Annual report pursuant to Section 13 and 15(d)

History and Basis of Presentation (Tables)

v2.4.0.6
History and Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Condensed Balance Sheet

 

GCE MEXICO I, LLC AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31,

December 31,

2012

2011

 

 

 

CURRENT ASSETS

 $1,184,194

 $791,426

PROPERTY AND EQUIPMENT, NET

 14,209,193

 11,391,682

DEFERRED GROWING COST

 3,378,990

 2,780,871

OTHER NONCURRENT ASSETS

 7,872

 7,314

 

TOTAL ASSETS

 $18,780,249

 $14,971,293

 

CURRENT LIABILITIES

 $437,540

 $456,793

 

LONG-TERM LIABILITIES

 12,186,218

 9,360,013

 

TOTAL LIABILITIES

 $12,623,758

 $9,816,806

Schedule of Earnings Per Share, Basic and Diluted

             

For the Year ended December 31,

2012

2011

Net Income

 

 $63,287

 

 $271,136

Basic Weighted-Average Common Shares Outstanding

 292,244,373

 277,120,926

Effect of dilutive securities

Convertible preferred stock - Series B

11,818,181

 11,818,181

Warrants

9,306,783

 16,146,608

Options

5,593,018

 13,972,912

Diluted Weighted-Average Common Shares Outstanding

 318,962,355

 319,058,627

Basic Income Per Common Share

     Net Income

 0.0002

 0.0010

Diluted Income Per Common Share

     Net Income

 0.0002

 0.0008

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

             

December 31,

2012

2011

 

 

Convertible notes

 18,900,000

 19,028,671

Warrants

 1,708,184

 1,708,184

Compensation-based stock options and warrants

 54,860,000

 28,395,500

 

 75,468,184

 49,132,355