Green Endeavors, Inc.

CIK:0001487997|SEC Filings

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue
Services, net of discounts	$ 661,131	$ 659,357	$ 2,022,866	$ 1,931,140
Product, net of discounts	184,893	173,150	550,807	557,622
Total revenue	846,024	832,507	2,573,673	2,488,762
Costs and expenses
Cost of services	358,911	339,114	1,121,107	1,090,196
Cost of product	104,235	95,884	314,405	308,780
Depreciation	23,775	29,003	78,067	82,773
General and administrative	348,480	380,748	1,202,320	1,029,226
Total costs and expenses	835,401	844,749	2,715,899	2,510,975
Income (Loss) from operations	10,623	(12,242)	(142,226)	(22,213)
Other Income (Expense)
Interest income	171	1,561	3,386	1,562
Interest expense	(22,677)	(26,611)	(56,836)	(110,426)
Interest income (expense), related parties (net)	6,720	(46,806)	19,942	(116,039)
Gain (loss) on derivative fair value adjustment	(33,576)	(67,170)	10,131	605
Loss on stock subscription receivable	0	0	0	(39,839)
Other income	25	0	37	12,265
Total other income (expense)	(49,337)	(139,026)	(23,340)	(251,872)
Loss before income taxes	(38,714)	(151,268)	(165,566)	(274,085)
Income taxes	0		0	0
Net loss	$ (38,714)	$ (151,268)	$ (165,566)	$ (274,085)
Loss per common share basic and diluted	$ (0.01)	$ (0.17)	$ (0.03)	$ (0.34)
Weighted-average shares used to compute earnings per share basic and diluted	5,127,408	886,917	5,127,408	809,268

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities:
Net loss	$ (165,566)	$ (274,085)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	78,067	82,773
Amortization of debt issuance costs	28,147	81,370
Loss on stock subscription receivable	0	39,839
Gain on derivative liability fair value adjustment	(10,131)	(605)
Changes in operating assets and liabilities:
Accounts receivable	2,341	4,416
Inventory	13,987	(13,506)
Prepaid expenses	124,167	0
Other assets	(25,693)	0
Accounts payable and accrued expenses	75,814	(175,030)
Due to (from) related parties	73,353	247,376
Deferred rent	(6,683)	(8,527)
Deferred revenue	(14,728)	(16,137)
Net cash provided by (used in) operating activities	173,075	(32,116)
Cash Flows from Investing Activities:
Purchases of property and equipment	(2,144)	(90,530)
Payments on related party note receivable	(165,000)	(310,000)
Proceeds from related party note receivable	37,993	245,708
Net cash used in investing activities	(129,151)	(154,822)
Cash Flows from Financing Activities:
Payments made on notes payable	(398,877)	(339,896)
Payments made on convertible debt	0	(30,050)
Payments made on related party notes payable	0	(18,213)
Payments made on capital lease obligations	0	(10,038)
Proceeds from issuance of notes payable	256,060	526,495
Net cash provided by (used in) financing activities	(142,817)	128,298
Decrease in cash	(98,893)	(58,640)
Cash at beginning of period	347,284	150,459
Cash at end of period	248,391	91,819
Supplemental cash flow information:
Cash paid during the period for: Income Taxes	0	0
Cash paid during the period for: Interest	76,517	41,979
Non-cash investing and financing activities:
Non-cash debt discounts	26,180	0
Conversion of debt to common stock	0	2,384,931
Refinancing of debt	121,940	0
Return and cancellation of Preferred B shares	$ 21	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash	$ 248,391	$ 347,284
Accounts receivable, net	13,056	15,397
Inventory	138,803	152,790
Prepaid expenses	0	124,167
Notes receivable, related party	401,478	248,778
Total current assets	801,728	888,416
Property, and equipment, net of accumulated depreciation of $1,048,004 and $969,934, respectively	193,909	269,831
Other assets	21,405	21,405
Total Assets	1,017,042	1,179,652
Current Liabilities:
Accounts payable and accrued expenses	438,884	363,075
Deferred revenue	71,495	86,223
Deferred rent	67,953	74,636
Due to related parties	706,155	632,802
Derivative liability	98,166	108,297
Current portion of notes payable, net of discount of $18,641 and $20,291, respectively	331,224	434,695
Current portion of notes payable, related party	61,559	61,559
Convertible note payable	35,000	35,000
Total current liabilities	1,810,436	1,796,287
Long-Term Liabilities:
Notes payable, net of current portion	39,197	50,397
Total long-term liabilities	39,197	50,397
Total Liabilities	1,849,633	1,846,684
Commitments and contingent liabilities	0	0
Stockholders' Deficit:
Common stock, $0.0001 par value, 2,000,000,000 shares authorized; 5,127,408 shares issued and outstanding at September 30, 2017, and December 31, 2016.	511	511
Subscription receivable	(38,400)	(38,400)
Additional paid-in capital	3,745,245	3,745,224
Accumulated deficit	(4,550,882)	(4,385,323)
Total stockholders' deficit	(832,591)	(667,032)
Total Liabilities and Stockholders' Deficit	1,017,042	1,179,652
Convertible Supervoting Preferred Stock
Stockholders' Deficit:
Preferred stock	10,000	10,000
Convertible Series B Preferred Stock
Stockholders' Deficit:
Preferred stock	935	956
Undesignated Preferred Stock
Stockholders' Deficit:
Preferred stock	$ 0	$ 0