Annual report pursuant to Section 13 and 15(d)

Assets and Liabilities Transferred to Trust Mortgage - 350 Green (Tables)

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Assets and Liabilities Transferred to Trust Mortgage - 350 Green (Tables)
 12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of Consolidated Statements of Operations

The following amounts pertaining to 350 Green are included in the consolidated statements of operations for the year ended December 31, 2015:

 

    For the Years Ended
December 31, 2015 		 
       
Revenues   $ -  
         
Cost of Revenues     (209,086 )
         
Gross Profit     209,086  
         
Operating Expenses:        
Other operating expenses     -  
General and administrative expenses     25,114  
Loss on sale/replacement of EV charging stations     -  
Total Operating Expenses     25,114  
         
Income From Operations     183,972  
         
Other Income (Expense):        
Interest income     6,352  
Gain on settlement of accounts payable     155,770  
Gain on settlement of debt     314,598  
Loss on settlement of note receivable     (271,092 )
         
Total Other Income, net     205,628  
         
Net Income   $ 389,600  

Schedule of Current Liabilities

The following current liabilities pertaining to 350 Green are included in the consolidated balance sheets:

 

    December 31,  
    2016     2015  
             
Accounts payable   $ 3,728,193     $ 3,908,009  
Accrued expenses     5,969       5,969  
Total   $ 3,734,162     $ 3,913,978  

Schedule of Non-controlling Interest

The following represents the change in the balance of the non-controlling interest:

 

    For the Years Ended December 31,  
    2016     2015  
Beginning balance   $ (4,011,130 )   $ (4,400,730 )
Net income of 350 Green     -       389,600  
Assumption of liability of 350 Green by Car Charging Group, Inc.     179,816       -  
Ending balance   $ (3,831,314 )   $ (4,011,130 )