v3.8.0.1

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 635,113	$ 792,050
Restricted cash	37,500	37,500
Current portion of Accounts receivable, net	281,600	1,337,076
Current portion of Notes receivable, current	33,221	30,395
Inventory	455,434	371,532
Contract assets	92,024	9,135
Prepaid expenses and other current assets	137,744	96,679
Total current assets	1,672,636	2,674,367
PROPERTY AND EQUIPMENT, NET	88,749	96,489
OTHER ASSETS
Long-term accounts receivable, net of current portion	40,261	44,645
Notes receivable, net of current portion	122,175	130,008
Other assets	7,870	7,870
Total other assets	170,306	182,523
TOTAL ASSETS	1,931,691	2,953,379
CURRENT LIABILITIES
Accounts payable and accrued expenses	1,687,626	1,842,523
Customer deposits	277,945	316,160
Accrued warranty	164,138	192,106
Advances from contractors	103,389	103,389
Legal settlement payable		339,249
Total current liabilities	2,233,098	2,793,427
STOCKHOLDERS' EQUITY (DEFICIT)
Class A convertible preferred stock, $0.001 par value,1,000,000 shares authorized, 500,000 and 500,000 shares issued and outstanding, as of March 31, 2018 and December 31, 2017, respectively	$ 500	$ 500
Class B convertible preferred stock, $0.001 par value,2,000,000 shares authorized, 90,000 and 90,000 shares issued and outstanding, as of March 31, 2018 and December 31, 2017, respectively	90	90
Common stock, $0.001 par value, 150,000,000 shares authorized, 24,563,176 and 24,563,176 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	$ 24,564	$ 24,564
Additional paid-in capital	6,374,098	6,364,308
Accumulated deficit	(6,700,659)	(6,229,510)
Total Stockholders' Equity (Deficit)	(301,407)	159,952
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 1,931,691	$ 2,953,379

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