$NRDE
Nu Ride Inc

2020 Form 10-K Financial Statement

#000155837021003449 Filed on March 25, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $28.79M $4.430M
YoY Change 535.54%
% of Gross Profit
Research & Development $70.97M $5.610M
YoY Change 1111.04%
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit
Operating Expenses $102.3M $10.04M
YoY Change 884.44%
Operating Profit -$102.3M
YoY Change
Interest Expense $703.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$20.87M $10.00K
YoY Change
Pretax Income -$124.1M -$10.02M
YoY Change 1093.94%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$124.1M -$10.02M
YoY Change 1093.94%
Net Earnings / Revenue
Basic Earnings Per Share -$1.28
Diluted Earnings Per Share -$1.28 -$60.75K
COMMON SHARES
Basic Shares Outstanding 96.72M
Diluted Shares Outstanding 96.72M

Balance Sheet

Concept 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $629.8M
YoY Change 28527.27%
Cash & Equivalents $629.8M $2.159M
Short-Term Investments
Other Short-Term Assets $24.70M
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $654.4M $2.159M
YoY Change 29645.45%
LONG-TERM ASSETS
Property, Plant & Equipment $101.7M $20.28M
YoY Change 400.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $112.8M $31.39M
YoY Change 260.38%
TOTAL ASSETS
Total Short-Term Assets $654.4M $2.159M
Total Long-Term Assets $112.8M $31.39M
Total Assets $767.2M $33.55M
YoY Change 2190.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.50M $1.802M
YoY Change 1705.56%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $34.10M $24.99M
YoY Change 36.4%
LONG-TERM LIABILITIES
Long-Term Debt $1.000M
YoY Change
Other Long-Term Liabilities $101.4M
YoY Change
Total Long-Term Liabilities $1.000M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $34.10M $24.99M
Total Long-Term Liabilities $1.000M
Total Liabilities $35.10M $24.99M
YoY Change 40.4%
SHAREHOLDERS EQUITY
Retained Earnings -$10.39M
YoY Change
Common Stock $7.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $732.1M $8.556M
YoY Change
Total Liabilities & Shareholders Equity $767.2M $33.55M
YoY Change 2190.15%

Cashflow Statement

Concept 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$124.1M -$10.02M
YoY Change 1093.94%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$99.60M
YoY Change 1815.31%
INVESTING ACTIVITIES
Capital Expenditures $52.65M
YoY Change -40596.15%
Acquisitions
YoY Change
Other Investing Activities $2.400M
YoY Change
Cash From Investing Activities -$50.25M
YoY Change 38553.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.439M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 777.4M
YoY Change 10279.8%
NET CHANGE
Cash From Operating Activities -99.60M
Cash From Investing Activities -50.25M
Cash From Financing Activities 777.4M
Net Change In Cash 627.6M
YoY Change 28955.65%
FREE CASH FLOW
Cash From Operating Activities -$99.60M
Capital Expenditures $52.65M
Free Cash Flow -$152.2M
YoY Change 2902.78%

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CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
4400000
CY2020Q4 ride Shares Authorized Common And Preferred
SharesAuthorizedCommonAndPreferred
312000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
12000000
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
168000000.0
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
68300000
CY2020 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
96716000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
68279000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-21117000
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2182000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
192000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.002
us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
21000
us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.002
CY2020 ride Income Tax Reconciliation Permanent Differences And Credits
IncomeTaxReconciliationPermanentDifferencesAndCredits
32000
ride Income Tax Reconciliation Permanent Differences And Credits
IncomeTaxReconciliationPermanentDifferencesAndCredits
1000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
20893000
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.208
us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2160000
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.208
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5686000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
436000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
50000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
22617000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2110000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
23053000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2160000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23053000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2160000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
892000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
919000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
942000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
956000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
974000
CY2020Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1003000

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