Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,027,044 $ 1,290,231
Accounts receivable, net 4,019,737 1,453,484
Deferred rents receivable 1,707,697 610,789
Due from third parties 3,122,654 1,196,918
Due from related parties 134,781 134,781
Note receivable, current portion 49,886 45,444
Other current assets 457,703 357,019
Total current assets 15,519,502 5,088,666
Property and equipment, net 32,768,839 25,954,931
Notes receivable, less current portion 7,595,302 578,831
Other assets 1,249,856 579,587
Total assets 57,133,499 32,202,015
Current liabilities:    
Accounts payable 2,632,822 2,831,658
Accrued expenses 1,460,120 1,405,336
Due to related parties 204,996 400,996
Mortgages payable, current portion 121,199 118,556
Common stock subscriptions 3,860,000
Notes payable 4,615,804 10,665,899
Total current liabilities 12,894,941 15,422,445
Mortgages payable, less current portion 7,443,162 5,532,397
Other liabilities 293,768 240,013
Total liabilities 20,631,871 21,194,855
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 50,000,000 shares authorized at September 30, 2018 and December 31, 2017; no shares issued or outstanding at September 30, 2018 or December 31, 2017
Series A preferred stock subscribed but not issued; zero and 500,000 shares at September 30, 2018 and December 31, 2017, respectively 500
Common stock, $0.001 par value; 500,000,000 shares authorized at September 30, 2018 and December 31, 2017; 203,466,907 and 176,940,331 shares issued at September 30, 2018 and December 31, 2017, respectively; 203,121,380 and 176,850,331 shares outstanding at September 30, 2018 and December 31, 2017, respectively 203,467 176,940
Common stock subscribed but not issued; Zero and 1,000,000 shares at September 30, 2018 and December 31, 2017 370,000
Subscriptions receivable (25,000)
Common stock warrants 16,413,608 2,176,379
Treasury stock, at cost; 345,528 and 90,000 shares at September 30, 2018 and December 31, 2017, respectively (643,000) (25,000)
Additional paid-in capital 51,052,902 20,149,591
Accumulated deficit (30,417,269) (11,971,740)
Noncontrolling interests (108,080) 175,490
Total stockholders' equity 36,501,628 11,007,160
Total liabilities and stockholders' equity $ 57,133,499 $ 32,202,015

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