v3.7.0.1

Consolidated Balance Sheets - USD ($)	Jun. 30, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 967,210	$ 1,563,781
Restricted cash	37,500	37,500
Accounts receivable, net	1,782,793	3,062,923
Inventory, net	124,186	95,461
Costs in excess of billings on uncompleted contracts	873,861	37,790
Prepaid expenses and other current assets	82,453	76,358
Total current assets	3,868,003	4,873,813
PROPERTY AND EQUIPMENT, NET	112,138	62,751
OTHER ASSETS
Long-term accounts receivable, net	1,017,729	1,414,589
Intangible assets, net	476,879	537,536
Goodwill	218,076	218,076
Other assets	4,598	7,220
Total other assets	1,717,282	2,177,421
TOTAL ASSETS	5,697,423	7,113,985
CURRENT LIABILITIES
Accounts payable and accrued expenses	4,408,988	4,885,326
Customer deposits	20,846	13,396
Accrued warranty	148,806	163,121
Advances from contractors	103,389	103,389
Notes payable, net of discounts		81,181
Total current liabilities	4,682,029	5,246,413
TOTAL LIABILITIES	4,682,029	5,246,413
STOCKHOLDERS' EQUITY
Class A convertible preferred stock, $0.001 par value, 1,000,000 shares authorized, 500,000 and 120,000 shares issued and outstanding	500	120
Class B convertible preferred stock, $0.001 par value, 2,000,000 shares authorized, 90,000 and 130,000 shares issued and outstanding	90	130
Common stock, $0.001 par value, 150,000,000 shares authorized, 24,536,176 and 23,857,176 shares issued and outstanding, respectively	24,560	23,858
Additional paid-in capital	6,333,257	6,292,416
Accumulated deficit	(5,343,013)	(4,448,952)
Total Stockholders' Equity	1,015,394	1,867,572
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 5,697,423	$ 7,113,985

For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(9))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(5))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

SUNVALLEY SOLAR, INC. 10-Q