Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 469,570 $ 7,677,163
Accounts receivable 628,700
Lease receivable current 98,400
Inventory 2,464,835 78,917
Prepaid expenses and deposits 255,163 3,149,289
Current assets, Total 3,916,668 10,905,369
Property, plant and equipment, net 6,002,631 3,736,359
Lease receivable long-term 320,494
Assets, Total 10,239,793 14,641,728
Current liabilities:    
Accounts payable 3,923,758 1,606,695
Accounts payable, related parties 101,339 399,542
Notes payable 13,534,426
Shareholder advances 229,772 111,700
Current portion of long-term debt 79,521 2,772,500
Current liabilities, Total 4,334,390 18,424,863
Long-term debt 2,088,429
Stockholders' equity (deficit):    
Series A preferred stock, par value of $.001 per share 75,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2016 and December 31, 2015
Common stock, par value of $.001 per share 50,000,000 shares authorized, 27,578,864 shares issued and outstanding at December 31, 2016 and 18,204,923 shares issued and outstanding at December 31, 2015 27,579 18,205
Additional paid-in capital 60,322,604 33,557,615
Stock based compensation 6,540,004 6,158,390
Accumulated deficit (63,073,213) (43,517,345)
Stockholders' equity (deficit), Total 3,816,974 (3,783,135)
Liabilities and Stockholders' Equity (Deficit), Total $ 10,239,793 $ 14,641,728