Well good news on the 50. Installed a new battery today, I was using a battery jumper before due to a NG battery that was in the quad when purchased. We checked out all the connections and changed the screw mount on the ignition coil due to the plastic boss having cracked and not holding the ground wire securely (I had already changed the self tapping screw to a machine screw and nut to no avail). I also cleaned the carb, fuel filters were checked and made sure the oiling system wasn't all gummed up from sitting. I then cranked it over a bit and low and behold I had spark Back! We put the whole thing back together, did some adjustments on the idle and carb settings and the little bugger is purring like a kitten. It's going to be a great kids bike due to it's adjustable throttle and rev limit. It will still do fun donuts even with a grown up on It!
Thanks all for the help and info!