LMP Automotive Holdings, Inc.【LMPX】
| Dec 31,
2019 | Dec 31,
2020 |
|---|
| Net loss | -4,029,851 | -4,815,793 |
|---|
| Depreciation, amortization and impairment | 1 | 1 |
|---|
| Share-based compensation | 111,623 | 147,020 |
|---|
| Principal collections on investments in sales-type lease contracts | - | 2 |
|---|
| Amortization of operating lease expense | 12,593 | 12,438 |
|---|
| Accounts receivable | -232,938 | -745,281 |
|---|
| Vehicles purchased for investment in sales-type lease contracts | - | -13,604,418 |
|---|
| Automotive inventory | -531,465 | -6,311,251 |
|---|
| Prepaid expenses and other assets | 449,821 | -713,502 |
|---|
| Accounts payable | -821,569 | 160,995 |
|---|
| Other current liabilities | 84,705 | 680,172 |
|---|
| NET CASH USED IN OPERATING ACTIVITIES | -3,981,754 | -6,305,033 |
|---|
| Escrow deposit for contracted acquisition | - | 4 |
|---|
| Return of escrow deposit | - | 1,000,000 |
|---|
| Purchases of property and equipment | 144,704 | 4 |
|---|
| Purchases of intangible assets | 54,503 | 656,798 |
|---|
| NET CASH USED IN INVESTING ACTIVITIES | -155,342 | -7,755,431 |
|---|
| Principal reduction on line of credit – related parties | 5 | - |
|---|
| Repayment of Vehicle floorplan and notes payable | -972,458 | -5,990,236 |
|---|
| Repurchase of common stock | - | -100,002 |
|---|
| Net cash received from issuance of common stock | 10 | 18 |
|---|
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 10 | 11 |
|---|
| NET (DECREASE) INCREASE IN CASH | 6 | -2,572,329 |
|---|
| Cash paid during the year for interest | 44,333 | 331,371 |
|---|
| Right-of-use asset | - | 476,483 |
|---|
| Purchase of software license for debt and equity | - | 823,994 |
|---|
| Purchase of vehicles for debt and equity | - | 6 |
|---|
| Premium finance contract for insurance | - | 602,730 |
|---|