Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.19.1
Prepaid Expenses and Other Current Assets
3 Months Ended
Mar. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

3. PREPAID EXPENSES AND OTHER CURRRENT ASSETS

 

During the year ended December 31, 2018, the Company entered into purchase commitments to acquire second generation charging stations with an aggregate value of $3,156,629. The Company has an aggregate deposit of $425,620 for these charging stations, which is included within other assets on the Company’s condensed consolidated balance sheet as of March 31, 2019. As of March 31, 2019, the Company had a remaining purchase commitment of $1,229,163, which will come due upon delivery of the charging stations.