Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Operating Activities    
Net Loss $ (2,395,284)us-gaap_ProfitLoss $ (7,598,407)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency transaction gain   1,612us-gaap_ForeignCurrencyTransactionGainLossBeforeTax
Gain on settlement of liabilities (62,035)fil_GcehGainOnSettlementOfLiabilities (50,138)fil_GcehGainOnSettlementOfLiabilities
Share-based compensation 57,127us-gaap_ShareBasedCompensation 202,491us-gaap_ShareBasedCompensation
Write down of deferred growing cost   3,440,904fil_WriteDownOfDeferredGrowingCost
Write down of long lived assets 110,665us-gaap_AssetImpairmentCharges 33,715us-gaap_AssetImpairmentCharges
Gain on disposal of fixed assets (23,957)us-gaap_GainLossOnDispositionOfAssets1  
Loss on sale of investment held for sale   178,896us-gaap_LossOnSaleOfInvestments
Depreciation and amortization 684,289us-gaap_DepreciationAndAmortization 475,919us-gaap_DepreciationAndAmortization
Accounts receivable (177,791)us-gaap_IncreaseDecreaseInAccountsReceivable (35,970)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory 77,877us-gaap_IncreaseDecreaseInInventories 87,792us-gaap_IncreaseDecreaseInInventories
Other current assets 46,652us-gaap_IncreaseDecreaseInOtherCurrentAssets 123,041us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable and accrued expenses 965,903us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,522,101us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other noncurrent assets 7,968us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (1,302)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Net Cash Used in Operating Activities (660,672)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,619,346)us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities    
Plantation development costs (432,759)fil_GcehPlantationDevelopmentCosts (881,221)fil_GcehPlantationDevelopmentCosts
Purchase of property and equipment (3,363)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (3,112)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment   171,254us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net Cash Used in Investing Activities (436,122)us-gaap_NetCashProvidedByUsedInInvestingActivities (713,079)us-gaap_NetCashProvidedByUsedInInvestingActivities
Financing Activities    
Proceeds from issuance of preferred membership in GCE Mexico I, LLC 1,030,435us-gaap_ProceedsFromContributedCapital 1,598,688us-gaap_ProceedsFromContributedCapital
Proceeds from convertible notes payable 130,000us-gaap_ProceedsFromConvertibleDebt  
Payments on capital leases and notes payable (39,715)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (47,776)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Proceeds from exercise of options and warrants   55,041us-gaap_ProceedsFromWarrantExercises
Net Cash Provided by Financing Activities 1,120,720us-gaap_NetCashProvidedByUsedInFinancingActivities 1,605,953us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (1,972)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 1,424us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in Cash and Cash Equivalents 21,954us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (725,048)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents at Beginning of Period 216,531us-gaap_CashAndCashEquivalentsAtCarryingValue 941,579us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents at End of Period 238,485us-gaap_CashAndCashEquivalentsAtCarryingValue 216,531us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 175,682us-gaap_InterestPaid 9,603us-gaap_InterestPaid
Cash (received) / paid for income tax 1,029us-gaap_IncomeTaxesPaid (764)us-gaap_IncomeTaxesPaid
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 2,658,350fil_GcehAccrualOfReturnOnNoncontrollingInterest 2,479,148fil_GcehAccrualOfReturnOnNoncontrollingInterest
Settlement of accrued interest with the transfer of Fixed Assets 190,500fil_SettlementOfAccruedInterestWithTheTransferOfFixedAssets  
Acquisitions:    
Intangible assets and equipment acquired   4,359,341us-gaap_NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
Inventory acquired   123,599us-gaap_NoncashOrPartNoncashAcquisitionInventoryAcquired1
Other current assets assumed   260us-gaap_NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
Other current liabilities assumed   (2,383,100)us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
Net assets acquired   2,100,100us-gaap_NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
Notes payable issued   (1,300,000)us-gaap_NotesIssued1
Common stock issued   $ (800,000)us-gaap_StockIssued1