Romeo Power, Inc.

2020 Q4 Form 10-K Financial Statement

#000110465921050862 Filed on April 15, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $292.4M $292.4M $429.0K
YoY Change 68058.51% 24266.67%
Cash & Equivalents $292.4M $292.4M $429.0K
Short-Term Investments $0.00
Other Short-Term Assets $1.300M $1.300M $200.0K
YoY Change 550.0% 550.0%
Inventory $4.937M $4.900M $6.670M
Prepaid Expenses $1.269M $1.616M
Receivables $841.0K $800.0K $307.0K
Other Receivables $6.000M $6.000M
Total Short-Term Assets $305.5M $305.5M $15.02M
YoY Change 1933.61% 21721.43%
LONG-TERM ASSETS
Property, Plant & Equipment $5.484M $11.20M $6.573M
YoY Change -16.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $35.00M $35.00M
YoY Change
Other Assets $2.831M $4.300M $1.296M
YoY Change 118.44% -98.16%
Total Long-Term Assets $50.55M $50.50M $17.56M
YoY Change 187.95% -78.34%
TOTAL ASSETS
Total Short-Term Assets $305.5M $305.5M $15.02M
Total Long-Term Assets $50.55M $50.50M $17.56M
Total Assets $356.0M $356.0M $32.58M
YoY Change 992.89% 51.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.900M $2.900M $5.811M
YoY Change -50.09% 2800.0%
Accrued Expenses $2.844M $3.700M $1.197M
YoY Change 137.59% 3600.0%
Deferred Revenue $815.0K $289.0K
YoY Change 182.01%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.260M $2.500M $5.000M
YoY Change -54.8%
Total Short-Term Liabilities $16.06M $16.10M $19.56M
YoY Change -17.93% 3120.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.082M $1.100M $5.225M
YoY Change -79.29%
Other Long-Term Liabilities $17.00K $143.2M $268.0K
YoY Change -93.66% 1584.71%
Total Long-Term Liabilities $1.099M $144.3M $5.493M
YoY Change -79.99% 1597.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.06M $16.10M $19.56M
Total Long-Term Liabilities $1.099M $144.3M $5.493M
Total Liabilities $160.3M $160.3M $30.01M
YoY Change 434.39% 1681.11%
SHAREHOLDERS EQUITY
Retained Earnings -$181.6M -$169.8M
YoY Change 6.91%
Common Stock $12.00K $4.756M
YoY Change -99.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $195.7M $195.7M $2.573M
YoY Change
Total Liabilities & Shareholders Equity $356.0M $356.0M $32.58M
YoY Change 992.89% 51.75%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4

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CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
32000000
CY2019 rmo Payments For Redemption Of Common Stock
PaymentsForRedemptionOfCommonStock
8136000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5027000
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
56639000
CY2020 rmo Proceeds From Recapitalization Transaction Net Of Transaction Costs
ProceedsFromRecapitalizationTransactionNetOfTransactionCosts
345831000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
110000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41000
CY2020 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2102000
CY2019 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2565000
CY2019 rmo Payments For Financed Capital Expenditures
PaymentsForFinancedCapitalExpenditures
187000
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
284000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
31000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1164000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
358217000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
48553000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
292013000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
418000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1929000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1511000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
293942000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1929000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
292442000
CY2020Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1500000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
429000
CY2019Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
1500000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
293942000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1929000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
595000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
4486000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
583000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1030000
CY2020 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
7709000
CY2019 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
31846000
CY2019 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
329000
CY2019 rmo Debt Proceeds Allocated To Stock Warrants
DebtProceedsAllocatedToStockWarrants
2047000
CY2019 rmo Exercise Of Warrants In Exchange For Note Receivable
ExerciseOfWarrantsInExchangeForNoteReceivable
9123000
CY2019 rmo Investment In Joint Venture
InvestmentInJointVenture
4000000
CY2020 rmo Reverse Recapitalization Effect On Additional Paid In Capital
ReverseRecapitalizationEffectOnAdditionalPaidInCapital
-172779000
CY2019 us-gaap Stock Issued1
StockIssued1
4000000
CY2020 rmo Transaction Costs Included In Accounts Payable And Accrued Expenses
TransactionCostsIncludedInAccountsPayableAndAccruedExpenses
172000
CY2020 rmo Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
0.121730
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 11pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b>—The preparation of the financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Our significant estimates relate to revenues and associated cost recognition; the useful lives assigned to and the recoverability of property, plant, and equipment; reserves recorded for inventory obsolescence; reserves recorded for warranty liabilities; the incremental borrowing rate for lease liabilities; the initial fair value of certain equity method investments; and the determination of the fair value of debt and equity instruments, including common stock, warrants, and stock-based compensation awards. We base these estimates on historical experience and on various other assumptions believed to be reasonable under the circumstances. Actual results could differ from our estimates.</p>
CY2020Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
240000
CY2019 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2020 rmo Payment Term Minimum
PaymentTermMinimum
P30D
CY2020 rmo Payment Term Maximum
PaymentTermMaximum
P60D
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8000000.00
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11240000
CY2020Q4 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
82037151
CY2020Q4 rmo Business Combination Conversion Price
BusinessCombinationConversionPrice
0.4339
CY2019Q1 rmo Business Combination Underwriting Fees Settled In Connection With Ipo
BusinessCombinationUnderwritingFeesSettledInConnectionWithIpo
8050000.00
CY2020Q4 rmo Business Combination Direct And Incremental Costs
BusinessCombinationDirectAndIncrementalCosts
40490000
CY2020Q4 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
170000
CY2020Q4 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
12170000
CY2020 rmo Gross Proceeds From Recapitalization Transaction
GrossProceedsFromRecapitalizationTransaction
394196000
CY2020 rmo Business Combination Underwriting Fees Settled In Connection With Ipo
BusinessCombinationUnderwritingFeesSettledInConnectionWithIpo
8050000
CY2020 rmo Payments Made To Underwriters
PaymentsMadeToUnderwriters
22513000
CY2020 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
17802000
CY2020 rmo Proceeds From Recapitalization Transaction Net Of Transaction Costs
ProceedsFromRecapitalizationTransactionNetOfTransactionCosts
345831000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
289000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-3167000
CY2020 rmo Contract With Customer Liability Increase Due To Billings
ContractWithCustomerLiabilityIncreaseDueToBillings
3693000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
815000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
555370000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
555370000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
23350000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
442740000
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
89280000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8974000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8488000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8974000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8488000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11647000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10748000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6163000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4175000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5484000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6573000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1990000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1870000
CY2020 us-gaap Lessee Finance Lease Existence Of Option To Extend
LesseeFinanceLeaseExistenceOfOptionToExtend
true
CY2020 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2020Q4 us-gaap Lessee Finance Lease Renewal Term1
LesseeFinanceLeaseRenewalTerm1
P10Y
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
912000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
912000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
283000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
62000
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
48000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
15000
CY2020 us-gaap Lease Cost
LeaseCost
331000
CY2019 us-gaap Lease Cost
LeaseCost
77000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
899000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
878000
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
48000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
15000
CY2020 rmo Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
283000
CY2019 rmo Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
31000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5469000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5707000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
853000
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
851000
CY2019 rmo Effective Income Tax Rate Reconciliation Nondeductible Expense Interest Expense On Converted Debt
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInterestExpenseOnConvertedDebt
-0.039
CY2019 rmo Effective Income Tax Rate Reconciliation Gain Loss On Extinguishment On Converted Debt
EffectiveIncomeTaxRateReconciliationGainLossOnExtinguishmentOnConvertedDebt
-0.010
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
282000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4723000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4949000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5576000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
315000
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
17000
CY2019 rmo Effective Income Tax Rate Reconciliation Gain Loss From Joint Venture
EffectiveIncomeTaxRateReconciliationGainLossFromJointVenture
-0.006
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
268000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5800000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
269000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
551000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
299000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
583000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.120
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.120
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.112
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.112
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
901000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
295000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
902000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
19000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
902000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
902000
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
902000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5489000
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9998000
CY2020Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
314000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4422000
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
15000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
5576000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
299000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
8191000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.031
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.004
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
49583000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4064000
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5535000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
531000
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
462000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
342000
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
673000
CY2020Q4 us-gaap Inventory Net
InventoryNet
4937000
CY2019Q4 us-gaap Inventory Net
InventoryNet
6670000
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
3110000
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
1740000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2480000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3342000
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
3342000
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
10325000
CY2019Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
100000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2260000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1082000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5225000
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5320000
CY2020Q4 rmo Percentage Of Applicable Federal Rate
PercentageOfApplicableFederalRate
0.15
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2259000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1053000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
12000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
12000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
6000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
3342000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1975000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
9630000
CY2020 rmo Threshold Period For Not Transfer Of Warrants Including Shares Upon Exercise Of Warrants After Business Combination
ThresholdPeriodForNotTransferOfWarrantsIncludingSharesUponExerciseOfWarrantsAfterBusinessCombination
P30D
CY2020Q4 us-gaap Share Price
SharePrice
9.20
CY2020Q4 us-gaap Share Price
SharePrice
9.20
CY2020Q4 rmo Number Of Shares Authorized To Issue Common Stock And Preferred Stock
NumberOfSharesAuthorizedToIssueCommonStockAndPreferredStock
260000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3567000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1566000
CY2020Q4 rmo Maximum Number Of Shares May Issue Pursuant To Stock Awards
MaximumNumberOfSharesMayIssuePursuantToStockAwards
15000000
CY2020 rmo Number Of Shares Subject To Outstanding Pursuant To Issue Of Stock Awards
NumberOfSharesSubjectToOutstandingPursuantToIssueOfStockAwards
11290900
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.315
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.044
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.158
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.036
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.016
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.002
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1.762
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.229
CY2020 rmo Effective Income Tax Rate Reconciliation Purchase Money Debt Reduction
EffectiveIncomeTaxRateReconciliationPurchaseMoneyDebtReduction
-0.107
CY2020 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.291
CY2020 rmo Effective Income Tax Rate Reconciliation Change In Fair Market Value Of Warrants
EffectiveIncomeTaxRateReconciliationChangeInFairMarketValueOfWarrants
0.942
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
955000
CY2020Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
88000
CY2020Q4 rmo Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
1543000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1239000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
667000
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
6771000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
34419000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
60179000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
45252000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
386000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
465000
CY2020Q4 rmo Deferred Tax Assets Operating Lease Right Of Use Assets
DeferredTaxAssetsOperatingLeaseRightOfUseAssets
1507000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
1893000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
465000
CY2020Q4 rmo Deferred Tax Assets Liabilities Net Before Adjustment For Valuation Allowance
DeferredTaxAssetsLiabilitiesNetBeforeAdjustmentForValuationAllowance
58286000
CY2019Q4 rmo Deferred Tax Assets Liabilities Net Before Adjustment For Valuation Allowance
DeferredTaxAssetsLiabilitiesNetBeforeAdjustmentForValuationAllowance
44787000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
58286000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
44787000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1603000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
266000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1869000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1869000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-7617000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-59854000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77741339
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58793480
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77741339
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58793480
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.02
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.02
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26602189
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
26602189
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21873178
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2020 rmo Number Of Individuals
NumberOfIndividuals
2
CY2020 us-gaap Revenues
Revenues
8974000
CY2019 us-gaap Revenues
Revenues
8488000
CY2020 us-gaap Gross Profit
GrossProfit
-8991000
CY2019 us-gaap Gross Profit
GrossProfit
-8749000
CY2020Q4 rmo Maximum Agreed Fund To Purchase Battery Electric Vehicle Trucks And Charging Infrastructure
MaximumAgreedFundToPurchaseBatteryElectricVehicleTrucksAndChargingInfrastructure
10000000.00
CY2020Q4 rmo Minimum Procurement Of Battery Electric Vehicles If Pilot Program Is Successful
MinimumProcurementOfBatteryElectricVehiclesIfPilotProgramIsSuccessful
P1Y
CY2019 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
4590000
CY2020Q3 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
6000000.0
CY2019Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
6000000.0
CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
6000000.0
CY2019Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
6000000.0
CY2020Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
6000000.0

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