v3.8.0.1

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 123,377	$ 172,286
Restricted cash		100,423
Prepaid expenses and other current assets	72,044	12,386
TOTAL CURRENT ASSETS	195,422	285,196
PROPERTY, PLANT AND EQUIPMENT, NET:
Property, plant and equipment, net	1,481,309	1,525,918
TOTAL PROPERTY, PLANT AND EQUIPMENT	1,481,309	1,525,918
Deposits	10,000	10,000
TOTAL ASSETS	1,686,731	1,821,114
CURRENT LIABILITIES:
Accounts payable	1,863,681	1,878,821
Accrued expenses	2,688,356	2,607,561
Demand promissory note – related party, current portion	7,351,922	7,304,262
Capital leases	21,571	21,362
TOTAL CURRENT LIABILITIES	11,925,530	11,812,009
LONG-TERM LIABILITIES:
Asset retirement obligations	66,414	65,920
Secured promissory notes – related party	2,222,020	1,972,219
Secured promissory notes	119,285	115,802
TOTAL LONG-TERM LIABILITIES	2,407,719	2,153,941
TOTAL LIABILITIES	14,333,249	13,965,947
STOCKHOLDERS’ DEFICIT:
Common stock, par $0.001; 250,000,000 authorized, 124,756,158 shares issued and outstanding	124,756	124,756
Additional paid in capital	67,187,660	67,176,993
Accumulated other comprehensive income (loss)	29,622	(28,445)
Accumulated deficit	(79,988,556)	(79,418,833)
TOTAL STOCKHOLDERS’ DEFICIT	(12,646,518)	(12,144,833)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$ 1,686,731	$ 1,821,114

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Plastic2Oil, Inc. 10-Q