Ayro (AYRO) 10-K 23 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 22, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-34643
Entity Registrant Name	AYRO, INC.
Entity Central Index Key	0001086745
Entity Tax Identification Number	98-0204758
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	900 E. Old Settlers Boulevard
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Round Rock
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78664
City Area Code	(512)
Local Phone Number	994-4917
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	AYRO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float				$ 30,220,995
Entity Common Stock, Shares Outstanding			37,352,203
Documents Incorporated by Reference [Text Block]	Portions of the definitive Proxy Statement of AYRO, Inc., relating to the Annual Meeting of Stockholders to be filed within 120 days after the end of the fiscal year covered by this Form 10-K, are incorporated into Part III of this Form 10-K by reference.
ICFR Auditor Attestation Flag	false
Auditor Firm ID	688	711
Auditor Name	Marcum LLP	Friedman LLP
Auditor Location	East Hanover, New Jersey	East Hanover, New Jersey

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 39,096,562	$ 69,160,466
Marketable securities	9,848,804
Accounts receivable, net	510,071	969,429
Inventory	970,381	3,744,037
Prepaid expenses and other current assets	1,478,845	2,276,178
Total current assets	51,904,663	76,150,110
Property and equipment, net	2,192,337	835,160
Operating lease – right-of-use asset	819,401	1,012,884
Deposits and other assets	73,683	129,610
Total assets	54,990,084	78,127,764
Current liabilities:
Accounts payable	1,107,215	647,050
Accrued expenses	964,937	2,990,513
Current portion lease obligation – operating lease	165,767	206,426
Total current liabilities	2,237,919	3,843,989
Lease obligation - operating lease, net of current portion	693,776	859,543
Total liabilities	2,931,695	4,703,532
Commitments and contingencies
Stockholders’ equity:
Preferred stock, value
Common Stock, ($0.0001 par value; authorized – 100,000,000 shares; issued and outstanding – 37,241,642 and 36,866,956 as of December 31, 2022 and 2021, respectively)	3,724	3,687
Additional paid-in capital	133,224,249	131,654,776
Accumulated deficit	(81,169,584)	(58,234,231)
Total stockholders’ equity	52,058,389	73,424,232
Total liabilities and stockholders’ equity	54,990,084	78,127,764
Convertible Preferred Stock Series H [Member]
Stockholders’ equity:
Preferred stock, value
Convertible Preferred Stock Series H-3 [Member]
Stockholders’ equity:
Preferred stock, value
Convertible Preferred Stock Series H-6 [Member]
Stockholders’ equity:
Preferred stock, value

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Preferred stock, shares authorized	20,000,000	20,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	37,241,642	36,866,956
Common stock, shares outstanding	37,241,642	36,866,956
Convertible Preferred Stock Series H [Member]
Preferred stock, shares authorized	8,500	8,500
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	8	8
Preferred stock, shares outstanding	8	8
Convertible Preferred Stock Series H-3 [Member]
Preferred stock, shares authorized	8,461	8,461
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	1,234	1,234
Preferred stock, shares outstanding	1,234	1,234
Convertible Preferred Stock Series H-6 [Member]
Preferred stock, shares authorized	50,000	50,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	50	50
Preferred stock, shares outstanding	50	50

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 2,990,497	$ 2,683,597
Cost of goods sold	6,043,506	4,774,784
Gross loss	(3,053,009)	(2,091,187)
Operating expenses:
Research and development	6,845,451	11,449,617
Sales and marketing	1,874,658	2,419,168
General and administrative	11,503,788	17,168,898
Total operating expenses	20,223,897	31,037,683
Loss from operations	(23,276,906)	(33,128,870)
Other income (expense):
Interest income	182,276	51,768
Interest expense		(2,312)
Realized gain on marketable securities	160,990
Unrealized loss on marketable securities	(1,713)
Total other income (expense), net	341,553	49,456
Net loss prior to provision for income taxes	(22,935,353)	(33,079,414)
Provision for income taxes
Net loss	$ (22,935,353)	$ (33,079,414)
Net loss per share, basic and diluted	$ (0.62)	$ (0.94)
Basic and diluted weighted average Common Stock outstanding	37,048,975	35,171,935

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Series H Preferred Stock [Member] Preferred Stock [Member]	Series H-3 Preferred Stock [Member] Preferred Stock [Member]	Series H-6 Preferred Stock [Member] Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance at Dec. 31, 2020				$ 2,709	$ 64,509,724	$ (25,154,817)	$ 39,357,616
Beginning balance, shares at Dec. 31, 2020	8	1,234	50	27,088,584
Issuance of common stock for services				$ 2	42,298		42,300
Issuance of common stock for services, shares				15,000
Sale of common stock, net of fees				$ 804	58,269,025		58,269,829
Sale of common stock, net of fees, shares				8,035,835
Exercise of warrants, net of fees				$ 1	99,999		100,000
Exercise of Warrants net , shares				13,642
Exercise of stock options				$ 55	1,506,944		1,506,999
Exercise of stock options, shares				555,004
Stock based compensation					7,226,902		7,226,902
Vested Restricted Stock				$ 116	(116)
Vested restricted stock , shares				1,158,891
Net Loss						(33,079,414)	(33,079,414)
Ending balance, at Dec. 31, 2021				$ 3,687	131,654,776	(58,234,231)	73,424,232
Ending balance, shares at Dec. 31, 2021	8	1,234	50	36,866,956
Exercise of stock options, shares
Stock based compensation					65,291		65,291
Vested Restricted Stock				$ 37	1,504,182		1,504,219
Vested restricted stock , shares				374,686
Net Loss						(22,935,353)	(22,935,353)
Ending balance, at Dec. 31, 2022				$ 3,724	$ 133,224,249	$ (81,169,584)	$ 52,058,389
Ending balance, shares at Dec. 31, 2022	8	1,234	50	37,241,642

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (22,935,353)	$ (33,079,414)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	762,206	527,584
Stock-based compensation	1,240,129	7,556,282
Amortization of right-of-use asset	193,483	206,375
Bad debt expense	4,485	99,309
Realized gain on marketable securities	(160,990)
Unrealized loss on marketable securities	1,713
Impairment of inventory and prepaid	2,476,322
Change in operating assets and liabilities:
Accounts receivable	454,873	(302,887)
Inventory	830,845	(2,666,327)
Prepaid expenses and other current assets	(581,846)	(667,416)
Deposits	18,797	(18,797)
Accounts payable	445,165	(120,155)
Accrued expenses	(1,272,046)	2,038,365
Contract liability		(24,000)
Lease obligations - operating leases	(206,426)	(180,404)
Net cash used in operating activities	(18,728,643)	(26,631,485)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(1,588,689)	(538,012)
Purchase of marketable securities, net	(9,689,526)
Purchase of intangible assets	(57,046)	(62,351)
Net cash used in investing activities	(11,335,261)	(600,363)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of debt		(21,611)
Proceeds from exercise of warrants, net of fees		100,000
Proceeds from exercise of stock options		1,506,999
Proceeds from issuance of Common Stock, net of fees and expenses		58,269,829
Net cash provided by financing activities		59,855,217
Net change in cash	(30,063,904)	32,623,369
Cash, beginning of year	69,160,466	36,537,097
Cash, end of year	39,096,562	69,160,466
Supplemental disclosure of cash and non-cash transactions:
Cash paid for interest		1,971
Restricted Stock issued previously accrued	329,380	329,380
Accrued Fixed Assets	348,932
Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets		$ 120,440

ORGANIZATION AND NATURE OF OPER

ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS AYRO, Inc. (“AYRO” or the “Company”), a Delaware corporation formerly known as DropCar, Inc. (“DropCar”), a corporation headquartered outside Austin, Texas, is the merger successor discussed below of AYRO Operating Company, Inc., which was formed under the laws of the State of Texas on May 17, 2016 as Austin PRT Vehicle, Inc. and subsequently changed its name to Austin EV, Inc. under an Amended and Restated Certificate of Formation filed with the State of Texas on March 9, 2017. On July 24, 2019, the Company changed its name to AYRO, Inc. and converted its corporate domicile to Delaware. The Company was founded on the basis of promoting resource sustainability. The Company, and its wholly-owned subsidiaries, are principally engaged in manufacturing and sales of environmentally-conscious, minimal-footprint electric vehicles. The all-electric vehicles are typically sold both directly to customers and to dealers in the United States. Merger On May 28, 2020, pursuant to the previously announced Agreement and Plan of Merger, dated December 19, 2019 (the “Merger Agreement”), by and among AYRO, Inc., a Delaware corporation previously known as DropCar, Inc., ABC Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”), and AYRO Operating Company (“AYRO Operating”), a Delaware corporation previously known as AYRO, Inc., Merger Sub was merged with and into AYRO Operating, with AYRO Operating continuing after the merger as the surviving entity and a wholly owned subsidiary of the Company (the “Merger”). Strategic Review Following the hiring of the Company’s current Chief Executive Officer in the third quarter of 2021, the Company initiated a strategic review of their product development strategy, as they focus on creating value within the electric vehicle, last-mile delivery, and smart payload and enabling infrastructure markets. In connection with the strategic review, the Company canceled development of its planned next-generation three-wheeled high speed vehicle. In December of 2021 the Company began research and development on the Vanish, including updates on their supply chain evolution, offshoring/onshoring mix, manufacturing strategy, and annual model year refresh program.

LIQUIDITY AND OTHER UNCERTAINTI

LIQUIDITY AND OTHER UNCERTAINTIES	12 Months Ended
	Dec. 31, 2022
Liquidity And Other Uncertainties
LIQUIDITY AND OTHER UNCERTAINTIES	NOTE 2. LIQUIDITY AND OTHER UNCERTAINTIES Liquidity and Other Uncertainties The consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States (“GAAP”), which contemplates continuation of the Company as a going concern. The Company is subject to a number of risks similar to those of earlier stage commercial companies, including dependence on key individuals and products, the difficulties inherent in the development of a commercial market, the potential need to obtain additional capital, competition from larger companies, other technology companies and other technologies. The Company has a limited operating history and the sales and income potential of its business and market are unproven. The Company incurred net losses of $ 22,935,353 18,728,643 39,096,562 9,848,804 22,639,376 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Company may experience increases in the cost or a sustained interruption in the supply or shortage of raw materials, including lithium-ion battery cells, semiconductors, and integrated circuits. Any such increase or supply interruption could materially negatively impact the business, prospects, financial condition and operating results. Currently, the Company is experiencing supply chain shortages, including with respect to lithium-ion battery cells, integrated circuits, vehicle control chips, and displays. Certain production-ready components may be delayed in shipment to company facilities which has and may continue to cause delays in validation and testing for these components, which would in turn create a delay in the availability of saleable vehicles. The Company uses various raw materials, including aluminum, steel, carbon fiber, non-ferrous metals (such as copper), and cobalt. The prices for these raw materials fluctuate depending on market conditions, and global demand and could adversely affect business and operating results. For instance, the Company is exposed to multiple risks relating to price fluctuations for lithium-ion cells. These risks include: ● the inability or unwillingness of current battery manufacturers to build or operate battery cell manufacturing plants to supply the numbers of lithium-ion cells required to support the growth of the electric vehicle industry as demand for such cells increases; ● disruption in the supply of cells due to quality issues or recalls by the battery cell manufacturers; and ● an increase in the cost of raw materials, such as cobalt, used in lithium-ion cells. Any disruption in the supply of lithium-ion battery cells, semiconductors, or integrated circuits could temporarily disrupt production of the Company’s vehicles until a different supplier is fully qualified. Moreover, battery cell manufacturers may refuse to supply electric vehicle manufacturers if they determine that the vehicles are not sufficiently safe. Furthermore, fluctuations or shortages in petroleum and other economic conditions may cause the Company to experience significant increases in freight charges and raw material costs. Substantial increases in the prices for our raw materials would increase operating costs and could reduce our margins if the increased costs cannot be recouped through increased electric vehicle prices. There can be no assurance that the Company will be able to recoup increasing costs of raw materials by increasing vehicle prices. We have made certain indemnities, under which we may be required to make payments to an indemnified party, in relation to certain transactions. We indemnify our directors and officers to the maximum extent permitted under the laws of the State of Delaware. In connection with our facility leases, we have indemnified our lessors for certain claims arising from the use of the facilities. The duration of the indemnities vary and, in many cases, are indefinite. These indemnities do not provide for any limitation of the maximum potential future payments we could be obligated to make. Historically, we have not been obligated to make any payments for these obligations and no liabilities have been recorded for these indemnities. On October 3, 2022, AYRO, Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business day period between August 19, 2022 and September 30, 2022, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a compliance period of 180 calendar days, or until April 3, 2023 (the “Compliance Period”), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The consolidated financial statements represent the consolidation of the accounts of the Company and its subsidiary in conformity with GAAP. All intercompany accounts and transactions have been eliminated in consolidation. Reclassification Certain 2021 amounts were classified to conform to the current year presentation. Intangible assets were included into other assets on the consolidated balance sheet for current and prior year. Use of Estimates The preparation of the consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Cash and Cash Equivalents The Company considers all highly-liquid investments purchased with a maturity of three months or less at the time of purchase to be cash equivalents. The Company maintains total cash balances in one account which exceeds the federally insured limits. Management does not believe this results in any significant credit risk. The Company has no cash equivalents as of December 31, 2022 and 2021. Marketable Securities Marketable securities include investment in fixed income bonds and U.S. Treasury securities that are considered to be highly liquid and easily tradeable. The marketable securities are considered trading securities and are measured at fair value and are accounted for in accordance with ASC 320. The marketable securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the Company’s fair value hierarchy. The Company held $ 9,848,804 Fair Value Measurements The Company applies Accounting Standards Codification (“ASC”) 820, Fair Value Measurement The carrying amounts of financial instruments reported in the accompanying consolidated financial statements for current assets and current liabilities approximate the fair value because of the immediate or short-term maturities of the financial instruments. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The valuation hierarchy is composed of three levels. The classification within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The levels within the valuation hierarchy are described below: Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities. Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities. The marketable securities are considered trading securities and are measured at fair value and are accounted for in accordance with ASC 320. The marketable securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the Company’s fair value hierarchy. Accounts Receivable, Net In the normal course of business, the Company extends credit to customers. Accounts receivable, less the allowance for doubtful accounts, reflect the net realizable value of receivables and approximate fair value. An allowance for doubtful accounts is maintained and reflects the best estimate of probable losses determined principally on the basis of historical experience and specific allowances for known troubled accounts. All accounts or portions thereof that are deemed to be uncollectible or that require an excessive collection cost are written off to the allowance for doubtful accounts. As of December 31, 2022 and 2021, the Company had reserved an allowance for doubtful accounts of $ 2,349 173,138 Inventory Inventory consists of purchased chassis, cabs, batteries, truck beds and component parts which includes cost of raw materials, freight, direct labor, and related production overhead and are stated at the lower of cost or net realizable value, as determined using a first-in, first-out method. Inventory also includes a fleet of internally manufactured vehicles that serve demonstration and other purposes, the balance of which is being depreciated over their useful lives. Management compares the cost of inventory with the net realizable value and, if applicable, an allowance is made for writing down the inventory to its net realizable value, if lower than cost. On an ongoing basis, inventory is reviewed for potential write-down for estimated obsolescence or unmarketable inventory based upon forecasts for future demand and market conditions. At June 30, 2022, we determined that testing of obsolescence was required for inventory due to the quality of certain purchased components from Cenntro’s lithium-ion (“NCM”) line. 17 vehicles tested in the second quarter of 2022 were determined to have 49 unique failures. An inspection of the remaining NCM units revealed a 100% failure rate. As a result, all inventory associated with Cenntro’s NCM line was written off for $ 1,317,289 621,097 413,561 124,375 2,476,322 Property and Equipment, Net Property and equipment, net, are stated at cost, less accumulated depreciation. Depreciation is recorded over the shorter of the estimated useful life, of one to ten years, or the lease term of the applicable assets using the straight-line method beginning on the date an asset is placed in service. The Company regularly evaluates the estimated remaining useful lives of the Company’s property and equipment, net, to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense when incurred. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The estimated useful lives for significant property and equipment categories are as follows: SCHEDULE OF ESTIMATED USEFUL LIVES Computer Equipment and Software 1 3 Furniture and Fixtures 2 7 Machinery and Equipment 3 10 Leasehold Improvements Shorter of useful or lease life Long-Lived Assets, Including Definite-Lived Intangible Assets Intangible assets are stated at cost less accumulated amortization. Amortization is generally recorded on a straight-line basis over estimated useful life of 3 10 Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable through the estimated undiscounted future cash flows derived from such assets. Factors that the Company considers in deciding when to perform an impairment review include significant changes in the Company’s forecasted projections for the asset or asset group for reasons including, but not limited to, significant under-performance of a product in relation to expectations, significant changes, or planned changes in the Company’s use of the assets, significant negative industry or economic trends, and new or competing products that enter the marketplace. The impairment test is based on a comparison of the undiscounted cash flows expected to be generated from the use of the asset group. If impairment is indicated, the asset is written down by the amount by which the carrying value of the asset exceeds the related fair value of the asset with the related impairment charge recognized within the statements of operations. Leases Operating lease assets are included within operating lease right-of-use assets, and the corresponding operating lease obligation on the consolidated balance sheets as of December 31, 2022 and 2021 in accordance with ASC 842, Leases Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers To achieve this core principle, five basic criteria must be met before revenue can be recognized: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to performance obligations in the contract; and (5) recognize revenue when or as the Company satisfies a performance obligation. Nature of goods and services The following is a description of the Company’s products and services from which the Company generates revenue, as well as the nature, timing of satisfaction of performance obligations, and significant payment terms for each: Product revenue Product revenue from customer contracts is recognized on the sale of each electric vehicle as vehicles are shipped to customers. The majority of the Company’s vehicle sales orders generally have only one performance obligation: sale and delivery of complete vehicles. Ownership and risk of loss transfers to the customer based on FOB shipping point and freight charges are the responsibility of the customer. Revenue is typically recognized at the point control transfers or in accordance with payment terms customary to the business. The Company provides product warranties to assure that the product assembly complies with agreed upon specifications. The Company’s product warranty is similar in all material respects to the product warranties provided by the Company’s suppliers, therefore minimizing the warranty liability to the standard labor rates associated with the defective part replacement. Customers do not have the option to purchase a warranty separately; as such, warranty is not accounted for as a separate performance obligation. The Company’s policy is to exclude taxes collected from a customer from the transaction price of automotive contracts. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Shipping revenue Amounts billed to customers related to shipping and handling are classified as shipping revenue. The Company has elected to recognize the cost for freight and shipping when control over vehicles has transferred to the customer as an operating expense. The Company has reported shipping expenses of $ 442,932 393,231 Services and other revenue Services and other revenue consist of non-warranty after-sales vehicle services. Revenue is typically recognized at a point in time when services and replacement parts are provided. Miscellaneous income Miscellaneous income consists of late fees charged for receivables not paid within the terms of the customer agreement based upon the outstanding customer receivable balance. This revenue is earned when a customer’s receivable balance becomes delinquent and its collection is reasonably assured and is calculated using a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. Segment Reporting The Company operates in one business segment which focuses on the manufacturing and sales of environmentally-conscious, minimal-footprint electric vehicles. The Company’s business offerings have similar economic and other characteristics, including the nature of products, manufacturing, types of customers, and distribution methods. The chief operating decision maker (CODM) reviews profit and loss information on a consolidated basis to assess performance and make overall operating decisions. The consolidated financial statements reflect the financial results of the Company’s one reportable operating segment. The Company has no significant revenues or tangible assets outside of the United States. Income Taxes The Company accounts for income tax using an asset and liability approach, which allows for the recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The accounting for deferred income tax calculation represents management’s best estimate on the most likely future tax consequences of events that have been recognized in the consolidated financial statements or tax returns and related future anticipation. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization is uncertain. As of December 31, 2022 and 2021, there were no accruals for uncertain tax positions. Warrants and Preferred Shares The accounting treatment of warrants and preferred share series issued is determined pursuant to the guidance provided by ASC 470, Debt Distinguishing Liabilities from Equity Derivatives and Hedging Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation-Stock Compensation (“ASC 718”). The Company recognizes all employee and non-employee share-based compensation as an expense in the financial statements on a straight-line basis over the requisite service period, based on the terms of the awards. Equity-classified awards principally related to stock options, restricted stock awards (“RSAs”) and equity-based compensation, are measured at the grant date fair value of the award. The Company determines grant date fair value of stock option awards using the Black-Scholes option-pricing model. The fair value of RSAs is determined using the closing price of the Company’s common stock on the grant date. For service based vesting grants, expense is recognized ratably over the requisite service period based on the number of options or shares. For value-based vesting grants, expense is recognized via straight line expense over the expected period per grant as determined by outside valuation experts. Stock-based compensation is reversed for forfeitures in the period of forfeiture. We estimate the fair value of stock-based and cash unit awards containing a market condition using a Monte Carlo simulation model. Key inputs and assumptions used in the Monte Carlo simulation model include the stock price of the award on the grant date, the expected term, the risk-free interest rate over the expected term, the expected annual dividend yield and the expected stock price volatility. The expected volatility is based on a combination of the historical and implied volatility of the Company’s publicly traded, near-the-money stock options, and the valuation period is based on the vesting period of the awards. The risk-free interest rate is derived from the U.S. Treasury yield curve in effect at the time of grant and, since the Company does not currently pay or plan to pay a dividend on its common stock, the expected dividend yield was zero. Stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the underlying equity instrument. The attribution of the fair value of the equity instrument is charged directly to compensation expense over the period during which services are rendered. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Basic and Diluted Loss Per Share Basic and diluted net loss per share is determined by dividing net loss by the weighted average ordinary shares outstanding during the period. For all periods presented with a net loss, the shares underlying the ordinary share options and warrants have been excluded from the calculation because their effect would be anti-dilutive. Therefore, the weighted-average shares outstanding used to calculate both basic and diluted loss per share are the same for periods with a net loss. The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive: SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE For the Years Ended December 31, 2022 2021 Options to purchase common stock 777,922 1,338,675 Restricted stock unvested 660,562 450,000 Restricted stock vested - unissued - 43,000 Warrants outstanding 6,106,023 6,108,823 Preferred stock outstanding 2,475 2,475 Totals 7,546,982 7,942,973 Research and development costs Costs are incurred in connection with research and development programs that are expected to contribute to future earnings. Such costs include labor, stock-based compensation, training, software subscriptions, and consulting. These amounts are charged to the consolidated statement of operations as incurred. Total research and development expenses included were $ 6,845,451 11,449,617 Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13 “Financial Instruments -Credit Losses” (ASC 326) “Measurement of Credit Losses on Financial Instruments: and subsequent amendment to the guidance, ASU 2018-19 in November 2018. The standard significantly changes how entities will measure credit losses for most financial assets, including trade receivables. The standard will replace historic incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

REVENUES

REVENUES	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUES	NOTE 4. REVENUES Disaggregation of Revenue Revenue by type consists of the following: SCHEDULE OF DISAGGREGATION OF REVENUE Years Ended December 31, 2022 2021 Revenue type Product revenue $ 2,716,583 $ 2,419,821 Shipping revenue 229,027 227,089 Miscellaneous Income 44,887 - Service income - 36,687 Total Revenue $ 2,990,497 $ 2,683,597 Contract Liabilities The Company recognizes a contract liability when a consideration is received, or if the Company has the unconditional right to receive consideration, in advance of satisfying the performance obligation. A contract liability is the Company’s obligation to transfer goods or services to a customer for which the Company has received consideration, or an amount of consideration is due from the customer. The table below details the activity in the Company’s contract liabilities as of December 31, 2022 and 2021. The balance at the end of each period is reported as contract liability in the Company’s consolidated balance sheet. SCHEDULE OF CONTRACT LIABILITIES December 31, December 31, 2022 2021 Balance, beginning of period $ - $ 24,000 Additions - - Transfer to revenue - (24,000 ) Balance, end of period $ - $ - Warranty Reserve The Company records a reserve for warranty repairs upon the initial delivery of vehicles to its dealer network. The Company provides a product warranty on each vehicle including powertrain, battery pack and electronics package. Such warranty matches the product warranty provided by its supply chain for warranty parts for all unaltered vehicles and is not considered a separate performance obligation. The supply chain warranty does not cover warranty-based labor needed to replace a part under warranty. Warranty reserves include management’s best estimate of the projected cost of labor to repair/replace all items under warranty. The Company reserves a percentage of all dealer-based sales to cover an industry-standard warranty fund to support dealer labor warranty repairs. Such percentage is recorded as a component of cost of revenues in the statement of operations. As of December 31, 2022 and 2021, warranty reserves were recorded within accrued expenses of $ 410,017 240,517 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	12 Months Ended
	Dec. 31, 2022
Credit Loss [Abstract]
ACCOUNTS RECEIVABLE, NET	NOTE 5. ACCOUNTS RECEIVABLE, NET Accounts receivable, net consists of amounts due from invoiced customers and product deliveries and were as follows: SCHEDULE OF ACCOUNTS RECEIVABLE December 31, December 31, 2022 2021 Trade receivables $ 512,420 $ 1,142,567 Less: Allowance for doubtful accounts (2,349 ) (173,138 ) Accounts receivable, net $ 510,071 $ 969,429 The Company reduced allowance for doubtful accounts by $ 170,789 4,485

INVENTORY, NET

INVENTORY, NET	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
INVENTORY, NET	NOTE 6. INVENTORY, NET Inventory, net consisted of the following: SCHEDULE OF INVENTORY December 31, December 31, 2022 2021 Raw materials $ 330,931 $ 3,481,614 Work-in-progress - 51,441 Finished goods 639,450 210,982 Total $ 970,381 $ 3,744,037 For the years ended December 31, 2022 and 2021, depreciation recorded for fleet inventory was $ 87,586 95,544 1,317,289 413,561 124,375

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 7. PREPAID EXPENSES AND OTHER CURRENT ASSETS SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS December 31, December 31, 2022 2021 Prepaid final assembly services $ - $ 439,660 Prepayments for inventory 1,174,466 1,622,617 Prepayments for insurance 118,434 - Prepayments on advances on design 75,000 - Prepayments on software 103,851 - Prepaid other 7,094 213,901 Total Prepaid Expenses and Other Current Assets $ 1,478,845 $ 2,276,178 As of December 31, 2021 the balance of prepaid expenses and accrued expenses, net with Cenntro was $ 602,016 621,097 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	NOTE 8. PROPERTY AND EQUIPMENT, NET Property and equipment, net consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT, NET December 31, December 31, 2022 2021 Computer and equipment $ 1,970,001 $ 853,695 Furniture and fixtures 323,789 173,155 Lease improvements 952,952 282,271 Prototypes - 300,376 Computer software 455,875 455,875 Property and equipment, gross 3,702,617 2,065,372 Less: Accumulated depreciation (1,510,280 ) (1,230,212 ) Property and equipment, net $ 2,192,337 $ 835,160 Depreciation expense for the years ended December 31, 2022 and 2021 was $ 580,445 101,581 314,164 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

MARKETABLE SECURITIES

MARKETABLE SECURITIES	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
MARKETABLE SECURITIES	NOTE 9. MARKETABLE SECURITIES Marketable securities purchased in 2022 consisted of the following: SCHEDULE OF MARKETABLE SECURITIES December 31, 2022 Realized Unrealized Transferred Cost Basis Gains Loss to Cash Total Bonds $ 12,235,258 $ 160,990 $ (1,713 ) $ (10,310,473 ) $ 2,084,062 US Treasury securities 7,764,742 - - - 7,764,742 $ 20,000,000 $ 160,990 $ (1,713 ) $ (10,310,473 ) $ 9,848,804 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 10. STOCKHOLDERS’ EQUITY Common Stock On January 25, 2021, AYRO entered into a Securities Purchase Agreement with certain institutional and accredited investors, pursuant to which AYRO agreed to issue and sell in a registered direct offering (the “January 2021 Offering”) an aggregate of 3,333,334 0.0001 6.00 20,000,004 1,648,608 On February 11, 2021, AYRO entered into a Securities Purchase Agreement with certain institutional and accredited investors, pursuant to which AYRO agreed to issue and sell in a registered direct offering (the “February 2021 Offering”) an aggregate of 4,400,001 0.0001 9.50 41,800,008 3,394,054 Each purchaser was also granted an option to purchase, on or before February 16, 2022, additional shares of common stock equal to the full amount of 75% of the common stock it purchased at the initial closing, or an aggregate of 3,300,001 11.50 On March 17, 2021, in connection with that certain Agreement and Plan of Merger dated December 19, 2019, whereby certain former stockholders of AYRO Operating entered into lock-up agreements (collectively, the “May Lock-Up Agreements”) pursuant to which they agreed to certain restrictions on the transfer or sale of shares of the Company’s common stock for the one-year period following the Merger, AYRO modified the May Lock-Up Agreements to allow each stockholder party to a May Lock-Up Agreement to (i) sell up to 5% of such stockholder’s holdings in the Company’s common stock on any trading day (with such 5% limitation to be measured as of the date of each sale) and (ii) allow for unlimited sales of the Company’s common stock for any sales made at $10.00 per share or greater. Pursuant to the Securities Purchase Agreement dated July 21, 2020, during the year ended December 31, 2021 investors purchased 302,500 0.0001 5.00 1,512,500 During February 2021, the Company issued 13,642 100,000 During the year ended December 31, 2021, the Company issued 555,004 1,506,999 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS During the year ended December 31, 2021, the Company issued 1,158,891 During the year ended December 31, 2022, the Company issued 374,686 Restricted Stock On February 24, 2021, pursuant to the AYRO, Inc. 2020 Long-Term Incentive Plan, the Company granted 172,000 7.66 43,000 On February 1, 2022, pursuant to the AYRO, Inc. 2020 Long-Term Incentive Plan, the Company granted 442,249 1.29 331,686 Preferred Stock Upon closing of the Merger, the Company assumed the Series H, H-3 and H-6 preferred stock of DropCar, Inc., which respective conversion prices have been adjusted to reflect the May 2020 one-for-five reverse split. Series H Convertible Preferred Stock Under the terms of the Series H Certificate of Designation, each share of the Company’s Series H Convertible Preferred Stock (the “Series H Preferred Stock”) has a stated value of $ 154.00 184.80 9.99 SCHEDULE OF PAYMENT OF PREFERRED STOCK Number of Series H Preferred Stock outstanding as of December 31, 2022 8 Multiplied by the stated value $ 154 Equals the gross stated value $ 1,232 Divided by the conversion price $ 184.8 Equals the convertible shares of Company Common Stock 6.66 Multiplied by the fair market value of Company Common Stock as of December 31, 2022 $ 0.38 Liquidation Value $ 2.66 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Series H-3 Convertible Preferred Stock Pursuant to the Series H-3 Certificate of Designation (as defined below), the holders of the Company’s Series H-3 Convertible Preferred Stock (the “Series H-3 Preferred Stock”) are entitled to elect up to two members of a seven-member Board, subject to certain step downs; pursuant to the Series H-3 securities purchase agreement, the Company agreed to effectuate the appointment of the designees specified by the Series H-3 investors as directors of the Company. Under the terms of the Series H-3 Certificate of Designation, each share of the Series H-3 Preferred Stock has a stated value of $ 138.00 165.60 9.99 In the event of liquidation, the holders of the Series H-3 Preferred Stock are entitled, pari passu with the holders of common stock, to receive a payment in the amount the holder would receive if such holder converted the Series H-3 Preferred Stock into common stock immediately prior to the date of such payment. As of December 31, 2022 SCHEDULE OF PAYMENT OF PREFERRED STOCK Number of Series H-3 Preferred Stock outstanding as of December 31, 2022 1,234 Multiplied by the stated value $ 138 Equals the gross stated value $ 170,292 Divided by the conversion price $ 165.6 Equals the convertible shares of Company Common Stock 1,028 Multiplied by the fair market value of Company Common Stock as of December 31, 2022 $ 0.38 Liquidation Value $ 391 Series H-6 Convertible Preferred Stock On February 5, 2020, the Company filed the Certificate of Designations, Preferences and Rights of the Series H-6 Preferred Stock (the “Series H-6 Certificate of Designation”) with the Secretary of State of the State of Delaware, establishing and designating the rights, powers and preferences of the Series H-6 Preferred Stock. The Company designated up to 50,000 72.00 Each share of Series H-6 Preferred Stock is convertible at any time at the option of the holder thereof, into a number of shares of common stock of the Company determined by dividing the H-6 Stated Value by the initial conversion price of $ 3.60 3.60 9.99 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The holders of Series H-6 Preferred Stock are entitled to certain anti-dilution adjustments if the Company issues shares of its common stock at a lower price per share than the applicable conversion price of the Series H-6 Preferred Stock. If any such dilutive issuance occurs prior to the conversion of the Series H-6 Preferred Stock, the conversion price will be adjusted downward to a price that cannot be less than 20% of the exercise price of $ 3.60 In the event of liquidation, the holders of the Series H-6 Preferred Stock are entitled, pari passu with the holders of common stock, to receive a payment in the amount the holder would receive if such holder converted the Series H-6 Preferred Stock into common stock immediately prior to the date of such payment. As of December 31, 2022, SCHEDULE OF PAYMENT OF PREFERRED STOCK Number of Series H-6 Preferred Stock outstanding as of December 31, 2022 50 Number of Series H Preferred Stock outstanding as of December 31, 2022 50 Multiplied by the stated value $ 72 Equals the gross stated value $ 3,600 Divided by the conversion price $ 2.5 Equals the convertible shares of Company Common Stock 1,440 Multiplied by the fair market value of Company Common Stock as of December 31, 2022 $ 0.38 Liquidation Value $ 547 AYRO Series Seed Preferred Stock Prior to the Merger, the Company was authorized to issue 8,472,500 December 31, 2022 and 2021, 7,360,985 2,007,193 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Warrants AYRO Seed Warrants Prior to the Merger, the Company issued 461,647 7.33 As of December 31, 2022, there were 448,005 Series I Warrants As a result of the Merger, 14,636 69.00 If at any time (i) the volume weighted average price (“VWAP”) of the Common Stock exceeds $ 138.00 14,636 . Series H-3 Warrants As a result of the Merger, 2,800 165.60 5 As of December 31, 2022, all 2,800 Series H-4 Warrants As a result of the Merger, 37,453 15.60 15.60 As of December 31, 2022, there were 37,453 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Series J Warrants As a result of the Merger, 52,023 30.00 45.00 If at any time (i) the VWAP of the Common Stock exceeds $9.00 for not less than the mandatory exercise measuring period; (ii) the daily average number of shares of Common Stock traded during the mandatory exercise measuring period equals or exceeds 25,000; and (iii) no equity conditions failure has occurred as of such date, then the Company shall have the right to require the holder to exercise all or any portion of the Series J Warrants still unexercised for a cash exercise. As of December 31, 2022, there were 52,023 Series H-5 Warrants As a result of the Merger, 296,389 2.50 five years The H-5 Warrants are entitled to certain anti-dilution adjustments if the Company issues shares of its common stock at a lower price per share than the applicable exercise price (subject to a floor of $0.792 per share). An anti-dilution adjustment was triggered resulting in an adjusted exercise price per share from $ 3.96 2.50 173,091 2.50 348,476 The Series H-1, H-4, J and H-5 Warrants expire through the years 2023-2024. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Other AYRO Warrants On June 19, 2020, the Company agreed to issue finder warrants (the “June Finder Warrants”) to purchase 27,273 2.75 126,000 2.875 5 126,000 27,273 On July 8, 2020, the Company agreed to issue finder warrants (the “July 8 Finder Warrants”) to purchase 71,770 5.225 147,368 5.4625 The July 8 Finder Warrants and July 8 Placement Agent Warrants terminate after a period of 5 71,770 147,368 On July 22, 2020, the Company agreed to issue warrants to Palladium (the “July 22 Placement Agent Warrants”) to purchase 129,500 5.750 5 129,500 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS On September 25, 2020, the Company issued a warrant (the “September Warrant”) to purchase 31,348 3.19 The September Warrant is immediately exercisable and expires on September 25, 2025. 2.13 66,845 31,348 On November 22, 2020, the Company entered into a Securities Purchase Agreement with new and current stockholders of the Company, pursuant to which such stockholders agreed to purchase shares of AYRO’s Common Stock, Series A Warrants and Series B Warrants to purchase AYRO’s Common Stock for an aggregate purchase price of $ 9,999,997 1,237,624 825,084 8.09 May 24, 2021 8.90 no 825,084 On November 22, 2020, the Company agreed to issue finder warrants (the “November Finder Warrants”) to purchase 56,256 6.6660 57,756 6.9690 The November Finder Warrants and November Placement Agent Warrants terminate after a period of 5 years on November 22, 2025. 56,256 57,756 On January 25, 2021, AYRO entered into a Securities Purchase Agreement with certain institutional and accredited investors, pursuant to which AYRO agreed to issue and sell in the January 2021 Offering an aggregate of 3,333,334 0.0001 6.00 20.0 Each purchaser was also granted a warrant to purchase, between July 26, 2021 and July 26, 2023, additional shares of common stock equal to the full amount of the common stock it purchased at the initial closing, or an aggregate of 3,333,334 6.93 On January 25, 2021, the Company agreed to issue warrants to Palladium, the placement agent for the January 2021 offering to purchase 233,334 6.93 3,566,668 On February 11, 2021, the Company agreed to issue warrants to Spartan Capital Securities, LLC and its affiliates (the “February Finder Warrants”) to purchase 15,574 10.925 35,885 10.45 255,584 10.925 5 51,459 255,584 A summary of the Company’s warrants to purchase common stock activity is as follows: SCHEDULE OF WARRANT ACTIVITY Shares Underlying Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Outstanding at December 31, 2020 3,501,014 $ 8.03 2.87 Granted 3,873,711 $ 7.24 Exercised (13,642 ) $ 7.33 Expired (1,252,260 ) $ 8.80 Outstanding at December 31, 2021 6,108,823 $ 7.37 2.31 Expired (2,800 ) 165.60 Outstanding at December 31,2022 6,106,023 $ 7.30 1.32 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
STOCK BASED COMPENSATION	NOTE 11. STOCK BASED COMPENSATION AYRO 2020 Long Term Incentive Plan On May 28, 2020, the Company’s shareholders approved the AYRO, Inc. 2020 Long Term Incentive Plan for future grants of incentive stock options, nonqualified stock, stock appreciation rights, restricted stock, restricted stock units, performance and other awards. The Company has reserved a total of 4,089,650 1,158,899 AYRO 2017 Long Term Incentive Plan The Company has reserved a total of 477,983 128,606 no DropCar Amended and Restated 2014 Equity Incentive Plan The Company’s equity incentive plan created in 2014 (the “2014 Plan”) was amended in 2018 to increase the number of shares of Company common stock available for issuance. Pursuant to the 2014 Plan, 141,326 no Stock-based compensation, including stock options, and restricted stock, expense is included in the consolidated statement of operations as follows: SCHEDULE OF STOCK-BASED COMPENSATION 2022 2021 Years Ended December 31, 2022 2021 Research and development $ 21,922 $ 73,447 Sales and marketing 25,811 224,076 General and administrative 1,192,396 7,258,760 Total $ 1,240,129 $ 7,556,282 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Options The following table reflects the stock option activity: SCHEDULE OF STOCK-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY Number of Shares Weighted Average Exercise Price Contractual Life (Years) Outstanding at December 31, 2020 1,920,269 $ 4.40 8.66 Exercised (555,004 ) $ (2.72 ) Forfeitures (26,590 ) $ (2.52 ) Outstanding at December 31, 2021 1,338,675 $ 5.14 8.26 Granted 173,500 0.97 Exercised - - Forfeitures (734,253 ) 3.13 Outstanding at December 31, 2022 777,922 6.15 7.56 Of the outstanding options, 612,963 0 The Company recognized $ 65,291 1,232,402 142,648 a Determining the appropriate fair value of the stock-based awards requires the input of subjective assumptions, including the fair value of the Company’s common stock, and for stock options, the expected life of the option, and the expected stock price volatility. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used in calculating the fair value of stock-based awards represent management’s best estimates and involve inherent uncertainties and the application of management’s judgment. The Company granted 173,000 0.97 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Company uses the following inputs when valuing stock-based awards. SCHEDULE OF STOCK-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS For the Years Ended December 31, 2022 2021 Expected life (years) 6 n/a Risk-free interest rate 3.04 % n/a Expected volatility 128.67 % n/a Stock Price $ 0.84 n/a Exercise Price $ 0.97 n/a The expected life of the employee stock options was estimated using the “simplified method,” as the Company has no historical information to develop reasonable expectations about future exercise patterns and employment duration for its stock option grants. The simplified method is based on the average of the vesting tranches and the contractual life of each grant. The expected life of awards that vest immediately use the contractual maturity since they are vested when issued. For stock price volatility, the Company uses public company comparable data and in periods prior to the Merger historical private placement data as a basis for its expected volatility to calculate the fair value of option grants. The risk-free interest rate is based on U.S. Treasury notes with a term approximating the expected life of the option at the grant-date. Restricted Stock The following table reflects the restricted stock activity: SCHEDULE OF RESTRICTED STOCK ACTIVITY Number of Shares Weighted Average Grant Price Outstanding at December 31, 2020 1,072,503 $ 5.30 Granted 622,000 $ 3.91 Vested (1,201,891 ) $ 5.71 Forfeitures (42,612 ) $ 3.17 Outstanding at December 31, 2021 450,000 $ 2.48 Granted 542,248 $ 1.06 Vested (331,686 ) $ 1.29 Outstanding at December 31, 2022 660,562 $ 1.91 In September 2020, the Company issued 436,368 15,115 vest in December 2020, which was subsequently modified to vest in full in May 2021. December 31, 2022 and 2021 0 699,527 In December 2020, based on objectives achieved, the Company issued 651,250 the following vesting schedule: one-third vested on May 28, 2021, one-third was to vest on December 4, 2021 and one-third was to vest on December 4, 2022. 434,166 0 4,126,618 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS On February 24, 2021, pursuant to the AYRO, Inc. 2020 Long-Term Incentive Plan, the Company issued 172,000 7.66 329,380 In September 2021, pursuant to the employment agreement with Thomas M. Wittenschlaeger, the Company issued 450,000 2.48 110 646,771 180,215 290,118 On February 1, 2022, pursuant to the AYRO, Inc. 2020 Long-Term Incentive Plan, the Company issued 442,248 1.29 331,686 522,958 0 42,788 On August 23, 2022, pursuant to the employment agreement with David E. Hollingsworth, the Company issued 100,000 0.03 1,001 0 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONCENTRATIONS AND CREDIT RISK

CONCENTRATIONS AND CREDIT RISK	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND CREDIT RISK	NOTE 12. CONCENTRATIONS AND CREDIT RISK Revenues One customer accounted for approximately 100 79 20 Accounts Receivable As of December 31, 2022 one customer accounted for 100% of the Company’s net accounts receivable. As of December 31, 2021 two customers accounted for more than 10% of the Company’s net accounts receivable. One customer accounted for approximately 87 Purchasing The Company places orders with various suppliers. During the years ended December 31, 2022 and 2021, three suppliers accounted for more than 10% of the Company’s raw materials. One supplier, Cenntro Automotive Group (“Cenntro”), a related party – see Note 14 – accounted for approximately 50 % and 62 %, respectively, of the Company’s purchases of raw materials during the years ended December 31, 2022 and 2021. The second supplier accounted for 19 % and 9 %, respectively, of the Company’s purchases of raw materials during the years ended December 31, 2022 and 2021. The third supplier accounted for 10 % of the Company’s purchases of raw materials during the year ended December 31, 2022. Manufacturing On May 31, 2022, the Company received a letter from Cenntro purporting to terminate all agreements and contracts between the Company and Cenntro. Although the Company does not believe Cenntro’s termination of the Cenntro MLA is valid, the Company has determined to cease production of the AYRO 411x and focus its resources on the development and launch of the Vanish. The Company has canceled all purchase orders and future builds with Cenntro and currently intends to only order replacement parts for vehicles from Cenntro in the future. The Company is in discussions with Cenntro concerning the potential repurchase by Cenntro of unsaleable inventory due to quality concerns. AYRO expects to lose its exclusive license under the Cenntro MLA, in which case Cenntro could sell similar products through other companies or directly to the Company’s customers, which could have a material adverse effect on its results of operations and financial condition. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 13. RELATED PARTY TRANSACTIONS The Company had received short-term expense advances from its founders. For the years ended December 31, 2022 and 2021, the amounts outstanding were $ 15,000 During the year ended December 31, 2022, the Company paid $ 60,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 14. COMMITMENTS AND CONTINGENCIES Manufacturing Agreements On September 25, 2020, AYRO entered into a Master Manufacturing Services Agreement (the “Karma Agreement”) with Karma Automotive, LLC (“Karma”). The Karma Agreement expired in September 2022. Pursuant to the agreement Karma agreed to provide certain manufacturing services, starting in 2021, under an attached statement of work including final assembly, raw material storage and logistical support of our vehicles in return for compensation of $ 1,160,800 The Company paid Karma an amount of $ 440,000 80,000 66,845 641,140 468,480 73,333 On July 28, 2022, the Company partnered with Linamar Corporation (“Linamar”) a Canadian manufacturer, in a manufacturing agreement (the “Linamar MLA”) to provide certain sub assembly and assembly parts, including the cabin frame and skate for the Vanish (collectively, the “Products”). During the term of the Linamar MLA, Linamar has the exclusive right to supply the Products to the Company, subject to certain exceptions. The Linamar MLA has an initial term of three years and will automatically renew for successive two-year terms unless either party has given at least 12 months’ written notice of nonrenewal. Either party may terminate the Linamar MLA at any time upon 12 months’ written notice, and in the event of a change in control of the Company prior to the end of the initial term, the Company may terminate upon written notice within three days of completion of such change in control. In the event the Company terminates the Linamar MLA prior to its expiration, whether following a change in control or otherwise, the Company must purchase any remaining raw material inventory, finished goods inventory and work in progress and any unamortized capital equipment used in production and testing of the Products and pay a termination fee of $ 750,000 Under the Linamar MLA, the Company must commit to certain minimum purchase requirements, to be determined by AYRO on a quarterly basis. Supply Chain Agreements In 2017, the Company executed a supply chain contract with Cenntro, which has historically been the Company’s primary supplier. Prior to the Merger, Cenntro was a significant shareholder in AYRO Operating. Cenntro owns the design of the AYRO 411 Fleet vehicles and has granted the Company an exclusive license to purchase the AYRO 411 Fleet vehicles for sale in North America. The Company purchased 100% of its vehicle chassis, cabs and wheels for AYRO 411 Fleet Vehicles through this supply chain relationship with Cenntro. The Company must sell a minimum number of units in order to maintain its exclusive supply chain contract. See Note 12 for concentration amounts. As of December 31, 2021 the net balance between prepaid expenses and accrued expenses with Cenntro was a prepaid balance of $ 602,016 zero 621,097 1,317,289 The Company has canceled all purchase orders and future builds with Cenntro and currently intends to only order replacement parts from Cenntro in the future. Lease Agreements In 2019 the Company entered into a new lease agreement for office and manufacturing space. The lease commencement date was January 16, 2020. Prior to the commencement date of the new lease agreement, the Company leased other office and manufacturing space on a short-term basis. The Company determined if an arrangement is a lease at inception of the contract and whether a contract is or contains a lease by determining whether it conveys the right to control the use of identified asset for a period of time. The contact provides the right to substantially all the economic benefits from the use of the identified asset and the right to direct use of the identified asset, as such, the contract is, or contains, a lease. In connection with the adoption of ASC 842, Leases During March 2021, the Company subleased additional office space to support the Company’s expansion plan. The term is for 16 months with no lease obligation remaining as of December 31, 2022. Leases Leases were classified as an operating lease at inception. An operating lease results in the recognition of a Right-of-Use (“ROU”) assets and lease liability on the balance sheet. ROU assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term as of the commencement date. Because the lease does not provide an explicit or implicit rate of return, the Company determines an incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments on an individual lease basis. The incremental borrowing rate for a lease is the rate of interest the Company would have to pay on a collateralized basis to borrow an amount equal to the lease payments for the asset under similar term, which is 10.41 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Company’s leases do not contain any residual value guarantees or material restrictive covenants. Leases with a lease term of 12 months or less are not recorded on the balance sheet and lease expense is recognized on a straight-line basis over the lease term. The remaining term for the Company’s lease as of December 31, 2022 is 4.25 During the years ended December 31, 2022 and 2021, cash paid for amounts included in the measurement of lease liabilities- operating cash flows from operating lease was $ 306,689 180,404 The components of lease expense consist of the following: SCHEDULE OF COMPONENTS OF LEASE EXPENSES 2022 2021 Years Ended December 31, 2022 2021 Operating lease expense $ 409,543 $ 462,105 Short-term lease expense 153,572 8,296 Total lease cost $ 563,115 $ 470,401 Balance sheet information related to leases consists of the following: SCHEDULE OF OPERATING LEASES RIGHT OF USE ASSETS AND LIABILITIES December 31, 2022 December 31, 2021 Assets Operating lease – right-of-use asset $ 819,401 $ 1,012,884 Total lease assets $ 819,401 $ 1,012,884 Liabilities Current liabilities: Lease obligation – operating lease $ 165,767 $ 206,426 Noncurrent liabilities: Lease obligation - operating lease, net of current portion 693,776 859,543 Total lease liability $ 859,543 $ 1,065,969 The weighted-average remaining lease term and discount rate is as follows: SCHEDULE OF WEIGHTED- AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE Weighted average remaining lease term (in years) – operating lease 4.25 Weighted average discount rate – operating lease 10.41 % AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Cash flow information related to leases consists of the following: SCHEDULE OF CASH FLOW INFORMATION December 31, 2022 December 31, 2021 Operating cash flows for operating leases $ 306,689 $ 180,404 Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets $ - $ 120,440 Future minimum lease payment under non-cancellable lease as of December 31, 2022 are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES As of December 31, 2022 Operating Leases 2023 247,533 2024 254,277 2025 261,223 2026 268,378 2027 44,929 Total minimum lease payments 1,076,340 Less effects of discounting (216,797 ) Present value of future minimum lease payments $ 859,543 Litigation The Company is subject to various legal proceedings and claims, either asserted or unasserted, which arise in the ordinary course of business, that it believes are incidental to the operation of its business. While the outcome of these claims cannot be predicted with certainty, management does not believe that the outcome of any of these legal matters will have a material adverse effect on its results of operations, financial positions or cash flows. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS On February 12, 2021, the Company entered into an agreement with Arcimoto, Inc. to settle certain patent infringement claims (the “Arcimoto Settlement”) for a de minimis amount, pursuant to which the Company agreed to cease the production, importation and sale of the AYRO 311, among other things. Accordingly, the Company would not be contractually permitted to resume production of the AYRO 311. As of January 1, 2019, DropCar had accrued approximately $ 232,000 3,500 On March 23, 2018, DropCar was made aware of an audit being conducted by the New York State Department of Labor (“DOL”) regarding a claim filed by an employee. The DOL is investigating whether DropCar properly paid overtime for which DropCar has raised several defenses. In addition, the DOL is conducting its audit to determine whether the Company owes spread of hours pay (an hour’s pay for each day an employee worked or was scheduled for a period over ten hours in a day). Management believes the case has no merit. DropCar was a defendant in a class action lawsuit which resulted in a judgement entered into whereby the Company is required to pay legal fees in the amount of $ 45,000 DropCar was audited by the New York State Department of Taxation and Finance (“DOTF”) for its sales tax paid over the period of 2017 – 2020. The DOTF believes DropCar owes additional sales tax plus interest. Management is investigating the details this audit. As of December 31, 2021, the Company has accrued $ 476,280 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 15. INCOME TAXES The following is a reconciliation of the statutory federal income tax rate applied to pre-tax net loss compared to the income taxes in the statement of operations as of December 31, 2022 and 2021. SCHEDULE OF RECONCILIATION STATUTORY FEDERAL INCOME TAX RATE December 31, 2022 December 31, 2021 Income tax benefit at statutory U.S. federal rate $ (4,816,424 ) $ (6,946,677 ) Permanent differences - equity based compensation 51,381 310,384 Income tax benefit attributable to U.S. states (936,810 ) (965,708 ) Permanent difference - non-deductible compensation - 765,339 Basis adjustments - 70,544 Change in valuation allowance 5,701,853 6,766,118 Total income tax expense $ - $ - Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following table sets forth deferred income tax assets and liabilities as of the date shown: SCHEDULE OF DEFERRED TAX December 31, 2022 December 31, 2021 Deferred tax assets: Net operating losses $ 15,843,010 $ 11,733,274 Intangible assets 99,566 85,758 Capitalized research and development expense 1,490,870 - Equity based compensation 743,567 569,350 Warrants 156,851 156,851 Accrued compensation 1,467 33,147 Property and equipment 1,492 73,646 Lease liability 210,195 260,674 Other 113,487 93,268 Deferred tax assets 18,660,505 13,005,968 Deferred tax liabilities ROU asset (200,379 ) (247,695 ) Deferred tax liabilities (200,379 ) (247,695 ) Valuation allowance 18,460,126 12,758,273 Net deferred tax asset/(liability) $ - $ - In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and projections for future taxable income over periods in which the deferred tax assets are deductible. Management believes it is more likely than not that the Company will not realize the benefits of these deductible differences. A valuation allowance has been applied to the amount of deferred tax assets Management expects will be unrealized. Management does not believe that there are significant uncertain tax positions in 2022. There are no interest and penalties related to uncertain tax positions in 2022. The Company has federal net operating loss carryforwards of $ 64,332,435 48,152,539 995,801 20-year carry forward, with a portion beginning to expire in 2036. 63,336,634 48,091,426 34,824,332 AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The following table sets for the tax years subject to examination for the major jurisdictions where the Company conducts business as of December 31, 2022. SCHEDULE OF INCOME TAX EXAMINATION Federal 2016 to 2022 Georgia 2019 to 2022 Federal and state laws impose substantial restrictions on the utilization of NOL carryforwards in the event of an ownership change for income tax purposes, as defined in Section 382 of the Internal Revenue Code (“IRC”). Pursuant to IRC Section 382, annual use of the Company’s NOL carryforwards may be limited in the event a cumulative change in ownership of more than 50% occurs within a three-year period. The Company has not completed an IRC Section 382 analysis regarding the limitation of NOL carryforwards. However, it is possible that past ownership changes will result in the inability to utilize a significant portion of the Company’s NOL carryforward that was generated prior to any change of control. The Company’s ability to use its remaining NOL carryforwards may be further limited if the Company experiences an IRC Section 382 ownership change in connection with future changes in the Company’s stock ownership. Certain deferred tax assets from DropCar, such as NOL carryforwards and capital loss carryforwards are not included in the Company’s deferred tax assets as they are expected to be fully limited under IRC Section 382 as a result of the merger. The Tax Cuts and Jobs Act (“TCJA”) requires taxpayers to capitalize and amortize research and experimental expenditures under IRC Section 174 for tax years beginning after December 31, 2021. This rule became effective for this Company during the year ended December 31, 2022 and resulted in the capitalization of research and development costs of $ 6,729,353 On August 16, 2022, the Inflation Reduction Act was enacted into law. This Act includes a 15.0 percent book minimum tax on the adjusted financial statement income of applicable corporations, a number of clean-energy tax credits, and a 1.0 percent excise tax on certain stock buybacks. The Company does not expect these changes to have a material impact on the provision for income taxes or the financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 16. SUBSEQUENT EVENTS The Company issued 110,562

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements represent the consolidation of the accounts of the Company and its subsidiary in conformity with GAAP. All intercompany accounts and transactions have been eliminated in consolidation.
Reclassification	Reclassification Certain 2021 amounts were classified to conform to the current year presentation. Intangible assets were included into other assets on the consolidated balance sheet for current and prior year.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly-liquid investments purchased with a maturity of three months or less at the time of purchase to be cash equivalents. The Company maintains total cash balances in one account which exceeds the federally insured limits. Management does not believe this results in any significant credit risk. The Company has no cash equivalents as of December 31, 2022 and 2021.
Marketable Securities	Marketable Securities Marketable securities include investment in fixed income bonds and U.S. Treasury securities that are considered to be highly liquid and easily tradeable. The marketable securities are considered trading securities and are measured at fair value and are accounted for in accordance with ASC 320. The marketable securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the Company’s fair value hierarchy. The Company held $ 9,848,804
Fair Value Measurements	Fair Value Measurements The Company applies Accounting Standards Codification (“ASC”) 820, Fair Value Measurement The carrying amounts of financial instruments reported in the accompanying consolidated financial statements for current assets and current liabilities approximate the fair value because of the immediate or short-term maturities of the financial instruments. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The valuation hierarchy is composed of three levels. The classification within the valuation hierarchy is based on the lowest level of input that is significant to the fair value measurement. The levels within the valuation hierarchy are described below: Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities. Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities. The marketable securities are considered trading securities and are measured at fair value and are accounted for in accordance with ASC 320. The marketable securities are valued using inputs observable in active markets for identical securities and are therefore classified as Level 1 within the Company’s fair value hierarchy.
Accounts Receivable, Net	Accounts Receivable, Net In the normal course of business, the Company extends credit to customers. Accounts receivable, less the allowance for doubtful accounts, reflect the net realizable value of receivables and approximate fair value. An allowance for doubtful accounts is maintained and reflects the best estimate of probable losses determined principally on the basis of historical experience and specific allowances for known troubled accounts. All accounts or portions thereof that are deemed to be uncollectible or that require an excessive collection cost are written off to the allowance for doubtful accounts. As of December 31, 2022 and 2021, the Company had reserved an allowance for doubtful accounts of $ 2,349 173,138
Inventory	Inventory Inventory consists of purchased chassis, cabs, batteries, truck beds and component parts which includes cost of raw materials, freight, direct labor, and related production overhead and are stated at the lower of cost or net realizable value, as determined using a first-in, first-out method. Inventory also includes a fleet of internally manufactured vehicles that serve demonstration and other purposes, the balance of which is being depreciated over their useful lives. Management compares the cost of inventory with the net realizable value and, if applicable, an allowance is made for writing down the inventory to its net realizable value, if lower than cost. On an ongoing basis, inventory is reviewed for potential write-down for estimated obsolescence or unmarketable inventory based upon forecasts for future demand and market conditions. At June 30, 2022, we determined that testing of obsolescence was required for inventory due to the quality of certain purchased components from Cenntro’s lithium-ion (“NCM”) line. 17 vehicles tested in the second quarter of 2022 were determined to have 49 unique failures. An inspection of the remaining NCM units revealed a 100% failure rate. As a result, all inventory associated with Cenntro’s NCM line was written off for $ 1,317,289 621,097 413,561 124,375 2,476,322
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net, are stated at cost, less accumulated depreciation. Depreciation is recorded over the shorter of the estimated useful life, of one to ten years, or the lease term of the applicable assets using the straight-line method beginning on the date an asset is placed in service. The Company regularly evaluates the estimated remaining useful lives of the Company’s property and equipment, net, to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation. Maintenance and repairs are charged to expense when incurred. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The estimated useful lives for significant property and equipment categories are as follows: SCHEDULE OF ESTIMATED USEFUL LIVES Computer Equipment and Software 1 3 Furniture and Fixtures 2 7 Machinery and Equipment 3 10 Leasehold Improvements Shorter of useful or lease life
Long-Lived Assets, Including Definite-Lived Intangible Assets	Long-Lived Assets, Including Definite-Lived Intangible Assets Intangible assets are stated at cost less accumulated amortization. Amortization is generally recorded on a straight-line basis over estimated useful life of 3 10 Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable through the estimated undiscounted future cash flows derived from such assets. Factors that the Company considers in deciding when to perform an impairment review include significant changes in the Company’s forecasted projections for the asset or asset group for reasons including, but not limited to, significant under-performance of a product in relation to expectations, significant changes, or planned changes in the Company’s use of the assets, significant negative industry or economic trends, and new or competing products that enter the marketplace. The impairment test is based on a comparison of the undiscounted cash flows expected to be generated from the use of the asset group. If impairment is indicated, the asset is written down by the amount by which the carrying value of the asset exceeds the related fair value of the asset with the related impairment charge recognized within the statements of operations.
Leases	Leases Operating lease assets are included within operating lease right-of-use assets, and the corresponding operating lease obligation on the consolidated balance sheets as of December 31, 2022 and 2021 in accordance with ASC 842, Leases
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers To achieve this core principle, five basic criteria must be met before revenue can be recognized: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to performance obligations in the contract; and (5) recognize revenue when or as the Company satisfies a performance obligation. Nature of goods and services The following is a description of the Company’s products and services from which the Company generates revenue, as well as the nature, timing of satisfaction of performance obligations, and significant payment terms for each: Product revenue Product revenue from customer contracts is recognized on the sale of each electric vehicle as vehicles are shipped to customers. The majority of the Company’s vehicle sales orders generally have only one performance obligation: sale and delivery of complete vehicles. Ownership and risk of loss transfers to the customer based on FOB shipping point and freight charges are the responsibility of the customer. Revenue is typically recognized at the point control transfers or in accordance with payment terms customary to the business. The Company provides product warranties to assure that the product assembly complies with agreed upon specifications. The Company’s product warranty is similar in all material respects to the product warranties provided by the Company’s suppliers, therefore minimizing the warranty liability to the standard labor rates associated with the defective part replacement. Customers do not have the option to purchase a warranty separately; as such, warranty is not accounted for as a separate performance obligation. The Company’s policy is to exclude taxes collected from a customer from the transaction price of automotive contracts. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Shipping revenue Amounts billed to customers related to shipping and handling are classified as shipping revenue. The Company has elected to recognize the cost for freight and shipping when control over vehicles has transferred to the customer as an operating expense. The Company has reported shipping expenses of $ 442,932 393,231 Services and other revenue Services and other revenue consist of non-warranty after-sales vehicle services. Revenue is typically recognized at a point in time when services and replacement parts are provided. Miscellaneous income Miscellaneous income consists of late fees charged for receivables not paid within the terms of the customer agreement based upon the outstanding customer receivable balance. This revenue is earned when a customer’s receivable balance becomes delinquent and its collection is reasonably assured and is calculated using a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge.
Segment Reporting	Segment Reporting The Company operates in one business segment which focuses on the manufacturing and sales of environmentally-conscious, minimal-footprint electric vehicles. The Company’s business offerings have similar economic and other characteristics, including the nature of products, manufacturing, types of customers, and distribution methods. The chief operating decision maker (CODM) reviews profit and loss information on a consolidated basis to assess performance and make overall operating decisions. The consolidated financial statements reflect the financial results of the Company’s one reportable operating segment. The Company has no significant revenues or tangible assets outside of the United States.
Income Taxes	Income Taxes The Company accounts for income tax using an asset and liability approach, which allows for the recognition of deferred tax benefits in future years. Under the asset and liability approach, deferred taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The accounting for deferred income tax calculation represents management’s best estimate on the most likely future tax consequences of events that have been recognized in the consolidated financial statements or tax returns and related future anticipation. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future realization is uncertain. As of December 31, 2022 and 2021, there were no accruals for uncertain tax positions.
Warrants and Preferred Shares	Warrants and Preferred Shares The accounting treatment of warrants and preferred share series issued is determined pursuant to the guidance provided by ASC 470, Debt Distinguishing Liabilities from Equity Derivatives and Hedging
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation-Stock Compensation (“ASC 718”). The Company recognizes all employee and non-employee share-based compensation as an expense in the financial statements on a straight-line basis over the requisite service period, based on the terms of the awards. Equity-classified awards principally related to stock options, restricted stock awards (“RSAs”) and equity-based compensation, are measured at the grant date fair value of the award. The Company determines grant date fair value of stock option awards using the Black-Scholes option-pricing model. The fair value of RSAs is determined using the closing price of the Company’s common stock on the grant date. For service based vesting grants, expense is recognized ratably over the requisite service period based on the number of options or shares. For value-based vesting grants, expense is recognized via straight line expense over the expected period per grant as determined by outside valuation experts. Stock-based compensation is reversed for forfeitures in the period of forfeiture. We estimate the fair value of stock-based and cash unit awards containing a market condition using a Monte Carlo simulation model. Key inputs and assumptions used in the Monte Carlo simulation model include the stock price of the award on the grant date, the expected term, the risk-free interest rate over the expected term, the expected annual dividend yield and the expected stock price volatility. The expected volatility is based on a combination of the historical and implied volatility of the Company’s publicly traded, near-the-money stock options, and the valuation period is based on the vesting period of the awards. The risk-free interest rate is derived from the U.S. Treasury yield curve in effect at the time of grant and, since the Company does not currently pay or plan to pay a dividend on its common stock, the expected dividend yield was zero. Stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the underlying equity instrument. The attribution of the fair value of the equity instrument is charged directly to compensation expense over the period during which services are rendered. AYRO, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share Basic and diluted net loss per share is determined by dividing net loss by the weighted average ordinary shares outstanding during the period. For all periods presented with a net loss, the shares underlying the ordinary share options and warrants have been excluded from the calculation because their effect would be anti-dilutive. Therefore, the weighted-average shares outstanding used to calculate both basic and diluted loss per share are the same for periods with a net loss. The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive: SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE For the Years Ended December 31, 2022 2021 Options to purchase common stock 777,922 1,338,675 Restricted stock unvested 660,562 450,000 Restricted stock vested - unissued - 43,000 Warrants outstanding 6,106,023 6,108,823 Preferred stock outstanding 2,475 2,475 Totals 7,546,982 7,942,973
Research and development costs	Research and development costs Costs are incurred in connection with research and development programs that are expected to contribute to future earnings. Such costs include labor, stock-based compensation, training, software subscriptions, and consulting. These amounts are charged to the consolidated statement of operations as incurred. Total research and development expenses included were $ 6,845,451 11,449,617
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13 “Financial Instruments -Credit Losses” (ASC 326) “Measurement of Credit Losses on Financial Instruments: and subsequent amendment to the guidance, ASU 2018-19 in November 2018. The standard significantly changes how entities will measure credit losses for most financial assets, including trade receivables. The standard will replace historic incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SCHEDULE OF ESTIMATED USEFUL LIVES	The estimated useful lives for significant property and equipment categories are as follows: SCHEDULE OF ESTIMATED USEFUL LIVES Computer Equipment and Software 1 3 Furniture and Fixtures 2 7 Machinery and Equipment 3 10 Leasehold Improvements Shorter of useful or lease life
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE	The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive: SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE For the Years Ended December 31, 2022 2021 Options to purchase common stock 777,922 1,338,675 Restricted stock unvested 660,562 450,000 Restricted stock vested - unissued - 43,000 Warrants outstanding 6,106,023 6,108,823 Preferred stock outstanding 2,475 2,475 Totals 7,546,982 7,942,973

REVENUES (Tables)

REVENUES (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATION OF REVENUE	Revenue by type consists of the following: SCHEDULE OF DISAGGREGATION OF REVENUE Years Ended December 31, 2022 2021 Revenue type Product revenue $ 2,716,583 $ 2,419,821 Shipping revenue 229,027 227,089 Miscellaneous Income 44,887 - Service income - 36,687 Total Revenue $ 2,990,497 $ 2,683,597
SCHEDULE OF CONTRACT LIABILITIES	SCHEDULE OF CONTRACT LIABILITIES December 31, December 31, 2022 2021 Balance, beginning of period $ - $ 24,000 Additions - - Transfer to revenue - (24,000 ) Balance, end of period $ - $ -

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Credit Loss [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE	Accounts receivable, net consists of amounts due from invoiced customers and product deliveries and were as follows: SCHEDULE OF ACCOUNTS RECEIVABLE December 31, December 31, 2022 2021 Trade receivables $ 512,420 $ 1,142,567 Less: Allowance for doubtful accounts (2,349 ) (173,138 ) Accounts receivable, net $ 510,071 $ 969,429

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY	Inventory, net consisted of the following: SCHEDULE OF INVENTORY December 31, December 31, 2022 2021 Raw materials $ 330,931 $ 3,481,614 Work-in-progress - 51,441 Finished goods 639,450 210,982 Total $ 970,381 $ 3,744,037

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS	SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS December 31, December 31, 2022 2021 Prepaid final assembly services $ - $ 439,660 Prepayments for inventory 1,174,466 1,622,617 Prepayments for insurance 118,434 - Prepayments on advances on design 75,000 - Prepayments on software 103,851 - Prepaid other 7,094 213,901 Total Prepaid Expenses and Other Current Assets $ 1,478,845 $ 2,276,178

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT, NET	Property and equipment, net consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT, NET December 31, December 31, 2022 2021 Computer and equipment $ 1,970,001 $ 853,695 Furniture and fixtures 323,789 173,155 Lease improvements 952,952 282,271 Prototypes - 300,376 Computer software 455,875 455,875 Property and equipment, gross 3,702,617 2,065,372 Less: Accumulated depreciation (1,510,280 ) (1,230,212 ) Property and equipment, net $ 2,192,337 $ 835,160

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
SCHEDULE OF MARKETABLE SECURITIES	Marketable securities purchased in 2022 consisted of the following: SCHEDULE OF MARKETABLE SECURITIES December 31, 2022 Realized Unrealized Transferred Cost Basis Gains Loss to Cash Total Bonds $ 12,235,258 $ 160,990 $ (1,713 ) $ (10,310,473 ) $ 2,084,062 US Treasury securities 7,764,742 - - - 7,764,742 $ 20,000,000 $ 160,990 $ (1,713 ) $ (10,310,473 ) $ 9,848,804

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
	Dec. 31, 2022
Class of Stock [Line Items]
SCHEDULE OF WARRANT ACTIVITY	A summary of the Company’s warrants to purchase common stock activity is as follows: SCHEDULE OF WARRANT ACTIVITY Shares Underlying Warrants Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Outstanding at December 31, 2020 3,501,014 $ 8.03 2.87 Granted 3,873,711 $ 7.24 Exercised (13,642 ) $ 7.33 Expired (1,252,260 ) $ 8.80 Outstanding at December 31, 2021 6,108,823 $ 7.37 2.31 Expired (2,800 ) 165.60 Outstanding at December 31,2022 6,106,023 $ 7.30 1.32
Series H Convertible Preferred Stock [Member]
Class of Stock [Line Items]
SCHEDULE OF PAYMENT OF PREFERRED STOCK	SCHEDULE OF PAYMENT OF PREFERRED STOCK Number of Series H Preferred Stock outstanding as of December 31, 2022 8 Multiplied by the stated value $ 154 Equals the gross stated value $ 1,232 Divided by the conversion price $ 184.8 Equals the convertible shares of Company Common Stock 6.66 Multiplied by the fair market value of Company Common Stock as of December 31, 2022 $ 0.38 Liquidation Value $ 2.66
Convertible Preferred Stock Series H-3 [Member]
Class of Stock [Line Items]
SCHEDULE OF PAYMENT OF PREFERRED STOCK	SCHEDULE OF PAYMENT OF PREFERRED STOCK Number of Series H-3 Preferred Stock outstanding as of December 31, 2022 1,234 Multiplied by the stated value $ 138 Equals the gross stated value $ 170,292 Divided by the conversion price $ 165.6 Equals the convertible shares of Company Common Stock 1,028 Multiplied by the fair market value of Company Common Stock as of December 31, 2022 $ 0.38 Liquidation Value $ 391
Series H Six Convertible Preferred Stock [Member]
Class of Stock [Line Items]
SCHEDULE OF PAYMENT OF PREFERRED STOCK	SCHEDULE OF PAYMENT OF PREFERRED STOCK Number of Series H-6 Preferred Stock outstanding as of December 31, 2022 50 Number of Series H Preferred Stock outstanding as of December 31, 2022 50 Multiplied by the stated value $ 72 Equals the gross stated value $ 3,600 Divided by the conversion price $ 2.5 Equals the convertible shares of Company Common Stock 1,440 Multiplied by the fair market value of Company Common Stock as of December 31, 2022 $ 0.38 Liquidation Value $ 547

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF STOCK-BASED COMPENSATION	Stock-based compensation, including stock options, and restricted stock, expense is included in the consolidated statement of operations as follows: SCHEDULE OF STOCK-BASED COMPENSATION 2022 2021 Years Ended December 31, 2022 2021 Research and development $ 21,922 $ 73,447 Sales and marketing 25,811 224,076 General and administrative 1,192,396 7,258,760 Total $ 1,240,129 $ 7,556,282
SCHEDULE OF STOCK-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY	The following table reflects the stock option activity: SCHEDULE OF STOCK-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY Number of Shares Weighted Average Exercise Price Contractual Life (Years) Outstanding at December 31, 2020 1,920,269 $ 4.40 8.66 Exercised (555,004 ) $ (2.72 ) Forfeitures (26,590 ) $ (2.52 ) Outstanding at December 31, 2021 1,338,675 $ 5.14 8.26 Granted 173,500 0.97 Exercised - - Forfeitures (734,253 ) 3.13 Outstanding at December 31, 2022 777,922 6.15 7.56
SCHEDULE OF STOCK-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS	The Company uses the following inputs when valuing stock-based awards. SCHEDULE OF STOCK-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS For the Years Ended December 31, 2022 2021 Expected life (years) 6 n/a Risk-free interest rate 3.04 % n/a Expected volatility 128.67 % n/a Stock Price $ 0.84 n/a Exercise Price $ 0.97 n/a
SCHEDULE OF RESTRICTED STOCK ACTIVITY	The following table reflects the restricted stock activity: SCHEDULE OF RESTRICTED STOCK ACTIVITY Number of Shares Weighted Average Grant Price Outstanding at December 31, 2020 1,072,503 $ 5.30 Granted 622,000 $ 3.91 Vested (1,201,891 ) $ 5.71 Forfeitures (42,612 ) $ 3.17 Outstanding at December 31, 2021 450,000 $ 2.48 Granted 542,248 $ 1.06 Vested (331,686 ) $ 1.29 Outstanding at December 31, 2022 660,562 $ 1.91

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF COMPONENTS OF LEASE EXPENSES	The components of lease expense consist of the following: SCHEDULE OF COMPONENTS OF LEASE EXPENSES 2022 2021 Years Ended December 31, 2022 2021 Operating lease expense $ 409,543 $ 462,105 Short-term lease expense 153,572 8,296 Total lease cost $ 563,115 $ 470,401
SCHEDULE OF OPERATING LEASES RIGHT OF USE ASSETS AND LIABILITIES	Balance sheet information related to leases consists of the following: SCHEDULE OF OPERATING LEASES RIGHT OF USE ASSETS AND LIABILITIES December 31, 2022 December 31, 2021 Assets Operating lease – right-of-use asset $ 819,401 $ 1,012,884 Total lease assets $ 819,401 $ 1,012,884 Liabilities Current liabilities: Lease obligation – operating lease $ 165,767 $ 206,426 Noncurrent liabilities: Lease obligation - operating lease, net of current portion 693,776 859,543 Total lease liability $ 859,543 $ 1,065,969
SCHEDULE OF WEIGHTED- AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE	The weighted-average remaining lease term and discount rate is as follows: SCHEDULE OF WEIGHTED- AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE Weighted average remaining lease term (in years) – operating lease 4.25 Weighted average discount rate – operating lease 10.41 %
SCHEDULE OF CASH FLOW INFORMATION	Cash flow information related to leases consists of the following: SCHEDULE OF CASH FLOW INFORMATION December 31, 2022 December 31, 2021 Operating cash flows for operating leases $ 306,689 $ 180,404 Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets $ - $ 120,440
SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES	Future minimum lease payment under non-cancellable lease as of December 31, 2022 are as follows: SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES As of December 31, 2022 Operating Leases 2023 247,533 2024 254,277 2025 261,223 2026 268,378 2027 44,929 Total minimum lease payments 1,076,340 Less effects of discounting (216,797 ) Present value of future minimum lease payments $ 859,543

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
SCHEDULE OF RECONCILIATION STATUTORY FEDERAL INCOME TAX RATE	The following is a reconciliation of the statutory federal income tax rate applied to pre-tax net loss compared to the income taxes in the statement of operations as of December 31, 2022 and 2021. SCHEDULE OF RECONCILIATION STATUTORY FEDERAL INCOME TAX RATE December 31, 2022 December 31, 2021 Income tax benefit at statutory U.S. federal rate $ (4,816,424 ) $ (6,946,677 ) Permanent differences - equity based compensation 51,381 310,384 Income tax benefit attributable to U.S. states (936,810 ) (965,708 ) Permanent difference - non-deductible compensation - 765,339 Basis adjustments - 70,544 Change in valuation allowance 5,701,853 6,766,118 Total income tax expense $ - $ -
SCHEDULE OF DEFERRED TAX	Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following table sets forth deferred income tax assets and liabilities as of the date shown: SCHEDULE OF DEFERRED TAX December 31, 2022 December 31, 2021 Deferred tax assets: Net operating losses $ 15,843,010 $ 11,733,274 Intangible assets 99,566 85,758 Capitalized research and development expense 1,490,870 - Equity based compensation 743,567 569,350 Warrants 156,851 156,851 Accrued compensation 1,467 33,147 Property and equipment 1,492 73,646 Lease liability 210,195 260,674 Other 113,487 93,268 Deferred tax assets 18,660,505 13,005,968 Deferred tax liabilities ROU asset (200,379 ) (247,695 ) Deferred tax liabilities (200,379 ) (247,695 ) Valuation allowance 18,460,126 12,758,273 Net deferred tax asset/(liability) $ - $ -
SCHEDULE OF INCOME TAX EXAMINATION	The following table sets for the tax years subject to examination for the major jurisdictions where the Company conducts business as of December 31, 2022. SCHEDULE OF INCOME TAX EXAMINATION Federal 2016 to 2022 Georgia 2019 to 2022

LIQUIDITY AND OTHER UNCERTAIN_2

LIQUIDITY AND OTHER UNCERTAINTIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Liquidity And Other Uncertainties
Net losses	$ 22,935,353	$ 33,079,414
Net cash provided by (used in) operating activities	18,728,643	26,631,485
Cash and cash equivalents, at carrying value	39,096,562	69,160,466
Marketable securities, current	9,848,804
Working capital	$ 22,639,376

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIVES (Details)	12 Months Ended
	Dec. 31, 2022
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, estimated useful lives	1 year
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, estimated useful lives	3 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, estimated useful lives	2 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, estimated useful lives	7 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, estimated useful lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, estimated useful lives	10 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, estimated useful lives	Shorter of useful or lease life

SCHEDULE OF ANTIDILUTIVE SECURI

SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Totals	7,546,982	7,942,973
Options to Purchase Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Totals	777,922	1,338,675
Restricted Stock Unvested [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Totals	660,562	450,000
Restricted Stock Vested Unissued [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Totals		43,000
Warrants Outstanding [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Totals	6,106,023	6,108,823
Preferred Stock Outstanding [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Totals	2,475	2,475

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Marketable securities	$ 9,848,804
Allowance for doubtful accounts	2,349	173,138
Cost of goods sold	6,043,506	4,774,784
Shipping expenses	442,932	393,231
Research and development expenses	$ 6,845,451	$ 11,449,617
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of intangible assets	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of intangible assets	10 years
Cenntro Automotive Group Ltd [Member]
Property, Plant and Equipment [Line Items]
Inventory write down	$ 1,317,289
Cost of goods sold	621,097
Fleet Inventory [Member]
Property, Plant and Equipment [Line Items]
Inventory write down	1,317,289
Club Car Discount [Member]
Property, Plant and Equipment [Line Items]
Inventory write down	413,561
Inventory reserves	124,375
Impairment of inventory	$ 2,476,322

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 2,990,497	$ 2,683,597
Product [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	2,716,583	2,419,821
Shipping Revenue [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	229,027	227,089
Miscellaneous Income [Member]
Disaggregation of Revenue [Line Items]
Total Revenue	44,887
Service Income [Member]
Disaggregation of Revenue [Line Items]
Total Revenue		$ 36,687

SCHEDULE OF CONTRACT LIABILITIE

SCHEDULE OF CONTRACT LIABILITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Balance, beginning of period		$ 24,000
Additions
Transfer to revenue		(24,000)
Balance, end of period

REVENUES (Details Narrative)

REVENUES (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Warranty reserves	$ 410,017	$ 240,517

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Credit Loss [Abstract]
Trade receivables	$ 512,420	$ 1,142,567
Less: Allowance for doubtful accounts	(2,349)	(173,138)
Accounts receivable, net	$ 510,071	$ 969,429

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Credit Loss [Abstract]
Changes in allowance for doubtful accounts receivable	$ 170,789
Bad debt expense	$ 4,485	$ 99,309

SCHEDULE OF INVENTORY (Details)

SCHEDULE OF INVENTORY (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 330,931	$ 3,481,614
Work-in-progress		51,441
Finished goods	639,450	210,982
Total	$ 970,381	$ 3,744,037

INVENTORY, NET (Details Narrati

INVENTORY, NET (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Inventory [Line Items]
Depreciation expenses	$ 580,445	$ 314,164
Fleet Inventory [Member]
Inventory [Line Items]
Depreciation expenses	87,586	$ 95,544
Inventory write down	1,317,289
Club Car Discount [Member]
Inventory [Line Items]
Inventory write down	413,561
Inventory reserve	$ 124,375

SCHEDULE OF PREPAID EXPENSES AN

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid final assembly services		$ 439,660
Prepayments for inventory	1,174,466	1,622,617
Prepayments for insurance	118,434
Prepayments on advances on design	75,000
Prepayments on software	103,851
Prepaid other	7,094	213,901
Total Prepaid Expenses and Other Current Assets	$ 1,478,845	$ 2,276,178

PREPAID EXPENSES AND OTHER CU_3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cost of goods sold	$ 6,043,506	$ 4,774,784
Cenntro Automotive Group Ltd [Member]
Prepaid expenses and accrued expenses, net		$ 602,016
Cost of goods sold	$ 621,097

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,702,617	$ 2,065,372
Less: Accumulated depreciation	(1,510,280)	(1,230,212)
Property and equipment, net	2,192,337	835,160
Computer And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,970,001	853,695
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	323,789	173,155
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	952,952	282,271
Prototypes [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		300,376
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 455,875	$ 455,875

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Depreciation	$ 580,445	$ 314,164
Retiring Legacy Assets [Member]
Property, Plant and Equipment [Line Items]
Depreciation	$ 101,581

SCHEDULE OF MARKETABLE SECURITI

SCHEDULE OF MARKETABLE SECURITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net Investment Income [Line Items]
Cost Basis	$ 20,000,000
Gross Realized Gains	160,990
Gross Unrealized Losses	(1,713)
Transferred to Cash	(10,310,473)
Fair Value	9,848,804
Bonds [Member]
Net Investment Income [Line Items]
Cost Basis	12,235,258
Gross Realized Gains	160,990
Gross Unrealized Losses	(1,713)
Transferred to Cash	(10,310,473)
Fair Value	2,084,062
US Treasury Securities [Member]
Net Investment Income [Line Items]
Cost Basis	7,764,742
Gross Realized Gains
Transferred to Cash
Fair Value	$ 7,764,742

SCHEDULE OF PAYMENT OF PREFERRE

SCHEDULE OF PAYMENT OF PREFERRED STOCK (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Convertible Preferred Stock Series H [Member]
Class of Stock [Line Items]
Number of Series H Preferred Stock outstanding as of December 31, 2022	8	8
Multiplied by the stated value	$ 154
Equals the gross stated value	$ 1,232
Divided by the conversion price	$ 184.8
Equals the convertible shares of Company Common Stock	6.66
Multiplied by the fair market value of Company Common Stock as of December 31, 2022	$ 0.38
Liquidation Value	$ 2.66
Convertible Preferred Stock Series H-3 [Member]
Class of Stock [Line Items]
Number of Series H Preferred Stock outstanding as of December 31, 2022	1,234	1,234
Multiplied by the stated value	$ 138
Equals the gross stated value	$ 170,292
Divided by the conversion price	$ 165.6
Equals the convertible shares of Company Common Stock	1,028
Multiplied by the fair market value of Company Common Stock as of December 31, 2022	$ 0.38
Liquidation Value	$ 391
Convertible Preferred Stock Series H-6 [Member]
Class of Stock [Line Items]
Number of Series H Preferred Stock outstanding as of December 31, 2022	50	50
Multiplied by the stated value	$ 72
Equals the gross stated value	$ 3,600
Divided by the conversion price	$ 2.5
Equals the convertible shares of Company Common Stock	1,440
Multiplied by the fair market value of Company Common Stock as of December 31, 2022	$ 0.38
Liquidation Value	$ 547

SCHEDULE OF WARRANT ACTIVITY (D

SCHEDULE OF WARRANT ACTIVITY (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Shares Underlying Warrants Outstanding	6,108,823	3,501,014
Weighted Average Exercise Price Outstanding	$ 7.37	$ 8.03
Weighted Average Remaining Contractual Life	2 years 3 months 21 days	2 years 10 months 13 days
Shares Underlying Warrants Granted		3,873,711
Weighted Average Exercise Price Granted		$ 7.24
Shares Underlying Warrants Exercised		(13,642)
Weighted Average Exercise Price Exercised		$ 7.33
Shares Underlying Warrants Expired	(2,800)	(1,252,260)
Weighted Average Exercise Price Expired	$ 165.60	$ 8.80
Shares underlying warrants outstanding	6,106,023	6,108,823
Weighted Average Exercise Price Outstanding	$ 7.30	$ 7.37
Weighted Average Remaining Contractual Life	1 year 3 months 25 days

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)

1 Months Ended

3 Months Ended

12 Months Ended

Feb. 01, 2022

Mar. 17, 2021

Feb. 24, 2021

Feb. 11, 2021

Jan. 25, 2021

Nov. 22, 2020

Sep. 25, 2020

Jul. 21, 2020

Feb. 05, 2020

Feb. 28, 2021

Dec. 31, 2020

Dec. 31, 2022

Dec. 31, 2021

Jul. 22, 2020

Jul. 08, 2020

Jun. 19, 2020

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common stock, par value

$ 0.0001

$ 0.0001

Offering price

$ 0.84

Shares issued for exercised stock options

$ 1,506,999

Preferred stock, shares authorized

20,000,000

20,000,000

Warrant exercise price

$ 8.03

$ 7.30

$ 7.37

Warrants outstanding

3,501,014

6,106,023

6,108,823

Share based compensation expenses

$ 1,240,129

$ 7,556,282

Series H Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Preferred stock stated value

$ 154

Convertible conversion price increase

$ 184.80

Series H Preferred Stock [Member] | Affiliates [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Aggregate issued and outstanding shares percentage

9.99%

Series H-3 Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Preferred stock stated value

$ 138

Series H-3 Preferred Stock [Member] | Affiliates [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Aggregate issued and outstanding shares percentage

9.99%

Series H-6 Convertible Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Preferred stock stated value

$ 72

Convertible conversion price increase

$ 3.60

$ 3.60

Preferred stock, shares authorized

50,000

Preferred stock, conversion price description

Each share of Series H-6 Preferred Stock is convertible at any time at the option of the holder thereof, into a number of shares of common stock of the Company determined by dividing the H-6 Stated Value by the initial conversion price of $3.60 per share, which was then further reduced to $2.50 under the anti-dilution adjustment provision, subject to a 9.99% blocker provision.

Series H-6 Convertible Preferred Stock [Member] | Affiliates [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Aggregate issued and outstanding shares percentage

9.99%

Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares issued for exercised stock options, shares

555,004

Shares issued for exercised stock options

$ 55

Preferred Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Reverse stock split, description

Upon closing of the Merger, the Company assumed the Series H, H-3 and H-6 preferred stock of DropCar, Inc., which respective conversion prices have been adjusted to reflect the May 2020 one-for-five reverse split.

Preferred stock, shares authorized

8,472,500

Conversion of stock shares

7,360,985

Conversion of stock shares issued

2,007,193

Securities Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Proceeds from sale of common stock

$ 20,000,000

$ 1,512,500

Shares issued for exercised stock options, shares

555,004

Shares issued for exercised stock options

$ 100,000

$ 1,506,999

Warrants to purchase common stock

233,334

3,566,668

Warrant exercise price

$ 6.93

Securities Purchase Agreement [Member] | Investor [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of additional shares purchased

302,500

Securities Purchase Agreement [Member] | Additional Shares [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued

4,400,001

Common stock, par value

$ 0.0001

0.0001

$ 0.0001

Offering price

$ 9.50

$ 6

$ 5

Proceeds from sale of common stock

$ 41,800,008

Offering expenses

$ 3,394,054

Purchase of additional shares description

(i) sell up to 5% of such stockholder’s holdings in the Company’s common stock on any trading day (with such 5% limitation to be measured as of the date of each sale) and (ii) allow for unlimited sales of the Company’s common stock for any sales made at $10.00 per share or greater.

Each purchaser was also granted an option to purchase, on or before February 16, 2022, additional shares of common stock equal to the full amount of 75% of the common stock it purchased at the initial closing, or an aggregate of 3,300,001 shares, at an exercise price of $11.50 per share.

Securities Purchase Agreement [Member] | Additional Shares [Member] | Investor [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued

3,300,001

Offering price

$ 11.50

Securities Purchase Agreement [Member] | Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Shares issued for exercised stock options, shares

13,642

January 2021 Offering [Member] | Securities Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued

3,333,334

Warrant exercise price

$ 6.93

January 2021 Offering [Member] | Securities Purchase Agreement [Member] | Additional Shares [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares issued

3,333,334

Common stock, par value

$ 0.0001

Offering price

$ 6

Proceeds from sale of common stock

$ 20,000,004

Offering expenses

$ 1,648,608

Restricted Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares vested

374,686

1,158,891

Restricted Stock [Member] | Director [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted shares

442,248

Share price

$ 1.29

Restricted Stock [Member] | Director [Member] | 2020 Long-Term Incentive Plan [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of restricted shares

442,249

172,000

Share price

$ 1.29

$ 7.66

Number of restricted shares issued and vested

331,686

Restricted Stock [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Common Stock, Shares Subscribed but Unissued

43,000

Series H-3 Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Conversion price per share

$ 165.60

Warrants to purchase common stock

2,800

Warrant exercise price

$ 165.60

Warrants outstanding

2,800

Warrants and rights outstanding term

5 years

Seed Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

461,647

Warrant exercise price

$ 7.33

Warrants outstanding

448,005

Series I Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

14,636

Warrant exercise price

$ 69

Warrants outstanding

14,636

Warrants description

If at any time (i) the volume weighted average price (“VWAP”) of the Common Stock exceeds $138.00 for not less than the mandatory exercise measuring period; (ii) the daily average number of shares of Common Stock traded during the mandatory exercise measuring period equals or exceeds 25,000; and (iii) no equity conditions failure has occurred as of such date, then the Company shall have the right to require the holder to exercise all or any portion of the Series I Warrants still unexercised for a cash exercise.

Warrant weighted average exercise price

$ 138

Series H-4 Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrant exercise price

$ 15.60

Warrants outstanding

37,453

Anti-dilution price protection price per share

$ 15.60

Series J Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

52,023

Warrant exercise price

$ 30

Warrants outstanding

52,023

Warrants description

If at any time (i) the VWAP of the Common Stock exceeds $9.00 for not less than the mandatory exercise measuring period; (ii) the daily average number of shares of Common Stock traded during the mandatory exercise measuring period equals or exceeds 25,000; and (iii) no equity conditions failure has occurred as of such date, then the Company shall have the right to require the holder to exercise all or any portion of the Series J Warrants still unexercised for a cash exercise.

Exceeds warrant price per share

$ 45

Series H-5 Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

296,389

Warrant exercise price

$ 2.50

Warrants outstanding

348,476

Warrants description

The H-5 Warrants are entitled to certain anti-dilution adjustments if the Company issues shares of its common stock at a lower price per share than the applicable exercise price (subject to a floor of $0.792 per share). An anti-dilution adjustment was triggered resulting in an adjusted exercise price per share from $3.96 to $2.50, resulting in an issuance of an additional 173,091 warrants that are exercisable at $2.50 per share.

Warrants and rights outstanding term

5 years

Series H-5 Warrants [Member] | Minimum [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrant exercise price

$ 3.96

Series H-5 Warrants [Member] | Maximum [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrant exercise price

$ 2.50

Number of warrants issued

173,091

June Finder Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

27,273

Warrant exercise price

$ 2.75

Warrants outstanding

27,273

Warrants and rights outstanding term

5 years

June Placement Agent Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

126,000

126,000

Warrant exercise price

$ 2.875

July 8 Finder Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

71,770

71,770

Warrant exercise price

$ 5.225

July 8 Placement Agent Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

147,368

147,368

Warrant exercise price

$ 5.4625

Warrants and rights outstanding term

5 years

July 22 Placement Agent Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

129,500

129,500

Warrant exercise price

$ 5.750

Warrants and rights outstanding term

5 years

September Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

31,348

31,348

Warrant exercise price

$ 3.19

Warrant expiration description

The September Warrant is immediately exercisable and expires on September 25, 2025.

Decrease in exercise price

$ 2.13

Share based compensation expenses

$ 66,845

Series A Warrants and Series B [Member] | Securities Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Value of common stock issued

$ 9,999,997

Series A Warrants [Member] | Securities Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

1,237,624

0

Warrant exercise price

$ 8.09

Warrant expiration date

May 24, 2021

Series B Warrants [Member] | Securities Purchase Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

825,084

825,084

Warrant exercise price

$ 8.90

November Finder Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

56,256

Warrant exercise price

$ 6.6660

November Placement Agent Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

57,756

Warrant exercise price

$ 6.9690

Warrants description

The November Finder Warrants and November Placement Agent Warrants terminate after a period of 5 years on November 22, 2025.

February Finder Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

15,574

51,459

Warrant exercise price

$ 10.925

February Finder Warrants [Member] | Common Stock [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

35,885

Warrant exercise price

$ 10.45

February Placement Agent Warrants [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase common stock

255,584

255,584

Warrants and rights outstanding term

5 years

SCHEDULE OF STOCK-BASED COMPENS

SCHEDULE OF STOCK-BASED COMPENSATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total	$ 1,240,129	$ 7,556,282
Research And Development [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total	21,922	73,447
Sales And Marketing [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total	25,811	224,076
General And Administrative [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total	$ 1,192,396	$ 7,258,760

SCHEDULE OF STOCK-BASED COMPE_2

SCHEDULE OF STOCK-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY (Details) - Common Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Number of Stock options outstanding, Beginning balance	1,338,675	1,920,269
Weighted Average Exercise Price Outstanding, Beginning balance	$ 5.14	$ 4.40
Weighted average remaining contractual life	8 years 3 months 3 days	8 years 7 months 28 days
Number of Stock options, Exercised		(555,004)
Weighted Average Exercise Price Outstanding, Exercised		$ (2.72)
Number of Stock options, Forfeitures	(734,253)	(26,590)
Weighted Average Exercise Price Outstanding, Forfeitures	$ 3.13	$ (2.52)
Number of Stock options, Granted	173,500
Weighted Average Exercise Price Outstanding, Granted	$ 0.97
Number of Stock options outstanding, Ending balance	777,922	1,338,675
Weighted Average Exercise Price Outstanding, Ending balance	$ 6.15	$ 5.14
Weighted average remaining contractual life	7 years 6 months 21 days

SCHEDULE OF STOCK-BASED PAYMENT

SCHEDULE OF STOCK-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares
Share-Based Payment Arrangement [Abstract]
Expected life (years)	6 years
Risk-free interest	3.04%
Expected volatility	128.67%
Share price	$ 0.84
Exercise price	$ 0.97

SCHEDULE OF RESTRICTED STOCK AC

SCHEDULE OF RESTRICTED STOCK ACTIVITY (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares, Outstanding, Beginning balance	450,000	1,072,503
Weighted Average Grant Price, Outstanding, Beginning balance	$ 2.48	$ 5.30
Number of shares, Granted	542,248	622,000
Weighted Average Grant Price, Granted	$ 1.06	$ 3.91
Number of shares, Vested	(331,686)	(1,201,891)
Weighted Average Grant Price, Vested	$ 1.29	$ 5.71
Number of shares, Forfeited		(42,612)
Weighted Average Grant Price, Forfeited		$ 3.17
Number of shares, Outstanding, Ending balance	660,562	450,000
Weighted Average Grant Price, Outstanding, Ending balance	$ 1.91	$ 2.48

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details Narrative) - USD ($)						1 Months Ended			12 Months Ended
	Aug. 23, 2022	May 06, 2022	Feb. 01, 2022	Feb. 24, 2021	Feb. 24, 2021	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation expenses									$ 1,240,129	$ 7,556,282
Volatility rate									128.67%
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options granted		173,000
Number of shares vested									612,963
Aggregate intrinsic value of stock options vested and exercisable									$ 0
Compensation expenses									65,291	$ 1,232,402
Cost not yet recognized									$ 142,648
Grant date fair value		$ 0.97
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares vested									374,686	1,158,891
Compensation expenses									$ 522,958	$ 0
Cost not yet recognized									42,788
Restricted Stock [Member] | ThomasM Wittens Chlaeger [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation expenses									646,771	180,215
Cost not yet recognized									$ 290,118
Number of restricted stock units						450,000
Share price						$ 2.48
Volatility rate									110%
Restricted Stock [Member] | David E. Hollingsworth [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation expenses									$ 1,001	0
Restricted Stock [Member] | Directors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares vested								15,115
Compensation expenses									0	699,527
Number of restricted stock units								436,368
Restricted stock vesting description								vest in December 2020, which was subsequently modified to vest in full in May 2021.
Restricted Stock [Member] | Keller Award [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation expenses									$ 0	4,126,618
Number of restricted stock units							651,250
Restricted stock vesting description							the following vesting schedule: one-third vested on May 28, 2021, one-third was to vest on December 4, 2021 and one-third was to vest on December 4, 2022.
Restricted stock shares vested but not issued						$ 434,166
Restricted Stock [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted stock units			442,248
Share price			$ 1.29
Restricted Stock [Member] | David E. Hollingsworth [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted stock units	100,000
Share price	$ 0.03
2020 Long Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares reserved									4,089,650
Number of options granted									1,158,899
2017 Long Term Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares reserved									477,983
Options to purchase shares outstanding									128,606
Number of stock options available for grants									0
2014 Equity Incentive Plan [Member] | DropCar Inc [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares reserved									141,326
Number of stock options available for grants									0
2020 Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Directors [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Compensation expenses										$ 329,380
Number of restricted stock units					172,000
Share price				$ 7.66	$ 7.66
2020 Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of restricted stock units			442,249	172,000
Share price			$ 1.29	$ 7.66	$ 7.66
Number of restricted shares issued and vested									331,686

CONCENTRATIONS AND CREDIT RISK

CONCENTRATIONS AND CREDIT RISK (Details Narrative)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Sales Revenue [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk percentage	100%
Sales Revenue [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Concentration Risk [Line Items]
Concentration risk percentage		79%
Sales Revenue [Member] | Customer Concentration Risk [Member] | Customer Two [Member]
Concentration Risk [Line Items]
Concentration risk percentage		20%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Concentration Risk [Line Items]
Concentration risk percentage	87%
Cost of Goods and Service, Product and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier One [Member]
Concentration Risk [Line Items]
Concentration risk percentage	50%	62%
Cost of Goods and Service, Product and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier Two [Member]
Concentration Risk [Line Items]
Concentration risk percentage	19%	9%
Cost of Goods and Service, Product and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Three Supplier [Member]
Concentration Risk [Line Items]
Concentration risk percentage	10%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Due to related parties	$ 15,000	$ 15,000
Board of Directors Chairman [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 60,000

SCHEDULE OF COMPONENTS OF LEASE

SCHEDULE OF COMPONENTS OF LEASE EXPENSES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 409,543	$ 462,105
Short-term lease expense	153,572	8,296
Total lease cost	$ 563,115	$ 470,401

SCHEDULE OF OPERATING LEASES RI

SCHEDULE OF OPERATING LEASES RIGHT OF USE ASSETS AND LIABILITIES (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease – right-of-use asset	$ 819,401	$ 1,012,884
Total lease assets	819,401	1,012,884
Lease obligation – operating lease	165,767	206,426
Lease obligation - operating lease, net of current portion	693,776	859,543
Total lease liability	$ 859,543	$ 1,065,969

SCHEDULE OF WEIGHTED- AVERAGE R

SCHEDULE OF WEIGHTED- AVERAGE REMAINING LEASE TERM AND DISCOUNT RATE (Details)	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Weighted average remaining lease term (in years) - operating lease	4 years 3 months
Weighted average discount rate - operating lease	10.41%

SCHEDULE OF CASH FLOW INFORMATI

SCHEDULE OF CASH FLOW INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating cash flows for operating leases	$ 306,689	$ 180,404
Supplemental non-cash amounts of lease liabilities arising from obtaining right of use assets		$ 120,440

SCHEDULE OF FUTURE MINIMUM RENT

SCHEDULE OF FUTURE MINIMUM RENTAL PAYMENTS FOR OPERATING LEASES (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
2023	$ 247,533
2024	254,277
2025	261,223
2026	268,378
2027	44,929
Total minimum lease payments	1,076,340
Less effects of discounting	(216,797)
Present value of future minimum lease payments	$ 859,543	$ 1,065,969

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)			1 Months Ended	12 Months Ended
	Sep. 25, 2020	Jan. 02, 2019	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share based compensation				$ 1,240,129	$ 7,556,282
Operating expense				20,223,897	31,037,683
Termination fee				750,000
Cost of goods sold				$ 6,043,506	4,774,784
Operating sub lease, expansion description			Company subleased additional office space to support the Company’s expansion plan. The term is for 16 months with no lease obligation remaining as of December 31, 2022.
Remaining term of lease				4 years 3 months
Lease liabilities				$ 859,543	1,065,969
Other accrued liabilities, current					476,280
Cenntro Automotive Group Ltd [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Prepaid balance				0	602,016
Cost of goods sold				621,097
Inventory written-off				1,317,289
DropCar Operating, Inc. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Settlement of multiple employment disputes		$ 232,000
Remaning accounts payable and accrued liabilities					3,500
Legal fees				45,000
Master Manufacturing Services Agreement [Member] | Karma Automotive, LLC [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share based compensation	$ 1,160,800
Master Manufacturing Services Agreement [Member] | Karma Automotive, LLC [Member] | Advisor [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Repayments of related party debt	66,845
Master Manufacturing Services Agreement [Member] | Karma Automotive, LLC [Member] | First Production Level Builds [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Repayments of related party debt	440,000
Operating expense					641,140
Settlement of multiple employment disputes				468,480
Pre-production costs				$ 73,333
Master Manufacturing Services Agreement [Member] | Karma Automotive, LLC [Member] | Setup Costs [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Repayments of related party debt	$ 80,000
New Lease Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Incremental borrowing rate for the lease			10.41%
Remaining term of lease				4 years 3 months
Lease liabilities				$ 306,689	$ 180,404

SCHEDULE OF RECONCILIATION STAT

SCHEDULE OF RECONCILIATION STATUTORY FEDERAL INCOME TAX RATE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax benefit at statutory U.S. federal rate	$ (4,816,424)	$ (6,946,677)
Permanent differences - equity based compensation	51,381	310,384
Income tax benefit attributable to U.S. states	(936,810)	(965,708)
Permanent difference - non-deductible compensation		765,339
Basis adjustments		70,544
Change in valuation allowance	5,701,853	6,766,118
Total income tax expense

SCHEDULE OF DEFERRED TAX (Detai

SCHEDULE OF DEFERRED TAX (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Net operating losses	$ 15,843,010	$ 11,733,274
Intangible assets	99,566	85,758
Capitalized research and development expense	1,490,870
Equity based compensation	743,567	569,350
Warrants	156,851	156,851
Accrued compensation	1,467	33,147
Property and equipment	1,492	73,646
Lease liability	210,195	260,674
Other	113,487	93,268
Deferred tax assets	18,660,505	13,005,968
ROU asset	(200,379)	(247,695)
Deferred tax liabilities	(200,379)	(247,695)
Valuation allowance	18,460,126	12,758,273
Net deferred tax asset/(liability)

SCHEDULE OF INCOME TAX EXAMINAT

SCHEDULE OF INCOME TAX EXAMINATION (Details)	12 Months Ended
	Dec. 31, 2022
GEORGIA, REPUBLIC OF
Operating Loss Carryforwards [Line Items]
Income tax examiation year	2019 to 2022
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Income tax examiation year	2016 to 2022

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Deferred tax assets, operating loss carryforward	$ 15,843,010	$ 11,733,274
Operating loss carryforwards maturity description	20-year carry forward, with a portion beginning to expire in 2036.
Capitalization of research and development costs	$ 6,845,451	11,449,617
Tax Cuts And Jobs Act [Member]
Operating Loss Carryforwards [Line Items]
Capitalization of research and development costs	6,729,353
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Deferred tax assets, operating loss carryforward	64,332,435	48,152,539
Net operating loss carryforwards	995,801
Operating loss indefinite carryforwards	63,336,634
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 48,091,426	$ 34,824,332

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	Jan. 27, 2023 shares
Restricted Stock [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Issuance of common stock upon vesting of restrcited stock	110,562