Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Total Revenues $ 2,686,237 $ 2,500,357
Cost of Revenues:    
Total Cost of Revenues 1,783,747 1,454,686
Gross Profit 902,490 1,045,671
Operating Expenses:    
Compensation 9,722,799 5,981,561
General and administrative expenses 1,377,370 1,282,728
Other operating expenses 1,414,030 904,830
Lease termination costs 300,000
Total Operating Expenses 12,514,199 8,469,119
Loss From Operations (11,611,709) (7,423,448)
Other (Expense) Income:    
Interest expense (106,060) (946,131)
Interest expense - related party share transfer (see Note 15) (785,200)
Amortization of discount on convertible debt (528,929) (2,285,173)
Gain on settlement of accounts payable, net 972,637 22,914
Loss on settlement reserve (127,941) (12,980,588)
Change in fair value of derivative and other accrued liabilities 5,093,024 (138,164)
Change in fair value of FGI warrant liabilities (43,871,675)
Change in fair value of investments (161,823)
Loss on settlement of liabilities for equity (2,136,860) (7,570,581)
Loss on deconsolidation of 350 Green (97,152)
Gain on settlement of liabilities to JMJ for equity 5,800,175
Gain on extinguishment of derivative liabilities 24,240
Non-compliance penalty for SEC registration requirement (73,498)
Other income 147,243
Total Other Income (Expense) 8,190,506 (67,940,048)
Net Loss (3,421,203) (75,363,496)
Dividend attributable to Series C shareholders (4,267,100)
Deemed dividend (23,458,931)
Net Loss Attributable to Common Shareholders $ (26,880,134) $ (79,630,596)
Net Loss Per Share    
Basic $ (1.30) $ (25.95)
Diluted $ (1.30) $ (25.95)
Weighted Average Number of Common Shares Outstanding    
Basic 20,667,306 3,068,456
Diluted 20,667,306 3,068,456
Charging Service Revenue [Member]    
Revenues:    
Total Revenues $ 1,264,719 $ 1,186,710
Product Sales [Member]    
Revenues:    
Total Revenues 476,930 495,086
Network Fees and Other [Member]    
Revenues:    
Total Revenues 351,440 359,216
Warranty [Member]    
Revenues:    
Total Revenues 109,614 133,867
Grant and Rebate [Member]    
Revenues:    
Total Revenues 74,776 120,905
Other [Member]    
Revenues:    
Total Revenues 518,372 338,440
Cost of Charging Services [Member]    
Cost of Revenues:    
Total Cost of Revenues 182,323 230,283
Host Provider Fees [Member]    
Cost of Revenues:    
Total Cost of Revenues 375,384 336,917
Cost of Product Sales [Member]    
Cost of Revenues:    
Total Cost of Revenues 426,048 237,422
Network Costs [Member]    
Cost of Revenues:    
Total Cost of Revenues 278,534 302,645
Warranty and Repairs and Maintenance [Member]    
Cost of Revenues:    
Total Cost of Revenues 261,877 (32,890)
Depreciation and Amortization [Member]    
Cost of Revenues:    
Total Cost of Revenues $ 259,581 $ 380,309