Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows From Operating Activities    
Net loss $ (2,341,305) $ (824,938)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency transaction gain (515) 1,044
Gain on settlement of liabilities   (514,473)
Share-based compensation 204,557 53,850
Write down of deferred growing cost 6,656  
Write down of long lived assets 15,000  
Loss on Sale of Investment held for sale 178,896  
Depreciation and amortization 227,081 134,393
Changes in operating assets and liabilities:    
Accounts receivable (3,000) (68,712)
Inventory 5,503 (30,737)
Other current assets 48,096 (76,473)
Deferred growing costs   (810,819)
Accounts payable and accrued expenses 571,765 432,536
Deferred revenue   (152,732)
Other noncurrent assets 6,627 (3,324)
Net Cash Used in Operating Activities (1,080,639) (1,860,384)
Cash Flows From Investing Activities    
Plantation development costs (789,435) (1,042,200)
Purchase of property and equipment (3,118) (217,824)
Proceeds from sale of property and equipment 187,212  
Net Cash Used in Investing Activities (605,341) (1,260,024)
Cash Flows From Financing Activities    
Proceeds from issuance of common stock   250,000
Proceeds from issuance of preferred membership in GCE Mexico I, LLC 1,310,030 3,258,090
Payments on capital leases and notes payable (31,937) (23,229)
Net Cash Provided by Financing Activities 1,278,093 3,484,861
Effect of exchange rate changes on cash 122,392 (80,630)
Net change in Cash and Cash Equivalents (285,495) 283,823
Cash and Cash Equivalents at Beginning of Period 941,579 676,780
Cash and Cash Equivalents at End of Period 656,084 960,603
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 1,282 30,764
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 1,220,324 947,501
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)