Arcimoto (FUVV) 10-K 30 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 22, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Arcimoto Inc
Entity Central Index Key	1,558,583
Amendment Flag	false
Trading Symbol	FUV
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 28,775,010
Entity Common Stock, Shares Outstanding		15,919,215

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 7,824,109	$ 414,405
Certificates of deposit	6,246,850
Accounts receivable	500	583
Inventory	194,525	26,825
Other current assets	401,160	28,207
Total current assets	14,667,144	470,020
Property and equipment, net	2,434,026	8,805
Deferred offering cost		40,000
Total assets	17,101,170	518,825
Current liabilities
Accounts payable	663,773	81,045
Accrued liabilities	255,758	102,776
Customer deposits	399,967	386,035
Notes payable		250,000
Total current liabilities	1,319,498	819,856
Long-term convertible notes payable		275,000
Long-term convertible notes payable to related party		50,000
Total liabilities	1,319,498	1,144,856
Commitments and contingencies (Note 10)
Stockholders' equity (deficit):
Series A-1 preferred stock, no par value, 1,500,000 authorized, 0 issued and outstanding as of December 31, 2017 and 2016.
Common stock, no par value, 20,000,000 authorized, 15,872,001 and 12,337,466 issued and outstanding as of December 31, 2017 and 2016, respectively.	27,177,790	7,637,494
Additional paid-in capital	519,340	336,606
Accumulated deficit	(11,915,458)	(8,600,131)
Total stockholders' equity (deficit)	15,781,672	(626,031)
Total liabilities and stockholders' equity (deficit)	$ 17,101,170	$ 518,825

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Series A-1 preferred stock, par value
Series A-1 preferred stock, shares authorized	1,500,000	1,500,000
Series A-1 preferred stock, shares issued	0	0
Series A-1 preferred stock, shares outstanding	0	0
Common stock, par value
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	15,872,001	12,337,466
Common stock, shares outstanding	15,872,001	12,337,466

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenue
Grant revenue	$ 40,580
Product sales - related party	42,000
Product sales	44,436
Total revenues	127,016
Cost of goods sold	78,439
Gross profit	48,577
Operating expenses
Research and development	1,451,394	974,806
Sales and marketing	827,941	472,108
General and administrative	1,063,635	459,990
Total operating expenses	3,342,970	1,906,904
Loss from operations	(3,294,393)	(1,906,904)
Other income and expense
Interest expense	(34,143)	(12,816)
Other income, net	13,209	241
Net loss	$ (3,315,327)	$ (1,919,479)
Weighted-average common shares outstanding - basic and diluted	13,554,282	9,964,403
Net loss per common share - basic and diluted	$ (0.24)	$ (0.19)

Statements of Stockholders' Equ

Statements of Stockholders' Equity (Deficit) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Series A-1 Preferred Stock
Balance at Dec. 31, 2015	$ 777,128	$ 3,804,561	$ 288,231	$ (6,680,652)	$ 3,364,988
Balance, shares at Dec. 31, 2015		9,957,884			1,095,991
Issuance of Series A-1 preferred stock	467,945				$ 467,945
Issuance of Series A-1 preferred stock, shares					93,800
Conversion of Series A-1 preferred stock		$ 3,832,933			$ (3,832,933)
Conversion of Series A-1 preferred stock, shares		2,379,582			(1,189,791)
Stock-based compensation	48,375		48,375
Net loss	(1,919,479)			(1,919,479)
Balance at Dec. 31, 2016	(626,031)	$ 7,637,494	336,606	(8,600,131)
Balance, shares at Dec. 31, 2016		12,337,466
Issuance of Series A-1 preferred stock	1,225,500				$ 1,225,500
Issuance of Series A-1 preferred stock, shares					245,100
Conversion of Series A-1 preferred stock		$ 1,225,500			$ (1,225,500)
Conversion of Series A-1 preferred stock, shares		490,200			(245,100)
Issuance of common stock for services	21,000	$ 21,000
Issuance of common stock for services, shares		4,000
Issuance of common stock for cash	19,146,771	$ 19,146,771
Issuance of common stock for cash, shares		2,945,657
Conversion of notes to common stock	472,867	$ 472,867
Conversion of notes to common stock, shares		80,832
Offering costs	(1,325,842)	$ (1,325,842)
Warrants exercised - cashless
Warrants exercised - cashless, shares		13,846
Stock-based compensation	$ 182,734		182,734
Net loss	(3,315,327)			(3,315,327)
Balance at Dec. 31, 2017	$ 15,781,672	$ 27,177,790	$ 519,340	$ (11,915,458)
Balance, shares at Dec. 31, 2017		15,872,001

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES
Net loss	$ (3,315,327)	$ (1,919,479)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	20,107	7,951
Stock-based compensation	203,734	48,375
Changes in operating assets and liabilities:
Accounts receivable	83	7,589
Inventory	(167,699)	(26,825)
Other current assets	(372,954)	(1,595)
Accounts payable	97,838	41,816
Accrued liabilities	175,849	41,556
Customer deposits	13,932	181,407
Net cash used in operating activities	(3,344,437)	(1,619,205)
INVESTING ACTIVITIES
Purchase of certificates of deposit	(6,246,850)
Purchases of property and equipment	(1,960,438)
Net cash used in investing activities	(8,207,288)
FINANCING ACTIVITIES
Proceeds from sale of stock	20,372,271	467,945
Payment of offering cost	(1,285,842)	(10,000)
Proceeds from convertible notes payable to related parties	170,000	50,000
Repayment of convertible notes payable to related parties	(70,000)
Proceeds from convertible notes payable	100,000	275,000
Repayment of convertible notes payable	(75,000)
Proceeds from note payable to related party	5,000
Repayment of note payable to related party	(5,000)
Proceeds from notes payable		250,000
Repayment of notes payable	(250,000)
Net cash provided by financing activities	18,961,429	1,032,945
Net cash increase (decrease) for year	7,409,704	(586,260)
Cash at beginning of year	414,405	1,000,665
Cash at end of year	7,824,109	414,405
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for interest	14,841	8,333
Cash paid during the year for income taxes	150
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Conversion of series A-1 preferred stock to common stock	1,225,500	3,832,933
Notes payable and accrued interest converted to common stock	316,701
Notes payable to related parties and accrued interest converted to common stock	156,166
Fixed asset purchases in accounts payable	484,890
Warrants issued to Underwriter	$ 29,820

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2017
Nature of Operations [Abstract]
NATURE OF OPERATIONS	NOTE 1: NATURE OF OPERATIONS Arcimoto, Inc. (the “Company”) was originally formed on November 21, 2007 as WTP Incorporated, an Oregon Corporation, and later changed its name to Arcimoto, Inc. The Company was founded in order to build products that catalyze the shift to a sustainable transportation system. The first step in this shift has been developing an affordable, daily utility, pure electric vehicle. Over the past ten years, the Company has developed a revolutionary new vehicle platform designed around the needs of everyday drivers. Its main product is the Fun Utility Vehicle® (“FUV”), the first real fossil-free alternative for the vast majority of daily trips. Compared to the average car, the FUV has dropped 3/4 of the weight and 2/3 of the footprint in order to bring the joy of affordable, ultra-efficient, pure electric driving to the masses. Risks and Uncertainties The Company has commenced revenue generating activities, with its first two deliveries to customers in December 2017, one of which was to a related party. However, the Company’s business and operations are sensitive to general business and economic conditions in the U.S. and worldwide along with governmental policy decisions. A host of factors beyond the Company’s control could cause fluctuations in these conditions. Adverse developments may also include: economic recessions, trends in car manufacturing, consumer taste, availability of inventory, and changes in government policy related to cars and motorcycles, among others, could have a material adverse effect on the Company’s financial condition and the results of its operations. The Company currently has limited sales and marketing and/or distribution capabilities and is still in process of setting up facilities to manufacture vehicles on a larger scale. The Company has limited experience in developing, training or managing a sales force and will incur substantial additional expenses when we begin marketing of our current and future products and services. Developing a marketing and sales force is also time consuming and could delay launch of our future products and services. In addition, the Company will compete with companies that currently have extensive and well-funded marketing and sales operations. Our marketing and sales efforts may be unable to compete successfully against these companies. We also do not have a history of higher-scale production and may encounter delays, flaws, or inefficiencies in the process which may prevent or delay us from achieving higher-scale production within the timeline we anticipate. We believe that small scale Retail Series production will commence in the second half of 2018; however, delays in receiving machinery, availability of inventory, and machinery customization could delay such estimates. The Company’s industry is characterized by rapid changes in technology and customer demands. As a result, the Company’s products and services may quickly become obsolete and unmarketable. The Company’s future success will depend on its ability to adapt to technological advances, anticipate customer demands, develop new products and services and enhance our current products and services on a timely and cost-effective basis. Further, the Company’s products and services must remain competitive with those of other companies with substantially greater resources. The Company may experience technical or other difficulties that could delay or prevent the development, introduction or marketing of new products and services or enhanced versions of existing products and services. Also, the Company may not be able to adapt new or enhanced products and services to emerging industry standards, and the Company’s new products and services may not be favorably received. In addition, we may not have the capital resources to further the development of existing and/or new ones.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2017
Going Concern [Abstract]
GOING CONCERN	NOTE 2: GOING CONCERN The accompanying financial statements have been prepared on a basis that the Company is a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has experienced recurring operating losses and negative operating cash flows since inception. The Company generated revenues from product sales for the first time in December 2017. The Company has not achieved positive earnings and operating cash flows to enable the Company to finance its operations internally. Funding for the business to date has come primarily through the issuance of equity securities. We may require additional funding in the future to continue to operate in the normal course of business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern. Although the Company's objective is to increase its revenues from the sales of its products within the next few years sufficient to generate positive operating and cash flow levels, there can be no assurance that the Company will be successful in this regard. The Company may also need to raise additional capital in order to fund its operations, which it intends to obtain through debt and/or equity offerings. The Company intends to use the proceeds from the Regulation A offering (see Note 6) to fund the Company through the end of 2018. Funds on hand and any follow-on capital, if needed, will be used to invest in its business to expand sales and marketing efforts, enhance its current product by continuing research and development to bring the FUV to retail production, to continue to build out its production facility, and fund operations until positive cash flow is achieved. The need for additional capital may be adversely impacted by uncertain market conditions or approval by regulatory bodies.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“GAAP”). Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value Measurements The Company’s financial instruments consist primarily of cash and cash equivalents with original maturities of three months or less and certificates of deposit with original maturities greater than three months. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The estimated fair value is not necessarily indicative of the amounts the Company would realize in a current market exchange or from future earnings or cash flows. The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820-10, Fair Value Measurements and Disclosures The standard also prioritizes, within the measurement of fair value, the use of market-based information over entity specific information and establishes a three-level hierarchy for fair value measurements based on the nature of inputs used in the valuation of an asset or liability as of the measurement date. The three-level hierarchy for fair value measurements is defined as follows: • Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets • Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly including inputs in markets that are not considered to be active • Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amounts reported in the accompanying financial statements for current assets and current liabilities approximate the fair value because of the immediate or short-term maturities of the financial instruments. As of December 31, 2017 and 2016, the Company did not have any level 2 or level 3 instruments. Cash and Cash Equivalents The Company considers deposits that can be redeemed on demand and investments that have original maturities of less than three months, when purchased, to be cash equivalents. As of December 31, 2017, approximately $4.1 million of the Company’s cash and cash equivalents were deposited in one financial institution, which exceed the federally insured limits. Approximately $10 million of the Company’s funds were invested in certificates of deposit with a maximum deposit at any one bank which did not exceed the federally insured limits. As of December 31, 2016, the Company’s cash and cash equivalents were deposited in one financial institution, which at times, exceed the federally insured limits. Accounts Receivable Accounts receivable are reported net of allowance for expected losses. It represents the amount management expects to collect from outstanding balances. Differences between the amount due and the amount management expects to collect are charged to operations in the year in which those differences are determined, with an offsetting entry to a reserve allowance. As of December 31, 2017 and 2016, the Company has no reserve allowance. Inventory Inventory is stated at the lower of cost (using the first-in, first-out method “FIFO”) or market. Inventories consist of purchased electric motors, electrical storage and transmission equipment and component parts. Inventories consist almost entirely of raw materials and component parts as of December 31, 2017 and 2016. Work-in-progress as of December 31, 2017 and 2016 was not significant, and there were no finished goods. Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. The estimated useful lives for significant property and equipment categories are as follows: Computer Equipment & Software 1 – 3 years Furniture and Fixtures 2 – 7 years Machinery and Equipment 5 – 10 years Leasehold Improvements Shorter of useful or lease life Offering Costs The Company accounts for offering costs in accordance with FASB ASC 340, Other Assets and Deferred Costs Impairment of Long-Lived Assets The Company follows FASB Accounting Standards Codification (“ASC”) 360, Accounting for Impairment or Disposal of Long-Lived Assets Customer Deposits Customer deposits are generally held in a separate deposit account. Revenue is not recognized on customer deposits until the vehicle is shipped to the customer. Warranties The Company will begin recording warranty reserves with the commencement of Retail Series production of the FUV in the second half of 2018. We intend to provide a warranty on all vehicle and production powertrain components and battery pack sales, and we will accrue warranty reserves at the time a vehicle or production powertrain component is delivered to the customer. Warranty reserves include management’s best estimate of the projected cost to repair or to replace any items under warranty, based on actual warranty experience as it becomes available and other known factors that may impact our evaluation of historical data. We will review our reserves at least quarterly to ensure that our accruals are adequate in meeting expected future warranty obligations, and we will adjust our estimates as needed. Warranty expense will be recorded as a component of cost of revenues in the statement of operations. The portion of the warranty provision which is expected to be incurred within 12 months from the balance sheet date will be classified as current, while the remaining amount will be classified as long-term liabilities. Revenue Recognition The Company recognizes revenue when the earnings process is complete on vehicle sales. This generally occurs when products are shipped to the customer in accordance with the sales agreement or purchase order, ownership and risk of loss pass to the customer, collectability is reasonably assured, and pricing is fixed or determinable. The Company’s shipping terms are generally F.O.B. shipping point, where title is transferred and revenue is recognized when the products are shipped to customers. Grant Revenue Revenue from grant revenue is recognized in the period during which the conditions under the grant have been met and the Company has made payment for the related expense. Grant revenue was $40,580 and $0 for the years ended December 31, 2017 and 2016, respectively. Management believes the loss of such revenues will not have a material effect on the Company’s operations. Stock-Based Compensation The Company accounts for stock-based compensation in accordance with FASB ASC 718, Compensation - Stock Compensation The Company measures compensation expense for its non-employee stock-based compensation under FASB ASC 505-50, Equity-Based Payments to Non-Employees Advertising Costs Advertising costs are recorded as an expense in the period in which we incur the costs or the first time the advertising takes place. Advertising costs expensed were $317,324 and $131,709 for the years ended December 31, 2017 and 2016, respectively. Research and Development Expenses relating to research and development are expensed as incurred. For the years ended December 31, 2017 and 2016, vehicle and battery research and development consisted of $1,451,394 and $974,806, respectively. Income Taxes The Company accounts for income taxes under an asset and liability approach for financial accounting and reporting for income taxes. Accordingly, the Company recognizes deferred tax assets and liabilities for the expected impact of differences between the financial statements and the tax basis of assets and liabilities. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. In the event the Company was to determine that it would be able to realize its deferred tax assets in the future in excess of its recorded amount, an adjustment to the deferred tax assets would be credited to operations in the period such determination was made. Likewise, should the Company determine that it would not be able to realize all or part of its deferred tax assets in the future, an adjustment to the deferred tax assets would be charged to operations in the period such determination was made. The Company has incurred losses for tax purposes since inception and has significant tax losses and tax credit carry forwards. These amounts are subject to valuation allowances as it is uncertain that they will be realized in the next few years. Net Earnings or Loss per Share The Company’s computation of earnings (loss) per share (“EPS”) includes basic and diluted EPS. Basic EPS is measured as the income (loss) available to common shareholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., common stock warrants and common stock options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the respective periods. Basic and diluted loss per common share is the same for all periods presented because all common stock warrants and common stock options outstanding were anti-dilutive. At December 31, 2017 and 2016, the Company excluded the outstanding securities summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. 2017 2016 Warrants to purchase common stock 973,004 980,004 Stock options to purchase common stock 984,200 267,700 Underwriters warrants 122,238 - Warrants issued to vendors 47,000 - Total 2,126,442 1,247,704 Recent Accounting Pronouncements In July 2017, the FASB issued Accounting Standards Update (“ASU”) No. 2017-11, I “Accounting for Certain Financial Instruments with Down Round Features” and II “Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception”. The amendments in Part I of this Update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. The amendments in Part II of this Update recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. Those amendments do not have an accounting effect. The ASU is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on the financial statements and disclosures. In May 2017, the FASB issued ASU-2017-09, Compensation-Stock Compensation (Topic 718) –Modification Accounting”, to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation-Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this ASU are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted. The Company does not expect this update to materially affect the Company’s financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which significantly changes the accounting for operating leases by lessees. The accounting applied by lessors is largely unchanged from that applied under previous guidance. The new guidance requires lessees to recognize lease assets and lease liabilities in the balance sheet, initially measured at the present value of the lease payments, for leases which were classified as operating leases under previous guidance. Lease cost included in the statement of income will be calculated so that the cost of the lease is allocated over the lease term, generally on a straight-line basis. Lessees may make an accounting policy election to exclude leases with a term of 12 months or less from the requirement to record related assets and liabilities. The new standard is effective for public companies for fiscal years beginning after December 15, 2018. The Company plans to adopted the new standard effective for periods after December 31, 2018. The Company does not expect the adoption of this standard to have a material impact on its results of operations or cash flows; however, the Company has not determined the impact the adoption of this new standard will have on its financial position In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606)”, which does not change the core principles of ASU No. 2014-09 discussed below, but rather clarifies the implementation guidance in order to eliminate the potential for diversity in practice arising from inconsistent application of the principal versus agent guidance. Under the new guidance, when an entity determines it is a principal in a transaction, the entity recognizes revenue in the gross amount of consideration; however, in transactions where an entity determines it is an agent, the entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled. The standard is effective for public companies for annual periods beginning after December 15, 2017. The Company adopted the new standard effective January 1, 2018. The Company does not expect the adoption of this new standard to have a material impact on the Company’s financial position, results of operations or cash flows. In May 2014, the FASB issued Accounting Standards Update ASU No. 2014-09, “Revenue from Contracts with Customers”, which supersedes existing revenue guidance under U.S. GAAP. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The implementation of this new standard will require companies to use more judgment and to make more estimates than under current guidance and to expand their disclosures to include information regarding contract assets and liabilities as well as a more disaggregated view of revenue. The standard, as amended, is effective for public companies for annual periods beginning after December 15, 2017. The Company does not expect the adoption of the standard to have a material impact on its financial position, results of operations or cash flows. Management does not believe that any other recently issued, but not yet effective, authoritative guidance, if currently adopted, would have a material impact on the Company’s financial statement presentation or disclosures.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4: PROPERTY AND EQUIPMENT As of December 31, 2017 and 2016, our property and equipment, net, consisted of the following: December 31, December 31, Computer equipment and software $ 60,696 $ 36,522 Furniture and fixtures 50,996 4,157 Machinery and equipment 1,658,976 32,393 Leasehold improvements 297,025 11,824 Fixed assets in process 462,531 - 2,530,224 84,896 Less: accumulated depreciation (96,198 ) (76,091 ) Total $ 2,434,026 $ 8,805 Fixed assets in process is comprised primarily of tooling and equipment related to the manufacturing of our vehicles. The total purchase commitments for Fixed assets in process as of December 31, 2017 and 2016 was $573,095 and $0, respectively. Completed assets are transferred to their respective asset class and depreciation begins when the asset is ready for its intended use. Depreciation expense during the years ended December 31, 2017 and 2016 was $20,107 and $7,951, respectively.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2017
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 5: NOTES PAYABLE Notes payable and accrued interest as of December 31, 2017 and 2016 are as follows: Principal Accrued Interest December 31, December 31, December 31, December 31, Business Development Loan $ - $ 250,000 $ - $ - Convertible Notes Payable - 275,000 - 3,322 Convertible Notes Payable to Related Parties - 50,000 - 384 $ - $ 575,000 $ - $ 3,706 On December 4, 2015, the Company entered into a $250,000 loan agreement with the City of Eugene Business Development Fund; however, the funds for the loan were not received until April 1, 2016. This loan was secured by substantially all assets of the Company and had an interest rate of 5% per annum. Interest only payments were due monthly from the date of disbursement. The entire unpaid principal balance of the loan, plus accrued interest, was due and payable upon the earlier of the occurrence of a Regulation A offering or October 1, 2017. The note was repaid on September 21, 2017 in full, after the first closing of the Regulation A offering. During the years ended December 31, 2017 and 2016, the Company issued a series of convertible notes with original principal balances of $200,000 and $325,000, respectively, all with the same terms as disclosed below. Of these notes $100,000 and $50,000, respectively, were to related parties. The notes and all accrued interest were due on March 31, 2018. The notes were secured by substantially all assets of the Company and had a stated interest rate of 6% per annum. The notes were convertible on demand at the greater of $5.00 per share or 90% of the active selling price of the Series A-1 Preferred Stock at the time of conversion. Notes totaling $450,000, of which $150,000 was for related parties, with accrued interest thereon of approximately $23,000 were converted to 80,832 shares of common stock on August 31, 2017, at a price of $5.85 per share, which represented 90% of the $6.50 per share price in the Regulation A offering. Notes totaling $75,000 were repaid in cash along with accrued interest thereon of $354. During September 2017, the Company issued two convertible notes to related parties in the total principal amount of $70,000. The notes and all accrued interest were due on March 31, 2018. These notes were secured by substantially all assets of the Company and had a stated interest rate of 6% per annum. The notes were convertible on demand at the greater of $6.50 per share of common stock or 90% of the active selling price of the common stock at the time of conversion. The notes principal balance of $70,000 and accrued interest of $232 was repaid in cash on September 29, 2017. On September 11, 2017, the Company borrowed $5,000 from a related party, no security was issued for the loan. The loan was meant to be a short-term advance and due on demand. The loan was repaid on October 26, 2017 and there is no interest associated with this advance. None of the above convertible notes contained a beneficial conversion feature due to the conversion price of the notes being at or above the fair value of the Series A-1 preferred stock or common stock, as applicable, on the issuance date.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	12 Months Ended
	Dec. 31, 2017
Stockholders' Equity (Deficit) [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	NOTE 6: STOCKHOLDERS’ EQUITY (DEFICIT) Stock-Split On July 21, 2017, the Board and a majority of common stockholders voted to enact a two-for-one common stock split and increase the authorized common shares to 20,000,000. On July 25, 2017, a majority of the Series A-1 Preferred stockholders voted to convert all 1,434,891 Series A-1 Preferred shares to 2,869,782 common shares. The July 21, 2017, two-for-one common stock split resulted in a conversion rate of two shares of common stock for each share of Series A-1 Preferred stock. In accordance with SEC reporting guidelines, the retrospective application of the stock split has been applied to historical financial information, and the Series A-1 Preferred to common stock conversion was reflected in the accompanying financial statements as if it occurred as of December 31, 2016. Preferred Stock The Company is authorized to issue 5,000,000 shares of preferred stock, no par value, of which 1,500,000 shares were designated as Series A-1 Preferred Stock. As of December 31, 2017 and 2016, there were no shares of Series A-1 Preferred Stock issued and outstanding. The Series A-1 Preferred Stock is convertible at any time after issuance at the option of the holder into shares of common stock at the original issue price of the Series A-1 Preferred Stock. The Series A-1 Preferred Stock is also subject to mandatory conversion provisions upon an initial public offering raising $15 million or more and is not redeemable. To prevent dilution, the conversion price of the Series A-1 Preferred Stock is to be adjusted for any issuance of securities, excluding exempt securities, which change the number of shares of common stock outstanding. The Series A-1 Preferred Stockholders are entitled to equal voting rights to common stockholders on an as-converted basis and receive preference to the common stockholders upon liquidation. During the first two quarters of 2017, 245,100 shares of Series A-1 Preferred Stock were sold for cash proceeds of $1,225,500 under a Regulation D offering. Of these shares, 10,000 were issued to a related party. The Series A-1 Preferred Stock was converted to common stock as noted above. Common Stock The Company is authorized to issue 20,000,000 shares of common stock, no par value, as of December 31, 2017 and 2016. During September and October 2017, the Company issued 2,945,657 shares of common stock in a Regulation A offering at a public offering price of $6.50 per share. We received net proceeds of $18,087,640 after deducting underwriter commissions of $1,051,131 and escrow closing fees of $8,000. On October 4, 2017, we issued 4,000 shares of common shares at a cost of $5.25 per share were issued to a vendor in exchange for video production services. The price per share was based on the closing quote for the Company’s common stock on the Nasdaq Capital Market the day before the Board of Directors approved the payment. The total cost of $21,000 is included in sales and marketing expenses on the Company’s Statement of Operations. The Company has reserved a total of 2,000,000 shares of its common stock pursuant to the Equity Incentive Plans (see Note 7). The Company has 1,957,204 and 1,247,704 stock options and warrants outstanding under these plans as of December 31, 2017 and 2016, respectively. During 2017, the Company has reserved an additional 169,238 shares of its common stock for warrants pursuant to the Underwriter Agreement for the Regulation A offering and other vendor agreements (Note 7). As of December 31, 2017, 139,238 of these warrants have vested.

Stock-Based Payments

Stock-Based Payments	12 Months Ended
	Dec. 31, 2017
Stock-Based Payments [Abstract]
STOCK-BASED PAYMENTS	NOTE 7: STOCK-BASED PAYMENTS The Company grants stock options and warrants pursuant to the 2015 Stock Incentive Plan (“2015 Plan”) and the 2012 Stock Incentive Plan (“2012 Plan”). The Company measures employee stock-based awards at grant-date fair value and recognizes employee compensation expense on a straight-line basis over the vesting period of the award. Grants to non-employees are expensed at the earlier of (i) the date at which a commitment for performance by the counterparty to earn the equity instrument is reached and (ii) the date at which the counterparty’s performance is complete Determining the appropriate fair value of 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 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. As a result, if factors change and management uses different assumptions, stock-based compensation expense could be materially different for future awards. The Company uses the following inputs when valuating stock-based awards. The expected life of 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 compatibles and 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. Stock-based compensation, including stock-options, warrants and stock issued for compensation is included in the statement of operations as follows: December 31, December 31, Research and development $ 24,000 $ - Sales and marketing 27,000 - General and administrative 152,734 48,375 2015 Stock Incentive Plan The 2015 Stock Incentive Plan (the “2015 Plan”) of the Company was approved by the written consent of the holders of a majority of the Company’s outstanding common stock. The Plan provides the Company the ability to grant to any employee, director, consultant or advisor who provides services to the Company the opportunity to acquire shares of Common Stock of the Company through the grant of options that are incentive stock options or nonqualified stock options (NQSOs) and/or the grant of restricted stock, provided that only employees are entitled to receive incentive stock options in accordance with IRS guidelines. The Company reserved 1,000,000 shares of common stock for delivery under the 2015 Plan. Awards that are forfeited generally become available for grant under the plan. See below for the weighted average variables used in assessing the fair value at the grant dates: 2017 Annual dividend yield - Expected life (years) 6.0-10.0 Risk-free interest rate 1.71-2.46% Expected volatility 21.3%-22.1% Total grant date fair value $503,260 Employee stock-based compensation expense included in operating expenses for the years ended December 31, 2017 and 2016, was $136,002 and $48,375, respectively. For the NQSOs issued in 2017, performance was completed on the date of issue. The fair value of non-employee awards was $22,445 for the year ended December 31, 2017. Total compensation cost related to non-vested awards not yet recognized as of December 31, 2017 was $429,403 and will be recognized on a straight-line basis through the end of the vesting periods, December, 2020. Future stock option compensation expense related to these options to be recognized during the years ending December 31, 2018, 2019, and 2020 is expected to be approximately $207,000 and $153,000 and $69,000, respectively. The amount of future stock option compensation expense could be affected by any future option grants or by any forfeitures. A summary of stock option activity for the years ended December 31, 2017 and 2016 is presented below for the 2015 Plan: Weighted Average Weighted Remaining Average Contractual Number of Exercise Life Shares Price (in Years) Options outstanding at December 31, 2015 275,200 $ 2.06 9.76 Granted - - - Exercised - - - Forfeited or expired (7,500 ) 2.06 - Options outstanding at December 31, 2016 267,700 $ 2.06 8.76 Granted 756,500 2.70 9.42 Exercised - - - Forfeited or expired (40,000 ) 2.50 - Options outstanding at December 31, 2017 984,200 $ 2.71 8.97 Options exercisable at December 31, 2017 232,284 $ 2.06 7.76 As of December 31, 2017, 15,800 options are still issuable under the 2015 Plan. 2012 Employee Stock Benefit Plan The Amended and Restated 2012 Employee Stock Benefit Plan (the “2012 Plan”) of the Company was approved by the written consent of the holders of a majority of the Company’s outstanding common stock. The Plan provides the Company the ability to grant to any officer, director, or employee of the Company, or any Consultant, advisor or independent contractor who provides services to the Company, the opportunity to acquire shares of Common Stock of the Company through the grant of warrants and/or the grant of common stock. The Company reserved 1,000,000 shares of common stock for delivery under the Plan. Warrants issued and outstanding as of December 31, 2017 and 2016 were 973,004 and 980,004. Warrants expire ten to fifteen years from the grant date and were vested when issued. On May 1, 2017, 8,000 warrants were issued to a service provider with a strike price of $2.50 per share and a five-year life. The Black-Scholes variables used in assessing the fair value at the grant date were an expected life of 5 years, risk free interest rate of 1.84% and expected volatility of 21.34%. On September 20, 2017, 15,000 employee warrants were exercised in a cashless transaction resulting in the issuance of 13,846 common shares. A summary of activity under the 2012 Plan for the years ended December 31, 2017 and 2016 is presented below: Weighted Average Weighted Remaining Average Contractual Number of Exercise Life Shares Price (in Years) Warrants outstanding at December 31, 2015 980,004 $ 0.58 8.36 Granted - - - Exercised - - - Forfeited or expired - - - Warrants outstanding at December 31, 2016 980,004 $ 0.58 7.36 Granted 8,000 2.50 4.33 Exercised (15,000 ) 0.50 - Forfeited or expired - - - Warrants outstanding at December 31, 2017 973,004 $ 0.59 6.37 As of December 31, 2017, 11,996 warrants are still issuable under the 2012 Plan. Warrants The following warrants were issued outside of the 2012 Plan. Warrants issued to vendors to purchase common stock Exercise Price Vested as of December 31, Issued Underwriters warrants $ 7.475 122,238 122,238 Warrants issued to vendors $ 3.200 17,000 47,000 Total 139,238 169,238 In connection with our Regulation A offering, the Company issued 122,238 warrants to the underwriter with a strike price of $7.475 per share and a five-year life from the offering qualification date. The variables used in the Black-Scholes calculation were similar to those disclosed under the 2015 Plan and 2012 Plan disclosed above, with the exception that the contractual date was used for expected life. The value of the warrants is both an increase and decrease to common stock as a cost of equity, for a net zero effect within the statement of stockholders’ equity. In December 2017, 47,000 warrants were issued to two service providers with strike prices of $3.20 per share and a ten-year life. Of these, 11,000 warrants vest as follows: 5,000 immediately and 1,500 per month over four months. As of December 31, 2017, 5,000 of these were vested with a value of $5,805. The remaining 36,000 warrants are subject to deliverables being met. As of December 31, 2017, deliverables related to 12,000 of these warrants were met and are deemed vested with a value of $13,932 based on inputs to the Black-Scholes model, similar to those disclosed under the 2015 Plan and 2012 Plan above. Future warrants that become vested will be valued each reporting period or as the deliverables are met, as applicable.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Taxes [Abstract]
INCOME TAXES	NOTE 8: INCOME TAXES The 2017 Tax Act, which was signed into law on December 22, 2017, has resulted in significant changes to the U.S. corporate income tax system. These changes include a federal statutory rate reduction from 35% to 21%, the elimination or reduction of certain domestic deductions and credits and limitations on the deductibility of interest expense and executive compensation. The 2017 Tax Act also transitions international taxation from a worldwide system to a modified territorial system and includes base erosion prevention measures on non-U.S. earnings, which has the effect of subjecting certain earnings of our foreign subsidiaries to U.S. taxation as global intangible low taxed income (GILTI). These changes are effective beginning in 2018. Deferred income taxes reflect 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. Significant components of the Company’s deferred tax assets as of December 31, 2017 and 2016 are summarized below: Deferred tax assets: 2017 2016 Share-based compensation expense $ 88,211 $ 42,854 Net operating loss carry forward 2,434,289 2,112,856 Deferred tax liabilities: Property and equipment (24,878 ) (15,387 ) Federal research and development credit 259,615 178,158 Oregon research and development credit 129,675 83,012 Total deferred tax asset 2,886,912 2,401,493 Valuation Allowance (2,886,912 ) (2,401,493 ) Net deferred tax asset $ - $ - In assessing the potential realization of these deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the Company attaining future taxable income during the periods in which those temporary differences become deductible. As of December 31, 2017 and 2016, management was unable to determine if it is more likely than not that the Company’s deferred tax assets will be realized, and has therefore recorded an appropriate valuation allowance against deferred tax assets at such dates. The valuation allowance for deferred tax assets increased approximately $485,000 and $836,000 during the years ended December 31, 2017 and 2016, respectively. No federal tax provision has been provided for the years ended December 31, 2017 and 2016 due to the losses incurred during such periods. The Company’s effective tax rate is different from the federal statutory rate of 34% due primarily to operating losses that receive no tax benefit as a result of a valuation allowance recorded for such losses. 2017 2016 Statutory U.S. Federal tax rate 34.0 % 34.0 % Effect of U.S. tax law change (1) (30.0 %) - State and local income taxes– net of Federal benefit 6.6 % 6.6 % Nondeductible expenses and other 4.0 % 3.0 % Valuation Allowance (14.6 %) (43.6 %) Effective rate tax 0.0 % 0.0 % (1) Due to the Tax Act, our U.S. deferred tax assets and liabilities as of December 31, 2017 were re-measured from 34% to 21%. The change in tax rate resulted in a decrease to our gross U.S. deferred tax assets which is offset by a corresponding decrease to our valuation allowance. This resulted in an adjustment to the Company’s deferred tax assets of $676,000 from the prior period. As of December 31, 2017, the Company had net operating loss carry forwards of approximately $8,820,000 which will expire at various dates from 2029 through 2037. The Federal R&D tax credits will expire at various dates from 2032 through 2037, and the Oregon R&D tax credits will expire at various dates from 2018 through 2022. The Company has evaluated its income tax positions and has determined that it does not have any uncertain tax positions. The Company policy is to record interest and penalties on uncertain tax positions as income tax expense. The Company may in the future become subject to federal, state and local income taxation though it has not been since its inception. The Company is not presently subject to any income tax audit in any taxing jurisdiction. The Company has identified the United States Federal and Oregon State tax returns as its “major” tax jurisdiction. The United States Federal and Oregon State return years 2014 through 2017 are still subject to tax examination by the United States Internal Revenue Service; however, we do not currently have any ongoing tax examinations.

Customer Deposits

Customer Deposits	12 Months Ended
	Dec. 31, 2017
Customer Deposits [Abstract]
CUSTOMER DEPOSITS	NOTE 9: CUSTOMER DEPOSITS The Company has received customer deposits ranging from $100 to $10,100 per order for Retail Series production vehicles and $42,000 per order for Signature Series vehicles for purposes of securing their vehicle production slot. As of December 31, 2017 and 2016, the Company’s balance of deposits received was $399,967 and $386,035, respectively. As of December 31, 2017 and 2016, $231,967 and $386,035, respectively, of these deposits were refundable upon demand. Deposits are included in current liabilities in the accompanying balance sheets. When a customer's order is ready to enter the production process, the customer is notified that if they would like to proceed with the purchase of a vehicle, their deposit will no longer be refundable and any additional deposit required must be paid prior to the start of the manufacturing process. Customer deposits from related parties total $1,700 and $43,700 as of December 31, 2017 and 2016, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10: COMMITMENTS AND CONTINGENCIES On September 3, 2017, the Company entered into a lease on 30,000 square feet of commercial industrial office and manufacturing space in Eugene, Oregon. The lease began on October 1, 2017 and will terminate on March 31, 2021. Rent was $25,000 for the first month, then is $12,500 per month for months two through forty-one, and one dollar for month forty-two. See the following table for future minimum rent payments by year. Years ending December 31: 2018 $ 150,000 2019 $ 150,000 2020 $ 150,000 2021 $ 25,001 The Company also leased office space from Center Camp, LLC (“Landlord”) whereby the sole member is the Company’s Chief Executive Officer and director. The triple net lease was for 5,094 usable square feet in Eugene, Oregon. The lease began on May 1, 2013 and was set to terminate on April 30, 2018. The lease may be terminated by written notification (90) days in advance of intent to vacate the Premises, provided that the Company pays a termination charge equal to 6 months’ rent. The Landlord and the Company mutually agreed to terminate the lease as of December 31, 2017, without penalty in order to facilitate the landlord’s sale of the property. During the year ended December 31, 2017, $61,200 in rent was paid to Center Camp, LLC. Rent expense is recognized on a straight-line basis. Total rent expense for the years ended December 31, 2017 and 2016 was $107,645 and $61,740, of these amounts $62,405 and $54,600 was to related parties, respectively. Underwriter Agreement Details in Note 7 above. Litigation The Company is involved in claims and litigation from time to time in the normal course of business. At December 31, 2017, the management of the Company believes there are no pending matters that are expected to have a material adverse effect on the business of the Company, their financial condition, results of operations or cash flows. See also Note 11 Subsequent Events.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11: SUBSEQUENT EVENTS Common Stock On January 29, 2018, 15,000 employee warrants with an exercise price of $0.50 per share were exercised in a cashless transaction at a market price of $3.77756 per share, which was based on the average of the FUV daily closing prices from January 19-25, 2018, total shares issued were 13,014. These shares meet the requirements for not being restricted from trading. On January 31, 2018, 14,200 employee options were exercised at a price per share of $2.0605, total proceeds to the Company were $29,259. These shares are restricted from trading. In February 2018, the Company issued 20,000 shares of restricted common stock to a vendor for investor relations services. Equipment Financing The Company is seeking financing for its capital equipment purchases. Subsequent to December 31, 2017, it has financed a total of $942,474 with monthly payments ranging from $437 to $6,897 and periods ranging from 48 to 60 months. Litigation On March 11, 2018, the Company was served with a lawsuit entitled John R Switzer vs W.R. Hambrecht & Co. LLC et al., case number: CGC-18-564904, filed in San Francisco County Superior Court in the State of California. In this action, the Company been named as defendants along with our directors and certain executive officers at the time of the completion of its Regulation A offering on September 21, 2017. The action purports to be a class action on behalf of all those who purchased the Company’s common stock in its Regulation A offering alleging violations of Section 12(a)(2) and Section 15 of the Securities Act of 1933, as amended. The plaintiff is seeking damages in an unspecified amount to be proven at trial. In addition, On March 28, 2018, the Company was served with another lawsuit entitled Jay Mendelson v. Arcimoto, Inc. et al., case number CGC-18-565324, filed in San Francisco County Superior Court in the State of California. In this action the Company has also been named as a defendant along with its directors and certain executive officers at the time of the completion of our Regulation A offering on September 21, 2017. The factual allegations and alleged violations are substantially similar to the Switzer action and the plaintiff is also seeking damages in an unspecified amount to be proven at trial. The Company believes these lawsuits are without merit and the Company intends to vigorously defend these actions in court

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company conform with accounting principles generally accepted in the United States of America (“GAAP”).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments consist primarily of cash and cash equivalents with original maturities of three months or less and certificates of deposit with original maturities greater than three months. The carrying amounts of such financial instruments approximate their respective estimated fair value due to the short-term maturities and approximate market interest rates of these instruments. The estimated fair value is not necessarily indicative of the amounts the Company would realize in a current market exchange or from future earnings or cash flows. The Company follows Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820-10, Fair Value Measurements and Disclosures The standard also prioritizes, within the measurement of fair value, the use of market-based information over entity specific information and establishes a three-level hierarchy for fair value measurements based on the nature of inputs used in the valuation of an asset or liability as of the measurement date. The three-level hierarchy for fair value measurements is defined as follows: • Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets • Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability other than quoted prices, either directly or indirectly including inputs in markets that are not considered to be active • Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amounts reported in the accompanying financial statements for current assets and current liabilities approximate the fair value because of the immediate or short-term maturities of the financial instruments. As of December 31, 2017 and 2016, the Company did not have any level 2 or level 3 instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers deposits that can be redeemed on demand and investments that have original maturities of less than three months, when purchased, to be cash equivalents. As of December 31, 2017, approximately $4.1 million of the Company’s cash and cash equivalents were deposited in one financial institution, which exceed the federally insured limits. Approximately $10 million of the Company’s funds were invested in certificates of deposit with a maximum deposit at any one bank which did not exceed the federally insured limits. As of December 31, 2016, the Company’s cash and cash equivalents were deposited in one financial institution, which at times, exceed the federally insured limits.
Accounts Receivable	Accounts Receivable Accounts receivable are reported net of allowance for expected losses. It represents the amount management expects to collect from outstanding balances. Differences between the amount due and the amount management expects to collect are charged to operations in the year in which those differences are determined, with an offsetting entry to a reserve allowance. As of December 31, 2017 and 2016, the Company has no reserve allowance.
Inventory	Inventory Inventory is stated at the lower of cost (using the first-in, first-out method “FIFO”) or market. Inventories consist of purchased electric motors, electrical storage and transmission equipment and component parts. Inventories consist almost entirely of raw materials and component parts as of December 31, 2017 and 2016. Work-in-progress as of December 31, 2017 and 2016 was not significant, and there were no finished goods.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and improvements are capitalized and minor replacements, maintenance, and repairs are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. The estimated useful lives for significant property and equipment categories are as follows: Computer Equipment & Software 1 – 3 years Furniture and Fixtures 2 – 7 years Machinery and Equipment 5 – 10 years Leasehold Improvements Shorter of useful or lease life
Offering Costs	Offering Costs The Company accounts for offering costs in accordance with FASB ASC 340, Other Assets and Deferred Costs
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company follows FASB Accounting Standards Codification (“ASC”) 360, Accounting for Impairment or Disposal of Long-Lived Assets
Customer Deposits	Customer Deposits Customer deposits are generally held in a separate deposit account. Revenue is not recognized on customer deposits until the vehicle is shipped to the customer.
Warranties	Warranties The Company will begin recording warranty reserves with the commencement of Retail Series production of the FUV in the second half of 2018. We intend to provide a warranty on all vehicle and production powertrain components and battery pack sales, and we will accrue warranty reserves at the time a vehicle or production powertrain component is delivered to the customer. Warranty reserves include management’s best estimate of the projected cost to repair or to replace any items under warranty, based on actual warranty experience as it becomes available and other known factors that may impact our evaluation of historical data. We will review our reserves at least quarterly to ensure that our accruals are adequate in meeting expected future warranty obligations, and we will adjust our estimates as needed. Warranty expense will be recorded as a component of cost of revenues in the statement of operations. The portion of the warranty provision which is expected to be incurred within 12 months from the balance sheet date will be classified as current, while the remaining amount will be classified as long-term liabilities.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when the earnings process is complete on vehicle sales. This generally occurs when products are shipped to the customer in accordance with the sales agreement or purchase order, ownership and risk of loss pass to the customer, collectability is reasonably assured, and pricing is fixed or determinable. The Company’s shipping terms are generally F.O.B. shipping point, where title is transferred and revenue is recognized when the products are shipped to customers.
Grant Revenue	Grant Revenue Revenue from grant revenue is recognized in the period during which the conditions under the grant have been met and the Company has made payment for the related expense. Grant revenue was $40,580 and $0 for the years ended December 31, 2017 and 2016, respectively. Management believes the loss of such revenues will not have a material effect on the Company’s operations.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation in accordance with FASB ASC 718, Compensation - Stock Compensation The Company measures compensation expense for its non-employee stock-based compensation under FASB ASC 505-50, Equity-Based Payments to Non-Employees
Advertising Costs	Advertising Costs Advertising costs are recorded as an expense in the period in which we incur the costs or the first time the advertising takes place. Advertising costs expensed were $317,324 and $131,709 for the years ended December 31, 2017 and 2016, respectively.
Research and Development	Research and Development Expenses relating to research and development are expensed as incurred. For the years ended December 31, 2017 and 2016, vehicle and battery research and development consisted of $1,451,394 and $974,806, respectively.
Income Taxes	Income Taxes The Company accounts for income taxes under an asset and liability approach for financial accounting and reporting for income taxes. Accordingly, the Company recognizes deferred tax assets and liabilities for the expected impact of differences between the financial statements and the tax basis of assets and liabilities. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. In the event the Company was to determine that it would be able to realize its deferred tax assets in the future in excess of its recorded amount, an adjustment to the deferred tax assets would be credited to operations in the period such determination was made. Likewise, should the Company determine that it would not be able to realize all or part of its deferred tax assets in the future, an adjustment to the deferred tax assets would be charged to operations in the period such determination was made. The Company has incurred losses for tax purposes since inception and has significant tax losses and tax credit carry forwards. These amounts are subject to valuation allowances as it is uncertain that they will be realized in the next few years.
Net Earnings or Loss per Share	Net Earnings or Loss per Share The Company’s computation of earnings (loss) per share (“EPS”) includes basic and diluted EPS. Basic EPS is measured as the income (loss) available to common shareholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., common stock warrants and common stock options) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the respective periods. Basic and diluted loss per common share is the same for all periods presented because all common stock warrants and common stock options outstanding were anti-dilutive. At December 31, 2017 and 2016, the Company excluded the outstanding securities summarized below, which entitle the holders thereof to ultimately acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive. 2017 2016 Warrants to purchase common stock 973,004 980,004 Stock options to purchase common stock 984,200 267,700 Underwriters warrants 122,238 - Warrants issued to vendors 47,000 - Total 2,126,442 1,247,704
Recent Accounting Pronouncements	Recent Accounting Pronouncements In July 2017, the FASB issued Accounting Standards Update (“ASU”) No. 2017-11, I “Accounting for Certain Financial Instruments with Down Round Features” and II “Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception”. The amendments in Part I of this Update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. The amendments in Part II of this Update recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. Those amendments do not have an accounting effect. The ASU is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on the financial statements and disclosures. In May 2017, the FASB issued ASU-2017-09, Compensation-Stock Compensation (Topic 718) –Modification Accounting”, to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation-Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this ASU are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted. The Company does not expect this update to materially affect the Company’s financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which significantly changes the accounting for operating leases by lessees. The accounting applied by lessors is largely unchanged from that applied under previous guidance. The new guidance requires lessees to recognize lease assets and lease liabilities in the balance sheet, initially measured at the present value of the lease payments, for leases which were classified as operating leases under previous guidance. Lease cost included in the statement of income will be calculated so that the cost of the lease is allocated over the lease term, generally on a straight-line basis. Lessees may make an accounting policy election to exclude leases with a term of 12 months or less from the requirement to record related assets and liabilities. The new standard is effective for public companies for fiscal years beginning after December 15, 2018. The Company plans to adopted the new standard effective for periods after December 31, 2018. The Company does not expect the adoption of this standard to have a material impact on its results of operations or cash flows; however, the Company has not determined the impact the adoption of this new standard will have on its financial position In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606)”, which does not change the core principles of ASU No. 2014-09 discussed below, but rather clarifies the implementation guidance in order to eliminate the potential for diversity in practice arising from inconsistent application of the principal versus agent guidance. Under the new guidance, when an entity determines it is a principal in a transaction, the entity recognizes revenue in the gross amount of consideration; however, in transactions where an entity determines it is an agent, the entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled. The standard is effective for public companies for annual periods beginning after December 15, 2017. The Company adopted the new standard effective January 1, 2018. The Company does not expect the adoption of this new standard to have a material impact on the Company’s financial position, results of operations or cash flows. In May 2014, the FASB issued Accounting Standards Update ASU No. 2014-09, “Revenue from Contracts with Customers”, which supersedes existing revenue guidance under U.S. GAAP. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The implementation of this new standard will require companies to use more judgment and to make more estimates than under current guidance and to expand their disclosures to include information regarding contract assets and liabilities as well as a more disaggregated view of revenue. The standard, as amended, is effective for public companies for annual periods beginning after December 15, 2017. The Company does not expect the adoption of the standard to have a material impact on its financial position, results of operations or cash flows. Management does not believe that any other recently issued, but not yet effective, authoritative guidance, if currently adopted, would have a material impact on the Company’s financial statement presentation or disclosures.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Schedule of property and equipment estimated useful lives	Computer Equipment & Software 1 – 3 years Furniture and Fixtures 2 – 7 years Machinery and Equipment 5 – 10 years Leasehold Improvements Shorter of useful or lease life
Summary of outstanding securities excluded from calculation of earnings per share	2017 2016 Warrants to purchase common stock 973,004 980,004 Stock options to purchase common stock 984,200 267,700 Underwriters warrants 122,238 - Warrants issued to vendors 47,000 - Total 2,126,442 1,247,704

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property and Equipment [Abstract]
Schedule of property and equipment	December 31, December 31, Computer equipment and software $ 60,696 $ 36,522 Furniture and fixtures 50,996 4,157 Machinery and equipment 1,658,976 32,393 Leasehold improvements 297,025 11,824 Fixed assets in process 462,531 - 2,530,224 84,896 Less: accumulated depreciation (96,198 ) (76,091 ) Total $ 2,434,026 $ 8,805

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Payable [Abstract]
Schedule of notes payable and accrued interest	Principal Accrued Interest December 31, December 31, December 31, December 31, Business Development Loan $ - $ 250,000 $ - $ - Convertible Notes Payable - 275,000 - 3,322 Convertible Notes Payable to Related Parties - 50,000 - 384 $ - $ 575,000 $ - $ 3,706

Stock-Based Payments (Tables)

Stock-Based Payments (Tables)	12 Months Ended
	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of stock-based compensation, including stock-options, warrants and stock issued for compensation	December 31, December 31, Research and development $ 24,000 $ - Sales and marketing 27,000 - General and administrative 152,734 48,375
Schedule of weighted average variables used in assessing the fair value at the grant dates	2017 Annual dividend yield - Expected life (years) 6.0-10.0 Risk-free interest rate 1.71-2.46% Expected volatility 21.3%-22.1% Total grant date fair value $503,260
Schedule of warrants issued outside of the 2012 Plan	Warrants issued to vendors to purchase common stock Exercise Price Vested as of December 31, Issued Underwriters warrants $ 7.475 122,238 122,238 Warrants issued to vendors $ 3.200 17,000 47,000 Total 139,238 169,238
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of stock option activity	Weighted Average Weighted Remaining Average Contractual Number of Exercise Life Shares Price (in Years) Options outstanding at December 31, 2015 275,200 $ 2.06 9.76 Granted - - - Exercised - - - Forfeited or expired (7,500 ) 2.06 - Options outstanding at December 31, 2016 267,700 $ 2.06 8.76 Granted 756,500 2.70 9.42 Exercised - - - Forfeited or expired (40,000 ) 2.50 - Options outstanding at December 31, 2017 984,200 $ 2.71 8.97 Options exercisable at December 31, 2017 232,284 $ 2.06 7.76
2012 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of stock option activity	Weighted Average Weighted Remaining Average Contractual Number of Exercise Life Shares Price (in Years) Warrants outstanding at December 31, 2015 980,004 $ 0.58 8.36 Granted - - - Exercised - - - Forfeited or expired - - - Warrants outstanding at December 31, 2016 980,004 $ 0.58 7.36 Granted 8,000 2.50 4.33 Exercised (15,000 ) 0.50 - Forfeited or expired - - - Warrants outstanding at December 31, 2017 973,004 $ 0.59 6.37

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Taxes [Abstract]
Schedule of deferred tax assets	Deferred tax assets: 2017 2016 Share-based compensation expense $ 88,211 $ 42,854 Net operating loss carry forward 2,434,289 2,112,856 Deferred tax liabilities: Property and equipment (24,878 ) (15,387 ) Federal research and development credit 259,615 178,158 Oregon research and development credit 129,675 83,012 Total deferred tax asset 2,886,912 2,401,493 Valuation Allowance (2,886,912 ) (2,401,493 ) Net deferred tax asset $ - $ -
Schedule of effective tax rate	2017 2016 Statutory U.S. Federal tax rate 34.0 % 34.0 % Effect of U.S. tax law change (1) (30.0 %) - State and local income taxes – net of Federal benefit 6.6 % 6.6 % Nondeductible expenses and other 4.0 % 3.0 % Valuation Allowance (14.6 %) (43.6 %) Effective rate tax 0.0 % 0.0 % (1) Due to the Tax Act, our U.S. deferred tax assets and liabilities as of December 31, 2017 were re-measured from 34% to 21%. The change in tax rate resulted in a decrease to our gross U.S. deferred tax assets which is offset by a corresponding decrease to our valuation allowance. This resulted in an adjustment to the Company’s deferred tax assets of $676,000 from the prior period.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies [Abstract]
Schedule of future minimum rent payments by year	Years ending December 31: 2018 $ 150,000 2019 $ 150,000 2020 $ 150,000 2021 $ 25,001

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2017
Computer Equipment & Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	3 years
Computer Equipment & Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	1 year
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	7 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	2 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	10 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Estimated useful lives	Shorter of useful or lease life

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Details 1) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Summary of Significant Accounting Policies [Line Items]
Antidilutive securities to purchase common stock	2,126,442	1,247,704
Warrants to purchase common stock [Member]
Summary of Significant Accounting Policies [Line Items]
Antidilutive securities to purchase common stock	973,004	980,004
Stock options to purchase common stock [Member]
Summary of Significant Accounting Policies [Line Items]
Antidilutive securities to purchase common stock	984,200	267,700
Underwriters warrants [Member]
Summary of Significant Accounting Policies [Line Items]
Antidilutive securities to purchase common stock	122,238
Warrants issued to vendors [Member]
Summary of Significant Accounting Policies [Line Items]
Antidilutive securities to purchase common stock	47,000

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Summary of Significant Accounting Policies (Textual)
Cash and cash equivalents were deposited in financial institution exceed federally insured limits	$ 4,100,000
Maximum deposit at any bank which did not exceed federally insured limits	6,246,850
Grant revenue	40,580
Advertising costs	317,324	131,709
Offering costs		40,000
Offering costs charged to stockholders' equity	(1,325,842)
Research and development	1,451,394	$ 974,806
Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Maximum deposit at any bank which did not exceed federally insured limits	$ 10,000,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 2,530,224	$ 84,896
Less: accumulated depreciation	(96,198)	(76,091)
Total	2,434,026	8,805
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	60,696	36,522
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	50,996	4,157
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,658,976	32,393
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	297,025	11,824
Fixed assets in process [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 462,531

Property and Equipment (Detai29

Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, and Equipment (Textual)
Purchase Obligation	$ 573,095	$ 0
Depreciation	$ 20,107	$ 7,951

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of notes payable
Business Development Loan		$ 250,000
Convertible Notes Payable		275,000
Convertible Notes Payable to Related Parties		50,000
Notes payable		575,000
Accrued Interest [Member]
Schedule of notes payable
Business Development Loan
Convertible Notes Payable		3,322
Convertible Notes Payable to Related Parties		384
Notes payable		$ 3,706

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	Dec. 04, 2015	Sep. 30, 2017	Sep. 29, 2017	Aug. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Sep. 11, 2017
Notes Payable (Textual)
Convertible notes payable					$ 75,000
Loan agreement [Member]
Notes Payable (Textual)
Principal amount	$ 250,000
Interest rate	5.00%
Maturity date	Oct. 1, 2017
Convertible notes payable [Member]
Notes Payable (Textual)
Principal amount							$ 5,000
Interest rate					6.00%	6.00%
Maturity date					Mar. 31, 2018	Mar. 31, 2018
Issued a series of convertible notes with original principal balances					$ 200,000	$ 325,000
Related parties				$ 150,000	$ 100,000	$ 50,000
Price per share				$ 5.85	$ 5	$ 5
Percentage of selling price				90.00%	90.00%	90.00%
Convertible notes payable				$ 450,000
Converted to shares of common stock				$ 23,000
Converted to shares of common stock, shares				80,832
Accrued interest					$ 354
Two convertible notes [Member]
Notes Payable (Textual)
Principal amount		$ 70,000	$ 70,000
Interest rate		6.00%
Maturity date		Mar. 31, 2018
Price per share		$ 6.50
Percentage of selling price		90.00%
Accrued interest			$ 232
Regulation A [Member]
Notes Payable (Textual)
Price per share				$ 6.50
Percentage of selling price				90.00%

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Details) - USD ($)	Oct. 04, 2017	Jul. 25, 2017	Jul. 21, 2017	Oct. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Stockholders' Equity (Deficit) (Textual)
Preferred stock, shares authorized							1,500,000	1,500,000
Preferred stock, shares issued							0	0
Preferred stock, shares outstanding							0	0
Common stock authorized, shares							20,000,000	20,000,000
Common stock, par value
Common shares issued, value							$ 1,225,500	$ 467,945
Offering sales and marketing expenses	$ 21,000
Common stock for warrants							169,238
Number of warrants vested							139,238
Regulation A [Member]
Stockholders' Equity (Deficit) (Textual)
Common shares issued				2,945,657	2,945,657
Common shares issued, value				$ 18,087,640	$ 18,087,640
Public offering price per share				$ 6.50	$ 6.50
Underwriters commissions				$ 1,051,131	$ 1,051,131
Escrow closing fees				$ 8,000	$ 8,000
Series A-1 Preferred Stock [Member]
Stockholders' Equity (Deficit) (Textual)
Common shares issued							245,100	93,800
Common shares issued, value							$ 1,225,500	$ 467,945
Vendor [Member]
Stockholders' Equity (Deficit) (Textual)
Common shares issued	4,000
Public offering price per share	$ 5.25
Common Stock [Member]
Stockholders' Equity (Deficit) (Textual)
Common stock authorized, shares			20,000,000
Stock split			Two-for-one
Reserved common stock pursuant to the Equity Incentive Plans							2,000,000	2,000,000
Stock options and warrants outstanding							1,957,204	1,247,704
Preferred Stock [Member]
Stockholders' Equity (Deficit) (Textual)
Conversion provisions upon an initial public offering							$ 15,000,000
Sale of preferred stock, shares						245,100
Sale of preferred stock cash proceeds						$ 1,225,500
Stock split			Two-for-one
Preferred stock conversion, description		A majority of the Series A-1 Preferred stockholders voted to convert all 1,434,891 Series A-1 Preferred shares to 2,869,782 common shares.
Preferred Stock [Member] | Series A-1 Preferred Stock [Member]
Stockholders' Equity (Deficit) (Textual)
Preferred stock, shares authorized							5,000,000
Preferred stock, shares designated							1,500,000
Preferred stock, par value
Preferred stock, shares issued
Preferred stock, shares outstanding
Preferred Stock [Member] | Related party [Member]
Stockholders' Equity (Deficit) (Textual)
Sale of preferred stock, shares							10,000

Stock-Based Payments (Details)

Stock-Based Payments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Research and development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation, including stock-options, warrants and stock issued for compensation	$ 24,000
Sales and marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation, including stock-options, warrants and stock issued for compensation	27,000
General and administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation, including stock-options, warrants and stock issued for compensation	$ 152,734	$ 48,375

Stock-Based Payments (Details 1

Stock-Based Payments (Details 1)	12 Months Ended
	Dec. 31, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual dividend yield
Total grant date fair value	$ 503,260
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	6 years
Risk-free interest rate	1.71%
Expected volatility	21.30%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	10 years
Risk-free interest rate	2.46%
Expected volatility	22.10%

Stock-Based Payments (Details 2

Stock-Based Payments (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Options outstanding	267,700	275,200
Number of Shares, Granted	756,500
Number of Shares, Exercised
Number of Shares, Forfeited or expired	(40,000)	(7,500)
Number of Shares, Options outstanding	984,200	267,700	275,200
Weighted Average Exercise Price, Options outstanding	$ 2.06	$ 2.06
Weighted Average Exercise Price, Granted	2.70
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited or expired	2.50	2.06
Weighted Average Exercise Price, Options outstanding	$ 2.71	$ 2.06	$ 2.06
Weighted Average Remaining Contractual Life (in Years), Options outstanding	8 years 11 months 19 days	8 years 9 months 3 days	9 years 9 months 3 days
Weighted Average Remaining Contractual Life (in Years), Granted	9 years 5 months 1 day
Weighted Average Remaining Contractual Life (in Years), Options exercisable	7 years 9 months 3 days
2012 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares, Options outstanding	980,004	980,004
Number of Shares, Granted	8,000
Number of Shares, Exercised	(15,000)
Number of Shares, Forfeited or expired
Number of Shares, Options outstanding	973,004	980,004	980,004
Number of Shares, Options exercisable	232,284
Weighted Average Exercise Price, Options outstanding	$ 0.58	$ 0.58
Weighted Average Exercise Price, Granted	2.50
Weighted Average Exercise Price, Exercised	0.50
Weighted Average Exercise Price, Forfeited or expired
Weighted Average Exercise Price, Options outstanding	0.59	$ 0.58	$ 0.58
Weighted Average Exercise Price, Options exercisable	$ 2.06
Weighted Average Remaining Contractual Life (in Years), Options outstanding	6 years 4 months 13 days	7 years 4 months 9 days	8 years 4 months 9 days
Weighted Average Remaining Contractual Life (in Years), Granted	4 years 3 months 29 days

Stock-Based Payments (Details 3

Stock-Based Payments (Details 3)	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested as of December 31, 2017	139,238
Issued	169,238
Underwriters warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price | $ / shares	$ 7.475
Vested as of December 31, 2017	122,238
Issued	122,238
Warrants issued to vendors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise Price | $ / shares	$ 3.200
Vested as of December 31, 2017	17,000
Issued	47,000

Stock-Based Payments (Details T

Stock-Based Payments (Details Textual) - USD ($)	May 01, 2017	Sep. 20, 2017	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-Based Payments (Textual)
Stock-based compensation						$ 203,734	$ 48,375
Total compensation cost related to non-vested awards						429,403
General and administrative expense						$ 1,063,635	459,990
Underwriter's warrants are exercisable term						5 years
Warrants issued						169,238
Warrants vesting, description						Of these, 11,000 warrants vest as follows: 5,000 immediately and 1,500 per month over four months. As of December 31, 2017, 5,000 of these were vested with a value of $5,805. The remaining 36,000 warrants are subject to deliverables being met. As of December 31, 2017, deliverables related to 12,000 of these warrants were met and are deemed vested with a value of $13,932 based on inputs to the Black-Scholes model, similar to those disclosed under the 2015 Plan and 2012 Plan.
Minimum [Member]
Share-Based Payments (Textual)
Expected life						6 years
Risk free interest rate						1.71%
Expected volatility						21.30%
Maximum [Member]
Share-Based Payments (Textual)
Expected life						10 years
Risk free interest rate						2.46%
Expected volatility						22.10%
Underwriters [Member]
Share-Based Payments (Textual)
Warrant exercise price						$ 7.475
Warrants issued						122,238
Vendors [Member]
Share-Based Payments (Textual)
Warrant exercise price						$ 3.200
Warrants issued						47,000
NQSO [Member]
Share-Based Payments (Textual)
Fair value of non-employee awards						$ 22,445
2015 Stock Incentive Plan [Member]
Share-Based Payments (Textual)
Common stock for delivery under the plan						1,000,000
Number of shares, forfeited or expired						7,500
Stock-based compensation						$ 136,002	$ 48,375
Options issuable shares						15,800
2015 Stock Incentive Plan [Member] | Forecast [Member]
Share-Based Payments (Textual)
Future stock option compensation expense			$ 69,000	$ 153,000	$ 207,000
2012 Employee Stock Benefit Plan[Member]
Share-Based Payments (Textual)
Common stock for delivery under the plan						1,000,000
Warrants outstanding, shares of company common stock	8,000					973,004	980,004
Strike price	$ 2.50
Stock options vested term	5 years
Warrants exercised cashless transaction		15,000
Common shares issued		13,846
Expected life	5 years
Risk free interest rate	1.84%
Expected volatility	21.34%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Share-based compensation expense	$ 88,211	$ 42,854
Net operating loss carry forward	2,434,289	2,112,856
Deferred tax liabilities:
Property and equipment	(24,878)	(15,387)
Federal research and development credit	259,615	178,158
Oregon research and development credit	129,675	83,012
Total deferred tax asset	2,886,912	2,401,493
Valuation Allowance	(2,886,912)	(2,401,493)
Net deferred tax asset

Income Taxes (Details 1)

Income Taxes (Details 1)		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Abstract]
Statutory U.S. Federal tax rate		34.00%	34.00%
Effect of U.S. tax law change	[1]	(30.00%)
State and local income taxes - net of Federal benefit		6.60%	6.60%
Nondeductible expenses and other		4.00%	3.00%
Valuation Allowance		(14.60%)	(43.60%)
Effective rate tax		0.00%	0.00%
[1]	Due to the Tax Act, our U.S. deferred tax assets and liabilities as of December 31, 2017 were re-measured from 34% to 21%. The change in tax rate resulted in a decrease to our gross U.S. deferred tax assets which is offset by a corresponding decrease to our valuation allowance. This resulted in an adjustment to the Company's deferred tax assets of $676,000 from the prior period.

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes (Textual)
Federal statutory rate reduction	34.00%	34.00%
Valuation allowance for deferred tax assets	$ 485,000	$ 836,000
Adjustment to deferred tax assets	676,000
Net operating loss carry forwards	$ 8,820,000
Operating loss carry forwards expire date, description	Expire at various dates from 2029 through 2037
Federal R&D tax credits, description	The Federal R&D tax credits will expire at various dates from 2032 through 2037, and the Oregon R&D tax credits will expire at various dates from 2018 through 2022.
Minimum [Member]
Income Taxes (Textual)
Federal statutory rate reduction	21.00%
Maximum [Member]
Income Taxes (Textual)
Federal statutory rate reduction	34.00%

Customer Deposits (Details)

Customer Deposits (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Customer Deposits (Textual)
Deposits received	$ 399,967	$ 386,035
Customer deposits from related parties	1,700	43,700
Refundable deposits amount	231,967	$ 386,035
Retail series production vehicles [Member] | Minimum [Member]
Customer Deposits (Textual)
Customer deposits per order	100
Retail series production vehicles [Member] | Maximum [Member]
Customer Deposits (Textual)
Customer deposits per order	10,100
Signature series vehicles [Member]
Customer Deposits (Textual)
Customer deposits per order	$ 42,000

Commitments and Contingencies42

Commitments and Contingencies (Details) - Commercial Industrial Office Lease [Member]	Dec. 31, 2017USD ($)
Years ending December 31:
2,018	$ 150,000
2,019	150,000
2,020	150,000
2,021	$ 25,001

Commitments and Contingencies43

Commitments and Contingencies (Details Textual)	Sep. 03, 2017USD ($)ft²	Dec. 31, 2017USD ($)ft²	Dec. 31, 2016USD ($)
Commitments and Contingencies (Textual)
Office lease | ft²	30,000	5,094
Description of operating lease	The lease began on October 1, 2017 and will terminate on March 31, 2021. Rent was $25,000 for the first month, then is $12,500 per month for months two through forty-one, and one dollar for month forty-two.
Monthly rent	$ 12,500
Rent expense	$ 25,000	$ 107,645	$ 61,740
Lease, description	The lease began on May 1, 2013 and was set to terminate on April 30, 2018.	Rent was $25,000 for the first month, then is $12,500 per month for months two through forty-one, and one dollar for month forty-two.
Related parties rental amount		$ 62,405	$ 54,600
Center Camp, LLC [Member]
Commitments and Contingencies (Textual)
Rent expense		$ 61,200

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Mar. 02, 2018	Jan. 31, 2018	Jan. 29, 2018	Dec. 31, 2017
Subsequent Events (Textual)
Equipment financing monthly payments, description				Subsequent to December 31, 2017, it has financed a total of $942,474 with monthly payments ranging from $437 to $6,897 and periods ranging from 48 to 60 months.
Subsequent Event [Member] | Common Stock [Member]
Subsequent Events (Textual)
Employee warrants			15,000
Warrant exercise price			$ 0.50
Exercised in cashless transaction at market price			$ 3.77756
Common shares issued			13,014
Employee options exercised		14,200
Exercised at a price per share		$ 2.0605
Restricted common stock issued	20,000
Total proceeds stock option amount		$ 29,259