Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

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Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2014
Business Acquisition [Line Items]  
Summary of Revenues and Net Loss of Car Charging Group, Inc. and Three Acquisitions

The revenues and net loss of the acquirees from the dates of their respective acquisition dates through December 31, 2013 included in the consolidated statements of operations is as follows:

 

    Car     Beam           Blink        
    Charging     Charging     350 Green     Network        
    Group, Inc.     LLC     LLC     LLC     Total  
Revenue   $ 154,385     $ 56,902     $ 50,795     $ 204,321     $ 466,403  
Net Loss   $ (19,265,774 )   $ (1,592,859 )   $ (1,487,198 )   $ (1,791,454 )   $ (24,137,285 )

 

The unaudited pro forma revenues and net loss of Car Charging Group, Inc. and the acquirees for the year ended December 31, 2013 as if the acquisitions occurred as of January 1, 2013, is as follows:

 

    Car     Beam           Blink        
    Charging     Charging     350 Green     Network        
    Group, Inc.     LLC     LLC     LLC     Total  
Revenue   $ 154,385     $ 57,662     $ 190,907     $ 24,272,000     $ 24,674,954  
Net Loss   $ (19,265,774 )   $ (1,629,770 )   $ (1,981,547 )   $ (18,719,000 )   $ (41,596,091 )

Beam LLC [Member]  
Business Acquisition [Line Items]  
Summary the Preliminary Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of assets acquired and liabilities assumed at the closing date:

 

    February 26, 2013  
Cash   $ 69  
Property and equipment     489,469  
Amortizable intangible assets     638,000  
Current liabilities assumed     (622,701 )
Net identifiable assets     504,837  
Goodwill     1,601,882  
Total consideration given   $ 2,106,719  

Synapse Acquisition [Member]  
Business Acquisition [Line Items]  
Summary the Preliminary Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of assets acquired and liabilities assumed at the closing date:

 

    April 3, 2013  
Intangible assets   $ 891,946  
Net identifiable assets     891,946  
Consideration given   $ 891,946  

Schedule of Fair Value of Intangible Assets Pending Finalization of a Third Party Valuation

The fair value of intangible assets acquired on April 3, 2013 consisted of the following:

 

    April 3, 2013  
Awarded government grant for the installation of EV charging stations   $ 285,261  
Trademark     300,000  
Provider agreements for locations awaiting charging station installation     156,685  
Present value of EV charging stations to be acquired in 2016     150,000  
Total purchase price paid   $ 891,946  

350 Green Acquisition [Member]  
Business Acquisition [Line Items]  
Summary the Preliminary Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of assets acquired and liabilities assumed at the closing date after consideration of the JNS APA:

 

    April 22, 2013  
Cash   $ 33,672  
Property and equipment     2,598,208  
Current liabilities assumed     (4,766,734 )
Net liabilities assumed     (2,134,854 )
Goodwill     3,299,379  
Consideration given   $ 1,164,525  

Schedule of Condensed Pro Forma Balance Sheet Items

The following table summarizes the fair value of the Assets and Liabilities transferred to JNS:

 

Property and equipment   $ 1,286,071  
Accounts payable and accrued expenses     (1,617,041 )
Deferred revenue     (798,498 )
Net liabilities assumed by JNS   $ (1,129,468 )

Blink Network [Member]  
Business Acquisition [Line Items]  
Schedule of Condensed Pro Forma Balance Sheet Items

The following table summarizes the fair value of assets acquired and liabilities assumed at the closing date:

 

    October 16, 2013  
Accounts receivable   $ 29,073  
Inventory     1,396,938  
Intangible assets (patents and trademarks)     150,242  
Property and equipment     4,823,893  
Accounts payable and accrued expenses     (3,065,146 )
Net assets acquired     3,335,000  
Consideration paid   $ (3,335,000 )