Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash $ 194,299 $ 373,868
Prepaid expenses and other current assets 218,687 78,004
Total current assets 412,986 451,872
OTHER ASSETS:    
Deposits 33,894 69,696
EV Charging Stations (net of accumulated depreciation of $52,264 and $11,242, respectively) 314,404 216,616
Office and computer equipment (net of accumulated depreciation of $9,955 and $5,373, respectively) 40,713 30,995
Total other assets 389,011 317,307
TOTAL ASSETS 801,997 769,179
Current Liabilities:    
Accounts payable and accrued expenses 171,657 104,432
Accrued interest 2,835 7,268
Current maturities of Convertible notes payable, net of discount of $ 1,688 and $15,614, respectively 25,313 69,387
Total current liabilities 199,805 181,087
Derivative liabilities 189,702 3,467,864
Total liabilities 389,507 3,648,951
Stockholders Deficit    
Series A Convertible Preferred stock: $0.001 par value; 20,000,000 shares authorized and designated as Series A; 10,000,000 shares issued and outstanding 10,000 10,000
Common stock: $0.001 par value; 500,000,000 shares authorized; 25,543,405 and 1,796,817 shares issued and outstanding, respectively 25,543 1,797
Additional paid-in capital 11,246,950 9,619,173
(Deficit) Accumulated in Development Stage (10,870,003) (12,510,742)
Total Stockholders Deficit 412,490 (2,879,772)
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT $ 801,997 $ 769,179