Workhorse Group Inc
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
WKHS$3.32+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets F-
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $25,845,915 | $99,276,301 |
| Restricted cash | 10,000,000 | — |
| Accounts receivable, less allowance for credit losses of $0.2 million and zero at December 31, 2023 and 2022, respectively | 4,470,209 | 2,079,343 |
| Other receivable | — | 15,000,000 |
| Inventory, net | 45,408,192 | 8,850,142 |
| Prepaid expenses and other current assets | 8,101,162 | 14,152,481 |
| Total current assets | 93,825,478 | 139,358,267 |
| Property, plant and equipment, net | 37,876,955 | 21,501,095 |
| Investment in Tropos | — | 10,000,000 |
| Lease right-of-use assets | 9,795,981 | 11,706,803 |
| Other assets | 176,310 | 176,310 |
| Total Assets | $141,674,724 | $182,742,475 |
| Liabilities | ||
| Current liabilities: | ||
| Accounts payable | $12,456,272 | $10,235,345 |
| Accrued liabilities and other | 4,862,740 | 46,207,431 |
| Deferred revenue, current | 4,714,331 | 3,375,000 |
| Warranty liability | 1,902,647 | 2,207,674 |
| Current portion of lease liability | 3,560,612 | 1,285,032 |
| Warrant liability | 5,605,325 | — |
| Current portion of convertible notes | 20,180,100 | — |
| Total current liabilities | 53,282,027 | 63,310,482 |
| Deferred revenue, long-term | — | 2,005,000 |
| Lease liability, long-term | 5,280,526 | 8,840,062 |
| Total Liabilities | 58,562,553 | 74,155,544 |
| Commitments and contingencies | ||
| Stockholders’ Equity | ||
| Series A preferred stock, par value of $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding at December 31, 2023 and 2022 | — | — |
| Common stock, par value of $0.001 per share, 450,000,000 and 250,000,000 shares authorized, 285,980,843 and 165,605,355 shares issued and outstanding at December 31, 2023 and 2022, respectively | 285,981 | 165,605 |
| Additional paid-in capital | 834,394,441 | 736,070,388 |
| Accumulated deficit | (751,568,251) | (627,649,062) |
| Total stockholders' equity | 83,112,171 | 108,586,931 |
| Total Liabilities and Stockholders' Equity | $141,674,724 | $182,742,475 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.