2024 Q2 Form 10-K Financial Statement
#000121390024039311 Filed on May 03, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 Q3 |
---|---|---|---|
Revenue | $8.872M | $15.12M | $3.638M |
YoY Change | 80.57% | ||
Cost Of Revenue | $6.055M | $10.87M | $1.805M |
YoY Change | 90.07% | ||
Gross Profit | $2.817M | $4.249M | $1.833M |
YoY Change | 63.06% | ||
Gross Profit Margin | 31.75% | 28.1% | 50.4% |
Selling, General & Admin | $5.728M | $1.517M | |
YoY Change | |||
% of Gross Profit | 134.8% | 82.77% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $34.64K | $71.76K | $31.21K |
YoY Change | -35.85% | ||
% of Gross Profit | 1.23% | 1.69% | 1.7% |
Operating Expenses | $2.700M | $5.885M | $1.267M |
YoY Change | 101.16% | ||
Operating Profit | $117.5K | -$1.636M | -$614.2K |
YoY Change | -113.54% | 1972.6% | |
Interest Expense | -$653.4K | $6.650K | |
YoY Change | -94.76% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$1.053M | $171.5K | $484.0K |
YoY Change | -191.74% | 281.45% | |
Pretax Income | -$935.8K | -$2.117M | -$130.3K |
YoY Change | -434.15% | -233.94% | |
Income Tax | -$9.712K | -$515.4K | $91.14K |
% Of Pretax Income | |||
Net Earnings | -$926.1K | -$1.602M | -$221.4K |
YoY Change | -1973.19% | -403.85% | |
Net Earnings / Revenue | -10.44% | -10.59% | -6.09% |
Basic Earnings Per Share | -$0.03 | ||
Diluted Earnings Per Share | -$0.03 | -$0.02 | $0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 31.90M shares | 6.625M shares | 6.625M shares |
Diluted Shares Outstanding | 31.98M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $8.134M | $5.183M | |
YoY Change | |||
Cash & Equivalents | $5.661M | $8.100M | $163.00 |
Short-Term Investments | |||
Other Short-Term Assets | $34.01K | $63.83K | |
YoY Change | |||
Inventory | $10.12M | $11.80M | $11.74M |
Prepaid Expenses | $174.2K | $34.01K | $20.50K |
Receivables | $105.1K | $2.491M | |
Other Receivables | $33.28K | ||
Total Short-Term Assets | $16.29M | $19.97M | $88.69K |
YoY Change | 10633.43% | 2707.22% | -88.8% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $607.6K | $968.7K | $4.921M |
YoY Change | -88.08% | 69.7% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $593.1K | $75.99K | |
YoY Change | |||
Total Long-Term Assets | $5.454M | $5.325M | $37.75M |
YoY Change | -85.27% | -95.46% | -67.56% |
TOTAL ASSETS | |||
Total Short-Term Assets | $16.29M | $19.97M | $88.69K |
Total Long-Term Assets | $5.454M | $5.325M | $37.75M |
Total Assets | $21.75M | $25.29M | $37.83M |
YoY Change | -41.5% | -78.56% | -67.7% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.105M | $768.8K | $878.6K |
YoY Change | 92.04% | 57.93% | |
Accrued Expenses | $1.411M | $687.0K | $150.5K |
YoY Change | 270.72% | 347.83% | 688.91% |
Deferred Revenue | $11.47M | $17.60M | |
YoY Change | 24.22% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $3.205M | ||
YoY Change | |||
Total Short-Term Liabilities | $18.73M | $20.90M | $4.005M |
YoY Change | 439.1% | 2967.84% | 921.54% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $10.68M | $500.0K | |
YoY Change | |||
Other Long-Term Liabilities | $3.727M | $4.068M | |
YoY Change | |||
Total Long-Term Liabilities | $14.41M | $4.568M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $18.73M | $20.90M | $4.005M |
Total Long-Term Liabilities | $14.41M | $4.568M | |
Total Liabilities | $33.83M | $35.31M | $8.381M |
YoY Change | 351.18% | 650.31% | 89.75% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$12.52M | -$10.02M | -$7.332M |
YoY Change | 91.7% | 183.29% | 113.72% |
Common Stock | $435.1K | $3.187K | $313.00 |
YoY Change | 138924.28% | 918.21% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$12.09M | -$10.02M | -$7.331M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $21.75M | $25.29M | $37.83M |
YoY Change | -41.5% | -78.56% | -67.7% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$926.1K | -$1.602M | -$221.4K |
YoY Change | -1973.19% | -403.85% | |
Depreciation, Depletion And Amortization | $34.64K | $71.76K | $31.21K |
YoY Change | -35.85% | ||
Cash From Operating Activities | -$3.725M | -$205.5K | |
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | $528.5K | $12.57K | |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$528.5K | -$12.57K | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 7.687M | 3.123M | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -3.725M | -205.5K | |
Cash From Investing Activities | -528.5K | -12.57K | |
Cash From Financing Activities | 7.687M | 3.123M | |
Net Change In Cash | 3.434M | 2.904M | |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.725M | -$205.5K | |
Capital Expenditures | $528.5K | $12.57K | |
Free Cash Flow | -$4.253M | -$218.1K | |
YoY Change |
Facts In Submission
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ECD AUTOMOTIVE DESIGN, INC. | |
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-1602013 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1459050 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
156962 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
72303 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-56454 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
330111 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
154004 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
72335 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-209810 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-37797 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5733692 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
703330 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-34413 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
61669 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
515444 | usd |
CY2023 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
1700 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
281319 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
227682 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
493576 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
41953 | usd |
CY2023 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
3430482 | usd |
CY2022 | us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
2783050 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
1171581 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
302767 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-247493 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
42169 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5007963 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1494130 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
30000 | usd |
CY2023 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
554815 | usd |
CY2022 | us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
539730 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-554815 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-509730 | usd |
CY2023 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
500000 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
13700000 | usd |
CY2023 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
3088883 | usd |
CY2022 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
2474 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
95537 | usd |
CY2023 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
2533721 | usd |
CY2022 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
280635 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10664595 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-278161 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4619329 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
706239 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3514882 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2808643 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8134211 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3514882 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
95681 | usd |
CY2023 | efht |
Record Righttouse Asset And Lease Liability
RecordRighttouseAssetAndLeaseLiability
|
196797 | usd |
CY2022 | efht |
Record Righttouse Asset And Lease Liability
RecordRighttouseAssetAndLeaseLiability
|
4050612 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <b>1. NATURE OF OPERATIONS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ECD Automotive Design, Inc (the “Company,” “ECD,” “we,” “us,” or “our), formerly known as EF Hutton Acquisition Corporation I (“EFHAC”) (the Company) is engaged in the production and sale of Land Rover vehicle. Since the Company’s commencement of operations in 2013, they have established a facility geared towards producing the most customized Land Rovers with the highest quality of parts and the highest quality labor force building each vehicle. The Company primarily earns revenue from the sale of the customized vehicle directly to the customer. Additionally, revenue is generated from providing repair or upgrade services to customers and from the sale of extended warranties.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 12, 2023, ECD completed the business combination contemplated by the merger agreement dated as of March 3, 2023 (the “Merger Agreement”) by and among EFHAC, Humble Imports Inc., d/b/a ECD Auto Design, a Florida corporation (“Humble” or “ECD”), ECD Auto Design UK, Ltd., an England and Wales corporation (the “ECD UK”), EFHAC Merger Sub, Inc., a Florida corporation (“Merger Sub”) and wholly-owned subsidiary of EFHAC, and Scott Wallace, as the Securityholder Representative. At part of the closing Merger Sub merged with and into ECD with ECD as the surviving corporation and becoming a wholly-owned subsidiary of EFHAC. In connection with the Merger, EFHAC changed its name to “ECD Automotive Design Inc.” or such other name designated by E.C.D. by notice to EFHAC. See Note 5 for further information.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The business combination was accounted for as a reverse recapitalization in accordance with GAAP. Under this method of accounting, although EFHAC acquired the outstanding equity interest in ECD in the business combination, EFHAC is treated as the “acquired company” and ECD was treated as the accounting acquirer for financial statement purposes. Accordingly, the Business Combination was treated as the equivalent of ECD issuing stock for the net assets of EFHAC, accompanied by a recapitalization. The net assets of EFHAC are stated at historical cost, with no goodwill or other intangible assets recorded.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Furthermore, the historical financial statements of ECD became the historical financial statements of the Company upon the consummation of the merger. As a result, the financial statements included in this Annual Report reflect (i) the historical operating results of ECD prior to the merger; (ii) the combined results of EFHAC and ECD following the close of the merger; (iii) the assets and liabilities of ECD at their historical cost and (iv) ECD’s equity structure for all periods presented, as affected by the recapitalization presentation after completion of the merger. See Note 5 - Reverse Capitalization for further details of the merger.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company also consolidates, ECD Audit Design UK LTD (“ECD UK”), a private limited company incorporated on July 16, 2021 in England and Wales. ECD UK was formed for the purpose of procuring parts overseas for the Company. ECD UK is a consolidated variable interest entity (“VIE”) for which the company is the primary beneficiary. The Company is the primary beneficiary of ECD UK as it has both the power to direct the most significant activities impacting its economic performance and the obligation to absorb losses or receive benefits significant to them.</p> | |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
6065612 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
9858723 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3896608 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
14402141 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
193424 | usd |
CY2022Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
14166030 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
203123 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
15411627 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3889658 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
19801285 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-5404018 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5399144 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
14402141 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
12343745 | usd |
CY2022 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
10648868 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
1694877 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3285140 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
3656831 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1961954 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1459050 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-14591 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1459050 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-5404018 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-5399144 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1459050 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
154004 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
703330 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
41953 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
2783050 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
42169 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
11740301 | usd |
CY2023Q3 | us-gaap |
Assets Current
AssetsCurrent
|
17019954 | usd |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3849876 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
21457734 | usd |
CY2023Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
150508 | usd |
CY2023Q3 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
17131674 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
305065 | usd |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
21956348 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3809007 | usd |
CY2023Q3 | us-gaap |
Liabilities
Liabilities
|
26265355 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4812495 | usd |
CY2023 | us-gaap |
Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
|
8212166 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4807621 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
21457734 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
3637763 | usd |
CY2023Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1804502 | usd |
CY2023Q3 | us-gaap |
Gross Profit
GrossProfit
|
1833261 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1135768 | usd |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
1267007 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
566254 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
585882 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5859 | usd |
us-gaap |
Revenues
Revenues
|
10116094 | usd | |
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
5482923 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
4633171 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3553168 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
3945189 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
687982 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
814156 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8142 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
814156 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4807621 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
21457734 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
814156 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
243529 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5674689 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
391787 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-38393 | usd | |
us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
2965644 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-175506 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-76259 | usd | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8100000 | usd |
CY2023Q4 | efht |
Working Capital
WorkingCapital
|
200000 | usd |
CY2023 | us-gaap |
Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
|
0.08 | pure |
CY2023 | efht |
Late Charge Percentage
LateChargePercentage
|
0.12 | pure |
CY2022 | us-gaap |
Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
|
15196396 | usd |
CY2023 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
4781684 | usd |
CY2022 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
12413346 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
17596512 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
14166030 | usd |
CY2023Q4 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
12253253 | usd |
CY2022Q4 | us-gaap |
Customer Advances And Deposits
CustomerAdvancesAndDeposits
|
11072060 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates include assumptions used in revenue recognition, useful life of assets, and allowance for doubtful accounts.</p> | |
CY2023 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | pure |
CY2023 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | pure |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation Coverage limit of $250,000. As of December 31, 2023 and 2022, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q4 | efht |
Percentage Of Total Consideration Contract With Customers
PercentageOfTotalConsiderationContractWithCustomers
|
0.50 | pure |
CY2023 | efht |
Deferred Revenue Percentage
DeferredRevenuePercentage
|
0.50 | pure |
CY2023 | efht |
Extended Warranty Term
ExtendedWarrantyTerm
|
P1Y | |
CY2023 | us-gaap |
Revenues
Revenues
|
15123596 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
12343745 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
14166030 | usd |
CY2021Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
11382980 | usd |
CY2023 | efht |
Effective Income Tax Rate Reconciliation Tax Credit
EffectiveIncomeTaxRateReconciliationTaxCredit
|
0.70 | pure |
CY2023 | us-gaap |
Payments To Employees
PaymentsToEmployees
|
10000 | usd |
CY2023 | us-gaap |
Advertising Expense
AdvertisingExpense
|
487586 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
298388 | usd |
CY2023Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
0 | usd |
CY2023 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Reclassification</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain prior period amounts have been reclassified to conform to the current period presentation in the consolidated financial statements and these accompanying notes. The reclassifications did not have a material impact on the Company’s consolidated financial statements and related disclosures. The impact on any prior period disclosures was immaterial.</p> | |
CY2023Q4 | us-gaap |
Cash
Cash
|
2000000 | usd |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Shares Issued
SharesIssued
|
1 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023 | efht |
Schedule Of Consolidated Statement Of Changes In Stockholders Deficit Text Table Block
ScheduleOfConsolidatedStatementOfChangesInStockholdersDeficitTextTableBlock
|
The following table reconciles the elements of the Business Combination to the consolidated statement of changes in stockholders’ deficit for the period ended December 31, 2023:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left; text-indent: -7.25pt; padding-left: 7.25pt">Cash-trust and cash, net of redemptions</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">241,329</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -7.25pt; padding-left: 7.25pt">Less: transaction expenses paid</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(241,329</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -7.25pt; padding-left: 7.25pt">Net proceeds from the Business Combination</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-71">—</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -7.25pt; padding-left: 7.25pt">Less: recognition of SPAC closing balance sheet</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(762,710</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; text-indent: -7.25pt; padding-left: 7.25pt">Reverse recapitalization, net</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">(762,710</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> | |
CY2023Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
|
241329 | usd |
CY2023Q4 | us-gaap |
Business Acquisition Cost Of Acquired Entity Transaction Costs
BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
|
241329 | usd |
CY2023 | efht |
Less Recognition Of Spac Closing Balance Sheet
LessRecognitionOfSPACClosingBalanceSheet
|
762710 | usd |
CY2023 | us-gaap |
Recapitalization Costs
RecapitalizationCosts
|
762710 | usd |
CY2023 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
100 | shares |
CY2023 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
24000000 | shares |
CY2023Q4 | us-gaap |
Shares Subject To Mandatory Redemption Settlement Terms Number Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfShares
|
11477525 | shares |
CY2023Q4 | us-gaap |
Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
|
37261500 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2842470 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1850149 | usd |
CY2023Q4 | us-gaap |
Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
|
332105 | usd |
CY2022Q4 | us-gaap |
Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
|
627037 | usd |
CY2023Q4 | efht |
Inventory Work In Progress Labor
InventoryWorkInProgressLabor
|
448280 | usd |
CY2022Q4 | efht |
Inventory Work In Progress Labor
InventoryWorkInProgressLabor
|
335632 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
1110620 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
7065829 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
3252794 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
11799304 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
6065612 | usd |
CY2023Q4 | us-gaap |
Other Inventory
OtherInventory
|
676193 | usd |
CY2022Q4 | us-gaap |
Other Inventory
OtherInventory
|
328105 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
34006 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4786 | usd |
CY2022Q4 | us-gaap |
Supplies
Supplies
|
59983 | usd |
CY2022Q4 | us-gaap |
Advance Royalties
AdvanceRoyalties
|
3650 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
34006 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
68419 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
5435235 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
1393131 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4042104 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
589401 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
284411 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1219805 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
689990 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
251128 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
119166 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
968677 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
570824 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
126367 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
72303 | usd |
CY2021Q3 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P125M | |
CY2022Q1 | us-gaap |
Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
|
0.063 | pure |
CY2023 | us-gaap |
Lease Expiration Date1
LeaseExpirationDate1
|
2026-12-16 | |
CY2023Q1 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P36Y | |
CY2023Q1 | us-gaap |
Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
|
0.063 | pure |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
557703 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
575360 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
535719 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
492318 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
508885 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
2765250 | usd |
CY2023Q4 | us-gaap |
Accrued Sales Commission Current
AccruedSalesCommissionCurrent
|
6000 | usd |
CY2022Q4 | us-gaap |
Accrued Sales Commission Current
AccruedSalesCommissionCurrent
|
6000 | usd |
CY2023Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
113000 | usd |
CY2023Q4 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
150 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
131859 | usd |
CY2023Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
89430 | usd |
CY2022Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
75735 | usd |
CY2023Q4 | us-gaap |
Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
|
196711 | usd |
CY2022Q4 | us-gaap |
Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
|
111689 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
687000 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
193424 | usd |
CY2023Q4 | us-gaap |
Construction Payable Current
ConstructionPayableCurrent
|
168256 | usd |
CY2022Q4 | us-gaap |
Construction Payable Current
ConstructionPayableCurrent
|
277642 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
632000 | usd |
CY2022Q4 | efht |
Other Payable
OtherPayable
|
84592 | usd |
CY2023Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
800256 | usd |
CY2022Q4 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
362234 | usd |
CY2022Q1 | us-gaap |
General Partners Offering Costs
GeneralPartnersOfferingCosts
|
277642 | usd |
CY2022Q1 | us-gaap |
Payable Investment Purchase
PayableInvestmentPurchase
|
1506349 | usd |
CY2023Q4 | us-gaap |
General Partners Contributed Capital
GeneralPartnersContributedCapital
|
277642 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
168256 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
277642 | usd |
CY2021Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
500000 | usd |
CY2021Q4 | efht |
Third Party Payment Rate
ThirdPartyPaymentRate
|
0.20 | pure |
CY2022Q4 | us-gaap |
Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
|
6000 | usd |
CY2022Q4 | us-gaap |
Loans Payable
LoansPayable
|
500000 | usd |
CY2023Q3 | us-gaap |
Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
|
0.90 | pure |
CY2023Q4 | efht |
Late Charge Rate
LateChargeRate
|
0.12 | pure |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingPeriodIncreaseDecreaseWeightedAverageExercisePrice
|
6 | |
CY2023Q4 | efht |
Issues Equity Price Per Share
IssuesEquityPricePerShare
|
10 | |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.0499 | pure |
CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
2119209 | usd |
CY2023 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
3088883 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
72335 | usd |
CY2023Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
15819209 | usd |
CY2023 | efht |
Debt Discount Net Of Amortization
DebtDiscountNetOfAmortization
|
-5135757 | usd |
CY2023Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
10683452 | usd |
CY2023 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
403590 | usd |
CY2023 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
111854 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
515444 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
79619 | usd |
CY2023 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
435825 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0417 | pure |
CY2023 | efht |
Effective Income Tax Rate Reconciliation Tax Status
EffectiveIncomeTaxRateReconciliationTaxStatus
|
0.0238 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.006 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.0376 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0005 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.2435 | pure |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
421239 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Deferred Gain On Sale Leaseback Transaction
DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction
|
996263 | usd |
CY2023Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
176689 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
|
38018 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
|
22666 | usd |
CY2023Q4 | efht |
Deferred Tax Assets Tax Deferred Expense Oid On Convertible Notes
DeferredTaxAssetsTaxDeferredExpenseOIDOnConvertibleNotes
|
6414 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1661288 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
79619 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
1581669 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
137816 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
|
928410 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
1066226 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
515444 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
20000000 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
25000 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
25000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
|
25000 | shares |
CY2023 | efht |
Percentage Of Conversion Amount
PercentageOfConversionAmount
|
1.25 | pure |
CY2023Q4 | us-gaap |
Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
|
10 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.0499 | pure |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
24000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
24000000 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
1091525 | shares |
CY2023Q4 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
300000 | usd |
CY2023Q4 | us-gaap |
Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
|
1400000 | shares |
CY2023 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
11.5 | |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
|
1 | shares |
CY2023 | efht |
Public Warrants
PublicWarrants
|
11500000 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
257500 | shares |
CY2023 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.01 | |
CY2023Q4 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
18 | |
CY2023 | us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
11757500 | usd |
CY2023 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
212761 | usd |
CY2022 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
300520 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
usd | |
CY2023Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
usd | |
CY2022Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
usd | |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
usd | |
CY2022Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
shares | |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.06 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.09 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24000000 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24875667 | shares |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
usd | |
CY2023 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
usd | |
CY2022 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
usd | |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | |
CY2022 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
usd | |
CY2023 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
usd | |
CY2023 | efht |
Payment Of Assets And Liabilities Assumed From Business Combination
PaymentOfAssetsAndLiabilitiesAssumedFromBusinessCombination
|
9721 | usd |
CY2022 | efht |
Payment Of Assets And Liabilities Assumed From Business Combination
PaymentOfAssetsAndLiabilitiesAssumedFromBusinessCombination
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
usd | |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-14591 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
5859 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
81421 | usd | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
usd | ||
CY2023Q4 | us-gaap |
Business Combination Assets And Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationAssetsAndLiabilitiesArisingFromContingenciesAmountRecognized
|
usd | |
CY2022Q4 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
usd | |
CY2023Q4 | us-gaap |
Supplies
Supplies
|
usd | |
CY2023Q4 | us-gaap |
Advance Royalties
AdvanceRoyalties
|
usd | |
CY2022Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
usd | |
CY2022Q4 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
usd | |
CY2023Q4 | efht |
Other Payable
OtherPayable
|
usd | |
CY2022Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
usd | |
CY2022 | efht |
Debt Discount Net Of Amortization
DebtDiscountNetOfAmortization
|
usd | |
CY2022Q4 | us-gaap |
Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
|
usd | |
CY2023Q3 | us-gaap |
Securities Purchased Under Agreements To Resell Increase
SecuritiesPurchasedUnderAgreementsToResellIncrease
|
271824 | usd |
CY2023Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Increase
SecuritiesPurchasedUnderAgreementsToResellIncrease
|
271824 | usd |
CY2023Q4 | us-gaap |
Securities Purchased Under Agreements To Resell Increase
SecuritiesPurchasedUnderAgreementsToResellIncrease
|
271824 | usd |
CY2023 | us-gaap |
Securities Purchased Under Agreements To Resell Increase
SecuritiesPurchasedUnderAgreementsToResellIncrease
|
271824 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
shares | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001922858 |