Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents $ 13,416 $ 406,859
Deposits and advanced commissions 300,750 178,694
Prepaid expenses and other current assets 357,312 157,258
Total current assets 671,478 742,811
OTHER ASSETS:    
EV Charging stations, net of accumulated depreciation of $363,918 and $129,554, respectively 960,234 544,898
Automobile, net of accumulated depreciation of $15,292 and $0, respectively 99,400   
Office and computer equipment, net of accumulated depreciation of $26,604 and $14,810, respectively 36,717 35,857
Total fixed assets, net 1,096,351 580,755
DEPOSITS 42,265   
OTHER ASSETS 232,727   
TOTAL ASSETS 2,042,821 1,323,566
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 547,874 365,113
Accrued interest-related party 5 40
Convertible notes-related party, net of discount of $4,918 and $0, respectively 82 3,750
Convertible notes payable-net of discount of $168,567 and $0, respectively 122,433   
Current portion of deferred revenue 19,996   
Current portion of deferred rent 9,731   
Current portion of notes payable 12,105   
TOTAL CURRENT LIABILITIES 712,226 368,903
DEFERRED REVENUE 34,747   
DEFERRED RENT 20,445   
NOTE PAYABLE 44,836   
TOTAL LIABILITIES 812,254 368,903
STOCKHOLDERS' EQUITY    
Common stock, par value $.001 per share; 500,000,000 shares authorized; 42,434,705 and 37,384,414 shares issued and outstanding at December 31, 2012 and 2011, respectively 42,435 37,384
Additional paid-in capital 20,117,559 15,557,096
Deficit accumulated during the development stage (18,940,427) (13,650,817)
Stock subscriptions receivable    (999,000)
TOTAL STOCKHOLDERS' EQUITY 1,230,567 954,663
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,042,821 1,323,566
Series A
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock 10,000 10,000
Series B
    
STOCKHOLDERS' EQUITY    
Convertible Preferred Stock $ 1,000