Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 4,904,327 $ 7,837,339
Restricted cash 450,046   
Accounts receivable and other receivables net of allowance for doubtful accounts of $0 and $0, respectively 464,059 216,003
Inventory 1,692,190 1,441,792
Advanced commissions, net of an allowance of $428,000 and $385,750, respectively 5,000 20,000
Prepaid expenses and other current assets 410,531 271,675
Total current assets 7,926,153 9,786,809
FIXED ASSETS    
EV charging stations, net of accumulated depreciation of $3,151,976 and $2,433,487, respectively 6,521,857 7,015,237
Software, net of accumulated amortization of $92,410 and $65,515, respectively 233,925 260,820
Automobiles, net of accumulated depreciation of $50,330 and $39,662 respectively 219,585 93,089
Office and computer equipment, net of accumulated depreciation of $52,678 and $43,383, respectively 45,727 55,022
Machinery and equipment, net of accumulated depreciation of $13,444 and $10,465, respectively 58,065 61,044
Total fixed assets, net 7,079,159 7,485,212
DEPOSITS 45,821 42,275
INTANGIBLE ASSETS, net of accumulated amortization of $361,662 and $109,854 711,840 963,648
GOODWILL 4,901,261 4,901,261
OTHER ASSETS 87,261 290,887
TOTAL ASSETS 20,751,495 23,470,092
CURRENT LIABILITIES    
Current portion of notes payable 511,963 439,739
Accounts payable 5,238,480 5,328,419
Accrued expenses 6,816,285 6,357,684
Warrants payable 722,600 1,216,000
Derivative warrant liability 9,720,399 9,511,364
Deferred revenue 491,183 212,094
Deferred rent 15,005 13,881
Total current liabilities 23,515,915 23,079,181
DEFERRED REVENUE, net of current portion 824,418 678,392
DEFERRED RENT, net of current portion 2,626 6,564
NOTES PAYABLE, net of current portion 28,861 129,202
TOTAL LIABILITIES 24,371,820 23,893,339
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' DEFICIT    
Series A Convertible Preferred Stock, $0.001 par value; 10,000,000 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 10,000 10,000
Common Stock, 500,000,000 shares authorized at $0.001 par value; 77,697,633 and 77,124,833 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively 77,698 77,125
Additional paid-in capital 46,060,436 45,399,170
Accumulated deficit (49,768,459) (45,909,542)
TOTAL STOCKHOLDERS' DEFICIT (3,620,325) (423,247)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 20,751,495 $ 23,470,092