Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Charging service revenue - company-owned charging stations $ 244,931 $ 284,203 $ 512,805 $ 576,946
Product sales 56,957 360,169 210,544 650,374
Grant and rebate revenue 84,331 57,385 117,141 157,165
Warranty revenue 31,855 47,472 66,704 67,497
Network fees 59,492 46,243 108,730 89,362
Other 55,408 72,552 112,670 169,203
Total Revenues 532,974 868,024 1,128,594 1,710,547
Cost of Revenues:        
Cost of charging services - company-owned charging stations 38,115 49,555 64,678 101,533
Host provider fees 92,938 159,740 147,385 271,530
Cost of product sales 162,659 182,829 241,171 336,615
Network costs 73,310 66,537 214,894 222,538
Warranty and repairs and maintenance (76,244) 118,860 (57,096) 192,362
Depreciation and amortization 99,271 231,853 211,424 433,957
Total Cost of Revenues 390,049 809,374 822,456 1,558,535
Gross Profit 142,925 58,650 306,138 152,012
Operating Expenses:        
Compensation 2,013,680 1,189,008 3,011,037 2,652,787
Other operating expenses 210,762 369,570 453,703 714,373
General and administrative expenses 238,375 368,813 552,083 637,717
Lease termination costs 300,000
Total Operating Expenses 2,462,817 1,927,391 4,316,823 4,004,877
Loss From Operations (2,319,892) (1,868,741) (4,010,685) (3,852,865)
Other Expense:        
Interest expense (218,288) (35,314) (358,949) (70,552)
Amortization of discount on convertible debt (1,097,777) (1,712,678)
Gain on settlement of accounts payable, net 23,928
Loss on settlement reserve (350,588) (525,588)
Change in fair value of warrant liabilities (316,504) (179,849) (780,793) (2,194,257)
Loss on disposal of fixed assets (5,766) (8,597)
Loss on deconsolidation of 350 Green (97,152) (97,152)
Investor warrant expense (457) (6,284)
Non-compliance penalty for delinquent regular SEC filings (476,713)
Non-compliance penalty for SEC registration requirement (15,966) (255,849) (51,982) (137,500)
Total Other Expense (2,096,275) (477,235) (3,503,214) (2,893,903)
Net Loss (4,416,167) (2,345,976) (7,513,899) (6,746,768)
Dividend attributable to Series C shareholders (790,900) (365,300) (1,545,800) (683,700)
Net Loss Attributable to Common Shareholders $ (5,207,067) $ (2,711,276) $ (9,059,699) $ (7,430,468)
Net Loss Per Share        
- Basic and Diluted $ (0.06) $ (0.03) $ (0.11) $ (0.09)
Weighted Average Number of Common Shares Outstanding        
- Basic and Diluted 81,092,889 80,330,460 80,786,401 79,986,345