2023 Q2 Form 10-K Financial Statement

#000143774923010348 Filed on April 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $1.760M $2.384M $6.558M
YoY Change 17.41% 206.91% 49.5%
Cost Of Revenue $3.524M $6.116M $23.25M
YoY Change -42.27% 5.08% 35.6%
Gross Profit -$1.764M -$3.732M -$16.70M
YoY Change -61.7% -26.0% 30.82%
Gross Profit Margin -100.18% -156.55% -254.62%
Selling, General & Admin $3.990M $3.632M $23.53M
YoY Change -41.81% -50.51% 17.98%
% of Gross Profit
Research & Development $1.538M $4.789M $18.93M
YoY Change -58.62% 24.4% 56.39%
% of Gross Profit
Depreciation & Amortization $677.0K $1.061M $3.765M
YoY Change -16.42% 50.14% 60.35%
% of Gross Profit
Operating Expenses $5.524M $8.421M $42.80M
YoY Change -47.75% -24.73% 33.52%
Operating Profit -$7.288M -$12.15M -$59.49M
YoY Change -51.98% -25.13% 32.75%
Interest Expense $210.7K -$2.629M $1.083M
YoY Change 69.67% 3930.77% -600.47%
% of Operating Profit
Other Income/Expense, Net -$5.914M -$457.4K -$3.381M
YoY Change -12973.37% -855.57% -1299.89%
Pretax Income -$13.20M -$15.56M -$62.88M
YoY Change -24.13% -32.54% 24.51%
Income Tax $7.042K $770.00 $3.974K
% Of Pretax Income
Net Earnings -$13.21M -$15.56M -$62.88M
YoY Change -24.11% -32.55% 32.2%
Net Earnings / Revenue -750.33% -652.66% -958.89%
Basic Earnings Per Share -$1.71 -$28.45
Diluted Earnings Per Share -$1.71 -$5.74 -$28.45
COMMON SHARES
Basic Shares Outstanding 7.338M 51.19M 2.210M
Diluted Shares Outstanding 7.733M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.346M $462.8K $462.8K
YoY Change -73.15% -97.27% -97.27%
Cash & Equivalents $1.346M $462.8K $462.8K
Short-Term Investments
Other Short-Term Assets $970.2K $1.594M $3.033M
YoY Change -78.79% -34.67% -40.27%
Inventory $11.06M $12.32M $12.32M
Prepaid Expenses
Receivables $98.41K $262.6K $262.6K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.22M $16.08M $16.08M
YoY Change -36.86% -46.45% -46.45%
LONG-TERM ASSETS
Property, Plant & Equipment $28.16M $29.82M $31.16M
YoY Change 2.72% 22.53% 28.02%
Goodwill $0.00
YoY Change
Intangibles $8.623M $9.045M
YoY Change -8.89% -8.5%
Long-Term Investments
YoY Change
Other Assets $135.0K $120.4K $120.4K
YoY Change 14.89% -14.87% -14.87%
Total Long-Term Assets $37.91M $40.33M $40.33M
YoY Change -1.86% 17.34% 17.34%
TOTAL ASSETS
Total Short-Term Assets $15.22M $16.08M $16.08M
Total Long-Term Assets $37.91M $40.33M $40.33M
Total Assets $53.13M $56.41M $56.41M
YoY Change -15.3% -12.41% -12.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.007M $7.668M $7.668M
YoY Change 117.82% 280.32% 280.32%
Accrued Expenses $890.0K $455.8K $1.122M
YoY Change -67.17% -80.62% -52.28%
Deferred Revenue
YoY Change
Short-Term Debt $7.840M $5.639M $5.639M
YoY Change 528.39% 176.52% 176.52%
Long-Term Debt Due $753.9K $830.5K $830.5K
YoY Change -11.35% -1.77% -1.77%
Total Short-Term Liabilities $25.41M $17.32M $17.32M
YoY Change 158.33% 101.11% 101.11%
LONG-TERM LIABILITIES
Long-Term Debt $6.454M $6.709M $6.709M
YoY Change -22.39% 253.53% 253.53%
Other Long-Term Liabilities $826.3K $1.009M $1.009M
YoY Change -41.0% 197.59% 197.59%
Total Long-Term Liabilities $7.280M $7.717M $7.717M
YoY Change -25.07% 245.05% 245.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.41M $17.32M $17.32M
Total Long-Term Liabilities $7.280M $7.717M $7.717M
Total Liabilities $32.69M $25.04M $25.04M
YoY Change 67.2% 130.78% 130.78%
SHAREHOLDERS EQUITY
Retained Earnings -$187.0M -$166.9M
YoY Change 39.17% 60.47%
Common Stock $191.8M $184.7M
YoY Change 14.84% 22.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.44M $31.37M $31.37M
YoY Change
Total Liabilities & Shareholders Equity $53.13M $56.41M $56.41M
YoY Change -15.3% -12.41% -12.41%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$13.21M -$15.56M -$62.88M
YoY Change -24.11% -32.55% 32.2%
Depreciation, Depletion And Amortization $677.0K $1.061M $3.765M
YoY Change -16.42% 50.14% 60.35%
Cash From Operating Activities -$4.820M -$6.657M -$47.52M
YoY Change -61.85% -52.24% 20.94%
INVESTING ACTIVITIES
Capital Expenditures $319.2K -$1.309M $8.062M
YoY Change -107.74% -47.97% -146.45%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 -$750.00 -$2.960K
YoY Change -109.03% -99.83%
Cash From Investing Activities -$319.2K $1.309M -$8.065M
YoY Change -92.26% -152.17% -57.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.721M 1.593M $39.08M
YoY Change -83.55% 262.17% 8.74%
NET CHANGE
Cash From Operating Activities -4.820M -6.657M -$47.52M
Cash From Investing Activities -319.2K 1.309M -$8.065M
Cash From Financing Activities 2.721M 1.593M $39.08M
Net Change In Cash -2.418M -3.755M -$16.51M
YoY Change 1022.75% -76.54% -26.56%
FREE CASH FLOW
Cash From Operating Activities -$4.820M -$6.657M -$47.52M
Capital Expenditures $319.2K -$1.309M $8.062M
Free Cash Flow -$5.139M -$5.347M -$55.58M
YoY Change -39.62% -53.18% 153.39%

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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost
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CY2022 us-gaap Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
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CY2021 us-gaap Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Paid In Kind Interest
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CY2021 us-gaap Paid In Kind Interest
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2022 fuv Equity Awards Issued
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CY2021 fuv Equity Awards Issued
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
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CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2022 us-gaap Goodwill Impairment Loss
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0 usd
CY2021 us-gaap Goodwill Impairment Loss
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6824209 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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CY2022 fuv Increase Decrease In Prepaid Inventory
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CY2021 fuv Increase Decrease In Prepaid Inventory
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CY2022 us-gaap Increase Decrease In Other Current Assets
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CY2021 us-gaap Increase Decrease In Other Current Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable
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5633381 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
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2032255 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2022 fuv Increases Decrease In Customer Deposits
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CY2021 fuv Increases Decrease In Customer Deposits
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 fuv Increase Decrease In Warranty Reserve
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CY2021 fuv Increase Decrease In Warranty Reserve
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Other Deferred Liability
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CY2021 us-gaap Increase Decrease In Other Deferred Liability
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101550 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 fuv Payments To Acquire Security Deposit
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CY2021 fuv Payments To Acquire Security Deposit
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Payments Of Stock Issuance Costs
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CY2021 us-gaap Payments Of Stock Issuance Costs
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CY2022 us-gaap Proceeds From Warrant Exercises
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20000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
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CY2022 us-gaap Proceeds From Stock Options Exercised
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91095 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
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1706796 usd
CY2022 fuv Proceeds From Equipment Notes
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177256 usd
CY2021 fuv Proceeds From Equipment Notes
ProceedsFromEquipmentNotes
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CY2022 us-gaap Proceeds From Convertible Debt
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13900000 usd
CY2021 us-gaap Proceeds From Convertible Debt
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CY2022 us-gaap Payments Of Debt Issuance Costs
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801030 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Finance Lease Principal Payments
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440722 usd
CY2021 us-gaap Finance Lease Principal Payments
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CY2022 fuv Payment On Equipment Notes
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CY2021 fuv Payment On Equipment Notes
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CY2022 us-gaap Repayments Of Notes Payable
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2039367 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
282164 usd
CY2022 us-gaap Repayments Of Convertible Debt
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702785 usd
CY2021 us-gaap Repayments Of Convertible Debt
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CY2022 fuv Payments Of Deferred Offering Costs
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CY2021 fuv Payments Of Deferred Offering Costs
PaymentsOfDeferredOfferingCosts
24000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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39077552 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-16508567 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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16971320 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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16971320 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
230897 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
3974 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
4793 usd
CY2022 fuv Notes Payable Issued For Purchase Of Property Plant And Equipment
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0 usd
CY2021 fuv Notes Payable Issued For Purchase Of Property Plant And Equipment
NotesPayableIssuedForPurchaseOfPropertyPlantAndEquipment
1250000 usd
CY2022 fuv Insurance Finance Agreement
InsuranceFinanceAgreement
0 usd
CY2021 fuv Insurance Finance Agreement
InsuranceFinanceAgreement
592603 usd
CY2022 fuv Portion Of Equipment Acquired Through Finance Leases
PortionOfEquipmentAcquiredThroughFinanceLeases
675928 usd
CY2021 fuv Portion Of Equipment Acquired Through Finance Leases
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668962 usd
CY2022 us-gaap Nature Of Operations
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><a href="#" id="notes" title="notes"/>NOTE <em style="font: inherit;">1:</em> NATURE OF OPERATIONS </b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Arcimoto, Inc. (the “Company”) was incorporated in the State of Oregon on <em style="font: inherit;"> November 21, 2007. </em>The Company’s mission is to catalyze the global shift to a sustainable transportation system. Over the past <em style="font: inherit;">16</em> years, the Company has developed a new vehicle platform designed around the needs of everyday drivers. Having approximately <em style="font: inherit;">one</em>-<em style="font: inherit;">third</em> the weight and <em style="font: inherit;">one</em>-<em style="font: inherit;">third</em> 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 <em style="font: inherit;">two</em> 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>
CY2022 us-gaap Use Of Estimates
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Use of Estimates</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">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 disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
262643 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
127860 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2500 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11491555 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
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7089033 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
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0 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
70243 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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832462 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
696829 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
12324017 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
7856105 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1280000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
826000 usd
CY2022 fuv Labor And Overhead Expense
LaborAndOverheadExpense
14110000 usd
CY2021 fuv Labor And Overhead Expense
LaborAndOverheadExpense
10755000 usd
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
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0 usd
CY2022Q4 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
0.50 pure
CY2022 us-gaap Tangible Asset Impairment Charges
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0 usd
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 usd
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
24000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
987227 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
1131781 usd
CY2022 us-gaap Guarantees Indemnifications And Warranties Policies
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Warranties</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company began recording warranty reserves with the commencement of Retail Series production of the FUV. The Company provides a warranty on vehicle and production powertrain components as well as battery packs, and the Company accrues warranty reserves at the time a vehicle or production powertrain component is delivered to the customer. Warranty reserves include management’s best estimate of the projected cost to repair or to replace any items under warranty, based on actual warranty experience as it becomes available and other known factors that <em style="font: inherit;"> may </em>impact the Company’s evaluation of historical data. The Company will review its reserves at least quarterly to ensure that its accruals are adequate in meeting expected future warranty obligations, and the Company will adjust its estimates as needed. Warranty expense is recorded as a component of cost of goods sold in the Statements of Operations. The portion of the warranty provision which is expected to be incurred within <em style="font: inherit;">12</em> months from the balance sheet date is classified as current, while the remaining amount is classified as long-term liabilities.</p>
CY2022 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><span style="text-decoration: underline; ">Deferred Revenue</span></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Deferred revenues represent cash collected in advance of the revenues being earned for deliverables to FUV customers, distributor licensing arrangements and franchise fees.</p>
CY2022 us-gaap Advertising Expense
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287000 usd
CY2021 us-gaap Advertising Expense
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337000 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
129753
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
119080
CY2022Q4 us-gaap Property Plant And Equipment Gross
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35719877 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27985214 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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5897083 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3646307 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29822794 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24338907 usd
CY2022 us-gaap Depreciation
Depreciation
2925000 usd
CY2021 us-gaap Depreciation
Depreciation
1594000 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
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
0 usd
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
10648000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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-762320 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9885680 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
844402 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
762000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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844402 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
844402 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
844402 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
844402 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
844402 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4823280 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9045290 usd
CY2021Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6824000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
0 usd
CY2020Q4 us-gaap Goodwill
Goodwill
0 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6824209 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6824209 usd
CY2021Q4 us-gaap Goodwill
Goodwill
0 usd
CY2022Q1 fuv Customer Deposit Per Order
CustomerDepositPerOrder
2500 usd
CY2022Q2 fuv Customer Deposit Per Order
CustomerDepositPerOrder
500 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
742945 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
148660 usd
CY2022 us-gaap Lease Cost
LeaseCost
891605 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
839000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1336826 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
666542 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
744142 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1410684 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.087 pure
CY2022 us-gaap Operating Lease Payments
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751941 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
745288 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
500457 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
230858 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
58433 usd
CY2022Q4 fuv Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1535036 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
124352 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1410684 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2530000 usd
CY2022Q4 fuv Lessee Finance Lease Monthly Payments
LesseeFinanceLeaseMonthlyPayments
52000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1300011 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1065000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
441523 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
858488 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1300011 usd
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M14D
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0553 pure
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
65094 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
440722 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
209912 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
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CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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499426 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
352609 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
352609 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
216507 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1421151 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
121140 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1300011 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
388940 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
348850 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
347294 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
187988 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
74118 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4101 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
1351291 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2022Q4 fuv Mandatory Conversion Threshold
MandatoryConversionThreshold
15000000 usd
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2202
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
26133
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
91095 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1706796 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6184274 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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LitigationSettlementExpense
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CY2022 us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
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1100000 usd
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3974 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4793 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3974 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
4793 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2236080 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-702768 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-2938848 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3974 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2934055 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
500320 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
324985 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
346706 usd
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
225615 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
37397520 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27145356 usd
CY2022Q4 fuv Deferred Tax Assets Federal Research And Development Credit
DeferredTaxAssetsFederalResearchAndDevelopmentCredit
1707395 usd
CY2021Q4 fuv Deferred Tax Assets Federal Research And Development Credit
DeferredTaxAssetsFederalResearchAndDevelopmentCredit
646971 usd
CY2022Q4 fuv Deferred Tax Assets State Research And Development Costs
DeferredTaxAssetsStateResearchAndDevelopmentCosts
0 usd
CY2021Q4 fuv Deferred Tax Assets State Research And Development Costs
DeferredTaxAssetsStateResearchAndDevelopmentCosts
46663 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
342768 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
302129 usd
CY2022Q4 fuv Deferred Tax Assets Capitalized Research And Development
DeferredTaxAssetsCapitalizedResearchAndDevelopment
4140845 usd
CY2021Q4 fuv Deferred Tax Assets Capitalized Research And Development
DeferredTaxAssetsCapitalizedResearchAndDevelopment
0 usd
CY2022Q4 fuv Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
3069832 usd
CY2021Q4 fuv Deferred Tax Liabilities Depreciation And Amortization
DeferredTaxLiabilitiesDepreciationAndAmortization
3144318 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
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41365722 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
25547401 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
41365722 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
25547401 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
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0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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0 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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-0.028 pure
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0.008 pure
CY2022 fuv Effective Income Tax Rate Reconciliation Paycheck Protection Program Forgiveness
EffectiveIncomeTaxRateReconciliationPaycheckProtectionProgramForgiveness
0 pure
CY2021 fuv Effective Income Tax Rate Reconciliation Paycheck Protection Program Forgiveness
EffectiveIncomeTaxRateReconciliationPaycheckProtectionProgramForgiveness
0.005 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.018 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.017 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.252 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.059 pure
CY2022Q4 us-gaap Operating Loss Carryforwards
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138200000 usd
CY2022Q4 fuv Operating Loss Carryforwards Subject To Expiration
OperatingLossCarryforwardsSubjectToExpiration
10700000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6557526 usd
CY2022 us-gaap Operating Income Loss
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CY2022 us-gaap Fair Value Liabilities Measured On Recurring Basis Debt Instrument Valuation Techniques Change In Technique Quantification Of Effect
FairValueLiabilitiesMeasuredOnRecurringBasisDebtInstrumentValuationTechniquesChangeInTechniqueQuantificationOfEffect
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CY2022 us-gaap Interest Expense
InterestExpense
1083365 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3974 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4386222 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-51641570 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1078482 usd
CY2021 us-gaap Interest Expense
InterestExpense
216473 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
281755 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2934055 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
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