Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 471,514 $ 108,642
Accounts receivable, net 217,172 105,625
Prepaids and other current assets 10,010 3,685
Due from related party 8,400 8,400
Total current assets 707,096 226,352
Property and equipment, net 672,627 744,405
Other assets:    
Intangible assets, net 45,905 36,325
Secured letter of credit 324,950 $ 324,950
Deposits on landfill acquisition 225,000
Other deposits 8,750 $ 17,412
Total other assets 604,605 378,687
Total assets 1,984,328 1,349,444
Current liabilities:    
Accounts payable and accrued expenses 65,461 19,336
Current portion of capital lease obligations 24,093 21,228
Due to related party - accrued interest 27,841 22,308
Income taxes payable 126,287 32,242
Total current liabilities 243,682 95,114
Long-term liabilities:    
Capital lease obligations, net of current portion 109,614 128,060
Environmental remediation obligation 424,596 424,596
Loan from shareholder 704,547 756,337
Long term deferred tax liability 48,709 48,709
Total liabilities $ 1,531,148 $ 1,452,816
Commitments and contingencies (see note 5)
Stockholders' equity (deficit):    
Common stock, no par value; 250,000,000 shares authorized, 60,451,842 and 60,000,000 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively
Preferred stock, no par value; 10,000,000 shares authorized, 1 share and 0 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively
Additional paid-in capital $ 267,496 $ 9,454
Common stock subscribed 113,640
Retained earnings (deficit) 72,044 $ (112,826)
Total stockholders' equity (deficit) 453,180 (103,372)
Total liabilities and stockholders' equity (deficit) $ 1,984,328 $ 1,349,444