Business Context and Reporting Period
This Form 8-K was filed by Probe Manufacturing, Inc. on May 22, 2008, reporting events occurring on May 19, 2008. The filing discloses the entry into a material definitive agreement regarding the company's principal executive offices located at 25242 Arctic Ocean Drive, Lake Forest, CA.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the new lease agreement:
- Monthly Lease Cost: $15,500 (Base Rent and Additional Rent).
- Facility Size: 10,000 square feet.
Material Changes
The company entered into an amended sublease agreement with Quantum Fuel Systems Technologies Worldwide, Inc. This agreement extends the lease term for the 10,000 sq/ft facility until August 31, 2009.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the commitment to the new lease terms. No unusual items or contingencies were reported in this document.
Investor Verification Checklist
- Verify the total monthly occupancy cost of $15,500 against the company's current cash position.
- Confirm the relationship and terms with the lessor, Quantum Fuel Systems Technologies Worldwide, Inc.
- Review the full text of Exhibit 10.1 (Amended Sublease Agreement) for any hidden clauses or termination rights.
- Note that the registrant name in the filing is Probe Manufacturing, Inc., which differs from the "Clean Energy Technologies, Inc." name provided in the request metadata.