Summary of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2020 |
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| Accounting Policies [Abstract] |
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| Summary of Investments |
The following summarizes the Company’s
investments as of June 30, 2020 and December 31, 2019:
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|
June 30, 2020 |
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December 31, 2019 |
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| Short-term investments: |
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| Available- for-sale investments |
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$ |
160,748 |
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|
$ |
2,956,989 |
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| Schedule of Unrealized Gains, Losses on Investment |
The following is a summary of the unrealized
gains, losses, and fair value by investment type as of June 30, 2020 and December 31, 2019:
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June 30, 2020 |
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|
Amortized Cost |
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|
Gross
Unrealized Gains
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|
Gross
Unrealized Losses
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|
|
Fair Value |
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| Fixed income |
|
$ |
180,827 |
|
|
$ |
- |
|
|
$ |
(20,079 |
) |
|
$ |
160,748 |
|
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December 31, 2019 |
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|
Amortized Cost |
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|
Gross
Unrealized Gains
|
|
|
Gross
Unrealized Losses
|
|
|
Fair Value |
|
| Fixed income |
|
$ |
2,773,816 |
|
|
$ |
183,173 |
|
|
$ |
- |
|
|
$ |
2,956,989 |
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|
| 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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For The Six Months Ended |
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June 30, |
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June 30, |
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2020 |
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2019 |
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2020 |
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2019 |
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| Revenues - Recognized at a Point in Time: |
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|
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|
|
|
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|
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| Charging service revenue - company-owned charging stations |
|
$ |
87,250 |
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|
$ |
294,985 |
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|
$ |
406,874 |
|
|
$ |
619,880 |
|
| Product sales |
|
|
1,274,354 |
|
|
|
282,014 |
|
|
|
2,051,777 |
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|
385,218 |
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| Other |
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|
127,404 |
|
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|
36,661 |
|
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|
261,023 |
|
|
|
88,260 |
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| Total Revenues - Recognized at a Point in Time |
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|
1,489,008 |
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|
|
613,660 |
|
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|
2,719,674 |
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|
1,093,358 |
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| |
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| Revenues - Recognized Over a Period of Time: |
|
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|
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| Network and other fees |
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|
79,690 |
|
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|
95,643 |
|
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|
143,309 |
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|
|
186,621 |
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| Total Revenues - Recognized Over a Period of Time |
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|
79,690 |
|
|
|
95,643 |
|
|
|
143,309 |
|
|
|
186,621 |
|
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| Total Revenue Under ASC 606 |
|
$ |
1,568,698 |
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|
$ |
709,303 |
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|
$ |
2,862,983 |
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|
$ |
1,279,979 |
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| 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:
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For the Three and Six Months Ended
June 30, |
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2020 |
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|
2019 |
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| Convertible preferred stock |
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|
- |
|
|
|
1,642,628 |
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| Warrants |
|
|
7,756,043 |
|
|
|
6,841,049 |
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| Options |
|
|
646,715 |
|
|
|
135,741 |
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| Unvested restricted common stock |
|
|
109,733 |
|
|
|
- |
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| Total potentially dilutive shares |
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|
8,512,491 |
|
|
|
8,619,418 |
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