Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
|
Jun. 30, 2017 |
Dec. 31, 2016 |
| Current assets: |
|
|
| Cash |
$ 2,296,411
|
$ 824,928
|
| Short-term investments - Restricted |
|
1,953,969
|
| Accounts receivable, net |
6,593,302
|
2,540,657
|
| Prepaid expenses |
1,232,130
|
746,776
|
| Other current assets |
530,902
|
39,895
|
| Total current assets |
10,652,745
|
6,106,225
|
| Property, plant and equipment, at cost net of accumulated depreciation |
35,765,862
|
16,797,015
|
| Landfill assets, net of accumulated amortization |
34,042,804
|
3,278,817
|
| Assets held for sale |
395,000
|
395,000
|
| Other assets: |
|
|
| Deposits |
229,779
|
144,793
|
| Contract receivable |
167,586
|
179,067
|
| Goodwill |
13,248,633
|
7,234,420
|
| Capitalized software, net of accumulated amortization |
131,271
|
356,167
|
| Trademarks, net of accumulated amortization |
194,250
|
|
| Customer list, net of accumulated amortization |
15,132,131
|
14,553,629
|
| Non-compete, net of accumulated amortization |
94,080
|
114,680
|
| Website, net of accumulated amortization |
36,403
|
38,819
|
| Total other assets |
29,234,133
|
22,621,575
|
| Total assets |
110,090,544
|
49,198,632
|
| Current liabilities: |
|
|
| Accounts payable |
4,242,056
|
3,327,618
|
| Accrued expenses |
3,045,795
|
2,005,357
|
| Notes payable, related parties |
356,891
|
609,891
|
| Deferred compensation |
|
769,709
|
| Deferred revenue |
5,744,144
|
3,431,869
|
| Derivative liability |
|
3,343,623
|
| Current portion - capital leases payable |
543,775
|
|
| Current portion - long term debt |
1,366,676
|
1,385,380
|
| Total current liabilities |
15,299,337
|
14,873,447
|
| Long-term liabilities: |
|
|
| Asset retirement obligation |
8,078,125
|
5,299
|
| Deferred tax liability |
418,000
|
193,482
|
| Deferred rent |
54,149
|
|
| Capital leases, payable |
6,372,297
|
|
| Long-term debt, net of current |
81,640,398
|
41,810,733
|
| Total long term liabilities |
96,562,969
|
42,009,514
|
| Total liabilities |
111,862,306
|
56,882,961
|
| Preferred Series C stock redeemable, cumulative, stated value $100 per share, par value $.001, 67,361 shares authorized, 0 and 35,750 shares issued and outstanding, respectively |
|
2,644,951
|
| Equity: |
|
|
| Common stock, par value $.025, 75,000,000 shares authorized, 9,368,196 and 1,712,471 shares issued and 9,356,696 and 1,700,971 shares outstanding, respectively |
233,884
|
42,812
|
| Common stock to be issued |
16,979
|
|
| Treasury stock, at cost, 11,500 shares |
(224,250)
|
(224,250)
|
| Additional paid in capital |
54,517,377
|
35,752,738
|
| Accumulated deficit |
(56,530,500)
|
(45,900,580)
|
| Total Meridian Waste Solutions, Inc. shareholders' deficit |
(1,986,510)
|
(10,329,280)
|
| Noncontrolling interest |
214,748
|
|
| Total equity |
(1,771,762)
|
(10,329,280)
|
| Total liabilities and equity |
110,090,544
|
49,198,632
|
| Preferred Series A stock |
|
|
| Equity: |
|
|
| Preferred stock |
|
|
| Preferred Series B stock |
|
|
| Equity: |
|
|
| Preferred stock |
|
|