Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,858,917) $ (2,223,061)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,020,892 133,381
Amortization of discount on convertible notes payable    117,992
Loss on change in fair value of derivative warrant liability 209,035   
Non-cash compensation      
Common stock issued for services and compensation    461,392
Warrants and options issued for services and compensation 519,840 525,163
Provision for loss on advanced commissions 42,250   
(Gain) loss on settlement of accounts payable for common stock (21,000) 47,856
Gain on settlement of accounts payable for cash (15,789)   
Induced debt conversion expense    46,701
Gain on change in fair value of warrant payable (493,400)   
Changes in operating assets and liabilities:    
Accounts receivable and other receivables (248,056)   
Inventory (250,398)   
Advanced commissions (27,250) (18,500)
Prepaid expenses and other current assets 11,144 51,152
Deposits (3,546)   
Other assets 52,869 34,016
Accounts payable and accrued expenses 544,964 276,579
Deferred revenue 425,115 777,531
Deferred rent (2,814) (1,899)
Accrued interest - related party    (5)
Net Cash (Used in)/ Provided by Operating Activities (2,095,061) 228,298
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of automobile (137,165)   
Purchase of electric charging stations (222,623) (859,547)
Cash from acquisitions in excess of amount paid    (171,075)
Net Cash Used in Investing Activities (359,788) (1,030,622)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Restricted cash for the purchase of inventory (450,046)   
Sale of common stock, net of issuance costs    1,958,069
Payment of notes and convertible notes payable (28,117) (148,972)
Net Cash (Used In)/Provided by Financing Activities (478,163) 1,809,097
NET INCREASE/(DECREASE) IN CASH (2,933,012) 1,006,773
CASH AT THE BEGINNING OF PERIOD 7,837,339 13,416
CASH AT END OF PERIOD 4,904,327 1,020,189
Cash Paid For:    
Interest expenses 529 3,310
Income taxes      
NONCASH INVESTING AND FINANCING ACTIVITIES    
Issuance of Common stock issued in exchange for conversion of warrants 469   
Common stock issued for settlement of accounts payable 4,999 85,390
Issuance of common stock for services previously accrued 137,000   
Purchase of software development for common stock    150,000
Software development costs reclassified from other assets to prepaid and other current assets 150,000   
Issuance of common stock for acquisition    2,000,000
Issuance of note payable for acquisition    $ 461,150