These were the two finds that I thought were interesting:
page F-4
Hydro Phi is a fuel efficiency company that has created a water-based technology to improve the fuel efficiency of internal combustion engines. Hydro Phi has been engaged in the research and development of its “green energy” solutions primarily for the transportation industry since its inception. In 2010, Hydro Phi concluded phase one of its research and development phase and started to generate revenues. Hydro Phi’s priority market segments are: logistics, trucking, heavy equipment, marine and agriculture, where rising fuel costs and upcoming emission regulations necessitate the development of new, ground-breaking technologies. In the future, the continual improvement process at Hydro Phi will focus on miniaturization, data collection, application-specific designs and further efficiency enhancements.
page F-15
17. CONCENTRATION
All of the Company’s revenues were related to one customer for the six months ended September 30, 2015, totaling $138,333. The loss of the customer or the failure to attract new customers could have a material adverse effect on our business, results of operations and financial condition.
