Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total Revenues $ 1,572,610 $ 715,828 $ 2,871,474 $ 1,293,218
Cost of Revenues:        
Total Cost of Revenues 1,158,730 401,284 2,148,872 924,716
Gross Profit 413,880 314,544 722,602 368,502
Operating Expenses:        
Compensation 2,305,738 1,674,042 4,420,205 3,277,527
General and administrative expenses 670,653 485,055 1,316,536 742,191
Other operating expenses 459,418 538,768 1,026,618 1,047,593
Total Operating Expenses 3,435,809 2,697,865 6,763,359 5,067,311
Loss From Operations (3,021,929) (2,383,321) (6,040,757) (4,698,809)
Other Income (Expense):        
Interest income, net 5,257 22,081 21,110 38,153
Gain on settlement of debt 310,000
Gain on settlement of accounts payable, net 19,086 107,923 19,086 160,423
Change in fair value of derivative and other accrued liabilities (16,560) (35,494) (16,039) (90,236)
Other income (15,367) 51,591 25,987 149,622
Total Other (Expense) Income (7,584) 146,101 50,144 567,962
Net Loss $ (3,029,513) $ (2,237,220) $ (5,990,613) $ (4,130,847)
Net Loss Per Share:        
Basic $ (0.11) $ (0.09) $ (0.22) $ (0.16)
Diluted $ (0.11) $ (0.09) $ (0.22) $ (0.16)
Weighted Average Number of Common Shares Outstanding:        
Basic 28,327,701 26,234,376 27,584,918 26,202,898
Diluted 28,327,701 26,234,376 27,584,918 26,202,898
Charging Service Revenue [Member]        
Revenues:        
Total Revenues $ 87,250 $ 294,985 $ 406,874 $ 619,880
Product Sales [Member]        
Revenues:        
Total Revenues 1,274,354 282,014 2,051,777 385,218
Network Fees [Member]        
Revenues:        
Total Revenues 71,271 76,359 126,830 150,829
Warranty [Member]        
Revenues:        
Total Revenues 8,419 19,284 16,479 35,792
Grant and Rebate [Member]        
Revenues:        
Total Revenues 3,912 6,525 8,491 13,239
Other [Member]        
Revenues:        
Total Revenues 127,404 36,661 261,023 88,260
Cost of Charging Services [Member]        
Cost of Revenues:        
Total Cost of Revenues 35,874 37,283 65,488 67,012
Host Provider Fees [Member]        
Cost of Revenues:        
Total Cost of Revenues 28,086 81,037 113,515 163,076
Cost of Product Sales [Member]        
Cost of Revenues:        
Total Cost of Revenues 922,808 87,800 1,391,876 301,120
Network Costs [Member]        
Cost of Revenues:        
Total Cost of Revenues 147,290 86,303 357,622 163,526
Warranty and Repairs and Maintenance [Member]        
Cost of Revenues:        
Total Cost of Revenues 17,734 83,543 132,643 172,415
Depreciation and Amortization [Member]        
Cost of Revenues:        
Total Cost of Revenues $ 6,938 $ 25,318 $ 87,728 $ 57,567