Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities    
Net loss $ (8,244,924) $ (23,229,319)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 935,355 2,989,946
Amortization of discount on convertible debt 63,473 61,626
Change in fair value of warrant liabilities (3,262,637) (3,868,374)
Release from obligation to U.S. Department of Energy (1,833,896) (482,611)
Provision for loss on advanced commissions 143,250
Provision for bad debt 19,421
Gain on sale of fixed assets, net (81,567)
Gain on settlement of accounts payable, net (60,597) (36,789)
Gain on settlement of other trade liabilities (209,086)
Impairment of goodwill 4,901,261
Impairment of intangible assets 536,161
Impairment of charging stations 2,854,422
Impairment of Ecotality investment 1,200,000
Inventory obsolescence charge 1,437,553
Non-compliance penalty for delinquent regular SEC filings 1,722,217 711,517
Non-compliance penalty for SEC registration requirement 228,750 807,188
Preferred stock issuance costs 71,808
Provision for inventory shrinkage 92,998
Loss on disposal/replacement of charging stations 39,768
Convertible preferred stock 1,158,033
Common stock 1,294,132 389,406
Options 1,324,803 2,397,408
Warrants 288,862 1,451,937
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (285,926) (162,740)
Inventory 288,518 (1,264,557)
Prepaid expenses and other current assets (338,821) (256,214)
Deposit (4,511)
Other assets 477,491 127,454
Accounts payable and accrued expenses 798,118 1,705,734
Deferred rent (6,564)
Deferred revenue (207,881) 344,846
Total Adjustments 2,307,687 16,192,998
Net Cash Used in Operating Activities (5,937,237) (7,036,321)
Cash Flows From Investing Activities    
Purchase of automobile (137,165)
Purchase of electric charging stations (460,798)
Purchase of network software (162,150)
Proceeds from sale of fixed assets 108,701
Investment in estate of Ecotality net of amount owed to Ecotality Estate Creditor’s Committee (210,965) (70,000)
Net Cash Used In Investing Activities (102,264) (830,113)
Cash Flows From Financing Activities    
Proceeds from issuance of notes payable and convertible notes payable 400,000
Proceeds from sale of shares of Series C Convertible Preferred stock and warrants 4,930,000 1,470,000
Payment of notes and convertible notes payable (328,330) (213,843)
Net Cash Provided by Financing Activities 4,601,670 1,656,157
Net Decrease In Cash (1,437,831) (6,210,277)
Cash - Beginning 1,627,062 7,837,339
Cash - Ending 189,231 1,627,062
Supplemental Disclosures of Cash Flow Information:    
Interest expense 34,414 2,851
Non-cash investing and financing activities:    
Issuance of common stock in exchange for conversion of warrants 469
Common stock issued for settlement of accounts payable 4,999
Reclassification of chargers to other assets 462,532
Issuance of common stock for services previously accrued 94,999 137,000
Extinguishment of partial derivative liability 4,355,345
Warrants issued in exchange for derivative warrant liabilities 1,385,167
Forbearance of Ecotality accounts receivable 94,035
Accrual of contractual dividends on Series C Convertible Preferred Stock 20,800
Warrants issued in connection with issuance of convertible note payable 79,983
Issuance of Series C Convertible Preferred Stock in settlement of accrued registration rights penalty and related interest 2,069,700
Accrual of contractual dividends on Series C Convertible Preferred Stock 950,100
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends (677,700)
Warrants issued in connection with extension of convertible note payable 42,242
Warrants reclassified to derivative liabilities 281,403 914,977
Issuance of Series B Convertible Preferred Stock to the Creditors of ECOtality $ 825,000