Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.5.0.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2016
Gateway Rolloff Services, LP [Member]  
Business Acquisition [Line Items]  
Schedule of purchase price paid to related party owner
Party   Cash     Cash Paid on Behalf of Company By Related Entity     Restricted Common Shares     Owner financed short term note     Value Assigned to Shares ($1/share)     Total Purchase Price  
Majority Shareholder – 50% owner   $ -     $ -       1,650,000     $ -     $ 1,650,000     $ 1,650,000  
Non-related entity - 50% owner     -     $ 450,000       750,000       100,000       750,000     $ 1,300.000  
Total   $ -     $ 450,000       2,400,000     $ 100,000     $ 2,400,000     $ 2,950,000
Schedule of accompanying consolidated financial statements using purchase method of accounting
Assets      
Cash   $ 24,912  
Accounts receivable     238,753  
Total current assets     263,665  
Property and Equipment        
Transportation equipment     417,350  
Containers     782,000  
Total property and equipment     1,199,350  
Goodwill and intangible assets        
Customer relationships     683,626  
Goodwill     941,010  
Total goodwill and intangible assets     1,624,636  
Total assets     3,087,651  
Liabilities        
Accounts payable and accrued liabilities     (111,651 )
Due to related party     (26,000 )
Total current liabilities     (137,651 )
Total consideration for acquisition   $ 2,950,000  
Waste Recovery Enterprises, LLC [Member]  
Business Acquisition [Line Items]  
Schedule of purchase price paid to related party owner

 

Party

  Cash     Owner Financed Short Term Note     Restricted Common Shares     Value Assigned  to Shares ($1/share)     Total Purchase Price  
Majority Shareholder – 50% owner   $ -     $ -       1,500,000     $ 1,500,000     $ 1,500,000  
Non-related entity - 50% owner     -       250,000       1,250,000       1,250,000       1,500,000  
Total   $ -     $ 250,000       2,750,000     $ 2,750,000     $ 3,000,000
Schedule of accompanying consolidated financial statements using purchase method of accounting
Assets      
Cash   $ 29,625  
Accounts receivable     32,706  
Other current assets     54,598  
Due from related party     45,953  
Total current assets     162,882  
Property and Equipment        
Transportation equipment     1,116,682  
Machinery and Equipment     756,800  
Buildings     493,225  
Land     225,000  
Containers     160,400  
Leasehold improvements     17,154  
Furniture and fixtures     2,069  
Total property and equipment     2,771,330  
Goodwill and intangible assets        
Customer relationships     639,433  
Licenses and permits     50,000  
Goodwill     1,238,173  
Total goodwill and intangible assets     1,927,607  
Total assets     4,861,819  
Liabilities        
Accounts payable and accrued liabilities     (64,179 )
Due to related entity     (30,000 )
Total current liabilities     (94,179 )
Related party debt     (1,512,754 )
Long term debt     (254,886 )
Total liabilities     1,861,819  
Total consideration for acquisition   $ 3,000,000  
Unrelated Entity [Member]  
Business Acquisition [Line Items]  
Schedule of accompanying consolidated financial statements using purchase method of accounting
Assets      
Property and Equipment   $ 104,400  
Goodwill and intangible assets        
Customer list     79,547  
5 year, 100 mile non-compete agreement     10,000  
Goodwill     36,053  
Total goodwill and intangible assets     125,600  
Total purchase price   $ 230,000