Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total Revenues $ 715,828 $ 624,418 $ 1,293,218 $ 1,220,338
Cost of Revenues:        
Total Cost of Revenues 401,284 453,643 924,716 877,742
Gross Profit 314,544 170,775 368,502 342,596
Operating Expenses:        
Compensation 1,674,042 1,131,179 3,277,527 4,819,815
General and administrative expenses 485,055 394,048 742,191 495,217
Other operating expenses 538,768 493,037 1,047,593 676,992
Total Operating Expenses 2,697,865 2,018,264 5,067,311 5,992,024
Loss From Operations (2,383,321) (1,847,489) (4,698,809) (5,649,428)
Other Income (Expense):        
Interest income (expense), net 22,081 (8,533) 38,153 (113,516)
Interest expense - related party share transfer (785,200)
Amortization of discount on convertible debt (528,929)
Gain on settlement of debt 310,000
Gain on settlement of accounts payable, net 107,923 160,423 920,352
Loss on settlement reserve (127,941)
Change in fair value of derivative and other accrued liabilities (35,494) 623,237 (90,236) 3,647,835
Loss on settlement of liabilities for equity (2,192,045)
Gain on settlement of liabilities to JMJ for equity 5,800,175
Other income 51,591 149,622
Total Other Income 146,101 614,704 567,962 6,620,731
Net (Loss) Income (2,237,220) (1,232,785) (4,130,847) 971,303
Dividend attributable to Series C shareholders (607,800)
Deemed dividend (23,458,931)
Net Loss Attributable to Common Shareholders $ (2,237,220) $ (1,232,785) $ (4,130,847) $ (23,095,428)
Net Loss Per Share:        
Basic $ (0.09) $ (0.05) $ (0.16) $ (1.45)
Diluted $ (0.09) $ (0.05) $ (0.16) $ (1.45)
Weighted Average Number of Common Shares Outstanding:        
Basic 26,234,376 23,229,166 26,202,898 15,891,388
Diluted 26,234,376 23,229,166 26,202,898 15,891,388
Charging Service Revenue [Member]        
Revenues:        
Total Revenues $ 294,985 $ 301,350 $ 619,880 $ 607,097
Product Sales [Member]        
Revenues:        
Total Revenues 282,014 142,839 385,218 278,599
Network Fees [Member]        
Revenues:        
Total Revenues 76,359 56,034 150,829 113,285
Warranty [Member]        
Revenues:        
Total Revenues 19,284 33,957 35,792 64,359
Grant and Rebate [Member]        
Revenues:        
Total Revenues 6,525 45,107 13,239 61,338
Other [Member]        
Revenues:        
Total Revenues 36,661 45,131 88,260 95,660
Cost of Charging Services [Member]        
Cost of Revenues:        
Total Cost of Revenues 37,283 79,060 67,012 122,821
Host Provider Fees [Member]        
Cost of Revenues:        
Total Cost of Revenues 81,037 97,327 163,076 205,732
Cost of Product Sales [Member]        
Cost of Revenues:        
Total Cost of Revenues 87,800 39,287 301,120 102,820
Network Costs [Member]        
Cost of Revenues:        
Total Cost of Revenues 86,303 77,297 163,526 144,225
Warranty and Repairs and Maintenance [Member]        
Cost of Revenues:        
Total Cost of Revenues 83,543 86,001 172,415 149,729
Depreciation and Amortization [Member]        
Cost of Revenues:        
Total Cost of Revenues $ 25,318 $ 74,671 $ 57,567 $ 152,415