|
Acquisitions (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Business Acquisition [Line Items] |
|
| Summary of revenues and net loss of Car Charging Group, Inc. and the three acquisitions |
The revenues and net loss of the acquirees from the dates of their respective acquisition dates through December 31, 2013 included in the consolidated statements of operations is as follows:
| |
|
Car Charging
Group, Inc.
|
|
|
Beam
Charging
LLC
|
|
|
350 Green
LLC
|
|
|
Blink
Network
LLC
|
|
|
Total
|
|
Revenue |
|
$ |
154,385 |
|
|
$ |
56,902 |
|
|
$ |
50,795 |
|
|
$ |
204,321 |
|
|
$ |
466,403 |
|
Net Loss |
|
$ |
(19,265,774 |
) |
|
$ |
(1,592,859 |
) |
|
$ |
(1,487,198 |
) |
|
$ |
(1,791,454 |
) |
|
$ |
(24,137,285 |
) |
The unaudited pro forma revenues and net loss of Car Charging Group, Inc. and the acquirees for the year ended December 31, 2013 as if the acquisitions occurred as of January 1, 2013, is as follows:
| |
|
Car Charging
Group, Inc.
|
|
|
Beam
Charging
LLC
|
|
|
350 Green
LLC
|
|
|
Blink
Network
LLC
|
|
|
Total
|
|
Revenue |
|
$ |
154,385 |
|
|
$ |
57,662 |
|
|
$ |
190,907 |
|
|
$ |
24,272,000 |
|
|
$ |
24,674,954 |
|
Net Loss |
|
$ |
(19,265,774 |
) |
|
$ |
(1,629,770 |
) |
|
$ |
(1,981,547 |
) |
|
$ |
(18,719,000 |
) |
|
$ |
(41,596,091 |
) |
The unaudited pro forma revenues and net loss of Car Charging Group, Inc. and the acquirees as if the acquisitions occurred as of January 1, 2012 and for the year ended December 31, 2012 is as follows:
| |
|
Car Charging
Group, Inc.
|
|
|
Beam
Charging
LLC
|
|
|
350 Green
LLC
|
|
|
Blink
Network
LLC
|
|
|
Total
|
|
Revenue |
|
$ |
258,064 |
|
|
$ |
777 |
|
|
$ |
531,179 |
|
|
$ |
42,815,000 |
|
|
$ |
43,605,020 |
|
Net Loss |
|
$ |
(5,289,610 |
) |
|
$ |
(206,458 |
) |
|
$ |
(2,513,075 |
) |
|
$ |
(1,525,000 |
) |
|
$ |
(9,534,143 |
) |
|
|
Beam Acquisition [Member]
|
|
| Business Acquisition [Line Items] |
|
| Summary the preliminary fair value of assets acquired and liabilities assumed |
| |
|
February 26,
2013
|
|
Cash |
|
$ |
69 |
|
|
|
|
489,469 |
|
Amortizable intangible assets |
|
|
638,000 |
|
Current liabilities assumed |
|
|
(622,701 |
) |
Net identifiable assets |
|
|
504,837 |
|
Goodwill |
|
|
1,601,882 |
|
Total consideration given |
|
$ |
2,106,719 |
|
|
|
Car Charging Group Inc [Member]
|
|
| Business Acquisition [Line Items] |
|
| Summary the preliminary fair value of assets acquired and liabilities assumed |
| |
|
April 3,
2013
|
|
Intangible assets |
|
|
891,946 |
|
Net identifiable assets |
|
|
891,946 |
|
Consideration given |
|
$ |
891,946 |
|
|
| Schedule of fair value of intangible assets pending finalization of a third party valuation |
| |
|
April 3,
2013
|
|
Awarded government grant for the installation of EV charging stations |
|
$ |
285,261 |
|
Trademark |
|
|
300,000 |
|
Provider agreements for locations awaiting charging station installation |
|
|
156,685 |
|
Present value of EV charging stations to be acquired in 2016 |
|
|
150,000 |
|
Total purchase price paid |
|
$ |
891,946 |
|
|
|
350 Green Acquisition [Member]
|
|
| Business Acquisition [Line Items] |
|
| Summary the preliminary fair value of assets acquired and liabilities assumed |
| |
|
April 22,
2013
|
|
Cash |
|
$ |
33,672 |
|
Property and equipment |
|
|
2,598,208 |
|
Current liabilities assumed |
|
|
(4,766,734 |
) |
Net liabilities assumed |
|
|
(2,134,854 |
) |
Goodwill |
|
|
3,299,379 |
|
Consideration given |
|
$ |
1,164,525 |
|
|
| Schedule of condensed pro forma balance sheet |
Property and equipment |
|
$ |
1,286,071 |
|
Accounts payable and accrued expenses |
|
|
(1,617,041 |
) |
Deferred revenue |
|
|
(798,498 |
) |
Net liabilities assumed by JNS |
|
$ |
(1,129,468 |
) |
|
|
Blink Network [Member]
|
|
| Business Acquisition [Line Items] |
|
| Schedule of condensed pro forma balance sheet |
| |
|
October 16,
2013
|
|
Accounts receivable |
|
$ |
29,073 |
|
Inventory |
|
|
1,396,938 |
|
Intangible assets (patents and trademarks) |
|
|
150,242 |
|
Property and equipment |
|
|
4,823,893 |
|
Accounts payable and accrued expenses |
|
|
(3,065,146 |
) |
Net assets acquired |
|
|
3,335,000 |
|
Consideration paid |
|
$ |
(3,335,000 |
) |
|