CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (2,467,502)	$ (1,935,789)	$ (4,995,623)	$ (3,672,027)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation			548,008	23,560
Depreciation and amortization			47,436	113,131
Non-cash interest expense				155,148
Impairment of inventory				851,206
Equity in loss of unconsolidated affiliate			208,289
Changes in operating assets and liabilities:
Accounts receivable			1,831	(92,871)
Notes and other receivables				95,196
Project assets			3,727,536
Inventories			(2,487,787)	95,287
Tax receivable, net			282,269
Prepaid expenses and other current assets			(473,983)	(300,858)
Accounts payable			(1,798,408)	330,313
Accounts payable, related party			561,371	15,101
Deferred revenue			1,982,366
Accrued expenses			650,978	150,964
Net cash used in operating activities			(1,745,717)	(2,235,850)
Cash flows from investing activities:
Proceeds of notes receivable			43,221		$ 202,703
Cash paid for purchase of intangible assets			(62,767)	(11,771)
Cash paid for purchase of land use rights			(3,053,707)
Purchase of energy storage assets and equipment				(2,137,865)
Net cash used in investing activities			(3,073,253)	(2,149,636)
Cash flows from financing activities:
Proceeds from third party borrowings			1,529,588	2,150,000
Payment on third party borrowings			(58,707)
Proceeds from related party borrowings			1,375,730	6,159,321
Payment on related party borrowings			(1,109,516)	(202,071)
Net cash provided by financing activities			1,737,095	8,107,250
Effect of foreign exchange on cash			144
Net increase (decrease) in cash, cash equivalents and restricted cash			(3,081,731)	3,721,764
Cash, cash equivalents and restricted cash, beginning of period			3,524,029	432,044	432,044
Cash, cash equivalents and restricted cash, end of period	$ 442,298	$ 4,153,808	442,298	4,153,808	$ 3,524,029
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid			161,804	58,333
Income taxes paid				3,750
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Preferred stock converted to common stock				1,150,900
Deconsolidation of third party debt			4,095,691
Equity method investment retained upon sale of 50% of subsidiary			$ 8,212,925

POWIN ENERGY CORP 10-Q