XNRG - "The Company issued 600,000 Series B Preferred shares on May 13, 2014 to President, CEO and Director, Jerry G. Mikolajczyk, for $300,000. The unsecured loans for $35,000 with Jerry G. Mikolajczyk and a $265,000 reduction in the SHORT TERM LOAN TO Jerry G. Mikolajczyk d/b/a Lighthouse Investments was applied against the purchase of the Series B Preferred Shares."