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CAR CHARGING GROUP. INC.
<br />(A DEVELOPMENT STAGE COMPANY)
<br />Consolidated Balance Sheets
<br />ASSETS
<br />Accounts payable and accrued expenses
<br />September 30,
<br />$ 183,065
<br />Accrued expenses, related parties
<br />2010
<br />December 3l,
<br />Current maturities of Convertible notes payable, net of discount of 521,067
<br />(Unaudited)
<br />2009
<br />Current Assets:
<br />121,729
<br />184,965
<br />Cash
<br />$ 1,045,822
<br />$ 603,156
<br />Inventory
<br />45,368
<br />72,768
<br />Prepaid expenses and other current assets
<br />92,769
<br />95,694
<br />Total current assets
<br />1,183,959
<br />771,618
<br />OTHER ASSETS:
<br />Security deposits
<br />36,468
<br />36,257
<br />EV Charging Stations (net of accumulated depreciation of S2,897 and S0, respectively)
<br />24,374
<br />-
<br />Office and computer equipment (net of accumulated depreciation of S 3,660 and S 441, respectively)
<br />23,307
<br />17,191
<br />Total other assets
<br />84,149
<br />53,4¢8
<br />TOTAL ASSETS
<br />$ 1,268,108
<br />$ 825,066
<br />LIABILITIES AND STOCKHOLDERS' DEFICIT
<br />Current Liabilities:
<br />Accounts payable and accrued expenses
<br />$ 51,910
<br />$ 183,065
<br />Accrued expenses, related parties
<br />5,885
<br />1,900
<br />Current maturities of Convertible notes payable, net of discount of 521,067
<br />63,934
<br />Total current liabilities
<br />121,729
<br />184,965
<br />Convertible notes payable, net of discount of 543,247 and current maturities
<br />-
<br />56,753
<br />Derivative liabilities
<br />4,437,211
<br />7,126,823
<br />Total liabilities
<br />4,558,940
<br />7,368,541
<br />Stockholders' Deficit:
<br />Series A Convertible Preferred stock: 50.001 par value; 20,000,000 shares authorized and designated as Series A;
<br />10,000,000 shares issued and outstanding
<br />10,000
<br />10,000
<br />Common stock: 50.001 par value; 500,000,000 shares authorized; 89,840,878 and 72,824,214 shares issued and
<br />outstanding, respectively
<br />89,841
<br />72,825
<br />Additional paid -in capital
<br />9,560,558
<br />174,883
<br />Deficit accumulated during the development stage
<br />(12,951,231)
<br />(6,801,183)
<br />Total Stockholders' Deficit
<br />(3.290.832)
<br />(6,543,475)
<br />TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT
<br />$ 1.268,108
<br />$ 825,066
<br />See accompanying notes to the consolidated financial statements
<br />F -I
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