Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.3.0.814
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues:    
Charging service revenue $ 1,247,778 $ 327,971
Grant and rebate revenue 950,358 90,796
Equipment sales 565,057 47,636
Other 28,451 0
Total Revenues 2,791,644 466,403
Cost of Revenues:    
Cost of charging services 1,230,031 744,696
Depreciation and amortization 2,455,885 2,505,780
Cost of equipment sales 510,910 36,196
Inventory obsolescence charge 1,437,553 0
Total Cost of Revenues 5,634,379 3,286,672
Gross Loss (2,842,735) (2,820,269)
Operating Expenses:    
Compensation 8,246,442 11,025,966
Other operating expenses 735,259 1,062,067
General and administrative expenses 2,811,093 4,477,074
Impairment of goodwill 4,901,261 0
Impairment and loss of title of car charging stations 2,854,422 0
Impairment of intangible assets 536,161 606,685
Impairment of Ecotality investment 1,200,000 0
Loss on sale/replacement of EV charging stations 39,768 57,333
Inducement expense for exclusive EV installation rights provided to the Company 321,877 0
Total Operating Expenses 21,646,283 17,229,125
Loss From Operations (24,489,018) (20,049,394)
Other (Expense) Income:    
Interest expense, net (235,065) (73,958)
Amortization of discount on convertible debt (61,626) (173,484)
Gain (Loss) on settlement of accounts payable for cash and common stock 21,000 (47,856)
Gain on settlement of accounts payable 15,789 0
Change in fair value of warrant liabilities 3,935,337 1,794,693
Inducement expense for debt conversion 0 (687,286)
Inducement expense for partial extinguishment of derivative liabilities (382,753) 0
Inducement expense for standby financial support (858,118) 0
Provision for warrant liability (66,963) (1,480,000)
Financing agreement settlement expense 0 (3,420,000)
Preferred stock issuance costs (71,808) 0
Non-compliance penalty for delinquent regular SEC filings (711,517) 0
Non-compliance penalty for SEC registration requirement (807,188) 0
Release from obligation to U.S. Department of Energy 482,611 0
Total Other Income (Expense) 1,259,699 (4,087,891)
Net Loss (23,229,319) (24,137,285)
Less: Net loss attributable to the noncontrolling interests (531,302) 0
Net Loss Attributable to Car Charging Group, Inc. (22,698,017) (24,137,285)
Dividend payable to Series C shareholders (20,800) 0
Deemed dividend to Series B shareholder upon conversion to common stock and warrants 0 (2,831,830)
Net loss Attributable to Common Shareholders $ (22,718,817) $ (26,969,115)
Net Loss Per Share - Basic and Diluted $ (0.29) $ (0.49)
Weighted Average Number of Common Shares Outstanding - Basic and Diluted 77,675,650 54,945,088