Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.19.3
Prepaid Expenses and Other Current Assets
9 Months Ended
Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

4. PREPAID EXPENSES AND OTHER CURRRENT ASSETS

 

As of September 30, 2019, the Company had remaining purchase commitments to acquire second generation charging stations and other equipment with an aggregate value of $2,067,956. The Company has a remaining deposit of $175,235 against second generation charging stations which is included within prepaid expenses and other current assets on the condensed consolidated balance sheet as of September 30, 2019. The net remaining commitment of $1,262,165 will become due upon delivery of the charging stations.