Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows From Operating Activities    
Net loss $ (1,241,404) $ 158,914
Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on settlement of liabilities   (514,473)
Share-based compensation 107,115 17,004
Write down of deferred growing cost 6,556  
Write down of long lived assets 15,000  
Depreciation and amortization 67,496 68,743
Changes in operating assets and liabilities:    
Accounts receivable (25,400)  
Inventory (112) (23,010)
Other current assets (28,323) (37,655)
Deferred growing costs   (382,771)
Accounts payable and accrued expenses 379,220 202,837
Deferred revenue   (152,732)
Other noncurrent assets (5,535)  
Net Cash Used in Operating Activities (725,387) (663,143)
Cash Flows From Investing Activities    
Plantation development costs (552,979) (474,084)
Purchase of property and equipment (2,608) (85,583)
Proceeds from sale of property and equipment 13,737  
Net Cash Used in Investing Activities (541,850) (559,667)
Cash Flows From Financing Activities    
Proceeds from issuance of preferred membership in GCE Mexico I, LLC 819,384 1,531,290
Payments on capital leases and notes payable (14,013) (12,206)
Net Cash Provided by Financing Activities 805,371 1,519,084
Effect of exchange rate changes on cash 34,745 45,235
Net change in Cash and Cash Equivalents (427,121) 341,509
Cash and Cash Equivalents at Beginning of Period 941,579 676,780
Cash and Cash Equivalents at End of Period 514,458 1,018,289
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 1,282 2,220
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 604,670 453,999
Acquisitions:    
Intangible assets and equipment Acquired 4,077,765  
Inventory acquired 430,141  
Other current assets assumed 260  
Other current liabilities assumed (2,408,066)  
Net assets acquired 2,100,100  
Notes payable issued $ (1,300,000)  
Common stock issued (800,000)