Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended 49 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (15,800,437) $ (3,597,551) $ (34,740,864)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 1,401,014 174,387 1,819,499
Amortization of discount on convertible notes payable 126,783 5,318 266,609
Loss on common stock issued in exchange for extinguishment of warrants       485,000
Gain on change in fair value of derivative liability       (245,217)
Non-cash compensation         
Common stock issued for services and incentive fees 2,281,905 1,141,183 13,178,363
Warrants and options issued for services and incentive fees 7,910,076 379,514 8,753,975
Provision for loss on advanced commissions 350,000    350,000
Loss on settlement of accounts payable for stock 47,856    47,856
Loss on repayment of convertible notes payable 46,701    46,701
Provision for warrant liability 309,000    309,000
Debt conversion expense 687,286    687,286
Return of common stock due to arbitration (371,250)    (371,250)
Changes in operating assets and liabilities:      
Inventory       (72,768)
Advanced commissions (68,250) (102,000) (369,000)
Deposits (10) (35,821) (33,967)
Prepaid expenses and other current assets (66,411) (232,678) (133,614)
Other assets 21,836 (31,003) 16,323
Accounts payable and accrued expenses 1,079,058 205,963 1,651,968
Deferred rent (6,916) 32,073 23,260
Deferred revenue 833,153    887,896
Accrued interest-related party (5) (40) 4,480
Net Cash Used in Operating Activities (1,218,611) (2,060,655) (7,438,465)
Changes in operating assets and liabilities:      
Purchase of accounts receivable (163,292)    (163,292)
Purchase of office and computer equipment (1,177) (12,654) (64,498)
Purchase of automobile    (50,000) (50,000)
Purchase of EV stations (967,281) (583,771) (2,224,286)
CASH FLOWS FROM INVESTING ACTIVITIES:         
Net Cash Used in Investing Activities (1,122,405) (646,425) (2,492,731)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of notes payable 145,000 65,000 541,000
Cash from acquisitions in excess of amount paid 9,345    9,345
Proceeds from sale of preferred stock    900,000 900,000
Sale of common stock, net of issuance costs 2,964,695 1,360,000 9,280,043
Payment of notes and convertible notes payable (725,029) (4,816) (732,781)
Net Cash Provided by Financing Activities 2,384,666 2,320,184 9,988,262
NET INCREASE IN CASH 43,650 (386,896) 57,066
CASH AT THE BEGINNING OF PERIOD 13,416 406,859   
CASH AT END OF PERIOD 57,066 19,963 57,066
Cash Paid For:      
Interest expenses 36,213 1,263 38,248
Income taxes         
NONCASH INVESTING AND FINANCING ACTIVITIES      
Common stock issued for debt and accrued interest 852,491 3,823 1,530,877
Beneficial conversion feature of notes payable and related warrants issued    63,818 276,926
Inventory reclassified to electric car charging stations       72,768
Conversion of preferred shares into common shares and warrants 1,500    1,500
Issuance of warrants in consideration of equity investment 1,195,888 273,697 1,469,585
Conversion of notes payable into common stock and warrants 165,205    165,205
Common stock issued for settlement of accounts payable 213,331    238,331
Note payable for purchase of automobile    64,693 64,693
Purchase of software development for common stock 150,000    150,000
Purchase of accounts receivable for common stock 127,941    127,941
Acquisition of treasury stock at cost    450,000 450,000
Issuance of common stock for acquisition 3,750,000    3,750,000
Issuance of note payable for acquisition $ 1,005,918    $ 1,005,918