Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Sep. 30, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 19,963 $ 406,859
Advanced commissions 274,250 172,250
Deposits    6,444
Prepaid expenses and other current assets 389,936 157,258
Total current assets 684,149 742,811
FIXED ASSETS    
Automobiles, net of accumulated depreciation of $9,558 and $0, respectively 105,135   
EV charging stations, net of accumulated depreciation of $283,882 and $129,554, respectively 974,341 544,898
Office and computer equipment, net of accumulated depreciation of $23,544 and $14,810, respectively 39,777 35,857
Total fixed assets, net 1,119,253 580,755
DEPOSITS 42,265   
OTHER ASSETS 29,236   
TOTAL ASSETS 1,874,903 1,323,566
CURRENT LIABILITIES    
Accounts payable and accrued expenses 571,003 365,113
Accrued interest- related party    40
Convertible note, net of discount of $58,500 and $0 respectively 6,500   
Convertible notes-related party, net of discount of $0 and $0, respectively    3,750
Current portion of note payable 11,960   
Current portion of deferred rent 8,814   
Total current liabilities 598,277 368,903
DEFERRED RENT 23,259   
NOTE PAYABLE 47,917   
TOTAL LIABILITIES 669,453 368,903
STOCKHOLDERS' EQUITY    
Common Stock, 500,000,000 shares authorized at $0.001 par value; 41,317,868 and 37,384,414 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively 41,318 37,384
Additional paid-in capital 18,401,500 15,557,096
Deficit accumulated during development stage (17,248,368) (13,650,817)
Stock subscription receivable    (999,000)
TOTAL STOCKHOLDERS' EQUITY 1,205,450 954,663
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,874,903 1,323,566
Series A
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock 10,000 10,000
Series B
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock $ 1,000