Envirotech Vehicles (EVTV) 10-Q/A 22 Sep 23 2022 Q3 Quarterly report (amended) Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 10, 2022
Document Information [Line Items]
Entity Central Index Key	0001563568
Entity Registrant Name	Envirotech Vehicles, Inc.
Amendment Flag	true
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q/A
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-38078
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0774222
Entity Address, Address Line One	1425 Ohlendorf Road
Entity Address, City or Town	Osceola
Entity Address, State or Province	AR
Entity Address, Postal Zip Code	72370
City Area Code	870
Local Phone Number	970-3355
Title of 12(b) Security	Common Stock, par value $0.00001 per share
Trading Symbol	EVTV
Security Exchange Name	NASDAQ
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,021,088
Amendment Description	This Amendment is being filed to reflect the restatement of the Company’s consolidated financial statements, as discussed in Note 12 thereto, and other information related to such restated financial information. Except for Items 1 and 2 of Part I and Item 6 of Part II, no other information is amended by this Form 10-Q/A.

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2022	[1]	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 2,623,099		$ 4,846,490
Restricted cash	60,131		60,035
Marketable securities	1,976,308		8,002,700
Accounts receivable	3,384,936		1,428,030
Inventory, net	5,954,375		3,850,541
Inventory deposits	4,855,049		4,503,079
Prepaid expenses	709,621		332,514
Total current assets	19,563,519		23,023,389
Property and equipment, net	305,617		272,113
Goodwill	51,775,667		51,775,667
Other non-current assets	78,374		236,639
Total assets	71,723,177		75,307,808
Current liabilities:
Accounts payable	161,545		238,464
Accrued liabilities	767,026		1,280,020
Notes Payable, Current	414,444		31,788
Total current liabilities	1,343,015		1,550,272
Long-term liabilities
Other non-current liabilities	0		2,427
Notes payable, net	18,234		13,245
Total liabilities	1,361,249		1,565,944
Stockholders’ equity (deficit):
Preferred stock, 5,000,000 authorized, $0.00001 par value per share, none issued and outstanding as of September 30, 2022, and December 31, 2021	0		0
Common stock, 350,000,000 authorized, $0.00001 par value per share, 15,021,088 and 14,912,189 Issued and outstanding as of September 30, 2022, and December 31, 2021, respectively	150		149
Additional paid-in capital	83,923,350		81,866,075
Accumulated deficit	(13,561,572)		(8,124,360)
Total stockholders’ equity	70,361,928		73,741,864
Total liabilities and stockholders’ equity	$ 71,723,177		$ 75,307,808
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2022	[1]	Dec. 31, 2021
Preferred Stock, Shares Authorized (in shares)	5,000,000		5,000,000
Preferred stock, par value (in dollars per share)	$ 0.00001		$ 0.00001
Preferred Stock, Shares Outstanding (in shares)	0		0
Preferred stock, shares issued (in shares)	0		0
Common stock, shares authorized (in shares)	350,000,000		350,000,000
Common stock, par value (in dollars per share)	$ 0.00001		$ 0.00001
Common stock, shares issued (in shares)	15,021,088		14,912,189
Common stock, shares outstanding (in shares)	15,021,088		14,912,189
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021	Sep. 30, 2022		Sep. 30, 2021
Sales	$ 1,029,280	[1]	$ 709,092	$ 2,625,090		$ 1,368,151
Cost of sales	677,855	[1]	469,611	1,599,290		930,977
Gross profit	351,425	[1]	239,481	1,025,800		437,174
Operating expenses
General and administrative	1,584,973	[1]	1,344,840	6,113,957		2,766,989
Consulting	94,187	[1]	36,734	264,505		142,092
Research and development	25,000		0	112,412		0
Total operating expenses, net	1,704,160	[1]	1,381,574	6,490,874		2,909,081
Loss from operations	(1,352,735)	[1]	(1,142,093)	(5,465,074)		(2,471,907)
Other income (expense):
Interest income, net	30,200	[1]	8,116	37,956		2,357
Other (expense) income	(1,233)		285,902	(10,094)		288,186
Total other income	28,967	[1]	294,018	27,862		290,543
Loss before income taxes	(1,323,768)	[1]	(848,075)	(5,437,212)		(2,181,364)
Income tax expense	0	[1]	(2,400)	0		(220,700)
Net loss	$ (1,323,768)	[1]	$ (850,475)	$ (5,437,212)	[1]	$ (2,402,064)
Net loss per share to common stockholders:
Basic and diluted (in dollars per share)	$ (0.09)	[1]	$ (0.06)	$ (0.36)		$ (0.23)
Weighted shares used in the computation of net income (loss) per share:
Basic and diluted (in shares)	15,013,236	[1]	14,715,694	14,981,836		10,349,101
[1]The Consolidated Statements of Operations for the three and nine months ended September 30, 2022 have been restated. See Note 12.

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance, December 31, 2021 (in shares) at Dec. 31, 2020		1
Balance, December 31, 2021 at Dec. 31, 2020		$ 0	$ 100	$ (472,260)	$ (472,160)
Common stock issued for cash (in shares)		7,129,887
Common stock issued for cash		$ 72	6,415,139	0	6,415,210
Net loss		$ 0	0	(658,510)	(658,510)
Common stock retained in merger (in shares)		5,635,348
Common stock retained in merger		$ 56	53,509,466	0	53,509,522
Offering costs netted against proceeds		$ 0	(156,443)	0	(156,443)
Balance, March 31, 2022 (in shares) at Mar. 31, 2021		12,765,236
Balance, March 31, 2022 at Mar. 31, 2021		$ 128	59,768,262	(1,130,770)	58,637,619
Balance, December 31, 2021 (in shares) at Dec. 31, 2020		1
Balance, December 31, 2021 at Dec. 31, 2020		$ 0	100	(472,260)	(472,160)
Net loss					(2,402,064)
Balance, March 31, 2022 (in shares) at Sep. 30, 2021		14,719,983
Balance, March 31, 2022 at Sep. 30, 2021		$ 147	76,222,880	(2,874,324)	73,348,703
Balance, December 31, 2021 (in shares) at Mar. 31, 2021		12,765,236
Balance, December 31, 2021 at Mar. 31, 2021		$ 128	59,768,262	(1,130,770)	58,637,619
Common stock issued for cash (in shares)		1,936,813
Common stock issued for cash		$ 19	16,322,030	0	16,322,049
Net loss		0	0	(893,079)	(893,079)
Offering costs netted against proceeds		$ 0	(31,572)	0	(31,572)
Balance, March 31, 2022 (in shares) at Jun. 30, 2021		14,702,049
Balance, March 31, 2022 at Jun. 30, 2021		$ 147	76,058,720	(2,023,849)	74,035,018
Common stock issued for cash (in shares)		17,934
Common stock issued for cash		$ 0	43,028	0	43,028
Stock based compensation		0	121,132	0	121,132
Net loss		$ 0	0	(850,475)	(850,475)
Balance, March 31, 2022 (in shares) at Sep. 30, 2021		14,719,983
Balance, March 31, 2022 at Sep. 30, 2021		$ 147	76,222,880	(2,874,324)	73,348,703
Balance, December 31, 2021 (in shares) at Dec. 31, 2021		14,912,189
Balance, December 31, 2021 at Dec. 31, 2021		$ 149	81,866,075	(8,124,360)	73,741,864
Common stock issued for cash (in shares)		50,000
Common stock issued for cash		$ 1	119,999	0	120,000
Common stock issued for lawsuit settlement (in shares)		38,484
Common stock issued for lawsuit settlement		$ 0	197,431	0	197,431
Stock based compensation		0	1,614,845	0	1,614,845
Net loss		$ 0	0	(2,936,862)	(2,936,862)
Balance, March 31, 2022 (in shares) at Mar. 31, 2022		15,000,673
Balance, March 31, 2022 at Mar. 31, 2022		$ 150	83,798,350	(11,061,222)	72,737,278
Balance, December 31, 2021 (in shares) at Dec. 31, 2021		14,912,189
Balance, December 31, 2021 at Dec. 31, 2021		$ 149	81,866,075	(8,124,360)	73,741,864
Net loss	[1]				(5,437,212)
Balance, March 31, 2022 (in shares) at Sep. 30, 2022		15,021,088
Balance, March 31, 2022 at Sep. 30, 2022		$ 150	83,923,350	(13,561,572)	70,361,928	[2]
Balance, December 31, 2021 (in shares) at Mar. 31, 2022		15,000,673
Balance, December 31, 2021 at Mar. 31, 2022		$ 150	83,798,350	(11,061,222)	72,737,278
Net loss		$ 0	0	(1,176,582)	(1,176,582)
Balance, March 31, 2022 (in shares) at Jun. 30, 2022		15,000,673
Balance, March 31, 2022 at Jun. 30, 2022		$ 150	83,798,350	(12,237,804)	71,560,696
Common stock issued for lawsuit settlement (in shares)		20,415
Common stock issued for lawsuit settlement		$ 0	125,000	0	125,000
Net loss		$ 0	0	(1,323,768)	(1,323,768)	[1]
Balance, March 31, 2022 (in shares) at Sep. 30, 2022		15,021,088
Balance, March 31, 2022 at Sep. 30, 2022		$ 150	$ 83,923,350	$ (13,561,572)	$ 70,361,928	[2]
[1]The Consolidated Statements of Operations for the three and nine months ended September 30, 2022 have been restated. See Note 12.[2]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	[1]	Sep. 30, 2021
Cash flows from operating activities:
Net loss	$ (5,437,212)		$ (2,402,064)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	56,700		43,031
Unrealized loss on marketable securities	(6,033)		(20,359)
Stock based compensation expense	1,614,845		121,132
Provision for bad debt	0		303,879
Gain on debt forgiveness	0		(290,519)
Changes in assets and liabilities:
Accounts receivable	(1,956,906)		(734,267)
Inventory	(2,103,834)		(792,800)
Inventory deposits	(351,970)		(4,514,665)
Prepaid expenses	(377,107)		637,483
Other assets	158,265		0
Accounts payable	(76,919)		(307,488)
Accrued liabilities	(194,907)		(1,734,270)
Other liabilities	403,328		(226,421)
Net cash used in operating activities	(8,271,750)		(9,917,328)
Cash flows from investing activities:
Purchase of property and equipment, net	(90,204)		(27,958)
Investment in marketable securities	(2,291,036)		(12,000,000)
Sale of marketable securities	8,323,461		5,000,000
Cash acquired in merger	0		3,373,332
Net cash provided by (used in) investing activities	5,942,221		(3,654,626)
Cash flows from financing activities:
Proceeds from issuance of common stock	120,000		22,780,188
Payments for deferred offering costs	0		(188,015)
Principal repayments on debt	(13,766)		(309,865)
Net cash provided by financing activities	106,234		22,282,308
Net change in cash, restricted cash and cash equivalents	(2,223,295)		8,710,354
Cash, restricted cash and cash equivalents at the beginning of the period	4,906,525		1,930,132
Cash, restricted cash and cash equivalents at the end of the period	2,683,230		10,640,486
Supplemental cash flow disclosures:
Cash paid for interest expense	2,272		4,944
Cash paid for income taxes	0		2,400
Non-cash common stock lawsuit settlement	$ 322,431		$ 0
[1]The Consolidated Statements of Operations for the three and nine months ended September 30, 2022 have been restated. See Note 12.

Note 1 - Organization and Opera

Note 1 - Organization and Operations	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Nature of Operations [Text Block]	1. Organization and Operations Envirotech Vehicles, Inc. (“we”, “us”, “our” or the “Company”) is a provider of purpose-built zero On March 15, 2021, zero February 16, 2021 ( 3. The Company was formerly known as ADOMANI, Inc. On May 26, 2021, May 26, 2021. On February 22, 2022, On June 28, 2022, 1 no 10

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Basis of Presentation 3 September 30, 2022, September 30, 2022, three nine December 31, 2021 three September 30, 2021 March 16, 2021 September 30, 2021. December 31, 2021 2020 10 April 26, 2022. September 30, 2022 not Principles of Consolidation 2021 Use of Estimates Fair Value of Financial Instruments No. 820, three Level 1: Level 2: Level 3: no The Company does not Revenue Recognition zero 606, September 30, 2022, five nine September 30, 2022, 11 100% five 11 In applying ASC Topic 606, ( 1 identify any contracts with customers; ( 2 determine if multiple performance obligations exist; ( 3 determine the transaction price; ( 4 allocate the transaction price to the respective obligation; and ( 5 recognize the revenue as the obligation is satisfied. Product revenue includes the sale of electric trucks and cargo vans. These sales represent a single performance obligation and revenue is recognized when the vehicle is delivered and the customer has accepted the vehicle and signed the appropriate documentation acknowledging receipt of the vehicle. At this time, the title of the vehicle is transferred to the customer. The Company provides the option of financing (flooring) to Factory Authorized Representatives (“FARs”) for demo vehicles that are used in their selling process. Flooring agreements are made either expressly or implicitly and last no one first 606 not Cash and Cash Equivalents three September 30, 2022 December 31, 2021, Marketable Securities not September 30, 2022, September 30, 2022, December 31, 2021 Accounts Receivable and Allowance for Doubtful Accounts —The Company establishes an allowance for bad debts through a review of several not September 30, 2022. December 31, 2021 no may two nine not September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021, September 30, 2022, five ing accounts receivable; for the nine September 30, 2022, 11 100 five 11 Inventory and Inventory Valuation Allowance —The Company records inventory at the lower of cost or market, and uses a First In, First Out not September 30, 2022 three not September 30, 2022, September 30, 2022. December 31, 2021. Inventory Deposits September 30, 2022 December 31, 2021, three September 30, 2022. Income Taxes Accounting for Uncertainty in Income Taxes September 30, 2022 December 31, 2021, not Net Income (Loss) Per Share Diluted net loss per share is calculated by dividing the Company’s net loss applicable to common stockholders by the diluted weighted average number of shares of common stock outstanding during the period. The diluted weighted average number of shares of common stock outstanding is the basic weighted number of shares of common stock adjusted for any potentially dilutive debt or equity securities. As of September 30, 2022, Concentration of Credit Risk $250,000 may During the nine September 30, 2022, September 30, 2022. Impairment of Long-Lived Assets may not September 30, 2022 December 31, 2021, Goodwill not not first not not not one September 30,2022 December 31, 2021 not Research and Development nine September 30, 2022. December 31, 2021. Stock-Based Compensation 718, January 7, 2022 January 31, 2022 ( 7 nine September 30, 2022. Property and Equipment three five $2,000. Leases 842. Recent Accounting Pronouncements not not

Note 3 - Merger

Note 3 - Merger	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	3. Merger On March 15, 2021, zero one 805 March 16, 2021 The primary reasons EVTDS consummated the merger with ADOMANI, Inc. were the opportunity to immediately become a public company without the process of doing its own initial public offering, affording it the opportunity to more quickly raise capital and provide liquidity options to its stockholders, at the same time acquiring the infrastructure required of a public company run by people experienced in investor relations and the public company regulatory compliance issues and filings required. In addition, since ADOMANI, Inc. had been the sole customer of EVTDS, the two two At December 31, 2020, two one December 31, 2020. December 31, 2021. EVTDS entered into an exclusive 50-year distribution agreement as of October 4, 2017 may not The following table presents the estimated allocation of the purchase price of the assets acquired and liabilities assumed for the acquisition by EVTDS of ADOMANI, Inc. via the reverse acquisition: Purchase Price Allocation of ADOMANI, Inc. Accounts receivable and other current assets $ 1,680,926 Property and equipment 86,873 Right of use asset 369,987 Other assets 59,510 Goodwill 51,775,667 Accounts payable and accrued expenses (820,389 ) Lease liability (369,987 ) Notes payable (417,540 ) Purchase price, net of $ 3,373,332 $ 52,365,047 This allocation is based on management’s estimated fair value of the ADOMANI Inc. assets and liabilities at March 15, 2021. March 15, 2021 7 none The unaudited consolidated statement of operations for the three March 31, 2021 March 15, 2021, no not 9 11 Unaudited Pro Forma Financial Information The following unaudited pro forma financial information presents the combined results of operations for the Company and gives effect to the Merger discussed above as if it had occurred on January 1, 2021. not nine September 30, 2021 January 1, 2021, not Pro forma combined results of operations For the three months ended For the nine months ended September 30, 2021 September 30, 2021 Sales $ 709,092 $ 1,065,562 Net income (loss) $ (850,475 ) $ (5,045,988 ) For purposes of the pro forma disclosures above, there were no nine September 30, 2022 no three September 30, 2021, no nine September 30, 2021, January 1, 2021 March 15, 2021 three March 31, 2021

Note 4 - Property and Equipment

Note 4 - Property and Equipment, Net	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	4. Property and Equipment, Net Components of property and equipment, net, consist of the following as of September 30, 2022 December 31, 2021: September 30, December 31, 2022 2021 Furniture and fixtures $ 60,082 $ 41,799 Leasehold improvements 40,112 28,112 Machinery & equipment 144,406 86,266 Vehicles 252,725 252,724 Test/Demo vehicles 15,784 15,784 Total property and equipment 513,108 424,685 Less accumulated depreciation (207,491 ) (152,572 ) Net property and equipment $ 305,617 $ 272,113 Depreciation expense was $19,093 and $7,655 and was $56,700 and $43,031 for the three nine September 30, 2022 2021,

Note 5 - Debt

Note 5 - Debt	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	5. Debt On June 15, 2021, twenty-four July 2021, On July 15, 2022, August 2022, On June 15, 2022, September 2022, On August 20, 2022, July 2022, As of September 30, 2022, Effective August 4, 2022, no may may not September 30, 2022 no

Note 6 - Stock Warrants

Note 6 - Stock Warrants	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Warrants [Text Block]	6. Stock Warrants As a result of the Merger closing (see Note 3 March 15, 2021, second 10 April 26, 2022, September 30, 2022. nine September 30, 2022. September 30, 2022 Number of Exercise Remaining Shares Price Contractual Life (years) Outstanding warrants expiring January 9, 2023 12,833 $ 75.00 0.33 Outstanding warrants expiring January 28, 2025 431,250 $ 10.00 2.33 Outstanding warrants expiring May 7, 2026 958,334 $ 20.00 3.60 Outstanding warrants on September 30, 2022 1,402,417 $ 17.43 3.18 The Warrants issued as part of the Purchase Agreement related to the Financing contain a call provision whereby the Company, after the 13 four 20 may not ten may As of September 30, 2022,

Note 7 - Stock Options

Note 7 - Stock Options	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	7. Stock Options As a result of the Merger closing (see Notes 2 3 March 15, 2021 September 30, 2022 Weighted Average Remaining Number of Exercise Contractual Life Shares Price (years) Outstanding at December 31, 2021 338,500 $ 5.80 6.98 Options granted during 9 months ended September 30, 2022: Options Granted at $2.00 Exercise Price 250,000 $ 2.00 Options Granted at $2.40 Exercise Price 90,893 $ 2.40 Options Granted at $3.62 Exercise Price 2,762 $ 3.62 Options Granted at $9.00 Exercise Price 1,111 $ 9.00 Exercised (50,000 ) $ 2.40 Cancelled / Forfeited at $9.00 Exercise Price (25,000 ) $ 9.00 Subtotal, as follows: 608,266 Outstanding Options at $2.00 Exercise Price 250,000 $ 2.00 9.30 Outstanding Options at $2.40 Exercise Price 90,893 $ 2.40 9.30 Outstanding Options at $3.62 Exercise Price 2,762 $ 3.62 4.34 Outstanding Options at $9.00 Exercise Price 257,861 $ 9.00 8.21 Outstanding Options at $26.20 Exercise Price 6,750 $ 26.20 5.55 Outstanding at September 30, 2022 608,266 $ 5.30 8.77 On January 7, 2022, tenth On January 7, 2022, tenth On January 31, 2022, 1/60th five tenth On March 15, 2022, March 15, 2022, not March 15, 2022. As of September 30, 2022,

Note 8 - Related Party Transact

Note 8 - Related Party Transactions	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	8. Related Party Transactions The Company has entered into an engagement agreement (the “SRI Services Agreement”) with SRI Professional Services, Incorporated (“SRI”), pursuant to which the Company engaged SRI to provide certain services in connection with the day-to-day operations of the Company, including the issuing of invoices to customers and making payments on behalf of the Company with respect to month-to-month leases of facilities, vehicles and trailers under separate agreements between the Company and SRI, including the SRI Equipment Leases and the SRI Office Leases further described in the following paragraphs in this Note 8, 9 11. three The Company has entered into lease agreements with SRI (the “SRI Equipment Leases”), pursuant to which the Company leases equipment used in connection with the operation of its business. The SRI Equipment Leases provide for the leasing of two January 1, 2020 December 1, 2019, EVTDS has entered into a cancelable month-to-month lease with SRI (the “SRI Office Lease”), pursuant to which EVTDS has leased office and warehouse space in the Porterville, California area for a term that commenced on January 1, 2020. The Company has entered into a commercial lease agreement (the “ABCI Office Lease”) with Alpha Bravo Charlie, Inc. (“ABCI”) that commenced on April 1, 2020, 9 11. In connection with the closing of the Merger in March 2021, two three June 30, 2021. two no March 2021 second September 30, 2022.

Note 9 - Commitments

Note 9 - Commitments	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Commitments Disclosure [Text Block]	9. Commitments Other Agreements On December 31, 2021, March 1, 2021, five one twelve January 1, 2022, one The following table summarizes the Company’s future minimum payments under contractual commitments, excluding debt, as of September 30, 2022: Payments due by period More Less than than 5 Total one year 1 - 3 years 4 - 5 years years Operating lease obligations $ 11,491 $ 10,881 $ 610 $ — $ — Employment contracts 2,125,000 500,000 1,500,000 125,000 — Total $ 2,136,491 $ 510,881 $ 1,500,610 $ 125,000 $ —

Note 10 - Contingencies

Note 10 - Contingencies	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	10. Contingencies Except as set forth below, we know of no no GreenPower Actions: On December 17, 2019, No. 1914285, February 2, 2020, On or about July 18, 2021, No. S207532. 42 not On February 8, 2022, No. 5:22 00252 On May 10, 2022, October 7, 2022, October 4 Mollick/Electric DriveTrain Action: On August 23, 2018, No. 1817493, two June 2017. June 2017 12 2 15 Plaintiff’s counsel subsequently filed a first second third fourth October 27, 2020, fourth On July 13, 2021, August 23, 2021, August 23, 2021, not October 28, 2021, December 10, 2021, two On August 31, 2022, October 6, 2022, December 21, 2022. On June 19, 2019, No. 1 349153 two June 2017, September 20, 2019, first five 25401, November 12, 2019, August 10, 2021, two January 14, 2022, March 7, 2022, April 5, 2022, no

Note 11 - Leases

Note 11 - Leases	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	11. Leases As of September 30, 2022, nine Four five 8 2, 842. one September 30, 2022, six 842, The Company has entered into the SRI Equipment Leases (see Note 8 three nine September 30, 2022 three nine September 30, 2021 The Company has entered into the SRI Office Lease (see Note 8 three nine September 30, 2022 three nine September 30, 2021 The Company has entered into the ABCI Office Lease (see Note 8 three nine September 30, 2022 three nine September 30, 2021 The Company has entered into the Toledo Jet Center Lease for office space in the Ft. Lauderdale Florida area effective February 15, 2022. one one three nine September 30, 2022 In February 2017, 30 In December 2019, November 2020 36 January 1, 2020, December 31, 2022. March 31. 2022, April 1, 2022 On February 4, 2020, January 1, 2020 ( February 1, 2020, December 31, 2022. April 1, 2022, The Company’s total net rent expense for the three nine September 30, 2022 three nine September 30, 2021 Quantitative information regarding the Company’s leases is as follows: Nine Months Ended September 30, 2022 2021 Lease expenses Operating lease expenses $ 56,101 $ 122,001 Short-term lease expenses 124,645 76,160 Total lease cost $ 180,746 $ 198,161 Other information Cash paid for the amounts included in the measurement of lease liabilities for operating leases: Operating cash flows $ 56,890 $ 163,707 Weighted-average remaining lease term (in years): Operating leases 0.62 1.28 Weighted-average discount rate: Operating leases 14 % 14 %

Note 12 - Restatement

Note 12 - Restatement	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Error Correction [Text Block]	12. Restatement During the preparation of its Form 10 December 31, 2022, three March 31, 2022, June 30, 2022 September 30, 2022. not 606, Revenue from Contracts with Customers In addition, in an unrelated transaction, the Company reclassed $387,000 from Accrued liabilities to Notes payable, net. This reclassification had no The Company has restated its Consolidated Balance Sheet as of September 30, 2022, three nine September 30, 2022 The following table summarizes the effects of the restatement as of September 30, 2022 three nine September 30, 2022. no September 30, 2022 Consolidated Balance Sheet Information: As Previously Reported As Restated Accounts receivable $ 7,804,369 $ 3,384,936 Inventory, net 3,603,852 5,954,375 Inventory deposits 4,812,439 4,855,049 Total current assets 21,589,819 19,563,519 Total assets 73,749,477 71,723,177 Accrued liabilities 1,154,026 767,026 Notes payable, net 27,444 414,444 Accumulated deficit (11,535,272 ) (13,561,572 ) Total stockholders’ equity 72,388,228 70,361,928 Total liabilities and stockholders’ equity 73,749,477 71,723,177 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Consolidated Statement of Operations Information: As Previously Reported As Restated As Previously Reported As Restated Sales $ 3,882,670 $ 1,029,280 $ 7,078,870 $ 2,625,090 Cost of sales 2,046,491 677,855 3,998,533 1,599,290 Gross profit 1,836,179 351,425 3,080,337 1,025,800 General and administrative expenses 1,619,210 1,584,973 6,142,194 6,113,957 Income (loss) from operations 97,782 (1,352,735 ) (3,438,774 ) (5,465,074 ) Income (loss) before income taxes 126,749 (1,323,768 ) (3,410,912 ) (5,437,212 ) Net income (loss) $ 126,749 $ (1,323,768 ) $ (3,410,912 ) $ (5,437,212 ) Net income (loss) per share – basic and diluted $ 0.01 $ (0.09 ) $ (0.23 ) $ (0.36 )

Note 13 - Subsequent Event

Note 13 - Subsequent Event	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	13. Subsequent Events The Company evaluates subsequent events through September 22, 2023, In March 2023, two two July 1, 2023 ( September 1, 2023. two first second may Be

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation 3 September 30, 2022, September 30, 2022, three nine December 31, 2021 three September 30, 2021 March 16, 2021 September 30, 2021. December 31, 2021 2020 10 April 26, 2022. September 30, 2022 not
Consolidation, Policy [Policy Text Block]	Principles of Consolidation 2021
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments No. 820, three Level 1: Level 2: Level 3: no The Company does not
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition zero 606, September 30, 2022, five nine September 30, 2022, 11 100% five 11 In applying ASC Topic 606, ( 1 identify any contracts with customers; ( 2 determine if multiple performance obligations exist; ( 3 determine the transaction price; ( 4 allocate the transaction price to the respective obligation; and ( 5 recognize the revenue as the obligation is satisfied. Product revenue includes the sale of electric trucks and cargo vans. These sales represent a single performance obligation and revenue is recognized when the vehicle is delivered and the customer has accepted the vehicle and signed the appropriate documentation acknowledging receipt of the vehicle. At this time, the title of the vehicle is transferred to the customer. The Company provides the option of financing (flooring) to Factory Authorized Representatives (“FARs”) for demo vehicles that are used in their selling process. Flooring agreements are made either expressly or implicitly and last no one first 606 not
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents three September 30, 2022 December 31, 2021,
Marketable Securities, Policy [Policy Text Block]	Marketable Securities not September 30, 2022, September 30, 2022, December 31, 2021
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable and Allowance for Doubtful Accounts —The Company establishes an allowance for bad debts through a review of several not September 30, 2022. December 31, 2021 no may two nine not September 30, 2022 December 31, 2021 September 30, 2022 December 31, 2021, September 30, 2022, five ing accounts receivable; for the nine September 30, 2022, 11 100 five 11
Inventory, Policy [Policy Text Block]	Inventory and Inventory Valuation Allowance —The Company records inventory at the lower of cost or market, and uses a First In, First Out not September 30, 2022 three not September 30, 2022, September 30, 2022. December 31, 2021.
Inventory Deposits [Policy Text Block]	Inventory Deposits September 30, 2022 December 31, 2021, three September 30, 2022.
Income Tax, Policy [Policy Text Block]	Income Taxes
Income Tax Uncertainties, Policy [Policy Text Block]	Accounting for Uncertainty in Income Taxes September 30, 2022 December 31, 2021, not
Earnings Per Share, Policy [Policy Text Block]	Net Income (Loss) Per Share Diluted net loss per share is calculated by dividing the Company’s net loss applicable to common stockholders by the diluted weighted average number of shares of common stock outstanding during the period. The diluted weighted average number of shares of common stock outstanding is the basic weighted number of shares of common stock adjusted for any potentially dilutive debt or equity securities. As of September 30, 2022,
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk $250,000 may During the nine September 30, 2022, September 30, 2022.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets may not September 30, 2022 December 31, 2021,
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill not not first not not not one September 30,2022 December 31, 2021 not
Research and Development Expense, Policy [Policy Text Block]	Research and Development nine September 30, 2022. December 31, 2021.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation 718, January 7, 2022 January 31, 2022 ( 7 nine September 30, 2022.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment three five $2,000.
Lessee, Leases [Policy Text Block]	Leases 842.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements not not

Note 3 - Merger (Tables)

Note 3 - Merger (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Purchase Price Allocation of ADOMANI, Inc. Accounts receivable and other current assets $ 1,680,926 Property and equipment 86,873 Right of use asset 369,987 Other assets 59,510 Goodwill 51,775,667 Accounts payable and accrued expenses (820,389 ) Lease liability (369,987 ) Notes payable (417,540 ) Purchase price, net of $ 3,373,332 $ 52,365,047
Business Acquisition, Pro Forma Information [Table Text Block]	Pro forma combined results of operations For the three months ended For the nine months ended September 30, 2021 September 30, 2021 Sales $ 709,092 $ 1,065,562 Net income (loss) $ (850,475 ) $ (5,045,988 )

Note 4 - Property and Equipme_2

Note 4 - Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, December 31, 2022 2021 Furniture and fixtures $ 60,082 $ 41,799 Leasehold improvements 40,112 28,112 Machinery & equipment 144,406 86,266 Vehicles 252,725 252,724 Test/Demo vehicles 15,784 15,784 Total property and equipment 513,108 424,685 Less accumulated depreciation (207,491 ) (152,572 ) Net property and equipment $ 305,617 $ 272,113

Note 6 - Stock Warrants (Tables

Note 6 - Stock Warrants (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Number of Exercise Remaining Shares Price Contractual Life (years) Outstanding warrants expiring January 9, 2023 12,833 $ 75.00 0.33 Outstanding warrants expiring January 28, 2025 431,250 $ 10.00 2.33 Outstanding warrants expiring May 7, 2026 958,334 $ 20.00 3.60 Outstanding warrants on September 30, 2022 1,402,417 $ 17.43 3.18

Note 7 - Stock Options (Tables)

Note 7 - Stock Options (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]	Weighted Average Remaining Number of Exercise Contractual Life Shares Price (years) Outstanding at December 31, 2021 338,500 $ 5.80 6.98 Options granted during 9 months ended September 30, 2022: Options Granted at $2.00 Exercise Price 250,000 $ 2.00 Options Granted at $2.40 Exercise Price 90,893 $ 2.40 Options Granted at $3.62 Exercise Price 2,762 $ 3.62 Options Granted at $9.00 Exercise Price 1,111 $ 9.00 Exercised (50,000 ) $ 2.40 Cancelled / Forfeited at $9.00 Exercise Price (25,000 ) $ 9.00 Subtotal, as follows: 608,266 Outstanding Options at $2.00 Exercise Price 250,000 $ 2.00 9.30 Outstanding Options at $2.40 Exercise Price 90,893 $ 2.40 9.30 Outstanding Options at $3.62 Exercise Price 2,762 $ 3.62 4.34 Outstanding Options at $9.00 Exercise Price 257,861 $ 9.00 8.21 Outstanding Options at $26.20 Exercise Price 6,750 $ 26.20 5.55 Outstanding at September 30, 2022 608,266 $ 5.30 8.77

Note 9 - Commitments (Tables)

Note 9 - Commitments (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Payments due by period More Less than than 5 Total one year 1 - 3 years 4 - 5 years years Operating lease obligations $ 11,491 $ 10,881 $ 610 $ — $ — Employment contracts 2,125,000 500,000 1,500,000 125,000 — Total $ 2,136,491 $ 510,881 $ 1,500,610 $ 125,000 $ —

Note 11 - Leases (Tables)

Note 11 - Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Lease, Cost [Table Text Block]	Nine Months Ended September 30, 2022 2021 Lease expenses Operating lease expenses $ 56,101 $ 122,001 Short-term lease expenses 124,645 76,160 Total lease cost $ 180,746 $ 198,161 Other information Cash paid for the amounts included in the measurement of lease liabilities for operating leases: Operating cash flows $ 56,890 $ 163,707 Weighted-average remaining lease term (in years): Operating leases 0.62 1.28 Weighted-average discount rate: Operating leases 14 % 14 %

Note 12 - Restatement (Tables)

Note 12 - Restatement (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	September 30, 2022 Consolidated Balance Sheet Information: As Previously Reported As Restated Accounts receivable $ 7,804,369 $ 3,384,936 Inventory, net 3,603,852 5,954,375 Inventory deposits 4,812,439 4,855,049 Total current assets 21,589,819 19,563,519 Total assets 73,749,477 71,723,177 Accrued liabilities 1,154,026 767,026 Notes payable, net 27,444 414,444 Accumulated deficit (11,535,272 ) (13,561,572 ) Total stockholders’ equity 72,388,228 70,361,928 Total liabilities and stockholders’ equity 73,749,477 71,723,177 Three Months Ended September 30, 2022 Nine Months Ended September 30, 2022 Consolidated Statement of Operations Information: As Previously Reported As Restated As Previously Reported As Restated Sales $ 3,882,670 $ 1,029,280 $ 7,078,870 $ 2,625,090 Cost of sales 2,046,491 677,855 3,998,533 1,599,290 Gross profit 1,836,179 351,425 3,080,337 1,025,800 General and administrative expenses 1,619,210 1,584,973 6,142,194 6,113,957 Income (loss) from operations 97,782 (1,352,735 ) (3,438,774 ) (5,465,074 ) Income (loss) before income taxes 126,749 (1,323,768 ) (3,410,912 ) (5,437,212 ) Net income (loss) $ 126,749 $ (1,323,768 ) $ (3,410,912 ) $ (5,437,212 ) Net income (loss) per share – basic and diluted $ 0.01 $ (0.09 ) $ (0.23 ) $ (0.36 )

Note 1 - Organization and Ope_2

Note 1 - Organization and Operations (Details Textual)	Jun. 28, 2022 $ / shares	Sep. 30, 2022 $ / shares	[1]	Feb. 22, 2022 ft²	Dec. 31, 2021 $ / shares
Stockholders' Equity Note, Stock Split, Conversion Ratio	20
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.00001	$ 0.00001			$ 0.00001
Facility in Osceola, Arkansas [Member]
Area of Real Estate Property (Square Foot) | ft²				580,000
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual)			3 Months Ended			6 Months Ended	9 Months Ended			12 Months Ended
	Jan. 31, 2022 shares	Jan. 07, 2022 shares	Sep. 30, 2022 USD ($) shares		Sep. 30, 2021 USD ($)	Jun. 30, 2022	Sep. 30, 2022 USD ($) shares		Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Mar. 15, 2021 shares
Restricted Cash and Cash Equivalents			$ 60,131				$ 60,131			$ 60,035
Marketable Securities			1,976,308				1,976,308			8,002,700
Accounts Receivable, before Allowance for Credit Loss, Current			3,384,936				3,384,936			1,428,030
Accounts Receivable, Allowance for Credit Loss, Current			0				0			0
Inventory, Finished Goods, Gross			5,966,804				5,966,804			3,862,970
Inventory Valuation Reserves										12,429
Inventory, Net			5,954,375	[1]			5,954,375	[1]		3,850,541
Inventory Deposits			4,855,049	[1]			4,855,049	[1]		4,503,079
Unrecognized Tax Benefits			$ 0				$ 0			0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares) | shares			604,906				604,906				649,643
Class of Warrant or Right, Outstanding (in shares) | shares			1,402,417				1,402,417				534,067
Maximum Insured Funds, FDIC and SPIC			$ 750,000				$ 750,000
Maximum Cash Insured			500,000				500,000
Extra Insurance by SPIC, Cap, Unlimited Per Customer Securities			1,000,000,000				1,000,000,000
Restricted Cash, Current			60,131	[1]			60,131	[1]		60,035
Impairment, Long-Lived Asset, Held-for-Use							$ 0			0
Number of Reporting Units							1
Goodwill			51,775,667	[1]			$ 51,775,667	[1]		51,775,667
Research and Development Expense			25,000		$ 0		$ 112,412		$ 0	58,139
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | shares	3,874	340,893					50,000
Share-Based Payment Arrangement, Expense							$ 1,614,845
Adomani Inc [Member]
Goodwill			51,775,667				51,775,667			$ 51,775,667
Approximation [Member]
Inventory, Net			5,594,375				5,594,375
Three Vehicles [Member]
Inventory Valuation Reserves			$ 12,429				$ 12,429
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)			3 years				3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)			5 years				5 years
Held-to-maturity Marketable Securities [Member] | Minimum [Member]
Investment, Maturity Period (Day)							154 days
Investment, Remaining Maturity Period (Day)							92 days
Held-to-maturity Marketable Securities [Member] | Maximum [Member]
Investment, Maturity Period (Day)							199 days
Investment, Remaining Maturity Period (Day)							182 days
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers							5
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Five Customers [Member]
Concentration Risk, Percentage							64%
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Major Customers							5
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Five Customers [Member]
Concentration Risk, Percentage							67%
Credit Concentration Risk [Member] | Accounts Receivable [Member] | Loans Insured or Guaranteed by US Government Authorities [Member]
Concentration Risk, Percentage						70%	82%
Supplier Concentration Risk [Member] | Deposits Outstanding [Member]
Number of Vendors							3
Supplier Concentration Risk [Member] | Deposits Outstanding [Member] | Three Suppliers [Member]
Concentration Risk, Percentage							89%
Fair Value, Recurring [Member]
Assets, Fair Value Disclosure			$ 0				$ 0
Liabilities, Fair Value Disclosure			$ 0				$ 0
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Note 3 - Merger (Details Textua

Note 3 - Merger (Details Textual) - USD ($)			2 Months Ended	3 Months Ended		9 Months Ended
	Mar. 15, 2021	Oct. 04, 2017	Mar. 14, 2021	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022		Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Proceeds from Issuance of Common Stock						$ 120,000	[1]	$ 22,780,188
Common Stock, Shares, Outstanding (in shares)						15,021,088	[2]		14,912,189
Assets						$ 71,723,177	[2]		$ 75,307,808
Goodwill						$ 51,775,667	[2]		51,775,667
EVTDS [Member]
Restricted Cash									$ 0	$ 1,793,910
Proceeds from Issuance of Common Stock			$ 6,415,110
Cash	$ 5,000,000
EVTDS [Member] | EVT Canada [Member]
Distribution Agreement, Term (Year)		50 years
Adomani Inc [Member]
Common Stock, Value, Outstanding	$ 53,509,522
Common Stock, Shares, Outstanding (in shares)	5,635,347
Share Price (in dollars per share)	$ 0.4749
Assets	$ 55,738,379
Adomani Inc [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	7,129,887
Business Combination, Equity Interest Issued, Percentage of Outstanding Stock	56%
Business Combination, Stock Options Assumed	$ 2,228,757
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	5,570,628
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	1,607,916
Goodwill	51,775,667
Business Combination, Acquisition Related Costs	415,472
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual					$ 151,793
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual					(144,015)
Business Acquisition, Pro Forma Revenue				$ 709,092				1,065,562
Business Acquisition, Pro Forma Net Income (Loss)				$ (850,475)				$ (5,045,988)
Adomani Inc [Member] | Sale of Vehicles [Member]
Business Acquisition, Pro Forma Revenue					319,000
Business Acquisition, Pro Forma Net Income (Loss)					(91,800)
Adomani Inc [Member] | Fully Amortize Stock-based Compensation Expense [Member]
Business Acquisition, Pro Forma Net Income (Loss)					$ (1,826,623)
Adomani Inc [Member] | Fair Value Adjustment [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	$ 26,400
[1]The Consolidated Statements of Operations for the three and nine months ended September 30, 2022 have been restated. See Note 12.[2]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Note 3 - Merger - Purchase Pric

Note 3 - Merger - Purchase Price of Assets Acquired and Liabilities Assumed (Details) - USD ($)	Sep. 30, 2022	[1]	Dec. 31, 2021	Mar. 15, 2021
Goodwill	$ 51,775,667		$ 51,775,667
Adomani Inc [Member]
Accounts receivable and other current assets				$ 1,680,926
Property and equipment				86,873
Right of use asset				369,987
Other assets				59,510
Goodwill				51,775,667
Accounts payable and accrued expenses				820,389
Lease liability				369,987
Notes payable				417,540
Purchase price, net of $3,373,332 cash acquired				$ 52,365,047
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Note 3 - Merger - Purchase Pr_2

Note 3 - Merger - Purchase Price of Assets Acquired and Liabilities Assumed (Details) (Parentheticals)	Mar. 15, 2021 USD ($)
Adomani Inc [Member]
Cash acquired	$ 3,373,332

Note 3 - Merger - Pro Forma Inf

Note 3 - Merger - Pro Forma Information (Details) - Adomani Inc [Member] - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Sales	$ 709,092	$ 1,065,562
Net income (loss)	$ (850,475)	$ (5,045,988)

Note 4 - Property and Equipme_3

Note 4 - Property and Equipment, Net (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Depreciation	$ 19,093	$ 7,655	$ 56,700	$ 43,031

Note 4 - Property and Equipme_4

Note 4 - Property and Equipment, Net - Components of Property and Equipment, Net (Details) - USD ($)	Sep. 30, 2022		Dec. 31, 2021
Total property and equipment	$ 513,108		$ 424,685
Less accumulated depreciation	(207,491)		(152,572)
Net property and equipment	305,617	[1]	272,113
Furniture and Fixtures [Member]
Total property and equipment	60,082		41,799
Leasehold Improvements [Member]
Total property and equipment	40,112		28,112
Machinery and Equipment [Member]
Total property and equipment	144,406		86,266
Vehicles [Member]
Total property and equipment	252,725		252,724
Test/Demo Vehicles [Member]
Total property and equipment	$ 15,784		$ 15,784
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Note 5 - Debt (Details Textual)

Note 5 - Debt (Details Textual) - USD ($)	Aug. 20, 2022	Jul. 15, 2022	Jun. 15, 2022	Jun. 15, 2021	Sep. 30, 2022		Aug. 04, 2022	Dec. 31, 2021
Notes Payable, Current					$ 414,444	[1]		$ 31,788
Notes Payable, Noncurrent					18,234	[1]		$ 13,245
Insurance Premium Financing Agreement With First Funding [Member]
Debt Instrument, Face Amount			$ 214,087
Debt Instrument, Term (Month)			9 months
Debt Instrument, Periodic Payment			$ 24,416
Insurance Premium Financing Agreement With First Funding 2 [Member]
Debt Instrument, Face Amount	$ 225,000
Debt Instrument, Term (Month)	9 months
Debt Instrument, Periodic Payment	$ 25,608
Centennial Bank Line of Credit [Member]
Debt Instrument, Interest Rate, Stated Percentage							2.75%
Debt Instrument, Covenant, Maximum Amount of Borrowing in Excess of Current Assets							$ 1,000,000
Long-Term Line of Credit					$ 0
Equipment Financing Agreement [Member]
Debt Instrument, Face Amount				$ 63,576
Debt Instrument, Term (Month)				24 months
Debt Instrument, Periodic Payment				$ 2,649
Facility Grounds Equipment Loans [Member]
Debt Instrument, Face Amount		$ 18,755
Debt Instrument, Term (Month)		36 months
Debt Instrument, Periodic Payment		$ 521
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.

Note 6 - Stock Warrants (Detail

Note 6 - Stock Warrants (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Apr. 26, 2022	Mar. 15, 2021
Class of Warrant or Right, Outstanding (in shares)	1,402,417		534,067
Class Of Warrant Or Right, Exercisable (in shares)			102,817
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)		958,333
Class of Warrants or Rights, Expired During Period (in shares)	27,483
Class of Warrant or Right, Intrinsic Value	$ 0

Note 6 - Stock Warrants - Summa

Note 6 - Stock Warrants - Summary of Warrants (Details) - $ / shares	9 Months Ended
	Sep. 30, 2022	Mar. 15, 2021
Number of shares (in shares)	1,402,417	534,067
Exercise price (in dollars per share)	$ 17.43
Remaining contractual life (Year)	3 years 2 months 4 days
Warrant One [Member]
Number of shares (in shares)	12,833
Exercise price (in dollars per share)	$ 75
Remaining contractual life (Year)	3 months 29 days
Warrant Two [Member]
Number of shares (in shares)	431,250
Exercise price (in dollars per share)	$ 10
Remaining contractual life (Year)	2 years 3 months 29 days
Warrant Three [Member]
Number of shares (in shares)	958,334
Exercise price (in dollars per share)	$ 20
Remaining contractual life (Year)	3 years 7 months 6 days

Note 6 - Stock Warrants - Sum_2

Note 6 - Stock Warrants - Summary of Warrants (Details) (Parentheticals)	Sep. 30, 2022
Warrant One [Member]
Maturity date	Jan. 09, 2023
Warrant Two [Member]
Maturity date	Jan. 28, 2025
Warrant Three [Member]
Maturity date	May 07, 2026

Note 7 - Stock Options (Details

Note 7 - Stock Options (Details Textual) - USD ($)				9 Months Ended
	Mar. 15, 2022	Jan. 31, 2022	Jan. 07, 2022	Sep. 30, 2022	Mar. 15, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)				604,906	649,643
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value				$ 873,288
Option at 2.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				250,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)				$ 2
Options at $2.40 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				90,893
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)				$ 2.40
Options at 3.62 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				2,762
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)				$ 3.62
Options at 9.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				1,111
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)				$ 9
Chief Executive Officer [Member] | Option at 2.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			150,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)			$ 2
Chief Executive Officer [Member] | Options at $2.40 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			50,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)			$ 2.40
Chief Executive Officer [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)			10 years
Executive Vice President [Member] | Option at 2.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			100,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)			$ 2
Executive Vice President [Member] | Options at $2.40 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			40,893
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)			$ 2.40
Executive Vice President [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)			10 years
Chief Financial Officer [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)		10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)		5 years
Chief Financial Officer [Member] | Share-Based Payment Arrangement, Option [Member] | Vesting Monthly [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage		1.67%
Chief Financial Officer [Member] | Options at 3.62 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		2,763
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)		$ 3.62
Chief Financial Officer [Member] | Options at 9.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		1,111
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)		$ 9
Former President and CEO [Member] | Options at $2.40 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	50,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 2.40
Proceeds from Stock Options Exercised	$ 120,000
Former President and CEO [Member] | Options at 9.00 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	25,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 9

Note 7 - Stock Options - Stock

Note 7 - Stock Options - Stock Options Outstanding (Details) - $ / shares			9 Months Ended	12 Months Ended
	Jan. 31, 2022	Jan. 07, 2022	Sep. 30, 2022	Dec. 31, 2021
Outstanding (in shares)			338,500
Outstanding Options, weighted average exercise price (in dollars per share)			$ 5.80
Outstanding, weighted average remaining contractual term (Year)			8 years 9 months 7 days	6 years 11 months 23 days
Exercised (in shares)	(3,874)	(340,893)	(50,000)
Exercised, weighted average exercise price (in dollars per share)			$ 2.40
Outstanding (in shares)			608,266	338,500
Outstanding Options, weighted average exercise price (in dollars per share)			$ 5.30	$ 5.80
Option at 2.00 [Member]
Outstanding, weighted average remaining contractual term (Year)			9 years 3 months 18 days
Options Granted (in shares)			250,000
Options Granted, weighted average exercise price (in dollars per share)			$ 2
Outstanding (in shares)			250,000
Outstanding Options, weighted average exercise price (in dollars per share)			$ 2
Options at $2.40 [Member]
Outstanding, weighted average remaining contractual term (Year)			9 years 3 months 18 days
Options Granted (in shares)			90,893
Options Granted, weighted average exercise price (in dollars per share)			$ 2.40
Outstanding (in shares)			90,893
Outstanding Options, weighted average exercise price (in dollars per share)			$ 2.40
Options at 3.62 [Member]
Outstanding, weighted average remaining contractual term (Year)			4 years 4 months 2 days
Options Granted (in shares)			2,762
Options Granted, weighted average exercise price (in dollars per share)			$ 3.62
Outstanding (in shares)			2,762
Outstanding Options, weighted average exercise price (in dollars per share)			$ 3.62
Options at 9.00 [Member]
Outstanding, weighted average remaining contractual term (Year)			8 years 2 months 15 days
Options Granted (in shares)			1,111
Options Granted, weighted average exercise price (in dollars per share)			$ 9
Cancelled / Forfeited (in shares)			(25,000)
Cancelled / Forfeited, weighted average exercise price (in dollars per share)			$ 9
Outstanding (in shares)			257,861
Outstanding Options, weighted average exercise price (in dollars per share)			$ 9
Options at 26.20 [Member]
Outstanding, weighted average remaining contractual term (Year)			5 years 6 months 18 days
Outstanding (in shares)			6,750
Outstanding Options, weighted average exercise price (in dollars per share)			$ 26.20

Note 8 - Related Party Transa_2

Note 8 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022		Sep. 30, 2021	Apr. 01, 2020	Jan. 01, 2020	Dec. 01, 2019
Payments to Acquire Property, Plant, and Equipment			$ 90,204	[1]	$ 27,958
Chief Executive Officer [Member] | Two Vehicles [Member]
Payments to Acquire Property, Plant, and Equipment	$ 128,000
Chief Executive Officer [Member] | Vehicles [Member] | Maximum [Member]
Related Party Transaction, Purchases from Related Party		$ 64,000
EVTDS [Member] | Vehicles [Member] | Maximum [Member]
Related Party Transaction, Purchases from Related Party		$ 83,000
SRI Services Agreement [Member] | SRI Professional Services, Incorporated [Member]
Related Party Transaction, Expected Cost			$ 26,042
S R I Equipment Leases [Member] | SRI Professional Services, Incorporated [Member]
Operating Lease Monthly Payment								$ 7,771
S R I Equipment Leases [Member] | SRI Professional Services, Incorporated [Member] | Two Vehicles [Member]
Operating Lease Monthly Payment							$ 3,880
S R I Equipment Leases [Member] | SRI Professional Services, Incorporated [Member] | Trailer [Member]
Operating Lease Monthly Payment								$ 3,891
S R I Office Lease [Member] | SRI Professional Services, Incorporated [Member]
Operating Lease Monthly Payment							$ 2,730
A B C I Office Lease [Member] | Alpha Bravo Charlie, Inc. (“ABCI”) [Member]
Operating Lease Monthly Payment						$ 2,800
[1]The Consolidated Statements of Operations for the three and nine months ended September 30, 2022 have been restated. See Note 12.

Note 9 - Commitments (Details T

Note 9 - Commitments (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 21, 2021
Chief Executive Officer [Member]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 300,000
Automobile Monthly Allowance		$ 1,500
Executive Vice President [Member]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 200,000

Note 9 - Commitments - Future M

Note 9 - Commitments - Future Minimum Payments (Details)	Sep. 30, 2022 USD ($)
Lessee, Operating Lease, Liability, to be Paid	$ 11,491
Operating lease obligations, less than one year	10,881
Operating lease obligations, year 1-3	610
Employment contracts	2,125,000
Employment contracts, less than one year	500,000
Employment contracts, year 1-3	1,500,000
Employment contracts, year 4-5	125,000
Total	2,136,491
Total, less than one year	510,881
Total, year 1-3	1,500,610
Total, year 4-5	$ 125,000

Note 10 - Contingencies (Detail

Note 10 - Contingencies (Details Textual) - Alan K. Brooks v. ADOMANI, Inc [Member] - USD ($)	Aug. 10, 2021	Jun. 19, 2019
Number of Shares Refused To Release (in shares)		1,320,359
Loss Contingency, Damages Sought, Value		$ 13,500,000
Payments for Legal Settlements	$ 197,500
Stock Issued During the Period, Value, Settlement of Litigation Claims	197,500
Cash Paid by Insurance Company	$ 170,000

Note 11 - Leases (Details Textu

Note 11 - Leases (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2022 USD ($)	Feb. 15, 2022	Feb. 04, 2020 USD ($)	Dec. 31, 2019 USD ($)	Feb. 28, 2017 USD ($)
Lessee, Operating Lease, Number of Leases	9		9
Operating Lease, Expense	$ 52,579		$ 180,746	$ 198,161
Lessee, Operating Lease, Liability, to be Paid	$ 11,491		$ 11,491
Operating Lease, Expense (Income)		$ (14,841)
Office and Warehouse Leases [Member]
Lessee, Operating Lease, Number of Leases	4		4
Equipment Leases [Member]
Lessee, Operating Lease, Number of Leases	5		5
S R I Equipment Leases [Member]
Operating Lease, Expense	$ 23,312	38,853	$ 69,936	66,055
S R I Office Lease [Member]
Operating Lease, Expense	8,190	4,550	18,200	11,270
A B C I Office Lease [Member]
Operating Lease, Expense	8,400	$ 8,400	25,200	$ 25,200
Toledo Jet Center [Member]
Operating Lease, Expense	$ 4,815		$ 12,038
Lessee, Operating Lease, Term of Contract (Year)						1 year
Lessee, Operating Lease, Renewal Term (Year)						1 year
Storage Space In Stockton California1 [Member]
Operating Lease Monthly Payment									$ 1,000
Warehouse Space In Corona California [Member]
Operating Lease Monthly Payment								$ 13,108
Lessee, Operating Lease, Liability, to be Paid								495,720
Warehouse Space In Corona California [Member] | Masters Transportation Inc1 [Member]
Operating Lease Monthly Payment							$ 6,000
Warehouse Space In Corona California [Member] | Forecast [Member]
Operating Lease Monthly Payment					$ 13,906
Warehouse Space In Corona California [Member] | Forecast [Member] | Masters Transportation Inc1 [Member]
Operating Lease Monthly Payment					$ 6,365
Warehouse Space In Corona California [Member] | Fire Sprinkler Alarm Monitoring And Landscape Maintenance [Member]
Operating Lease Monthly Payment								$ 265

Note 11 - Leases - Schedule of

Note 11 - Leases - Schedule of Information Regarding Leases (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Lease expenses
Operating lease expenses	$ 56,101	$ 122,001
Short-term lease expenses	124,645	76,160
Total lease cost	180,746	198,161
Operating cash flows	$ 56,890	$ 163,707
Operating leases (Year)	7 months 13 days	1 year 3 months 10 days
Operating leases	14%	14%

Note 12 - Restatement (Details

Note 12 - Restatement (Details Textual)	9 Months Ended
	Sep. 30, 2022 USD ($)
Amount Reclassified From Accrued Liabilities to Notes Payable, Net [Member]
Prior Period Reclassification Adjustment	$ 387,000

Note 12 - Restatement - Summary

Note 12 - Restatement - Summary of Restatement (Details) - USD ($)	3 Months Ended							9 Months Ended
	Sep. 30, 2022		Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022		Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable	$ 3,384,936	[1]						$ 3,384,936	[1]		$ 1,428,030
Inventory, net	5,954,375	[1]						5,954,375	[1]		3,850,541
Inventory deposits	4,855,049	[1]						4,855,049	[1]		4,503,079
Total current assets	19,563,519	[1]						19,563,519	[1]		23,023,389
Total assets	71,723,177	[1]						71,723,177	[1]		75,307,808
Accrued liabilities	767,026							767,026
Notes payable, net	414,444							414,444
Accumulated deficit	(13,561,572)	[1]						(13,561,572)	[1]		(8,124,360)
Total stockholders’ equity	70,361,928	[1]	$ 71,560,696	$ 72,737,278	$ 73,348,703	$ 74,035,018	$ 58,637,619	70,361,928	[1]	$ 73,348,703	73,741,864	$ (472,160)
Total liabilities and stockholders’ equity	71,723,177	[1]						71,723,177	[1]		$ 75,307,808
Sales	1,029,280	[2]			709,092			2,625,090		1,368,151
Cost of sales	677,855	[2]			469,611			1,599,290		930,977
Gross profit	351,425	[2]			239,481			1,025,800		437,174
General and administrative expenses	1,584,973	[2]			1,344,840			6,113,957		2,766,989
Income (loss) from operations	(1,352,735)	[2]			(1,142,093)			(5,465,074)		(2,471,907)
Income (loss) before income taxes	(1,323,768)	[2]			(848,075)			(5,437,212)		(2,181,364)
Net income (loss)	$ (1,323,768)	[2]	$ (1,176,582)	$ (2,936,862)	$ (850,475)	$ (893,079)	$ (658,510)	$ (5,437,212)	[2]	$ (2,402,064)
Net income (loss) per share – basic and diluted (in dollars per share)	$ (0.09)	[2]			$ (0.06)			$ (0.36)		$ (0.23)
Previously Reported [Member]
Accounts receivable	$ 7,804,369							$ 7,804,369
Inventory, net	3,603,852							3,603,852
Inventory deposits	4,812,439							4,812,439
Total current assets	21,589,819							21,589,819
Total assets	73,749,477							73,749,477
Accrued liabilities	1,154,026							1,154,026
Notes payable, net	27,444							27,444
Accumulated deficit	(11,535,272)							(11,535,272)
Total stockholders’ equity	72,388,228							72,388,228
Total liabilities and stockholders’ equity	73,749,477							73,749,477
Sales	3,882,670							7,078,870
Cost of sales	2,046,491							3,998,533
Gross profit	1,836,179							3,080,337
General and administrative expenses	1,619,210							6,142,194
Income (loss) from operations	97,782							(3,438,774)
Income (loss) before income taxes	126,749							(3,410,912)
Net income (loss)	$ 126,749							$ (3,410,912)
Net income (loss) per share – basic and diluted (in dollars per share)	$ 0.01							$ (0.23)
[1]The Consolidated Balance Sheet as of September 30, 2022 has been restated. See Note 12.[2]The Consolidated Statements of Operations for the three and nine months ended September 30, 2022 have been restated. See Note 12.

Note 13 - Subsequent Event (Det

Note 13 - Subsequent Event (Details Textual) - Forecast [Member] - Sublease of Warehouse Building in Clark Freeport Zone in Philippines [Member]	1 Months Ended
	Mar. 31, 2023 USD ($) yd²
Area of Real Estate Property (Square Foot) | yd²	3,600
Lessor, Operating Lease, Grace Period (Month)	2 months
Lessor, Operating Lease, Monthly Rent, First Year	$ 15,000
Lessor, Operating Lease, Monthly Rent, Year Two	15,750
Lessor, Operating Lease, Monthly Rent, Remaining Term	$ 16,530