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 ($)
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities    
Net loss $ (6,746,768) $ (4,920,832)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 465,747 478,830
Amortization of discount on convertible debt 41,998
Change in fair value of warrant liabilities 2,194,257 (888,907)
Provision for bad debt (1,066) (1,347)
Loss on disposal of fixed assets 8,597 2,160
Gain on settlement of accounts payable (40,500)
Release from U.S. Department of Energy accrued liability (1,833,896)
Non-compliance penalty for delinquent regular SEC filings 476,713 653,150
Non-compliance penalty for SEC registration requirement 137,500
Convertible preferred stock 131,967 728,962
Common stock 104,776 768,588
Options 599,011 1,076,428
Warrants 6,284 288,862
Changes in operating assets and liabilities:    
Accounts receivable and other receivables 405,371 (256,801)
Inventory 190,277 231,937
Prepaid expenses and other current assets 181,680 (162,599)
Deposits (4,511)
Other assets 39,965 (20)
Accounts payable and accrued expenses 781,744 37,660
Deferred rent (6,564)
Deferred revenue (410,560) (115,042)
Total Adjustments 5,312,263 998,388
Net Cash Used in Operating Activities (1,434,505) (3,922,444)
Cash Flows From Investing Activities    
Purchase of fixed assets (58,669) (42,487)
Investment in estate of Ecotality net of amount owed to Ecotality Estate Creditor's Committee (210,965)
Net Cash Used In Investing Activities (58,669) (253,452)
Cash Flows From Financing Activities    
Preferred Stock and warrants 1,367,120 3,000,000
Payment of Series C Convertible Preferred Stock issuance costs (52,500)
Proceeds from issuance of convertible notes payable to a related party 200,000
Payment of notes and convertible notes payable (26,910) (171,585)
Net Cash Provided by Financing Activities 1,487,710 2,828,415
Net Decrease in Cash (5,464) (1,347,481)
Cash - Beginning of Period 189,231 1,627,062
Cash - Ending of Period 183,767 279,581
Supplemental Disclosures of Cash Flow Information:    
Interest expense 303 10,018
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 26,982 94,999
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 683,700 414,400
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends (611,600) (435,200)
Warrants issued in connection with extension of convertible note payable 23,641
Warrants reclassified to derivative liabilities 281,403
Accrual of issuance costs on Series C Convertible Preferred Stock $ 159,335