SEC Info - Envision Solar International, Inc. - ‘10-K’ for 12/31/19

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Envision Solar International, Inc. – ‘10-K’ for 12/31/19 – ‘R20’

On: Monday, 3/30/20, at 4:16pm ET · For: 12/31/19 · Accession #: 1683168-20-1022 · File #: 1-38868

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/30/20  Envision Solar Int’l, Inc.        10-K       12/31/19   79:4.5M                                   GlobalOne Filings Inc/FA

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    538K 
 2: EX-4.1      Description of Our Securities                       HTML     26K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     22K 
51: R1          Document and Entity Information                     HTML     61K 
29: R2          Balance Sheets                                      HTML    128K 
37: R3          Balance Sheets (Parenthetical)                      HTML     48K 
77: R4          Statements of Operations                            HTML     63K 
52: R5          Statements of Operations (Parenthetical)            HTML     24K 
30: R6          Statements of Changes in Stockholders' Equity       HTML     71K 
                (Deficit)                                                        
38: R7          Statements of Cash Flows                            HTML    138K 
75: R8          1. Corporate Organization, Nature of Operations     HTML     72K 
                and Summary of Significant Accounting Policies                   
54: R9          2. Liquidity                                        HTML     27K 
68: R10         3. Accounts Receivable, and Deferred Revenue        HTML     26K 
62: R11         4. Prepaid Expenses and Other Current Assets        HTML     27K 
16: R12         5. Inventory                                        HTML     28K 
43: R13         6. Property and Equipment                           HTML     31K 
69: R14         7. Accrued Expenses                                 HTML     28K 
63: R15         8. Convertible Line of Credit                       HTML     36K 
17: R16         9. Convertible Note Payable - Related Party         HTML     29K 
44: R17         10. Convertible Notes Payable                       HTML     49K 
70: R18         11. Note Payable                                    HTML     30K 
61: R19         12. Auto Loan                                       HTML     24K 
23: R20         13. Commitments and Contingencies                   HTML     30K 
31: R21         14. Common Stock                                    HTML     51K 
72: R22         15. Stock Options and Warrants                      HTML     73K 
48: R23         16. Revenues                                        HTML     29K 
24: R24         17. Income Taxes                                    HTML     41K 
32: R25         18. Related Party Transactions                      HTML     44K 
73: R26         19. Subsequent Events                               HTML     26K 
49: R27         1. Corporate Organization, Nature of Operations     HTML    141K 
                and Summary of Significant Accounting Policies                   
                (Policies)                                                       
22: R28         4. Prepaid Expenses and Other Current Assets        HTML     26K 
                (Tables)                                                         
33: R29         5. Inventory (Tables)                               HTML     29K 
47: R30         6. Property and Equipment (Tables)                  HTML     29K 
19: R31         7. Accrued Expenses (Tables)                        HTML     27K 
60: R32         10. Convertible Notes Payable (Tables)              HTML     31K 
67: R33         14. Common Stock (Tables)                           HTML     28K 
46: R34         15. Stock Options and Warrants (Tables)             HTML     70K 
18: R35         16. Revenues (Tables)                               HTML     27K 
59: R36         17. Income Taxes (Tables)                           HTML     38K 
66: R37         1. Corporate Organization, Nature of Operations     HTML     74K 
                and Summary of Significant Accounting Policies                   
                (Details Narrative)                                              
45: R38         2. Liquidity (Details Narrative)                    HTML     36K 
20: R39         3. Accounts Receivable, and Deferred Revenue        HTML     27K 
                (Details Narrative)                                              
36: R40         4. Prepaid Expenses and Other Current Assets        HTML     36K 
                (Details)                                                        
26: R41         5. Inventory (Details)                              HTML     35K 
56: R42         6. Property and Equipment (Details)                 HTML     41K 
79: R43         6. Property and Equipment (Details Narrative)       HTML     27K 
35: R44         7. Accrued Expenses (Details)                       HTML     46K 
25: R45         8. Convertible Line of Credit (Details Narrative)   HTML     74K 
55: R46         9. Convertible Note Payable - Related Party         HTML     39K 
                (Details Narrative)                                              
78: R47         10. Convertible Notes Payable (Details -            HTML     42K 
                Convertible notes payable)                                       
34: R48         10. Convertible Notes Payable (Details Narrative)   HTML     49K 
27: R49         11. Note Payable (Details Narrative)                HTML     67K 
14: R50         12. Auto Loan (Details Narrative)                   HTML     29K 
40: R51         13. Commitments and Contingencies (Details          HTML     32K 
                Narrative)                                                       
64: R52         14. Common Stock (Details)                          HTML     43K 
57: R53         14. Common Stock (Details Narrative)                HTML    136K 
15: R54         15. Stock Options and Warrants                      HTML     37K 
                (Details-Assumptions)                                            
41: R55         15. Stock Options and Warrants (Details-Option      HTML     57K 
                Activity)                                                        
65: R56         15. Stock Options and Warrants (Details-Options     HTML     61K 
                Outstanding and Exercisable)                                     
58: R57         15. Stock Options and Warrants (Details-Warrant     HTML     53K 
                Activity)                                                        
13: R58         15. Stock Options and Warrants (Details Narrative)  HTML     72K 
42: R59         16. Revenues (Details)                              HTML     28K 
74: R60         16. Revenues (Details Narrative)                    HTML     29K 
53: R61         17. Income Taxes (Details-Tax Expense)              HTML     44K 
28: R62         17. Income Taxes (Details-Deferred tax assets and   HTML     65K 
                liabilities)                                                     
39: R63         17. Income Taxes (Details Narrative)                HTML     41K 
76: R64         18. Related Party Transactions (Details Narrative)  HTML    104K 
71: XML         IDEA XML File -- Filing Summary                      XML    141K 
21: EXCEL       IDEA Workbook of Financial Reports                  XLSX     92K 
 7: EX-101.INS  XBRL Instance -- evsi-20191231                       XML   1.09M 
 9: EX-101.CAL  XBRL Calculations -- evsi-20191231_cal               XML    198K 
10: EX-101.DEF  XBRL Definitions -- evsi-20191231_def                XML    583K 
11: EX-101.LAB  XBRL Labels -- evsi-20191231_lab                     XML    931K 
12: EX-101.PRE  XBRL Presentations -- evsi-20191231_pre              XML    847K 
 8: EX-101.SCH  XBRL Schema -- evsi-20191231                         XSD    138K 
50: ZIP         XBRL Zipped Folder -- 0001683168-20-001022-xbrl      Zip    133K

‘R20’ — 13. Commitments and Contingencies

This is an IDEA Financial Report. [ Alternative Formats ]

13. COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

13.

COMMITMENTS AND CONTINGENCIES

Legal Matters:

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of December 31, 2019, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations.

Leases:

In August 2016, the Company entered into a sublease for its current corporate headquarters and manufacturing facility. The sublease expires in August 2020 which is the same term of the master lease for which the Company is the subtenant. Monthly lease payments range from $48,672 per month currently increasing to $50,619 per month for the final year of the lease.

In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02: “Leases (Topic 842)” whereby lessees need to recognize almost all leases on their balance sheet as a right of use asset and a corresponding lease liability. The Company adopted this standard as of January 1, 2019 using the effective date method. We calculated the present value of the remaining lease payment stream using our incremental effective borrowing rate of 10%. We initially recorded a right to use asset and corresponding lease liability amounting to $872,897 on January 1, 2019. The right-of-use asset and the corresponding lease liability are being equally amortized on a straight-line basis over the remaining term of the lease. The right-of-use asset has been further reduced by our deferred rent amounting to $32,771 as of December 31, 2019. As of December 31, 2019, we have a right-of-use asset amounting to $316,389 recorded in Property and Equipment (See Note 6), and corresponding liability in Accrued Expenses amounting to $349,160 related to this lease (See Notes 5, 6 and 7).

Other Commitments:

The Company enters into various contracts or agreements in the normal course of business whereby such contracts or agreements may contain commitments. Since inception, the Company entered into agreements to act as a reseller for certain vendors; joint development contracts with third parties; referral agreements where the Company would pay a referral fee to the referrer for business generated; sales agent agreements whereby sales agents would receive a fee equal to a percentage of revenues generated by the agent; business development agreements and strategic alliance agreements where both parties agree to cooperate and provide business opportunities to each other and in some instances, provide for a right of first refusal with respect to certain projects of the other parties; agreements with vendors where the vendor may provide marketing, investor relations, public relations, technical consulting or subcontractor services, vendor arrangements with non-binding minimum purchasing provisions, and financial advisory agreements where the financial advisor would receive a fee and/or commission for raising capital for the Company. All expenses and liabilities relating to such contracts were recorded in accordance with generally accepted accounting principles during the periods. Although such agreements increase the risk of legal actions against the Company for potential non-compliance, there were no financial exposures that were not accounted for in our financial statements.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed on:	3/30/20	8-K
For Period end:	12/31/19	10-K/A, NT 10-K
	1/1/19
		List all Filings

6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/31/23  Beam Global                       10-K       12/31/22   73:5.3M                                   GlobalOne Filings Inc/FA
 9/16/22  Beam Global                       S-1                   15:783K                                   GlobalOne Filings Inc/FA
 3/31/22  Beam Global                       10-K       12/31/21   69:4.9M                                   GlobalOne Filings Inc/FA
 3/30/21  Beam Global                       10-K       12/31/20   80:4.4M                                   GlobalOne Filings Inc/FA
11/27/20  Beam Global                       424B5      11/25/20    1:255K                                   GlobalOne Filings Inc/FA
 8/27/20  Beam Global                       S-8         8/27/20    3:93K                                    GlobalOne Filings Inc/FA

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Filing Submission 0001683168-20-001022 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)