SEC Info - Workhorse Group Inc. - ‘10-Q’ for 3/31/20

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    492K 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     19K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     19K 
36: R1          Document and Entity Information                     HTML     70K 
52: R2          Condensed Consolidated Balance Sheets               HTML    102K 
47: R3          Condensed Consolidated Balance Sheets               HTML     40K 
                (Parenthetical)                                                  
13: R4          Condensed Consolidated Statements of Operations     HTML     74K 
                (Unaudited)                                                      
35: R5          Statement of Comprehensive Income (Statement)       HTML     31K 
51: R6          Condensed Consolidated Statements of Stockholders   HTML     65K 
                Equity (Deficit) (Unaudited)                                     
46: R7          Condensed Consolidated Statements of Cash Flows     HTML     97K 
                (Unaudited)                                                      
14: R8          Summary of Significant Accounting Principles        HTML     29K 
34: R9          Inventory                                           HTML     32K 
45: R10         Investments in LMC                                  HTML     29K 
61: R11         Revenue                                             HTML     34K 
26: R12         Long-Term Debt                                      HTML     37K 
19: R13         Mandatory Redeemable Series B Preferred Stock       HTML     27K 
44: R14         Stock-Based Compensation                            HTML     66K 
60: R15         Income Taxes                                        HTML     21K 
24: R16         Earnings Per Share                                  HTML     37K 
18: R17         Recent Accounting Developments                      HTML     21K 
43: R18         Share Holders Equity (Deficit)                      HTML     35K 
62: R19         Other Transaction                                   HTML     22K 
38: R20         Fair Value Measurement                              HTML     43K 
17: R21         Subsequent Events                                   HTML     24K 
50: R22         Summary of Significant Accounting Principles        HTML     36K 
                (Policies)                                                       
56: R23         Inventory (Tables)                                  HTML     34K 
37: R24         Revenue (Tables)                                    HTML     30K 
16: R25         Long-Term Debt (Tables)                             HTML     32K 
49: R26         Stock-Based Compensation (Tables)                   HTML     67K 
55: R27         Earnings Per Share (Tables)                         HTML     35K 
39: R28         Share Holders Equity (Deficit) (Tables)             HTML     29K 
15: R29         Fair Value Measurement (Tables)                     HTML     38K 
20: R30         Inventory (Details)                                 HTML     34K 
28: R31         Investments, All Other Investments (Details)        HTML     38K 
58: R32         Revenue (Details)                                   HTML     27K 
40: R33         Long-Term Debt (Details)                            HTML     29K 
21: R34         Long-Term Debt (Details Textual)                    HTML     77K 
29: R35         Mandatory Redeemable Series B Preferred Stock       HTML     51K 
                (Details)                                                        
59: R36         Stock Based Compensation (Details)                  HTML     34K 
42: R37         Stock Based Compensation - Share Based              HTML     26K 
                Compensation Expense (Details)                                   
22: R38         Stock Based Compensation - Stock Option Activity    HTML     60K 
                (Details)                                                        
27: R39         Stock Based Compensation - Restricted Stock         HTML     43K 
                (Details)                                                        
11: R40         Earnings Per Share (Details)                        HTML     44K 
32: R41         Share Holders Equity (Deficit) (Details Textual)    HTML     55K 
53: R42         Share Holders Equity (Deficit) (Details)            HTML     37K 
48: R43         Other Transaction (Details)                         HTML     36K 
12: R44         Fair Value Measurement - Warrants (Details)         HTML     26K 
33: R45         Fair Value Measurement - Convertible Note           HTML     31K 
                (Details)                                                        
54: R46         Subsequent Events (Details)                         HTML     24K 
25: R9999       Uncategorized Items - wkhs-20200331.htm             HTML     20K 
30: XML         IDEA XML File -- Filing Summary                      XML    105K 
23: XML         XBRL Instance -- wkhs-20200331_htm                   XML    852K 
57: EXCEL       IDEA Workbook of Financial Reports                  XLSX     54K 
 7: EX-101.CAL  XBRL Calculations -- wkhs-20200331_cal               XML    152K 
 8: EX-101.DEF  XBRL Definitions -- wkhs-20200331_def                XML    459K 
 9: EX-101.LAB  XBRL Labels -- wkhs-20200331_lab                     XML   1.13M 
10: EX-101.PRE  XBRL Presentations -- wkhs-20200331_pre              XML    676K 
 6: EX-101.SCH  XBRL Schema -- wkhs-20200331                         XSD    131K 
31: JSON        XBRL Instance as JSON Data -- MetaLinks              233±   351K 
41: ZIP         XBRL Zipped Folder -- 0001628280-20-006544-xbrl      Zip    188K

‘R21’ — Subsequent Events

This is an IDEA Financial Report. [ Alternative Formats ]

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	14. SUBSEQUENT EVENTS The Company evaluates events and transactions occurring subsequent to the date of the condensed consolidated financial statements for matters requiring recognition or disclosure in the condensed consolidated financial statements. The accompanying condensed consolidated financial statements consider events through the date on which the condensed consolidated financial statements were available to be issued. Paycheck Protection Program Term Note On April 14, 2020, the Company entered into a Paycheck Protection Program Term Note (“PNC Note”) with PNC Bank, N.A. (“PNC”) under the Paycheck Protection Program (the "Program") of the recently enacted Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") administered by the U.S. Small Business Administration. The Company received total proceeds of $1.4 million from the PNC Note. In accordance with the requirements of the CARES Act, the Company will use proceeds from the PNC Note primarily for payroll costs. Interest accrues on the PNC Note at the rate per annum of 1.00%. The Company may apply to PNC for forgiveness of the amount due on the PNC Note which shall be an amount equal to the sum of payroll costs, mortgage interest, rent obligations and covered utility payments incurred during the eight weeks following disbursement under the PNC Note. During the period from April 14, 2020 through the six-month anniversary of the date of the PNC Note (the “Deferral Expiration Date”), neither principal nor interest shall be due and payable during this deferral period. On the Deferral Expiration Date, the outstanding principal of the PNC Note that is not forgiven under the Program (the “Conversion Balance”) shall convert to an amortizing term loan. On November 15, 2020, all accrued interest that is not forgiven under the Program shall be due and payable. Additionally, on November 15, 2020 and continuing on the 15th day of each month thereafter until April 13, 2022 equal installments of principal shall be due and payable, each in an amount determined by dividing the Conversion Balance by 18 (the “Monthly Principal Amount”). Interest shall be payable at the same time as the Monthly Principal Amount. Any outstanding principal and accrued interest shall be due and payable in full on April 13, 2022.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

	4/13/22
	11/15/20
Filed on:	5/6/20	4, 8-K, CORRESP
	4/14/20	8-K
For Period end:	3/31/20
		List all Filings

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/28/20  Workhorse Group Inc.              S-3                    3:283K                                   EdgarAgents LLC/FA

↑Top

Filing Submission 0001628280-20-006544 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Workhorse Group Inc. – ‘10-Q’ for 3/31/20 – ‘R21’

On: Wednesday, 5/6/20, at 8:56am ET · For: 3/31/20 · Accession #: 1628280-20-6544 · File #: 1-37673

Previous ‘10-Q’: ‘10-Q’ on 11/8/19 for 9/30/19 · Next: ‘10-Q’ on 8/10/20 for 6/30/20 · Latest: ‘10-Q’ on 11/14/23 for 9/30/23 · 1 Reference: By: Workhorse Group Inc. – ‘S-3’ on 10/28/20

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R21’ — Subsequent Events

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

1 Subsequent Filing that References this Filing

Workhorse Group Inc. – ‘10-Q’ for 3/31/20 – ‘R21’

On: Wednesday, 5/6/20, at 8:56am ET · For: 3/31/20 · Accession #: 1628280-20-6544 · File #: 1-37673

Previous ‘10-Q’: ‘10-Q’ on 11/8/19 for 9/30/19 · Next: ‘10-Q’ on 8/10/20 for 6/30/20 · Latest: ‘10-Q’ on 11/14/23 for 9/30/23 · 1 Reference: By: Workhorse Group Inc. – ‘S-3’ on 10/28/20

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R21’ — Subsequent Events

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

1 Subsequent Filing that References this Filing

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents