v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total Revenues $ 546,844 $ 606,899 $ 1,767,182 $ 1,735,493
Cost of Revenues:        
Total Cost of Revenues 440,081 305,610 1,317,823 1,128,066
Gross Profit 106,763 301,289 449,359 607,427
Operating Expenses:        
Compensation 2,842,733 1,080,644 7,717,733 4,091,681
General and administrative expenses 467,073 222,399 949,592 774,482
Other operating expenses 319,537 227,927 996,529 681,630
Lease termination costs 300,000
Total Operating Expenses 3,629,343 1,530,970 9,663,854 5,847,793
Loss From Operations (3,509,882) (1,229,681) (9,201,797) (5,240,366)
Other Income (Expense)        
Interest expense (95,215) (113,516) (454,164)
Interest expense - related party share transfer (see Note 9) (785,200)
Amortization of discount on convertible debt (151,002) (528,929) (1,863,680)
(Loss) Gain on settlement of accounts payable, net (1,014) 920,352 22,914
Loss on settlement reserve (12,450,000) (127,941) (12,975,588)
Change in fair value of derivative and other accrued liabilities 1,349,886 (72,101,423) 4,997,721 (72,882,216)
Loss on settlement of liabilities for equity (7,570,581) (2,136,860) (7,570,581)
Loss on deconsolidation of 350 Green (97,152)
Gain on settlement of liabilities to JMJ for equity 5,800,175
Non-compliance penalty for SEC registration requirement (21,516) (73,498)
Other income 24,063 24,063
Total Other Income (Expense) 1,373,949 (92,390,751) 8,049,865 (95,893,965)
Net Loss (2,135,933) (93,620,432) (1,164,630) (101,134,331)
Dividend attributable to Series C shareholders (828,500) (607,800) (2,374,300)
Deemed dividend (23,458,931)
Net Loss Attributable to Common Shareholders $ (2,148,631) $ (94,448,932) $ (25,231,361) $ (103,508,631)
Net Loss Per Share        
Basic $ (0.09) $ (34.68) $ (1.33) $ (52.04)
Diluted $ (0.13) $ (34.68) $ (1.47) $ (52.04)
Weighted Average Number of Common Shares Outstanding        
Basic 24,867,869 2,723,437 18,916,432 1,989,022
Diluted 25,292,550 2,723,437 19,113,426 1,989,022
Charging Service Revenue [Member]        
Revenues:        
Total Revenues $ 320,388 $ 295,202 $ 927,485 $ 879,428
Product Sales [Member]        
Revenues:        
Total Revenues 102,958 157,264 381,557 367,808
Network Fees [Member]        
Revenues:        
Total Revenues 55,540 59,604 168,825 168,334
Warranty [Member]        
Revenues:        
Total Revenues 25,099 36,484 89,458 103,188
Grant and Rebate [Member]        
Revenues:        
Total Revenues 6,724 14,978 68,062 93,798
Other [Member]        
Revenues:        
Total Revenues 36,135 43,367 131,795 122,937
Cost of Charging Services [Member]        
Cost of Revenues:        
Total Cost of Revenues 18,823 106,606 141,644 171,284
Host Provider Fees [Member]        
Cost of Revenues:        
Total Cost of Revenues 91,564 55,047 297,296 202,432
Cost of Product Sales [Member]        
Cost of Revenues:        
Total Cost of Revenues 63,583 4,661 166,403 245,832
Network Costs [Member]        
Cost of Revenues:        
Total Cost of Revenues 73,858 21,781 218,083 236,675
Warranty and Repairs and Maintenance [Member]        
Cost of Revenues:        
Total Cost of Revenues 121,957 30,771 271,686 (26,325)
Depreciation and Amortization [Member]        
Cost of Revenues:        
Total Cost of Revenues $ 70,296 $ 86,744 $ 222,711 $ 298,168

Source