Quarterly report pursuant to Section 13 or 15(d)

ACCRUED U.S. DEPARTMENT of ENERGY FEE

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ACCRUED U.S. DEPARTMENT of ENERGY FEE
6 Months Ended
Jun. 30, 2014
Accrued Liabilities [Abstract]  
ACCRUED U.S. DEPARTMENT of ENERGY FEE
8.
ACCRUED U.S. DEPARTMENT of ENERGY FEE
 
In conjunction with the U.S. Department of Energy (“DOE”) grant, the DOE owns 51% of all property reimbursed under the terms of the grant with a fair value in excess of $5,000 but allows for the grantee to purchase the DOE’s share at the end of the grant. The DOE grant is currently under novation negotiations and terminated as of December 31, 2013.  The Company has accrued a liability of 51% of the net book value of all DC fast chargers in inventory and installed as of June 30, 2014 and December 31, 2013 subject to the resolution of the novation negotiations. As of August 19, 2014, the Company has not received a request from the DOE to purchase the units.