$EVTV
Envirotech Vehicles, Inc.

2019 Q3 Form 10-Q Financial Statement

#000156459019037750 Filed on October 24, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q4 2018 Q3
Revenue $5.743M $1.180M $2.619M
YoY Change 119.28% 174.42%
Cost Of Revenue $5.320M $1.150M $2.528M
YoY Change 110.44% 139.58%
Gross Profit $423.0K $40.00K $91.00K
YoY Change 364.84% -180.0%
Gross Profit Margin 7.37% 3.39% 3.47%
Selling, General & Admin $1.630M $1.370M $1.570M
YoY Change 3.82% 260.53% -86.66%
% of Gross Profit 385.34% 3425.0% 1725.27%
Research & Development $10.00K $50.00K $50.00K
YoY Change -80.0% 66.67% 25.0%
% of Gross Profit 2.36% 125.0% 54.95%
Depreciation & Amortization $12.56K $10.00K $11.11K
YoY Change 13.11% 0.0% 150.7%
% of Gross Profit 2.97% 25.0% 12.2%
Operating Expenses $1.641M $1.410M $1.616M
YoY Change 1.55% 243.9% -86.31%
Operating Profit -$1.218M -$1.370M -$1.525M
YoY Change -20.13% 197.83% -87.08%
Interest Expense $23.00K $40.00K $43.00K
YoY Change -46.51% 0.0% -8.51%
% of Operating Profit
Other Income/Expense, Net -$23.00K $30.00K $44.00K
YoY Change -152.27% -76.92% -126.99%
Pretax Income -$1.218M -$1.310M -$1.481M
YoY Change -17.76% 351.72% -87.62%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.218M -$1.306M -$1.481M
YoY Change -17.76% 350.34% -87.62%
Net Earnings / Revenue -21.21% -110.68% -56.55%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.33 -$0.36 -$0.41
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.850M $7.710M $7.810M
YoY Change 0.51% 214.69% 74.33%
Cash & Equivalents $3.068M $3.759M $7.811M
Short-Term Investments $4.780M $3.950M
Other Short-Term Assets $1.749M $2.000K $1.546M
YoY Change 13.13% -99.74% 692.82%
Inventory $0.00
Prepaid Expenses $1.102M
Receivables $3.070M $996.6K $1.573M
Other Receivables $399.6K $143.7K $300.0K
Total Short-Term Assets $13.00M $10.18M $11.23M
YoY Change 15.77% 128.82% 76.18%
LONG-TERM ASSETS
Property, Plant & Equipment $133.7K $150.1K $145.0K
YoY Change -7.75% -69.18% -71.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $470.0K $503.0K $533.0K
YoY Change -11.82% 30.31% 310.0%
Total Long-Term Assets $599.0K $653.0K $678.0K
YoY Change -11.65% -25.2% 7.45%
TOTAL ASSETS
Total Short-Term Assets $13.00M $10.18M $11.23M
Total Long-Term Assets $599.0K $653.0K $678.0K
Total Assets $13.60M $10.83M $11.91M
YoY Change 14.21% 103.55% 69.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.200M $342.0K $1.005M
YoY Change 218.41% 1040.0% 452.2%
Accrued Expenses $860.0K $968.0K $706.0K
YoY Change 21.81% 88.33% 84.82%
Deferred Revenue
YoY Change
Short-Term Debt $4.950M $1.700M $1.400M
YoY Change 253.57%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $9.018M $3.010M $3.111M
YoY Change 189.87% 11.77% -17.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $166.0K $219.0K $236.0K
YoY Change -29.66% -24.22%
Total Long-Term Liabilities $166.0K $219.0K $236.0K
YoY Change -29.66% -24.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.018M $3.010M $3.111M
Total Long-Term Liabilities $166.0K $219.0K $236.0K
Total Liabilities $9.184M $3.229M $3.347M
YoY Change 174.39% 8.28% -10.96%
SHAREHOLDERS EQUITY
Retained Earnings -$57.99M -$54.03M -$52.72M
YoY Change 9.99% 25.71% 23.51%
Common Stock $1.000K $1.000K $1.000K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.420M $7.604M $8.561M
YoY Change
Total Liabilities & Shareholders Equity $13.60M $10.83M $11.91M
YoY Change 14.24% 103.55% 69.99%

Cashflow Statement

Concept 2019 Q3 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income -$1.218M -$1.306M -$1.481M
YoY Change -17.76% 350.34% -87.62%
Depreciation, Depletion And Amortization $12.56K $10.00K $11.11K
YoY Change 13.11% 0.0% 150.7%
Cash From Operating Activities -$660.0K -$420.0K $230.0K
YoY Change -386.96% -54.35% -118.4%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $10.00K $0.00
YoY Change -50.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities $270.0K -$3.930M $300.0K
YoY Change -10.0%
Cash From Investing Activities $280.0K -$3.940M $300.0K
YoY Change -6.67% 19600.0% -600.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 650.0K 300.0K -380.0K
YoY Change -271.05% -127.52% -64.81%
NET CHANGE
Cash From Operating Activities -660.0K -420.0K 230.0K
Cash From Investing Activities 280.0K -3.940M 300.0K
Cash From Financing Activities 650.0K 300.0K -380.0K
Net Change In Cash 270.0K -4.060M 150.0K
YoY Change 80.0% 100.0% -106.28%
FREE CASH FLOW
Cash From Operating Activities -$660.0K -$420.0K $230.0K
Capital Expenditures $0.00 $10.00K $0.00
Free Cash Flow -$660.0K -$430.0K $230.0K
YoY Change -386.96% -54.26% -117.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
300000
CY2019Q3 us-gaap Other Assets Current
OtherAssetsCurrent
1749000
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1175000
CY2019Q3 us-gaap Assets Current
AssetsCurrent
13001000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
503000
CY2018Q4 us-gaap Assets
Assets
10833000
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
342000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
968000
CY2019Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2018Q4 us-gaap Assets Current
AssetsCurrent
10180000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
133745
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
150091
CY2019Q3 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
4950000
CY2018Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
1700000
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
9018000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3010000
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
166000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
219000
CY2018Q4 us-gaap Liabilities
Liabilities
3229000
CY2019Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2018Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
1000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
1000
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
62405000
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
61628000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-57986000
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-54025000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
4420000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
7604000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13604000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10833000
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
72984040
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
72732292
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
72984040
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
72732292
CY2019Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5743000
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2619000
us-gaap Cost Of Revenue
CostOfRevenue
9774000
CY2019Q3 us-gaap Gross Profit
GrossProfit
423000
CY2018Q3 us-gaap Gross Profit
GrossProfit
91000
CY2018Q3 adom Consulting Expense
ConsultingExpense
38000
adom Consulting Expense
ConsultingExpense
220000
CY2019Q3 adom Research And Development Expense Reimbursement
ResearchAndDevelopmentExpenseReimbursement
10000
CY2018Q3 adom Research And Development Expense Reimbursement
ResearchAndDevelopmentExpenseReimbursement
45000
adom Research And Development Expense Reimbursement
ResearchAndDevelopmentExpenseReimbursement
158000
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
1641000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1218000
CY2019Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
23000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-23000
CY2018Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
44000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1218000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1481000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
-1218000
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2019Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
72930108
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
253000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2340000
CY2018Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11000000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1197000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2964000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-4077000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
11030000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2780000
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
77000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-4184000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
9703000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
317000
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
8561000
CY2018Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
349000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-1306000
CY2019Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
10000
CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
7000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-1449000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
6425000
CY2019Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
15000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
275000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-1294000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
5421000
CY2019Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
15000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
202000
us-gaap Profit Loss
ProfitLoss
-3961000
us-gaap Profit Loss
ProfitLoss
-9742000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
36000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
28000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
us-gaap Share Based Compensation
ShareBasedCompensation
730000
us-gaap Share Based Compensation
ShareBasedCompensation
6061000
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
40000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-385000
us-gaap Inventory Write Down
InventoryWriteDown
15000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-210000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2072000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1573000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
580000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
843000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-34000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-53000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2862000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
975000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-105000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
191000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-53000
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-53000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3069000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4093000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
71000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
38000
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
200000
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
500000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
829000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-879000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
229000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
11000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2149000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
4300000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2200000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1050000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
800000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
99000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1121000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3257000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9229000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-691000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5365000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3759000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2446000
us-gaap Interest Paid Net
InterestPaidNet
99000
us-gaap Interest Paid Net
InterestPaidNet
26000
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
7000
adom Deferred Offering Costs Reclassified To Equity
DeferredOfferingCostsReclassifiedToEquity
76000
us-gaap Nature Of Operations
NatureOfOperations
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1. Organization and Operations</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">ADOMANI, Inc. (&#8220;we&#8221;, &#8220;us&#8221;, &#8220;our&#8221; or the &#8220;Company&#8221;) designs and causes to be designed advanced zero-emission electric drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles. The Company also designs and causes to be designed re-power conversion kits to replace conventional drivetrain systems for combustion powered vehicles with zero-emission electric drivetrain systems. The Company is also a provider of new zero-emission electric vehicles focused on total cost of ownership. The Company&#8217;s drivetrain systems and vehicles are designed to help fleet operators unlock the benefits of green technology and address the challenges of local, state and federal regulatory compliance and traditional-fuel price cost instability.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates<font style="font-weight:normal;font-style:normal;">&#8212;The preparation of 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 period. Actual results could differ from those estimates.</font></p>
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
9952708
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.15
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.45
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration of Credit Risk<font style="font-weight:normal;font-style:normal;">&#8212;The Company has credit risks related to cash and cash equivalents on deposit with a federally insured bank, as at times it exceeds the $250,000 maximum amount insured by the Federal Deposit Insurance Corporation.</font></p>
CY2019Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
399639
CY2018Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
143734
CY2019Q3 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
20000
CY2018Q4 us-gaap Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
70000
CY2019Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
adom Number Of Customer
NumberOfCustomer
1
adom Allowance For Doubtful Other Receivable Current Write Offs
AllowanceForDoubtfulOtherReceivableCurrentWriteOffs
50000
CY2019Q3 adom Inventory Deposits
InventoryDeposits
1018739
CY2018Q4 adom Inventory Deposits
InventoryDeposits
882050
adom Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Life
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualLife
P3Y
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
157656
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
641367
adom Property Plant And Equipment Threshold For Capitalization Of Purchases
PropertyPlantAndEquipmentThresholdForCapitalizationOfPurchases
2000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
217868
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
67777
us-gaap Depreciation
Depreciation
27579
CY2019Q1 adom Consulting Arrangement Monthly Fee
ConsultingArrangementMonthlyFee
7500
CY2019Q1 adom Consulting Monthly Cash Fee Paid
ConsultingMonthlyCashFeePaid
2500
CY2019Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7556323
CY2018Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
7556323
adom Class Of Warrant Or Right Issued During Period
ClassOfWarrantOrRightIssuedDuringPeriod
0
CY2019Q3 adom Class Of Warrant Or Right Exercisable
ClassOfWarrantOrRightExercisable
7556323
CY2018Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.45
adom Class Of Warrant Or Right Issued During Period Exercise Price
ClassOfWarrantOrRightIssuedDuringPeriodExercisePrice
0
CY2019Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
4.45
CY2019Q3 adom Class Of Warrant Or Right Exercisable Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisableExercisePriceOfWarrantsOrRights
4.45
CY2018 adom Class Of Warrant Or Right Outstanding Weighted Average Remaining Contractual Life
ClassOfWarrantOrRightOutstandingWeightedAverageRemainingContractualLife
P3Y9M18D
adom Class Of Warrant Or Right Exercisale Weighted Average Remaining Contractual Life
ClassOfWarrantOrRightExercisaleWeightedAverageRemainingContractualLife
P3Y
CY2019Q3 adom Class Of Warrant Or Right Intrinsic Value
ClassOfWarrantOrRightIntrinsicValue
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
24728422
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1095000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
71084
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
135000
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
25617338
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.10
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
1.31
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.16
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.13
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y7M6D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y2M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y4M24D
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2019-12-31
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
413643
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
117771
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two And Three Years
OperatingLeasesFutureMinimumPaymentsDueInTwoAndThreeYears
243072
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four And Five Years
OperatingLeasesFutureMinimumPaymentsDueInFourAndFiveYears
52800
CY2019Q3 adom Employment Contracts Future Minimum Payments Due
EmploymentContractsFutureMinimumPaymentsDue
1984000
CY2019Q3 adom Employment Contracts Future Minimum Payments Due Next Twelve Months
EmploymentContractsFutureMinimumPaymentsDueNextTwelveMonths
512000
CY2019Q3 adom Employment Contracts Future Minimum Payments Due In Two And Three Years
EmploymentContractsFutureMinimumPaymentsDueInTwoAndThreeYears
874000
CY2019Q3 adom Employment Contracts Future Minimum Payments Due In Four And Five Years
EmploymentContractsFutureMinimumPaymentsDueInFourAndFiveYears
598000
CY2019Q3 us-gaap Contractual Obligation
ContractualObligation
2397643
CY2019Q3 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
629771
CY2019Q3 us-gaap Contractual Obligation Due In Second And Third Year
ContractualObligationDueInSecondAndThirdYear
1117072
CY2019Q3 us-gaap Contractual Obligation Due In Fourth And Fifth Year
ContractualObligationDueInFourthAndFifthYear
650800
CY2019Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
13500000.00

Files In Submission

Name View Source Status
0001564590-19-037750-index-headers.html Edgar Link pending
0001564590-19-037750-index.html Edgar Link pending
0001564590-19-037750.txt Edgar Link pending
0001564590-19-037750-xbrl.zip Edgar Link pending
adom-10q_20190930.htm Edgar Link pending
adom-20190930.xml Edgar Link completed
adom-20190930.xsd Edgar Link pending
adom-20190930_cal.xml Edgar Link unprocessable
adom-20190930_def.xml Edgar Link unprocessable
adom-20190930_lab.xml Edgar Link unprocessable
adom-20190930_pre.xml Edgar Link unprocessable
adom-ex101_114.htm Edgar Link pending
adom-ex311_7.htm Edgar Link pending
adom-ex312_6.htm Edgar Link pending
adom-ex321_8.htm Edgar Link pending
adom-ex322_9.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g1ypycpcbpqt000001.jpg 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
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.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