Balance Sheet

v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 4,215,835 $ 4,104,315
Accounts receivable, net 7,134,020 5,376,966
Deferred rents receivable 2,098,677 2,096,384
Due from third parties 2,296,163 3,860,377
Due from related parties
Notes receivable, current portion 64,392 51,462
Seed inventory 3,250,000
Other current assets 170,957 219,012
Total current assets 19,230,044 15,708,516
Property and equipment, net 35,422,135 34,099,864
Intangibles, net 123,333 185,000
Investments 34,117,571 1,672,163
Notes receivable, less current portion 2,172,200 1,092,376
Debentures receivable 30,000,000
Operating lease right-of-use assets 6,171,473
Finance lease right-of-use assets 31,802
Due from related parties 120,821 119,781
Other assets 235,905 82,924
Total assets 97,625,284 82,960,624
Current liabilities:    
Accounts payable 1,940,468 3,915,430
Accrued expenses 1,776,660 1,588,368
Deferred rents payable 105,901
Notes payable 10,380,000 3,877,701
Mortgages payable, current portion 217,479 188,231
Operating lease liabilities, current portion 487,009
Finance lease liabilities, current portion 12,661
Due to related parties 220,271 276,311
Total current liabilities 15,034,548 9,951,942
Mortgages payable, less current portion 7,289,871 7,348,581
Debentures payable 3,794,532 3,557,440
Operating lease liabilities, less current portion 5,794,580
Finance lease liabilities, less current portion 19,820
Other liabilities 169,200 338,200
Total liabilities 32,102,551 21,196,163
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 50,000,000 shares authorized at March 31, 2019 and December 31, 2018; no shares issued or outstanding at March 31, 2019 and December 31, 2018
Series A preferred stock subscribed but not issued; no shares outstanding at March 31, 2019 and December 31, 2018
Common stock, $0.001 par value; 500,000,000 shares authorized at March 31, 2019 and December 31, 2018; 212,425,383 and 211,013,043 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 212,425 211,013
Common stock subscribed but not issued; zero and 97,136 shares at March 31, 2019 and December 31, 2018 169,123
Additional paid-in capital 91,200,774 87,180,165
Accumulated deficit (25,599,019) (25,575,808)
Noncontrolling interests (291,447) (220,032)
Total stockholders' equity 65,522,733 61,764,461
Total liabilities and stockholders' equity $ 97,625,284 $ 82,960,624

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