Workhorse Group Inc
For the period ended Mar 31, 2024. Filed May 20, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 20, 2024
WKHS$3.42+3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’ Equity
Condensed Consolidated Statements of Stockholders’ Equity
| Common Stock · AdditionalPaid-inCapital · AccumulatedDeficit · Accumulated Other Comprehensive Loss · TotalStockholders’Equity | |||||||
|---|---|---|---|---|---|---|---|
| Numberof Shares · Amount | |||||||
| Balance as of December 31, 2023 | 285,980,843 | $285,981 | $834,394,441 | $(751,568,251) | $— | $83,112,171 | |
| Common stock issued under ATM | 9,808,891 | 9,809 | 1,232,840 | — | — | 1,242,649 | |
| Common stock issued under 2023 Warrant Exchange | 8,500,000 | 8,500 | 2,839,000 | — | — | 2,847,500 | |
| Issuance of common stock under ELOC Purchase Agreement | 12,000,000 | 12,000 | 3,112,000 | 3,124,000 | |||
| Common stock issued under 2024 Securities Purchase Agreement | 13,279,491 | 13,279 | 3,255,168 | — | — | 3,268,447 | |
| Stock options and vesting of restricted shares* | 1,222,755 | 1,223 | (164,739) | — | — | (163,516) | |
| Stock-based compensation | — | — | 3,148,308 | — | — | 3,148,308 | |
| Net loss for the three months ended March 31, 2024 | — | — | — | (29,155,787) | — | (29,155,787) | |
| Balance as of March 31, 2024 | 330,791,980 | $330,792 | $847,817,018 | $(780,724,038) | $— | $67,423,772 | |
| Common Stock · AdditionalPaid-inCapital · AccumulatedDeficit · Accumulated Other Comprehensive Loss · TotalStockholders’Equity | ||||||
|---|---|---|---|---|---|---|
| Numberof Shares · Amount | ||||||
| Balance as of December 31, 2022 | 165,605,355 | $165,605 | $736,070,388 | $(627,649,062) | $— | $108,586,931 |
| Issuance of common stock | 14,384,776 | 14,384 | 18,577,804 | — | — | 18,592,188 |
| Stock options and vesting of restricted shares* | 590,567 | 591 | (384,514) | — | — | (383,923) |
| Stock-based compensation | — | — | 3,024,389 | — | — | 3,024,389 |
| Net loss for the three months ended March 31, 2023 | — | — | — | (24,999,037) | — | (24,999,037) |
| Balance as of March 31, 2023 | 180,580,698 | $180,580 | $757,288,067 | $(652,648,099) | $— | $104,820,548 |
*Net of tax payments related to shares withheld for option exercises and vested stock.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.