|
Workhorse Group Inc.
Consolidated Statements of Operations | |||||||
| Years Ended December 31, | |||||||
| 2022 | 2021 | ||||||
| Sales, net of returns and allowances | $ | 5,023,072 | $ | (851,922 | ) | ||
| Cost of sales | 37,672,308 | 132,492,110 | |||||
| Gross loss | (32,649,236 | ) | (133,344,032 | ) | |||
| Operating expenses | |||||||
| Selling, general and administrative | 73,220,088 | 40,160,795 | |||||
| Research and development | 23,213,540 | 11,610,027 | |||||
| Total operating expenses | 96,433,628 | 51,770,822 | |||||
| Loss from operations | (129,082,864 | ) | (185,114,854 | ) | |||
| Interest expense, net | 1,837,882 | 12,644,164 | |||||
| Other income (loss) | 13,646,528 | (225,432,884 | ) | ||||
| (Loss) income before (benefit) provision for income taxes | (117,274,218 | ) | (423,191,902 | ) | |||
| (Benefit) provision for income taxes | — | (21,847,089 | ) | ||||
| Net (loss) income | $ | (117,274,218 | ) | $ | (401,344,813 | ) | |
| Net (loss) income attributable to common stockholders per share - basic | $ | (0.74 | ) | $ | (3.12 | ) | |
| Net (loss) income attributable to common stockholders per share - diluted | $ | (0.74 | ) | $ | (3.12 | ) | |
| Weighted average number of common shares outstanding - basic | 158,576,305 | 128,676,131 | |||||
| Weighted average number of common shares outstanding - diluted | 158,576,305 | 128,676,131 | |||||
