Annual report pursuant to Section 13 and 15(d)

Financial Arrangements (Details Narrative)

v3.21.1
Financial Arrangements (Details Narrative)
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2020
USD ($)
May 31, 2020
USD ($)
Oct. 31, 2019
USD ($)
shares
Apr. 30, 2020
USD ($)
Feb. 29, 2020
USD ($)
Dec. 31, 2019
USD ($)
Integer
$ / shares
shares
Aug. 31, 2018
USD ($)
Dec. 31, 2019
USD ($)
$ / shares
shares
Sep. 30, 2019
USD ($)
$ / shares
shares
Mar. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Feb. 02, 2020
Dec. 31, 2018
$ / shares
Long-term debt amount           $ 1,666,284   $ 1,666,284     $ 21,608 $ 1,666,284    
Number of common stock shares granted | shares           3,948,078   3,948,078     27,088,584 3,948,078    
Amortization of discount on debt                     $ 236,398 $ 152,243    
Loss on debt extinguishment realated to unamortized discount                     $ (566,925)    
Warrants exercise price | $ / shares           $ 7.33   $ 7.33     $ 8.03 $ 7.33   $ 7.33
Common Stock [Member]                            
Number of shares issued | shares                     5,074,645      
Warrants to purchase common stock | shares                     5,092,806      
Auto Financing Note [Member]                            
Long-term debt amount             $ 36,962              
Debt maturity date             Aug. 31, 2023              
Interest rate             8.34%              
Interest expense                     $ 2,119 $ 2,673    
2019 Founder Bridge Note [Member]                            
Long-term debt amount     $ 500,000     $ 500,000   $ 500,000     500,000    
Interest rate     14.00%                      
Interest expense                     52,500 13,386    
Number of common stock shares granted | shares     143,975                      
Debt discount     $ 398,017                      
Repayment of debt $ 517,405                          
Debt principal amount paid 500,000                          
Accrued interest 17,405                          
Amortization of discount on debt                     103,602 100,722    
Loss on debt extinguishment realated to unamortized discount                       193,693    
2019 Founder Bridge Note [Member] | Mr. Adams [Member]                            
Debt instrument term, description     On December 13, 2019, Mr. Adams agreed to modify the terms of the note and extend the maturity date until April 30, 2021                      
Number of shares issued | shares     136,340                      
2019 Vendor Payable Conversion Note [Member]                            
Long-term debt amount           $ 137,729   $ 137,729     $ 137,729    
Interest rate           15.00%   15.00%       15.00%    
Interest expense                     15,494 $ 9,302    
Number of common stock shares granted | shares           17,997   17,997       17,997    
Debt discount           $ 46,683   $ 46,683       $ 46,683    
Repayment of debt 143,454                          
Debt principal amount paid 137,729                          
Accrued interest $ 5,725                          
Amortization of discount on debt                     24,008 2,668    
Loss on debt extinguishment realated to unamortized discount                     20,007      
2019 Convertible Bridge Note [Member]                            
Long-term debt amount           $ 1,000,000   $ 1,000,000     $ 1,000,000    
Interest rate           5.00%   5.00%       5.00%    
Interest expense                     20,833 $ 1,291    
Debt instrument converted into stock | Integer           1,030,585                
2019 Convertible Notes [Member]                            
Long-term debt amount           $ 290,000   $ 290,000   $ 800,000   290,000    
Interest expense                     0 57,201    
Debt instrument term, description                   The terms for the notes were sixty (60) days with an additional sixty-day extension to be exercised at the discretion of the Company.        
Amortization of discount on debt                   $ 69,173 0 69,173    
Debt intstrument interest rate, description                   The notes accrued interest at twelve (12%) for the first sixty days and at fifteen percent (15%) for the sixty-day extension.        
Debt Instrument, Convertible, Terms of Conversion Feature                   The lenders had the option to convert the notes and accrued interest into AYRO Seed Preferred Stock (see Note 9) at $1.75 per share before the sixty-day extension period has expired. In May 2019, four lenders converted $350,000 of principle and $9,062 of accrued interest into 205,178 of AYRO Seed Preferred Stock. In September 2019, one lender converted $100,000 of convertible notes to a twelve-month term loan (see 2019 $250,000 Bridge Notes). Additionally, two lenders redeemed $60,000 in principal from their outstanding note. Warrants to purchase up to 26,586 of common stock at a price of $7.33 per share were issued in connection with the notes.        
Debt Instrument, Convertible, Conversion Price | $ / shares                   $ 1.75        
Warrants to purchase common stock | shares                   26,586        
Warrants exercise price | $ / shares                   $ 7.33        
Warrants term                   5 years        
2019 Convertible Notes [Member] | Series Seed Preferred Stock [Member]                            
Debt instrument converted into stock | Integer           343,482                
2019 Bridge Notes [Member]                            
Long-term debt amount           $ 425,000   425,000       425,000    
Interest rate                 12.00%          
Amortization of discount on debt                 $ 187,675          
Debt Instrument, Convertible, Terms of Conversion Feature                 During the third quarter of 2019, the Company received cash in exchange for term loans from five individual lenders, totaling $250,000. Additionally, one lender holding convertible debt, converted $100,000 in principal amount to a term loan (see 2019 $800,000 Convertible Notes).          
Proceeds from exchange of term loans               75,000 $ 250,000          
Debt Instrument, Term                 12 months          
2019 Bridge Notes [Member] | Common Stock [Member]                            
Number of shares issued | shares                 122,379          
Stock price | $ / shares                 $ 0.2880          
2019 Bridge Notes [Member] | Series Seed Preferred Stock [Member]                            
Debt instrument converted into stock | Integer           433,819                
2020 Bridge Notes [Member]                            
Interest rate                         7.00%  
Interest expense                     9,373      
Debt instrument term, description         The maturity date of the notes was the earlier of (1) the closing of the Merger, (2) May 31, 2020, and (3) ninety (90) days the Company determines not to proceed with the Merger.                  
Proceeds from exchange of term loans         $ 500,000                  
Note Payable [Member]                            
Long-term debt amount       $ 600,000   $ 28,555   $ 28,555     21,608 $ 28,555    
Interest rate       15.00%                    
Interest expense                     10,233      
Amortization of discount on debt       $ 462,013             108,788      
Loss on debt extinguishment realated to unamortized discount                     353,225      
Debt instrument, description       In April 2020, the Company issued a secured promissory note payable to an individual investor providing $600,000 of short-term financing. The notes carried an interest rate of fifteen percent (15%) and were to be repaid upon the earlier of (1) closing date of the pending the Merger and (2) July 14, 2020. Fifty percent (50%) of the principal amount was personally guaranteed by Mark Adams, a former director of AYRO Operating and AYRO. In conjunction with the notes, 553,330 shares of common stock (276,665 shares of common stock representing two percent (2%) of the combined company's post-merger outstanding common stock each) were issued to the lender and to Mr. Adams as compensation for his personal guarantee. A discount on debt of $462,013 was recorded in the transaction and was being amortized over the life of the note as a component of interest expense on the accompanying consolidated statements of operations.                    
2020 Paycheck Protection Program Term Note [Member]                            
Long-term debt amount   $ 218,000                        
Debt maturity date   May 20, 2022                        
Interest rate   1.00%                        
Debt forgiveness                     218,000      
2020 Paycheck Protection Program Term Note [Member] | Other Income [Member]                            
Interst income                     $ 1,363