Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total Revenues $ 905,460 $ 764,486 $ 3,776,934 $ 2,057,704
Cost of Revenues:        
Total Cost of Revenues 538,825 643,239 2,687,697 1,567,955
Gross Profit 366,635 121,247 1,089,237 489,749
Operating Expenses:        
Compensation 2,543,755 1,727,487 6,963,960 5,005,014
General and administrative expenses 1,143,476 455,879 2,460,012 1,198,070
Other operating expenses 592,279 726,033 1,618,897 1,773,626
Total Operating Expenses 4,279,510 2,909,399 11,042,869 7,976,710
Loss From Operations (3,912,875) (2,788,152) (9,953,632) (7,486,961)
Other (Expense) Income:        
Interest (expense) income, net (2,925) 15,961 18,185 54,114
Gain on settlement of debt 310,000
Gain on settlement of accounts payable, net 3,492 93,184 22,578 253,607
Change in fair value of derivative and other accrued liabilities (52,232) (1,367) (68,271) (91,603)
Other income 50,191 57,385 76,178 207,007
Total Other (Expense) Income (1,474) 165,163 48,670 733,125
Net Loss $ (3,914,349) $ (2,622,989) $ (9,904,962) $ (6,753,836)
Net Loss Per Share:        
Basic $ (0.12) $ (0.1) $ (0.34) $ (0.26)
Diluted $ (0.12) $ (0.1) $ (0.34) $ (0.26)
Weighted Average Number of Common Shares Outstanding:        
Basic 31,379,636 26,242,567 28,859,057 26,216,266
Diluted 31,379,636 26,242,567 28,859,057 26,216,266
Charging Service Revenue [Member]        
Revenues:        
Total Revenues $ 162,654 $ 317,990 $ 569,528 $ 937,870
Product Sales [Member]        
Revenues:        
Total Revenues 556,859 319,254 2,608,636 704,472
Network Fees [Member]        
Revenues:        
Total Revenues 100,298 80,116 227,128 230,945
Warranty [Member]        
Revenues:        
Total Revenues 13,950 8,400 30,429 44,192
Grant and Rebate [Member]        
Revenues:        
Total Revenues 2,580 4,578 11,071 17,817
Other [Member]        
Revenues:        
Total Revenues 69,119 34,148 330,142 122,408
Cost of Charging Services [Member]        
Cost of Revenues:        
Total Cost of Revenues 120,280 47,427 185,768 114,439
Host Provider Fees [Member]        
Cost of Revenues:        
Total Cost of Revenues 36,852 110,628 150,367 273,704
Cost of Product Sales [Member]        
Cost of Revenues:        
Total Cost of Revenues 34,925 246,071 1,426,801 547,191
Network Costs [Member]        
Cost of Revenues:        
Total Cost of Revenues 106,387 48,097 464,009 211,623
Warranty and Repairs and Maintenance [Member]        
Cost of Revenues:        
Total Cost of Revenues 104,690 152,218 237,333 324,633
Depreciation and Amortization [Member]        
Cost of Revenues:        
Total Cost of Revenues $ 135,691 $ 38,798 $ 223,419 $ 96,365