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Subsequent Events
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6 Months Ended | ||
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Jun. 30, 2012
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| Subsequent Events [Abstract] | |||
| SUBSEQUENT EVENTS |
The Company has evaluated all events that occurred after the balance sheet date through the date these condensed consolidated financial statements were issued.
On July 16, 2012, the Company announced that it has entered into a term sheet to acquire 350Green LLC, an owner and operator of EV charging stations throughout the United States. The deal is subject to the negotiation of the final terms of the definitive agreement and regulatory approval, and is anticipated to close between thirty and seventy-five days after the definitive agreement is signed.
In July 2012, the Company issued 100,000 shares of common stock at $1.30 per share for consulting and equity funding services rendered through June 30, 2012 which are included in accounts payable and accrued expenses as of June 30, 2012. |