Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 2,280,006 $ 7,837,339
Accounts receivable and other receivables, net of an allowance 379,852 204,544
Inventory 1,683,741 1,441,792
Advanced commissions, net of an allowance of $432,500 and $385,750, respectively 24,500 20,000
Prepaid expenses and other current assets 336,461 271,675
Total current assets 4,704,560 9,786,809
FIXED ASSETS    
EV charging stations, net of accumulated depreciation 6,104,377 5,536,811
Software, net of accumulated amortization of $119,305 and $65,515, respectively 207,030 260,820
Automobiles, net of accumulated depreciation of $64,428 and $39,662, respectively 205,488 93,089
Office and computer equipment, net of accumulated depreciation 44,577 50,682
Machinery and equipment, net of accumulated depreciation of $16,424 and $10,465, respectively 55,085 61,044
Total fixed assets, net 6,616,557 7,485,212
DEPOSITS 45,821 42,275
RESTRICTED CASH 210,585  
INTANGIBLE ASSETS, net of accumulated amortization of $373,510 and $109,854, respectively 699,992 963,648
GOODWILL - 350 Green 1,601,882 1,601,882
OTHER ASSETS 181,711 290,887
TOTAL ASSETS 14,061,108 23,470,092
CURRENT LIABILITES    
Current portion of notes payable 400,979 399,739
Accounts payable 871,439 1,025,279
Accrued expenses 2,422,664 2,037,064
Warrants payable 247,800 1,216,000
Derivative liability payable 4,848,789 9,511,364
Deferred revenue 590,262 196,463
Deferred rent 14,441 13,881
Total current liabilities 17,830,818 23,079,181
DEFERRED REVENUE, net of current portion 916,902 678,392
DEFERRED RENT, net of current portion 0 6,564
NOTES PAYABLE, net of current portion 25,548 129,202
TOTAL LIABILITIES 18,773,268 23,893,339
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' DEFICIT    
Series A Convertible Preferred Stock, $0.001 par value, 10,000,000 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively 10,000 10,000
Common Stock, 500,000,000 shares authorized at $0.001 par value; 77,697,633 and 77,124,833 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 77,698 77,125
Additional paid-in capital 52,082,249 45,399,170
Accumulated deficit (56,882,107) (45,909,542)
TOTAL STOCKHOLDERS' DEFICIT (4,712,160) (423,247)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 14,061,108 23,470,092
350 Green
    
CURRENT ASSETS    
Accounts receivable and other receivables, net of an allowance 0 11,459
FIXED ASSETS    
EV charging stations, net of accumulated depreciation 0 1,478,426
Office and computer equipment, net of accumulated depreciation 0 4,340
GOODWILL - 350 Green 0 3,299,379
CURRENT LIABILITES    
Current portion of notes payable 15,000 40,000
Accounts payable 4,196,864 4,343,140
Accrued expenses 363,072 331,112
Deferred revenue 0 15,631
U.S. Department of Energy fee
    
CURRENT LIABILITES    
Accrued expenses 2,316,508 2,316,508
Registration Rights Penalty
    
CURRENT LIABILITES    
Accrued expenses $ 1,543,000 $ 1,543,000