Quarterly report pursuant to Section 13 or 15(d)

Prepaid Expenses and Other Current Assets

v3.20.1
Prepaid Expenses and Other Current Assets
3 Months Ended
Mar. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

4. PREPAID EXPENSES AND OTHER CURRENT ASSETS

 

As of March 31, 2020, prepaid expenses and other current assets primarily consisted of alternative fuel credits of $553,177. As of December 31, 2019, alternative fuel credits was $476,992.

 

As of March 31, 2020, the Company had a remaining purchase commitment of $437,808, which will become payable upon the supplier’s delivery of the charging stations. The purchase commitments were made primarily for future sales and deployments of these charging stations.