Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives

The estimated useful lives for significant property and equipment categories are as follows:

 

Computer Equipment and Software 1 – 3 years
Furniture and Fixtures 2 – 7 years
Machinery and Equipment 5 – 10 years
Leasehold Improvements Shorter of useful or lease life
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive securities have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive:

 

    As of December 31,  
    2020     2019  
Options to purchase Common Stock     1,920,269       996,645  
Unvested restricted stock     1,072,503       -  
Series H-1, H-3, H-4, H-5, I, J, pre-merger AYRO and Merger common stock purchase warrants     3,501,014       461,647  
Series H, H-3, H-6, and pre-merger AYRO Seed Preferred Stock     2,475       2,007,193  
      6,496,261       3,465,485