Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 344,365 $ 108,642
Accounts receivable, net 570,347 105,625
Prepaids and other current assets 38,362 3,685
Due from related party 54,473 8,400
Total current assets 1,007,547 226,352
Property and equipment, net 5,041,280 744,405
Other assets:    
Secured letter of credit 324,950 324,950
Intangible assets, net 1,413,353 $ 36,325
Goodwill 2,179,183
Deferred tax asset 53,662
Other deposits 8,750 $ 17,412
Total other assets 3,979,898 378,687
Total assets 10,028,725 1,349,444
Current liabilities:    
Accounts payable and accrued expenses 228,957 $ 19,336
Current portion of long term debt 184,932
Current portion of capital lease obligations 25,131 $ 21,228
Due to related party 742,441 $ 22,308
Short term related party acquisition notes 350,000
Income taxes payable 32,242 $ 32,242
Total current liabilities 1,563,703 95,114
Long-term liabilities:    
Capital lease obligations, net of current portion 102,929 $ 128,060
Long term debt, net of current portion 419,073
Environmental remediation obligation 424,596 $ 424,596
Loan from shareholder 2,017,301 756,337
Long term deferred tax liability 70,221 48,709
Total liabilities $ 4,597,823 $ 1,452,816
Commitments and contingencies (see note 5)
Stockholders' equity (deficit):    
Common stock, no par value; 250,000,000 shares authorized, 62,880,483 and 60,000,000 shares issued and outstanding at December 31, 2015 and 2014, respectively
Preferred stock, no par value; 10,000,000 shares authorized, 1 share and 0 shares issued and outstanding as of December 31, 2015 and 2014, respectively
Additional paid-in capital $ 2,456,136 $ 9,454
Common stock subscribed 3,150,000
Retained earnings (deficit) (175,234) $ (112,826)
Total stockholders' equity (deficit) 5,430,902 (103,372)
Total liabilities and stockholders' equity (deficit) $ 10,028,725 $ 1,349,444