A year after it was ordered by the state, an audit of the now defunct Willard & Kelsey Solar Group out of Perrysburg concluded that the company cannot produce receipts or invoices for $1.3 million of a $5 million loan it received from the Ohio Development Services Agency (DSA), The Blade reports. Accounting records show that the money was given to two other companies owned by Willard & Kelsey President Jim Appold – E-Z Pak Co. and Consolidated Biscuit Co. The company's executives "have until Aug. 12 to provide the state with information about the expenditures in question, in addition to explaining why the company used $510,324 from its loan to purchase equipment not covered under its state contract." The audit followed allegations that part of the loan was used for executive compensation in violation of the terms of its terms (See our July 03, 2013, blog post for more information). The company closed permanently on June 30, 2013, and is, in addition to being entangled in multiple legal issues, also indebted to the state for $12 million after having defaulted on two loans, the article said. For more, read the full story.