SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2023 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT |
Property
and equipment is stated at cost, net of accumulated depreciation and amortization which is recorded commencing at the in-service date
using the straight-line method over the estimated useful lives of the assets.
SCHEDULE
OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT
| |
|
Useful Lives |
|
| Asset |
|
(In Years) |
|
| |
|
|
|
| Computer software and office and computer equipment |
|
|
3 - 5
|
|
| Machinery and equipment, automobiles, furniture and fixtures |
|
|
3 - 10
|
|
| Installed Level 2 electric vehicle charging stations |
|
|
3 - 7
|
|
| Installed Level 3 (DC Fast Chargers (“DCFC”)) electric vehicle charging stations |
|
|
5 |
|
| Buildings |
|
|
39 |
|
|
| SCHEDULE OF REVENUE RECOGNITION BY CONTRACT |
The
following table summarizes our revenue recognized in the consolidated statements of operations:
SCHEDULE
OF REVENUE RECOGNITION BY CONTRACT
| |
|
2023 |
|
|
2022 |
|
|
2021 |
|
| |
|
For The Years Ended |
|
| |
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
|
2021 |
|
| Revenues - Recognized at a Point in Time |
|
|
|
|
|
|
|
|
|
|
|
|
| Product sales |
|
$ |
109,416 |
|
|
$ |
46,018 |
|
|
$ |
15,480 |
|
| Charging service revenue - company-owned charging stations |
|
|
15,646 |
|
|
|
6,866 |
|
|
|
2,978 |
|
| Other |
|
|
1,026 |
|
|
|
1,393 |
|
|
|
426 |
|
| Total Revenues - Recognized at a Point in Time |
|
|
126,088 |
|
|
|
54,277 |
|
|
|
18,884 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - Recognized Over a Period of Time: |
|
|
|
|
|
|
|
|
|
|
|
|
| Network and other fees |
|
|
10,739 |
|
|
|
5,298 |
|
|
|
887 |
|
| Total Revenues - Recognized Over a Period of Time |
|
|
10,739 |
|
|
|
5,298 |
|
|
|
887 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues- Other |
|
|
|
|
|
|
|
|
|
|
|
|
| Ride-sharing services |
|
|
3,302 |
|
|
|
1,268 |
|
|
|
769 |
|
| Grant and fees rebate |
|
|
469 |
|
|
|
296 |
|
|
|
400 |
|
| Total Revenues - Other |
|
|
3,771 |
|
|
|
1,564 |
|
|
|
1,169 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenue |
|
$ |
140,598 |
|
|
$ |
61,139 |
|
|
$ |
20,940 |
|
|
| SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA |
The
following table summarizes our revenue recognized in the consolidated statements of operations by geographical area:
SCHEDULE
OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA
| |
|
2023 |
|
|
2022 |
|
|
2021 |
|
| |
|
For The Years Ended |
|
| |
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
|
2021 |
|
| Revenues by Geographical Area |
|
|
|
|
|
|
|
|
|
|
|
|
| U.S.A |
|
$ |
104,714 |
|
|
$ |
40,828 |
|
|
$ |
10,978 |
|
| International |
|
|
35,884 |
|
|
|
20,311 |
|
|
|
9,962 |
|
| Total Revenue |
|
$ |
140,598 |
|
|
$ |
61,139 |
|
|
$ |
20,940 |
|
|
| 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:
SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
|
2021 |
|
| Warrants |
|
|
1,150,152 |
|
|
|
1,592,203 |
|
|
|
3,274,800 |
|
| Options |
|
|
982,844 |
|
|
|
1,060,535 |
|
|
|
983,505 |
|
| Unvested restricted common stock |
|
|
- |
|
|
|
- |
|
|
|
50,831 |
|
| Total potentially dilutive shares |
|
|
2,132,996 |
|
|
|
2,652,738 |
|
|
|
4,309,136 |
|
|