$ECDA
ECD Automotive Design, Inc.
CIK:0001922858|SEC Filings
Unaudited Condensed Consolidated Statements of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
|
| Revenue, net | $ 5,783,182 | $ 6,440,049 | $ 19,220,445 | $ 19,884,213 |
| Cost of goods sold (exclusive of depreciation expense shown below) | 7,454,187 | 4,432,509 | 17,738,434 | 14,296,197 |
| Gross profit (loss) | (1,671,005) | 2,007,540 | 1,482,011 | 5,588,016 |
| Operating expenses: | ||||
| Advertising and marketing expenses | 168,925 | 258,138 | 741,307 | 886,119 |
| General and administrative expenses | 3,212,259 | 2,363,570 | 10,280,293 | 6,768,386 |
| Provision for credit losses | 13,028 | 0 | 42,536 | 8,033 |
| Depreciation and amortization expenses | 25,856 | 27,263 | 76,977 | 102,362 |
| Total operating expenses | 3,420,068 | 2,648,971 | 11,141,113 | 7,764,900 |
| Loss from operations | (5,091,073) | (641,431) | (9,659,102) | (2,176,884) |
| Other income (expense) | ||||
| Interest expense | (3,082,464) | (1,401,829) | (7,044,791) | (3,844,653) |
| Change in fair value of warrant liabilities | (27,636) | (118,336) | 491,691 | (570,381) |
| Change in fair value of conversion option liabilities | 1,203 | (124,752) | 362,192 | (361,611) |
| Gain on conversion of debt to preferred stock | 10,479,055 | 0 | 10,912,936 | 0 |
| Gain on forgiveness of payable | 0 | 319,899 | 0 | 319,899 |
| Foreign exchange loss | (12,355) | (1,534) | (21,184) | (12,054) |
| Resale commissions income | 39,375 | 20,000 | 100,975 | 105,100 |
| Other income (expense), net | (73,250) | (306,048) | (330,473) | (80,236) |
| Total other income (expense), net | 7,323,928 | (1,612,600) | 4,471,346 | (4,443,936) |
| Income (loss) before income taxes | 2,232,855 | (2,254,031) | (5,187,756) | (6,620,820) |
| Income tax benefit (expense) | 0 | (315,487) | 400,000 | (838,055) |
| Net income (loss) | $ 2,232,855 | $ (2,569,518) | $ (4,787,756) | $ (7,458,875) |
| Net income (loss) per common share, basic (in dollars per share) | $ 1.56 | $ (3.03) | $ (4.41) | $ (9.15) |
| Net income (loss) per common share, diluted (in dollars per share) | $ 0.6 | $ (3.03) | $ (4.41) | $ (9.15) |
| Weighted average number of common shares outstanding, basic (in shares) | 1,433,042 | 847,560 | 1,084,761 | 814,917 |
| Weighted average number of common shares outstanding, diluted (in shares) | 5,322,729 | 847,560 | 1,084,761 | 814,917 |
| Net Income (Loss) Attributable to Parent | $ 2,232,855 | $ (2,569,518) | $ (4,787,756) | $ (7,458,875) |
| Foreign currency translation gain (loss) | 1,665 | 482 | 0 | 482 |
| Comprehensive income (loss) | $ 2,234,520 | $ (2,569,036) | $ (4,787,756) | $ (7,458,393) |