On 11/13/2009, Current Technology Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Current Technology Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss from operations before income taxes, minority interest and equity in net loss from associated companies of $3.86 million and net loss of $3.86 million or $0.02 loss per basic and diluted share on revenue of $29,651 against loss from operations before income taxes, minority interest and equity in net loss from associated companies of $1.04 million and net loss of $1.12 million or $0.01 loss per basic and diluted share on revenue of $224,931, reported a year ago. Net cash used in operating activities were $142,313 against $744,550, reported a year ago. For the six months, the company reported loss from operations before income taxes, minority interest and equity in net loss from associated companies of $5.06 million and net loss of $5.06 million or $0.03 loss per basic and diluted share on revenue of $120,411 against loss from operations before income taxes, minority interest and equity in net loss from associated companies of $2.37 million and net loss of $2.2 million or $0.02 loss per basic and diluted share on revenue of $354,728, reported a year ago. Net cash used in operating activities were $713,536 against net cash from operating activities of $445,469, reported a year ago. Purchase of fixed assets purchase was $157,802 against $458,915, reported a year ago.

Current Technology Corp. announced that it has agreed with Keith Denner, its principal shareholder and creditor, to extend and restructure his credit facility with the company. Mr. Denner agreed to extend the maturity of the credit facility from January 19, 2010 to January 22, 2011 and to reduce the interest rate during the extension period to 1% under the prime interest rate from 10% per annum if the facility is paid prior to its maturity date. Including his 2009 advances, the principal and accrued interest on the credit facility was $1,642,039 at August 31, 2009, an increase of $322,320 since September 2008. All other terms of the credit facility, as last amended in September 2008, remain the same.