2024 Q4 Form 10-Q Financial Statement

#000149315224043192 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q2 2023 Q4
Revenue $12.03M $3.122M
YoY Change 939.03% 78.3%
Cost Of Revenue $10.20M $3.398M
YoY Change 737.0% 126.99%
Gross Profit $1.829M -$276.0K
YoY Change -3098.36% -208.66%
Gross Profit Margin 15.2% -8.84%
Selling, General & Admin $8.929M $15.26M
YoY Change 188.03% 217.3%
% of Gross Profit 488.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $419.0K $294.0K
YoY Change -12.71% 6.14%
% of Gross Profit 22.91%
Operating Expenses $8.929M $15.26M
YoY Change 188.03% 217.3%
Operating Profit -$7.100M -$15.54M
YoY Change 124.61% 241.04%
Interest Expense $5.000K -$925.0K
YoY Change 92400.0%
% of Operating Profit
Other Income/Expense, Net -$833.0K $808.0K
YoY Change -13983.33% 3266.67%
Pretax Income -$7.933M -$20.62M
YoY Change 151.44% 354.95%
Income Tax -$5.675M $22.00K
% Of Pretax Income
Net Earnings -$2.258M -$20.65M
YoY Change -28.93% 355.94%
Net Earnings / Revenue -18.77% -661.27%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$0.06 -$0.97
COMMON SHARES
Basic Shares Outstanding 37.65M shares 34.69M 21.29M
Diluted Shares Outstanding 34.82M shares

Balance Sheet

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

Cashflow Statement

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

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001879848
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3656000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
47833000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
797000 usd
CY2024Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
850000 usd
CY2024Q2 us-gaap Assets Current
AssetsCurrent
60524000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4635000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Before Allowance For Credit Loss Noncurrent
SalesTypeLeaseNetInvestmentInLeaseBeforeAllowanceForCreditLossNoncurrent
119000 usd
CY2024Q2 us-gaap Assets
Assets
67470000 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2950000 usd
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2650000 usd
CY2024Q2 us-gaap Deferred Income Current
DeferredIncomeCurrent
352000 usd
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3803000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2423000 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
1317000 usd
CY2024Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
294000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
6000 usd
CY2024Q2 us-gaap Liabilities Current
LiabilitiesCurrent
19744000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3369000 usd
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2040000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
143000 usd
CY2024Q2 us-gaap Liabilities
Liabilities
45613000 usd
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
14000 usd
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
58509000 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-36666000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
21857000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12032000 usd
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2024Q2 us-gaap Goodwill
Goodwill
usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
usd
CY2023Q4 PEV Warranty Reserve Noncurrent
WarrantyReserveNoncurrent
usd
CY2024Q2 PEV Convertible Notes Noncurrent
ConvertibleNotesNoncurrent
usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2024Q2 us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
usd
CY2023Q2 us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
usd
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
usd
CY2023Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
usd
CY2023Q2 PEV Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
usd
PEV Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Inventory Write Down
InventoryWriteDown
usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
PEV Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
usd
PEV Deferred Tax Liability Reversal
DeferredTaxLiabilityReversal
usd
PEV Leased Assets Held For Sale
LeasedAssetsHeldForSale
usd
PEV Increase Decrease In Net Investment In Lease
IncreaseDecreaseInNetInvestmentInLease
usd
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
usd
PEV Proceeds From Issuance Of Debts
ProceedsFromIssuanceOfDebts
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
PEV Derivative Liabilities Recorded As Debt Discount
DerivativeLiabilitiesRecordedAsDebtDiscount
usd
PEV Issuance Of Common Stock For Convertible Note Conversion
IssuanceOfCommonStockForConvertibleNoteConversion
usd
PEV Reclass Of Derivative Liability To Additional Paidin Capital Upon Conversion Of Related Convertible Debentures
ReclassOfDerivativeLiabilityToAdditionalPaidinCapitalUponConversionOfRelatedConvertibleDebentures
usd
PEV Issuance Of Restricted Shares To Wisdom Financial To Repay Consulting Fee
IssuanceOfRestrictedSharesToWisdomFinancialToRepayConsultingFee
usd
PEV Issuance Of Common Stock For Settlement With Vendors
IssuanceOfCommonStockForSettlementWithVendors
usd
PEV Inventories Transferred To Property And Equipment
InventoriesTransferredToPropertyAndEquipment
usd
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Inventory Write Down
InventoryWriteDown
usd
CY2024Q2 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
usd
CY2024Q2 PEV Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYearsThereafter
usd
CY2024Q2 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
usd
CY2023Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
usd
us-gaap Interest Expense Debt
InterestExpenseDebt
usd
CY2023Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
usd
CY2023Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
usd
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
shares
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
shares
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
shares
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
shares
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-41414
dei Entity Registrant Name
EntityRegistrantName
Phoenix Motor Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
85-4319789
dei Entity Address Address Line1
EntityAddressAddressLine1
1500 Lakeview Loop
dei Entity Address City Or Town
EntityAddressCityOrTown
Anaheim
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92807
dei City Area Code
CityAreaCode
(909)
dei Local Phone Number
LocalPhoneNumber
978-0815
dei Security12b Title
Security12bTitle
Common Stock, par value $0.0004 per share
dei Trading Symbol
TradingSymbol
PEV
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37648492 shares
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1401000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3252000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
451000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1796000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
356000 usd
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
130000 usd
CY2024Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
5987000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
6016000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1119000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2192000 usd
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease Before Allowance For Credit Loss Noncurrent
SalesTypeLeaseNetInvestmentInLeaseBeforeAllowanceForCreditLossNoncurrent
230000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
4271000 usd
CY2023Q4 us-gaap Assets
Assets
11636000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3529000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1090000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
926000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
167000 usd
CY2023Q4 us-gaap Deferred Income Current
DeferredIncomeCurrent
362000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
289000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1303000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
863000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
961000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1156000 usd
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
2309000 usd
CY2024Q2 PEV Convertible Note Current
ConvertibleNoteCurrent
2550000 usd
CY2023Q4 PEV Convertible Note Current
ConvertibleNoteCurrent
1320000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
10881000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2696000 usd
CY2024Q2 PEV Warranty Reserve Noncurrent
WarrantyReserveNoncurrent
10895000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2214000 usd
CY2023Q4 PEV Convertible Notes Noncurrent
ConvertibleNotesNoncurrent
540000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
144000 usd
CY2024Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
9422000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
16475000 usd
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0004
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0004
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35401357 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35401357 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21900918 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21900918 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
9000 usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
44359000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-49207000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-4839000 usd
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
67470000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11636000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1158000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21452000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2939000 usd
CY2024Q2 us-gaap Cost Of Revenue
CostOfRevenue
10203000 usd
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
1219000 usd
us-gaap Cost Of Revenue
CostOfRevenue
17118000 usd
us-gaap Cost Of Revenue
CostOfRevenue
2827000 usd
CY2024Q2 us-gaap Gross Profit
GrossProfit
1829000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
-61000 usd
us-gaap Gross Profit
GrossProfit
4334000 usd
us-gaap Gross Profit
GrossProfit
112000 usd
CY2024Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8929000 usd
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3100000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
17578000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6946000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4271000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-7100000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3161000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-17515000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-6834000 usd
CY2024Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-642000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3337000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1000 usd
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
99000 usd
CY2024Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
647000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
589000 usd
CY2024Q2 PEV Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
-836000 usd
PEV Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
32072000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2000 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
803000 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-833000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
29324000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
901000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7933000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3155000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11809000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5933000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5675000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-732000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2258000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-3177000 usd
us-gaap Net Income Loss
NetIncomeLoss
12541000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5955000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34821273 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21261704 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32638754 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21038874 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34821273 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21261704 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36882268 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21038874 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
12282000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-2778000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
109000 usd
CY2023Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1154000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
10767000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-3177000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
37000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
73000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
7700000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-4839000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
14799000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
50000 usd
CY2024Q1 PEV Stock Issued During Period Value Of Reclass Of Derivative Liability Upon Conversion Of Related Convertible Notes
StockIssuedDuringPeriodValueOfReclassOfDerivativeLiabilityUponConversionOfRelatedConvertibleNotes
144000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
451000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1693000 usd
CY2024Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
270000 usd
CY2024Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
11104000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
23672000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
23672000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2258000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2258000 usd
CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-67000 usd
CY2024Q2 PEV Stock Issued During Period Value Of Reclass Of Derivative Liability Upon Conversion Of Related Convertible Notes
StockIssuedDuringPeriodValueOfReclassOfDerivativeLiabilityUponConversionOfRelatedConvertibleNotes
129000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
381000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
21857000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
21857000 usd
us-gaap Net Income Loss
NetIncomeLoss
12541000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5955000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
835000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
843000 usd
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
99000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000 usd
us-gaap Inventory Write Down
InventoryWriteDown
98000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1490000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
589000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
-17000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
146000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4271000 usd
PEV Warranty Reserve
WarrantyReserve
-586000 usd
PEV Warranty Reserve
WarrantyReserve
-23000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
470000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
491000 usd
PEV Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
32072000 usd
PEV Deferred Tax Liability Reversal
DeferredTaxLiabilityReversal
3041000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3205000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
271000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-12854000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2002000 usd
PEV Leased Assets Held For Sale
LeasedAssetsHeldForSale
-413000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
441000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-405000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1115000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
672000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
467000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-10000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-17000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2309000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
420000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-869000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-491000 usd
PEV Increase Decrease In Net Investment In Lease
IncreaseDecreaseInNetInvestmentInLease
111000 usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-46000 usd
us-gaap Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
-93000 usd
us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
2309000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1599000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1678000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
113000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
766000 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
816000 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
400000 usd
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
50000 usd
us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
400000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
10000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10879000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-766000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
2008000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
4000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1464000 usd
PEV Proceeds From Issuance Of Debts
ProceedsFromIssuanceOfDebts
2363000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1904000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1041000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
11104000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1227000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10596000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2687000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1882000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
243000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3283000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
389000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1401000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
632000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1401000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
382000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
250000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1401000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
632000 usd
PEV Derivative Liabilities Recorded As Debt Discount
DerivativeLiabilitiesRecordedAsDebtDiscount
294000 usd
PEV Issuance Of Common Stock For Convertible Note Conversion
IssuanceOfCommonStockForConvertibleNoteConversion
832000 usd
PEV Reclass Of Derivative Liability To Additional Paidin Capital Upon Conversion Of Related Convertible Debentures
ReclassOfDerivativeLiabilityToAdditionalPaidinCapitalUponConversionOfRelatedConvertibleDebentures
273000 usd
PEV Issuance Of Restricted Shares To Wisdom Financial To Repay Consulting Fee
IssuanceOfRestrictedSharesToWisdomFinancialToRepayConsultingFee
270000 usd
PEV Issuance Of Common Stock For Settlement With Vendors
IssuanceOfCommonStockForSettlementWithVendors
1693000 usd
PEV Inventories Transferred To Property And Equipment
InventoriesTransferredToPropertyAndEquipment
270000 usd
CY2023Q4 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
10000000 usd
CY2023Q4 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
14994000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12032000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1158000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21452000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2939000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12032000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1158000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21452000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2939000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5042000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2743000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
313000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
391000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
272000 usd
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
99000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
14698000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
289000 usd
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
4271000 usd
us-gaap Net Income Loss
NetIncomeLoss
12541000 usd
us-gaap Profit Loss
ProfitLoss
19531000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1599000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
20000000 usd
CY2024Q2 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
5987000 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
25000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3656000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
451000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000 usd
CY2024Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
38699000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
865000 usd
CY2024Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2455000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
108000 usd
CY2024Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6679000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
823000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
47833000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
1796000 usd
us-gaap Inventory Write Down
InventoryWriteDown
98000 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
100000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
100000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
272000 usd
CY2023Q4 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
249000 usd
CY2024Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
536000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
131000 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
51000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
38000 usd
CY2024Q2 PEV Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
959000 usd
CY2023Q4 PEV Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
518000 usd
CY2024Q2 PEV Provision For Credit Losses Of Prepaid Expenses And Other Current Assets
ProvisionForCreditLossesOfPrepaidExpensesAndOtherCurrentAssets
-162000 usd
CY2023Q4 PEV Provision For Credit Losses Of Prepaid Expenses And Other Current Assets
ProvisionForCreditLossesOfPrepaidExpensesAndOtherCurrentAssets
-162000 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
797000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
356000 usd
CY2024Q2 PEV Sales Type Lease Lease Receivable Current
SalesTypeLeaseLeaseReceivableCurrent
272000 usd
CY2023Q4 PEV Sales Type Lease Lease Receivable Current
SalesTypeLeaseLeaseReceivableCurrent
249000 usd
CY2024Q2 PEV Sales Type Lease Lease Receivable Noncurrent
SalesTypeLeaseLeaseReceivableNoncurrent
119000 usd
CY2023Q4 PEV Sales Type Lease Lease Receivable Noncurrent
SalesTypeLeaseLeaseReceivableNoncurrent
230000 usd
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
13 usd
CY2024Q2 PEV Sales Type Lease Lease Receivable Noncurrent
SalesTypeLeaseLeaseReceivableNoncurrent
119000 usd
CY2024Q2 PEV Sales Type Lease Lease Receivable Current
SalesTypeLeaseLeaseReceivableCurrent
272000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Before Allowance For Credit Loss Current
SalesTypeLeaseNetInvestmentInLeaseBeforeAllowanceForCreditLossCurrent
391000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
391000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
272000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease Before Allowance For Credit Loss Noncurrent
SalesTypeLeaseNetInvestmentInLeaseBeforeAllowanceForCreditLossNoncurrent
119000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
151000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
184000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
54000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
15000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
404000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
13000 usd
CY2024Q2 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
391000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
391000 usd
CY2024Q2 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
272000 usd
PEV Allocated Share Based Compensation Reversal
AllocatedShareBasedCompensationReversal
17000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
146000 usd
CY2024Q2 PEV Allocated Share Based Compensation Reversal
AllocatedShareBasedCompensationReversal
67000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
37000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
310000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M13D
CY2023Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
130000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
863000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1041000 usd
CY2024Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12 pure
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
863000 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1904000 usd
CY2024Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
850000 usd
CY2024Q2 PEV Related Party No Interest Loan
RelatedPartyNoInterestLoan
266000 usd
CY2024Q2 PEV Related Party With Interest Loan
RelatedPartyWithInterestLoan
500000 usd
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
9667000 usd
CY2023Q4 us-gaap Warrants Not Settleable In Cash Fair Value Disclosure
WarrantsNotSettleableInCashFairValueDisclosure
590000 usd
CY2024Q1 us-gaap Debt Default Longterm Debt Description Of Notice Of Default
DebtDefaultLongtermDebtDescriptionOfNoticeOfDefault
On March 29, 2024, the Group noted that an event of default has occurred under the June 2023 Notes and October 2023 Notes, due to a failure to observe or perform in a material respect the following covenants: 1) under the Registration Rights Agreement dated on November 10, 2023, the Company agreed to use all commercially reasonable efforts to cause a registration statement relating to the registrable securities to become effective and to keep such registration statement effective until the earlier to occur of the date on which (A) the investor shall have sold all the registrable securities; or (B) the investor has no right to acquire any additional shares of common stock under the purchase agreement or the warrants; and 2) under the Securities Purchase Agreement dated as of June 23, 2023 and a covenant under the notes, as determined on the first of every calendar month, the Company agreed at all times to keep on hand unencumbered, unrestricted cash in an amount greater than or equal to $200,000. The default was not fully cured within five (5) business days of such failure. As a result, the interest rate of the June 2023 Notes and October 2023 Notes was automatically increased to 18% per annum, starting from the date of occurrence of the Event of Default
us-gaap Interest And Debt Expense
InterestAndDebtExpense
1490000 usd
CY2024Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1490000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
203000 usd
PEV Debt Discount Amortized Into Interest Expense Due To Event Of Default
DebtDiscountAmortizedIntoInterestExpenseDueToEventOfDefault
1287000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
215000 usd
PEV Number Of Warrants Exercised
NumberOfWarrantsExercised
0 shares
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2258000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3177000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12541000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5955000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-2258000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-3177000 usd
us-gaap Net Income Loss
NetIncomeLoss
12541000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5955000 usd
CY2024Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-647000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-590000 usd
CY2024Q2 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
112000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
215000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2793000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3177000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12166000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5955000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34821273 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21261704 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32638754 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21038874 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4243514 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34821273 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21261704 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36882268 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21038874 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.38
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2087250 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2835000 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
22625342 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2087250 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2835000 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
22625342 shares
PEV Other Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
OtherAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Salaries And Wages
SalariesAndWages
20000000 usd
CY2024Q2 us-gaap Loss Contingency Damages Sought
LossContingencyDamagesSought
250

Files In Submission

Name View Source Status
0001493152-24-043192-index-headers.html Edgar Link pending
0001493152-24-043192-index.html Edgar Link pending
0001493152-24-043192.txt Edgar Link pending
0001493152-24-043192-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
pev-20240630.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
pev-20240630_cal.xml Edgar Link unprocessable
pev-20240630_def.xml Edgar Link unprocessable
pev-20240630_lab.xml Edgar Link unprocessable
pev-20240630_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending