Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Summary of Investments

The following summarizes the Company’s investments as of March 31, 2021 and December 31, 2020:

 

    March 31, 2021     December 31, 2020  
             
Short-term investments:                
Available- for-sale investments   $ 36,506,174     $ -  
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 March 31, 2021:

 

    March 31, 2021  
    Amortized Cost     Gross Unrealized Gains     Gross Unrealized Losses     Fair Value  
Fixed income   $ 36,562,212     $ -     $ (56,038 )   $ 36,506,174  
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  
    March 31,  
    2021     2020  
             
Revenues - Recognized at a Point in Time:                
Charging service revenue - company-owned charging stations   $ 181,598     $ 319,624  
Product sales     1,670,594       777,423  
Other     61,050       133,619  
Total Revenues - Recognized at a Point in Time     1,913,242       1,230,666  
                 
Revenues - Recognized Over a Period of Time:                
Ride-sharing services     45,512       -  
Network and other fees     123,073       63,619  
Total Revenues - Recognized Over a Period of Time     168,585       63,619  
                 
Total Revenue Under ASC 606   $ 2,081,827     $ 1,294,285  
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 Months Ended  
    March 31,  
    2021     2020  
Warrants     3,510,129       6,840,049  
Options     644,987       382,844  
Unvested restricted common stock     48,819       110,160  
Total potentially dilutive shares     4,203,935       7,333,053