Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets

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Intangible Assets
 9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
5.    INTANGIBLE ASSETS

Intangible assets as of September 30, 2013 consist of the following:
 
 Provider agreements for locations awaiting installation of EV charging stations
   $ 3,062,541  
 Awarded government grants for installation of charging stations
     638,000  
 Trademark
     300,000  
 Present value of EV charging stations to be acquired in October 2016
     150,000  
   Total
   $ 4,150,541  
    Less accumulated amortization at September 30, 2013
     (154,091 )
Balance at September 30, 2013
   $ 3,996,450  
 
The Company had no intangible assets as of December 31, 2012.

Expected amortization expense pertaining to intangible assets over the five year period ending December 31, 2018 and thereafter is as follows:
 
Year ending December 31,:
      
2013 (remaining three months)
  
$
288,158
  
2014
    
534,704
  
2015
    
623,148
  
2016
    
977,414
  
2017
    
640,480
  
2018 and thereafter
    
932,546
  
    Total
  
$
3,996,450