GREEN ENVIROTECH HOLDINGS CORP.

CIK:0001428765|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
OPERATING EXPENSES
Wages and professional fees	$ 333,415	$ 487,840	$ 1,035,138	$ 1,462,355
General and administrative	28,193	16,361	59,504	69,019
Total operating expenses	361,608	504,201	1,094,642	1,531,374
Total net loss from operating expenses	(361,608)	(504,201)	(1,094,642)	(1,531,374)
OTHER INCOME (EXPENSE)
Interest expense	(125,725)	(122,170)	(502,988)	(322,588)
Gain in fair value of derivative	75,509	157,207	20,505	455,638
Total non-operating expenses	(50,216)	35,037	(482,483)	133,050
NET (LOSS)	(411,824)	(469,164)	(1,577,125)	(1,398,324)
Dividends applicable to preferred stock		(3,202)	(2,397)	(7,734)
Net loss applicable to commons stock holders	$ (411,824)	$ (472,366)	$ (1,579,522)	$ (1,406,058)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC AND DILUTED	510,138,315	45,493,665	502,729,849	43,913,056
NET (LOSS) PER COMMON SHARE-BASIC AND DILUTED:	$ (0.00)	$ (0.01)	$ (0.00)	$ (0.03)

Consolidated Statements of Cash Flow (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,577,125)	$ (1,398,324)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount and derivative discount	223,858	110,074
Initial loss on derivative		40,354
Change in fair value of derivatives	(20,505)	(455,638)
Penalty interest	41,479	4,000
Change in assets and liabilities
Decrease (Increase) in deposits and other current assets		(2,000)
Increase in accounts payable and accrued expenses	1,146,521	1,435,743
Net cash used in operating activities	(185,772)	(265,791)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowing on line of credit - related party	1,500	81,100
Principal payments on debt-related party		(67,000)
Borrowing from others - non-related party	244,886	140,000
Preferred shares issued for cash		125,000
Preferred shares redeemed for cash	(47,300)
Payments on - due to related party	(5,000)	(19,175)
Net cash provided by financing activities	194,086	259,925
NET INCREASE (DECREASE) IN CASH	8,314	(5,866)
CASH - BEGINNING OF PERIOD	1,180	6,054
CASH - END OF PERIOD	9,494	188
Cash paid during the period for:
Interest		60,000
Income Taxes
NON-CASH SUPPLEMENTAL INFORMATION:
Accounts payable settled by a third party	1,255
Accrued interest added to debt principal	6,000
Accrued interest converted to common stock	15,774
Accrued salary contributed to equity		1,684,711
Additions to construction in progress in accounts payable		177,626
Additions to construction in progress in accrued interest		37,931
Conversion of accounts payable for common stock		5,000
Debt principal converted to common stock	213,724	128,000
Debt principal converted to common stock-Related Party	77,000
Expenses paid by Related Party on behalf of the Company	16,843
Preferred stock converted into common stock	13,610	19,610
Preferred stock dividend converted to common stock	817
Deriviative liability from tainted warrants, preferred stock and notes	150,907	188,223
Settlement of deriviative liability as a result of debt settlement	$ 150,312	$ 96,004

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 9,494	$ 1,180
Prepaid expenses	2,000	2,000
Total current assets	11,494	3,180
TOTAL ASSETS	11,494	3,180
CURRENT LIABILITIES
Accounts payable	838,919	842,563
Due to related party	11,843
Accrued expenses	3,305,199	2,189,723
Other current liabilities	60,000	60,000
Secured debentures payable	305,000	305,000
Loan Payable-related party-convertible	1,360,392	1,434,637
Loan Payable-other-convertible	380,563	222,860
Loan Payable-other-non-convertible	713,000	713,000
Derivative liability	40,094	60,004
Series B 12% Convertible Cumulative Prefered Stock; $0.001 par value, $1.00 stated value, 300,000 shares authorized, 0 and 60,910 shares issued and outstanding as of September 30, 2019 and December 31, 2018 respectively		34,820
Total current liabilities	7,015,010	5,862,607
Loan payable-other-convertible, long term		38,203
TOTAL LIABILITIES	7,015,010	5,900,810
STOCKHOLDERS' DEFICIT
Preferred stock
Common stock, $0.001 par value, 750,000,000 shares authorized, 628,736,986 and 156,952,606 shares issued and outstanding	628,737	156,952
Additional paid in capital	23,649,829	23,650,375
Accumulated deficit	(31,282,082)	(29,704,957)
Total GreenEnvirotech Holdings Corp. Stockholders' deficit	(7,003,516)	(5,897,630)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	11,494	3,180
Convertible Series A Preferred Stock [Member]
STOCKHOLDERS' DEFICIT
Preferred stock