2023 Q1 Form 10-Q Financial Statement

#000162828023017931 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $33.17M $31.76M $34.07M
YoY Change -2.63% -20.14% 168.77%
% of Gross Profit
Research & Development $46.16M $50.86M $114.9M
YoY Change -59.84% -36.76% 1610.09%
% of Gross Profit
Depreciation & Amortization $1.103M -$12.35M $4.853M
YoY Change -77.27% -417.43% 391.19%
% of Gross Profit
Operating Expenses $83.03M $82.63M $149.0M
YoY Change -44.28% -31.26% 668.2%
Operating Profit -$83.03M -$149.0M
YoY Change -44.28% 668.2%
Interest Expense -$4.791M -$2.647M -$4.368M
YoY Change 9.68% -41.55% -84.9%
% of Operating Profit
Other Income/Expense, Net $2.409M -$67.29M -$915.0K
YoY Change -363.28% -305.49% 223.32%
Pretax Income $6.487M -$153.8M -$153.1M
YoY Change -104.24% 83.02% 102.72%
Income Tax $0.00 $52.00K $0.00
% Of Pretax Income 0.0%
Net Earnings $6.487M -$153.9M -$153.1M
YoY Change -104.24% 82.56% 102.71%
Net Earnings / Revenue
Basic Earnings Per Share $0.01 -$0.48
Diluted Earnings Per Share -$0.07 -$0.32 -$475.1K
COMMON SHARES
Basic Shares Outstanding 657.6M shares 322.2M shares
Diluted Shares Outstanding 988.6M shares 322.2M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $31.77M $16.97M $276.4M
YoY Change -88.51% -96.64% 125524.55%
Cash & Equivalents $31.77M $16.97M $276.4M
Short-Term Investments
Other Short-Term Assets $14.72M $21.09M $8.608M
YoY Change 70.97% 57.25% 5280.0%
Inventory $4.049M $3.598M
Prepaid Expenses $9.121M $14.44M $6.010M
Receivables $0.00
Other Receivables
Total Short-Term Assets $103.4M $66.41M $341.6M
YoY Change -69.73% -89.06% 89803.42%
LONG-TERM ASSETS
Property, Plant & Equipment $446.5M $417.8M $338.9M
YoY Change 31.77% 42.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.458M $6.492M $6.853M
YoY Change -5.76% -7.78% -97.02%
Total Long-Term Assets $471.9M $443.9M $364.4M
YoY Change 29.49% 47.87% 58.6%
TOTAL ASSETS
Total Short-Term Assets $103.4M $66.41M $341.6M
Total Long-Term Assets $471.9M $443.9M $364.4M
Total Assets $575.3M $510.3M $706.1M
YoY Change -18.52% -43.77% 206.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.93M $87.38M $45.40M
YoY Change 69.44% 131.32%
Accrued Expenses $66.98M $65.71M $86.77M
YoY Change -22.8% -27.4% 4260.1%
Deferred Revenue $3.610M $3.573M $4.226M
YoY Change -14.58% -17.94%
Short-Term Debt $8.643M $8.406M $15.75M
YoY Change -45.12% -38.44% 3049.8%
Long-Term Debt Due $6.549M $6.461M $81.15M
YoY Change -91.93% -95.21%
Total Short-Term Liabilities $192.9M $267.5M $242.8M
YoY Change -20.56% -8.96% 9650.28%
LONG-TERM LIABILITIES
Long-Term Debt $98.87M $32.58M $7.390M
YoY Change 1237.94% -22.9%
Other Long-Term Liabilities $9.758M $9.429M $3.785M
YoY Change 157.81% 153.47% 138.05%
Total Long-Term Liabilities $9.758M $9.429M $3.785M
YoY Change 157.81% 153.47% 138.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $192.9M $267.5M $242.8M
Total Long-Term Liabilities $9.758M $9.429M $3.785M
Total Liabilities $318.9M $327.5M $270.8M
YoY Change 17.75% -3.6% 6522.05%
SHAREHOLDERS EQUITY
Retained Earnings -$3.470B -$3.477B -$3.078B
YoY Change 12.75% 19.57%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $256.4M $182.8M $402.3M
YoY Change
Total Liabilities & Shareholders Equity $575.3M $510.3M $706.1M
YoY Change -18.52% -43.77% 206.77%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q1
OPERATING ACTIVITIES
Net Income $6.487M -$153.9M -$153.1M
YoY Change -104.24% 82.56% 102.71%
Depreciation, Depletion And Amortization $1.103M -$12.35M $4.853M
YoY Change -77.27% -417.43% 391.19%
Cash From Operating Activities -$103.0M -$27.95M -$122.4M
YoY Change -15.84% -72.57% 502.21%
INVESTING ACTIVITIES
Capital Expenditures $16.87M $11.12M $44.40M
YoY Change -62.0% -119.04% 6144.44%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$16.87M -$11.12M -$44.40M
YoY Change -62.0% -80.96% 6144.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $134.4M 34.21M -$85.68M
YoY Change -256.92% -8131.46% -217.37%
NET CHANGE
Cash From Operating Activities -$103.0M -27.95M -$122.4M
Cash From Investing Activities -$16.87M -11.12M -$44.40M
Cash From Financing Activities $134.4M 34.21M -$85.68M
Net Change In Cash $14.76M -4.858M -$253.1M
YoY Change -105.83% -96.98% -592.21%
FREE CASH FLOW
Cash From Operating Activities -$103.0M -$27.95M -$122.4M
Capital Expenditures $16.87M $11.12M $44.40M
Free Cash Flow -$119.9M -$39.07M -$166.8M
YoY Change -28.13% -10.12% 692.97%

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CY2023Q1 us-gaap Increase Decrease In Other Current Assets
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CY2022Q1 us-gaap Increase Decrease In Other Current Assets
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CY2023Q1 us-gaap Increase Decrease In Accounts Payable
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CY2022Q1 us-gaap Increase Decrease In Accounts Payable
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5747000 usd
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IncreaseDecreaseInOtherCurrentLiabilities
-9626000 usd
CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
14527000 usd
CY2023Q1 us-gaap Increase Decrease In Operating Lease Liability
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CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-882000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
197000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Interest Receivable Net
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16873000 usd
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
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44398000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023Q1 us-gaap Proceeds From Notes Payable
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131800000 usd
CY2022Q1 us-gaap Proceeds From Notes Payable
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0 usd
CY2023Q1 us-gaap Proceeds From Warrant Exercises
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4079000 usd
CY2022Q1 us-gaap Proceeds From Warrant Exercises
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0 usd
CY2023Q1 us-gaap Repayments Of Notes Payable
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6000 usd
CY2022Q1 us-gaap Repayments Of Notes Payable
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87065000 usd
CY2023Q1 us-gaap Payments Of Debt Issuance Costs
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1139000 usd
CY2022Q1 us-gaap Payments Of Debt Issuance Costs
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PaymentsOfFinanceLeaseObligations
335000 usd
CY2022Q1 ffie Payments Of Finance Lease Obligations
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466000 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
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44000 usd
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
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1855000 usd
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
170000 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14760000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18514000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
530477000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33274000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
277386000 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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31769000 usd
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
276374000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
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1505000 usd
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1012000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33274000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
277386000 usd
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324000 usd
CY2022Q1 us-gaap Interest Paid Net
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10040000 usd
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AcquisitionsOfPropertyAndEquipmentIncludedInAccountsPayableAndAccruedExpense
17249000 usd
CY2022Q1 ffie Acquisitions Of Property And Equipment Included In Accounts Payable And Accrued Expense
AcquisitionsOfPropertyAndEquipmentIncludedInAccountsPayableAndAccruedExpense
1881000 usd
CY2023Q1 ffie Reclassification Of Liability For Insufficient Authorized Shares Related To Stock Options And Rs Us
ReclassificationOfLiabilityForInsufficientAuthorizedSharesRelatedToStockOptionsAndRSUs
8979000 usd
CY2022Q1 ffie Reclassification Of Liability For Insufficient Authorized Shares Related To Stock Options And Rs Us
ReclassificationOfLiabilityForInsufficientAuthorizedSharesRelatedToStockOptionsAndRSUs
0 usd
CY2023Q1 ffie Reclassification Of Earnout Shares Liability To Equity As Part Of Authorized Share Increase
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5014000 usd
CY2022Q1 ffie Reclassification Of Earnout Shares Liability To Equity As Part Of Authorized Share Increase
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0 usd
CY2023Q1 ffie Conversion Of Convertible Note To Equity
ConversionOfConvertibleNoteToEquity
46296000 usd
CY2022Q1 ffie Conversion Of Convertible Note To Equity
ConversionOfConvertibleNoteToEquity
0 usd
CY2023Q1 ffie Issuance Of Convertible Notes Pursuant To The Exchange Agreement
IssuanceOfConvertibleNotesPursuantToTheExchangeAgreement
41000000 usd
CY2022Q1 ffie Issuance Of Convertible Notes Pursuant To The Exchange Agreement
IssuanceOfConvertibleNotesPursuantToTheExchangeAgreement
0 usd
CY2023Q1 ffie Warrant Issued
WarrantIssued
26455000 usd
CY2022Q1 ffie Warrant Issued
WarrantIssued
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CY2023Q1 ffie Disposal Of Warrants
DisposalOfWarrants
77577000 usd
CY2022Q1 ffie Disposal Of Warrants
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0 usd
CY2023Q1 ffie Change In Classification Of Warrants From Additional Paid In Capital To Liability Pursuant To Warrant Exchange
ChangeInClassificationOfWarrantsFromAdditionalPaidInCapitalToLiabilityPursuantToWarrantExchange
6811000 usd
CY2022Q1 ffie Change In Classification Of Warrants From Additional Paid In Capital To Liability Pursuant To Warrant Exchange
ChangeInClassificationOfWarrantsFromAdditionalPaidInCapitalToLiabilityPursuantToWarrantExchange
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CY2023Q1 ffie Recognition Of Operating Right Of Use Assets And Lease Liabilities For New Leases
RecognitionOfOperatingRightOfUseAssetsAndLeaseLiabilitiesForNewLeases
0 usd
CY2022Q1 ffie Recognition Of Operating Right Of Use Assets And Lease Liabilities For New Leases
RecognitionOfOperatingRightOfUseAssetsAndLeaseLiabilitiesForNewLeases
8206000 usd
CY2022Q4 ffie Deposit For Future Work
DepositForFutureWork
3187000 usd
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55405000 usd
CY2022Q4 us-gaap Deposits Assets Current
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26804000 usd
CY2023Q1 us-gaap Use Of Estimates
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<div style="margin-bottom:9pt;margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:25.2pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions, which affect the reported amounts in the financial statements. </span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Estimates are based on historical experience, where applicable, and other assumptions which management believes are reasonable under the circumstances. On an ongoing basis management evaluates its estimates, including those related to the: (i) realization of tax assets and estimates of tax liabilities; (ii) valuation of equity securities; (iii) recognition and disclosure of contingent liabilities, including litigation reserves; (iv) fair value of related party notes payable and notes payable; (v) fair value of options granted to employees and non-employees; (vi) fair value of warrants, and (vii) incremental borrowing rate used to measure operating lease liabilities. Such estimates often require the selection of appropriate valuation methodologies and financial models and may involve significant judgment in evaluating ranges of assumptions and financial inputs. Actual results may differ from those estimates under different assumptions, financial inputs, or circumstances. </span></div><div style="margin-bottom:9pt;margin-top:9pt;text-align:justify;text-indent:27pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Given the global economic climate, unpredictable nature and unknown duration of the COVID-19 pandemic, estimates are subject to additional volatility. As of the date the Company’s unaudited Condensed Consolidated Financial Statements were issued, the Company is not aware of any specific event or circumstance that would require it to update its estimates or judgments or to revise the carrying value of its assets or liabilities. However, these estimates and judgments may change as new events occur and additional information is obtained. Actual results could differ from these estimates and any such differences may have a material impact on the Company’s unaudited Condensed Consolidated Financial Statements.</span></div>
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CY2022Q4 us-gaap Prepaid Expense Current
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CY2023Q1 ffie Going Concern Period
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CY2023Q1 ffie Deposit Assets For Research And Development Prototype Parts And Other
DepositAssetsForResearchAndDevelopmentPrototypePartsAndOther
52436000 usd
CY2022Q4 ffie Deposit Assets For Research And Development Prototype Parts And Other
DepositAssetsForResearchAndDevelopmentPrototypePartsAndOther
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CY2023Q1 ffie Deposit For Future Work
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2969000 usd
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4049000 usd
CY2022Q4 us-gaap Inventory Net
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3598000 usd
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1547000 usd
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3052000 usd
CY2023Q1 us-gaap Other Assets Current
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14717000 usd
CY2022Q4 us-gaap Other Assets Current
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12113000 usd
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CY2023Q1 us-gaap Depreciation
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CY2022Q1 us-gaap Depreciation
Depreciation
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EngineeringDesignAndTestingServiceReceivedNotInvoiced
10591000 usd
CY2022Q4 ffie Engineering Design And Testing Service Received Not Invoiced
EngineeringDesignAndTestingServiceReceivedNotInvoiced
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CY2023Q1 us-gaap Contract With Customer Liability Current
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11298000 usd
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CY2023Q1 ffie Loss On Extinguishment Of Debt
LossOnExtinguishmentOfDebt
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CY2023Q1 ffie Stock Exchanged During Period Value
StockExchangedDuringPeriodValue
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CY2023Q1 us-gaap Lessee Finance Lease Renewal Term1
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P5Y
CY2023Q1 us-gaap Lessee Operating Lease Renewal Term
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CY2023Q1 us-gaap Finance Lease Right Of Use Asset Amortization
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CY2022Q1 us-gaap Finance Lease Right Of Use Asset Amortization
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96000 usd
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177000 usd
CY2023Q1 ffie Finance Lease Cost
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187000 usd
CY2022Q1 ffie Finance Lease Cost
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CY2023Q1 us-gaap Operating Lease Cost
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1481000 usd
CY2022Q1 us-gaap Operating Lease Cost
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882000 usd
CY2023Q1 ffie Variable Lease Cost Net
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112000 usd
CY2022Q1 ffie Variable Lease Cost Net
VariableLeaseCostNet
134000 usd
CY2023Q1 us-gaap Lease Cost
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1780000 usd
CY2022Q1 us-gaap Lease Cost
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1693000 usd
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CY2023Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
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1292000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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5496000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
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CY2023Q1 ffie Lessee Operating Lease Liability Payment Due After Year Four
LesseeOperatingLeaseLiabilityPaymentDueAfterYearFour
9284000 usd
CY2023Q1 ffie Finance Lease Liability Payment Due After Year Four
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CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32300000 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
8533000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12293000 usd
CY2023Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
934000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
20007000 usd
CY2023Q1 us-gaap Finance Lease Liability
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2609000 usd
CY2023Q1 us-gaap Finance Lease Liability Current
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1390000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
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17398000 usd
CY2023Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6209000 usd
CY2023Q1 us-gaap Operating Lease Liability
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20007000 usd
CY2023Q1 us-gaap Finance Lease Liability
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7599000 usd
CY2023Q1 us-gaap Operating Lease Payments
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CY2022Q1 us-gaap Operating Lease Payments
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CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
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CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
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CY2023Q1 us-gaap Finance Lease Principal Payments
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335000 usd
CY2022Q1 us-gaap Finance Lease Principal Payments
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466000 usd
CY2023Q1 ffie Cash Paid For Amounts Included In The Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInTheMeasurementOfLeaseLiabilities
1754000 usd
CY2022Q1 ffie Cash Paid For Amounts Included In The Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInTheMeasurementOfLeaseLiabilities
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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P6Y2M12D
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P4Y9M18D
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P5Y
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0.156
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.156
CY2023Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2021Q4 ffie Loss Contingency Number Of Directors
LossContingencyNumberOfDirectors
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CY2022Q3 ffie Number Of Reservations Received For Vehicles
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CY2023Q1 ffie Loss Contingency Number Of Directors
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CY2022Q2 us-gaap Loss Contingency New Claims Filed Number
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CY2023Q1 us-gaap Accrued Professional Fees Current
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16000000.0 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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18900000 usd
CY2021Q4 ffie Number Of Reservations Received For Vehicles
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CY2021Q4 ffie Number Of Unpaid Reservations Of Interest
NumberOfUnpaidReservationsOfInterest
14000 reservation
CY2023Q1 us-gaap Contractual Obligation
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422200000 usd
CY2023Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
279800000 usd
CY2023Q1 ffie Contractual Obligation To Be Paid Year One And Two
ContractualObligationToBePaidYearOneAndTwo
74800000 usd
CY2023Q1 ffie Contractual Obligation To Be Paid Year Three And Four
ContractualObligationToBePaidYearThreeAndFour
21700000 usd
CY2023Q1 ffie Contractual Obligation To Be Paid After Year Four
ContractualObligationToBePaidAfterYearFour
45900000 usd
CY2023Q1 us-gaap Contractual Obligation Future Minimum Payments Due Remainder Of Fiscal Year
ContractualObligationFutureMinimumPaymentsDueRemainderOfFiscalYear
279800000 usd
CY2023Q1 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
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0 shares
CY2023Q1 ffie Shares Authorized
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1775000000 shares
CY2023Q1 us-gaap Shares Issued
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CY2023Q1 us-gaap Shares Outstanding
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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CY2022Q4 us-gaap Preferred Stock Shares Issued
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CY2022Q4 ffie Shares Authorized
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CY2022Q4 us-gaap Shares Outstanding
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CY2021Q3 us-gaap Preferred Stock Shares Authorized
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CY2021Q4 us-gaap Common Stock Shares Authorized
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825000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1775000000 shares
CY2022Q4 ffie Share Based Compensation Arrangement Number Of Shares Reclassified From Equity To Liability Classification
ShareBasedCompensationArrangementNumberOfSharesReclassifiedFromEquityToLiabilityClassification
53820670 shares
CY2022 ffie Adjustments To Additional Paid In Capital Liability For Insufficient Authorized Shares
AdjustmentsToAdditionalPaidInCapitalLiabilityForInsufficientAuthorizedShares
4000000 usd
CY2023Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-59331000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15102000 usd
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3346000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
6487000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-153098000 usd
CY2023Q1 ffie Dilutive Securities Effect On Basic Earnings Per Share Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareWarrants
-11897000 usd
CY2022Q1 ffie Dilutive Securities Effect On Basic Earnings Per Share Warrants
DilutiveSecuritiesEffectOnBasicEarningsPerShareWarrants
0 usd
CY2022Q1 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
0 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-64741000 usd
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-153098000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
657565442 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
322211392 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
19121103 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
311952117 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
988638662 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
322211392 shares
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
155991114 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
80987402 shares

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