UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                FORM 10-KSB/A

              AMENDMENT TO ANNUAL REPORT UNDER SECTION 13 OR 15(d)
                    OF THE SECURITIES EXCHANGE ACT OF 1934


                     For Fiscal Year Ended: June 30, 2001
                      Commission File Number: 000-26607

                            GREENVOLT POWER CORP.
                            (formerly Beck & Co.)
                        -----------------------------
            (Exact name of registrant as specified in its charter)

           Nevada                                   88-0390828
--------------------------------                -------------------
 (State or other jurisdiction                    (I.R.S. Employer
of incorporation or organization)               Identification No.)


                               4055 Digby Drive
                       Orillia, Ontario, Canada L3V 6H2
         ---------------------------------------------------------
                   (Address of principal executive offices)


                                (705) 326-1117
                         --------------------------
                         (Issuer's Telephone Number)


         Check whether the Issuer (1) filed all reports required to be filed
by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirement for the past 90 days. YES
X    No

         State issuer's revenues for its most recent fiscal year:     $ 0.00

         Check if there is no disclosure of delinquent filers pursuant to Item
405 of Regulation S-B contained in this report and no disclosure will be
contained to the best of registrant's knowledge in definitive proxy or
information statements incorporated by reference in Part 111 of this Form 10-
KSB or any amendment to this Form 10-KSB:  [ X  ]

         As of September 1, 2001, the aggregate market value of the voting
stock held by non-affiliates, computed by reference to the price at which the
common equity was sold, or the closing price of such common equity as of a
specified date within the past 60 days (October 31, 2001); was $353,675.

         State the number of shares outstanding of each of the issuer's common
equity, as of the latest practicable date: 19,508,740 as of November 1, 2001

         Transitional Small Business Format: YES     NO   X


TABLE OF CONTENTS


PART I

<table>
<caption>

     <c>                                                                        <c>

Item 1. Description of Business.....................................................3

Item 2. Description of Property.....................................................8

Item 3. Legal Proceedings...........................................................8

Item 4. Submission of Matters to a Vote of Security Holders.........................8


PART II

Item 5. Market for Registrant's Common Equity and Related Stockholder Matters ......9

Item 6. Management's Discussion and Analysis or Plan of Operation..................10

Item 7. Financial Statements and Supplementary Data ...............................11

Item 8. Changes In and Disagreements With Accountants on
        Accounting and Financial Disclosure........................................12


PART III


Item 9. Directors and Executive Officers...........................................13

Item 10. Executive Compensation....................................................14

Item 11. Security Ownership of Certain Beneficial Owners and Management............15

Item 12. Certain Relationships and Related Transactions............................16

Item 13. Exhibits .................................................................17

</table>


PART I

ITEM 1:  DESCRIPTION OF BUSINESS

I.      INTRODUCTION

        GreenVolt Power corp. (formerly Beck & co.) (the "Company") was formed
as a Nevada corporation on April 14, 1998, to operate as a specialty retailer
of fine jewelry.  In its fiscal year ending June 30, 2000, the Company sold a
limited quantity of jewelry through direct mail and word of mouth advertising.
In August 1999, the company established a retail jewelry presence on the
Internet located at www.e-tailjewelry.com.  Management initially intended to
focus its resources on developing a dynamic e-commerce Internet presence
marketing fine jewelry and establishing specialty outlets in small rural
communities.

        However, on July 29, 2000, subsequent to the close of its June 30,
2000 fiscal year, the Company acquired 100% of the outstanding shares of
GreenVolt Corp., an Ontario Corporation ("GreenVolt") in a stock for stock
exchange.  GreenVolt is a development stage company, and is in the process of
developing fuel cell technologies for commercial and industrial use.  In
connection with this transaction, management of the Company changed, and the
Company has disposed of its retail jewelry business in September 2000, by
transfer of all jewellery assets and liabilities to Larry Beck a former
director of the company. This was done to focus all management attention on
GreenVolt's fuel cell business.

        On September 12, 2000, the corporation changed its name from "Beck &
Co." to "GreenVolt Power Corp.", in order to better reflect its intended
business. The transaction was treated as a reverse merger with GreenVolt Corp
being the survivor. The financial statements included herein are those of
GreenVolt Corp.

II.     THE GREENVOLT TRANSACTION

        On July 29, 2000 (Effective July 1, 2000), the Company acquired all of
the outstanding Common Shares of GreenVolt, Corp., an Ontario, Canada
corporation ("GreenVolt"), in a stock for stock exchange wherein the Company
issued 12,435,240 shares of its Common Stock to the existing shareholders of
GreenVolt, in exchange for 100% of their GreenVolt shares, making GreenVolt
Corp. a wholly-owned subsidiary of GreenVolt Power Corp. (the "Company").

        As a part of the transaction whereby the Company acquired GreenVolt,
four existing shareholders of Beck & Co., Messrs. Larry Beck, the then Chief
Executive Officer and Sole Director of the Company, Douglas Madden, James
Evans and Ms. Valerie King, contributed back to Beck & Co. and canceled for no
consideration, a total of 9,600,000 shares of Beck & Co.'s outstanding Common
Stock owned by them.  In connection with the transaction, investment banking
fees were paid to a consultant who assisted in negotiating the deal in the
form of the issuance by Beck of 600,000 new restricted shares of Common Stock
to the consultant.

        As a result of this transaction, Beck acquired GreenVolt as a wholly-
owned subsidiary and the former shareholders of GreenVolt in the aggregate
acquired control of Beck.  The old shareholders of Beck continued to hold
5,617,500 shares or 30.1% of the Company's outstanding Stock, South Bay
Capital, Inc., the consultant involved in the transaction, was issued 600,000
shares, or 3.22% of the Company's Common Stock, the five former shareholders
of GreenVolt, Messrs. Thomas Faul, John Munro, George Coventry, Douglas Carr
and Ulrich Kretchsmar were issued in the aggregate 12,435,240 shares,
representing 66.6% of Beck & Co.'s outstanding Common Stock.

        Effective as of July 29, 2000, the date of the GreenVolt acquisition
closing, the pre-existing Directors of the Registrant resigned as officers and
directors, and concurrently appointed the following individuals to fill the
vacancies and serve on Registrant's Board of Directors:

Thomas Faul      4055 Digby Drive, R.R. 2, Orillia, Ontario Canada L3V 6H2
John Munro       4055 Digby Drive, R.R. 2, Orillia, Ontario Canada L3V 6H2

On the same date, the following persons were appointed as replacement officers
to the following offices:

Thomas Faul      President and Chief Executive Officer
John Munro       Secretary, Treasurer and Chief Financial Officer

III.    THE BUSINESS OF THE COMPANY

A.  GreenVolt Power Corp.

        As a result of its acquisition of GreenVolt Corp. and the disposal of
its retail jewelry business, the business of the Company as of September 24,
2000, was the business carried on by its wholly-owned subsidiary, GreenVolt
Corp. (hereinafter "GreenVolt").

        Because GreenVolt is still in the research and development stage with
respect to its fuel cell technology, the following discussion is primarily
prospective, and discusses what GreenVolt's management plans to do.  There is
no assurance that GreenVolt will be successful in developing or
commercializing its fuel cell technology, or that it will be able to market
and sell its products once and if developed, or be able to sell its products
at prices which allow it to recoup its costs and generate a profit.

        There is also no assurance GreenVolt will be able to locate sufficient
capital, or on reasonable terms, which will be required to complete development
of, and commercialization of the fuel cell technologies. There is no assurance
GreenVolt will ultimately prove profitable.


1.  Prior History of GreenVolt

        GreenVolt Corp. was incorporated in 1994 as Flint Energy Inc. to
develop ecologically improved power generation technology.  The initial
developments were systems for High Speed Flywheel Energy Storage.  The name of
the company was changed to Astris Technology Inc. to further develop Alkaline
Fuel Cells for home and stationary electrical power generation.  The name was
then changed to GreenVolt Corp. to better reflect the Fuel Cell as Green (not
being harmful to the environment) and Volt to reflect the electrical power.


2.  Fuel Cells

        Fuel Cells are electrochemical devices that like batteries generate
external electric current from internal chemical reactions.  Unlike batteries,
fuel cells continue to generate electricity as long as reagent "fuel" is
supplied to the electrodes.

        In a hydrogen-oxygen fuel cell, hydrogen gas (electron source) is
supplied to the anode and oxygen gas or air (electron sink) is supplied to the
cathode of the fuel cell.  Electrical contact between the electrodes within
the fuel cell is made by an electrolyte medium that conducts the ions formed
within the fuel cell during operation.  Externally, electrons flow between the
electrodes providing usable current.

        In a magnesium-air fuel cell, the magnesium metal (instead of
hydrogen) is the fuel that is supplied by fuel cell and the magnesium
generates power through a simple electrochemical reaction between the metal,
once placed in a saline solution, and oxygen from air. Electricity is produced
as the magnesium oxides in the solution.

        The cell consists of magnesium plates, a cathode and a saltwater
electrolyte. To recharge the cell when the magnesium is consumed, the plates
are replaced and more electrolyte is added. The magnesium contains a lot of
eneryg, is easily stored, non-combustible, non polluting and one of the most
inexpensive and abundant metals on earth. These advantages provide economic
and enviromental incentives for the commercial development of the fuel cell.

3.  The GreenVolt Fuel Cells Under Development

        During the twelve months ending June 30, 2001 GreenVolt undertook a
development program to improve the existing technology for the potential
commercialization of alkaline fuel cells and in particular the development of
superior, low cost electrodes. The development program undertaken was unable
to measurably improve on the existing technology and the management of the
Company therefore decided that due to the early stage of the fuel cell market
and the significant amount of money required to continue with the development
of the alkaline fuel cell program, that it would not continue to invest more
resources and management time in the alkaline fuel cell technology until such
time as the company is better capitalized. The corporation's business and
technology development plans are now focused on the acquisition and
development of other fuel cell technologies that are more technically and
commercially advanced.

        The Company is now focused on acquiring and developing a 12 volt
Magnesium/Air/Salt-Water Fuel Cell (hereinafter "MASWFC"), as described above
in section 2 "fuel cells".  Mr. Thomas Faul is conducting the Research &
Development activities of the company on a gratuitous basis. Mr. John Munro is
continuing to provide accounting services on a gratuitous basis.

4.  Market

        The principal markets for MASWFC are broad based and include areas
that require a supply of 12 volt DC power to any appliance or device.  These
areas include power supply units for portable, remote location, marine and
recreational vehicles and would be of particular interest to marine, outdoor
and recreational vehicle users and those that require emergency and backup
power supplies for communication equipment, buildings and  construction sites.

5.  Variations in size of the MASWFC.

        Currently the Company is hoping to acquire and develop a 12 Volt DC, 5
Amperes MASWFC unit, which is a popular commercial size.  Once a demand for
other sizes has been identified and established, the Company will research and
if practical develop a product for each particular market size so identified.

6.  Magnesium Production

        Magnesium is the most abundant and inexpensive light metal known to
man and is easily recovered and converted into usable fuel for the MASWFC.

7.  Source of Fuel Cell Technology

        The Company is hoping to develop MASWFC technology based upon
improving existing MASWFC technology with increased power output and
efficiency at a lower cost per unit. The corporation is negotiating the
acquisition of manufacturing and technology rights, which will include
technology sharing, patent protection and territorial rights, in return for as
of yet unknown royalty payments.

8.  Competition

        "Fuel Cells 2000" (www.fuelcells.org/fcdevel.html) lists some 370 fuel
cell research operations and companies, not including several more of which
management of GreenVolt is aware, the bulk of which are likely far better
capitalized than is the Company.  Most of this fuel cell activity is focused
upon proton exchange membrane fuel cell technology with a few companies
working on alkaline and other types of fuel cells.

        The Company is aware that a few other companies are working on the
development of metal/air fuel cells.

9.  Operating Assets

        The Company's primary assets are all held by its wholly-owned
subsidiary, GreenVolt Corp.

Research and development costs have been expensed as they have been incurred.

10.  Patents, Copyrights and Trademarks

The Company and its wholly-owned subsidiary currently hold no copyrights,
patents or trademarks.

Additional innovative features developed as a result or the Companies own
Research and Development will be subject to patent application as they are
developed.

11.  Research and Development Activities

        In the twelve months ending June 30, 2001, the Company expended in
excess of US $74,000.00 on research and development.

        The Company anticipates expending additional material amounts in the
development of the MASWFC technology in the future. Currently all work
performed for the company is on a gratuitous basis. The availability, source
and terms for new capital which will be required to complete this development
are uncertain at this time, and there is no assurance the Company will be
successful in raising the necessary capital, or raising the capital on
favorable terms.

12.  Government Regulation and Environmental Concerns

        At the present time, the Company is not required to seek the review of
any local, state, federal or international regulatory body in connection with
its development activities.

        The MASWFC do not discharge any harmful materials into the environment
and thus there are no known environmental regulations that the Company will be
subject to.

13.  Seasonal Factors

        The Company is not able to make a comment at this time.

14.   Costs and Effects of Compliance with Environmental Laws.

        The Company is not currently engaged in any business which would
require compliance with Federal or State environmental agencies, rules and
regulations.

15.  Vendors

There are no single source vendors, and the Company is not dependent on any
particular vendor.

16.  Raw Materials

        All raw materials are currently available in the market place.  The
materials are available in international markets, as well as the domestic
market.

17.  Capital

        On April 12, 2000, GreenVolt entered into a letter of understanding to
borrow up to US $76,000.00 and the terms of this loan are currently being
negotiated between the Company and the lenders. This loan commitment was fully
funded during the twelve months ending June 30, 2001.  Additional funds from
the same source, were also committed and received by the Company for a grand
total of US $224,182 dollars. The Company and the lender are still discussing
the terms of the whole loan advance including the original understanding for
the CAD $76,000 which is also part of the overall negotiation of terms for
this debt. Certain shareholders of the company have commited to provide
minimum working capital to fund the limited operations of the Company.

        The Company's capital is currently insufficient to conduct its
business.  If it is unable to obtain additional capital, the Company will be
unable to complete development of its fuel cell technology.  The sources,
availability and terms for additional capital to sustain the Company's
operations are unknown at this date, and there is no assurance the Company
will be able to locate sufficient capital to carry forward its business and
implement its business plan.

18.  Employees

        The Company has two officers performing at no fee for various
services.

19.  Going Concern Assumption in Auditor's Report

The Company's independent auditor's in their Independent Auditors'
Report have added the fourth paragraph regarding going concern, as follows:

"The accompanying consolidated financial statements have been prepared
assuming that the Company will continue as a going concern. As discussed in
Note 2 to the consolidated financial statements, the Company's significant
operating losses, working capital deficiency and significant capital
requirements raise substantial doubt about the ability of the Company to
continue as a going concern. The statements do not include any adjustments
that might result from the outcome of this uncertainty".

ITEM 2.  DESCRIPTION OF PROPERTY

        The Company has corporate and administrative offices, and a small
research facility on a rent free basis in the home of Thomas Faul, its
President, and in a small work shop building separately located on his
property, in Orillia, Ontario.  Management believes its facility is adequate
for the Company's current level of operations, but anticipates leasing
facilities once additional capital is obtained.

ITEM 3.     LEGAL PROCEEDINGS

        There is no litigation outstanding, and management is not aware of any
potential claims, which might be asserted.

ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        None.



PART II

ITEM 5.  MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

        A.   Market Information.

        The Company's Common Stock traded over-the-counter on the NASD
Bulletin Board Market under the symbol "BCKC" during the fourth quarter of its
1999/2000 fiscal year, and under the symbol "GVLT" since September 20, 2000.
The closing sales price for the Company's shares as of November 1, 2001, was
$0.05.

        Set forth below is the high and low bid information for the Company's
Common Stock for the last quarterly period

        Period                   High    Low
        ----------------         ----    ----
        4th Quarter 2001         0.18    0.05


        At November 1, 2001, the Company had approximately 75 Shareholders of
record.

        The Company has not paid a dividend since its incorporation, and
management does not anticipate the Company will pay dividends in the near
future.

B. Sales of Unregistered Securities from inception through September 1, 2000.

<table>
<caption>

       <c>                          <c>                         <c>                 <c>

          Amount of Common             Class of Persons            Total               Total
  Date    Stock Sold                   to Whom Sold                Offering Price      Commission      Exemption
------    ------------------           -----------------------     ----------------    ----------      -------------------
  4/98    10,000,000                   Chief Executive Officer     For services           0            Rule 504 & Sec.4(2)
                                                                   rendered valued
                                                                   at $45,950
  4/98     5,000,000                   Accredited Investors        $500                   0            Rule 504 & Sec.4(2)
  6/98        70,000                   Accredited Investors        $7000                  0            Rule 504 & Sec.4(2)
  3/99       147,500                   Accredited investors        $14,750                0            Rule 504 & Sec.4(2)
  7/00    12,435,240                   Shareholders of             $124,352(1)            0            Sec.4(2)
                                       GreenVolt Corp.
  7/00       600,000                   Accredited Investor         $6,000                 0            Sec.4(2)
                                       For consulting services
  11/00     5,000                      Consultant                  $ 5,000                0
  09/01   200,000                      Consultant                  $11,283                0            x4(2)

</table>


(1) The offering price was paid in the form of the exchange and transfer to
the Company of 100% of the outstanding Capital Stock of GreenVolt Corp.


ITEM 6:  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Plan of Operations

Fiscal Years Ended June 30, 2001 and from Inception on April 15, 1998 through
June 30, 2001 (audited).

The Company ended its jewelry business effective with the close of business on
September 24, 2000 and since there were no new products to market the net
sales of the Company for the fiscal year ended June 30, 2001 were US $0.00
compared to $0.00 for the fiscal year ended June 30, 2000. The cost of sales
was $0.00 for the fiscal period year ended June 30, 2001 and $0.00 for the
fiscal year ended June 30, 2000, respectively resulting in a gross margin for
the fiscal year ending June 30, 2001 $0.00 for the fiscal year ended June 30,
2000 of $0.00.

The Company incurred operating expenses, including research and development
costs of $389,084 for the fiscal year ended June 30, 2001, $564,625 for the
fiscal year ended June 30, 2000. The operating expenses for all periods
resulted primarily from research and development, general corporate
administration, legal and professional expenses, consulting fees, accounting
and auditing costs.

As a result of the foregoing factors, the Company realized a net loss of
$370,298 for the year ended June 30, 2001, $564,625 for the year ended June 30,
2000.

Liquidity and Capital Resources for the Year Ended June 30, 2001

At June 30, 2001, the Company had a working capital deficit of $408,110 as
compared to working capital deficit of $26,563 at June 30, 2000.  The working
capital deficit resulted primarily from accrued consultant fees, unpaid
professional fees and advances by venture capital bankers. The Company's
capital was obtained from loan advances  totaling $284,182 to the Company from
an investment banking group. The whole of the loan amount including the
commitment loan of CAD $76,000 is currently under negotiation as to terms and
conditions by the lenders and the company. There is no assurance that any of
these funds advanced by the investment bankers  will be repaid unless the
Company is able to raise sufficient new capital.

With the change in management and corporate direction in July 2000, the
Company, in September 2000 discontinued the retail jewelry business that it
had previously been involved in distributed the assets and liabilities of the
jewelry business to Larry Beck, a former director of the company. The Company
is now focusing all of its business efforts on the development of new fuel
cell technologies and in particular the MASWFC. Management is now seeking
sources of debt and/or equity capital in order to further capitalize and fund
the development of MASWFC technology. The Company has not identified any
potential sources of debt or equity financing and cannot predict whether any
such financing will in fact be obtained by the Company or on what terms. There
is also no assurance that the Company will be successful in developing and
commercializing any fuel cells technologies.

Disclosure Regarding Forward-Looking Statements.  The statements contained in
this Form 10-KSB Report that are not historical facts are "forward-looking
statements" and can be identified by the use of forward-looking terminology
such as "believes", "expects", "may", "will", "should", "intends" or
"anticipates" or the negative thereof or other variations thereon or
comparable terminology, or by discussions of strategy that involve risks and
uncertainties.  Such forward-looking information involves important risks and
uncertainties that could significantly affect expected results in the future
from those expressed in any forward-looking statements made herein.

The Company does not promise to update forward-looking information to reflect
actual results or changes in assumptions or other factors that could affect
those statements.  Persons reading this Form 10-KSB Report are cautioned that
such statements are only predictions and that actual events or results may
differ materially.  In evaluating such statements, readers should specifically
consider all the various factors which could cause actual events or results to
differ materially from those indicated by such forward-looking statements.

ITEM 7.  FINANCIAL STATEMENTS

The financial statements of the Company required by this item are set forth
at the end of this Form 10-KSB at pages F-1 through F-11.


ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
        FINANCIAL DISCLOSURE

        None.


PART III


ITEM 9. DIRECTORS AND EXECUTIVE OFFICERS


Name                    Age       Position                        Since
--------------          ---       --------------------------      -------
Thomas Faul             77        President, Chief Executive      7/29/00
                                  Officer

John Munro              60        Chief Financial Officer,        7/29/00
                                  Treasurer, Secretary
                                   and a Director

Ulrich Kretschmar       58        Director, Vice President        9/27/00
                                   - Science


        The Directors serve until the next annual meeting of shareholders, or
until their successors are elected.

Mr. Thomas Faul/President and a Director

        Thomas Faul, the President and a Director of GreenVolt Power Corp.,
has been an independent product design and development consultant since 1960.
Mr. Faul specialized in automotive, marine and computer controlled equipment.
International clients include Skoda (Czech Republic), Oerlikon Machine Tools
(Switzerland), Audi (Germany), Nestler Corporation (Germany), Carver Yacht
(USA), Century Boat (USA), Dominion Auto Accessaries (Canada), and Otaco
Seating (Canada).  Mr. Faul is one of the founders of Carver Yacht Co. Of
Pulaski, Wisconsin, Faul Coradi Inc. of Skaneateles, New York, and Teckserve
Limited,, of Orillia, Ontario, as well as a number of other companies.  Mr.
Faul has his P. Engineering from  Professional Engineers of Ontario, his
B.A.Sc. from the University of Toronto, and his M.A.Sc. from University of
Toronto.

Mr. John Munro/Secretary, Treasurer and Chief Financial Officer

        John Munro, the Secretary, Treasurer and Chief Financial Officer.
Since 1987 Mr. Munro has maintained a private consulting practice,
administered a number of trusts, and has acted as Interim Financial Officer
for various clients as well as a volunteer board member for a local charity.
Between 1961 and 1987, Mr. Munro worked with Syme, Ayers & Co., Coopers &
Lybrand, North American Insurance Co., Arawak Trust Company, Brown Brothers
Harriman & Co., Hughes Containers Limited, and Monarch Propane Limited, where
he served as Director of Finance and Administration.  Mr. Munro has a C.A.
Degree from the Institute of Chartered Accountants of Ontario.

Dr. Ulrich Kretschmar, Director

        Ulrich Kretschmar, Director.  Dr. Kretschmar obtained his Bachelor of
Science and Masters Degree from McMaster University in Hamilton Ontario, and
in 1973 received his Ph.D. from the University of Toronto.  Dr. Kretschmar
specialized in mineral phase chemistry and electrochemistry for his Ph.D.

        Dr. Kretschmar's consulting practice client list includes Noranda,
International Pul and Paper, the Federal Government of Canada, the Federal
Government of Guyana, and the Provincial Government of Ontario.  He has also
been a consultant for the International Development and Research Center of
Canada and the Commonwealth Science Council of London England.

        Dr. Kretschmar is fluent in German, French, Spanish, and has
translated Norwegian, Swedish, Dutch, Romanian, Italian and Portuguese
scientific papers into English.


ITEM 10. EXECUTIVE COMPENSATION

        The following table sets forth the annual compensation paid and
accrued by the Company during its last three fiscal years to its Chief
Executive Officer.  No other executive officer received annual salary and
bonus in excess of $100,000.

<table>
<caption>
                   Summary Long-Term Compensation

                 <c>           <c>                  <c>            <c>         <c>
Name/Position       Year      Restricted stock      Options/SARS      LTPI      All other
                                  Award               (#)(1)          Payout    compensation
                                   ($)                                ($)           ($)
Thomas Faul
 Chairman/CEO       2001         21,000                  0             0             0
                    2000              0                  0             0             0

</table>

Employment Contracts

        Mr. Thomas Faul does not currently have an employment contract with
the Company and the Company does not currently have any employment contract
with any other individuals or consultants.

ITEM 11.   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

        The following table sets forth information regarding beneficial
ownership as of November 1, 2001, of the Company's Common Stock, by any person
who is known to the Company to be the beneficial owner of more than 5% of the
Company's voting securities, and by each director, and by officers and
directors of the Company as a group.

                                        Beneficial             Percentage
Name and Address                        Ownership               of Class(1)

Thomas Faul                             10,446,240                56%
4055 Digby Drive(1)
R.R. 2
Orillia, Ontario L3V 6H2

John Munro                                 932,700                 5%
25739 Warden Ave.,
R. R. # 3
Sutton, ON  L0E 1R0

Ulrich Kretchmar                            62,500
408 Bay St.,
Orillia, ON L3V 3X4


All current directors and
officers as a group (3 persons)


        The Company knows of no arrangements, including any pledge by any
person of securities of the Company, the operation of which may at a
subsequent date result in a change in control of the Company.

        All reports required under Section 16(a) are believed to have been
timely filed by the officers, directors and 10% shareholders of the stock of
the Company.


ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


(A) Related Transactions

        None


ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K


I       Exhibits

                (1)     Audited Financial Statements and Related Notes and
Balance Sheets at June 30, 2001, and the Related Statements of Operations,
Stockholders' Equity (deficit) and Cash Flows for the Years Ended June 30,
2001 and 2000, and from inception on April 15, 1998 through June 30, 2001
(herewith attached).

II      (2)     Plan and Agreement of Reorganization by Exchange by and
between Beck & co. and GreenVolt Corp.*

(3)     (i)     Articles of Incorporation*

(ii)    Bylaws*

                (11)    Statement re: Computation of Per Share Earnings

(21)    Subsidiaries of Registrant:

                                GreenVolt Corp., an Ontario corporation
                                4055 Digby Drive
                                Orillia, Ontario, Canada L3V 6H2

        (b)     No reports on Form 8-K were filed during the last quarter of
the period covered by this report.

*Incorporated by reference to Registrant's From 10-SB filed on July 6,
1999.


SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the Registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                               GREENVOLT POWER CORP.

                                               /s/ Thomas Faul
                                               --------------------------
                                               Thomas Faul, President and
                                               Chief Executive Officer

                                               /s/ John Munro
                                               --------------------------
                                               John Munro
Date: November 1, 2001                         Chief Financial Officer


In accordance with the Securities Exchange Act of 1934, this report has been
duly signed below by the following persons on behalf of the Registrant and in
the capacities and on the dates indicated.

<table>
<caption>

                        <c>                                     <c>

Signature                  Title                                   Date
------------------         ----------------------------------      -----------------

/s/ Thomas Faul            Chief Executive Officer, President     November 12, 2001
-----------------          and a Director
    Thomas Faul



/s/ John Munro             Chief Financial Officer, Secretary,    November 12, 2001
-----------------          Treasurer and a Director
    John Munro



/s/ Ulrich Kretschmar      Director                               November 12, 2001
---------------------
    Ulrich Kretschmar

</table>




                                  GREENVOLT POWER CORP.
                          (A Company in the Development Stage)

                                  FINANCIAL STATEMENTS
                          YEARS ENDED JUNE 30, 2001 AND 2000


                                  GREENVOLT POWER CORP.
                          (A Company in the Development Stage)
                             INDEX TO FINANCIAL STATEMENTS
                                 JUNE 30, 2001 AND 2000

<table>
<caption>

                                                                                    <c>

Independent Auditors' Report...........................................................F-1

Independent Auditors' Report...........................................................F-2

Consolidated Balance Sheets as of June 30, 2001 and 2000...............................F-3

Consolidated Statements of Operations
for the Years Ended June 30, 2001 and 2000.............................................F-4

Consolidated Statements of Stockholders' Deficit from Inception April 14, 1998 to
June 30, 2001..........................................................................F-5

Consolidated Statements of Cash Flows for the Years Ended June 30, 2001 and 2000.......F-6

Notes to Consolidated Financial Statements as of June 30, 2001 and 2000................F-7

</table>

<PAGE>F-1

INDEPENDENT AUDITORS' REPORT

To the Board of Directors and Stockholders of GreenVolt Power Corp. (A company
in the development stage) Orillia, Canada

We have audited the accompanying consolidated balance sheet of GreenVolt Power
Corp. (a company in the development stage) as of June 30, 2001 and the related
consolidated statements of operations, stockholders' deficit, and cash flows
for the year then ended and the cumulative for the period from inception April
14, 1998 through June 30, 2001. These consolidated financial statements are
the responsibility of the Company's management. Our responsibility is to
express an opinion on these consolidated financial statements based on our
audit.

We conducted our audit in accordance with auditing standards generally
accepted in the United States of America. Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatements. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of GreenVolt
Power Corp. (a company in the development stage) as of June 30, 2001, and the
results of its operations and its cash flows for the year then ended and the
cumulative for the period from inception April 14, 1998 through June 30, 2001
in conformity with accounting principles generally accepted in the United
States of America.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 2 to
the consolidated financial statements, the Company's significant operating
losses, working capital deficiency and significant capital requirements raise
substantial doubt about the ability of the Company to continue as a going
concern. The statements do not include any adjustments that might result from
the outcome of this uncertainty.


GOOD SWARTZ BROWN & BERNS LLP

Los Angeles, California
October 24, 2001

<PAGE>F-2

INDEPENDENT AUDITORS' REPORT

To the Board of Directors and Stockholders of GreenVolt Power Corp. (A company
in the development stage)

We have audited the accompanying consolidated balance sheet of GreenVolt Power
Corp. (a company in the development stage) (See Note 1 of Notes to
Consolidated Financial Statements) to  as of June 30, 2000 and the related
consolidated statements of operations, stockholders' deficit, and cash flows
for the year then ended. These consolidated financial statements are the
responsibility of the Company's management. Our responsibility is to express
an opinion on these consolidated financial statements based on our audits.

We conducted our audit in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatements. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audit provide a reasonable basis
for our opinion.

In our opinion, the consolidated financial statements referred to above
present fairly, in all material respects, the financial position of GreenVolt
Power Corp. (a company in the development stage) as of June 30, 2000, and the
results of its operation and its cash flows for the year then ended in
conformity with generally accepted accounting principles.

The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 2 to
the consolidated financial statements, the Company's significant operating
losses, working capital deficiency and significant capital requirements raise
substantial doubt about the ability of the Company to continue as a going
concern. The statements do not include any adjustments that might result from
the outcome of this uncertainty.

HOLLANDER, LUMER & CO. LLP

Los Angeles, California
September 29, 2000

<PAGE>F-3

                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                             CONSOLIDATED BALANCE SHEETS
                               JUNE 30, 2001 AND 2000

<table>
<caption>

                                                         <c>                <c>

                                                                2001              2000

CURRENT ASSETS
Cash and cash equivalents                                   $    8,094        $        1
Prepaid value added tax                                            937             1,278
Due from related parties                                             -             2,237
Advances for fuel cell development                                   -            14,466
                                                               -------            -------
TOTAL CURRENT ASSETS                                             9,031            17,982
DEPOSITS                                                           990                 -
                                                               -------            -------
TOTAL ASSETS                                                $   10,021       $    17,982
                                                               =======            =======
LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
Accounts payable and accrued expenses                       $  130,260        $      -
Notes payable - related party                                    2,500             2,500
Advances from third party                                      284,182            40,434
Due to officer                                                     199             1,611
                                                               -------           --------
TOTAL CURRENT LIABILITIES                                      417,141            44,545
                                                               -------           --------
NET LIABILITIES OF DISCONTINUED OPERATIONS                           -            16,586
                                                               -------           --------
STOCKHOLDERS' DEFICIT
Common stock, $.001 par value; authorized - 20,000,000
shares; issued and outstanding - 18,657,740 shares
on June 30, 2001 and 18,653,500 on June 30, 2000                18,658            18,653
Additional paid in capital                                     510,516           505,521
Deficit accumulated during the development stage              (937,383)         (567,085)
Accumulated other comprehensive expense                          1,089              (238)
                                                              ---------         ---------
TOTAL STOCKHOLDERS' DEFICIT                                   (407,120)          (43,149)

                                                            $   10,021        $   17,982
                                                              =========         =========
See notes to consolidated financial statements

</table>

<PAGE>F-4
                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                        CONSOLIDATED STATEMENTS OF OPERATIONS
                         YEARS ENDED JUNE 30, 2001 AND 2000
<table>
<caption>

                                                   <c>            <c>             <c>

                                                                                     From Inception
                                                                                     April 14, 1998
                                                       June 30,       June 30,             to
                                                        2001           2000          June 30, 2001

REVENUES                                            $       -       $       -        $          -

EXPENSES
General and administrative                            314,823         507,136             824,419
Research and development                               74,261          57,489             131,750
TOTAL EXPENSES                                        389,084         564,625             956,169
LOSS FROM CONTINUING OPERATIONS                      (389,084)       (564,625)           (956,169)
LOSS FROM DISCONTINUED OF OPERATIONS
Gain on disposition of discontinued operations         20,251               -              20,251
Loss from operations of discontinued business          (1,465)              -              (1,465)
TOTAL GAIN FROM DISCONTINUED OPERATIONS                18,786               -              18,786
NET LOSS                                             (370,298)       (564,625)           (937,383)
 WEIGHTED AVERAGE NUMBER OF COMMON SHARES          18,657,740      18,653,500          15,742,826
 LOSS PER SHARE                                        $(0.02)         $(0.03)             $(0.07)


See notes to consolidated financial statements

</table>

<PAGE>F-5
                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                  CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT
                   FROM INCEPTION APRIL 14, 1998 TO JUNE 30, 2001
<table>
<caption>

                                                   <c>                   <c>                 <c>

                                                               Common Stock                         Additional
                                                       Shares                Amount              Paid in Capital
 Issuance of common stock for services
      at $.005 per share                             10,000,000              $10,000                  $35,950

 Issuance of common stock for cash
      at $.001 per share                              5,000,000                5,000                   (4,500)

 Issuance of common stock for cash
      at $.010 per share                                 70,000                   70                    6,930

 Net loss from inception on April 14, 1998
      through June 30, 1998
                                                     ----------              -------                  -------
 Balance, June 30, 1998                              15,070,000               15,070                   38,380

 Issuance of common stock for cash
      at $.010 per share                                147,500                  148                   14,602

 Receipt of stock subscription

 Net loss for the year ended June 30, 1999
                                                     ----------              -------                  -------
 Balance, June 30, 1999                              15,217,500               15,218                   52,982

 Cancellation of common stock                        (9,600,000)              (9,600)                   9,600

 Issuance of common stock in exchange
 for common stock of Greenvolt Corp.                 12,435,240               12,435                  442,939

 Issuance of common stock for services                  600,000                  600

 Foreign currency translation adjustment

 Net loss for the year ended June 30, 2000
                                                     ----------              -------                  -------
 Balance, June 30, 2000                              18,652,740               18,653                  505,521

 Issuance of common stock for services                    5,000                    5                    4,995

 Foreign currency translation adjustment

 Net loss for the year ended June 31, 2001

 Balance, June 30, 2001                              18,657,740              $18,658                 $510,516

</table>


                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
             CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT (continued)

<table>
<caption>

                                                  <c>                   <c>                <c>
                                                                               Other           During the
                                                      Subscription         Comprehensive       Development
                                                       Receivable             Expense             Stage            Total
 Issuance of common stock for services
      at $.005 per share                                $(37,200)                                                 $8,750

 Issuance of common stock for cash
      at $.001 per share                                                                                             500

 Issuance of common stock for cash
      at $.010 per share                                                                                           7,000

 Net loss from inception on April 14, 1998
      through June 30, 1998                                                                        (8,332)        (8,332)
                                                        ---------             --------            --------        -------
 Balance, June 30, 1998                                  (37,200)                  -               (8,332)         7,918

 Issuance of common stock for cash
      at $.010 per share                                                                                          14,750

 Receipt of stock subscription                            37,200                                                  37,200

 Net loss for the year ended June 30, 1999                                                        (51,332)       (51,332)
                                                        ---------             --------            --------        -------
 Balance, June 30, 1999                                        -                   -              (59,664)         8,536

 Cancellation of common stock                                                                                          -

 Issuance of common stock in exchange
 for common stock of Greenvolt Corp.                                            (414)              57,204        512,164

 Issuance of common stock for services                                                                               600

 Foreign currency translation adjustment                                         176                                 176

 Net loss for the year ended June 30, 2000                                                       (564,625)      (564,625)
                                                        ---------             --------           --------        -------
 Balance, June 30, 2000                                        -                (238)            (567,085)       (43,149)

 Issuance of common stock for services                                                                             5,000

 Foreign currency translation adjustment                                       1,327                               1,327

 Net loss for the year ended June 31, 2001                                                       (370,298)      (370,298)

 Balance, June 30, 2001                                $       -              $1,089            $(937,383)     $(407,120)

</table>

<PAGE>F-6

                                GREENVOLT POWER CORP.
                        (A Company in the Development Stage)
                        CONSOLIDATED STATEMENTS OF CASH FLOWS
                         YEARS ENDED JUNE 30, 2001 AND 2000
<table>
<caption>

                                                     <c>             <c>              <c>

                                                                                         Cumulative
                                                                                         From Inception
                                                                                         April 14, 1998
                                                          June 30,        June 30,             to
                                                          2001            2000           June 30, 2001
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss                                                $(370,298)      $(564,625)         $(937,383)
Adjustments:
Foreign currency translation adjustment                     1,327            (238)             1,089
Fair value of services rendered                             5,000                              5,000
Reverse acquisition                                                       524,250            524,250
Changes in operating assets and liabilities:
   Net liabilities of discontinued operations            (16,586)          16,586                  -
Accounts payable and accrued expenses                    130,260                -            130,260
Note payable - related party
Prepaid value added tax                                      341           (1,278)              (937)
Advances for fuel cell development                        14,466          (14,466)                 -
Deposit                                                     (990)               -               (990)
Due to officer                                            (1,412)           1,305              2,353
NET CASH USED IN OPERATING ACTIVITIES                   (237,892)         (38,196)          (276,088)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment                            -                -                  -
Advance to related parties                                                 (2,237)            (2,237)
Repayment from related parties                             2,237                -              2,237
NET CASH USED IN INVESTING ACTIVITIES                      2,237           (2,237)                 -

CASH FLOWS FROM FINANCING ACTIVITIES
Advances from third party                                243,748           40,434            284,182
Proceeds from issuance of common stock                         -                -                  -
NET CASH PROVIDED BY FINANCING ACTIVITIES                243,748           40,434            284,182
NET INCREASE (DECREASE) IN CASH                            8,093                1              8,094
CASH AND CASH EQUIVALENTS, BEGINNING OF THE YEAR               1                -                  -
CASH AND CASH EQUIVALENTS, END OF THE YEAR                $8,094               $1             $8,094
NON CASH INVESTING AND FINANCING ACTIVITES
Common stock issued for services                          $5,000         $524,250           $529,250
                                                        ========        =========          =========
See notes to consolidated financial statements

</table>

<PAGE>F-7

                                  GREENVOLT POWER CORP.
                          (A Company in the Development Stage)
                      NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


1.      Summary of significant accounting policies and business activity

                Business activity

                        GreenVolt Power Corp. (formerly Beck & Co.) (the
"Company") was formed as a Nevada corporation on April 14, 1998, to operate as
a specialty retailer of fine jewelry. In its fiscal year ended June 30, 2000,
the Company has a limited amount of sales, which are included in the loss from
operations of discontinued business.

                        On July 29, 2000, the Company acquired all of the
outstanding shares of GreenVolt Corp. ("GreenVolt"), a Canadian corporation in
a stock for stock exchange. GreenVolt is a development stage company, and is
in the process of developing a fuel cell technologies for commercial and
industrial use. Pursuant to the terms of the merger agreement, the Company
acquired all of the outstanding common stock of GreenVolt and issued
12,435,250 shares of its common stock to the shareholders of GreenVolt, making
GreenVolt a wholly-owned subsidiary of the Company. Also, as part of the
agreement, the Company's old shareholders gave back and canceled for no
consideration, 9,600,000 shares of the Company's outstanding common stock
owned by them. The Company's old shareholders continued to hold 5,617,500
shares. Furthermore, the Company's old shareholders forgave all advances or
loans made to the Company except for $15,000. The Company also issued 600,000
shares to an investment banker.

                        For accounting purposes, the transactions were treated
as an acquisition of the Company by GreenVolt and as a recapitalization of
GreenVolt Corp. The historical financial statements prior to the acquisition
become those of GreenVolt even though they were labeled as those of the
Company. In the recapitalization, historical shareholders' equity of GreenVolt
prior to the merger, was retroactively restated for the equivalent number of
shares received in the merger with an offset to paid-in capital. Operations
prior to the merger were those of GreenVolt. Basic loss per share prior to the
merger was restated to reflect the number of equivalent shares received by
shareholders of GreenVolt.

                        On September 12, 2000, the Company changed its name to
GreenVolt Power Corp. and its fiscal year end from March 31 to June 30 in
order to coincide with the fiscal year end of GreenVolt.

                Start-up activities

                        Costs of start-up activities and organizational costs
were expensed as incurred.

                Estimates

                        The preparation of financial statements in conformity
with generally accepted accounting principles requires management, to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and reported amounts of revenues and expenses during
the reporting period. Actual results could differ from those estimates.

                Fair value of financial instruments

                        The Company's financial instruments consist of cash
equivalents, accrued expenses, and due to related parties.  The fair values of
the Company's financial instruments approximate the carrying value of the
instruments.

                Research and development costs

                        Research and development costs are expensed as
incurred.

                Stock-based compensation

                        Transactions in which goods or services are received
in exchange for equity instruments are accounted for on the basis of the fair
value of the consideration received.

                Foreign currency translation

                        The Company is using the Canadian dollar as their
functional currency. Assets and liabilities are translated into U.S. dollar at
period-end exchange rates. Income statement amounts are translated using the
average rate during the year. Gains and losses resulting from translating
foreign currency financial statements are accumulated in a separate component
of shareholders' equity until the Company is sold or liquidated.

                Income taxes

                        The Company utilizes the asset and liability method
for income taxes. Under this method, deferred tax assets and liabilities are
recognized for the future tax consequences attributable to differences between
the financial statement carrying amounts of existing assets and liabilities
and their respective tax bases and operating loss and tax credit
carryforwards. Deferred tax assets and liabilities are measured using enacted
tax rates expected to apply to taxable income in the years in which those
temporary differences are expected to be recovered or settled. The effect on
deferred tax assets and liabilities of a change in tax rates is recognized in
income in the period that includes the enactment date.

2.      Disclosure of certain significant risks and uncertainties

                Going concern

                        The Company has accumulated net losses of over
$900,000 and negative working capital of almost $400,000 as of June 30, 2001.
The Company's capacity to operate as a going-concern is dependent on its
ability to obtain adequate financing to fund its operations until the Company
is able to complete the necessary testing required to begin the marketing of
the products and generate commercial revenues sufficient to fund ongoing
operations. There can be no guarantee that any additional financing will be
available on terms favorable to the Company or its shareholders or that the
marketing of its products will be successful. Certain shareholders of the
Company have committed to fund the minimal continuing operating cost. These
factors, among others, raise substantial doubt about the Company's ability to
continue as a going concern. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.

                Dependence on key personnel

                        The success of the Company is largely dependent on the
personal efforts of Mr. Thomas Faul, the founder and CEO of the Company. The
loss of Mr. Faul could have a materially adverse effect on the Company's
operations.

                Other risks and uncertainties

                        The Company is subject to various risks and
uncertainties, which are frequently encountered by companies in early stage of
development. Such risks and uncertainties include, but are not limited to, its
limited operating history and a lack of awareness of the Company's product.

3.      Related party transactions

                Due from related parties is comprised of non-interest bearing
advances, which are due on demand from companies owned by Thomas Faul, a
majority stockholder of the Company. As of June 30, 2000 the Company had
$2,214 due from Rama Wheel Corporation and $23 due from Teckserve Limited. As
of June 30, 2001 there were no advances to related parties.

4.      Deposit - fuel cell development

                Under the Technology Development Agreement with Fuel Cell
Technologies Ltd. ("FTC"), the Company advanced $33,500 to FTC for initial
funding for fuel cell development. As of June 30, 2001 and 2000 there was a
balance of $0 and $14,466, respectively, remaining from the initial advance.

5.      Advances from Third Party

                The Company entered into a financing agreement with a third
party. Under the agreement, the third party has advanced, to the Company, a
non-interest bearing amount of $284,182 and $40,434 as of June 30, 2001 and
2000, respectively. In consideration for the advance, the Company agreed to
issue, to the third party, debentures that can be converted into the Company's
Common Stock at CDN$0.15 per share. As of June 30, 2001 none of the advances
has been converted into stock. The Company and the lender are renegotiating
the terms of these advances.

6.      Due to officer

                Due to officer consists of non-interest bearing advances to
the Company by Thomas Faul, a majority stockholder of the Company. Repayment
is due upon demand.

7.      Stockholders' deficit

                In October 2000, the Company issued 5,000 shares of common
stock valued at $1.00 per share for professional services rendered.


8. Gain on discontinued operations

                On September 24, 2000, the Company discontinued its Internet
jewelry business and distributed its assets and liabilities to a stockholder.
The gain resulting from the discontinued operations is as follows:

                Net Assets                                      $  12,864
                Liabilities assumed                               (33,115)
                                                                 --------
                Net gain on discontinued operations             $ (20,251)
                                                                 ========

9.      Income taxes

For the year ended June 30, 2001, the provision for income tax benefit (in
thousand) consists of the following:

                                                            June 30,
                                                           ---------
                                                         2001      2000
               Deferred:                               ------     ------
                  Federal                             $     -    $     -
                  State                                     -          -
                  Benefit of net operating loss           124        213
                  Valuation allowance                    (124)      (213)
                                                       ------     ------
                                                      $     -    $     -
                                                       ------     ------

Deferred taxes are provided for the tax effects of net operating loss (NOL)
carryforwards in the reporting of income for financial statement and income
tax reporting purposes, and arise principally from the use of different
methods in reporting deductions for depreciation, non-cash compensation and
loss from foreign entity. The NOL carryforwards as of June 30, 2001 and 2000
approximately $500,000 and $120,000 expire at varying dates through 2021.

10.     Subsequent events

Subsequent to June 30, 2001, the Company issued 200,000 of common stock valued
at $.056 per share to a consultant as a payment of outstanding invoices.