Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2014
Accounting Policies [Abstract]  
Schedule of estimated useful life of property and equipment
Depreciation and amortization are calculated on a straight-line basis over the estimated useful lives of the assets, as set forth in the table below.
 
 
 
Useful
Lives 
(in Years)
 
Computer software and office and computer equipment
 
3-5 years
 
Machinery and equipment, automobiles, furniture & fixtures
 
3-10 years
 
Installed Level 2 electric vehicle charging stations
 
3 years
 
Installed Level 3 (DC Fast Chargers (“DCFC”)) electric vehicle charging stations
 
5 years
 
Schedule of outstanding diluted shares outstanding from diluted loss per share computation
The following table shows the number of potentially outstanding dilutive shares excluded from the diluted net loss per share calculation for the six months ended June 30, 2014 and 2013, as they were anti-dilutive.
 
 
 
2014
 
2013
 
Convertible notes
 
 
—
 
 
199,856
 
 
 
 
 
 
 
 
 
Preferred stock issued
 
 
25,000,000
 
 
25,000,000
 
 
 
 
 
 
 
 
 
Warrants
 
 
44,032,962
 
 
9,375,658
 
 
 
 
 
 
 
 
 
Options
 
 
7,324,665
 
 
4,484,950
 
Total Potential Dilutive Shares
 
 
76,357,687
 
 
39,060,464