Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 5,077,126 $ 1,290,231
Accounts receivable, net 3,120,070 1,453,484
Deferred rents receivable 1,107,697 610,789
Due from third parties 2,374,652 1,196,918
Due from related parties 134,781 134,781
Note receivable, current portion 48,359 45,444
Other current assets 401,888 357,019
Total current assets 12,264,573 5,088,666
Property and equipment, net 31,364,803 25,954,931
Note receivable, long-term portion 653,792 578,831
Other assets 1,157,448 579,587
Total assets 45,440,616 32,202,015
Current liabilities:    
Accounts payable 2,833,687 2,831,658
Accrued expenses 1,602,834 1,405,336
Due to related parties 204,996 400,996
Mortgages payable, current portion 121,199 118,556
Common stock subscriptions 2,584,433
Notes payable 8,740,212 10,665,899
Total current liabilities 16,087,361 15,422,445
Mortgages payable, long-term portion 7,471,662 5,532,397
Other liabilities 240,013 240,013
Total liabilities 23,799,036 21,194,855
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 50,000,000 shares authorized at June 30, 2018 and December 31, 2017; no shares issued or outstanding at June 30, 2018 or December 31, 2017
Series A preferred stock subscribed but not issued; zero and 500,000 shares at June 30, 2018 and December 31, 2017, respectively 500
Common stock, $0.001 par value; 500,000,000 shares authorized at June 30, 2018 and December 31, 2017; 193,709,580 and 176,940,331 shares issued at June 30, 2018 and December 31, 2017, respectively; 193,462,052 and 176,850,331 shares outstanding at June 30, 2018 and December 31, 2017, respectively 193,710 176,940
Common stock subscribed but not issued; zero and 1,000,000 shares at June 30, 2018 and December 31, 2017 370,000
Subscriptions receivable (25,000) (25,000)
Common stock warrants 8,546,405 2,176,379
Treasury stock, at cost; 247,528 and 90,000 shares at June 30, 2018 and December 31, 2017, respectively (545,000) (45,000)
Additional paid-in capital 33,703,929 20,149,591
Accumulated deficit (20,214,651) (11,971,740)
Noncontrolling interests (17,813) 175,490
Total stockholders' equity 21,641,580 11,007,160
Total liabilities and stockholders' equity $ 45,440,616 $ 32,202,015

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