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Midas Edge

FARADAY FUTURE INTELLIGENT ELECTRIC INC

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

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About 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.

Jun 30, 2024 · Filed Aug 14, 2024

FFAI$0.25-9.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Statements of Stockholders’ Equity

Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity
Class A · Class B
Shares · Amount · Shares · Amount
Balance as of December 31, 202342,433,025$4266,670$—$4,180,869$5,862$(3,958,499)$228,236
Conversion of notes payable and accrued interest into Class A Common Stock (Note 7)398,819,33540——75,786——75,826
Reverse stock split related round up share issuances12,266———————
Stock-based compensation————658——658
Foreign currency translation adjustment—————864—864
Net loss——————(156,902)(156,902)
Balance as of June 30, 2024441,264,626$44266,670$—$4,257,313$6,726$(4,115,401)$148,682
Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity
Class A · Class B
Shares · Amount · Shares · Amount
Balance as of March 31, 20233,495,303$—266,670$—$3,924,555$2,950$(3,671,728)$255,777
Conversion of notes payable and accrued interest into Class A Common Stock (Note 7)2,431,875———144,928——144,928
Reclassification of earnout shares from equity to liability on April 21, 2023 due to insufficient authorized shares (Note 11)————(2,112)——(2,112)
Reclassification of stock-based awards from equity to liability on April 21, 2023 due to insufficient authorized shares (Note 11)————(2,979)——(2,979)
Stock-based compensation————993——993
Issuance of shares for RSU vesting net of tax withholdings6,154———————
Cancellations(1,031)———(101)——(101)
Foreign currency translation adjustment—————6,122—6,122
Net loss——————(124,928)(124,928)
Balance as of June 30, 20235,932,301$—266,670$—$4,065,284$9,072$(3,796,656)$277,700
Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders’ Equity
Class A · Class B
Shares · Amount · Shares · Amount
Balance as of December 31, 2022 (as restated)2,347,276$—266,670$—$3,724,242$3,505$(3,526,755)$200,992
Conversion of notes payable and accrued interest into Class A Common Stock (Note 7)3,363,291———283,108——283,108
Change in classification of warrants from Additional paid-in capital to liability pursuant to the Warrant Exchange (Note 7)————(6,811)——(6,811)
Reclassification of February 28, 2023 earnout shares liability to equity due to authorized share increase (Note 11)————5,014——5,014
Reclassification of February 28, 2023 stock-based awards liability to equity due to authorized share increase (Note 11)————8,978——8,978
Reclassification of earnout shares from equity to liability on April 21, 2023 due to insufficient authorized shares (Note 11)————(2,112)——(2,112)
Reclassification of stock-based awards from equity to liability on April 21, 2023 due to insufficient authorized shares (Note 11)————(2,979)——(2,979)
Stock-based compensation————4,624——4,624
Exercise of warrants213,037———51,276——51,276
Exercise of stock options207———44——44
Issuance of shares for RSU vesting net of tax withholdings9,521———(100)——(100)
Foreign currency translation adjustment————5,567—5,567
Net loss—————(269,901)(269,901)
Balance as of June 30, 20235,932,301$—266,670$—$4,065,284$9,072$(3,796,656)$277,700
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.