The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -7,827,902 | -35,425,098 |
| Depreciation and amortization | 1,784,832 | 3,801,443 |
| Stock-based compensation | 428,740 | 1,140,072 |
| Change in inventory and prepaid purchases reserve | -2,767,890 | -4,595,365 |
| Non-cash lease expense | 544,436 | 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 | -2,867,042 | -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 | -6,838,103 | 2,633,068 |
| Non-cash payment of convertible notes | 1,667,826 | -2,049,038 |
| Original issuance discount - non-cash fees on convertible notes | -1 | 4,812,500 |
| Other non-cash items | -910,863 | - |
| Accounts receivable | 102,901 | 1,834,120 |
| Inventory, net | -1,715,640 | -5,610,038 |
| Prepaid expenses and other current assets | 171,335 | -1,039,330 |
| Other assets | 2 | 239,998 |
| Accounts payable and accrued liabilities | -3,670,523 | 1,812,586 |
| Deferred revenue | -196,331 | -302,000 |
| Warranty liability | 57,515 | 290,205 |
| Net cash used in operating activities | -10,987,149 | -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 | 0 | 33,687,500 |
| Proceeds from motive convertible note | 5,000,000 | - |
| Payments on convertible notes | 0 | 0 |
| Proceeds from issuance of common stock | 0 | 406,963 |
| Payments on finance lease | 0 | 0 |
| Exercise of options and restricted share award activity | -124 | 7,073 |
| Net cash provided by financing activities | 4,999,876 | 34,101,536 |
| Change in cash and cash equivalents and restricted cash | 13,482,582 | 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)