UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED ~~DECEMBER~~JUNE 3130, ~~2013~~2014

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM _____________ TO _____________

Commission File Number: 000-54602

~~FIRST~~VOLT ~~POWER~~SOLAR ~~AND LIGHT~~SYSTEMS, INC.

(Exact name of registrant as specified in its charter)


Florida	20-3687391
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

401 East Fourth Street Building 6 Bridgeport, Pennsylvania	19405
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (610) 292-0909

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No x

Indicate by check mark whether the registrant is a large accelerated filer, and accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ¨ Accelerated filer ¨ Non-accelerated filer ¨ (Do not check if a Smaller Reporting Company) Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).~~Yes ¨ No x~~

~~As of February 18, 2014, there were 72,534,160 shares of the Issuer's common stock outstanding.~~ Yes ¨ No x

As of October 15, 2014 there were 86,486,925 shares of the Issuer's common stock outstanding.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Item 3. Quantitative and Qualitative Disclosures about Market Risk

2827

Item 4. Controls and Procedures

PART II - OTHER INFORMATION

2928

Item 1. Legal Proceedings

2928

Item 1A. Risk Factors

2928

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

2928

Item 3. Defaults Upon Senior Securities

3029

Item 4. Mine Safety Disclosures

3029

Item 5.Other Information.

Item 6. Exhibits

3130

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

First Power & Light, Inc. f/k/a Mainstream Entertainment, Inc. (A Development Stage Company) Balance Sheets As of December 31, 2013 and September 30, 2013
Volt Solar Systems, Inc. f/k/a First Power & Light, Inc. f/k/a Mainstream Entertainment, Inc. Balance Sheets As of June 30, 2014 and September 30, 2013
		December 31, 2013		September 30, 2013
		June 30, 2014		September 30, 2013
ASSETS:		(unaudited)
Current assets:
Cash	$	1514,065	$	15
Total current assets		1514,065		15
TOTAL ASSETS		1514,065		15
LIABILITIES AND STOCKHOLDERS' DEFICIT:
Current liabilities:
Accounts payable and accrued liabilities		3736,~~981~~170		46,740
Accrued interest		1321,~~827~~688		8,018
Guaranteed liability, net of discount of $0 and $12,547, respectively		---		50,406
Convertible notes payable, net of discount of $218,116 and $286,598, respectively		112,884		44,402
Convertible notes payable, net of discount of $42,352 and $286,598, respectively		233,548		44,402
Derivative liability		~~533~~400,~~769~~221		776,924
Notes payable – related party		~~108~~160,~~051~~579		90,358
Total Current Liabilities		~~806~~852,~~512~~206		1,016,848
TOTAL LIABILITIES		~~806~~852,~~512~~206		1,016,848
Stockholders' Deficit:
Common Stock, $.001 par value; 100,000,000 shares authorized, 72,534,160 and 69,684,160, respectively Shares issued and outstanding		72,534		69,684
Common Stock, $.001 par value; 100,000,000 shares authorized, 86,686,925 and 69,684,160, respectively Shares issued and outstanding		86,687		69,684
Additional paid in capital		5,~~154~~508,~~967~~501		4,710,519
Subscriptions receivable		(660,000)		(~~600~~660,000)
Common stock payable		73129,~~418~~600		9,600
Deficit accumulated during the development stage		(5,447,416)		(5,146,636)
Accumulated deficit		(5,902,929)		(5,146,636)
Total stockholders' deficit		(~~806~~838,~~497~~141)		(1,016,833)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	1514,065	$	15

The accompanying notes are an integral part of these financial statements.

First Power & Light, Inc. f/k/a Mainstream Entertainment, Inc. (A Development Stage Company) Statements of Operations For the Three Months ended December 31, 2013 and 2012, and the period from October 7, 2005 (Inception) through December 31, 2013 (unaudited)
Volt Solar Systems, Inc. f/k/a First Power & Light, Inc. f/k/a Mainstream Entertainment, Inc. Statements of Operations For the Three and Nine Months ended June 30, 2014 and 2013 (unaudited)
			Three Months Ended December 31,					October 7, 2005 (Inception) Through December 31,
		Three Months Ended June 30,					Nine Months Ended June 30,
			2013			2012 (restated)		2013
		2014			2013			2014			2013
Operating Expenses:
					(restated)						(restated)
General and administrative expenses		$	8,934		$	40,981		$	699,016
Operating Expenses:
Guarantee expense			---			---			160,475
General and administrative expenses	$	15,708		$	66,662		$	116,325		$	313,721
Depreciation expense			---			---			2,210
Guarantee expense		---			---			---			130,411
Stock compensation expense			386,800			---			1,393,450
Compensation expense		66,200			588,000			453,000			804,000
Total operating expenses		81,908	~~395,734~~		654,662	~~40,981~~		569,325	~~2,255,151~~		1,248,132
Operating Gain (Loss)		(81,908)	~~(395,734)~~		(654,662)	~~(40,981)~~		(569,325)	~~(2,255,151)~~		(1,248,132)
Other Income (Expense):
Loss on forgiveness of debt		---	~~---~~		---	~~---~~		---	~~(1,917,870)~~		(1,917,870)
Change in derivative			182,657			---		(482,375)
Loss on debt conversion		(30,946)			---			(30,946)			---
Interest income			---			---			98
Change in derivative		5,501			(30,665)			201,760			(388,677)
Interest expense			(87,703)			(5,163)			(377,797)
Interest income		---			64			---			64
Penalties			---			---			(600)
Interest expense		(124,255)			(7,070)			(357,782)			(96,114)
Total other income (expense)			94,954			(5,163)			(2,778,554)
Penalties		---			---			---			---
Net loss from continuing operations			(300,780)			(46,144)			(5,033,695)
Total other (expense)		(149,700)			(37,671)			(186,968)			(2,402,597)
Income (Loss) from discontinued operations			---			(1,166)			(413,721)
Net loss from continuing operations		(231,608)			(692,333)			(756,293)			(3,650,729)
Net income/(loss)		$	(300,780)		$	(47,310)		$	(5,447,416)
Net (loss)	$	(231,608)		$	(692,333)		$	(756,293)		$	(3,650,729)
Basic and diluted net income (loss) per common shares:
Net loss per Common Share - Basic and Diluted	$	(0.00)		$	(0.01)		$	(0.01)		$	(0.10)
Basic and diluted loss per share from continuing operations			(0.00)			(0.00)
Weighted Average Number of Shares Outstanding - Basic and Diluted		83,797,901			66,457,886			77,736,289			36,637,065
Basic and diluted loss per share from discontinued operations			0.00			0.00
Net loss per Common Share - Basic and Diluted		$	(0.00)		$	(0.00)
Per Share Information:
Weighted Average Number of Shares Outstanding - Basic and Diluted			66,655,000			53,051,870

The accompanying notes are an integral part of these financial statements.

First Power & Light, Inc. f/k/a Mainstream Entertainment, Inc. (A Development Stage Company) Statements of Cash Flows For the Three Months ended December 31, 2013 and 2012 and the period from October 7, 2005 (Inception) through December 31, 2013 (unaudited)
Volt Solar Systems, Inc. f/k/a First Power & Light, Inc. f/k/a Mainstream Entertainment, Inc. Statements of Cash Flows For the Nine Months ended June 30, 2014 and 2013 (unaudited)
	Three Months ended December 31,				October 7, 2005 (inception) to December 31,
	Nine Months ended June 30,
	2013		2012 (restated)		2013
	2014		2013
Cash Flows from Operating Activities:
			(restated)
Net loss	$	(300,780)	$	(47,310)	$	(5,447,416)
Cash Flows from Operating Activities:
Adjustments to reconcile net loss to cash used in operating activities:
Net loss	$	(756,293)	$	(3,650,729)
Depreciation		---		1,105		93,576
Adjustments to reconcile net loss to cash used in operating activities:
Imputed rent		---		100		1,802
Depreciation		---		2,210
Change in derivative		(182,657)		---		482,375
Imputed rent		---		300
Amortization of finance costs and debt discounts		81,029		---		273,295
Change in derivative		(201,760)		388,677
Loss on equipment		---		---		33,018
Amortization of finance costs and debt discounts		331,793		318,025
Loss on debt conversion		---		---		1,917,870
Loss on forgiveness of debt		---		1,917,870
Stock Compensation		386,800		---		1,393,450
Loss on conversion of debt		30,946
Forgiveness of accrued rent		---		---		(13,662)
Stock Compensation		453,000		804,000
Forgiveness of debt by third party		---		---		(1,215)
Bad Debt		---		61
Extraordinary gain on insurance claim		---		---		(13,437)
Changes in:
Impairment of fixed assets		---		---		86,850
Accounts receivable		---		(2,619)
Bad Debt		---		61		2,609
Prepaid expenses & other current assets		---		(64)
Changes in:
Guaranteed liability		---		160,411
Accounts receivable		---		---		(2,609)
Accounts payable & accrued expense		11,143		28,552
Deposits		---		---		(6,000)
Net Cash Flows Provided by (Used in) Operations		(131,171)		(33,306)
Prepaid expenses & other current assets		---		---		(3)
Cash Flows from Financing Activities:
Guaranteed liability		---		---		160,475
Cash borrowings from related parties		251,339		81,024
Accounts payable & accrued expense		(2,085)		22,739		182,551
Principal payments on related party debt		(181,118)		(122,137)
Net Cash Flows Provided by (Used in) Operations		(17,593)		(23,305)		(856,371)
Proceeds/(repayments) of loans and notes		75,000		61,500
Cash Flows from Investing Activities:
Common stock payable		---		12,478
Proceeds from sale of equipment		---		---		432
Net Cash Flows Provided by (Used in) Financing activities		145,221		32,865
Proceeds from insurance claim		---		---		166,701
Net Increase (Decrease) in Cash		14,050		(441)
Purchase of fixed assets		---		---		(17,982)
Cash and cash equivalents-Beginning of period		15		456
Issuance of advances and notes receivable		---		---		(100)
Cash and cash equivalents-End of period	$	14,065	$	15
Expenditures on construction in progress		---		---		(116,160)
SUPPLEMENTARY INFORMATION
Net Cash Flows Provided by (Used in) Investing activities		---		---		32,891
Interest Paid	$	---	$	---
Cash Flows from Financing Activities:
Income Taxes Paid	$	---	$	---
Cash borrowings from related parties		17,593		10,386		614,492
Non-cash transactions
Principal payments on related party debt		---		---		(212,321)
Discount on guaranteed liability		---		78,522
Proceeds from loans and notes		---		---		331,000
Debt extinguished for equity		201,096		249,341
Cash contributions from former parent company		---		---		45,824
Common stock payable		---		37,522
Issuance of common stock		---		12,478		50,000
Subscriptions receivable		---		660,000
Distributions to owners		---		---		(5,500)
Related party receivable exchanged for shareholder debt		---		---
Net Cash Flows Provided by (Used in) Financing activities		17,593		22,864		823,495
Discount on convertible notes		75,000		55,987
Net Increase (Decrease) in Cash		---		(441)		15
Adjustment of derivative due to settlement of debt		249,945		---
Cash and cash equivalents-Beginning of period		15		456		---
Cash and cash equivalents-End of period	$	15	$	15	$	15

The accompanying notes are an integral part of these financial statements.

First Power & Light, Inc. f/k/a Mainstream Entertainment, Inc. (A Development Stage Company) Statements of Cash Flows cont’d For the Three Months ended December 31, 2013 and 2012 and the period from October 7, 2005 (Inception) through December 31, 2013 (unaudited)
	Three Months ended December 31,				October 7, 2005 (inception) to December 31,
	2013		2012		2013
SUPPLEMENTARY INFORMATION
Interest Paid	$	---	$	491	$	31,885
Income Taxes Paid	$	---	$	---	$	---
Non-cash transactions
Sale of fixed assets paid directly to note holder	$	---	$	---	$	5,000
Equipment purchased by owners		---		---		162,998
Equipment purchased for notes payable		---		---		75,000
Issuance of shares from spin off from parent company		---		---		3,052
Debt extinguished for equity		63,818		---		459,366
Common stock payable		---		37,522		63,818
Common stock subscription		---		---		660,000
Related party receivable exchanged for shareholder debt		---		---		102
Discount on Convertible Note		---		---		412,029
Adjustment of derivative due to settlement of debt		60,498		---		60,498

Volt Solar Systems, Inc.

~~The~~Notes ~~accompanying~~to ~~notes~~Financial ~~are an integral part of these financial statements.~~Statements

First Power & Light, Inc. fka

Mainstream Entertainment, Inc.

(A Development Stage Company)

Notes to the Financial Statements

NOTE 1 – NATURE OF OPERATIONS

Volt Solar Systems, Inc. (f/k/a First Power & Light, Inc., (f/k/a Mainstream Entertainment, Inc.), (f/k/a Skreem Studios, Inc and Skreem Studios LLC) (the “Company”) was originally formed in Florida on October 7, 2005 as a limited liability company. The Company’s initial business was the operation of a recording studio, which began pre-commencement activity in May 2006, renting and operating a studio facility through April 2009, commencing operations in April 2007 and recording nominal revenues for studio usage and for music production from March 2008 through June 2012. Effective January 25, 2013 a closing occurred on a stock purchase agreement whereby equity members of First Power & Light, LLC, a Delaware Limited Liability Company, acquired controlling interest of the Company. Under new control, the business focus of the Company ~~will~~changed ~~be changing~~ from being a music entertainment production company to a U.S. residential and commercial solar developer, offering solar power solutions to residential and commercial customers across the U.S.

On April 1, 2007 the Company was acquired by Insight Management Corporation (f/k/a Skreem Records Corporation) under the purchase method. On June 27, 2008, the majority stockholders authorized a name and entity change from Skreem Studios, LLC to Skreem Studios, Inc. On July 1, 2008, Insight Management Corporation commenced a reverse spin-off of Skreem Studios, Inc., whereby the shareholders of record received one share of Skreem Studios, Inc. for each share owned of Insight Management. Insight Management Corporation, as of July 1, 2008, is no longer related to the Company. On August 2, 2010, the Board of Directors authorized a name change from Skreem Studios, Inc. to Mainstream Entertainment, Inc.

On July 4, 2012, Mainstream Entertainment, Inc. entered into a letter of intent to acquire all the ownership interest in Volt Solar Systems, LLC f/k/a First Power & Light, LLC, a Delaware Limited Liability Company (“~~First~~Volt ~~Power~~LLC”) pursuant to which the owners ~~of First Power~~ would receive 50,000,000 shares of the Company’s common stock (representing 94.2% of the Company’s outstanding common stock). On September 20, 2012, the Company entered into a Stock Purchase Agreement in connection with the transactions contemplated by the Letter of Intent, which was subsequently modified and clarified by a First Addendum to Stock Purchase Agreement entered into on January 4, 2013 (collectively, the “Stock Purchase”), whereby it agreed to issue 50,000,000 shares of restricted common stock to the members of First Power at $0.01 per share, for the aggregate sum of $50,000. A total of $37,522 was received prior to September 30, 2012 with the remaining $12,478 received subsequent to September 30, 2012. The shares were physically issued by the Company on October 26, 2012; however, certain closing conditions were required to occur prior to the closing of the Stock Purchase and as such, the shares were held in escrow pending the closing. The conditions, which were required to occur prior to the closing of the transaction (unless waived by the parties), included the Company being DTC eligible, First Power obtaining an audit of its financial statements, the Company being current in its periodic filings, the Company not being subject to any legal proceedings ~~and the assumption by First Power of all of the liabilities of the Company~~. Effective January 25, 2013, the parties entered into a Closing Confirmation agreement, pursuant to which the parties agreed to waive any closing conditions of the Letter of Intent or Stock Purchase, which had not occurred as of that date and to close the transactions contemplated by the Stock Purchase. As such, effective January 25, 2013, the Stock Purchase closed and the shares were released from escrow (pending the requirement that the members of ~~First~~Volt ~~Power~~LLC execute confirmation letters and certify certain representations to enable the Company to claim an exemption from registration provided by Rule 506 of the Securities Act of 1933, as amended for the issuance of the shares). The closing of the transactions contemplated by the Stock Purchase constituted a change in control of the Company.

The Company currently anticipates ~~entering~~closing ~~into~~the a share exchange agreement with ~~First~~Volt ~~Power~~LLC and the members of ~~First~~Volt ~~Power~~LLC to acquire the shares of ~~First~~Volt ~~Power~~LLC (which is in the solar power solutions business), which agreement is anticipated to be contingent on ~~First~~Volt ~~Power~~LLC obtaining audited financial statements. The Company has moved its headquarters to 401 East 4th Street, Bridgeport, PA 19405.

~~The~~On ~~financial~~March ~~statements~~19, ~~report~~2014, ~~activity of~~ the Company ~~from~~filed ~~its~~in ~~inception~~a onDefinitive ~~October~~Information 7,Statement ~~2005. Since~~on ~~the~~Schedule ~~decision~~14C ~~has been made and announced~~ to ~~wind~~change ~~down~~its ~~music~~name ~~production,~~from ~~all~~First ~~business~~Power ~~revenues~~ and ~~expenses~~Light, ~~associated~~Inc ~~with~~to ~~the~~Volt ~~operation~~Solar ~~of the music production business are reported as a loss from discontinued operations (see Note 4~~Systems, ~~Discontinued Operations)~~Inc. AsThis asame ~~result,~~document ~~certain~~was ~~line~~mailed ~~items~~to inall ~~our~~shareholders ~~balance sheets, statements~~ of ~~operations~~record ~~and~~on ~~our~~or ~~statements~~about ofMarch ~~cash~~21, ~~flows have been reclassified to conform to the current presentation~~2014.

7On April 30, 2014, Volt Solar Systems, Inc. announced that it has received word from FINRA that its name change from First Power and Light, Inc. will be effective at the open of the market on May 1, 2014. The Company's new website was officially launched and can be viewed at www.VoltSolarSystems.com, the contents of which are not incorporated herein.

~~First Power & Light, Inc. fka~~ 6

~~Mainstream~~Volt ~~Entertainment~~Solar Systems, Inc.

(ANotes ~~Development~~to ~~Stage~~Financial ~~Company)~~Statements

Notes to the Financial Statements

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared utilizing the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America. Under this method, revenues are recognized when earned and expenses are recorded when liabilities are incurred.

Revenue Recognition

Revenue is recognized when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when persuasive evidence of an arrangement exists, services have been provided or product delivered and installed, the price is fixed or determinable, all contractual obligations have been satisfied, and collectability is reasonably assured. Revenue that is billed in advance such as recurring weekly or monthly services are initially deferred and recognized as revenue over the period the services are provided. As of ~~December~~June 3130, ~~2013~~2014, no revenue has been recorded. We will recognize revenue when the solar power systems have been installed.

Recognition of Contract Income—The Company recognizes revenue on long-term contracts on the percentage-of-completion method of accounting, which is measured by the percentage of cost incurred to date to total estimated cost for each contract. This method is used because management considers total cost to be the best available measure of progress on the contract. Total costs are taken from management estimates without audit on individual contracts. Contract costs include all direct material, labor, subcontract costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, equipment repairs and expense, insurance, and depreciation. General and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, and estimated profitability may result in revisions to costs and income and are recognized in the period in which the revisions are determined. As of ~~December~~June 3130, ~~2013~~2014, no long-term contracts have been executed.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Concentrations of Risk

General adverse overall economic conditions such as high employment levels, government subsidies, low consumer confidence, limited credit availability, poor business conditions, stock market volatility, weather conditions, acts of terrorism, threats of war, and interest and tax rates could reduce consumer spending or cause consumers to shift their spending away from solar energy products. If the economic conditions continue to be adverse or worsen, the Company may experience material adverse impacts on our business, operating results and financial condition.

The Company’s growth and continued operations could be impaired by limitations on access to capital markets. If the market for securities were to weaken for an extended period of time, the Company’s ability to raise capital will be substantially reduced. Even if the market for securities were not to weaken, there is no assurance that a market for the Company’s stock will exist in the future. The Company, while operating in the music entertainment industry, ~~has~~had generated limited revenues from operations, ~~has~~had incurred substantial expenses and ~~has~~had sustained losses. In addition, as the focus ~~shifts~~shifted to the solar energy industry, we incurred and management expects to continue to incur significant operating expenses. As a result, we will need to generate significant revenues to achieve profitability, which may not occur. Previously the Company’s financing of cash flows has been dependent on loans from one of its principal shareholders. This funding will not be maintained and if third party funding is not obtained there will be a material adverse effect on its business, results of operations and financial condition. To meet the need for capital, the Company plans to seek out debt and/or equity financing in the future; however, there are not currently any specific plans to raise such additional financing, and such additional funding may not be available on favorable terms, if at all. The sale of additional equity securities, if undertaken by the Company and if accomplished, may result in dilution to our shareholders.

~~First~~Volt ~~Power~~Solar ~~& Light~~Systems, Inc. ~~fka~~

~~Mainstream~~Notes ~~Entertainment,~~to ~~Inc.~~Financial Statements

(AThe ~~Development~~Company’s ~~Stage~~executive officers and key shareholder control approximately 55% of the Company)’s outstanding common stock. Accordingly, the Company’s executive officers and key shareholder hold significant influence over the Company on matters submitted to the stockholders for approval, including the election of Directors, mergers, consolidations, the sale of all or substantially all of its assets, and also the power to prevent or cause a change in control.

~~Notes~~The Company currently anticipates entering into a share exchange agreement with Volt LLC and the Volt LLC members with the goal of acquiring Volt LLC’s assets and operations. The closing of that transaction is anticipated to be dependent on several factors, including, but not limited to Volt LLC obtaining an audit of its financial statements. In the ~~Financial~~event ~~Statements~~the Company is not able to acquire Volt LLC, or such share exchange proves too costly, management may be forced to abandon the planned solar power solutions operations and may be forced to further modify the business plan. As a result, in the event the Company is not able to acquire the shares of Volt LLC, any investment in the Company could become worthless.

The Company’s executive officers and key shareholder control approximately 70% of the Company’s outstanding common stock. Accordingly, the Company’s executive officers and key shareholder hold significant influence over the Company on matters submitted to the stockholders for approval, including the election of Directors, mergers, consolidations, the sale of all or substantially all of its assets, and also the power to prevent or cause a change in control.

The Company currently anticipates entering into a share exchange agreement with First Power and the First Power members with the goal of acquiring First Power’s assets and operations. The closing of that transaction is anticipated to be dependent on several factors, including, but not limited to First Power obtaining an audit of its financial statements. In the event the Company is not able to acquire First Power, or such share exchange proves too costly, management may be forced to abandon the planned solar power solutions operations and may be forced to further modify the business plan. As a result, in the event the Company is not able to acquire the shares of First Power, any investment in the Company could become worthless.

Market risk exists both in terms of the development of new customer relationships with a start-up company as well as competition from larger companies with better capitalization. Fluctuations in economic and market conditions that impact the prices of conventional and non-solar renewable energy sources could cause the demand for solar energy systems to decline, which would have a negative impact on our business. If solar energy does not achieve widespread adoption or demand for solar energy systems fails to develop sufficiently, the Company may not be able to grow at the rate anticipated by management. Demand may be influenced by affordability, functionality, appeal or opposition by existing alternate technologies.

Regulatory risk exists in the economic, technological, social and ecosystem environments. If the Company is late in its filings three times in any 24 month period and is de-listed from the OTCBB or is automatically delisted for failure of a market maker to quote the Company’s stock, it may become worthless. The reduction or elimination of government subsidies and incentives or delays or interruptions in the implementation of favorable federal or state laws could substantially increase the cost of our systems to future customers, resulting in a significant reduction in demand for the Company’s planned solar energy systems. Local ordinances subject to various concerns such as aesthetics, safety and taxation may hinder growth in various areas.

Technological risk exists in the development of cost-effective, functional and reliable solar energy systems relative to conventional (fossil, plant and mineral fuels) and other non-solar renewable (hydroelectric, wind, geothermal, solar thermal, concentrated solar and biomass) energy sources and products. The potential for failure to offer and market new products could cause operations to become uncompetitive or obsolete, which could prevent the Company from obtaining any sales, or increasing sales and becoming profitable.

Supply ~~risk~~risks ~~exists~~still exist. In previous years global photovoltaic (“PV”) module supply has fluctuated, which has resulted in some price increases and limited availability for solar PV modules. While the risk factors of future shortages have lessened due to multiple manufacturing options, management believes future supply problems are a possibility that must be taken into account.

Workforce risks exists that the Company will not be able to obtain qualified and capable managerial, operational and financial personnel in the regions where needed at a rate of compensation that can be maintained to achieve profitability. The Company’s performance will be substantially dependent on the performance of its executive officers, Malcolm N. Adler and Thomas Moore and its key employees. The loss of the services of either of its executive officers and key employees, particularly in the early stages of operation and development, could have a material adverse effect on its business, results of operations or financial condition. The Company does not maintain key man life insurance covering either of them.

Cash and Cash Equivalents

For the purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of ~~December~~June 3130, ~~2013~~2014 and September 30, 2013, there were no cash equivalents.

~~First~~Volt ~~Power~~Solar ~~& Light~~Systems, Inc. ~~fka~~

~~Mainstream~~Notes ~~Entertainment,~~to ~~Inc.~~Financial Statements

(A Development Stage Company)

Notes to the Financial Statements

Inventory

Inventory is stated at the lower of cost (on an average basis) or market value. We determine cost based on the weighted-average purchase price and include both the costs of acquisition and the shipping costs in inventory. We regularly review the cost of inventory against its estimated market value and record a lower of cost or market write-down to cost of goods sold, if any inventory has a cost in excess of estimated market value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs to complete and dispose.

Prepaid Expenses

Prepaid expenses are advance payments for products or services that will be used in operations during the next twelve months.

Subscription Payable

During the period ending September 30, 2013, the Board of Directors authorized 400,000 shares for services valued at $9,600 based on fair market value on date of grant. As of ~~December~~June 3130, ~~2013~~2014, the shares remained unissued and recorded as a stock payable.

~~During~~On ~~the~~November ~~period ended December 31~~12, 2013, the Board of Directors authorized ~~the issuance of~~ 1,~~259~~000,~~064~~000 shares tofor ~~convert~~services valued at $63120,~~818~~000 ~~guaranteed~~based ~~liability~~on fair market value on date of grant. As of ~~December~~June 3130, ~~2013~~2014, ~~1,259,064~~the shares remained unissued and have been recorded as a stock payable.

As of ~~December~~June 3130, ~~2013~~2014 the Company recorded a total of $73129,~~418~~600 in common stock payable, which ~~represent~~represents 1,~~659~~400,~~064~~000 of the Company’s common shares unissued.

Development Stage Company

The Company complies with FASB Pronouncements for its characterization of the Company as development stage.

Property, Equipment, and Improvements

Property and equipment are stated at cost less accumulated depreciation and valuation adjustments. Major additions and improvements are capitalized, and routine expenditures for repairs and maintenance are charged to expense as incurred. Fully depreciated assets are carried on the books until the date of disposal. Property sold or retired, and the related gain or loss, if any, is taken into income currently. Property that costs less than $500 is expensed as incurred.

Depreciation and Amortization

Depreciation is calculated according to the straight-line method over the estimated useful lives of the respective assets, which range from three to seven years for equipment and furnishings and over the life of the lease for leasehold improvements.

Impairment of Long Lived Assets

Long-lived assets are reviewed for impairment in accordance with the applicable FASB standard, "Accounting for the Impairment or Disposal of Long- lived Assets". Under the standard, long-lived assets are tested for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. An impairment charge is recognized for the amount, if any, which the carrying value of the asset exceeds the fair value.

Guaranteed Liabilities

The Company evaluates its guaranteed liabilities pursuant to ASC 460-10-25. Notes in the amounts of $30,000; $15,650; $51,808; $28,757; and $34,196 were guaranteed in the form of a pledge of common stock to satisfy the amount owed if the obligator defaults. The Company records guarantee liabilities based on the likelihood of repayment. The Company recorded guarantee liabilities due to the fact that it obligated itself to issue common stock to settle debts of a related party. The liability is recorded at the fair value of the amount required to settle the liability as of the balance sheet date.

109

~~First~~Volt ~~Power~~Solar ~~& Light~~Systems, Inc. ~~fka~~

~~Mainstream~~Notes ~~Entertainment,~~to ~~Inc.~~Financial Statements

(A Development Stage Company)

Notes to the Financial Statements

Derivative Liability

The Company evaluates its convertible instruments, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under ASC Topic 815, “Derivatives and Hedging.” The result of this accounting treatment is that the fair value of the derivative is marked-to-market each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income (expense). Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Equity instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815 are reclassified to liabilities at the fair value of the instrument on the reclassification date. We analyzed the derivative financial instruments (the Convertible Note), in accordance with ASC 815. The objective is to provide guidance for determining whether an equity-linked financial instrument is indexed to an entity’s own stock. This determination is needed for a scope exception which would enable a derivative instrument to be accounted for under the accrual method. The classification of a non-derivative instrument that falls within the scope of ASC 815-40-05 “Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock” also hinges on whether the instrument is indexed to an entity’s own stock. A non-derivative instrument that is not indexed to an entity’s own stock cannot be classified as equity and must be accounted for as a liability. There is a two-step approach in determining whether an instrument or embedded feature is indexed to an entity’s own stock. First, the instrument's contingent exercise provisions, if any, must be evaluated, followed by an evaluation of the instrument's settlement provisions. The Company utilized multinomial lattice models that value the derivative liability within the notes based on a probability weighted discounted cash flow model. The Company utilized the fair value standard set forth by the Financial Accounting Standards Board, defined as the amount at which the assets (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale.

Fair Value Measurements

On January 1, 2008, the Company adopted ASC No. 820-10 (ASC 820-10), Fair Value Measurements. ASC 820-10 relates to financial assets and financial liabilities.

ASC 820-10 defines fair value, establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (GAAP), and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements and are to be applied prospectively with limited exceptions.

ASC 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This standard is now the single source in GAAP for the definition of fair value, except for the fair value of leased property. ASC 820-10 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions, about market participant assumptions, that are developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820-10 are described below:

• Level 1. Observable inputs such as quoted prices in active markets;

• Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

• Level 3. Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

1110

~~First~~Volt ~~Power~~Solar ~~& Light~~Systems, Inc. ~~fka~~

~~Mainstream~~Notes ~~Entertainment,~~to ~~Inc.~~Financial Statements

(AThe ~~Development~~following ~~Stage~~table ~~Company)~~presents assets and liabilities that are measured and recognized at fair value as of June 30, 2014, and September 31, 2013, on a recurring basis:

~~Notes~~June to30, ~~the Financial Statements~~2014

The following table presents assets and liabilities that are measured and recognized at fair value as of December 31, 2013, on a recurring basis:


Description	Level 1	Level 2	Level 3	Gains (Losses)
Derivative Liability	$ -	$ -	$ 400,221	$ 201,760
Total	$ -	$ -	$ 400,221	$ 201,760

Description	Level 1	Level 2	Level 3	Gains (Losses)
Derivative Liability	$ -	$ -	$ 533,769	$ 182,657
Total	$ -	$ -	$ 533,769	$ 182,657

September 30, 2013

The following table presents assets and liabilities that are measured and recognized at fair value as of September 30, 2013, on a recurring basis:


Description	Level 1	Level 2	Level 3	Gains (Losses)
Derivative Liability	$ -	$ -	$ 776,924	$ (665,032)
Total	$ -	$ -	$ 776,924	$ (665,032)

Research and Development Costs

Research and development expenses, which include the cost of activities that are useful in developing new products, processes or techniques, as well as expenses for activities that may significantly improve existing products or processes, are expensed as incurred. For the three months ended December 31, 2013 and 2012 and from inception, the Company has incurred no research and development costs.

Income Taxes

The Company accounts for income taxes under the applicable Financial Accounting Standards Board of Financial Accounting Standard No. 109, "Accounting for Income Taxes". Under the standard, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax base. Current income tax provisions are made based on taxable income reported to federal and state taxing authorities. Deferred tax assets, including tax loss and credit carry-forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. As of ~~December~~June 3130, ~~2013~~2014 and September 30, 2013, there was no current or deferred income tax expense or benefit.

~~For~~The ~~income~~Company ~~tax~~adopted section ~~reporting~~740-10-25 ~~purposes,~~of the ~~Company~~FASB ~~uses~~Accounting ~~accounting~~Standards ~~methods~~Codification ~~that~~("Section ~~recognize~~740-10-25"). Section ~~depreciation~~740-10-25 addresses ~~sooner~~the ~~than~~determination ~~for~~of ~~financial~~whether ~~statement~~tax ~~reporting.~~benefits Asclaimed aor ~~result,~~expected ~~the~~to ~~basis~~be ofclaimed ~~property~~on ~~and~~a ~~equipment~~tax ~~for~~return should be recorded in the financial ~~reporting~~statements. Under Section ~~exceeds~~740-10-25, ~~its~~the ~~tax~~Company ~~basis~~may byrecognize the ~~cumulative~~tax ~~amount~~benefit ~~that~~from ~~accelerated~~an ~~depreciation~~uncertain ~~exceeds~~tax ~~straight-line~~position ~~depreciation.~~only ~~Deferred~~if ~~income~~it ~~taxes~~is ~~have~~more ~~been~~likely ~~recorded~~than ~~for~~not that the ~~excess,~~tax ~~which~~position will be ~~taxable~~sustained inon ~~future~~examination ~~periods~~by ~~through~~the ~~reduced~~taxing ~~depreciation~~authorities, ~~deductions~~based ~~for~~on ~~tax~~the ~~purposes. A~~technical ~~full~~merits ~~valuation~~of ~~allowance~~the ~~has~~position. The ~~been~~tax ~~taken~~benefits onrecognized in the ~~deferred~~financial ~~tax~~statements ~~assets~~from such a position should be measured based on the ~~Company’s~~largest ~~determination~~benefit that ~~they~~has ~~are~~a ~~unlikely~~greater tothan ~~pay~~fifty percent (50%) likelihood of being realized upon ultimate settlement. Section 740-10-25 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in years and requires increased disclosures. The Company had no material adjustments to its liabilities for unrecognized income tax benefits according to the ~~future~~provisions of Section 740-10-25.

~~Cash~~The ~~paid~~Company ~~for~~has not recognized an income ~~taxes~~tax benefit for the ~~three~~year ~~month~~based on uncertainties concerning its ability to generate taxable income in future periods. The ~~ended~~Company ~~December~~has ~~31,~~available ~~2013~~net operating loss carry-forwards for financial statement and ~~2012~~federal income tax purposes in the amount of $5,902,929, ~~respectively~~resulting ~~and~~in ~~from~~an ~~inception~~estimated ~~was~~tax benefit of $01,770,879. These loss carry-forwards expire if not used within 20 years from the year generated. The Company's management has decided a valuation allowance is necessary to reduce any tax benefits to zero because the available benefits are more likely than not to expire before they can be used.

Tax Returns Remaining subject to IRS Audits

The Company's corporation income tax return for the period from October 7, 2005 (inception) through June 30, 2014 will remain subject to audit under the statute of limitations by the Internal Revenue Service for a period of seven (7) years from the date they are filed.

Volt Solar Systems, Inc.

Notes to Financial Statements

Basic and Diluted Net Income Per Common Share

Basic and diluted net loss per share calculations are calculated on the basis of the weighted average number of common shares outstanding during the year. The per share amounts include the dilutive effect of common stock equivalents in years with net income. Basic and diluted loss per share is the same due to the anti-dilutive nature of potential common stock equivalents.

Stock Based Compensation

The Company accounts for stock-based employee compensation arrangements and for stock options issued to non-employees using the fair value method in accordance with the provisions of the applicable FASB standards.

12During the nine months ended June 30, 2014, the Company issued 3,850,000 shares as compensation for services at an aggregate value of $453,000, which was the market price on the date of grant.

First Power & Light, Inc. fka

Mainstream Entertainment, Inc.

(A Development Stage Company)

Notes to the Financial Statements

During the quarter ended December 31, 2013, the Company issued 2,850,000 shares as compensation for services at an aggregate value of $386,800 or $0.136 per share, which was the market price on the date of grant.

Correction of an Error in Previously Issued Financial Statements

The Company follows guidance under ASC 250-10-45-23 for reporting any error in the financial statements of a prior period discovered after the financial statements are issued or are available to be issued. The current comparative statements as presented reflect the retroactive application of any error corrections. Those items that are reported as error corrections in the Company’s restatements of net income and retained earnings, as well as other affected balances for all periods reported there-in, are disclosed in Note 14 of the footnotes to the financial statements presented herein.

Recent Accounting Pronouncements

In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as “Development Stage Entities” (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. Early adoption is permitted. The Company has adopted this standard and has omitted presentations as a development stage entity.

In February 2013, Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:

Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income (but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period); and

Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.

The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations.

Volt Solar Systems, Inc.

Notes to Financial Statements

In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11. The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the FASB determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.

In October 2012, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2012-04, “Technical Corrections and Improvements” in Accounting Standards Update No. 2012-04. The amendments in this update cover a wide range of Topics in the Accounting Standards Codification. These amendments include technical corrections and improvements to the Accounting Standards Codification and conforming amendments related to fair value measurements. The amendments in this update will be effective for fiscal periods beginning after December 15, 2012. The adoption of ASU 2012-04 is not expected to have a material impact on our financial position or results of operations.

First Power & Light, Inc. fka

Mainstream Entertainment, Inc.

(A Development Stage Company)

Notes to the Financial Statements

In August 2012, the FASB issued ASU 2012-03, “Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)” in Accounting Standards Update No. 2012-03. This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 is not expected to have a material impact on our financial position or results of operations.

In July 2012, the FASB issued ASU 2012-02, “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” in Accounting Standards Update No. 2012-02. This update amends ASU 2011-08, Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with Subtopic 350-30, Intangibles - Goodwill and Other - General Intangibles Other than Goodwill. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity’s financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance. The adoption of ASU 2012-02 is not expected to have a material impact on our financial position or results of operations.

NOTE 3 – GOING CONCERN

The Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business for the foreseeable future. Since inception, the Company has accumulated losses of $5,~~447~~902,~~416~~929 and has a working capital deficit of $~~806~~838,~~497~~141 at ~~December~~June 3130, ~~2013~~2014. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. Management intends to finance these deficits through the sale of stock and profits from the new business activities, although no assurance can be given that either approach will be successful.

NOTE 4 – ~~DISCONTINUED~~NOTE ~~OPERATIONS~~RECEIVABLE

Discontinued operations are presented and accounted for in accordance with Accounting Standards Codification (ASC) 360, “Impairment or Disposal of Long-Lived Assets,” (ASC 360). When a qualifying component of the Company is disposed of or has been classified as held for sale, the operating results of that component are removed from continuing operations for all periods presented and displayed as discontinued operations if: (a) elimination of the component’s operations from the Company’s ongoing operations has occurred (or will occur) and (b) significant continuing involvement by the Company in the component’s operations does not exist after the disposal transaction.

Previously, we announced that we were exiting the music entertainment business. The exit from the music entertainment production business was essentially completed at the end of the December quarter of 2012. The exit from the music entertainment production and recording studio business was therefore classified as discontinued operations for all periods presented under the requirements of ASC 360.

The assets and liabilities of discontinued operations are presented separately under the captions “Assets to be discontinued,” “Liabilities to be discontinued” and “Long-term liabilities to be discontinued,” respectively, in the accompanying balance sheets at December 31, 2013 and September 30, 2013. There were no liabilities to be discontinued and the assets to be discontinued at September 30, 2013 consist of a note receivable in the amount of $2,555. As of September 30, 2013, the Company determined it was not able to collect the funds and recorded an allowance for bad debt against the balance owed. In connection with the announcement of our exit from the music entertainment business, we reclassified certain assets as “Recording equipment held for sale,” in the accompanying consolidated balance sheets.

First Power & Light, Inc. fka

Mainstream Entertainment, Inc.

(A Development Stage Company)

Notes to the Financial Statements

NOTE 5 – DEVELOPMENT STAGE OPERATIONS

The Company was formed October 7, 2005. Initial funding for the Company was provided by the parent’s principal stockholder via equity capital, direct debt capital and indirect/related party debt capital. The Company’s business operations commenced January 2, 2008, studio operations were discontinued on April 15, 2009 and ceased in 2012 in anticipation of the business shifting to solar energy in early 2013. Operations of the Company from inception have been devoted primarily to raising capital, obtaining financing, acquiring equipment, constructing improvements to the rented studio facilities, and administrative functions. Start-up and organization costs are expensed as incurred. The Company had limited operations in the quarter and year ended December 31, 2013 and September 30, 2013. Moving forward, the Company plans to change its business focus to solar power solutions. Transactions with shareholders and other related parties are described in other notes to these financial statements.

NOTE 6 – NOTE RECEIVABLE

In December 2011, the Company entered into a contract with one customer to produce a compact disk recording consisting of seven to ten selections to be sold by the customer. The gross contract amount was $35,000 and the costs on the contract were $1,400. The contract was completed in June 2012 and at that time the Company had received payments on the contract totaling $32,445. As of September 30, 2013, the company held a receivable of the balance due on the contract in the amount of $2,555. On December 31, 2012 the customer signed a promissory note to pay the Company the entire balance due of $2,555 along with interest accrued at the annual rate of 5% on or before December 31, 2013. As of September 30, 2013, the Company determined it was not able to collect the funds and recorded an allowance for bad debt against the balance owed.

NOTE 75 – RELATED PARTY TRANSACTIONS

A portion of the non-trade debt financing and related interest expense for the Company has been provided by and paid or accrued to material shareholders or entities controlled by them. Related party debt as of ~~December~~June 3130, ~~2013~~2014 and September 30, 2013 ~~was~~is $~~108~~160,~~051~~579 and $90,358, respectively. Accrued interest as of ~~September~~June 30, ~~2013~~2014 and ~~December~~September 3130, 2013 is $85,~~018~~508 and $132,~~827~~616, respectively.

The Company guaranteed liabilities through promissory notes with an accredited investor (the “Holder” or “Hertzog”), in the amounts of $30,000; $15,650; $51,808; $28,757; and $34,196 (the “Fixed Convertible Notes” or the “Notes” included no deferred financing cost or legal fees). The Company’s guarantee is in the form of a pledge of common stock to satisfy the amount owed if the obligator defaults. The entire amount of principal and interest under these notes has been recorded as Guaranteed Liability by the Company and as follows.

OnPrior to the change in control, on September 4, 2012 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $30,000 at a 3% interest rate with maturity date of May 1, 2013 convertible at a fixed amount of 1,200,000 shares. On July 30, 2013 the holder converted both principal and interest ($30,811) into 1,200,000 shares. Due to conversion within the term of the note, no gain or loss was recognized.

OnPrior to the change in control, on December 30, 2012 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $15,650 at a 3% interest rate with maturity date of June 30, 2013 convertible at a fixed amount of 313,000 shares. On September 17, 2013 the holder converted both principal and interest ($15,986) into 313,000 shares. Due to conversion within the term of the note, no gain or loss was recognized.

On January 30, 2013 the Company guaranteed, with Company’s common stock, the note payable of First Power and Light, LLC in the amount of $51,808 at a 3% interest rate with maturity date of July 30, 2013 convertible at a fixed amount of 1,036,160 shares. On September 17, 2013 the holder converted both principal and interest ($52,787) into 1,036,160 shares. Due to conversion within the term of the note, no gain or loss was recognized.13

15Volt Solar Systems, Inc.

~~First~~Notes ~~Power~~to &Financial ~~Light, Inc. fka~~ Statements

~~Mainstream~~On ~~Entertainment~~January 30, ~~Inc~~2013 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $51,808 at a 3% interest rate with maturity date of July 30, 2013 convertible at a fixed amount of 1,036,160 shares. On September 17, 2013 the holder converted both principal and interest ($52,787) into 1,036,160 shares. Due to conversion within the term of the note, no gain or loss was recognized.

(AOn ~~Development~~March ~~Stage~~30, 2013 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $28,757 at a 3% interest rate with maturity date of September 30, 2013 convertible at a fixed amount of 575,149 shares. On November 12, 2013 the holder converted both principal and interest ($29,192) into 575,149 shares. Due to conversion within the term of the note, no gain or loss was recognized.

~~Notes~~On April 30, 2013 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $34,196 at a 3% interest rate with maturity date of September 30, 2013 convertible at a fixed amount of 683,915 shares. On November 12, 2013 the holder converted both principal and interest ($34,626) into 683,915 shares. Due to conversion within the ~~Financial~~term ~~Statements~~of the note, no gain or loss was recognized.

On ~~March~~November 3012, 2013, the Company ~~guaranteed,~~authorized ~~with Company’s common stock,~~ the ~~note~~issuance ~~payable~~ of ~~First Power and Light~~1,000,000 ~~LLC~~shares inof the ~~amount~~Company’s ofcommon ~~$28,757~~stock atas acompensation 3%for ~~interest~~service ~~rate~~to ~~with maturity date of September 30, 2013 convertible at~~ a ~~fixed~~related ~~amount~~party ~~of 575,149 shares~~consultant. OnThe ~~November~~transaction ~~12,~~was ~~2013~~valued ~~the~~at ~~holder converted both principal and interest (~~$29120,~~192)~~000 ~~into~~based ~~575,149~~on ~~shares. Due~~fair tomarket ~~conversion~~value ~~within~~on ~~the~~date ~~term~~ of ~~the note~~grant, ~~no gain~~ or ~~loss~~$0.12 ~~was~~per ~~recognized~~share. As of ~~December~~June 3130, ~~2013~~2014, the shares ~~remained~~are unissued and recorded as a stock payable.

OnDuring ~~April~~March 302014, ~~2013~~ the Company ~~guaranteed,~~received ~~with~~financing ~~Company’s~~from ~~common~~a ~~stock,~~material ~~the~~shareholder ~~note~~in ~~payable~~the ofamount ~~First~~$121,000 ~~Power~~in ~~and~~the ~~Light,~~aggregate. The ~~LLC~~Company inentered ~~the~~into ~~amount~~three ofnotes payable; $3412,~~196~~000 at a 3% interest, ~~rate~~payable ~~with~~on ~~maturity~~demand, ~~date of September 30~~$9,000 ~~2013 convertible~~ at a3% ~~fixed~~interest, ~~amount~~payable ofon ~~683~~demand,~~915~~ ~~shares. On~~and ~~November 12~~$100,000 ~~2013~~at ~~the~~20% ~~holder~~interest, ~~converted~~payable ~~both~~in ~~principal~~48 ~~and~~weekly ~~interest~~installments (of $342,~~626) into 683,915 shares~~500. ~~Due~~ toDuring ~~conversion within~~ the ~~term~~same ofperiod, ~~the note~~$58,354 nowas ~~gain~~repaid, orleaving ~~loss~~a ~~was~~balance ~~recognized~~of $62,646. As of ~~December~~June 3130, ~~2013~~2014 $5,483 ~~the~~in ~~shares~~interest ~~remained~~has ~~unissued~~been ~~and~~accrued ~~recorded~~on asthe ~~a stock payable~~notes.

NOTE 86 – DERIVATIVE LIABILITIES

The Company issued convertible note payable that provide for the issuance of convertible note with variable conversion provisions. The conversion terms of the convertible note are variable based on certain factors, such as the future price of the Company’s common stock. The number of shares of common stock to be issued is based on the future price of the Company’s common stock. The number of shares of common stock issuable upon conversion of the promissory note is indeterminate. Due to the fact that the number of shares of common stock issuable could exceed the Company’s authorized share limit, the equity environment is tainted and as result pursuant to ASC 815-15 Embedded Derivatives, the fair values of the variable conversion option was recorded as derivative liabilities on the issuance date.

The following table reflects the derivative notes of the Company as of ~~December~~June 3130, ~~2013~~2014:

HOLDER	INITIAL VALUATION DATE	MATURITY DATE	ORIGINAL NOTE AMOUNT	~~INTEREST~~NOTE ~~RATE~~BALANCE	~~VARIABLE/FIXED~~INTEREST ~~CONVERSION~~ RATE	VARIABLE/FIXED CONVERSION RATE
Hertzog -1 Note	5/13/2013	5/1/2013	30,000	3.0%	Convertible to 1,200,000 shares
LG Capital Note	8/8/2013	4/23/2014	76,500	76,500	8.0%	45% of average 2 low bids 10 TD's
Hertzog -2 Note	5/13/2013	6/30/2013	15,650	3.0%	Convertible to 313,000 shares
LG Capital Note	9/11/2013	6/11/2014	76,500	76,500	8.0%	50% of average 2 low bids 10 TD's
Hertzog -3 Note	5/13/2013	7/30/2013	51,808	3.0%	Convertible to 1,036,160 shares
LG Capital Note	9/11/2013	6/11/2014	55,000	55,000	8.0%	50% of average 2 low bids 10 TD's
Hertzog -4 Note	5/13/2013	9/30/2013	28,757	3.0%	Convertible to 575,149 shares
GEL Properties	10/17/2013	10/17/14	75,000	67,900	6.0%	60% of 5 low bids 5 TD’s
Hertzog -5 Note	5/13/2013	10/31/2013	34,196	3.0%	Convertible to 683,915 shares
				$ 275,900
LG Capital Note - May 2013	5/13/2013	2/13/2014	61,500	8.0%	55% of average 2 low bids 10 TD's
LG Capital Note - July 2013	7/2/2013	4/2/2014	61,500	8.0%	55% of average 2 low bids 10 TD's
LG Capital Note - August 2013	8/8/2013	4/23/2014	76,500	8.0%	45% of average 2 low bids 10 TD's
LG Capital Note-1 - Sept 2013	9/11/2013	6/11/2014	76,500	8.0%	50% of average 2 low bids 10 TD's
LG Capital Note-2 - Sept 2013	9/11/2013	6/11/2014	55,000	8.0%	50% of average 2 low bids 10 TD's

~~The~~LG Variable Convertible Notes are convertible at 45%-55% of the average 2 lowest bid prices for the last 10 trading days and contains a full ratchet reset. The Holders have the right after 180 days following the Date of Issuance, and until any time until the Convertible Note is fully paid, to convert any outstanding and unpaid principal portion of the Convertible Note, and accrued interest, into fully paid and non-assessable shares of Common Stock. The Holder was not issued warrants with the Convertible Notes.Capital

~~The~~In ~~Variable~~August ~~Convertible~~and ~~Notes:~~September, ~~(a)~~2013, ~~bears interest at 8% per annum; (b)~~ the ~~principal~~Company ~~and~~issued ~~accrued~~convertible ~~interest~~Notes isto ~~due~~LG ~~and~~Capital ~~payable~~Fund, atLLC ~~maturity;~~in ~~(c) is convertible optionally by~~ the ~~Holder~~amounts atof ~~any~~$55,000, ~~time~~$76,500 ~~after~~and ~~180~~$76,500 ~~days;~~ (d)one ~~bears~~of ~~22%~~the ~~interest~~9/11/13 onnotes ~~default~~included ~~with~~an aoriginal ~~150%~~issue ~~payment penalty under specific default provisions; (e~~discount) ~~redeemable at 125% for days 0-90 and 150% for days 91-180;~~ (f)“Variable ~~and~~Convertible isNotes” ~~subject~~or tothe ~~dilutive~~“Notes” ~~adjustments~~included ~~for~~no ~~share~~deferred ~~issuances~~financing ~~(full~~cost ~~ratchet~~or ~~reset~~legal ~~feature~~fees).

The LG Variable Convertible Notes are convertible at 45%-50% of the average 2 lowest bid prices for the last 10 trading days and contain a full ratchet reset. The Holders have the right after 180 days following the Date of Issuance, and until any time until the Convertible Note is fully paid, to convert any outstanding and unpaid principal portion of the Convertible Note, and accrued interest, into fully paid and non-assessable shares of Common Stock. The Holder was not issued warrants with the Convertible Notes.

Volt Solar Systems, Inc.

Notes to Financial Statements

GEL Properties

In October 2013, the Company issued a Variable Convertible Note to GEL Properties for $75,000. The Variable Convertible Note: (a) bears interest at 6% per annum; (b) the principal and accrued interest is due and payable at maturity; (c) is convertible optionally by the Holder at any time after 180 days; (d) bears 22% interest on default with a 150% payment penalty under specific default provisions; (e) redeemable at 125% for days 0-90 and 125%-150% for days 91- 180; (f) and is subject to dilutive adjustments for share issuances (full ratchet reset feature). The embedded conversion feature in the Note should be accounted for as a derivative liability due to the variable conversion provision based on guidance in FAS 133 and EITF 07-05.

Due to the fact that the number of shares of common stock issuable could exceed the Company’s authorized share limit, the equity environment is tainted and as result pursuant to ASC 815-15 Embedded Derivatives, the fair values of the variable conversion option was recorded as derivative liabilities on the issuance date.

16The fair values of the Company’s derivative liabilities were estimated at the issuance date and are revalued at each subsequent reporting date, using a lattice model. The Company recorded current derivative liabilities of $400,221 and $776,924 at June 30, 2014 and September 30, 2013, respectively. The change in fair value of the derivative liabilities resulted in a gain of $201,760 for the nine months ended June 30, 2014 and a loss of $388,677 for the nine months ended June 30, 2013, which has been reported as other income (expense) in the statements of operations. The gain of $201,760 for the nine months ended June 30, 2014 consisted of changes attributable to the fair value on the convertible notes.

~~First~~The ~~Power~~following &presents ~~Light~~the derivative liability value by instrument type at June 30, ~~Inc.~~2014 ~~fka~~and September 30, 2013, respectively:

Mainstream Entertainment, Inc.


	June 30, 2014	September 30, 2013
Convertible Debentures	$ 400,221	$ 776,924
Total	$ 400,221	$ 776,924

(AThe ~~Development~~following ~~Stage~~is ~~Company)~~a summary of changes in the fair market value of the derivative liability for the nine months ending June 30, 2014:

Notes to the Financial Statements


Balance, September 30, 2013	$	776,924
Decrease due to conversion		(249,945)
Issuance of convertible note		76,944
Change in fair market value of derivative liabilities		(203,702)
Balance, June 30, 2014	$	400,221

InThe ~~addition,~~existing onderivative ~~May~~instruments ~~2013,~~were ~~promissory~~valued ~~notes~~as ~~issued~~of inconversion ~~2012~~and –for ~~2013~~the ~~with~~quarterly ~~fixed~~period ~~conversion~~ending ~~price~~June ~~($0~~30, 2014.~~025-$0.05)~~ ~~became~~The ~~tainted. These~~following ~~notes~~assumptions were inused for the ~~amounts~~valuation of ~~$30,000;~~the ~~$15,560;~~derivative ~~$51,808;~~liability ~~$28,757;~~related ~~and~~to ~~$34,196.~~the Note:

~~The~~– fair values of the Company’s derivative liabilities were estimated at the issuance date and are revalued at each subsequent reporting date, using a lattice model. The Company recorded current derivative liabilities of $533,769 and $776,924 at December 31, 2013 and September 30, 2013, respectively. The change in fair value of the derivative liabilities resulted in a gain of $182,657 and $-0- for the three months ended December 31, 2013 and 2012, respectively, which has been reported as other income (expense) in the statements of operations. The gain of $182,657 for the three months ended December 31, 2013 consisted of changes attributable to the fair value on the convertible notes.

The ~~following~~underlying ~~presents~~stock ~~the~~price ~~derivative~~$0.025 ~~liability~~down ~~value~~to $0.017 bywas ~~instrument~~used ~~type~~as atthe ~~September~~fair ~~30,~~value ~~2013~~of ~~and~~the ~~December~~common ~~31, 2013, respectively:~~stock;

	December 31,	September 30,
	2013	2013
Convertible Debentures	$ 533,769	$ 776,924
Total	$ 533,769	$ 776,924

–

~~The~~An ~~following~~event isof adefault ~~summary~~would ofoccur ~~changes~~5% inof the ~~fair~~time, ~~market~~increasing ~~value~~1.00% ofper ~~the~~month ~~derivative~~to ~~liability~~a ~~during~~maximum ~~the~~of ~~period~~10% ~~ended~~– ~~December~~to-date ~~31,~~none ~~2013~~of ~~and~~ the ~~year~~notes ~~ended~~are ~~September~~in ~~30, 2013:~~default;

	Derivative Liability Total
Balance, September 30, 2013	$ 776,924
Decrease due to conversion	(60,498)
Change in fair market value of derivative liabilities	(182,657)
Balance, December 31, 2013	$ 533,769

–

~~The~~Capital ~~existing~~raising ~~derivative~~events ~~instruments~~of ~~were~~$50,000 ~~valued~~would asoccur ofin ~~December~~each ~~31,~~quarter ~~2013.~~for ~~The~~a ~~following~~total ~~assumptions~~of ~~were~~$50,000 ~~used~~in ~~for~~2014 ~~the~~at ~~valuation~~75% of ~~the~~market ~~derivative~~generating ~~liability~~dilutive ~~related~~reset toevents at prices below $0.006 - $0.008 (rounded) for the ~~Note:~~Notes;

-–

The underlying stock price $0.2600 was used as the fair value of the common stock;

The LG Capital note face amounts as of 9/30/13 are the same terms as at issuance and effectively convert at 35.80%, 29.29%, and 32.55%.

The projected volatility curve for each valuation period was based on the volatility of 18 comparable companies’ in the same industry.

An event of default would occur 5% of the time, increasing 1.00% per month to a maximum of 10% – to-date the 1 note is not in default and has not been converted by the holder;

Capital raising events of $50,000 would occur in each quarter for a total of $150,000 in 2013-2014 at 75% of market generating dilutive reset events at prices below $0.09309; $0.07616; and $0.08463 (rounded) for the Notes;

The Holder would redeem based on availability of alternative financing, 10% of the time increasing 1.0% monthly to a maximum of 20%; and

-–

The projected volatility curve for each valuation period was based on the volatility of 18 comparable companies’ in the same industry.

–

The Holder would automatically convert the note at maturity if the registration was effective and the company was not in default.

1715

~~First~~Volt ~~Power~~Solar ~~& Light~~Systems, Inc. ~~fka~~

~~Mainstream~~Notes ~~Entertainment,~~to ~~Inc.~~Financial Statements

(ANOTE ~~Development~~7 ~~Stage~~–CONVERTIBLE ~~Company)~~NOTES PAYABLE

Notes to the Financial Statements

NOTE 9 – CONVERTIBLE NOTE PAYABLE

Notes payable consists of the following convertible notes (further described below):

Convertible Note Payable		December 31, 2013		September 30, 2013
		June 30, 2014			September 30, 2013
		(unaudited)		~~(audited)~~	(audited)
Convertible notes payable: maturity within 9 months; interest rate at 8%; convertible at 40-55% discount to trading fair market value; convertible 180 days from the Issue Date at option of holder	$	331,000	$	331,000
Convertible notes payable	$	275,900		$	331,000
Debt discount		(~~218~~42,~~116~~352)		~~(286,598)~~	(286,598)
Convertible note, net of discount	$	112,884	$	44,402
Convertible notes, net of discount	$	233,548		$	44,402
Convertible Guaranteed Liability
Convertible Guaranteed Liability: maturity within 6 months; interest rate at 3%; convertible at fixed prices of $0.025 - $0.05; convertible 180 days from the Issue Date at option of holder	$	---	$	~~62,953~~$	62,953
Discount on guaranteed liability		---		~~(12,547)~~	(12,547)
Guaranteed Liability, net of discount	$	---	$	~~50,406~~$	50,406
Long-term portion of convertible debt	$	---	$	---
Current portion of convertible debt	$	331,000	$	393,953

Convertible Note Payable

The Company has received proceeds from an unrelated third party in exchange for Convertible Promissory Notes made effective May through September 30, 2013 in the amounts of $61,500, $61,500, $76,500, $76,500, and $55,000. The notes carry an annual interest rate of 8% on any unpaid principal and a maturity date of twelve months from the date of funding. A penalty interest rate will be in effect for any amount of principal or interest which is not paid when due and shall bear interest at the rate of twenty two percent (22%) per annum from the due date. The notes are convertible at the option of the holder at any time during the term. The notes are convertible into common stock at a conversion price between 45%-55% of the calculated average of the two lowest trading prices for the common stock during the 10 day trading day period prior to the date of the conversion notification. ~~The holder has not converted any portion of these notes in satisfaction of the amounts due as of December 31, 2013. The Company recognized discount amortization of $68,482 as of December 31, 2013.~~

AsDuring ofthe ~~December~~period 31ended June 30, ~~2013~~2014, ~~and~~the ~~September~~Holder 30converted $123,000 ~~2013~~in principal and $7,178 in accrued interest in exchange for 9,393,701 shares of common stock. Due to conversion within the ~~derivative~~terms ~~liability~~of the note, no gain or loss was ~~calculated~~recognized. As toof beJune 30, 2014, remaining principal is $~~533~~208,~~769~~000 and accrued interest of $~~776~~14,~~924, respectively~~518.

Volt Solar Systems, Inc.

Notes to Financial Statements

On October 17, 2013, the Company received proceeds from an unrelated third party in exchange for Convertible Promissory Notes for $75,000. The note carries an annual interest rate of 6% on any unpaid principal and a maturity date of twelve months from the date of funding. The note is convertible into common stock at 60% of the lowest closing bid price 5 days prior to the date of the conversion notice. During the period ended June 30, 2014, the Holder converted $7,100 of principal and received 2,500,000 shares of common stock. However, according to the terms of the note agreement the shares that were supposed to be issued was 968,028; the excess share issuance of 1,531,972 was evaluated based on fair market value on the date of issuance and as a result the Company recorded a loss on conversion $30,946. As of June 30, 2014, remaining principal is $67,900 and accrued interest of $3,157. The Company did not accounted for the convertible note transactions and as such have restated prior periods, see NOTE 10.

As of June 30, 2014 and September 30, 2013, the derivative liability was calculated to be $400,221 and $776,924, respectively.

Convertible Guaranteed Liability

The Company guaranteed liabilities through promissory notes with an accredited investor (the “Holder” or “Hertzog”), in various amounts (the “Fixed Convertible Notes” or the “Notes” included no deferred financing cost or legal fees). The Company’s guarantee is in the form of a pledge of common stock to satisfy the amount owed if the obligator defaults. The entire amount of principal and interest under these notes has been recorded as Guaranteed Liability by the Company and are as follows.:

18On September 4, 2012 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $30,000 at a 3% interest rate with maturity date of May 1, 2013 convertible at a fixed amount of 1,200,000 shares. On July 30, 2013 the holder converted both principal and interest ($30,811) into 1,200,000 shares. Due to conversion within the term of the note, no gain or loss was recognized.

First Power & Light, Inc. fka

Mainstream Entertainment, Inc.

(A Development Stage Company)

Notes to the Financial Statements

On ~~September~~December 430, 2012 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $3015,~~000~~650 at a 3% interest rate with maturity date of ~~May~~June 130, 2013 convertible at a fixed amount of 1313,~~200,~~000 shares. On ~~July~~September 3017, 2013 the holder converted both principal and interest ($3015,~~811~~986) into 1313,~~200,~~000 shares. Due to conversion within the term of the note, no gain or loss was recognized.

On ~~December~~January 30, ~~2012~~2013 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $1551,~~650~~808 at a 3% interest rate with maturity date of ~~June~~July 30, 2013 convertible at a fixed amount of ~~313~~1,~~000~~036,160 shares. On September 17, 2013 the holder converted both principal and interest ($1552,~~986~~787) into ~~313~~1,~~000~~036,160 shares. Due to conversion within the term of the note, no gain or loss was recognized.

On ~~January~~March 30, 2013 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $5128,~~808~~757 at a 3% interest rate with maturity date of ~~July~~September 30, 2013 convertible at a fixed amount of 1575,~~036,160~~149 shares. On ~~September~~November 1712, 2013 the holder converted both principal and interest ($5229,~~787~~192) into 1575,~~036,160~~149 shares. Due to conversion within the term of the note, no gain or loss was recognized.

On ~~March~~April 30, 2013 the Company guaranteed, with Company’s common stock, the note payable of Volt Solar Systems, LLC f/k/a First Power and Light, LLC in the amount of $2834,~~757~~196 at a 3% interest rate with maturity date of September 30, 2013 convertible at a fixed amount of ~~575~~683,~~149~~915 shares. On November 12, 2013 the holder converted both principal and interest ($2934,~~192~~626) into ~~575~~683,~~149~~915 shares. The remaining discount of $12,547 was fully amortized during the period. Due to conversion within the term of the note, no gain or loss was recognized. ~~As of December 31, 2013, the shares remained unissued and recorded as a stock payable.~~

-NOTE 8 – CAPITAL STOCK

OnThe ~~April 30, 2013 the~~ Company ~~guaranteed,~~has ~~with Company’s common stock~~100, ~~the note payable of First Power and Light~~000,000 ~~LLC in the amount of $34,196 at a 3% interest rate with maturity date of September 30, 2013 convertible at a fixed amount of 683,915~~ shares ~~On November 12, 2013 the holder converted both principal and interest ($34,626) into 683,915 shares. The remaining discount~~ of $~~12,547 was fully amortized during the period~~0.001 ~~Due~~par tovalue ~~conversion~~stock ~~within the term of the note, no gain or loss was recognized~~authorized. As of ~~December~~June 3130, ~~2013~~2014, ~~the~~there ~~shares~~were ~~remained~~86,686,925 ~~unissued~~shares ~~and recorded as a stock payable~~outstanding.

~~As of December 31, 2013 and September 30, 2013, the derivative liability was calculated to be $533,769 and $776,924, respectively.~~17

~~NOTE~~Volt 10Solar –Systems, ~~CAPITAL STOCK~~Inc.

~~The~~Notes ~~Company~~to ~~has~~Financial ~~100,000,000 shares of $0.001 par value stock authorized. As of December 31, 2013, there were 72,534,160 shares outstanding.~~Statements

OnPrior to the change in control, on January 25, 2013 the Company closed on a letter of intent executed on July 4, 2012 and a Stock Purchase Agreement executed on September 20, 2012 and amended on January 4, 2013 whereby it agreed to sell 50,000,000 restricted shares of common stock at $0.01 per share to Volt Solar Systems, LLC f/k/a First Power & Light, LLC for the sum of $50,000. The management of Volt Solar Systems, LLC f/k/a First Power & Light, LLC subsequently transferred the right to receive the shares directly to its members. These shares were issued on October 26, 2012. Proceeds received by the Company from the sale of stock under the Stock Purchase Agreement totaled $50,000. The shares issued on October 26, 2012 were restricted by contract, held in escrow, and had no rights to vote or disposal until the closing of the contract was consummated on January 25, 2013, at which time the contractual restrictions terminated and the shares were released from escrow.

OnPrior to the change in control, on January 23, 2013 the Board of Directors authorized the issuance of 240,000 shares of the Company’s common stock to a trade creditor to be applied toward the outstanding accounts payable balance due in the amount of $58,520. The transaction was valued at $240,000, or $1.00 per share, which was the fair market value on date of grant. AsAt of December 31, 2013, the Company recognized losses on settlement of debt of $181,480, which is recorded a part of $1,917,870 and includes $1,736,390 loss on related party debt conversion.

19Prior to the change in control, on January 24, 2013 the Board of Directors authorized the issuance of 1,908,130 shares of the Company’s common stock to a principal shareholder, Jeffrey Martin, and his designees in exchange for the forgiveness of the total principal and interest balances owed to Jeffrey Martin and related entities controlled by him. The debt retired totaled $190,822.The transaction was valued at $1,927,211, or $1.01 per share, which is the fair market value on date of grant. Due to conversion of debt the Company recognized a loss of $1,736,390, which is recorded as part of $1,917,870 total loss on conversion of debt that includes loss in settlement of debt of $181,480.

~~First~~At ~~Power~~various &time ~~Light~~during the fiscal year ended September 30, ~~Inc~~2013, the Company issued an aggregate of 10,695,000 shares for cash consideration totaling $660,000. As ~~fka~~of June 30, 2014, the Company had not received proceeds from the issuances and has recorded common stock subscribed in the amount $660,000.

~~Mainstream~~At ~~Entertainment~~various times during the fiscal year ended September 30, ~~Inc~~2013, the Company issued an aggregate of 1,240,000 shares of common stock as compensation for services to various consultants. The transactions were valued at $997,050 based on fair market value on date of grant, or an average of $0.80 per share. In addition, during the period, the Company authorized 400,000 shares valued at $9,600 based on fair market value on date of grant. As of June 30, 2014, the shares remained unissued and recorded as a stock payable.

(A Development Stage Company)

Notes to the Financial Statements

On January 24, 2013 the Board of Directors authorized the issuance of 1,908,130 shares of the Company’s common stock to a principal shareholder, Jeffrey Martin, and his designees in exchange for the forgiveness of the total principal and interest balances owed to Jeffrey Martin and related entities controlled by him. The debt retired totaled $190,822.The transaction was valued at $1,927,212, or $1.01 per share, which is the fair market value on date of grant. As of December 31, 2013, the Company issued a total of 1,725,130 of common shares and the remaining 183,000 is unissued and recorded as $184,830 stock payable. Due to conversion of debt the Company recognized a loss of $1,736,390, which is recorded as part of $1,917,870 total loss on conversion of debt that includes loss in settlement of debt of $181,480.

At various time during the fiscal year ended September 30, 2013, the Company issued an aggregate of 10,695,000 shares for cash consideration totaling $660,000. As of December 31, 2013, the Company had not received proceeds from the issuances and has recorded common stock subscribed in the amount $660,000.

At various times during the fiscal year ended September 30, 2013, the Company issued an aggregate of 1,240,000 shares of common stock as compensation for services to various consultants. The transactions were valued at $997,050 based on fair market value on date of grant, or an average of $0.80 per share. In addition, during the period, the Company authorized 400,000 shares valued at $9,600 based on fair market value on date of grant. As of December 31, 2013, the shares remained unissued and recorded as a stock payable.

On September 17, 2013, the Board of Directors authorized the issuance of 2,549,160 shares of the Company’s common stock to Note Holders as settlement of guaranteed liabilities. The transactions were valued at $99,584 in the aggregate. Due to conversion within the terms, no gain or loss was recognized.

On November 4, 2013, the Company authorized the issuance of 1,000,000 shares of the Company’s common stock as compensation for services to a consultant. The transaction was valued at $164,800 based on fair market value on date of grant, or $0.16 per share.

On November 12, 2013, the Company authorized the issuance of 1,~~259~~000,~~064~~000 shares of the Company’s common stock as compensation for ~~conversion~~service ofto ~~guaranteed~~a ~~liability~~related inparty ~~the~~consultant. The ~~amount~~transaction ofwas valued at $63120,~~818~~000 ~~(including~~based ~~interest).~~on ~~Due~~fair tomarket ~~conversion~~value ~~within~~on ~~the~~date ~~terms~~ of ~~the note~~grant, ~~no gain~~ or ~~loss~~$0.12 ~~was~~per ~~recognized~~share. ~~The~~As ~~shares~~of ~~remained~~June ~~unissued~~30, as2014, ofthe ~~December~~shares ~~31,~~are ~~2013~~unissued and recorded as a stock payable.

~~NOTE~~On 11November –12, ~~COMMITMENTS~~2013, ~~AND~~the ~~CONTINGENCIES~~Company authorized the issuance of 1,259,064 of the Company’s common stock for conversion of guaranteed liability in the amount of $63,818 (including interest). Due to conversion within the terms of the note, no gain or loss was recognized.

InOn ~~October~~April ~~2009~~24, 2014, the Company ~~leased~~issued ~~studio facilities at 275 North Bayshore Drive~~2, ~~Ocoee~~000,000 FLcommon ~~34761. The~~shares ~~lease was renegotiated on May 21, 2010 which permitted the Company~~ to ~~use the facilities at~~ a ~~rate~~consultant offor ~~$50 per hour without any minimum use requirements~~services. The ~~facility~~shares ~~was~~were ~~not~~valued ~~used~~at ~~between October 2009 and December 31~~$66, ~~2010. On February 2~~200, ~~2011,~~which is the ~~lease~~market ~~was~~price ~~renegotiated~~on ~~and extended~~ the ~~term~~date toof ~~December 31, 2012~~grant. ~~The lease has expired and there is no intent to renew it.~~

Effective January 25, 2013, the Company and First Power and Light, LLC (a Pennsylvania Limited Liability Company) entered into a Closing Confirmation agreement, pursuant to which the parties agreed to waive any closing conditions of the July 4, 2012 Letter of Intent or September 20, 2012 (as amended January 4, 2013) Stock Purchase (see Note 1), which had not occurred as of that date and to close the transactions contemplated by the Stock Purchase. As such, effective January 25, 2013, the Stock Purchase closed and the shares were released from escrow (pending the requirement that the members of First Power and Light, LLC execute confirmation letters and certify certain representations to enable the Company to claim an exemption from registration provided by Rule 506 of the Securities Act of 1933, as amended for the issuance of the shares). The closing of the transactions contemplated by the Stock Purchase constituted a change in control of the Company. (See Note 1.)18

Volt Solar Systems, Inc.

Notes to Financial Statements

At various times during the quarter ended June 30, 2014, the Board of Directors authorized the issuance of 9,393,701 shares of the Company’s common stock to Note Holders as settlement of debt. The transactions were valued at $153,978 in the aggregate. Due to conversion within the terms, no gain or loss was recognized.

At various times during the quarter ended June 30, 2014, the Board of Directors authorized the issuance of 2,500,000 shares of the Company’s common stock to Note Holders as settlement of $7,100 in debt. Due to conversion outside the term of the note, the Company recognized a loss on conversion of $30,946.

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Subsequent to December 31, 2013, the Company has been notified of a lawsuit filed by Nextera Energy Inc. on January 15, 2014 against the Company and First Power and Light, LLC, the Company’s potential acquisition candidate. The complaint alleges certain trademark infringements by the Company and First Power against Nextera’s subsidiary Florida Power and Light, Inc. In certain press releases disseminated by the Company it had referred to First Power and Light LLC as “FPL” to differentiate it from the Company. This differentiation was necessary due to the fact that the Company and First Power and Light have very similar names and only the formation designation is different, i.e. “Inc.” vs. “LLC.” There was no intent by the Company to trade on the reputation or goodwill of Florida Power and Light nor was this done for any commercial purpose whatsoever. In an effort to resolve this lawsuit, Management has held numerous teleconferences with attorneys for Nextera and has, to the best of our knowledge and belief, negotiated a settlement to this suit. Management has signed an “Order for Preliminary Injunction on Consent” as prepared by Nextera’s attorneys. Under the terms thereof, the Company and First Power and Light LLC., began the process of changing their respective names. As the process was underway, the appropriate filings and notifications were made to shareholders, the Securities and Exchange Commission and the Secretaries of State of both Florida and Delaware. Further, the Company and Volt Solar Systems, LLC f/k/a First Power and Light, LLC has phased out the use of First Power and Light in all sales materials, websites, etc., all of which now solely refer to Volt Solar Systems.

NOTE 10 – CORRECTION OF PRIOR PERIOD ERROR, RESTATEMENT OF FINANCIAL STATEMENTS

The Company’s stock was pledged to guarantee the repayment of promissory notes issued in 2012-2013 with an accredited investor. The obligator on these Promissory Notes was issued to a related party. Promissory-convertible notes issued in 2012-2013 became tainted on May 13, 2013 because the derivative liability due to Gel Properties being inadvertently not reflected. The Holder issued these notes in the amounts of $30,000; $15,650; $51,808; $28,757; and $34,196 (the “Fixed Convertible Notes” or the “Notes” included no deferred financing cost or legal fees).

The Fixed Convertible Notes: (a) bear interest (not convertible) at 3% per annum; (b) the principal and accrued interest becomes convertible at maturity if not redeemed; (c) is convertible optionally by the Holder at any time after maturity; (d) bears 3% interest on default with no payment penalty; (e) redeemable at 100%; (f) and the fixed conversion prices of $0.025 and $0.05.

Volt Solar Systems, Inc.

Notes to Financial Statements

The Company’s restatements of its financial statements include the guaranteed liability. As this error correction includes a comparative reporting period, the Balance Sheet balances as of June 30, 2013 and subsequent quarters are restated as follows:


Balance Sheet	June 30, 2013
ASSETS:		as filed		adjustment			as restated

Current Assets	$	15	$			$	15
Assets to be discontinued		2,619		-			2,619
TOTAL ASSETS		2,634		-			2,634

LIABILITIES AND STOCKHOLDERS' DEFICIT:
Current liabilities:
Accounts payable and accrued liabilities		24,650		-			24,650
Accrued interest		1,898		2,003	(a)		3,901
Convertible notes payable, net of discount		5,513		-			5,513
Guaranteed Liability		-		81,889	(a)		81,889
Derivative liability		92,165		518,423	(a)		610,588
Notes payable – related party		81,024		-			81,024
Total Current Liabilities		205,250		602,315			807,565

TOTAL LIABILITIES		205,250		602,315			807,565

Stockholders' Deficit:

Common Stock, $.001 par value; 100,000,000 shares authorized, 72,534,160 and 69,684,160 shares issued and outstanding, respectively		66,655		-			66,655
Additional paid in capital		4,041,295		-			4,041,295
Subscriptions receivable		(660,000)		-			(660,000)
Stock Payable		-		150,000	(a)		150,000
Deficit accumulated during the development stage		(3,650,566)		(752,315)	(a)		(4,402,881)
Total stockholders' deficit		(202,616)		(602,315)			(804,931)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	2,634	$	-		$	2,634


Statement of Operations	June 30, 2013
		as filed		Adjustment			as Restated
Operating Expenses:
General and administrative expenses	$	163,718	$	280,414	(a)	$	444,132
Stock compensation expense		804,000		-			804,000
Total operating expenses		967,718		280,414			1,248,132

Operating Gain (Loss)		(967,718)		(280,414)			(1,248,132)

Other Income (Expense):
Change in derivative		(30,665)		(358,012)	(a)		(388,677)
Loss on debt forgiveness		(1,917,870)		-			(1,917,870)
Interest Income		64		-			64
Interest expense		(12,286)		(83,828)	(a)		(96,114)
Total other income (expense)		(1,960,757)		(441,840)			(2,402,597)

Net loss from continuing operations		(2,928,475)		(722,254)			(3,650,729)
Income (Loss) from discontinued operations		-		-			-
Net income/(loss)	$	(2,928,475)	$	(722,254)		$	(3,650,729)

(a)

Relates to guaranteed liability

~~First~~Volt ~~Power~~Solar ~~& Light~~Systems, Inc. ~~fka~~

~~Mainstream~~Notes ~~Entertainment,~~to ~~Inc.~~Financial Statements

(AOn ~~Development~~October ~~Stage~~17, 2013 the Company) issued a $75,000 convertible note that became tainted. The Company’s restatements of its financial statements include the principal, derivative liability, discount, and changes in fair market value of derivative. As this error correction includes a comparative reporting period, the Balance Sheet balances and Statement of Operations as of December 31, 2013 and March 31, 2014 are restated as follows:

Notes to the Financial Statements


Balance Sheet	December 31, 2013
ASSETS:		as filed		Adjustment			as Restated
Current assets:
Cash	$	15	$	-		$	15
Total current assets		15		-			15
TOTAL ASSETS		15		-			15

LIABILITIES AND STOCKHOLDERS' DEFICIT:
Current liabilities:
Accounts payable and accrued liabilities		37,981		-			37,981
Accrued interest		13,827		-			13,827
Convertible notes payable, net of discount		112,884		5,070	(b)		117,954
Derivative liability		533,769		77,610	(b)		611,379
Notes payable – related party		108,051		-			108,051
Total Current Liabilities		806,512		82,680			889,192

TOTAL LIABILITIES		806,512		82,680			889,192

Stockholders' Deficit:

Common Stock, $.001 par value; 100,000,000 shares authorized, 72,534,160 and 69,684,160 shares issued and outstanding, respectively		72,534		-			72,534
Additional paid in capital		5,154,967		-			5,154,967
Subscriptions receivable		(660,000)		-			(660,000)
Common stock payable		73,418		-			73,418
Deficit accumulated during the development stage		(5,447,416)		(82,680)	(b)		(5,530,096)
Total stockholders' deficit		(806,497)		(82,680)			(889,177)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	15	$	-		$	15

Statement of Operations	December 31, 2013
		as filed		Adjustment			as Restated
Operating Expenses:
General and administrative expenses	$	8,934	$	75,000	(b)	$	83,934
Stock compensation expense		386,800		-			386,800
Total operating expenses		395,734		75,000			470,734
Operating Gain (Loss)		(395,734)		(75,000)			(470,734)

Other Income (Expense):
Change in derivative		182,657		(2,610)	(b)		180,047
Interest expense		(87,703)		(5,070)	(b)		(92,773)
Total other income (expense)		94,954		(7,680)			87,274

Net loss from continuing operations		(300,780)		(82,680)			(383,460)
Income (Loss) from discontinued operations		-		-			-
Net income/(loss)	$	(300,780)	$	(82,680)		$	(383,460)

NOTE 12 – OTHER ASSETS – EQUIPMENT HELD (NOT IN SERVICE)

In April, 2009 the Company moved its remaining equipment into storage with the intention of utilizing it in the future for operations. Upon being moved to storage, the equipment was marked down to fair market value and a loss of $4,777 was recognized to adjust carrying value from net book value during the twelve months ended September 30, 2009. The equipment is being stored and is not in service.

NOTE 13 – CORRECTION OF PRIOR PERIOD ERROR, RESTATEMENT OF FINANCIAL STATEMENTS

The Company’s stock was pledged to guarantee the repayment of promissory notes issued in 2012-2013 with an accredited investor. The obligator on these Promissory Notes was issued to a related party. Promissory-convertible notes issued in 2012-2013 became tainted May 13, 2013 due to the derivative liability. The Holder issued these notes in the amounts of $30,000; $15,650; $51,808; $28,757; and $34,196 (the “Fixed Convertible Notes” or the “Notes” included no deferred financing cost or legal fees).

The Fixed Convertible Notes: (a) bears interest (not convertible) at 3% per annum; (b) the principal and accrued interest becomes convertible at maturity if not redeemed; (c) is convertible optionally by the Holder at any time after maturity; (d) bears 3% interest on default with no payment penalty; (e) redeemable at 100%; (f) and the fixed conversion prices of $0.025 and $0.05.

The Company’s restatements of its financial statements include the guaranteed liability. As this error correction includes a comparative reporting period, the Balance Sheet balances as of December 31, 2013 and subsequent quarters are restated as follows:

December 30, 2012
		As filed		Adjustment			Restated Actual
Balance Sheet (Extract)
Current Assets	$	15	$	---		$	15
Assets to be discontinued	$	3,660	$	---		$	3,660
Total Assets	$	3,675	$	---		$	3,675
Total Current Liabilities	$	280,660	$	45,942	(a)	$	326,602
Total stockholders’ deficit	$	(276,925)	$	(45,942)	(a)	$	(322,867)
Total Liabilities and Stockholders’ Deficit	$	3,675	$	---		$	3,675
Statement of Operations (Extract):
Operating Expense	$	25,331	$	15,650	(a)	$	40,981
Other Income (Expense)	$	(4,875)	$	(288)	(a)	$	(5,163)
Net income (loss) from continuing operations	$	(30,206)	$	(15,938)	(a)	$	(46,144)
Net income (loss) from discontinuing operations	$	(1,166)	$	---		$	(1,166)
Net Loss	$	31,372	$	15,938	(a)	$	(47,310)

(a) Relates to guaranteed liability

~~First~~Volt ~~Power~~Solar ~~& Light~~Systems, Inc. ~~fka~~

~~Mainstream~~Notes ~~Entertainment,~~to ~~Inc.~~Financial Statements

(A Development Stage Company)


Balance Sheet	March 31, 2014
ASSETS:		as filed		Adjustment			as Restated
Current assets:
Cash	$	15	$	-		$	15
Total current assets		15		-			15
TOTAL ASSETS		15		-			15

LIABILITIES AND STOCKHOLDERS' DEFICIT:
Current liabilities:
Accounts payable and accrued liabilities		39,001		-			39,001
Accrued interest		11,899		-			11,899
Convertible notes payable, net of discount		161,145		11,713	(b)		172,858
Derivative liability		391,264		80,228	(b)		471,492
Notes payable – related party		123,715		-			123,715
Total Current Liabilities		727,024		91,941			818,965
TOTAL LIABILITIES		727,024		91,941			818,965

Stockholders' Deficit:
Common Stock, $.001 par value; 100,000,000 shares authorized, 79,084,676 and 69,684,160 shares issued and outstanding, respectively		79,085		-			79,085
Additional paid in capital		5,303,686		-			5,303,686
Subscriptions receivable		(660,000)		-			(660,000)
Common stock payable		129,600		-			129,600
Deficit accumulated during the development stage		(5,579,380)		(91,941)	(b)		(5,671,321)
Total stockholders' deficit		(727,009)		(91,941)			(818,950)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	15	$	-		$	15


Statement of Operations	March 31, 2014
		as filed		adjustment			as restated
Operating Expenses:
General and administrative expenses	$	25,617	$	75,000	(b)	$	100,617
Compensation expense		386,800					386,800
Total operating expenses		412,417		75,000			487,417

Operating Gain (Loss)		(412,417)		(75,000)			(487,417)

Other Income (Expense):
Change in derivative		201,487		(5,228)	(b)		196,259
Interest expense		(221,814)		(11,713)	(b)		(233,527)
Penalties		-					-
Total other income (expense)		(20,327)		(16,941)			(37,268)

Net loss from continuing operations		(432,744)		(91,941)			(524,685)
Income (Loss) from discontinued operations		-		-			-
Net income/(loss)	$	(432,744)	$	(91,941)		$	(524,685)

~~Notes~~(b) Related to ~~the~~convertible ~~Financial~~note, ~~Statements~~derivative liability and discount

NOTE 1413 – SUBSEQUENT EVENTS

Subsequent to ~~December 31, 2013,~~ the ~~Company~~period ~~has~~ended ~~been~~June ~~notified of a lawsuit filed by Nextera Energy Inc. on January 15~~30, 2014 ~~against the Company and First Power and Light~~, ~~LLC~~200,000 ~~the~~common ~~Company’s~~shares ~~potential~~were ~~acquisition~~returned candidate. The complaint alleges certain trademark infringements by the Company and First Power against Nextera’s subsidiary Florida Power and Light, Inc. In certain press releases disseminated by the Company it had referred to ~~First Power and Light LLC as “FPL” to differentiate it from~~ the Company. This differentiation was necessary due to the fact that the Company and First Power and Light have very similar names and only the formation designation is different, i.e. “Inc.” vs. “LLC.” There was no intent by the Company to trade on the reputation or goodwill of Florida Power and Light nor was this done for any commercial purpose whatsoever. In an effort to resolve this lawsuit, Management has held numerous teleconferences with attorneys for Nextera and has, to the best of our knowledge and belief, negotiated a ~~settlement~~value to this suit. Management has signed an “Order for Preliminary Injunction on Consent” as prepared by Nextera’s attorneys. Under the terms thereof, the Company and First Power and Light LLC., will begin the process of ~~changing their respective names. As the process gets underway~~$2, ~~the appropriate filings and notifications will be made to shareholders~~000, ~~the~~or ~~Securities and Exchange Commission and the Secretaries of State of both Florida and Delaware~~$0. ~~Further,~~01 ~~the~~per ~~Company and First Power and Light, LLC will immediately phase out the use of First Power and Light in all sales materials, websites, etc~~share.

On January 23, 2014, the Company received notification from LG Capital Funding, LLC of its desire and intent to exercise the conversion rights of the $61,500 note payable made to the Company on May 13, 2013. Under the terms thereof, the Company’s transfer agent, VStock Transfer, LLC., will issue 636,750 shares of the Company’s common stock. The shares from this conversion are reflected in the amount of shares on the face page of this document.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

We caution you that this report contains forward-looking statements regarding, among other things, financial, business, and operational matters.

All statements that are included in this Quarterly Report, other than statements of historical fact, are forward-looking statements. Forward-looking statements involve known and unknown risks, assumptions, uncertainties, and other factors. Statements made in the future tense, and statements using words such as “may,” “can,” “could,” “should,” “predict,” “aim’” “potential,” “continue,” “opportunity,” “intend,” “goal,” “estimate,” “expect,” “expectations,” “project,” “projections,” “plans,” “anticipates,” “believe,” “think,” “confident” “scheduled” or similar expressions are intended to identify forward-looking statements. Forward-looking statements are not a guarantee of performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and are beyond our control. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements, and therefore should be carefully considered. We caution you not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We disclaim any obligation to update any of these forward-looking statements as a result of new information, future events, or otherwise, except as expressly required by law. References in this Form 10-Q, unless another date is stated, are to ~~December~~June 3130, ~~2013~~2014. As used herein, the "Company," “Mainstream,” "we," "us," "our" and words of similar meaning refer to Mainstream Entertainment, Inc.

Organizational History

Volt Solar Systems, Inc. f/k/a First Power and Light, Inc., f/k/a Mainstream Entertainment, Inc. was originally formed to undertake entertainment production activities as a limited liability company (Skreem Studios, LLC) in Florida, on October 7, 2005. The Company initiated pre-commencement activity in May 2006, renting a studio facility, acquiring equipment, building out two studios and incurring other pre-operational expenses.

On April 1, 2007, the Company was acquired by Insight Management Corporation (f/k/a Skreem Records Corporation) and commenced business operations. In June 2008, the then majority stockholders authorized a name and entity change from Skreem Studios, LLC to Skreem Studios, Inc. On July 1, 2008, Insight Management Corporation commenced a reverse spin-off of Skreem Studios, Inc., whereby the shareholders of record as of July 1, 2008, received one share of Skreem Studios, Inc. for each share owned of Insight Management Corporation. Insight Management Corporation, as of July 1, 2008, is no longer related to the Company. On August 2, 2010 the Company changed its name to Mainstream Entertainment, Inc. and effective July 1, 2013 the Company changed its name to First Power and Light, Inc.

Prior to the closing of the Stock Purchase (described below), the Company was primarily engaged in music production and distribution in the United States and Europe. Specifically, the Company, then a development stage company, leased a recording studio equipped to provide all of the services necessary for recording and editing finished audio products and planned to act as a producer; music licenser and manager. The Company owns rights to certain copyrighted songs and has one client, the music group “3rdWish”, whom Justin Martin, our former Vice President is a member. Justin Martin is the 27 year old son of Jeff Martin, our majority shareholder prior to the closing of the Stock Purchase (as described below).

In July 2012, the Company entered into a Letter of Intent to acquire all the ownership interest in First Power & Light, LLC, a Delaware Limited Liability Company (“First Power” and the “Letter of Intent”) pursuant to which the owners of First Power would receive 50,000,000 shares of the Company’s common stock (representing 94.2% of our outstanding common stock).

On September 20, 2012, the Company entered into a Stock Purchase Agreement in connection with the transactions contemplated by the Letter of Intent, which was subsequently modified and clarified by a First Addendum to Stock Purchase Agreement entered into on January 4, 2013 (collectively, the “Stock Purchase”), whereby it agreed to issue 50,000,000 shares of restricted common stock to the members of Volt LLC at $0.01 per share, for the aggregate sum of $50,000. A total of $37,522 was received prior to September 30, 2012 with the remaining $12,478 received subsequent to September 30, 2012. The shares were physically issued by the Company on October 26, 2012; however, certain closing conditions were required to occur prior to the closing of the Stock Purchase and as such, the shares were held in escrow pending the closing. The conditions which were required to occur prior to the closing of the transaction (unless waived by the parties) included the Company being DTC eligible, Volt LLC obtaining an audit of its financial statements, the Company being current in its periodic filings, the Company not being subject to any legal proceedings and the assumption by Volt LLC of all of the liabilities of the Company.

OnEffective ~~September~~January 2025, ~~2012~~2013, the ~~Company~~parties entered into a ~~Stock~~Closing ~~Purchase~~Confirmation Agreement ~~in connection with the transactions contemplated by the Letter of Intent~~, ~~which~~pursuant ~~was subsequently modified and clarified by a First Addendum~~ to ~~Stock~~which ~~Purchase Agreement entered into on January 4, 2013 (collectively,~~ the ~~“Stock~~parties ~~Purchase”), whereby it~~ agreed to ~~issue~~waive ~~50,000,000~~any ~~shares~~closing conditions of ~~restricted common stock to~~ the ~~members~~Letter of ~~First~~Intent ~~Power~~or atStock ~~$0.01 per share~~Purchase, ~~for~~which ~~the~~had ~~aggregate~~not ~~sum~~occurred ofas ~~$50,000. A total~~ of ~~$37,522~~that ~~was~~date ~~received~~and ~~prior~~ to ~~September~~close ~~30, 2012 with~~ the ~~remaining~~transactions ~~$12,478~~contemplated ~~received~~by ~~subsequent~~the toStock ~~September 30, 2012~~Purchase. ~~The~~As ~~shares~~such, ~~were~~effective ~~physically~~January ~~issued by the Company on October 26~~25, ~~2012; however~~2013, ~~certain closing conditions were required to occur prior to~~ the ~~closing of the~~ Stock Purchase closed and ~~as such,~~ the shares were ~~held~~released infrom escrow (pending the ~~closing.~~requirement ~~The~~that ~~conditions which were required to occur prior to~~ the ~~closing~~members of ~~the transaction (unless waived by the parties) included the Company being DTC eligible,~~ First Power ~~obtaining~~execute anconfirmation ~~audit~~letters ofand ~~its~~certify ~~financial~~certain ~~statements,~~representations to enable the Company ~~being~~to ~~current~~claim inan ~~its~~exemption ~~periodic~~from ~~filings,~~registration ~~the~~provided ~~Company~~by ~~not~~Rule ~~being~~506 ~~subject~~of ~~to any legal proceedings and~~ the ~~assumption~~Securities byAct ~~First~~of ~~Power~~1933, ofas ~~all~~amended offor the ~~liabilities~~issuance of the ~~Company~~shares).

Effective January 25, 2013, the parties entered into a Closing Confirmation agreement, pursuant to which the parties agreed to waive any closing conditions of the Letter of Intent or Stock Purchase, which had not occurred as of that date and to close the transactions contemplated by the Stock Purchase. As such, effective January 25, 2013, the Stock Purchase closed and the shares were released from escrow (pending the requirement that the members of First Power execute confirmation letters and certify certain representations to enable the Company to claim an exemption from registration provided by Rule 506 of the Securities Act of 1933, as amended for the issuance of the shares).

The closing of the transactions contemplated by the Stock Purchase constituted a change in control of the Company.

In connection with the Closing Confirmation Agreement, ~~First~~Volt ~~Power~~LLC agreed to indemnify and hold the Company’s current officers and Directors harmless against any liabilities of the Company at closing.

Additionally, the Company’s Directors Charles Camorata, Justin Martin and Karen Aalders appointed Malcolm Adler and Thomas Moore as Directors of the Company and then resigned as Directors of the Company following the filing of a Schedule 14F-1 Information Statement with the Securities and Exchange Commission on February 8, 2013, thus providing the proper notice to the Company’s shareholders. As of September 30, 2013, all resignations and appointments have been made and are effective.

Concurrent with the closing of the Stock Purchase, Malcolm N. Adler was appointed Chief Executive Officer and President, and Thomas Moore was appointed as Secretary and Treasurer of the Company filling the vacancies created by the resignations of Charles Camorata as Chief Executive Officer and President, Justin Martin as Vice-President, and Karen Aalders as Chief Financial Officer, Secretary and Treasurer, which prior officers resigned as officers of the Company effective January 25, 2013.

Additionally, the new officers and the new Directors have decided to undertake a change in business focus of the Company from being a music entertainment production company to a U.S. residential and commercial solar developer. Moving forward, we plan to cease undertaking any music entertainment operations and instead offer solar power solutions to residential and commercial customers across the U.S. One of the reasons for this change in business focus is because the Company believes the outlook for music entertainment production revenues is weak while the demand for residential and commercial solar power energy solutions in the U.S. is increasing. -According ~~according~~ to a 2012 report by GTM Research and Solar Energy Industries Association, the U.S. solar industry has experienced a 75% growth since 2011.

The Company’s current goal is to become a market leader in the U.S. for the installation and distribution of small to large scale photovoltaic installations. The Company’s business strategy includes proposed Equipment-Procurement-Construction (EPC) contracts where the Company will be hired to install a solar power system as well as efforts to aggressively target medium to large-scale photovoltaic ~~installations~~installation companies for acquisition “roll-up”. The Company will not be a solar panel manufacturer and consequently expects to benefit from increasing panel manufacturer competition through lower panel prices.

Meeting U.S. energy growth demands requires responsible and far-sighted development of sustainable clean-energy alternatives. The Company plans to provide an economically viable and environmentally sustainable energy production solution with the goal of addressing these issues. The Company plans to utilize both federal and state tax credits created by green energy incentives to provide large energy users with the economic benefit of reducing their electricity costs and operating expenses through solar power. The Company’s planned solutions are expected to protect energy users from rising utility rates and provide a long-term, environmentally-friendly and economically attractive way for energy users to hedge a portion of their current and future electricity costs. In connection with this new business focus and to finalize all of the transactions previously contemplated by the terms of the Letter of Intent, the Company has entered into a share exchange agreement with First Power and the First Power shareholders to acquire the shares of First Power (which is in the solar power solutions business), which agreement is anticipated to be contingent on First Power obtaining audited financial statements. There can be no assurance that the Company will ever be able to acquire the shares of First Power or that such share acquisition and change in business plan will be successful. The officers and directors of the Company and First Power are the same person.

Meeting U.S. energy growth demands requires responsible and far-sighted development of sustainable clean-energy alternatives. The Company plans to provide an economically viable and environmentally sustainable energy production solution with the goal of addressing these issues. The Company plans to utilize both federal and state tax credits created by green energy incentives to provide large energy users with the economic benefit of reducing their electricity costs and operating expenses through solar power. The Company’s planned solutions will protect energy users from rising utility rates and provide a long-term, environmentally-friendly and economically attractive way for energy users to hedge a portion of their current and future electricity costs. In connection with this new business focus and to finalize all of the transactions previously contemplated by the terms of the Letter of Intent, the Company has entered into a share exchange agreement with First Power and the First Power shareholders subsequent to the date of this filing to acquire the shares of First Power (which is in the solar power solutions business), which agreement is anticipated to be contingent on First Power obtaining audited financial statements. There can be no assurance that the Company will ever be able to acquire the shares of First Power or that such share acquisition and change in business plan will be successful. The officers and directors of the Company and First Power are the same person.

Plan of Operations for the Next 12 Months

The Company’s business plan over the next 12 months ~~entails~~anticipates ~~initially~~continuing ~~entering~~to penetrate the Northeast US residential and commercial solar installation market and aggressively targeting states such as New Jersey, Pennsylvania, Massachusetts, New Hampshire and Connecticut. The Company ~~will~~plans to additionally target states with high solar incentives such as North Carolina, Louisiana and New York. ~~In order to efficiently target the Southeast US markets, the Company intends to establish an office in Orlando, Florida.~~

The Company intends to aggressively seek out federal installation clients, i.e., federal buildings equipped with solar installations. Examples of this include General Services Administration buildings and military facilities.

The Company intends to engage in a “roll-up” campaign of small to medium sized solar installers that it expects will boost its market presence and reach, grow its balance sheet, and increase sales, which program it hopes to begin after completing the planned share acquisition of First Power (as described above).

The Company intends to build its sales force in order to better penetrate these markets and increase business volume. The Company additionally intends to implement online marketing campaigns and attend prominent solar trade shows held by leading solar organizations such as Solar Power International and Solar Energy Power Association in order to source business opportunities and facilitate relationship building. The Company plans to target small to mid-sized solar installers for acquisition opportunities. The Company believes that acquiring other small to mid-sized solar installers will allow it to grow and enter new markets more efficiently and allow it to accept increased business volume.

The Company anticipates needing $2 million in funding over the next 12 months to carry out its business plan. The Company intends to raise the required funds through sales of securities in private placements. If the Company cannot source the required funds, it believes that it can continue operations at its current level, but it will not be able to fully carry out the described business plan, and its growth will be minimal or stagnant.

We currently have a monthly “burn rate” ~~consisting~~ of ~~professional fees (which include legal and accounting fees) of~~ approximately $5582,000 and interest expense of approximately $207,000, for a total of $~~262~~289,000 in monthly expenses. The Company has historically been dependent upon loans made by the Company’s former majority shareholder, Jeffrey Martin (See “Liquidity and Capital Resources”, below); however, it is not anticipated that Mr. Martin will continue to loan the Company funds moving forward. As such, the Company plans to raise funds of $2 million by selling equity or debt to investors in exempt private placements. No assurance can be made that we will be successful in doing so.

Results of Operations and Operating Expenses:

For The Three months Ended ~~December~~June 3130, ~~2013~~2014 Compared To The Three months Ended ~~December~~June 3130, ~~2012~~2013

We generated no revenues for either the three months ended ~~December~~June 3130, ~~2013~~2014 or ~~2012~~2013.

We had $81,908 of total operating expenses for the three months ended June 30, 2014, compared to $654,662 for the three months ended June 30, 2013, a decrease in total operating expenses of $572,754 from the prior period. The decrease is largely due to a decrease of $521,800 in stock compensation and a decrease in professional fees.

We had total other income (expenses) of $(149,700) for the three months ended June 30, 2014, compared to $(37,671) for the three months ended June 30, 2013, an increase in other expenses of $112,029 from the prior period. Interest expense associated with notes payable and increased borrowings from our shareholders increased $117,185 in the current period over the comparative period and the Company recognized $30,946 on the conversion of debt in the current period compared to $-0- for the three months ending June 30, 2013. The Company recognized a gain on the change in fair value of derivative of $5,501 during the three months ending June 30, 2014 as compared to a loss of $(30,665) for the three months ending June 30, 2013.

We had a net loss from continuing operations of $231,608 for the three months ended June 30, 2014, compared to a net loss of $692,333 for the three months ended June 30, 2013, a decrease in net loss of $460,725 or 67% from the prior period. The decrease is primarily attributable to reduced stock compensation and interest expense, offset by a gain in derivative financing.

WeFor ~~had~~The ~~$395,734~~Nine ~~of total operating expenses for the three~~ months ~~ended~~Ended ~~December~~June 3130, ~~2013,~~2014 ~~compared~~Compared toTo ~~$40,981~~The ~~for~~Nine ~~the three~~ months ~~ended~~Ended ~~December~~June 3130, 2012, an increase in total operating expenses of $354,753 or 90% from the prior period. Operating expenses solely included general and administrative expenses for both periods and the increase in operating expenses was mainly due to additional professional fees associated with the letter of intent.2013

We ~~had~~generated ~~total~~no ~~other~~revenues ~~income (expenses) of $94,954~~ for ~~the~~either ~~three months ended December 31, 2013, compared to $(5,163) for~~ the ~~three~~nine months ended ~~December~~June 3130, ~~2012,~~2014 ~~an decrease in other expenses of $100,117~~ or ~~105% from the prior period~~2013. Interest expense associated with increased borrowings from our shareholders and amortization of debt discount was $(87,703). The Company recognized a gain on the change in fair value of derivative of $182,657.

We had a$569,325 ~~loss~~of ~~from~~total ~~discontinued~~operating ~~operations~~expenses ~~of $1,166~~ for the ~~three~~nine months ended ~~December~~June 3130, ~~2012~~2014, compared to a $01,248,132 ~~from discontinued operations~~ for the ~~three~~nine months ended ~~December~~June 3130, 2013, ana decrease in total operating expenses of $1678,~~166~~807 ~~or 100%~~ from the prior period. The decrease is largely due to lower stock compensation and reduced expenses related to debt financing.

We had atotal ~~net~~other ~~loss~~income ~~from~~(expenses) ~~continuing operations~~ of $~~300~~(186,~~780~~968) for the ~~three~~nine months ended ~~December~~June 3130, ~~2013~~2014, compared to $(2,402,597) for the nine months ended June 30, 2013, a ~~net~~decrease in other expenses of $2,215,629 from the prior period. Interest expense associated with increased borrowings from our shareholders increased $261,668 in the current period over the comparative period. The Company recognized $(30,946) in a loss on the conversion of debt in the current nine-month period compared to $47(1,~~310~~917,870) for the ~~three~~nine months ~~ended~~ending ~~December~~June 3130, ~~2012,~~2013. The anCompany ~~increase~~recognized a gain on the change in ~~net~~fair ~~loss~~value of derivative of $~~253~~201,~~470~~760 orduring ~~84%~~the ~~from~~nine months ending June 30, 2014 as compared to a loss of $(388,677) for the ~~prior~~nine ~~period~~months ending June 30, 2013.

We had a net loss of $756,293 for the nine months ended June 30, 2014, compared to a net loss of $3,650,729 for the nine months ended June 30, 2013, a decrease in net loss of $2,894,436 or 79% from the prior period.

Liquidity and Capital Resources

As of ~~December~~June 3130, ~~2013~~2014, the Company had $1514,065 of total current assets consisting solely of cash.

The Company had total current liabilities totaling $~~806~~852,~~512~~206 as of ~~December~~June 3130, ~~2013~~2014, which included $3736,~~981~~170 of accounts payable and accrued liabilities and $1321,~~827~~688 of accrued interest on our loans payable.

The Company ~~had~~has a deficit accumulated during the development stage of $5,~~447~~902,~~416~~929 and a working capital deficit of $~~806~~838,~~497~~141 as of ~~December~~June 3130, 2013.

As of the end of this quarter, the Company has ~~approximately~~ $1514,065 of cash available for Company use. The Company does not believe that such funds will be sufficient to fund its expenses over the next twelve months. There can be no assurance that additional capital will be available to the Company. The Company currently has no agreements, arrangements, or understandings with any person to obtain funds through bank loans, lines of credit, or any other sources.

~~Previously~~The ~~the~~ Company has relied upon its majority shareholder to advance funds to allow it to operate, however; we do not expect such funding to continue subsequent to the Stock Purchase Agreement. Moving forward, the Company will be forced to raise additional funds to support its operations and pay its ongoing and previously accrued expenses, which may be raised through loans from the Company’s related parties (although no current plans exist for such related parties to supply such funding), traditional bank loans, and/or through the sale of debt or equity securities, which could cause material dilution to the Company’s current shareholders.

The Company had $17131,~~593~~171 of net cash used in operations for the ~~three~~nine months ended ~~December~~June 3130, ~~2013~~2014, which was mainly due to $~~300~~756,~~780~~293 of net loss offset by ~~non-cash~~a gain in the change of the fair value of derivatives of $~~182~~201,~~657~~760, amortization expense of $(81331,~~029~~793), and stock compensation expense of $~~386~~453,~~800~~000. In addition, there was ana decrease of $211,~~085~~143 in accounts payable and accrued expenses.

The Company had $17145,~~593~~221 of net cash provided by financing activities for the ~~three~~nine months ended ~~December~~June 3130, ~~2013~~2014, which was due to ~~$17,593 of~~ borrowings from related parties.

Debt Financings and Related Party Notes:

~~The~~Much ~~Company is highly dependent on related party financing, and has historically been dependent on funding from its significant shareholder, Jeffrey Martin (“Related Party Notes”). All~~ of the debt financing and related interest expense for the Company ~~have~~has been provided by ~~and paid or accrued to Jeffrey Martin, the former principal shareholder or to entities controlled by him and also by~~ Sharon Altman, our current significant shareholder ~~of the Company prior to the closing of the Stock Purchase Agreement or entities controlled by him and Sharon Altman, the Company’s current majority shareholder~~.

The Related Party Notes are made formal through promissory notes. Other than these Related Party Notes, there are no other formal agreements between the Company and the related parties regarding any future debt financing or the payment of related interest expenses. ~~All of the Related Party Notes provided to the Company by Mr. Martin have been forgiven as of the date of this filing as described below in connection with the Debt Conversion.~~

We have budgeted the need for approximately $2 million of additional funding during the next 12 months to continue our business operations, pay costs and expenses associated with our filing requirements with the Securities and Exchange Commission and undertake our business plan which funding may not be available on favorable terms, if at all. If we are unable to raise adequate working capital for fiscal ~~2013~~2014, we will be restricted in the implementation of our business plan.

The financial statements included herein have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has had minimal revenues and has accumulated losses since inception. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity or debt financing to continue operations, and the attainment of profitable operations. These financial statements do not include any adjustments related to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue as a going concern.

Debt Conversion Transactions

OnPrior to the change in control, on January 23, 2013, the Board of Directors of the Company authorized the issuance of 240,000 shares of the Company’s common stock at $1.00 per share to a trade creditor to be applied toward the outstanding accounts payable balance due in the amount of $58,520. The Company recognized a loss on the conversion of debt in the amount of $181,480.

OnPrior to the change in control, on January 24, 2013 the Board of Directors authorized the issuance of 1,908,130 shares of the Company’s common stock to a principal shareholder, Jeffrey Martin, and his designees in exchange for the satisfaction of the total principal and interest balances owed to Jeffrey Martin and related entities controlled by him. The debt retired totaled $190,822.The transaction was valued at $1,927,212, or $1.01 per share, which is the fair market value on date of grant. As of March 31, 2013, the Company issued a total of 1,725,130 of common shares and the remaining 183,000 is unissued and recorded as $184,830 stock payable. Due to conversion of debt the Company recognized a loss of $1,736,390.

On September 17, 2013, the Board of Directors authorized the issuance of 2,549,160 shares of the Company’s common stock, to Note Holders as settlement of derivative financing. Due to conversion within the terms of the note, no gain or loss was recognized as a result of the conversion. The value of the principle and accrued interest retired totaled $99,584.

On November 12, 2013, the Company authorized the issuance of 1,259,064 of the Company’s common stock for conversion of guaranteed liability in the amount of $63,818 (including interest). Due to conversion within the terms of the note, no gain or loss was recognized. ~~The shares remained unissued as of December 31, 2013 and recorded as a stock payable.~~

27At various times during the quarter ended June 30, 2014, the Board of Directors authorized the issuance of 9,393,701 shares of the Company’s common stock to Note Holders as settlement of debt. The transactions were valued at $153,978 in the aggregate. Due to conversion within the terms, no gain or loss was recognized.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Pursuant to Item 305(e) of Regulation S-K (§ 229.305(e)), the Company is not required to provide the information required by this Item as it is a “smaller reporting company,” as defined by Rule 229.10(f)(1).

Item 4. Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit pursuant to the requirements of the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures include, among other things, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including our principal executive and financial officers, as appropriate, to allow timely decisions regarding required disclosure.

(a) Evaluation of disclosure controls and procedures

Our Principal Executive and Principal Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Quarterly Report, has concluded that as of that date, our disclosure controls and procedures were inadequate and ineffective to ensure that information required to be disclosed by us in the reports we file or submit with the Securities and Exchange Commission is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. The conclusions notwithstanding, you are advised that no system is foolproof.

(b) Changes in internal control over financial reporting

~~As previously disclosed, during the period covered by this Quarterly Report, we underwent a change of control.~~ Current management is completely different from the management in place prior to the change of control and therefore cannot comment on whether the controls and procedures it has implemented are similar to the controls and procedures in place prior to the change in control.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may become party to litigation or other legal proceedings that we consider to be a part of the ordinary course of our business. We are not currently involved in legal proceedings that could reasonably be expected to have a material adverse effect on our business, prospects, financial condition or results of operations. We may become involved in material legal proceedings in the future.

Item 1A. Risk Factors

There have been no material changes from the risk factors previously disclosed in (a) the Company’s Annual Report on Form 10-K for the year ended September 30, 2013, filed with the Securities and Exchange Commission on January 9, 2013, and (b) the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 8, 2013, and investors are encouraged to review such risk factors prior to making an investment in the Company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

OnPrior to the change in control, on September 20, 2012, the Company entered into the Stock Purchase (described in greater detail above), which was subsequently amended on January 4, 2013, and which closed effective January 25, 2013, pursuant to which we sold and First Power purchased (on behalf of its members and assigns) 50 million shares of our restricted common stock (representing 94.2% of our outstanding common stock) for an aggregate of $50,000 or $0.001 per share.

On January 24, 2013 the Board of Directors authorized the issuance of 1,908,130 shares of the Company’s common stock to a principal shareholder, Jeffrey Martin, and his designees in exchange for the conversion of the total principal and interest balances owed to Jeffrey Martin and related entities controlled by him. The debt retired totaled $190,822.The transaction was valued at $1,927,212, or $1.01 per share, which is the fair market value on date of grant. As of March 31, 2013, the Company issued a total of 1,725,130 of common shares and the remaining 183,000 is unissued and recorded as $184,830 stock payable. Due to conversion of debt the Company recognized a loss of $1,736,390. As of December 31, 2013, the Company satisfied its obligation to issue the outstanding shares.28

Prior to the change in control, on January 24, 2013 the Board of Directors authorized the issuance of 1,908,130 shares of the Company’s common stock to a principal shareholder, Jeffrey Martin, and his designees in exchange for the conversion of the total principal and interest balances owed to Jeffrey Martin and related entities controlled by him. The debt retired totaled $190,822.The transaction was valued at $1,927,212, or $1.01 per share, which is the fair market value on date of grant. As of March 31, 2013, the Company issued a total of 1,725,130 of common shares and the remaining 183,000 is unissued and recorded as $184,830 stock payable. Due to conversion of debt the Company recognized a loss of $1,736,390. As of December 31, 2013, the Company satisfied its obligation to issue the outstanding shares.

During the fiscal year ended September 30, 2013, Company authorized the issuance of 2,549,160 shares of free trading shares of the Company’s common stock for the conversion of debt. Total debt relieved was $99,584 which includes principal and interest. Due to conversion within the term of the note, no gain or loss was recognized as a result of the conversion.

At various dates during the fiscal year ended September 30, 2013, the Company authorized the issuance of 1,240,000 restricted shares of the Company’s common stock to a consultant for services. The shares were valued based on fair market value on date of grant at an average of $0.82 per share, or $997,050.

~~The~~At various dates during the fiscal year ended September 30, 2013, the Company authorized the issuance of 10,695,000 restricted shares of the Company’s common stock to various individuals and entities in exchange for $660,000, or an average of $.06 per share. As of ~~December~~June 3130, ~~2013~~2014, the Company had not received any proceeds from the sale of the stock and has recorded a subscription receivable of $660,000.

On November 12, 2013, the Company authorized the issuance of 1,850,000 shares of the Company’s common stock as compensation for services to various consultants. The transaction was valued at $~~222~~266,~~000~~800 based on fair market value on date of grant, or $0.12 per shares. As of June 30, 2014, the Company had not issued 1,000,000 of these shares and has recorded a subscription payable for the fair value on date of grant, or $120,000.

29On November 12, 2013, the Company authorized the issuance of 1,259,064 of the Company’s common stock for conversion of guaranteed liability in the amount of $63,818 (including interest). Due to conversion within the terms of the note, no gain or loss was recognized.

On November 1221, 2013, the Company ~~authorized~~issued ~~the issuance of~~ 1,~~259~~000,~~064~~000 ofcommon ~~the~~shares ~~Company’s~~to ~~common~~a ~~stock~~consultant for ~~conversion~~a ofvalue ~~guaranteed liability in the amount~~ of $63164,~~818 (including interest). Due to conversion within the terms of the note~~800, ~~no gain~~ or ~~loss was recognized~~$0. ~~The~~16 ~~shares~~per ~~remained unissued as of December 31, 2013 and recorded as a stock payable~~share.

~~The~~On ~~Company~~April ~~claims~~24, an2014, ~~exemption from registration afforded by Section 4(2) and Rule 506 of~~ the ~~Securities~~Company ~~Act~~issued ~~of 1933~~2,000,000 ascommon ~~amended~~shares ~~(the~~to ~~“Act”)~~a ~~since~~consultant ~~the~~for ~~foregoing issuances did not involve~~ a ~~public~~value ~~offering~~of ~~and~~$66,200, ~~the~~or ~~recipients were “accredited investors” as defined in Rule 501 as promulgated under the Act~~$0. No03 ~~underwriters~~per ~~or agents were involved in the foregoing issuances and the Company paid no underwriting discounts or commissions~~share.

The Company claims an exemption from registration afforded by Section 4(2) and Rule 506 of the Securities Act of 1933, as amended (the “Act”) since the foregoing issuances did not involve a public offering and the recipients were “accredited investors” as defined in Rule 501 as promulgated under the Act. No underwriters or agents were involved in the foregoing issuances and the Company paid no underwriting discounts or commissions, nor was there any public advertisement of this offering.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

~~Item 5.Other Information.~~29

Item 5. Other Information

None.

Item 6. Exhibits

			Incorporated by Reference
Exhibit Number	Exhibit Description	Filed or Furnished Herewith	Form	Exhibit	Filing Date
2.1	Letter of Intent Between First Power & Light, LLC and the Company dated July 2, 2012		10-Q	2.1	8/8/12
3.1	Certificate and Articles of Amendment		S-1	3.1	3/18/11
3.2	Certificate of Conversion		S-1	3.2	3/18/11
3.3	Articles of Incorporation		S-1	3.3	3/18/11
3.4	Bylaws		S-1	3.4	3/18/11
10.1	Form of Promissory Note		S-1/A	10.1	7/12/11
10.2	~~A45~~Stock ~~Music~~Purchase Agreement (September 20, 2012) with First Power & Light LLC		S10-~~1/A~~K	10.25	71/129/1113
10.3	~~Lease~~First Addendum to Stock Purchase Agreement (January 4, 2013) with First Power & Light, LLC		S10-~~1/A~~K	10.36	71/129/1113
10.4*	Agreement between Mainstream and Barton		10-Q	10.4	2/13/12
10.4	Closing Confirmation Agreement (January 25, 2013) with First Power & Light, LLC		8-K	10.3	2/8/13
10.5	Stock Purchase Agreement (September 20, 2012) with First Power & Light LLC		10-K	10.5	1/9/13
10.6	First Addendum to Stock Purchase Agreement (January 4, 2013) with First Power & Light, LLC		10-K	10.6	1/9/13
10.7	Closing Confirmation Agreement (January 25, 2013) with First Power & Light, LLC		8-K	10.3	2/8/13
31**	Certificate of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	X
31**	Certificate of the Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	X
32**	Certificate of the Principal Executive pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	X
32**	Certificate of the Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	X
101.INS#	XBRL Instance Document (#)	X
101.INS	XBRL Instance Document	X
101.SCH#	XBRL Taxonomy Extension Schema Document (#)	X
101.SCH	XBRL Taxonomy Extension Schema Document	X
101.CAL#	XBRL Taxonomy Extension Calculation Linkbase Document (#)	X
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	X
101.DEF#	XBRL Taxonomy Extension Definition Linkbase Document (#)	X
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	X
101.LAB#	XBRL Taxonomy Extension Label Linkbase Document (#)	X
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	X
101.PRE#	XBRL Taxonomy Extension Presentation Linkbase Document (#)	X
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document	X

Indicates management contract or compensatory plan or arrangement.

Furnished herewith and is deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1933, as amended, and otherwise is not subject to liability under these sections.

~~(#)~~ 30

XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

	FIRST POWER & LIGHT, INC.
	VOLT SOLAR SYSTEMS, INC.
	Registrant
Date: February 19, 2014	By: /s/ Malcolm Adler Malcolm Adler Chief Executive Officer and President (Principal Executive Officer and Principal Accounting/Financial Officer)
Date: October 21, 2014	By: /s/ Malcolm Adler Malcolm Adler Chief Executive Officer and President (Principal Executive Officer and Principal Accounting/Financial Officer)

3231

EXHIBIT LIST

			Incorporated by Reference
Exhibit Number	Exhibit Description	Filed or Furnished Herewith	Form	Exhibit	Filing Date
2.1	Letter of Intent Between First Power & Light, LLC and the Company dated July 2, 2012		10-Q	2.1	8/8/12
3.1	Certificate and Articles of Amendment		S-1	3.1	3/18/11
3.2	Certificate of Conversion		S-1	3.2	3/18/11
3.3	Articles of Incorporation		S-1	3.3	3/18/11
3.4	Bylaws		S-1	3.4	3/18/11
10.1	Form of Promissory Note		S-1/A	10.1	7/12/11
10.2	~~A45~~Stock ~~Music~~Purchase Agreement (September 20, 2012) with First Power & Light LLC		S10-~~1/A~~K	10.25	71/129/1113
10.3	~~Lease~~First Addendum to Stock Purchase Agreement (January 4, 2013) with First Power & Light, LLC		S10-~~1/A~~K	10.36	71/129/1113
10.4*	Agreement between Mainstream and Barton		10-Q	10.4	2/13/12
10.4	Closing Confirmation Agreement (January 25, 2013) with First Power & Light, LLC		8-K	10.3	2/8/13
10.5	Stock Purchase Agreement (September 20, 2012) with First Power & Light LLC		10-K	10.5	1/9/13
10.6	First Addendum to Stock Purchase Agreement (January 4, 2013) with First Power & Light, LLC		10-K	10.6	1/9/13
10.7	Closing Confirmation Agreement (January 25, 2013) with First Power & Light, LLC		8-K	10.3	2/8/13
31**	Certificate of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	X
31**	Certificate of the Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	X
32**	Certificate of the Principal Executive pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	X
32**	Certificate of the Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	X
101.INS#	XBRL Instance Document (#)	X
101.INS	XBRL Instance Document	X
101.SCH#	XBRL Taxonomy Extension Schema Document (#)	X
101.SCH	XBRL Taxonomy Extension Schema Document	X
101.CAL#	XBRL Taxonomy Extension Calculation Linkbase Document (#)	X
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document	X
101.DEF#	XBRL Taxonomy Extension Definition Linkbase Document (#)	X
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	X
101.LAB#	XBRL Taxonomy Extension Label Linkbase Document (#)	X
101.LAB	XBRL Taxonomy Extension Label Linkbase Document	X
101.PRE#	XBRL Taxonomy Extension Presentation Linkbase Document (#)	X
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document	X

Indicates management contract or compensatory plan or arrangement.

Furnished herewith and is deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1933, as amended, and otherwise is not subject to liability under these sections.

~~(#)~~32

Filing Compare · Volt Solar Systems, Inc.