Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.8
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Revenue:    
Service fees $ 327,971 $ 16,743
Grant and rebate revenue 90,796 5,595
Sales 47,636 235,726
TOTAL REVENUE 466,403 258,064
Costs:    
Cost of Services 744,696 5,036
Depreciation and amortization 2,505,780   
Cost of sales 36,196 194,056
TOTAL COSTS 3,286,672 199,092
GROSS PROFIT (LOSS) (2,820,269) 58,972
Operating expenses:    
Compensation 11,025,966 2,367,313
Other operating expenses 1,062,067 547,353
General and administrative 4,477,074 2,321,197
TOTAL OPERATING EXPENSES 16,565,107 5,235,863
LOSS FROM OPERATIONS (19,385,376) (5,176,891)
Other income (expense):    
Interest expense, net (73,958) (9,278)
Amortization of discount on convertible debt (173,484) (103,441)
Loss on settlement of accounts payable for common stock (47,856)   
Induced debt conversion expense (687,286)   
Loss on retirement and transfer of charging station (57,333)   
Provision for warrant liability (1,480,000)   
Impairment of intangible assets (606,685)   
Financing agreement settlement expense (3,420,000)   
Gain on change in fair value of derivative warrant liability and warrants payable 1,794,693   
TOTAL OTHER INCOME (EXPENSE) (4,751,909) (112,719)
Loss before income taxes (24,137,285) (5,289,610)
Income tax provision      
NET LOSS (24,137,285) (5,289,610)
Deemed dividend to Series B shareholder upon conversion to common stock and warrants (2,831,830)   
Net loss attributable to common shareholders $ (26,969,115) $ (5,289,610)
Net loss per common share - basic & diluted $ (0.49) $ (0.13)
Weighted average number of common shares outstanding - basic and diluted 54,945,088 40,332,688