| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -43,253,000 | -35,425,098 |
| Depreciation and amortization | 5,586,275 | 3,801,443 |
| Stock-based compensation | 1,568,812 | 1,140,072 |
| Change in inventory and prepaid purchases reserve | -7,363,255 | -4,595,365 |
| Non-cash lease expense | 984,919 | 440,483 |
| Gain on sale of assets | 13,805,791 | - |
| Other income | 4,795,250 | - |
| Change in fair value and gain on conversion of 2026 notes and 2023 warrants-Warrant | 0 | - |
| Non-cash change in fair value of convertible notes | -7,781,029 | -4,913,987 |
| Change in fair value and gain on conversion of 2026 notes and warrants | - | 0 |
| Non-cash change in fair value of warrants | -4,205,035 | 2,633,068 |
| Non-cash payment of convertible notes | -381,212 | -2,049,038 |
| Original issuance discount - non-cash fees on convertible notes | 4,812,499 | 4,812,500 |
| Other non-cash items | -910,863 | - |
| Accounts receivable | 1,937,021 | 1,834,120 |
| Inventory, net | -7,325,678 | -5,610,038 |
| Prepaid expenses and other current assets | -867,995 | -1,039,330 |
| Other assets | 240,000 | 239,998 |
| Accounts payable and accrued liabilities | -1,857,937 | 1,812,586 |
| Deferred revenue | -498,331 | -302,000 |
| Warranty liability | 347,720 | 290,205 |
| Net cash used in operating activities | -25,014,462 | -14,027,313 |
| Proceeds from sale of assets | 19,469,855 | - |
| Capital expenditures | 0 | 0 |
| Net cash provided by (used in) investing activities | 19,469,855 | 0 |
| Proceeds from convertible notes | 33,687,500 | 33,687,500 |
| Proceeds from motive convertible note | 5,000,000 | - |
| Payments on convertible notes | 0 | 0 |
| Proceeds from issuance of common stock | 406,963 | 406,963 |
| Payments on finance lease | 0 | 0 |
| Exercise of options and restricted share award activity | 6,949 | 7,073 |
| Net cash provided by financing activities | 39,101,412 | 34,101,536 |
| Change in cash and cash equivalents and restricted cash | 33,556,805 | 20,074,223 |
| Cash and cash equivalents at beginning of period | 4,644,938 | - |
| Cash and cash equivalents at end of period | 38,201,743 | - |
Workhorse Group Inc. (WKHS)
Workhorse Group Inc. (WKHS)