| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income (loss) | |||||||||
-37,162 | -36,502 | -41,216 | -19,555 | -9,426 | -6,608 | -6,110 | -4,272 | -8,705 | -5,028 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||
Depreciation | |||||||||
388 | 348 | 549 | 381 | 371 | 388 | 319 | 63 | 58 | 40 |
Interest expense on convertible debentures | |||||||||
- | - | - | - | - | 13 | 52 | 106 | - | - |
Legal, consulting and investment services | |||||||||
- | - | - | - | - | 931 | 1,106 | 773 | - | - |
Amortization of discount and debt issuance costs on long-term debt | |||||||||
3,518 | 4,598 | - | - | - | - | 0 | 91 | - | - |
Amortization of discount on mandatory redeemable Series B preferred stock | |||||||||
-852 | 0 | - | - | - | - | - | - | - | - |
Change in fair value of Convertible Note and loss on conversion to common stock | |||||||||
-1,064 | 0 | - | - | - | - | - | - | - | - |
Change in fair value of warrant liability | |||||||||
-15,369 | 2,683 | - | - | - | - | - | - | - | - |
Dividends for mandatorily redeemable Series B preferred stock paid in common stock | |||||||||
-1,166 | 0 | - | - | - | - | - | - | - | - |
Loss on sale of assets | |||||||||
- | - | - | - | - | - | 0 | -14 | -7 | -8 |
Stock-based compensation | |||||||||
1,979 | 1,059 | 1,433 | 799 | 402 | 414 | 1,392 | 338 | 2,002 | 1,436 |
Interest expense paid in kind | |||||||||
- | - | - | - | - | 225 | 0 | - | - | - |
Write down of inventory | |||||||||
694 | 2,488 | 0 | 78 | 313 | - | - | - | - | - |
Gain on divestiture | |||||||||
3,655 | 0 | - | - | - | - | - | - | - | - |
Investment received from license of intellectual property | |||||||||
12,194 | 0 | - | - | - | - | - | - | - | - |
Loss on sale of fixed assets | |||||||||
-19 | -28 | - | - | - | - | - | - | - | - |
Inventory reserve | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Effects of changes in operating assets and liabilities: | |||||||||
Legal fees | |||||||||
- | - | - | - | - | - | - | - | - | 87 |
Accounts and lease receivable | |||||||||
-76 | -1,024 | 223 | 1,047 | 0 | - | - | -5 | -53 | 58 |
Inventory | |||||||||
-41 | 399 | 2,157 | 2,464 | 0 | - | -48 | -80 | 122 | - |
Prepaid expenses and deposits | |||||||||
4,367 | 1,328 | 196 | -622 | 803 | 30 | 30 | -38 | 41 | -3 |
Accounts payable and accrued liabilities | |||||||||
-3,502 | 2,399 | - | - | - | - | - | - | - | - |
Warranty liability | |||||||||
1,056 | -6,916 | - | - | - | - | - | - | - | - |
Accounts payable and accrued liabilities | |||||||||
- | - | 3,140 | 2,449 | 907 | 460 | 293 | 399 | 915 | 131 |
Accounts payable, related parties | |||||||||
0 | -54 | -46 | -298 | 14 | -83 | 78 | 124 | 5 | 144 |
Customer deposits | |||||||||
-103 | 351 | - | - | - | - | - | - | - | - |
Customer deposits | |||||||||
- | - | 54 | 0 | - | -177 | 117 | 35 | -52 | -18 |
Net cash used by operations | |||||||||
- | - | - | - | -8,220 | -4,466 | -2,732 | -2,201 | -5,878 | -3,251 |
Cash paid in acquisition of Workhorse Custom Chasis, LLC | |||||||||
- | - | - | - | - | - | 2,750 | - | - | - |
Net cash used in operating activities | |||||||||
-36,871 | -21,754 | -38,662 | -19,034 | - | - | - | - | - | - |
Cash flows from investing activities: | |||||||||
Capital expenditures | |||||||||
2,005 | 23 | 143 | 528 | 65 | 23 | 0 | 28 | 156 | 41 |
Net proceeds received on divestiture | |||||||||
3,655 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of fixed assets | |||||||||
5 | 4 | - | - | - | - | 0 | 6 | - | 15 |
Net cash used in investing activities | |||||||||
1,654 | -18 | -143 | -528 | - | - | - | - | - | - |
Cash flows from financing activities: | |||||||||
Proceeds from notes payable | |||||||||
5,854 | 0 | 4,762 | 0 | 12,242 | 1,243 | 0 | 0 | - | 100 |
Net cash provided by (used in) investing activities | |||||||||
- | - | - | - | -65 | -23 | -2,750 | -22 | -156 | -26 |
Payments on notes payable | |||||||||
5,854 | 5,750 | - | - | - | - | 0 | 0 | - | 150 |
Proceeds from issuance of mandatory redeemable Series B preferred stock | |||||||||
25,000 | 0 | - | - | - | - | - | - | - | - |
Cash overdraft | |||||||||
- | - | - | - | - | - | - | - | - | -2 |
Proceeds from issuance of Convertible Note | |||||||||
38,950 | 0 | 0 | -2,724 | - | - | 0 | 1,939 | - | - |
(Repayment) proceeds, Duke financing obligation | |||||||||
-1,340 | 1,340 | - | - | - | - | - | - | - | - |
Proceeds from long-term debt | |||||||||
0 | 17,800 | - | - | - | - | - | - | - | - |
Shareholder advances, net of repayments | |||||||||
- | - | 0 | 118 | 111 | -285 | 1,376 | 246 | 269 | - |
Issuance of common stock | |||||||||
5,928 | 16,418 | 37,042 | 0 | 3,171 | 4,293 | 4,285 | 0 | 5,427 | 3,717 |
Exercise of warrants and options | |||||||||
35 | 90 | 650 | 14,961 | 0 | - | - | - | - | - |
Net cash provided by financing activities | |||||||||
- | - | - | - | 15,520 | 4,924 | 5,449 | 2,174 | 5,739 | 3,662 |
Net cash provided by financing activities | |||||||||
58,572 | 19,215 | 42,405 | 12,354 | - | - | - | - | - | - |
Change in cash, cash equivalents and restricted cash | |||||||||
23,355 | -2,556 | - | - | - | - | - | - | - | - |
Supplemental Cash Flow Information [Abstract] | |||||||||
Interest paid | |||||||||
7,193 | 1,128 | - | - | - | - | - | - | - | - |
Change in cash and cash equivalents | |||||||||
- | - | 3,599 | -7,207 | 7,234 | 435 | -32 | -49 | -295 | 385 |
Cash and cash equivalents at inception, February 20, 2007 | |||||||||
- | - | - | - | - | - | - | - | 0 | 0 |
Cash and cash equivalents at December 31, 2010 | |||||||||
- | - | - | - | - | - | - | - | 385 | 0 |
Proceeds from advances | |||||||||
- | - | 26 | 0 | - | - | - | - | - | - |
Proceeds from long-term debt | |||||||||
- | - | - | - | - | - | 0 | 0 | 50 | - |
Payments on long-term debt | |||||||||
10,000 | 9,891 | 76 | 0 | 5 | 326 | 211 | 10 | 6 | 1 |
Loan issuance costs | |||||||||
0 | 792 | - | - | - | - | - | - | - | - |
Conversion of accounts payable | |||||||||
- | 298 | - | - | - | - | - | - | - | - |
Marathon | |||||||||
Warrants to purchase common stock | |||||||||
- | 965 | - | - | - | - | - | - | - | - |
Arosa | |||||||||
Warrants to purchase common stock | |||||||||
3,540 | - | - | - | - | - | - | - | - | - |