Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.3.1.900
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows From Operating Activities    
Net loss $ (3,682,033) $ (3,858,917)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 238,593 $ 1,020,892
Amortization of discount on convertible debt 41,998
Change in fair value of warrant liabilities $ (598,009) $ (284,365)
Provision for loss on advanced commissions $ 42,250
Provision for bad debts $ 11,206
Gain on settlement of accounts payable (40,500) $ (36,789)
Non-compliance penalty for delinquent regular SEC filings 463,500
Non-cash compensation:    
Convertible preferred stock 585,820
Common stock 323,645
Options 574,861 $ 519,840
Warrants 275,908
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (609,529) $ (248,056)
Inventory (172,012) (250,398)
Prepaid expenses and other current assets (31,135) (16,106)
Other assets (30,544) 49,323
Accounts payable and accrued expenses (233,076) 542,150
Deferred revenue (84,062) 425,115
Total Adjustments 1,060,688 1,763,856
Net Cash Used in Operating Activities (2,621,345) $ (2,095,061)
Cash Flows From Investing Activities    
Purchase of office and computer equipment $ (18,608)
Purchase of automobile $ (137,165)
Purchase of electric charging stations $ (222,623)
Investment in estate of Ecotality, net of amount owed to Ecotality Estate Creditor's Committee $ (110,965)
Net Cash Used In Investing Activities $ (129,573) $ (359,788)
Cash Flows From Financing Activities    
Proceeds from sale of shares of Series C Convertible Preferred Stock released from escrow
Preferred Stock released from escrow $ 1,500,000
Restricted cash for the purchase of inventory $ (450,046)
Payment of notes and convertible notes payable $ (53,273) (28,117)
Net Cash Provided By (Used In) Financing Activities 1,446,727 (478,163)
Net Decrease In Cash (1,304,191) (2,933,012)
Cash - Beginning 1,627,062 7,837,339
Cash - Ending 322,871 4,904,327
Cash paid during the period for:    
Interest expense 675 $ 529
Income taxes $ 825
Non-cash investing and financing activities:    
Issuance of common stock issued in exchange for conversion of warrants $ 469
Common stock issued for settlement of accounts payable 4,999
Issuance of common stock for services previously accrued $ 79,999 137,000
Software development costs reclassified from other assets to prepaid and other current assets $ 150,000
Issuance of Series C Convertible Preferred Stock in settlement of accrued registration rights penalty and related interest $ 2,069,700
Accrual of contractual dividends on Series C Convertible Preferred Stock 202,000
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends (222,800)
Warrants issued in connection with extension of convertible note payable 23,641
Warrants reclassified to derivative liabilities $ 281,403