Quarterly report pursuant to Section 13 or 15(d)

Unaudited Consolidated Balance Sheets

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Unaudited Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 192,317 $ 344,617
Accounts receivable, net 706,664 561,049
Prepaids and other current assets 153,179 194,640
Due from related party 19,460 16,754
Total current assets 1,071,620 1,117,060
Property and equipment, net 5,007,586 4,941,285
Other assets:    
Goodwill 2,317,965 2,317,965
Intangible assets, net 1,332,412 1,184,259
Secured letter of credit 324,950 324,950
Deferred tax asset 442,210 438,444
Total other assets 4,417,537 4,265,618
Total assets 10,496,743 10,323,963
Current liabilities:    
Accounts payable and accrued expenses 603,525 648,230
Current portion of long term debt 213,988 155,889
Current portion of related party debt 11,451
Current portion of capital lease obligations 31,035 29,753
Due to related party 121,511 73,996
Related party accrued preferred stock dividends 250,000 200,000
Total current liabilities 1,231,510 1,107,868
Long-term liabilities:    
Long term debt, net of current portion 564,743 320,451
Related party long term debt, net of current portion 48,549
Capital lease obligations, net of current portion 61,270 69,526
Environmental remediation obligation 324,950 324,950
Long term deferred tax liability 657,354 694,476
Total liabilities 2,888,376 2,517,271
Commitments and contingencies (see note 5)
Stockholders' equity:    
Common stock, no par value; 250,000,000 shares authorized, 68,919,049 and 69,094,049 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively. 6,720,003 6,717,582
Accumulated deficit (1,111,636) (910,890)
Total stockholders' equity 7,608,367 7,806,692
Total liabilities and stockholders' equity 10,496,743 10,323,963
Series A Preferred stock    
Stockholders' equity:    
Preferred stock value
Series B Preferred stock    
Stockholders' equity:    
Preferred stock value $ 2,000,000 $ 2,000,000