Annual report pursuant to section 13 and 15(d)

Acquisitions (Tables)

v2.4.0.8
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  
Property and equipment
    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
)