For the quarter ending 2025-09-30, WKHS has $116,735,292 in assets. $84,665,066 in debts. $12,726,147 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 12,726,147 | 2,190,820 | ||
| Restricted cash | 25,475,596 | 22,528,341 | ||
| Accounts receivable, less allowance for credit losses of 0.2 million and 0.3 million as of september30, 2025 and december 31, 2024, respectively | 1,151,976 | 2,372,701 | ||
| Other receivables, net | 1,460,100 | 136,474 | ||
| Inventory, net | 29,999,387 | 32,757,831 | ||
| Prepaid expenses and other current assets | 2,148,595 | 3,702,346 | ||
| Total current assets | 72,961,801 | 63,688,513 | ||
| Property, plant and equipment, net | 21,120,568 | 29,145,327 | ||
| Operating lease right-of-use assets, net | 22,236,613 | 6,003,964 | ||
| Finance lease right-of-use assets, net | 0 | 0 | ||
| Other assets | 416,310 | 416,308 | ||
| Total assets | 116,735,292 | 99,254,112 | ||
| Accounts payable | 11,225,948 | 10,823,073 | ||
| Accrued liabilities and other current liabilities | 7,127,368 | 11,200,767 | ||
| Deferred revenue | 1,057,000 | 6,048,581 | ||
| Warranty liability | 1,209,129 | 1,151,614 | ||
| Operating lease liability - current portion | 2,707,209 | 1,593,131 | ||
| Finance lease liability - current portion | 0 | 0 | ||
| Warrant liability at fair value | 9,983,695 | 3,145,592 | ||
| Convertible notes at fair value | 27,119,114 | 39,520,020 | ||
| Total current liabilities | 60,429,463 | 73,482,778 | ||
| Convertible note at fair value - long-term | 5,148,000 | - | ||
| Operating lease liability - long-term | 19,087,603 | 3,424,595 | ||
| Financing lease liability - long-term | 0 | 0 | ||
| Total liabilities | 84,665,066 | 76,907,373 | ||
| Common stock, par value 0.001 per share, 36,000,000 shares authorized, 10,585,800 shares issued and outstanding as of september30, 2025 and 3,843,336 shares issued and outstanding as of december 31, 2024 | 21,276 | 10,586 | ||
| Additional paid-in capital | 928,660,494 | 911,119,795 | ||
| Accumulated deficit | -896,611,544 | -888,783,642 | ||
| Total stockholders equity | 32,070,226 | 22,346,739 | ||
| Total liabilities and stockholders equity | 116,735,292 | 99,254,112 | ||
Workhorse Group Inc. (WKHS)
Workhorse Group Inc. (WKHS)