| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Other assets | NaN | NaN | 2 | 239,998 |
| Accounts payable and accrued liabilities | NaN | NaN | -3,670,523 | 1,812,586 |
| Original issuance discount - non-cash fees on convertible notes | NaN | NaN | -1 | 4,812,500 |
| Deferred revenue | NaN | NaN | -196,331 | -302,000 |
| Warranty liability | NaN | NaN | 57,515 | 290,205 |
| Net loss | -19,882,000 | -20,833,000 | -7,827,902 | -35,425,098 |
| Change in fair value and gain on conversion of 2026 notes and warrants | NaN | NaN | NaN | 0 |
| Non-cash change in fair value of warrants | NaN | NaN | -6,838,103 | 2,633,068 |
| Depreciation and amortization | 2,015,000 | -4,351,275 | 1,784,832 | 3,801,443 |
| Non-cash payment of convertible notes | NaN | NaN | 1,667,826 | -2,049,038 |
| Amortization of debt issuance cost | NaN | 0 | NaN | NaN |
| Allowance for credit losses | -140,000 | 21,000 | NaN | NaN |
| Change in inventory and prepaid purchases reserve | NaN | NaN | -2,767,890 | -4,595,365 |
| Excess and obsolete inventory | 66,000 | 2,265,000 | NaN | NaN |
| Non-cash lease expense | 797,000 | -191,919 | 544,436 | 440,483 |
| Other income | NaN | NaN | 4,795,250 | NaN |
| Warranty provision | 1,800,000 | 2,144,000 | NaN | NaN |
| Change in fair value and gain on conversion of 2026 notes and 2023 warrants-Warrant | NaN | NaN | 0 | NaN |
| Stock-based compensation | 0 | -890,812 | 428,740 | 1,140,072 |
| Non-cash interest expense and change in fair value of convertible notes | -250,000 | 7,764,029 | -2,867,042 | -4,913,987 |
| Non-cash change in fair value of stock rights | 4,735,000 | NaN | NaN | NaN |
| Impairment loss on discontinued product line investment | NaN | 0 | NaN | NaN |
| Non-cash conversion of stock rights | 3,032,000 | NaN | NaN | NaN |
| Other non-cash items | NaN | NaN | -910,863 | NaN |
| Non-cash mark-to-market change of share rights | NaN | 1,038,000 | NaN | NaN |
| Loss on disposal of assets | -23,000 | -14,037,791 | 13,805,791 | NaN |
| Accounts receivable | -642,000 | -1,990,021 | 102,901 | 1,834,120 |
| Inventory, net | -1,727,000 | 2,476,678 | -1,715,640 | -5,610,038 |
| Prepaid expenses and other current assets | 1,146,000 | -310,005 | 171,335 | -1,039,330 |
| Accounts payable | 171,000 | 2,047,000 | NaN | NaN |
| Accrued liabilities and other long-term liabilities | -968,000 | 14,691,000 | NaN | NaN |
| Operating lease liability | -167,000 | -632,000 | NaN | NaN |
| Net cash used in operating activities | -16,515,000 | -10,538,538 | -10,987,149 | -14,027,313 |
| Proceeds from sale of assets | NaN | NaN | 19,469,855 | NaN |
| Capital expenditures | 125,000 | 603,000 | 0 | 0 |
| Merger transaction | NaN | -10,430,000 | NaN | NaN |
| Net cash used in investing activities | -125,000 | -9,642,855 | 19,469,855 | 0 |
| Proceeds from convertible notes | NaN | NaN | 0 | 33,687,500 |
| Proceeds from motive convertible note | NaN | NaN | 5,000,000 | NaN |
| Proceeds from secured promissory note - related party | 0 | 22,000,000 | NaN | NaN |
| Payments on convertible notes | NaN | NaN | 0 | 0 |
| Proceeds from cash flow credit agreement | NaN | 10,000,000 | NaN | NaN |
| Proceeds from issuance of common stock | NaN | NaN | 0 | 406,963 |
| Payments for capital lease obligation | NaN | 0 | NaN | NaN |
| Payments on finance lease | NaN | NaN | 0 | 0 |
| Proceeds from exercise of stock options | NaN | 17,000 | NaN | NaN |
| Exercise of options and restricted share award activity | NaN | NaN | -124 | 7,073 |
| Proceeds from preferred stock issuance | NaN | 0 | NaN | NaN |
| Proceeds from customer order credit agreement - related party | 5,000,000 | NaN | NaN | NaN |
| Net cash provided by financing activities | 5,000,000 | -7,084,412 | 4,999,876 | 34,101,536 |
| Change in cash and cash equivalents and restricted cash | -11,640,000 | -27,265,805 | 13,482,582 | 20,074,223 |
| Cash and cash equivalents and restricted cash, beginning of the period | 12,920,000 | 38,201,743 | 4,644,938 | NaN |
| Cash and cash equivalents and restricted cash, end of the period | 1,280,000 | 12,920,000 | 38,201,743 | NaN |
Workhorse Group Inc. (WKHS)
Workhorse Group Inc. (WKHS)