N-VIRO INTERNATIONAL CORP

CIK:0000904896|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Condensed Consolidated Statements of Operations
REVENUES	$ 51,117	$ 280,110	$ 300,125	$ 954,749
COST OF REVENUES	78,041	308,925	470,318	953,310
GROSS LOSS	(26,924)	(28,815)	(170,193)	1,439
Operating Expenses
Selling, General and Administrative	1,133,656	427,153	1,832,625	1,417,856
Gain (Loss) on Disposition of Assets	2,193	0	25,244	0
Total Operating Expenses	1,131,463	427,153	1,807,381	1,417,856
OPERATING LOSS	(1,158,387)	(455,968)	(1,977,574)	(1,416,417)
Other Income (Expense)
Interest income	1,513	0	3,252	86
Interest expense	208,076	32,290	654,518	101,156
Gain (Loss) on Extinguishment of Debt	28,187	0	136,058	0
Total other income (expense)	(178,376)	(32,290)	(515,208)	(101,070)
LOSS BEFORE INCOME TAXES	(1,336,763)	(488,258)	(2,492,782)	(1,517,487)
Federal and state income taxes	0	0	0	0
NET LOSS	$ (1,336,763)	$ (488,258)	$ (2,492,782)	$ (1,517,487)
Earnings Per Share
Basic and diluted loss per share	$ (0.14)	$ (0.06)	$ (0.27)	$ (0.18)
Weighted Average Common Shares Outstanding, Basic and Diluted	9,682,522	8,826,295	9,230,766	8,559,964

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Condensed Consolidated Statements of Cash Flows
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	$ (518,644)	$ (558,139)
Cash Flows From Investing Activities
Purchases of property and equipment	1,304	33,806
Proceeds from sale of Property and Equipment	45,984	45,608
Increases in (decreases to) restricted cash	0	(65,529)
Loan made to related party	(120,000)	0
Net Cash Provided by (Used in) Investing Activities	(75,320)	77,331
Cash Flows From Financing Activities
Proceeds from Convertible Debt	836,550	0
Principal payments on long-term obligations	(45,906)	(120,116)
Repayments of Convertible Debt	(293,500)	0
Principal borrowings from (payments on) Notes Payable - related party	0	(44,480)
Private placements of common stock, net	99,945	533,365
Borrowngs under long-term debt	15,312	53,629
Proceeds from Stock Options exercised, net	0	1,983
Net cash provided by financing activities	612,401	424,381
Net Increase (Decrease) in Cash and Cash Equivalents	18,437	(56,427)
Cash and Cash Equivalents - Beginning	82,201	81,854
Cash and Cash Equivalents - Ending	$ 100,638	$ 25,427

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Assets, Current
Cash and Cash Equivalents	$ 100,638	$ 82,201
Accounts Receivable, Net, Current	38,761	80,823
Prepaid Expense, Current	36,553	72,739
Deferred Costs, Current	132,733	54,167
Assets, Current	308,685	289,930
Assets, Noncurrent
Property and equipment, net	385,452	492,976
Deposits Assets, Noncurrent	14,687	20,027
Assets, Noncurrent	400,139	513,003
Total Assets	708,824	802,933
Liabilities, Current
Accounts Payable	924,677	721,238
Short-term convertible Note	173,875	34,193
Notes Payable, Current	0	39,012
Capital Lease Obligations, Current	199,443	133,436
Notes Payable, related parties, in default	399,959	295,780
Convertible Debt, Current	451,500	365,000
Pension plan withdrawal liability - current, in default	422,091	408,031
Accrued liabilities	474,497	319,625
Liabilities, Current	3,046,042	2,316,315
Liabilities, Noncurrent
Long-term convertible Note	4,914	0
Capital lease liability - long-term, less current maturities, in default	175,993	242,000
Liabilities, Noncurrent	180,907	242,000
Total Liabilities	3,226,949	2,558,315
Commitments and Contingencies	0	0
Stockholders' Deficit
Preferred stock, value	0	0
Common stock, value	98,700	89,117
Additional Paid in Capital	35,258,718	33,538,262
Accumulated Deficit	(37,864,452)	(35,371,670)
Treasury stock, at cost	11,091	11,091
Total Stockholders' Deficit	(2,518,125)	(1,755,382)
Total Liabilities and Stockholders'' Deficit	$ 708,824	$ 802,933