Envirotech Vehicles (EVTV) 10-Q 16 Oct 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Oct. 16, 2023
Document Information [Line Items]
Entity Central Index Key	0001563568
Entity Registrant Name	Envirotech Vehicles, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,106,088

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 833,282	$ 2,765,068
Restricted cash	0	60,399
Marketable securities	1,013,044	2,336,402
Accounts receivable, net of allowance of $271,218 and $271,218, respectively	2,733,719	2,073,691
Inventory, net	6,938,250	5,671,326
Inventory deposits	3,058,479	4,829,933
Prepaid expenses	89,221	445,963
Other current assets	162,695	156,457
Total current assets	14,828,690	18,339,239
Property and equipment, net	390,463	368,461
Goodwill	14,682,620	14,682,620
Other non-current assets	138,369	93,369
Total assets	30,040,142	33,483,689
Current liabilities:
Accounts payable	966,433	603,744
Accrued liabilities	388,038	652,528
Notes payable - current	6,252	215,766
Total current liabilities	1,360,723	1,472,038
Long-term liabilities
Notes payable - long-term	14,066	16,671
Total liabilities	1,374,789	1,488,709
Stockholders’ equity (deficit):
Preferred stock, 5,000,000 authorized, $0.00001 par value per share, none issued and outstanding as of June 30, 2023, and December 31, 2022	0	0
Common stock, 350,000,000 authorized, $0.00001 par value per share, 15,021,088 and 15,021,088 Issued and outstanding as of June 30, 2023, and December 31, 2022, respectively	150	150
Additional paid-in capital	84,115,660	83,923,350
Accumulated deficit	(55,450,457)	(51,928,520)
Total stockholders’ equity	28,665,353	31,994,980
Total liabilities and stockholders’ equity	$ 30,040,142	$ 33,483,689

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Allowance	$ 271,218	$ 271,218
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	15,021,088
Common stock, shares outstanding (in shares)	15,021,088	15,021,088

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Sales	$ 2,132,880	$ 1,505,910	$ 2,656,079	$ 1,595,810
Cost of sales	1,253,886	845,008	1,658,722	921,435
Gross profit	878,994	660,902	997,357	674,375
Operating expenses
General and administrative	2,041,146	1,646,136	4,206,678	4,528,984
Consulting	46,433	99,518	221,242	170,318
Research and development	57,924	87,412	128,812	87,412
Total operating expenses, net	2,145,503	1,833,066	4,556,732	4,786,714
Income (loss) from operations	(1,266,509)	(1,172,164)	(3,559,375)	(4,112,339)
Other income (expense):
Interest income, net	13,949	(4,516)	46,102	7,756
Other (expense)/income	(1,469)	98	(8,664)	(8,861)
Total other income/(expense)	12,480	(4,418)	37,438	(1,105)
Income (loss) before income taxes	(1,254,029)	(1,176,582)	(3,521,937)	(4,113,444)
Income tax expense	0	0	0	0
Net income (loss)	$ (1,254,029)	$ (1,176,582)	$ (3,521,937)	$ (4,113,444)
Net income (loss) per share to common stockholders:
Basic and diluted (in dollars per share)	$ (0.08)	$ (0.08)	$ (0.23)	$ (0.27)
Weighted shares used in the computation of net income (loss) per share:
Basic and diluted (in shares)	15,021,088	14,996,631	15,021,088	14,961,938

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2021	14,912,178
Balance at Dec. 31, 2021	$ 149	$ 81,866,075	$ (8,124,360)	$ 73,741,864
Stock based compensation	0	1,614,845	0	1,614,845
Net loss	$ 0	0	(2,936,862)	(2,936,862)
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)	38,495
Common stock issued for lawsuit settlement	$ 0	197,431	0	197,431
Balance (in shares) at Mar. 31, 2022	15,000,673
Balance at Mar. 31, 2022	$ 150	83,798,350	(11,061,222)	72,737,278
Balance (in shares) at Dec. 31, 2021	14,912,178
Balance at Dec. 31, 2021	$ 149	81,866,075	(8,124,360)	73,741,864
Net loss				(4,113,444)
Balance (in shares) at Jun. 30, 2022	15,000,673
Balance at Jun. 30, 2022	$ 150	83,798,350	(12,237,804)	71,560,696
Balance (in shares) at Mar. 31, 2022	15,000,673
Balance 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 (in shares) at Jun. 30, 2022	15,000,673
Balance at Jun. 30, 2022	$ 150	83,798,350	(12,237,804)	71,560,696
Balance (in shares) at Dec. 31, 2022	15,021,088
Balance at Dec. 31, 2022	$ 150	83,923,350	(51,928,520)	31,994,980
Stock based compensation	0	87,144	0	87,144
Net loss	$ 0	0	(2,267,908)	(2,267,908)
Balance (in shares) at Mar. 31, 2023	15,021,088
Balance at Mar. 31, 2023	$ 150	84,010,494	(54,196,428)	29,814,216
Balance (in shares) at Dec. 31, 2022	15,021,088
Balance at Dec. 31, 2022	$ 150	83,923,350	(51,928,520)	31,994,980
Net loss				(3,521,937)
Balance (in shares) at Jun. 30, 2023	15,021,088
Balance at Jun. 30, 2023	$ 150	84,115,660	(55,450,457)	28,665,353
Balance (in shares) at Mar. 31, 2023	15,021,088
Balance at Mar. 31, 2023	$ 150	84,010,494	(54,196,428)	29,814,216
Stock based compensation	0	105,166	0	105,166
Net loss	$ 0	0	(1,254,029)	(1,254,029)
Balance (in shares) at Jun. 30, 2023	15,021,088
Balance at Jun. 30, 2023	$ 150	$ 84,115,660	$ (55,450,457)	$ 28,665,353

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net loss	$ (3,521,937)	$ (4,113,444)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	59,545	37,608
Unrealized loss on marketable securities	8,664	4,137
Stock based compensation expense	192,310	1,614,845
Changes in assets and liabilities:
Accounts receivable	(660,028)	(1,507,435)
Inventory	(1,266,924)	(2,728,452)
Inventory deposits	1,771,454	(68,646)
Prepaid expenses	356,742	60,246
Other assets	(66,143)	158,270
Accounts payable	317,469	28,023
Accrued liabilities	(264,486)	(331,464)
Other liabilities	0	219,924
Net cash used in operating activities	(3,073,334)	(6,626,388)
Cash flows from investing activities:
Purchase of property and equipment, net	(36,331)	(52,471)
Investment in marketable securities	0	(2,003,909)
Sale of marketable securities	1,329,599	8,000,000
Net cash provided by investing activities	1,293,268	5,943,620
Cash flows from financing activities:
Proceeds from issuance of common stock	0	120,000
Principal repayments on debt	(212,119)	(13,245)
Net cash (used in) provided by financing activities	(212,119)	106,755
Net change in cash, restricted cash and cash equivalents	(1,992,185)	(576,013)
Cash, restricted cash and cash equivalents at the beginning of the period	2,825,467	4,906,525
Cash, restricted cash and cash equivalents at the end of the period	833,282	4,330,512
Supplemental cash flow disclosures:
Cash paid for interest expense	0	1,227
Non-cash common stock lawsuit settlement, reverse stock split rounding	$ 0	$ 199,162

Note 1 - Organization and Opera

Note 1 - Organization and Operations	6 Months Ended
	Jun. 30, 2023
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 February 22, 2022, On June 28, 2022, 1 no 10

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Basis of Presentation June 30, 2023 three six June 30, 2023 December 31, 2022 2021 10 September 25, 2023. three six June 30, 2023 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, June 30, 2023 ten three June 30, 2023. six June 30, 2023. 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. Cash and Cash Equivalents three June 30, 2023 December 31, 2022 Marketable Securities not June 30, 2023 June 30, 2023 1 90 December 31, 2022 Accounts Receivable and Allowance for Doubtful Accounts not June 30, 2023 December 31, 2022 may two nine not June 30, 2023 Inventory and Inventory Valuation Allowance not June 30, 2023 three not June 30, 2023 June 30, 2023 December 31, 2022 Inventory Deposits June 30, 2023 December 31, 2022 June 30, 2023 Income Taxes Accounting for Uncertainty in Income Taxes June 30, 2023 December 31, 2022 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 June 30, 2023 Concentration of Credit Risk $250,000 may Impairment of Long-Lived Assets may not June 30, 2023 December 31, 2022 Goodwill not not first not not not one June 30, 2023, not December 31, 2022 Research and Development three six June 30, 2023 three six June 30, 2022, Stock-Based Compensation 718, three six June 30, 2023, three six June 20, 2022, Property and Equipment three five $2,000. Leases 842. Recent Accounting Pronouncements not not

Note 3 - Property and Equipment

Note 3 - Property and Equipment, Net	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	3. Property and Equipment, Net Components of property and equipment, net, consist of the following as of June 30, 2023 December 31, 2022 June 30, December 31, 2023 2022 Furniture and fixtures $ 56,646 $ 56,646 Leasehold improvements 136,847 122,711 Machinery & equipment 173,049 165,753 Vehicles 297,940 252,724 Test/Demo vehicles 30,684 15,784 Total property and equipment 695,166 613,618 Less accumulated depreciation (304,703 ) (245,157 ) Net property and equipment $ 390,463 $ 368,461 Depreciation expense was $30,561 and $59,545 for the three six June 30, 2023, three six June 30, 2022,

Note 4 - Debt

Note 4 - Debt	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	4. Debt On June 15, 2021, twenty-four July 2021, zero June 30, 2023. On July 15, 2022, August 2022, June 30, 2023. Effective June 15, 2022, nine July 2022, zero June 30, 2023. Effective August 20, 2022, second nine September 2022, zero June 30, 2023. Effective August 4, 2022, no may may not June 30, 2023 no

Note 5 - Stock Warrants

Note 5 - Stock Warrants	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Warrants [Text Block]	5. Stock Warrants The Company’s outstanding warrants as of June 30, 2023 Number of Exercise Remaining Shares Price Contractual Life (years) Outstanding warrants expiring January 28, 2025 431,250 $ 10.00 1.58 Outstanding warrants expiring May 7, 2026 958,334 $ 20.00 2.85 Outstanding warrants on June 30, 2023 1,389,584 $ 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 first 2023. As of June 30, 2023

Note 6 - Stock Options and Rest

Note 6 - Stock Options and Restricted Shares	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	6. Stock Options and Restricted Shares The outstanding options at June 30, 2023 Weighted Average Remaining Number of Exercise Contractual Life Shares Price (years) Outstanding at December 31, 2022 608,266 $ 5.30 8.77 Options granted during 6 months ended June 30, 2023: Options Granted at $2.65 Exercise Price 15,000 $ 2.65 Subtotal, as follows: 623,266 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 options at $2.65 Exercise Price 15,000 $ 2.65 9.79 Outstanding at June 30, 2023 623,266 $ 5.24 8.80 The number of options exercisable on June 30, 2023 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. On April 19, 2023 two three As of June 30, 2023 Restricted Shares During the first 2023, six three six June 30, 2023. third 2023.

Note 7 - Related Party Transact

Note 7 - Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	7. Related Party Transactions The Company has entered into lease agreements with SRI Professional Services, Incorporated (“SRI”), pursuant to which the Company leases equipment used in connection with the operation of its business (the “SRI Equipment Leases”). Phillip W. Oldridge, the Company’s Chief Executive Officer and Chairman of the Board, and a member of its board of directors, serves as an executive officer and a member of the board of directors of SRI. The SRI Equipment Leases provide for the leasing of two January 1, 2020 December 1, 2019, three six June 30, 2023, The Company 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. three six June 30, 2023, second 2023. 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, three six June 30, 2023, During the first 2023, During the second 2023,

Note 8 - Commitments

Note 8 - Commitments	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments Disclosure [Text Block]	8. Commitments Other Agreements On December 31, 2021, March 1, 2021, five one twelve January 1, 2022, one no Future minimum payments under operating leases are not

Note 9 - Contingencies

Note 9 - Contingencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	9. Contingencies Except as set forth below, we know of no no GreenPower Litigation On December 17, 2019, No. 1914285, On or about July 18, 2021, No. S207532. 42 not On February 8, 2022, No. 5:22 00252 May 10, 2022, not Mollik Litigation - Resolved On August 23, 2018, No. 1817493, two June 2017. June 2017 12 2 15 On June 19, 2023, July 18, 2023, No September 30, 2023, Brooks Litigation On June 19, 2019, No. 1 349153 two June 2017, September 20, 2019, first five 25401, March 7, 2022,

Note 10 - Leases

Note 10 - Leases	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	10. Leases As of December 31, 2022, eight three 842. one 842, June 30, 2023 The Company has entered into the SRI Equipment Leases. Rent expense under the SRI Equipment Leases was $23,312 and $46,624 for the three six June 30, 2023, three six June 30, 2022, The Company has entered into the SRI Office Lease. Rent expense under the SRI Office Lease was $2,730 and $8,190 for the three six June 30, 2023, three six June 30, 2022, The Company has entered into the ABCI Office Lease. Rent expense under the ABCI Office Leases was $17,800 and $38,400 for the three six June 30, 2023, three six June 30, 2022, 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 six June 30, 2023 three six June 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, As required by ASC 842, March 31, 2022, April 1, 2022 In March 2023, two two July 1, 2023 ( September 1, 2023. two first second may The Company’s total net rent expense for the three six June 30, 2023 three six June 30, 2022 Quantitative information regarding the Company’s leases is as follows: Six Months Ended June 30, 2023 2022 Lease expenses Operating lease expenses $ — $ 50,371 Short-term lease expenses 117,540 77,796 Total lease cost $ 117,540 $ 128,167 Other information Cash paid for the amounts included in the measurement of lease liabilities for operating leases: Operating cash flows $ — $ 51,160 Weighted-average remaining lease term (in years): Operating leases — 0.80 Weighted-average discount rate: Operating leases — % 14 %

Note 11 - Subsequent Events

Note 11 - Subsequent Events	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	11. Subsequent Events The Company evaluates subsequent events that have occurred after the balance sheet date but before the consolidated financial statements are issued. There are two 1 2 not no June 30, 2023

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation June 30, 2023 three six June 30, 2023 December 31, 2022 2021 10 September 25, 2023. three six June 30, 2023 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, June 30, 2023 ten three June 30, 2023. six June 30, 2023. 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.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents three June 30, 2023 December 31, 2022
Marketable Securities, Policy [Policy Text Block]	Marketable Securities not June 30, 2023 June 30, 2023 1 90 December 31, 2022
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable and Allowance for Doubtful Accounts not June 30, 2023 December 31, 2022 may two nine not June 30, 2023
Inventory, Policy [Policy Text Block]	Inventory and Inventory Valuation Allowance not June 30, 2023 three not June 30, 2023 June 30, 2023 December 31, 2022
Inventory Deposits [Policy Text Block]	Inventory Deposits June 30, 2023 December 31, 2022 June 30, 2023
Income Tax, Policy [Policy Text Block]	Income Taxes
Income Tax Uncertainties, Policy [Policy Text Block]	Accounting for Uncertainty in Income Taxes June 30, 2023 December 31, 2022 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 June 30, 2023
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk $250,000 may
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets may not June 30, 2023 December 31, 2022
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill not not first not not not one June 30, 2023, not December 31, 2022
Research and Development Expense, Policy [Policy Text Block]	Research and Development three six June 30, 2023 three six June 30, 2022,
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation 718, three six June 30, 2023, three six June 20, 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 - Property and Equipme_2

Note 3 - Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2023 2022 Furniture and fixtures $ 56,646 $ 56,646 Leasehold improvements 136,847 122,711 Machinery & equipment 173,049 165,753 Vehicles 297,940 252,724 Test/Demo vehicles 30,684 15,784 Total property and equipment 695,166 613,618 Less accumulated depreciation (304,703 ) (245,157 ) Net property and equipment $ 390,463 $ 368,461

Note 5 - Stock Warrants (Tables

Note 5 - Stock Warrants (Tables)	6 Months Ended
	Jun. 30, 2023
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 28, 2025 431,250 $ 10.00 1.58 Outstanding warrants expiring May 7, 2026 958,334 $ 20.00 2.85 Outstanding warrants on June 30, 2023 1,389,584 $ 17.43 3.18

Note 6 - Stock Options and Re_2

Note 6 - Stock Options and Restricted Shares (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2022 608,266 $ 5.30 8.77 Options granted during 6 months ended June 30, 2023: Options Granted at $2.65 Exercise Price 15,000 $ 2.65 Subtotal, as follows: 623,266 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 options at $2.65 Exercise Price 15,000 $ 2.65 9.79 Outstanding at June 30, 2023 623,266 $ 5.24 8.80

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Lease, Cost [Table Text Block]	Six Months Ended June 30, 2023 2022 Lease expenses Operating lease expenses $ — $ 50,371 Short-term lease expenses 117,540 77,796 Total lease cost $ 117,540 $ 128,167 Other information Cash paid for the amounts included in the measurement of lease liabilities for operating leases: Operating cash flows $ — $ 51,160 Weighted-average remaining lease term (in years): Operating leases — 0.80 Weighted-average discount rate: Operating leases — % 14 %

Note 1 - Organization and Ope_2

Note 1 - Organization and Operations (Details Textual)	Jun. 28, 2022 $ / shares	Jun. 30, 2023 $ / shares	Dec. 31, 2022 $ / shares	Feb. 22, 2022 ft²
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.00001	$ 0.00001	$ 0.00001
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	20
Facility in Osceola, Arkansas [Member]
Area of Real Estate Property (Square Foot) | ft²				580,000

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) shares
Restricted Cash, Current	$ 0		$ 0		$ 60,399
Marketable Securities	1,013,044		1,013,044		2,336,402
Accounts Receivable, before Allowance for Credit Loss, Current	3,004,937		3,004,937		2,344,909
Accounts Receivable, Allowance for Credit Loss, Current	271,218		271,218		271,218
Accounts Receivable, after Allowance for Credit Loss, Current	2,733,719		2,733,719		2,073,691
Inventory, Finished Goods, Gross	6,950,679		6,950,679		5,683,755
Inventory Valuation Reserves					12,429
Inventory, Net	6,938,250		6,938,250		5,671,326
Inventory Deposits	$ 3,058,479		$ 3,058,479		$ 4,829,933
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares) | shares	623,266		623,266		608,266
Class of Warrant or Right, Outstanding (in shares) | shares	1,389,584		1,389,584
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
Impairment, Long-Lived Asset, Held-for-Use			$ 0
Number of Reporting Units			1
Goodwill	14,682,620		$ 14,682,620		$ 14,682,620
Research and Development Expense	57,924	$ 87,412	128,812	$ 87,412
Share-Based Payment Arrangement, Expense	105,166	$ 0	192,310	$ 1,614,845
Adomani Inc [Member]
Goodwill	14,682,620		14,682,620		14,682,620
Goodwill, Impairment Loss					$ 37,093,047
Three Vehicles [Member]
Inventory Valuation Reserves	$ 12,429		$ 12,429
Minimum [Member]
Investment, Maturity Period (Day)			154 days
Property, Plant and Equipment, Useful Life (Year)	3 years		3 years
Maximum [Member]
Investment, Maturity Period (Day)			199 days
Property, Plant and Equipment, Useful Life (Year)	5 years		5 years
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers			10
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Ten Customers [Member]
Concentration Risk, Percentage			87%
Customer Concentration Risk [Member] | Revenue Benchmark [Member]
Number of Major Customers	4		6
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Four Customers [Member]
Concentration Risk, Percentage	65%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Six Customers [Member]
Concentration Risk, Percentage			65%
Supplier Concentration Risk [Member] | Deposits Outstanding [Member]
Number of Vendors			1
Supplier Concentration Risk [Member] | Deposits Outstanding [Member] | Three Suppliers [Member]
Concentration Risk, Percentage			98%
Fair Value, Recurring [Member]
Assets, Fair Value Disclosure	$ 0		$ 0
Liabilities, Fair Value Disclosure	$ 0		$ 0

Note 3 - Property and Equipme_3

Note 3 - Property and Equipment, Net (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Depreciation	$ 30,561	$ 18,948	$ 59,545	$ 27,380

Note 3 - Property and Equipme_4

Note 3 - Property and Equipment, Net - Components of Property and Equipment, Net (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Total property and equipment	$ 695,166	$ 613,618
Less accumulated depreciation	(304,703)	(245,157)
Net property and equipment	390,463	368,461
Furniture and Fixtures [Member]
Total property and equipment	56,646	56,646
Leasehold Improvements [Member]
Total property and equipment	136,847	122,711
Machinery and Equipment [Member]
Total property and equipment	173,049	165,753
Vehicles [Member]
Total property and equipment	297,940	252,724
Test/Demo Vehicles [Member]
Total property and equipment	$ 30,684	$ 15,784

Note 4 - Debt (Details Textual)

Note 4 - Debt (Details Textual) - USD ($)	Aug. 20, 2022	Jul. 15, 2022	Jun. 15, 2022	Jun. 15, 2021	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Aug. 04, 2022
Notes Payable, Current					$ 6,252		$ 215,766
Notes Payable, Noncurrent					14,066		$ 16,671
Second Premium Financing Agreement [Member]
Debt Instrument, Face Amount	$ 214,088
Debt Instrument, Term (Month)	9 months
Debt Instrument, Periodic Payment	$ 24,416
Notes Payable, Current					0
Debt Instrument, Interest Rate, Stated Percentage	6.30%
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
Line of Credit, Current					0
Facility Grounds Equipment Loans [Member]
Debt Instrument, Face Amount		$ 18,755
Debt Instrument, Term (Month)		36 months
Debt Instrument, Periodic Payment		$ 521
Notes Payable					21,360
Notes Payable, Current					6,252
Notes Payable, Noncurrent					14,066
First Insurance Funding [Member] | Premium Financing Agreement [Member]
Debt Instrument, Face Amount			$ 225,000
Debt Instrument, Periodic Payment			$ 25,608
Notes Payable					$ 0
Debt Instrument, Interest Rate, Stated Percentage			5.80%

Note 5 - Stock Warrants (Detail

Note 5 - Stock Warrants (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) shares
Class of Warrants or Rights, Expired During Period (in shares) | shares	12,833
Class of Warrant or Right, Intrinsic Value | $	$ 0

Note 5 - Stock Warrants - Summa

Note 5 - Stock Warrants - Summary of Warrants (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Number of shares (in shares) | shares	1,389,584
Exercise price (in dollars per share) | $ / shares	$ 17.43
Remaining contractual life (Year)	3 years 2 months 4 days
Warrant One [Member]
Number of shares (in shares) | shares	431,250
Exercise price (in dollars per share) | $ / shares	$ 10
Remaining contractual life (Year)	1 year 6 months 29 days
Warrant Two [Member]
Number of shares (in shares) | shares	958,334
Exercise price (in dollars per share) | $ / shares	$ 20
Remaining contractual life (Year)	2 years 10 months 6 days

Note 6 - Stock Options and Re_3

Note 6 - Stock Options and Restricted Shares (Details Textual) - USD ($)					3 Months Ended			6 Months Ended
	Apr. 19, 2023	Mar. 15, 2022	Jan. 31, 2022	Jan. 07, 2022	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number (in shares)					606,130			606,130
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value					$ 25,000			$ 25,000
Share-Based Payment Arrangement, Expense					105,166		$ 0	192,310	$ 1,614,845
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)						6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)						85,000
Share-Based Payment Arrangement, Expense					$ 102,991			$ 190,135
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
Two Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	15,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 2.65
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years

Note 6 - Stock Options and Re_4

Note 6 - Stock Options and Restricted Shares - Stock Options Outstanding (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Outstanding (in shares)	623,266	608,266
Outstanding Options, weighted average exercise price (in dollars per share)	$ 5.24	$ 5.30
Outstanding, weighted average remaining contractual term (Year)	8 years 9 months 18 days	8 years 9 months 7 days
Option at $2.65 [Member]
Outstanding (in shares)	15,000
Outstanding Options, weighted average exercise price (in dollars per share)	$ 2.65
Outstanding, weighted average remaining contractual term (Year)	9 years 9 months 14 days
Options Granted at $2.65 Exercise Price (in shares)	15,000
Options Granted at $2.65 Exercise Price (in dollars per share)	$ 2.65
Subtotal as Follows [Member]
Outstanding (in shares)	623,266
Option at 2.00 [Member]
Outstanding (in shares)	250,000
Outstanding Options, weighted average exercise price (in dollars per share)	$ 2
Outstanding, weighted average remaining contractual term (Year)	9 years 3 months 18 days
Options at $2.40 [Member]
Outstanding (in shares)	90,893
Outstanding Options, weighted average exercise price (in dollars per share)	$ 2.40
Outstanding, weighted average remaining contractual term (Year)	9 years 3 months 18 days
Options at 3.62 [Member]
Outstanding (in shares)	2,762
Outstanding Options, weighted average exercise price (in dollars per share)	$ 3.62
Outstanding, weighted average remaining contractual term (Year)	4 years 4 months 2 days
Options at 9.00 [Member]
Outstanding (in shares)	257,861
Outstanding Options, weighted average exercise price (in dollars per share)	$ 9
Outstanding, weighted average remaining contractual term (Year)	8 years 2 months 15 days
Options at 26.20 [Member]
Outstanding (in shares)	6,750
Outstanding Options, weighted average exercise price (in dollars per share)	$ 26.20
Outstanding, weighted average remaining contractual term (Year)	5 years 6 months 18 days

Note 7 - Related Party Transa_2

Note 7 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Apr. 01, 2020	Jan. 01, 2020	Dec. 01, 2019
Operating Lease, Expense	$ 59,277	$ 55,118	$ 117,540	$ 128,167
Payments to Acquire Property, Plant, and Equipment			36,331	$ 52,471
Vehicles [Member] | Chief Executive Officer [Member]
Payments to Acquire Property, Plant, and Equipment	45,216
S R I Equipment Leases [Member]
Operating Lease, Expense	23,312		46,624
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]
Operating Lease, Expense	2,730		8,190
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					$ 5,000
Operating Lease, Expense	$ 17,800		38,400
Use of Personal Airplane [Member] | Chief Executive Officer [Member]
Operating Lease, Expense			$ 81,269

Note 8 - Commitments (Details T

Note 8 - 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 - Contingencies (Details

Note 9 - Contingencies (Details Textual) - Alan K. Brooks v. ADOMANI, Inc [Member]	Jun. 19, 2019 USD ($) shares
Number of Shares Refused To Release (in shares) | shares	1,320,359
Loss Contingency, Damages Sought, Value | $	$ 13,500,000

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual)	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2023 USD ($) yd²	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 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						8
Operating Lease, Expense		$ 59,277	$ 55,118	$ 117,540	$ 128,167
Equipment Leases [Member]
Lessee, Operating Lease, Number of Leases						3
S R I Equipment Leases [Member]
Operating Lease, Expense		23,312	23,312	46,624	46,624
S R I Office Lease [Member]
Operating Lease, Expense		2,730	7,280	8,190	10,010
A B C I Office Lease [Member]
Operating Lease, Expense		17,800	8,400	38,400	16,800
Toledo Jet Center [Member]
Operating Lease, Expense		$ 4,500	$ 4,815	$ 9,000	$ 7,223
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						$ 13,906			$ 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						$ 6,365		$ 6,000
Warehouse Space In Corona California [Member] | Fire Sprinkler Alarm Monitoring And Landscape Maintenance [Member]
Operating Lease Monthly Payment									$ 265
Sublease of Warehouse Building in Clark Freeport Zone in Philippines [Member]
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

Note 10 - Leases - Schedule of

Note 10 - Leases - Schedule of Information Regarding Leases (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Lease expenses
Operating lease expenses	$ 0	$ 50,371
Short-term lease expenses	117,540	77,796
Total lease cost	117,540	128,167
Operating cash flows	$ 0	$ 51,160
Operating leases (Year)		9 months 18 days
Operating leases	0%	14%