Balance Sheet Disclosures

9 Months Ended

12 Months Ended

Sep. 30, 2018

Dec. 31, 2017

Balance Sheet Disclosures [Abstract]

Balance Sheet Disclosures

Note 3 - Balance Sheet Disclosures

Accounts receivable are summarized as follows:

	(Unaudited)
	September 30,			December 31,
	2018			2017
Accounts receivable	$	3,520,182		$	187,426
Allowance for doubtful accounts		(26,000	)		(37,007	)
	$	3,494,182		$	150,419

Property, equipment and land are summarized as follows:

	(Unaudited)
	September 30,			December 31,
	2018			2017
Buildings	$	3,849,312		$	3,849,312
Equipment		3,329,456			3,329,456
Land		975,899			975,899
Transportation equipment		217,200			-
Computer equipment		37,627			37,627
Field equipment		932			-
		8,410,426			8,192,294
Less accumulated depreciation		(835,170	)		(451,871	)
	$	7,575,256		$	7,740,423

Depreciation expense for the nine months ended September 30, 2018 and 2017 was $383,299 and $415,639, respectively.

Intangible assets consist of the following:

	(Unaudited)
	September 30,			December 31,
	2018			2017
Goodwill	$	9,996,005		$	3,993,730
Customer relationships		113,730			113,730
Trade names		86,000			86,000
Favorable leases		307,000			307,000
		10,502,735			4,500,460
Less impairment		(4,100,000	)		(4,100,000	)
Less amortization		(181,487	)		(55,176	)
	$	6,221,248		$	345,284

Amortization expense for the nine months ended September 30, 2018 and 2017 was $126,311 and $84,000, respectively. Future amortization expense will be approximately as follows:

at September 30,
2018 (remainder of the year)	$	37,950
2019		111,100
2020		106,000
2021		10,200
	$	165,250

Accrued expenses consist of the following:

	(Unaudited)
	September 30,		December 31,
	2018		2017
Subcontractor	$	1,635,226	$	-
Compensation, benefits and related payroll taxes		822,293		72,420
Federal alternative fuels tax credit		507,007		562,513
Professional fees		357,831		479,890
Interest		234,026		9,895
Credit cards		190,127		12,527
Operating expenses		149,269		-
Excise taxes		29,012		-
Other		27,763		28,138
Deferred rent		10,769		13,233
	$	3,963,323	$	1,178,616

Note 3 - Balance Sheet Disclosures

Accounts receivable are summarized as follows:

	December 31,
	2017
Accounts receivable	$	187,426
Allowance for doubtful accounts		(37,007	)
	$	150,419

Property, equipment and land are summarized as follows:

	December 31,
	2017			2016
Equipment	$	3,919,589		$	664,276
Buildings		3,259,179			161,467
Land		975,899			-
Computer equipment		37,627			42,109
Site development		-			401,462
Leasehold improvements		-			46,728
		8,192,294			1,316,042
Less accumulated depreciation		(451,871	)		(213,793	)
	$	7,740,423		$	1,102,249

Depreciation expense for the years ended December 31, 2017 and 2016 was $549,630 and $210,892, respectively.

During the year ended December 31, 2017 the Company recorded impairment of $806,217 for El Toro’s fixed assets and construction in progress

Construction in progress contains amounts accrued for construction of the Blaine CNG station that had not been placed into service as of December 31, 2016.

During the year ended December 31, 2017 the construction of the Blaine CNG Station was terminated.

Intangible assets consist of the following:

	2017
Goodwill	$	3,993,730
Favorable lease		307,000
Customer relationships		113,730
Trade name		86,000
		4,606,730
Less Impairment		(4,100,000	)
		506,730
Less Amortization		(161,446	)
	$	345,284

During the year ended December 31, 2017 the Company impaired total goodwill of $3,993,73 and customer lists for $106,270. Amortization expense for the years ended December 31, 2017 and 2016 was $161,446 and $0, respectively. Future amortization expense will be approximately as follows:

Year Ending December 31,
2018	$	118,000
2019		111,100
2020		106,000
2021		10,200
	$	345,300

Accrued expenses consist of the following:

	December 31,
	2017		2016
Federal alternative fuels tax credit	$	562,513	$	-
Accounting fees		290,438		56,839
Legal fees		217,590		25,547
Compensation and related payroll taxes		72,420		-
Deferred rent		13,233		13,149
Credit cards		12,527		32,061
	$	1,168,720	$	127,596