2023 Q3 Form 10-Q Financial Statement
#000121390023065538 Filed on August 10, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
Revenue | $1.110M | $1.760M | $1.499M |
YoY Change | -45.15% | 17.41% | 109.0% |
Cost Of Revenue | $2.962M | $3.524M | $6.104M |
YoY Change | -57.6% | -42.27% | 87.94% |
Gross Profit | -$1.852M | -$1.764M | -$4.605M |
YoY Change | -62.68% | -61.7% | 81.97% |
Gross Profit Margin | -166.82% | -100.18% | -307.13% |
Selling, General & Admin | $4.417M | $3.990M | $6.856M |
YoY Change | -40.49% | -41.81% | 64.17% |
% of Gross Profit | |||
Research & Development | $1.164M | $1.538M | $3.716M |
YoY Change | -82.15% | -58.62% | 40.45% |
% of Gross Profit | |||
Depreciation & Amortization | $629.0K | $677.0K | $810.0K |
YoY Change | -17.99% | -16.42% | 114.29% |
% of Gross Profit | |||
Operating Expenses | $5.774M | $5.524M | $10.57M |
YoY Change | -58.63% | -47.75% | 54.97% |
Operating Profit | -$7.626M | -$7.288M | -$15.18M |
YoY Change | -59.69% | -51.98% | 62.27% |
Interest Expense | $715.6K | $210.7K | $124.2K |
YoY Change | 742.44% | 69.67% | 162.25% |
% of Operating Profit | |||
Other Income/Expense, Net | -$6.417M | -$5.914M | $45.94K |
YoY Change | 7562.53% | -12973.37% | -38.98% |
Pretax Income | -$14.04M | -$13.20M | -$17.40M |
YoY Change | -17.22% | -24.13% | 111.01% |
Income Tax | $7.042K | $3.200K | |
% Of Pretax Income | |||
Net Earnings | -$14.04M | -$13.21M | -$17.40M |
YoY Change | -17.22% | -24.11% | 111.05% |
Net Earnings / Revenue | -1264.86% | -750.33% | -1160.8% |
Basic Earnings Per Share | -$1.58 | -$1.71 | -$0.44 |
Diluted Earnings Per Share | -$1.58 | -$1.71 | -$439.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 8.806M shares | 7.338M | 39.57M |
Diluted Shares Outstanding | 8.955M shares | 7.733M shares | 1.979M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $232.8K | $1.346M | $5.013M |
YoY Change | -94.48% | -73.15% | -86.97% |
Cash & Equivalents | $232.8K | $1.346M | $5.013M |
Short-Term Investments | |||
Other Short-Term Assets | $656.0K | $970.2K | $4.574M |
YoY Change | -87.83% | -78.79% | 39.36% |
Inventory | $10.89M | $11.06M | $11.44M |
Prepaid Expenses | |||
Receivables | $346.9K | $98.41K | $324.2K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $13.60M | $15.22M | $24.10M |
YoY Change | -46.33% | -36.86% | -49.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $27.12M | $28.16M | $27.41M |
YoY Change | -7.9% | 2.72% | 29.19% |
Goodwill | |||
YoY Change | |||
Intangibles | $8.412M | $8.623M | $9.465M |
YoY Change | -9.12% | -8.89% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $116.3K | $135.0K | $117.5K |
YoY Change | -2.82% | 14.89% | -6.6% |
Total Long-Term Assets | $36.47M | $37.91M | $38.63M |
YoY Change | -9.5% | -1.86% | 0.41% |
TOTAL ASSETS | |||
Total Short-Term Assets | $13.60M | $15.22M | $24.10M |
Total Long-Term Assets | $36.47M | $37.91M | $38.63M |
Total Assets | $50.07M | $53.13M | $62.73M |
YoY Change | -23.72% | -15.3% | -27.5% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.659M | $6.007M | $2.758M |
YoY Change | 108.94% | 117.82% | 98.99% |
Accrued Expenses | $2.143M | $890.0K | $2.711M |
YoY Change | -54.45% | -67.17% | 107.64% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $7.289M | $7.840M | $1.248M |
YoY Change | -15.97% | 528.39% | -4.01% |
Long-Term Debt Due | $744.1K | $753.9K | $850.4K |
YoY Change | -41.99% | -11.35% | -8.5% |
Total Short-Term Liabilities | $29.49M | $25.41M | $9.838M |
YoY Change | 49.11% | 158.33% | 52.34% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $6.186M | $6.454M | $8.316M |
YoY Change | -7.6% | -22.39% | 399.34% |
Other Long-Term Liabilities | $2.927M | $826.3K | $1.401M |
YoY Change | 156.04% | -41.0% | 760.5% |
Total Long-Term Liabilities | $9.113M | $7.280M | $9.716M |
YoY Change | 16.27% | -25.07% | 431.5% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $29.49M | $25.41M | $9.838M |
Total Long-Term Liabilities | $9.113M | $7.280M | $9.716M |
Total Liabilities | $38.61M | $32.69M | $19.55M |
YoY Change | 39.79% | 67.2% | 136.0% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$201.0M | -$187.0M | -$134.4M |
YoY Change | 32.85% | 39.17% | |
Common Stock | $192.0M | $191.8M | $167.0M |
YoY Change | 8.36% | 14.84% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $7.164M | $20.44M | $43.18M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $50.07M | $53.13M | $62.73M |
YoY Change | -23.72% | -15.3% | -27.5% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$14.04M | -$13.21M | -$17.40M |
YoY Change | -17.22% | -24.11% | 111.05% |
Depreciation, Depletion And Amortization | $629.0K | $677.0K | $810.0K |
YoY Change | -17.99% | -16.42% | 114.29% |
Cash From Operating Activities | -$5.164M | -$4.820M | -$12.63M |
YoY Change | -65.01% | -61.85% | 48.97% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.570K | $319.2K | -$4.123M |
YoY Change | -100.04% | -107.74% | -68.62% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $175.6K | $0.00 | $0.00 |
YoY Change | -8046.15% | -100.0% | |
Cash From Investing Activities | $174.0K | -$319.2K | -$4.123M |
YoY Change | -104.62% | -92.26% | -68.61% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 3.880M | 2.721M | 16.54M |
YoY Change | -78.11% | -83.55% | 23.09% |
NET CHANGE | |||
Cash From Operating Activities | -5.164M | -4.820M | -12.63M |
Cash From Investing Activities | 174.0K | -319.2K | -4.123M |
Cash From Financing Activities | 3.880M | 2.721M | 16.54M |
Net Change In Cash | -1.110M | -2.418M | -215.4K |
YoY Change | 39.6% | 1022.75% | -97.37% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.164M | -$4.820M | -$12.63M |
Capital Expenditures | $1.570K | $319.2K | -$4.123M |
Free Cash Flow | -$5.166M | -$5.139M | -$8.512M |
YoY Change | -53.02% | -39.62% | -282.81% |
Facts In Submission
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2023-06-30 | ||
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ARCIMOTO, INC. | ||
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|
-15177368 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-14763946 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-28106450 | usd | |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
210687 | usd |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
124171 | usd |
us-gaap |
Interest Expense
InterestExpense
|
311786 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
173906 | usd | |
CY2023Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
4138027 | usd |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
5243824 | usd | |
CY2023Q2 | fuv |
Unrealizedgain Loss On Convertible Notes Mortgage Loan And Warrants Fair Value
UnrealizedgainLossOnConvertibleNotesMortgageLoanAndWarrantsFairValue
|
-1516506 | usd |
CY2022Q2 | fuv |
Unrealizedgain Loss On Convertible Notes Mortgage Loan And Warrants Fair Value
UnrealizedgainLossOnConvertibleNotesMortgageLoanAndWarrantsFairValue
|
-2145540 | usd |
fuv |
Unrealizedgain Loss On Convertible Notes Mortgage Loan And Warrants Fair Value
UnrealizedgainLossOnConvertibleNotesMortgageLoanAndWarrantsFairValue
|
3169138 | usd | |
fuv |
Unrealizedgain Loss On Convertible Notes Mortgage Loan And Warrants Fair Value
UnrealizedgainLossOnConvertibleNotesMortgageLoanAndWarrantsFairValue
|
-2145540 | usd | |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-48419 | usd |
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
45937 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-15901 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
71196 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2925610 | usd | |
CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5913639 | usd |
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2223774 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5327983 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2248250 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-13201407 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-17401142 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-20091929 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-30354700 | usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7042 | usd |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3200 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
7042 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3200 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13208449 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17404342 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-20098971 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-30357900 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7733452 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1978666 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7124307 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1938729 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.71 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-8.8 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.82 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-15.66 | ||
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
45772556 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
392960 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
12602091 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-29454 | usd |
CY2022Q2 | fuv |
Common Stock To External Consultant
CommonStockToExternalConsultant
|
-23115 | usd |
CY2022Q2 | fuv |
Stock Issued During Period Value Equity Awards Issued To External Consultants
StockIssuedDuringPeriodValueEquityAwardsIssuedToExternalConsultants
|
351572 | usd |
CY2022Q2 | fuv |
Stock Issued During Period Value Warrant Exercises
StockIssuedDuringPeriodValueWarrantExercises
|
20000 | usd |
CY2022Q2 | fuv |
Stock Issued During Period Value Exercise Of Stock Options
StockIssuedDuringPeriodValueExerciseOfStockOptions
|
30391 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1812019 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17404342 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43177948 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
30349727 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
427304 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2362914 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
934503 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13208449 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20438695 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
53548288 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
597723 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
16315741 | usd | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
-29454 | usd | |
fuv |
Common Stock To External Consultant
CommonStockToExternalConsultant
|
-23115 | usd | |
fuv |
Stock Issued During Period Value Equity Awards Issued To External Consultants
StockIssuedDuringPeriodValueEquityAwardsIssuedToExternalConsultants
|
351572 | usd | |
fuv |
Stock Issued During Period Value Warrant Exercises
StockIssuedDuringPeriodValueWarrantExercises
|
20000 | usd | |
fuv |
Stock Issued During Period Value Exercise Of Stock Options
StockIssuedDuringPeriodValueExerciseOfStockOptions
|
83456 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3223130 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-30357900 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
43177948 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
31365945 | usd |
us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
427304 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5984111 | usd | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
1112500 | usd | |
fuv |
Stock Issued During Period Value Warrant Exercises
StockIssuedDuringPeriodValueWarrantExercises
|
70 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2075040 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-20098971 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20438695 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-20098971 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-30357900 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1803104 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1727863 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
339827 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
281405 | usd | |
fuv |
Noncash Financing Costs
NoncashFinancingCosts
|
3767288 | usd | |
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
95740 | usd | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
31839 | usd | |
fuv |
Debt Issuance Costs Expensed Mortgage Loan
DebtIssuanceCostsExpensedMortgageLoan
|
600000 | usd | |
fuv |
Warrant Issuance Costs Expensed
WarrantIssuanceCostsExpensed
|
780796 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2925610 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
3169138 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-2145540 | usd | |
fuv |
Common Stock To External Consultant
CommonStockToExternalConsultant
|
-23115 | usd | |
fuv |
Equity Awards Issued To External Consultants
EquityAwardsIssuedToExternalConsultants
|
351572 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2075040 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3223130 | usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-221741 | usd | |
fuv |
Accounts Receivable
AccountsReceivable
|
164234 | usd | |
fuv |
Accounts Receivable
AccountsReceivable
|
-196324 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1667366 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
3584362 | usd | |
fuv |
Prepaid Inventory
PrepaidInventory
|
-307892 | usd | |
fuv |
Prepaid Inventory
PrepaidInventory
|
-111543 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-624019 | usd | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
291630 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1661630 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
200797 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
434222 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
410932 | usd | |
fuv |
Customer Deposit
CustomerDeposit
|
-172486 | usd | |
fuv |
Customer Deposit
CustomerDeposit
|
261790 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-351303 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-284946 | usd | |
fuv |
Increase Decrease In Warranty Accruals
IncreaseDecreaseInWarrantyAccruals
|
185811 | usd | |
fuv |
Increase Decrease In Warranty Accruals
IncreaseDecreaseInWarrantyAccruals
|
119419 | usd | |
us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
-107859 | usd | |
us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
-24030 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10152642 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-26105172 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
327088 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5608086 | usd | |
fuv |
Refund From Return Of Equipment
RefundFromReturnOfEquipment
|
455142 | usd | |
fuv |
Payments To Acquire Security Deposit
PaymentsToAcquireSecurityDeposit
|
14532 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
113522 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5608086 | usd | |
fuv |
Proceeds From The Sale Of Common Stock
ProceedsFromTheSaleOfCommonStock
|
14494896 | usd | |
fuv |
Proceeds From The Sale Of Common Stock
ProceedsFromTheSaleOfCommonStock
|
16913464 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1208100 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
597723 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
500000 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
250000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
70 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
20000 | usd | |
fuv |
Proceeds From Mortgage Loan
ProceedsFromMortgageLoan
|
6000000 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
4500000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
600000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
83456 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
303528 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
194660 | usd | |
fuv |
Repayment Of Equipment Notes
RepaymentOfEquipmentNotes
|
210923 | usd | |
fuv |
Repayment Of Equipment Notes
RepaymentOfEquipmentNotes
|
245451 | usd | |
fuv |
Proceeds From Equipment Notes
ProceedsFromEquipmentNotes
|
65243 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
7500000 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
789367 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10922415 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
19754962 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
883295 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-11958296 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
462753 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16971320 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1346048 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5013024 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
55520 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
98524 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
7042 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
150 | usd | |
fuv |
Accounts Payable For Purchase Of Property And Equipment
AccountsPayableForPurchaseOfPropertyAndEquipment
|
727 | usd | |
fuv |
Accounts Payable For Purchase Of Property And Equipment
AccountsPayableForPurchaseOfPropertyAndEquipment
|
522198 | usd | |
fuv |
Notes Payable And Accrued Interest Converted To Common Stock
NotesPayableAndAccruedInterestConvertedToCommonStock
|
1112500 | usd | |
fuv |
Transfers From Fuv Rental Fleet To Inventory
TransfersFromFUVRentalFleetToInventory
|
400211 | usd | |
fuv |
Equipment Acquired Through Finance Leases
EquipmentAcquiredThroughFinanceLeases
|
466991 | usd | |
fuv |
Equipment Acquired Through Finance Leases
EquipmentAcquiredThroughFinanceLeases
|
69000 | usd | |
CY2023Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
10036060 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
11491555 | usd |
CY2023Q2 | fuv |
Labor And Overhead Expense
LaborAndOverheadExpense
|
1836000 | usd |
CY2022Q2 | fuv |
Labor And Overhead Expense
LaborAndOverheadExpense
|
4024000 | usd |
CY2023Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
142924 | usd |
CY2023Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
877878 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
832462 | usd |
CY2023Q2 | us-gaap |
Inventory Net
InventoryNet
|
11056862 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
12324017 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1: NATURE OF OPERATIONS </b></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">Arcimoto, Inc. (the “Company”) was incorporated in the State of Oregon on November 21, 2007. The Company’s mission is to catalyze the global shift to a sustainable transportation system. Over the past 16 years, the Company has developed a new vehicle platform designed around the needs of everyday drivers. Having approximately one-third the weight and one-third of the footprint of the average car, the Arcimoto platform’s purpose is to bring the joy of ultra-efficient, pure electric driving to the masses. To date, the Company currently has two vehicle products built on this platform that target specific niches in the vehicle market: its flagship product, the Fun Utility Vehicle® (“FUV®”), for everyday consumer trips, and the Deliverator® for last-mile delivery and general fleet utility.</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">In February 2023, two wholly-owned subsidiaries of the Company were formed, Arcimoto Property Holding Company, LLC and APHC Holdings, LLC. APHC Holdings, LLC is the parent of Arcimoto Property Holding Company, LLC. Arcimoto Property Holding Company, LLC is the borrower in a loan obtained on February 17, 2023 for $6,000,000 that is secured by a guarantee provided by Arcimoto, Inc. and the real estate owned by the Company.</p> | ||
CY2022Q1 | us-gaap |
Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
|
100000000 | usd |
CY2022Q4 | fuv |
Equity Distribution Maximum Amount
EquityDistributionMaximumAmount
|
50000000 | usd |
CY2023Q1 | fuv |
Percentage Of Offering Price
PercentageOfOfferingPrice
|
0.50 | pure |
fuv |
Debt Instrument Fee Amount Of Extension
DebtInstrumentFeeAmountOfExtension
|
300000 | usd | |
CY2023Q2 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
2300000 | usd |
CY2023Q3 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
8200000 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
948000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1280000 | usd |
CY2023Q2 | us-gaap |
Other Inventory Scrap
OtherInventoryScrap
|
3456000 | usd |
CY2022Q2 | us-gaap |
Other Inventory Scrap
OtherInventoryScrap
|
7073000 | usd |
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
58126 | shares |
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
79076 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
58126 | shares | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
67341 | shares | |
CY2023Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
10000000 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
34983406 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
35719877 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6823803 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5897083 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
28159603 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
29822794 | usd |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
677000 | usd |
us-gaap |
Depreciation
Depreciation
|
1381000 | usd | |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
810000 | usd |
us-gaap |
Depreciation
Depreciation
|
1307000 | usd | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
10648000 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-2024911 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
8623089 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
10648000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-1602710 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
9045290 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
211000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
422000 | usd | |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
210000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
421000 | usd | |
CY2022Q2 | fuv |
Customer Non Refundable Deposits
CustomerNonRefundableDeposits
|
2500 | usd |
CY2022Q2 | fuv |
Customer Non Refundable Deposits Reduced
CustomerNonRefundableDepositsReduced
|
500 | usd |
CY2023Q2 | fuv |
Non Refundable Deposits
NonRefundableDeposits
|
170100 | usd |
CY2022Q4 | fuv |
Non Refundable Deposits
NonRefundableDeposits
|
268300 | usd |
fuv |
Customer Deposits Currents
CustomerDepositsCurrents
|
789800 | usd | |
CY2022 | fuv |
Customer Deposits Currents
CustomerDepositsCurrents
|
962300 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
6000000 | usd |
CY2023Q1 | fuv |
Mortgage Loan Description
MortgageLoanDescription
|
The loan (i) has an initial term of six months with the possibility of a further six month extension upon the satisfaction of certain conditions; (ii) has an interest rate equal to 20% per annum of the first six months (with the possibility of retroactive reduction to 10% if repaid in full within such six (6) months without an event of default having occurred) and zero percent (0%) per annum for the six (6) month extension period; (iii) requires an upfront fee to Lender of $600,000 on the date the loan is made (and an additional facility fee to Lender of $300,000 if the loan is not repaid in full within the first six (6) months or if an event of default occurs); (iv) requires that, in the event of prepayment, a minimum of $600,000 in interest must have been paid (with the possibility of reduction to $300,000 if repaid in full within the first six (6) months if no event of default has occurred); (v) provides that $500,000 of the loan amount is retained as a holdback by Lender for disbursement to Borrower only after certain construction is completed at the real property and the cost of such construction is paid in full by Borrower; (vi) contemplates an increase in the interest rate if an event of default occurs; (vii) is fully guaranteed by Holdings and is subject to a limited recourse guaranty by the Company. The $500,000 holdback was received by the Company during the quarter ended June 30, 2023. On July 14, 2023, the Company extended the maturity date of the loan six months to February 2024. | |
CY2023Q1 | fuv |
Debt Instrument Fee Amount Of Extension
DebtInstrumentFeeAmountOfExtension
|
300000 | usd |
fuv |
Mortgage Loans
MortgageLoans
|
336194 | usd | |
CY2023Q2 | fuv |
Unrealized Loss On Securitie
UnrealizedLossOnSecuritie
|
1367125 | usd |
fuv |
Unrealized Loss On Securitie
UnrealizedLossOnSecuritie
|
1590085 | usd | |
CY2023Q2 | us-gaap |
Advances Fair Value Disclosure
AdvancesFairValueDisclosure
|
7590085 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Fee Amount
DebtInstrumentFeeAmount
|
600000 | usd |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1936000 | usd | |
fuv |
Additional Discount On Note
AdditionalDiscountOnNote
|
36300 | usd | |
CY2023Q2 | us-gaap |
Other Long Term Notes Payable
OtherLongTermNotesPayable
|
1140000 | usd |
CY2022Q4 | us-gaap |
Other Long Term Notes Payable
OtherLongTermNotesPayable
|
1351000 | usd |
CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
195808 | usd |
CY2022Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
183514 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
391616 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
355979 | usd | |
CY2023Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
24818 | usd |
CY2022Q2 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
34520 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
67497 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
52251 | usd | |
CY2023Q2 | us-gaap |
Lease Cost
LeaseCost
|
220626 | usd |
CY2022Q2 | us-gaap |
Lease Cost
LeaseCost
|
218034 | usd |
us-gaap |
Lease Cost
LeaseCost
|
459113 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
408230 | usd | |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
996999 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1336826 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
563781 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
666542 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
495600 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
744142 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1059381 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1410684 | usd |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y7D | |
CY2023Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.087 | pure |
CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
202199 | usd |
CY2022Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
186887 | usd |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
403092 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
360396 | usd | |
CY2023Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
2211000 | usd |
CY2023Q2 | fuv |
Lessee Finance Lease Monthly Payment
LesseeFinanceLeaseMonthlyPayment
|
61000 | usd |
us-gaap |
Lessor Operating Lease Lessee Option To Purchase Underlying Asset
LessorOperatingLeaseLesseeOptionToPurchaseUnderlyingAsset
|
$3,901,000 | ||
CY2023Q2 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
879000 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
1463474 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
1300011 | usd |
CY2023Q2 | fuv |
Finance Lease Right Of Use Assets
FinanceLeaseRightOfUseAssets
|
3021927 | usd |
CY2022Q4 | fuv |
Finance Lease Right Of Use Assets
FinanceLeaseRightOfUseAssets
|
2672177 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
401917 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
441523 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
1061557 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
858488 | usd |
CY2023Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
1463474 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
1300011 | usd |
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P3Y6M21D | |
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0455 | pure |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-42475 | usd | |
us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
29978 | usd | |
fuv |
Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
|
303528 | usd | |
fuv |
Financing Cash Flows From Finance Leases
FinancingCashFlowsFromFinanceLeases
|
194660 | usd | |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
73871 | usd |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
50143 | usd |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
130082 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
95105 | usd | |
CY2023Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
23169 | usd |
CY2022Q2 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
14703 | usd |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
42475 | usd | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
29979 | usd | |
CY2023Q2 | us-gaap |
Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
|
4500000 | usd |
CY2022Q2 | us-gaap |
Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
|
2145540 | usd |
us-gaap |
Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
|
2145540 | usd | |
CY2023Q2 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
4604130 | usd |
CY2022Q4 | us-gaap |
Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
|
4887690 | usd |
CY2023Q2 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
10000000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
10000000 | usd |
CY2023Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
10000000 | usd |
CY2022Q3 | fuv |
Debt Instrument Discount If Paid In Common Stock
DebtInstrumentDiscountIfPaidInCommonStock
|
0.08 | pure |
CY2023Q2 | us-gaap |
Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
|
598670 | usd |
CY2022Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P4Y8M1D | |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0415 | pure |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
CY2022Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.165 | pure |
CY2023Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
125022 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
374474 | usd |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1500000 | shares |
fuv |
Initial Public Offering Raising Price
InitialPublicOfferingRaisingPrice
|
15000000 | usd | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
|
363577 | shares | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
|
378296 | shares |
CY2023Q2 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.0001 | |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.0001 | ||
CY2023Q2 | fuv |
Proceeds From Stock Option Exercised
ProceedsFromStockOptionExercised
|
70 | usd |
fuv |
Proceeds From Stock Option Exercised
ProceedsFromStockOptionExercised
|
70 | usd | |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
50 | |
fuv |
Proceeds From Stock Option Exercised
ProceedsFromStockOptionExercised
|
20000 | usd | |
CY2023Q2 | us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
4800 | shares |
us-gaap |
Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
|
4800 | shares | |
CY2023Q1 | fuv |
Shares Of Common Stock
SharesOfCommonStock
|
3300000 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
|
4000000 | shares |
CY2023Q1 | fuv |
Offering Price Per Share
OfferingPricePerShare
|
3 | |
fuv |
Offering Price Per Share
OfferingPricePerShare
|
2.9999 | ||
us-gaap |
Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
|
0.0001 | ||
us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
3 | ||
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
7951393 | usd |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
4249751 | usd | |
CY2023Q2 | fuv |
Unrealizedloss Gain
UnrealizedlossGain
|
122694 | usd |
fuv |
Unrealizedloss Gain
UnrealizedlossGain
|
3701642 | usd | |
us-gaap |
Payments For Fees
PaymentsForFees
|
11000000 | usd | |
fuv |
Net Proceeds Offering Repay
NetProceedsOfferingRepay
|
7500000 | usd | |
CY2023Q2 | fuv |
Aggregate Shares
AggregateShares
|
1467648 | shares |
CY2023Q2 | fuv |
Purchased Shares Of Common Stock
PurchasedSharesOfCommonStock
|
2935296 | shares |
CY2023Q2 | fuv |
Offering Price Per Share
OfferingPricePerShare
|
1.7 | |
CY2023Q2 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
1.75 | |
fuv |
Gross Proceeds
GrossProceeds
|
2500000 | usd | |
us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
2300000 | usd | |
fuv |
Net Proceeds
NetProceeds
|
250000 | usd | |
CY2023Q2 | fuv |
Warrants Issued
WarrantsIssued
|
3906366 | usd |
CY2023Q2 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
3495168 | usd |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1467648 | shares |
CY2023Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
2362914 | usd |
CY2023Q2 | fuv |
Warrants Of Fair Value
WarrantsOfFairValue
|
95740 | usd |
CY2023Q2 | us-gaap |
Fair Value Hedges At Fair Value Net
FairValueHedgesAtFairValueNet
|
85320 | usd |
CY2023Q2 | us-gaap |
Shares Issued
SharesIssued
|
175306 | shares |
CY2023Q2 | us-gaap |
Offering Costs Partnership Interests
OfferingCostsPartnershipInterests
|
12602091 | usd |
CY2022Q2 | us-gaap |
Shares Issued
SharesIssued
|
203320 | shares |
CY2022Q2 | us-gaap |
Offering Costs Partnership Interests
OfferingCostsPartnershipInterests
|
16315741 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
934503 | usd |
CY2022Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1812019 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2075040 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3223130 | usd | |
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
1600000 | shares |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
|
100000 | shares | |
CY2022Q2 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1406000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Convertible If Converted Value In Excess Of Principal
DebtInstrumentConvertibleIfConvertedValueInExcessOfPrincipal
|
500000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Repaid Principal
DebtInstrumentRepaidPrincipal
|
250000 | usd |
CY2023Q2 | fuv |
Issuance Shares Of Common Stock
IssuanceSharesOfCommonStock
|
201863 | shares |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1760346 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1499341 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-7287768 | usd |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-15177368 | usd |
CY2023Q2 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
4138027 | usd |
CY2023Q2 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
|
1516506 | usd |
CY2022Q2 | us-gaap |
Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
|
2145540 | usd |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
210687 | usd |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
124171 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-48419 | usd |
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
45937 | usd |
CY2023Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
7042 | usd |
CY2022Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
3200 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-13208449 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-17404342 | usd |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
3113874 | usd | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
2149574 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-14763946 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-28106450 | usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
5243824 | usd | |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
|
-3169138 | usd | |
us-gaap |
Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
|
2145540 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
311786 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
173906 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-2925610 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-15901 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
71196 | usd | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
7042 | usd | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
3200 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-20098971 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-30357900 | usd | |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | ||
fuv |
Proceeds From Mortgage Loan
ProceedsFromMortgageLoan
|
usd | ||
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
usd | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
CY2022Q4 | us-gaap |
Loans Payable To Bank Current
LoansPayableToBankCurrent
|
usd | |
CY2023Q2 | us-gaap |
Convertible Debt Current
ConvertibleDebtCurrent
|
usd | |
CY2022Q4 | us-gaap |
Other Notes Payable Current
OtherNotesPayableCurrent
|
usd | |
CY2023Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
||
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
||
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
||
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
||
CY2022Q2 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | ||
CY2022Q2 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
usd | |
us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
usd | ||
CY2023Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2022Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1938729 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1978666 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7124307 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7733452 | shares |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-15.66 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.71 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-2.82 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-8.80 | |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
usd | |
us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
usd | ||
fuv |
Noncash Financing Costs
NoncashFinancingCosts
|
usd | ||
us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
usd | ||
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
usd | ||
fuv |
Debt Issuance Costs Expensed Mortgage Loan
DebtIssuanceCostsExpensedMortgageLoan
|
usd | ||
fuv |
Warrant Issuance Costs Expensed
WarrantIssuanceCostsExpensed
|
usd | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
fuv |
Common Stock To External Consultant
CommonStockToExternalConsultant
|
usd | ||
fuv |
Equity Awards Issued To External Consultants
EquityAwardsIssuedToExternalConsultants
|
usd | ||
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
usd | ||
fuv |
Refund From Return Of Equipment
RefundFromReturnOfEquipment
|
usd | ||
fuv |
Payments To Acquire Security Deposit
PaymentsToAcquireSecurityDeposit
|
usd | ||
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
usd | ||
fuv |
Proceeds From Equipment Notes
ProceedsFromEquipmentNotes
|
usd | ||
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
usd | ||
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
usd | ||
fuv |
Notes Payable And Accrued Interest Converted To Common Stock
NotesPayableAndAccruedInterestConvertedToCommonStock
|
usd | ||
fuv |
Transfers From Fuv Rental Fleet To Inventory
TransfersFromFUVRentalFleetToInventory
|
usd | ||
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
usd | |
CY2022Q2 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | ||
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001558583 |