Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows From Operating Activities    
Net loss $ (6,776,772) $ (19,419,184)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 704,601 $ 2,665,377
Amortization of discount on convertible debt 55,514
Change in fair value of warrant liabilities $ (2,161,845) $ (1,642,593)
Provision for loss on advanced commissions $ 95,500
Provision for bad debts $ (6,132)
Gain on sale of fixed assets, net (70,088)
Gain on settlement of accounts payable (176,831) $ (36,789)
Gain on settlement of other trade liabilities (209,086)
Release from obligation to U.S. Department of Energy $ (1,833,896) $ (482,611)
Impairment of goodwill 4,901,261
Non-compliance penalty for delinquent regular SEC filings $ 1,276,050 72,667
Non-compliance penalty for SEC registration requirement $ 228,750 311,000
Impairment and loss of title of charging stations 2,854,422
Provision for inventory shrinkage 100,000
Loss on replacement of charging stations $ 19,848
Convertible preferred stock $ 1,013,497
Common stock 932,937
Options 1,469,773 $ 1,880,665
Warrants 288,862 1,445,303
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (27,421) (85,922)
Inventory $ 325,342 (325,598)
Advance commissions (104,750)
Prepaid expenses and other current assets $ (117,215) $ (106,131)
Deposits (68,942)
Other assets 643,925 $ 110,379
Accounts payable and accrued expenses 233,164 660,039
Deferred rent (6,564) (9,942)
Deferred revenue (693,146) 432,896
Total Adjustments 1,801,249 12,755,021
Net Cash Used In Operating Activities (4,975,523) $ (6,664,163)
Cash Flows From Investing Activities    
Purchase of office and computer equipment $ (38,368)
Purchase of automobile $ (137,165)
Purchase of electric charging stations (460,797)
Purchases of network software $ (162,150)
Proceeds from sale of fixed assets $ 78,100
Investment in estate of ECOtality, net of amount owed to ECOtality Estate Creditor’s Committee (210,965)
Net Cash Used In Investing Activities (171,233) $ (760,112)
Cash Flows From Financing Activities    
Proceeds from sale of shares of Series C Convertible Preferred Stock and warrants $ 3,830,000
Restricted cash as security deposit for space rental $ (210,671)
Payment of notes and convertible notes payable $ (189,937) (49,469)
Net Cash Provided By (Used In) Financing Activities 3,640,063 (260,140)
Net Decrease In Cash (1,506,693) (7,684,415)
Cash - Beginning 1,627,062 7,837,339
Cash - Ending 120,369 152,924
Cash paid during the period for:    
Interest expense $ 10,727 $ 1,473
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
Reclassification of chargers to other assets 512,089
Extinguishment of partial derivative liability 4,355,345
Warrants issued in exchange for derivative warrant liabilities $ 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 656,900
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends (677,700)
Warrants issued in connection with extension of convertible note payable 37,157
Warrants reclassified to derivative liabilities 281,403
Issuance of Series B Convertible Preferred Stock to the Creditors of ECOtality $ 825,000