General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 9 Months Ended 12 Months Ended 40 Months Ended 49 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:            
Net loss $ (15,800,437) $ (3,597,551) $ (5,289,610) $ (1,140,075) $ (18,940,427) $ (34,740,864)
Adjustments to reconcile net loss to net cash used in operating activities:            
Depreciation and amortization 1,401,014 174,387 268,499 133,371 418,485 1,819,499
Amortization of discount on convertible notes payable 126,783 5,318 103,441 36,365 173,607 266,609
Loss on common stock issued in exchange for extinguishment of warrants          485,000 485,000 485,000
Gain on change in fair value of derivative liability          (3,488,615) (245,217) (245,217)
Non-cash compensation              
Common stock issued for services and incentive fees 2,281,905 1,141,183 1,565,625 1,872,820 10,896,458 13,178,363
Warrants and options issued for services and incentive fees 7,910,076 379,514 843,899    843,899 8,753,975
Provision for loss on advanced commissions 350,000          350,000
Loss on settlement of accounts payable for stock 47,856          47,856
Loss on repayment of convertible notes payable 46,701          46,701
Provision for warrant liability 309,000          309,000
Debt conversion expense 687,286          687,286
Return of common due to arbitration (371,250)          (371,250)
Changes in operating assets and liabilities:            
Inventory             (72,768) (72,768)
Advanced commissions (68,250) (102,000) (128,500) (92,250) (300,750) (369,000)
Deposits (10) (35,821) (35,821) (8,440) (33,957) (33,967)
Prepaid expenses and other current assets (66,411) (232,678) 92,403 (81,602) (67,203) (133,614)
Other assets 21,836 (31,003)       16,323
Accounts payable and accrued expenses 1,079,058 205,963 182,834 285,681 572,910 1,651,968
Deferred rent (6,916) 32,073 30,176    30,176 23,260
Deferred revenue 833,153    54,743    54,743 887,896
Accrued interest-related party (5) (40) (35) (2,748) 4,485 4,480
Net Cash Used in Operating Activities (1,218,611) (2,060,655) (2,312,346) (2,000,493) (6,180,559) (7,438,465)
CASH FLOWS FROM INVESTING ACTIVITIES:            
Purchase of accounts receivable (163,292)             (163,292)
Purchase of office and computer equipment (1,177) (12,654) (12,653) (14,300) (63,321) (64,498)
Purchase of automobile    (50,000) (50,000)    (50,000) (50,000)
Purchase of EV stations (967,281) (583,771) (649,700) (452,215) (1,257,005) (2,224,286)
Cash from acquisitions in excess of amount paid 9,345             9,345
Purchase of other assets     (39,295)    (39,295)  
Net Cash Used in Investing Activities (1,122,405) (646,425) (751,648) (466,515) (1,409,621) (2,492,731)
CASH FLOWS FROM FINANCING ACTIVITIES:            
Proceeds from issuance of notes payable 145,000 65,000 296,000    396,000 541,000
Proceeds from sale of preferred stock    900,000 900,000    900,000 900,000
Sale of common stock, net of issuance costs 2,964,695 1,360,000 1,482,303 2,499,999 6,315,348 9,280,043
Payment of notes payable       (7,752)    (7,752)   
Payment of notes and convertible notes payable (725,029) (4,816)          (732,781)
Net Cash Provided by Financing Activities 2,384,666 2,320,184 2,670,551 2,499,999 7,603,596 9,988,262
NET INCREASE (DECREASE) IN CASH 43,650 (386,896) (393,443) 32,991 13,416 57,066
CASH AT THE BEGINNING OF PERIOD 13,416 406,859 406,859 373,868      
CASH AT END OF PERIOD 57,066 19,963 13,416 406,859 13,416 57,066
Cash Paid For:            
Interest expenses 362,013 1,263 2,035    2,035 38,248
Income taxes                  
NONCASH INVESTING AND FINANCING ACTIVITIES            
Common stock issued for debt and accrued interest 852,491 3,823 3,823 6,000 577,695 1,530,877
Beneficial conversion feature of notes payable and related warrants issued    63,818 276,926    276,926 276,926
Inventory reclassified to electric car charging stations             72,768 72,768
Conversion of preferred shares into common shares and warrants 1,500          1,500
Issuance of warrants in consideration of equity investment 1,195,888 273,697 273,697    273,697 1,469,585
Debt and accrued interest converted to common stock          85,691 100,691   
Conversion of notes payable into common stock and warrants 165,205          165,205
Common stock issued for settlement of accounts payable 213,331       25,000 25,000 238,331
Note payable for purchase of automobile    64,693 64,693    64,693 64,693
Purchase of software development for common stock 150,000          150,000
Purchase of accounts receivable for common stock 127,941          127,941
Acquisition of treasury stock at cost (450,000)          450,000
Issuance of common stock for acquisition 3,157,272          3,750,000
Issuance of note payable for acquisition $ 1,005,918          $ 1,005,918