XML 37 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

PROPERTY AND EQUIPMENT, NET | 12 Months Ended
--- | ---
Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT, NET | PROPERTY AND EQUIPMENT, NET Property and equipment, net at December 31, 2024 and 2023, respectively, consists of:
| December 31, 2024 |  | December 31, 2023
Computers and software | $ | 4,208 |  |  | $ | 3,823 |
Furniture and fixtures | 1,291 |  |  | 1,291 |
Machinery and equipment | 14,011 |  |  | 13,985 |
Vehicles | 173 |  |  | 173 |
Demonstration vehicles | 800 |  |  | — |
Leasehold improvements | 1,308 |  |  | 1,308 |
Construction in progress (1) | 7,123 |  |  | 217 |
| $ | 28,914 |  |  | $ | 20,797 |
Less - accumulated depreciation and amortization | (6,804) |  |  | (3,698) |
Total | $ | 22,110 |  |  | $ | 17,099 |
(1) Construction in progress as of December 31, 2024 consisted of capitalized costs of production tooling, machinery and equipment related to the UK Launch Factory located in Coventry, United Kingdom and assembly facility located in the United States. For the year ended December 31, 2023, the amount of construction in progress consisted of capitalized costs related to production tooling at the UK Launch Factory located in Coventry, United Kingdom. Depreciation expenses of property and equipment were $3,182, $2,255, and $1,683 for the years ended December 31, 2024, 2023, and 2022, respectively. Throughout the years ended December 31, 2024 and 2023, a total cost of $208 and $259, respectively, and a total accumulated depreciation of $76 and $122, respectively, were disposed from the consolidated balance sheets.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration