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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Clean Coal Technologies Inc (PK) | USOTC:CCTC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.2568 | 0.2057 | 0.40 | 0.00 | 01:00:00 |
NEVADA
|
26-1079442
|
(State or other jurisdiction of
|
(I.R.S. Employer
|
incorporation or organization)
|
Identification No.)
|
295 Madison Avenue (12th Floor), New York, NY
|
10017
|
(Address of principal executive offices)
|
(Zip Code)
|
Title of each class
|
Name of each exchange on which registered
|
None
|
N/A
|
Title of class
|
Common Stock
|
Large accelerated filer
☐
|
Accelerated filer
☐
|
Non-accelerated filer
☐
|
Smaller reporting company
☒
|
Emerging growth company ☐ |
|
|
Page
|
PART I
|
|
|
|
|
|
ITEM 1.
|
1
|
|
ITEM 1A.
|
9
|
|
ITEM 1B.
|
12
|
|
ITEM 2.
|
12
|
|
ITEM 3.
|
12
|
|
|
|
|
PART II
|
|
|
|
|
|
ITEM 5.
|
13
|
|
ITEM 6.
|
13
|
|
ITEM 7.
|
14
|
|
ITEM 7A.
|
16
|
|
ITEM 8.
|
17
|
|
ITEM 9.
|
35
|
|
ITEM 9A.
|
35
|
|
|
|
|
PART III
|
|
|
|
|
|
ITEM 10.
|
36
|
|
ITEM 11.
|
39
|
|
ITEM 12.
|
42
|
|
ITEM 13.
|
42
|
|
ITEM 14.
|
43
|
|
|
|
|
PART IV
|
|
|
|
|
|
ITEM 15.
|
44
|
• |
Reduction of undesired emissions and greenhouse gases through the removal of compounds that are not required for combustion in conventional boilers.
|
• |
Cost savings and environmental impact reduction. Our pre-combustion solution is expected to be significantly less expensive than post-combustion solutions such as emissions scrubbers. Not only are the latter prohibitively expensive, they produce coal ash containing the “scrubbed” compounds, which is dumped in toxic waste disposal sites where it may pose continuing environmental risk. Coal treated using our processes may eliminate the need for post-combustion emissions scrubbers and the resulting toxic ash.
|
• |
Potential use of compounds removed from treated coal. Volatile matter captured in the Pristine process is removed in the form of hydrocarbon liquids that we believe will be easily blended with crude oil or used as feedstock for various products. For example, sulfur, which can be removed using the Pristine process, is a basic feedstock for fertilizer. The harvesting of hydrocarbon liquids from abundant, cheaper coal is a potentially lucrative side benefit of our processes.
|
• |
Energy Independence. To the extent that volatile matter is removed from coal, coal’s use as an energy resource is greatly improved, enabling the United States and other coal-rich countries to move towards energy independence owing to coal’s greater abundance.
|
• |
Wyoming New Power, a related party company, has agreed to sign a two million ton per annum license agreement to use Pristine M at a location in Wyoming. They have paid a non-refundable $100,000 deposit on the license agreement. The definitive license agreement is expected to be signed within 30 days of their receipt of a commercial design that they are working on with their EPC contractor. The agreement is expected to be completed in Q2 – Q3 2018. Wyoming New Power is a Related Party because it is controlled by a party that also controls the entity, which is the major lender and significant stockholder of the Company.
|
• |
Jindal Steel & Power is expected to contract a commercial plant in Q2-Q3, 2018. Jindal is expected to send coal to be processed through our test facility immediately following its reassembly. The bespoke commercial facility design is expected after the testing.
|
• |
The Company entered into a partnership with the University of Wyoming with the sole focus of using our suite of technologies to increase the use of and value of Wyoming Powder River Basin coal. Primary focus is on utilizing our technology to extract valuable derivative products from coal.
|
• |
The Company has been engaged with AusTrade (The Australian Trade and Investment Commission) and through that relationship has partnered with three separate universities in Australia. Like the University of Wyoming these Universities have a focus on their local coal both from a beneficiation perspective and also extracting derivative by products from coal using our technology.
|
• |
The Company has engaged in discussions and met with the Minister for Coal in India and a number of the Energy governmental bodies in India in December 2017. As at March 2018 they are performing due diligence on our technology.
|
• |
The company has met with a number of the senior management of some of the largest Energy companies in India in December 2017. As at March 2018 we continue to advance commercial terms with these parties. Upon completion of the reassembly of the test facility in Wyoming arrangements are being made for these companies to send 500 tons of their coal to the facility for testing. This is expected in Q2 – Q3 2018.
|
• |
Discussions continue with the US DOE and Capitol Hill to further our technology to benefit US coal.
|
CANA - (Canada)
|
2,912,824
|
05/30/2014
|
|
F - (Pending)
|
CHIN - (China P.R.)
|
201480030985.0
|
05/30/2014
|
|
F - (Pending)
|
COLO - (Colombia)
|
15-304594
|
05/30/2014
|
|
F - (Pending)
|
EPC - (European Patent Convention)
|
14803703.9
|
05/30/2014
|
|
F - (Pending)
|
HONG - (Hong Kong)
|
16112584.9
|
11/02/2016
|
|
F - (Pending)
|
INDI - (India)
|
11109/DELNP/2015
|
05/30/2014
|
|
F - (Pending)
|
INDO - (Indonesia)
|
P00201508659
|
05/30/2014
|
|
F - (Pending)
|
JAPA - (Japan)
|
2016-517043
|
05/30/2014
|
|
F - (Pending)
|
NEWZ - (New Zealand)
|
714208
|
05/30/2014
|
|
F - (Pending)
|
RUSS - (Russian Federation)
|
2015155730
|
05/30/2014
|
|
F - (Pending)
|
SAFR - (South Africa)
|
2015/08515
|
05/30/2014
|
|
F - (Pending)
|
KORS - (Republic of Korea)
|
10-2015-7037018
|
05/30/2014
|
|
F - (Pending)
|
CHIN - (China P.R.)
|
201610015312.9
|
01/11/2016
|
|
F - (Pending)
|
INDI - (India)
|
201618002729
|
01/25/2016
|
|
F - (Pending)
|
USA - (United States)
|
15/297,210
|
10/19/2016
|
|
F - (Pending)
|
HONG - (Hong Kong)
|
16113567.8
|
11/29/2016
|
|
F - (Pending)
|
• |
subsequently discovered prior art;
|
• |
lack of entitlement to the priority of an earlier, related application; or
|
• |
failure to comply with the written description, best mode, enablement or other applicable requirements.
|
- |
limited pricing information;
|
- |
changes in the price differential between low- and high-BTU coal;
|
- |
unknown costs and methods of transportation to bring processed coal to market;
|
- |
alternative fuel supplies available at a lower price;
|
- |
the cost and availability of emissions-reducing equipment or competing technologies; failure of governments to implement and enforce new environmental standards; and
|
- |
a decline in energy prices which could make processed coal less price competitive.
|
- |
the complex, lengthy and costly regulatory permit and approval process;
|
- |
potential local opposition to development of projects, which can increase cost and delay timelines;
|
- |
increases in construction costs such as for contractors, workers and raw materials; - transportation costs and availability of transportation;
|
- |
the inability to acquire adequate amounts of low rank feedstock coal at forecasted prices to meet projected goals;
|
- |
availability of suitable consumers of chemical by-product produced by our process;
|
- |
engineering, operational and technical difficulties; and - possible price fluctuations of low-Btu coal which could impact profitability.
|
Quarter Ended
|
Low
|
High
|
||||||
31-Dec-17
|
$
|
0.08
|
$
|
0.13
|
||||
30-Sep-17
|
$
|
0.08
|
$
|
0.13
|
||||
30-Jun-17
|
$
|
0.08
|
$
|
0.15
|
||||
31-Mar-17
|
$
|
0.09
|
$
|
0.19
|
||||
31-Dec-16
|
$
|
0.09
|
$
|
0.30
|
||||
30-Sep-16
|
$
|
0.09
|
$
|
0.35
|
||||
30-Jun-16
|
$
|
0.24
|
$
|
0.55
|
||||
31-Mar-16
|
$
|
0.28
|
$
|
0.73
|
• |
Consulting expenses, which consist primarily of amounts paid for technology development and design and engineering services;
|
• |
General and administrative expenses, which consist primarily of salaries, commissions and related benefits paid to our employees, as well as office and travel expenses;
|
• |
Research and development expenses, which consist primarily of equipment and materials used in the development and testing of our technology; and
|
• |
Legal and professional expenses, which consist primarily of amounts paid for audit, disclosure and reporting services.
|
PAGE
|
|
18
|
|
19
|
|
20
|
|
21
|
|
22
|
|
24
|
|
Years Ended
|
|||||||
|
December 31,
|
|||||||
|
2017
|
2016
|
||||||
|
||||||||
Operating Expenses:
|
||||||||
General and administrative
|
$
|
2,004,082
|
$
|
4,590,720
|
||||
Consulting services
|
21,326
|
4,414,800
|
||||||
Gain on settlement of accounts payable
|
(529,132
|
)
|
-
|
|||||
Research and development
|
2,197,437
|
1,674,823
|
||||||
|
||||||||
Loss from Operations
|
(3,693,713
|
)
|
(10,680,343
|
)
|
||||
|
||||||||
Other Income (Expenses):
|
||||||||
|
||||||||
Gain on change in fair value of derivative liabilities
|
4,620,866
|
51,985,777
|
||||||
Loss on extinguishment of debt
|
(27,430
|
)
|
(19,371
|
)
|
||||
Interest expense
|
(2,487,226
|
)
|
(2,640,605
|
)
|
||||
Debt default, standstill, settlement and transfer expenses
|
(226,249
|
)
|
(2,089,433
|
)
|
||||
Total Other Income (Expenses)
|
1,879,961
|
47,236,368
|
)
|
|||||
|
||||||||
Net income (loss)
|
$
|
(1,813,752
|
)
|
$
|
36,556,025
|
)
|
||
|
||||||||
Net income (loss) per share - basic
|
$
|
(0.01
|
)
|
$
|
0.47
|
|||
|
||||||||
Weighted average common shares outstanding - basic
|
130,511,894
|
78,163,516
|
||||||
|
||||||||
Net loss per share – diluted
|
$
|
(0.02
|
)
|
$
|
(0.09
|
)
|
||
|
||||||||
Weighted average common shares outstanding – diluted
|
235,437,542
|
185,473,774
|
|
Additional
|
Stockholders’
|
||||||||||||||||||
|
Common Stock
|
Paid-In
|
Accumulated
|
Equity
|
||||||||||||||||
|
Shares
|
Amount
|
Capital
|
Deficit
|
(Deficit)
|
|||||||||||||||
Balances at December 31, 2015
|
60,577,714
|
$
|
606
|
$
|
222,260,166
|
$
|
(303,154,237
|
)
|
$
|
(80,893,465
|
)
|
|||||||||
Common stock issued for services
|
18,614,206
|
186
|
7,756,000
|
-
|
7,756,186
|
|||||||||||||||
Common stock issued for conversion of debt and interest
|
18,018,838
|
180
|
1,287,793
|
-
|
1,287,973
|
|||||||||||||||
Common stock issued for conversion of wages payable
|
800,000
|
8
|
499,992
|
-
|
500,000
|
|||||||||||||||
Common stock issued for debt standstill
|
750,000
|
8
|
94,992
|
-
|
95,000
|
|||||||||||||||
Common stock issued with debt modification and settlement
|
2,741,937
|
27
|
1,563,652
|
-
|
1,563,679
|
|||||||||||||||
Cancellation of shares
|
(434,244
|
)
|
(4
|
)
|
4
|
-
|
-
|
|||||||||||||
Derivative liabilities settled to equity
|
-
|
-
|
2,239,513
|
-
|
2,239,513
|
|||||||||||||||
Net income
|
-
|
-
|
-
|
36,556,025
|
36,556,025
|
|||||||||||||||
Balances at December 31, 2016
|
101,068,451
|
1,011
|
235,702,112
|
(266,598,212
|
)
|
(30,895,089
|
)
|
|||||||||||||
Common stock issued for services
|
1,000,000
|
10
|
127,390
|
-
|
127,400
|
|||||||||||||||
Common stock issued for conversion of debt and interest
|
36,403,968
|
362
|
2,496,324
|
-
|
2,496,686
|
|||||||||||||||
Common stock issued for conversion of wages payable
|
8,000,000
|
80
|
999,920
|
-
|
1,000,000
|
|||||||||||||||
Common stock issued for related party debt
|
1,000,000
|
10
|
127,390
|
127,400
|
||||||||||||||||
Common stock issued for officer bonus
|
1,500,000
|
16
|
194,684
|
194,700
|
||||||||||||||||
Reclassification of derivative to equity upon conversion
|
-
|
-
|
1,655,656
|
-
|
1,655,656
|
|||||||||||||||
Derivative liabilities settled to equity
|
-
|
-
|
12,847,304
|
12,847,304
|
||||||||||||||||
Beneficial conversion feature on convertible debt
|
-
|
-
|
1,170,918
|
-
|
1,170,918
|
|||||||||||||||
Net loss
|
(1,813,752
|
)
|
(1,813,752
|
)
|
||||||||||||||||
Balances at December 31, 2017
|
148,972,419
|
$
|
1,489
|
$
|
255,321,698
|
$
|
(268,411,964
|
)
|
$
|
(13,088,777
|
)
|
|
Years Ended
|
|||||||
|
December 31,
|
|||||||
|
2017
|
2016
|
||||||
CASH FLOWS FROM OPERATING ACTIVITIES:
|
||||||||
Net income (loss)
|
$
|
(1,813,752
|
)
|
$
|
36,556,025
|
|||
Adjustment to reconcile net income (loss) to net cash used in operating activities:
|
||||||||
Amortization of debt discounts
|
1,324,265
|
1,776,565
|
||||||
Common stock issued for standstill fees
|
-
|
1,537,308
|
||||||
Common stock issued for services
|
-
|
7,140,115
|
||||||
Common stock issued for debt transfer fees
|
127,400
|
-
|
||||||
Stock-based compensation
|
194,700
|
616,071
|
||||||
Loan default and standstill fees added to loan principal
|
98,849
|
604,688
|
||||||
Gain on settlement of accounts payable
|
(529,132
|
)
|
-
|
|||||
Loss on extinguishment of debt
|
27,430
|
19,371
|
||||||
Gain on change in fair value of derivative liabilities
|
(4,620,866
|
)
|
(51,985,777
|
)
|
||||
Changes in operating assets and liabilities:
|
||||||||
Accounts payable
|
840,896
|
671,019
|
||||||
Customer deposits from related party
|
100,000
|
-
|
||||||
Accrued expenses
|
1,267,939
|
741,486
|
||||||
Net Cash Used in Operating Activities
|
(2,982,271
|
)
|
(2,323,129
|
)
|
||||
|
||||||||
CASH FLOWS FROM FINANCING ACTIVITIES:
|
||||||||
Borrowings on debt
|
-
|
150,000
|
||||||
Borrowings on related party convertible debt, net of face discounts and lender fees
|
2,836,680
|
3,038,101
|
||||||
Payments on convertible debt
|
(25,000
|
)
|
(905,644
|
) | ||||
Borrowings on related party debt
|
130,010
|
37,500
|
||||||
Payments on related party debt
|
(48,090
|
)
|
(19,450
|
)
|
||||
Net Cash Provided by Financing Activities
|
2,893,600
|
2,300,507
|
||||||
|
||||||||
NET CHANGE IN CASH AND CASH EQUIVALENTS
|
(88,671
|
)
|
(22,622
|
)
|
||||
CASH AND CASH EQUIVALENTS - beginning of period
|
100,444
|
123,066
|
||||||
CASH AND CASH EQUIVALENTS - end of period
|
$
|
11,773
|
$
|
100,444
|
|
Years Ended
|
|||||||
|
December 31,
|
|||||||
|
2017
|
2016
|
||||||
|
||||||||
SUPPLEMENTAL DISCLOSURES:
|
||||||||
Cash paid for interest
|
$
|
-
|
$
|
37,499
|
||||
Cash paid for income taxes
|
$
|
-
|
$
|
-
|
||||
|
||||||||
NON-CASH INVESTING AND FINANCING ACTIVITIES:
|
||||||||
Beneficial conversion feature on convertible debt – related party
|
$
|
1,170,918
|
$
|
-
|
||||
Derivative liabilities recorded as debt discounts
|
$
|
1,095,215
|
$
|
2,249,583
|
||||
Common stock issued for conversion of debt and accrued interest– related party
|
$
|
1,705,679
|
$
|
1,287,973
|
||||
Common stock issued for conversion of debt and accrued interest
|
$
|
791,007
|
||||||
Common stock issued for related party note payable
|
$
|
99,970
|
$
|
-
|
||||
Third party convertible debt assigned to related party
|
$
|
907,100
|
$
|
-
|
||||
Reclassification of derivatives to equity upon conversion
|
$
|
1,655,656
|
$
|
-
|
||||
Reclassification of derivatives to equity upon release from tainting
|
$
|
12,847,304
|
$
|
2,239,513
|
||||
Accrued wages and debt converted to common stock
|
$
|
1,000,000
|
$
|
500,000
|
||||
Accrued interest transferred to debt
|
$
|
-
|
$
|
75,000
|
||||
Accrued cash structuring fees
|
$
|
124,760
|
$
|
60,680
|
||||
Common shares cancelled and reissued to third party
|
$
|
-
|
$
|
4
|
2017
|
2016
|
|||||||
Basic Net (Loss) Income Per Share:
|
||||||||
Numerator:
|
||||||||
Net (loss) income
|
$
|
(1,813,752
|
)
|
$
|
36,556,025
|
|||
Denominator:
|
||||||||
Weighted-average common shares outstanding
|
130,511,894
|
78,163,516
|
||||||
Basic net (loss) income per share
|
$
|
(0.01
|
)
|
$
|
0.47
|
|||
Diluted Net Loss Per Share:
|
||||||||
Numerator:
|
||||||||
Net (loss) income
|
$
|
(1,813,752
|
)
|
$
|
36,556,025
|
|||
Gains on fair value and interest expense on convertible debt
|
(2,133,640
|
)
|
(52,677,683
|
)
|
||||
Diluted net loss
|
$
|
(3,947,392
|
)
|
$
|
(16,121,658
|
)
|
||
Denominator:
|
||||||||
Weighted-average common shares outstanding
|
130,511,894
|
78,163,516
|
||||||
Common stock warrants
|
-
|
27,713,996
|
||||||
Convertible debt
|
104,925,648
|
79,596,262
|
||||||
Weighted average shares used in computing diluted net loss per share
|
235,437,542
|
185,473,774
|
||||||
Diluted net loss per share
|
$
|
(0.02
|
)
|
$
|
(0.09
|
)
|
2017
|
2016
|
|||||||
Common stock warrants
|
7,871,555
|
-
|
|
2017
|
2016
|
||||||
Deferred tax assets:
|
||||||||
Net operating loss carryforward
|
$
|
6,692,117
|
$
|
5,871,456
|
||||
Valuation allowance
|
(6,692,117
|
) |
(5,871,456
|
)
|
||||
|
$
|
-
|
$
|
-
|
|
2017
|
2016
|
||||||
Pre-tax book income (loss)
|
$
|
(380,888
|
)
|
$
|
7,676,765
|
|||
Meals and entertainment
|
1,576
|
735
|
||||||
Common stock, options and warrants issued for services and debt discount
|
250,887
|
1,733,799
|
||||||
Debt discount amortization
|
278,145
|
362,428
|
||||||
Gain (loss) on derivative liability
|
(970,382
|
)
|
(10,917,013
|
)
|
||||
Valuation allowance
|
820,662
|
1,143,286
|
||||||
|
$
|
-
|
$
|
-
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
December 31, 2017
|
$
|
$
|
$
|
$
|
||||||||||||
Liabilities:
|
||||||||||||||||
Derivative financial instruments
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
December 31, 2016
|
$
|
$
|
$
|
$
|
||||||||||||
Liabilities:
|
||||||||||||||||
Derivative financial instruments
|
$
|
-
|
$
|
-
|
$
|
18,028,611
|
$
|
18,028,611
|
|
December 31,
|
|||||||
Name
|
2017
|
2016
|
||||||
Convertible Debt:
|
||||||||
|
||||||||
Convertible notes payable, interest at 12%, convertible at $0.08 per share, unsecured, due November 25, 2018
|
$
|
2,987,473
|
$
|
3,741,473
|
||||
Convertible note payable, interest at 12%, convertible at $0.12 per share, unsecured, due between November 25, 2018 and February 1, 2019
|
1,630,073
|
1,630,073
|
||||||
Convertible notes payable, interest at 12%, convertible at $0.15 per share, unsecured, due between November 25, 2018 and March 31, 2020
|
1,799,742
|
1,577,742
|
||||||
Convertible notes payable, interest at 12%, convertible at $0.06 per share, unsecured, due between April 20, 2020 and December 27, 2020
|
2,520,000
|
-
|
||||||
Total
|
8,937,288
|
6,949,288
|
||||||
Less: short-term debt
|
(4,861,655
|
)
|
-
|
|||||
Total long-term debt
|
4,075,633
|
6,949,288
|
||||||
Less: Long-term unamortized discounts
|
(2,582,075
|
)
|
(1,776,912
|
)
|
||||
Net long-term debt
|
$
|
1,493,588
|
$
|
5,172,376
|
||||
|
||||||||
Nonconvertible Debt:
|
||||||||
Notes payable, no interest, unsecured, due upon demand
|
$
|
50,000
|
$
|
68,050
|
||||
Total
|
$
|
50,000
|
$
|
68,050
|
2018
|
$
|
5,324,840
|
||
2019
|
1,333,633
|
|||
2020
|
2,742,000
|
|||
2021
|
-
|
|||
2022
|
-
|
|||
Thereafter
|
-
|
|||
Total
|
$
|
9,400,473
|
|
2017
|
2016
|
||||||
Expected dividends
|
-
|
%
|
-
|
%
|
||||
Expected term (years)
|
0.25 – 5.00
|
0.17 – 5.00
|
||||||
Volatility
|
48% - 353
|
%
|
79% - 272
|
%
|
||||
Risk-free rate
|
0.50% - 1.93
|
%
|
0.16% - 1.57
|
%
|
Fair value as of December 31, 2015
|
$
|
70,004,318
|
||
Fair value on the date of issuance recorded as debt discounts
|
2,249,583
|
|||
Fair value on the date of issuance recognized as loss on derivatives
|
3,223,499
|
|||
Resolution of derivatives
|
(2,239,513
|
)
|
||
Gain on change in fair value of derivatives
|
(55,209,276
|
)
|
||
Fair value as of December 31, 2016
|
18,028,611
|
|||
Fair value on the date of issuance recorded as debt discounts
|
1,095,215
|
|||
Extinguishment of liability to equity due to conversions
|
(1,655,656
|
)
|
||
Extinguishment of liability to equity due to release from ASC 815
|
(12,847,304
|
)
|
||
Gain on change in fair value of derivatives
|
(4,620,866
|
)
|
||
Fair value as of December 31, 2017
|
$
|
-
|
|
Weighted
|
|||||||
|
Average
|
|||||||
|
Options
|
Exercise Price
|
||||||
Outstanding - December 31, 2015
|
714,286
|
$
|
4.68
|
|||||
Granted
|
-
|
-
|
||||||
Forfeited/canceled
|
28,573
|
8.40
|
||||||
Exercised
|
-
|
-
|
||||||
Outstanding - December 31, 2016
|
685,713
|
$
|
4.52
|
|||||
Granted
|
-
|
-
|
||||||
Forfeited/canceled/expired
|
-
|
-
|
||||||
Exercised
|
-
|
-
|
||||||
Outstanding - December 31, 2017
|
685,713
|
$
|
4.52
|
|||||
|
||||||||
Exercisable – December 31, 2016
|
685,713
|
$
|
4.52
|
|||||
Exercisable – December 31, 2017
|
685,713
|
$
|
4.52
|
|
Weighted
|
|||||||
|
Average
|
|||||||
|
Warrants
|
Exercise Price
|
||||||
Outstanding - December 31, 2015
|
6,889,891
|
$
|
0.43
|
|||||
Granted
|
424,532
|
0.14
|
||||||
Exercised
|
-
|
-
|
||||||
Outstanding - December 31, 2016
|
7,314,423
|
0.41
|
||||||
Granted
|
67,340
|
0.15
|
||||||
Expired
|
(38,571
|
)
|
1.75
|
|||||
Outstanding – December 31, 2017
|
7,343,192
|
0.08
|
||||||
|
||||||||
Exercisable – December 31, 2016
|
7,314,423
|
$
|
0.41
|
|||||
Exercisable – December 31, 2017
|
7,343,192
|
$
|
0.08
|
- |
a documented organizational structure and division of responsibility;
|
- |
established policies and procedures to foster a strong ethical climate which is communicated throughout the Company;
|
- |
regular reviews of our consolidated financial statements by qualified individuals; and
|
- |
the careful selection, training and development of our employees and personnel.
|
Name
|
|
Age
|
|
Position
|
|
Held Since
|
Robin T. Eves
|
|
67
|
|
CEO, President, Director
|
|
August 2010
|
Thomas Shreve
|
|
66
|
|
Director
|
|
November 2015
|
Edward Jennings
|
|
78
|
|
Chairman of the Board
|
|
September 2007
|
Scott Younger
|
|
75
|
|
Director
|
|
November 2013
|
Aiden Neary
|
|
46
|
|
COO, CFO, Director
|
|
February 2016
|
Officers Name &
Principal Position
|
Year
|
Salary
($)
|
Bonus
($)
|
Stock
($)
|
Option Awards
($)
|
All Other
Compensation ($)
|
Total
($)
|
|||||||||||||||||||
Robin Eves, Pres and CEO (1)
|
2017
|
507,350
|
100,612
|
-
|
-
|
-
|
607,962
|
|||||||||||||||||||
2016
|
495,000
|
250,000
|
-
|
-
|
-
|
745,000
|
||||||||||||||||||||
|
|
|||||||||||||||||||||||||
Aiden Neary, COO/CFO
|
2017
|
412,500
|
100,612
|
513,112
|
||||||||||||||||||||||
2016
|
375,000
|
250,000
|
625,000
|
|
Option Awards
|
Stock Awards
|
|||||||||||||||||||
Name
|
Number of
Securities
Underlying
Unexercised
Options
Exercisable
(#)
|
Number of
Securities
Underlying
Unexercised
Options
Unexercisable
(#)
|
Option
Exercise
Price
($)
|
Option
Expiration
Date
|
Number of
Shares or
Units of
Stock That
Have Not
Vested
(#)
|
Market Value
of Shares
or Units
of Stock
That Have
Not Vested
($)
|
|||||||||||||||
Robin Eves
|
|
285,714
|
$
|
1.05
|
8/1/2020
|
Name
|
Year
|
Fees Earned or
Paid in Cash
($)
|
Stock Awards
($)
|
Option Awards
($)
|
Non-Equity
Incentive Plan
Compensation
($)
|
Non Qualified
Deferred
Compensation
Earnings
|
All Other
Compensation
($)
|
Total
($)
|
||||||||||||||||||||||
Robin Eves
|
2017
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
||||||||||||||||||||||
Aiden Neary
|
2017
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
||||||||||||||||||||||
Ed Jennings
|
2017
|
-
|
-
|
-
|
-
|
-
|
||||||||||||||||||||||||
Scott Younger(1)
|
2017
|
25,000
|
-
|
-
|
-
|
-
|
-
|
25,000
|
||||||||||||||||||||||
Thomas Shreve(2)
|
2017
|
25,000
|
25,000
|
(1) |
Mr. Younger’s directors fees have been accrued
|
(2) |
Mr. Shreve directors fees of $25,000 was accrued in 2017
|
Officers and Directors
|
Amount and Nature of
Beneficial Ownership(1)
|
Percent of Class
|
||||||
|
||||||||
Robin Eves, President, CEO, Director
|
14,660,271
|
9.8
|
%
|
|||||
Aiden Neary, COO/CFO
|
18,135,557
|
12.1
|
%
|
|||||
Thomas Shreve, Director
|
100,000
|
0
|
%
|
|||||
Edward Jennings, Director
|
82,793
|
0
|
%
|
|||||
Scott Younger, Director
|
372,858
|
0
|
%
|
|||||
All directors and officers as a group (5 persons)
|
33,351,479
|
22.3
|
%
|
|
2017
|
2016
|
||||||
(1) Audit Fees
|
$
|
51,000
|
$
|
45,500
|
||||
(2) Tax Fees
|
$
|
-
|
$
|
-
|
||||
(3) Other Fees
|
$
|
-
|
$
|
-
|
3.1(1) | |
3.2(2) | |
4.1(3)
|
|
14(4) | |
31.1 | Certification of Chief Executive Officer in accordance with 18 U.S.C. Section 1350 |
31.2 | |
32.1 | Certification of Chief Executive Officer in accordance with 18 U.S.C. Section 1350 |
32.2 | Certification of Chief Financial Officer in accordance with 18 U.S.C. Section 1350 |
101.INS |
XBRL Instance Document
|
101.SCH | XBRL Taxonomy Extension Schema Document |
101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document |
101.DEF |
XBRL Taxonomy Extension Definition Linkbase Document
|
101.LAB |
XBRL Taxonomy Extension Label Linkbase Document
|
101.PRE |
XBRL Taxonomy Extension Presentation Linkbase Document
|
|
|
/s/Robin Eves
|
|
Dated: March 16, 2018
|
|
Robin Eves
CEO, President, Principal Executive Officer
|
|
|
|
|
|
|
|
|
|
Dated: March 16, 2018
|
|
/s/Aiden Neary
|
|
|
|
Aiden Neary
CFO, Principal Financial Officer
|
/s/Robin Eves
|
|
/s/Scott Younger
|
|
Robin Eves, CEO, President and Director
|
|
Scott Younger, Director
|
|
|
|
|
|
/s/Edward Jennings
|
|
/s/Thomas Shreve
|
|
Edward Jennings, Director
|
|
Thomas Shreve, Director
|
|
|
|
|
|
/s/Aiden Neary
|
|
|
|
Aiden Neary, COO, CFO and Director
|
|
|
|
1 Year Clean Coal Technologies (PK) Chart |
1 Month Clean Coal Technologies (PK) Chart |
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