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Re: None

Thursday, 06/18/2015 5:08:39 PM

Thursday, June 18, 2015 5:08:39 PM

Post# of 5215
I don't remember seeing a PR on this news:

On April 2, 2015, the Company was notified by a host to remove 304 level 2 charging stations from its various locations throughout the United States, installed by 350 Green prior to the Company’s acquisition of 350 Green and currently owned by EVSE. The customer alleged material breaches by 350 Green of the Charging Station License Agreement between the parties. As a result of the notification, the Company performed an impairment test on the related charging stations and concluded the stations were fully impaired resulting in an impairment charge of $333,974, the net book value of the charging stations as of September 30, 2014.




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