Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 728,959 $ 406,859
Advanced commissions 249,250 172,250
Deposits   6,444
Prepaid expenses and other current assets 105,873 157,258
Total current assets 1,084,082 742,811
FIXED ASSETS    
Automobiles, net of accumulated depreciation of $3,823 and $0, respectively 110,870  
EV charging stations, net of accumulated depreciation of $212,938 and $129,554, respectively 898,668 544,898
Office and computer equipment, net of accumulated depreciation of $20,483 and $14,810, respectively 39,323 35,857
Total fixed assets 1,048,861 580,755
DEPOSITS 42,265  
OTHER ASSETS 31,500  
TOTAL ASSETS 2,206,708 1,323,566
CURRENT LIABILITIES    
Accounts payable and accrued expenses 465,613 365,113
Accrued interest- related party   40
Convertible notes-related party, net of discount of $0 and $0, respectively   3,750
Current portion of note payable 11,817  
Current portion of deferred rent 7,898  
Total current liabilities 485,328 368,903
DEFERRED RENT 26,074  
NOTE PAYABLE 50,961  
TOTAL LIABILITIES 562,363 368,903
STOCKHOLDERS' EQUITY    
Common Stock, 500,000,000 shares authorized at $0.001 par value; 40,805,780 and 37,384,414 shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively 40,806 37,384
Additional paid-in capital 17,674,378 15,557,096
Deficit accumulated during development stage (16,081,839) (13,650,817)
Stock subscription receivable   (999,000)
TOTAL STOCKHOLDERS' EQUITY 1,644,345 954,663
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,206,708 1,323,566
Series A
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock 10,000 10,000
Series B
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock $ 1,000