Blink Charging Co. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Condensed Consolidated Statements of Cash Flows (USD $)	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (19,419,184)us-gaap_ProfitLoss	$ (15,800,437)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,665,377us-gaap_DepreciationAndAmortization	1,401,014us-gaap_DepreciationAndAmortization
Amortization of discount on convertible notes payable	0us-gaap_AdjustmentForAmortization	126,783us-gaap_AdjustmentForAmortization
Gain on change in fair value of derivative warrant liability	(685,304)us-gaap_GainLossOnSaleOfDerivatives	0us-gaap_GainLossOnSaleOfDerivatives
Release from liability from US Department of Energy	(482,611)us-gaap_OtherNonoperatingIncome	0us-gaap_OtherNonoperatingIncome
Provision for loss on advanced commissions	95,500ccgi_AllowanceForAdvancedCommissions	350,000ccgi_AllowanceForAdvancedCommissions
(Gain) loss on settlement of accounts payable for common stock and cash	(21,000)	47,856
Loss on repayment of convertible notes payable	0	46,701
(Gain) loss on change in fair value of warrants payable	(960,636)us-gaap_DerivativeGainOnDerivative	309,000us-gaap_DerivativeGainOnDerivative
Impairment of goodwill	4,901,261us-gaap_GoodwillImpairmentLoss	0us-gaap_GoodwillImpairmentLoss
Impairment and loss of title of charging stations	2,854,422us-gaap_OtherAssetImpairmentCharges	0us-gaap_OtherAssetImpairmentCharges
Incremental registration rights penalty for payment in Series C convertible stock	311,000ccgi_RegistrationRightsPenalty	0ccgi_RegistrationRightsPenalty
Provision for inventory shrinkage	100,000ccgi_ProvisionForInventoryShrinkage	0ccgi_ProvisionForInventoryShrinkage
Public information penalty	72,667ccgi_PublicInformationPenalty	0ccgi_PublicInformationPenalty
Provision for warrants payable	3,347ccgi_ProvisionForWarrantLiability	309,000ccgi_ProvisionForWarrantLiability
Loss on replacement of charging stations	19,848	0
Debt conversion expense	0ccgi_DebtConversionExpense	687,286ccgi_DebtConversionExpense
Return of common stock due to arbitration	0	(371,250)
Common stock issued for services and compensation	0	2,281,905
Warrants and options issued for services, compensation and fees	3,325,968us-gaap_ShareBasedCompensation	7,910,076us-gaap_ShareBasedCompensation
Changes in operating assets and liabilities:
Accounts receivable and other receivables	(85,922)	0
Inventory	(325,598)us-gaap_IncreaseDecreaseInInventories	0us-gaap_IncreaseDecreaseInInventories
Advanced commissions	(104,750)	(68,250)
Prepaid expenses and other current assets	(106,131)	(66,411)
Deposits	0	(10)
Other assets	110,379	21,836
Accounts payable and accrued expenses	644,250	1,079,058
Deferred revenue	432,896	833,153
Deferred rent	(9,942)	(6,916)
Accrued interest -related party	0	(5)
Net Cash Used in Operating Activities:	(6,664,163)	(1,218,611)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of accounts receivable	0us-gaap_PaymentsToAcquireReceivables	(163,292)us-gaap_PaymentsToAcquireReceivables
Purchase of office and computer equipment	0	(1,177)
Purchase of automobile	(137,165)	0
Purchase of electric charging stations	(460,797)	(967,281)
Purchase of network software	(162,150)	0
Cash from acquisitions in excess of amount paid	0	9,345
Net Cash Used in Investing Activities	(760,112)	(1,122,405)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of notes payable	0us-gaap_ProceedsFromNotesPayable	145,000us-gaap_ProceedsFromNotesPayable
Sale of common stock, net of issuance cost	0	2,964,695
Restricted cash as security deposit for space rental	(210,671)	0
Payment of notes and convertible notes payable	(49,469)us-gaap_RepaymentsOfNotesPayable	(725,029)us-gaap_RepaymentsOfNotesPayable
Net Cash (used in) Provided by Financing Activities	(260,140)	2,384,666
NET INCREASE /(DECREASE) IN CASH	(7,684,415)	43,650
CASH AT THE BEGINNING OF THE PERIOD	7,837,339	13,416
CASH AT END OF PERIOD	152,924	57,066
Cash Paid For:
Interest expense	1,473us-gaap_InterestPaid	36,213us-gaap_InterestPaid
Income taxes	0us-gaap_IncomeTaxesPaid	0us-gaap_IncomeTaxesPaid
NONCASH INVESTING AND FINANCING ACTIVITIES
Issuance of common stock issued in exchange for conversion of warrants	469	0
Issuance of warrants in consideration of equity investment	0	1,195,888
Common stock issued for settlement of accounts payable	4,999	213,331
Common stock issued for debt and interest	0	852,491
Conversion of Series B Convertible Preferred Shares into common shares	0us-gaap_ConversionOfStockAmountIssued1	1,500us-gaap_ConversionOfStockAmountIssued1
Conversion of notes payable into common stock and warrants	0	165,205
Issuance of common stock for services previously accrued	137,000	0
Purchase of software development for common stock	0	150,000
Purchase of accounts receivable for common stock	0	127,491
Software development costs reclassified from other assets to prepaid and other current assets	150,000	0
Reclassification of chargers to other assets	512,089	0
Acquisition of treasury stock at cost	0	450,000
Issuance of common stock for acquisitions	0	3,750,000
Issuance of note payable for acquisition	0us-gaap_ProceedsFromIssuanceOfDebt	1,005,918us-gaap_ProceedsFromIssuanceOfDebt
Extinguishment of partial derivative liability	4,355,345	0
Warrants issued in exchange for derivative warrant liabilities	$ 1,385,167	$ 0