Financials

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 451,752 $ 344,365
Accounts receivable, net 647,710 570,347
Prepaids and other current assets 88,783 38,362
Due from related party 54,473 54,473
Total current assets 1,242,718 1,007,547
Property and equipment, net 4,794,190 5,041,280
Other assets:    
Goodwill 2,215,236 2,179,183
Intangible assets, net 1,275,813 1,413,353
Secured letter of credit 324,950 324,950
Deferred tax asset 7,082 53,662
Other deposits 13,698 8,750
Total other assets 3,836,779 3,979,898
Total assets 9,873,687 10,028,725
Current liabilities:    
Accounts payable and accrued expenses 514,152 261,199
Current portion of long term debt 140,061 184,932
Current portion of capital lease obligations 28,523 25,131
Due to related party 128,996 742,441
Short term related party acquisition notes 350,000
Accrued preferred stock dividends 150,000
Total current liabilities 961,732 1,563,703
Long-term liabilities:    
Long term debt, net of current portion 313,274 419,073
Capital lease obligations, net of current portion 81,091 102,929
Environmental remediation obligation 424,596 424,596
Loan from shareholder 2,017,301
Long term deferred tax liability 70,221 70,221
Total liabilities 1,850,914 4,597,823
Commitments and contingencies (see note 5)
Stockholders' equity (deficit):    
Common stock, no par value; 250,000,000 shares authorized, 67,631,549 and 62,880,483 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively
Additional paid-in capital 6,630,964 2,456,136
Common stock subscribed (24,909) 3,150,000
Retained earnings (deficit) (583,282) (175,234)
Total stockholders' equity 8,022,773 5,430,902
Total liabilities and stockholders' equity 9,873,687 10,028,725
Series A Preferred Stock    
Stockholders' equity (deficit):    
Preferred stock value
Series B Preferred Stock    
Stockholders' equity (deficit):    
Preferred stock value $ 2,000,000

Source

v3.5.0.2
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Statements of Operations [Abstract]        
Revenues $ 1,771,819 $ 479,698 $ 4,889,453 $ 1,349,824
Cost of revenues 612,057 216,083 2,509,432 661,622
Gross profit 1,159,762 263,615 2,380,021 688,202
Selling, general and administrative expenses 1,121,928 147,475 2,288,794 380,775
Income from operations 37,834 116,140 91,227 307,427
Other income (expenses):        
Interest expense (14,467) (4,085) (50,239) (23,705)
Write off of landfill deposits (72,473)
Write off of other deposits (18,500)
Gain (loss) on disposition of assets (12,345) (12,345)
Other expenses (4,807)
Total other income (expenses) (26,812) (4,085) (153,557) (28,512)
Income (loss) before income taxes 11,022 112,055 (62,330) 278,915
Income tax expense (benefit) 221,952 30,301 195,719 94,045
Net income (loss) $ (210,930) $ 81,754 $ (258,049) $ 184,870
Net income (loss) per common share:        
Basic $ (0.003) $ 0.001 $ (0.004) $ 0.003
Diluted $ (0.003) $ 0.001 $ (0.004) $ 0.003
Weighted average number of shares outstanding:        
Basic 67,244,947 60,269,156 66,541,662 60,126,602
Diluted 67,244,947 60,269,156 66,541,662 60,126,602

Source

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flow from operating activities:    
Net income (loss) $ (258,049) $ 184,870
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expenses 793,394 122,064
Non-cash professional expenses 99,624 146,682
Non cash write off of acquisition deposits 50,000
Loss (gain) on disposition of assets 12,345
Non-cash salaries and wages 11,850
Bad debt expense (81,761)
Non-cash interest expense 5,533
(Increase) decrease in assets:    
Accounts receivable, net (77,363) (29,786)
Other current assets (50,421) (6,325)
Deposits (4,948) 8,662
(Decrease) increase in liabilities:    
Accounts payable and accrued expenses 237,653 46,125
Related party accrued interest 94,045
Deferred tax assets and liabilities, net 46,580
Net cash provided by operating activities 860,665 490,109
Cash flows from investing activities:    
Acquisition of business (230,000)
Purchases of property and equipment (252,162) (35,594)
Cash proceeds from sale of assets 23,000
Purchases of intangible assets (24,272)
Net cash used in investing activities (459,162) (59,866)
Cash flows from financing activities:    
Payments on long term debt (150,670)
Payments on short term acquisition note (100,000)
Payments on related party payables (25,000)
Payments on capital lease obligation (18,446) (15,581)
Payments on loan from shareholder (51,790)
Net cash provided by (used in) financing activities (294,116) (67,371)
Net increase (decrease) in cash 107,387 362,872
Cash, beginning of period 344,365 108,642
Cash, end of period 451,752 471,514
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 50,239 19,988
Cash paid during the year for income taxes
Supplemental schedule of non-cash activities:    
Issuances of shares subscribed 3,150,000
Short term acquisition note paid on behalf of Company by a related party 250,000
Settlement of amounts due to related party for restricted common stock 704,983
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 Prefeerred Conversion of Shareholder Debt) 17,301
Preferred stock dividends accrued, not paid 150,000
Issuance of shares for professional services 6,200
Issuances of shares subscribed for deposit on landfill 225,000
Issuances of shares subscribed for professional services $ 146,682

Source