Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Charging service revenue - company-owned charging stations $ 305,747 $ 267,874
Product sales 135,760 153,587
Grant and rebate revenue 16,231 32,810
Warranty revenue 30,402 34,849
Network fees 57,251 49,238
Other 50,529 57,262
Total Revenues 595,920 595,620
Cost of Revenues:    
Cost of charging services - company-owned charging stations 43,761 26,563
Host provider fees 108,405 54,447
Cost of product sales 63,533 78,512
Network costs 66,928 141,584
Warranty and repairs and maintenance 63,728 19,148
Depreciation and amortization 77,744 112,153
Total Cost of Revenues 424,099 432,407
Gross Profit 171,821 163,213
Operating Expenses:    
Compensation 3,688,636 997,357
Other operating expenses 183,955 242,941
General and administrative expenses 101,169 313,708
Lease termination costs 300,000
Total Operating Expenses 3,973,760 1,854,006
Loss From Operations (3,801,939) (1,690,793)
Other Income (Expense)    
Interest expense (104,983) (140,661)
Interest expense - related party share transfer (see Note 8) (785,200)
Amortization of discount on convertible debt (528,929) (614,901)
Gain on settlement of accounts payable, net 920,352 23,928
Loss on settlement reserve (127,941) (175,000)
Change in fair value of warrant liabilities 3,024,598 (464,289)
Loss on settlement of liabilities for equity (2,192,045)
Gain on settlement of liabilities to JMJ for equity 5,800,175
Non-compliance penalty for SEC registration requirement (36,016)
Total Other Income (Expense) 6,006,027 (1,406,939)
Net Income (Loss) 2,204,088 (3,097,732)
Dividend attributable to Series C shareholders (607,800) (754,900)
Deemed dividend (23,458,931)
Net Loss Attributable to Common Shareholders $ (21,862,643) $ (3,852,632)
Net Loss Per Share    
- Basic and Diluted $ (2.58) $ (2.39)
Weighted Average Number of Common Shares Outstanding    
- Basic and Diluted 8,472,092 1,609,530