It was apparently funded by a Kickstarter campaign. I wasn't really expecting much from it when I decided to watch it. I watch plenty of bad movies, so I can be entertained by the badness itself.
This was better than I was expecting, though. The production value turns out to be decent, the acting is largely acceptable, the direction and editing mostly work, and the costuming is downright impressive (with one very obvious exception at about the 45 minute mark).
The fight choreography, on the other hand, was extremely disappointing. The establishing scenes for the leads don't make them look badass: they make them look incompetent.
The plot also has gigantic holes, of course, and when it comes to keeping the villains from obtaining the resources they need to complete their nefarious plan, the heroes do everything wrong, requiring something of a deus ex machina to save the world. That's a bit lame, but the film-makers obviously wanted to have a big special effects ending, so the villainous plan pretty much had to succeed and then be reversed.