General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

v3.5.0.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Accounting Policies [Abstract]    
Schedule of Estimated Useful Life of Property and Equipment  

Fixed assets are stated at cost, net of accumulated depreciation and amortization which is recorded commencing at the in-service date using the straight-line method over the estimated useful lives of the assets, as set forth in the following table:

 

Asset   Useful Lives
(In Years) 		 
Computer software and office and computer equipment     3 - 5  
Machinery and equipment, automobiles, furniture and fixtures     3 - 10  
Installed Level 2 electric vehicle charging stations     3  
Installed Level 3 (DC Fast Chargers (“DCFC”)) electric vehicle charging stations     5

Schedule of Outstanding Diluted Shares Outstanding from Diluted Loss Per Share Computation

The following common stock equivalents are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

 

    December 31,  
    2015     2014  
Preferred stock     50,674,188       41,242,027  
Warrants     55,384,027       58,142,745  
Options     7,765,000       7,666,333  
Convertible note     339,058       99,524  
Total potentially dilutive shares     114,162,273       107,150,629

The following common stock equivalents are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

 

    December 31,  
    2015     2014  
Preferred stock     48,378,148       33,607,143  
Warrants     61,043,591       54,088,323  
Options     7,781,667       7,690,665  
Convertible note     48,840       190,476  
Total potentially dilutive shares     117,252,246       95,576,607

 
Schedule of Error Corrections and Prior Period Adjustment

The following tables reconcile the prior period as reported balances to the revised balances:

 

    June 30,2015  
    As Reported     Adjustment     As Revised  
Condensed Consolidated Balance Sheet:                        
Total Current Assets   $ 1,942,413     $ –     $ 1,942,413  
Total Assets   $ 4,571,529     $ –     $ 4,571,529  
Total Current Liabilities   $ 17,244,978     $ (1,100,000 )   $ 16,144,978  
Total Liabilities   $ 17,501,491     $ (1,100,000 )   $ 16,401,491  
Total Stockholders’ Deficiency   $ (13,754,962 )   $ 1,100,000     $ (12,654,962 )

 

    For The Six Months Ended
June 30,2015 		 
    As Reported     Adjustment     As Revised  
Condensed Consolidated Statements of Operations:                        
Loss From Operations   $ (6,689,900 )   $ –     $ (6,689,900 )
Total Other Income     669,068       1,100,000       1,769,068  
Net Loss     (6,020,832 )     1,100,000       (4,920,832 )
Less: Net income attributable to noncontrolling interest     66,994       –       66,994  
Net Loss Attributable to Car Charging Group, Inc.     (6,087,826 )     1,100,000       (4,987,826 )
Dividend attributable to Series C shareholders     (414,400 )     –       (414,400 )
Net Loss Attributable to Common Shareholders   $ (6,502,226 )   $ 1,100,000     $ (5,402,226 )
Net Loss Per Share - Basic and Diluted   $ (0.08 )           $ (0.07 )
Weighted Average Number of Common Shares Outstanding - Basic and Diluted     78,489,861               78,489,861  

 

    For The Six Months Ended
June 30,2015 		 
    As Reported     Adjustment     As Revised  
Cash Flows From Operating Activities:                        
Net Loss   $ (6,020,832 )   $ 1,100,000     $ (4,920,832 )
Adjustments to reconcile net loss to net cash used in operating activities   $ 2,374,328     $ (1,100,000 )   $ 1,274,328  
Net Cash Used In Operating Activities   $ (3,922,444 )   $ –     $ (3,922,444 )
Net Cash Used In Investing Activities   $ (253,452 )   $ –     $ (253,452 )
Net Cash Provided By Financing Activities   $ 2,828,415     $ –     $ 2,828,415