AYRO, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Commitments and Contingencies (Details Narrative)

v3.21.1

Commitments and Contingencies (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended
	Sep. 25, 2020	Jan. 02, 2019	Jan. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Lease remaining term				6 years
Lease liabilities				$ 1,207,100		$ 1,125,933
Stock-based compensation				1,699,423	$ 156,458
DropCar Operating, Inc [Member]
Settlement of multiple employment disputes		$ 232,000
Accounts payable and accrued expenses				5,603
Legal fees				45,000
Plaintiff's counsel balance				45,000
Prefunded liabilities				186,000
New Lease Agreement [Member]
Lease obligations				$ 131,408
Incremental borrowing rate for the lease			10.41%
Lease remaining term				6 years	1 year 2 months 30 days
Lease liabilities				$ 39,273	$ 4,096
Master Manufacturing Services Agreement [Member] \| Karma Automotive, LLC [Member]
Contract term	12 months
Stock-based compensation	$ 1,160,800
Master Manufacturing Services Agreement [Member] \| Karma Automotive, LLC [Member] \| Advisor [Member]
Payment of amount	66,845
Master Manufacturing Services Agreement [Member] \| Karma Automotive, LLC [Member] \| First Production Level Builds [Member]
Payment of amount	440,000
Settlement of multiple employment disputes	7,120
Master Manufacturing Services Agreement [Member] \| Karma Automotive, LLC [Member] \| Setup Costs [Member]
Payment of amount	$ 80,000

- Definition

Incremental borrowing rate for the lease.

+ References

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Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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