| Schedule of Consolidated Statements of Operations |
The following amounts pertaining to
350 Green are included in the consolidated statements of operations for the years ended December 31, 2015 and 2014:
| |
|
For The Year Ended
December 31, 2015
|
|
|
For The Period From
April 17, 2014 to
December 31, 2014
|
|
| |
|
|
|
|
|
|
| Revenues |
|
$ |
- |
|
|
$ |
2,723 |
|
| |
|
|
|
|
|
|
|
|
| Cost of Revenues |
|
|
(209,086 |
) |
|
|
97,988 |
|
| |
|
|
|
|
|
|
|
|
| Gross Profit (Loss) |
|
|
209,086 |
|
|
|
(95,265 |
) |
| |
|
|
|
|
|
|
|
|
| Operating Expenses: |
|
|
|
|
|
|
|
|
| Other operating expenses |
|
|
- |
|
|
|
254,036 |
|
| General and administrative expenses |
|
|
25,114 |
|
|
|
166,273 |
|
| Loss on sale/replacement of EV charging stations |
|
|
- |
|
|
|
48,427 |
|
| Total Operating Expenses |
|
|
25,114 |
|
|
|
468,736 |
|
| |
|
|
|
|
|
|
|
|
| Income (Loss) From Operations |
|
|
183,972 |
|
|
|
(564,001 |
) |
| |
|
|
|
|
|
|
|
|
| Other Income (Expense): |
|
|
|
|
|
|
|
|
| Interest income |
|
|
6,352 |
|
|
|
32,699 |
|
| Gain on settlement of accounts payable |
|
|
155,770 |
|
|
|
- |
|
| Gain on settlement of debt |
|
|
314,598 |
|
|
|
- |
|
| Loss on settlement of note receivable |
|
|
(271,092 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total Other Income, net |
|
|
205,628 |
|
|
|
32,699 |
|
| |
|
|
|
|
|
|
|
|
| Net Income (Loss) |
|
$ |
389,600 |
|
|
$ |
(531,302 |
) |
|
| Schedule of Non-controlling Interest |
The following represents the change in the balance of the
non-controlling interest:
| Balance - December 31, 2014 |
|
$ |
- |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Net liabilities of 350 Green on April 17, 2014 (date of loss of control) |
|
|
(3,869,428 |
) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Net loss of 350 Green |
|
|
(531,302 |
) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Balance - December 31, 2014 |
|
|
(4,400,730 |
) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Net income of 350 Green |
|
|
389,600 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Balance - December 31, 2015 |
|
$ |
(4,011,130 |
) |
|
|
|
|
|
| Schedule of Accrued Expenses |
ACCRUED EXPENSES
Accrued expenses included in our consolidated
balance sheet pertaining to 350 Green consisted of the following:
| |
|
December 31, |
|
| |
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
| Accrued taxes |
|
$ |
5,969 |
|
|
$ |
113,531 |
|
| Accrued host fees |
|
|
- |
|
|
|
51,064 |
|
| Accrued fees |
|
|
- |
|
|
|
158,021 |
|
| Total |
|
$ |
5,969 |
|
|
$ |
322,616 |
|
|