UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

CUSIP No. 00504W308

SCHEDULE 13G

1.

Names of Reporting Persons
R. Scott Asen

2.

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization
United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
1,100,000*

6.

Shared Voting Power
696,374**

7.

Sole Dispositive Power
1,100,000*

8.

Shared Dispositive Power
696,374**

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,796,374

10.

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares   o

11.

Percent of Class Represented by Amount in Row 9
7.8% (1)

12.

Type of Reporting Person
IN

CUSIP No. 00504W308

SCHEDULE 13G

Item 1.

Issuer

(a)

Name of Issuer:
P10 Industries, Inc. (the “Issuer”)

(b)

Address of Issuer’s Principal Executive Offices:
2128 W. Braker Lane, BK 12
Austin, Texas 78758

Item 2.

Filing Person

(a) – (c)

Name of Persons Filing; Address; Citizenship:

R. Scott Asen

Asen and Co.

222 ½ East 49th Street

New York, New York 10017

The Reporting Person is a citizen of the United States of America.

(d)

Title of Class of Securities:
Common stock, $0.001 par value per share, (the “Common Stock”).

(e)

CUSIP Number:
00504W308

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act;

(b)

o

Bank as defined in section 3(a)(6) of the Act;

(c)

o

Insurance company as defined in section 3(a)(19) of the Act;

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940;

(e)

o

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;

(j)

o

A non-U.S. institution in accordance with Rule 240.13d–1(b)(1)(ii)(J);

(k)

o

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:____________________________

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                                         

CUSIP No. 00504W308

SCHEDULE 13G

Item 4.

Ownership.

(a)

Amount beneficially owned:   

The Reporting Person is a trustee of The Asen Foundation (the “Foundation”), a not-for-profit foundation, and has been delegated investment authority for the Foundation by the other two trustees of the Foundation, which owns 100,000 shares. The Reporting Person is the President of Asen and Co., which provides certain advisory services to accounts (the “Managed Accounts”) that collectively own 696,374 shares. The Reporting Person may be deemed to beneficially own the shares held by the Foundation and by the Managed Accounts, but the Reporting Person disclaims beneficial ownership of such shares for purposes of Section 13(d) of the Exchange Act.

(b)

Percent of class:   

7.8%, consisting of: (1) 1,000,000 shares owned directly by the Reporting Person, which represent approximately 4.3% of the issued and outstanding shares of Common Stock of the Issuer, (2) 100,000 shares owned by the Foundation, which represent approximately 0.43% of the issued and outstanding shares of Common Stock of the issuer and (3) 696,374 shares owned by the Managed Accounts, which represent approximately 3.0% of the issued and outstanding shares of Common Stock of the issuer.

The foregoing percentages are calculated based on 23,125,154 shares of Common Stock outstanding as of October 21, 2016, as reported in the issuer’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 3, 2016.

(c)

Number of shares as to which such person has:

Number of Shares of Common Stock

Reporting Person

(i)

(ii)

(iii)

(iv)

R. Scott Asen

1,100,000

696,374

1,100,000

696,374

(i)                                     The Reporting Person has sole voting power over 1,000,000 shares which he owns directly. The Reporting Person has sole voting power over 100,000 shares which are owned by the Foundation and as to which the Reporting Person disclaims beneficial ownership.

(ii)                                  The Reporting Person has shared voting power over 696,374 shares owned by the Managed Accounts. The Reporting Person disclaims beneficial ownership of such shares.

(iii)                               The Reporting Person has sole dispositive power over 1,000,000 shares which he owns directly. The Reporting Person has sole dispositive power over 100,000 shares which are owned by the Foundation and as to which the Reporting Person disclaims beneficial ownership.

(iv)                              The Reporting Person has shared dispositive power over 696,374 shares owned by the Managed Accounts. The Reporting Person disclaims beneficial ownership of such shares.

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

See response to Item 4.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

CUSIP No. 00504W308

SCHEDULE 13G

Item 10.

Certification.

Not applicable.

By:

/s/ R. Scott Asen

Name: R. Scott Asen