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Note

June 30, 2018

(Unaudited)

December 31, 2017

ASSETS

Current assets

Cash and cash equivalents

4

$

4,235,315

$

8,610,996

Receivables

5

627,677

243,639

Prepaid expenses

762,816

920,146

Inventory

274,518

232,903

5,900,326

10,007,684

Non-current assets

Restricted cash

108,995

Plant and equipment

6

4,705,516

1,393,683

Goodwill and other intangible assets

7

1,239,762

1,260,014

TOTAL ASSETS

$

11,954,599

$

12,661,381

LIABILITIES

Current liabilities

Bank overdraft and demand loan

9

$

$

123,637

Trade payables and accrued liabilities

8

2,132,302

1,123,790

Customer deposits

410,774

447,071

Shareholder loan

17

8,306

10,383

Promissory note

7

1,500,000

Deferred income tax

149,794

149,794

2,701,176

3,354,675

Non-current liabilities

Derivative liability1

10

1,306,603

3,655,690

TOTAL LIABILITIES

4,007,779

7,010,365

EQUITY

Share capital

11

28,919,134

22,718,282

Common share subscription

750,000

Share-based payment reserve

12

5,383,427

3,518,286

Deficit

(26,355,741)

(21,335,552)

TOTAL EQUITY

7,946,820

5,651,016

TOTAL LIABILITIES AND EQUITY

$

11,954,599

$

12,661,381

Models

SOLO

The all-electric, single-seater Solo

Reservation $250.00 CAD

Reserve Now Learn More

Tofino

The all-electric, two-seater Tofino roadster

Reservation $1,000.00 CAD

Reserve Now Learn More

ERoadster

The all-electric, two-seater Tofino roadster

Reservation $1,000.00 CAD

Inquire Learn More