Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.4.0.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash $ 1,178,000 $ 1,527,886
Accounts and other receivables 956,741 882,263
Inventories 646,759 726,624
Due from related parties 45,615 45,615
Prepaid expenses and other current assets 480,173 636,188
TOTAL CURRENT ASSETS 3,307,288 3,818,576
Property and equipment, net 16,409,702 16,641,232
Goodwill 12,701,022 12,702,139
Intangible assets, net 7,204,514 7,282,074
Investments at fair value 29,203 31,322
Other investments 1,050,000 1,050,000
Deposits and other assets 685,937 679,863
TOTAL ASSETS 41,387,666 42,205,206
Current liabilities:    
Accounts payable and accrued expenses 6,447,069 5,505,265
Current maturities of long-term debt and notes payable, net of discount of $128,899 and $171,868, respectively (3,130,466) (2,810,276)
Current maturities of convertible notes payable, net of debt discount of $594,394 and $914,724, respectively 3,130,466 2,810,276
Current maturities of capital leases payable 33,620 39,303
Due to related parties 597,862 403,742
Deferred rent 739,405 683,793
Derivative liabilities 615,946 1,231,608
Liabilities of discontinued operations 124,043 124,043
TOTAL CURRENT LIABILITIES $ 17,776,675 $ 16,181,032
Long-term debt, less current maturities, net of debt discount of $ 0 - and $171,868, respectively
Capital leases payable, less current maturities $ 13,059 $ 15,969
Deferred rent 1,523,556 1,798,660
Deferred tax liabilities 1,386,004 1,353,771
TOTAL LIABILITIES $ 21,018,214 $ 20,448,073
Stockholders' equity:    
Preferred stock: no par value; authorized 5,000,000 shares; none issued and outstanding
Common stock: $0.0001 par value; authorized 45,000,000 shares; issued and outstanding 21,337,247 shares $ 2,134 $ 2,134
Additional paid in capital 55,365,597 55,365,597
Accumulated other comprehensive loss (791,412) (987,695)
Non-controlling interest 231,210 389,810
Accumulated deficit (34,438,077) (33,012,713)
TOTAL STOCKHOLDERS' EQUITY 20,369,452 21,757,133
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 41,387,666 $ 42,205,206