Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 3,530,213 $ 4,104,315
Accounts receivable, net 8,662,045 5,376,966
Accounts receivable from related party, net 25,177,845
Due from third parties 2,862,681 3,860,377
Deferred rents receivable 2,047,914 2,096,384
Notes receivable, current portion 821,524 51,462
Inventory 4,783,596 90,460
Other current assets 170,189 128,552
Total current assets 48,056,007 15,708,516
Property and equipment, net 37,603,881 34,099,864
Intangibles 3,423,751 185,000
Investments 35,662,106 1,672,163
Notes receivable, less current portion 2,470,867 1,092,376
Debentures receivable 30,000,000
Right-of-use assets under operating leases 6,042,970
Right-of-use assets under finance leases 70,989
Due from related parties 119,781
Other assets 345,905 82,924
Total assets 133,676,476 82,960,624
Current liabilities:    
Accounts payable 2,169,363 3,915,430
Accrued expenses 3,920,742 1,588,368
Deferred rents payable 105,901
Notes payable 20,844,176 3,877,701
Mortgages payable, current portion 238,386 188,231
Operating lease liabilities, current portion 647,379
Finance lease liabilities, current portion 23,112
Due to related parties 77,157 276,311
Unearned revenue from related party 3,162,967
Total current liabilities 31,083,282 9,951,942
Mortgages payable, less current portion 7,219,413 7,348,581
Debentures payable 6,736,429 3,557,440
Operating lease liabilities, less current portion 5,662,845
Finance lease liabilities, less current portion 48,874
Other liabilities 100,200 338,200
Total liabilities 50,851,043 21,196,163
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 50,000,000 shares authorized at June 30, 2019 and December 31, 2018; no shares issued or outstanding at June 30, 2019 and December 31, 2018
Common stock, $0.001 par value; 500,000,000 shares authorized at June 30, 2019 and December 31, 2018; 215,591,103 and 211,013,043 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 215,591 211,013
Common stock subscribed but not issued; 752,260 and 97,136 shares at June 30, 2019 and December 31, 2018, respectively 2,080,000 169,123
Additional paid-in capital 100,621,830 87,180,165
Accumulated deficit (20,921,933) (25,575,808)
Noncontrolling interests 829,945 (220,032)
Total stockholders' equity 82,825,433 61,764,461
Total liabilities and stockholders' equity $ 133,676,476 $ 82,960,624