Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

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Prepaid Expenses and Other Current Assets
9 Months Ended
Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets
4. PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

As of September 30, 2020, prepaid expenses and other current assets primarily consisted of alternative fuel credits of $164,647. As of December 31, 2019, alternative fuel credits were $476,992.

 

As of September 30, 2020 and December 31, 2019, the Company had a remaining purchase commitment of $3,263,440 and $3,156,629, respectively, which will become payable upon the supplier’s delivery of the charging stations. The purchase commitments were made primarily for future sales and deployments of these charging stations.