Balance Sheet

v3.10.0.1
Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash $ 413,738 $ 4,645
Cash, held in escrow 2,657,996 6,753,373
Accounts Receivable 105,333
Inventory 839,807
Prepaid Expenses 24,512 20,650
Total Current Assets 4,041,386 6,778,668
Fixed Assets    
Furniture, fixtures and equipment 311,827
Building and leasehold improvements 1,940,217
Accumulated Depreciation (70,826)
Total Net Fixed Assets 2,181,218
Other Assets    
Licenses (Note 5) 812,300 503,000
Deposits 306,380 7,300
Patents Application Costs (Note 8) 1,582,368
Construction in progress (Note 6) 594,703 241,627
Total Other Assets 3,295,751 751,927
Total Assets 9,518,355 7,530,595
Current Liabilities    
Accounts Payable 506,050 222,515
Accrued Expenses 36,961
Advances Payable 1,100 1,000
Total Current Liabilities 544,111 223,515
Total Liabilities 544,111 223,515
Commitments and Contingencies (Note 9)
Stockholders' Equity (Note 3)    
Preferred Stock, convertible, $.001 par value; 1,000 shares authorized; 1,000 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively 1 1
Common Stock $.001 par value 100,000,000 authorized; 44,131,842 and 40,817,870 issued and outstanding and 1,019,600 and 77,167 held in escrow and not issued and 43,602 and 0 authorized and not issued as of September 30, 2018 and December 31, 2017, respectively 45,195 40,895
Additional paid-in capital 48,405,234 33,349,144
Retained deficit (39,730,596) (26,082,960)
Equity attributable to Green Spirit Industries Inc. 8,719,834 7,307,080
Non-controlling interest 254,410
Total Stockholders' Equity 8,974,244 7,307,080
Total Liabilities and Stockholders' Equity $ 9,518,355 $ 7,530,595

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