Arcimoto (FUVV) 10-K 14 Apr 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Apr. 13, 2020	Jun. 28, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Arcimoto Inc
Entity Central Index Key	0001558583
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Current reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Emerging Growth Company	true
Entity shell Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		24,469,138
Entity Public Float			$ 32,412,024
Entity File Number	001-38213
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	OR

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 5,832,489	$ 4,903,019
Accounts receivable	244,450
Inventory	3,734,488	1,703,573
Prepaid inventory	1,194,695	1,168,074
Other current assets	665,079	458,570
Total current assets	11,671,201	8,233,236
Property and equipment, net	4,732,544	5,809,774
Security deposits	41,988	41,988
Total assets	16,445,733	14,084,998
Current liabilities
Accounts payable	339,835	717,151
Accrued liabilities	816,013	246,418
Customer deposits	793,524	454,624
Current portion of capital lease obligations	433,967	383,800
Convertible notes payable, related parties	1,150,907
Convertible notes payable, net of discount	837,557
Notes payable, net of discount	3,032,438	2,677,076
Current portion of warranty reserve	90,000
Current portion of deferred revenue	31,174
Total current liabilities	7,525,415	4,479,069
Warranty reserve	45,000	25,200
Long-term capital lease obligations, net of current portion	1,179,700	1,513,595
Long-term deferred revenue	85,500
Total long-term liabilities	1,310,200	1,538,795
Total liabilities	8,835,615	6,017,864
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred Stock, no par value, 1,500,000 authorized, none issued and outstanding as of December 31, 2019 and 2018, respectively
Common stock, no par value, 60,000,000 shares authorized; 24,436,389 and 15,032,341 shares issued and outstanding as of December 31, 2019 and 2018, respectively	43,573,529	30,102,738
Additional paid-in capital	2,344,751	930,869
Accumulated deficit	(38,308,162)	(22,966,473)
Total stockholders' equity	7,610,118	8,067,134
Total liabilities and stockholders' equity	16,445,733	14,084,998
Series A-1 preferred stock
Stockholders' equity:
Preferred Stock, no par value, 1,500,000 authorized, none issued and outstanding as of December 31, 2019 and 2018, respectively
Total stockholders' equity
Class C Preferred Stock
Stockholders' equity:
Preferred Stock, no par value, 1,500,000 authorized, none issued and outstanding as of December 31, 2019 and 2018, respectively
Total stockholders' equity

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Preferred stock, par value
Preferred stock, shares authorized	1,500,000	1,500,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	24,436,389	15,032,341
Common stock, shares outstanding	24,436,389	15,032,341
Series A-1 Preferred Stock
Preferred stock, par value
Preferred stock, shares authorized	1,500,000	1,500,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Class C Preferred Stock
Preferred stock, par value
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued		2,000,000
Preferred stock, shares outstanding		2,000,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue
Product sales	$ 891,356	$ 84,000
Other revenue	96,494	10,996
Total revenues	987,850	94,996
Cost of goods sold	2,911,467	127,531
Gross loss	(1,923,617)	(32,535)
Operating expenses
Research and development	6,032,243	3,814,844
Sales and marketing	1,005,132	1,569,888
General and administrative	5,494,199	5,604,505
Total operating expenses	12,531,574	10,989,237
Loss from operations	(14,455,191)	(11,021,772)
Other expense (income)
Interest expense	891,553	100,946
Other (income), net	(5,055)	(71,703)
Net loss	$ (15,341,689)	$ (11,051,015)
Weighted-average common shares outstanding basic and diluted	18,130,227	15,754,718
Net loss per common share - basic and diluted	$ (0.85)	$ (0.7)

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Series A-1 Preferred Stock	Class C Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2017			$ 27,177,790	$ 519,340	$ (11,915,458)	$ 15,781,672
Balance, shares at Dec. 31, 2017			15,872,001
Issuance of common stock for services			$ 195,450			195,450
Issuance of common stock for services, shares			55,000
Issuance of common stock for cash			$ 3,014,700	111,374		3,126,074
Issuance of common stock for cash, shares			1,004,900
Exchange of common stock for Class C Preferred stock
Exchange of common stock for Class C Preferred stock, shares		2,000,000	(2,000,000)
Exercise of stock options			$ 29,259			29,259
Exercise of stock options, shares			14,200
Offering costs			$ (314,461)			(314,461)
Stock options exercised - cashless
Stock options exercised - cashless, shares			15,967
Warrants exercised - cashless
Warrants exercised - cashless, shares			70,273
Stock-based compensation				300,155		300,155
Net loss					(11,051,015)	(11,051,015)
Balance at Dec. 31, 2018			$ 30,102,738	930,869	(22,966,473)	8,067,134
Balance, shares at Dec. 31, 2018		2,000,000	15,032,341
Issuance of common stock settlement of payable			$ 36,782			36,782
Issuance of common stock settlement of payable, shares			10,947
Issuance of common stock for cash			$ 14,836,435			14,836,435
Issuance of common stock for cash, shares			7,132,777
Issuance of warrants for cash				778,563		778,563
Exchange of common stock for Class C Preferred stock
Exchange of common stock for Class C Preferred stock, shares		(2,000,000)	2,000,000
Exercise of stock options			$ 10,502			10,502
Exercise of stock options, shares			3,388
Offering costs			$ (1,412,928)			(1,412,928)
Stock options exercised - cashless
Stock options exercised - cashless, shares			48,837
Warrants exercised - cashless
Warrants exercised - cashless, shares			208,099
Stock-based compensation				635,319		635,319
Net loss					(15,341,689)	(15,341,689)
Balance at Dec. 31, 2019			$ 43,573,529	$ 2,344,751	$ (38,308,162)	$ 7,610,118
Balance, shares at Dec. 31, 2019			24,436,389

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Net loss	$ (15,341,689)	$ (11,051,015)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	710,401	454,494
Amortization of debt discount	328,128
Loss on scrapped Beta FUV inventory	147,305
Loss on disposal of property and equipment	710,290	39,020
Stock-based compensation	635,319	495,605
Changes in operating assets and liabilities:
Accounts receivable	(244,450)	500
Inventory	(2,178,220)	(1,509,048)
Prepaid inventory	(26,621)	(1,168,074)
Other current assets	125,217	(57,410)
Accounts payable	(340,534)	53,378
Accrued liabilities	618,567	(9,340)
Customer deposits	338,900	54,657
Warranty accrual	109,800	25,200
Deferred revenue	116,674
Net cash used in operating activities	(14,290,913)	(12,672,033)
INVESTING ACTIVITIES
Purchase of certificates of deposit		(5,250,000)
Proceeds from sale of certificates of deposit		11,496,850
Purchases of property and equipment	(254,611)	(1,717,038)
Proceeds from the disposal of property and equipment		250
Security deposits		(41,988)
Net cash (used in) provided by investing activities	(254,611)	4,488,074
FINANCING ACTIVITIES
Proceeds from sale of common stock	14,836,435	3,014,700
Proceeds from sale of warrants	778,563
Payment of offering costs	(1,412,928)	(526,011)
Proceeds from the exercise of stock options	10,502	29,259
Payment on capital lease obligations	(372,578)	(255,079)
Proceeds from convertible notes payable to related parties	1,125,000
Payment of fees to lender	(300,000)
Proceeds from convertible notes payable	810,000
Proceeds from notes payable		3,000,000
Net cash provided by financing activities	15,474,994	5,262,869
Net cash increase (decrease) for year	929,470	(2,921,090)
Cash and cash equivalents at beginning of year	4,903,019	7,824,109
Cash and cash equivalents at end of year	5,832,489	4,903,019
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for interest	148,465	100,946
Cash paid during the year for income taxes	150	150
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrued interest converted to notes payable	48,972
Portion of equipment acquired through capital leases	88,850	2,152,474
Insurance finance agreement	331,726
Stock issued for payment of payables	36,782
Warrants issued to investors		$ 111,374

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [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 eleven 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, affordable, and fossil-free alternative for the vast majority of daily trips. Compared to the average car, the FUV has dropped 2/3 of the weight and 2/3 of the footprint, in order to bring the joy of ultra-efficient, pure electric driving to the masses. Risks and Uncertainties The Company currently has limited production and distribution capabilities. Facilities to manufacture vehicles at limited scale substantially complete. We started retail production at one FUV per build day and ramped to two per build day in the first quarter of 2020, prior to the COVID-19 production shutdown. Arcimoto also does not have a history of higher-scale production and may encounter delays, flaws, inability to raise sufficient capital, or inefficiencies in the manufacturing process, which may prevent or delay achieving higher-scale production within the anticipated timeline. Part of the Company's strategy is to use vehicle rentals to generate a positive cash flow from customer test drive activities. As with any strategy, there is the risk that the rental business will not be successful. As of December 31, 2019, the Company has $3,734,488 in inventory and another $1,194,695 in prepaid inventory not received yet. Certain inventory components are included in prepaid inventory that have long lead times requiring payment in advance. Due to the materiality of the prepaid inventory balances we are now showing it separate from general prepaid assets on the financial statements. The Company plans to incur substantial additional expenses marketing its current and future products and services. In addition, the Company will compete with companies that currently have extensive and well-funded marketing and sales operations. The Company's marketing and sales efforts may be unable to compete successfully against these companies. Further, the Company's business and operations are sensitive to general governmental policy, business and economic conditions in the United States and worldwide. A host of factors beyond the Company's control could cause fluctuations in these conditions. Other developments, including but not limited to economic recessions, import tariffs, trends in vehicle manufacturing, consumer taste, availability of inventory, and changes in government policy related to cars and motorcycles, could have a material adverse effect on the Company's financial condition and the results of its operations. 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 products. On January 30, 2020, the World Health Organization declared the COVID-19 outbreak a "Public Health Emergency of International Concern" and on March 10, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread of the COVID-19 include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of public places and businesses. The COVID-19 and actions taken to mitigate it have had and are expected to continue to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the Company operates. While it is unknown how long these conditions will last and what the complete financial effect will be to the company, to date, the Company announced on March 19, 2020, that it will temporarily suspend all production of the Fun Utility Vehicle through April 17, 2020 at its U.S. factory located in Eugene, Oregon in response to the rapidly evolving COVID-19 pandemic. The date to restart production will evolve with the COVID-19 pandemic. The Company will maintain a work-from-home staff to push forward critical operations, including compliance and reporting, research and development, customer service, and deployment of the Company's recently-launched Rapid Responder and Deliverator pilot vehicles to key potential fleet operators. As part of this suspension of production, the Company furloughed approximately 67% of its workforce with the remaining individuals continuing to work full or part time, which will result in meaningful cost reduction during the period of shutdown. We expect to retain the furloughed workers after production has resumed. As a result of the shut-down, the first quarter 2020 revenue activities were negatively impacted, and the second quarter 2020 may be negatively impacted based on the length and severity of the pandemic. With some suppliers not currently producing, once the temporary suspension of production is over, we anticipate minimal shortages depending on when suppliers restart production and how fast the Company can ramp up production. This makes it reasonably possible that we are vulnerable to the risk of a near-term severe impact. Additionally, it is reasonably possible that estimates made in the financial statements have been, or will be, materially and adversely impacted in the near term as a result of these conditions, including the timing and need to raise additional working and operating capital, and the Company's ability to repay debt coming due in June, August, and September 2020. We have applied for Payroll Protection Plan ("PPP") and Economic Injury Disaster Loans ("EILD") through the Small Business Administration ("SBA") that were made available under the CARES ACT passed by Congress in response to the COVID-19 pandemic at the end of March 2020.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2019
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 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 debt and equity securities. The Company will require additional funding 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 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 will need to raise additional capital in order to fund its operations, which it intends to obtain through debt and/or equity offerings. Funds on hand and any follow-on capital, will be used to invest in our business to expand sales and marketing efforts, including company owned and franchise rental operations and the system to support them, enhance our current product lines by continuing research and development ("R&D") to enhance and reduce the cost of the FUV and to bring future variants to retail production, continue to build out and optimize our production facility, debt repayment, 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, 2019
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 generally accepted accounting principles in the United States ("GAAP"). Certain prior year information has been reclassified to conform to current year presentation. 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, convertible notes, debt, and capital lease obligations. 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 adopted 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; and ● 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, 2019 and 2018, 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, 2019 and 2018, the Company held its balance of cash and cash equivalents in financial institutions, which, at times, exceeded the federally insured limits. Accounts Receivable Accounts receivable are reported net of allowance for probable 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, 2019, and 2018, the Company had $301,291 and $17,887, respectively of accounts receivable with a $56,841 and $17,887 of reserve allowance as of December 31, 2019 and 2018, respectively. Certificates of Deposit The Company uses certificates of deposit for short-term investments. No more than $250,000 is invested in any single certificate of deposit so that all balances are covered by federal insurance limits. As of December 31, 2019 and 2018, there were no certificates of deposit that had original maturities greater than three months. 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. December 31, December 31, Raw materials and component parts $ 3,650,466 $ 1,531,032 Work-in-progress 25,340 15,683 Finished goods 58,682 156,858 Total inventory $ 3,734,488 $ 1,703,573 Beta FUVs previously held in finished goods were scrapped for approximately $147,000 and written off during the year ended December 31, 2019, which is in addition to the disposal disclosed in Note 4. 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 and 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 Non-refundable customer deposits are comingled with operating funds. Refundable customer deposits are generally held in a separate deposit account. Revenue is not recognized on customer deposits until the deposit is applied to a non-refundable vehicle order, the vehicle manufacturing process is completed, the vehicle is picked up by or delivered to the customer and the appropriate revenue recognition criteria have been met per our policy below. Warranties During 2019 the Company recorded a warranty reserve for four Signature Series vehicles sold. The Company began recording warranty reserves with the commencement of Retail Series production of the FUV. We provide a warranty on vehicle and production powertrain components and battery pack sales, and we 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 is 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 is classified as current, while the remaining amount is classified as long-term liabilities. Deferred Revenue Deferred revenues represent cash collected in advance of the revenues being earned for deliverables to FUV customers, distributor licensing arrangements and franchise fees. Revenue Recognition The Company recognizes revenue when the earnings process is complete. This generally occurs when products are picked up by the customer or a common carrier or, when the FUV is shipped in a company owned vehicle, when delivery is completed, in accordance with the sales agreement or purchase order, which is when control of the vehicle passes to the customer. 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 or picked up by customers. Revenues related to distributor licensing arrangements are generally recognized over the term of the agreement, except for specific products and services specified as part of the agreement, for which revenue may be accelerated based on when the earnings process is complete. Distributor and Franchise fee revenue is recognized over the term of the agreements which is generally 10 years for franchises and 4 years for distributors. We have determined that any services provided to our franchise partners are not distinct from the franchise rights granted in the franchise agreement and they are combined into a single performance obligation. 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 $21,982 and $15,148 for the years ended December 31, 2019 and 2018, respectively. Research and Development Costs relating to research and development ("R&D") are expensed as incurred. R&D expenses consisted of $6,032,243 for the year ended December 31, 2019, and $3,814,844 for the year ended December 31, 2018. Costs primarily relate to engineering salaries and related benefits and material costs related to testing and product design and development. 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 income tax expense 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 income tax expense 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 before they expire. 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, 2019 and 2018, the Company excluded the outstanding Employee Equity Plans ("EEP") and other securities summarized below, which entitled 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. December 31, December 31, Warrants to purchase common stock 658,316 893,004 Stock options to purchase common stock 2,619,729 1,395,223 Underwriters warrants 2,109,539 1,065,095 Convertible notes 486,492 - Total 5,874,076 3,353,322 Recent Accounting Pronouncements The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company's financial statements properly reflect the change. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02") which supersedes ASC Topic 840, Leases. ASU 2016-02 requires lessees to recognize a right-of-use asset and a lease liability on their balance sheets for all the leases with terms greater than twelve months. Based on certain criteria, leases will be classified as either financing or operating, with classification affecting the pattern of expense recognition in the income statement. For leases with a term of twelve months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2020 for smaller reporting companies, and interim periods within those years, with early adoption permitted. We will adopt this new standard on January 1, 2021. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. In July 2018, the FASB issued ASU No. 2018-11, "Leases (Topic 842): Targeted Improvements" that allows entities to apply the provisions of the new standard at the effective date, as opposed to the earliest period presented under the modified retrospective transition approach and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The modified retrospective approach includes a number of optional practical expedients primarily focused on leases that commenced before the effective date of Topic 842, including continuing to account for leases that commence before the effective date in accordance with previous guidance, unless the lease is modified. The Company currently expects that most of its operating lease commitments will be subject to the new standard and recognized as operating lease liabilities and right-of-use assets upon its adoption of Topic 842, which will increase the total assets and total liabilities that the Company reports relative to such amounts prior to adoption. In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, but no earlier than an entity's adoption date of Topic 606. The Company expects to adopt the new standard on January 1, 2020. The Company anticipates the adoption will not have a material impact on its financial statements. In August 2018, the FASB issued Accounting Standards Update ("ASU") 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement". ASU 2018-13 removes certain disclosures, modifies others and introduces additional disclosure requirements for entities. The amendments in ASU 2018-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company does not believe the adoption of ASU 2018-13 will have a material effect on the financial statements and their disclosures.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 4: PROPERTY AND EQUIPMENT As of December 31, 2019 and 2018, our property and equipment consisted of the following: December 31, December 31, Computer equipment and software $ 77,583 $ 51,594 Furniture and fixtures 46,839 46,839 Machinery and equipment 4,699,383 4,683,529 FUV rental fleet - 71,998 Leasehold improvements 774,046 349,008 Fixed assets in process 264,999 1,082,345 Total Property & Equipment 5,862,850 6,285,313 Less: Accumulated depreciation (1,130,306 ) (475,539 ) Total $ 4,732,544 $ 5,809,774 Fixed assets in process is comprised primarily of leasehold improvements, tooling and equipment related to the manufacturing of our vehicles. Completed assets are transferred to their respective asset class and depreciation begins when the asset is ready for its intended use. During the year ended December 31, 2019, the Company recorded a loss on disposal of property and equipment of approximately $710,000 for pre certification production of Beta FUVs that do not meet regulatory requirements and could not be modified to achieve such. Depreciation expense was $710,401 and $454,494 during the years ended December 31, 2019 and 2018, respectively.

Capital Lease Obligations

Capital Lease Obligations	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
CAPITAL LEASE OBLIGATIONS	NOTE 5: CAPITAL LEASE OBLIGATIONS As of December 31, 2019, the Company has financed a total of approximately $2,254,000 of its capital equipment purchases with monthly payments ranging from $362 to $8,582, repayment terms ranging from 48 to 60 months, and effective interest rates ranging from 4.52% to 9.86%. Total monthly capital lease payments as of December 31, 2019 are $45,789. These lease obligations mature ranging from December 2021 through December 2024 and are secured by approximately $2,690,000 in underlying assets which have $439,182 in accumulated depreciation as of December 31, 2019. The balance of capital lease obligations was $1,613,667 and $1,897,395 as of December 31, 2019 and 2018, respectively. See the following table for future minimum payments by year. Years ending December 31: 2020 $ 549,464 2021 549,464 2022 520,306 2023 224,299 2024 9,943 Total payments including interest 1,853,476 Less amounts representing interest (239,809 ) Total of future payments on principal balances 1,613,667 Less short-term capital lease obligations (433,967 ) Total long-term capital lease obligations $ 1,179,700

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 6: NOTES PAYABLE On December 27, 2018, the Company entered into a Subscription Agreement (the "Subscription Agreement") with FOD Capital, LLC, a Florida limited liability company (the "Investor"), pursuant to which the Company issued to the Investor (i) 500,000 shares of its common stock, no par value per share at a purchase price of $3.00 per share (the "Shares"), (ii) a warrant to purchase up to 942,857 shares of common stock at $3.50 per share (the "Warrant"), and (iii) a senior secured note in the principal amount of $3,000,000 (the "Note"). See Note 7 for additional details. On September 12, 2019, the Company issued an additional $500,000 note ("additional Note") to the Investor, net of $15,000 discount. The additional Note principal plus accrued interest is convertible into the Company's common stock at a conversion price of per share of $4.25. Between July 11, 2019 and July 15, 2019, the Company entered into subscription agreements (each a "Subscription Agreement" and, collectively, the "Subscription Agreements"), pursuant to which the Company issued notes in original principal amount of $600,000 (U.S.) (each a "Note" and, collectively, the "Notes"). Of the $600,000 Notes issued, $325,000 were to related parties. The related parties include officers, their immediate family members, and directors. The principal amount due under each Note was due and payable on the two-month anniversary of the date of each Note (the "Maturity Date"): in (a) cash, (b) the Company's common stock (valued at a price of $4.25 per share) or (c) in the event the Company issues convertible promissory notes to third parties before the Maturity Date, in a convertible promissory note on the same terms as purchased by such third parties; in each case at the election of the holder of the Note. Each Note also bore interest, payable at the Maturity Date, equal to $100,000 multiplied by the remainder of (i) the amount of the Note divided by (ii) $600,000. Interest was payable on each Note in: (a) the Company's common stock (valued at $4.25 per share) or (b) in the event the Company issued convertible promissory notes to third parties before the Maturity Date, in a convertible promissory note on the same terms as purchased by the third parties; in each case at the election of the holder. On August 14, 2019, the $600,000 in principal and accrued interest of $48,972 on the Notes were exchanged into $648,972 in principal amount of convertible promissory notes ("New Notes"). The principal amount of the New Notes is due and payable on the one year anniversary of the date of the New Notes in (a) cash or (b) the Company's common stock at a price of $4.25 per share, at the election of the holder of the New Notes. Interest on the New Notes accrues at an annual rate of 10%, compounded monthly. Between August 14, 2019 and September 27, 2019, the Company issued additional notes with the New Notes terms in the original principal amount of $850,000, of which $800,000 was to related parties. The Company may prepay the indebtedness at any time.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE 7: STOCKHOLDERS' EQUITY 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 and 2,000,000 are designated as Class C Preferred Stock. 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 was 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. As a result of the share exchange agreement described below, the Company issued 2,000,000 shares of Class C Preferred Stock on November 15, 2018 in the exchange noted below. These 2,000,000 shares of Class C Preferred Stock were exchanged back to an equal number of shares of common stock on May 13, 2019, upon the filing of an amendment to the Company's Second Amended and Restated Articles of Incorporation that increased the number of authorized shares of common stock. Except as otherwise required by law or expressly provided in the Company's Second Amended and Restated Articles of Incorporation, as amended, each share of Class C Preferred Stock has one vote for the election of directors and on all matters submitted to a vote of shareholders of the Company. The Company is not obligated to redeem or repurchase any shares of Class C Preferred Stock. Shares of Class C Preferred Stock are not otherwise entitled to any redemption rights, or mandatory sinking fund or analogous fund provisions. Common Stock At the May 11, 2019 annual meeting of shareholders (the "2019 Annual Meeting"), the shareholders approved an increase in the number of authorized common shares from 20,000,000 to 60,000,000, which also triggered the automatic conversion of the 2,000,000 shares of Class C Preferred Stock to common stock described above. The Company has reserved a total of 3,412,084 shares of its common stock pursuant to the equity incentive plans (see Note 8). The Company has 3,293,135 and 2,236,893 stock options and warrants outstanding under these plans as of December 31, 2019 and 2018, respectively. As of December 31, 2019, the Company has reserved an additional 2,596,031 shares of its common stock for warrants and convertible notes pursuant to the Subscription Agreements discussed above. As of December 31, 2019, these warrants were fully vested. Common Stock Issued for Compensation During the year ended December 31, 2019, the Company issued 10,947 common shares for settlement of payables from the equity incentive plans with a fair value of $36,785. The shares were valued based on the stock price at the time of the grant when the performance commitment was complete. The shares issued during the year ended December 31, 2019 were to settle existing accounts payable. Exercise of Stock Options and Warrants During the year ended December 31, 2019, a total of 3,388 employee options were exercised at a price per share of $3.10 for total proceeds to the Company of $10,502. On January 31, 2018, 14,200 employee options were exercised at a price per share of $2.0605 for total proceeds to the Company of $29,259. During the year ended December 31, 2019, a total of 245,688 employee warrants, 75,688 with an exercise price of $0.50 per share and 170,000 with an exercise price of $0.9375 per share, were exercised in cashless transactions at market prices ranging from $3.162 to $5.212 per share, which was based on the average of the Company's daily closing prices surrounding the transaction dates. The transactions resulted in the issuance of a total of 203,252 shares of the Company's common stock. During the year ended December 31, 2018, a total of 80,000 employee warrants with an exercise price of $0.50 per share were exercised in cashless transactions at market prices ranging from $3.778 per share to $4.403 per share, which was based on the average of the Company's daily closing prices surrounding the transaction dates amounting to the issuance of a total of 70,273 shares of the Company's common stock. During the year ended December 31, 2019, 119,637 employee options with an exercise price ranging from $2.0605 per share to $3.10 per share were exercised in cashless transactions at market prices ranging from $2.864 per share to $5.212 per share each of which was based on ranges of the Company's daily closing price near the transaction dates. The exercises resulted in the issuance of a total of 53,684 shares of the Company's common stock. During the year ended December 31, 2018, 40,056 employee options with an exercise price ranging from $2.0605 per share to $2.50 per share were exercised in cashless transactions at market prices ranging from $3.658 per share to $4.202 per share each of which was based on ranges of the Company's daily closing price near the transaction dates. The exercises resulted in the issuance of a total of 15,967 shares of the Company's common stock. Share Exchange Agreement On November 15, 2018, the Company entered into a Share Exchange Agreement with the President, CEO and Chairman of the Board of Directors of the Company (the "CEO"). Pursuant to the Agreement, the CEO exchanged 2 million of his shares of company common stock for 2 million shares of newly designated Class C preferred stock. These shares automatically convert back to 2 million shares of common stock upon the filing of an amendment to the Restated Articles of the Company that increased the number of authorized shares of common stock. There was no accounting impact as a result of this exchange. Public Offering of Common Stock On November 19, 2018, the Company entered into Subscription Agreements with certain investors relating to a public offering of 504,900 shares of common stock directly to investors, for an offering price of $3.00 per share. The Company utilized the proceeds of $1,514,700 from the offering, for operating expenses, inventory costs, and offering costs, among other general corporate purposes. The November 2018 Offering was made pursuant to the Company's registration statement on Form S-3. On March 25, 2019, the Company entered into Subscription Agreements with certain investors relating to a public offering of 800,000 shares of common stock directly to investors, for an offering price of $4.25 per share. The gross proceeds of $3,400,000 were offset by approximately $255,000 in various legal and transaction fees. The March 25, 2019 offering was made pursuant to the Company's registration statement on Form S-3. On October 3, 2019, the Company entered into Securities Purchase Agreements with certain institutional investors pursuant to which the Company agreed to issue in a registered direct offering an aggregate of 1,044,444 shares of the Company's common stock, no par value per share, at a purchase price per share of $2.25 for aggregate gross proceeds of approximately $2,349,999, and in a concurrent private placement, agreed to issue to the investors warrants ("Warrants") to purchase up to 1,044,444 shares of common stock at an exercise price per share of $2.83 per share (collectively, the "Offerings"). The gross proceeds of $2,349,999 were offset by approximately $191,000 in various legal and transaction fees. The Company allocated the gross proceeds on a relative fair value basis to shares and warrants. The warrants were valued using a Black Scholes model with the following inputs: 2019 Annual dividend yield - Expected life (years) 5.5 Risk-free interest rate 1.34 % Expected volatility 41.5 % The Warrants will be exercisable six months after the date of issuance, will expire five and one-half years from the date of issuance, and are subject to customary adjustments. The Warrants and the shares of common stock issuable upon exercise of the Warrants have not been registered with the Securities and Exchange Commission (the "Commission"). The Company intends to use the net proceeds from the Offerings for general corporate purposes, including to cover the Company's operating expenses and inventory. The Company offered the shares in the registered direct offering pursuant to the Company's registration statement on Form S-3. On November 22, 2019, the Company entered into Subscription Agreements with certain investors relating to a public offering of 5,000,000 shares of common stock directly to investors, for an offering price of $1.80 per share. The gross proceeds of $9,000,000 were offset by approximately $971,000 in various legal and transaction fees plus approximately $142,000 in commissions for carve out investors. The November 22, 2019 offering was made pursuant to the Company's registration statement on Form S-1. Private Offering of Common Stock During January and February 2019, the Company entered into Subscription Agreements with four independent investors, pursuant to which the Company issued to the investors at total of 288,333 shares of its common stock, no par value per share, at a purchase price of $3.00 per share, pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). Private Offering of Common Stock, Warrant and Note On December 27, 2018, the Company entered into a Subscription Agreement (the "Subscription Agreement") with FOD Capital, LLC, a Florida limited liability company (the "Investor"), pursuant to which the Company issued to the Investor (i) 500,000 shares of its common stock, no par value per share, at a purchase price of $3.00 per share (the "Shares"), (ii) a warrant to purchase up to 942,857 shares of common stock at $3.50 per share (the "Warrant"), and (iii) a senior secured note in the principal amount of $3,000,000 (the "Note"). The Shares, Warrant and Note were purchased together by the Investor for an aggregate amount of $4.5 million but were issued separately (collectively, the "Transaction"). The Shares were issued for an aggregate purchase price of $1,500,000. In connection with the Share issuance, the Company granted the Investor with franchise rights for the lower Florida Keys, subject to the terms contained in the Company's standard franchise agreement. The Warrant has a 3-year term. The Company reserved 942,857 shares of common stock for issuance pursuant to the potential exercise of the Warrant and, so long as the Warrant remains outstanding, the Company will keep reserved for issuance under the Warrant that number of shares of Common Stock at least equal to the maximum number of shares of common stock as shall be necessary to satisfy the Company's obligation to issue shares of common stock under the Warrant then outstanding (without regard to any limitations on exercise). The warrant was valued based on the Black-Scholes option pricing model using similar inputs to those described in Note 8, other than the contractual life which was based on the term of the warrant. The relative fair value of the warrant in relation to the debt and equity component of the Transaction was $111,374. The Note is secured by a perfected first secured lien on all of the Company's assets except for equipment assets securing existing or future leases. Interest will accrue at 10% per annum and will be paid at maturity or payoff of the note, with a minimum of one year of interest paid at such time. The original maturity date of the Note was December 27, 2019 and on this date was extended for an additional six months upon payment of $300,000 to the Investor by the Company. In connection with the Note, the Company entered into a Security Agreement, an Intellectual Property Security Agreement and a Collateral Assignment of Lease Agreement, each dated as of December 27, 2018 (collectively, the "Collateral Documents"). The short-term note was recorded with a discount of $322,942 which was amortized as interest expense over the Note's original twelve-month term. The discount was recognized in its entirety in 2019. The discount was based on the allocation of costs and warrants associated with the Transaction. The $300,000 extension fee was recorded as a discount to the note and will be amortized over the six-month extension period. On September 12, 2019, the Company entered into an Amended and Restated Subscription Agreement (the "Restated Subscription Agreement") with the Investor, which amended and restated the Subscription Agreement. Pursuant to the Restated Subscription Agreement and in addition to the issuances under the Subscription Agreement, the Company issued to the Investor a convertible note in the principal amount of $500,000 (the "Convertible Note") for an additional purchase price of $500,000. The Convertible Note matures on September 12, 2020, provided, that the Convertible Note may convert into the Company's common stock at any time at the option of the Investor at a rate of $4.25 per share. In connection with the Restated Subscription Agreement, the Company also granted the Investor franchise rights for the Florida Keys, subject to certain modifications to the terms of the Company's standard franchise agreement including, but not limited to, a right of first refusal for any Company rental franchise in the South Beach Region of Miami Beach, Florida. The Convertible Note is secured by a perfected first secured lien on all of our assets except those in capital leases described above. In connection with the Subscription Agreement, the Company entered into the Collateral Documents, each of which apply to the Convertible Note pursuant to the Restated Subscription Agreement. The Convertible Note is included in the New Convertible Notes discussed in Note 6.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	NOTE 8: STOCK-BASED COMPENSATION The Company grants stock options and warrants pursuant to the 2018 Omnibus Stock Incentive Plan ("2018 Plan"), Amended and Restated 2015 Stock Incentive Plan ("2015 Plan") and the Second Amended and Restated 2012 Employee Stock Benefit 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. The Company recognizes stock option forfeitures as they occur as there is insufficient historical data to accurately determine future forfeiture rates. 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 valuing stock-based awards. The expected life of employee stock options was estimated using the "simplified method," as the Company has insufficient 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 comparables 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: Year ended December 31, 2019 2018 Research and development $ 176,484 $ 106,066 Sales and marketing 85,042 237,107 General and administrative 337,801 152,432 Cost of goods sold 35,992 - Total $ 635,319 $ 495,605 2018 Omnibus Stock Incentive Plan The 2018 Plan authorizing 1,000,000 shares was approved by the Board of Directors and then the Company's shareholders at the Company's 2018 annual meeting of shareholders held on June 9, 2018. At the 2019 Annual Meeting, the shareholders approved an additional 1,000,000 shares of common stock to be issued under the 2018 Plan. The 2018 Plan provides the Company the ability to grant to employees, directors, consultants or advisors shares of common stock of the Company through the grant of equity awards, including, but not limited to, options that are incentive stock options or NQSOs and restricted stock, provided that only employees are entitled to receive incentive stock options in accordance with IRS guidelines. For the period ended December 31, 2019, the Company has a remaining reserve of 1,939,048 shares of common stock under the 2018 Plan. Awards that are forfeited generally become available for grant under the 2018 Plan. Through December 31, 2019, 2,142,552 options, warrants or shares have been issued under the 2018 Plan, and 261,412 of those grants were forfeited, leaving 1,820,188 grants outstanding. Of this amount, 198,261 employee options were vested and 60,952 shares were issued in payment of vendor invoices as of December 31, 2019. See below for the range of variables used in assessing the fair value at the grant date for the options issued during the year ended December 31, 2019 under the 2018 Plan: 2019 Annual dividend yield - Expected life (years) 6.0 Risk-free interest rate 1.81% - 2.36 % Expected volatility 40.3% - 40.9 % Employee stock-based compensation expense included in operating expenses for the years ended December 31, 2019 and 2018 was $461,513 and $106,404, respectively. For options issued to a non-employee contractor for the year ended December 31, 2019, vesting was completed on the date of issue. The fair value of these non-employee awards was $36,782 for the year ended December 31, 2019. Total compensation cost related to non-vested awards not yet recognized as of December 31, 2019 is approximately $1,648,000 and will be recognized on a straight-line basis through December 2023 based on the respective vesting periods. The amount of future stock option compensation expense could be affected by any future option grants or by any forfeitures. Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Options outstanding at December 31, 2017 36,000 $ 3.20 9.92 Granted 672,000 4.27 8.88 Exercised (55,000 ) 3.55 - Forfeited or expired (82,500 ) 4.33 9.68 Options outstanding at December 31, 2018 570,500 $ 4.26 9.63 Granted 1,434,552 2.69 9.70 Exercised (5,952 ) 3.36 - Forfeited or expired (178,912 ) 4.41 8.93 Options outstanding at December 31, 2019 1,820,188 $ 3.01 9.47 Options exercisable at December 31, 2018 12,500 3.25 8.95 Options exercisable at December 31, 2019 198,261 4.26 8.63 2015 Stock Incentive Plan The 2015 Plan provides the Company the ability to grant to employees, directors, consultants or advisors shares of common stock of the Company through the grant of options that are incentive stock options or NQSOs and/or the grant of restricted stock, provided that only employees are entitled to receive incentive stock options in accordance with IRS guidelines. One million shares of common stock were authorized for issuance under the 2015 Plan. Awards that are forfeited generally become available for grant under the 2015 Plan. As of December 31, 2019, 814,719 shares of common stock were reserved for issuance pursuant to stock options that are outstanding and 88 shares remain available for issuance pursuant to future awards that might be made under the 2015 Plan. During the year ended December 31, 2019, 145,600 options were granted under the 2015 Plan with a grant date fair value of $287,191. See below for the range of variables used in assessing the fair value at the grant date for the options issued during the year ended December 31, 2019: April 5, Annual dividend yield - Expected life (years) 6.0 Risk-free interest rate 2.36 % Expected volatility 40.9 % Employee stock-based compensation under the 2015 Plan for the years ended December 31, 2019 and 2018 was $173,806 and $185,673, respectively. For the NQSOs issued for the year ended December 31, 2019, vesting was completed on the date of issue. The fair value of these non-employee awards was $13,440 for the year ended December 31, 2019. Total compensation cost related to non-vested awards not yet recognized as of December 31, 2019 is approximately $251,000 and will be recognized on a straight-line basis through the end of the vesting periods ending in April 2022. The amount of future stock option compensation expense could be affected by any future option grants or by any forfeitures. A summary of activity under the 2015 Plan for the years ended December 31, 2019 and 2018 is presented below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Options outstanding at December 31, 2017 984,200 $ 2.71 8.97 Granted - - - Exercised (54,256 ) 2.25 7.37 Forfeited or expired (114,721 ) 2.66 8.23 Options outstanding at December 31, 2018 815,223 $ 2.53 7.72 Granted 145,600 4.49 9.01 Exercised (127,025 ) 2.17 6.37 Forfeited or expired (19,167 ) 3.10 7.92 Options outstanding at December 31, 2019 814,631 $ 2.89 8.07 Options exercisable at December 31, 2018 538,138 2.40 7.69 Options exercisable at December 31, 2019 588,113 2.50 6.93 2012 Employee Stock Benefit Plan A summary of activity under the 2012 Plan for the years ended December 31, 2019 and 2018 is presented below: Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Warrants outstanding at December 31, 2017 984,004 $ 0.62 6.41 Granted - - - Exercised (80,000 ) 0.50 4.00 Forfeited or expired - - - Warrants outstanding at December 31, 2018 904,004 $ 0.64 5.75 Granted 995 3.36 - Exercised (246,683 ) 0.81 3.23 Forfeited or expired - - - Warrants outstanding at December 31, 2019 658,316 $ 0.57 6.45 All outstanding warrants as of December 31, 2019 and 2018 were available for exercise. The 2012 Plan provides the Company the ability to grant to directors, employees, consultants, advisors or independent contractors shares of common stock of the Company through the grant of warrants and/or the grant of common stock. The Company originally reserved 1,000,000 shares of common stock for issuance under the 2012 Plan. Awards that are forfeited generally become available for grant under the 2012 Plan. As of December 31, 2019, 658,317 shares of common stock were reserved for issuance pursuant to warrants that are issued and outstanding under the 2012 Plan and 1 share remains available for issuance pursuant to future awards that might be made under the 2012 Plan. Warrants expire 10 to 15 years from the grant date and were vested when issued. The Company recorded $3,343 in stock compensation expense on common shares issued during the year ended December 31, 2019 from 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 Investor warrants $ 2.83 1,044,444 1,044,444 Regulation A Underwriter warrants $ 7.475 122,238 122,238 Investor warrants $ 3.50 942,857 942,857 Total 2,109,539 2,109,539 As described in Note 7, the Company granted 942,857 warrants with a strike price of $3.50 on December 27, 2018 and 1,044,444 warrants with a strike price of $2.83 on October 3, 2019.

Customer Deposits

Customer Deposits	12 Months Ended
	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
CUSTOMER DEPOSITS	NOTE 9: CUSTOMER DEPOSITS The Company has received customer deposits ranging from $100 to $10,100 per vehicle for Retail Series production vehicles and $42,000 per vehicle for Signature Series vehicles for purposes of securing a vehicle production slot. As of December 31, 2019 and 2018, the Company's balance of deposits received was approximately $794,000 and $455,000, respectively. As of December 31, 2019 and 2018, $374,524 and $370,624, 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 $11,200 and $1,700 as of December 31, 2019 and 2018, respectively.

Concentrations and Credit Risks

Concentrations and Credit Risks	12 Months Ended
	Dec. 31, 2019
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND CREDIT RISKS	NOTE 10: CONCENTRATIONS AND CREDIT RISKS Revenues and Accounts Receivable For the years ended December 31, 2019 and 2018, the Company had one and two significant customers, respectively, that accounted for more than 10% of the Company's total revenues. As of December 31, 2019, one customer made up 53% of our accounts receivable. The Company does not believe the loss of these customers would have a material impact on the Company's business or operations. Accounts Payable As of December 31, 2019 and 2018, the Company had one and two of its vendors accounting for more than 10% each of the Company's accounts payables balances, respectively. Management believes the loss of these vendors would not have an adverse impact on the Company's operations. Purchases/Inventory As of December 31, 2019 and 2018, the Company had two significant vendors that accounted for more than 10% of the Company's inventory balances. As of December 31, 2019, these vendors accounted for 17% and 23% of inventory balances. As of December 31, 2018, these vendors accounted for 14% and 19% of inventory balances. The loss of these vendors would not have a significant impact on the Company's operations.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11: COMMITMENTS AND CONTINGENCIES On September 3, 2017, the Company entered into a lease on approximately 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. Starting April 1, 2018, the lease was modified to include an additional approximately 1,000 square feet attached to the main building, and the monthly rent payment was increased to $12,948. On October 5, 2018, the Company converted a month to month lease previously signed on June 11, 2018, into a 60-month lease on approximately 5,000 square feet of commercial industrial office and manufacturing space in Eugene, Oregon. The lease began in October 2018 and will terminate in October 2023. Rent is $4,500 per month increasing by 3% on each annual anniversary of the signing. On October 3, 2018, the Company entered into a lease on approximately 4,491 square feet of retail space in San Diego, California. The lease began on November 1, 2018 and will terminate on October 31, 2023. Initial base rent is $8,982 per month increasing by 3% on each annual anniversary of the signing. In addition to the base rent there is a management fee of 5% of the base rent per month and an additional monthly fee of $377.09, subject to change, for the lessor's property taxes and insurance. A portion of the space will be used for Arcimoto's California dealer showroom. On October 18, 2018, we sublet 65% of the premises to Hula Holdings, Inc. ("Hula") which expects to use it as a rental center for FUVs, among other general retail, dispatching, parking and charging services for electric vehicles. Hula has agreed to pay the landlord 65% of the annual base rent and associated costs under the lease, however, to date, Hula has not made the required payments. On April 18, 2019, the Company entered into a lease on approximately 2,000 square feet of shared warehouse space in Eugene, Oregon. The month to month lease began on April 19, 2019 and will terminate on 72 hours written notice to the landlord. Initial rent is $780 per month. On July 1, 2019, the Company amended the lease to increase the space to 3,000 square feet of shared warehouse space. The rent increased to $1,270 per month plus $100 per month for electrical utilities. The Company terminated this lease on March 31, 2020. On December 6, 2019, the Company entered into a lease for a property approximately six blocks east of the AMP that contains two buildings. The initial term of the lease is 25 months which began on December 6, 2019. There is an option for a three-year extension. The main building is 6,508 square feet of office and warehouse and the auxiliary building is 4,318 square feet of warehouse space. The office space is being used by marketing and sales. The warehouse is being used for R&D and battery module manufacturing. On March 3, 2020, we amended the lease to include the adjacent building which has 10,752 square feet of office and warehouse space on the ground floor plus second floor office and storage space. This location will be used for further expansion. Effective April 1, 2020 the rent is $11,750 per month and subject to a 3% increase per year. See the following table for future minimum rent payments by year. Years ending December 31: 2020 $ 460,349 2021 355,125 2022 188,261 2023 155,502 2024 - Total $ 1,159,237 Rent expense is recognized on a straight-line basis. Total rent expense for the years ended December 31, 2019 and 2018 was $293,585 and $199,769, of these amounts none was to related parties. Litigation On March 11, 2018, the Company was served with a lawsuit entitled John R Switzer vs W.R. Hambrecht & Co. LLC et al. Jay Mendelson v. Arcimoto, Inc Mendelson Switzer On March 6, 2020, the Company filed a complaint ("the Complaint") against Ayro, Inc. ("Ayro"), accusing Ayro of patent infringement in Federal District Court in the Western District of Texas, Waco Division (Case No. 6:20-cv-00176-ADA) ("the Ayro Litigation"). In the Complaint, Arcimoto accuses at least Ayro's 311 two-seater electric vehicles of infringing U.S. Patent 8,985,255 (the "255 Patent"). The Complaint asks for monetary damages and enhanced damages due to willful infringement of the '255 Patent by Ayro. On March 27, 2020 Ayro Answered the Complaint denying liability and asserting counterclaims of noninfringement and patent invalidity. The Court in the Ayro Litigation has set a telephonic Scheduling Conference for April 29, 2020.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 12: INCOME TAXES 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 and liabilities as of December 31, 2019 and 2018 are summarized below: For the Year Ended 2019 2018 Deferred tax assets: Share-based compensation expense $ 400,394 $ 225,022 Net operating loss carry forward 9,197,186 5,260,576 Federal research and development credit 425,714 366,085 Oregon research and development credit 199,272 176,338 Deferred tax liabilities: Property and equipment (209,930 ) (114,003 ) Total deferred tax asset 10,012,636 5,914,018 Valuation Allowance (10,012,636 ) (5,914,018 ) 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, 2019 and 2018, 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 $4,098,618 and $3,027,106 during the years ended December 31, 2019 and 2018, respectively. No federal tax provision has been provided for the years ended December 31, 2019 and 2018 due to the losses incurred during such periods. The Company's effective tax rate is different from the federal statutory rate due primarily to operating losses that receive no tax benefit as a result of a valuation allowance recorded for such losses. For the Year Ended 2019 2018 Statutory U.S. Federal tax rate 21.0 % 21.0 % State and local income taxes - net of Federal benefit 6.6 % 6.6 % Nondeductible expenses and other - % 0.9 % Valuation Allowance (27.6 )% (28.5 )% Effective rate tax 0.0 % 0.0 % As of December 31, 2019, the Company had net operating loss carry forwards of approximately $33,323,000. Approximately $8,241,000 of the net operating loss carryforwards will expire by 2037. The remainder of the net operating loss carryforwards generated in 2018 and later have indefinite carryforward periods. The Federal R&D tax credits will expire at various dates from 2033 through 2040, and the Oregon R&D tax credits will expire at various dates from 2020 through 2023. 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 2016 through 2018 are still subject to tax examination by the United States Internal Revenue Service; however, we do not currently have any ongoing tax examinations.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13: SUBSEQUENT EVENTS See Note 11 related to lease agreements and complaints and litigation.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accounting and reporting policies of the Company conform with generally accepted accounting principles in the United States ("GAAP"). Certain prior year information has been reclassified to conform to current year presentation.
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, convertible notes, debt, and capital lease obligations. 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 adopted 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; and ● 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, 2019 and 2018, 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, 2019 and 2018, the Company held its balance of cash and cash equivalents in financial institutions, which, at times, exceeded the federally insured limits.
Accounts Receivable	Accounts Receivable Accounts receivable are reported net of allowance for probable 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, 2019, and 2018, the Company had $301,291 and $17,887, respectively of accounts receivable with a $56,841 and $17,887 of reserve allowance as of December 31, 2019 and 2018, respectively.
Certificates of Deposit	Certificates of Deposit The Company uses certificates of deposit for short-term investments. No more than $250,000 is invested in any single certificate of deposit so that all balances are covered by federal insurance limits. As of December 31, 2019 and 2018, there were no certificates of deposit that had original maturities greater than three months.
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. December 31, December 31, Raw materials and component parts $ 3,650,466 $ 1,531,032 Work-in-progress 25,340 15,683 Finished goods 58,682 156,858 Total inventory $ 3,734,488 $ 1,703,573 Beta FUVs previously held in finished goods were scrapped for approximately $147,000 and written off during the year ended December 31, 2019, which is in addition to the disposal disclosed in Note 4.
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 and 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 Non-refundable customer deposits are comingled with operating funds. Refundable customer deposits are generally held in a separate deposit account. Revenue is not recognized on customer deposits until the deposit is applied to a non-refundable vehicle order, the vehicle manufacturing process is completed, the vehicle is picked up by or delivered to the customer and the appropriate revenue recognition criteria have been met per our policy below.
Warranties	Warranties During 2019 the Company recorded a warranty reserve for four Signature Series vehicles sold. The Company began recording warranty reserves with the commencement of Retail Series production of the FUV. We provide a warranty on vehicle and production powertrain components and battery pack sales, and we 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 is 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 is classified as current, while the remaining amount is classified as long-term liabilities.
Deferred Revenue	Deferred Revenue Deferred revenues represent cash collected in advance of the revenues being earned for deliverables to FUV customers, distributor licensing arrangements and franchise fees.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when the earnings process is complete. This generally occurs when products are picked up by the customer or a common carrier or, when the FUV is shipped in a company owned vehicle, when delivery is completed, in accordance with the sales agreement or purchase order, which is when control of the vehicle passes to the customer. 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 or picked up by customers. Revenues related to distributor licensing arrangements are generally recognized over the term of the agreement, except for specific products and services specified as part of the agreement, for which revenue may be accelerated based on when the earnings process is complete. Distributor and Franchise fee revenue is recognized over the term of the agreements which is generally 10 years for franchises and 4 years for distributors. We have determined that any services provided to our franchise partners are not distinct from the franchise rights granted in the franchise agreement and they are combined into a single performance obligation.
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 $21,982 and $15,148 for the years ended December 31, 2019 and 2018, respectively.
Research and Development	Research and Development Costs relating to research and development ("R&D") are expensed as incurred. R&D expenses consisted of $6,032,243 for the year ended December 31, 2019, and $3,814,844 for the year ended December 31, 2018. Costs primarily relate to engineering salaries and related benefits and material costs related to testing and product design and development.
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 income tax expense 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 income tax expense 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 before they expire.
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, 2019 and 2018, the Company excluded the outstanding Employee Equity Plans ("EEP") and other securities summarized below, which entitled 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. December 31, December 31, Warrants to purchase common stock 658,316 893,004 Stock options to purchase common stock 2,619,729 1,395,223 Underwriters warrants 2,109,539 1,065,095 Convertible notes 486,492 - Total 5,874,076 3,353,322
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company's financial statements properly reflect the change. In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" ("ASU 2016-02") which supersedes ASC Topic 840, Leases. ASU 2016-02 requires lessees to recognize a right-of-use asset and a lease liability on their balance sheets for all the leases with terms greater than twelve months. Based on certain criteria, leases will be classified as either financing or operating, with classification affecting the pattern of expense recognition in the income statement. For leases with a term of twelve months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2020 for smaller reporting companies, and interim periods within those years, with early adoption permitted. We will adopt this new standard on January 1, 2021. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. In July 2018, the FASB issued ASU No. 2018-11, "Leases (Topic 842): Targeted Improvements" that allows entities to apply the provisions of the new standard at the effective date, as opposed to the earliest period presented under the modified retrospective transition approach and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The modified retrospective approach includes a number of optional practical expedients primarily focused on leases that commenced before the effective date of Topic 842, including continuing to account for leases that commence before the effective date in accordance with previous guidance, unless the lease is modified. The Company currently expects that most of its operating lease commitments will be subject to the new standard and recognized as operating lease liabilities and right-of-use assets upon its adoption of Topic 842, which will increase the total assets and total liabilities that the Company reports relative to such amounts prior to adoption. In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, but no earlier than an entity's adoption date of Topic 606. The Company expects to adopt the new standard on January 1, 2020. The Company anticipates the adoption will not have a material impact on its financial statements. In August 2018, the FASB issued Accounting Standards Update ("ASU") 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement". ASU 2018-13 removes certain disclosures, modifies others and introduces additional disclosure requirements for entities. The amendments in ASU 2018-13 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The Company does not believe the adoption of ASU 2018-13 will have a material effect on the financial statements and their disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of inventory	December 31, December 31, Raw materials and component parts $ 3,650,466 $ 1,531,032 Work-in-progress 25,340 15,683 Finished goods 58,682 156,858 Total inventory $ 3,734,488 $ 1,703,573
Schedule of property and equipment estimated useful lives	Computer Equipment and Software 1 – 3 years Furniture and Fixtures 2 – 7 years Machinery and Equipment 5 – 10 years Leasehold Improvements Shorter of useful or lease life
Schedule of earnings per share anti-dilutive	December 31, December 31, Warrants to purchase common stock 658,316 893,004 Stock options to purchase common stock 2,619,729 1,395,223 Underwriters warrants 2,109,539 1,065,095 Convertible notes 486,492 - Total 5,874,076 3,353,322

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	December 31, December 31, Computer equipment and software $ 77,583 $ 51,594 Furniture and fixtures 46,839 46,839 Machinery and equipment 4,699,383 4,683,529 FUV rental fleet - 71,998 Leasehold improvements 774,046 349,008 Fixed assets in process 264,999 1,082,345 Total Property & Equipment 5,862,850 6,285,313 Less: Accumulated depreciation (1,130,306 ) (475,539 ) Total $ 4,732,544 $ 5,809,774

Capital Lease Obligations (Tabl

Capital Lease Obligations (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of future minimum payments	2020 $ 549,464 2021 549,464 2022 520,306 2023 224,299 2024 9,943 Total payments including interest 1,853,476 Less amounts representing interest (239,809 ) Total of future payments on principal balances 1,613,667 Less short-term capital lease obligations (433,967 ) Total long-term capital lease obligations $ 1,179,700

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Schedule of warrants were valued using a Black Scholes model	2019 Annual dividend yield - Expected life (years) 5.5 Risk-free interest rate 1.34 % Expected volatility 41.5 %

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
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 and services	Year ended December 31, 2019 2018 Research and development $ 176,484 $ 106,066 Sales and marketing 85,042 237,107 General and administrative 337,801 152,432 Cost of goods sold 35,992 - Total $ 635,319 $ 495,605
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 Investor warrants $ 2.83 1,044,444 1,044,444 Regulation A Underwriter warrants $ 7.475 122,238 122,238 Investor warrants $ 3.50 942,857 942,857 Total 2,109,539 2,109,539
2018 Omnibus Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of range of variables used in assessing the fair value at the grant date	2019 Annual dividend yield - Expected life (years) 6.0 Risk-free interest rate 1.81% - 2.36 % Expected volatility 40.3% - 40.9 %
Schedule of stock option activity	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Options outstanding at December 31, 2017 36,000 $ 3.20 9.92 Granted 672,000 4.27 8.88 Exercised (55,000 ) 3.55 - Forfeited or expired (82,500 ) 4.33 9.68 Options outstanding at December 31, 2018 570,500 $ 4.26 9.63 Granted 1,434,552 2.69 9.70 Exercised (5,952 ) 3.36 - Forfeited or expired (178,912 ) 4.41 8.93 Options outstanding at December 31, 2019 1,820,188 $ 3.01 9.47 Options exercisable at December 31, 2018 12,500 3.25 8.95 Options exercisable at December 31, 2019 198,261 4.26 8.63
2015 Stock Incentive Plan [Member}
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of range of variables used in assessing the fair value at the grant date	April 5, Annual dividend yield - Expected life (years) 6.0 Risk-free interest rate 2.36 % Expected volatility 40.9 %
Schedule of stock option activity	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Options outstanding at December 31, 2017 984,200 $ 2.71 8.97 Granted - - - Exercised (54,256 ) 2.25 7.37 Forfeited or expired (114,721 ) 2.66 8.23 Options outstanding at December 31, 2018 815,223 $ 2.53 7.72 Granted 145,600 4.49 9.01 Exercised (127,025 ) 2.17 6.37 Forfeited or expired (19,167 ) 3.10 7.92 Options outstanding at December 31, 2019 814,631 $ 2.89 8.07 Options exercisable at December 31, 2018 538,138 2.40 7.69 Options exercisable at December 31, 2019 588,113 2.50 6.93
2012 Employee Stock Benefit Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of stock option activity	Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Warrants outstanding at December 31, 2017 984,004 $ 0.62 6.41 Granted - - - Exercised (80,000 ) 0.50 4.00 Forfeited or expired - - - Warrants outstanding at December 31, 2018 904,004 $ 0.64 5.75 Granted 995 3.36 - Exercised (246,683 ) 0.81 3.23 Forfeited or expired - - - Warrants outstanding at December 31, 2019 658,316 $ 0.57 6.45

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum rent payments by year	2020 $ 460,349 2021 355,125 2022 188,261 2023 155,502 2024 - Total $ 1,159,237

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of deferred ta assets and liabilities	For the Year Ended 2019 2018 Deferred tax assets: Share-based compensation expense $ 400,394 $ 225,022 Net operating loss carry forward 9,197,186 5,260,576 Federal research and development credit 425,714 366,085 Oregon research and development credit 199,272 176,338 Deferred tax liabilities: Property and equipment (209,930 ) (114,003 ) Total deferred tax asset 10,012,636 5,914,018 Valuation Allowance (10,012,636 ) (5,914,018 ) Net deferred tax asset $ - $ -
Schedule of effective tax rate	For the Year Ended 2019 2018 Statutory U.S. Federal tax rate 21.0 % 21.0 % State and local income taxes - net of Federal benefit 6.6 % 6.6 % Nondeductible expenses and other - % 0.9 % Valuation Allowance (27.6 )% (28.5 )% Effective rate tax 0.0 % 0.0 %

Nature of Operations (Details)

Nature of Operations (Details) - USD ($)	1 Months Ended
	Mar. 19, 2020	Dec. 31, 2019	Dec. 31, 2018
Nature of Operations (Textual)
Inventory		$ 3,734,488	$ 1,703,573
Prepaid inventory not received		$ 1,194,695
Subsequent Event [Member]
Nature of Operations (Textual)
Coronavirus, description	The Company announced on March 19, 2020, that it will temporarily suspend all production of the Fun Utility Vehicle through April 17, 2020 at its U.S. factory located in Eugene, Oregon in response to the rapidly evolving COVID-19 pandemic. The date to restart production will evolve with the COVID-19 pandemic. The Company will maintain a work-from-home staff to push forward critical operations, including compliance and reporting, research and development, customer service, and deployment of the Company's recently-launched Rapid Responder and Deliverator pilot vehicles to key potential fleet operators. As part of this suspension of production, the Company furloughed approximately 67% of its workforce with the remaining individuals continuing to work full or part time, which will result in meaningful cost reduction during the period of shutdown.

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Raw materials and component parts	$ 3,650,466	$ 1,531,032
Work-in-progress	25,340	15,683
Finished goods	58,682	156,858
Total inventory	$ 3,734,488	$ 1,703,573

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1)	12 Months Ended
	Dec. 31, 2019
Computer Equipment and Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	1 year
Computer Equipment and Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	3 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	2 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	7 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	5 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Useful life	10 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 Accoun_6

Summary of Significant Accounting Policies (Details 2) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summary of Significant Accounting Policies [Line Items]
Total	5,874,076	3,353,322
Stock options to purchase common stock [Member]
Summary of Significant Accounting Policies [Line Items]
Total	2,619,729	1,395,223
Warrants to purchase common stock [Member]
Summary of Significant Accounting Policies [Line Items]
Total	658,316	893,004
Underwrites warrants [Member]
Summary of Significant Accounting Policies [Line Items]
Total	2,109,539	1,065,095
Convertible notes [Member]
Summary of Significant Accounting Policies [Line Items]
Total	486,492

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Summary of Significant Accounting Policies (Textual)
Offering costs charged to stockholders' equity	$ 1,413,000	$ 637,000
Warrants issued for cash		526,000
Warrants issued for non cash		111,000
Research and development expenses	6,032,243	3,814,844
Inventory scrap	147,000
Accounts receivable	301,291	17,887
Reserve allowance	56,841	17,887
Invested in certificate of deposit	250,000
Certificates of deposit
Advertising costs	$ 21,982	$ 15,148
Distributor [Member]
Summary of Significant Accounting Policies (Textual)
Franchise fee revenue is recognized over the term	4 years
Franchise [Member]
Summary of Significant Accounting Policies (Textual)
Franchise fee revenue is recognized over the term	10 years

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total Property & Equipment	$ 5,862,850	$ 6,285,313
Less: Accumulated depreciation	(1,130,306)	(475,539)
Total	4,732,544	5,809,774
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Total Property & Equipment	77,583	51,594
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total Property & Equipment	46,839	46,839
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Total Property & Equipment	4,699,383	4,683,529
FUV rental fleet [Member]
Property, Plant and Equipment [Line Items]
Total Property & Equipment		71,998
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total Property & Equipment	774,046	349,008
Fixed assets in process [Member]
Property, Plant and Equipment [Line Items]
Total Property & Equipment	$ 264,999	$ 1,082,345

Property and Equipment (Detai_2

Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property and Equipment (Textual)
Loss on disposal of property and equipment	$ (710,290)	$ (39,020)
Depreciation expense	$ 710,401	$ 454,494

Capital Lease Obligations (Deta

Capital Lease Obligations (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Years ending December 31:
2020	$ 549,464
2021	549,464
2022	520,306
2023	224,299
2024	9,943
Total payments including interest	1,853,476
Less amounts representing interest	(239,809)
Total of future payments on principal balances	1,613,667
Less short-term capital lease obligations	433,967	$ 383,800
Total long-term capital lease obligations	$ 1,179,700	$ 1,513,595

Capital Lease Obligations (De_2

Capital Lease Obligations (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Capital Lease Obligations (Textual)
Purchase of capital equipment	$ 2,254,000
Lease obligations maturity, description	These lease obligations mature ranging from December 2021 through December 2024.
Capital lease obligations	$ 1,613,667	$ 1,897,395
Underlying assets	2,690,000
Accumulated depreciation	439,182
Capital lease payments	45,789
Minimum [Member]
Capital Lease Obligations (Textual)
Purchase of capital equipment	$ 362
Repayment financial term	48 months
Effective interest rates	4.52%
Maximum [Member]
Capital Lease Obligations (Textual)
Purchase of capital equipment	$ 8,582
Repayment financial term	60 months
Effective interest rates	9.86%

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Aug. 14, 2019	Jul. 15, 2019	Dec. 27, 2018	Dec. 31, 2019	Sep. 27, 2019	Sep. 12, 2019	Dec. 31, 2018
Notes Payable (Textual)
Description of note convertible			(i) 500,000 shares of its common stock, no par value per share at a purchase price of $3.00 per share (the "Shares"), (ii) a warrant to purchase up to 942,857 shares of common stock at $3.50 per share (the "Warrant"), and (iii) a senior secured note in the principal amount of $3,000,000 (the "Note").
Face Amount	$ 600,000	$ 600,000			$ 850,000	$ 500,000
Price per share	$ 4.25	$ 4.25	$ 3			$ 4.25
Descriptions of subscription agreement		The Company entered into subscription agreements (each a "Subscription Agreement" and, collectively, the "Subscription Agreements"), pursuant to which the Company issued notes in original principal amount of $600,000 (U.S.) (each a "Note" and, collectively, the "Notes"). Of the $600,000 Notes issued, $325,000 were to related parties. The related parties include officers, their immediate family members, and directors. The principal amount due under each Note was due and payable on the two-month anniversary of the date of each Note (the "Maturity Date"): in (a) cash, (b) the Company's common stock (valued at a price of $4.25 per share) or (c) in the event the Company issues convertible promissory notes to third parties before the Maturity Date, in a convertible promissory note on the same terms as purchased by such third parties; in each case at the election of the holder of the Note. Each Note also bore interest, payable at the Maturity Date, equal to $100,000 multiplied by the remainder of (i) the amount of the Note divided by (ii) $600,000. Interest was payable on each Note in: (a) the Company's common stock (valued at $4.25 per share) or (b) in the event the Company issued convertible promissory notes to third parties before the Maturity Date, in a convertible promissory note on the same terms as purchased by the third parties; in each case at the election of the holder.
Accrued interest	$ 48,972
Convertible promissory notes	$ 648,972			$ 837,557
Net of discount						$ 15,000
Annual rate of notes payable	10.00%
Notes payable to related parties					$ 800,000
Warrant [Member]
Notes Payable (Textual)
Price per share			$ 3.50

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Warrant [Member]	12 Months Ended
	Dec. 31, 2019
Annual dividend yield
Expected life (years)	5 years 6 months
Risk-free interest rate	1.34%
Expected volatility	41.50%

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)

May 13, 2019

May 11, 2019

Dec. 27, 2018

Nov. 15, 2018

Nov. 22, 2019

Oct. 03, 2019

Sep. 12, 2019

Mar. 25, 2019

Feb. 28, 2019

Nov. 19, 2018

Jan. 31, 2018

Dec. 31, 2019

Sep. 27, 2019

Aug. 14, 2019

Jul. 15, 2019

Dec. 31, 2018

Stockholders' Equity (Textual)

Preferred stock, shares authorized

1,500,000

1,500,000

Preferred stock, par value

Preferred stock, shares issued

Preferred stock, shares outstanding

Common stock, shares authorized

60,000,000

60,000,000

Common stock, par value

Employee options exercised

119,937

Warrant expiration period

5 years 6 months

Issuance of shares

70,273

Issue of restricted common shares

10,947

Restricted common shares fair value

$ 36,785

Description of subscription agreement

The Company entered into a Subscription Agreement (the “Subscription Agreement”) with FOD Capital, LLC, a Florida limited liability company (the “Investor”), pursuant to which the Company issued to the Investor (i) 500,000 shares of its common stock, no par value per share at a purchase price of $3.00 per share (the “Shares”), (ii) a warrant to purchase up to 942,857 shares of common stock at $3.50 per share (the “Warrant”), and (iii) a senior secured note in the principal amount of $3,000,000 (the “Note”). The Shares, Warrant and Note were purchased together by the Investor for an aggregate amount of $4.5 million but were issued separately (collectively, the “Transaction”).

Purchase price of shares

$ 1,500,000

Warrant term

3 years

Accrued interest

10.00%

Note matures

Dec. 27, 2019

Fair value of warrants

$ 111,374

Original issue discount

322,942

Extension fee

$ 300,000

$ 300,000

Face Amount

$ 500,000

$ 850,000

$ 600,000

$ 600,000

Share Exchange Agreement [Member]

Stockholders' Equity (Textual)

Issuance of common stock shares

2,000,000

2,000,000

Conversion of common stock shares

2,000,000

Share Exchange Agreement [Member] | Chief Executive Officer [Member]

Stockholders' Equity (Textual)

Issuance of shares

2,000,000

Subscription Agreement [Member]

Stockholders' Equity (Textual)

Issue of public offering common stock shares

5,000,000

800,000

288,333

504,900

Issue of public offering common stock value

$ 9,000,000

$ 3,400,000

$ 1,514,700

Exercised at a price per share

$ 4.25

$ 3

$ 3

Offering costs

971,000

$ 255,000

legal and transaction fees

$ 142,000

Subscription Agreement [Member] | Convertible Note [Member]

Stockholders' Equity (Textual)

Common stock, par value

$ 4.25

Note matures

Sep. 12, 2020

Face Amount

$ 500,000

Securities Purchase Agreements [Member]

Stockholders' Equity (Textual)

Description of securities purchase agreement

Arcimoto, Inc. (the “Company”) entered into Securities Purchase Agreements with certain institutional investors pursuant to which the Company agreed to issue in a registered direct offering an aggregate of 1,044,444 shares of the Company’s common stock, no par value per share, at a purchase price per share of $2.25 for an aggregate gross proceeds of approximately $2,349,999, and in a concurrent private placement, agreed to issue to the investors warrants (“Warrants”) to purchase up to 1,044,444 shares of common stock at an exercise price per share of $2.83 per share (collectively, the “Offerings”). The gross proceeds of $2,349,999 were offset by approximately $191,000 in various legal and transaction fees.

Employee Options [Member]

Stockholders' Equity (Textual)

Employee options exercised

3,388

Exercised at a price per share

$ 3.10

Total proceeds stock option amount

$ 10,502

Employee warrants

119,637

40,056

Issuance of shares

53,684

15,967

Minimum [Member] | Employee Options [Member]

Stockholders' Equity (Textual)

Warrant exercise price

$ 2.0605

$ 2.0605

Market price, per share

2.864

3.658

Maximum [Member] | Employee Options [Member]

Stockholders' Equity (Textual)

Warrant exercise price

3.10

2.50

Market price, per share

$ 5.212

$ 4.202

Series A-1 Preferred Stock

Stockholders' Equity (Textual)

Preferred stock, shares authorized

1,500,000

1,500,000

Preferred stock, shares designated

1,500,000

Preferred stock, par value

Preferred stock, shares issued

Preferred stock, shares outstanding

Conversion provisions upon an initial public offering

$ 15,000,000

Class C Preferred Stock [Member]

Stockholders' Equity (Textual)

Preferred stock, shares authorized

2,000,000

2,000,000

Preferred stock, shares designated

2,000,000

Preferred stock, par value

Preferred stock, shares issued

2,000,000

Preferred stock, shares outstanding

2,000,000

Common Stock [Member]

Stockholders' Equity (Textual)

Reserved common stock pursuant to the equity incentive plans

3,412,084

Stock options and warrants outstanding

3,293,135

2,236,893

Employee options exercised

14,200

3,388

Exercised at a price per share

$ 2.0605

$ 3.10

Total proceeds stock option amount

$ 29,258

$ 10,502

Employee warrants

245,688

80,000

Warrant exercise price

$ 0.50

Issuance of shares

203,252

Additional issuance of warrants

2,596,031

Reserved common stock pursuant to the equity incentive plans

3,412,084

Description of reserved an additional warrants

The Company has reserved an additional 2,596,031 shares of its common stock for warrants and convertible notes pursuant to the Subscription Agreements discussed above. As of December 31, 2019, these warrants were fully vested.

Common Stock [Member] | Subscription Agreement [Member]

Stockholders' Equity (Textual)

Common stock for delivery under the plan

942,857

Common Stock [Member] | Class C Preferred Stock [Member]

Stockholders' Equity (Textual)

Conversion of common stock shares

2,000,000

Common Stock [Member] | Class C Preferred Stock [Member] | Minimum [Member]

Stockholders' Equity (Textual)

Common stock, shares authorized

20,000,000

Common Stock [Member] | Class C Preferred Stock [Member] | Maximum [Member]

Stockholders' Equity (Textual)

Common stock, shares authorized

60,000,000

Common Stock One [Member]

Stockholders' Equity (Textual)

Employee warrants

75,688

Warrant exercise price

$ 0.50

Common Stock Two [Member]

Stockholders' Equity (Textual)

Employee warrants

170,000

Warrant exercise price

$ 0.9375

Common Stock Two [Member] | Minimum [Member]

Stockholders' Equity (Textual)

Market price, per share

3.162

3.778

Common Stock Two [Member] | Maximum [Member]

Stockholders' Equity (Textual)

Market price, per share

$ 5.212

$ 4.403

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 635,319	$ 495,605
Research and development [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	176,484	106,066
Sales and marketing [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	85,042	237,107
General and administrative [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	337,801	152,432
Cost of goods sold [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 35,992

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details 1) - 2018 Omnibus Stock Incentive Plan [Member]	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Annual dividend yield
Expected life (years)	6 years
Minimum [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Risk-free interest rate	1.81%
Expected volatility	40.30%
Maximum [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Risk-free interest rate	2.36%
Expected volatility	40.90%

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details 2) - 2018 Omnibus Stock Incentive Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Number of Shares, Options outstanding	570,500	36,000
Number of Shares, Granted	1,434,552	672,000
Number of Shares, Exercised	(5,952)	(55,000)
Number of Shares, Forfeited or expired	(178,912)	(82,500)
Number of Shares, Options outstanding	1,820,188	570,500
Number of Shares, Options exercisable	198,261	12,500
Weighted Average Exercise Price, Options outstanding	$ 4.26	$ 3.20
Weighted Average Exercise Price, Granted	2.69	4.27
Weighted Average Exercise Price, Exercised	3.36	3.55
Weighted Average Exercise Price, Forfeited or expired	4.41	4.33
Weighted Average Exercise Price, Options outstanding	3.01	4.26
Weighted Average Exercise Price, Options exercisable	$ 4.26	$ 3.25
Weighted Average Remaining Contractual Life (in Years), Options outstanding	7 years 8 months 19 days	9 years 11 months 1 day
Weighted Average Remaining Contractual Life (in Years), Granted	9 years 8 months 12 days	8 years 10 months 17 days
Weighted Average Remaining Contractual Life (in Years), Forfeited or expired	8 years 11 months 4 days	9 years 8 months 5 days
Weighted Average Remaining Contractual Life (in Years), Options outstanding	9 years 5 months 20 days	9 years 7 months 17 days
Weighted Average Remaining Contractual Life (in Years), Options exercisable	8 years 7 months 17 days	8 years 11 months 12 days

Stock-Based Compensation (Det_4

Stock-Based Compensation (Details 3) - 2015 Stock Incentive Plan [Member]	Apr. 05, 2019
Annual dividend yield
Expected life (years)	6 years
Risk-free interest rate	2.36%
Expected volatility	40.90%

Stock-Based Compensation (Det_5

Stock-Based Compensation (Details 4) - 2015 Stock Incentive Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Shares, Options outstanding	815,223	984,200
Number of Shares, Granted	145,600
Number of Shares, Exercised	(127,025)	(54,256)
Number of Shares, Forfeited or expired	(19,167)	(114,721)
Number of Shares, Options outstanding	814,631	815,223
Number of Shares, Options exercisable	588,113	538,138
Weighted Average Exercise Price, Options outstanding	$ 2.53	$ 2.71
Weighted Average Exercise Price, Granted	4.49
Weighted Average Exercise Price, Exercised	2.17	2.25
Weighted Average Exercise Price, Forfeited or expired	3.10	2.66
Weighted Average Exercise Price, Options outstanding	2.89	2.53
Weighted Average Exercise Price, Options exercisable	$ 2.50	$ 2.40
Weighted Average Remaining Contractual Life (in Years), Options outstanding	7 years 8 months 19 days	8 years 11 months 19 days
Weighted Average Remaining Contractual Life (in Years), Granted	9 years 4 days
Weighted Average Remaining Contractual Life (in Years), Exercised	6 years 4 months 13 days	7 years 4 months 13 days
Weighted Average Remaining Contractual Life (in Years), Forfeited or expired	7 years 11 months 1 day	8 years 2 months 23 days
Weighted Average Remaining Contractual Life (in Years), Options outstanding	8 years 26 days	7 years 8 months 19 days
Weighted Average Remaining Contractual Life (in Years), Options exercisable	6 years 11 months 4 days	7 years 8 months 9 days

Stock-Based Compensation (Det_6

Stock-Based Compensation (Details 5) - 2012 Employee Stock Benefit Plan [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Number of Shares, Warrants outstanding	904,004	984,004
Number of Shares, Granted	995
Number of Shares, Exercised	(246,683)	(80,000)
Number of Shares, Forfeited or expired
Number of Shares, Warrants outstanding	658,316	904,004
Weighted Average Exercise Price, Warrants outstanding	$ 0.64	$ 0.62
Weighted Average Exercise Price, Granted	3.36
Weighted Average Exercise Price, Exercised	0.81	0.50
Weighted Average Exercise Price, Forfeited or expired
Weighted Average Exercise Price, Warrants outstanding	$ 0.57	$ 0.64
Weighted Average Remaining Contractual Life (in Years), Warrants outstanding	5 years 9 months	6 years 4 months 28 days
Weighted Average Remaining Contractual Life (in Years), Exercised	3 years 2 months 23 days	4 years
Weighted Average Remaining Contractual Life (in Years), Warrants outstanding	6 years 5 months 12 days	5 years 9 months

Stock-Based Compensation (Det_7

Stock-Based Compensation (Details 6)	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Vested as of December 31, 2019	2,109,539
Issued	2,109,539
Investor warrants [Member]
Vested as of December 31, 2019	1,044,444
Issued	1,044,444
Exercise Price | $ / shares	$ 2.83
Regulation A Underwriter warrants [Member]
Vested as of December 31, 2019	122,238
Issued	122,238
Exercise Price | $ / shares	$ 7.475
Investor warrants [Memberr]
Vested as of December 31, 2019	942,857
Issued	942,857
Exercise Price | $ / shares	$ 3.50

Stock-Based Compensation (Det_8

Stock-Based Compensation (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Oct. 03, 2019	Dec. 27, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stock-Based Payments (Textual)
Stock-based compensation			$ 635,319	$ 495,605
Total shares issued				70,273
Reg A Underwriter warrants [Member]
Stock-Based Payments (Textual)
Exercise price per share			$ 7.475
Warrants [Member]
Stock-Based Payments (Textual)
Warrant issued	1,044,444	942,857
Strike price	$ 2.83	$ 3.50
2018 Omnibus Stock Incentive Plan [Member]
Stock-Based Payments (Textual)
Remaining reserve of shares of common stock under plan			1,939,048
Stock-based compensation			$ 461,513	$ 106,404
Fair value of non-employee awards			$ 36,782
Options authorized			1,000,000
Options issued			2,142,552
Options granted			1,434,552	672,000
Options forfeited			84,000
Options outstanding			1,820,188	570,500	36,000
Compensation cost related to non-vested awards issued			$ 1,648,000
Additional shares of common stock			1,000,000
Employee options vested			198,261
Shares payment of vendor			60,952
2015 Stock Incentive Plan [Member]
Stock-Based Payments (Textual)
Fair value of non-employee awards			$ 13,440
Total compensation cost related to non-vested awards			$ 251,000
Total shares issued			1,000,000
Options issued			88
Options granted			145,600
Options outstanding			814,631	815,223	984,200
Employee stock-based compensation expense			$ 173,806	$ 185,673
2015 Option Plan [Member]
Stock-Based Payments (Textual)
Options granted			145,600
Fair value of options			$ 287,191
2012 Employee Stock Benefit Plan [Member]
Stock-Based Payments (Textual)
Warrants issued and outstanding, shares of company common stock			658,317
Warrant issued			1
Total shares issued			1,000,000
Stock compensation expense on warrants that vested			$ 3,343
2012 Employee Stock Benefit Plan [Member] | Minimum [Member]
Stock-Based Payments (Textual)
Warrants expire term			10 years
2012 Employee Stock Benefit Plan [Member] | Maximum [Member]
Stock-Based Payments (Textual)
Warrants expire term			15 years

Customer Deposits (Details)

Customer Deposits (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Customer Deposits (Textual)
Deposits received	$ 793,524	$ 454,624
Refundable deposits amount	374,524	370,624
Customer deposits from related parties	11,200	$ 1,700
Signature Series Vehicles [Member]
Customer Deposits (Textual)
Customer deposits per order	42,000
Minimum [Member] | Retail Series Production Vehicles [Member]
Customer Deposits (Textual)
Customer deposits per order	100
Maximum [Member] | Retail Series Production Vehicles [Member]
Customer Deposits (Textual)
Customer deposits per order	$ 10,100

Concentrations and Credit Ris_2

Concentrations and Credit Risks (Details)	12 Months Ended
	Dec. 31, 2019VendorCustomer	Dec. 31, 2018Vendor
Accounts Receivable [Member]
Concentrations (Textual)
Number of customer | Customer	1
Concentration risk percentage	53.00%
Revenue [Member]
Concentrations (Textual)
Number of vendor	1	2
Concentration risk percentage	10.00%	10.00%
Purchases/Inventory [Member]
Concentrations (Textual)
Number of vendor	2	2
Concentration risk percentage	10.00%	10.00%
Concentration risk, description	These vendors accounted for 17% and 23% of inventory balances.	These vendors accounted for 14% and 19% of inventory balances.

Commitments and Contingencies_2

Commitments and Contingencies (Details)	Dec. 31, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
2020	$ 460,349
2021	355,125
2022	188,261
2023	155,502
2024
Total	$ 1,159,237

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual)	Dec. 06, 2019USD ($)	Oct. 03, 2018ft²	Apr. 01, 2018USD ($)ft²	Sep. 03, 2017ft²	Apr. 18, 2019ft²	Oct. 05, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Commitments and Contingencies (Textual)
Office lease | ft²		4,491	1,000	30,000	2,000
Description of operating lease	The Company entered into a lease for a property approximately two blocks east of the AMP that contains two buildings. The initial term of the lease is 25 months which began on December 6, 2019. There is an option for a three-year extension. The main building is 6,508 square feet of office and warehouse and the auxiliary building is 4,318 square feet of warehouse space. The office space is being used by marketing and sales. The warehouse is being used for R&D and battery module manufacturing. On March 3, 2020, we amended the lease to include the adjacent building which has 10,752 square feet of office and warehouse space on the ground floor plus second floor office and storage space. This location will be used for further expansion. Effective April 1, 2020 the rent is $11,750 per month and subject to a 3% increase per year.	The lease began on November 1, 2018 and will terminate on October 31, 2023. Initial base rent is $8,982 per month increasing by 3% on each annual anniversary of the signing. In addition to the base rent there is a management fee of 5% of the base rent per month and an additional monthly fee of $377.09, subject to change, for the lessor's property taxes and insurance. A portion of the space will be used for Arcimoto's California dealer showroom. On October 18, 2018, we sublet 65% of the premises to Hula Holdings, Inc. ("Hula") which it expects to use as a rental center for FUVs, among other general retail, dispatching, parking and charging services for electric vehicles. Hula has agreed to pay the landlord 65% of the annual base rent and associated costs under the lease, however to date, Hula has not made the required payments.		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.	The month to month lease began on April 19, 2019 and will terminate on 72 hours written notice to the landlord. Initial rent is $780 per month. On July 1, 2019 the Company amended the lease to increase the space to 3,000 square feet of shared warehouse space. The rent increased to $1,270 per month plus $100 per month for electrical utilities. The Company terminated this lease on March 31, 2020.	The Company converted a month to month lease previously signed on June 11, 2018, into a 60-month lease on approximately 5,000 square feet of commercial industrial office and manufacturing space in Eugene, Oregon. The lease began in October 2018 and will terminate in October 2023. Rent is $4,500 per month increasing by 3% on each annual anniversary of the signing.
Monthly rent	$ 11,750		$ 12,948			$ 4,500
Rent expense							$ 293,585	$ 199,769

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Share-based compensation expense	$ 400,394	$ 225,022
Net operating loss carry forward	9,197,186	5,260,576
Federal research and development credit	425,714	366,085
Oregon research and development credit	199,272	176,338
Deferred tax liabilities:
Property and equipment	(209,930)	(114,003)
Total deferred tax asset	10,012,636	5,914,018
Valuation Allowance	(10,012,636)	(5,914,018)
Net deferred tax asset

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Statutory U.S. Federal tax rate	21.00%	21.00%
State and local income taxes - net of Federal benefit	6.60%	6.60%
Nondeductible expenses and other		0.90%
Valuation Allowance	(27.60%)	(28.50%)
Effective rate tax	0.00%	0.00%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Taxes (Textual)
Federal statutory rate reduction	21.00%	21.00%
Valuation allowance for deferred tax assets increased	$ 4,098,618	$ 3,027,106
Net operating loss carry forwards	$ 33,323,000
Operating loss carry forwards expire date, description	Approximately $8,241,000 of the net operating loss carryforwards will expire by 2037
Federal R&D tax credits, description	The Federal R&D tax credits will expire at various dates from 2033 through 2040, and the Oregon R&D tax credits will expire at various dates from 2020 through 2023.