REGENT TECHNOLOGIES INC

Multi-Scale Photovoltaic (PV) Solar Power.  Through the REGENT-EDDS team, we have the capability to provide a full-service solution for any PV solar panel application including commercial, industrial and residential.  Regent-EDDS provides an experienced team with disciplines to cover legal, design, engineering, permitting, and installation plus service and repairs.    The professionals at REGENT-EDDS have installed over 10 Mw of solar PV and have been recognized annually by Solar Power World for their high level of performance for quantity and quality.  The REGENT-EDDS vision is to partner with all parties involved in bringing solar energy to the environment.  This has ranged from developers, installers, state and local governments, and educational institutions to landowners (urban and rural) who are solely interested in making a statement about improving the environment.  A typical installation of 150kW solar power will generate 200 MWh annually and displace 180 tons of carbon dioxide annually which is equivalent to 18,500 gallons of gasoline.

Standby Power Units Residential and Industrial.  While we believe the SL-10 Power Unit has a future disruptive capability to the 10kW- 100kW market, our REGENT -EDDS team has the capability to bring standby power options to residential and industrial applications.  Our solutions include diesel and natural gas standby units as well our ongoing development of our patented solar CSP options.  Our standby solution ensures superior quality in its unique design and assembly by choosing engines, generators and other key components that have been proven in residential, light and heavy-duty industrial applications under adverse conditions. Combined with our state-of-the-art electronic control system, our generator sets reliably and consistently provide the prime and standby power required in low kilowatt applications for residential, oilfield and industrial operations. With a wide variety of options and configurations, we can provide users with generators to suit their unique requirements. We are committed to ensuring that training and support to our customers continues long after their generator acquisition.

In May 2014, FASB issued Accounting Standards Update No. 2014-09 (“Update 2014-09”), Revenue from Contracts with Customers (Topic 606). Update 2014-09 amends the revenue recognition guidance and requires more detailed disclosures to enable financial statement users to understand the nature, amount, timing and uncertainties of revenue and cash flows arising from contracts with customers. In April 2016, FASB issued Accounting Standards Update No. 2016-10 (“Update 2016-10”), Revenue from Contracts with Customers (Topic 606), Identify Performance Obligations and Licensing. In March 2016, FASB issued Accounting Standards Update No. 2016-08 (“Update 2016-08”), Revenue from Contracts with Customers (Topic 606), Principal versus Agent Considerations (Reporting Revenue Gross versus Net). In May 2016, FASB issued Accounting Standards Update No. 2016-12 (“Updated 2016-12”), Revenue from Contracts with Customers (Topic 606), Narrow-Scope Improvements and Practical Expedients. Both Update 2016-10 and 2016-08 provide additional guidance on how an entity should recognize revenue when depicting the transfer of promised goods or services. These Updates provide more guidance on identifying performance obligations and licensing. Update 2016-12 provides additional clarification to the steps an entity should follow to achieve the core principle of Topic 606. The guidance, as amended, is effective for annual and interim reporting periods beginning after December 15, 2017. The Company did not elect early adoption of these Updates. Management has reviewed the essential provisions of all of our major revenue contracts and our revenue recognition practices. As a result of this review, Management does not expect a material impact on the consolidated statement of income. The Company has elected to adopt these pronouncements using the modified retrospective method effective January 1, 2018.

MacuCLEAR Inc. discontinued Phase 2 clinical trials in February 2017 following indications that the new drug had the potential to positively effect visual acuity.  MacuCLEAR engaged a national merger and acquisition firm to help market the assets of MacuCLEAR but during the fourth quarter of 2107, the management of MacuCLEAR announced that efforts to sell the assets had received no interest. Accordingly, we are marking these assets as having no value and taking a loss of $81,769 for the remaining book value.  There were no sales of MacuCLEAR preferred or common stock in 2017.  MacuCLEAR management indicated that for purposes of public valuation the MacuCLEAR Preferred Stock has no value even though the MacuCLEAR assets are continuing to be marketed for salvage value.  This value reduction is consistent with the Company’s previous application of the requirements of ASC No. 820, "Fair Value Measurement.”  The remaining 4,361 shares of MacuCLEAR Preferred Stock were transferred in an agreement with a related party effective December 31, 2017.     See Note 9.

Regent Technologies, Inc. is offering to sell up to 50 units (“Units”), each Unit initially consisting of 100,000 shares of common stock, par value $0.01 per share (“Common Stock” or “Common Shares”), at the price of $10,000 per Unit or $0.10 per share) to investors within the United States. The minimum investment per participant is one Unit; however, we may, at our sole discretion and as permitted by applicable securities laws, elect to accept subscriptions for fractional Units. For each Unit, the holder will receive warrants to purchase up to 50,000 shares of the Company’s Common Stock at a fixed exercise price of $0.25 per share at any time during the five years from the date of issue.  The minimum offering is 2 units. If the minimum is not met, all tendered funds will be returned without interest. The Units will be offered on our behalf by licensed broker-dealers (“the Placement Agents”) who are members of the Financial Industry Regulatory Authority (“FINRA”) on a best-efforts basis and by certain of our officers and directors. Placement Agents may receive sales commissions of up to 10% of the purchase price of the Units they sell. No compensation will be paid to our officers and directors for the sale of Units. The offering will terminate on the earliest to occur of: (i) acceptance by the Company of subscriptions for a maximum of $500,000, (ii) December 31, 2018 (which date may be extended at our sole discretion); or (iii) such earlier date as we may deem to be in the best interests of Regent.

Effective July 1, 2017, the Company negotiated an amendment to extend the Patent License with Solar Logic Incorporated (SLI) due to delays from patent claims asserted against SLI by former contract employees.  The patent claims were settled and the amendment to the License was executed which extended the terms of the original milestones by 12 months each and the original payment schedule for legal fees was modified.  The legal fee modification and subsequent payment schedule resulted in the forgiveness by SLI of $15,700 of legal fees primarily due to services rendered by the Company in settling the patent claims.  Effective December 31, 2017, the Company entered into an agreement with SIG Operating Company (SIG) whereby SIG agreed to assume the $10,660 Subsidiary’s asset retirement obligation and any plugging liability in exchange for the salvage of the oil and gas equipment and the transfer of the Company’s remaining shares of  MacuCLEAR Preferred Stock to SIG.  The terms of the SIG agreement include the understanding that if the MacuCLEAR stock is sold or transferred for an amount in excess of the $10,660, that the excess proceeds will be applied to the monies owed to the President and to NR Partners, if any, or paid to the Company, net of any applicable taxes.  The current oil and gas equipment subject to the SIG agreement consisted of one salt water tank, one pump jack, one separator and two transfer pumps, all of which are in need of repair.  SIG Operating Company is controlled by the President of the Company.