Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash $ 48,111 $ 373,868
Accounts receivable 562 0
Prepaid expenses and other current assets 165,250 78,004
Total current assets 213,923 451,872
OTHER ASSETS:    
Deposits 39,088 69,696
EV Charging Stations (net of accumulated depreciation of $88,722 and $11,242, respectively) 310,456 216,616
Office and computer equipment (net of accumulated depreciation of $12,382 and $5,373, respectively) 38,285 30,995
Total other assets 387,829 317,307
TOTAL ASSETS 601,752 769,179
Current Liabilities:    
Accounts payable and accrued expenses 210,153 104,432
Accrued interest 5,169 7,268
Short-term notes, net of discount of $ 19,944 and $ 0, respectively 200,056 0
Current maturities of Convertible notes payable, net of discount of $ 0 and $15,614, respectively 3,750 69,387
Total current liabilities 419,128 181,087
Derivative liabilities 116,072 3,467,864
Total liabilities 535,200 3,648,951
Stockholders' Equity (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; 35,293,405 and 1,796,817 shares issued and outstanding, respectively 35,293 1,797
Additional paid-in capital 12,460,194 9,619,173
Deficit Accumulated in the Development Stage (12,438,935) (12,510,742)
Total Stockholders’ Equity (Deficit) 66,552 (2,879,772)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ( DEFICIT) $ 601,752 $ 769,179