UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

(Mark One)

☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For The Fiscal Year Ended December 31, ~~2015~~ 2017

☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

ENERGY & TECHNOLOGY, CORP.

(Exact name of registrant as specified in Charter)

DELAWARE		333-143215		26-0198662
(State or other jurisdiction of incorporation or organization)		(Commission File No.)		(IRS Employee Identification No.)

Petroleum Towers, Suite 530

3639 Ambassador Caffery Blvd Lafayette, LA 70503

Mail: P.O. Box 52523

Lafayette, LA 70505

(Address of Principal Executive Offices)

+1337- 984-2000

(Issuer Telephone number)

+1337- 988-1777

Issuer Fax Number

www.engt.com

www.energyntechnology.com

Securities registered under Section 12(b) of the Exchange Act:		None.

Securities registered under Section 12(g) of the Exchange Act:		Common stock, par value $0.001 per share.
		(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark ifwhether ~~disclosure~~the ofregistrant is ~~delinquent~~a ~~filers~~large ~~pursuant~~accelerated tofiler, ~~Item~~an ~~405~~accelerated offiler, Sa non-Kaccelerated ~~(§229.405~~filer, ofsmaller ~~this~~reporting ~~chapter) is not contained herein~~company, ~~and~~or ~~will~~an ~~not~~emerging begrowth ~~contained,~~company. See to the ~~best~~definitions of ~~registrant’s~~“large ~~knowledge~~accelerated filer,” in“accelerated ~~definitive~~filer,” ~~proxy~~“smaller orreporting ~~information statements~~company,” ~~incorporated~~and by“emerging ~~reference~~growth company” in ~~Part~~Rule ~~III~~12b-2 of ~~this~~the ~~Form~~Exchange ~~10-K or any amendment to this Form 10-K~~Act. ☒

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☐ ~~Smaller reporting company ☒~~ (Do not check if a smaller reporting company) Smaller reporting company ☒ Emerging growth company ☐

~~Indicate~~ If an emerging growth company, indicate by check mark ~~whether~~if the registrant ishas aelected ~~shell~~not ~~company~~to ~~(as~~use ~~defined~~the inextended ~~Rule~~transition ~~12b-2~~period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act). ~~Yes ☐ No~~ ☒☐

~~As of~~Number ~~June 30, 2015, the last business day~~ of the ~~registrant~~issuer’s ~~most~~Common ~~recently~~Stock ~~completed~~outstanding ~~second~~as ~~fiscal quarter, the aggregate market value~~ of ~~the voting and non-voting common equity held by non-affiliates was approximately $.69 million computed by reference~~ toDecember ~~the~~31, ~~price~~2017: ~~at which the common equity was last sold on the OTC (Other OTC) Capital Market.~~165,560,766

Number of the issuer’s Common Stock outstanding as of March 31, 2016: 165,548,766

Documents incorporated by reference: None.

TABLE OF CONTENTS

PART I		PAGE
		PAGE
PART I
ITEM 1.	DESCRIPTION OF BUSINESS	1
ITEM 1A	RISK FACTORS	2
ITEM 1B	UNRESOLVED STAFF COMMENTS	2
ITEM 2.	PROPERTIES	32
ITEM 3.	LEGAL PROCEEDINGS	3
ITEM 4.	MINE SAFETY DISCLOSURES	3
PART II
ITEM 5.	MARKET FOR REGISTRANT’S COMMON EQUITY; RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES	34
ITEM 6.	SELECTED FINANCIAL DATA	4
ITEM 7.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	45
ITEM 7A.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	89
ITEM 8.	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA	9F-1
ITEM 9.	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	2010
ITEM 9A.	CONTROLS AND PROCEDURES	2010
PART III
ITEM 10.	DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE	2111
ITEM 11.	EXECUTIVE COMPENSATION	2111
ITEM 12.	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS	2212
ITEM 13.	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE	2313
ITEM 14.	PRINCIPAL ACCOUNTANT FEES AND SERVICES	2314
PART IV
ITEM 15.	EXHIBITS, FINANCIAL STATEMENT SCHEDULES	2414
SIGNATURES		2515

PART I

ITEM 1.

DESCRIPTION OF BUSINESS.

Technical Industries & Energy, Corp. (“TIE” or the “Company”) was founded in the State of Delaware on November 29, 2006. On January 3, 2007, we entered into a Stock Purchase and Share Exchange Agreement with Technical Industries, Inc., (“TII”) a Louisiana corporation founded May 11, 1971 whereby TII became our wholly owned operating subsidiary. On September 9, 2008 we changed our name to Energy & Technology Corp. The Company’s activities are directed towards manufacturing, reclamation of essential commodities, energy, technology, oil & gas equipment and products. We plan to expand our operations and may acquire other companies with services and products which complement existing services and products and offer our latest technology exploration in order to help energy companies reach deep energy reserves that present technology cannot reach, and increase opportunities for income, growth and financing. Our business offices are located at Petroleum Towers, Suite 530 P.O. Box 52523, Lafayette, LA, 70505. Our telephone number is (337) 984-2000.

We are headquartered in Lafayette, Louisiana with a branch office and production facilities in Houston, Texas and Abbeville Airport in Abbeville, Louisiana. We offer several services, which can be described as engineering, manufacturing, reclamation, sales, destructive, and non-destructive testing (“NDT”) and inspection services, storage, and maintenance for pipe and equipment utilized in the energy industry.

NDT is more fully described as the application of industry-wide and/or proprietary test methods to examine pipe and equipment utilized in the energy industry, or any object, material or system associated therewith, without impairing their future usefulness. An essential characteristic of NDT is that the examination process does not change the composition, shape, integrity or properties of the test object, thus allowing the object to be utilized for the purpose for which it was manufactured. The end result is less time involved in testing, lower costs, and less waste of materials than other forms of pipe inspection that require that the test object be destroyed.

Through our staff of industrial, electrical and computer engineers, we offer engineering services to assist our customers in the design, improvement, installation, and/or integration of NDT components and systems. The services, which vary according to the needs of the customer, focus on design, layout, testing, and troubleshooting of NDT systems hardware and software.

We also manufacture our own proprietary ultrasonic NDT electronic equipment systems, which perform the NDT services including ultrasonic inspection, electromagnetic inspection, and others. The layout and design of the systems’ physical components are produced and tested by our engineers. Once the design has passed testing, the individual components are built into the design. Some of the components, such as the circuit boards, may be assembled by a third party before being incorporated into the design. Last, the final assembly is integrated with proprietary inspection software developed by our programmers.

Another component of our business consists of selling pipe and equipment used in exploration, drilling, and production of oil and gas. The manufactured pipe and equipment is supplied to us by various steel mills and suppliers, such as: U.S.S. Steel, SB Int’l, and Premier Pipe: in finished or unfinished form for us to process. Before the pipe and equipment is offered to our customers for sale, it must undergo further processing, such as blasting, threading, coating, and non-destructive testing inspection before being turned into a final product. We sell oilfield pipe and equipment that has passed inspection and meets or exceeds API (American Petroleum Institute) and/or customer specifications.

Lastly, we provide manufacturing and reclamation including threading, machining of pipe and equipment, and ultrasonic pipe inspection technology. Services include full-length electromagnetic inspection for pipe and equipment utilized in the energy industry, and full length ultrasonic inspection systems for new and used pipe including drill stem, tubing, casing, and line pipe. We offer several different types of electromagnetic and ultrasonic inspection processes, each of which is tailored to the inspection of a particular pipe characteristic, such as size, length, wall thickness, ovality, or detection of a particular pipe defect. The type of process is determined by the customer according to their particular needs.

All of the pipe and equipment that enters our facilities are carefully documented and incorporated into our proprietary inventory tracking system, which is accessible to customers on the World Wide Web. Through this system, the customer is able to obtain real-time storage and inspection information on his pipe and equipment that is located at our facilities.

We operate year-round, 24 hours a day, seven days a week when needed, and the number of people employed averages 50.

Today, we continue to serve the energy industry by manufacturing and maintaining proprietary systems that detect and collect all available defects and wall thickness and outside diameter/ovality readings and store them in their proper position on the pipe, produce a three-dimensional image of the pipe, and allow the engineer to simulate burst, collapse, and pull apart the pipe on the computer prior to drilling. This helps energy companies reach reserves that otherwise cannot be reached with present technology. As a result of this advanced technology, the American Petroleum Institute (API) appointed Mr. George M. Sfeir, to serve on their 2008 committee for non-contact inspection. Technical Industries, Inc. developed US Patent No. 7,263,887 and international patent pending inspection technology needed in order to reach deep energy reserves present technology cannot reach. The U.S. patent is current until 2039. We provide basic NDT services as well as highly technical services requiring our patented technology for major companies’ critical projects.

We serve customers in Houston, Texas, Newfoundland, Canada, and Lafayette, Abbeville, Louisiana, the Rockies, and we plan on expanding to Saudi Arabia, Egypt, UAE, Mexico, and other parts of the World. Our customer base consists of oil companies, steel mills, material suppliers, drilling companies, material rental companies, and engineering companies. We provide basic NDT services as well as highly technical services requiring our patented technology for major companies’ critical projects including: BP Crazy Horse, ExxonMobil Alabama Bay and ExxonMobil Grand Canyon, Sakhalin Island and Caspian Sea, Texas A&M University Ocean Explorer, and Federal projects.

Additional services include full-length electromagnetic inspection for oil-field pipe and equipment and full length ultrasonic inspection systems for new and used tubing, casing and line-pipe, wet or dry Magnetic Particle Inspection ("MPI"); Dye Penetrant Testing ("PT"), or Ultrasonic Testing of the End Areas ("UT SEA") of plain end and threaded connections, including drill collars and drilling rig inspection; mill systems and mill surveillance; testing and consulting services. Today we continue to serve the energy industry niche by manufacturing and maintaining proprietary systems that are capable of detecting defects through the use of our patented technology.

ITEM 1A.

RISK FACTORS

COMPETITORS MAY DEVELOP SIMILAR TECHNOLOGY OR PATENT SIMILAR TECHNOLOGY, AND MAKE THIS TECHNOLOGY AVAILABLE TO OUR CUSTOMERS.

Competitors may develop similar technology or similar patents and make the technology available to our current customers at a lower cost or on better contractual terms. If this were to occur, our customer base would be reduced which would in turn lower our revenues.

OUR FUTURE SUCCESS IS DEPENDENT, IN PART, ON THE PERFORMANCE AND CONTINUED SERVICE OF GEORGE M. SFEIR. WITHOUT HIS CONTINUED SERVICE, WE MAY BE FORCED TO INTERRUPT OR EVENTUALLY CEASE OUR OPERATIONS.

We are presently dependent to a great extent upon the experience, abilities, and continued services of George M. Sfeir, our Chief Executive Officer and director. We currently do not have an employment agreement with Mr. Sfeir. The loss of his services could have a material adverse effect on our business, financial condition, or results of operation.

GEORGE M. SFEIR HAS MAJORITY VOTING CONTROL OF OUR COMMON STOCK.

Mr. Sfeir and family members have the voting proxy for the majority of the voting stock of the Company.

WE ARE IN A HIGHLY COMPETITIVE MARKET AND WE ARE UNSURE AS TO WHETHER OR NOT THERE WILL BE ANY CONSUMER DEMAND FOR OUR PRODUCTS AND SERVICES.

Some of our competitors are much larger and better capitalized than we are. It may be possible that our competitors will better address the same market opportunities that we are addressing. These competitors, either alone or with collaborative partners, may succeed in developing business models that are more effective or have greater market success than our own. The Company is especially susceptible to larger manufacturers that invest more money in research and development. Moreover, the market for our products is large but highly competitive. There is little or no hard data that substantiates the demand for our products or how this demand will be segmented. It is possible that there will be low consumer demand for our products, or that interest in our products could decline or die out, which would cause us to be unable to sustain our operations.

We primarily serve the energy industry, which is a highly volatile and politically driven industry. Significant decreases in oil prices or changes in the political landscape could adversely affect the demand for our products and services.

~~WHILE NO~~THERE ARE CURRENT LAWSUITS ~~ARE~~ FILED AGAINST THE COMPANY, AND THE POSSIBILITY EXISTS THAT A CLAIM OF SOME KIND MAY BE MADE IN THE FUTURE.

While we will work to insure high product quality and accuracy in all marketing and labeling, no assurance can be given that some claims for damages will not arise. While we plan to properly insure ourselves with standard product liability insurance, there can be no assurance that this insurance will be adequate to cover litigation expenses and any awards to plaintiffs.

The types of claims that could be made against the Company consists primarily of product liability claims associated with a failure of pipe stem and oil country tubular products used for exploration. The Company maintains general liability insurance of $6,000,000, including a $5,000,000 umbrella policy.

ITEM 1B.

UNRESOLVED STAFF COMMENTS

None.

ITEM 2.

DESCRIPTION OF PROPERTY.

We presently maintain our principal offices at Petroleum Towers, Suite 530 Lafayette, LA 70503, Mail: P.O. Box 52523, Lafayette, LA, 70505. Our telephone number is (337) 984-2000.

Our main manufacturing, reclamation, inspection, and maintenance facility in Houston, Texas, consists of approximately 50 acres and includes a building capable of performing all inspection work in an environmentally protected area, and provides storage areas for pipe and equipment.

The Abbeville, Louisiana facility consists of a building which houses the manufacturing, reclamation, testing, engineering, storage and maintenance. Both facilities provide excellent year-round pipe and equipment storage, manufacturing, testing, and maintenance services.

ITEM 3.

LEGAL PROCEEDINGS.

We are currently not involved in any litigation that we believe could have a materially adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our Company or any of our subsidiaries, threatened against or affecting our Company, our common stock, any of our subsidiaries or of our Company’s or our Company’s subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect. Nevertheless, a disgruntled employee sued for the purchase back of his bonus stock which is in violation of applicable laws. An adverse decision, which is not anticipated, would not have material adverse effect on our financial condition or results of operations.

ITEM 4.

MINE SAFETY DISCLOURES.

None.

PART II

ITEM 5.

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.

Market Information

A symbol was assigned for our securities so that our securities may be quoted for trading on the OTCBB under symbol ENGT. Minimal trading has occurred through the date of this Report.

The following table sets forth the high and low trade information for our common stock. The prices reflect inter-dealer quotations, do not include retail mark-ups, markdowns or commissions and do not necessarily reflect actual transactions.

Quarter ended	Low Price		High Price
December 31, 2014	$	0.76	$	1.10
December 31, 2016	$	0.31	$	0.35
March 31, 2015	$	0.18	$	0.76
March 31, 2017	$	0.01	$	0.75
June 30, 2015	$	0.22	$	1.34
June 30, 2017	$	0.01	$	0.25
September 30, 2015	$	0.26	$	0.42
September 30, 2017	$	0.25	$	0.28
December 31, 2015	$	0.15	$	0.27
December 31, 2017	$	0.21	$	0.45

Holders

As of ~~December 31~~year-end, ~~2015,~~ in accordance with our transfer agent, Olde Monmouth’s, records, we had 174 Common Stock holders not including CEDE & Co.

Dividends

To date, we have not declared or paid any dividends on our common stock. We currently do not anticipate paying any cash dividends in the foreseeable future on our common stock, when issued pursuant to this offering. Although we intend to retain our earnings, if any, to finance the exploration and growth of our business, our Board of Directors will have the discretion to declare and pay dividends in the future.

Payment of dividends in the future will depend upon our earnings, capital requirements, and other factors, which our Board of Directors may deem relevant.

Stock Option Grants

To date, we have not granted any stock options.

Registration Rights

We have not granted registration rights to the selling shareholders or to any other persons.

ITEM 6.

SELECTED FINANCIAL DATA.

Not required for a smaller reporting company.

ITEM 7.

MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

General

We have a patented process which can help companies within the energy industry reach deep energy reserves other technology cannot.

The following list highlights a few areas of opportunity to expand the Company's business:

Sales and marketing efforts: Although we have been impacted by the downturn in the national and global economies, we are now implementing an aggressive marketing and sales effort. We have hired a new sales team who are aggressively pursuing the market and have successfully recruited new clients and rejuvenated existing clients. Currently, we are focused on sales, marketing, and promotional activities for the Company. Management believes revenue can be increased by expanding the Company's sales force and organizing a marketing department in order to increase our market share.

Applying for additional patents to protect proprietary rights: We have developed international patent-pending new inspection technology needed in order to reach deep energy reserves present technology cannot reach. Our expandable inspection technology helps the companies in the energy industry retrieve a large amount of energy reserves that cannot be retrieved with current technology. We have manufactured several pieces of equipment in-house that have enabled us to successfully serve the energy industry. Due to proprietary infringement risk, we have discontinued manufacturing the equipment for sale to third parties. By securing a patent protecting our proprietary technology, we could consider manufacturing equipment for sale again, which would open a new line of revenue.

Introduction of complementary services: We are continually adding new services in order to meet customer demand. Most recently, we began drilling equipment inspection services and added a manufacturing facility and pipe and equipment sales company. Other areas management has identified as potential growth avenues include vessel inspection and inspection of pipelines in service. In 2010, we opened our pipe threading facility containing threading equipment which can be attached to the inspection assembly line to provide additional services for a very low increased cost to our customers.

Geographic expansion in the domestic and international markets: We currently derive the majority of revenue from the Houston, Texas market, where many of our clients are based. There are several other markets that could be better served, such as in Louisiana where a new plant in Abbeville, Louisiana has been constructed in order to serve the deep wells in the Gulf of Mexico. ~~This plant was ready for operations in 2008.~~ Other expansions are being considered through the opening of additional full-service, local plants. Furthermore, we maintain relations with sales representatives in the Mexico, Saudi Arabia, Qatar, and Middle East markets that could be better utilized if we are able to locally serve customers. Lastly, we have Canadian customers that utilize our services on a limited basis, due to the high cost of shipping heavy pipes. To date, we have not had the capital or human resources to establish plants in these potential markets.

We continue to seek other companies which can complement essential commodities, energy, technology manufacturing, reclamation, pipe and inspection business with the goal of securing these businesses through a combination of cash and stock payments. All of these expansion plans rely heavily on raising capital through a public offering of additional stock which would be used to fund our acquisitions.

We ~~have~~ ~~a customer base of over 150 accounts, and~~ are continually expanding our customer base to increase revenue growth. Currently, we serve customers that are oil companies, steel mills, material suppliers, drilling companies, material rental companies and engineering companies. Our customer relationships average over ten years which provides us repeat business.

Critical Accounting Policies and Estimates

The Company has identified the following accounting policies to be the critical accounting policies of the Company:

Revenue Recognition. Revenue for Exploration Technologies is recognized upon completion of the services rendered. Revenue for the sales of Drilling, OCTG, & Equipment is recognized when the product is delivered and the customer takes ownership and assumes the risks of loss, collection of the relevant receivable is probable, persuasive evidence of an arrangement exists, and the sales price is fixed or determinable.

Inventory. Inventory is stated at the lower of cost determined by the specific identification method or market. At December 31, ~~2015~~2017 and ~~2014~~2016, inventory consisted of pipe available for sale.

Property and Equipment. Property and equipment are stated at cost. Expenditures for property and equipment and items that substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred. The cost and related accumulated depreciation of property and equipment disposed of are eliminated from the accounts, and any resulting gain or loss is recognized. Depreciation is provided utilizing the straight-line method over the estimated useful lives of the assets capitalized.

Valuation of Long-Lived Assets. In the event facts and circumstances indicate that carrying amounts of long-lived assets may be impaired, the Company evaluates the recoverability of its long-lived assets using the estimated future undiscounted cash flows associated with the asset compared to the asset’s carrying amount to determine if a write-down is required. Any impairment loss is measured as the difference between the carrying amount and the fair value of the impaired asset.

Estimates. We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the U.S. In doing so, we have to make estimates and assumptions that affect our reported amounts of assets, liabilities, revenues and expenses, as well as related disclosure of contingent assets and liabilities. In some cases, we could reasonably have used different accounting policies and estimates. In some cases changes in the accounting estimates are reasonably likely to occur from period to period. Accordingly, actual results could differ materially from our estimates. To the extent that there are material differences between these estimates and actual results, our financial condition or results of operations will be affected. We base our estimates on past experience and other assumptions that we believe are reasonable under the circumstances, and we evaluate these estimates on an ongoing basis.

Investments. We regularly review investment securities for impairment based on both quantitative and qualitative criteria that include the extent to which cost exceeds market value, the duration of that market decline, our intent and ability to hold to maturity or until forecasted recovery, and the financial health of and specific prospects for the issuer. We perform comprehensive market research and analysis and monitor market conditions to identify potential impairments.

Discussion of Changes in Financial Condition from December 31, ~~2014~~2016 to December 31, ~~2015~~2017

At December 31, ~~2015~~2017, total assets amounted to $43,~~632~~842,~~405~~274 compared to $54,~~923~~238,~~599~~898 at December 31, ~~2014~~2016, a decrease of $1396,~~291~~624,~~194,~~ or 218.8072%. The decrease is primarily due to a decrease in the Company’s cash of $1121,~~044~~900,~~858,~~ a decrease in property and equipment held for operations of $~~361~~326,~~596~~203, ~~a decrease in prepaid expenses of $7,185,~~ and a decrease in ~~Net~~inventory ~~Accounts Receivable~~ of $58104,~~023~~748. These decreases were partially offset by an increase in accounts receivable of $28,810 and an increase in other assets of $2592,~~415~~455.

Our liabilities at December 31, ~~2015~~2017, totaled $68,~~985~~788,~~126~~538 compared to $87,877,~~082~~136 at December 31, ~~2014~~2016, aan ~~decrease~~increase of $1911,~~891~~402,~~956,~~ or 21 11.3157%. The ~~decrease~~increase is primarily due to aan ~~decrease~~increase in ~~accrued~~accounts ~~liabilities~~payable of $68364,~~022~~154, and ~~a decrease in accounts payable of $2,105,161. These decreases were partially offset by~~ an increase in due to affiliates of $~~126~~341,~~224,~~302. anThese ~~increase~~increases inwere ~~accrued rent~~partially ofoffset ~~$150,000,~~by ~~and~~a andecrease ~~increase~~ in ~~notes~~accrued ~~payable~~liabilities of $590,~~003~~107.

Total stockholder’s equity ~~increased~~ decreased from ($23,~~953~~638,~~483~~237) at December 31, ~~2014~~2016, to ($24,~~352~~946,~~721~~263) at December 31, ~~2015~~2017. This increase was due to net ~~income~~loss generated for the year ended December 31, ~~2015~~2017 of $~~600~~1,~~762~~308,025.

Cash and Cash Equivalents

The Company’s cash decreased from $1158,~~044,858~~068 at December 31, ~~2014~~2016, to $3836,~~981~~168 at December 31, ~~2015~~2017. The decrease in cash and cash equivalents was primarily due to the Company’s ~~decrease~~use inof ~~sales~~cash for operations.

Inventory

We began purchasing pipe for sale to customers in late 2007. This was an opportunity for us to expand our services to our customers. Inventory of pipe at December 31, ~~2015~~2017 and December 31, ~~2014~~2016, was $903,373 and $1,008,123, respectively. It is anticipated that the Company will continue its efforts to expand its sales of oilfield pipe.

Property and Equipment

The decrease in property and equipment of $~~196~~332,~~503~~452 is primarily due to depreciation of $~~542~~367,~~778~~953 at December 31, 2015 partially offset by the net purchase of equipment of $~~290~~41,~~202~~750.

Accounts Payable

Accounts payable at December 31, ~~2015~~2017 totaled $~~597~~978,~~466~~740 compared to $2614,~~702,627~~585 at December 31, ~~2014~~2016, aan ~~decrease~~increase of $2364,~~105,161~~154. This ~~decrease~~ increase is primarily attributable to the ~~favorable~~purchase of ~~lawsuit~~items ~~settlement~~used ofin athe ~~vendor’s~~ordinary ~~pipe~~course ~~which~~of ~~was~~business ~~accrued~~and ascost aof ~~liability~~goods ~~when~~ sold.

Common Stock Outstanding

On April 1, 2009, we entered into an agreement with our majority stockholders whereby the stockholders agreed to cancel 165,100,000 common shares, respectively, for the consideration to be re-issued in the future. In 2010, the Company re-issued 115,100,000 of those shares with 50,000,000 still owed to the stockholders. On December 30, 2009, we agreed to issue 5,580,000 shares of our common stock in exchange for the remaining balance due to a supplier of equipment to the Company, which totaled $3,935,217 at December 31, 2009. In 2011, the Company issued 256,900 shares to key managers and others who management felt were responsible for helping the company return to profitability. In 2012, the Company issued an additional 92,550 shares to key managers and others. In 2013, the Company issued an additional 41,167 shares to key managers and others in consideration for their help in returning the Company to profitability and purchased 20,270 shares of common stock now held in Treasury. In 2014, the company purchased 3,617,075 shares which are now held in treasury. In 2016, the Company issued 12,000 shares to market promotor.

~~Discussion of Results of Operations for the Year Ended December 31, 2015 compared to the Year Ended December 31, 2013~~6

Discussion of Results of Operations for the Year Ended December 31, 2017 compared to the Year Ended December 31, 2016

Revenues

Our revenue for the year ended December 31, ~~2015~~2017, was $2,~~201~~559,~~284~~826 compared to $31,~~956~~905,~~612~~711 for the year ended December 31, ~~2014~~2016, aan ~~decrease~~ increase of $1654,~~755~~115,~~328,~~ or 4434.3632%. The increase ~~decrease~~ is attributable primarily to the decrease in exploration technologies of $~~283~~414,~~347, a decrease in drilling, OCTG, & equipment sales of $822,844, a decrease is warehouse & storage fees of $87,600, and a decrease in Manufacturing of $576,814~~386. This ~~decrease~~increase was a result of the industry’s market ~~decline~~demand and ~~increased~~decreased market competition.

The following table presents the composition of revenue for the year December 31, ~~2014~~2017 and ~~2013~~2016:

	2015					2014					Variance
	2017					2016					Variance
Revenue:	Dollars		Percentage			Dollars		Percentage			Dollars
Exploration Technologies	$	~~997~~1,~~730~~385,010		4554.31	%	$	1970,~~281,077~~624		3250.49	%	$	~~(283~~414,~~347~~386	)
Drilling, OCTG, & Equipment Sales	$	-95,712		03.07	%	$	~~822,844~~-		200.80	%	$	~~(822~~95,~~844~~712	)
Warehouse & Storage Fees	$	~~347~~293,~~740~~220		1511.85	%	$	~~435~~293,~~400~~382		1115.04	%	$	(~~87,660~~162	)
Rebillable Income	$	~~272~~278,~~665~~760		1210.49	%	$	~~257~~333,~~328~~047		617.5	%	$	15(54,~~337~~287	)
Manufacturing	$	~~583~~507,~~149~~124		2619.58	%	$	1308,~~159,963~~658		2916.32	%	$	~~(576~~198,~~814~~466	)
Total Revenue	$	2,~~201~~559,~~284~~826		100.0	%	$	31,~~956~~905,~~612~~711		100.0	%	$	(1654,~~755,328~~114	)

Cost of Revenue and Gross Profit

Our cost of revenue for the year ended December 31, ~~2015~~2017, was $2,~~271~~367,~~402~~411, or ~~100~~92.0348% of revenues, compared to $31,~~751~~748,~~196~~203, or 9491.873% of revenues, for the year ended December 31, ~~2014~~2016. The overall increase in our cost of revenue is primarily due to the increase in ~~Transportation~~Subcontract ~~Costs, which is included in the Other Costs of Revenue~~Laor. The primary reason for the increase in cost of sales as a percentage of revenues was due to the ~~decrease~~increase in drilling, OCTG, & Equipment Sales and Exploration Technologies in relation to the amount of fixed costs included in our cost of revenue, such as depreciation on equipment and facilities, and insurance. Additionally, pipe is sold at a lower margin in relation to our service revenues.

The following table presents the composition of cost of revenue for the year ended December 31, ~~2015~~2017 and ~~2014~~2016:

	2015					2014					Variance
	2017					2016					Variance
Cost of Revenue:	Dollars		Percentage			Dollars		Percentage			Dollars
Employee and Related Costs	$	~~470~~436,~~965~~564		2018.74	%	$	~~522~~341,~~714~~587		1319.95	%	$	~~(51~~94,~~749~~977	)
Materials and Supplies		~~143~~300,~~319~~639		20.3	%		~~759~~88,~~377~~152		29.9	%	$	~~(616~~212,~~058~~487	)
Subcontract Labor		~~431~~679,~~006~~631		1928.07	%		~~679~~344,~~787~~501		1819.17	%	$	~~(248~~335,~~781~~130	)
Depreciation		~~423~~257,~~567~~852		1810.69	%		~~749~~269,~~869~~570		2015.04	%	$	(~~326~~11,~~302~~717	)
Repairs and Maintenance		~~130~~178,~~506~~826		5.7.6	%		~~115~~45,~~171~~929		32.16	%	$	15132,~~335~~898
Insurance		~~145~~44,~~577~~835		61.49	%		~~157~~78,~~926~~569		4.25	%	$	(1233,~~349~~734	)
Other Costs		~~526~~469,~~462~~063		2319.28	%		~~766~~579,~~352~~896		2033.42	%	$	(~~239~~110,~~890~~833	)
Total Cost of Revenues	$	2,~~271~~367,~~402~~411		100.0	%	$	31,~~751~~748,~~196~~203		100.0	%	$	(1619,~~479,794~~207	)

We have utilized the services of contractors to assist us as needed to provide timely and quality service to our customers. We will continue our efforts to attract employees and retain qualified individuals to serve the needs of our customers. ~~The decrease in other materials and supplies is due primarily to the decrease in the sale of pipe.~~

Operating Expenses

For the year ended December 31, ~~2015~~2017, our operating expenses totaled $1,~~710~~479,~~826~~596, as compared to $1,~~875~~172,~~840~~379 in ~~2014~~2016, representing ~~a decrease~~an increase of $~~165~~307,~~014~~217, or 826.802%. The largest component of our operating expenses for ~~2015~~2017 consists of salaries and wages, professional services, and other costs. Salaries and wages for general and administrative personnel was $~~685~~641,~~327~~077 for the year ended December 31, ~~2015~~2017, compared to $~~472~~420,~~219~~154 for the year ended December 31, ~~2014~~2016, an increase of $~~213~~220,~~108~~923, or 4552.1358%. The increase is attributable to the increase in administrative pay pertaining to the hiring of an operations manager and an additional salesman.

Professional services expense ~~decreased~~ increased from $~~671~~169,~~301~~593 for the year ended December 31, ~~2014~~2016, to $~~220~~181,~~776~~715 for the year ended December 31, ~~2015~~2017, a ~~decrease~~an increase of $~~450~~12,~~525~~122, or 67 7.1115%. The decrease is primarily a result of aan ~~decrease~~increase in legal fees.

Other costs totaled $~~313~~190,~~120~~916 for the year ended December 31, ~~2015~~2017, as compared to $~~256~~166,~~959~~100 for the year ended December 31, ~~2014~~2016, an increase of $5624,~~161~~816, or 2114.8694%. Other costs for both the year ended December 31, ~~2015~~2017, and for the year ended December 31, ~~2014~~ 2016, pertain primarily to medical expense costs, property taxes, and marketing and advertising, among other costs associated to our operating expenses.

Other Income and Expense

Other income and expense consists of income from lawsuit settlement, investment income, gain or loss on sale of assets, and interest expense. For the year ended December 31, ~~2015~~2017, other ~~income~~expense totaled $220,~~381~~845,~~707,~~ as compared to other expense, net of other income, totaled $51275,~~449~~685 for the year ended December 31, ~~2014~~2016. The increase in Other Income/ (Expense) is attributable primarily to the increase of ~~income~~interest ~~from lawsuit settlement~~expense.

Investment income, which consists of interest, dividends, realized gains and losses, and unrealized gains and losses, amounted to $62,~~105~~ 107 investment expense for the year ended December 31, ~~2015~~2017, compared to investment ~~income~~expense of $132,~~226~~399 for the year ended December 31, ~~2014~~2016. For the year ended December 31, ~~2015~~2017, investment ~~income~~expense consisted primarily of interest income of $~~2,479~~125 and unrealized loss of $102,~~040~~232.

Interest expense totaled $17185,~~229~~952 for the year ended December 31, ~~2015~~2017, as compared to $64343,~~461~~761 for the year ended December 31, ~~2014~~2016, a decrease of $47157,~~232~~809, or 7345.2791%. Interest expense pertains primarily to amounts due to affiliates as well as to our notes payable with third parties.

Provision for income taxes

For the year ended December 31, ~~2015~~2017, the income tax return was not completed so no tax information is available at the time of the filing of this report. ~~We reported an income tax benefit of $161,081, for the year ended December 31, 2014, which was attributable to the carry-back of the net operating loss for the year.~~

Capital Resources and Liquidity

At December 31, ~~2015~~2017, we had $3836,~~981~~168 in cash and cash equivalents. Our cash outflows have consisted primarily of expenses associated with continued operations. Cash outflows for investing purposes have consisted primarily of the acquisition of equipment and other technology to better serve our customers. Most of the costs of those acquisitions have been offset by the sale of excess equipment. Currently, we have been able to utilize our relationships with affiliated entities to stabilize our liquidity needs.

We believe we can satisfy our cash requirements for the next twelve months with our current cash and expected revenues. However, completion of our plan of operation is subject to attaining adequate revenue. We cannot assure investors that adequate revenues will be generated. In the absence of our projected revenues, we may be unable to proceed with our plan of operations. Even without adequate revenues within the next twelve months, we still anticipate being able to continue with our present activities, but we may require financing to potentially achieve our growth goals.

The financial statements were prepared on a going concern basis. The going concern basis assumes that the company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. During the year ended December 31, 2015, the company had a net income of $600,762, negative cash flow from operations of $895.923, and negative working capital of $5,404,498.

In the event we are not successful in reaching our initial revenue targets, additional funds may be required, and we may not be able to proceed with our business plan for the development and marketing of our core services. Should this occur, we would likely seek additional financing to support the continued operation of our business.

Critical Accounting Policies

Our financial statements and related public financial information are based on the application of accounting principles generally accepted in the United States (“GAAP”). GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that have an impact on the assets, liabilities, revenue, and expense amounts reported. These estimates can also affect supplemental information contained in our external disclosures including information regarding contingencies, risk, and financial condition. We believe our use of estimates and underlying accounting assumptions adhere to GAAP and are consistently and conservatively applied. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions. We continue to monitor significant estimates made during the preparation of our financial statements.

Our significant accounting policies are summarized in Note 2 of our consolidated financial statements. While all these significant accounting policies impact our financial condition and results of operations, we view certain policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. Our management believes that, given current facts and circumstances, it is unlikely that applying any other reasonable judgments or estimate methodologies would cause effect on our consolidated results of operations, financial position, or liquidity for the periods presented in this report.

Revenue Recognition

The Company recognizes revenue on arrangements in accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 101, Revenue Recognition in Financial Statements and No. 104, Revenue Recognition. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed, and collectability is reasonably assured.

Revenue for Exploration Technologies is recognized when persuasive evidence of an arrangement exists, services have been rendered, the seller’s price to the buyer is fixed or determinable, and collectability is reasonably assured.

Revenue for manufacturing and threading services is recognized when persuasive evidence of an arrangement exist, services have been rendered, the seller’s price to the buyer is fixed or determinable, and collectability is reasonably assured.

Revenue for Warehouse and Storage service is recognized at the beginning of the month when billed.

Revenue for the sales of Drilling, OCTG, & Equipment is recognized when products are delivered and the customer takes ownership and assumes risk of loss, collection of the relevant receivable is reasonable, persuasive evidence of an arrangement exists and the sales price is fixed or determinable. The Company's pipe division sells pipe on trade accounts under terms common in the industry and the associated costs are included in cost of sales.

Recent Accounting Pronouncements

Management does not expect any impact from the adoption of new accounting pronouncements.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as “special purpose entities” (SPEs).

Item 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We do not hold any derivative instruments and do not engage in any hedging activities.

Item 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

ENERGY & TECHNOLOGY, CORP.

Financial Statements

December 31, ~~2015~~2017 and ~~2014~~2016

Contents

Basic Financial Statements

Basic Financial Statements

Consolidated Balance Sheets	F-2

Consolidated Statements of Operations	F-3

Consolidated Statements of Changes in stockholders’ Equity	F-4

Consolidated Statements of Cash Flows	F-5

Notes to Consolidated Financial Statements	F-6 - F-10

Consolidated Balance Sheets			10
Consolidated Statements of Operations			11
Consolidated Statements of Changes in stockholders’ Equity			12
Consolidated Statements of Cash Flows			13
Notes to Consolidated Financial Statements			14-19

F-1

ENERGY & TECHNOLOGY, CORP.

Consolidated Balance Sheets

December 31, ~~2015~~2017 and ~~2014~~2016

	2015			2014
	2017			2016
				(Audited)
	(Unaudited)			(Unaudited)
Assets
Current Assets
Cash and Cash Equivalents	$	3836,~~981~~168		$	1158,~~083,839~~068
Investments		482,~~450~~289			584,~~490~~521
Accounts Receivable
Trade, Net		~~246~~273,~~668~~183			~~304~~244,~~691~~373
Inventory, Net		1903,~~008,123~~373			1,008,~~123~~121
Prepaid Expenses		1350,~~106~~835			207,~~291~~393
Other Current Assets		~~191~~126,~~887~~168			~~166~~33,~~472~~713
Total Current Assets		1,~~547~~392,~~215~~016			21,~~641~~456,~~906~~188
Property and Equipment, Net
Held for Operations, Net		2,~~735~~099,~~886~~840			32,~~097~~426,~~482~~044
Construction in Progress		~~349~~350,~~304~~418			~~184~~356,~~211~~667
		3,085,190			3,281,693
		2,450,258			2,782,710
Total Assets	$	43,~~632~~842,~~405~~274		$	54,~~923~~238,~~599~~898
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable	$	~~597~~978,~~466~~740		$	2614,~~702,627~~585
Accrued Liabilities		7082,~~262~~035			~~138~~172,~~284~~142
Accrued Rent		2,~~107~~407,500			12,~~957~~257,500
Current Maturities of Notes Payable		34,~~962~~425,~~130~~147			34,~~951~~270,~~389~~179
Due to Affiliates		~~189~~856,~~068~~687			62515,~~844~~385
Income Taxes Payable		25,287			25,287
Total Current Liabilities		68,~~951~~775,~~713~~396			87,~~837~~855,~~931~~079
Long-Term Liabilities
Notes Payable		3313,~~413~~142			3922,~~151~~057
Total Liabilities	$	68,~~985~~788,~~126~~538		$	87,877,~~082~~136
Stockholders' Equity
Preferred Stock - $.001 Par Value; 10,000,000 Shares Authorized,
Preferred Stock - $.001 Par Value; 10,000,000 Shares Authorized, None Issued		-			-
None Issued		-			-
Common Stock - $.001 Par Value; 250,000,000 Shares Authorized, 169,198,117 Shares and 169,186,117 shares Issued at December 31, 2017, and 2016, respectively		169,198			169,198
Common Stock - $.001 Par Value; 250,000,000 Shares Authorized, 169,186,117
Paid-In Capital		4,209,592			4,209,592
Shares and 169,186,117 shares Issued at December 31, 2015, and 2014, respectively		169,186			169,186
Paid-In Capital		4,204,565			4,204,565
Treasury Stock, at cost (3,637,351 Shares)		(4,076,441	)		(4,076,441	)
Retained Earnings		(25,~~650~~248,~~033~~612	)		(3,~~250~~940,~~793~~587	)
Total Stockholders' Equity		(24,~~352~~946,~~723~~263	)		(23,~~953~~638,~~483~~237	)
Total Liabilities and Stockholders' Equity	$	43,~~632~~842,~~403~~274		$	54,~~923~~238,~~599~~898

10F-2

ENERGY & TECHNOLOGY, CORP.

Consolidated Statements of Operations

For the Years Ended December 31, ~~2015~~2017 and ~~2014~~2016

	2015			2014
	2017			2016
Revenues	$	2,~~201~~559,~~284~~826		$	31,~~956~~905,~~612~~711
Cost of Revenues
Materials and Supplies		~~143~~300,~~319~~639			~~759~~88,~~377~~152
Subcontract Labor		~~431~~679,~~006~~631			~~679~~344,~~787~~501
Depreciation		~~423~~257,~~567~~852			~~749~~269,~~869~~570
Employee and Related Costs		~~470~~436,~~965~~564			~~522~~341,~~714~~587
Repairs and Maintenance		~~130~~178,~~506~~826			~~115~~45,~~171~~929
Insurance		~~145~~44,~~577~~835			~~157~~78,~~926~~569
Other Costs		~~526~~469,~~462~~063			~~766~~579,~~352~~896
Total Cost of Revenues		2,~~271~~367,~~402~~411			31,~~751~~748,~~196~~203
Gross Profit		~~(70~~192,~~119~~415	)		~~205~~157,~~416~~508
Operating Expenses
Selling, General, and Administration		1,~~591~~369,~~615~~495			1,~~759~~061,~~306~~878
Depreciation		~~119~~110,~~211~~101			~~118~~110,~~933~~501
Bad Debts					(2,399	)
Total Operating Expenses		1,479,596			1,172,379
Total Operating Expenses		1,710,826			1,875,840
Loss from Operations		(1,287,181	)		(1,014,871	)
Loss from Operations		(1,780,945	)		(1,670,424	)
Other Income (Expense)
Income from Lawsuit Settlement		2167,~~402,936~~213			-70,475
Gain (Loss) on Sale of Assets		2,105			(214	)
Interest Income		125			865
Interest Income		2,479			13,159
Interest Expense		(185,952	)		(343,761	)
Interest Expense		(17,229	)		(64,461	)
Other Income		(2,232	)		(3,264	)
Other Income		(8,584	)		67
Total Other Expense		(20,845	)		(275,685	)
Total Other Expense		2,381,707			(51,449	)
Loss Before Provision for Income Taxes		(1,308,026	)		(1,290,556	)
Loss Before Provision for Income Taxes		600,762			(1,721,873	)
Benefit for Income Taxes		0			0
Benefit for Income Taxes		0			(161,080	)
Net Income (Loss)	$	(1,308,026	)	$	(1,290,556	)
Net Income (Loss)	$	600,762		$	(1,560,793	)
Loss per Share - Basic	$	-		$	-
Loss per Share - Basic	$	0.004		$	(0.010	)
Loss per Share - Diluted	$	-		$	-
Loss per Share - Diluted	$	0.004		$	(0.010	)

11F-3

ENERGY & TECHNOLOGY, CORP.

Consolidated Statements of Changes in Stockholders' Equity

For the Years Ended December 31, ~~2015~~2016 and ~~2014~~December 31, 2017

	Common Stock				Treasury Stock						Additional Paid-In		Retained			Total Stockholders'
	Shares		Amount		Shares			Amount			Capital		Earnings			Equity
Balance at January 1, 2014		169,186,117	$	169,186	$	(20,276	)	$	(120,845	)	$	4,204,565	$	(1,690,000	)	$	2,562,906
Balance at January 1, 2016		169,186,117	$	169,186		(3,637,351	)	$	(4,076,441	)	$	4,204,564	$	(2,650,031	)	$	(2,352,722	)
Share buyback						(3,617,075	)		(3,955,596	)						$	(3,955,596	)
Stock Issued		12,000	$	12								5,027				$	5,039
Bonus shares issued									-					-		$	-
Net (Loss)		-		-					-			-		(1,290,555	)	$	(1,290,555	)
Net (Loss)		-		-					-			-		(1,560,793	)	$	(1,560,793	)
Balance at December 31, 2016		169,198,117	$	169,198		(3,637,351	)	$	(4,076,441	)	$	4,209,591	$	(3,940,586	)	$	(3,638,238	)
Balance at December 31, 2014		169,186,117	$	169,186		(3,637,351	)	$	(4,076,441	)	$	4,204,565	$	(3,250,793	)	$	(2,953,483	)
Balance at January 1, 2017		169,198,117		169,198		(3,637,351	)		(4,076,441	)		4,209,591		(3,940,586	)		(3,638,238	)
Balance at January 1, 2015		169,186,117		169,186		(3,637,351	)		(4,076,441	)		4,204,565		(3,250,793	)		(2,953,483	)
Net (Loss)		-		-								-		(1,308,025	)	$	(1,308,025	)
Net (Loss)		-		-								-		600,762		$	600,762
Balance at December 31, 2017		169,198,117	$	169,198	$	(3,637,351	)	$	(4,076,441	)	$	4,209,591	$	(5,248,611	)	$	(4,946,263	)
Balance at December 31, 2015		169,186,117	$	169,186	$	(3,637,351	)	$	(4,076,441	)	$	4,204,565	$	(2,650,031	)	$	(2,352,721	)

12F-4

ENERGY & TECHNOLOGY, CORP.

Consolidated Statements of Cash Flows

For the Years Ended December 31, ~~2015~~2017 and ~~2014~~2016

	2015			2014
	2017			2016
Cash Flows from Operating Activities
Net Income (Loss)	$	~~600~~(1,~~762~~308,025	)	$	(1,~~560~~290,~~793~~556	)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities
Bad Debts					(2,399	)
Depreciation		374,202			302,480
Depreciation		542,778			868,802
Investments		2,232
Income from Lawsuit Settlement		(2,252,936	)
Accrued Rent		150,000			150,000
Gain Loss on sale of asset		2,105
Paid in Capital					5,027
Disposal of Asset		(58,178	)
Common Stock Issued					12
Changes in Assets and Liabilities
Trade Receivables		58(28,~~023~~810	)		~~608~~2,~~545~~295
Other Receivables		~~(25,415~~	)		~~(87~~187,~~684~~366	)
Inventory		-104,748			~~248,447~~
Prepaid Expenses		7(43,~~185~~442	)		165,~~882~~713
Accounts Payable		~~147~~274,~~775~~048			~~699~~17,~~590~~119
Accrued Payroll and Payroll Liabilities		~~(68,022~~	)		~~(22~~101,~~747~~880	)
Income Taxes Payable					~~(124,649~~	)
Accrued Rent		~~150,000~~			~~20,000~~
Net Cash Provided by Operating Activities		(~~895~~475,~~923~~047	)		~~663~~(518,~~994~~664	)
Cash Flows from Investing Activities
Other Assets		10(92,~~040~~455	)		~~(54~~14,~~097~~737	)
Purchase of Property and Equipment		(290,202	)		(434,987	)
Other Receivable
Net Cash Provided by (Used in) Investing Activities		(280,162	)		(489,084	)
Sale of Property and Equipment
Purchase of Property and Equipment		(41,750	)
Net Cash Provided by (Used in) Investing Activities		(134,205	)		14,737
Cash Flows from Financing Activities
Purchase of Treasury Stock					~~(20,379~~	)
Borrowings (Principal Repayments) to Affiliates		~~126~~341,~~224~~299			~~(629~~326,~~091~~321	)
Borrowings (Principal Repayments) on Notes Payable		5146,~~003~~053			~~(316~~296,~~789~~693	)
Net Cash Provided by (Used in) Financing Activities		~~131~~487,~~227~~352			~~(966~~623,~~259~~014	)
Net Increase (Decrease) in Cash and Cash Equivalents		(1121,~~044,858~~900	)		~~(791~~119,~~349~~087	)
Cash and Cash Equivalents, Beginning of Year		1158,~~083,839~~068			138,~~875,188~~981
Cash and Cash Equivalents, End of Year	$	3836,~~981~~168		$	1158,~~083,839~~068
Supplemental Disclosure of Cash Flow Information
Cash Paid During the Period for Interest	$	1728,~~229~~543		$	6420,~~462~~153
Cash Paid During the Period for Income Taxes	$	-		$	~~155,919~~
Non-Cash Investing and Financing Activity
Issuance of Notes Payable to Purchase Treasury Stock	$	-		$	3,935,217
Transfer of Property for Reduction of Notes Payable

13F-5

ENERGY & TECHNOLOGY, CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

Note 1.

Organization

This Financial statement is unaudited and awaiting for the audited version to be amended. Energy and Technology, Corp. (the Company) was formed November 29, 2006 under the laws of the State of Delaware in order to acquire and to take over the assets and business of Technical Industries, Inc. (TII). On that date, the Company issued 125,000,000 shares of common stock to American Interest, LLC, in exchange for founder services rendered. The fair value of these services was considered immaterial, and no amounts were recognized in the financial statements. At the time the shares were issued to American Interest, LLC, the Company had no assets, operations, or cash flows. As such, the stock had no value at the time the Company was established. The par value was arbitrarily established in order to comply with the State of Delaware laws. In order to reflect the par value of the shares issued, the Company recognized a discount on capital stock as a contra-equity account within the equity section of the consolidated balance sheets.

On January 3, 2007, the Company entered into a Stock Exchange Agreement and Share Exchange (the Agreement) whereby the sole shareholder of TII exchanged all of the outstanding shares of the TII to the Company in exchange for 50,000,000 shares of Company stock. Accordingly, TII became a wholly-owned subsidiary of the Company. The assets acquired and liabilities assumed were recorded at the carrying value to TII since TII and the Company were under common control prior to the acquisition.

TII specializes in the non-destructive testing of vessels, oilfield equipment and mainly pipe, including ultrasonic testing, utilizing the latest technologies. These technologies enable TII to (i) provide detailed information to customers regarding each pipe tested, and (ii) reach energy reserves present technology cannot reach without extra cost to the oil and gas companies. Because of the intense scrutiny applied to each section of pipe, TII is able to generate data which allows the pipe to be used in the most extreme conditions, and has been proven especially useful in deep water drilling operations in the Gulf of Mexico.

On August 29, 2009, the Company effected a name change from Technical Industries & Energy Corp. to Energy & Technology, Corp. to better reflect the nature of the Company’s business.

Note 2.

Summary of Significant Accounting Policies

Basis of Presentation and Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Technical Industries, Inc., the accounts of Energy Pipe, LLC (a variable interest entity), and the accounts of Energy Technology Manufacturing & Threading, LLC (a variable interest entity). All significant intercompany balances and transactions have been eliminated.

The consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of financial information for the interim periods presented. These adjustments are of a normal recurring nature and include appropriate estimated provisions.

Basis of Accounting

Assets, liabilities, revenues and expenses are recognized on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect amounts reported in the financial statements. Accordingly, actual results could differ from those estimates due to information that becomes available subsequent to the issuance of the financial statements or for other reasons.

Revenue Recognition

Revenue for Exploration Technologies is recognized when persuasive evidence of an arrangement exist, services have been rendered, the seller’s price to the buyer is fixed or determinable, and collectability is reasonably assured.

Revenue for manufacturing services is recognized when persuasive evidence of an arrangement exist, services have been rendered, the seller’s price to the buyer is fixed or determinable, and collectability is reasonably assured.

Revenue for Warehouse & Storage Fees is recognized at the beginning of the month when billed.

14F-6

ENERGY & TECHNOLOGY, CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

Note 2.

Summary of Significant Accounting Policies (Continued)

Revenue for the sales of pipe is is recognized when products are delivered and the customer takes ownership and assumes risk of loss, collection of the relevant ~~receivable~~ receivable is reasonable, persuasive evidence of an arrangement exists and the sales price is fixed or determinable. The Company's pipe division sells pipe on trade accounts under terms common in the industry and ~~the associated costs are included in cost of sales.~~

the associated costs are included in cost of sales.

Trade Receivables

Trade accounts receivable are carried at their estimated collectible amounts. Trade credit is generally extended on a short-term basis; thus receivables do not bear interest, although a finance charge may be applied to amounts past due. Trade accounts receivable are periodically evaluated for collectability based on past credit.

Allowance for Doubtful Accounts

The company calculates the allowance based on the history with customers and their current financial condition. Provisions of uncollectible amounts are determined based on management’s estimate of collectability. Allowance for doubtful accounts was $3,078 for the years ended December 31, ~~2015~~2017 and ~~2014~~2016.

Inventory

Inventories are stated at the ~~lower~~ lower of cost or market. The company periodically reviews the value of items in inventory and provides write-downs or write-offs of of inventory based on its assessment of market conditions. Write-downs and write-offs are charged to Loss on Inventory Valuation under Operating Expenses. At December 31, ~~2015~~2017 and ~~2014~~2016, inventory consisted of pipe available for sale.

Property and Equipment

Property and equipment are stated at cost. Expenditures for property and equipment and items that substantially increase the useful lives of existing assets are capitalized at cost and depreciated. Routine expenditures for repairs and maintenance are expensed as incurred. The cost and related accumulated depreciation of property and equipment disposed of are eliminated from the accounts, and any resulting gain or loss is recognized. Depreciation is provided utilizing the straight-line method over the estimated useful lives of the assets capitalized.

Valuation of Long-Lived Assets

In the event facts and circumstances indicate that carrying amounts of long-lived assets may be impaired, the Company evaluates the recoverability of its long-lived assets using the estimated future undiscounted cash flows associated with the asset compared to the asset’s carrying amount to determine if a write-down is required, pursuant to the provisions of Financial Accounting Standards Board (FASB) ASC 360-10-35. Any impairment loss is measured as the difference between the carrying amount and the fair value of the impaired asset.

Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments and trade receivables. ~~Concentration~~ ~~of credit risk with respect to trade receivables is limited due to the Company’s large number of customers.~~ At December 31, ~~2015~~2017, the balance due from ~~two~~three customers represented 5855% of receivables, and sales to those ~~two~~three customers represented 6147% of revenues for the year ended December 31, ~~2015~~2017.

The Company maintains cash balances at several financial institutions, and periodically maintains cash in bank accounts in excess of insured limits. The Company has not experienced any losses and does not believe that significant credit risk exists as a result of this practice.

Advertising

The Company charges the costs of of advertising to expense as incurred. Advertising expense was $810,~~100~~353 and $327,~~264~~813, for the year ended December 31, ~~2015~~2017 and ~~2014~~2016, respectively.

Cash Flows

For purposes of the consolidated statement of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.

Income Taxes

When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any.

15F-7

ENERGY & TECHNOLOGY, CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

Note 2.

Summary of Significant Accounting Policies (Continued)

Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above would be reflected as a liability for unrecognized tax benefits in the consolidated balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits would be classified as additional income taxes in the statement of operations.

Emerging Growth Company Critical Accounting Policy Disclosure

The Company qualifies as an an “emerging growth company” under the 2012 JOBS Act. Section 107 of the JOBS Act provides that an emerging ~~growth~~ growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. As an emerging growth company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company may elect to take advantage of the benefits of this extended transition ~~period in the future.~~

~~Going~~period ~~Concern~~in the future.

The company is considered to be in the oil industry. Because of the recent downturn of the market, the financial statements were prepared on a going concern basis. The going concern basis assumes that the company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. During the year ended December 31, 2015, the company had a net income of $600,762, negative cash flow from operations of $895,923, and negative working capital of $5,404,498. Given the company maintained positive cash flow from operations, it believes that it will have sufficient capital to operate over the next 12 months.

Historically, the company has had operating losses, negative cash flow from operations, and working capital deficiencies. Whether, and when, the company can attain profitability and positive working capital is uncertain. The company is also uncertain whether it can obtain funding to continue operations. These uncertainties cast significant doubt upon the company’s ability to continue as a going concern.

The company will need to raise capital in order to fund its operation. This need may be adversely impacted by uncertain market conditions and approval by regulatory bodies. To address its financing requirements, the company will seek financing from related parties, equity financing and asset sales. The outcome of these matters cannot be predicted at this time.

Patents

On September 4, 2007, the Company’s chief executive officer was awarded a patent from the United States Patent and Trademark Office pertaining to his development of specialized testing procedures for tubing casing, line pipe, and expandable liners utilized by oil-exploration companies which was subsequently transferred to the Company.

In a prior year, the Company’s costs associated with its development of these testing procedures and application for patent have been capitalized and recognized as an asset in the Company’s balance sheet, and was being amortized over 20 years. Audit findings for 2014 resulted in the write off of the Patents and the related Accumulated Amortization due to the fact that they were internally created. GAAP requires that internally created Patents be expensed as incurred instead of amortized.

Recent Accounting Pronouncements

Management does not expect any impact from the adoption of new accounting pronouncements.

Comprehensive Income

The Company had no ~~components~~ components of comprehensive income. Therefore, net income (loss) equals comprehensive ~~income (loss) for the periods presented.~~

16income (loss) for the periods presented.

ENERGY & TECHNOLOGY, CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

Note 3.

Property and Equipment

	2015		2014
	2017		2016
Buildings and Improvements	$	3,157,~~938~~937	$	3,~~042~~157,~~385~~937
Equipment		5,~~878~~975,~~980~~208		5,~~827~~949,~~229~~208
Autos and Trucks		~~260~~276,~~932~~682		~~304~~260,~~495~~932
Office Furniture		34,025		3234,~~657~~025
Construction in Progress		~~349~~350,~~304~~418		~~184~~356,~~211~~667
		9,681,179		9,390,977
		9,794,271		9,758,769
Less: Accumulated Depreciation		-67,~~595~~344,~~989~~013		-6,~~109~~976,~~284~~059
Total	$	32,~~085~~450,~~190~~258	$	32,~~281~~782,~~693~~710

Depreciation expense amounted to to $~~542~~374,~~778~~202 and $~~868~~380,~~802~~070 for the period ended December 31, ~~2015~~2017 and ~~2014~~2016, respectively.

During 2014, the company purchased equipment in the amount of $435,203 and disposed of equipment resulting in decrease in Accumulated Depreciation of $1,595 and a loss of $214. During 2015, the company purchased equipment in the amount of $290,202 and disposed of equipment resulting in a decrease in Accumulated Depreciation of $56,073 and a gain of $2,105.

Note 4.

Related Party Transactions

Energy & Technology, Corp is a holding company. Its subsidiaries include: Technical Industries, Inc. (NDT Inspection Services are done in this company), Energy Technology Manufacturing & Threading, LLC (threading and manufacturing services are done in this company), and Energy Pipe, LLC (pipe sales are done in this company). All significant intercompany transactions are eliminated in consolidation.

Additionally, St. Charles Real Estate Corp LLC ~~owns~~ owns the land in Houston, Texas where the Company maintains its pipe inventory, as well as the Houston facility. The Company has a month to month lease for $12,500 with St. Charles Real Estate but is accruing rent instead of paying. As of December 31, ~~2014~~ 2017 and December 31, ~~2015~~2016 the total owed is $12,~~957~~407,500 and $2,~~107~~257,500, respectively. St. Charles Real Estate Corp LLC is owned by various members of the Sfeir family.

The Company has one balance due American Interest LLC (AIC) the majority stockholder of the Energy & Technology, Corp.: A note AIC, LLC. purchased from Mustang for the original purchase of the Company which bears interest at F-8%. Included in due to affiliates at December 31, 2015 and 2014, is $52,516 and $62,844, respectively, in acquisition debts paid by affiliates upon the acquisition of the Company in 1999. The affiliates maintain a lien on the Company’s accounts receivable and equipment to secure this loan. The amounts due to the affiliates have no set terms of repayment and bear interest at 8.00%. Interest expense associated with this obligation totaled $11,161 and $55,355 for the years ended December 31, 2015 and 2014, respectively.

Note 5. Notes Payable

Notes payable at December 31, 2015 and December 31, 2014 consist of the following:

	2015		2014
Secured fixed term note of $60,303 due November 2015; fixed interest rate of 2.9%		-		4,248
Secured fixed term note of $23,968 due February 2016; fixed interest rate of 6.0%		-		3,801
Secured fixed term note of $31,905 due March 2019; fixed interest rate of 6.0%		21,174		-
Secured fixed term note of $48,601.50 due November 2020; fixed interest rate of 3.39%		39,151		47,274
Unsecured variable term note of $3,935,217 due on demand; fixed consulting fee of 4.0%		3,935,217		3,935,217
	$	3,995,542	$	3,990,540
Less: Current Portion		3,962,130		3,951,389
Long-Term Portion	$	33,412	$	39,151

Following are maturities of long-term debt at December 31, 2015:

Fiscal Year Ending December 31,	Amount
2017	$	8,280
2018		8,280
2019		8,280
2020		8,572
Total	$	33,412

ENERGY & TECHNOLOGY, CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

Note 5.

Notes Payable

Notes payable at December 31, 2017 and December 31, 2016 consist of the following:

	2017		2016
Secured fixed term note of $48,601.50 due November 2020; fixed interest rate of 3.39%		22,057		30,749
Unsecured variable term note of $3,935,217 ; fixed interest rate of 4.0%		4,416,232		4,258,823
Secured fixed term note of $31,905.36 due March 2018; fixed interest rate of 5.4%		-		2,664
	$	4,438,289	$	4,292,236
Less: Current Portion		4,425,147		4,270,179
Long-Term Portion	$	13,142	$	22,057

Following are maturities of long-term debt at December 31, 2017:

Fiscal Year Ending December 31,	Amount
2018	$	8,280
2019		4,862

Total	$	13,142

Note 6.

Income Taxes

For the year ended December 31, ~~2015~~2017, the Company has filed an extension for income tax purposes. As of the date of this report, the Company does not have any ~~information~~ information as to the nature of the provision for income taxes. ~~For the year ended December 31, 2014, the Company reported an income tax benefit of $161,080. This was the result of our net operating loss carry-back.~~

Note 7.

Equity

The Company is authorized to ~~issue~~ issue 250,000,000 shares of common stock at a par value of $.001 per share. The number of shares issued and outstanding are 165,~~548~~560,766 and 165,548,766 as of December 31, ~~2015~~2017 and December 31, ~~2014~~2016.

The Company is authorized to ~~issue~~ issue 10,000,000 shares of preferred stock. As of December 31, ~~2015~~2017 and December 31, ~~2014~~2016, there were no shares issued and outstanding.

In 2014, the company issued an unsecured variable term note of $3,935,217 to purchase 3,580,000 shares of common stock which now is in Treasury. The company also purchased 37,075 shares of common stock for $20,379. These shares are also held in Treasury.

Note 8.

Earnings per Share

Earnings (loss) per share are calculated in accordance with ASC 260 “Earnings per Share”. The weighted average number of common shares outstanding during each period is used to compute basic earnings (loss) per share. Diluted earnings per share are computed using the weighted average number of shares and potentially dilutive common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Potentially dilutive common shares consist of stock options and are excluded from the diluted earnings per share computation in periods where the Company has incurred a net loss, as their effect would be considered anti-dilutive.

There were no potentially dilutive common stock equivalents as of December 31, ~~2015~~2017, therefore basic earnings per share equals diluted earnings per share for the year ended December 31, ~~2014~~2017. As the Company incurred a net loss during the year ended December 31, ~~2015~~2017, the basic and diluted loss per common share is the same amount, as any common stock equivalents would be considered anti-dilutive.

AsThe ~~the~~weighted ~~Company~~average ~~incurred~~common ashares outstanding ~~net~~were ~~loss during~~165,560,766 for the ~~year~~years ended December 31, ~~2015,~~2017 ~~the basic~~ and ~~diluted loss per common share is the same amount, as any common stock equivalents would be considered anti-dilutive~~2016.

The weighted average common shares outstanding were 168,332,363 for the years ended December 31, 2015 and 2014.

Note 9.

Commitments

The Company leases office premises, operating facilities, and equipment under operating leases expiring in various years through 2030. The Company also leases land for operating purposes on a month to month basis. Rent expense for the year ended December 31, ~~2014~~2017 and ~~2013~~2016 was $~~249~~217,~~556~~516, and $~~209~~244,~~860~~611, respectively.

Minimum future rental payments ~~under~~ under operating leases having remaining terms in excess of one year as of December 31, ~~2015~~2017 are as follows:

2016		6,000
2017		6,000
2018		6,000
2019		6,000
2020		6,000
2019		6,000
Thereafter		64,500
Total	$	88,500

~~Note 10. Litigation and Contingent Liabilities~~F-9

Presently, the company has no pending litigation filed against it. However, in the ordinary course of our business, we are, from time to time, subject to various legal proceedings, including matters involving employees, customers, and suppliers. We may enter into discussions regarding settlement of claims or lawsuits, and may enter into settlement agreements, if we believe settlement is in the best interest of our stockholders. We do not believe that any existing legal proceedings or settlements, individually or in the aggregate, will have a material effect on our financial condition, results of operations, or liquidity.

ENERGY & TECHNOLOGY, CORP.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

Note 10.

Litigation and Contingent Liabilities

Presently, the company does have pending litigation filed against it involving a former employee suing for the purchase of his stock. In the ordinary course of our business, we are, from time to time, subject to various legal proceedings, including matters involving employees, customers, and suppliers. We may enter into discussions regarding settlement of claims or lawsuits, and may enter into settlement agreements, if we believe settlement is in the best interest of our stockholders. We do not believe that any existing legal proceedings or settlements, individually or in the aggregate, will have a material effect on our financial condition, results of operations, or liquidity.

Note 11.

Major Customers

For the year ended December 31, ~~2015~~2017, the Company had ~~two~~three customers which generated revenues in excess of 10% of the Company’s total revenues. Revenues for these ~~two~~three customers were approximately 6168% of total revenues, and total balance due from these two customers at December ~~31,~~ ~~2015 was $143,605. For the year ended December~~ 31, ~~2014,~~2017 ~~the~~was Company had two customers for which revenue generated from the customer amounted to approximately 54% of the Company’s total revenue. At December 31, 2014, these customers had a trade receivable balance of $~~151~~121,~~582~~171.

Note 12.

Estimated Fair Value of Financial Instruments

The following disclosure is made in accordance with the requirements of FASB ASC 825, Financial Instruments. Financial instruments are defined as cash and contractual rights and obligations that require settlement, directly or indirectly, in cash. In cases where quoted market prices are not available, fair values have been estimated using the present value of future cash flows or other valuation techniques.

The result of these techniques are highly sensitive to the assumptions used, such as those concerning appropriate discount rates and estimates of future cash flows, which require considerable judgment. Accordingly, estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current settlement of the underlying financial instruments. ASC 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. These disclosures should not be interpreted as representing an aggregate measure of the underlying value of the Company.

December 31,

2015

2014

2017

2016

Carrying

Fair

Carrying

Fair

Amount

Value

Amount

Value

Financial Assets

Investments

482,~~450~~289

584,~~490~~521

482,~~450~~289

584,~~490~~521

The following methods and assumptions were used by the Company in estimating fair values for financial instruments:

Investments: The carrying amount reported in the balance sheet approximates fair value.

Note 13.

Subsequent Events

In accordance with the subsequent events topic of the FASB ASC, Topic No. 855, Subsequent Events, the Company evaluates events and transactions that occur after the balance sheet date for potential recognition in the financial statements. The effects of all subsequent events that ~~provide~~ provide additional evidence of conditions that existed at the balance sheet date are recognized in the financial statements as of December 31, ~~2015~~2017. In preparing these financial statements, the Company evaluated the events and transactions through the date these financial statements were issued. The following events should be noted:

The Company has filed a lawsuit against a competitor alleging patent infringement. To the date of this financial statement being issued, there is no response from our competitor in regards to this allegation.

19F-10

ITEM 9.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

Our accountant iswas MaloneBailey,LLP. We do ~~not~~are presently ~~intend~~looking to change accountants to timely comply with financial rules and regulations. At no time have there been any disagreements with such accountants regarding any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

ITEM 9A.

CONTROLS AND PROCEDURES

Evaluation of disclosure controls ~~and~~ and procedures

As of the end of the period covered by ~~this~~ this Annual Report, under the supervision and with the participation of management, including our Chief Executive Officer and principal financial officer, we conducted an evaluation of the Company’s disclosure controls and procedures. As defined by Rule 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the Exchange Act), the term “disclosure controls and procedures” means our controls and other procedures that are designed to ensure that information required to be disclosed in reports that we we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by ~~the~~ the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to to ensure that information required to be disclosed in the reports we file or submit under the Exchange Act is accumulated and ~~communicated~~ communicated to our Company’s management, including Certifying Officers, to allow timely decisions regarding required disclosure. ~~Based~~ Based on this evaluation, we have concluded that our disclosure controls and procedures were effective as of ~~December~~year ~~31, 2015~~end.

MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Our management is also responsible for ~~establishing~~ establishing ICFR as defined in Rules 13a-15(f) and 15(d)-15(f) under the Exchange Act. Our ICFR are intended to be designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Our ICFR are expected to include those policies and ~~procedures~~ procedures that management believes are necessary that:

(i)

pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

(ii)

provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and our directors; and

(iii)

provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the financial statements.

Management recognizes that there are inherent limitations in the effectiveness of any system of internal control, and accordingly, even effective internal control can provide only reasonable assurance with respect of financial statement preparation and may not prevent or detect misstatements. In addition, effective internal control at a point in time may become ineffective in future periods because of changes in conditions or due to deterioration in the degree of compliance with our established policies and procedures.

As of ~~December~~year 31end, ~~2015,~~ management assessed ~~the~~ the effectiveness of our internal control over financial reporting (ICFR) based on the criteria for effective ICFR established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and SEC guidance on conducting such assessments by smaller reporting companies and non-accelerated filers. Based on that ~~evaluation~~ evaluation and the criteria set forth in the COSO Report, management concluded that the Company’s internal control over financial reporting was effective as of ~~December~~the ~~31,~~end ~~2015~~of the period covered by this report.

This annual report does not include an ~~attestation~~ attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by our registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this Annual Report.

Changes in internal controls

There have been no changes in our internal control over financial reporting that occurred during our fiscal ~~quarter~~year ~~ended June 30, 2015~~ that have materially affected, or are likely to materially affect, our internal control over financial reporting.

2010

PART III

ITEM 10.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS: COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT

Our executive officer’s and director’s and their ~~respective~~ respective ages as of December 31, ~~2015~~2017 are as follows:

NAME		AGE		POSITION
George Sfeir		59		President, Chief Executive Officer, Chief Financial Officer and Director

Set forth below is a brief description of the background and ~~business~~ business experience of our executive officers and directors for the past ~~five years~~year.

George M. Sfeir is a 1972 graduate of Saint George College (Lebanon) and the University of Louisiana at Lafayette, Louisiana in general & legal studies. He has worked in the oil and gas industry since May 1972. He has worked for companies throughout the Middle East, North and South America, and Africa doing inspections on oil and gas fields. Mr. Sfeir is fluent in English, French, Arabic, Spanish, and Italian. Mr. Sfeir has worked with Technical Industries, Inc. as a consultant since January of 1980 and as CEO since 1998.

~~Edmund~~Term ~~J. Baudoin, Jr., is a 1979 graduate~~ of the University of Southwestern Louisiana where he earned a B.S. in Business Administration. After graduation, Mr. Baudoin joined Technical Industries, Inc. and served as Vice President before resigning in 1999 to perform title research and abstracting work as a Landman, before rejoining Technical Industries, Inc. in 2009. Mr. Baudoin has over 32 years of experience in the oilfield industry. He currently serves as Administrator of Technical Industries, Inc., and was appointed Treasurer of the Company on August 29, 2009 until resigning year ending December 31, 2014 for personal reasons.Office

~~Amer~~Our ~~Salhi~~directors ~~was~~are ~~born~~appointed infor ~~The~~a ~~Kingdom~~one-year ofterm ~~Saudi~~to ~~Arabia.~~hold Heoffice ~~attended~~until ~~Hashemite~~the ~~University~~next ofannual ~~the~~general ~~Kingdom~~meeting of ~~Jordan~~our ~~2002~~shareholders toor ~~2006,~~until ~~and~~removed ~~received~~from ~~his~~office ~~Bachelor’s degree~~ in ~~Business~~accordance ~~Administration.~~with ~~Following graduation, Mr. Salhi enrolled at the Southeastern Louisiana University in Hammond Louisiana~~our ~~and received his MBA minor in accounting in December 2009~~bylaws. ~~Mr.~~Our ~~Salhi~~officers ~~joined~~are ~~Energy~~appointed &by ~~Technology,~~our ~~Corp.~~board ~~October~~ of ~~2010,~~directors ~~where he served in the capacity as Accountant. He was appointed C.F.O~~ and ~~Secretary~~hold ofoffice ~~the~~until ~~company~~removed onby ~~April 12, 2011. Amer Salhi resigned his post, for personal reasons, after~~ the ~~completion of the 2013 audit and George M. Sfeir has filled his position.~~board

~~Term~~Compliance ofWith ~~Office~~Section 16(A) Of The Exchange Act.

~~Our~~Section ~~directors~~16(a) ~~are~~of ~~appointed~~the ~~for~~Exchange aAct ~~one-year~~requires ~~term~~the toCompany’s ~~hold~~officers ~~office~~and ~~until~~directors, ~~the~~and ~~next~~persons ~~annual~~who ~~general~~beneficially ~~meeting~~own more than 10% of ~~our~~a ~~shareholders~~registered orclass ~~until~~of ~~removed~~the ~~from~~Company’s equity ~~office~~securities, to file reports of ownership and changes in ~~accordance~~ownership with ~~our~~ ~~bylaws.~~the ~~Our~~Securities ~~officers~~and Exchange Commission and are ~~appointed~~required to byfurnish ~~our~~copies ~~board~~to the Company. To the best of ~~directors~~the ~~and~~Company’s ~~hold~~knowledge, ~~office~~any ~~until~~reports ~~removed~~required byto be filed were timely filed in the ~~board~~fiscal year.

~~Compliance~~Code ~~With~~of ~~Section 16(A) Of The Exchange Act.~~Ethics

~~Section~~The ~~16(a) of the Exchange Act requires the~~ Company’s ~~officers~~has ~~and~~adopted ~~directors, and persons who beneficially own more than 10% of~~ a ~~registered~~Code ~~class~~ of ~~the Company’s~~Ethics ~~equity~~applicable ~~securities,~~ to ~~file~~its ~~reports~~Chief ofExecutive ~~ownership~~Officer and ~~changes~~Chief inFinancial ~~ownership with the Securities and Exchange Commission and are required to furnish copies to the Company~~Officer. ToThis ~~the~~Code ~~best~~ of ~~the~~Ethics ~~Company’s~~is ~~knowledge,~~incorporated ~~any~~by ~~reports~~reference ~~required~~ to beForm 10-K filed ~~were~~on ~~timely~~March ~~filed in fiscal year ended December 31~~30, ~~2015~~2009.

~~Code~~ITEM of11. ~~Ethics~~EXECUTIVE COMPENSATION

The ~~Company~~table ~~has~~below ~~adopted~~summarizes aall ~~Code~~compensation awarded ofto, ~~Ethics~~earned ~~applicable~~ by, or paid to ~~its~~our ~~Chief~~executive ~~Executive~~officers ~~Officer~~by ~~and~~any ~~Chief~~person ~~Financial~~for ~~Officer~~all services rendered in all capacities to us for the fiscal year ended December 31, 2017 and 2016. The ~~This~~following ~~Code~~summary ofcompensation ~~Ethics~~table issets ~~incorporated~~forth all compensation awarded to, earned by, ~~reference~~or paid to ~~Form~~the ~~10-K~~named ~~filed~~executive officers paid by us during the years ended December 31, 2017, and 2016 in all capacities onfor ~~March~~the 30accounts of our executives, ~~2009.~~including the Chief Executive Officer (CEO) and Chief Financial Officer (CFO):

~~ITEM~~SUMMARY ~~11. EXECUTIVE~~ COMPENSATION TABLE

The table below summarizes all compensation awarded to, earned by, or paid to our executive officers by any person for all services rendered in all capacities to us for the fiscal year ended December 31, 2015 and 2014. The following summary compensation table sets forth all compensation awarded to, earned by, or paid to the named executive officers paid by us during the years ended December 31, 2015, and 2014 in all capacities for the accounts of our executives, including the Chief Executive Officer (CEO) and Chief Financial Officer (CFO):

											Non-Equity		Non-Qualified
							Stock		Option		Incentive Plan		Deferred		All Other
			Salary		Bonus		Awards		Awards		Compensation		Compensation		Compensation		Totals
Name and Principal Position	Year		($)		($)		($)		($)		($)		($)		($)		($)
George Sfeir, President, Chief Executive Officer and Director		2017		120,640		0		0		0		0		0		0		120,640
		2016		85,840		0		0		0		0		0		0		85,840

Amer Salhi,		2014		0		0		0		0		0		0		0		0
Chief Financial Officer and Secretary		2013		52,400		300		0		0		0		0		0		52,700

Edmund J. Baudoin, Jr., Treasurer		2014		60,320		200		0		0		0		0		0		60,520
		2013		59,544		416		0		0		0		0		0		59,960

21Option Grants Table. There were no individual grants of stock options to purchase our common stock made to the executive officer named in the Summary Compensation Table through December 31, 2017.

~~SUMMARY COMPENSATION TABLE~~11

Name and Principal Position	Year		Salary ($)		Bonus ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Non-Qualified Deferred Compensation ($)		All Other Compensation ($)		Totals ($)
George Sfeir, President, Chief Executive Officer		2015		71,050		0		0		0		0		0		0		71,050
and Director		2014		120,640		0		0		0		0		0		0		120,640

Aggregated Option Exercises and Fiscal Year-End Option Value Table. There were no stock options exercised during period ending December 31, 2017 by the executive officer named in the Summary Compensation Table.

~~Option~~Long-Term ~~Grants~~Incentive Plan (“LTIP”) Awards Table. There were no ~~individual~~awards ~~grants of stock options to purchase our common stock~~ made to ~~the~~a named executive officer ~~named~~ in the ~~Summary~~last ~~Compensation Table~~completed ~~through~~fiscal ~~December~~year ~~31,~~under ~~2015.~~any LTIP

~~Aggregated Option Exercises and Fiscal Year-End Option Value Table. There were no stock options exercised during period ending December 31, 2015 by the executive officer named in the Summary~~ Compensation ~~Table.~~of Directors

~~Long-Term~~Directors ~~Incentive~~are ~~Plan~~permitted ~~(“LTIP”)~~to receive fixed ~~Awards~~fees ~~Table~~and other compensation for their services as directors. ~~There~~The ~~were~~Board noof ~~awards~~Directors ~~made~~has the authority to afix ~~named~~the ~~executive~~compensation ~~officer~~of directors. inNo ~~the~~amounts ~~last~~have ~~completed~~been ~~fiscal~~paid ~~year~~to, ~~under~~or ~~any~~accrued ~~LTIP~~to, directors in such capacity.

~~Compensation~~Employment ~~of Directors~~Agreements

~~Directors~~We ~~are~~do ~~permitted~~not tohave ~~receive~~any ~~fixed~~employment ~~fees~~agreements ~~and~~in ~~other~~place ~~compensation~~with ~~for~~our ~~their~~officers ~~services as directors. The Board of Directors has the authority to fix the compensation of directors. No amounts have been paid to,~~ or ~~accrued to,~~ directors ~~in such capacity~~.

~~Employment~~ITEM ~~Agreements~~12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

WeThe dofollowing ~~not~~table ~~have~~provides ~~any~~the ~~employment~~names and ~~agreements~~addresses ~~in place~~of ~~with~~each person known to us to own more than 5% of our outstanding shares of common stock as of December 31, 2017 and by the officers orand directors, individually and as a group. Except as otherwise indicated, all shares are owned directly.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

	Name and Address	Amount and Nature		Percent of
Title of Class	of Beneficial Owner	of Beneficial Owner		Class (1)

Common Stock	American Interest, LLC (2)		149,146,255		90.1	%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505

Common Stock	Sfeir Family Trust (2)		13,732,500		8.3	%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505

Common Stock	Edmund J. Baudoin, Jr.		3,000		Less than 1	%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505

Common Stock	George Sfeir		5,000		Less than 1	%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505

Common Stock	All executive officers		8,000		Less than 1	%
Restricted	and directors as a group

~~The~~TRANSACTIONS ~~following~~WITH ~~table~~RELATED ~~provides the names and addresses of each person known to us to own more than 5% of our outstanding shares of common stock as of December 31~~PERSONS, ~~2014~~ ~~and~~PROMOTERS byAND ~~the~~CERTAIN ~~officers~~CONTROL ~~and directors, individually and as a group. Except as otherwise indicated, all shares are owned directly.~~PERSONS

Common Stock	American Interest, LLC (2)	149,146,255	90.1%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505
Common Stock	Sfeir Family Trust (2)	13,732,500	8.3%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505
Common Stock	Edmund J. Baudoin, Jr.	3,000	Less than 1%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505
Common Stock	George Sfeir	5,000	Less than 1%
Restricted	Petroleum Towers, Suite 530
	P.O. Box 52523
	Lafayette, LA 70505
Common Stock	All executive officers	8,000	Less than 1%
Restricted	and directors as a group

In November of 2006, we issued 125,000,000 restricted shares of common stock to American Interest, LLC (controlled by George Sfeir) for founder services rendered pursuant to the exemption from registration set forth in section 4(2) of the Securities Act of 1933.

~~TRANSACTIONS~~On ~~WITH~~January ~~RELATED~~3, ~~PERSONS~~2007 we entered into a Stock Purchase and Share Exchange agreement with TII, ~~PROMOTERS~~whereby TII became our wholly owned subsidiary. We exchanged 50,000,000 ~~AND~~restricted ~~CERTAIN~~shares ~~CONTROL~~of ~~PERSONS~~common stock for all the issued and outstanding shares of TII. Mr. George Sfeir was the sole shareholder of TII.

InOn ~~November~~June ~~of 2006~~17, ~~we issued 125~~2009,~~000,000 restricted~~ ~~shares of common stock to~~ American ~~Interest~~Interests, LLC and ~~(controlled~~the ~~by George~~ Sfeir) ~~for~~Family ~~founder~~Trust ~~services~~agreed ~~rendered pursuant~~ to ~~the~~cancel ~~exemption~~165,100,000 ~~from~~shares ~~registration~~of ~~set~~stock, ~~forth~~effectively inreducing ~~section 4(2) of~~ the ~~Securities~~total ~~Act~~shares ofoutstanding ~~1933~~to 10,000,000.

~~On January 3~~Subsequently, ~~2007~~on weDecember ~~entered~~17, ~~into~~2009, ~~a Stock~~the ~~Purchase~~directors ~~and~~of ~~Share~~the ~~Exchange~~Company ~~agreement~~authorized ~~with~~a ~~TII,~~5 ~~whereby~~for ~~TII~~1 ~~became~~stock ~~our~~split ~~wholly~~effective ~~owned~~for ~~subsidiary. We~~shareholders ~~exchanged 50,000,000 restricted shares~~ of ~~common~~record ~~stock~~dated ~~for~~January ~~all~~15, 2010, raising the total issued and outstanding shares ofto ~~TII~~50,000,000. ~~Mr. George Sfeir was the sole shareholder of TII.~~

22The Company’s management negotiated a settlement whereby it issued 3,580,000 shares of stock in exchange for allowing the Company to return $3,300,500 of equipment ordered and cancellation of debt in the amount of $3,935,217, which represented the balance owed on equipment for the Abbeville facility.

On ~~June~~March 1711, ~~2009~~2010, ~~American Interests, LLC and~~ the ~~Sfeir~~Company ~~Family~~issued ~~Trust~~88,000 shares ~~agreed~~ to ~~cancel~~93 ~~165~~employees,~~100,000~~ ~~shares of stock~~advisors, ~~effectively~~and ~~reducing~~supporters ~~the~~for ~~total~~services ~~shares outstanding to 10,000,000.~~rendered

~~Subsequently,~~On onAugust ~~December 17~~23, ~~2009,~~2010 the ~~directors of the~~ Company ~~authorized~~reissued 115,100,000 ashares 5to ~~for~~American ~~1 stock split effective for shareholders of record dated January 15~~Interest, ~~2010,~~LLC ~~raising~~as per the ~~total issued~~cancellation ~~and outstanding shares to 50,000,000~~agreement.

~~The~~On ~~Company’s~~October ~~management~~6, ~~negotiated a~~2010 ~~settlement~~the ~~whereby~~Company it issued 350,~~580,~~000 shares ~~of stock in exchange for allowing the Company~~ to ~~return~~Globex ~~$3,300,500~~transfer ofas ~~equipment ordered~~part ~~and cancellation~~ of ~~debt~~a inService ~~the~~Agreement. ~~amount~~Those ofshares ~~$3,935,217,~~were ~~which~~later ~~represented~~returned ~~the~~and ~~balance~~cancelled ~~owed~~as onno ~~equipment~~services ~~for~~were ~~the Abbeville facility~~rendered.

~~On March 11, 2010, the Company issued 88,000 shares to 93 employees, advisors, and supporters for services rendered~~12

On ~~August~~December 237, 2010 the Company ~~reissued 115,100,000~~issued 500 shares each to ~~American~~the ~~Interest,~~12 ~~LLC~~members asof ~~per~~its ~~the~~Advisory ~~cancellation~~Board ~~agreement~~for services rendered.

On ~~October~~January 619, ~~2010~~2011 the Company issued 50 100,000 shares toas ~~Globex~~compensation ~~transfer~~to asMirador ~~part~~Consulting offor aservices ~~Service~~subsequently ~~Agreement~~never rendered. Those shares ~~were~~are ~~later~~under ~~returned and cancelled as no services were rendered~~litigation.

On ~~December~~January 714, ~~2010~~2011 the Company issued ~~500~~ 14,000 shares ~~each~~as bonuses to ~~the~~key ~~12 members of its Advisory Board for services rendered~~employees.

On ~~January~~April 1925, 2011 the Company issued ~~100~~54,~~000~~400 shares as compensation ~~to Mirador Consulting~~ for ~~services~~loss ~~subsequently~~in ~~never~~value ~~rendered.~~of ~~Those~~ shares ~~are under litigation~~.

On ~~January~~September 1423, 2011 the Company issued ~~14,000~~ 88,500 shares as bonuses to ~~key~~ employees, advisors, and supporters for services rendered.

On ~~April~~August 2520, ~~2011~~2012 the Company issued 5492,~~400~~550 shares as ~~compensation~~bonuses ~~for~~to ~~loss~~employees, inadvisors, ~~value~~and ofsupporters ~~shares~~for services rendered.

On ~~September~~July 2311, ~~2011~~2013, the Company issued 8841,~~500~~167 shares as bonuses to employees, ~~advisors,~~ and compensation to supporters for services rendered.

On ~~August~~June 2030, ~~2012~~2016, the Company ~~issued~~issues 9212,~~550~~000 shares ~~as bonuses~~ to ~~employees,~~Eversull ~~advisors,~~Group ~~and supporters~~ for services rendered.

OnStock ~~July~~Option ~~11, 2013, the Company issued 41,167 shares as bonuses to employees and compensation to supporters for services rendered.~~Grants

~~Stock~~We ~~Option~~have ~~Grants~~not granted any stock options to our executive officer since our incorporation.

WeITEM ~~have~~13. ~~not~~CERTAIN ~~granted~~RELATIONSHIPS ~~any~~AND ~~stock~~RELATED ~~options~~TRANSACTION, toAND ~~our~~DIRECTOR ~~executive officer since our incorporation.~~ INDEPENDENCE

~~ITEM 13~~None. ~~CERTAIN RELATIONSHIPS AND RELATED TRANSACTION, AND DIRECTOR INDEPENDENCE~~

~~None~~ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

~~ITEM~~Audit ~~14. PRINCIPAL ACCOUNTANT FEES AND SERVICES~~Fees

This category includes the aggregate fees billed for professional services rendered for the audits of our financial statements for fiscal years 2017 and 2016, for the reviews of the financial statements included in our reports on Form 10-Q, and for services that are normally provided by the independent auditors in connection with statutory and regulatory filings or engagements for the relevant fiscal years. Audit ~~Fees~~fees pertaining to services provided to the Company for the fiscal years ended December 31, 2017 and 2016, amount to $0.00 and $0.00, respectively.

This category includes the aggregate fees billed for professional services rendered for the audits of our financial statements for fiscal years 2015 and 2014, for the reviews of the financial statements included in our reports on Form 10-Q, and for services that are normally provided by the independent auditors in connection with statutory and regulatory filings or engagements for the relevant fiscal years. Audit ~~fees pertaining~~Related ~~to services provided to the Company for the fiscal years ended December 31, 2015 and 2014, amount to $30,000 and $39,855, respectively.~~Fees

~~Audit~~There ~~Related~~were ~~Fees~~no fees for audit related services for the years ended December 31, 2017 and 2016.

~~There~~ Tax ~~were no fees for audit related services for the years ended December 31, 2014 and 2013.~~Fees

~~Tax~~For ~~Fees~~the Company’s fiscal years ended December 31, 2017 and 2016, we were not billed for professional services rendered for tax compliance, tax advice, and tax planning.

~~For~~All ~~the~~Other ~~Company’s fiscal years ended December 31, 2015 and 2014, we were not billed for professional services rendered for tax compliance, tax advice, and tax planning.~~Fees

~~All~~The ~~Other~~Company ~~Fees~~did not incur any other fees related to services rendered by our principal accountant for the fiscal years ended December 31, 2017 and 2016.

~~The~~Pursuant ~~Company~~to ~~did~~the ~~not~~requirements ~~incur~~of ~~any~~Section 13 ~~other~~or ~~fees~~15(d) ~~related to~~of ~~services~~the ~~rendered~~Securities byExchange ~~our~~Act ~~principal~~of ~~accountant~~1934, ~~for~~ the ~~fiscal~~registrant ~~years~~has ~~ended~~duly ~~December~~caused ~~31,~~this ~~2015~~report ~~and~~to ~~2014~~be signed on its behalf by the undersigned thereunto duly authorized.

~~Pursuant~~Effective toMay ~~the~~6, ~~requirements~~2003, ofthe ~~Section~~Securities 13and orExchange ~~15(d)~~Commission ofadopted ~~the~~rules ~~Securities~~that ~~Exchange~~require ~~Act~~that ofbefore ~~1934,~~our ~~the~~auditor ~~registrant~~is ~~has~~engaged ~~duly~~by ~~caused~~us ~~this report~~ to berender ~~signed~~any onauditing ~~its~~or ~~behalf~~permitted ~~by the~~non-audit ~~undersigned~~related ~~thereunto~~service, ~~duly~~the ~~authorized.~~engagement be:

23-approved by our audit committee; or

~~Effective~~-entered ~~May~~into 6,pursuant ~~2003,~~to ~~the~~pre-approval policies ~~Securities~~ and ~~Exchange~~ ~~Commission~~procedures ~~adopted~~established ~~rules~~by ~~that~~the ~~require~~audit ~~that~~committee, ~~before~~provided ~~our~~the ~~auditor~~policies isand ~~engaged~~procedures byare usdetailed as to ~~render~~the ~~any~~particular service, the audit committee ~~auditing~~is orinformed ~~permitted~~of ~~non-audit related~~each service, and such policies and procedures do not include delegation of the ~~engagement~~audit ~~be:~~committee's responsibilities to management.

The pre-approval process has just been implemented in response to the new rules. Therefore, our board of directors does not have records of what percentage of the above fees was pre-approved. However, all of the above services and fees were reviewed and approved by ~~our~~the ~~audit~~entire ~~committee;~~board of directors either before or after the respective services were rendered.

-entered into pursuant to pre-approval policies and procedures established by the audit committee, provided the policies and procedures are detailed as to the particular service, the audit committee is informed of each service, and such policies and procedures do not include delegation of the audit committee's responsibilities to management.13

~~The~~PART pre-approval process has just been implemented in response to the new rules. Therefore, our board of directors does not have records of what percentage of the above fees was pre-approved. However, all of the above services and fees were reviewed and approved by the entire board of directors either before or after the respective services were rendered.IV

~~PART~~ITEM IV15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

~~ITEM~~a) ~~15.~~Documents ~~EXHIBITS,~~filed ~~FINANCIAL~~as ~~STATEMENT~~part ~~SCHEDULES.~~of this Annual Report

a)1. ~~Documents~~Consolidated ~~filed~~Financial ~~as part of this Annual Report~~Statements

12. ~~Consolidated~~ Financial ~~Statements~~Statement Schedules

23. ~~Financial Statement Schedules~~Exhibits

3. Exhibits

31.1	Certification of President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board of Directors pursuant to Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as Amended.

32.1	Certification of President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board of Directors pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS	XBRL Instance Document

101.SCH	XBRL Taxonomy Extension Schema Document

101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

101.LAB	XBRL Taxonomy Extension Label Linkbase Document

101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

~~31.1 Certification of President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board of Directors Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002~~14

~~32.1 Certification of President, Chief Executive Officer, Chief Financial Officer, Chairman of the Board of Directors Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002~~SIGNATURES

24In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized. The attached report is not audited and will soon amend by the audited report when received.

~~SIGNATURES~~ENERGY & TECHNOLOGY CORP.

InDated: ~~accordance~~April ~~with Section 13 or 15(d) of the Securities Exchange Act of 1934~~2, as amended, the registrant has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized. The attached report is not audited and will soon amend by the audited report when received.2018

~~ENERGY~~By &/s/ ~~TECHNOLOGY~~George ~~CORP~~M. Sfeir George M. Sfeir, President, Chief Executive Officer, Chief Financial Officer

~~Dated:~~In ~~March~~accordance 30with the Exchange Act, ~~2016~~this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By /s/ George M. Sfeir George M. Sfeir, President, Chief Executive Officer, Chief Financial Officer

Signature	Title	Date

/s/ George M. Sfeir	President,	April 2, 2018
George M. Sfeir	Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer

~~In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.~~15

Signature	Title	Date
/s/ George M. Sfeir	President,	March 30, 2016
George M. Sfeir	Chief Executive Officer, Chief Financial Officer, Principal Accounting Officer

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