Annual report [Section 13 and 15(d), not S-K Item 405]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of estimated useful lives
   
Category   Estimated
Useful Lives
Machinery, tooling and equipment   3-7 years
Vehicles   5 years
Internal use manufactured vehicles   1 year
Furniture & Fixtures   5 years
Computers   3 years
Schedule of operating segment
               
    Years Ended December 31,  
    2024     2023  
Revenue   $ 4,037,191     $ 3,260,988  
Cost of goods sold     (18,168,288 )     (11,391,040 )
Gross Margin     (14,131,097 )     (8,130,052 )
                 
Sales & Marketing     2,548,953       7,405,705  
Product Development     2,668,330       7,868,985  
General & Administrative     7,665,647       6,388,007  
Total Operating Expenses     12,882,930       21,662,697  
Loss from Operations     (27,014,027 )     (29,792,749 )
Other Income (Expense)     (18,496,282 )     (15,278,462 )
                 
Net loss   $ (45,510,309 )   $ (45,071,211 )