WORKHORSE GROUP INC.: 10-Q filed 2016-08-15

Name: WORKHORSE GROUP INC.: 10-Q filed 2016-08-15
Creator: WORKHORSE GROUP INC.

What WORKHORSE GROUP INC. reported in its quarterly report filed 2016-08-15 (fiscal Q2 2016): 30 published measures, 70 facts as tagged in accession 0001213900-16-016030.

This filing

Form: 10-Q (quarterly report)
Filed: 2016-08-15
Fiscal period: fiscal Q2 2016
Accession: 0001213900-16-016030 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All WORKHORSE GROUP INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2016-06-30	10,336,822	USD
At 2015-12-31	14,641,728	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2016-06-30	6,849,006	USD
At 2015-12-31	-3,783,135	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2016-06-30	3,662,162	USD
At 2015-12-31	7,677,163	USD
At 2015-06-30	160,931	USD
At 2014-12-31	442,257	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-2,935,830	USD	91
2016-01-01 to 2016-06-30	-7,315,842	USD	182
2015-04-01 to 2015-06-30	-1,881,292	USD	91
2015-01-01 to 2015-06-30	-3,940,651	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	90,665	USD	182
2015-01-01 to 2015-06-30	35,530	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2016-06-30	-50,833,187	USD
At 2015-12-31	-43,517,345	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2016-06-30	3,636,998	USD
At 2015-12-31	3,736,359	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	341,210	USD	182
2015-01-01 to 2015-06-30	165,922	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2016-06-30	6,699,824	USD
At 2015-12-31	10,905,369	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	567	USD	91
2016-01-01 to 2016-06-30	40,270	USD	182
2015-04-01 to 2015-06-30	108,227	USD	91
2015-01-01 to 2015-06-30	252,205	USD	181

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2016-06-30	3,487,816	USD
At 2015-12-31	18,424,863	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2016-06-30	1,490,865	USD
At 2015-12-31	1,606,695	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2016-06-30	476,100	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	1,875,188	USD	91
2016-01-01 to 2016-06-30	5,987,120	USD	182
2015-04-01 to 2015-06-30	1,841,045	USD	91
2015-01-01 to 2015-06-30	3,756,426	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2016-06-30	1,863,213	USD
At 2015-12-31	78,917	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	-1,060,075	USD	91
2016-01-01 to 2016-06-30	-1,288,452	USD	182
2015-04-01 to 2015-06-30	67,980	USD	91
2015-01-01 to 2015-06-30	67,980	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	2,294,675	USD	91
2016-01-01 to 2016-06-30	2,759,052	USD	182

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	1,617,036	USD	91
2016-01-01 to 2016-06-30	2,788,028	USD	182
2015-04-01 to 2015-06-30	968,811	USD	91
2015-01-01 to 2015-06-30	2,037,058	USD	181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2016-04-01 to 2016-06-30	258,152	USD	91
2016-01-01 to 2016-06-30	3,199,092	USD	182
2015-04-01 to 2015-06-30	872,234	USD	91
2015-01-01 to 2015-06-30	1,719,368	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2016-06-30	24,235,509	shares
At 2015-12-31	18,204,923	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2016-06-30	51,555,885	USD
At 2015-12-31	33,557,615	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2016-06-30	50,000	USD
At 2015-12-31	2,772,500	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2016-06-30	5,161,083	USD
At 2015-12-31	5,070,418	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2016-06-30	1,524,085	USD
At 2015-12-31	1,334,059	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2016-06-30	698,349	USD
At 2015-12-31	3,149,289	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2016-06-30	13,900,000	USD

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	190,026	USD	182
2015-01-01 to 2015-06-30	187,802	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	476,100	USD	182

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	1,863,213	USD	182

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2016-01-01 to 2016-06-30	-3,343	USD	182
2015-01-01 to 2015-06-30	214,105	USD	181

Inspect the source

Entity: WORKHORSE GROUP INC. / CIK 0001425287
Captured: 2026-09-20T08:03:47.736Z
SEC response SHA-256: 50dc0df726bf12c53171f6a79ac934e876a5abeb959bbc24436e006907d41e91

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001425287.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))