SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF MARKETABLE SECURITIES |
The
below table provides supplemental information related to marketable securities:
SCHEDULE
OF MARKETABLE SECURITIES
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Net gains recognized during the period on trading securities |
|
$ |
39 |
|
|
$ |
79 |
|
|
$ |
76 |
|
| Less: net gains recognized during the period on trading securities sold during the period |
|
|
(39 |
) |
|
|
(40 |
) |
|
|
(25 |
) |
| Unrealized gains recognized during the reporting period on trading securities still held at the reporting date |
|
$ |
- |
|
|
$ |
39 |
|
|
$ |
51 |
|
|
| SCHEDULE OF CHANGE IN ALLOWANCE FOR EXPECTED CREDIT LOSS |
The
table below illustrates the change in the allowance for expected credit losses for the years ended December 31, 2025, 2024, and
2023.
SCHEDULE OF CHANGE IN ALLOWANCE FOR
EXPECTED CREDIT LOSS
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Allowance
for Expected Credit Losses |
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance as of January 1, |
|
$ |
8,426 |
|
|
$ |
6,750 |
|
|
$ |
2,548 |
|
| Provision
for credit losses |
|
|
3,894 |
|
|
|
1,720 |
|
|
|
2,555 |
|
| Write-offs |
|
|
(256 |
) |
|
|
(44 |
) |
|
|
1,647 |
|
| Recoveries |
|
|
(1,619 |
) |
|
|
- |
|
|
|
- |
|
| Ending balance as of
December 31, |
|
$ |
10,445 |
|
|
$ |
8,426 |
|
|
$ |
6,750 |
|
|
| SCHEDULE OF RESERVE FOR SLOW-MOVING OR EXCESS IN INVENTORY |
The
table below illustrates the change in the reserve for slow-moving or excess inventory for the years ended December 31, 2025, 2024, and
2023.
SCHEDULE OF RESERVE FOR SLOW-MOVING
OR EXCESS IN INVENTORY
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Inventory
Reserve |
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning
balance as of January 1, |
|
$ |
3,129 |
|
|
$ |
777 |
|
|
$ |
298 |
|
| Provision
for slow moving and obsolete inventory |
|
|
6,619 |
|
|
|
4,024 |
|
|
|
527 |
|
| Write-offs |
|
|
- |
|
|
|
(1,672 |
) |
|
|
- |
|
| Other |
|
|
- |
|
|
|
- |
|
|
|
(48 |
) |
| Ending
balance as of December 31, |
|
$ |
9,748 |
|
|
$ |
3,129 |
|
|
$ |
777 |
|
|
| SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT |
SCHEDULE
OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT
| Asset |
|
Useful
Lives
(In Years) |
|
| Electric vehicle charging stations |
|
3-8 |
|
| Software |
|
3-7 |
|
| Automobiles |
|
3-5 |
|
| Office and computer equipment |
|
5 |
|
| Leasehold improvements |
|
7-8 |
|
| Machinery and equipment |
|
6 |
|
|
| SCHEDULE OF REVENUE RECOGNITION |
The
following table summarizes our revenue recognized in the consolidated statements of operations:
SCHEDULE
OF REVENUE RECOGNITION
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| ASC 606 Revenues - Recognized at a Point in Time |
|
|
|
|
|
|
|
|
|
|
|
|
| Product sales |
|
$ |
46,961 |
|
|
$ |
81,703 |
|
|
$ |
109,416 |
|
| Charging service revenue |
|
|
32,285 |
|
|
|
21,445 |
|
|
|
15,646 |
|
| Warranty |
|
|
1,449 |
|
|
|
1,535 |
|
|
|
- |
|
| Other |
|
|
3,113 |
|
|
|
1,535 |
|
|
|
1,026 |
|
| Total Revenues - Recognized at a Point in Time |
|
|
83,808 |
|
|
|
106,218 |
|
|
|
126,088 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ASC 606 Revenues - Recognized Over a Period of Time: |
|
|
|
|
|
|
|
|
|
|
|
|
| Network fees |
|
|
12,200 |
|
|
|
7,952 |
|
|
|
7,481 |
|
| Warranty |
|
|
2,393 |
|
|
|
4,151 |
|
|
|
3,258 |
|
| Total Revenues - Recognized Over a Period of Time |
|
|
14,593 |
|
|
|
12,103 |
|
|
|
10,739 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ASC 842 - Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
| Car-sharing services |
|
|
4,809 |
|
|
|
4,667 |
|
|
|
3,302 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues - Other |
|
|
|
|
|
|
|
|
|
|
|
|
| Grant and rebate |
|
|
310 |
|
|
|
1,049 |
|
|
|
469 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total Revenue |
|
$ |
103,520 |
|
|
$ |
124,037 |
|
|
$ |
140,598 |
|
|
| SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION |
The
following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion
would have been anti-dilutive:
SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
For the Years
Ended |
|
| |
|
December
31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Warrants |
|
|
3,245,059 |
|
|
|
- |
|
|
|
1,150,152 |
|
| Options |
|
|
- |
|
|
|
- |
|
|
|
982,844 |
|
| Restricted stock units |
|
|
1,474,443 |
|
|
|
1,160,667 |
|
|
|
- |
|
| Total potentially dilutive shares |
|
|
4,719,502 |
|
|
|
1,160,667 |
|
|
|
2,132,996 |
|
|