Arcimoto, Inc. (FUV) financial statements (2022 and earlier)

Company profile

Business Address 2034 WEST 2ND AVENUE
EUGENE, OR 97402
State of Incorp. OR
Fiscal Year End December 31
SIC 3751 - Motorcycles, Bicycles, and Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,97139,4516,0824,9037,824
Cash and cash equivalents16,97139,4515,8324,9037,824
Short-term investments  250  
Receivables317244 1
Inventory, net of allowances, customer advances and progress billings7,8565,1043,7341,704195
Inventory7,8565,1043,7341,704195
Deferred costs24    
Other current assets2,4409016651,627401
Other undisclosed current assets2,7391,030945 6,247
Total current assets:30,03346,50311,6718,23314,667
Noncurrent Assets
Property, plant and equipment24,3396,6454,7335,8102,434
Intangible assets, net (including goodwill)9,886    
Intangible assets, net (excluding goodwill)9,886    
Deposits noncurrent assets1171024242 
Deferred costs24    
Total noncurrent assets:34,3666,7474,7755,8522,434
TOTAL ASSETS:64,39953,25016,44614,08517,101
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3686361,156964920
Accounts payable2,016205340717664
Accrued liabilities2,352431816246256
Deferred revenue11112731
Debt4936583,0323,061 
Due to related parties  1,151  
Customer refund liability817    
Customer advances and deposits400
Other undisclosed current liabilities2,8251,4932,155455 
Total current liabilities:8,6142,9147,5254,4791,319
Noncurrent Liabilities
Long-term debt and lease obligation 648 1,514 
Long-term debt, excluding current maturities 648   
Capital lease obligations1,514 
Liabilities, other than long-term debt95086  
Deferred revenue95086
Other undisclosed noncurrent liabilities2,2281,9541,22525 
Total noncurrent liabilities:2,2372,6521,3101,539 
Total liabilities:10,8515,5668,8366,0181,319
Stockholders' equity
Stockholders' equity attributable to parent53,54847,6847,6108,06715,782
Common stock150,503100,23643,57430,10327,178
Additional paid in capital7,0383,8772,345931519
Accumulated deficit(103,992)(56,429)(38,308)(22,966)(11,915)
Total stockholders' equity:53,54847,6847,6108,06715,782
TOTAL LIABILITIES AND EQUITY:64,39953,25016,44614,08517,101

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,3862,17698895127
Revenue, net127
Cost of revenue
(Cost of Goods and Services Sold)
 (8,251)(2,911)(128)(78)
Other undisclosed gross profit(17,149)    
Gross profit:(12,763)(6,075)(1,924)(33)49
Operating expenses(38,879)(11,341)(12,532)(10,989)(3,343)
Operating loss:(51,642)(17,416)(14,455)(11,022)(3,294)
Nonoperating income (expense)(1,144)1657213
Investment income, nonoperating(282)    
Other nonoperating income    13
Interest and debt expense (721)(892)(101)(34)
Loss from continuing operations before income taxes:(52,785)(18,121)(15,342)(11,051)(3,315)
Income tax benefit2,934    
Loss before gain (loss) on sale of properties:(49,851)(18,121)(15,342)(11,051)(3,315)
Other undisclosed net income2,288    
Net loss:(47,564)(18,121)(15,342)(11,051)(3,315)
Other undisclosed net income attributable to parent 0   
Net loss available to common stockholders, diluted:(47,564)(18,120)(15,342)(11,051)(3,315)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(47,564)(18,121)(15,342)(11,051)(3,315)
Comprehensive loss, net of tax, attributable to parent:(47,564)(18,121)(15,342)(11,051)(3,315)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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