Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.5.0.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 276,976 $ 344,365
Accounts receivable, net 656,444 570,347
Prepaids and other current assets 66,790 38,362
Due from related party 54,473 54,473
Total current assets 1,054,683 1,007,547
Property and equipment, net 4,930,029 5,041,280
Other assets:    
Secured letter of credit 324,950 324,950
Intangible assets, net 1,354,721 1,413,353
Goodwill 2,215,236 2,179,183
Deferred tax asset 36,474 53,662
Other deposits 13,698 8,750
Total other assets 3,945,079 3,979,898
Total assets 9,929,791 10,028,725
Current liabilities:    
Accounts payable and accrued expenses 284,411 261,199
Current portion of long term debt 146,073 184,932
Current portion of capital lease obligations 28,125 25,131
Due to related party 126,913 742,441
Short term related party acquisition notes 25,000 350,000
Accrued preferred stock dividends 100,000
Total current liabilities 710,522 1,563,703
Long-term liabilities:    
Capital lease obligations, net of current portion 83,656 102,929
Long term debt, net of current portion 349,430 419,073
Environmental remediation obligation 424,596 424,596
Loan from shareholder 2,017,301
Long term deferred tax liability 70,221 70,221
Total liabilities 1,638,425 4,597,823
Commitments and contingencies (see note 5)
Stockholders' equity (deficit):    
Common stock, no par value; 250,000,000 shares authorized, 66,923,312 and 62,880,483 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively.
Additional paid-in capital 6,238,415 2,456,136
Common stock subscribed 375,304 3,150,000
Retained earnings (deficit) (322,353) (175,234)
Total stockholders' equity 8,291,366 5,430,902
Total liabilities and stockholders' equity 9,929,791 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