Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.5.0.2
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenues:    
Charging service revenue $ 1,703,013 $ 1,247,778
Grant and rebate revenue 1,169,149 950,358
Equipment sales 805,143 565,057
Other 280,490 28,451
Total Revenues 3,957,795 2,791,644
Cost of Revenues:    
Cost of charging services 1,552,394 1,230,031
Depreciation and amortization 847,384 2,455,885
Cost of equipment sales 461,960 510,910
Inventory obsolescence charge 1,437,553
Total Cost of Revenues 2,861,738 5,634,379
Gross Profit (Loss) 1,096,057 (2,842,735)
Operating Expenses:    
Compensation 8,200,246 8,246,442
Other operating expenses 1,662,748 735,259
General and administrative expenses 2,552,857 2,811,093
Impairment of goodwill 4,901,261
Impairment and loss of title of car charging stations 2,854,422
Impairment of intangible assets 536,161
Impairment of Ecotality investment 1,200,000
Loss on sale/replacement of EV charging stations 39,768
Inducement expense for exclusive EV installation rights provided to the Company 321,877
Total Operating Expenses 12,415,851 21,646,283
Loss From Operations (11,319,794) (24,489,018)
Other (Expense) Income:    
Interest expense (82,565) (235,065)
Amortization of discount on convertible debt (63,473) (61,626)
Gain on settlement of accounts payable, net 60,597 36,789
Gain on settlement of other trade liabilities 209,086
Change in fair value of warrant liabilities 3,262,637 3,868,374
Gain on sale of fixed assets, net 81,567
Inducement expense for partial extinguishment of derivative liabilities (382,753)
Inducement expense for standby financial support (858,118)
Investor warrant expense (275,908)
Preferred stock issuance costs (71,808)
Non-compliance penalty for delinquent regular SEC filings (1,722,217) (711,517)
Non-compliance penalty for SEC registration requirement (228,750) (807,188)
Release from obligation to U.S. Department of Energy 1,833,896 482,611
Total Other Income 3,074,870 1,259,699
Net Loss (8,244,924) (23,229,319)
Less: Net income (loss) attributable to the noncontrolling interests 389,600 (531,302)
Net Loss Attributable to Car Charging Group, Inc. (8,634,524) (22,698,017)
Dividend attributable to Series C shareholders (950,100) (20,800)
Net Loss Attributable to Common Shareholders $ (9,584,624) $ (22,718,817)
Net Loss Per Share - Basic and Diluted $ (0.12) $ (0.29)
Weighted Average Number of Common Shares Outstanding - Basic and Diluted 79,029,180 77,675,650