DESCRIPTION OF BUSINESS
Indoor Harvest, Corp., through its brand name Indoor Harvest™ is a development stage company that seeks to become an equipment design, developer, marketer and direct-seller of commercial grade aeroponic fixtures and supporting systems for use in urban controlled environment agriculture ("CEA") and Building Integrated Agriculture ("BIA").
Aeroponics is the process of growing plants in an air or mist environment without the use of soil or an aggregate medium (known as geoponics). Aeroponic culture differs from both conventional hydroponics and in-vitro (plant tissue culture) growing. Unlike hydroponics, which uses water as growing medium and essential minerals to sustain plant growth, aeroponics is conducted without a growing medium. Because water is used in aerponics to transmit nutrients, it is sometimes considered a type of hydroponics.
Our fixtures and patent pending system design are based upon a modular concept in which primary components are interchangeable providing a level of customization we believe based upon our knowledge of the industry is not currently offered by other aeroponic system manufactures. We are developing our aeroponic fixtures and systems for use by both horticulture enthusiasts and commercial operators who seek to utilize aeroponic vertical farming methods within a controlled indoor environment.
Our products are designed for the production of aeroponic leafy greens, micro-greens, fruiting plants and herbs. Our products and systems can also be adapted for a variety of other uses such as horticulture research, medicinal plant production, pharmaceutical plant production, plant cloning and hardwood propagation.
There are currently several different growing technologies being deployed in urban vertical farming operations. The most common of these technologies include; nutrient film technology, ebb and flow systems, drip irrigation, water culture systems, aquaponic raft systems and aeroponic systems. Our company has chosen to focus on the development of aeroponic fixtures and supporting systems for the urban vertical farming industry. Aeroponics is a method of growing plants in a sealed environment by suspending plant roots in an automated atomized liquid nutrient environment.
The aeroponic environment being free from pests and disease, plants grow healthier and more quickly than plants grown in a medium. CEA and BIA advances plant development, health, growth, flowering and fruiting for any given plant species and cultivars. There are two types of aeroponics commonly used and they are described as follows:
Low Pressure Aeroponics ("LPA") - LPA systems utilize high volume, low-pressure pumps and low pressure misting, or spray nozzles. Low-pressure nozzles require large orifices to disperse the nutrient solution resulting in increased water usage. Due to the large amount of water used, the majority of LPA systems recirculate the nutrient solution to minimize water and fertilizer usage.
High Pressure Aeroponics ("HPA") - HPA systems utilize a low volume, high-pressure pump and high pressure misting, or fog nozzles. The higher pressures when used with an appropriate nozzle create an atomized mist or fog. Unlike LPA designs, HPA can utilize drain to waste configurations for easier operation due to minimal water usage. Average nutrient solution particle size is 50-80 microns.
The Indoor Harvest™ patent pending "Modular Aeroponic System and Related Methods"
The Indoor Harvest™ Modular Aeroponic System is based around seven primary fixture components. These fixtures consist of an Aeroponic Growth Tray, Aeroponic Growth Lid, Aeroponic Spray Manifold, Aeroponic Pressure Manifold, Nutrient Delivery System, Recirculating System and Lift Station. The individual fixtures are combined to create a variety of aeroponic system configurations and allow for modular system construction. As of August 2013, the Company had completed three prototype system tests. The chart below briefly describes the development status of our seven primary fixture components.
Indoor Harvest™ Shallow Raft System The system is modular and is based upon the Unistrut framing platform which will make it very versatile in how it is installed and incorporated into mechanical systems. The design uses an open slot face which will allow precise leveling no matter how uneven your floor is. We have designed the frames to use the Illumitex ES-1 and ES-2 fixtures right out of the box with no modifications or custom electrical fabrication. Any brand hydroponic tray will work. We plan to stock Botanicare products in-house. Indoor Harvest™ Support Systems for Aeroponics
In addition to our line of aeroponic system fixtures, we also intend to offer private labeled supporting systems for large commercial installations for CEA and BIA farming. These include both wall mount and frame mount reverse osmosis ("R/O") systems ranging in size from 250 gallons per day to over 19,000 gallons per day from Applied Membranes, Inc.. We also intend to offer private labeled inline and drop in chillers ranging from 1/5 HP to 1/2 HP from Trade Wind Chillers.
The use of a R/O system within an aeroponic system can dramatically reduce the potential for maintenance issues such as the clogging of nozzles, solenoids and pumps by filtering incoming system water to below 20 parts per million. Both inline and drop in chillers can also be added to an aeroponic system to chill the nutrient solution thereby increasing dissolved oxygen content of the nutrients and lowering the temperature of a plants root zone. Higher dissolved oxygen and cooler root temperatures promote faster plant growth.
Amended Quarterly Report (10-Q/A) Date 12/26/2019
Common stock: 3,000,000,000 authorized; $0.001 par value 65,690,760 and 34,888,415 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively
Market Cap $261,555 1/7/2020 $168,485 12/03/2019 $199,020 11/01/2019 ::: $217,679 10/21/2019
Authorized Shares 3,000,000,000 1/2/2020 500,000,000 11/01/2019 200,000,000 10/04/2019
Outstanding Shares 190,825,209 2/3/2020 186,825,209 1/2/2020 140,404,156 12/02/2019 80,196,313 11/01/2019 A65,690,760 9/30/2019 62,193,898 10/04/2019
Float 33,126,753 06/03/2019
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