The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -64,086 |
| Depreciation and amortization | 1,235 |
| Amortization of debt issuance cost | 0 |
| Excess and obsolete inventory | 2,265 |
| Impairment loss on discontinued product line investment | 0 |
| Loss on disposal of assets | -232 |
| Warranty provision | 2,144 |
| Stock-based compensation | 678 |
| Allowance for credit losses | 21 |
| Non-cash lease expense | 793 |
| Non-cash interest expense for convertible debt | -17 |
| Non-cash mark-to-market change of share rights | 1,038 |
| Accounts receivable | -53 |
| Inventory, net | -4,849 |
| Prepaid expenses and other current assets | -1,178 |
| Accounts payable | 2,047 |
| Accrued liabilities and other long-term liabilities | 14,691 |
| Operating lease liability | -632 |
| Net cash used in operating activities | -35,553 |
| Capital expenditures | 603 |
| Merger transaction | -10,430 |
| Net cash provided by (used in) investing activities | 9,827 |
| Proceeds from short-term senior secured promissory notes - related party | 22,000 |
| Proceeds from cash flow credit agreement | 10,000 |
| Payments for capital lease obligation | 0 |
| Proceeds from exercise of stock options | 17 |
| Proceeds from preferred stock issuance | 0 |
| Net cash provided by financing activities | 32,017 |
| Change in cash and cash equivalents | 6,291 |
| Cash and cash equivalents, beginning of the year | 6,629 |
| Cash and cash equivalents, end of the year | 12,920 |
Workhorse Group Inc. (WKHS)
Workhorse Group Inc. (WKHS)