Balance Sheet

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 409,593 $ 1,290,231
Accounts receivable, net 2,122,044 1,453,484
Deferred rents receivable 724,827 610,789
Due from third parties 1,844,050 1,196,918
Due from related parties 134,781 134,781
Note receivable, current portion 46,879 45,444
Other current assets 376,459 357,019
Total current assets 5,658,633 5,088,666
Property and equipment, net 27,168,997 25,954,931
Note receivable, long-term portion 566,999 578,831
Other assets 543,445 579,587
Total assets 33,938,074 32,202,015
Current liabilities:    
Accounts payable 2,721,103 2,831,658
Accrued expenses 1,445,403 1,405,336
Due to related parties 200,996 400,996
Mortgages payable, current portion 119,668 118,556
Common stock subscriptions 3,236,001
Notes payable 9,215,249 10,665,899
Total current liabilities 16,938,420 15,422,445
Mortgages payable, long-term portion 6,026,376 5,532,397
Notes payable
Other liabilities 240,013 240,013
Total liabilities 23,204,809 21,194,855
Stockholders’ equity:    
Series A convertible preferred stock, $0.001 par value; 50,000,000 shares authorized at March 31, 2018 and December 31, 2017; no shares issued or outstanding at March 31, 2018 and December 31, 2017
Series A preferred stock subscribed but not issued; zero and 500,000 shares at March 31, 2018 and December 31, 2017, respectively 500
Common stock, $0.001 par value; 500,000,000 shares authorized at March 31, 2018 and December 31, 2017; 179,795,933 and 176,940,331 shares issued at March 31, 2018 and December 31, 2017, respectively; 179,705,933 and 176,850,331 shares outstanding at March 31, 2018 and December 31, 2017, respectively 179,796 176,940
Common stock subscribed but not issued; 1,000,000 shares at March 31, 2018 and December 31, 2017 370,000 370,000
Subscriptions receivable (25,000) (25,000)
Common stock warrants 2,382,726 2,176,379
Treasury stock, at cost; 90,000 shares at March 31, 2018 and December 31, 2017 (45,000) (45,000)
Additional paid-in capital 21,563,178 20,149,591
Accumulated deficit (13,866,883) (11,971,740)
Noncontrolling interests 174,448 175,490
Total stockholders’ equity 10,733,265 11,007,160
Total liabilities and stockholders’ equity $ 33,938,074 $ 32,202,015

Source