Acquisitions (Details Narrative)
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12 Months Ended |
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Apr. 22, 2013
USD ($)
Members
$ / shares
shares
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Apr. 03, 2013
USD ($)
$ / shares
shares
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Feb. 26, 2013
USD ($)
$ / shares
shares
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Dec. 31, 2014
USD ($)
$ / shares
shares
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Dec. 31, 2013
USD ($)
$ / shares
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Oct. 09, 2013
USD ($)
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Business Acquisition [Line Items] |
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Impairment loss on goodwill |
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$ 4,901,261
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$ 0
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Common Stock, par value | $ / shares |
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$ 0.001
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$ 0.001
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Assumption of debt totalling |
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$ 2,415,539
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Beam LLC [Member] |
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Business Acquisition [Line Items] |
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Restricted common stock issued for outstanding membership interest acquired, Shares | shares |
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1,265,822
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Common stock issued under acquisition, par value | $ / shares |
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$ 0.001
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Restricted common stock value, issued for outstanding membership interest acquired |
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$ 1,645,569
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Promissory Notes issued |
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461,150
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Transaction cost paid |
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$ 38,850
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Interest rate on promissory note |
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6.00%
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Promissory notes maturity date |
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Apr. 15, 2013
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Acquisition related costs consisting of commission expense |
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18,000
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Acquisition related costs consisting of legal fees |
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$ 20,850
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Intangible assets |
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$ 638,000
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Issued price of common stock under equity exchange agreement | $ / shares |
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$ 1.58
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Impairment loss on goodwill |
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$ 1,601,882
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Assignors [Member] |
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Business Acquisition [Line Items] |
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Promissory Notes issued |
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$ 130,000
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Interest rate on promissory note |
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8.00%
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Promissory notes maturity date |
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Feb. 26, 2016
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Accrued interest |
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$ 33,292
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Number of promissory notes issued |
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Two certain secured promissory notes.
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Synapse Acquisition [Member] | Equity Exchange Agreement [Member] |
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Business Acquisition [Line Items] |
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Impairment loss on goodwill |
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$ 606,685
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Number of charging stations acquired |
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68
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Common stock shares exchange under equity exchange agreement | shares |
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671,141
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Common Stock, par value | $ / shares |
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$ 0.001
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Common stock exchange under equity exchange agreement, value |
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$ 791,946
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Amount paid at closing date under agreement |
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25,000
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Amount issued in form of promissory note |
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$ 75,000
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Promissory note payment description |
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Promissory Note does not bear interest and is payable in three installment payments of $25,000 on each subsequent three month anniversary of the Closing Date.
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Amount of promissory note to be paid in installment |
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$ 25,000
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Number of installment |
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3
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Percentage of net revenue payable to acquiree earned from charging station |
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3.60%
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Maximum percentage of daily trading volume of common stock agreed upon |
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5.00%
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350 Green Acquisition [Member] | Equity Exchange Agreement [Member] |
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Business Acquisition [Line Items] |
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Transaction cost paid |
$ 211,000
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Impairment loss on goodwill |
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3,299,379
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Common Stock, par value | $ / shares |
$ 0.001
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Amount issued in form of promissory note |
$ 500,000
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Promissory note payment description |
The Promissory Note does not bear interest and is payable in the following installments: (i) a payment of $10,000 on the Closing Date, (ii) an additional $10,000 payment on the thirty (30) day anniversary of the Closing Date, and (iii) monthly installments in the amount of $20,000 thereafter until paid in full
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Amount of promissory note to be paid in installment |
$ 20,000
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Percentage of net revenue payable to acquiree earned from charging station |
1.00%
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Payments of principal and interest |
$ 1,164,525
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$ 140,000
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Debt issuance cost |
444,768
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Amount paid in form of unregistered shares of the Company's common stock |
$ 719,757
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Unregistered shares of company's common stock | shares |
604,838
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Number of Members | Members |
350
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Description of ROFR agreement |
If the Company participates in business opportunities presented to it by the 350 Members pursuant to the ROFR Agreement that results in the Company installing EV charging stations (each an "EV Station"), the Company shall pay the 350 Members $250 for the first station, $125 for each additional EV Station, and 1% of any revenues generated by each EV Station for five (5) years from date of installation.
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Amount paid to members for first station under ROFR agreement |
$ 250
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Amount paid to members for subsequent stations under ROFR agreement |
$ 125
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Percentage of ownership |
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100.00%
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Blink Acquisition LLC [Member] |
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Business Acquisition [Line Items] |
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Acquired assets |
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$ 3,335,000
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Reorganized ETEC [Member] |
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Business Acquisition [Line Items] |
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Percentage of ownership |
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50.00%
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Business acquisition, description of consideration |
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The initial consideration as of December 31, 2014 was $1,000,000, consisting of an initial payment of $275,000 (including $70,000 to be paid on behalf of the estate directly to their professional service providers and $94,035 representing forbearance of a Blink receivable from the estate) and a subsequent cash payment of $725,000.
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Initial payment for business acquisition |
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$ 275,000
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Subsequent cash payment |
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725,000
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Established payable to the estates' creditor |
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835,965
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Expensed for established payable to the estates' creditor |
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$ 1,000,000
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Reorganized ETEC [Member] | April 10, 2015 [Member] |
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Business Acquisition [Line Items] |
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Business acquisition, description of consideration |
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On April 10, 2015, the consideration was amended to an initial payment of $375,000 (including approximately $281,000 to be paid on behalf of the estate directly to their professional service providers and $94,035 representing forbearance of a Blink network receivable from the estate) and a subsequent cash payment of $825,000 to the Creditors secured by 8,250 shares of Series B Convertible Preferred Stock issued in 2015 under the amendment.
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Initial payment for business acquisition |
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$ 375,000
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Subsequent cash payment |
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$ 825,000
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Reorganized ETEC [Member] | April 10, 2015 [Member] | Series B Convertible Preferred Stock [Member] |
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Business Acquisition [Line Items] |
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Number of shares issued during period | shares |
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8,250
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Reorganized ETEC [Member] | Estate Directly To Their Professional Service Providers [Member] |
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Business Acquisition [Line Items] |
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Initial payment for business acquisition |
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$ 70,000
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Reorganized ETEC [Member] | Estate Directly To Their Professional Service Providers [Member] | April 10, 2015 [Member] |
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Business Acquisition [Line Items] |
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Initial payment for business acquisition |
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281,000
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Reorganized ETEC [Member] | Forbearance Of Blink Receivable [Member] |
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Business Acquisition [Line Items] |
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Initial payment for business acquisition |
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94,035
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Reorganized ETEC [Member] | Forbearance Of Blink Receivable [Member] | April 10, 2015 [Member] |
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Business Acquisition [Line Items] |
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Initial payment for business acquisition |
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$ 94,035
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