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

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (24,137,285) $ (5,289,610)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,687,012 268,499
Amortization of discount on convertible notes payable 173,484 103,441
Gain on change in fair value of derivative liability (1,794,693)   
Warrants and options issued for compensation and services 8,022,996 843,899
Common stock and warrants issued for services and incentive fees 2,778,144 1,565,625
Provision for loss on advanced commissions 385,750   
Loss on settlement of accounts payable for common stock 47,856   
Provision for warrant liability 1,480,000   
Impairment of intangible assets 606,685   
Debt conversion expense 687,286   
Return of common stock due to arbitration (450,000)   
Financing Agreement Settlement Expense 3,420,000   
Loss on retirement and transfer of charging station 57,333   
Changes in operating assets and liabilities:    
Accounts receivable (195,076)   
Inventory 279,841   
Advanced commissions (105,000) (128,500)
Deposits (10) (35,821)
Prepaid expenses and other current assets (127,637) 92,403
Other assets 88,811 (39,295)
Accounts payable and accrued expenses 1,478,954 182,834
Deferred rent (9,731) 30,176
Deferred revenue 835,743 54,743
Accrued interest-related party (5) (35)
Net Cash Used in Operating Activities (3,789,542) (2,351,641)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of accounts receivable (163,292)   
Purchase of office and computer equipment (2,867) (12,653)
Purchase of automobile    (50,000)
Purchase of electric charging stations (1,138,222) (649,700)
Cash paid for acquisitions, net of $34,393 of cash acquired (3,325,607)   
Net Cash Used in Investing Activities (4,629,988) (712,353)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from notes payable 442,000 296,000
Proceeds from sale of preferred stock    900,000
Sale of common stock, net of issuance costs 17,265,509 1,482,303
Payment of notes and convertible notes payable (1,464,056) (7,752)
Net Cash Provided by Financing Activities 16,243,453 2,670,551
NET INCREASE (DECREASE) IN CASH 7,823,923 (393,443)
CASH AT THE BEGINNING OF PERIOD 13,416 406,859
CASH AT END OF PERIOD 7,837,339 13,416
Cash Paid For:    
Interest expenses 42,776 2,035
Income taxes      
NONCASH INVESTING AND FINANCING ACTIVITIES    
Common stock issued for debt and accrued interest    3,823
Beneficial conversion feature of notes payable and related warrants issued    276,926
Common stock issued for settlement of accounts payable 37,534   
Conversion of preferred shares into common shares and warrants 1,000   
Issuance of warrants to placement agents 2,535,172 273,697
Conversion of notes payable into common stock and warrants 165,205   
Note payable for purchase of automobile    64,693
Purchase of software development for common stock 150,000   
Registration rights penalty 1,543,000   
Purchase of accounts receivable for common stock 127,941   
Retirement of reacquired stock 450,000   
Deemed dividend on Series B Preferred shares 2,831,830   
Issuance of common stock for acquisitions 3,157,272   
Issuance of notes payable for acquisitions 980,918   
Issuance of warrants in conjunction with sale of common stock considered to be derivative liabilities $ (11,042,057)