$PEV
PHOENIX MOTOR INC.

2023 Q1 Form 10-K Financial Statement

#000141057823000543 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.781M $1.751M $4.330M
YoY Change 165.42% 35.0% 45.45%
Cost Of Revenue $1.608M $1.497M $3.510M
YoY Change 191.83% -12.15% -0.85%
Gross Profit $173.0K $254.0K $820.0K
YoY Change 44.17% -162.41% -245.65%
Gross Profit Margin 9.71% 14.51% 18.94%
Selling, General & Admin $3.846M $4.810M $13.97M
YoY Change 27.22% -36.16% 1.6%
% of Gross Profit 2223.12% 1893.7% 1703.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $355.0K $277.0K $1.582M
YoY Change -16.86% -83.59% -6.28%
% of Gross Profit 205.2% 109.06% 192.93%
Operating Expenses $3.846M $4.810M $13.97M
YoY Change 27.22% -36.16% 1.6%
Operating Profit -$3.673M -$4.556M -$13.15M
YoY Change 26.52% -42.63% -8.13%
Interest Expense $1.000K -$1.000K -$7.000K
YoY Change -150.0% 0.0% 133.33%
% of Operating Profit
Other Income/Expense, Net $895.0K $24.00K $454.0K
YoY Change 52.99% -108.33% -258.19%
Pretax Income -$2.778M -$4.533M -$12.70M
YoY Change 19.74% -44.92% -13.06%
Income Tax $0.00 -$5.000K $9.000K
% Of Pretax Income
Net Earnings -$2.778M -$4.528M -$12.71M
YoY Change 19.64% -45.04% -13.06%
Net Earnings / Revenue -155.98% -258.6% -293.42%
Basic Earnings Per Share -$0.13 -$0.65
Diluted Earnings Per Share -$0.13 -$0.19 -$0.65
COMMON SHARES
Basic Shares Outstanding 21.18M 20.19M 19.66M
Diluted Shares Outstanding 20.82M 19.66M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.0K $139.0K $139.0K
YoY Change 101.52% -94.82% -94.82%
Cash & Equivalents $133.0K $139.0K $139.0K
Short-Term Investments
Other Short-Term Assets $77.00K $28.00K $1.344M
YoY Change -90.14% -63.16% 154.55%
Inventory $3.522M $4.560M $4.560M
Prepaid Expenses
Receivables $1.525M $1.510M $1.510M
Other Receivables $168.0K $168.0K $168.0K
Total Short-Term Assets $6.572M $7.721M $7.721M
YoY Change 51.39% 16.33% 16.33%
LONG-TERM ASSETS
Property, Plant & Equipment $2.306M $2.492M $6.289M
YoY Change 17.17% 13.02% 185.22%
Goodwill $4.271M $4.271M
YoY Change 0.0%
Intangibles $1.549M $1.704M
YoY Change -26.65%
Long-Term Investments
YoY Change
Other Assets $675.0K $458.0K $458.0K
YoY Change
Total Long-Term Assets $12.41M $12.72M $12.72M
YoY Change 47.64% 44.58% 44.58%
TOTAL ASSETS
Total Short-Term Assets $6.572M $7.721M $7.721M
Total Long-Term Assets $12.41M $12.72M $12.72M
Total Assets $18.98M $20.44M $20.44M
YoY Change 48.92% 32.44% 32.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.475M $1.359M $1.359M
YoY Change -33.8% -23.91% -23.91%
Accrued Expenses $557.0K $650.0K $1.369M
YoY Change -8.54% -16.56% 75.74%
Deferred Revenue $1.452M $1.230M
YoY Change 53.18%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000K $3.000K $3.000K
YoY Change -72.73% -70.0% -70.0%
Total Short-Term Liabilities $5.042M $4.789M $4.789M
YoY Change 9.32% 7.57% 7.57%
LONG-TERM LIABILITIES
Long-Term Debt $144.0K $147.0K $147.0K
YoY Change -13.77% -80.56% -80.56%
Other Long-Term Liabilities $3.031M $3.225M $3.225M
YoY Change
Total Long-Term Liabilities $144.0K $147.0K $3.372M
YoY Change -13.77% -80.56% 346.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.042M $4.789M $4.789M
Total Long-Term Liabilities $144.0K $147.0K $3.372M
Total Liabilities $8.217M $8.161M $8.161M
YoY Change 71.94% 56.7% 56.7%
SHAREHOLDERS EQUITY
Retained Earnings -$31.34M -$28.56M
YoY Change 80.12%
Common Stock $8.000K $8.000K
YoY Change 14.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.77M $12.28M $12.28M
YoY Change
Total Liabilities & Shareholders Equity $18.98M $20.44M $20.44M
YoY Change 48.92% 32.44% 32.44%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.778M -$4.528M -$12.71M
YoY Change 19.64% -45.04% -13.06%
Depreciation, Depletion And Amortization $355.0K $277.0K $1.582M
YoY Change -16.86% -83.59% -6.28%
Cash From Operating Activities -$1.086M -$623.0K -$14.87M
YoY Change -59.66% -81.27% 14.89%
INVESTING ACTIVITIES
Capital Expenditures $71.00K $562.0K $1.284M
YoY Change 1238.1% -301.25%
Acquisitions
YoY Change
Other Investing Activities $0.00 $273.0K
YoY Change
Cash From Investing Activities -$71.00K -$562.0K -$1.011M
YoY Change -1438.1% 58.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.151M 7.000K 13.58M
YoY Change 1434.67% -187.5% 2321.21%
NET CHANGE
Cash From Operating Activities -1.086M -623.0K -14.87M
Cash From Investing Activities -71.00K -562.0K -1.011M
Cash From Financing Activities 1.151M 7.000K 13.58M
Net Change In Cash -6.000K -1.178M -2.294M
YoY Change -99.77% -64.23% -82.38%
FREE CASH FLOW
Cash From Operating Activities -$1.086M -$623.0K -$14.87M
Capital Expenditures $71.00K $562.0K $1.284M
Free Cash Flow -$1.157M -$1.185M -$16.15M
YoY Change -57.02% -64.83% 31.29%

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CY2022 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
1676000
CY2022 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
1676000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
273000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1284000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
638000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1011000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-638000
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
586000
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
30000
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
25000
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
13438000
CY2022 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
30000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
138000
CY2022 pev Proceeds From Sale Of Subscription Receivables
ProceedsFromSaleOfSubscriptionReceivables
7000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13583000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
561000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2294000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13016000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2683000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15699000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2683000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2683000
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
250000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2683000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
6000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
6000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000
CY2022 pev Right Of Use Asset Obtained In Exchange For Operating Lease Obligations
RightOfUseAssetObtainedInExchangeForOperatingLeaseObligations
4368000
CY2022 pev Inventories Transferred To Property And Equipment
InventoriesTransferredToPropertyAndEquipment
191000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
803000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
709000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-12705000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14866000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;"><span style="display:inline-block;text-indent:0pt;width:18pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">(c)</b></span>Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of the financial statements in conformity with U.S. GAAP requires the Group to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant accounting estimates reflected in the Group’s consolidated financial statements include the allowance for doubtful accounts, the impairment of goodwill and long-lived assets, and warranty reserves. Changes in facts and circumstances may result in revised estimates. The current economic environment has increased the degree of uncertainty inherent in those estimates and assumptions.</p>
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
CY2022 pev Number Of Primary Categories
NumberOfPrimaryCategories
4
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4330000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2977000
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1230000
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
803000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
325000
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
360000
CY2022 pev Governmental Grant Recognized As Revenue
GovernmentalGrantRecognizedAsRevenue
895000
CY2021 pev Governmental Grant Recognized As Revenue
GovernmentalGrantRecognizedAsRevenue
1243000
CY2022 pev Governmental Grant Recognized Reductions Of Cost Of Sales
GovernmentalGrantRecognizedReductionsOfCostOfSales
214000
CY2021 pev Governmental Grant Recognized Reductions Of Cost Of Sales
GovernmentalGrantRecognizedReductionsOfCostOfSales
252000
CY2022 pev Government Grants Balance Received
GovernmentGrantsBalanceReceived
503000
CY2021 pev Government Grants Balance Received
GovernmentGrantsBalanceReceived
714000
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1050000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1472000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1510000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1201000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000
CY2021 pev Allowance For Doubtful Accounts Including Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsIncludingAccountsReceivableWriteOffs
95000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1344000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
528000
CY2022Q4 pev Prepaid Expenses For Model Car Development Current
PrepaidExpensesForModelCarDevelopmentCurrent
947000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2251000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
924000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
979000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
582000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1330000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
719000
CY2022Q4 us-gaap Inventory Net
InventoryNet
4560000
CY2021Q4 us-gaap Inventory Net
InventoryNet
2225000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
493000
CY2022Q4 pev Prepaid Expenses Current
PrepaidExpensesCurrent
947000
CY2021Q4 pev Prepaid Expenses Current
PrepaidExpensesCurrent
41000
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
135000
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
267000
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
234000
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
144000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
28000
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
76000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3142000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
819000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2323000
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3142000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1438000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1704000
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
619000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
618000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
613000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
595000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
496000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1704000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5512000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5149000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3020000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2944000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2492000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2205000
CY2022 us-gaap Depreciation
Depreciation
963000
CY2021 us-gaap Depreciation
Depreciation
1070000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
147000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
756000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
150000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
766000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
3000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
3000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
135000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
150000
CY2021 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0
CY2022Q4 pev Maximum Value Of Common Stock May Sell
MaximumValueOfCommonStockMaySell
10000000
CY2022Q4 pev Maximum Value Of Common Stock May Sell
MaximumValueOfCommonStockMaySell
10000000
CY2022Q4 pev Number Of Common Stock May Sell To Investor
NumberOfCommonStockMaySellToInvestor
4035086
CY2022Q4 pev Stock Issued During Period Shares Issues As Commitment Fee Shares For Standby Equity Purchase Agreement
StockIssuedDuringPeriodSharesIssuesAsCommitmentFeeSharesForStandbyEquityPurchaseAgreement
61421
CY2022Q4 pev Number Of Common Stock May Sell To Investor
NumberOfCommonStockMaySellToInvestor
4035086
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
253000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
52000
CY2022 pev Adjustments To Additional Paid In Capital Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalExerciseOfStockOptions
138000
CY2022 pev Adjustments To Additional Paid In Capital Stock Issued
AdjustmentsToAdditionalPaidInCapitalStockIssued
130000
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.09
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1046000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
52000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0304
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0397
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0136
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0152
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
1.377
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.693
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.644
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.8773
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2040500
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.72
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
354000
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.72
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1686500
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.72
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2091000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
888000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.70
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
80625
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
731375
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.72
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1762500
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.71
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
16000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
212063
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.63
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
12000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1550437
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.72
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.0580
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.3539
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.3390
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.0014
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.0000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0007
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0008
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
981000
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0836
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.0153
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.0134
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.0070
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1511000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y11M8D
CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
12696000
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
14603000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12696000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-14603000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
11000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
11000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11000
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.2100
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.1335
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
942000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8426000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4370000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1246000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1174000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
197000
CY2022Q4 pev Deferred Tax Assets Property Plant And Equipment Adjustments
DeferredTaxAssetsPropertyPlantAndEquipmentAdjustments
293000
CY2021Q4 pev Deferred Tax Assets Property Plant And Equipment Adjustments
DeferredTaxAssetsPropertyPlantAndEquipmentAdjustments
415000
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
532000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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9821000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5326000
CY2022Q4 us-gaap Tax Credit Carryforward Amount
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488000
CY2022Q4 pev Increase Of Net Deferred Tax Assets Valuation Allowance
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4495000
CY2021Q4 pev Increase Of Net Deferred Tax Assets Valuation Allowance
IncreaseOfNetDeferredTaxAssetsValuationAllowance
4994000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1472000
CY2022Q4 us-gaap Other Commitment
OtherCommitment
1112000
CY2022 pev Expected Term Of Payment Of Other Commitments
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P1Y
CY2022 us-gaap Operating Lease Expense
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741000
CY2021 us-gaap Operating Lease Expense
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306000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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1022000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1064000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
520000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4529000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
585000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
3944000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
719000
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3225000
CY2022 pev Cash Paid For Amounts Included In Measurement Of Lease Liabilities
CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
617000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4368000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0616

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