Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 10,240,895 $ 469,570
Accounts receivable 978,000 628,700
Lease receivable current 95,096 98,400
Inventory 5,067,487 2,464,835
Prepaid expenses and deposits 1,533,537 255,163
Current assets, Total 17,915,015 3,916,668
Property, plant and equipment, net 5,895,372 6,002,631
Lease receivable long-term 213,080 320,494
Assets, Total 24,023,467 10,239,793
Current liabilities:    
Accounts payable 2,618,499 3,923,758
Accounts payable, related parties 24,097 101,339
Shareholder advances 229,772
Current portion of long-term debt 80,003 79,521
Current liabilities, Total 2,722,599 4,334,390
Long-term debt 2,083,159 2,088,429
Stockholders' equity:    
Series A preferred stock, par value of $.001 per share 75,000,000 shares authorized, 0 shares issued and outstanding at March 31, 2017 and December 31, 2016
Common stock, par value of $.001 per share 50,000,000 shares authorized, 35,956,800 shares issued and outstanding at March 31, 2017 and 27,578,864 shares issued and outstanding at December 31, 2016 35,957 27,579
Additional paid-in capital 90,175,571 66,862,608
Accumulated deficit (70,993,819) (63,073,213)
Stockholders' equity (deficit), Total 19,217,709 3,816,974
Liabilities and Stockholders' Equity (Deficit), Total $ 24,023,467 $ 10,239,793