$VLCN
Volcon Inc

2022 Q4 Form 10-Q Financial Statement

#000168316822007482 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $751.6K $242.7K $75.07K
YoY Change 101.1% 223.31%
Cost Of Revenue $1.863M $2.013M $1.177M
YoY Change -80.03% 71.06%
Gross Profit -$1.111M -$1.770M -$1.102M
YoY Change -87.59% 60.68%
Gross Profit Margin -147.86% -729.31% -1467.46%
Selling, General & Admin $4.240M $3.367M $2.088M
YoY Change 98.76% 61.25% 10341.15%
% of Gross Profit
Research & Development $829.5K $2.113M $2.655M
YoY Change -70.59% -20.41% 848.1%
% of Gross Profit
Depreciation & Amortization $188.7K $265.9K $70.70K
YoY Change 125.06% 276.11% 37110.53%
% of Gross Profit
Operating Expenses $5.069M $5.545M $4.743M
YoY Change 2.33% 16.9% 1480.97%
Operating Profit -$6.181M -$7.315M -$5.845M
YoY Change -55.57% 25.15%
Interest Expense -$1.632M $618.3K -$42.18K
YoY Change 6779.26% -1565.88%
% of Operating Profit
Other Income/Expense, Net $14.97K -$584.5K -$3.840K
YoY Change -101.77% 15121.17%
Pretax Income -$7.797M -$7.899M -$5.891M
YoY Change -47.24% 34.1% 1863.52%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$7.797M -$7.899M -$5.891M
YoY Change -47.24% 34.1% 1863.52%
Net Earnings / Revenue -1037.41% -3254.58% -7846.76%
Basic Earnings Per Share -$0.32 -$2.55
Diluted Earnings Per Share -$0.32 -$0.32 -$2.557M
COMMON SHARES
Basic Shares Outstanding 24.38M shares 24.35M shares 2.304M shares
Diluted Shares Outstanding 24.35M shares 2.304M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.41M $20.92M $5.598M
YoY Change 51.11% 273.67%
Cash & Equivalents $11.54M $20.55M $2.657M
Short-Term Investments $427.7K $919.6K $2.940M
Other Short-Term Assets $2.402M $1.355M $341.3K
YoY Change 119.78% 296.92%
Inventory $5.646M $2.022M $2.329M
Prepaid Expenses
Receivables $865.0K $1.568M $35.66K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.33M $25.86M $8.303M
YoY Change 86.81% 211.45%
LONG-TERM ASSETS
Property, Plant & Equipment $601.8K $609.9K $3.058M
YoY Change -25.68% -80.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $285.0K $294.5K $749.2K
YoY Change -61.1% -60.69%
Total Long-Term Assets $2.399M $2.506M $3.827M
YoY Change -35.92% -34.52%
TOTAL ASSETS
Total Short-Term Assets $20.33M $25.86M $8.303M
Total Long-Term Assets $2.399M $2.506M $3.827M
Total Assets $22.73M $28.37M $12.13M
YoY Change 55.4% 133.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.037M $475.1K $1.331M
YoY Change -28.71% -64.29%
Accrued Expenses $2.045M $2.499M $482.7K
YoY Change 165.05% 417.81%
Deferred Revenue
YoY Change
Short-Term Debt $17.35M $0.00 $17.44K
YoY Change -100.0%
Long-Term Debt Due $18.67K $15.76M $1.139M
YoY Change 8.55% 1283.43%
Total Short-Term Liabilities $20.90M $19.26M $5.304M
YoY Change 222.31% 263.12%
LONG-TERM LIABILITIES
Long-Term Debt $50.12K $54.93K $73.22K
YoY Change -27.14% -24.98%
Other Long-Term Liabilities $1.143M $1.238M $1.965M
YoY Change -35.33% -37.0%
Total Long-Term Liabilities $1.193M $1.293M $2.038M
YoY Change -35.03% -36.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.90M $19.26M $5.304M
Total Long-Term Liabilities $1.193M $1.293M $2.038M
Total Liabilities $22.09M $20.55M $7.342M
YoY Change 165.51% 179.93%
SHAREHOLDERS EQUITY
Retained Earnings -$75.73M -$67.94M
YoY Change 82.5%
Common Stock $198.00 $198.00
YoY Change 54.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $635.0K $7.816M $4.789M
YoY Change
Total Liabilities & Shareholders Equity $22.73M $28.37M $12.13M
YoY Change 55.4% 133.85%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$7.797M -$7.899M -$5.891M
YoY Change -47.24% 34.1% 1863.52%
Depreciation, Depletion And Amortization $188.7K $265.9K $70.70K
YoY Change 125.06% 276.11% 37110.53%
Cash From Operating Activities -$8.827M -$6.601M -$5.010M
YoY Change -18.82% 31.77% 2256.33%
INVESTING ACTIVITIES
Capital Expenditures $179.1K -$103.1K -$185.9K
YoY Change -237.41% -44.55% 965.88%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$179.1K -$103.1K -$185.9K
YoY Change 37.41% -44.55% 965.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $735.0K
YoY Change 6686.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.440K 22.30M 1.836M
YoY Change -100.03% 1114.4% 13.71%
NET CHANGE
Cash From Operating Activities -8.827M -6.601M -5.010M
Cash From Investing Activities -179.1K -103.1K -185.9K
Cash From Financing Activities -4.440K 22.30M 1.836M
Net Change In Cash -9.011M 15.59M -3.360M
YoY Change -409.13% -564.07% -342.67%
FREE CASH FLOW
Cash From Operating Activities -$8.827M -$6.601M -$5.010M
Capital Expenditures $179.1K -$103.1K -$185.9K
Free Cash Flow -$9.006M -$6.498M -$4.824M
YoY Change -16.17% 34.71% 2371.65%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1567568 usd
dei Entity Central Index Key
EntityCentralIndexKey
0001829794
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
VLCN Conversion Of Wefunder Offering To Series A Preferred Stock
ConversionOfWefunderOfferingToSeriesAPreferredStock
usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
usd
VLCN Forfeiture Of Performance Shares
ForfeitureOfPerformanceShares
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-40867
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
25585 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
2021955 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
2209015 usd
dei Entity Address City Or Town
EntityAddressCityOrTown
Round Rock
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
78665
dei Entity Shell Company
EntityShellCompany
false
dei City Area Code
CityAreaCode
(512)
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24376260 shares
CY2022Q3 us-gaap Cash
Cash
19997235 usd
dei Local Phone Number
LocalPhoneNumber
400-4271
dei Security12b Title
Security12bTitle
Common Stock
dei Trading Symbol
TradingSymbol
VLCN
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q4 us-gaap Cash
Cash
5572199 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
551250 usd
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 Registrant Name
EntityRegistrantName
Volcon, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
84-4882689
dei Entity Address Address Line1
EntityAddressAddressLine1
3121 Eagles Nest Street
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 120
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022Q3 VLCN Inventory Deposits
InventoryDeposits
919551 usd
CY2021Q4 VLCN Inventory Deposits
InventoryDeposits
1981397 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
803473 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1092860 usd
CY2022Q3 us-gaap Assets Current
AssetsCurrent
25861032 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
10881057 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
609895 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
809734 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7266 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18053 usd
CY2022Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
294490 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
732810 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1594519 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2182612 usd
CY2022Q3 us-gaap Assets
Assets
28367202 usd
CY2021Q4 us-gaap Assets
Assets
14624265 usd
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
475141 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1454103 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2499448 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
771631 usd
CY2022Q3 VLCN Accrued Purchase Commitments
AccruedPurchaseCommitments
89744 usd
CY2021Q4 VLCN Accrued Purchase Commitments
AccruedPurchaseCommitments
1506976 usd
CY2022Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
15755002 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
17201 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
380871 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
456207 usd
CY2022Q3 us-gaap Customer Deposits Current
CustomerDepositsCurrent
58751 usd
CY2021Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
2277607 usd
CY2022Q3 us-gaap Liabilities Current
LiabilitiesCurrent
19258957 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6483725 usd
CY2022Q3 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
54927 usd
CY2021Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
68785 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1237761 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1767506 usd
CY2022Q3 us-gaap Liabilities
Liabilities
20551645 usd
CY2021Q4 us-gaap Liabilities
Liabilities
8320017 usd
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q3 VLCN Preferred Stock Designated
PreferredStockDesignated
2900000 shares
CY2021Q4 VLCN Preferred Stock Designated
PreferredStockDesignated
2900000 shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24351260 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24351260 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
17309187 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
17309187 shares
CY2022Q3 us-gaap Common Stock Value
CommonStockValue
198 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
128 usd
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
75752873 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
47803643 usd
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-67937514 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-41499522 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
7815557 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
6304249 usd
CY2022Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
28367202 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14624265 usd
CY2022Q3 us-gaap Revenues
Revenues
242710 usd
CY2021Q3 us-gaap Revenues
Revenues
75067 usd
us-gaap Revenues
Revenues
3795065 usd
us-gaap Revenues
Revenues
75067 usd
CY2022Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2012829 usd
CY2021Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1176691 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11549871 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1176691 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
-1770119 usd
CY2021Q3 us-gaap Gross Profit
GrossProfit
-1101624 usd
us-gaap Gross Profit
GrossProfit
-7754806 usd
us-gaap Gross Profit
GrossProfit
-1101624 usd
CY2022Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1282014 usd
CY2021Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1135205 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3942827 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1937745 usd
CY2022Q3 us-gaap Development Costs
DevelopmentCosts
2177347 usd
CY2021Q3 us-gaap Development Costs
DevelopmentCosts
3021207 usd
us-gaap Development Costs
DevelopmentCosts
6775768 usd
us-gaap Development Costs
DevelopmentCosts
7595581 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2085211 usd
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
586494 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7409601 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14634037 usd
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
5544572 usd
CY2021Q3 us-gaap Operating Expenses
OperatingExpenses
4742906 usd
us-gaap Operating Expenses
OperatingExpenses
18128196 usd
us-gaap Operating Expenses
OperatingExpenses
24167363 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-7314691 usd
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-5844530 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-25883002 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-25268987 usd
CY2022Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
33814 usd
CY2021Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3842 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
72800 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-9332 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
618307 usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
42183 usd
us-gaap Interest Expense
InterestExpense
627789 usd
us-gaap Interest Expense
InterestExpense
67521 usd
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-584493 usd
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-46025 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-554989 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-76853 usd
CY2022Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-7899184 usd
CY2021Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-5890555 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-26437991 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-25345840 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-7899184 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-5890555 usd
us-gaap Net Income Loss
NetIncomeLoss
-26437991 usd
us-gaap Net Income Loss
NetIncomeLoss
-25345840 usd
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.95
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.95
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24345221 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2303508 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23454024 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2121129 shares
CY2022Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
24345221 shares
CY2021Q3 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
2303508 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
23454024 shares
us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
2121129 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1141855 usd
VLCN Additional Paid In Capital We Funder Offering
AdditionalPaidInCapitalWeFunderOffering
2205440 usd
VLCN Stock Issued During Period Value New Issues Series A
StockIssuedDuringPeriodValueNewIssuesSeriesA
2464508 usd
VLCN Conversion Of Safe Liability To Series A Preferred Stock
ConversionOfSafeLiabilityToSeriesAPreferredStock
2000000 usd
VLCN Stock Issued During Period Value New Issues Series B
StockIssuedDuringPeriodValueNewIssuesSeriesB
9615331 usd
VLCN Stock Issued During Period Value New Issues With Promissory Notes
StockIssuedDuringPeriodValueNewIssuesWithPromissoryNotes
735000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
14256318 usd
us-gaap Net Income Loss
NetIncomeLoss
-25345840 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
4788904 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
6304249 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18089184 usd
VLCN Stock Issued During Period Value Exercise Of Stock Options And Restricted Shares
StockIssuedDuringPeriodValueExerciseOfStockOptionsAndRestrictedShares
40000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2642139 usd
VLCN Issuance Of Note Warrants And Underwriter Warrants Net Of Issuance Costs
IssuanceOfNoteWarrantsAndUnderwriterWarrantsNetOfIssuanceCosts
7177976 usd
us-gaap Net Income Loss
NetIncomeLoss
-26437991 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
7815557 usd
us-gaap Net Income Loss
NetIncomeLoss
-26437991 usd
us-gaap Net Income Loss
NetIncomeLoss
-25345840 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2642139 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14256318 usd
VLCN Loss On Write Down Of Inventory And Inventory Deposits
LossOnWriteDownOfInventoryAndInventoryDeposits
1650838 usd
VLCN Loss On Write Down Of Inventory And Inventory Deposits
LossOnWriteDownOfInventoryAndInventoryDeposits
0 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-395138 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-0 usd
VLCN Loss On Write Off Of Property Equipment
LossOnWriteOffOfPropertyEquipment
250369 usd
VLCN Loss On Write Off Of Property Equipment
LossOnWriteOffOfPropertyEquipment
145000 usd
VLCN Write Off Of Intangible Assets
WriteOffOfIntangibleAssets
6427 usd
VLCN Write Off Of Intangible Assets
WriteOffOfIntangibleAssets
0 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
614366 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
58312 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
342112 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
252951 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
574117 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
134557 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1541983 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
35663 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1463778 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2328686 usd
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
-1061846 usd
us-gaap Increase Decrease In Inventories And Other Operating Assets
IncreaseDecreaseInInventoriesAndOtherOperatingAssets
2940314 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-289387 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
238525 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
29120 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
698627 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-978962 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1249314 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
293626 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
120322 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-269836 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-194175 usd
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-2218856 usd
us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
2278240 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-24820161 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13286816 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
620290 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
694553 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
-0 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13125 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-620290 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-707678 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
12768 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
8488 usd
VLCN Proceeds From Wefunder Offering Net Of Issuance Costs
ProceedsFromWefunderOfferingNetOfIssuanceCosts
0 usd
VLCN Proceeds From Wefunder Offering Net Of Issuance Costs
ProceedsFromWefunderOfferingNetOfIssuanceCosts
2205440 usd
VLCN Proceeds From Issuance Of Preferred Stock Series A
ProceedsFromIssuanceOfPreferredStockSeriesA
0 usd
VLCN Proceeds From Issuance Of Preferred Stock Series A
ProceedsFromIssuanceOfPreferredStockSeriesA
2464508 usd
VLCN Proceeds From Issuance Of Preferred Stock Series B
ProceedsFromIssuanceOfPreferredStockSeriesB
0 usd
VLCN Proceeds From Issuance Of Preferred Stock Series B
ProceedsFromIssuanceOfPreferredStockSeriesB
9615331 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1910816 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
18089184 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
15122345 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
VLCN Proceeds From Issuance Of Warrants To Convertible Note Holders Net Of Issuance Costs
ProceedsFromIssuanceOfWarrantsToConvertibleNoteHoldersNetOfIssuanceCosts
7177976 usd
VLCN Proceeds From Issuance Of Warrants To Convertible Note Holders Net Of Issuance Costs
ProceedsFromIssuanceOfWarrantsToConvertibleNoteHoldersNetOfIssuanceCosts
0 usd
VLCN Proceeds From Issuance Of Promissory Notes Net Of Issuance Costs
ProceedsFromIssuanceOfPromissoryNotesNetOfIssuanceCosts
0 usd
VLCN Proceeds From Issuance Of Promissory Notes Net Of Issuance Costs
ProceedsFromIssuanceOfPromissoryNotesNetOfIssuanceCosts
1104000 usd
VLCN Proceeds From Issuance Of Preferred Stock Preference Stock And Warrant
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrant
40000 usd
VLCN Proceeds From Issuance Of Preferred Stock Preference Stock And Warrant
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrant
0 usd
VLCN Proceeds From Issuance Of Common Stock With Promissory Notes
ProceedsFromIssuanceOfCommonStockWithPromissoryNotes
0 usd
VLCN Proceeds From Issuance Of Common Stock With Promissory Notes
ProceedsFromIssuanceOfCommonStockWithPromissoryNotes
735000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
40416737 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16115791 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
14976286 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2121297 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5572199 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
536082 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20548485 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2657379 usd
us-gaap Interest Paid Net
InterestPaidNet
4401 usd
us-gaap Interest Paid Net
InterestPaidNet
9209 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
VLCN Recognition Of Initial Right Of Use Asset Operating Lease
RecognitionOfInitialRightOfUseAssetOperatingLease
1128609 usd
VLCN Recognition Of Initial Right Of Use Asset Operating Lease
RecognitionOfInitialRightOfUseAssetOperatingLease
1707466 usd
VLCN Acquisition Of Property And Equipment With Note Payable
AcquisitionOfPropertyAndEquipmentWithNotePayable
0 usd
VLCN Acquisition Of Property And Equipment With Note Payable
AcquisitionOfPropertyAndEquipmentWithNotePayable
30942 usd
VLCN Conversion Of Safe Liability To Series Preferred Stock
ConversionOfSafeLiabilityToSeriesPreferredStock
0 usd
VLCN Conversion Of Safe Liability To Series Preferred Stock
ConversionOfSafeLiabilityToSeriesPreferredStock
2000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_840_eus-gaap--UseOfEstimates_zIfoy3vEOeD9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of any contingent assets and liabilities as of the dates of the financial statements and the reported amounts of expenses during the reporting periods.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Making estimates requires management to exercise judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, actual results could differ significantly from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </p>
CY2022Q3 us-gaap Share Price
SharePrice
2.44
CY2022Q3 us-gaap Cash
Cash
19997235 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
551250 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
1709012 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1822306 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
118186 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
45444 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
194757 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
341265 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
2021955 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
2209015 usd
VLCN Loss On Write Down Of Inventory And Inventory Deposits
LossOnWriteDownOfInventoryAndInventoryDeposits
1650838 usd
VLCN Loss On Write Down Of Inventory And Inventory Deposits
LossOnWriteDownOfInventoryAndInventoryDeposits
0 usd
CY2022Q3 us-gaap Contractual Obligation
ContractualObligation
878511 usd
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2022Q1 VLCN Underwriter Commissions And Expenses
UnderwriterCommissionsAndExpenses
1910816000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
966417 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1001130 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
356522 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
191397 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
609895 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
809734 usd
CY2022Q3 us-gaap Depreciation
Depreciation
265907 usd
us-gaap Depreciation
Depreciation
569757 usd
CY2021Q3 us-gaap Depreciation
Depreciation
57448 usd
us-gaap Depreciation
Depreciation
124726 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
17438 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
30563 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10172 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12510 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
7266 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18053 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1453 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4360 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3741 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9831 usd
CY2021Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
37025 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
111076 usd
CY2022Q3 VLCN Exercise Of Warrants
ExerciseOfWarrants
603864 shares
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
6250 usd
CY2022Q3 VLCN Purchase Of Warrants
PurchaseOfWarrants
9057971 shares
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.85
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5921 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
23685 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
23685 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
17664 usd
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
14654 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
85609 usd
CY2022Q3 VLCN Long Term Debt Interest
LongTermDebtInterest
12390 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
73219 usd
CY2022Q3 us-gaap Notes Payable Current
NotesPayableCurrent
18292 usd
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
54927 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.10 pure
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0999 pure
CY2022Q3 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
3.50
CY2022Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.10 pure
VLCN Aggregate Excess Amount
AggregateExcessAmount
250000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
3316409 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
616730 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
15122345 usd
us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
6561247 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
27173913 usd
CY2022Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.396 pure
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
27173913 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-11437202 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
15736711 usd
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
24637026 usd
CY2022Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
614366 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
614366 usd
CY2022Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
61709 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
61709 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.7981 pure
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0303 pure
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3000000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2987808 shares
VLCN Additional Modification Expenses
AdditionalModificationExpenses
1126250 usd
CY2021 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
2876 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.71 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
1.05 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0077 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0085 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
VLCN Additional Common Stock Options Expenses
AdditionalCommonStockOptionsExpenses
4669160 usd
CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10060058 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5078075 usd
CY2022Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
194215 usd
CY2021Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
46030 usd
CY2022Q3 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
713712 usd
CY2021Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
592276 usd
CY2022Q3 VLCN Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
339913 usd
CY2021Q4 VLCN Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
466980 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
3345451 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2872973 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
240055 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-7899184 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5890555 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26437991 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25345840 usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24345221 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2303508 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23454024 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2121129 shares
CY2022Q3 VLCN Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-0.32
CY2021Q3 VLCN Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-2.55
VLCN Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-1.13
VLCN Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-11.95
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
30720744 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19446067 shares
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
478171 usd
CY2022Q3 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
176949 usd
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
0 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
2229 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
336 usd
CY2022Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
15072632 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9534840 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
14737783 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9076492 usd
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
334849 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
458348 usd
CY2022Q3 VLCN Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
334849 usd
CY2021Q4 VLCN Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
458348 usd
CY2022Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
47905038 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
107534 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
121932 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
406786 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
252951 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
75015 usd
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
61226 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
208009 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
132697 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
us-gaap Variable Lease Cost
VariableLeaseCost
0 usd
CY2022Q3 us-gaap Sublease Income
SubleaseIncome
0 usd
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
us-gaap Sublease Income
SubleaseIncome
0 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
182549 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
183158 usd
us-gaap Lease Cost
LeaseCost
614795 usd
us-gaap Lease Cost
LeaseCost
385648 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
269836 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
194175 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
342112 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
252951 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1594519 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2182612 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
380871 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
456207 usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1237761 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1767506 usd
CY2022Q3 VLCN Operating Lease Liability1
OperatingLeaseLiability1
1618632 usd
CY2021Q4 VLCN Operating Lease Liability1
OperatingLeaseLiability1
2223713 usd
CY2022Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P3Y10M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0667 pure
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
113224 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
458572 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
471638 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
485702 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
340591 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1869727 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
251094 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1618632 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-395138 usd

Files In Submission

Name View Source Status
0001683168-22-007482-index-headers.html Edgar Link pending
0001683168-22-007482-index.html Edgar Link pending
0001683168-22-007482.txt Edgar Link pending
0001683168-22-007482-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json 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
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
R60.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
vlcn-20220930.xsd Edgar Link pending
volcon_ex3101.htm Edgar Link pending
volcon_ex3102.htm Edgar Link pending
volcon_ex3201.htm Edgar Link pending
volcon_ex3202.htm Edgar Link pending
volcon_i10q-093022.htm Edgar Link pending
vlcn-20220930_pre.xml Edgar Link unprocessable
vlcn-20220930_lab.xml Edgar Link unprocessable
vlcn-20220930_def.xml Edgar Link unprocessable
vlcn-20220930_cal.xml Edgar Link unprocessable
volcon_i10q-093022_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable