Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 160,931 $ 442,257
Inventory 272,583 392,750
Prepaid expenses and deposits 109,471 74,623
Current assets, Total 542,985 909,630
Property, plant and equipment, net 3,890,087 4,042,359
Assets, Total 4,433,072 4,951,989
Current liabilities:    
Accounts payable 1,807,188 1,603,555
Accounts payable, related parties 410,971 384,776
Notes payable 460,000 $ 1,243,000
Shareholder advances 700,500  
Current portion of long-term debt 2,763,375 $ 35,904
Current liabilities, Total 6,142,034 3,267,235
Long-term debt $ 10,000 $ 2,494,141
Stockholders' equity (deficit):    
Series A preferred stock, par value of $.001 per share 75,000,000 shares shares authorized, 0 shares issued and outstanding at June 30, 2015 and December 31, 2014    
Common stock, par value of $.001 per share 500,000,000 shares authorized, 168,394,828 shares issued and outstanding at June 30, 2015 and 149,944,982 shares issued and outstanding at December 31, 2014 $ 168,387 $ 149,937
Additional paid-in capital 30,127,359 27,128,582
Stock based compensation 6,016,435 6,002,586
Accumulated deficit (38,031,143) (34,090,492)
Stockholders' equity (deficit), Total (1,718,962) (809,387)
Liabilities and Stockholders' Equity (Deficit), Total $ 4,433,072 $ 4,951,989