Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.3.0.814
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash $ 1,805,927 $ 245,828
Accounts and other receivables 194,589 313,509
Inventories 593,778 532,803
Due from related parties 45,615 46,015
Prepaid expenses and other current assets 421,508 330,745
TOTAL CURRENT ASSETS 3,061,417 1,468,900
Property and equipment, net 17,855,282 13,315,409
Goodwill 12,269,504 15,617,308
Intangible assets, net 7,542,395 3,396,503
Investments at fair value 35,362 35,362
Other investments 1,550,000 1,550,000
Deposits and other assets 297,037 408,492
TOTAL ASSETS 42,610,997 35,791,974
Current liabilities:    
Accounts payable and accrued expenses 4,420,370 5,580,131
Current maturities of long-term debt and notes payable 1,134,025 1,813,647
Current maturities of convertible notes payable, net of debt discount of $359,243 and $63,730, respectively 215,757 436,270
Current maturities of capital leases payable 47,370 42,032
Due to related parties 212,399 1,299,083
Deferred rent 686,622 118,986
Derivative liabilities 1,318,661 1,945,200
Liabilities of discontinued operations 177,204 177,393
TOTAL CURRENT LIABILITIES 8,212,408 11,412,742
Long-term debt, less current maturities, net of debt discount of $214,833 and $343,733, respectively 5,419,925 5,009,283
Convertible notes payable, net of debt discount of $955,177 and $1,872,587, respectively 2,294,823 1,477,413
Capital leases payable, less current maturities 25,144 36,628
Deferred rent 1,784,840 2,196,523
Deferred tax liabilities 655,050 686,884
TOTAL LIABILITIES $ 18,392,190 $ 20,819,473
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 21,328,830 and 7,249,442 shares, respectively $ 2,133 $ 725
Additional paid in capital 55,208,098 32,601,400
Accumulated other comprehensive loss (911,900) (1,657,908)
Non-controlling interest (527,590) 4,904,471
Accumulated deficit (30,607,114) (20,876,187)
TOTAL STOCKHOLDERS' EQUITY 24,218,807 14,972,501
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 42,610,997 $ 35,791,974