Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 2,935,011 $ 3,370,519
Accounts receivable 148,691 143,823
Restricted cash 15,380,541 12,943,222
Inventory 882,913 846,197
Investment in farming activities 1,782,711 404,258
Prepaid Expense and Other Assets 3,068,963 5,027,294
Total Current Assets 24,198,830 22,735,313
RESTRICTED CASH, net of current portion 28,570,060 22,668,984
DEBT ISSUANCE COSTS 1,508,211 840,211
RIGHT-OF-USE ASSET 61,717 51,611
INTANGIBLE ASSETS, NET 7,457,892 4,180,746
GOODWILL 1,355,077  
LONG TERM DEPOSITS 627,589 628,382
PROPERTY, PLANT AND EQUIPMENT, NET 221,623,642 138,972,675
ADVANCES TO CONTRACTORS 17,801,315 16,000,000
TOTAL ASSETS 303,204,333 206,077,922
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 38,661,091 22,597,951
Lease liabilities 62,763 52,653
Notes payable including current portion of long-term debt, net 3,151,554 4,198,113
Convertible notes payable 1,000,000 1,697,000
Total Current Liabilities 42,875,408 28,545,717
LONG-TERM LIABILITIES    
Mandatorily redeemable equity instruments of subsidiary 12,623,420 5,123,000
Long-term debt, net 17,972,125 16,155,138
Long-term debt, net (credit facility) 235,669,722 146,769,225
Asset retirement obligations, net of current portion 16,160,818 17,762,977
Environmental liabilities, net of current portion 19,785,876 20,455,938
TOTAL LIABILITIES 345,087,369 234,811,995
STOCKHOLDERS' DEFICIT    
Preferred stock - $0.01 par value; 50,000,000 shares authorized Series B, convertible; 0 and 13,000 shares issued and outstanding (aggregate liquidation preference of $1,300,000) 0 13
Common stock, $0.001 par value; 500,000,000 shares authorized; 40,061,714 and 35,850,089 shares issued and outstanding, respectively 400,616 358,499
Additional paid-in capital 46,248,263 37,139,854
Accumulated deficit (88,531,915) (66,232,439)
Total Stockholders' Deficit (41,883,036) (28,734,073)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 303,204,333 $ 206,077,922