Drone Services USA Inc. (DSUS)

[DayofReckoning]

true but TANKE has no cash so they used preferred shares

February 2013, the Company entered into a Master License and Investment agreement with E-waste Systems Inc.(EWSI) that grants the Company three nonexclusive licenses (“EWSI License”) to use EWSI’s brand name, logo, intellectual property and certain business process knowledge. The Company paid $800,000 in the form of preferred convertible stock. This license and investment in electronic waste (eWaste) is complementary to the Company other technology assets in the environmental industry. Total revenue and general and administrative expenses are further itemized in Note 6 and 7. 2. Summary of Significant Accounting Policies
Method of