Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues:    
Total Revenues $ 6,230,231 $ 2,759,190
Cost of Revenues:    
Total Cost of Revenues 4,713,921 2,366,779
Gross Profit 1,516,310 392,411
Operating Expenses:    
Compensation 12,718,284 6,750,753
General and administrative expenses 4,047,125 1,916,817
Other operating expenses 2,565,525 2,196,784
Total Operating Expenses 19,330,934 10,864,354
Loss From Operations (17,814,624) (10,471,943)
Other Income (Expense):    
Interest income, net 16,442 73,158
Loss on settlement of debt 310,000
Gain on settlement of accounts payable, net 22,266 273,667
Change in fair value of derivative and other accrued liabilities (173,132) (65,104)
Other income 102,581 231,722
Total Other Income (31,843) 823,443
Net Loss $ (17,846,467) $ (9,648,500)
Net Loss Per Share:    
Basic $ (0.59) $ (0.37)
Diluted $ (0.59) $ (0.37)
Weighted Average Number of Common Shares Outstanding:    
Basic 30,045,095 26,237,486
Diluted 30,045,095 26,237,486
Charging Service Revenue [Member]    
Revenues:    
Total Revenues $ 772,540 $ 1,359,218
Product Sales [Member]    
Revenues:    
Total Revenues 4,432,423 856,243
Network Fees [Member]    
Revenues:    
Total Revenues 344,819 301,627
Warranty [Member]    
Revenues:    
Total Revenues 129,109 52,996
Grant and Rebate [Member]    
Revenues:    
Total Revenues 21,558 22,396
Other [Member]    
Revenues:    
Total Revenues 529,782 166,710
Cost of Charging Services [Member]    
Cost of Revenues:    
Total Cost of Revenues 397,377 151,479
Host Provider Fees [Member]    
Cost of Revenues:    
Total Cost of Revenues 265,272 420,075
Cost of Product Sales [Member]    
Cost of Revenues:    
Total Cost of Revenues 2,859,559 961,192
Network Costs [Member]    
Cost of Revenues:    
Total Cost of Revenues 515,953 255,339
Warranty and Repairs and Maintenance [Member]    
Cost of Revenues:    
Total Cost of Revenues 330,742 450,765
Depreciation and Amortization [Member]    
Cost of Revenues:    
Total Cost of Revenues $ 345,018 $ 127,929