Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities    
Net loss $ (4,400,792) $ (3,682,033)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 218,041 238,593
Amortization of discount on convertible debt 41,998
Change in fair value of warrant liabilities 2,014,408 (598,009)
Provision for bad debt 33,754 11,206
Loss on disposal of fixed assets 2,831
Gain on settlement of accounts payable, net (40,500)
Non-compliance penalty for delinquent regular SEC filings 220,864 463,500
Non-compliance penalty for SEC registration requirement 137,500
Convertible preferred stock 131,967 585,820
Common stock 107,853 323,645
Options 315,599 574,861
Warrants 5,827 275,908
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (70,574) (609,529)
Inventory 148,706 172,012
Prepaid expenses and other current assets 155,573 (31,135)
Other assets 37,965 (30,544)
Accounts payable and accrued expenses 376,284 (233,076)
Deferred revenue (258,843) (84,062)
Total Adjustments 3,577,755 1,060,688
Net Cash Used In Operating Activities (823,037) (2,621,345)
Cash Flows From Investing Activities    
Purchase of office and computer equipment (5,836) (18,608)
Investment in estate of Ecotality net of amount owed to Ecotality Estate Creditor's Committee (110,965)
Net Cash Used In Investing Activities (5,836) (129,573)
Cash Flows From Financing Activities    
Proceeds from sale of shares of Series C Convertible Preferred Stock and warrants 900,000 1,500,000
Payment of Series C Convertible Preferred Stock issuance costs (45,000)
Payment of notes and convertible notes payable (23,434) (53,273)
Net Cash Provided by Financing Activities 831,566 1,446,727
Net Increase (Decrease) In Cash 2,693 (1,304,191)
Cash - Beginning of Period 189,231 1,627,062
Cash - Ending of Period 191,924 322,871
Cash paid during the period for:    
Interest expense 131 675
Non-cash investing and financing activities:    
Return and retirement of common stock in connection with settlement 45,000
Issuance of common stock for services previously accrued 20,991 79,999
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 318,400 202,000
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends (611,600) (222,800)
Warrants issued in connection with extension of convertible note payable 23,641
Warrants reclassified to derivative liabilities $ 281,403