Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Accounting Policies [Abstract] |
|
| Summary of Investments |
The following summarizes our investments as
of December 31, 2019 and 2018:
| |
|
December 31, |
|
| |
|
2019 |
|
|
2018 |
|
| Short-term investments: |
|
|
|
|
|
|
|
|
| Available- for-sale investments |
|
$ |
3,150,332 |
|
|
$ |
2,878,664 |
|
|
| Schedule of Unrealized Gains on Investment |
The following is a summary of the unrealized
gains, and fair value by investment type as of December 31, 2019 and 2018:
| |
|
December 31, 2019 |
|
| |
|
Unrealized Gains, Net |
|
|
Fair Value |
|
| Fixed income |
|
$ |
183,173 |
|
|
$ |
3,150,332 |
|
| |
|
|
|
|
|
|
|
|
| |
|
December 31, 2018 |
|
| |
|
Unrealized Gains, Net |
|
|
Fair Value |
|
| Fixed income |
|
$ |
- |
|
|
$ |
2,878,664 |
|
|
| Schedule of Estimated Useful Life of Property and Equipment |
Property and equipment is stated at cost, net
of accumulated depreciation and amortization which is recorded commencing at the in-service date using the straight-line method
over the estimated useful lives of the assets.
| |
|
Useful Lives |
| Asset |
|
(In Years) |
| |
|
|
| Computer software and office and computer equipment |
|
3 - 5 |
| Machinery and equipment, automobiles, furniture and fixtures |
|
3 - 10 |
| Installed Level 2 electric vehicle charging stations |
|
3 - 7 |
| Installed Level 3 (DC Fast Chargers (“DCFC”)) electric vehicle charging stations |
|
5 |
|
| Schedule of Revenue Recognition by Contract |
The following table
summarizes our revenue recognized under ASC 606 in our consolidated statements of operations:
| |
|
For The Years Ended |
|
| |
|
December 31, |
|
| |
|
2019 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Revenues - Recognized at a Point in Time |
|
|
|
|
|
|
|
|
| Charging service revenue - company-owned charging stations |
|
$ |
1,359,218 |
|
|
$ |
1,264,719 |
|
| Product sales |
|
|
856,243 |
|
|
|
476,930 |
|
| Other |
|
|
166,710 |
|
|
|
187,252 |
|
| Total Revenues - Recognized at a Point in Time |
|
|
2,382,171 |
|
|
|
1,928,901 |
|
| |
|
|
|
|
|
|
|
|
| Revenues - Recognized Over a Period of Time: |
|
|
|
|
|
|
|
|
| Network and other fees |
|
|
354,623 |
|
|
|
351,440 |
|
| Total Revenues - Recognized Over a Period of Time |
|
|
354,623 |
|
|
|
351,440 |
|
| |
|
|
|
|
|
|
|
|
| Total Revenue Under ASC 606 |
|
$ |
2,736,794 |
|
|
$ |
2,280,341 |
|
|
| Schedule of Outstanding Diluted Shares Excluded from Diluted Loss Per Share Computation |
The following common share equivalents are
excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2019 |
|
|
2018 |
|
| Convertible preferred stock |
|
|
1,642,628 |
|
|
|
1,647,756 |
|
| Warrants |
|
|
6,840,049 |
|
|
|
6,837,061 |
|
| Options |
|
|
265,550 |
|
|
|
109,546 |
|
| Total potentially dilutive shares |
|
|
8,748,227 |
|
|
|
8,594,363 |
|
|