Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities    
Net loss $ (6,020,832) $ (10,972,565)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 478,830 $ 1,846,363
Amortization of discount on convertible debt 41,998
Change in fair value of warrant liabilities $ (888,907) $ (1,504,254)
Provision for loss on advanced commissions $ 4,500
Provision for bad debts $ (1,347)
Loss on disposal of fixed assets 2,160  
Gain on settlement of accounts payable (40,500) $ (21,000)
Release from U.S. Department of Energy accrued liability $ (1,833,896)
Impairment of goodwill $ 3,299,379
Non-compliance penalty for delinquent regular SEC filings $ 1,753,150
Non-cash compensation:    
Convertible preferred stock 728,962
Common stock 768,588 $ 50,304
Options 1,076,428 1,310,616
Warrants 288,862 1,104,515
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (256,801) (163,849)
Inventory $ 231,937 (241,949)
Advance commissions (9,000)
Prepaid expenses and other current assets $ (162,599) 42,200
Deposits (4,511) (3,546)
Other assets (20) (40,824)
Accounts payable and accrued expenses 37,660 45,501
Deferred rent (6,564) (6,004)
Deferred revenue (115,042) 616,678
Total Adjustments 2,098,388 6,329,630
Net Cash Used in Operating Activities (3,922,444) $ (4,642,935)
Cash Flows From Investing Activities    
Purchase of office and computer equipment $ (42,487)
Purchase of automobile $ (137,165)
Purchase of electric charging stations $ (535,374)
Investment in estate of Ecotality, net of amount owed to Ecotality Estate Creditor's Committee $ (210,965)
Net Cash Used In Investing Activities (253,452) $ (672,539)
Cash Flows From Financing Activities    
Proceeds from sale of shares of Series C Convertible Preferred Stock released from escrow $ 3,000,000
Restricted cash as security deposit for space rental $ (210,585)
Payment of notes and convertible notes payable $ (171,585) (31,274)
Net Cash Provided By (Used In) Financing Activities 2,828,415 (241,859)
Net Decrease In Cash (1,347,481) (5,557,333)
Cash - Beginning 1,627,062 7,837,339
Cash - Ending 279,581 2,280,006
Cash paid during the periods for:    
Interest expense $ 10,018 $ 1,020
Income taxes
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 $ 94,999 137,000
Software development costs reclassified from other assets to prepaid and other current assets 150,000
Partial extinghuisment of derivative liability 4,126,521
Warrants issued in exchange for derivative warrants $ 1,385,167
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 414,400
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends (435,200)
Warrants issued in connection with extension of convertible note payable 23,641
Warrants reclassified to derivative liabilities $ 281,403