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, 2015
Sep. 30, 2014
Operating Activities    
Net Loss $ (8,404,460) $ (1,870,070)
Adjustments to reconcile net loss to net cash used in operating activities:    
Foreign currency transaction gain (1,791) (204)
Gain on settlement of liabilities (270,323)  
Share-based compensation 156,121 44,287
Write down of long lived assets 6,671,892 0
Loss on disposal of fixed assets 75,670 23,597
Depreciation and amortization 261,072 556,913
Amortization of debt discount 60,000  
Change in fair value of derivative (27,000)  
Changes in operating assets and liabilities:    
Accounts receivable 190,579 (91,327)
Inventory (1,228) 2,756
Other current assets (46,442) (39,112)
Accounts payable and accrued expenses 805,158 735,188
Other noncurrent assets (404) 81
Net Cash Used in Operating Activities (531,156) (637,891)
Investing Activities    
Plantation development costs (224,161) (330,795)
Proceeds from sale of property and equipment 283,704 (3,412)
Net Cash Provided by (Used in) Investing Activities 59,543 (334,207)
Financing Activities    
Proceeds from issuance of preferred membership in GCE Mexico I, LLC 429,743 952,435
Proceeds from notes payable   130,000
Payments on capital leases and notes payable   (1,175)
Net Cash Provided by Financing Activities 429,743 1,081,260
Effect of exchange rate changes on cash (37,722) (12,241)
Net change in Cash and Cash Equivalents (79,592) 96,921
Cash and Cash Equivalents at Beginning of Period 238,485 216,531
Cash and Cash Equivalents at End of Period 158,893 313,452
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 18,550  
Cash paid for income tax 5,388 1,029
Noncash Investing and Financing activities:    
Accrual of return on noncontrolling interest 2,039,224 1,977,862
Write Down of debt and release of Fixed Assets   $ 190,500
Estimated fair value of derivative liability $ 79,000