Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (Unaudited) (Details 4)

v3.20.2
QUARTERLY FINANCIAL DATA (Unaudited) (Details 4) - USD ($)
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities                                                  
Net Loss $ 22,402 $ 146,690 $ (6,050,656) $ (269,529) $ (277,116) $ 156,398 $ (213,153) $ (255,607) $ (305,144) $ (43,729) $ 250,498 $ (418,750) $ (5,903,966) $ (120,718) $ (560,751) $ (168,252) $ (5,881,564) $ (390,247) $ (773,904) $ (211,981) $ (11,791,819) $ (7,990,043) $ (1,187,972) $ (501,461) $ (9,018,352)
Adjustments to reconcile net loss to net cash used in operating activities:                                                  
Foreign currency transaction gain                               (105,976)
Gain on settlement of liabilities (255,752) (255,752) (255,752) (2,430,300) (537,612) (376,157)
Share-based compensation 71,742 460,395 43,008 59,041 10,248 35,560 4,606 26,705 503,403 69,289 35,560 31,311 575,145 69,289 35,560 31,311 577,645 69,289 35,560 31,311 133,172
Write down of long lived assets                                   438,320
Loss on disposal of fixed assets                                              
Depreciation and amortization 61,306 61,307 61,306 61,307 61,306 61,307 61,307 61,306 61,307 62,947 62,933 62,096 122,613 122,613 122,613 125,029 183,919 183,920 183,920 187,976 246,932 245,227 245,691 250,924 312,085
Amortization of debt discount                                    
Change in fair value of derivative (406,000) (1,318,000) 3,397,000 344,369 (106,000) 2,619,000     (106,000) 2,213,000 (106,000) (6,500)
Changes in operating assets and liabilities:                                                  
Accounts receivable 25,081 (25,081) 112,254 (24,665) (52,764) 87,173 (52,764) 112,254 (77,429) 19,083 93,172 (102,094) 1,012,977
Inventory (745) 1,490 623 2,113 2,858 3,602 1,239
Other current assets                   (2,627) 41,306 (4,460)       36,846       36,846 (15,665)
Accounts payable and accrued expenses (159,665) 23,444 858,863 23,990 (46,189) (26,427) 64,667 42,429 32,130 (94,086) (179,963) 150,185 882,307 (72,616) 74,559 (29,778) 722,642 (48,626) 139,226 (123,864) 1,151,234 176,585 75,227 45,937 341,741
Accrued compensation and related liabilities (21) (2,549) 26,944 26,944 26,944 54,087 104,566 (21) (2,549) 53,889 104,566 (21) (2,549) 80,833 158,653 586,046 463,090 407,777 473,851
Interest payable 90,528 90,529 90,528 80,632 80,631 80,631 41,171 151,743 78,029 52,301 178,144 181,057 161,262 229,771 178,144 271,585 241,894 270,943 230,445 362,114 322,525 312,114 282,745
Other Operating Activities           431
Other noncurrent assets                                 34,219 (5,254) 5,760
Net Cash Used in Operating Activities, continued operations (319,687) (535,635) (1,059,972) (103,600) (124,876) 282,157 6,018 1,734 41,080 4,974 49,063 (183,601) (1,595,607) 157,281 42,814 (134,538) (1,915,294) 53,681 48,832 (129,564) (2,447,717) (777,244) (18,431) (233,181) 280,088
Investing Activities                                                  
Plantation developments costs                                          
Proceeds from sale of property and equipment   (1,255,382)                                      
Pre-acquisition costs and deposit on refinery acquisition (1,606,099)             (1,255,382)   (2,861,481)       (5,836,441)
Cash received from derivative forward contract                                
Net Cash Used in Investing Activities, continued operations (1,606,099) (1,255,382)   (1,255,382) (2,861,481) (5,836,441)
Financing Activities                                                  
Proceeds received from derivative forward contract                                   4,000,000 6,000,000
Proceeds received from exercise of stock options 17,500       17,500   15,000
Debt issuance costs (150,000) (100,000)           (100,000) (250,000)       (500,000)
Net Cash Provided by Financing Activities, continued operations 132,500 (100,000)     (100,000) (232,500) 3,515,000 6,000,000
Cash Flows of discontinued operations:                                                  
Operating cash flows                     64,257 153,758       218,015       218,015 220,641 (1,910,841)
Investing cash flows                                 6,416,913
Financing cash flows (including cash at year end)                               (4,907,060)
Net Cash flows from discontinued operations                   64,257 153,758       218,015       218,015 220,641 (400,988)
Effect of exchange rate changes on cash                   (103,371) (2,605)       (105,976)       (105,976) (35,940)
Net change in Cash and Cash Equivalents (2,058,286) (1,891,017) (1,059,972) (103,599) (124,876) 282,157 6,018 1,734 41,080 4,974 9,949 (32,448) (2,950,989) 157,281 42,814 (22,499) (5,009,275) 53,681 48,832 (17,525) (4,769,158) 5,222,756 (18,431) (12,540) (156,840)
Cash and Cash Equivalents at Beginning of Period 2,275,500 4,166,517 5,226,489 161,014 285,890 3,733 64,978 63,244 22,164 12,205 2,256 34,704 5,226,489 3,733 22,164 34,704 5,226,489 3,733 22,164 34,704 5,226,489 3,733 22,164 34,704 191,544
Cash and Cash Equivalents at End of Period $ 217,214 $ 2,275,500 $ 4,166,517 $ 57,415 $ 161,014 $ 285,890 $ 70,996 $ 64,978 $ 63,244 $ 17,179 $ 12,205 $ 2,256 $ 2,275,500 $ 161,014 $ 64,978 $ 12,205 $ 217,214 $ 57,415 $ 70,996 $ 17,179 $ 457,331 $ 5,226,489 $ 3,733 $ 22,164 $ 34,704