2023 Q3 Form 10-Q Financial Statement

#000121465923014792 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q4 2022 Q3
Revenue $117.0K $0.00 $0.00
YoY Change
Cost Of Revenue $1.014M
YoY Change
Gross Profit -$897.0K
YoY Change
Gross Profit Margin -766.67%
Selling, General & Admin $9.440M $8.157M $15.54M
YoY Change -39.24% -93.82%
% of Gross Profit
Research & Development $2.241M $7.112M $670.0K
YoY Change 234.48% 329.63% 49.89%
% of Gross Profit
Depreciation & Amortization $160.0K $155.0K $77.00K
YoY Change 107.79% 91.26% 1440.0%
% of Gross Profit
Operating Expenses $11.84M $15.27M $16.21M
YoY Change -26.92% -88.58% -80.87%
Operating Profit -$12.74M -$16.21M
YoY Change -21.38% -80.87%
Interest Expense $33.00K -$2.287M -$5.000K
YoY Change -760.0%
% of Operating Profit
Other Income/Expense, Net $1.790M $1.000K $58.00K
YoY Change 2986.21% -101.84% -33.33%
Pretax Income -$10.95M -$17.56M -$16.15M
YoY Change -32.19% -86.87%
Income Tax
% Of Pretax Income
Net Earnings -$10.95M -$17.56M -$16.15M
YoY Change -32.18% -86.87% -80.92%
Net Earnings / Revenue -9359.83%
Basic Earnings Per Share -$0.22 $2.06
Diluted Earnings Per Share -$0.22 -$1.80 -$410.7K
COMMON SHARES
Basic Shares Outstanding 49.10M shares 7.849M shares
Diluted Shares Outstanding 49.10M shares 7.849M shares

Balance Sheet

Concept 2023 Q3 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.030M $2.701M $1.414M
YoY Change 43.56%
Cash & Equivalents $2.028M $2.701M $1.414M
Short-Term Investments
Other Short-Term Assets $630.0K $966.0K $216.0K
YoY Change 191.67%
Inventory $0.00 $98.00K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.653M $3.667M $1.662M
YoY Change 59.63% 6.7%
LONG-TERM ASSETS
Property, Plant & Equipment $3.141M $2.441M $1.724M
YoY Change 82.19% 149.07%
Goodwill
YoY Change
Intangibles $10.00K $10.00K
YoY Change -9.7%
Long-Term Investments $122.0K $391.0K
YoY Change
Other Assets $680.0K $122.0K $390.0K
YoY Change 74.36%
Total Long-Term Assets $5.539M $3.371M $3.069M
YoY Change 80.48% 186.29%
TOTAL ASSETS
Total Short-Term Assets $2.653M $3.667M $1.662M
Total Long-Term Assets $5.539M $3.371M $3.069M
Total Assets $8.192M $7.038M $4.731M
YoY Change 73.16% 52.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.650M $1.523M $1.368M
YoY Change 166.81% 2211.01%
Accrued Expenses $870.0K $1.686M $595.0K
YoY Change 46.22% 911.49%
Deferred Revenue $410.0K $523.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $157.0K
YoY Change
Total Short-Term Liabilities $5.330M $4.243M $3.094M
YoY Change 72.27% 498.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.450M $10.91M $0.00
YoY Change
Other Long-Term Liabilities $300.0K $932.0K $692.0K
YoY Change -56.65%
Total Long-Term Liabilities $300.0K $11.84M $692.0K
YoY Change -56.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.330M $4.243M $3.094M
Total Long-Term Liabilities $300.0K $11.84M $692.0K
Total Liabilities $12.45M $16.09M $3.786M
YoY Change 228.9% 1879.41%
SHAREHOLDERS EQUITY
Retained Earnings -$256.6M -$218.6M -$201.1M
YoY Change 27.62% 47.78%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.260M -$9.048M $945.0K
YoY Change
Total Liabilities & Shareholders Equity $8.192M $7.038M $4.731M
YoY Change 73.16% 52.53%

Cashflow Statement

Concept 2023 Q3 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$10.95M -$17.56M -$16.15M
YoY Change -32.18% -86.87% -80.92%
Depreciation, Depletion And Amortization $160.0K $155.0K $77.00K
YoY Change 107.79% 91.26% 1440.0%
Cash From Operating Activities -$4.740M -$7.609M -$4.510M
YoY Change 5.09% 17.81%
INVESTING ACTIVITIES
Capital Expenditures $1.190M $393.0K -$1.335M
YoY Change -189.16% -143.15%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $230.0K
YoY Change -100.0% -100.0%
Cash From Investing Activities -$1.190M -$393.0K -$1.105M
YoY Change 7.73% -58.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.900M 9.289M 6.391M
YoY Change -23.33% -6.19%
NET CHANGE
Cash From Operating Activities -4.740M -7.609M -4.510M
Cash From Investing Activities -1.190M -393.0K -1.105M
Cash From Financing Activities 4.900M 9.289M 6.391M
Net Change In Cash -1.030M 1.287M 776.1K
YoY Change -232.71% -48.36%
FREE CASH FLOW
Cash From Operating Activities -$4.740M -$7.609M -$4.510M
Capital Expenditures $1.190M $393.0K -$1.335M
Free Cash Flow -$5.930M -$8.002M -$3.176M
YoY Change 86.73% 44.24%

Facts In Submission

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us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
16172000 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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NXU Exercise Of Series And B Warrants
ExerciseOfSeriesAndBWarrants
3420000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
547000 usd
NXU Conversion Of Long Term Debt
ConversionOfLongTermDebt
16346000 usd
us-gaap Net Income Loss
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
540000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6390000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3802000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15272000 usd
NXU Shares Issued For Services And Rent Guarantees
SharesIssuedForServicesAndRentGuarantees
10000 usd
NXU Class B Stock Issued
ClassBStockIssued
1000 usd
NXU Exchange Of Class C To Class Stock
ExchangeOfClassCToClassStock
572000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
34414000 usd
us-gaap Net Income Loss
NetIncomeLoss
-53126000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
945000 usd
us-gaap Profit Loss
ProfitLoss
-37972000 usd
us-gaap Profit Loss
ProfitLoss
-53126000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
465000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
193000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
16306000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
34370000 usd
NXU Share Based Goods And Nonemployee Services Transaction Modification Of Terms Incre
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncre
106000 usd
NXU Share Based Goods And Nonemployee Services Transaction Modification Of Terms Incre
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncre
627000 usd
NXU Noncash Warrant Expense
NoncashWarrantExpense
984000 usd
NXU Paycheck Protection Loan Program
PaycheckProtectionLoanProgram
397000 usd
NXU Net Change In Operating Lease Assets And Liabilities
NetChangeInOperatingLeaseAssetsAndLiabilities
-22000 usd
NXU Net Change In Operating Lease Assets And Liabilities
NetChangeInOperatingLeaseAssetsAndLiabilities
-16000 usd
us-gaap Inventory Write Down
InventoryWriteDown
896000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
30000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-152000 usd
NXU Gain On Fair Value Of Convertible Debt And Warrant Liability
GainOnFairValueOfConvertibleDebtAndWarrantLiability
4007000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-243000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-42000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
797000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
558000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
205000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
500000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1798000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-117000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
721000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-23703000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-15841000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1571000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1394000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
559000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
230000 usd
NXU Payments On Financing Lease Liability
PaymentsOnFinancingLeaseLiability
77000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1089000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1164000 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
18595000 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
15273000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
7330000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
2353000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
547000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24119000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15273000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-673000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1732000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2701000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3146000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2028000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1414000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000 usd
us-gaap Interest Paid Net
InterestPaidNet
1000 usd
NXU Debt Converted To Equity
DebtConvertedToEquity
16464000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
196000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
193000 usd
NXU Stockbased Compensation Expense Capitalized To Property And Equipment
StockbasedCompensationExpenseCapitalizedToPropertyAndEquipment
172000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
38000000.0 usd
CY2023Q3 us-gaap Cash
Cash
2000000.0 usd
CY2023Q3 us-gaap Retained Earnings Appropriated
RetainedEarningsAppropriated
256600000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84C_eus-gaap--UseOfEstimates_z86Fcf2mafhg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i><span id="xdx_861_zNuPMpvELDMb">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Due to uncertainties, actual results could differ from the estimates and assumptions used in preparation of the condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>
CY2023Q3 NXU Capitalizes Property And Equipment
CapitalizesPropertyAndEquipment
2500 usd
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
900000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
117000 usd
CY2023Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
410000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
520000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
98000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
0 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
98000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
0 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3742000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2799000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
662000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
358000 usd
CY2023Q3 NXU Property And Equipment Excluding Construction In Progress Net
PropertyAndEquipmentExcludingConstructionInProgressNet
3080000 usd
CY2022Q4 NXU Property And Equipment Excluding Construction In Progress Net
PropertyAndEquipmentExcludingConstructionInProgressNet
2441000 usd
CY2023Q3 NXU Charging Station Equipment Construction In Progress
ChargingStationEquipmentConstructionInProgress
61000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3141000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2441000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
160000 usd
us-gaap Depreciation
Depreciation
460000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
80000.00 usd
us-gaap Depreciation
Depreciation
250000 usd
CY2023Q3 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
372000 usd
CY2023Q3 us-gaap Prepaid Insurance
PrepaidInsurance
54000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
765000 usd
CY2022Q4 us-gaap Prepaid Rent
PrepaidRent
3000 usd
CY2023Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
199000 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
100000 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
625000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
868000 usd
CY2023Q3 us-gaap Security Deposit
SecurityDeposit
680000 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
101000 usd
CY2022Q4 us-gaap Deposits Assets
DepositsAssets
21000 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
680000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
122000 usd
CY2023Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
2838000 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1523000 usd
CY2023Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
466000 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
234000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
349000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1462000 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
3653000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
3219000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
16500000 usd
CY2022 NXU Operating Loss Carryforwards Expiration Date1
OperatingLossCarryforwardsExpirationDate1
2037
CY2017 NXU Corporate Tax Rate
CorporateTaxRate
0.21 pure
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60200000 usd
CY2023Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2022Q3 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-10951000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-16148000 usd
us-gaap Net Income Loss
NetIncomeLoss
-37972000 usd
us-gaap Net Income Loss
NetIncomeLoss
-53126000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49101347 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49101347 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7848640 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7848640 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34875703 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34875703 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7363248 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7363248 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.06
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.22
us-gaap Debt Instrument Term
DebtInstrumentTerm
P5Y
CY2023Q3 us-gaap Liabilities Subject To Compromise Early Contract Termination Fees
LiabilitiesSubjectToCompromiseEarlyContractTerminationFees
700000 usd
NXU Legal Liability Payment Term
LegalLiabilityPaymentTerm
P21M
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
4861000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
10163000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
16478000 usd
us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
34370000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-172000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
-172000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
4689000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
10163000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
16306000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
34370000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
18600000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
350000000 shares
CY2023Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
250000000 shares
CY2023Q3 NXU Common Stock Relating To Portion Of Outstanding Stock Options And Restricted Stock
CommonStockRelatingToPortionOfOutstandingStockOptionsAndRestrictedStock
100000000 shares
us-gaap Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
Company has authority to issue is 5.0 billion shares, consisting of (1) 5.0 billion authorized shares of common stock, including (a) 4.0 billion authorized shares of Class A Common Stock, (b) 1.0 billion authorized shares of Class B common stock and (2) 10.0 million authorized shares of preferred stock, par value $0.0001 per share. 
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
10911000 usd
NXU Convertible Debt Issued During Period
ConvertibleDebtIssuedDuringPeriod
7330000 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
16344000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
2353000 usd
NXU Change In Fair Value Measurement
ChangeInFairValueMeasurement
1902000 usd
CY2023Q3 us-gaap Convertible Debt
ConvertibleDebt
1446000 usd
CY2022Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
374000 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
13410000 usd
NXU Warrants Exercised During Period
WarrantsExercisedDuringPeriod
-3420000 usd
NXU Unrealized Loss Warrant Liability
UnrealizedLossWarrantLiability
-5909000 usd
CY2023Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
4455000 usd
CY2023Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
5901000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
11285000 usd
CY2023Q3 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
1446000 usd
CY2022Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
10911000 usd
CY2023Q3 NXU Convertible Notes Contractual Principal Outstanding
ConvertibleNotesContractualPrincipalOutstanding
1303000 usd
CY2022Q4 NXU Convertible Notes Contractual Principal Outstanding
ConvertibleNotesContractualPrincipalOutstanding
10000000 usd
CY2023Q3 NXU Fair Value Less Unpaid Principal Balance
FairValueLessUnpaidPrincipalBalance
143000 usd
CY2022Q4 NXU Fair Value Less Unpaid Principal Balance
FairValueLessUnpaidPrincipalBalance
911000 usd

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