Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| Accounting Policies [Abstract] |
|
| Summary of Investments |
The following summarizes the Company’s
investments as of September 30, 2020 and December 31, 2019:
| |
|
September 30, 2020 |
|
|
December 31, 2019 |
|
| |
|
|
|
|
|
|
| Short-term investments: |
|
|
|
|
|
|
|
|
| Available- for-sale investments |
|
$ |
- |
|
|
$ |
2,956,989 |
|
|
| 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 September 30, 2020 and December 31, 2019:
| |
|
September 30, 2020 |
|
| |
|
|
Amortized Cost |
|
|
|
Gross Unrealized Gains |
|
|
|
Gross Unrealized Losses |
|
|
|
Fair Value |
|
| Fixed income |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
| |
|
December 31, 2019 |
|
| |
|
Amortized Cost |
|
|
Gross Unrealized Gains |
|
|
Gross Unrealized Losses |
|
|
Fair Value |
|
| Fixed income |
|
$ |
2,773,816 |
|
|
$ |
183,173 |
|
|
$ |
- |
|
|
$ |
2,956,989 |
|
|
| Schedule of Revenue Recognition by Contract |
The following table summarizes revenue recognized
under ASC 606 in the condensed consolidated statements of operations:
| |
|
For The Three Months Ended |
|
|
For The Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - Recognized at a Point in Time: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Charging service revenue - company-owned charging stations |
|
$ |
162,654 |
|
|
$ |
317,990 |
|
|
$ |
569,528 |
|
|
$ |
937,870 |
|
| Product sales |
|
|
556,859 |
|
|
|
319,254 |
|
|
|
2,608,636 |
|
|
|
704,472 |
|
| Other |
|
|
69,119 |
|
|
|
34,148 |
|
|
|
330,142 |
|
|
|
122,408 |
|
| Total Revenues - Recognized at a Point in Time |
|
|
788,632 |
|
|
|
671,392 |
|
|
|
3,508,306 |
|
|
|
1,764,750 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - Recognized Over a Period of Time: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Network and other fees |
|
|
114,248 |
|
|
|
88,516 |
|
|
|
257,557 |
|
|
|
275,137 |
|
| Total Revenues - Recognized Over a Period of Time |
|
|
114,248 |
|
|
|
88,516 |
|
|
|
257,557 |
|
|
|
275,137 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenue Under ASC 606 |
|
$ |
902,880 |
|
|
$ |
759,908 |
|
|
$ |
3,765,863 |
|
|
$ |
2,039,887 |
|
|
| 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 and Nine Months Ended |
|
| |
|
September 30, |
|
| |
|
2020 |
|
|
2019 |
|
| Convertible preferred stock |
|
|
- |
|
|
|
1,642,628 |
|
| Warrants |
|
|
7,143,360 |
|
|
|
6,840,049 |
|
| Options |
|
|
647,218 |
|
|
|
128,008 |
|
| Unvested restricted common stock |
|
|
103,713 |
|
|
|
- |
|
| Total potentially dilutive shares |
|
|
7,894,291 |
|
|
|
8,610,685 |
|
|