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 $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net Income (Loss) $ (3,328,724) $ (1,976,465)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency transaction gain   960
Gain on settlement of liabilities (24,966) (595,290)
Share-based compensation 122,690 39,204
Write down of long lived assets 15,000 526,953
Write down of inventory 306,542  
Loss on sale of investment held for sale 178,896  
Depreciation and amortization 350,956 211,915
Changes in operating assets and liabilities:    
Accounts receivable (10,000) (2,925)
Inventory 90,721 109,808
Other current assets 119,222 (52,942)
Deferred growing costs   (1,257,539)
Accounts payable and accrued expenses 1,011,321 795,655
Deferred revenue   (89,197)
Other noncurrent assets 11,217 (11,849)
Net Cash Used in Operating Activities (1,157,125) (2,301,712)
Investing Activities    
Plantation development costs (944,670) (1,902,838)
Purchase of property and equipment (3,106) (256,455)
Disposal of property and equipment   (1,637)
Proceeds from sale of property and equipment 186,737   
Net Cash Used in Investing Activities (761,039) (2,160,930)
Financing Activities    
Proceeds from issuance of common stock   250,000
Proceeds from exercise of warrants 55,041   
Proceeds from issuance of preferred membership in GCE Mexico I, LLC 1,310,030 4,420,360
Payments on capital leases and notes payable (43,698) (36,723)
Net Cash Provided by Financing Activities 1,321,373 4,633,637
Effect of exchange rate changes on cash (104,237) 21,645
Net change in Cash and Cash Equivalents (701,028) 192,640
Cash and Cash Equivalents at Beginning of Period 941,579 676,780
Cash and Cash Equivalents at End of Period 240,551 869,420
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 9,513 30,764
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 1,846,446 1,487,084
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)