2020 Q2 Form 10-Q Financial Statement

#000162828020012252 Filed on August 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $91.94K $5.508K $364.2K
YoY Change 1569.24% -96.76% -34.97%
Cost Of Revenue $1.511M $930.2K $1.398M
YoY Change 62.48% -43.97% -18.27%
Gross Profit -$1.419M -$924.7K -$1.033M
YoY Change 53.51% -37.94% -10.14%
Gross Profit Margin -1543.82% -16787.51% -283.77%
Selling, General & Admin $3.949M $1.996M $2.091M
YoY Change 97.84% -33.46% -12.88%
% of Gross Profit
Research & Development $1.617M $1.217M $1.362M
YoY Change 32.86% -35.62% -41.78%
% of Gross Profit
Depreciation & Amortization $200.0K $90.00K $96.69K
YoY Change 122.22% -10.0% 93.37%
% of Gross Profit
Operating Expenses $5.566M $3.213M $3.453M
YoY Change 73.24% -34.3% -27.15%
Operating Profit -$6.985M -$4.137M -$4.487M
YoY Change 68.83% -35.15% -23.83%
Interest Expense $124.3M $15.92M $1.778M
YoY Change 680.94% -1334.32% -435.39%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$131.3M -$20.06M -$6.264M
YoY Change 554.69% 161.54% -2.43%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$131.3M -$20.06M -$6.264M
YoY Change 554.69% 161.54% -2.43%
Net Earnings / Revenue -142842.13% -364201.16% -1720.07%
Basic Earnings Per Share -$1.76 -$0.11
Diluted Earnings Per Share -$1.76 -$331.4K -$0.11
COMMON SHARES
Basic Shares Outstanding 74.70M shares 60.53M shares 55.26M shares
Diluted Shares Outstanding 74.70M shares 60.53M shares 55.26M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.20M $23.50M $2.800M
YoY Change 11.49% 3816.67% 250.0%
Cash & Equivalents $26.20M $23.52M $2.848M
Short-Term Investments
Other Short-Term Assets $4.800M $1.700M $2.000M
YoY Change 182.35% 750.0% 900.0%
Inventory $4.176M $2.200M $2.500M
Prepaid Expenses
Receivables $42.58K $400.0K
Other Receivables $100.0K $0.00
Total Short-Term Assets $35.20M $27.50M $7.800M
YoY Change 28.01% 366.1% 23.81%
LONG-TERM ASSETS
Property, Plant & Equipment $7.082M $8.000M $5.100M
YoY Change -11.47% 48.15% -7.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.10M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $20.25M $8.200M $5.300M
YoY Change 146.97% 43.86% -8.62%
TOTAL ASSETS
Total Short-Term Assets $35.20M $27.50M $7.800M
Total Long-Term Assets $20.25M $8.200M $5.300M
Total Assets $55.45M $35.70M $13.10M
YoY Change 55.33% 207.76% 8.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.062M $2.000M $3.600M
YoY Change 3.09% -66.67% -16.28%
Accrued Expenses $3.018M $4.000M $3.900M
YoY Change -24.54% 90.48% 116.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $5.900M $4.100M
YoY Change -100.0% -6.35% -22.64%
Long-Term Debt Due $627.1K
YoY Change
Total Short-Term Liabilities $105.2M $36.10M $22.70M
YoY Change 191.53% 139.07% 89.17%
LONG-TERM LIABILITIES
Long-Term Debt $783.9K $27.00M $8.400M
YoY Change -97.1% 1488.24% 394.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $783.9K $27.00M $8.400M
YoY Change -97.1% 1488.24% 394.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.2M $36.10M $22.70M
Total Long-Term Liabilities $783.9K $27.00M $8.400M
Total Liabilities $106.0M $63.00M $31.10M
YoY Change 68.29% 275.0% 127.01%
SHAREHOLDERS EQUITY
Retained Earnings -$305.4M
YoY Change
Common Stock $89.33K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$70.48M -$27.37M -$18.00M
YoY Change
Total Liabilities & Shareholders Equity $55.45M $35.70M $13.10M
YoY Change 55.33% 207.76% 8.26%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$131.3M -$20.06M -$6.264M
YoY Change 554.69% 161.54% -2.43%
Depreciation, Depletion And Amortization $200.0K $90.00K $96.69K
YoY Change 122.22% -10.0% 93.37%
Cash From Operating Activities -$9.930M -$6.040M -$5.769M
YoY Change 64.4% 101.33% 25.95%
INVESTING ACTIVITIES
Capital Expenditures -$510.0K -$2.970M $0.00
YoY Change -82.83%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$510.0K -$2.970M $0.00
YoY Change -82.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.82M 29.68M $7.104M
YoY Change -33.22% 952.48% 459.36%
NET CHANGE
Cash From Operating Activities -9.930M -6.040M -$5.769M
Cash From Investing Activities -510.0K -2.970M $0.00
Cash From Financing Activities 19.82M 29.68M $7.104M
Net Change In Cash 9.380M 20.67M $1.335M
YoY Change -54.62% -11583.33% -140.34%
FREE CASH FLOW
Cash From Operating Activities -$9.930M -$6.040M -$5.769M
Capital Expenditures -$510.0K -$2.970M $0.00
Free Cash Flow -$9.420M -$3.070M -$5.769M
YoY Change 206.84% 2.33% 25.95%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Local Phone Number
LocalPhoneNumber
360-4704
dei Entity Central Index Key
EntityCentralIndexKey
0001425287
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2020-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
000-53704
dei Entity Registrant Name
EntityRegistrantName
WORKHORSE GROUP INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
26-1394771
dei Entity Address Address Line1
EntityAddressAddressLine1
100 Commerce Drive
dei Entity Address City Or Town
EntityAddressCityOrTown
Loveland
dei Entity Address State Or Province
EntityAddressStateOrProvince
OH
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
45140
dei City Area Code
CityAreaCode
513
CY2020Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
2061799 USD
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
dei Security12b Title
Security12bTitle
Common Stock, $0.001 par value per share
dei Trading Symbol
TradingSymbol
WKHS
CY2020Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
105134924 shares
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26197831 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23868416 USD
CY2020Q2 us-gaap Restricted Cash
RestrictedCash
0 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
1000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
42577 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7921 USD
CY2020Q2 wkhs Finance Lease Receivable Current
FinanceLeaseReceivableCurrent
33100 USD
CY2019Q4 wkhs Finance Lease Receivable Current
FinanceLeaseReceivableCurrent
33100 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
4176289 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
1798146 USD
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4752206 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4812088 USD
CY2020Q2 us-gaap Assets Current
AssetsCurrent
35202003 USD
CY2019Q4 us-gaap Assets Current
AssetsCurrent
31519671 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7082138 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6830181 USD
CY2020Q2 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
13059700 USD
CY2019Q4 us-gaap Investments And Other Noncurrent Assets
InvestmentsAndOtherNoncurrentAssets
12194800 USD
CY2020Q2 wkhs Finance Lease Receivable Noncurrent
FinanceLeaseReceivableNoncurrent
109869 USD
CY2019Q4 wkhs Finance Lease Receivable Noncurrent
FinanceLeaseReceivableNoncurrent
129177 USD
CY2020Q2 us-gaap Assets
Assets
55453710 USD
CY2019Q4 us-gaap Assets
Assets
50673829 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1678983 USD
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3018415 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3105184 USD
CY2020Q2 wkhs Warranty Liability
WarrantyLiability
4079769 USD
CY2019Q4 wkhs Warranty Liability
WarrantyLiability
6001864 USD
CY2020Q2 wkhs Warrant Liability
WarrantLiability
0 USD
CY2019Q4 wkhs Fair Value Liability For Warrant
FairValueLiabilityForWarrant
16335000 USD
CY2020Q2 wkhs Customer Deposit Current
CustomerDepositCurrent
124000 USD
CY2019Q4 wkhs Customer Deposit Current
CustomerDepositCurrent
303000 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
627111 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2020Q2 wkhs Convertible Debt Current Maturities At Fair Value
ConvertibleDebtCurrentMaturitiesAtFairValue
95330000 USD
CY2019Q4 wkhs Convertible Debt Current Maturities At Fair Value
ConvertibleDebtCurrentMaturitiesAtFairValue
19620000 USD
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
105241094 USD
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
47044031 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
783889 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 USD
CY2020Q2 wkhs Convertible Debt Excluding Current Maturities At Fair Value
ConvertibleDebtExcludingCurrentMaturitiesAtFairValue
0 USD
CY2019Q4 wkhs Convertible Debt Excluding Current Maturities At Fair Value
ConvertibleDebtExcludingCurrentMaturitiesAtFairValue
19400000 USD
CY2020Q2 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
19905522 USD
CY2019Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
19142908 USD
CY2020Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
75000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
75000000 shares
CY2020Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
89330123 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
89330123 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
67105000 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
67105000 shares
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
89330 USD
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
67105 USD
CY2020Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
233715623 USD
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
143826315 USD
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-305381748 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-178806530 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1100000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
0 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-70476795 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-34913110 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
55453710 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50673829 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
91942 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5508 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
176242 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
369690 USD
CY2020Q2 us-gaap Cost Of Revenue
CostOfRevenue
1511360 USD
CY2019Q2 us-gaap Cost Of Revenue
CostOfRevenue
930164 USD
us-gaap Cost Of Revenue
CostOfRevenue
3259335 USD
us-gaap Cost Of Revenue
CostOfRevenue
2327770 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
-1419418 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
-924656 USD
us-gaap Gross Profit
GrossProfit
-3083093 USD
us-gaap Gross Profit
GrossProfit
-1958080 USD
CY2020Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3949081 USD
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1996054 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9514868 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4086944 USD
CY2020Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1616604 USD
CY2019Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1216727 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3518840 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2579002 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
5565685 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
3212781 USD
us-gaap Operating Expenses
OperatingExpenses
13033708 USD
us-gaap Operating Expenses
OperatingExpenses
6665946 USD
CY2020Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
CY2019Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
864900 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-4137437 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6985103 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-15251901 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-15251901 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-8624026 USD
CY2020Q2 us-gaap Interest Expense
InterestExpense
124346806 USD
CY2019Q2 us-gaap Interest Expense
InterestExpense
15922763 USD
us-gaap Interest Expense
InterestExpense
111323317 USD
us-gaap Interest Expense
InterestExpense
17700346 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-131331909 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20060200 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-126575218 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-26324372 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2019Q2 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
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-131331909 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-20060200 USD
us-gaap Net Income Loss
NetIncomeLoss
-126575218 USD
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.76
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.33
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.77
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.44
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
74701343 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60530168 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
71583551 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
60530168 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-131331909 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-20060200 USD
us-gaap Net Income Loss
NetIncomeLoss
-126575218 USD
us-gaap Net Income Loss
NetIncomeLoss
-26324372 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-131331909 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20060200 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-125475218 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-26324372 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-17995810 USD
CY2019Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2928500 USD
CY2019Q2 wkhs Stock Options And Warrants Exercised
StockOptionsAndWarrantsExercised
0 USD
CY2019Q2 wkhs Exchange Offer Warrants Deemed Dividend
ExchangeOfferWarrantsDeemedDividend
0 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
185848 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
857072 USD
CY2019Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
6709961 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-20060200 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
-27374629 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-15422443 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5928235 USD
wkhs Stock Options And Warrants Exercised
StockOptionsAndWarrantsExercised
0 USD
wkhs Exchange Offer Warrants Deemed Dividend
ExchangeOfferWarrantsDeemedDividend
0 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
876918 USD
us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
857072 USD
us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
6709961 USD
us-gaap Net Income Loss
NetIncomeLoss
-26324372 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
-27374629 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
-21996628 USD
CY2020Q2 wkhs Stock Options And Warrants Exercised And Vesting Of Restricted Shares Value
StockOptionsAndWarrantsExercisedAndVestingOfRestrictedSharesValue
46915399 USD
CY2020Q2 wkhs Common Stock Issued For Payment Of Series B Preferred Stock Dividend Amount
CommonStockIssuedForPaymentOfSeriesBPreferredStockDividendAmount
500000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
33541467 USD
CY2020Q2 wkhs Common Stock Dividends Common Stock Issued For Interest Payments On Convertible Notes Value
CommonStockDividendsCommonStockIssuedForInterestPaymentsOnConvertibleNotesValue
724685 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1170191 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-131331909 USD
CY2020Q2 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
0 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-70476795 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-34913110 USD
wkhs Stock Options And Warrants Exercised And Vesting Of Restricted Shares Value
StockOptionsAndWarrantsExercisedAndVestingOfRestrictedSharesValue
47158399 USD
wkhs Common Stock Issued For Payment Of Series B Preferred Stock Dividend Amount
CommonStockIssuedForPaymentOfSeriesBPreferredStockDividendAmount
1000000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
38735019 USD
wkhs Common Stock Dividends Common Stock Issued For Interest Payments On Convertible Notes Value
CommonStockDividendsCommonStockIssuedForInterestPaymentsOnConvertibleNotesValue
988897 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2029218 USD
us-gaap Net Income Loss
NetIncomeLoss
-126575218 USD
us-gaap Net Income Loss
NetIncomeLoss
-126575218 USD
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
1100000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
-70476795 USD
us-gaap Net Income Loss
NetIncomeLoss
-126575218 USD
us-gaap Net Income Loss
NetIncomeLoss
-26324372 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
368372 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
193786 USD
wkhs Tooling Expense
ToolingExpense
353786 USD
wkhs Tooling Expense
ToolingExpense
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
0 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
260103 USD
wkhs Amortization Of Discount On Series Preferred Stock
AmortizationOfDiscountOnSeriesPreferredStock
762614 USD
wkhs Amortization Of Discount On Series Preferred Stock
AmortizationOfDiscountOnSeriesPreferredStock
119471 USD
wkhs Change In Fair Value Convertible Notes
ChangeInFairValueConvertibleNotes
-96145019 USD
wkhs Change In Fair Value Convertible Notes
ChangeInFairValueConvertibleNotes
0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
12176690 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
14910668 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
864900 USD
CY2019Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
0 USD
wkhs Payments For Preferred Stock Dividends Noncash
PaymentsForPreferredStockDividendsNoncash
-1000000 USD
wkhs Payments For Preferred Stock Dividends Noncash
PaymentsForPreferredStockDividendsNoncash
0 USD
wkhs Interest On Convertible Note Paid In Common Stock
InterestOnConvertibleNotePaidInCommonStock
988897 USD
CY2019Q2 wkhs Interest On Convertible Note Paid In Common Stock
InterestOnConvertibleNotePaidInCommonStock
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2029218 USD
us-gaap Share Based Compensation
ShareBasedCompensation
876918 USD
us-gaap Inventory Write Down
InventoryWriteDown
0 USD
CY2019Q2 us-gaap Inventory Write Down
InventoryWriteDown
22221 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
15348 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-24135 USD
wkhs Increase Decreasein Inventory
IncreaseDecreaseinInventory
2378143 USD
wkhs Increase Decreasein Inventory
IncreaseDecreaseinInventory
-313712 USD
wkhs Increase Decrease In Prepaid Deferred Expenses And Other Assets1
IncreaseDecreaseInPrepaidDeferredExpensesAndOtherAssets1
-59882 USD
wkhs Increase Decrease In Prepaid Deferred Expenses And Other Assets1
IncreaseDecreaseInPrepaidDeferredExpensesAndOtherAssets1
-554276 USD
wkhs Increase Decrease In Accounts Payable And Accrued Liabilities1
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities1
296047 USD
wkhs Increase Decrease In Accounts Payable And Accrued Liabilities1
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities1
-2228966 USD
wkhs Increase Decrease In Warranty
IncreaseDecreaseInWarranty
1922095 USD
wkhs Increase Decrease In Warranty
IncreaseDecreaseInWarranty
485209 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-179000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-47000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17754179 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-11810257 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
974115 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2965372 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-974115 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2965372 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
1411000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
5854140 USD
wkhs Proceeds From Issuance Of Series B Preferred Stock
ProceedsFromIssuanceOfSeriesBPreferredStock
0 USD
wkhs Proceeds From Issuance Of Series B Preferred Stock
ProceedsFromIssuanceOfSeriesBPreferredStock
25000000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
5928235 USD
wkhs Exercise Of Warrants And Options
ExerciseOfWarrantsAndOptions
18646709 USD
wkhs Exercise Of Warrants And Options
ExerciseOfWarrantsAndOptions
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20057709 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
36782375 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1329415 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22006746 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24868416 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1512750 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26197831 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23519496 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
38735019 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
4176289 USD
CY2020Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
5412613 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
3741097 USD
CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
927351 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
422176 USD
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
0 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
0 USD
CY2020Q2 us-gaap Inventory Gross
InventoryGross
6339964 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
4163273 USD
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2163675 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2365127 USD
wkhs Anti Dilution Feature Additional Shares Received Value
AntiDilutionFeatureAdditionalSharesReceivedValue
900000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
1798146 USD
CY2020Q2 wkhs Anti Dilution Feature Additional Shares Received Shares
AntiDilutionFeatureAdditionalSharesReceivedShares
0 shares
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
91942 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5508 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
176242 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
369690 USD
CY2020Q2 wkhs Paycheck Protection Program Term Note Cares Act
PaycheckProtectionProgramTermNoteCARESAct
1411000 USD
CY2019Q4 wkhs Paycheck Protection Program Term Note Cares Act
PaycheckProtectionProgramTermNoteCARESAct
0 USD
wkhs Class Of Warrant Or Right Additional Warrant Issuance Percentage Of Additional Equity Issuances
ClassOfWarrantOrRightAdditionalWarrantIssuancePercentageOfAdditionalEquityIssuances
0.10
CY2020Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
wkhs Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Percentage Of Issuance Price
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsPercentageOfIssuancePrice
1.10
wkhs Fair Value Measurement With Unobservable Inputs Reconciliation Change In Fair Value
FairValueMeasurementWithUnobservableInputsReconciliationChangeInFairValue
12200000 USD
CY2020Q2 wkhs Warrant Liability
WarrantLiability
0 USD
CY2019Q4 wkhs Warrant Liability
WarrantLiability
16300000 USD
CY2019Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P7Y
CY2020Q2 wkhs Common Stock Issued For Payment Of Series B Preferred Stock Dividend
CommonStockIssuedForPaymentOfSeriesBPreferredStockDividend
308642 shares
wkhs Common Stock Issued For Payment Of Series B Preferred Stock Dividend
CommonStockIssuedForPaymentOfSeriesBPreferredStockDividend
617284 shares
CY2020Q2 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
400000 USD
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
800000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1170191 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
185848 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2029218 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
876918 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-131331909 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-20060200 USD
us-gaap Net Income Loss
NetIncomeLoss
-126575218 USD
us-gaap Net Income Loss
NetIncomeLoss
-26324372 USD
CY2020Q2 us-gaap Dividends
Dividends
0 USD
CY2019Q2 us-gaap Dividends
Dividends
86207 USD
us-gaap Dividends
Dividends
0 USD
us-gaap Dividends
Dividends
86207 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-131331909 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20146407 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-126575218 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26410579 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74701343 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60530168 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71583551 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60530168 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74701343 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60530168 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
71583551 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60530168 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24294118 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33315619 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24294118 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
33315619 shares

Files In Submission

Name View Source Status
0001628280-20-012252-index-headers.html Edgar Link pending
0001628280-20-012252-index.html Edgar Link pending
0001628280-20-012252.txt Edgar Link pending
0001628280-20-012252-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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
R5.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
wkhs-20200630.htm Edgar Link pending
wkhs-20200630.xsd Edgar Link pending
wkhs-20200630xexx311.htm Edgar Link pending
wkhs-20200630xexx312.htm Edgar Link pending
wkhs-20200630xexx321.htm Edgar Link pending
wkhs-20200630xexx322.htm Edgar Link pending
wkhs-20200630_cal.xml Edgar Link unprocessable
wkhs-20200630_def.xml Edgar Link unprocessable
wkhs-20200630_htm.xml Edgar Link completed
wkhs-20200630_lab.xml Edgar Link unprocessable
wkhs-20200630_pre.xml Edgar Link unprocessable