AYRO, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Financial Arrangements (Details Narrative)

Financial Arrangements (Details Narrative)				1 Months Ended				3 Months Ended			12 Months Ended
Financial Arrangements (Details Narrative)	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