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ACCOUNTS RECEIVABLE
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2014
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| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ACCOUNTS RECEIVABLE |
Accounts and other receivables consist of the following as of September 30, 2014 and December 31, 2013:
ECOtality
The amount due from the estate of ECOtality of $94,035 at September 30, 2014 consists of Blink revenue received by the estate for charging services rendered after the execution of the Asset Purchase Agreement with the estate offset by expenses paid by the estate on behalf of the Company. This amount due from the estate of Ecotality was subsequently forgiven as part of the consideration to acquire a 49.9% stake in the reorganized Ecotalilty as more fully described in Note 19 – Subsequent Events. Accounts receivable- Charging revenues The receivable represents amounts due from the Company’s credit card processor as a result of drivers of electric vehicles paying to charge their cars by credit card. Nissan North America – No Charge to Charge The Company, on June 30, 2014, and other providers of Electric Vehicle Supply Equipment (“EVSE”) services (collectively “EVSE Providers”) entered into agreement to provide free electric charging to purchasers of Nissan Leafs in certain markets in the United States commencing in July 2014. Nissan pays the EVSE Providers a fixed monthly amount per Nissan Leaf purchaser for a two year period. The receivable balance at September 30, 2014 represents the Company’s share of the Nissan EVSE Provider payments for the service months of July 2014 through September 2014 which were paid in full in October 2014. |
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