NOTE 5 - ACCOUNTS RECEIVABLES AND OTHER ASSETS The Company had an account receivable due from China Ming Yang in the amount of $1,734,000 and $500,000 in an account receivable due from Solar City. The company transferred the China Ming Yang Receivable as well as its interest in Greener Wind Solutions, Inc. to GCHI Green Company Holdings, Inc a Canadian company effective June 30, 2014. In addition the company has receivables from I-Texts, Inc. for $148,100, Telemedcare, Inc. for $8,500 and American Wellness Center, Inc. for $10,000. The company has $21,457,324 in Ludvik Holdings, Inc. assets and $8,600,000 in assets that were purchased for the issuance of Series C Preferred Shares and $3,000,000 in GCHI Green Company Holdings, Inc. common and preferred shares.
Notice the part that says a canadian company as of June 30. 1 of the requirements for listing on the cse is it has to be a canadian company. The company must also be in good standing. I am not sure how this works in Canada, but in the state I live in you must be in business for three years for this to happen. Maybe this is why they have to merge with someone already listed.