Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.19.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Summary of Investments

The following summarizes our investments as of June 30, 2019 and December 31, 2018:

 

    June 30, 2019     December 31, 2018  
             
Short-term investments:                
Available- for-sale investments   $ 3,032,386     $ 2,878,664  

 

Schedule of Unrealized Gains on Investment

The following is a summary of the unrealized gains, and fair value by investment type as of June 30, 2019 and December 31, 2018:

 

    June 30, 2019  
    Gross Unrealized Gains     Fair Value  
Fixed income   $ 141,007     $ 3,032,386  

 

    December 31, 2018  
    Gross Unrealized Gains     Fair Value  
Fixed income   $         -     $ 2,878,664  

Schedule of Revenue Recognition by Contract

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

 

    For The Three Months Ended     For The Six Months Ended  
    June 30,     June 30,  
    2019     2018     2019     2018  
                         
Revenues - Recognized at a Point in Time:                                
Charging service revenue - company-owned charging stations   $ 294,985     $ 301,350     $ 619,880     $ 607,097  
Product sales     282,014       142,839       385,218       278,599  
Other     36,661       45,131       88,260       95,660  
Total Revenues - Recognized at a Point in Time     613,660       489,320       1,093,358       981,356  
                                 
Revenues - Recognized Over a Period of Time:                                
Network fees and other     95,643       89,991       186,621       177,644  
Total Revenues - Recognized Over a Period of Time     95,643       89,991       186,621       177,644  
                                 
Total Revenue Under ASC 606   $ 709,303     $ 579,311     $ 1,279,979     $ 1,159,000  

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:

 

    For the Three and Six Months Ended  
    June 30,  
    2019     2018  
Convertible preferred stock     1,642,628       2,447,756  
Warrants     6,841,049       6,855,224  
Options     135,741       106,408  
Total potentially dilutive shares     8,619,418       9,409,388