v2.4.0.8
Consolidated Statements of Cash Flow (Unaudited) (USD $)
 3 Months Ended 9 Months Ended 91 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Cash flows from operating activities:          
Net loss during the development stage $ (1,787,865) $ (1,045,164) $ (4,960,900) $ (4,791,275) $ (32,442,712)
Adjustments to reconcile net loss from operations to cash used by operations:          
Depreciation 91,590 101,491 294,576 218,155 907,232
Loss on sale of assets             27,544
Stock based compensation 534,004 32,652 1,285,118 1,173,179 6,473,951
Interest expense on convertible debentures       13,269    172,228
Amortized discount on convertible debentures             91,493
Legal, consulting and investment services 239,763 256,940 794,547 859,515 2,810,875
Capitalization of accrued interests       225,000    225,000
Effects of changes in operating assets and liabilities:          
Inventory    47,250    47,250 7,250
Prepaid expenses and deposits (22,729) (36,103) (26,998) (80,879) (70,965)
Accounts payable 594,878 64,324 451,977 156,404 2,512,000
Accounts payable, related parties (612,872) 25,187 (756,951) 39,981 (341,581)
Customer deposits    (177,500) (177,500) 142,500   
Net cash used by operations (963,231) (730,923) (2,857,862) (2,235,170) (19,627,685)
Cash flows from investing activities:          
Cash paid in acquisition of Workhorse Custom Chasis, LLC          (2,750,000) (2,750,000)
Capital expenditures    (63)    (63) (376,713)
Proceeds on sale of assets             38,900
Net cash used by investing activities    (63)    (2,750,063) (3,087,813)
Cash flows from financing activities:          
Proceeds from debentures             1,939,250
Proceeds from notes payable          100,000 160,000
Payments on notes payable             (150,000)
Proceeds from long-term debt             50,000
Payments on long-term debt (3,111) (62,895) (323,323) (103,884) (554,207)
Conversion of note payable              
Shareholder advances, net of repayments (6,000) 655,000 (1,934,300) 655,000   
Issuance of common and preferred stock       5,942,300 4,301,761 22,104,289
Net cash provided by financing activities (9,111) 592,105 3,684,677 4,952,877 23,549,332
Change in cash and cash equivalents (972,342) (138,881) 826,815 (32,356) 833,833
Cash at the beginning of the period 1,806,176 146,344 7,019 39,819   
Cash at the end of the period $ 833,834 $ 7,463 $ 833,834 $ 7,463 $ 833,834