$EVTV
Envirotech Vehicles, Inc. Stock $evtv

$evtv Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000117184317006913 Filed on November 13, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$11.77M	$5.870M
YoY Change	100.51%	662.34%
% of Gross Profit
Research & Development	$40.00K	$110.0K
YoY Change	-63.64%	450.0%
% of Gross Profit
Depreciation & Amortization	$4.430K	$0.00
YoY Change		-100.0%
% of Gross Profit
Operating Expenses	$11.80M	$5.984M
YoY Change	97.24%	657.47%
Operating Profit	-$11.80M	-$5.984M
YoY Change	97.24%	657.47%
Interest Expense	$47.00K	$274.0K
YoY Change	-82.85%	-191.33%
% of Operating Profit
Other Income/Expense, Net	-$163.0K	-$285.0K
YoY Change	-42.81%	-41.84%
Pretax Income	-$11.97M	-$6.269M
YoY Change	90.88%	299.3%
Income Tax	$1.000K
% Of Pretax Income
Net Earnings	-$11.97M	-$6.269M
YoY Change	90.89%	299.3%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share	-$3.52	-$1.84
COMMON SHARES
Basic Shares Outstanding	68.07M
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.480M	$1.740M
YoY Change	157.47%
Cash & Equivalents	$4.475M	$1.737M
Short-Term Investments
Other Short-Term Assets	$195.0K	$630.0K
YoY Change	-69.05%
Inventory	$704.0K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$6.374M	$2.370M
YoY Change	168.95%
LONG-TERM ASSETS
Property, Plant & Equipment	$501.0K	$370.0K
YoY Change	35.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$0.00	$240.0K
YoY Change	-100.0%
Other Assets	$130.0K
YoY Change
Total Long-Term Assets	$631.0K	$600.0K
YoY Change	5.17%
TOTAL ASSETS
Total Short-Term Assets	$6.374M	$2.370M
Total Long-Term Assets	$631.0K	$600.0K
Total Assets	$7.005M	$2.970M
YoY Change	135.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$182.0K	$70.00K
YoY Change	160.0%
Accrued Expenses	$382.0K	$110.0K
YoY Change	247.27%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$3.200M	$3.770M
YoY Change	-15.12%
Total Short-Term Liabilities	$3.759M	$3.960M
YoY Change	-5.08%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$840.0K
YoY Change	-100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$840.0K
YoY Change	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.759M	$3.960M
Total Long-Term Liabilities	$0.00	$840.0K
Total Liabilities	$3.759M	$4.790M
YoY Change	-21.52%
SHAREHOLDERS EQUITY
Retained Earnings	-$42.69M
YoY Change
Common Stock	$1.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.246M	-$1.820M
YoY Change
Total Liabilities & Shareholders Equity	$7.005M	$2.970M
YoY Change	135.86%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	-$11.97M	-$6.269M
YoY Change	90.89%	299.3%
Depreciation, Depletion And Amortization	$4.430K	$0.00
YoY Change		-100.0%
Cash From Operating Activities	-$1.250M	-$450.0K
YoY Change	177.78%	-34.78%
INVESTING ACTIVITIES
Capital Expenditures	$60.00K	$310.0K
YoY Change	-80.65%	3000.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$60.00K	-$310.0K
YoY Change	-80.65%	933.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.080M	-80.00K
YoY Change	1250.0%	-103.98%
NET CHANGE
Cash From Operating Activities	-1.250M	-450.0K
Cash From Investing Activities	-60.00K	-310.0K
Cash From Financing Activities	-1.080M	-80.00K
Net Change In Cash	-2.390M	-840.0K
YoY Change	184.52%	-165.12%
FREE CASH FLOW
Cash From Operating Activities	-$1.250M	-$450.0K
Capital Expenditures	$60.00K	$310.0K
Free Cash Flow	-$1.310M	-$760.0K
YoY Change	72.37%	8.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2017Q3	adom	Research And Development Expense Reimbursement ResearchAndDevelopmentExpenseReimbursement	38000
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CY2017Q2	adom	Notes Receivable Stated Interest Rate NotesReceivableStatedInterestRate	0.09
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	adom	Payments For Stock Rescission PaymentsForStockRescission
	adom	Payments For Stock Rescission PaymentsForStockRescission	54000
	adom	Accretion Of Discount On Note Receivable AccretionOfDiscountOnNoteReceivable	46000
	adom	Accretion Of Discount On Note Receivable AccretionOfDiscountOnNoteReceivable
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CY2017Q3	adom	Consulting Expense ConsultingExpense	49000
CY2016Q3	adom	Consulting Expense ConsultingExpense
	adom	Consulting Expense ConsultingExpense	2213000
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	adom	Debt Discount Due DebtDiscountDue
	adom	Debt Discount Due DebtDiscountDue	42000
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	adom	Deferred Offering Costs Reclassified To Equity DeferredOfferingCostsReclassifiedToEquity
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CY2017Q3	adom	Employment Contracts Future Minimum Payments Due In Four And Five Years EmploymentContractsFutureMinimumPaymentsDueInFourAndFiveYears	250000
CY2017Q3	adom	Employment Contracts Future Minimum Payments Due In Two And Three Years EmploymentContractsFutureMinimumPaymentsDueInTwoAndThreeYears	620000
CY2017Q3	adom	Employment Contracts Future Minimum Payments Due Next Twelve Months EmploymentContractsFutureMinimumPaymentsDueNextTwelveMonths	600000
CY2017Q3	adom	Employment Contracts Future Minimum Payments Due Thereafter EmploymentContractsFutureMinimumPaymentsDueThereafter
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CY2017Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
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	us-gaap	Income Taxes Paid IncomeTaxesPaid
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CY2017Q3	us-gaap	Contractual Obligation ContractualObligation	2069087
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CY2016Q3	us-gaap	Cost Of Revenue CostOfRevenue
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	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets
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CY2017Q3	us-gaap	Gross Profit GrossProfit
CY2016Q3	us-gaap	Gross Profit GrossProfit
	us-gaap	Gross Profit GrossProfit
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CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-68000
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	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories
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	us-gaap	Nature Of Operations NatureOfOperations	<div style="display: inline; font-family: times new roman; font-size: 10pt"><table cellpadding="0" cellspacing="0" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; min-width: 700px;"> <tr style="vertical-align: top"> <td style="width: 0"></td> <td style="width: 0.25in"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></div></td> <td style="text-align: justify"><div style="display: inline; font-weight: bold;">Organization and Operations </div></td> </tr> </table> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0; color: #1F497D"> </div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0">ADOMANI, Inc., or “we”, “us”, “our” or the “Company”, was incorporated in Florida in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2012 </div>and reincorporated in Delaware in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 2016. </div>The Company is a provider of advanced <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">zero</div>-emission electric and hybrid vehicles and replacement drivetrains that is focused on reducing the total cost of vehicle ownership. The Company’s drivetrain systems are designed to help fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. The Company’s principal executive offices are located in Corona, California. Our telephone number is (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">951</div>) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">407</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9860</div> and our corporate website address is www.adomanielectric.com.</div></div>
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CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	130000
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	124000
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-116000
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	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-113000
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-9000
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	120000
	us-gaap	Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1703000
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	492000
CY2017Q2	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	500000
CY2016Q4	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	500000
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable	500000
	us-gaap	Payments To Acquire Notes Receivable PaymentsToAcquireNotesReceivable
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	10000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	94000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	359000
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.00001
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	100000000
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	183700000
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	30375000
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-42685000
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-21074000
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	7000000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	3600000
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic;">Reclassification</div></div></div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0"> </div> <div style=" font-size: 10pt; text-align: justify; margin: 0pt 0">Certain amounts in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div> financial statements have been reclassified to conform to the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> financial presentation. These reclassifications have <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> impact on net loss.</div></div></div></div></div></div>
CY2017Q2	us-gaap	Proceeds From Issuance Initial Public Offering ProceedsFromIssuanceInitialPublicOffering	10000000
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	12550000
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	188000
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	500000
	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	42000
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	501000
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	417000
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2560000
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	8000
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet
	us-gaap	Sales Revenue Net SalesRevenueNet
	us-gaap	Sales Revenue Net SalesRevenueNet	68000
	us-gaap	Share Based Compensation ShareBasedCompensation	15653000
	us-gaap	Share Based Compensation ShareBasedCompensation	6920000
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	23237692
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	0.40
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	33775000
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	26775000
CY2016Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.10
CY2017Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.1
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	1.33
CY2017Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	10.49
CY2017Q1	us-gaap	Share Price SharePrice	10.49
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P3Y255D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4Y73D
CY2017Q2	us-gaap	Stock Issued During Period Shares Issued For Services StockIssuedDuringPeriodSharesIssuedForServices	250000
	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	726000
CY2017Q2	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	1250000
	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	1250000
	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	12550000
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	3246000
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	-2707000
CY2016Q3	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	349042
CY2017Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	68070930
CY2016Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	57163882
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	66020773
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	69286226

Files In Submission

Name	View Source	Status
0001171843-17-006913-index-headers.html	Edgar Link	pending
0001171843-17-006913-index.html	Edgar Link	pending
0001171843-17-006913.txt	Edgar Link	pending
0001171843-17-006913-xbrl.zip	Edgar Link	pending
adom-20170930.xml	Edgar Link	completed
adom-20170930.xsd	Edgar Link	pending
adom-20170930_cal.xml	Edgar Link	unprocessable
adom-20170930_def.xml	Edgar Link	unprocessable
adom-20170930_lab.xml	Edgar Link	unprocessable
adom-20170930_pre.xml	Edgar Link	unprocessable
exh_311.htm	Edgar Link	pending
exh_312.htm	Edgar Link	pending
exh_321.htm	Edgar Link	pending
exh_322.htm	Edgar Link	pending
f10q_111417p.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$EVTV
Envirotech Vehicles, Inc. Stock $evtv

2017 Q3 Form 10-Q Financial Statement

#000117184317006913 Filed on November 13, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EVTV Envirotech Vehicles, Inc. Stock $evtv

2017 Q3 Form 10-Q Financial Statement

#000117184317006913 Filed on November 13, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$EVTV
Envirotech Vehicles, Inc. Stock $evtv