Summary of Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2020 |
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| Accounting Policies [Abstract] |
|
| Summary of Investments |
The following summarizes our investments as
of March 31, 2020 and December 31, 2019:
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|
March 31, 2020 |
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|
December 31, 2019 |
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|
|
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| Short-term investments: |
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|
|
|
|
|
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| Available- for-sale investments |
|
$ |
1,952,510 |
|
|
$ |
3,150,332 |
|
|
| Schedule of Unrealized Gains on Investment |
The following is a summary of the unrealized
gains, losses, and fair value by investment type as of March 31, 2020 and December 31, 2019:
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|
March 31, 2020 |
|
| |
|
Amortized Cost |
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|
Gross
Unrealized Gains
|
|
|
Gross
Unrealized Losses
|
|
|
Fair Value |
|
| Fixed income |
|
$ |
2,053,252 |
|
|
$ |
8,005 |
|
|
$ |
(108,747 |
) |
|
$ |
1,952,510 |
|
| |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
| |
|
December 31, 2019 |
|
| |
|
Amortized Cost |
|
|
Gross
Unrealized Gains
|
|
|
Gross
Unrealized Losses
|
|
|
Fair Value |
|
| Fixed income |
|
$ |
2,967,159 |
|
|
$ |
183,173 |
|
|
$ |
- |
|
|
$ |
3,150,332 |
|
|
| Schedule of Revenue Recognition by Contract |
The following table summarizes revenue recognized
under ASC 606 in the condensed consolidated statements of operations:
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|
For The Three Months Ended |
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March 31, |
|
| |
|
2020 |
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|
2019 |
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| |
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| Revenues - Recognized at a Point in Time: |
|
|
|
|
|
|
|
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| Charging service revenue - company-owned charging stations |
|
$ |
319,624 |
|
|
$ |
324,895 |
|
| Product sales |
|
|
777,423 |
|
|
|
103,204 |
|
| Other |
|
|
133,619 |
|
|
|
51,599 |
|
| Total Revenues - Recognized at a Point in Time |
|
|
1,230,666 |
|
|
|
479,698 |
|
| |
|
|
|
|
|
|
|
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| Revenues - Recognized Over a Period of Time: |
|
|
|
|
|
|
|
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| Network and other fees |
|
|
63,619 |
|
|
|
90,978 |
|
| Total Revenues - Recognized Over a Period of Time |
|
|
63,619 |
|
|
|
90,978 |
|
| |
|
|
|
|
|
|
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| Total Revenue Under ASC 606 |
|
$ |
1,294,285 |
|
|
$ |
570,676 |
|
|
| 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 Months Ended |
|
| |
|
March 31, |
|
| |
|
2020 |
|
|
2019 |
|
| Convertible preferred stock |
|
|
- |
|
|
|
1,642,628 |
|
| Warrants |
|
|
6,840,049 |
|
|
|
6,837,061 |
|
| Options |
|
|
382,844 |
|
|
|
105,308 |
|
| Unvested restricted common stock |
|
|
110,160 |
|
|
|
- |
|
| Total potentially dilutive shares |
|
|
7,333,053 |
|
|
|
8,584,997 |
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|