6. SUBSEQUENT EVENT	6 Months Ended
Jun. 30, 2018
Notes
6. SUBSEQUENT EVENT	6. SUBSEQUENT EVENT On August 17, 2018, the Company entered into an exchange agreement (the “Exchange Agreement”) with DataSight, Inc., a Nevada corporation (“DataSight”), and the shareholders of DataSight (the “DataSight Shareholders”) which own over 90% of the outstanding shares of DataSight and all of the outstanding options issued by DataSight. Under the terms of the Exchange Agreement, the Company will acquire DataSight through the acquisition of all of the outstanding stock of DataSight. In exchange, the Company will issue to the DataSight Shareholders up to 7,329,000 shares of Company stock (the “Company Shares”) and will issue new options to the DataSight Shareholders which hold options. Upon the closing of the Exchange Agreement, the Company would own DataSight as a subsidiary and the Company intends to change its name to “DataSight Corporation” and operate the DataSight business plan. DataSight uses drones, specialized sensors and proprietary techniques to gather hard-to-get data in difficult environments to enable DataSight customers to make informed decisions. The Company currently has 26,157,195 shares of common stock outstanding and has committed to having no more than 1,072,713 shares of common stock outstanding as of the closing of the Exchange Agreement. Upon completion of the Exchange Agreement the Company will have approximately 8,401,713 outstanding shares of common stock. The closing of the Exchange Agreement would result in a change of control of the Company. The Exchange Agreement contains representations and warranties of the Company, DataSight and the DataSight Shareholders, and closing conditions, customary for a transaction of this nature, including obtaining Company shareholder approval of an amendment to the Company’s certificate of incorporation to (i) change the Company’s name to “DataSight Corporation” and (ii) complete a 26 to 1 reverse split of the outstanding shares of Company common stock. The parties anticipate the closing will occur on or before September 30, 2018. The Exchange Agreement may be terminated by mutual consent of DataSight and the Company or by either party if the closing is not completed by September 30, 2018. During August 2018 three existing shareholders, including the Company’s CEO, invested $50,000 into the Company. The investment was made at a price of $0.75 per share of common stock (after giving effect to the Company’s planned reverse stock split and closing of the Exchange Agreement).

6. SUBSEQUENT EVENT

6 Months Ended

Jun. 30, 2018

6. SUBSEQUENT EVENT

On August 17, 2018, the Company entered into an exchange agreement (the “Exchange Agreement”) with DataSight, Inc., a Nevada corporation (“DataSight”), and the shareholders of DataSight (the “DataSight Shareholders”) which own over 90% of the outstanding shares of DataSight and all of the outstanding options issued by DataSight. Under the terms of the Exchange Agreement, the Company will acquire DataSight through the acquisition of all of the outstanding stock of DataSight. In exchange, the Company will issue to the DataSight Shareholders up to 7,329,000 shares of Company stock (the “Company Shares”) and will issue new options to the DataSight Shareholders which hold options. Upon the closing of the Exchange Agreement, the Company would own DataSight as a subsidiary and the Company intends to change its name to “DataSight Corporation” and operate the DataSight business plan. DataSight uses drones, specialized sensors and proprietary techniques to gather hard-to-get data in difficult environments to enable DataSight customers to make informed decisions.

The Company currently has 26,157,195 shares of common stock outstanding and has committed to having no more than 1,072,713 shares of common stock outstanding as of the closing of the Exchange Agreement. Upon completion of the Exchange Agreement the Company will have approximately 8,401,713 outstanding shares of common stock. The closing of the Exchange Agreement would result in a change of control of the Company.

The Exchange Agreement contains representations and warranties of the Company, DataSight and the DataSight Shareholders, and closing conditions, customary for a transaction of this nature, including obtaining Company shareholder approval of an amendment to the Company’s certificate of incorporation to (i) change the Company’s name to “DataSight Corporation” and (ii) complete a 26 to 1 reverse split of the outstanding shares of Company common stock. The parties anticipate the closing will occur on or before September 30, 2018. The Exchange Agreement may be terminated by mutual consent of DataSight and the Company or by either party if the closing is not completed by September 30, 2018.

During August 2018 three existing shareholders, including the Company’s CEO, invested $50,000 into the Company. The investment was made at a price of $0.75 per share of common stock (after giving effect to the Company’s planned reverse stock split and closing of the Exchange Agreement).

LED Lighting Co 10-Q