Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Property and Equipment

Fixed assets are stated at cost, net of accumulated depreciation and amortization which is recorded commencing at the in-service date using the straight-line method over the estimated useful lives of the assets, as set forth in the following table:

 

    Useful Lives
Asset   (In Years)
     
Computer software and office and computer equipment   3 - 5
Machinery and equipment, automobiles, furniture and fixtures   3 - 10
Installed Level 2 electric vehicle charging stations   3
Installed Level 3 (DC Fast Chargers (“DCFC”)) electric vehicle charging stations   5

Schedule of Outstanding Diluted Shares Outstanding from Diluted Loss Per Share Computation

The following common stock equivalents are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

 

    December 31,  
    2014     2013  
Preferred stock     33,607,143       25,000,000  
Warrants     54,088,323       37,895,137  
Options     7,690,665       4,943,665  
Convertible note     190,476       -  
Total potentially dilutive shares     95,576,607       67,838,802