Quarterly report pursuant to Section 13 or 15(d)

Research Grant North Dakota

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Research Grant North Dakota
6 Months Ended
Jun. 30, 2017
Research and Development [Abstract]  
Research Grant North Dakota
Note 7 – Research Grant North Dakota
   
The North Dakota Center of Excellence Commission awarded a funding request for Research North Dakota (“RND”) grant to NDSU Chemistry and Biochemistry in partnership with the Company. RND promotes the development and commercialization of products and processes through industry/university research partnerships. RND provides matching funds to help companies pay for the university research. The $150,000 matching grant is effective April 1, 2017 and expires on March 31, 2018. The Company shall provide for a match to State dollars of at least $1:$1. The match can be in the form of contribution directly to NDSU or cash expended by the Company on valid cost incurred in support of the project. The purpose of the grant is to improve the yield and purity of the key ingredients required for an economical synthesis of CHS, an ingredient for making a variety of commercially important silicon based materials and materials for lightweight batteries and lightweight solar cells. There were no expenditures under the grant for the three months and six months periods ended June 30, 2017.