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, 2015
Jun. 30, 2014
Operating Activities    
Net Loss $ (1,025,554) $ (1,493,115)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency transaction gain (1,770) (85)
Gain on settlement of liabilities (270,323) 0
Share-based compensation 114,117 44,287
Depreciation and amortization 238,398 256,062
Amortization of debt discount 39,500  
Change in fair value of derivative (18,000) 0
Changes in operating assets and liabilities:    
Accounts receivable 192,486 25,655
Inventory (1,332) 3,713
Other current assets (33,892) (20,514)
Accounts payable and accrued expenses 586,823 658,343
Other noncurrent assets (306) 260
Net Cash Used in Operating Activities (179,853) (525,394)
Investing Activities    
Plantation development costs (187,790) (212,956)
Net Cash Used in Investing Activities (187,790) (212,956)
Financing Activities    
Proceeds from issuance of preferred membership in GCE Mexico I, LLC 369,790 796,435
Proceeds from notes payable   130,000
Payments on capital leases and notes payable   (12,264)
Net Cash Provided by Financing Activities 369,790 914,171
Effect of exchange rate changes on cash (313) 7,814
Net change in Cash and Cash Equivalents 1,834 183,635
Cash and Cash Equivalents at Beginning of Period 238,485 216,531
Cash and Cash Equivalents at End of Period 240,319 400,166
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 1,349,213 $ 643,672
Estimated fair value of derivative liability $ 79,000