Quarterly report pursuant to Section 13 or 15(d)

Note 1 - History and Basis of Presentation (Tables)

v3.2.0.727
Note 1 - History and Basis of Presentation (Tables)
6 Months Ended
Jun. 30, 2015
Tables/Schedules  
GCE Mexico LLC And Subsidiaries: Condensed Consolidated Balance Sheets

 

GCE MEXICO, LLC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

 

 

June 30,

December 31,

 

2015

2014

 

(Unaudited)

 

ASSETS

 

 

 

CURRENT ASSETS (1)

105,952

86,979

PROPERTY AND EQUIPMENT, NET

12,760,326

13,377,936

OTHER NONCURRENT ASSETS

2,940

3,118

 

 

 

TOTAL ASSETS

$12,869,218

$13,468,033

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

CURRENT LIABILITIES

276,202

281,369

LONG-TERM LIABILITIES

21,017,738

19,124,134

 

 

 

TOTAL LIABILITIES

$21,293,940

$19,405,503

 

(1)          Includes cash of $105,952 and $86,979 at June 30, 2015 and December 31, 2014, respectively, which is included in the Company’s consolidated financial

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following instruments are currently antidilutive and have been excluded from the calculations of diluted income or loss per share at June 30, 2015 and 2014, as follows:

 

 

June 30,

 

2015

2014

 

 

 

Convertible notes and accrued interest

24,400,000

23,200,000

Convertible preferred stock - Series B

11,818,181

11,818,181

Warrants

3,083,332

3,083,332

Compensation-based stock options and warrants

90,620,732

72,645,311

 

129,922,245

110,746,824