2024 Q2 Form 10-K Financial Statement

#000141057824000471 Filed on April 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $12.03M $3.122M $3.122M
YoY Change 939.03% 78.3% -27.9%
Cost Of Revenue $10.20M $3.398M $3.398M
YoY Change 737.0% 126.99% -3.19%
Gross Profit $1.829M -$276.0K -$276.0K
YoY Change -3098.36% -208.66% -133.66%
Gross Profit Margin 15.2% -8.84% -8.84%
Selling, General & Admin $8.929M $15.26M $15.26M
YoY Change 188.03% 217.3% 9.25%
% of Gross Profit 488.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $419.0K $294.0K $1.191M
YoY Change -12.71% 6.14% -24.72%
% of Gross Profit 22.91%
Operating Expenses $8.929M $15.26M $15.26M
YoY Change 188.03% 217.3% 9.25%
Operating Profit -$7.100M -$15.54M -$15.54M
YoY Change 124.61% 241.04% 18.16%
Interest Expense $5.000K -$925.0K -$925.0K
YoY Change 92400.0% 13114.29%
% of Operating Profit
Other Income/Expense, Net -$833.0K $808.0K $808.0K
YoY Change -13983.33% 3266.67% 77.97%
Pretax Income -$7.933M -$20.62M -$20.62M
YoY Change 151.44% 354.95% 62.44%
Income Tax -$5.675M $22.00K $22.00K
% Of Pretax Income
Net Earnings -$2.258M -$20.65M -$20.65M
YoY Change -28.93% 355.94% 62.5%
Net Earnings / Revenue -18.77% -661.27% -661.27%
Basic Earnings Per Share -$0.06 -$0.97
Diluted Earnings Per Share -$0.06 -$0.97 -$0.97
COMMON SHARES
Basic Shares Outstanding 34.69M 21.29M 21.20M
Diluted Shares Outstanding 34.82M shares 21.20M

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.401M $31.00K $31.00K
YoY Change 268.68% -77.7% -77.7%
Cash & Equivalents $1.401M $31.00K $31.00K
Short-Term Investments
Other Short-Term Assets $51.00K $3.521M $3.521M
YoY Change -31.08% 12475.0% 161.98%
Inventory $47.83M $1.796M $1.796M
Prepaid Expenses $100.0K $100.0K
Receivables $3.656M $451.0K $451.0K
Other Receivables $850.0K $217.0K $217.0K
Total Short-Term Assets $60.52M $6.016M $6.016M
YoY Change 960.15% -22.08% -22.08%
LONG-TERM ASSETS
Property, Plant & Equipment $4.635M $1.119M $1.119M
YoY Change 67.03% -55.1% -82.21%
Goodwill $4.271M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $119.0K $230.0K $230.0K
YoY Change -72.33% -49.78% -49.78%
Total Long-Term Assets $6.946M $5.620M $5.620M
YoY Change -43.47% -55.82% -55.82%
TOTAL ASSETS
Total Short-Term Assets $60.52M $6.016M $6.016M
Total Long-Term Assets $6.946M $5.620M $5.620M
Total Assets $67.47M $11.64M $11.64M
YoY Change 274.9% -43.08% -43.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.950M $3.529M $3.529M
YoY Change 45.25% 159.68% 159.68%
Accrued Expenses $1.090M $2.229M $2.229M
YoY Change 68.21% 242.92% 62.82%
Deferred Revenue $2.650M $167.0K
YoY Change 60.61% -86.42%
Short-Term Debt $1.317M $961.0K $961.0K
YoY Change
Long-Term Debt Due $6.000K $1.325M $1.325M
YoY Change 100.0% 44066.67% 44066.67%
Total Short-Term Liabilities $19.74M $10.88M $10.88M
YoY Change 219.74% 127.21% 127.21%
LONG-TERM LIABILITIES
Long-Term Debt $143.0K $684.0K $684.0K
YoY Change 0.0% 365.31% 365.31%
Other Long-Term Liabilities $16.30M $4.910M $4.910M
YoY Change 480.21% 52.25% 52.25%
Total Long-Term Liabilities $143.0K $5.594M $5.594M
YoY Change 0.0% 3705.44% 65.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.74M $10.88M $10.88M
Total Long-Term Liabilities $143.0K $5.594M $5.594M
Total Liabilities $45.61M $16.48M $16.48M
YoY Change 342.97% 101.87% 101.87%
SHAREHOLDERS EQUITY
Retained Earnings -$36.67M -$49.21M
YoY Change 6.23% 72.28%
Common Stock $14.00K $9.000K
YoY Change 75.0% 12.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.86M -$4.839M -$4.839M
YoY Change
Total Liabilities & Shareholders Equity $67.47M $11.64M $11.64M
YoY Change 274.9% -43.08% -43.08%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.258M -$20.65M -$20.65M
YoY Change -28.93% 355.94% 62.5%
Depreciation, Depletion And Amortization $419.0K $294.0K $1.191M
YoY Change -12.71% 6.14% -24.72%
Cash From Operating Activities $2.303M -$1.110M -$3.652M
YoY Change -490.34% 78.17% -75.43%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$69.00K $93.00K
YoY Change -100.0% -112.28% -92.76%
Acquisitions
YoY Change
Other Investing Activities -$766.0K
YoY Change
Cash From Investing Activities -$766.0K $69.00K -$93.00K
YoY Change 9.43% -112.28% -90.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.915M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.932M 3.888M 6.639M
YoY Change -290.39% 55442.86% -51.12%
NET CHANGE
Cash From Operating Activities 2.303M -1.110M -3.652M
Cash From Investing Activities -766.0K 69.00K -93.00K
Cash From Financing Activities -2.932M 3.888M 6.639M
Net Change In Cash -1.395M 2.847M 2.894M
YoY Change -658.0% -341.68% -226.16%
FREE CASH FLOW
Cash From Operating Activities $2.303M -$1.110M -$3.652M
Capital Expenditures $0.00 -$69.00K $93.00K
Free Cash Flow $2.303M -$1.041M -$3.745M
YoY Change -278.53% -12.15% -76.81%

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CY2023 pev Provision For Credit Loss
ProvisionForCreditLoss
360000
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
289000
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4968000
CY2023 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-84000
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
48000
CY2023 pev Gain Loss On Forgiveness Of Long Term Debt Instrument
GainLossOnForgivenessOfLongTermDebtInstrument
137000
CY2022 pev Forgiveness Of Ppp Loan
ForgivenessOfPppLoan
586000
CY2022 pev Non Cash Expense Commitment Fee Paid By Issuance Of Common Shares
NonCashExpenseCommitmentFeePaidByIssuanceOfCommonShares
100000
CY2023 us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
-98000
CY2023 pev Amortization Of Debt Discount Premium Of Convertible Notes
AmortizationOfDebtDiscountPremiumOfConvertibleNotes
327000
CY2023 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-319000
CY2023 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
38000
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1046000
CY2023 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
881000
CY2023 pev Warranty Reserve
WarrantyReserve
-36000
CY2022 pev Warranty Reserve
WarrantyReserve
-35000
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
816000
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
764000
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1153000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
309000
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1748000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2526000
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1075000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1024000
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
2332000
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-427000
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
393000
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-129000
CY2023 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-45000
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-211000
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1151000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
427000
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-349000
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-617000
CY2023 pev Increase Decrease In Net Investment In Lease
IncreaseDecreaseInNetInvestmentInLease
282000
CY2023 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
17000
CY2023 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-38000
CY2022 us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
168000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3652000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14866000
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
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
93000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1284000
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-93000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1011000
CY2023 us-gaap Repayments Of Debt
RepaymentsOfDebt
1000
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1915000
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30000
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
138000
CY2022 pev Proceeds From Sale Of Subscription Receivables
ProceedsFromSaleOfSubscriptionReceivables
7000
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6639000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13583000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2894000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2294000
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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3283000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
139000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3252000
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
250000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3283000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
389000
CY2023 us-gaap Interest Paid Net
InterestPaidNet
153000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
6000
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2000
CY2023 pev Right Of Use Asset Obtained In Exchange For Operating Lease Obligations
RightOfUseAssetObtainedInExchangeForOperatingLeaseObligations
404000
CY2022 pev Right Of Use Asset Obtained In Exchange For Operating Lease Obligations
RightOfUseAssetObtainedInExchangeForOperatingLeaseObligations
4368000
CY2023 pev Derivative Liabilities Recorded As Debt Discount
DerivativeLiabilitiesRecordedAsDebtDiscount
837000
CY2023 pev Warrants Recorded As Debt Discount
WarrantsRecordedAsDebtDiscount
590000
CY2023 pev Inventories Transferred To Property And Equipment
InventoriesTransferredToPropertyAndEquipment
727000
CY2022 pev Inventories Transferred To Property And Equipment
InventoriesTransferredToPropertyAndEquipment
191000
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-20645000
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3652000
CY2023Q4 pev Working Capital Deficit
WorkingCapitalDeficit
4865000
CY2023 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 credit losses, impairment of goodwill, impairment of long-lived assets, warranty reserves, and fair value of derivative liabilities. 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>
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
3252000
CY2023Q4 pev Restricted Cash Deposited In Escrow Account For Part Of Proceeds Received For Ipo
RestrictedCashDepositedInEscrowAccountForPartOfProceedsReceivedForIpo
250000
CY2023Q4 pev Restricted Cash Deposit Term
RestrictedCashDepositTerm
P2Y
CY2023Q4 pev Restricted Cash Deposited In Escrow Account To Secure Acquisition Of Transit Business
RestrictedCashDepositedInEscrowAccountToSecureAcquisitionOfTransitBusiness
3002000
CY2023 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4968000
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0
CY2023 pev Revenue Recognition Reductions In Revenue
RevenueRecognitionReductionsInRevenue
366000
CY2023 pev Number Of Primary Categories
NumberOfPrimaryCategories
4
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3122000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4330000
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3122000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4330000
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2381000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1230000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
466000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
803000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
479000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
249000
CY2023 us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
-98000
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
289000
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
325000
CY2023 pev Governmental Grant Recognized As Revenue
GovernmentalGrantRecognizedAsRevenue
521000
CY2022 pev Governmental Grant Recognized As Revenue
GovernmentalGrantRecognizedAsRevenue
895000
CY2023 pev Governmental Grant Recognized Reductions Of Cost Of Sales
GovernmentalGrantRecognizedReductionsOfCostOfSales
47000
CY2022 pev Governmental Grant Recognized Reductions Of Cost Of Sales
GovernmentalGrantRecognizedReductionsOfCostOfSales
214000
CY2023 pev Government Grant Recognized Deduction In Carrying Value Of Sale Type Leased Vehicles
GovernmentGrantRecognizedDeductionInCarryingValueOfSaleTypeLeasedVehicles
180000
CY2022 pev Government Grant Recognized Deduction In Carrying Value Of Sale Type Leased Vehicles
GovernmentGrantRecognizedDeductionInCarryingValueOfSaleTypeLeasedVehicles
0
CY2023 pev Government Grants Balance Received
GovernmentGrantsBalanceReceived
362000
CY2022 pev Government Grants Balance Received
GovernmentGrantsBalanceReceived
503000
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4946097
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">(x)</b></span>Reclassification</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Certain prior year amounts in the consolidated financial statements have been reclassified to conform with the current year presentation. These reclassifications have not changed the results of operations or statement of cash flow of prior year.</p>
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1344000
CY2023Q4 pev Provision For Credit Losses Of Prepaid Expenses And Other Current Assets
ProvisionForCreditLossesOfPrepaidExpensesAndOtherCurrentAssets
-162000
CY2022Q4 pev Provision For Credit Losses Of Prepaid Expenses And Other Current Assets
ProvisionForCreditLossesOfPrepaidExpensesAndOtherCurrentAssets
0
CY2023Q4 pev Provision For Credit Losses Of Security Deposit
ProvisionForCreditLossesOfSecurityDeposit
208000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35000
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
451000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1510000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35000
CY2023 pev Accounts Receivable Credit Loss Expense
AccountsReceivableCreditLossExpense
25000
CY2023 pev Accounts Receivable Credit Loss Reversal
AccountsReceivableCreditLossReversal
35000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
35000
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0
CY2023 pev Sales Type Lease Number Of Agreements
SalesTypeLeaseNumberOfAgreements
10
CY2022 pev Sales Type Lease Number Of Agreements
SalesTypeLeaseNumberOfAgreements
0
CY2023 us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
-98000
CY2022 us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
0
CY2023Q4 pev Sales Type Lease Lease Receivable Current
SalesTypeLeaseLeaseReceivableCurrent
249000
CY2022Q4 pev Sales Type Lease Lease Receivable Current
SalesTypeLeaseLeaseReceivableCurrent
0
CY2023Q4 pev Sales Type Lease Lease Receivable Noncurrent
SalesTypeLeaseLeaseReceivableNoncurrent
230000
CY2022Q4 pev Sales Type Lease Lease Receivable Noncurrent
SalesTypeLeaseLeaseReceivableNoncurrent
0
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
865000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2251000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
108000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
979000
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
823000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1330000
CY2023Q4 us-gaap Inventory Net
InventoryNet
1796000
CY2022Q4 us-gaap Inventory Net
InventoryNet
4560000
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
289000
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
0
CY2023Q4 pev Prepaid Expenses Current
PrepaidExpensesCurrent
100000
CY2022Q4 pev Prepaid Expenses Current
PrepaidExpensesCurrent
947000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
249000
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
131000
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
135000
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
234000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
38000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
28000
CY2023Q4 pev Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
518000
CY2022Q4 pev Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
1344000
CY2023Q4 pev Provision For Credit Losses Of Prepaid Expenses And Other Current Assets
ProvisionForCreditLossesOfPrepaidExpensesAndOtherCurrentAssets
-162000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
356000
CY2023 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
35000
CY2022 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
0
CY2023Q4 pev Sales Type Lease Lease Receivable Noncurrent
SalesTypeLeaseLeaseReceivableNoncurrent
230000
CY2023Q4 pev Sales Type Lease Lease Receivable Current
SalesTypeLeaseLeaseReceivableCurrent
249000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Before Allowance For Credit Loss Current
SalesTypeLeaseNetInvestmentInLeaseBeforeAllowanceForCreditLossCurrent
479000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
479000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
249000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Before Allowance For Credit Loss Noncurrent
SalesTypeLeaseNetInvestmentInLeaseBeforeAllowanceForCreditLossNoncurrent
230000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
302000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
184000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
54000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
15000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
555000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
76000
CY2023Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
479000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
479000
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
249000
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
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3142000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2051000
CY2023Q4 pev Finite Lived Intangible Assets Accumulated Impairment
FiniteLivedIntangibleAssetsAccumulatedImpairment
1091000
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
613000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
619000
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1091000
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
144000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3799000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5512000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2188000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3020000
CY2023Q4 pev Accumulated Impairment Property Plant And Equipment
AccumulatedImpairmentPropertyPlantAndEquipment
492000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1119000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2492000
CY2023 us-gaap Impairment Excluding Lessor Asset Under Operating Lease
ImpairmentExcludingLessorAssetUnderOperatingLease
492000
CY2022 us-gaap Impairment Excluding Lessor Asset Under Operating Lease
ImpairmentExcludingLessorAssetUnderOperatingLease
0
CY2023 us-gaap Depreciation
Depreciation
578000
CY2022 us-gaap Depreciation
Depreciation
963000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
147000
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
149000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
150000
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
10000
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