As of October 3, 2014, the company suspended its previous business activities. As a result, the company is a "shell company" as such term is defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended. The company did not incur any material costs associated with the suspension of its activities. The board has suspended payment of director fees and all employees are employed part-time and paid on an hourly basis to preserve cash. Prior to October 3, 2014, the company engaged in the design, development and manufacture of applied energy systems for military and commercial applications and Ultra Short Pulse lasers and high voltage lasers for commercial applications. The Company is currently seeking to sell or license its technology. The company is continuing to consider strategic alternatives, including mergers, the acquisitions of one or more business or technologies and/or the disposition of one or more of our existing business. Applied Energetics, Inc., formerly doing business as Ionatron, Inc., works in the areas of photonic and high-voltage energetics technology. The firm engages in the development and manufacture of applied energy systems for military and commercial applications in the United States. It develops laser guided energy and laser induced plasma channel that can deliver high voltage electrical charges by using a laser to create a conductive path in the atmosphere. The company also develops and delivers counter-improvised explosive devices (IED) technologies, which has capability in countering IEDs for military operations; high-voltage solutions for semiconductor, aerospace, chemical processing, and other military and commercial activities; and ultrafast laser systems for government and commercial customers. In addition, it designs, develops, and manufactures solid state Ultra Short Pulse lasers for commercial applications.
