v3.25.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO MARKETABLE SECURITIES | The below table provides supplemental information related to marketable securities: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO MARKETABLE SECURITIES
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | For the Years Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Net gains recognized during the period on trading securities |  | $ | 79 |  |  | $ | 76 |  |  | $ | - |
Less: net gains recognized during the period on trading securities sold during the period |  |  | (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 below table illustrates the change in the allowance for expected credit losses for the years ended December 31, 2024 and 2023. SCHEDULE OF CHANGE IN ALLOWANCE FOR EXPECTED CREDIT LOSS
|  | 2024 |  |  | 2023 |
Allowance for Expected Credit Losses |  |  |  |  |  |  |  |
Beginning balance as of January 1, |  | $ | 6,750 |  |  | $ | 2,548 |
Provision for credit losses |  |  | 1,720 |  |  |  | 2,555 |
Other |  |  | (44 | ) |  |  | 1,647 |
Ending balance as of December 31, |  | $ | 8,426 |  |  | $ | 6,750 |
SCHEDULE OF RESERVE FOR SLOW-MOVING OR EXCESS IN INVENTORY | The below table illustrates the change in the reserve for slow-moving or excess inventory for the years ended December 31, 2024 and 2023. SCHEDULE OF RESERVE FOR SLOW-MOVING OR EXCESS IN INVENTORY
|  | 2024 |  |  | 2023 |
Inventory Reserve |  |  |  |  |  |  |  |
Beginning balance as of January 1, |  | $ | 777 |  |  | $ | 298 |
Provision for slow moving and obsolete inventory |  |  | 2,352 |  |  |  | 527 |
Other |  |  | - |  |  |  | (48 | )
Ending balance as of December 31, |  | $ | 3,129 |  |  | $ | 777 |
SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT | SCHEDULE OF ESTIMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT
|  | Useful Lives
Asset |  | (In Years)
Computer software and office and computer equipment |  | 3 - 5
Machinery and equipment, automobiles, furniture and fixtures |  | 3 - 10
Installed Level 2 electric vehicle charging stations |  | 3 - 7
Installed Level 3 (DC Fast Chargers (“DCFC”)) electric vehicle charging stations |  | 5
Buildings |  | 39
SCHEDULE OF REVENUE RECOGNITION BY CONTRACT | The following table summarizes our revenue recognized in the consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | For The Years Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Revenues - Recognized at a Point in Time |  |  |  |  |  |  |  |  |  |  |  |
Product sales |  | $ | 81,703 |  |  | $ | 109,416 |  |  | $ | 46,018 |
Charging service revenue |  |  | 21,445 |  |  |  | 15,646 |  |  |  | 6,866 |
Warranty |  |  | 1,535 |  |  |  | - |  |  |  | - |
Other |  |  | 1,535 |  |  |  | 1,026 |  |  |  | 1,393 |
Total Revenues - Recognized at a Point in Time |  |  | 106,218 |  |  |  | 126,088 |  |  |  | 54,277 |
Revenues - Recognized Over a Period of Time: |  |  |  |  |  |  |  |  |  |  |  |
Network fees |  |  | 8,716 |  |  |  | 7,481 |  |  |  | 4,370 |
Warranty |  |  | 4,892 |  |  |  | 3,258 |  |  |  | 928 |
Total Revenues - Recognized Over a Period of Time |  |  | 13,608 |  |  |  | 10,739 |  |  |  | 5,298 |
Revenues- Other |  |  |  |  |  |  |  |  |  |  |  |
Car-sharing services |  |  | 4,667 |  |  |  | 3,302 |  |  |  | 1,268 |
Grant and fees rebate |  |  | 1,704 |  |  |  | 469 |  |  |  | 296 |
Total Revenues - Other |  |  | 6,371 |  |  |  | 3,771 |  |  |  | 1,564 |
Total Revenue |  | $ | 126,197 |  |  | $ | 140,598 |  |  | $ | 61,139 |
SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA | The following table summarizes our revenue recognized in the consolidated statements of operations by geographical area: SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | For The Years Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Revenues by Geographical Area |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 90,349 |  |  | $ | 104,714 |  |  | $ | 40,828 |
International |  |  | 35,848 |  |  |  | 35,884 |  |  |  | 20,311 |
Total Revenue |  | $ | 126,197 |  |  | $ | 140,598 |  |  | $ | 61,139 |
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
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | For the Years Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Warrants |  |  | 1,150,152 |  |  |  | 1,150,152 |  |  |  | 1,592,203 |
Options |  |  | 986,165 |  |  |  | 982,844 |  |  |  | 1,060,535 |
Restricted stock units |  |  | 1,160,667 |  |  |  | - |  |  |  | - |
Total potentially dilutive shares |  |  | 3,296,984 |  |  |  | 2,132,996 |  |  |  | 2,652,738 |

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