2023 Q1 Form 10-K Financial Statement

#000181949323000066 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $4.697M $8.571M $36.38M
YoY Change -33.2% 159.57% 620.6%
Cost Of Revenue $5.574M $16.55M $66.41M
YoY Change -45.28% 188.51% 796.15%
Gross Profit -$877.0K -$7.975M -$30.03M
YoY Change -72.2% 227.78% 1171.34%
Gross Profit Margin -18.67% -93.05% -82.55%
Selling, General & Admin $13.40M $11.76M $50.64M
YoY Change 49.3% 12.67% 64.87%
% of Gross Profit
Research & Development $5.749M $6.186M $30.68M
YoY Change -49.22% -53.17% 52.81%
% of Gross Profit
Depreciation & Amortization $1.000M $872.0K $2.100M
YoY Change 233.33% 707.41% 185.33%
% of Gross Profit
Operating Expenses $19.15M $17.94M $81.32M
YoY Change -5.65% -22.04% 60.1%
Operating Profit -$20.03M -$25.92M -$111.3M
YoY Change -14.6% 1.84% 109.48%
Interest Expense -$2.997M $5.059M $14.18M
YoY Change 548.7% -59.8% -23.48%
% of Operating Profit
Other Income/Expense, Net -$4.151M $1.178M -$4.835M
YoY Change -5224.69% -95.15% -12823.68%
Pretax Income -$24.33M -$19.68M -$73.32M
YoY Change 14.85% -272.03% -413.28%
Income Tax $2.000K $5.000K $8.000K
% Of Pretax Income
Net Earnings -$24.33M -$19.69M -$73.33M
YoY Change 14.84% -272.1% -413.34%
Net Earnings / Revenue -518.01% -229.69% -201.58%
Basic Earnings Per Share -$0.14 -$0.44
Diluted Earnings Per Share -$0.14 -$0.12 -$0.44
COMMON SHARES
Basic Shares Outstanding 169.0M shares 168.0M shares 165.3M shares
Diluted Shares Outstanding 168.8M shares 174.4M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.02M $86.28M $86.28M
YoY Change -37.01% -22.16% -24.06%
Cash & Equivalents $36.49M $35.63M $35.63M
Short-Term Investments $27.53M $50.65M $50.65M
Other Short-Term Assets $7.344M $11.14M $11.14M
YoY Change -57.8% -38.43% -38.43%
Inventory $57.01M $57.54M $57.54M
Prepaid Expenses
Receivables $6.970M $8.238M $8.238M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $136.5M $163.2M $163.2M
YoY Change -19.43% -1.66% -1.66%
LONG-TERM ASSETS
Property, Plant & Equipment $23.92M $25.14M $25.14M
YoY Change 32.78% 238.49% 238.49%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $1.821M $1.599M $1.599M
YoY Change 259.88% 216.01% 216.01%
Total Long-Term Assets $25.75M $26.74M $26.74M
YoY Change -44.74% -57.39% -57.39%
TOTAL ASSETS
Total Short-Term Assets $136.5M $163.2M $163.2M
Total Long-Term Assets $25.75M $26.74M $26.74M
Total Assets $162.2M $189.9M $189.9M
YoY Change -24.89% -16.95% -16.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.533M $2.896M $2.896M
YoY Change -55.51% -71.39% -71.39%
Accrued Expenses $7.232M $7.782M $9.312M
YoY Change 604.87% 80.85% 132.97%
Deferred Revenue $764.0K $721.0K
YoY Change -90.59% -19.8%
Short-Term Debt $2.824M $2.065M $0.00
YoY Change
Long-Term Debt Due $21.76M $26.85M $26.85M
YoY Change 4314.4% 5470.33% 5470.33%
Total Short-Term Liabilities $40.83M $45.77M $45.77M
YoY Change 106.25% 186.34% 186.34%
LONG-TERM LIABILITIES
Long-Term Debt $23.44M $30.87M $30.87M
YoY Change 1420.23% 1836.64% 1836.64%
Other Long-Term Liabilities $10.47M $11.00M $1.225M
YoY Change -74.61% -70.06% -96.67%
Total Long-Term Liabilities $10.47M $11.00M $32.10M
YoY Change -75.52% -71.3% -16.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.83M $45.77M $45.77M
Total Long-Term Liabilities $10.47M $11.00M $32.10M
Total Liabilities $72.46M $77.86M $77.86M
YoY Change 15.83% 43.36% 43.36%
SHAREHOLDERS EQUITY
Retained Earnings -$101.7M -$77.42M
YoY Change 302.5% 1791.47%
Common Stock $17.00K $17.00K
YoY Change 6.25% 6.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $89.75M $112.1M $112.1M
YoY Change
Total Liabilities & Shareholders Equity $162.2M $189.9M $189.9M
YoY Change -24.89% -16.95% -16.95%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$24.33M -$19.69M -$73.33M
YoY Change 14.84% -272.1% -413.34%
Depreciation, Depletion And Amortization $1.000M $872.0K $2.100M
YoY Change 233.33% 707.41% 185.33%
Cash From Operating Activities -$15.33M -$22.36M -$128.0M
YoY Change -51.04% -37.46% 43.95%
INVESTING ACTIVITIES
Capital Expenditures $253.0K $2.215M $14.11M
YoY Change -91.56% -240.9% 187.14%
Acquisitions
YoY Change
Other Investing Activities $23.07M $9.410M $96.82M
YoY Change -23.5% -106.26% -164.45%
Cash From Investing Activities $22.81M $7.195M $82.71M
YoY Change -15.99% -104.74% -153.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.310M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$9.672M 4.373M $64.75M
YoY Change 5243.65% -770.71% -74.39%
NET CHANGE
Cash From Operating Activities -$15.33M -22.36M -$128.0M
Cash From Investing Activities $22.81M 7.195M $82.71M
Cash From Financing Activities -$9.672M 4.373M $64.75M
Net Change In Cash -$2.186M -10.80M $19.50M
YoY Change -49.54% -94.26% 121.15%
FREE CASH FLOW
Cash From Operating Activities -$15.33M -$22.36M -$128.0M
Capital Expenditures $253.0K $2.215M $14.11M
Free Cash Flow -$15.58M -$24.58M -$142.1M
YoY Change -54.58% -28.11% 51.45%

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AmortizationOfFinancingCostsAndDiscounts
2577000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 usd
CY2022 xos Amortization Of Insurance Premiums
AmortizationOfInsurancePremiums
1338000 usd
CY2021 xos Amortization Of Insurance Premiums
AmortizationOfInsurancePremiums
0 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
5661000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
1004000 usd
CY2022 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
14184000 usd
CY2021 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
18498000 usd
CY2022 xos Derivative Instrument Change In Amount Of Contingent Consideration Liability
DerivativeInstrumentChangeInAmountOfContingentConsiderationLiability
-28682000 usd
CY2021 xos Derivative Instrument Change In Amount Of Contingent Consideration Liability
DerivativeInstrumentChangeInAmountOfContingentConsiderationLiability
-72505000 usd
CY2022 xos Write Off Of Shares Subscribed But Unissued Subscriptions Receivable
WriteOffOfSharesSubscribedButUnissuedSubscriptionsReceivable
0 usd
CY2021 xos Write Off Of Shares Subscribed But Unissued Subscriptions Receivable
WriteOffOfSharesSubscribedButUnissuedSubscriptionsReceivable
379000 usd
CY2022 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
0 usd
CY2021 us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
-14104000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
-147000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
1000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
5222000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1658000 usd
CY2022 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1368000 usd
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-364000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4942000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2973000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
31285000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
29969000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6413000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17794000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1093000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
506000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7268000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
9009000 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
6462000 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2696000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-127960000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-88895000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14113000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4915000 usd
CY2022 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
0 usd
CY2021 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
152651000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
96823000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
2423000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
82710000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-155143000 usd
CY2022 xos Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
0 usd
CY2021 xos Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
20721000 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
196000000 usd
CY2022 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Redeemable Convertible Preferred Stock
ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock
31757000 usd
CY2022 xos Proceeds From Collection Of Temporary Equity Subscription Receivable
ProceedsFromCollectionOfTemporaryEquitySubscriptionReceivable
0 usd
CY2021 xos Proceeds From Collection Of Temporary Equity Subscription Receivable
ProceedsFromCollectionOfTemporaryEquitySubscriptionReceivable
2430000 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2715000 usd
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
54300000 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
403000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
3627000 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1562000 usd
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 usd
CY2022 xos Proceeds From Equipment Financing Financing Activities
ProceedsFromEquipmentFinancingFinancingActivities
6312000 usd
CY2021 xos Proceeds From Equipment Financing Financing Activities
ProceedsFromEquipmentFinancingFinancingActivities
0 usd
CY2022 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
1392000 usd
CY2021 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
444000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
449000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
335000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4310000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
64749000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
252855000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19499000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8817000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19176000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10359000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38675000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19176000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35631000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16142000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3044000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3034000 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3034000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38675000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19176000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
42000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
CY2022Q1 xos Operating Lease Right Of Use Asset And Operating Lease Liability
OperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
7682000 usd
CY2021Q4 xos Operating Lease Right Of Use Asset And Operating Lease Liability
OperatingLeaseRightOfUseAssetAndOperatingLeaseLiability
0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
437000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 xos Conversion Of Interest Payable On Convertible Debentures
ConversionOfInterestPayableOnConvertibleDebentures
122000 usd
CY2021 xos Conversion Of Interest Payable On Convertible Debentures
ConversionOfInterestPayableOnConvertibleDebentures
0 usd
CY2022 xos Conversion Of Convertible Debentures To Common Stock
ConversionOfConvertibleDebenturesToCommonStock
2000000 usd
CY2021 xos Conversion Of Convertible Debentures To Common Stock
ConversionOfConvertibleDebenturesToCommonStock
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021 us-gaap Stock Issued1
StockIssued1
2453000 usd
CY2022 xos Fair Value Adjustment Of Related Party Debt At Conversion
FairValueAdjustmentOfRelatedPartyDebtAtConversion
0 usd
CY2021 xos Fair Value Adjustment Of Related Party Debt At Conversion
FairValueAdjustmentOfRelatedPartyDebtAtConversion
3763000 usd
CY2022 xos Debt Conversion Converted Instrument Interest Payable Amount
DebtConversionConvertedInstrumentInterestPayableAmount
0 usd
CY2021 xos Debt Conversion Converted Instrument Interest Payable Amount
DebtConversionConvertedInstrumentInterestPayableAmount
34918000 usd
CY2022 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
0 usd
CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
21540000 usd
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
CY2021 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
79708000 usd
CY2022 xos Assumption Of Public And Private Warrants
AssumptionOfPublicAndPrivateWarrants
0 usd
CY2021 xos Assumption Of Public And Private Warrants
AssumptionOfPublicAndPrivateWarrants
17891000 usd
CY2022 xos Recognition Of Earn Out Shares Liability
RecognitionOfEarnOutSharesLiability
0 usd
CY2021 xos Recognition Of Earn Out Shares Liability
RecognitionOfEarnOutSharesLiability
101744000 usd
CY2022 xos Transaction Costs Relating To Reverse Merger Offset Against Additional Paid In Capital
TransactionCostsRelatingToReverseMergerOffsetAgainstAdditionalPaidInCapital
0 usd
CY2021 xos Transaction Costs Relating To Reverse Merger Offset Against Additional Paid In Capital
TransactionCostsRelatingToReverseMergerOffsetAgainstAdditionalPaidInCapital
55424000 usd
CY2021Q3 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
216700000 usd
CY2022Q4 us-gaap Investments And Cash
InvestmentsAndCash
86300000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheet date, as well as reported amounts of revenues and expenses during the reporting periods. The areas with significant estimates and judgments include, among others, inventory valuation, incremental borrowing rates for assessing operating and financing lease liabilities, useful lives of property and equipment, contingent earn-out shares liability, stock-based compensation, valuation of convertible debt and related embedded derivatives, common stock warrant liability and product warranty liability. Management bases its estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates, and such differences could be material to the Company’s financial statements.
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Certain prior p</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">eriod balances have been reclassified to conform to the current period presentation in the consolidated financial statements and the accompanying notes, including (i) presenting equipment leases as part of other current and non-current liabilities and (ii) classification of amounts comprising p</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">repaid expenses and other current assets</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> as well as other current liabilities as included in </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline"><a href="#idc6f318c3e4945f2ab910fdff8ee81d6_118" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%;text-decoration:underline">Note 5 — Selected Balance Sheet Data</a></span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. Additionally, the Company reclassified depreciation expense to general and administrative expense</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. These reclassifications have no effect on previously reported total assets, total liabilities or net loss.</span>
CY2021 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
0 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
177000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
0 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
1300000 usd
CY2020Q4 xos Simple Agreement For Future Equity Notes Payable Current
SimpleAgreementForFutureEquityNotesPayableCurrent
30000 usd
CY2020Q4 xos Simple Agreement For Future Equity Notes Payable Current
SimpleAgreementForFutureEquityNotesPayableCurrent
30000 usd
CY2020Q4 xos Safe Note Percentage Of Price Per Share In Calculation For Conversion Into Temporary Equity
SAFENotePercentageOfPricePerShareInCalculationForConversionIntoTemporaryEquity
0.80
CY2021Q1 xos Proceeds From The Conversion Of Safe Notes
ProceedsFromTheConversionOfSAFENotes
620000 usd
CY2021Q1 xos Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
76471 shares
CY2021 us-gaap Advertising Expense
AdvertisingExpense
400000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. As of December 31, 2022 and 2021, the Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such accounts.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">During the year ended December 31, 2022, one customer accounted for 42% of the Company’s revenues</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. During the year ended December 31, 2021, three customers accounted for 10%, 38%, and 46% </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">of the Company’s revenues</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">. As of December 31, 2022, two customers accounted for 22% and 12% of the Company’s accounts receivable. As of December 31, 2021, two customers accounted for 53% and 38% of the Company’s accounts receivable.</span></div>
CY2022 xos Defined Contribution Plan Auto Enrollment Contributions Per Employee Percent
DefinedContributionPlanAutoEnrollmentContributionsPerEmployeePercent
0.03
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
50600000 usd
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
149500000 usd
CY2022 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
1715000 usd
CY2021 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
161000 usd
CY2022 us-gaap Revenues
Revenues
36376000 usd
CY2021 us-gaap Revenues
Revenues
5048000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
5700000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
1000000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
40271000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
19323000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
4618000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
10659000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
12651000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
901000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
57540000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
30883000 usd
CY2022Q4 xos Prepaid Inventory
PrepaidInventory
2372000 usd
CY2021Q4 xos Prepaid Inventory
PrepaidInventory
7303000 usd
CY2022Q4 us-gaap Prepaid Insurance
PrepaidInsurance
1589000 usd
CY2021Q4 us-gaap Prepaid Insurance
PrepaidInsurance
5916000 usd
CY2022Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
2289000 usd
CY2021Q4 us-gaap Financing Receivable Unamortized Purchase Premium Discount
FinancingReceivableUnamortizedPurchasePremiumDiscount
0 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
0 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
2783000 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
1850000 usd
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
1848000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8100000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17850000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7782000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4303000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
721000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
899000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
1099000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
177000 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
303000 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
482000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
2065000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1530000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2116000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
0 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
15616000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5861000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
784000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
0 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
942000 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
1594000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5174000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1861000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2552000 usd
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability To Be Paid Year One
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityToBePaidYearOne
4413000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1907000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2467000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4100000 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11000000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1594000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6555000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
7979000 usd
CY2022Q4 xos Operating Lease Right Of Use Asset And Finance Lease Right Of Use Asset After Accumulated Amortization
OperatingLeaseRightOfUseAssetAndFinanceLeaseRightOfUseAssetAfterAccumulatedAmortization
14534000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1530000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2116000 usd
CY2022Q4 xos Operating Lease Liability Current And Finance Lease Liability Current
OperatingLeaseLiabilityCurrentAndFinanceLeaseLiabilityCurrent
3646000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
5174000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
4100000 usd
CY2022Q4 xos Operating Lease Liability Noncurrent And Finance Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrentAndFinanceLeaseLiabilityNoncurrent
9274000 usd
CY2022Q4 xos Operating Lease Liability And Finance Lease Liability
OperatingLeaseLiabilityAndFinanceLeaseLiability
12920000 usd
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2022 us-gaap Lease Cost
LeaseCost
2500000 usd
CY2021 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
800000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
300000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
848000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
222000 usd
CY2022 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
428000 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
52000 usd
CY2022 xos Finance Lease Right Of Use Asset Amortization And Finance Lease Interest Payment On Liability
FinanceLeaseRightOfUseAssetAmortizationAndFinanceLeaseInterestPaymentOnLiability
1276000 usd
CY2021 xos Finance Lease Right Of Use Asset Amortization And Finance Lease Interest Payment On Liability
FinanceLeaseRightOfUseAssetAmortizationAndFinanceLeaseInterestPaymentOnLiability
274000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1734000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
437000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.069
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability To Be Paid Year Two
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityToBePaidYearTwo
4374000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1962000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
6116000 usd
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
2077000 usd
CY2021Q4 xos Operating Leases And Capital Leases Future Minimum Payments Due
OperatingLeasesAndCapitalLeasesFutureMinimumPaymentsDue
8193000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1362000 usd
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability To Be Paid Year Three
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityToBePaidYearThree
3324000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1631000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
498000 usd
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability To Be Paid Year Four
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityToBePaidYearFour
2129000 usd
CY2022Q4 xos Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
114000 usd
CY2022Q4 xos Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
157000 usd
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityToBePaidAfterYearFour
271000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7475000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
7036000 usd
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability Payment Due
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityPaymentDue
14511000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
771000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
820000 usd
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiabilityUndiscountedExcessAmount
1591000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
6704000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
6216000 usd
CY2022Q4 xos Lessee Operating Lease Liability And Finance Lease Liability
LesseeOperatingLeaseLiabilityAndFinanceLeaseLiability
12920000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1167000 usd
CY2021Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
482000 usd
CY2021Q4 xos Operating Leases Future Minimum Payments Remainder Of Fiscal Year And Capital Lease Obligations Current
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYearAndCapitalLeaseObligationsCurrent
1649000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1158000 usd
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
442000 usd
CY2021Q4 xos Operating Leases And Capital Leases Future Minimum Payments Due In Two Years
OperatingLeasesAndCapitalLeasesFutureMinimumPaymentsDueInTwoYears
1600000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1192000 usd
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
386000 usd
CY2021Q4 xos Operating Leases And Capital Leases Future Minimum Payments Due In Three Years
OperatingLeasesAndCapitalLeasesFutureMinimumPaymentsDueInThreeYears
1578000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1228000 usd
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
401000 usd
CY2021Q4 xos Operating Leases And Capital Leases Future Minimum Payments Due In Four Years
OperatingLeasesAndCapitalLeasesFutureMinimumPaymentsDueInFourYears
1629000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1265000 usd
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
339000 usd
CY2021Q4 xos Operating Leases And Capital Leases Future Minimum Payments Due In Five Years
OperatingLeasesAndCapitalLeasesFutureMinimumPaymentsDueInFiveYears
1604000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
106000 usd
CY2021Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
27000 usd
CY2021Q4 xos Operating Leases And Capital Leases Future Minimum Payments Due Thereafter
OperatingLeasesAndCapitalLeasesFutureMinimumPaymentsDueThereafter
133000 usd
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q3 xos Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.956440
CY2021Q3 xos Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
142584621 shares
CY2021Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
19600000 shares
CY2021Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2021Q3 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
196000000 usd
CY2021Q3 xos Sale Of Stock Consideration Not Funded
SaleOfStockConsiderationNotFunded
4000000 usd
CY2021Q3 xos Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
44200000 usd
CY2021Q3 xos Derivative Instrument Contingent Consideration Liability
DerivativeInstrumentContingentConsiderationLiability
101700000 usd
CY2021Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
17900000 usd
CY2021 xos Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
76145000 usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
196000000 usd
CY2021 xos Payments Of Reverse Recapitalization Underwriters Fees
PaymentsOfReverseRecapitalizationUnderwritersFees
24285000 usd
CY2021 xos Payments Of Reverse Recapitalization Other Transaction Costs
PaymentsOfReverseRecapitalizationOtherTransactionCosts
31139000 usd
CY2021 xos Reverse Recapitalization Net
ReverseRecapitalizationNet
216721000 usd
CY2021 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
19600000 shares
CY2021 xos Stock Issued During Period Shares Reverse Recapitalization
StockIssuedDuringPeriodSharesReverseRecapitalization
162184621 shares
CY2021Q3 xos Derivative Instrument Contingent Consideration Liability Shares
DerivativeInstrumentContingentConsiderationLiabilityShares
16200000 shares
CY2021Q3 xos Derivative Instrument Contingent Consideration Liability Fair Value Disclosure
DerivativeInstrumentContingentConsiderationLiabilityFairValueDisclosure
101700000 usd
CY2022Q4 xos Derivative Instrument Contingent Consideration Liability
DerivativeInstrumentContingentConsiderationLiability
600000 usd
CY2021Q4 xos Derivative Instrument Contingent Consideration Liability
DerivativeInstrumentContingentConsiderationLiability
29200000 usd
CY2022 xos Derivative Instrument Change In Amount Of Contingent Consideration Liability
DerivativeInstrumentChangeInAmountOfContingentConsiderationLiability
-28700000 usd
CY2021 xos Derivative Instrument Change In Amount Of Contingent Consideration Liability
DerivativeInstrumentChangeInAmountOfContingentConsiderationLiability
-72500000 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
35000000 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
20000000 usd
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
15000000 usd
CY2022Q3 xos Temporary Equity Stock Issued During Period Value Conversion Of Convertible Securities
TemporaryEquityStockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2000000 usd
CY2022Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P30D
CY2022 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.10
CY2022 xos Convertible Debt Remaining Percent
ConvertibleDebtRemainingPercent
0.075
CY2022 us-gaap Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
2.4733
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.97
CY2022Q4 xos Class Of Warrant Or Right Share Price Redemption Trigger
ClassOfWarrantOrRightSharePriceRedemptionTrigger
0.50
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
400000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2000000 usd
CY2022Q3 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
20000000 usd
CY2022Q4 xos Debt Instrument Additional Issuance Of Convertible Of Debt
DebtInstrumentAdditionalIssuanceOfConvertibleOfDebt
20000000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.100
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P10D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P10D
CY2022Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
2.3817
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P10D
CY2022Q3 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
20000000 usd
CY2020Q4 xos Simple Agreement For Future Equity Notes Payable Current
SimpleAgreementForFutureEquityNotesPayableCurrent
30000 usd
CY2020Q4 xos Safe Note Price Per Share In Calculation For Conversion Into Temporary Equity
SAFENotePricePerShareInCalculationForConversionIntoTemporaryEquity
30 usd
CY2020Q4 xos Safe Note Percentage Of Price Per Share In Calculation For Conversion Into Temporary Equity
SAFENotePercentageOfPricePerShareInCalculationForConversionIntoTemporaryEquity
0.80
CY2021Q1 xos Proceeds From The Conversion Of Safe Notes
ProceedsFromTheConversionOfSAFENotes
600000 usd
CY2020Q4 xos Simple Agreement For Future Equity Notes Payable Current
SimpleAgreementForFutureEquityNotesPayableCurrent
30000 usd
CY2021Q1 xos Temporary Equity Stock Issued During Period Shares New Issues
TemporaryEquityStockIssuedDuringPeriodSharesNewIssues
76471 shares
CY2022Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
51387000 usd
CY2022 xos Debt Securities Available For Sale Unrealized Gain Current
DebtSecuritiesAvailableForSaleUnrealizedGainCurrent
0 usd
CY2022 xos Debt Securities Available For Sale Unrealized Loss Current
DebtSecuritiesAvailableForSaleUnrealizedLossCurrent
739000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
50648000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Current
DebtSecuritiesAvailableForSaleAmortizedCostCurrent
94782000 usd
CY2021 xos Debt Securities Available For Sale Unrealized Gain Current
DebtSecuritiesAvailableForSaleUnrealizedGainCurrent
1000 usd
CY2021 xos Debt Securities Available For Sale Unrealized Loss Current
DebtSecuritiesAvailableForSaleUnrealizedLossCurrent
87000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
94696000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Amortized Cost Noncurrent
DebtSecuritiesAvailableForSaleAmortizedCostNoncurrent
55111000 usd
CY2021 xos Debt Securities Available For Sale Unrealized Gain Noncurrent
DebtSecuritiesAvailableForSaleUnrealizedGainNoncurrent
0 usd
CY2021 xos Debt Securities Available For Sale Unrealized Loss Noncurrent
DebtSecuritiesAvailableForSaleUnrealizedLossNoncurrent
295000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
54816000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1789000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
48859000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
737000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
50648000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
739000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
149512000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
381000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
149512000 usd
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
381000 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
0 usd
CY2022 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
147000 usd
CY2021 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
1000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
51387000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
50648000 usd
CY2022 xos Debt Securities Available For Sale Maturity Allocated And Single Maturity Date Weighted Average Contractual Maturity Period
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateWeightedAverageContractualMaturityPeriod
P0Y3M18D
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
94782000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
94696000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
55111000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
54816000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
149893000 usd
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
149512000 usd
CY2021 xos Debt Securities Available For Sale Maturity Allocated And Single Maturity Date Weighted Average Contractual Maturity Period
DebtSecuritiesAvailableForSaleMaturityAllocatedAndSingleMaturityDateWeightedAverageContractualMaturityPeriod
P0Y9M18D
CY2022Q4 xos Capital Stock Shares Authorized
CapitalStockSharesAuthorized
1010000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q4 xos Common Stock Voting Rights Number Of Votes
CommonStockVotingRightsNumberOfVotes
1 vote
CY2022 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1809515 shares
CY2022 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
4300000 usd
CY2022 xos Sale Of Stock Remaining Commitment Amount Available
SaleOfStockRemainingCommitmentAmountAvailable
120700000 usd
CY2022 xos Class Of Warrant Or Right Fair Market Value Threshold Consecutive Trading Days Ending On Third Trading Day Prior To Notice Of Redemption
ClassOfWarrantOrRightFairMarketValueThresholdConsecutiveTradingDaysEndingOnThirdTradingDayPriorToNoticeOfRedemption
P10D
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
319411 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
8.50
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2021Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2700000 usd
CY2022Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
0 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1572451 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1838759 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.02
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.02
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y2M19D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5756797 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
144712 shares
CY2022 xos Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
0.04
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.03
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
121596 shares
CY2022 xos Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedInPeriodWeightedAverageGrantDateFairValue
0.03
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.03
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1572451 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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