Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash $ 892,682 $ 4,645
Cash, held in escrow 2,932,713 6,753,373
Inventory 45,108
Prepaid Expenses 32,500 20,650
Total Current Assets 3,903,003 6,778,668
Fixed Assets    
Equipment 85,024
Leasehold improvements 128,822
Accumulated Depreciation
Total Net Fixed Assets 213,846
Other Assets    
Construction in progress (Note 5) 455,800 241,627
Escrow, asset purchases (Notes 8 and 9) 1,434,500
Licenses 503,000 503,000
Patents (Note 7) 1,350,000
Rent deposit 8,500 7,300
Total Other Assets 3,751,800 751,927
Total Assets 7,868,649 7,530,595
Current Liabilities    
Accounts Payable 57,134 222,515
Sales tax payable 253
Advances Payable 1,000 1,000
Total Current Liabilities 58,387 223,515
Total Liabilities 58,387 223,515
Commitments and Contingencies (Note 8)  
Stockholders’ Equity (Note 3)    
Preferred Stock, convertible, $.001 par value; 1,000 shares authorized; 1,000 issued and outstanding as of March 31, 2018 and December 31, 2017 , respectively 1 1
Common Stock $.001 par value 100,000,000 authorized; 41,460,204 and 40,817,870 issued and outstanding and 1,277,500 and 77,167 in escrow and not issued as of March 31, 2018 and December 31, 2017 , respectively 42,738 40,895
Joint venture equity
Additional paid-in capital 41,695,080 33,349,144
Retained deficit (34,591,150) (26,082,960)
Equity attributable to Green Spirit Industries Inc. 7,146,669 7,307,080
Non-controlling interest 663,593 0
Total Stockholders’ Equity 7,810,262 7,307,080
Total Liabilities and Stockholders’ Equity $ 7,868,649 $ 7,530,595