Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows (Unaudited)

v3.7.0.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net loss $ (10,555,170) $ (10,586,133)
Adjustments to reconcile net loss to net cash (used in) provided from operating activities:    
Depreciation and amortization 7,391,591 3,505,840
Interest accretion on landfill liabilities 169,206 91,589
Amortization of capitalized loan fees & debt discount 390,128 272,461
Unrealized (gain) loss on derivatives 554,112 (120,000)
Bad Debt Expense 337,374
Stock issued to vendors for services 778,985
Stock and Options issued to employees as incentive compensation 70,701 5,572,098
Gain on extinguishment of debt (2,654,821)
Impairment expense 221,146 1,255,269
Gain on contingent liability (1,000,000)
Loss on disposal of equipment 841 5,158
Changes in working capital items net of acquisitions:    
Accounts receivable, net of allowance (1,596,593) (251,954)
Prepaid expenses and other current assets (216,759) (322,813)
Deposits (131,999)
Accounts payable and accrued expenses (888,954) 1,286,944
Deferred compensation (769,709) (237,047)
Deferred revenue 2,312,274 189,130
Deferred Rent 54,149
Deferred Tax Liability 224,518
Net cash (used in) provided from operating activities (4,955,966) 307,528
Cash flows from investing activities:    
Investment in CFS Group of Companies (3,933,276)
Landfill additions (1,089,807) (297,482)
Acquisition of property, plant and equipment (1,558,891) (4,047,475)
Purchases of short-term investments 1,953,969 (1,951,414)
Cash proceeds received from post acquisition settlement 245,222
Proceeds from sale of property, plant and equipment 46,975
Net cash used in investing activities (4,628,005) (6,004,174)
Cash flows from financing activities:    
(Repayments) on notes due related parties (253,000)
Proceeds from loans 1,669,212 2,150,000
Cash paid for debt issuance costs (866,951)
Proceeds from issuance of common stock, net of fees 13,763,127 2,187,502
Principal payments on capital lease (233,421)
Principal payments on notes payable (3,034,994) (131,262)
Direct Financing lease 11,481
Net cash provided from financing activities 11,055,454 4,206,240
Net change in cash 1,471,483 (1,490,406)
Beginning cash 824,928 2,729,795
Ending cash 2,296,411 1,239,389
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 3,365,270 2,015,540
Supplemental Non-Cash Investing and Financing Information:    
Note payable incurred for acquisition 34,100,000
Common stock issued for consideration in an acquisition 1,390,000
Retirement of Preferred Stock C and related top off provision through the issuance of Common Stock (and related derivative liability) 1,227,065
Property, plant and equipment additions financed with notes payable and capital leases 6,567,590
Deemed dividend related to beneficial conversion feature of Series C Preferred Stock 2,115,317
Debt issuance costs for common stock to be issued 191,000
Warrant cancellation $ 1,232,379