Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total Revenues $ 764,486 $ 546,844 $ 2,057,704 $ 1,767,182
Cost of Revenues:        
Total Cost of Revenues 643,239 440,081 1,567,955 1,317,823
Gross Profit 121,247 106,763 489,749 449,359
Operating Expenses:        
Compensation 1,727,487 2,842,733 5,005,014 7,717,733
General and administrative expenses 455,879 467,073 1,198,070 949,592
Other operating expenses 726,033 319,537 1,773,626 996,529
Total Operating Expenses 2,909,399 3,629,343 7,976,710 9,663,854
Loss From Operations (2,788,152) (3,522,580) (7,486,961) (9,214,495)
Other Income (Expense):        
Interest income (expense), net 15,961 54,114 (113,516)
Interest expense - related party share transfer (785,200)
Amortization of discount on convertible debt (528,929)
Gain on settlement of debt 310,000
Gain on settlement of accounts payable, net 93,184 253,607 920,352
Loss on settlement reserve (127,941)
Change in fair value of derivative and other accrued liabilities (1,367) 1,349,886 (91,603) 4,997,721
Loss on settlement of liabilities for equity (2,136,860)
Gain on settlement of liabilities to JMJ for equity 5,800,175
Other income 57,385 24,063 207,007 24,063
Total Other Income 165,163 1,373,949 733,125 8,049,865
Net Loss (2,622,989) (2,148,631) (6,753,836) (1,164,630)
Dividend attributable to Series C shareholders (607,800)
Deemed dividend (23,458,931)
Net Loss Attributable to Common Shareholders $ (2,622,989) $ (2,148,631) $ (6,753,836) $ (25,231,361)
Net Loss Per Share:        
Basic $ (0.10) $ (0.09) $ (0.26) $ (1.33)
Diluted $ (0.10) $ (0.13) $ (0.26) $ (1.47)
Weighted Average Number of Common Shares Outstanding:        
Basic 26,242,567 24,867,869 26,216,266 18,916,432
Diluted 26,242,567 25,292,550 26,216,266 19,113,426
Charging Service Revenue [Member]        
Revenues:        
Total Revenues $ 317,990 $ 320,388 $ 937,870 $ 927,485
Product Sales [Member]        
Revenues:        
Total Revenues 319,254 102,958 704,472 381,557
Network Fees [Member]        
Revenues:        
Total Revenues 80,116 55,540 230,945 168,825
Warranty [Member]        
Revenues:        
Total Revenues 8,400 25,099 44,192 89,458
Grant and Rebate [Member]        
Revenues:        
Total Revenues 4,578 6,724 17,817 68,062
Other [Member]        
Revenues:        
Total Revenues 34,148 36,135 122,408 131,795
Cost of Charging Services [Member]        
Cost of Revenues:        
Total Cost of Revenues 47,427 18,823 114,439 141,644
Host Provider Fees [Member]        
Cost of Revenues:        
Total Cost of Revenues 110,628 91,564 273,704 297,296
Cost of Product Sales [Member]        
Cost of Revenues:        
Total Cost of Revenues 246,071 63,583 547,191 166,403
Network Costs [Member]        
Cost of Revenues:        
Total Cost of Revenues 48,097 73,858 211,623 218,083
Warranty and Repairs and Maintenance [Member]        
Cost of Revenues:        
Total Cost of Revenues 152,218 121,957 324,633 271,686
Depreciation and Amortization [Member]        
Cost of Revenues:        
Total Cost of Revenues $ 38,798 $ 70,296 $ 96,365 $ 222,711