Arcimoto (FUVV) 10-Q 19 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 18, 2020
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-Q
Document Period End Date	Jun. 30, 2020
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Current reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity shell Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		31,514,584
Entity File Number	001-38213
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	OR

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 7,763,905	$ 5,832,489
Accounts receivable, net	13,714	244,450
Inventory	5,623,335	3,734,488
Prepaid inventory	501,544	1,194,695
Other current assets	360,734	665,079
Total current assets	14,263,232	11,671,201
Property and equipment, net	4,697,313	4,732,544
Security deposits	87,488	41,988
Total assets	19,048,033	16,445,733
Current liabilities:
Accounts payable	742,680	339,835
Accrued liabilities	584,314	816,013
Customer deposits	613,124	793,524
Current portion of capital lease obligations	463,877	433,967
Convertible notes payable, related parties		1,150,907
Convertible notes payable, net of discount		837,557
Notes payable, net of discount	36,195	3,032,438
Current portion of warranty reserve	19,515	90,000
Current portion of deferred revenue	23,500	31,174
Current portion of note payable to bank	421,076
Total current liabilities	2,904,281	7,525,415
Capital lease obligations, net of current portion	1,001,419	1,179,700
Warranty reserve, net of current portion	83,000	45,000
Deferred revenue, net of current portion	77,500	85,500
Note payable to bank, net of current portion	647,610
Total long-term liabilities	1,809,529	1,310,200
Total liabilities	4,713,810	8,835,615
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred Stock, no par value, 1,500,000 authorized; none issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
Common Stock, no par value, 60,000,000 shares authorized; 28,442,982 and 24,436,389 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	56,871,882	43,573,529
Additional paid-in capital	6,783,421	2,344,751
Stock subscription receivable	(3,715,000)
Accumulated deficit	(45,606,080)	(38,308,162)
Total stockholders' equity	14,334,223	7,610,118
Total liabilities and stockholders' equity	19,048,033	16,445,733
Series A-1 preferred stock
Stockholders' equity:
Preferred Stock, no par value, 1,500,000 authorized; none issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
Class C Preferred Stock
Stockholders' equity:
Preferred Stock, no par value, 1,500,000 authorized; none issued and outstanding as of June 30, 2020 and December 31, 2019, respectively

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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	28,442,982	24,436,389
Common stock, shares outstanding	28,442,982	24,436,389
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
Preferred stock, shares outstanding

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue:
Product sales	$ 254,955		$ 852,990
Other revenue	13,583	8,514	32,343	11,159
Total revenues	268,538	8,514	885,333	11,159
Cost of goods sold	1,208,817	3,253	2,898,335	4,720
Gross (loss) profit	(940,279)	5,261	(2,013,002)	6,439
Operating expenses:
Research and development	284,314	2,036,579	733,288	3,096,595
Sales and marketing	305,275	276,917	642,173	522,299
General and administrative	1,757,501	1,421,099	3,254,346	2,992,407
Total operating expenses	2,347,090	3,734,595	4,629,807	6,611,301
Loss from operations	(3,287,369)	(3,729,334)	(6,642,809)	(6,604,862)
Other expense (income):
Interest expense	415,775	194,248	662,609	387,521
Other income		(1,010)	(7,500)	(1,418)
Net loss	$ (3,703,144)	$ (3,922,572)	$ (7,297,918)	$ (6,990,965)
Weighted average common shares - basic and diluted	25,130,897	17,401,076	24,805,672	16,417,999
Net loss per common share - basic and diluted	$ (0.15)	$ (0.23)	$ (0.29)	$ (0.43)

Condensed Statements of Stockho

Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)	Series A-1 Preferred Stock	Class C Preferred Stock	Common Stock	Additional Paid-In Capital	Stock Subscription Receivable	Accumulated Deficit	Total
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 for cash			$ 4,264,999				4,264,999
Issuance of common stock for cash, shares			1,088,333
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			$ (255,202)				(255,202)
Stock options exercised - cashless
Stock options exercised - cashless, shares			53,684
Warrants exercised - cashless
Warrants exercised - cashless, shares			169,578
Stock-based compensation				282,190			282,190
Net loss						(6,990,965)	(6,990,965)
Balance at Jun. 30, 2019			$ 34,123,037	1,213,059		(29,957,438)	5,378,658
Balance, shares at Jun. 30, 2019			18,347,324
Balance at Mar. 31, 2019			$ 34,117,535	1,027,319		(26,034,866)	9,109,988
Balance, shares at Mar. 31, 2019		2,000,000	16,340,378
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			$ 5,502				5,502
Exercise of stock options, shares			1,775
Stock options exercised - cashless
Stock options exercised - cashless, shares			171
Warrants exercised - cashless
Warrants exercised - cashless, shares			5,000
Stock-based compensation				185,740			185,740
Net loss						(3,922,572)	(3,922,572)
Balance at Jun. 30, 2019			$ 34,123,037	1,213,059		(29,957,438)	5,378,658
Balance, shares at Jun. 30, 2019			18,347,324
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
Issuance of common stock for accounts payable			$ 81,329				81,329
Issuance of common stock for accounts payable, shares			43,456
Issuance of common stock for cash			$ 12,785,001				12,785,001
Issuance of common stock for cash, shares			3,623,667
Offering costs incurred on placements of common stock			$ (996,083)				(996,083)
Issuance of common stock under convertible notes			$ 1,419,177				14,191,777
Issuance of common stock under convertible notes, shares			333,924
Common stock subscribed on June 30, 2020				(3,715,000)	(3,715,000)
Issuance of common stock to satisfy director award			$ 8,929	(8,929)
Issuance of common stock to satisfy director award, shares			5,546
Stock-based compensation				732,599			732,599
Net loss						(7,297,918)	(7,297,918)
Balance at Jun. 30, 2020			$ 56,871,882	6,783,421	(3,715,000)	(45,606,080)	14,334,223
Balance, shares at Jun. 30, 2020			28,442,982
Balance at Mar. 31, 2020			$ 43,626,238	2,649,716		(41,902,936)	4,373,018
Balance, shares at Mar. 31, 2020			24,469,138
Issuance of common stock for accounts payable			$ 25,001				25,001
Issuance of common stock for accounts payable, shares			10,707
Issuance of common stock for cash			$ 12,785,001				12,785,001
Issuance of common stock for cash, shares			3,623,667
Offering costs incurred on placements of common stock			$ (992,464)				(992,464)
Issuance of common stock under convertible notes			$ 1,419,177				1,419,177
Issuance of common stock under convertible notes, shares			333,924
Common stock subscribed on June 30, 2020				3,715,000	(3,715,000)
Issuance of common stock to satisfy director award			$ 8,929	(8,929)
Issuance of common stock to satisfy director award, shares			5,546
Stock-based compensation				427,634			427,634
Net loss						(3,703,144)	(3,703,144)
Balance at Jun. 30, 2020			$ 56,871,882	$ 6,783,421	$ (3,715,000)	$ (45,606,080)	$ 14,334,223
Balance, shares at Jun. 30, 2020			28,442,982

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
OPERATING ACTIVITIES
Net loss	$ (7,297,918)	$ (6,990,965)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	438,508	343,137
Amortization of debt discount	310,508	161,462
Stock-based compensation	732,599	282,190
Changes in operating assets and liabilities:
Accounts receivable	230,736	(19,987)
Inventory	(1,888,847)	(1,988,599)
Prepaid inventory	693,151
Other current assets	304,345	(9,130)
Accounts payable	484,174	(197,592)
Accrued liabilities	(123,415)	411,760
Customer deposits	(180,400)	526,100
Warranty reserve	(32,485)
Deferred revenue	(15,674)	60,000
Net cash used in operating activities	(6,344,718)	(7,421,624)
INVESTING ACTIVITIES
Purchases of property and equipment	(333,537)	(60,597)
Security deposits	(45,500)
Net cash used in investing activities	(379,037)	(60,597)
FINANCING ACTIVITIES
Proceeds from the sale of common stock	12,785,001	4,264,999
Payment of offering costs	(996,083)	(255,202)
Proceeds from note payable to bank	1,068,686
Proceeds from the exercise of stock options		10,502
Payment on capital lease obligations	(218,111)	(191,502)
Repayment of convertible notes payable to related parties	(188,079)
Repayment of notes payable	(3,296,243)
Repayment of convertible notes payable	(500,000)
Net cash provided by financing activities	8,655,171	3,828,797
Net cash increase (decrease) for period	1,931,416	(3,653,424)
Cash at beginning of period	5,832,489	4,903,019
Cash at end of period	7,763,905	1,249,595
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest	612,506	76,083
Cash paid during the period for income taxes	150	150
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Notes payable and accrued interest converted to common stock	1,419,177
Portion of equipment acquired through capital leases	69,740
Stock issued for payment of accounts payable	$ 81,329

Nature of Operations

Nature of Operations	6 Months Ended
	Jun. 30, 2020
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 13 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 are 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. We have restarted limited production and are planning to resume deliveries to customers in the third quarter. Arcimoto 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 June 30, 2020, the Company has $5,623,335 in inventory and another $501,544 in prepaid inventory not yet received. Certain inventory components are included in prepaid inventory that have long lead times requiring payment in advance. 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. To achieve full-scale production and develop new products or enhanced versions of existing products, the Company will need substantial additional working capital, and there is no assurance such capital will be available on reasonable terms, if at all. 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 COVID-19 include restrictions on travel, quarantines in certain areas, and forced closures for certain types of public places and businesses. 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. In response to the pandemic, the Company announced on March 19, 2020, that it was temporarily suspending all production of the Fun Utility Vehicle at its U.S. factory located in Eugene, Oregon. We have subsequently restarted limited production and are planning to resume deliveries to customers in the third quarter. The Company plans to maintain a work-from-home staff for all employees that can work from home, 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 the suspension of production, the Company furloughed approximately 67% of its workforce with the remaining individuals continuing to work full or part time, which resulted in meaningful cost reductions during the period of shutdown. We were able to retain most of the furloughed workers after production resumed. As a result of the shut-down, the first three quarters of 2020 revenue activities were negatively impacted. The fourth quarter 2020 and subsequent quarters may be negatively impacted based on the length and severity of the pandemic. 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. We have applied for Paycheck Protection Program ("PPP") and Economic Injury Disaster Loans ("EIDL") through the Small Business Administration ("SBA") that were made available under the CARES Act passed by Congress in response to the COVID-19 pandemic. The Company received PPP loan proceeds of $1,068,686 on May 6, 2020, and is in the process of applying for conversion to a grant.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2020
Going Concern [Abstract]
GOING CONCERN	NOTE 2: GOING CONCERN The accompanying financial statements have been prepared on the 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 may require additional funding to continue to operate in the normal course of business. The substantial doubt about the Company's ability to continue as a going concern has been alleviated based on management's belief that current cash reserves will sustain operations in excess of 12 months. 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 may need to raise additional capital in order to fund its operations, which if needed, 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 systems 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	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Unaudited Interim Financial Information The accompanying unaudited financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information, and pursuant to the instructions to Form 10-Q promulgated by the United States Securities and Exchange Commission (the "SEC"). Accordingly, they do not include all information and disclosures required by GAAP for complete financial statement presentation. In the opinion of management, the accompanying condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company's financial position as of June 30, 2020, and the results of its operations for the three and six months ended June 30, 2020 and 2019 and its cash flows for the six months ended June 30, 2020 and 2019. Results for the three and six months ended June 30, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2019 included in the Company's Annual Report on Form 10-K filed with the SEC on April 14, 2020. Inventory Inventory is stated at the lower of cost (using the first-in, first-out method ("FIFO")) or market value. Inventories consist of purchased electric motors, electrical storage and transmission equipment, and component parts. June 30, December 31, Raw materials $ 5,512,729 $ 3,650,466 Work in progress — 25,340 Finished goods 110,606 58,682 Total $ 5,623,335 $ 3,734,488 The Company is required to remit partial prepayments for some purchases of its inventories acquired from overseas vendors. Customer Deposits 44 non-refundable customer deposits are comingled with operating funds. 4,398 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. 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 June 30, 2020 and 2019, the Company excluded the outstanding Employee Equity Plans ("EEP") and other securities summarized below using the Treasury Stock Method, 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. Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 Options and other instruments under the 2012, 2015, and 2018 Plans to purchase common stock 817,254 767,163 613,553 805,358 Underwriters and investors warrants issued outside of an EEP - - - 891,699 Total 817,254 767,163 613,553 1,697,057 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 12 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 12 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. In November 2019, the FASB delayed the effective date for Topic 842 to fiscal years beginning after December 15, 2020 for private companies and emerging growth companies, and interim periods within those years, with early adoption permitted. In June 2020, the FAAB issued ASU No 2020-05 that further delayed the effective date of Topic 842 to fiscal years beginning after December 15, 2021. We will adopt this new standard on January 1, 2022. 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. Adoption of Recent Accounting Pronouncements 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 adopted the new standard on January 1, 2020. The adoption did not have a material impact on the Company's 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 adopted the new standard on January 1, 2020. The adoption did not have a material impact on the Company's financial statements.

Concentrations

Concentrations	6 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
CONCENTRATIONS	NOTE 4: CONCENTRATIONS Payables As of June 30, 2020 and December 31, 2019, the Company had one significant vendor in each period that accounted for more than 10% of the Company's payables balances. The loss of these vendors would not have a significant impact on the Company's operations. Purchases/Inventory As of June 30, 2020, and December 31, 2019, the Company had two significant vendors that accounted for more than 10% of the Company's inventory balances. As of June 30, 2020, these vendors accounted for 13% and 27% of inventory balances. As of December 31, 2019, these vendors accounted for 17% and 23% of inventory balances. The loss of these vendors would not have a significant impact on the Company's operations.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5: PROPERTY AND EQUIPMENT As of June 30, 2020 and December 31, 2019, our property and equipment consisted of the following: June 30, December 31, Computer equipment and software $ 78,490 $ 77,583 Furniture and fixtures 46,839 46,839 Machinery and equipment 5,136,608 4,699,383 FUV rental fleet 123,943 — Leasehold improvements 774,046 774,046 Fixed assets in process 106,201 264,999 Total property and equipment 6,266,127 5,862,850 Less: Accumulated depreciation (1,568,814 ) (1,130,306 ) Total $ 4,697,313 $ 4,732,544 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. Depreciation expense was approximately $231,000 and $439,000 during the three and six months ended June 30, 2020, respectively, and was approximately $172,000 and $343,000 during the three and six months ended June 30, 2019, respectively.

Capital Lease Obligations

Capital Lease Obligations	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
CAPITAL LEASE OBLIGATIONS	NOTE 6: CAPITAL LEASE OBLIGATIONS As of June 30, 2020, the Company has financed a total of approximately $2,321,000 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 9.90%. Total monthly capital lease payments as of June 30, 2020 are $47,267. These lease obligations mature ranging from December 2021 through December 2024 and are secured by approximately $2,903,000 in underlying assets which have approximately $599,000 in accumulated depreciation as of June 30, 2020. The balance of capital lease obligations was approximately $1,465,000 and $1,614,000 as of June 30, 2020 and December 31, 2019, respectively.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 7: 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 8 for additional details. On September 12, 2019, the Company issued an additional $500,000 note ("additional Note") to the Investor, net of a $15,000 discount. The additional Note principal plus accrued interest is convertible into the Company's common stock at a conversion price per share of $4.25. Accrued interest expense excluding the discount amortization for the six-month period ended June 30, 2020 was $164,572. The discount amortized for the six-month period ended June 30, 2020 was the remaining discounts on the notes of $310,508. There was no such interest expense for the six-month period ended June 30, 2019. On June 15, 2020, both notes were repaid in cash, principal in the amount of $3,500,000 and accrued interest in the amount of $479,809 for a total payment of $3,979,809. During the three months ended June 30, 2020, the Company had 10%, one-year convertible promissory notes outstanding totaling $1,310,893, of which $962,829 was due to related parties. The notes were due in July 2020. The notes were payable in cash or convertible into common stock at $4.25 per share at the option of the holder On June 25, 2020, certain Notes were converted in accordance with the Subscription Agreement. As a result, principal amounts of $1,310,893, of which $962,829 was to related parties and unpaid accrued interest of $108,284, of which $71,725 was to related parties, were converted into 333,924 shares of Common Stock at a conversion price of $4.25 per share. The Company also paid an aggregate of $688,079 of cash to settle principal, of which $188,079 was to related parties, and $80,953 of accrued interest, of which $41,691 was to related parties, to settle the remaining convertible notes. Interest expense was $53,284. On May 5, 2020, the Company received a Paycheck Protection Program ("PPP") loan in the amount of $1,068,686, referred to on the balance sheet as Note payable to bank. The loan has an interest rate of 1% and monthly payments of $60,154 for 18 months beginning December 5, 2020. This loan is eligible for the limited loan forgiveness provisions of Section 1102 of the CARES Act, and the SBA Interim Final Rule dated April 2, 2020.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8: STOCKHOLDERS' EQUITY Common Stock The Company has reserved a total of 5,373,789 shares of its common stock pursuant to the equity incentive plans (see Note 9). The Company has 3,363,993 and 3,293,135 stock units, options and warrants outstanding under these plans as of June 30, 2020 and December 31, 2019, respectively. As of June 30, 2020, the Company has reserved an additional 2,109,539 shares of its common stock for warrants. Exercise of Stock Options and Warrants No employee options were exercised for cash during the six months ended June 30, 2020. During the six months ended June 30, 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. A total of 5,546 Director deferred stock units were converted to common shares during the six months ended June 30, 2020. During the six months ended June 30, 2019, a total of 205,688 employee warrants to purchase common stock, 35,688 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 $4.138 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 169,578 shares of the Company's common stock with no proceeds received. No employee warrants to purchase common stock were exercised during the six months ended June 30, 2020. During the six months ended June 30, 2019, a total of 96,581 employee options to purchase common stock, with exercise prices ranging from $2.06 to $3.10 per share, were exercised in cashless transactions at a market prices ranging from $3.33 to $5.21 per share, which was based on the average of the Company's daily prices surrounding the transaction dates. The transactions resulted in the issuance of a total of 53,684 shares of the Company's common stock. Offerings of Common Stock On June 11, 2020, the Company entered into a Securities Purchase Agreement with certain institutional investors pursuant to which the Company agreed to issue in a registered direct offering an aggregate of 2,666,667 shares of its common stock at a purchase price per share of $3.00 for aggregate gross proceeds of approximately $8,000,000. The Company incurred placement agent fees of $480,000 related to the offering. On June 30, 2020, the Company entered into a Securities Purchase Agreement with certain institutional investors pursuant to which the Company agreed to issue in a registered direct offering an aggregate of 1,700,000 shares of its common stock, no par value per share, at a purchase price per share of $5.00 for aggregate gross proceeds of approximately $8,500,000, of which $4,785,000 was received on June 30, 2020. The balance of $3,715,000 from the offering was received by July 2, 2020. The Company incurred placement agent fees of $510,000 related to the offering.

Stock-Based Payments

Stock-Based Payments	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED PAYMENTS	NOTE 9: STOCK-BASED PAYMENTS The Company grants common stock, common stock units, and common stock purchase 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 and services is included in the statements of operations as follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Research and development $ 45,515 $ 52,558 $ 99,215 $ 73,566 Sales and marketing 33,749 23,862 54,905 37,606 General and administrative 283,364 109,320 447,248 171,018 Cost of goods sold 65,006 — 131,231 — Total $ 427,634 $ 185,740 $ 732,599 $ 282,190 Consulting Agreement with Common Stock Compensation During the six months ended June 30, 2020, the Company issued 43,456 common shares for accounts payable with a fair value of $81,329. The shares were valued based on the stock price at the time of the grant when the performance commitment was complete. 32,749 of these shares were for the August 3, annual renewal of an investor relations consulting contract. The terms of the contract call for the issuance of $100,000 worth of common shares issued at each annual renewal based on the market price at the time of the renewal. In addition to the payment in common shares, this consultant receives cash payments of $7,500 per month and payments for additional services as needed. During the three-month periods ending June 30, 2020 and 2019, we paid this investor relations consultant $217,500 and $9,689 respectively. During the six-month periods ending June 30, 2020 and 2019, we paid the same investor relations consultant $240,000 and $48,251 respectively, which included significant additional services. 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. On April 20, 2020, the board of directors approved an increase from 2,000,000 to 4,000,000 shares; at the annual shareholder meeting on June 20, 2020, the increase was approved by a majority of the shareholders. 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. As of June 30, 2020, the Company had a remaining reserve of 2,005,351 shares of common stock under the 2018 Plan. Awards that are forfeited generally become available for grant under the 2018 Plan. Employee stock-based compensation expense under the 2018 Plan included in operating expenses for the three and six months ended June 30, 2020 was $401,311 and $668,953, respectively. Employee stock-based compensation expense under the 2018 Plan included in operating expenses for the three and six months ended June 30, 2019 was $136,638 and $205,943, respectively. Total compensation cost related to non-vested awards issued under the 2018 Plan not yet recognized as of June 30, 2020 was approximately $1,237,762 and will be recognized on a straight-line basis through December 2022 based on the respective vesting periods. The amount of future stock option compensation expense could be affected by any future option grants or forfeitures. On January 6, 2020, the board of directors approved a director deferred compensation plan under the 2018 Plan. The deferred compensation plan calls for stock units to be held on account for each director and issued 90 days after separation from service as a director. If cash reserves are estimated to be less than the amount needed for 5 months of operations the Directors are required to take their compensation in Deferred Stock Units under the 2018 Plan, otherwise, Directors have the option of taking compensation in any combination of cash or Deferred Stock Units. For the six months ended June 30, 2020, a total of 108,743 stock units with a value of $277,880, based on the closing price on the last day of the quarter, were reserved and expensed. 28,673 of the stock units were valued with a price per share of $1.61 based on the closing stock price on the last trading day of the fourth quarter of 2019, and were recorded as a $46,163 expense on January 6, 2020 because the plan was adopted by the Board of Directors retroactively to the fourth quarter 2019. 46,584 of the stock units were valued with a price per share of $1.15 based on the closing stock price on the last trading day of the first quarter of 2020, and were recorded as a $53,572 expense on March 31, 2020. 33,486 of the stock units were valued with a price per share of $5.32 based on the closing stock price on the last trading day of the second quarter of 2020, and were recorded as a $178,146 expense on June 30, 2020. On February 12, 2020, 32,749 shares with a total value of $56,328 were granted and issued from the 2018 Plan at the closing price on that day of $1.72 per share in payment of services provided. On April 27 and June 18, 2020, non-qualified options to purchase 29,666 and 5,000 shares of common stock were issued to a consultant under the 2018 plan with grant date fair values of $44,956 and $13,430 respectively. During the six months ended June 30, 2020, qualified options to purchase 32,000 shares of common stock were granted to employees under the 2018 plan with a grant date fair value of $42,728. During the six months ended June 30, 2019, qualified options to purchase 498,600 shares of common stock were granted to employees under the 2018 Plan with a grant date fair value of $963,929. 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 June 30, 2020, 810,275 shares of common stock were reserved for issuance pursuant to stock options that are outstanding and 4,444 shares remain available for issuance pursuant to future awards that might be made under the 2015 Plan. During the six months ended June 30, 2020, qualified options to purchase 13,000 shares of common stock were granted to employees under the 2015 plan with a grant date fair value of $17,358. During the six months ended June 30, 2019, qualified options to purchase 141,600 shares of common stock were granted to employees under the 2015 Plan with a grant date fair value of $273,751. Employee stock-based compensation expense included in operating expenses for the three and six months ended June 30, 2020 related to the 2015 Plan was $26,323 and $63,646, respectively. Employee stock-based compensation expense included in operating expenses for the three and six months ended June 30, 2019 related to the 2015 Plan was $49,102 and $76,247, respectively. Total compensation cost related to non-vested awards not yet recognized as of June 30, 2020 was $165,654 and will be recognized on a straight-line basis through May 2023 based on the respective vesting periods. The amount of future stock option compensation expense could be affected by any future option grants or forfeitures. 2012 Employee Stock Benefit Plan 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 June 30, 2020, 658,316 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.

Customer Deposits

Customer Deposits	6 Months Ended
	Jun. 30, 2020
Other Liabilities Disclosure [Abstract]
CUSTOMER DEPOSITS	NOTE 10: 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 June 30, 2020 and December 31, 2019, the Company's balance of deposits received was approximately $613,000 and $794,000, respectively. As of June 30, 2020 and December 31, 2019, $388,124 and $374,524, 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 as of June 30, 2020 and December 31, 2019.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11: COMMITMENTS AND CONTINGENCIES 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 for the Western District of Texas, Waco Division (Case No. 6:20-cv-00176-ADA) ("the Ayro Litigation"). In the Complaint, Arcimoto alleges that Ayro's 311 two-seater electric vehicles infringe 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 had a telephonic Scheduling Conference on April 29, 2020 and set the Markman Hearing for October 15, 2020. The Court has yet to set a trial date.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12: SUBSEQUENT EVENTS On July 1 and 2, 2020, the remaining $3,715,000 of the cash from the June 30, 2020 $8.5 million offering was received and all 1.7 million shares were issued on July 2, 2020, as discussed in Note 8. The shares totaling 743,000 paid after June 30, 2020, of $3,715,000 were not included in shares outstanding as of June 30, 2020. On July 6, 2020, 944,444 of the 1,044,444 common stock purchase warrants issued to investors in a registered direct offering on October 8, 2019, at an exercise price of $2.83 per share were exercised in a cashless transaction resulting in the issuance of 642,776 common shares. On July 7, 2020, 471,428 of the 942,857 warrants issued in a subscription agreement with FOD Capital, LLC on December 27, 2018, at an exercise price of $3.50 per shares, as discussed in Note 7, were exercised in a cash transaction netting the Company approximately $1,650,000. On July 7, 2020, the Company financed $300,206 in insurance payments after a $52,977 down payment at an annual interest rate of 4.8% and monthly payments of $34,027 for nine months. On July 9, 2020, the Company entered into a Securities Purchase Agreement with certain institutional investors pursuant to which the Company agreed to issue in a registered direct offering an aggregate of 1,370,000 shares of the Company's common stock, no par value per share, at a purchase price per share of $7.30 for aggregate gross proceeds of approximately $10.0 million (the "Offering"). The Securities Purchase Agreement includes customary representations, warranties and covenants by the Company. The Company intends to use the net proceeds from the Offering for general corporate purposes, including to cover the Company's operating expenses and inventory. The Company incurred placement agent fees of approximately $600,000 related to the offering. Between July 13 and August 18, 2020, 50,004 employee warrants from the 2012 Plan with an exercise price of $0.50 per share were exercised in a cashless transaction resulting in the issuance of 46,663 common shares. 120,416 employee options from the 2015 Plan with an average exercise price of $2.56 per share were exercised in cashless transactions resulting in the issuance of 72,328 common shares. 12,944 employee options from the 2018 Plan with an average exercise price of $4.41 per share were exercised in cashless transactions resulting in the issuance of 3,480 common shares. 4,792 employee options from the 2018 Plan with an exercise price of $4.33 per share were exercised with $20,749 proceeds to the Company. On August 4, 2020, the Company financed $192,980 in production equipment at an annual interest rate of 5.56% with a monthly payment of $3,144 for 72 months. On August 10, 2020, the Company financed $430,827 in production equipment at an annual interest rate of 5.66% with a monthly payment of $8,220 for 60 months. On August 18, 2020, the Company issued 17,135 shares valued at $100,000 under the 2018 Plan for investor relations services per the annual renewal agreement dated August 2, 2018.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Unaudited Interim Financial Information	Unaudited Interim Financial Information The accompanying unaudited financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information, and pursuant to the instructions to Form 10-Q promulgated by the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all information and disclosures required by GAAP for complete financial statement presentation. In the opinion of management, the accompanying condensed financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company’s financial position as of June 30, 2020, and the results of its operations for the three and six months ended June 30, 2020 and 2019 and its cash flows for the six months ended June 30, 2020 and 2019. Results for the three and six months ended June 30, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2019 included in the Company’s Annual Report on Form 10-K filed with the SEC on April 14, 2020.
Inventory	Inventory Inventory is stated at the lower of cost (using the first-in, first-out method ("FIFO")) or market value. Inventories consist of purchased electric motors, electrical storage and transmission equipment, and component parts. June 30, December 31, Raw materials $ 5,512,729 $ 3,650,466 Work in progress — 25,340 Finished goods 110,606 58,682 Total $ 5,623,335 $ 3,734,488 The Company is required to remit partial prepayments for some purchases of its inventories acquired from overseas vendors.
Customer Deposits	Customer Deposits 44 non-refundable customer deposits are comingled with operating funds. 4,398 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.
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 June 30, 2020 and 2019, the Company excluded the outstanding Employee Equity Plans ("EEP") and other securities summarized below using the Treasury Stock Method, 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. Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 Options and other instruments under the 2012, 2015, and 2018 Plans to purchase common stock 817,254 767,163 613,553 805,358 Underwriters and investors warrants issued outside of an EEP - - - 891,699 Total 817,254 767,163 613,553 1,697,057
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 12 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 12 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. In November 2019, the FASB delayed the effective date for Topic 842 to fiscal years beginning after December 15, 2020 for private companies and emerging growth companies, and interim periods within those years, with early adoption permitted. In June 2020, the FAAB issued ASU No 2020-05 that further delayed the effective date of Topic 842 to fiscal years beginning after December 15, 2021. We will adopt this new standard on January 1, 2022. 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.
Adoption of Recent Accounting Pronouncements	Adoption of Recent Accounting Pronouncements 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 adopted the new standard on January 1, 2020. The adoption did not have a material impact on the Company’s 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 adopted the new standard on January 1, 2020. The adoption did not have a material impact on the Company’s financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of inventory	June 30, December 31, Raw materials $ 5,512,729 $ 3,650,466 Work in progress — 25,340 Finished goods 110,606 58,682 Total $ 5,623,335 $ 3,734,488
Schedule of earnings per share anti-dilutive	Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 Options and other instruments under the 2012, 2015, and 2018 Plans to purchase common stock 817,254 767,163 613,553 805,358 Underwriters and investors warrants issued outside of an EEP - - - 891,699 Total 817,254 767,163 613,553 1,697,057

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	June 30, December 31, Computer equipment and software $ 78,490 $ 77,583 Furniture and fixtures 46,839 46,839 Machinery and equipment 5,136,608 4,699,383 FUV rental fleet 123,943 — Leasehold improvements 774,046 774,046 Fixed assets in process 106,201 264,999 Total property and equipment 6,266,127 5,862,850 Less: Accumulated depreciation (1,568,814 ) (1,130,306 ) Total $ 4,697,313 $ 4,732,544

Stock-Based Payments (Tables)

Stock-Based Payments (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of stock-based compensation, including stock-options, warrants and stock issued for compensation and services	Three Months Ended Six Months Ended 2020 2019 2020 2019 Research and development $ 45,515 $ 52,558 $ 99,215 $ 73,566 Sales and marketing 33,749 23,862 54,905 37,606 General and administrative 283,364 109,320 447,248 171,018 Cost of goods sold 65,006 — 131,231 — Total $ 427,634 $ 185,740 $ 732,599 $ 282,190

Nature of Operations (Details)

Nature of Operations (Details) - USD ($)	May 06, 2020	Mar. 19, 2020	Jun. 30, 2020	Dec. 31, 2019
Nature of Operations (Textual)
Inventory			$ 5,623,335	$ 3,734,488
Prepaid inventory not received			$ 501,544
Coronavirus, description		The Company announced on March 19, 2020, that it was temporarily suspending all production of the Fun Utility Vehicle at its U.S. factory located in Eugene, Oregon in response to the rapidly evolving COVID-19 pandemic. We have restarted limited production and are planning to resume deliveries to customers in the third quarter. The Company will maintain a work-from-home staff for all employees that can work from home, 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 has resulted in meaningful cost reductions during the period of shutdown.
Loan proceeds	$ 1,068,686

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Raw materials	$ 5,512,729	$ 3,650,466
Work in progress		25,340
Finished goods	110,606	58,682
Total	$ 5,623,335	$ 3,734,488

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Summary of Significant Accounting Policies [Line Items]
Total	817,254	767,163	613,553	1,697,057
Underwriters and investors warrants issued outside of an EEP [Member]
Summary of Significant Accounting Policies [Line Items]
Total				891,699
Options and other instruments under the 2012, 2015, and 2018 Plans to purchase common stock [Member]
Summary of Significant Accounting Policies [Line Items]
Total	817,254	767,163	613,553	805,358

Concentrations (Details)

Concentrations (Details) - Vendor	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Payables [Member]
Concentrations (Textual)
Number of vendor	1	1
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 13% and 27% of inventory balances.		These vendors accounted for 17% and 23% of inventory balances.

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total	$ 6,266,127	$ 5,862,850
Less: accumulated depreciation	(1,568,814)	(1,130,306)
Total	4,697,313	4,732,544
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Total	78,490	77,583
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Total	46,839	46,839
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Total	5,136,608	4,699,383
FUV rental fleet [Member]
Property, Plant and Equipment [Line Items]
Total	123,943
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total	774,046	774,046
Fixed assets in process [Member]
Property, Plant and Equipment [Line Items]
Total	$ 106,201	$ 264,999

Property and Equipment (Detai_2

Property and Equipment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property and Equipment (Textual)
Depreciation expense	$ 231,000	$ 17,200	$ 439,000	$ 343,000

Capital Lease Obligations (Deta

Capital Lease Obligations (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Capital Lease Obligations (Textual)
Purchase of capital equipment	$ 2,321,000
Lease obligations maturity, description	These lease obligations mature ranging from December 2021 through December 2024.
Capital lease obligations	$ 1,465,000	$ 1,614,000
Underlying assets	2,903,000
Accumulated depreciation	599,000
Capital lease payments	47,267
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	9.90%

Notes Payable (Details)

Notes Payable (Details) - USD ($)	May 05, 2020	Aug. 14, 2019	Jul. 15, 2019	Jun. 25, 2020	Dec. 27, 2018	Jun. 30, 2020	Dec. 31, 2019	Sep. 12, 2019
Notes Payable (Textual)
Description of note convertible	The Company received a Paycheck Protection Program ("PPP") loan in the amount of $1,068,686, referred to on the balance sheet as Note payable to bank. The loan has an interest rate of 1% and monthly payments of $60,154 for 18 months beginning December 5, 2020.				(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 Company had 10%, one-year convertible promissory notes outstanding totaling $1,310,893, of which $962,829 was due to related parties.
Face Amount		$ 600,000	$ 600,000
Price per share			$ 4.25		$ 3	$ 4.25		$ 4.25
Accrued interest		48,972	$ 479,809
Convertible promissory notes		$ 648,972					$ 837,557
Unamortized discount								$ 15,000
Annual rate of notes payable		10.00%
Notes payable to related parties			3,979,809
Accrued interest expense excluding discount amortization						164,572
Discount amortization						$ 310,508
Repaid in cash			$ 3,500,000
Subscription Agreement [Member]
Notes Payable (Textual)
Descriptions of subscription agreement				Certain Notes were converted in accordance with the Subscription Agreement. As a result, principal amounts of $1,310,893, of which $962,829 was to related parties and unpaid accrued interest of $108,284, of which $71,725 was to related parties, were converted into 333,924 shares of Common Stock at a conversion price of $4.25 per share. The Company also paid an aggregate of $688,079 of cash to settle principal, of which $188,079 was to related parties, and $80,953 of accrued interest, of which $41,691 was to related parties, to settle the remaining convertible notes. Interest expense was $53,284.
Warrant [Member]
Notes Payable (Textual)
Price per share					$ 3.50

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Jul. 02, 2020	Jun. 30, 2020	Jun. 11, 2020	Jul. 15, 2019	May 13, 2019	Nov. 15, 2018	Jun. 30, 2020	Dec. 31, 2019	Aug. 14, 2019	Jun. 30, 2019	Feb. 28, 2019
Stockholders' Equity (Textual)
Preferred stock, shares authorized		1,500,000					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	60,000,000
Reserved common stock pursuant to the equity incentive plans		5,373,789					5,373,789
Issue of public offering common stock value							$ 4,785,000
Warrant expiration period							5 years 6 months
Issuance of common stock shares							100,000
Issuance of common stock value							$ 8,500,000
Issuance of exercises common stock							53,684
Face Amount				$ 600,000					$ 600,000
Repaid in cash				3,500,000
Notes payable to related parties				$ 3,979,809
Subsequent Events [Member]
Stockholders' Equity (Textual)
Issue of public offering common stock shares	743,000
Issue of public offering common stock value	$ 4,785,000
Issuance of shares	1,700,000
Services [Member]
Stockholders' Equity (Textual)
Issue of restricted common shares							32,749
Share Exchange Agreement [Member]
Stockholders' Equity (Textual)
Issuance of common stock shares					2,000,000	2,000,000
Subscription Agreement [Member]
Stockholders' Equity (Textual)
Exercised at a price per share											$ 3
Employee Options [Member]
Stockholders' Equity (Textual)
Employee options exercised							3,388
Exercised at a price per share		$ 3.10					$ 3.10
Total proceeds stock option amount							$ 10,502
Common Stock [Member]
Stockholders' Equity (Textual)
Reserved common stock pursuant to the equity incentive plans		3,363,993					3,363,993
Stock options and warrants outstanding		3,293,135					3,293,135	3,293,135
Employee options exercised							96,581
Exercised at a price per share		$ 5	$ 3				$ 5
Employee warrants										205,688
Warrant exercise price										$ 0.50
Issuance of shares		1,700,000	2,666,667				1,700,000			169,578
Issuance of common stock value		$ 8,500,000	$ 8,000,000
Additional issuance of warrants							2,109,539
Description of reserved an additional warrants							The Company has reserved an additional 2,109,539 shares of its common stock for warrants.
Placement agent fees		$ 510,000	$ 480,000
Common Stock [Member] | Director [Member]
Stockholders' Equity (Textual)
Issuance of shares		5,546					5,546
Common Stock One [Member]
Stockholders' Equity (Textual)
Employee warrants										35,688
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										4.138
Common Stock Two [Member] | Maximum [Member]
Stockholders' Equity (Textual)
Market price, per share										5.212
Common Stock Three [Member] | Minimum [Member]
Stockholders' Equity (Textual)
Market price, per share										2.06
Common Stock Three [Member] | Maximum [Member]
Stockholders' Equity (Textual)
Market price, per share										3.10
Common Stock Four [Member] | Minimum [Member]
Stockholders' Equity (Textual)
Market price, per share										3.33
Common Stock Four [Member] | Maximum [Member]
Stockholders' Equity (Textual)
Market price, per share										$ 5.21
Series A-1 Preferred Stock
Stockholders' Equity (Textual)
Preferred stock, shares authorized		1,500,000					1,500,000	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					$ 15,000,000
Class C Preferred Stock
Stockholders' Equity (Textual)
Preferred stock, shares authorized		2,000,000					2,000,000	2,000,000
Preferred stock, par value
Preferred stock, shares issued
Preferred stock, shares outstanding

Stock-Based Payments (Details)

Stock-Based Payments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 427,634	$ 185,740	$ 732,599	$ 282,190
Research and development [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	45,515	52,558	99,215	73,566
Sales and marketing [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	33,749	23,862	54,905	37,606
General and administrative [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	283,364	109,320	447,248	171,018
Cost of goods sold [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 65,006		$ 131,231

Stock-Based Payments (Details T

Stock-Based Payments (Details Textual) - USD ($)	Apr. 21, 2020	Jun. 18, 2020	Jun. 06, 2020	Apr. 27, 2020	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Feb. 12, 2020	Dec. 31, 2019	Feb. 12, 2019
Stock-Based Payments (Textual)
Stock-based compensation					$ 427,634		$ 185,740	$ 732,599	$ 282,190
Subscription agreement, description			The deferred compensation plan calls for stock units to be held on account for each director and issued 90 days after separation from service as a director. If cash reserves are estimated to be less than the amount needed for 5 months of operations the Directors are required to take their compensation in Deferred Stock Units under the 2018 Plan, otherwise, Directors have the option of taking compensation in any combination of cash or Deferred Stock Units.					Total compensation cost related to non-vested awards not yet recognized as of June 30, 2020 was $165,654 and will be recognized on a straight-line basis through May 2023 based on the respective vesting periods.
Stock units						46,584		33,486			28,673
Stock price					$ 5.32	$ 1.15		$ 5.32			$ 1.61
Expenses						$ 53,572		$ 178,146
Description of securities purchase agreement								The Company issued 43,456 common shares for accounts payable with a fair value of $81,329. The shares were valued based on the stock price at the time of the grant when the performance commitment was complete. 32,749 of these shares were for the August 3, annual renewal of an investor relations consulting contract.
Issuance of common stock shares								100,000
Annual shares renewal								32,749
Cash received								$ 7,500
Payments of investor amount					$ 217,500	$ 9,689		$ 240,000	48,251
2018 Omnibus Stock Incentive Plan [Member]
Stock-Based Payments (Textual)
Remaining reserve of shares of common stock under plan					2,005,351			2,005,351
Stock-based compensation					$ 401,311		136,638	$ 668,953	$ 205,943
Options authorized					1,000,000			1,000,000
Options issued								108,743
Strike price												$ 1.72
Compensation cost related to non-vested awards issued					$ 1,237,762			$ 1,237,762
Additional shares of common stock		5,000		29,666				1,000,000		32,749
Fair value of options		$ 13,430		$ 44,956	277,880			$ 277,880				$ 56,328
2018 Omnibus Stock Incentive Plan [Member] | Employee Stock [Member]
Stock-Based Payments (Textual)
Options granted								32,000	498,600
Fair value of options					$ 42,728		963,929	$ 42,728	$ 963,929
2018 Omnibus Stock Incentive Plan [Member] | Minimum [Member]
Stock-Based Payments (Textual)
Additional shares of common stock	2,000,000
2018 Omnibus Stock Incentive Plan [Member] | Maximum [Member]
Stock-Based Payments (Textual)
Additional shares of common stock	4,000,000
2015 Stock Incentive Plan [Member]
Stock-Based Payments (Textual)
Total shares issued					810,275			810,275
Options issued								4,444
Options granted								13,000	141,600
Employee stock-based compensation expense					$ 26,323		49,102	$ 63,646	$ 76,247
Fair value of options					$ 17,358		$ 273,751	$ 17,358	$ 273,751
2012 Employee Stock Benefit Plan [Member]
Stock-Based Payments (Textual)
Warrants issued and outstanding, shares of company common stock					658,316			658,316
Warrant issued								1
Total shares issued					1,000,000			1,000,000
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
Board of Directors [Member]
Stock-Based Payments (Textual)
Expenses											$ 46,163

Customer Deposits (Details)

Customer Deposits (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Customer Deposits (Textual)
Deposits received	$ 613,124	$ 793,524
Refundable deposits amount	388,124	374,524
Customer deposits from related parties	11,200	$ 11,200
Retail Series Production Vehicles [Member] | Minimum [Member]
Customer Deposits (Textual)
Customer deposits per order	100
Retail Series Production Vehicles [Member] | Maximum [Member]
Customer Deposits (Textual)
Customer deposits per order	10,100
Signature Series Vehicles [Member]
Customer Deposits (Textual)
Customer deposits per order	$ 42,000

Subsequent Events (Details Text

Subsequent Events (Details Textual) - USD ($)

Aug. 10, 2020

Aug. 04, 2020

Jul. 09, 2020

Jul. 07, 2020

Jul. 06, 2020

Jul. 02, 2020

Jun. 30, 2020

Jun. 11, 2020

Oct. 08, 2019

Aug. 18, 2020

Jun. 30, 2020

Jun. 30, 2019

Feb. 28, 2019

Subsequent Events (Textual)

Issuance of common stock value

$ 8,500,000

Outstandin amount

$ 3,715,000

$ 3,715,000

Common Stock [Member]

Subsequent Events (Textual)

Issued unregistered restricted common price per share

$ 5

$ 3

$ 5

Issuance of common stock value

$ 8,500,000

$ 8,000,000

Issuance of shares

1,700,000

2,666,667

1,700,000

169,578

Agent fees

$ 510,000

$ 480,000

Employee warrants

205,688

Employee options exercised

96,581

Subscription Agreement [Member]

Subsequent Events (Textual)

Issued unregistered restricted common price per share

$ 3

Investor [Member]

Subsequent Events (Textual)

Exercise price

$ 2.83

Warrant issued

1,044,444

Subsequent Events [Member]

Subsequent Events (Textual)

Subsequent events, description

Between July 13 and August 18, 2020, 50,004 employee warrants from the 2012 Plan with an exercise price of $0.50 per share were exercised in a cashless transaction resulting in the issuance of 46,663 common shares. 120,416 employee options from the 2015 Plan with an average exercise price of $2.56 per share were exercised in cashless transactions resulting in the issuance of 72,328 common shares. 12,944 employee options from the 2018 Plan with an average exercise price of $4.41 per share were exercised in cashless transactions resulting in the issuance of 3,480 common shares. 4,792 employee options from the 2018 Plan with an exercise price of $4.33 per share were exercised with $20,749 proceeds to the Company.

Issuance of shares

1,700,000

Warrant issued

942,857

Exercised in cash

$ 1,650,000

Payment of debt

300,206

Debt amount

$ 52,977

Annual interest rate

4.80%

Installment amount

$ 34,027

Shares totaling

743,000

Subsequent Events [Member] | 2018 Plan [Member]

Subsequent Events (Textual)

Shares issued for investor relations services

17,135

Value of shares issued for investor relations services

$ 100,000

Subsequent Events [Member] | Production Equipment [Member]

Subsequent Events (Textual)

Debt amount

$ 430,827

$ 192,980

Annual interest rate

5.66%

5.56%

Installment amount

$ 8,220

$ 3,144

Number of monthly installments

60

72

Subsequent Events [Member] | Subscription Agreement [Member]

Subsequent Events (Textual)

Exercise price

$ 3.5

Warrant issued

471,428

Subsequent Events [Member] | Securities Purchase Agreements [Member] | Common Stock [Member]

Subsequent Events (Textual)

Issuance of shares

1,370,000

Market price, per share

$ 7.30

Agent fees

$ 600,000

Subsequent Events [Member] | Investor [Member]

Subsequent Events (Textual)

Warrant issued

944,444

Cashless transaction issuance of common shares

642,776