The Company had previously disclosed in its Form 10-Q for the period ending September 30, 2017 that it had received a down payment regarding the aforementioned sale of its product. The amount of $170,012 was recorded as a deposit on the Companys balance sheet. The Notes to Financial Statements reflect in Note 8-Commitments and Contingencies, the following information:
NOTE 8 COMMITMENTS AND CONTINGENCIES
On June 2, 2017 the Company received a down payment of $120,067 for the construction and delivery of a Directional Neutron Source Model TEC-DNS-05. The total contract amount is $194,481. On September 8, 2017 the Company received additional payment of $49,945 for the construction and delivery of the Directional Neutron Source Model TEC-DNS-05. The ba lance of $24,469 is due on delivery. Delivery is schedule for six (6) months from the date of deposit which was June 2, 2017.
Company principals confirmed this date that the final installment of approximately $24,469 due under the contract has been received by the Company. The previous Deposit of $170,012 entered on the Companys balance sheet for the period ending September 30, 2017 will be recorded as revenue for the fourth quarter of 2017.
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.
THUNDER ENERGIES CORPORATION
Dated: January 24, 2018
/s/ Dr. Ruggero M. Santilli
Dr. Ruggero M. Santilli
Chief Executive Officer
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