|3 Months Ended|
Mar. 31, 2018
|Subsequent Events [Abstract]|
NOTE 14 – SUBSEQUENT EVENTS
On April 30, 2018, the Board of Directors approved a $300,000 intercompany loan to SkyScale which is a 50% owned joint venture with Jacoma Investments, LLC, an entity controlled by our board member Jack Harrison.
The Company has evaluated subsequent events after the condensed consolidated balance sheet date of March 31, 2018 through the date of filing. Based upon its evaluation, management has determined that, other than as disclosed in the accompanying notes, no subsequent events have occurred that would require recognition in the accompanying consolidated financial statements or disclosure in the notes thereto.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef