v3.5.0.2

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 26,602	$ 1,379
Prepaid expenses and other receivables	4,960	4,960
Inventories, net	332,099	389,031
Loan receivable	1,100	1,100
Total Current Assets	364,761	396,470
Property and equipment, net	13,932	15,856
Timber rights	621,094
Total Assets	999,787	412,326
Current Liabilities
Accounts payable and accrued expenses	83,793	105,701
Notes payable		3,500
Notes payable-related party	32,995	14,995
Convertible notes, net		83,000
Due to related party		19,444
Total Current Liabilities	116,788	226,640
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value, 690,000,000 shares authorized, 87,671,007 and 81,256,574 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	8,767	8,126
Additional paid-in capital	4,027,087	2,938,617
Stock subscription payable	5,000
Accumulated deficit	(3,157,855)	(2,761,057)
Total Stockholders' Equity	882,999	185,686
Total Liabilities and Stockholders' Equity	$ 999,787	$ 412,326

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

Earth Gen-Biofuel, Inc. 10-Q