Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of Revenue Recognition by Contract

The following table summarizes our revenue recognized under ASC 606 in our condensed consolidated statements of operations:

 

    For The Three Months Ended     For The Six Months Ended  
    June 30,     June 30,  
    2018     2017     2018     2017  
                         
Revenues - Recognized at a Point in Time                                
Charging service revenue - company-owned charging stations   $ 301,350     $ 244,931     $ 607,097     $ 512,805  
Product sales     142,839       56,957       278,599       210,544  
Other     45,131       55,408       95,660       112,670  
Total Revenues - Recognized at a Point in Time     489,320       357,296       981,356       836,019  
                                 
Revenues - Recognized Over a Period of Time:                                
Warranty revenue     33,957       31,855       64,359       66,704  
Network fees     56,034       59,492       113,285       108,730  
Total Revenues - Recognized Over a Period of Time     89,991       91,347       177,644       175,434  
                                 
Total Revenue Under ASC 606   $ 579,311     $ 448,643     $ 1,159,000     $ 1,011,453

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

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

 

    June 30,  
    2018     2017  
Convertible preferred stock     2,447,756       1,248,174  
Warrants     6,855,224       1,061,994  
Options     106,408       147,833  
Convertible notes     -       20,335  
Total potentially dilutive shares     9,409,388       2,478,336