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The results of operations for the periods presented are not necessarily indicative of the results to be expected for the year.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company had no revenue during the nine months ended June 30, 2014, and has an accumulated deficit of $24,153,782 from its inception through that date. These factors, among others, may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Interim financial data presented herein are unaudited.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>AlumiFuel Power International, Inc.</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In February 2010, the Company formed its subsidiary, AFPI. The total number of AFPI shares outstanding at December 31, 2013 and June 30, 2014 was 68,114,864.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The value of all shares of AFPI held by the Company have been eliminated on consolidation of the financial statements at June 30, 2014 as intercompany accounts. At June 30, 2014 there were 28,511,985 shares held by shareholders other than the Company representing 42% of the outstanding common shares of AFPI as of that date. This represents a non-controlling interest in AFPI that totaled $4,125,817 based on AFPI's outstanding total equity of $9,586,104 at June 30, 2014. In addition, $32,741 in the net loss of AFPI of $78,213 for the six months ended June 30, 2014 has been attributed to the non-controlling interest of those stockholders.</p> 9590 2008 2000 2 226947 226282 108501 103306 72311 99132 42765 56984 -38500 -66250 -25000 -50800 1400 1400 113767 112248 53425 53698 45354 58097 20346 28869 134083 97060 46667 55000 30000 P3Y P3Y P9M P9M P1Y P9M P9M P6M P9M P9M P6M P6M P9M P9M P6M P9M P9M P9M P9M P1Y P6M P6M P11M P11M P12M P12M P12M P12M P12M P9M P9M P9M P6M P6M P1Y P1Y P1Y P1Y P1Y P1Y P1Y