Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,854,775 $ 738,688
Accounts receivable, net 2,512,053 1,669,139
Deferred rents receivable 2,001,078 1,796,825
Due from third parties, net 99,320
Notes receivable, current portion 315,046 311,149
Inventory 2,715,597 1,219,429
Investments 762,142 1,449,144
Other current assets 173,054 192,368
Total current assets 10,433,065 7,376,742
Property and equipment, net 43,678,493 42,792,369
Intangibles, net 2,293,088 2,364,042
Investments 1,324,661 1,324,661
Notes receivable, less current portion 1,643,042 1,639,496
Right-of-use assets under operating leases 5,659,098 5,787,423
Right-of-use assets under finance leases 102,932 111,103
Other assets 207,905 175,905
Total assets 65,342,284 61,571,741
Current liabilities:    
Accounts payable 4,740,250 4,719,069
Accrued expenses 4,570,303 5,395,996
Notes payable, current portion 20,390,000 23,112,742
Mortgages payable, current portion 483,890 223,888
Debentures payable, current portion 578,250
Operating lease liabilities, current portion 1,001,784 917,444
Finance lease liabilities, current portion 38,412 38,412
Due to related parties 1,214,166 1,454,713
Other current liabilities 1,642,302 858,176
Total current liabilities 34,659,357 36,720,440
Notes payable, less current portion 6,417,500
Mortgages payable, less current portion 7,028,359 7,112,842
Debentures payable, less current portion 5,378,519 5,835,212
Operating lease liabilities, less current portion 5,266,271 5,399,414
Finance lease liabilities, less current portion 67,898 75,413
Other liabilities 100,200 100,200
Total liabilities 58,918,104 55,243,521
Stockholders' equity (deficit):    
Preferred stock, value
Common stock, $0.001 par value; 500,000,000 shares authorized at March 31, 2020 and December 31, 2019; 235,320,824 and 228,408,024 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 235,321 228,408
Common stock subscribed but not issued; 30,307 and 3,236,857 shares at March 31, 2020 and December 31, 2019, respectively 5,365 1,168,074
Additional paid-in capital 101,211,107 112,245,730
Accumulated deficit (109,181,971) (106,760,527)
Noncontrolling interests (570,642) (553,465)
Total stockholders' equity (deficit) (8,300,820) 6,328,220
Total liabilities, mezzanine equity, and stockholders' equity (deficit) 65,342,284 61,571,741
Series B Convertible Preferred Stock [Member]    
Mezzanine equity:    
Total Mezzanine Equity 14,725,000
Series A Convertible Preferred Stock [Member]    
Stockholders' equity (deficit):    
Preferred stock, value