ECD Automotive Design, Inc. (ECDA)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Revenue, net | 7,015,892 | 6,421,371 | 6,440,049 | 8,872,003 |
| Cost of goods sold (exclusive of depreciation expense shown below) | 5,627,448 | 4,656,799 | 4,432,509 | 6,054,705 |
| Gross profit | 1,388,444 | 1,764,572 | 2,007,540 | 2,817,298 |
| Provision for credit losses | 20,213 | 9,295 | - | - |
| Advertising and marketing expenses | 281,503 | 290,879 | 258,138 | 271,063 |
| General and administrative expenses | 3,674,492 | 3,393,542 | 2,363,570 | 2,284,998 |
| Depreciation and amortization expenses | 25,757 | 25,364 | 27,263 | 143,728 |
| Total operating expenses | 4,001,965 | 3,719,080 | 2,648,971 | 2,699,789 |
| Loss from operations | -2,613,521 | -1,954,508 | -641,431 | 117,509 |
| Gain on forgiveness of payable | - | - | 319,899 | - |
| Change in fair value of conversion option liabilities | - | - | 124,752 | - |
| Resale commissions income | - | 44,920 | - | - |
| Change in fair value of conversion option liabilities | - | -272,479 | - | - |
| Other income (expense), net | -117,902 | -139,321 | -286,048 | 103,865 |
| Interest expense | 2,105,348 | 1,856,979 | 1,401,829 | 1,151,548 |
| Foreign exchange loss | -15,338 | 6,509 | -1,534 | -5,607 |
| Change in fair value of warrant liabilities | -42,744 | -476,583 | 118,336 | - |
| Resale commissions income | 16,680 | - | - | - |
| Gain on conversion of debt to preferred stock | 433,881 | - | - | - |
| Change in fair value of conversion option liabilities | -88,510 | - | - | - |
| Total other expense, net | -1,656,773 | -1,195,809 | -1,612,600 | -1,053,290 |
| Loss before income taxes | -4,270,294 | -3,150,317 | -2,254,031 | -935,781 |
| Income tax benefit (expense) | - | -400,000 | 315,487 | -9,712 |
| Net loss | -4,270,294 | -2,750,317 | -2,569,518 | -926,069 |
| Net income (loss) per common share, basic (in dollars per share) | -0.11 | -0.08 | -0.08 | -0.03 |
| Net income (loss) per common share, diluted (in dollars per share) | -0.11 | -0.08 | -0.08 | -0.03 |
| Weighted average number of common shares outstanding, basic (in shares) | 37,222,427 | 35,341,529 | 33,902,379 | - |
| Weighted average number of common shares outstanding, diluted (in shares) | 37,222,427 | 35,341,529 | 33,902,379 | 31,976,585 |