Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Sep. 30, 2018 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Revenue Recognition by Contract |
The following
table summarizes our revenue recognized under ASC 606 in our condensed consolidated statements of operations:
| |
|
For The Three Months Ended |
|
|
For The Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - Recognized at a Point in Time |
|
|
|
|
|
|
|
|
|
|
|
|
| Charging service revenue - company-owned charging stations |
|
$ |
320,388 |
|
|
$ |
295,202 |
|
|
$ |
927,485 |
|
|
$ |
879,428 |
|
| Product sales |
|
|
102,958 |
|
|
|
157,264 |
|
|
|
381,557 |
|
|
|
367,808 |
|
| Other |
|
|
36,135 |
|
|
|
43,367 |
|
|
|
131,795 |
|
|
|
122,937 |
|
| Total Revenues - Recognized at a Point in Time |
|
|
459,481 |
|
|
|
495,833 |
|
|
|
1,440,837 |
|
|
|
1,370,173 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - Recognized Over a Period of Time: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warranty |
|
|
25,099 |
|
|
|
36,484 |
|
|
|
89,458 |
|
|
|
103,188 |
|
| Network fees |
|
|
55,540 |
|
|
|
59,604 |
|
|
|
168,825 |
|
|
|
168,334 |
|
| Total Revenues - Recognized Over a Period of Time |
|
|
80,639 |
|
|
|
96,088 |
|
|
|
258,283 |
|
|
|
271,522 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenue Under ASC 606 |
|
$ |
540,120 |
|
|
$ |
591,921 |
|
|
$ |
1,699,120 |
|
|
$ |
1,641,695 |
|
|
| Schedule of Potential Diluted Earnings Per Share |
For the three and nine months ended
September 30, 2018 and 2017, the Company calculated the potential diluted earnings per share in accordance with ASC 260, as follows:
| |
|
For the Three Months Ended September 30, |
|
|
For the Nine Months Ended September 30, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss attributable to common shareholders (numerator for basic earnings per share) |
|
$ |
(2,148,631 |
) |
|
$ |
(94,448,932 |
) |
|
$ |
(25,231,361 |
) |
|
$ |
(103,508,631 |
) |
| Less: change in fair value of derivative liabilities and other accrued liabilities |
|
|
(1,040,273 |
) |
|
|
- |
|
|
|
(2,897,095 |
) |
|
|
- |
|
| Adjusted net loss attributable to common shareholders (denominator for basic earnings per share) |
|
$ |
(3,188,904 |
) |
|
$ |
(94,448,932 |
) |
|
$ |
(28,128,456 |
) |
|
$ |
(103,508,631 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average shares outstanding (denominator for basic earnings per share) |
|
|
24,867,869 |
|
|
|
2,723,437 |
|
|
|
18,916,432 |
|
|
|
1,989,022 |
|
| Plus: incremental shares from assumed common stock issuance |
|
|
424,681 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Plus: incremental shares from assumed conversion of debt |
|
|
- |
|
|
|
- |
|
|
|
196,994 |
|
|
|
- |
|
| Adjusted weighted average shares outstanding (denominator for diluted earnings per share) |
|
|
25,292,550 |
|
|
|
2,723,437 |
|
|
|
19,113,426 |
|
|
|
1,989,022 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic earnings per share |
|
$ |
(0.09 |
) |
|
$ |
(34.68 |
) |
|
$ |
(1.33 |
) |
|
$ |
(52.04 |
) |
| Diluted earnings per share |
|
$ |
(0.13 |
) |
|
$ |
(34.68 |
) |
|
$ |
(1.47 |
) |
|
$ |
(52.04 |
) |
|
| Schedule of Outstanding Diluted Shares Excluded from Diluted Loss Per Share Computation |
The following common share equivalents
are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:
| |
|
September 30, |
|
| |
|
2018 |
|
|
2017 |
|
| Convertible preferred stock |
|
|
1,747,756 |
|
|
|
2,884,383 |
|
| Warrants |
|
|
6,852,861 |
|
|
|
266,143 |
|
| Options |
|
|
106,108 |
|
|
|
147,300 |
|
| Convertible notes |
|
|
- |
|
|
|
19,856 |
|
| Total potentially dilutive shares |
|
|
8,706,725 |
|
|
|
3,317,682 |
|
|