2023 Q4 Form 10-K Financial Statement
#000121465924005647 Filed on April 01, 2024
Income Statement
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
Revenue | $379.0K | $496.0K | |
YoY Change | |||
Cost Of Revenue | $15.00K | $1.029M | |
YoY Change | |||
Gross Profit | $364.0K | -$533.0K | |
YoY Change | |||
Gross Profit Margin | 96.04% | -107.46% | |
Selling, General & Admin | $6.160M | $35.49M | $59.13M |
YoY Change | -24.48% | -39.98% | -55.18% |
% of Gross Profit | 1692.31% | ||
Research & Development | $620.0K | $11.31M | $9.648M |
YoY Change | -91.28% | 17.23% | 482.83% |
% of Gross Profit | 170.33% | ||
Depreciation & Amortization | $219.0K | $689.0K | $348.0K |
YoY Change | 41.29% | 97.99% | 290.79% |
% of Gross Profit | 60.16% | ||
Operating Expenses | $6.780M | $46.87M | $68.80M |
YoY Change | -55.6% | -31.88% | -48.53% |
Operating Profit | -$6.416M | -$47.40M | -$68.80M |
YoY Change | -31.1% | -48.53% | |
Interest Expense | $4.258M | $73.00K | -$3.884M |
YoY Change | -286.18% | -101.88% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$36.00K | $7.223M | -$1.881M |
YoY Change | -3700.0% | -484.0% | 3353.91% |
Pretax Income | -$2.206M | -$40.18M | -$70.68M |
YoY Change | -87.43% | -43.16% | -47.15% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$2.206M | -$40.18M | -$70.68M |
YoY Change | -87.43% | -43.16% | -47.15% |
Net Earnings / Revenue | -582.06% | -8100.4% | |
Basic Earnings Per Share | -$72.16 | $8.88 | |
Diluted Earnings Per Share | -$1.44 | -$72.16 | -$8.88 |
COMMON SHARES | |||
Basic Shares Outstanding | 556.8K shares | 7.961M shares | |
Diluted Shares Outstanding | 556.8K shares | 53.07K shares |
Balance Sheet
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.846M | $2.701M | |
YoY Change | 5.37% | -14.15% | |
Cash & Equivalents | $2.846M | $2.701M | |
Short-Term Investments | |||
Other Short-Term Assets | $999.0K | $966.0K | |
YoY Change | 3.42% | 232.79% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $250.0K | ||
Other Receivables | $0.00 | ||
Total Short-Term Assets | $4.095M | $3.667M | |
YoY Change | 11.67% | 6.7% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.865M | $3.239M | |
YoY Change | 58.34% | 230.5% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $3.000M | $122.0K | |
YoY Change | 2359.02% | -34.55% | |
Other Assets | $772.0K | $120.0K | |
YoY Change | 532.79% | -36.84% | |
Total Long-Term Assets | $9.164M | $3.371M | |
YoY Change | 171.85% | 186.29% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $4.095M | $3.667M | |
Total Long-Term Assets | $9.164M | $3.371M | |
Total Assets | $13.26M | $7.038M | |
YoY Change | 88.39% | 52.53% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.371M | $1.523M | |
YoY Change | 121.34% | 2211.08% | |
Accrued Expenses | $864.0K | $2.040M | |
YoY Change | -48.75% | 813.12% | |
Deferred Revenue | $0.00 | ||
YoY Change | -100.0% | ||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Long-Term Debt Due | $157.0K | ||
YoY Change | |||
Total Short-Term Liabilities | $5.609M | $4.243M | |
YoY Change | 32.19% | 498.41% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $65.00K | $10.91M | |
YoY Change | -99.4% | ||
Other Long-Term Liabilities | $233.0K | $932.0K | |
YoY Change | -75.0% | 799.35% | |
Total Long-Term Liabilities | $233.0K | $11.84M | |
YoY Change | -98.03% | 11328.16% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.609M | $4.243M | |
Total Long-Term Liabilities | $233.0K | $11.84M | |
Total Liabilities | $6.595M | $16.09M | |
YoY Change | -59.0% | 1879.4% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$259.6M | ||
YoY Change | 18.76% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $6.664M | -$9.048M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $13.26M | $7.038M | |
YoY Change | 88.39% | 52.53% |
Cashflow Statement
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.206M | -$40.18M | -$70.68M |
YoY Change | -87.43% | -43.16% | -47.15% |
Depreciation, Depletion And Amortization | $219.0K | $689.0K | $348.0K |
YoY Change | 41.29% | 97.99% | 290.79% |
Cash From Operating Activities | -$4.291M | -$27.99M | -$23.45M |
YoY Change | -43.61% | 19.36% | 110.36% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $659.0K | $2.217M | $1.787M |
YoY Change | 67.68% | 24.06% | -273.44% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $79.00K | $559.0K | $230.0K |
YoY Change | 143.04% | -669.31% | |
Cash From Investing Activities | -$580.0K | -$1.670M | -$1.557M |
YoY Change | 47.58% | 7.26% | 45.41% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $15.30M | ||
YoY Change | 2.53% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 5.686M | $29.81M | $24.56M |
YoY Change | -38.79% | 21.35% | 60.31% |
NET CHANGE | |||
Cash From Operating Activities | -4.291M | -$27.99M | -$23.45M |
Cash From Investing Activities | -580.0K | -$1.670M | -$1.557M |
Cash From Financing Activities | 5.686M | $29.81M | $24.56M |
Net Change In Cash | 815.0K | $145.0K | -$445.0K |
YoY Change | -36.67% | -132.58% | -114.34% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.291M | -$27.99M | -$23.45M |
Capital Expenditures | $659.0K | $2.217M | $1.787M |
Free Cash Flow | -$4.950M | -$30.21M | -$25.24M |
YoY Change | -38.14% | 19.7% | 149.44% |
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InterestExpense
|
7000 | usd |
CY2022 | NXU |
Paycheck Protection Program Forgiveness
PaycheckProtectionProgramForgiveness
|
397000 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
18000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-152000 | usd |
CY2023 | us-gaap |
Other Expenses
OtherExpenses
|
1020000 | usd |
CY2023 | NXU |
Gain On Convertible Debt And Warrant Liability
GainOnConvertibleDebtAndWarrantLiability
|
8265000 | usd |
CY2022 | NXU |
Gain On Convertible Debt And Warrant Liability
GainOnConvertibleDebtAndWarrantLiability
|
-2285000 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
33000 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
166000 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
7223000 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1881000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-40178000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-71525000 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-72.16 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-72.16 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1347.65 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1347.65 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
556826 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
53074 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3802000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
15302000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
42452000 | usd |
CY2022 | NXU |
Shares Issued For Services And Rent Guarantees
SharesIssuedForServicesAndRentGuarantees
|
89000 | usd |
CY2022 | NXU |
Exchange Of Class C To Class A
ExchangeOfClassCToClassA
|
572000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
260000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-71525000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-9048000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8784000 | usd |
CY2023 | NXU |
Common Stock Issued For Cash Under Atm
CommonStockIssuedForCashUnderAtm
|
3277000 | usd |
CY2023 | NXU |
Issuance Of Series Convertible Preferred Stock
IssuanceOfSeriesConvertiblePreferredStock
|
3000000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
18844000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
106000 | usd |
CY2023 | NXU |
Forfeitures Of Restricted Stock And Restricted Stock Surrendered In Lieu Of Withholding Taxes
ForfeituresOfRestrictedStockAndRestrictedStockSurrenderedInLieuOfWithholdingTaxes
|
-32000 | usd |
CY2023 | NXU |
Exercise Of Warrants
ExerciseOfWarrants
|
3519000 | usd |
CY2023 | NXU |
Warrant Modification From Liability To Equity
WarrantModificationFromLiabilityToEquity
|
222000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
547000 | usd |
CY2023 | NXU |
Conversion Of Long Term Debt
ConversionOfLongTermDebt
|
17623000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-40178000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-40178000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-71525000 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
689000 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
348000 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
19710000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
42346000 | usd |
CY2023 | NXU |
Share Based Goods And Nonemployee Services Transaction Modification Of Terms Incre
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncre
|
106000 | usd |
CY2022 | NXU |
Share Based Goods And Nonemployee Services Transaction Modification Of Terms Incre
ShareBasedGoodsAndNonemployeeServicesTransactionModificationOfTermsIncre
|
768000 | usd |
CY2023 | NXU |
Noncash Warrant Expense
NoncashWarrantExpense
|
1020000 | usd |
CY2022 | NXU |
Paycheck Protection Loan Program
PaycheckProtectionLoanProgram
|
397000 | usd |
CY2023 | NXU |
Net Change In Operating Lease Assets And Liabilities
NetChangeInOperatingLeaseAssetsAndLiabilities
|
-59000 | usd |
CY2022 | NXU |
Net Change In Operating Lease Assets And Liabilities
NetChangeInOperatingLeaseAssetsAndLiabilities
|
-22000 | usd |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
896000 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
18000 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-152000 | usd |
CY2023 | NXU |
Gain On Fair Value Of Convertible Debt And Warrant Liability
GainOnFairValueOfConvertibleDebtAndWarrantLiability
|
8265000 | usd |
CY2022 | NXU |
Gain On Fair Value Of Convertible Debt And Warrant Liability
GainOnFairValueOfConvertibleDebtAndWarrantLiability
|
-2285000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
130000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
578000 | usd |
CY2023 | us-gaap |
Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
|
250000 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
784000 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
98000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
650000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-64000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
212000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
2731000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-523000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
476000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
233000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-27991000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-23450000 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2217000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1787000 | usd |
CY2023 | NXU |
Capitalized Patent Costs
CapitalizedPatentCosts
|
12000 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
559000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
230000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1670000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1557000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
21209000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
15302000 | usd |
CY2023 | NXU |
Proceeds From Atm Net Of Offering Costs
ProceedsFromAtmNetOfOfferingCosts
|
3277000 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
7330000 | usd |
CY2022 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
9000000 | usd |
CY2023 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
2367000 | usd |
CY2023 | NXU |
Payments On Financing Lease Liabilities
PaymentsOnFinancingLeaseLiabilities
|
158000 | usd |
CY2023 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
547000 | usd |
CY2022 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
260000 | usd |
CY2023 | NXU |
Tax Withholdings Related To Restricted Stock Units And Awards
TaxWithholdingsRelatedToRestrictedStockUnitsAndAwards
|
-32000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
29806000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24562000 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
145000 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-445000 | 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 |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2846000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2701000 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1000 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
6000 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7000 | usd |
CY2023 | NXU |
Debt Converted To Equity
DebtConvertedToEquity
|
18063000 | usd |
CY2023 | NXU |
Issuance Of Series Convertible Preferred Stock For Investment In Lynx
IssuanceOfSeriesConvertiblePreferredStockForInvestmentInLynx
|
3000000 | usd |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
1263000 | usd |
CY2023 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
204000 | usd |
CY2022 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
232000 | usd |
CY2023 | NXU |
Stockbased Compensation Expense Capitalized To Property And Equipment
StockbasedCompensationExpenseCapitalizedToPropertyAndEquipment
|
490000 | usd |
CY2022 | NXU |
Incremental Expense On Class C To Class Stock Exchange
IncrementalExpenseOnClassCToClassStockExchange
|
572000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-150 reverse stock split | |
CY2022 | NXU |
Increase In Research And Development Costs
IncreaseInResearchAndDevelopmentCosts
|
800000 | usd |
CY2022 | NXU |
Increase In Stock Based Compensation Expense
IncreaseInStockBasedCompensationExpense
|
800000 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
40200000 | usd |
CY2023 | NXU |
Net Cash Flows Used In Operating Activities
NetCashFlowsUsedInOperatingActivities
|
28000000.0 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
2800000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Appropriated
RetainedEarningsAppropriated
|
259600000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
9000000.0 | usd |
CY2023 | NXU |
Proceeds From Atthemarket Equity Offering
ProceedsFromAtthemarketEquityOffering
|
3300000 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_845_eus-gaap--UseOfEstimates_zzCEDaKMSNO5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><span id="xdx_862_znFnof9J1nfl">Use of Estimates</span></i></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">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Due to uncertainties, actual results could differ from the estimates and assumptions used in preparation of the consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2023 | NXU |
Sale Value Of Inventory
SaleValueOfInventory
|
0 | usd |
CY2023 | NXU |
Inventory Writeoff
InventoryWriteoff
|
900000 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
500000 | usd |
CY2023 | NXU |
Advertising Costs
AdvertisingCosts
|
300000 | usd |
CY2022 | NXU |
Advertising Costs
AdvertisingCosts
|
5300000 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
496000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
500000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4763000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2799000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
898000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
358000 | usd |
CY2023Q4 | NXU |
Property And Equipment Excluding Construction In Progress Net
PropertyAndEquipmentExcludingConstructionInProgressNet
|
3865000 | usd |
CY2022Q4 | NXU |
Property And Equipment Excluding Construction In Progress Net
PropertyAndEquipmentExcludingConstructionInProgressNet
|
2441000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3865000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2441000 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
600000 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
300000 | usd |
CY2023 | us-gaap |
Capitalized Computer Software Period Increase Decrease
CapitalizedComputerSoftwarePeriodIncreaseDecrease
|
900000 | usd |
CY2023Q4 | us-gaap |
Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
|
372000 | usd |
CY2023Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
302000 | usd |
CY2022Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
765000 | usd |
CY2023Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
98000 | usd |
CY2022Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
3000 | usd |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
102000 | usd |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
125000 | usd |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
100000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
999000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
868000 | usd |
CY2023Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
772000 | usd |
CY2022Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
101000 | usd |
CY2022Q4 | us-gaap |
Deposits Assets
DepositsAssets
|
21000 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
772000 | usd |
CY2022Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
122000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
2501000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
1523000 | usd |
CY2023Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
153000 | usd |
CY2022Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
234000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
717000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1462000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3371000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3219000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
60537000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
51919000 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
60537000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
51919000 | usd |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
54300000 | usd |
CY2022 | NXU |
Operating Loss Carryforwards Expiration Date1
OperatingLossCarryforwardsExpirationDate1
|
2037 | |
CY2017 | NXU |
Corporate Tax Rate
CorporateTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.21 | pure |
CY2023Q4 | us-gaap |
Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
|
0 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
71525000 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
556826 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
556826 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
53074 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
53074 | shares |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-72.16 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1347.65 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1347.65 | |
CY2023 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
|
500000 | shares |
CY2023 | NXU |
Weightedaverage Warrants
WeightedaverageWarrants
|
100000 | shares |
CY2023 | NXU |
Weightedaverage Asconverted Convertible Notes
WeightedaverageAsconvertedConvertibleNotes
|
200000 | shares |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y8M12D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y6M | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0869 | pure |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0325 | pure |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
654000 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
335000 | usd |
CY2023 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
66000 | usd |
CY2022 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
23000 | usd |
CY2023 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
6000 | usd |
CY2022 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
7000 | usd |
CY2023 | NXU |
Total Lease Expense
TotalLeaseExpense
|
726000 | usd |
CY2022 | NXU |
Total Lease Expense
TotalLeaseExpense
|
365000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
968000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
40000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
716000 | usd |
CY2023Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
1684000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
40000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
132000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1552000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
40000 | usd |
CY2023 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P5Y | |
CY2023Q4 | us-gaap |
Liabilities Subject To Compromise Early Contract Termination Fees
LiabilitiesSubjectToCompromiseEarlyContractTerminationFees
|
700000 | usd |
CY2023 | NXU |
Legal Liability Payment Term
LegalLiabilityPaymentTerm
|
P21M | |
CY2023 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
20200000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
42346000 | usd |
CY2023 | NXU |
Stockbased Compensation Capitalized To Property And Equipment
StockbasedCompensationCapitalizedToPropertyAndEquipment
|
-490000 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
19710000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
42346000 | usd |
CY2023 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
500000 | usd |
CY2022 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
0 | usd |
CY2022 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
800000 | usd |
CY2023 | NXU |
Unrecognized Stockbased Compensation Related To Outstanding Awards
UnrecognizedStockbasedCompensationRelatedToOutstandingAwards
|
12487000 | usd |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P7Y | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.7533 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0165 | pure |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
-0 | pure |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
350000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
250000000 | shares |
CY2023Q4 | NXU |
Common Stock Relating To Portion Of Outstanding Stock Options And Restricted Stock
CommonStockRelatingToPortionOfOutstandingStockOptionsAndRestrictedStock
|
100000000 | shares |
CY2022Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
10911000 | usd |
CY2023 | NXU |
Convertible Debt Issued During Period
ConvertibleDebtIssuedDuringPeriod
|
7330000 | usd |
CY2022 | NXU |
Convertible Debt Issued During Period
ConvertibleDebtIssuedDuringPeriod
|
7034000 | usd |
CY2023 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
17623000 | usd |
CY2023 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
2367000 | usd |
CY2023 | NXU |
Change In Fair Value Measurement Of Convertible Debt
ChangeInFairValueMeasurementOfConvertibleDebt
|
1759000 | usd |
CY2022 | NXU |
Change In Fair Value Measurement Of Convertible Debt
ChangeInFairValueMeasurementOfConvertibleDebt
|
3877000 | usd |
CY2023Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
10000 | usd |
CY2022Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
10911000 | usd |
CY2022Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
374000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
13446000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
1966000 | usd |
CY2023 | NXU |
Liability Warrants Exercised During Period
LiabilityWarrantsExercisedDuringPeriod
|
-3519000 | usd |
CY2023 | NXU |
Liability Warrants Modified To Equity Warrants
LiabilityWarrantsModifiedToEquityWarrants
|
-222000 | usd |
CY2023 | NXU |
Change In Fair Value Measurement
ChangeInFairValueMeasurement
|
-10024000 | usd |
CY2022 | NXU |
Change In Fair Value Measurement
ChangeInFairValueMeasurement
|
-1592000 | usd |
CY2023Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
55000 | usd |
CY2022Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
374000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
65000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
11285000 | usd |
CY2023Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
10000 | usd |
CY2022Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
10911000 | usd |
CY2023Q4 | NXU |
Convertible Notes Contractual Principal Outstanding
ConvertibleNotesContractualPrincipalOutstanding
|
10000 | usd |
CY2022Q4 | NXU |
Convertible Notes Contractual Principal Outstanding
ConvertibleNotesContractualPrincipalOutstanding
|
10000000 | usd |
CY2022Q4 | NXU |
Fair Value Less Unpaid Principal Balance
FairValueLessUnpaidPrincipalBalance
|
911000 | usd |