Balance Sheet

v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 1,247,756 $ 2,729,795
Short-term investments - Restricted 1,952,805 0
Accounts receivable, net of allowance 2,197,701 1,707,818
Prepaid expenses 444,176 427,615
Other current assets 95,920 52,359
Total current assets 5,938,358 4,917,587
Property, plant and equipment, at cost net of accumulated depreciation 16,931,444 14,433,740
Assets held for sale 395,000 0
Other assets:    
Investment in related party affiliate 362,080 364,185
Deposits 11,454 10,954
Goodwill 7,234,420 7,479,642
Landfill assets, net of accumulated amortization 3,526,506 3,393,476
Customer list, net of accumulated amortization 15,673,879 19,500,362
Non-compete, net of accumulated amortization 124,949 155,699
Website, net of accumulated amortization 23,816 10,904
Total other assets 26,957,104 30,915,222
Total assets 50,221,906 50,266,549
Current liabilities:    
Accounts payable 2,588,904 1,988,050
Accrued expenses 598,859 280,069
Notes payable, related party 359,891 359,891
Deferred compensation 778,044 996,380
Deferred revenue 3,394,204 2,912,264
Convertible notes due related parties, includes put premiums 11,850 15,065
Contingent liability 0 1,000,000
Derivative liabilities 2,650,589 2,820,000
Current portion - long-term debt 339,178 417,119
Total current liabilities 10,721,519 10,788,838
Long-term liabilities:    
Asset retirement obligation 337,930 200,252
Deferred tax liability 145,000 0
Long-term debt, net of current 41,698,603 39,170,796
Total long-term liabilities 42,181,533 39,371,048
Total Liabilities 52,903,052 50,159,886
Shareholders' equity:    
Common stock, par value $.025, 75,000,000 shares authorized, 1,194,051 and 1,051,933 shares issued and 1,182,551 and 1,040,433 shares outstanding, respectively 29,851 26,298
Dividends 0 0
Treasury stock, at cost, 11,500 shares (224,250) (224,250)
Additional paid-in capital 36,995,896 28,124,160
Accumulated deficit (42,127,665) (27,819,616)
Total shareholders' (deficit) equity (5,326,097) 106,663
Total liabilities and shareholders' equity 50,221,906 50,266,549
Preferred Series A    
Shareholders' equity:    
Preferred Stock 0 0
Preferred Series B    
Shareholders' equity:    
Preferred Stock 71 71
Preferred Series C    
Shareholders' equity:    
Preferred Stock $ 2,644,951 $ 0

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