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 $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net loss $ (698,218) $ (1,241,404)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency transaction gain (85)   
Gain on settlement of liabilities      
Share-based compensation 44,287 107,115
Write down of deferred growing cost   6,556
Write down of long lived assets   15,000
Write down of inventory      
Loss on sale of investment held for sale      
Depreciation and amortization 128,726 67,496
Changes in operating assets and liabilities:    
Accounts receivable 4,751 (25,400)
Inventory (1,357) (112)
Other current assets (25,824) (28,323)
Deferred growing costs      
Accounts payable and accrued expenses 216,153 379,219
Deferred revenue      
Other noncurrent assets 42,204 (5,535)
Net Cash Used in Operating Activities (289,363) (725,387)
Investing Activities    
Plantation development costs (207,131) (552,979)
Purchase of property and equipment   (2,608)
Disposal of property and equipment      
Proceeds from sale of property and equipment   13,737
Net Cash Used in Investing Activities (207,131) (541,850)
Financing Activities    
Proceeds from issuance of common stock      
Proceeds from exercise of options and warrants      
Proceeds from issuance of preferred membership in GCE Mexico I, LLC 432,137 819,384
Proceeds from notes payable 130,000  
Payments on capital leases and notes payable (12,264) (14,013)
Net Cash Provided by Financing Activities 549,873 805,371
Effect of exchange rate changes on cash (4,597) 34,745
Net change in Cash and Cash Equivalents 48,782 (427,121)
Cash and Cash Equivalents at Beginning of Period 216,531 941,579
Cash and Cash Equivalents at End of Period 265,313 514,458
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest   1,282
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 643,672 604,670
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)