Quarterly report pursuant to sections 13 or 15(d)

Acquisition (Tables)

v2.4.0.8
Acquisition (Tables)
 6 Months Ended
Jun. 30, 2013
Business Acquisition [Line Items]  
Summary of revenues and net loss of Car Charging Group, Inc. and the three acquisitions
The revenues and net loss of the acquirees as of their respective acquisition dates included in the consolidated statements of operations for the six months ended June  30, 2013 is as follows:
 
   
Car
Charging
Group Inc.
    
Beam
Charging
LLC
    
350Green
LLC
    
Total
  
Revenues
  
$
54,250
    
$
25,292
    
$
13,772
    
$
93,314
  
Net Loss
  
$
(7,069,084
)
  
$
(414,540
)
  
$
(379,853
)
  
$
(7,863,477
)
 
The pro forma revenues and net loss of Car Charging Group, Inc. and the the acquirees as if the acquisitions occurred as of January 1, 2013 and for the period ended June 30, 2013 is as follows:
 
   
Car
Charging
Group Inc.
    
Beam
Charging
LLC
    
350Green
LLC
    
Total
  
Revenues
  
$
54,250
    
$
26,052
    
$
152,066
    
$
232,368
  
Net Income (Loss)
  
$
(7,069,084
)
  
$
(368,798
)
  
$
(869, 352
)
  
$
(8,307,234
)
 
The pro forma revenues and net loss of Car Charging Group, Inc. and the the acquirees as if the acquisitions occurred as of January 1, 2012 and for the period ended June 30, 2012 is as follows:
 
   
Car
Charging
Group Inc.
    
Beam
Charging
 LLC
    
350Green
 LLC
    
Total
  
Revenues
  
$
237,487
    
$
1,000
    
$
276,856
    
$
515,343
  
Net Income (Loss)
  
$
(2,431,022
)
  
$
(73,283
)
  
$
(1,359,218
)
  
$
(3,863,523
)
 
Beam Acquisition [Member]
  
Business Acquisition [Line Items]  
Summary the preliminary fair value of assets acquired and liabilities assumed

 

 

February 26,

2013

 

Cash

 

$

69

 

Fixed assets, net

 

 

489,155

 

Amortizable intangible assets

 

 

1,467,000

 

Current liabilities

 

 

(631,945

)

 Net identifiable assets

 

 

1,324,279

 

Goodwill

 

 

782,440

 

Total consideration given

 

$

2,106,719

 
Schedule of fair value of intangible assets pending finalization of a third party valuation
   
February 26,
2013
  
Provider agreements for locations awaiting installation of EV charging stations
  
$
829,000
  
Awarded government grants for installation of EV charging stations
    
638,000
  
   
$
1,467,000
  
Synapse Acquisition [Member]
  
Business Acquisition [Line Items]  
Summary the preliminary fair value of assets acquired and liabilities assumed

 

 

April 3, 2013

 

Cash

 

$

652

 

Intangible assets

 

 

891,408

 

Current liabilities

 

 

(114

)

 Net identifiable assets

 

 

891,946

 

Total consideration given

 

$

891,946

 
Schedule of fair value of intangible assets pending finalization of a third party valuation

 

 

April 3, 2013

 

Provider agreements for locations awaiting installation of EV charging stations

 

$

441,408

 

Trademark

 

 

300,000

 

Present value of EV charging stations to be acquired in October 2016

 

 

150,000

 

   Total

 

$

891,408

 
350 Green Acquisition [Member]
  
Business Acquisition [Line Items]  
Summary the preliminary fair value of assets acquired and liabilities assumed
The Company has accounted for the transaction as a business combination.  Pending the finalization of a valuation, the following table summarizes the preliminary fair value of assets acquired and liabilities assumed at the closing date:
 
 
 
   
April 22, 2013
  
Cash
  
$
33,632
  
Fixed assets, net
    
4,137,166
 
Amortizable intangible assets
    
1,792,133
  
Current liabilities
    
(4,213,799
)
Deferred revenue
    
(2,527,402
)
 Net identifiable liabilities
    
(778,270
)
Goodwill
    
1,942,795
  
Total consideration given
  
$
1,164,525