recent balance sheet, through the date our financial statements were issued. </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"><td style="width: 0.5in; text-align: left"><b>5.</b></td><td style="text-align: justify"><b>NOTES PAYABLE</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the six months ended June 30, 2019, the company received $1,150,000 from eight non-affiliated individuals based on 10% Promissory Notes (&#8220;Notes&#8221;). The Notes mature September 1, 2019. The Notes are accompanied by a Common Stock Purchase Warrant (a &#8220;Warrant&#8221;) entitling the holder to purchase one share of the company&#8217;s common stock, par value $0.001 per share (the &#8220;Common Shares&#8221;), for each $2.00 of Note principle, at an exercise price of $0.07 per share, for two years from the date of issuance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.4in">On September 15, 2017 the company borrowed $53,000 under a convertible note maturing June 20, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company&#8217;s $0.001 par value common stock after March 24, 2018 (the &#8220;Initial Conversion Date&#8221;). The conversion rate is variable and will be 58% of the average of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company&#8217;s then issued and outstanding common stock. The company at the request of the note holder has reserved 36,369,879 shares of its $0.001 common stock for conversion. The note can be prepaid at the company&#8217;s option until the Initial Conversion Date. The company issued the note holder warrants to purchase 1,320,598 shares of its $0.001 par value common stock at an exercise price of $0.0301, The Warrants are exercisable at any time over a 7-year period commencing on the date of issuance. The company calculated a beneficial conversion feature of $53,000 on this note against which approximately $53,000 has been amortized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The above transaction of a note for $53,000 and attached warrants of 1,320,598 shares were put in place by previous management. On March 12, 2018, the company&#8217;s newly elected board of directors discussed its options concerning the above referenced loan and attached warrant and agreed that it would be in the best interest of the company and its shareholders to pay in full the $53,000 convertible note funded on October 18, 2017, and additionally repurchase the warrant. On March 16, 2018, the company paid in full the $53,000 convertible note and cancelled its associated warrant to purchase 1,320,598 shares of common stock in a negotiated transaction. This note carried special early stock conversion rights at a material discount to market, and was considered to be a dilutive derivative event that could harm the future abilities of the company to operate and raise money. The total cost to the company to pay off this $53,000 note before the conversion date was $81,000. Additionally, the company cancelled the above referenced attached warrant which allowed the loan holder to purchase 1,320,598 shares of common stock at a material discount to the market. This warrant was given to the noteholder by previous management as an incentive to make the above referenced loan. The cost to the company to cancel the warrant was $40,000. The total combined cost to the company to cancel the loan and warrant was $121,000. The payment was comprised of $56,000 principal and accrued interest, prepayment premium of $25,000 and $40,000 to buy back the warrant. The note was paid in full on March 16, 2018. The company borrowed the $121,000 used to pay off this loan before the conversion date, via an interest free loan from two directors of the company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On January 8, 2018 the company borrowed $105,000 under a convertible note maturing August 28, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty-four percent (24%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company&#8217;s $0.001 par value common stock after April 27, 2018 (the &#8220;Initial Conversion Date&#8221;). The conversion rate is variable and will be 55% of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on any conversion is limited to 4.99% of the company&#8217;s then issued and outstanding common stock. The note holder may increase the 4,99% limit to 9.99% on 61 days prior notice to the company. The company, at the request of the note holder, has reserved 40 million shares of its $0.001 common stock for conversion. The note can be prepaid at the company&#8217;s option until May 29, 2018. The company also entered into a security agreement pledging substantially all of its assets except for those related to Laser Guided Energy as collateral for the note.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The above transaction of a note for $105,000 was put in place by previous management. On April 25, 2018, the company&#8217;s newly elected board of directors discussed its options concerning the above referenced convertible loan funded on January 08, 2017 in the amount of $105,000, the board agreed that it would be in the best interest of the company and its shareholders to pay in full the referenced note before its conversion date. The note carried special early stock conversion rights at a material discount to market, in addition it pledged virtually all the assets of the company as collateral. The company&#8217;s board of directors considered this to be a significant derivative event that was extremely dilutive to existing shareholders. Additionally, it was the opinion of the company&#8217;s board of directors that this loan harmed the future abilities of the company to operate as a going concern and would make it nearly impossible to raise money in the future. The cost to the company to pay off this $105,000 note before the conversion date was $163,000 The payment was executed as paid in full on April 27, 2018 and was comprised of $109,000 principal and accrued interest, and a prepayment premium of $54,000 for a total of $163,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On March 8, 2018 the company borrowed $26,500 under a convertible note maturing December 15, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company&#8217;s $0.001 par value common stock after September 5, 2018 (the &#8220;Initial Conversion Date&#8221;). The conversion rate is variable and will be 51% of the average of the lowest one day trading price during the thirty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company&#8217;s then issued and outstanding Common Stock. The company at the request of the Note Holder has reserved 11,008,640 shares of its $0.001 common stock for conversion. The note can be prepaid at the company&#8217;s option until the Initial Conversion Date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The above transaction of a note for $26,500 was put in place by previous management. On May 4, 2018 the company&#8217;s newly elected board of directors discussed its options concerning the above referenced convertible loan funded on December 27, 2017 in the amount of $26,500 and agreed that it would be in the best interest of the company and its shareholders to pay in full the referenced note which was put in place by previous management. This note carried special early stock conversion rights at a material discount to market and was considered by the company to be a dilutive derivative event that could harm the future abilities of the company to operate and raise money. The cost to the company to pay off this $26,500 note before the conversion date was $37,000. The payment was comprised of $27,000 principal and accrued interest, and prepayment premium of $10,000. The note was paid in full on May 18, 2018.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following reconciles notes payable as of June 30, 2019 and December 31, 2018:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>June&#160;30, <br /> 2019</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>December&#160;31, <br /> 2018</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Convertible notes payable</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">-</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">(98,903</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Notes payable</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">1,150,000</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accrued interest</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">22,986</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">(13,250</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Financing costs</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">(3,317</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Transfer from prepaid</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">54,329</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Amortization of financing costs</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">22,721</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Beneficial conversion feature</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">-</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">(111,370</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Amortization of beneficial conversion feature</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="text-align: left; border-bottom: Black 1.5pt solid">&#160;</td><td style="text-align: right; border-bottom: Black 1.5pt solid">-</td><td style="text-align: left; padding-bottom: 1.5pt">&#160;</td><td style="padding-bottom: 1.5pt">&#160;</td> <td style="text-align: left; border-bottom: Black 1.5pt solid">&#160;</td><td style="text-align: right; border-bottom: Black 1.5pt solid">204,119</td><td style="text-align: left; padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">&#160;</td><td style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 4pt">&#160;</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">1,227,315</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td><td style="padding-bottom: 4pt">&#160;</td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">-</td><td style="padding-bottom: 4pt; text-align: left">&#160;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify"><td style="width: 0.5in; text-align: left"><b>2.</b></td><td style="text-align: justify"><b>SHARE-BASED COMPENSATION</b></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><u>Share-Based Compensation</u></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the six months ended June 30, 2019 and 2018, share-based compensation expense totaled approximately $509,000 and $35,000, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.4in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">There was no related income tax benefit recognized because our deferred tax assets are fully offset by a valuation allowance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.4in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We determine the fair value of option grant share-based awards at their grant date, using a Black-Scholes-Merton Option-Pricing Model applying the assumptions in the following table:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="5" style="text-align: center; border-bottom: Black 1.5pt solid"><b>Six months ended June 30,</b></td></tr> <tr style="vertical-align: bottom"> <td><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><b>2019</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td><td style="padding-bottom: 1.5pt"><b>&#160;</b></td> <td style="text-align: center; border-bottom: Black 1.5pt solid"><b>2018</b></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expected life (years)</td><td>&#160;</td> <td colspan="2" style="text-align: right">5.50-6.75</td><td>&#160;</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Dividend yield</td><td>&#160;</td> <td colspan="2" style="text-align: right">-</td><td>&#160;</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%; text-align: left">Expected volatility</td><td style="width: 1%">&#160;</td> <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">232</td><td style="width: 1%; text-align: left">%</td><td style="width: 1%">&#160;</td> <td style="width: 9%; text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Risk free interest rates</td><td>&#160;</td> <td style="text-align: left">&#160;</td><td style="text-align: right">2.47</td><td style="text-align: left">%</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Weighted average fair value of options at grant date</td><td>&#160;</td> <td style="text-align: left">$</td><td style="text-align: right">0.35</td><td style="text-align: left">&#160;</td><td>&#160;</td> <td style="text-align: center">N/A</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 31.5pt">For the six months ended June 30, 2019, 5,000,000 options to purchase stock were granted, , additionally, no options to purchase stock were exercised, expired or forfeited; no restricted stock units were granted, vested or forfeited; and no restricted stock awards were granted, vested or forfeited. At June 30, 2019, options to purchase 32,750,000 shares of common stock were outstanding with a weighted average exercise price of $0.141, a weighted average remaining contract term of approximately 6.6 years with an aggregate intrinsic value of $2,777,000. At June 30, 2019 options for 12,895,000 shares were exercisable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 31.5pt">As of June 30, 2019, there was approximately $1,807,000 of unrecognized compensation cost related to unvested stock options granted and outstanding, net of estimated forfeitures. The cost is expected to be recognized on a weighted average basis over a period of approximately one year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.4in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 27pt">During the six month ended June 30, 2019, the company received $1,150,000 in proceeds from the issuance of notes payable, $300,000 of which consisted of a loan from a stockholder, maturing in September 2019, with which the company also issued warrants to purchase 575,000 shares of the company&#8217;s common stock, par value $0.001 per share at an exercise price of $0.07 per share for two years from the date of issuance. The notes bear interest of 10% payable at maturity. On maturity date, the company may elect to convert $850,000 of the balance of principal and interest due into shares of common stock at the conversion price of $0.10 a share.</p> EX-101.SCH 5 aerg-20190630.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statements of Stockholders' Deficit (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Basis of Presentation and Going Concern link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Share-Based Compensation link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Net Loss Per Share link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Dividends link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Notes Payable link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Due To Related Parties link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Shareholders Deficit link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Legal Proceedings link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Basis of Presentation and Going Concern (Policies) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Share-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Net Loss Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Notes Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Basis of Presentation and Going Concern (Details) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Share-Based Compensation (Details) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Share-Based Compensation (Details Textual) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Net Loss Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Dividends (Details) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Notes Payable (Details Textual) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Due To Related Parties (Details) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Shareholders Deficit (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Legal Proceedings (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 aerg-20190630_cal.xml XBRL CALCULATION FILE EX-101.DEF 7 aerg-20190630_def.xml XBRL DEFINITION FILE EX-101.LAB 8 aerg-20190630_lab.xml XBRL LABEL FILE Equity Components [Axis] Preferred Stock [Member] Common Stock [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Related Party Transaction [Axis] Vendor [Member] Type of Arrangement and Non-arrangement Transactions [Axis] Subscription Agreements [Member] Short-term Debt, Type [Axis] 10% Convertible Notes Due September 01, 2019 [Member] Non affiliated Individuals [Member] 12% Convertible Notes Due June 20, 2018 [Member] Sale of Stock [Axis] Note warrant [Member] Award Type [Axis] Employee Stock Option [Member] 12% Convertible Notes Due August 28, 2018 [Member] 12% Convertible Notes Due December 15, 2018 [Member] Antidilutive Securities Excluded From Computation Of Earnings Per Share By Antidilutive Securities [Axis] Options to Purchase Common Shares [Member] Warrants to Purchase Common Shares [Member] Convertible Preferred Stock [Member] Note holder [Member] Title of Individual [Axis] Two Directors [Member] CEO [Member] Mr. Farley and AMC [Member] Collateral For The Surety Agreement [Member] Atlantic Specialty Insurance Company [Member] AMC [Member] Mr. Farley [Member] Consolidated Entities [Axis] Interim unaudited condensed consolidated financial statements [Member] Financial Services Agreement [Member] Statistical Measurement [Axis] Minimum [Member] Maximum [Member] 10% Promissory Notes [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Amendment Flag Current Fiscal Year End Date Document Type Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Entity Reporting Status Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Shell Company Entity Ex Transition Period Entity Incorporation, State Country Code Entity Interactive Data Current Entity File Number Entity Common Stock, Shares Outstanding Statement of Financial Position [Abstract] ASSETS Current assets Cash and cash equivalents Subscription receivable Other receivable Other assets Total current assets Long-term assets Property and equipment Other long-term assets Total long-term assets TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' (DEFICIT) Current liabilities Accounts payable Accrued compensation Accrued officer compensation Notes payable Due to related parties Accrued expenses Accrued dividends Total current liabilities Total liabilities Commitments and contingencies Stockholders' (deficit) Series A Convertible Preferred Stock, $.001 par value, 2,000,000 shares authorized; 13,602 shares issued and outstanding at June 30, 2019 and at December 31, 2018 Common stock, $.001 par value, 500,000,000 shares authorized; 204,197,396 and 201,697,396 shares issued and outstanding at June 30, 2019 and at December 31, 2018, respectively Additional paid-in capital Accumulated deficit Total stockholders' (deficit) TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) Series A convertible preferred stock, par value (in dollars per Share) Series A convertible preferred stock, authorized Series A convertible preferred stock, issued Series A convertible preferred stock, outstanding Common stock, par value (in dollars per share) Common stock, authorized Common stock, issued Common stock, outstanding Income Statement [Abstract] Operating expenses General and administrative Selling and marketing Research and development Total operating expenses Operating loss Other (expense) Interest (expense) Total other (expense) Net loss Preferred stock dividends Net loss attributable to common stockholders Net loss per common share - basic and diluted Weighted average number of shares outstanding, basic and diluted Statement [Table] Statement [Line Items] Preferred Stock Common Stock Additional Paid-in Capital Accumulated Deficit Balance Balance (in shares) Stock-based compensaiton expense Sale of common stock Sale of common stock (in shares) Shares issues for services Shares issues for services (in shares) To recognize BCF of loans in quarter Balance Balance (in shares) Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net loss to net cash used in operating activities: Stock based compensation expense Loss on early payoff of note payable Shares issued for services Amortization of beneficial conversion feature Amortization of financing costs Depreciation Interest expense Changes in assets and liabilities: Other receivable Prepaids and deposits Long term receivables - net Accounts payable Accrued expenses and compensation Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of equipment Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from notes payable net of discount Proceeds from issuance of common stock Repayment on notes payable Net cash provided by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period Supplemental Cash Flow Information Cash paid for interest Cash paid for taxes Organization, Consolidation and Presentation of Financial Statements [Abstract] BASIS OF PRESENTATION AND GOING CONCERN Share-based Payment Arrangement [Abstract] SHARE-BASED COMPENSATION Earnings Per Share [Abstract] NET LOSS PER SHARE Dividends [Abstract] DIVIDENDS Notes Payable [Abstract] NOTES PAYABLE Related Party Transactions [Abstract] DUE TO RELATED PARTIES Stockholders' Equity Note [Abstract] SHAREHOLDERS DEFICIT Commitments and Contingencies Disclosure [Abstract] LEGAL PROCEEDINGS Subsequent Events [Abstract] SUBSEQUENT EVENTS LIQUIDITY AND MANAGEMENT’S PLAN USE OF ESTIMATES RECENT ACCOUNTING PRONOUNCEMENTS Schedule of share- based compensation Schedule of net loss per share Schedule of notes payable Basis of Presentation and Going Concern (Textual) Cash flows from operations Proceeds from note payable Repayment on note payable Expected life (years) Dividend yield Expected volatility Risk free interest rates Weighted average fair value of options at grant date Share-Based Compensation (Textual) Share-based compensation expense Share-based compensation, option awards, granted Options to purchase stock were forfeited Share-based compensation, options exercised Share-based compensation, options forfeited Share-based compensation, options expired Share-based compensation, options outstanding Share-based compensation, options outstanding, weighted average exercise price (in dollars per share) Share-based compensation, options outstanding, weighted average remaining contractual term Options outstanding aggregate intrinsic value Options exercisable (in shares) Unrecognized compensation costs related to unvested equity awards, net of estimated forfeitures Weighted average basis over period Proceeds from the issuance of notes payable Maturity date Interest rate Conversion price (in dollars per shares) Number of warrants issued Exercise price of warrants Consisted of loan amount Conversion of principal amount Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities [Axis] Total potentially dilutive securities Dividends (Textual) Initial dividend rate Increase in dividend rate on default of payment Increase in dividend rate on two consecutive default of payment Series A convertible preferred stock outstanding (in shares) Amount of arrears dividend Series A covertible preferred stock liquidation preference (in dollars per share) Percentage of weighted average of common stock sales price Percentage of increase in dividend rate Convertible notes payable Notes payable Accrued interest Financing costs Transfer from prepaid Amortization of financing costs Beneficial conversion feature Amortization of beneficial conversion feature Notes Payable (Textual) Debt face amount Excercise price Debt maturity date Debt interest rate (in percent) Description of interest rate terms Conversion price (in dollars per share) Convertible note, initial maturity date Description of conversion for convertible notes Number of shares reserved for conversion (in shares) Number of warrants purchase Issued of warrants or exercise price Issued of warrants or exercisable Debt issuance of amortized Convertible beneficial conversion feature Convertible beneficial conversion amortized Repayment of convertible notes Cancellation of warrant purchase Conversion and cancellation cost of notes and warrants Payment of principal and accrued interest Prepayment premium Borrowings for repayment of notes Total prepayment premium Collaborative Arrangement and Arrangement Other than Collaborative [Axis] Due To Related Parties (Textual) Borrowed Number of common stock issued Repayment of debt Shareholders Deficit (Textual) Number of common stock issued Common stock, value Legal Proceedings (Textual) Rent expense Future minimum lease payments due in less than a year Number of shares issued in transaction Cash deposited Additional cash deposited Description of preliminary injunction Common stock par value (in dollars per share) Excercise price (in shares) Ownership percentage Amount of accrued officer compensation. Represents addtional cash deposited. Represents Am Member. It represent for amortization of beneficial conversion factor. It represent for amortization of beneficial conversion factor. Amount of dividend rate increase if distribution not made within five business days following dividend payment date. Represents member of Atlantics Speciality insurance company. It represents number of shares cancellation of warrant purchase. It represent for class of warrant or right from which warrants or right exercisable. Represents member of collateral for the surety agreement. It represents value of conversion and cancellation cost of notes and warrants. It represents the number of shares reserved for conversion of stock. Written promise to pay a note which can be exchanged for a specified quantity of securities (typically common stock), at the option of the issuer or the holder. The information pertaining to convertible notes payable. Written promise to pay a note which can be exchanged for a specified quantity of securities (typically common stock), at the option of the issuer or the holder. Written promise to pay a note which can be exchanged for a specified quantity of securities (typically common stock), at the option of the issuer or the holder. It represent for convertible of number of warrants purchase. Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Represents financing agreement. The information pertaining to financial services agreement. Information related to holder of the shares and warrants. It represents value of loss on early payoff of note payable. Represents legal entity axis. Represents Mr. Farelt member. Represents non affiliate member. amount refers to other receivable. Valuation of dividends payable in shares, percent of the weighted average of common stock sales price on the last ten trading days ending on the third trading day prior to applicable dividend payment date. Series A convertible preferred stock, dividend rate increased, if company fails to pay dividends on two consecutive dividend payment dates. Series A Convertible Preferred Stock, increased dividend rate, if company fails to pay dividends within five days of dividend payment date. It represents the prepayment premium. The information pertaining to susbscription agreements. Represents subscription receivable. Amount refers to recognized BCF of loans in quarter. Information by title of individual or nature of relationship to individual or group of individuals. Represents vendor member. Total prepayment premium. Assets, Current Assets, Noncurrent Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Operating Expenses Operating Income (Loss) Interest Expense, Other Nonoperating Income (Expense) Dividends, Preferred Stock, Stock Net Income (Loss) Available to Common Stockholders, Basic Shares, Outstanding OtherReceivable Increase (Decrease) in Prepaid Expense and Other Assets Increase (Decrease) in Long-term Receivables, Current Increase (Decrease) in Accounts Payable Payments to Acquire Machinery and Equipment Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) Income Taxes Paid Notes Payable Payments of Debt Issuance Costs Amortization of Debt Issuance Costs Number of months from grant date over which 62,500 options will vest monthly (in Duration) [Default Label] EX-101.PRE 9 aerg-20190630_pre.xml XBRL PRESENTATION FILE XML 10 R1.htm IDEA: XBRL DOCUMENT v3.19.2
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2019
Aug. 12, 2019
Document And Entity Information    
Entity Registrant Name APPLIED ENERGETICS, INC.  
Entity Central Index Key 0000879911  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Type 10-Q  
Document Period End Date Jun. 30, 2019  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2019  
Entity Reporting Status Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Ex Transition Period false  
Entity Incorporation, State Country Code DE  
Entity Interactive Data Current Yes  
Entity File Number 001-14015  
Entity Common Stock, Shares Outstanding   204,197,396
XML 11 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 100,144 $ 178,552
Subscription receivable 60,000
Other receivable 312 312
Other assets 81,804 10,923
Total current assets 182,260 249,787
Long-term assets    
Property and equipment 32,406 38,887
Other long-term assets 582,377 441,195
Total long-term assets 614,783 480,082
TOTAL ASSETS 797,043 729,869
Current liabilities    
Accounts payable 612,828 681,408
Accrued compensation 6,978 384,833
Accrued officer compensation 206,000 206,000
Notes payable 1,227,315
Due to related parties 50,000 50,000
Accrued expenses 21 20
Accrued dividends 48,079 48,079
Total current liabilities 2,151,221 1,370,340
Total liabilities 2,151,221 1,370,340
Stockholders' (deficit)    
Series A Convertible Preferred Stock, $.001 par value, 2,000,000 shares authorized; 13,602 shares issued and outstanding at June 30, 2019 and at December 31, 2018 14 14
Common stock, $.001 par value, 500,000,000 shares authorized; 204,197,396 and 201,697,396 shares issued and outstanding at June 30, 2019 and at December 31, 2018, respectively 204,197 201,697
Additional paid-in capital 83,294,517 82,637,749
Accumulated deficit (84,852,906) (83,479,931)
Total stockholders' (deficit) (1,354,178) (640,471)
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) $ 797,043 $ 729,869
XML 12 R3.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2019
Dec. 31, 2018
Statement of Financial Position [Abstract]    
Series A convertible preferred stock, par value (in dollars per Share) $ 0.001 $ 0.001
Series A convertible preferred stock, authorized 2,000,000 2,000,000
Series A convertible preferred stock, issued 13,602 13,602
Series A convertible preferred stock, outstanding 13,602 13,602
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, authorized 500,000,000 500,000,000
Common stock, issued 204,197,396 201,697,396
Common stock, outstanding 204,197,396 201,697,396
XML 13 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating expenses        
General and administrative $ 610,446 $ 542,154 $ 1,067,165 $ 734,224
Selling and marketing 53,999 106,333
Research and development 95,890 22,341 168,550 49,491
Total operating expenses 760,335 564,495 1,342,048 783,715
Operating loss (760,335) (564,495) (1,342,048) (783,715)
Other (expense)        
Interest (expense) (26,485) (139,478) (30,925) (244,646)
Total other (expense) (26,485) (139,478) (30,925) (244,646)
Net loss (786,820) (703,973) (1,372,973) (1,028,361)
Preferred stock dividends (8,501) (8,501) (17,003) (17,003)
Net loss attributable to common stockholders $ (795,321) $ (712,474) $ (1,389,976) $ (1,045,364)
Net loss per common share - basic and diluted $ (0.01) $ (0.01) $ (0.01) $ (0.01)
Weighted average number of shares outstanding, basic and diluted 203,814,063 178,487,937 204,006,788 170,449,507
XML 14 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2017 $ 14 $ 157,785 $ 79,452,635 $ (80,472,185)  
Balance (in shares) at Dec. 31, 2017 13,602 157,785,520      
Stock-based compensaiton expense     20,955   $ 20,955
Shares issues for services   $ 6,243 182,281   188,524
Shares issues for services (in shares)   6,242,710      
To recognize BCF of loans in quarter     111,370   111,370
Net loss       (324,388) (324,388)
Balance at Mar. 31, 2018 $ 14 $ 164,028 79,767,241 (80,796,573) (865,290)
Balance (in shares) at Mar. 31, 2018 13,602 164,028,230      
Balance at Dec. 31, 2017 $ 14 $ 157,785 79,452,635 (80,472,185)  
Balance (in shares) at Dec. 31, 2017 13,602 157,785,520      
Net loss         (1,028,361)
Balance at Jun. 30, 2018 $ 14 $ 191,195 81,383,716 (81,500,546)  
Balance (in shares) at Jun. 30, 2018 13,602 191,194,896      
Balance at Mar. 31, 2018 $ 14 $ 164,028 79,767,241 (80,796,573) (865,290)
Balance (in shares) at Mar. 31, 2018 13,602 164,028,230      
Stock-based compensaiton expense 13,642 13,642
Sale of common stock $ 27,167 1,602,833 1,630,000
Sale of common stock (in shares) 27,166,666      
Net loss (703,973) (703,973)
Balance at Jun. 30, 2018 $ 14 $ 191,195 81,383,716 (81,500,546)  
Balance (in shares) at Jun. 30, 2018 13,602 191,194,896      
Balance at Dec. 31, 2018 $ 14 $ 201,697 82,637,749 (83,479,931) (640,471)
Balance (in shares) at Dec. 31, 2018 13,602 201,697,396      
Stock-based compensaiton expense     122,950   122,950
Sale of common stock   $ 2,500 147,500   150,000
Sale of common stock (in shares)   2,500,000      
Net loss       (586,155) (586,155)
Balance at Mar. 31, 2019 $ 14 $ 204,197 82,908,199 (84,066,086) (953,676)
Balance (in shares) at Mar. 31, 2019 13,602 204,197,396      
Balance at Dec. 31, 2018 $ 14 $ 201,697 82,637,749 (83,479,931) (640,471)
Balance (in shares) at Dec. 31, 2018 13,602 201,697,396      
Net loss         (1,372,973)
Balance at Jun. 30, 2019 $ 14 $ 204,197 83,294,517 (84,852,906) (1,354,178)
Balance (in shares) at Jun. 30, 2019 13,602 204,197,396      
Balance at Mar. 31, 2019 $ 14 $ 204,197 82,908,199 (84,066,086) (953,676)
Balance (in shares) at Mar. 31, 2019 13,602 204,197,396      
Stock-based compensaiton expense     386,318   386,318
Net loss       (786,820) (786,820)
Balance at Jun. 30, 2019 $ 14 $ 204,197 $ 83,294,517 $ (84,852,906) $ (1,354,178)
Balance (in shares) at Jun. 30, 2019 13,602 204,197,396      
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,372,973) $ (1,028,361)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation expense 509,268 34,596
Loss on early payoff of note payable 174,412
Shares issued for services 188,524
Amortization of beneficial conversion feature 204,119
Amortization of financing costs 22,721
Depreciation 6,481
Interest expense 30,925 17,806
Changes in assets and liabilities:    
Other receivable 60,000
Prepaids and deposits (17,871) (20,694)
Long term receivables - net (141,182)
Accounts payable (75,200) 136,563
Accrued expenses and compensation (377,855) (74,288)
Net cash used in operating activities (1,378,408) (344,602)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equipment (4,905)
Net cash used in investing activities (4,905)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable net of discount 1,150,000 99,750
Proceeds from issuance of common stock 150,000 1,510,000
Repayment on notes payable (349,688)
Net cash provided by financing activities 1,300,000 1,260,062
Net increase (decrease) in cash and cash equivalents (78,408) 910,555
Cash and cash equivalents, beginning of period 178,552 2,764
Cash and cash equivalents, end of period 100,144 913,319
Supplemental Cash Flow Information    
Cash paid for interest 1,320 12,949
Cash paid for taxes
XML 16 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Basis of Presentation and Going Concern
6 Months Ended
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION AND GOING CONCERN

1.BASIS OF PRESENTATION AND GOING CONCERN

 

The accompanying interim unaudited condensed consolidated financial statements include the accounts of Applied Energetics, Inc. and its wholly owned subsidiary North Star Power Engineering, Inc. as of June 30, 2019 (collectively, "company," "Applied Energetics," "we," "our" or "us"). All intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary for a fair presentation of the results for the interim periods presented have been made. The results for the six-month period ended June 30, 2019, may not be indicative of the results for the entire year. The interim unaudited condensed consolidated financial statements should be read in conjunction with the company's audited consolidated financial statements contained in our Annual Report on Form 10-K.

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of $1,378,000 and may incur additional future losses due to the reduction in Government contract activity. These matters raise substantial doubt as to the company's ability to continue as a going concern.

 

The company's existence is dependent upon management's ability to develop profitable operations. Management is devoting substantially all of its efforts to developing its business and raising capital and there can be no assurance that the company's efforts will be successful. No assurance can be given that management's actions will result in profitable operations or the resolution of its liquidity problems. The accompanying consolidated financial statements do not include any adjustments that might result should the company be unable to continue as a going concern.

 

In order to improve the company's liquidity, the company's management is actively pursuing additional equity financing through discussions with investment bankers and private investors. There can be no assurance that the company will be successful in its effort to secure additional equity financing.

 

The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.

 

LIQUIDITY AND MANAGEMENT'S PLAN

 

The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of approximately $1,378,000, conducted financing activities yielding $1,150,000 in proceeds from notes payable and $150,000 in proceeds from issuance of common stock and expects to incur additional future losses due to the reactivation of its business activities. These matters raise substantial doubt as to the company's ability to continue as a going concern unless the company is able to obtain additional financing for its continuing operations. The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.

 

As of June 30, 2019, the company had approximately $100,000 in cash and cash equivalents.

 

USE OF ESTIMATES

 

The preparation of consolidated financial statements in conformity with United States Generally Accepted Accounting Principles ("GAAP") requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management bases its assumptions on historical experiences and on various other estimates that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. In addition, management considers the basis and methodology used in developing and selecting these estimates, the trends in and amounts of these estimates, specific matters affecting the amount of and changes in these estimates, and any other relevant matters related to these estimates, including significant issues concerning accounting principles and financial statement presentation. Such estimates and assumptions could change in the future, as more information becomes known which could materially impact the amounts reported and disclosed herein. Significant estimates include measurements of income tax assets and liabilities.

 

RECENT ACCOUNTING PRONOUNCEMENTS

 

The company has reviewed issued accounting pronouncements and plans to adopt those that are applicable to it. The company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

XML 17 R8.htm IDEA: XBRL DOCUMENT v3.19.2
Share-Based Compensation
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION
2.SHARE-BASED COMPENSATION

 

Share-Based Compensation

 

For the six months ended June 30, 2019 and 2018, share-based compensation expense totaled approximately $509,000 and $35,000, respectively.

 

There was no related income tax benefit recognized because our deferred tax assets are fully offset by a valuation allowance.

 

We determine the fair value of option grant share-based awards at their grant date, using a Black-Scholes-Merton Option-Pricing Model applying the assumptions in the following table:

 

   Six months ended June 30,
   2019   2018
Expected life (years)  5.50-6.75   N/A
Dividend yield  -   N/A
Expected volatility   232%  N/A
Risk free interest rates   2.47%  N/A
Weighted average fair value of options at grant date  $0.35   N/A

 

For the six months ended June 30, 2019, 5,000,000 options to purchase stock were granted, , additionally, no options to purchase stock were exercised, expired or forfeited; no restricted stock units were granted, vested or forfeited; and no restricted stock awards were granted, vested or forfeited. At June 30, 2019, options to purchase 32,750,000 shares of common stock were outstanding with a weighted average exercise price of $0.141, a weighted average remaining contract term of approximately 6.6 years with an aggregate intrinsic value of $2,777,000. At June 30, 2019 options for 12,895,000 shares were exercisable.

 

As of June 30, 2019, there was approximately $1,807,000 of unrecognized compensation cost related to unvested stock options granted and outstanding, net of estimated forfeitures. The cost is expected to be recognized on a weighted average basis over a period of approximately one year.

 

During the six month ended June 30, 2019, the company received $1,150,000 in proceeds from the issuance of notes payable, $300,000 of which consisted of a loan from a stockholder, maturing in September 2019, with which the company also issued warrants to purchase 575,000 shares of the company’s common stock, par value $0.001 per share at an exercise price of $0.07 per share for two years from the date of issuance. The notes bear interest of 10% payable at maturity. On maturity date, the company may elect to convert $850,000 of the balance of principal and interest due into shares of common stock at the conversion price of $0.10 a share.

XML 18 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Net Loss Per Share
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
3.NET LOSS PER SHARE

 

Basic net loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period before giving effect to stock options, stock warrants, restricted stock units and convertible securities outstanding, which are considered to be dilutive common stock equivalents. Diluted net loss per common share is calculated based on the weighted average number of common and potentially dilutive shares outstanding during the period after giving effect to convertible preferred stock, stock options, warrants and restricted stock units. Contingently issuable shares are included in the computation of basic loss per share when issuance of the shares is no longer contingent. Due to the losses from continuing operations for the six months ended June 30, 2019 and 2018, basic and diluted loss per common share were the same, as the effect of potentially dilutive securities would have been anti-dilutive.

 

Potentially dilutive securities not included in the diluted loss per share calculation, due to net losses from continuing operations, were as follows:

 

   Six months ended June 30, 
   2019   2018 
         
Options to purchase common shares   32,750,000    14,000,000 
Warrants to purchase common shares   950,000    - 
Convertible preferred stock   44,632    41,798 
           
Total potentially dilutive securities   33,744,632    14,041,798 
XML 19 R10.htm IDEA: XBRL DOCUMENT v3.19.2
Dividends
6 Months Ended
Jun. 30, 2019
Dividends [Abstract]  
DIVIDENDS

4.DIVIDENDS

 

Dividends on Preferred Stock are accrued when the amount and kind of dividend is determined and are payable quarterly on the first day of February, May, August and November, in cash or shares of common stock. The holders of shares of Series A Convertible Preferred Stock are entitled to receive dividends at the initial rate of 6.5% of the liquidation preference per share (the "Initial Dividend Rate"), payable, at the option of the corporation, in (i) cash, (ii) shares of our common stock (valued for such purpose at 95% of the weighted average of the last sales prices of our common stock for each of the trading days in the ten trading day period ending on the third trading day prior to the applicable dividend payment date) provided that the issuance and/or resale of all such shares of our common stock are then covered by an effective registration statement or (iii) any combination of the foregoing. If the company fails to pay dividends in the five business days following a dividend payment date (a "Payment Default"), the dividend rate shall immediately and automatically increase to 7.5% of the liquidation preference per share for as long as such Payment Default continues (or return to the Initial Dividend Rate at such time as such Payment Default no longer continues), and if a Payment Default shall occur on two consecutive Dividend Payment Dates, the dividend rate shall immediately and automatically increase to 10% of the Liquidation Preference for as long as such Payment Default continues and shall immediately and automatically return to the Initial Dividend Rate at such time as the Payment Default is no longer continuing.

 

As of June 30, 2019, we had 13,602 shares of our 6.5% Series A Convertible Preferred Stock outstanding. The company has not paid the dividends commencing with the quarterly dividend due August 1, 2013. Dividend arrearages as of June 30, 2019 was approximately $204,000. Our Board of Directors suspended the declaration of the dividend, commencing with the dividend payable as of February 1, 2015 since we did not have a surplus (as such term is defined in the Delaware General Corporation Law) as of December 31, 2014, until such time as we have a surplus or net profits for a fiscal year. Our Series A Preferred Stock has a liquidation preference of $25.00 per Share.

XML 20 R11.htm IDEA: XBRL DOCUMENT v3.19.2
Notes Payable
6 Months Ended
Jun. 30, 2019
Notes Payable [Abstract]  
NOTES PAYABLE
5.NOTES PAYABLE

 

During the six months ended June 30, 2019, the company received $1,150,000 from eight non-affiliated individuals based on 10% Promissory Notes (“Notes”). The Notes mature September 1, 2019. The Notes are accompanied by a Common Stock Purchase Warrant (a “Warrant”) entitling the holder to purchase one share of the company’s common stock, par value $0.001 per share (the “Common Shares”), for each $2.00 of Note principle, at an exercise price of $0.07 per share, for two years from the date of issuance.

 

On September 15, 2017 the company borrowed $53,000 under a convertible note maturing June 20, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company’s $0.001 par value common stock after March 24, 2018 (the “Initial Conversion Date”). The conversion rate is variable and will be 58% of the average of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company’s then issued and outstanding common stock. The company at the request of the note holder has reserved 36,369,879 shares of its $0.001 common stock for conversion. The note can be prepaid at the company’s option until the Initial Conversion Date. The company issued the note holder warrants to purchase 1,320,598 shares of its $0.001 par value common stock at an exercise price of $0.0301, The Warrants are exercisable at any time over a 7-year period commencing on the date of issuance. The company calculated a beneficial conversion feature of $53,000 on this note against which approximately $53,000 has been amortized.

 

The above transaction of a note for $53,000 and attached warrants of 1,320,598 shares were put in place by previous management. On March 12, 2018, the company’s newly elected board of directors discussed its options concerning the above referenced loan and attached warrant and agreed that it would be in the best interest of the company and its shareholders to pay in full the $53,000 convertible note funded on October 18, 2017, and additionally repurchase the warrant. On March 16, 2018, the company paid in full the $53,000 convertible note and cancelled its associated warrant to purchase 1,320,598 shares of common stock in a negotiated transaction. This note carried special early stock conversion rights at a material discount to market, and was considered to be a dilutive derivative event that could harm the future abilities of the company to operate and raise money. The total cost to the company to pay off this $53,000 note before the conversion date was $81,000. Additionally, the company cancelled the above referenced attached warrant which allowed the loan holder to purchase 1,320,598 shares of common stock at a material discount to the market. This warrant was given to the noteholder by previous management as an incentive to make the above referenced loan. The cost to the company to cancel the warrant was $40,000. The total combined cost to the company to cancel the loan and warrant was $121,000. The payment was comprised of $56,000 principal and accrued interest, prepayment premium of $25,000 and $40,000 to buy back the warrant. The note was paid in full on March 16, 2018. The company borrowed the $121,000 used to pay off this loan before the conversion date, via an interest free loan from two directors of the company.

 

On January 8, 2018 the company borrowed $105,000 under a convertible note maturing August 28, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty-four percent (24%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company’s $0.001 par value common stock after April 27, 2018 (the “Initial Conversion Date”). The conversion rate is variable and will be 55% of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on any conversion is limited to 4.99% of the company’s then issued and outstanding common stock. The note holder may increase the 4,99% limit to 9.99% on 61 days prior notice to the company. The company, at the request of the note holder, has reserved 40 million shares of its $0.001 common stock for conversion. The note can be prepaid at the company’s option until May 29, 2018. The company also entered into a security agreement pledging substantially all of its assets except for those related to Laser Guided Energy as collateral for the note.

 

The above transaction of a note for $105,000 was put in place by previous management. On April 25, 2018, the company’s newly elected board of directors discussed its options concerning the above referenced convertible loan funded on January 08, 2017 in the amount of $105,000, the board agreed that it would be in the best interest of the company and its shareholders to pay in full the referenced note before its conversion date. The note carried special early stock conversion rights at a material discount to market, in addition it pledged virtually all the assets of the company as collateral. The company’s board of directors considered this to be a significant derivative event that was extremely dilutive to existing shareholders. Additionally, it was the opinion of the company’s board of directors that this loan harmed the future abilities of the company to operate as a going concern and would make it nearly impossible to raise money in the future. The cost to the company to pay off this $105,000 note before the conversion date was $163,000 The payment was executed as paid in full on April 27, 2018 and was comprised of $109,000 principal and accrued interest, and a prepayment premium of $54,000 for a total of $163,000.

 

On March 8, 2018 the company borrowed $26,500 under a convertible note maturing December 15, 2018. The note bears interest of 12% payable at maturity. Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. The note is convertible into shares of the company’s $0.001 par value common stock after September 5, 2018 (the “Initial Conversion Date”). The conversion rate is variable and will be 51% of the average of the lowest one day trading price during the thirty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company’s then issued and outstanding Common Stock. The company at the request of the Note Holder has reserved 11,008,640 shares of its $0.001 common stock for conversion. The note can be prepaid at the company’s option until the Initial Conversion Date.

 

The above transaction of a note for $26,500 was put in place by previous management. On May 4, 2018 the company’s newly elected board of directors discussed its options concerning the above referenced convertible loan funded on December 27, 2017 in the amount of $26,500 and agreed that it would be in the best interest of the company and its shareholders to pay in full the referenced note which was put in place by previous management. This note carried special early stock conversion rights at a material discount to market and was considered by the company to be a dilutive derivative event that could harm the future abilities of the company to operate and raise money. The cost to the company to pay off this $26,500 note before the conversion date was $37,000. The payment was comprised of $27,000 principal and accrued interest, and prepayment premium of $10,000. The note was paid in full on May 18, 2018.

 

The following reconciles notes payable as of June 30, 2019 and December 31, 2018:

 

   June 30,
2019
   December 31,
2018
 
Convertible notes payable  $-   $(98,903)
Notes payable   1,150,000    - 
Accrued interest   22,986    (13,250)
Financing costs   -    (3,317)
Transfer from prepaid   54,329      
Amortization of financing costs   -    22,721 
Beneficial conversion feature   -    (111,370)
Amortization of beneficial conversion feature   -    204,119 
           
   $1,227,315   $- 
XML 21 R12.htm IDEA: XBRL DOCUMENT v3.19.2
Due To Related Parties
6 Months Ended
Jun. 30, 2019
Related Party Transactions [Abstract]  
DUE TO RELATED PARTIES
6.DUE TO RELATED PARTIES

 

It has come to the board’s attention that on July 31, 2018, our now deceased CEO deposited $50,000 into the company’s account. Although it has been suggested that the funds may have been intended for use toward Mr. Dearmin’s healthcare, the board does not know for certain what the purpose of the funds were or the nature of any intended investment. Accordingly, the board is investigating the appropriate disposition of the funds which will likely be to the estate of Mr. Dearmin. Until such a determination is made, the board does not intend to use these funds for any corporate purpose. For reporting purposes, the company has treated the deposit as a due to related party.

XML 22 R13.htm IDEA: XBRL DOCUMENT v3.19.2
Shareholders Deficit
6 Months Ended
Jun. 30, 2019
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS DEFICIT

7.SHAREHOLDERS DEFICIT

 

During January 2019, the company received $150,000 from three individuals based on subscription agreements with the company for which the company issued 2,500,000 shares of its common stock.

 

On January 24, 2018, we issued 1,242,710 shares of common stock in settlement of invoices valued at $38,524 with a vendor. This transaction was consummated by previous management to pay its attorney fees.

 

On December 4, 2017 previous management entered into a financial services agreement with BMA Securities for which, on January 26, 2018, it issued 5,000,000 shares of stock valued at $150,000.

XML 23 R14.htm IDEA: XBRL DOCUMENT v3.19.2
Legal Proceedings
6 Months Ended
Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]  
LEGAL PROCEEDINGS

8.LEGAL PROCEEDINGS

 

As previously reported in our Current Report on Form 8-K filed on July 9, 2018, on July 3, 2018, we commenced a lawsuit in the Court of Chancery of the State of Delaware against the company's former director and principal executive officer George Farley and AnneMarieCo LLC ("AMC").

 

The lawsuit alleges to the following six causes of action:

 

1.Breach of Fiduciary Duty of Loyalty against George Farley
2.Breach of Fiduciary Duty of Care against George Farley
3.Aiding and Abetting Breach of Fiduciary Duty against AMC
4.Conversion against George Farley
5.Fraudulent Transfer against George Farley and AMC
6.Injunctive Relief against George Farley and AMC

 

This report provides an update on the progress of the litigation.

 

In connection with the lawsuit, the company requested a temporary restraining order prohibiting Mr. Farley and AMC from selling their 25 million shares of the company's common stock which the company alleges were improperly issued. On July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a "status quo" order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company's motion for a preliminary injunction.

 

On July 26, 2018, the Delaware Court of Chancery entered a scheduling order setting dates and deadlines for, among other matters, a hearing and briefing schedule on the amount of the bond the company would be required to post to maintain the "status quo" order through the preliminary injunction hearing, a hearing and briefing schedule on the motion for a preliminary injunction, and a discovery schedule.

 

Also, in connection with the lawsuit, on August 8, 2018, the company filed a motion to disqualify Mr. Farley's attorney, Ryan Whalen, who had previously represented the company.

 

On August 14, 2018, the Delaware Court of Chancery issued an order requiring the company to post a bond in the total amount of $200,446.52. On August 21, 2018, the company posted the bond via Atlantic Specialty Insurance company acting as surety. Pursuant to the contract between the company and Atlantic Specialty Insurance company, the company deposited $200,446.52 in cash as collateral for the surety agreement.

 

On August 23, 2018, the Delaware Court of Chancery court extended the hearing date on the company's motion for a preliminary injunction to October 23, 2018, and simultaneously ordered an increase in the bond amount of $55,446.52. On August 30, 2018, the company posted the increased bond amount, again with Atlantic Specialty Insurance Company acting as surety, and deposited the additional $55,446.52 in cash with the surety.

 

On September 7, 2018, the Delaware Court of Chancery entered an order setting a briefing schedule on the company's motion to disqualify Mr. Whalen.

 

On September 10, 2018, the Delaware Court of Chancery entered an order governing the production and exchange of confidential documents and information among the parties in discovery.

 

In another Current Report on Form 8-K filed September 13, 2018, the company updated the status of the litigation to include events that occurred up to that date. This report further updates the progress of the litigation.

 

On October 16, 2018, the Delaware Court of Chancery entered a scheduling order continuing the hearing date on the company's motion for a preliminary injunction against defendants George Farley and AMC to December 14, 2018.

 

The October 16, 2018 order also required the company to increase its bond amount by an additional $185,301.86 ($80,301.86 for AMC and $105,000.00 for Mr. Farley) to account for the continued hearing date. On October 24, 2018, the company posted the additional bond amount of $185,301.86.

 

On October 16, 2018, the Delaware Court of Chancery issued an order denying the company's motion to disqualify Mr. Whalen.

 

On January 23, 2019, the Delaware Court of Chancery issued a Memorandum Opinion, granting a preliminary injunction prohibiting Mr. Farley and AMC from selling their 25 million shares of the company's common stock, which the company alleges were improperly issued. On January 24, 2019, the Delaware Court of Chancery issued a revised Memorandum Opinion correcting calculations regarding the increased bond amount.

 

In granting the preliminary injunction, the Court found that the company met "its considerable burden" of demonstrating it was likely to win its lawsuit against Mr. Farley and AMC. Specifically, the Court found it was "reasonably probable" Mr. Farley had unlawfully issued the 25 million shares without proper authorization, Mr. Farley had breached his duty of loyalty to the company, Mr. Farley was unlikely to prove the stock issuance was procedurally or substantively "fair" to the company, and Mr. Farley had fraudulently transferred 20 million of the shares to AMC. Finally, the Court ruled because Farley and AMC's 25 million shares represented one eighth of the company's outstanding ownership, the injunction was necessary to protect the company's capital structure, ability to attract new investors, ability to raise new capital and continue deployment of its plans now underway to revitalize its business.

 

The company had previously requested the temporary restraining order on July 20, 2018, the Delaware Court of Chancery, Vice Chancellor Tamika Montgomery-Reeves presiding, entered a "status quo" order upon the stipulation of the parties, whereby Mr. Farley and AMC agreed not to transfer, alienate or sell any of their shares pending a ruling on the company's motion for the preliminary injunction.

 

In its Memorandum Opinion, the Court also required that the company post additional bond money, bringing the total cash collateral for the surety agreement to $582,377.26. The company posted the additional bond amount, and deposited the additional cash amount with the surety, on January 29, 2019.

 

On March 4, 2019, the company filed an amended complaint adding claims against Mr. Farley concerning loans Mr. Farley caused the company take from PowerUp Lending Group Ltd. and Auctus Fund LLC from September 2017 through March 2018. Mr. Farley responded to the amended complaint by filing a motion to dismiss the lawsuit based on Delaware Court of Chancery Rules 12(b)(3) and 12(b)(7). On June 28, 2019, the Delaware Chancery Court denied this motion.

 

On June 7, 2019, the company filed a motion to reduce or eliminate the cash bond requirement. As previously reported, the cash bond was required by the Delaware Chancery Court. The defendants' response to this motion is due on August 16, 2019.

 

On July 19, 2019, Mr. Farley and AMC filed answers and amended counter claims in response to the Company's amended complaint. The amended counter claims add claims under Delaware General Corporate Law section 205, seeking to validate the stock issuances at issue in the litigation.

 

On July 29, 2019, the Delaware Chancery Court entered a scheduling order which, among other deadlines, rescheduled the trial date to begin on January 21, 2020.

 

In a related matter, on February 8, 2019, the company filed a complaint against Stein Riso Mantel McDonough, LLP ("Stein Riso"), its former counsel, in the United States District Court for the Southern District of New York alleging the following:

 

1.breach of fiduciary duty;
2.legal malpractice;
3.aiding and abetting a breach of fiduciary duty;
4.voidance of fees under New York Rules of Professional Conduct 1.8;
5.violation of New York Rule of Professional Conduct 1.5;
6.securities fraud;
7.breach of contract; and
8.unjust enrichment.

 

The complaint against Stein Riso followed the issuance, on January 23, 2019, of a Memorandum Opinion granting the company's motion for a preliminary injunction by the Delaware Court of Chancery in the case against George Farley and AMC. Stein Riso has responded to the complaint by filing a motion to dismiss the complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). The company amended its complaint in response. On July 31, 2019, Stein Riso responded to the company's amended complaint by filing another motion to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6). The company's response is due on August 13, 2019.

 

On July 3, 2019, Gusrae, Kaplan & Nusbaum and its partner, Ryan Whalen, counsel for defendants, George Farley and AnneMarie Co. LLC, in the litigation brought by the company and pending in Delaware, filed a claim in the District Court for the Southern District of New York against the company its directors, officers, attorneys and a consultant. The action alleges libel, securities fraud and related claims. The company believes that this suit lacks merit and intends to dispute these allegations.

 

Based on the discussion in the order granting its preliminary injunction (as previously reported) and the potential outcome of the case, on June 24, 2019, the company has filed a complaint in the Court of Common Pleas in the County of Beaufort, South Carolina, to prevent the sale of certain property located there (or in the alternative, to require payment of proceeds from any sale of the property into the registry of the court until a final decision is entered in the matter), in order to protect the company from having property disposed of.

 

On July 24, 2019 the Farley defendants and Annemarico, LLC filed an Answer to the South Carolina lawsuit in which they deny all allegations made against them. On that same date, they also filed a Motion to Dismiss the South Carolina case on numerous grounds. We are currently preparing a response to that Motion, and anticipate a hearing being held in the next sixty (60) days.

 

As with any litigation, the company cannot predict the outcome with certainty, but the company expects to provide further updates on the status of the litigation as circumstances warrant.

XML 24 R15.htm IDEA: XBRL DOCUMENT v3.19.2
Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
9.SUBSEQUENT EVENTS

 

In July and August 2019, the company received $550,000 from four non-affiliated individuals based on 10% Promissory Notes (“Notes”). The Notes mature September 1, 2019. The Notes are accompanied by a Common Stock Purchase Warrant entitling the holder to purchase one share of the company’s common stock, par value $0.001 per share, for each $2.00 of Note principle, at an exercise price of $0.07 per share, for two years from the date of issuance.

 

On July 10, 2019, the company closed the purchase of certain assets under an Asset Purchase Agreement, dated as of May 24, 2019, by and between the company and Applied Optical Sciences, Inc., an Arizona corporation which is majority owned by the holder of in excess of 10% of the company’s common stock.

 

The company’s management has evaluated subsequent events occurring after June 30, 2019, the date of our most recent balance sheet, through the date our financial statements were issued.

XML 25 R16.htm IDEA: XBRL DOCUMENT v3.19.2
Basis of Presentation and Going Concern (Policies)
6 Months Ended
Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
LIQUIDITY AND MANAGEMENT’S PLAN

LIQUIDITY AND MANAGEMENT'S PLAN

 

The accompanying unaudited financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the six months ended June 30, 2019, the company incurred a net loss of approximately $1,373,000, had negative cash flows from operations of approximately $1,378,000, conducted financing activities yielding $1,150,000 in proceeds from notes payable and $150,000 in proceeds from issuance of common stock and expects to incur additional future losses due to the reactivation of its business activities. These matters raise substantial doubt as to the company's ability to continue as a going concern unless the company is able to obtain additional financing for its continuing operations. The financial statements do not include any adjustments relating to the recoverability of assets and the amount or classification of liabilities that might be necessary should the company be unable to continue as a going concern.

 

As of June 30, 2019, the company had approximately $100,000 in cash and cash equivalents.

USE OF ESTIMATES

USE OF ESTIMATES

 

The preparation of consolidated financial statements in conformity with United States Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates, judgments and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management bases its assumptions on historical experiences and on various other estimates that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. In addition, management considers the basis and methodology used in developing and selecting these estimates, the trends in and amounts of these estimates, specific matters affecting the amount of and changes in these estimates, and any other relevant matters related to these estimates, including significant issues concerning accounting principles and financial statement presentation. Such estimates and assumptions could change in the future, as more information becomes known which could materially impact the amounts reported and disclosed herein. Significant estimates include measurements of income tax assets and liabilities.

RECENT ACCOUNTING PRONOUNCEMENTS

RECENT ACCOUNTING PRONOUNCEMENTS

 

The company has reviewed issued accounting pronouncements and plans to adopt those that are applicable to it. The company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position.

XML 26 R17.htm IDEA: XBRL DOCUMENT v3.19.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of share- based compensation

   Six months ended June 30,
   2019   2018
Expected life (years)  5.50-6.75   N/A
Dividend yield  -   N/A
Expected volatility   232%  N/A
Risk free interest rates   2.47%  N/A
Weighted average fair value of options at grant date  $0.35   N/A
XML 27 R18.htm IDEA: XBRL DOCUMENT v3.19.2
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of net loss per share
  Six months ended June 30, 
   2019   2018 
         
Options to purchase common shares   32,750,000    14,000,000 
Warrants to purchase common shares   950,000    - 
Convertible preferred stock   44,632    41,798 
           
Total potentially dilutive securities   33,744,632    14,041,798 
XML 28 R19.htm IDEA: XBRL DOCUMENT v3.19.2
Notes Payable (Tables)
6 Months Ended
Jun. 30, 2019
Notes Payable [Abstract]  
Schedule of notes payable

   June 30,
2019
   December 31,
2018
 
Convertible notes payable  $-   $(98,903)
Notes payable   1,150,000    - 
Accrued interest   22,986    (13,250)
Financing costs   -    (3,317)
Transfer from prepaid   54,329      
Amortization of financing costs   -    22,721 
Beneficial conversion feature   -    (111,370)
Amortization of beneficial conversion feature   -    204,119 
           
   $1,227,315   $- 
XML 29 R20.htm IDEA: XBRL DOCUMENT v3.19.2
Basis of Presentation and Going Concern (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Dec. 31, 2017
Basis of Presentation and Going Concern (Textual)                
Net loss $ (786,820) $ (586,155) $ (703,973) $ (324,388) $ (1,372,973) $ (1,028,361)    
Cash flows from operations         (1,378,408) (344,602)    
Proceeds from issuance of common stock         150,000 1,510,000    
Proceeds from note payable         1,150,000 99,750    
Repayment on note payable         (349,688)    
Cash and cash equivalents 100,144   $ 913,319   100,144 $ 913,319 $ 178,552 $ 2,764
Interim unaudited condensed consolidated financial statements [Member]                
Basis of Presentation and Going Concern (Textual)                
Net loss         1,373,000      
Cash flows from operations         1,378,000      
Proceeds from issuance of common stock         150,000      
Proceeds from note payable         1,150,000      
Cash and cash equivalents $ 100,000       $ 100,000      
XML 30 R21.htm IDEA: XBRL DOCUMENT v3.19.2
Share-Based Compensation (Details) - $ / shares
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Expected life (years)
Dividend yield
Expected volatility 232.00%
Risk free interest rates 2.47%
Weighted average fair value of options at grant date $ 0.35
Minimum [Member]    
Expected life (years) 5 years 6 months  
Maximum [Member]    
Expected life (years) 6 years 9 months  
XML 31 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Share-Based Compensation (Details Textual) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Share-Based Compensation (Textual)      
Share-based compensation expense $ 509,268 $ 34,596  
Proceeds from the issuance of notes payable $ 1,150,000 $ 99,750  
Common stock, par value (in dollars per share) $ 0.001   $ 0.001
Maturity date Sep. 30, 2019    
Interest rate 10.00%    
Conversion price (in dollars per shares) $ 0.10    
Number of warrants issued 575,000    
Exercise price of warrants $ 0.07    
Employee Stock Option [Member]      
Share-Based Compensation (Textual)      
Share-based compensation, option awards, granted 5,000,000    
Options to purchase stock were forfeited 0    
Share-based compensation, options exercised 0    
Share-based compensation, options forfeited 0    
Share-based compensation, options expired 0    
Share-based compensation, options outstanding 32,750,000    
Share-based compensation, options outstanding, weighted average exercise price (in dollars per share) $ 0.141    
Share-based compensation, options outstanding, weighted average remaining contractual term 6 years 7 months 6 days    
Options outstanding aggregate intrinsic value $ 2,777,000    
Options exercisable (in shares) 12,895,000    
Unrecognized compensation costs related to unvested equity awards, net of estimated forfeitures $ 1,807,000    
Weighted average basis over period 1 year    
Proceeds from the issuance of notes payable $ 1,150,000    
Consisted of loan amount 300,000    
Conversion of principal amount $ 850,000    
XML 32 R23.htm IDEA: XBRL DOCUMENT v3.19.2
Net Loss Per Share (Details) - shares
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive securities 33,744,632 14,041,798
Options to Purchase Common Shares [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive securities 32,750,000 14,000,000
Warrants to Purchase Common Shares [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive securities 950,000
Convertible Preferred Stock [Member]    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive securities 44,632 41,798
XML 33 R24.htm IDEA: XBRL DOCUMENT v3.19.2
Dividends (Details) - USD ($)
6 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Dividends (Textual)    
Initial dividend rate 6.50%  
Increase in dividend rate on default of payment 7.50%  
Increase in dividend rate on two consecutive default of payment 10.00%  
Series A convertible preferred stock outstanding (in shares) 13,602 13,602
Amount of arrears dividend $ 204,000  
Series A covertible preferred stock liquidation preference (in dollars per share) $ 25.00  
Percentage of weighted average of common stock sales price 95.00%  
XML 34 R25.htm IDEA: XBRL DOCUMENT v3.19.2
Notes Payable (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Notes Payable [Abstract]    
Convertible notes payable $ (98,903)
Notes payable 1,150,000
Accrued interest 22,986 (13,250)
Financing costs (3,317)
Transfer from prepaid 54,329  
Amortization of financing costs 22,721
Beneficial conversion feature (111,370)
Amortization of beneficial conversion feature 204,119
Notes payable $ 1,227,315
XML 35 R26.htm IDEA: XBRL DOCUMENT v3.19.2
Notes Payable (Details Textual) - USD ($)
6 Months Ended 12 Months Ended
May 04, 2018
Apr. 25, 2018
Mar. 16, 2018
Mar. 12, 2018
Mar. 08, 2018
Jan. 08, 2018
Sep. 15, 2017
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Notes Payable (Textual)                    
Debt face amount                 $ 98,903
Common stock, par value (in dollars per share)               $ 0.001   $ 0.001
Debt interest rate (in percent)               10.00%    
Conversion price (in dollars per share)               $ 0.10    
Issued of warrants or exercise price               $ 0.07    
Convertible beneficial conversion feature                 $ 111,370
Repayment of convertible notes               $ 349,688  
Conversion and cancellation cost of notes and warrants       $ 121,000            
Payment of principal and accrued interest       56,000            
12% Convertible Notes Due December 15, 2018 [Member]                    
Notes Payable (Textual)                    
Debt face amount         $ 26,500          
Debt maturity date         Dec. 15, 2018          
Debt interest rate (in percent)         12.00%          
Description of interest rate terms         Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid.          
Conversion price (in dollars per share)         $ 0.001          
Convertible note, initial maturity date         Sep. 05, 2018          
Description of conversion for convertible notes         The conversion rate is variable and will be 51% of the average of the lowest one day trading price during the thirty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company’s then issued and outstanding Common Stock.          
Repayment of convertible notes $ 26,500                  
Conversion and cancellation cost of notes and warrants 37,000                  
Payment of principal and accrued interest 27,000                  
Prepayment premium $ 10,000                  
12% Convertible Notes Due June 20, 2018 [Member]                    
Notes Payable (Textual)                    
Debt face amount             $ 53,000      
Debt maturity date             Jun. 20, 2018      
Debt interest rate (in percent)             12.00%      
Description of interest rate terms             Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid.      
Conversion price (in dollars per share)             $ 0.001      
Convertible note, initial maturity date             Mar. 24, 2018      
Description of conversion for convertible notes             The conversion rate is variable and will be 58% of the average of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on conversion is limited to 4.99% of the company’s then issued and outstanding common stock.      
Repayment of convertible notes     $ 53,000 53,000            
Cancellation of warrant purchase     1,320,598              
Conversion and cancellation cost of notes and warrants       81,000            
Payment of principal and accrued interest       $ 25,000            
Borrowings for repayment of notes     $ 121,000              
12% Convertible Notes Due June 20, 2018 [Member] | Note warrant [Member]                    
Notes Payable (Textual)                    
Conversion price (in dollars per share)             $ 0.001      
Number of warrants purchase             1,320,598      
Issued of warrants or exercise price             $ 0.0301      
Issued of warrants or exercisable             7 years      
Convertible beneficial conversion feature             $ 53,000      
Convertible beneficial conversion amortized             $ 53,000      
Cancellation of warrant purchase       1,320,598            
Payment of principal and accrued interest       $ 40,000            
Prepayment premium       40,000            
12% Convertible Notes Due August 28, 2018 [Member]                    
Notes Payable (Textual)                    
Debt face amount           $ 105,000        
Debt maturity date           Aug. 28, 2018        
Debt interest rate (in percent)           12.00%        
Description of interest rate terms           Any amount of principal or interest on the note which is not paid when due shall bear interest at the rate of twenty-four percent (24%) per annum from the due date thereof until the same is paid.        
Conversion price (in dollars per share)           $ 0.001        
Convertible note, initial maturity date           Apr. 27, 2018        
Description of conversion for convertible notes           The conversion rate is variable and will be 55% of the lowest one-day trading price during the twenty trading days preceding the holders notice of conversion. The number of shares issuable on any conversion is limited to 4.99% of the company’s then issued and outstanding common stock. The note holder may increase the 4,99% limit to 9.99% on 61 days prior notice to the company. The company, at the request of the note holder, has reserved 40 million shares of its $0.001 common stock for conversion.        
Repayment of convertible notes   $ 105,000                
Conversion and cancellation cost of notes and warrants   163,000                
Payment of principal and accrued interest   109,000                
Prepayment premium   54,000                
Total prepayment premium   $ 163,000                
Note holder [Member] | 12% Convertible Notes Due December 15, 2018 [Member]                    
Notes Payable (Textual)                    
Conversion price (in dollars per share)         $ 0.001          
Number of shares reserved for conversion (in shares)         11,008,640          
Note holder [Member] | 12% Convertible Notes Due June 20, 2018 [Member]                    
Notes Payable (Textual)                    
Conversion price (in dollars per share)             $ 0.001      
Number of shares reserved for conversion (in shares)             36,369,879      
Note holder [Member] | 12% Convertible Notes Due August 28, 2018 [Member]                    
Notes Payable (Textual)                    
Conversion price (in dollars per share)           $ 0.001        
Number of shares reserved for conversion (in shares)           40,000,000        
Non affiliated Individuals [Member] | 10% Convertible Notes Due September 01, 2019 [Member]                    
Notes Payable (Textual)                    
Debt face amount               $ 1,150,000    
Common stock, par value (in dollars per share)               $ 0.001    
Excercise price               $ 0.07    
Debt maturity date               Sep. 01, 2019    
Two Directors [Member] | 12% Convertible Notes Due June 20, 2018 [Member]                    
Notes Payable (Textual)                    
Borrowings for repayment of notes       $ 121,000            
XML 36 R27.htm IDEA: XBRL DOCUMENT v3.19.2
Due To Related Parties (Details)
Jul. 31, 2018
USD ($)
CEO [Member]  
Due To Related Parties (Textual)  
Borrowed $ 50,000
XML 37 R28.htm IDEA: XBRL DOCUMENT v3.19.2
Shareholders Deficit (Details) - USD ($)
Jun. 30, 2019
Jan. 31, 2019
Dec. 31, 2018
Jan. 26, 2018
Jan. 24, 2018
Shareholders Deficit (Textual)          
Number of common stock issued 204,197,396   201,697,396    
Common stock, value $ 204,197   $ 201,697    
Subscription Agreements [Member]          
Shareholders Deficit (Textual)          
Number of common stock issued   2,500,000      
Common stock, value   $ 150,000      
Financial Services Agreement [Member]          
Shareholders Deficit (Textual)          
Number of common stock issued       5,000,000  
Common stock, value       $ 150,000  
Vendor [Member]          
Shareholders Deficit (Textual)          
Number of common stock issued         1,242,710
Common stock, value         $ 38,524
XML 38 R29.htm IDEA: XBRL DOCUMENT v3.19.2
Legal Proceedings (Details) - USD ($)
6 Months Ended
Jan. 29, 2019
Jan. 23, 2019
Oct. 24, 2018
Oct. 16, 2018
Aug. 30, 2018
Aug. 23, 2018
Aug. 21, 2018
Aug. 14, 2018
Jul. 03, 2018
Jun. 30, 2019
Legal Proceedings (Textual)                    
Cash deposited               $ 200,446.52    
Additional cash deposited     $ 185,301.86     $ 55,446.52        
Collateral For The Surety Agreement [Member]                    
Legal Proceedings (Textual)                    
Cash deposited             $ 200,446.52      
Additional cash deposited $ 582,377.26                  
Mr. Farley and AMC [Member]                    
Legal Proceedings (Textual)                    
Number of shares issued in transaction   25,000,000             25,000,000  
Additional cash deposited       $ 185,301.86            
Description of preliminary injunction                   In granting the preliminary injunction, the Court found that the company met "its considerable burden" of demonstrating it was likely to win its lawsuit against Mr. Farley and AMC. Specifically, the Court found it was "reasonably probable" Mr. Farley had unlawfully issued the 25 million shares without proper authorization, Mr. Farley had breached his duty of loyalty to the company, Mr. Farley was unlikely to prove the stock issuance was procedurally or substantively "fair" to the company, and Mr. Farley had fraudulently transferred 20 million of the shares to AMC. Finally, the Court ruled because Farley and AMC's 25 million shares represented one eighth of the company's outstanding ownership, the injunction was necessary to protect the company's capital structure, ability to attract new investors, ability to raise new capital and continue deployment of its plans now underway to revitalize its business.
Mr. Farley [Member]                    
Legal Proceedings (Textual)                    
Additional cash deposited       10,500,000            
AMC [Member]                    
Legal Proceedings (Textual)                    
Additional cash deposited       $ 80,301.86            
Atlantic Specialty Insurance Company [Member] | Collateral For The Surety Agreement [Member]                    
Legal Proceedings (Textual)                    
Additional cash deposited         $ 55,446.52          
XML 39 R30.htm IDEA: XBRL DOCUMENT v3.19.2
Subsequent Events (Details) - USD ($)
1 Months Ended
Jul. 31, 2019
Aug. 31, 2019
Jul. 10, 2019
Jun. 30, 2019
Dec. 31, 2018
Debt face amount       $ 98,903
Common stock par value (in dollars per share)       $ 0.001 $ 0.001
Subsequent Event [Member]          
Ownership percentage     10.00%    
Non affiliated Individuals [Member] | 10% Promissory Notes [Member] | Subsequent Event [Member]          
Debt face amount $ 550,000 $ 550,000      
Debt maturity date Sep. 01, 2019        
Common stock par value (in dollars per share) $ 0.001        
Excercise price (in shares) $ 0.07        
EXCEL 40 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 41 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 42 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 43 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.2 html 106 245 1 false 30 0 false 4 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://aergs.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets Sheet http://aergs.com/role/BalanceSheets Condensed Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Parenthetical) Sheet http://aergs.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://aergs.com/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statements of Stockholders' Deficit (Unaudited) Sheet http://aergs.com/role/StatementsOfStockholdersDeficit Consolidated Statements of Stockholders' Deficit (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://aergs.com/role/CondensedConsolidatedStatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Basis of Presentation and Going Concern Sheet http://aergs.com/role/BasisOfPresentationAndGoingConcern Basis of Presentation and Going Concern Notes 7 false false R8.htm 00000008 - Disclosure - Share-Based Compensation Sheet http://aergs.com/role/Share-basedCompensation Share-Based Compensation Notes 8 false false R9.htm 00000009 - Disclosure - Net Loss Per Share Sheet http://aergs.com/role/NetLossPerShare Net Loss Per Share Notes 9 false false R10.htm 00000010 - Disclosure - Dividends Sheet http://aergs.com/role/Dividends Dividends Notes 10 false false R11.htm 00000011 - Disclosure - Notes Payable Notes http://aergs.com/role/NotesPayable Notes Payable Notes 11 false false R12.htm 00000012 - Disclosure - Due To Related Parties Sheet http://aergs.com/role/DueToRelatedParties Due To Related Parties Notes 12 false false R13.htm 00000013 - Disclosure - Shareholders Deficit Sheet http://aergs.com/role/ShareholdersDeficit Shareholders Deficit Notes 13 false false R14.htm 00000014 - Disclosure - Legal Proceedings Sheet http://aergs.com/role/LegalProceedings Legal Proceedings Notes 14 false false R15.htm 00000015 - Disclosure - Subsequent Events Sheet http://aergs.com/role/SubsequentEvents Subsequent Events Notes 15 false false R16.htm 00000016 - Disclosure - Basis of Presentation and Going Concern (Policies) Sheet http://aergs.com/role/BasisOfPresentationAndGoingConcernPolicies Basis of Presentation and Going Concern (Policies) Policies 16 false false R17.htm 00000017 - Disclosure - Share-Based Compensation (Tables) Sheet http://aergs.com/role/Share-basedCompensationTables Share-Based Compensation (Tables) Tables http://aergs.com/role/Share-basedCompensation 17 false false R18.htm 00000018 - Disclosure - Net Loss Per Share (Tables) Sheet http://aergs.com/role/NetLossPerShareTables Net Loss Per Share (Tables) Tables http://aergs.com/role/NetLossPerShare 18 false false R19.htm 00000019 - Disclosure - Notes Payable (Tables) Notes http://aergs.com/role/NotesPayableTables Notes Payable (Tables) Tables http://aergs.com/role/NotesPayable 19 false false R20.htm 00000020 - Disclosure - Basis of Presentation and Going Concern (Details) Sheet http://aergs.com/role/BasisOfPresentationAndGoingConcernDetails Basis of Presentation and Going Concern (Details) Details http://aergs.com/role/BasisOfPresentationAndGoingConcernPolicies 20 false false R21.htm 00000021 - Disclosure - Share-Based Compensation (Details) Sheet http://aergs.com/role/Share-basedCompensationDetails Share-Based Compensation (Details) Details http://aergs.com/role/Share-basedCompensationTables 21 false false R22.htm 00000022 - Disclosure - Share-Based Compensation (Details Textual) Sheet http://aergs.com/role/Share-basedCompensationDetailsTextual Share-Based Compensation (Details Textual) Details http://aergs.com/role/Share-basedCompensationTables 22 false false R23.htm 00000023 - Disclosure - Net Loss Per Share (Details) Sheet http://aergs.com/role/NetLossPerShareDetails Net Loss Per Share (Details) Details http://aergs.com/role/NetLossPerShareTables 23 false false R24.htm 00000024 - Disclosure - Dividends (Details) Sheet http://aergs.com/role/DividendsDetails Dividends (Details) Details http://aergs.com/role/Dividends 24 false false R25.htm 00000025 - Disclosure - Notes Payable (Details) Notes http://aergs.com/role/NotesPayableDetails Notes Payable (Details) Details http://aergs.com/role/NotesPayableTables 25 false false R26.htm 00000026 - Disclosure - Notes Payable (Details Textual) Notes http://aergs.com/role/NotesPayableDetailsTextual Notes Payable (Details Textual) Details http://aergs.com/role/NotesPayableTables 26 false false R27.htm 00000027 - Disclosure - Due To Related Parties (Details) Sheet http://aergs.com/role/DueToRelatedPartiesDetails Due To Related Parties (Details) Details http://aergs.com/role/DueToRelatedParties 27 false false R28.htm 00000028 - Disclosure - Shareholders Deficit (Details) Sheet http://aergs.com/role/ShareholdersDeficitDetails Shareholders Deficit (Details) Details http://aergs.com/role/ShareholdersDeficit 28 false false R29.htm 00000029 - Disclosure - Legal Proceedings (Details) Sheet http://aergs.com/role/LegalProceedingsDetails Legal Proceedings (Details) Details http://aergs.com/role/LegalProceedings 29 false false R30.htm 00000030 - Disclosure - Subsequent Events (Details) Sheet http://aergs.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://aergs.com/role/SubsequentEvents 30 false false All Reports Book All Reports aerg-20190630.xml aerg-20190630.xsd aerg-20190630_cal.xml aerg-20190630_def.xml aerg-20190630_lab.xml aerg-20190630_pre.xml http://fasb.org/us-gaap/2019-01-31 http://fasb.org/srt/2019-01-31 http://xbrl.sec.gov/dei/2019-01-31 true true ZIP 45 0001213900-19-015820-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001213900-19-015820-xbrl.zip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�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end