Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.19.1
Property and Equipment
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

4. PROPERTY AND EQUIPMENT

 

Property and equipment consist of the following:

 

    December 31,  
    2018     2017  
EV charging stations   $ 3,972,354     $ 4,275,008  
Software     464,997       579,630  
Automobiles     132,751       132,751  
Office and computer equipment     199,817       125,992  
Leasehold improvements     35,046       18,715  
Machinery and equipment     176,884       71,509  
      4,981,849       5,203,605  
Less: accumulated depreciation     (4,598,282 )     (4,826,685 )
Property and equipment, net   $ 383,567     $ 376,920  

 

Depreciation and amortization expense related to property and equipment was $280,547 and $409,279 for the years ended December 31, 2018 and 2017, respectively, of which, $259,581 and $380,309, respectively, was recorded within cost of sales in the accompanying consolidated statements of operations.

 

During the years ended December 31, 2018 and 2017, the Company disposed of property and equipment with a net book value of $66,746 and $803 which resulted in a loss on disposal of $66,746 and $803, respectively, which was included within general and administrative expenses in the consolidated statements of operations.