Quarterly report pursuant to Section 13 or 15(d)

DISTRIBUTION AGREEMENT WITH A RELATED ENTITY

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DISTRIBUTION AGREEMENT WITH A RELATED ENTITY
3 Months Ended
Mar. 31, 2017
Distribution Agreement With Related Entity  
DISTRIBUTION AGREEMENT WITH A RELATED ENTITY

NOTE 7– DISTRIBUTION AGREEMENT WITH A RELATED ENTITY

 

On March 1, 2014, the Company entered into a subcontractor installer agreement with Smartgen Solutions, Inc. (“Smartgen”), a related entity that is engaged in business of equipment rental and provider of maintenance, repair and installation services to mobile telecommunications towers in California. Under the terms of the agreement, Smartgen has been appointed as a non-exclusive, authorized service provider for the installation, repair and service of the Company’s products in Southern California. The agreement has a term of three years from the date of execution and automatically renews for additional one year periods if not terminated.

 

During the three months ended March 31, 2017 and 2016, Smartgen performed $70,647 and $11,933 in field services, respectively.

 

During the three months ended March 31, 2017, Smartgen purchased $960 in goods, parts and services from the Company. Smartgen made no purchases from the Company in the three months ended March 31, 2016.