Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues:    
Charging service revenue - company-owned charging stations $ 1,186,710 $ 1,144,016
Product sales 495,086 1,126,939
Grant and rebate revenue 120,905 332,672
Warranty revenue 133,867 136,375
Network fees 225,349 244,509
Other 338,440 341,510
Total Revenues 2,500,357 3,326,021
Cost of Revenues:    
Cost of charging services - company-owned charging stations 230,283 189,498
Host provider fees 336,917 458,931
Cost of product sales 237,422 501,729
Network costs 302,645 511,438
Warranty and repairs and maintenance (32,890) 346,477
Depreciation and amortization 380,309 805,607
Total Cost of Revenues 1,454,686 2,813,680
Gross Profit 1,045,671 512,341
Operating Expenses:    
Compensation 5,981,561 4,879,612
Other operating expenses 904,830 1,451,683
General and administrative expenses 1,281,925 1,393,954
Lease termination costs 300,000
Total Operating Expenses 8,468,316 7,725,249
Loss From Operations (7,422,645) (7,212,908)
Other (Expense) Income:    
Interest expense (946,131) (256,098)
Amortization of discount on convertible debt (2,285,173) (962,412)
Gain on settlement of accounts payable, net 22,914 840,625
Loss on settlement reserve (12,980,588)
Change in fair value of warrant liabilities (138,164) 727,239
Change in fair value of FGI warrant liabilities (43,871,675)
Loss on disposal of fixed assets (803) (17,557)
Loss on inducement in exchange for warrants (7,570,581)
Loss on deconsolidation of 350 Green (97,152)
Investor warrant expense (7,295)
Non-compliance penalty for delinquent regular SEC filings (571,543)
Non-compliance penalty for SEC registration requirement (73,498) (239,178)
Total Other Expense (67,940,851) (486,219)
Net Loss (75,363,496) (7,699,127)
Dividend attributable to Series C shareholders 4,267,100 1,468,500
Net Loss Attributable to Common Shareholders $ (79,630,596) $ (9,167,627)
Net Loss Per Share    
- Basic and Diluted $ (25.95) $ (3.17)
Weighted Average Number of Common Shares Outstanding    
- Basic and Diluted 3,068,456 2,894,509