Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 1,020,189 $ 13,416
Advanced commissions 319,250 300,750
Prepaid expenses and other current assets 792,091 357,312
Total current assets 2,131,530 671,478
FIXED ASSETS    
EV charging stations, net of accumulated depreciation of $614,579 and $363,918, respectively 2,181,431 960,234
Automobiles, net of accumulated depreciation of $21,027 and $15,292 respectively 93,666 99,400
Office and computer equipment, net of accumulated depreciation of $50,399 and $26,604, respectively 45,746 36,717
Total fixed assets, net 2,320,843 1,096,351
DEPOSITS 42,265 42,265
INTANGIBLE ASSETS 1,460,094   
GOODWILL 1,271,871   
OTHER ASSETS 439,580 232,727
TOTAL ASSETS 7,666,183 2,042,821
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,237,720 547,874
Accrued interest- related party    5
Convertible note payable-related party, net of discount of $0 and $4,918    82
Convertible note, net of discount of $8,791 and $168,567 respectively 141,209 122,433
Warrants payable 135,000   
Current portion of deferred revenue 85,236 19,996
Current portion of deferred rent 10,647 9,731
Current portion of notes payable 483,402 12,105
Total current liabilities 2,093,214 712,226
DEFERRED REVENUE 747,038 34,747
DEFERRED RENT 17,630 20,445
NOTE PAYABLE 41,717 44,836
TOTAL LIABILITIES 2,899,599 812,254
STOCKHOLDERS' EQUITY    
Common Stock, 500,000,000 shares authorized at $0.001 par value; 49,419,424 and 42,434,705 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively 49,419 42,435
Additional paid-in capital 25,869,653 20,117,559
Deficit accumulated during development stage (21,163,488) (18,940,427)
TOTAL STOCKHOLDERS' EQUITY 4,766,584 1,230,567
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,666,183 2,042,821
Series A
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock 10,000 10,000
Series B
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock $ 1,000 $ 1,000