Financials

v3.7.0.1
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

Source

v3.7.0.1
Unaudited Consolidated Statements of Operations - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Statements of Operations [Abstract]    
Revenues $ 1,662,256 $ 1,553,296
Cost of revenues 1,091,523 917,034
Gross profit 570,733 636,262
Selling, general and administrative expenses 740,226 592,248
Income (loss) from operations (169,493) 44,014
Other income (expenses):    
Interest expense (15,876) (17,065)
Gain on sale of assets 5,000
Other income (expense) 505
Write off of landfill deposits (72,473)
Total other income (expenses) (10,371) (89,538)
Loss before income taxes (179,864) (45,524)
Income tax expense (benefit) (29,118) (4,318)
Net loss (150,746) (41,206)
Preferred stock dividends (50,000) (50,000)
Net loss attributable to common shareholders $ (200,746) $ (91,206)
Net loss per common share:    
Basic $ (0.002) $ (0.001)
Diluted $ (0.002) $ (0.001)
Weighted average number of shares outstanding:    
Basic 69,060,716 65,568,229
Diluted 69,060,716 65,568,229

Source

v3.7.0.1
Unaudited Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flow from operating activities:    
Net loss $ (150,746) $ (41,206)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 276,745 258,151
Non-cash professional expenses 2,421 64,455
Non cash write off of acquisition deposits 50,000
Gain on disposition of assets (5,000)
Bad debt expense 245 335
(Increase) decrease in assets:    
Accounts receivable, net (145,860) (33,809)
Other current assets 41,461 (2,404)
Due from related party (2,710)
Deposits (4,948)
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses (44,704) 29,984
Income taxes payable (21,506)
Deferred tax assets and liabilities, net (21,104) 17,188
Net cash provided by (used in) operating activities (49,252) 316,240
Cash flows from investing activities:    
Acquisition of business (cash portion) (108,000)
Purchases of equipment (14,257) (51,389)
Net cash used in investing activities (122,257) (51,389)
Cash flows from financing activities:    
Issuance of related party long term-debt 18,000
Payments on long term debt (39,332) (57,946)
Payments on capital lease obligation (6,974) (5,890)
Advance from related party 47,515
Net cash provided by (used in) financing activities 19,209 (63,836)
Net increase (decrease) in cash (152,300) 201,015
Cash, beginning of period 344,617  
Cash, end of period 192,317 545,380
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 15,850 17,065
Cash paid during the year for income taxes
Supplemental schedule of non-cash activities:    
Acquisition of business for cash and $270,000 owner financed note (financed portion) and $42,000 of proceeds from related party note payable paid directly to acquisition 270,000
Purchase of vehicle, financed portion 71,723
Refinanced debt acquired from Northeast Data Destruction 60,000
Issuances of shares subscribed 3,150,000
Short term acquisition note paid on behalf of Company by a related party 250,000
Conversion of shareholder debt to 10% cumulative preferred stock 2,000,000
Conversion of shareholder debt to non-interest bearing accrued short term payable (remaining difference from Preferred Conversion of Shareholder Debt) 17,301
Preferred stock dividends accrued, not paid 50,000 50,000
Conversion of related party payable to restricted common stock $ 592,829

Source