Congratulations!

[Valid RSS] This is a valid RSS feed.

Recommendations

This feed is valid, but interoperability with the widest range of feed readers could be improved by implementing the following recommendations.

Source: https://autoexcelsior.com/feed/

  1. <?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
  2. xmlns:content="http://purl.org/rss/1.0/modules/content/"
  3. xmlns:wfw="http://wellformedweb.org/CommentAPI/"
  4. xmlns:dc="http://purl.org/dc/elements/1.1/"
  5. xmlns:atom="http://www.w3.org/2005/Atom"
  6. xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
  7. xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
  8. >
  9.  
  10. <channel>
  11. <title>Power Integrations Rolls Out Reference Design Kit for Solar Race Cars Featuring High-Efficiency Gallium-Nitride IC | Auto Excelsior</title>
  12. <atom:link href="https://autoexcelsior.com/feed/" rel="self" type="application/rss+xml" />
  13. <link>https://autoexcelsior.com</link>
  14. <description>All about Auto industry</description>
  15. <lastBuildDate>Fri, 22 Aug 2025 04:17:00 +0000</lastBuildDate>
  16. <language>en-US</language>
  17. <sy:updatePeriod>
  18. hourly </sy:updatePeriod>
  19. <sy:updateFrequency>
  20. 1 </sy:updateFrequency>
  21. <generator>https://wordpress.org/?v=6.8.2</generator>
  22.  
  23. <image>
  24. <url>https://autoexcelsior.com/wp-content/uploads/2022/06/cropped-auto_excelsior-32x32.png</url>
  25. <title>Power Integrations Rolls Out Reference Design Kit for Solar Race Cars Featuring High-Efficiency Gallium-Nitride IC | Auto Excelsior</title>
  26. <link>https://autoexcelsior.com</link>
  27. <width>32</width>
  28. <height>32</height>
  29. </image>
  30. <item>
  31. <title>Power Integrations Rolls Out Reference Design Kit for Solar Race Cars Featuring High-Efficiency Gallium-Nitride IC</title>
  32. <link>https://autoexcelsior.com/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic/54080/</link>
  34. <dc:creator><![CDATA[Business Wire India]]></dc:creator>
  35. <pubDate>Fri, 22 Aug 2025 04:17:00 +0000</pubDate>
  36. <category><![CDATA[Brand Post]]></category>
  37. <guid isPermaLink="false">https://autoexcelsior.com/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic/54080/</guid>
  38.  
  39. <description><![CDATA[<div style="margin-bottom:20px;"><img width="362" height="170" src="https://autoexcelsior.com/wp-content/uploads/2025/08/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Power Integrations Rolls Out Reference Design Kit for Solar Race Cars Featuring High-Efficiency Gallium-Nitride IC" decoding="async" fetchpriority="high" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic.jpg 362w, https://autoexcelsior.com/wp-content/uploads/2025/08/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic-300x141.jpg 300w" sizes="(max-width: 362px) 100vw, 362px" /></div>Business Wire India Power Integrations is rolling out a new reference design kit tailored specifically for solar-powered race cars as 37 student teams prepare to race across the Outback in the Bridgestone World Solar Challenge starting August 24. &#160; This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250821250611/en/ &#160; &#160; RDK-85SLR includes everything [&#8230;]]]></description>
  40. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="362" height="170" src="https://autoexcelsior.com/wp-content/uploads/2025/08/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Power Integrations Rolls Out Reference Design Kit for Solar Race Cars Featuring High-Efficiency Gallium-Nitride IC" decoding="async" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic.jpg 362w, https://autoexcelsior.com/wp-content/uploads/2025/08/power-integrations-rolls-out-reference-design-kit-for-solar-race-cars-featuring-high-efficiency-gallium-nitride-ic-300x141.jpg 300w" sizes="(max-width: 362px) 100vw, 362px" /></div><p><b>Business Wire India</b></br></p>
  41. <p xmlns="http://www.w3.org/1999/xhtml">Power Integrations is rolling out a new reference design kit tailored specifically for solar-powered race cars as 37 student teams prepare to race across the Outback in the Bridgestone World Solar Challenge starting August 24.</p>
  42. <p>&nbsp;</p>
  43. <p id="news-body-cta" xmlns="http://www.w3.org/1999/xhtml">This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250821250611/en/</p>
  44. <p>&nbsp;</p>
  45. <p>&nbsp;</p>
  46. <div id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;" xmlns="http://www.w3.org/1999/xhtml"><img decoding="async" alt="RDK-85SLR includes everything needed to create a 46-watt power supply. Solar race car teams can get the kit free by registering online." src="https://mms.businesswire.com/media/20250821250611/en/2557674/4/PI_PR-image-SolarCar-2025.jpg" /></p>
  47. <p style="font-size:85%;">RDK-85SLR includes everything needed to create a 46-watt power supply. Solar race car teams can get the kit free by registering online.</p>
  48. </div>
  49. <p>&nbsp;</p>
  50. <p xmlns="http://www.w3.org/1999/xhtml">The kit, RDK-85SLR, features the PI&trade; InnoSwitch&trade;3-AQ IC , which incorporates PI&#8217;s PowiGaN&trade; gallium-nitride switch technology. The kit is inspired by a design created by PI&#8217;s PowerPros℠ online support engineers in collaboration with the ETH Zurich aCentauri team, whose #85 &lsquo;Silvretta&#8217; challenger-class car is using the design to maximize efficiency in its auxiliary power supply.</p>
  51. <p>&nbsp;</p>
  52. <p xmlns="http://www.w3.org/1999/xhtml">&ldquo;Thousands of engineering students participate in solar car challenges around the world each year, and these innovators will help bring about a more sustainable future,&rdquo; said Andy Smith, director of technical outreach and training for Power Integrations. &ldquo;We are providing this reference kit to help young engineers take advantage of the latest, most energy-efficient technologies, such as PowiGaN, in their designs.&rdquo;</p>
  53. <p>&nbsp;</p>
  54. <p>&nbsp;</p>
  55. <p xmlns="http://www.w3.org/1999/xhtml">The design kit includes everything needed to create a 46-watt power supply that delivers up to 80 watts for short periods&mdash;making it ideal for use as an auxiliary power supply in a solar race car. It employs the company&#8217;s InnoSwitch3-AQ flyback power supply IC with a highly efficient PowiGaN switch and eliminates the need for a heatsink, enabling more compact, lightweight, and cost-effective designs. Contents of the kit include a sample power supply, four InnoSwitch3-AQ ICs, and an unpopulated PCB. It is backed by a report containing power supply and magnetics transformer build instructions, schematics, a PCB layout guide, a parts list and comprehensive performance data. Live tech support is available from Power Integrations&#8217; PowerPros team.</p>
  56. <p>&nbsp;</p>
  57. <p>&nbsp;</p>
  58. <p xmlns="http://www.w3.org/1999/xhtml">&ldquo;We proved PowiGaN&#8217;s reliability, performance and efficiency in the Bridgestone World Solar Challenge in 2023,&rdquo; stated Aaron Griesser, lead electrical engineer from the 2023 aCentauri team. &ldquo;We achieved 95 percent efficiency across both light and full loads with a broad output range of 5 to 60 W. Additionally, the scrutineering judges were astounded to see an auxiliary power supply without a heatsink.&rdquo;</p>
  59. <p>&nbsp;</p>
  60. <p>&nbsp;</p>
  61. <p xmlns="http://www.w3.org/1999/xhtml">Power Integrations is a proud sponsor of the aCentauri team and will be reporting on the race from Mr. Green&#8217;s Blog and PI&#8217;s social media channels using hashtag #PowiGaNVan.</p>
  62. <p>&nbsp;</p>
  63. <p>&nbsp;</p>
  64. <p xmlns="http://www.w3.org/1999/xhtml"><b><span class="bwuline">Availability &amp; Resources</span></b></p>
  65. <p>&nbsp;</p>
  66. <p>&nbsp;</p>
  67. <p xmlns="http://www.w3.org/1999/xhtml">Reference design kit RDK-85SLR is priced at $50. Solar race car teams can get the kit free by registering online.</p>
  68. <p>&nbsp;</p>
  69. <p>&nbsp;</p>
  70. <p xmlns="http://www.w3.org/1999/xhtml"><b>About Power Integrations</b></p>
  71. <p>&nbsp;</p>
  72. <p>&nbsp;</p>
  73. <p xmlns="http://www.w3.org/1999/xhtml">Power Integrations, Inc., is a leading innovator in semiconductor technologies for high-voltage power conversion. The company&#8217;s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information, please visit www.power.com.</p>
  74. <p>&nbsp;</p>
  75. <p>&nbsp;</p>
  76. <p xmlns="http://www.w3.org/1999/xhtml">Power Integrations, the Power Integrations logo, PI, PowiGaN, PowerPros and InnoSwitch3-AQ are trademarks, service marks or registered trademarks of Power Integrations, Inc. All other trademarks are the property of their respective owner.</p>
  77. <p>&nbsp;</p>
  78. <p>&nbsp;</p>
  79. <p xmlns="http://www.w3.org/1999/xhtml"><img decoding="async" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20250821250611r1&amp;sid=bwiftp&amp;distro=ftp" /></p>
  80. <p>&nbsp;</p>
  81. <p>&nbsp;</p>
  82. <p id="mmgallerylink" xmlns="http://www.w3.org/1999/xhtml"><span id="mmgallerylink-phrase">View source version on businesswire.com: </span><span id="mmgallerylink-link">https://www.businesswire.com/news/home/20250821250611/en/</span></p>
  83. <p>&nbsp;</p>
  84. <p> <img id='img_pixel' src='https://bwi-api-react.businesswireindia.com/images/pixel.gif' alt='' width='0' height='0' border='0' loaded='' onload="javascript:if(document.getElementById('img_pixel').getAttribute('loaded')==''){document.getElementById('img_pixel').src='https://bwi-api-react.businesswireindia.com/api/BWIWesiteGet/partnerSiteAnalytics?value=H7xGqQQxsTfiIDkocPd1SAgH6GQz8D33fgiTvw5vbKiPLwg%3D&#038;referrer='+encodeURIComponent(document.referrer)+'&#038;current='+encodeURIComponent(document.URL);document.getElementById('img_pixel').setAttribute('loaded','k');}" /> <br />Disclaimer: The above press release comes to you under an arrangement with Business Wire India. We takes no editorial responsibility for the same.</p>
  85. ]]></content:encoded>
  89. </item>
  90. <item>
  91. <title>Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests for Occupant Protection Upper Interior Impact Scenarios</title>
  92. <link>https://autoexcelsior.com/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior/54078/</link>
  94. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  95. <pubDate>Fri, 22 Aug 2025 04:14:00 +0000</pubDate>
  96. <category><![CDATA[Brand Post]]></category>
  97. <guid isPermaLink="false">https://autoexcelsior.com/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior/54078/</guid>
  98.  
  99. <description><![CDATA[<div style="margin-bottom:20px;"><img width="2560" height="1707" src="https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests for Occupant Protection Upper Interior Impact Scenarios" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-scaled.jpg 2560w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-300x200.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-1024x683.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-768x512.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-1536x1024.jpg 1536w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-2048x1365.jpg 2048w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-450x300.jpg 450w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></div>Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests for Occupant Protection Upper Interior [&#8230;]]]></description>
  100. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="2560" height="1707" src="https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-scaled.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests for Occupant Protection Upper Interior Impact Scenarios" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-scaled.jpg 2560w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-300x200.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-1024x683.jpg 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-768x512.jpg 768w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-1536x1024.jpg 1536w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-2048x1365.jpg 2048w, https://autoexcelsior.com/wp-content/uploads/2025/08/faraday-x-announces-that-the-fx-super-one-mpv-has-successfully-completed-its-first-round-of-u-s-federal-motor-vehicle-safety-standards-fmvss-development-tests-for-occupant-protection-upper-interior-450x300.jpg 450w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></div><div style="float:right;padding:0 0 15px 20px;margin:15px 0 20px 20px;width:300px">
  101. <p>Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests</p>
  102. <figure>
  103.    <img decoding="async" src="https://ml.globenewswire.com/Resource/Download/91fa0f94-512d-48c9-9cdd-7963ec419332" title="Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests" alt="Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests for Occupant Protection Upper Interior Impact Scenarios" /><figcaption>Faraday X Announces that the FX Super One MPV Has Successfully Completed its First Round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) Development Tests for Occupant Protection Upper Interior Impact Scenarios</figcaption></figure>
  104. </div>
  105. <ul>
  106. <li style="text-align:left;">This vehicle safety development progress joins the announcements made recently on the status of the FX Super One which includes its current status in the trial production phase underway at the Company’s manufacturing facility in Hanford, CA.</li>
  107. </ul>
  108. <p>LOS ANGELES, Aug.  22, 2025  (GLOBE NEWSWIRE) &#8212; Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) (&#8220;FF&#8221;, &#8220;Faraday Future&#8221;, or the &#8220;Company&#8221;), a California-based global shared intelligent electric mobility ecosystem company, today announced that the FX Super One has successfully completed its first round of U.S. Federal Motor Vehicle Safety Standards (FMVSS) development tests for occupant protection &#8211; upper interior impact scenarios. The test results are in-line with project expectations at this phase of the project.</p>
  109. <p><strong>A video of the testing can be found here: </strong><strong>https://youtu.be/A47AAUY5it0</strong></p>
  110. <p>These development tests — focused on FMVSS No. 201: Occupant Protection for Upper Interior Head Impact — evaluating how well a vehicle protects occupants&#8217; heads during contact with upper interior components such as A-pillars, B-pillars, and roof trim areas. The regulation emphasizes passive safety performance in areas where airbags are packaged, as well as more severe testing in non-airbag zones, making it a rigorous assessment for interior trim design to protect unrestrained occupant heads primarily during rollover events.</p>
  111. <p>“The positive results for our FX Super One development tests are in-line with our expectations at this phase of the project and provides confidence in order to deliver the vehicle’s safety development of the project in a timely manner,” said Andrew Hall, Director, Safety, CAE &amp; Homologation at FF. “The test, which is part of a series of vehicle safety development tests that we are conducting, happened recently at the MGA Research facility in Troy, Michigan.”</p>
  112. <p>Using a Free Motion Head form (FMH), test engineers conducted impact tests at multiple locations defined by the regulation, and additional locations as part of Faradays commitment to develop safe vehicles for customers. The Head Injury Criterion (HIC) — a key indicator of potential head trauma — was recorded and analyzed for each point.</p>
  113. <p>The FMVSS No. 201 compliance process demands comprehensive design attention to interior geometry, padding materials, and energy absorption structures.</p>
  114. <p>&#8220;We sincerely thank the team for their efforts,” said Xiao (Max) Ma, Global CEO of Faraday X. “We are confident to complete the relevant testing and validation work with high quality and to high standards within a relatively short timeframe, as we continue to advance the project with strong momentum.”</p>
  115. <p>The FX Super One trial production phase is well under way at the Company’s manufacturing facility in Hanford, CA., and is primarily focused on planning and verifying production processes, operational workflows, and quality standards. In parallel, engineers and production staff at the Hanford factory are undergoing specialized training to support production readiness.</p>
  116. <p>Following this phase, the Company will proceed with comprehensive vehicle engineering of the vehicle, which includes continued safety testing, development and validation. These efforts are integral to ensuring that the FX Super One meets the highest standards of quality, performance, safety, and the end user experience.</p>
  117. <p>The FX Super One was unveiled on July 17 in Los Angeles and showcased the Super EAI F.A.C.E. (Front AI Communication Ecosystem) and the FF EAI Embodied AI Agent 6&#215;4 Architecture. The vehicle is positioned as an EAI-MPV that aims to redefine the traditional mobility experience long dominated by models such as the Cadillac Escalade.</p>
  118. <p><strong>ABOUT FARADAY FUTURE</strong></p>
  119. <p>Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company’s mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future’s flagship model, the FF91, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. For more information, please visit <u>https://www.ff.com/us/</u>.</p>
  120. <p><strong>FORWARD LOOKING STATEMENTS</strong></p>
  121. <p>This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding passing safety requirements, the Super One MPV, future job creation, future capital investments; future FF 91 owners, and production and sales goals in the U.S. and the UAE, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.</p>
  122. <p>Important factors, among others, that may affect actual results or outcomes include, among others: our ability to pass necessary safety requirements on a timely basis, if at all, the Company’s ability to secure the necessary funding to execute on its AI, EREV and Faraday X (FX) strategies, each of which will be substantial; the Company’s ability to design and develop EREV technology; the Company’s ability to design and develop AI-based solutions; competition in the AI and EREV areas, where actual or potential competitors have or are likely to have substantial advantages relative to the Company, including but not limited to experience, expertise, funding, infrastructure and personnel; the ability of the Company to execute across multiple concurrent strategies, including the UAE, bridge strategy, or FX, EREV, AI, and US geographic expansion; the Company&#8217;s ability to secure necessary agreements to license third-party range extender technology and/or license or produce FX vehicles in the U.S., the Middle East, or elsewhere, none of which have been secured; the Company&#8217;s ability to homologate FX vehicles for sale in the U.S., the Middle East, or elsewhere; and the Company&#8217;s ability to secure necessary permits at its Hanford, CA production facility; the potential impact of tariff policy; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company&#8217;s ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company&#8217;s control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company&#8217;s operations in China; the success of the Company&#8217;s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company&#8217;s ability to develop and protect its technologies; the Company&#8217;s ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on March 31, 2025, and other documents filed by the Company from time to time with the SEC.</p>
  123. <p><strong>CONTACTS</strong></p>
  124. <p><strong>Investors (English):</strong> <strong><u>ir@faradayfuture.com</u></strong></p>
  125. <p><strong>Investors (Chinese):</strong> <strong><u>cn-ir@faradayfuture.com</u></strong></p>
  126. <p><strong>Media: </strong> <strong><u>john.schilling@ff.com</u></strong></p>
  127. <p>A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/91fa0f94-512d-48c9-9cdd-7963ec419332</p>
  128. <p><img alt="" src='https://ml.globenewswire.com/media/NzFiZDg2MGItN2E2NC00OGU4LTk4NTctNzBkZmQ5OTFiYzE5LTEyMjE2MjAtMjAyNS0wOC0yMi1lbg==/tiny/Faraday-Future-Inc-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  129. ]]></content:encoded>
  133. </item>
  134. <item>
  135. <title>Wipro Acquires HARMAN’s Digital Transformation Solutions (DTS) Business Unit, Deepening Engineering Innovation and R&#038;D Excellence</title>
  136. <link>https://autoexcelsior.com/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence/54074/</link>
  138. <dc:creator><![CDATA[Business Wire India]]></dc:creator>
  139. <pubDate>Thu, 21 Aug 2025 12:44:00 +0000</pubDate>
  140. <category><![CDATA[Brand Post]]></category>
  141. <guid isPermaLink="false">https://autoexcelsior.com/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence/54074/</guid>
  142.  
  143. <description><![CDATA[<div style="margin-bottom:20px;"><img width="480" height="357" src="https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Wipro Acquires HARMAN’s Digital Transformation Solutions (DTS) Business Unit, Deepening Engineering Innovation and R&amp;D Excellence" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence.jpg 480w, https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence-300x223.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence-86x64.jpg 86w" sizes="auto, (max-width: 480px) 100vw, 480px" /></div>Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced that it has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, in a transaction that will accelerate Wipro&#8217;s mission to deliver next-generation engineering research &#38; development (ER&#38;D) [&#8230;]]]></description>
  144. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="480" height="357" src="https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Wipro Acquires HARMAN’s Digital Transformation Solutions (DTS) Business Unit, Deepening Engineering Innovation and R&amp;D Excellence" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence.jpg 480w, https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence-300x223.jpg 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/wipro-acquires-harmans-digital-transformation-solutions-dts-business-unit-deepening-engineering-innovation-and-rd-excellence-86x64.jpg 86w" sizes="auto, (max-width: 480px) 100vw, 480px" /></div><p><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:116%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, </span></span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:116%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:#222222">today announced that it has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, in a </span></span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:116%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">transaction </span></span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:116%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:#222222">that will accelerate Wipro&#8217;s mission to deliver next-generation engineering research &amp; development (ER&amp;D) services. </span></span></span></span></p>
  145. <p><b>Business Wire India</b></br></p>
  146. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, </span></span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:#222222">today announced that it has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit of HARMAN, a Samsung company, in a </span></span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:black">transaction </span></span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:#222222">that will accelerate Wipro&#8217;s mission to deliver next-generation engineering research &amp; development (ER&amp;D) services. </span></span></span></span></span></span></span></p>
  147. <p>&nbsp;</p>
  148. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">As part of the agreement, over 5,600 DTS employees, including key leadership, </span></span></span><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">across the Americas, Europe and Asia </span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">will transition to Wipro upon closing of the transaction. <span style="color:#222222">The acquisition is subject to regulatory approvals and is expected to close </span>by December <span style="color:#222222">31, 2025.</span></span></span></span></span></span></span></p>
  149. <p>&nbsp;</p>
  150. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">&ldquo;Welcoming DTS into the Wipro family marks a pivotal step in our transformation journey,&rdquo; said <b>Srini Pallia, CEO and Managing Director of Wipro Limited.</b> &ldquo;Their specialized engineering expertise, combined with Wipro&#8217;s consulting-led, AI-powered capabilities, will significantly enhance the value we deliver to clients. DTS&#8217; strong presence in high-growth sectors and strategic markets complements our global footprint and strengthens our position as a trusted transformation partner. Together, we&#8217;ll accelerate digital innovation, reduce time-to-market, and sharpen competitive advantage.&rdquo;</span></span></span></span></span></span></p>
  151. <p>&nbsp;</p>
  152. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">The DTS unit brings to Wipro a robust foundation in digital engineering and ER&amp;D, with strengths spanning domain-led design, connected products, and software platforms. DTS sets itself apart with its purposeful integration </span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">of deep engineering with AI-native platforms</span></span></span><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">, domain expertise, proprietary accelerators, and autonomous agent frameworks&mdash;enabling transformation at scale through technology designed around people. Combining DTS&#8217; personalized, high-touch service model with Wipro&#8217;s global scale, advanced technology ecosystem, and expansive resources, will allow clients to gain access to the best of both worlds: the agility and precision of a specialist provider and the reach and capabilities of a global leader.</span></span></span></span></span></span></p>
  153. <p>&nbsp;</p>
  154. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:#222222">&ldquo;</span></span></span></span><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">The acquisition of DTS marks a pivotal step in Wipro&#8217;s ambition to bring to our clients end-to-end, AI-powered engineering </span></span></span><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"><span style="color:#222222">services</span></span></span></span><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">,&rdquo; said <b>Srikumar Rao, Managing Partner and Global Head of Engineering at Wipro Limited</b>. &ldquo;Together, Wipro and DTS will enable clients to seamlessly connect the virtual and physical worlds, embed AI across the full spectrum of engineering, and unlock scalable innovation. This move strengthens our software-defined, platform-centric approach, and empowers us to deliver larger, more complex transformation programs across high-growth sectors including Hi-Tech, Consumer, Industrial, Healthcare, and Aerospace.&rdquo; </span></span></span></span></span></span></p>
  155. <p>&nbsp;</p>
  156. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><b><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">Christian Sobottka, CEO of HARMAN,</span></span></span></b><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"> added,<b> </b>&ldquo;This agreement unlocks the next chapter for the DTS business unit&mdash;one where it can scale faster, reach more clients in key industries, and fully realize its growth potential. As part of Wipro, a company with deep engineering prowess, DTS will have the complementary capabilities and ecosystem needed to expand its impact and accelerate the value it delivers to customers.&rdquo;</span></span></span></span></span></span></p>
  157. <p>&nbsp;</p>
  158. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><b><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">Carolin Reichert, Chief Strategy Officer at HARMAN,</span></span></span></b><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif"> said, &ldquo;We look forward to collaborating with DTS and Wipro to further the development of AI-first technologies and solutions across HARMAN&#8217;s product ecosystems. This transaction allows HARMAN to sharpen its focus on our core strengths in automotive electronics and audio innovation, where we see significant opportunity ahead.&rdquo;</span></span></span></span></span></span></p>
  159. <p>&nbsp;</p>
  160. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">As part of the acquisition, Wipro will enter into a multi-year strategic agreement with HARMAN and Samsung, further deepening the relationship and creating new avenues for joint growth and transformation.</span></span></span></span></span></span></p>
  161. <p>&nbsp;</p>
  162. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">Upon completion of the acquisition, DTS will be integrated into Wipro&#8217;s Engineering Global Business Line. </span></span></span></span></span></span></p>
  163. <p>&nbsp;</p>
  164. <p><span style="font-size:12pt"><span style="line-height:115%"><span style="font-family:Aptos,sans-serif"><span lang="EN-GB" style="font-size:11.0pt"><span style="line-height:115%"><span style="font-family:&quot;Calibri&quot;,sans-serif">Deutsche Bank Securities Inc. acted as the financial advisor to HARMAN in this transaction.</span></span></span></span></span></span></p>
  165. <p> <img id='img_pixel' src='https://bwi-api-react.businesswireindia.com/images/pixel.gif' alt='' width='0' height='0' border='0' loaded='' onload="javascript:if(document.getElementById('img_pixel').getAttribute('loaded')==''){document.getElementById('img_pixel').src='https://bwi-api-react.businesswireindia.com/api/BWIWesiteGet/partnerSiteAnalytics?value=MjamD%2FN25%2Bfg1NCyc5299Qh6kBvQAEqw%2FQhT6JSO4Y5g4Ag%3D&#038;referrer='+encodeURIComponent(document.referrer)+'&#038;current='+encodeURIComponent(document.URL);document.getElementById('img_pixel').setAttribute('loaded','k');}" /> <br />Disclaimer: The above press release comes to you under an arrangement with Business Wire India. We takes no editorial responsibility for the same.</p>
  166. ]]></content:encoded>
  170. </item>
  171. <item>
  172. <title>izmomicro Achieves Breakthrough in Silicon Photonics Packaging, Establishing India&#8217;s Leadership in Advanced Semiconductor Integration</title>
  173. <link>https://autoexcelsior.com/izmomicro-achieves-breakthrough-in-silicon-photonics-packaging-establishing-indias-leadership-in-advanced-semiconductor-integration/54076/</link>
  175. <dc:creator><![CDATA[PR Newswire]]></dc:creator>
  176. <pubDate>Thu, 21 Aug 2025 11:09:00 +0000</pubDate>
  177. <category><![CDATA[Brand Post]]></category>
  178. <guid isPermaLink="false">https://autoexcelsior.com/izmomicro-achieves-breakthrough-in-silicon-photonics-packaging-establishing-indias-leadership-in-advanced-semiconductor-integration/54076/</guid>
  179.  
  180. <description><![CDATA[<div style="margin-bottom:20px;"><img width="144" height="38" src="https://autoexcelsior.com/wp-content/uploads/2025/08/izmomicro-achieves-breakthrough-in-silicon-photonics-packaging-establishing-indias-leadership-in-advanced-semiconductor-integration.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="izmomicro Achieves Breakthrough in Silicon Photonics Packaging, Establishing India&#039;s Leadership in Advanced Semiconductor Integration" decoding="async" loading="lazy" /></div>BENGALURU, India, Aug. 21, 2025 /PRNewswire/ &#8212; izmomicro, a specialized division of izmo Ltd., today announced a major milestone in silicon photonics packaging, underscoring its role as a pioneer in India&#8217;s semiconductor ecosystem and advancing the country&#8217;s position in the global race toward next-generation data and AI infrastructure. izmomicro has developed a high-density silicon photonics packaging [&#8230;]]]></description>
  181. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="144" height="38" src="https://autoexcelsior.com/wp-content/uploads/2025/08/izmomicro-achieves-breakthrough-in-silicon-photonics-packaging-establishing-indias-leadership-in-advanced-semiconductor-integration.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="izmomicro Achieves Breakthrough in Silicon Photonics Packaging, Establishing India&#039;s Leadership in Advanced Semiconductor Integration" decoding="async" loading="lazy" /></div><p><span class="legendSpanClass">BENGALURU, <span class="xn-location">India</span></span>, <span class="legendSpanClass"><span class="xn-chron">Aug. 21, 2025</span></span> /PRNewswire/ &#8212; izmomicro, a specialized division of izmo Ltd., today announced a major milestone in silicon photonics packaging, underscoring its role as a pioneer in <span class="xn-location">India&#8217;s</span> semiconductor ecosystem and advancing the country&#8217;s position in the global race toward next-generation data and AI infrastructure.</p>
  182. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
  183. <p>
  184.                        <a href="https://mma.prnewswire.com/media/2755218/izmomicro_Logo.html" target="_blank" rel="nofollow"><br />
  185.                    <img decoding="async" src="https://mma.prnewswire.com/media/2755218/izmomicro_Logo.jpg" title="izmo Microsystems Pvt. Ltd. Logo" alt="izmo Microsystems Pvt. Ltd. Logo"></img><br />
  186.                        </a>
  187.                </p>
  188. </p></div>
  189. <p>izmomicro has developed a <b>high-density silicon photonics packaging platform</b> capable of supporting 32-channel fiber input and output with an industry-leading insertion loss of less than 2 dB. Achieving this level of density is one of the greatest challenges in the field, demanding nanometer-scale optical alignment, advanced assembly processes, and seamless integration of electronics. The module also incorporates 32 DC I/Os, 4 RF I/Os, and high-speed RF performance up to 70 GHz, setting a new benchmark for the integration of photonic and electronic systems.</p>
  190. <p>This achievement is the result of izmomicro&#8217;s continuing investment in cutting-edge R&amp;D and years of expertise in advanced semiconductor packaging. By solving the density and precision challenges in silicon photonics, izmomicro has addressed a critical bottleneck for the industry and positioned itself among a select group of companies worldwide capable of delivering this capability.</p>
  191. <p>The ability to deliver such high-density integration with ultra-low signal loss is central to the evolution of AI, cloud computing, and telecommunications. As traditional copper interconnects approach their physical limits, silicon photonics has emerged as the enabling technology for multi-terabit optical communication. By breaking through packaging constraints, izmomicro is helping unlock the scalability and efficiency required for hyperscale data centers, AI clusters, and next-generation 5G/6G networks.</p>
  192. <p>&#8220;Achieving this level of fiber density with ultra-low insertion loss is a defining moment for izmomicro,&#8221; said <b><span class="xn-person">Dinanath Soni</span></b>, Executive Director of izmomicro. &#8220;Only a handful of companies worldwide have demonstrated this capability, and we are proud to be the first in <span class="xn-location">India</span>. This breakthrough validates our years of R&amp;D in precision packaging and positions us as a critical partner for the global silicon photonics industry. As AI and data-driven applications demand ever-higher performance, our innovation will help power the infrastructure of the future.&#8221;</p>
  193. <p>The global silicon photonics market, valued at <span class="xn-money">USD 2.65 billion</span> in 2025, is projected to grow to over <span class="xn-money">USD 9 billion</span> by 2030, at a compound annual growth rate exceeding 25%. Much of this growth will be driven by the need for faster, more energy-efficient data transmission in cloud platforms, AI workloads, and telecommunications networks. With its breakthrough in packaging density, izmomicro is positioned to play a key role in this transformation.</p>
  194. <p><b>About Us</b></p>
  195. <p>izmomicro, a division of publicly listed izmo Ltd., is <span class="xn-location">India&#8217;s</span> first specialist in silicon photonics packaging and advanced semiconductor system integration. With a state-of-the-art Class 1000 Cleanroom facility in Bengaluru, the company provides design, packaging, and assembly solutions for high-performance computing, telecommunications, AI infrastructure, aerospace, and green energy. By combining deep expertise with global partnerships, izmomicro drives innovation in next-generation semiconductor technologies while supporting <span class="xn-location">India&#8217;s</span> <i>Make in <span class="xn-location">India</span></i> initiative.</p>
  196. <p>For more information, visit www.izmomicro.com</p>
  197. <p><b>Media Contact:</b><br /></br>izmomicro Communications<br /></br>Email: info@izmomicro.com</p>
  198. <p>Logo: https://mma.prnewswire.com/media/2755218/izmomicro_Logo.jpg</p>
  199. <p> </p>
  200. <p id="PURL"><img loading="lazy" decoding="async" title="Cision" width="12" height="12" alt="Cision" src="https://c212.net/c/img/favicon.png?sn=EN56353&amp;sd=2025-08-21"></img> View original content to download multimedia:https://www.prnewswire.com/in/news-releases/izmomicro-achieves-breakthrough-in-silicon-photonics-packaging-establishing-indias-leadership-in-advanced-semiconductor-integration-302535728.html</p>
  201. <p><img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=EN56353&amp;Transmission_Id=202508210709PR_NEWS_EURO_ND__EN56353&amp;DateId=20250821" style="border:0px; width:1px; height:1px;"></img>Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Auto Excelsior takes no editorial responsibility for the same.</p>
  202. ]]></content:encoded>
  206. </item>
  207. <item>
  208. <title>ECD Automotive Design Reports Second Quarter 2025 Financial Results; Record Quarterly Revenue of $7M and Expansion of Product Offering with Legendary Mustang</title>
  209. <link>https://autoexcelsior.com/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang/54072/</link>
  211. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  212. <pubDate>Wed, 20 Aug 2025 12:15:00 +0000</pubDate>
  213. <category><![CDATA[Brand Post]]></category>
  214. <guid isPermaLink="false">https://autoexcelsior.com/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang/54072/</guid>
  215.  
  216. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1370" height="645" src="https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ECD Automotive Design Reports Second Quarter 2025 Financial Results; Record Quarterly Revenue of $7M and Expansion of Product Offering with Legendary Mustang" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang.png 1370w, https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang-300x141.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang-1024x482.png 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang-768x362.png 768w" sizes="auto, (max-width: 1370px) 100vw, 1370px" /></div>Retail Experiences Deepen Customer Engagement and Brand Connection; $500M Equity Facility Supports Bitcoin Treasury and Growth Strategy; Victoria Hay Appointed as Chief Financial Officer KISSIMMEE, Fla., Aug. 20, 2025 (GLOBE NEWSWIRE) &#8212; ECD Automotive Design, Inc. (NASDAQ: ECDA), the (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its [&#8230;]]]></description>
  217. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1370" height="645" src="https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ECD Automotive Design Reports Second Quarter 2025 Financial Results; Record Quarterly Revenue of $7M and Expansion of Product Offering with Legendary Mustang" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang.png 1370w, https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang-300x141.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang-1024x482.png 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/ecd-automotive-design-reports-second-quarter-2025-financial-results-record-quarterly-revenue-of-7m-and-expansion-of-product-offering-with-legendary-mustang-768x362.png 768w" sizes="auto, (max-width: 1370px) 100vw, 1370px" /></div><p><em>Retail Experiences Deepen Customer Engagement and Brand Connection; $500M Equity Facility Supports Bitcoin Treasury and Growth Strategy; Victoria Hay Appointed as Chief Financial Officer</em></p>
  218. <p align="justify">KISSIMMEE, Fla., Aug.  20, 2025  (GLOBE NEWSWIRE) &#8212; ECD Automotive Design, Inc. (NASDAQ: ECDA), the (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced today its financial results for the second quarter ended June 30, 2025.</p>
  219. <p align="justify">Financial results and comparisons are based on re-stated numbers for 2023 and the first half of 2024.</p>
  220. <p align="justify"><strong>Second Quarter Highlights</strong></p>
  221. <ul type="disc">
  222. <li style="margin-bottom:8pt; text-align:justify;">Revenues were a record $7.0 million in the second quarter of 2025, compared to $6.5 million in the same year-ago quarter; driven by an increase in build revenue.</li>
  223. <li style="margin-bottom:8pt; text-align:justify;">Gross profit was $1.4 million in the second quarter of 2025, compared to $2.1 million in the same year-ago quarter; primarily reflecting the impact of an evolving tariff environment.</li>
  224. <li style="margin-bottom:8pt; text-align:justify;">Net loss was $4.3 million in the second quarter of 2025, compared to a net loss of $2.0 million in same year-ago quarter, the incremental loss was primarily driven by reduction in margin and increase in G&amp;A and interest expense.</li>
  225. <li style="margin-bottom:8pt; text-align:justify;">Delivered the first Mustang build in partnership with Roush Performance; ECD’s Mustang program will offer made-to-order builds across 1965–1970 model years.</li>
  226. <li style="margin-bottom:8pt; text-align:justify;">Signed $500 million facility intended for the strategic accumulation of Bitcoin to serve as the Company&#8217;s primary reserve asset and for the funding of growth and corporate purposes.</li>
  227. <li style="margin-bottom:8pt; text-align:justify;">Successful seasonal pop-up retail locations in Nantucket, MA and West Palm Beach, FL provided immersive luxury experiences and foundation for stand-alone retail expansion.</li>
  228. </ul>
  229. <p align="justify"><strong>Recent Business Highlights</strong></p>
  230. <ul type="disc">
  231. <li style="margin-bottom:8pt; text-align:justify;">Victoria Hay appointed as Chief Financial Officer effective August 15, 2025.
  232. <ul type="circle">
  233. <li style="margin-bottom:8pt; text-align:justify;">Mrs. Hay brings growth-stage public company experience as CFO and senior finance leader.</li>
  234. <li style="margin-bottom:8pt; text-align:justify;">Mrs. Hay and her firm Flexible Consulting, were engaged by ECD as advisors in March 2025 and have since played a key role in enhancing the Company’s accounting and internal controls.</li>
  235. <li style="margin-bottom:8pt; text-align:justify;">Ben Piggot will remain with ECD in a new role, Director of Corporate Development, and will lead strategic initiatives including mergers and acquisitions, investor engagement, and the Company’s evolving capital markets and Bitcoin treasury strategy.</li>
  236. </ul>
  237. </li>
  238. </ul>
  239. <p align="justify"><strong>Management Commentary</strong></p>
  240. <p align="justify">Speaking on the results for the quarter, Scott Wallace, CEO &amp; Co-Founder of ECD, stated, “As the only U.S. based producer of one-of-one classic luxury restomods within a scaled manufacturing line, ECD remains uniquely positioned in the current market environment. Our second quarter performance demonstrated this advantage, delivering record revenue of $7.0 million on the strength of bespoke demand and our manufacturing efficiencies. While gross profit of $1.4 million declined year-over-year due to tariff impacts, we remain confident in the long-term strength of our business model.</p>
  241. <p align="justify">“During the quarter, we delivered the first Mustang build under our new program with Roush Performance, which expands our product portfolio beyond Land Rover and Jaguar restorations into a new high-growth category of American muscle. We have seen strong early demand and industry recognition, with our Mustang winning Best of Class at the Route 66 Road Fest in Tulsa. With our West Palm Beach and Nantucket pop-up shops now live, we’re seeing meaningful contributions to our order backlog and ready-now sales. These locations serve as high-touch engagement hubs for the ECD brand, deepening customer connections and accelerating the conversion of inventory into cash. The success of these seasonal locations serves as a proof-of-concept for future standalone brick-and-mortar retail, reinforcing our ability to bring the ECD experience directly to high-net-worth communities.</p>
  242. <p align="justify">“In addition, we advanced initiatives to strengthen our financial foundation. We recently announced a series of cost structure and inventory optimization measures designed to enhance efficiency and improve working capital, while also securing a $500 million equity facility to support both our Bitcoin treasury strategy and broader growth objectives. Effective last week, Victoria Hay has joined as CFO, bringing public company experience and a proven track record at growth-stage businesses including Nasdaq-listed Nauticus Robotics. Her expertise coupled with disciplined operational execution and a focus on high-margin customization, keep us on track to fill our factory and deliver sustainable growth.”</p>
  243. <p align="justify"><strong>Second Quarter 2025 Financial Results</strong></p>
  244. <p align="justify"><strong>Revenue:</strong> ECD reported second quarter revenue of $7.0 million compared to $6.5 million for the prior year.</p>
  245. <p align="justify"><strong>Gross Profit:</strong> ECD reported second quarter profit of $1.4 million compared to $2.1 million for the prior year.</p>
  246. <p align="justify"><strong>Operating expenses:</strong> Total expenses during the second quarter were $4.0 million, a $1.4 million increase from the prior-year period.</p>
  247. <p align="justify"><strong>Operating loss: </strong>Operating loss reported during the second quarter was $2.6 million, a $2.1 million increase from the prior-year period.</p>
  248. <p align="justify"><strong>Net loss: </strong>Net loss reported during the second quarter was $4.3 million, a $2.3 million increase from the prior-year period.</p>
  249. <p align="justify"><strong>Non-GAAP Adjusted EBITDA:</strong> Adjusted EBITDA, reported during the second quarter was negative $1.5 million, a $1.5 million decrease from the prior-year period.</p>
  250. <p><strong>Earnings Call and Webcast</strong></p>
  251. <p>Management will host the conference call.</p>
  252. <p style="padding-left:30px;">Date: Thursday, August 21, 2025</p>
  253. <p style="padding-left:30px;">Time: 8:30 AM Eastern Time (5:30 PM Pacific Time)</p>
  254. <p style="padding-left:30px;">U.S. dial-in number: 877-407-4018</p>
  255. <p style="padding-left:30px;">International number: 201-689-8471</p>
  256. <p style="padding-left:30px;">Webcast: 2Q 2025 Webcast Link</p>
  257. <p>The Company will also provide a link at https://ecdautodesign.com/ecd-investors/. Please call the conference telephone number 5-10 minutes prior to the start time.</p>
  258. <p>A telephonic replay of the conference call will also be available through September 4, 2025.</p>
  259. <p style="padding-left:30px;">Toll-free replay number: 844-512-2921</p>
  260. <p style="padding-left:30px;">International replay number: 412-317-6671</p>
  261. <p style="padding-left:30px;">Replay passcode: 13755516</p>
  262. <p align="justify"><strong>About ECD Auto Design</strong></p>
  263. <p align="justify">ECD, a public company trading under ECDA on the Nasdaq, is a creator of restored luxury vehicles that combines classic English beauty with modern performance. Currently, ECD restores Land Rover Defenders, Land Rover Series IIA, the Range Rover Classic, the Jaguar E-Type and we have recently added Ford Mustang and Toyota FJ. Historically, each vehicle produced by ECD was fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in 2,200 hours by master-certified Automotive Service Excellence (&#8220;ASE&#8221;) craftsmen. The Company was founded in 2013 by three British &#8220;gear heads&#8217; whose passion for classic vehicles is the driving force behind exceptionally high standards for quality, custom luxury vehicles. ECD&#8217;s global headquarters, known as the &#8220;Rover Dome,&#8221; is a 100,000-square-foot facility located in Kissimmee, Florida that is home to 102 staff with 67 talented craftsmen and technicians, who hold a combined 66 ASE and three master level certifications. ECD has an affiliated logistics center in the U.K. where its seven employees work to source and transport 25-year-old work vehicles back to the U.S. for restoration. For more information, visit www.ecdautodesign.com.</p>
  264. <p align="justify"><strong>About Non-GAAP Financial Measures</strong></p>
  265. <p align="justify">The Company believes that EBITDA (earnings before interest, taxes, depreciation and amortization) is useful to investors because it is commonly used to evaluate companies on the basis of operating performance and leverage.</p>
  266. <p align="justify">EBITDA is not intended to represent cash flows for the periods presented, nor have they been presented as an alternative to operating income or as an indicator of operating performance and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In accordance with SEC Regulation G, the non-GAAP measurements in this press release have been reconciled to the nearest GAAP measurement, which can be viewed under the heading “Reconciliation of Net Income (loss) from Operations to EBITDA” in the financial tables included in this press release.</p>
  267. <p align="justify"><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p>
  268. <p align="justify">This press release includes express or implied statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Forward-looking statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and may contain projections of our future results of operations or of our financial information or state other forward-looking information. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “attempting,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2024 with the SEC, which can be obtained on the SEC website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.</p>
  269. <p><strong>Investor Relations</strong><br />investorrelations@ecdautodesign.com</p>
  270. <p align="center"></p>
  271. <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
  272. <tr>
  273. <td colspan="8" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>ECD AUTOMOTIVE DESIGN, INC</strong><br /><strong>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</strong><strong><br /></strong></td>
  274. </tr>
  275. <tr>
  276. <td colspan="8" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  277. </tr>
  278. <tr>
  279. <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  280. <td colspan="3" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>June 30,</strong></td>
  281. <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  282. <td colspan="3" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>December 31,</strong></td>
  283. </tr>
  284. <tr>
  285. <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  286. <td colspan="3" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong></td>
  287. <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  288. <td colspan="3" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong></td>
  289. </tr>
  290. <tr>
  291. <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  292. <td colspan="3" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  293. <td style="vertical-align: bottom ; "> </td>
  294. <td colspan="3" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  295. </tr>
  296. <tr>
  297. <td style="vertical-align: bottom ; "><strong>ASSETS</strong></td>
  298. <td colspan="3" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  299. <td style="vertical-align: bottom ; "> </td>
  300. <td colspan="3" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  301. </tr>
  302. <tr>
  303. <td style="vertical-align: bottom ; ">Current assets:</td>
  304. <td colspan="3" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  305. <td style="vertical-align: bottom ; "> </td>
  306. <td colspan="3" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  307. </tr>
  308. <tr>
  309. <td style="max-width:71%; width:71%; min-width:71%;;vertical-align: bottom ; ">Cash and cash equivalents</td>
  310. <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td>
  311. <td style="max-width:12%; width:12%; min-width:12%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">605,305</td>
  312. <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  313. <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; "> </td>
  314. <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td>
  315. <td style="max-width:12%; width:12%; min-width:12%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,476,850</td>
  316. <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  317. </tr>
  318. <tr>
  319. <td style="vertical-align: bottom ; ">Accounts receivable, net</td>
  320. <td style="vertical-align: bottom ; "> </td>
  321. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">606,355</td>
  322. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  323. <td style="vertical-align: bottom ; "> </td>
  324. <td style="vertical-align: bottom ; "> </td>
  325. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">45,022</td>
  326. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  327. </tr>
  328. <tr>
  329. <td style="vertical-align: bottom ; ">Inventories</td>
  330. <td style="vertical-align: bottom ; "> </td>
  331. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">7,918,552</td>
  332. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  333. <td style="vertical-align: bottom ; "> </td>
  334. <td style="vertical-align: bottom ; "> </td>
  335. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">11,181,806</td>
  336. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  337. </tr>
  338. <tr>
  339. <td style="vertical-align: bottom ; ">Prepaid and other current assets</td>
  340. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  341. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">211,141</td>
  342. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  343. <td style="vertical-align: bottom ; "> </td>
  344. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  345. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">239,864</td>
  346. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  347. </tr>
  348. <tr>
  349. <td style="vertical-align: bottom ; ">Total current assets</td>
  350. <td style="vertical-align: bottom ; "> </td>
  351. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">9,341,353</td>
  352. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  353. <td style="vertical-align: bottom ; "> </td>
  354. <td style="vertical-align: bottom ; "> </td>
  355. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">12,943,542</td>
  356. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  357. </tr>
  358. <tr>
  359. <td style="vertical-align: bottom ; "> </td>
  360. <td style="vertical-align: bottom ; "> </td>
  361. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  362. <td style="vertical-align: bottom ; "> </td>
  363. <td style="vertical-align: bottom ; "> </td>
  364. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  365. </tr>
  366. <tr>
  367. <td style="vertical-align: bottom ; ">Goodwill</td>
  368. <td style="vertical-align: bottom ; "> </td>
  369. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,291,098</td>
  370. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  371. <td style="vertical-align: bottom ; "> </td>
  372. <td style="vertical-align: bottom ; "> </td>
  373. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,291,098</td>
  374. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  375. </tr>
  376. <tr>
  377. <td style="vertical-align: bottom ; ">Property and equipment, net</td>
  378. <td style="vertical-align: bottom ; "> </td>
  379. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">437,257</td>
  380. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  381. <td style="vertical-align: bottom ; "> </td>
  382. <td style="vertical-align: bottom ; "> </td>
  383. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">483,878</td>
  384. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  385. </tr>
  386. <tr>
  387. <td style="vertical-align: bottom ; ">Intangible asset, net</td>
  388. <td style="vertical-align: bottom ; "> </td>
  389. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">7,500</td>
  390. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  391. <td style="vertical-align: bottom ; "> </td>
  392. <td style="vertical-align: bottom ; "> </td>
  393. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">12,000</td>
  394. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  395. </tr>
  396. <tr>
  397. <td style="vertical-align: bottom ; ">Right-of-use assets</td>
  398. <td style="vertical-align: bottom ; "> </td>
  399. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,218,074</td>
  400. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  401. <td style="vertical-align: bottom ; "> </td>
  402. <td style="vertical-align: bottom ; "> </td>
  403. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,404,983</td>
  404. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  405. </tr>
  406. <tr>
  407. <td style="vertical-align: bottom ; ">Deposit</td>
  408. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  409. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">60,200</td>
  410. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  411. <td style="vertical-align: bottom ; "> </td>
  412. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  413. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">60,200</td>
  414. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  415. </tr>
  416. <tr>
  417. <td style="vertical-align: bottom ; ">TOTAL ASSETS</td>
  418. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
  419. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">14,355,482</td>
  420. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  421. <td style="vertical-align: bottom ; "> </td>
  422. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
  423. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">18,195,701</td>
  424. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  425. </tr>
  426. <tr>
  427. <td style="vertical-align: bottom ; "> </td>
  428. <td style="border-top: double black 3pt ; vertical-align: bottom ; "> </td>
  429. <td colspan="2" style="border-top: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  430. <td style="vertical-align: bottom ; "> </td>
  431. <td style="border-top: double black 3pt ; vertical-align: bottom ; "> </td>
  432. <td colspan="2" style="border-top: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  433. </tr>
  434. <tr>
  435. <td style="vertical-align: bottom ; "><strong>LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT</strong></td>
  436. <td style="vertical-align: bottom ; "> </td>
  437. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  438. <td style="vertical-align: bottom ; "> </td>
  439. <td style="vertical-align: bottom ; "> </td>
  440. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  441. </tr>
  442. <tr>
  443. <td style="vertical-align: bottom ; ">Current liabilities:</td>
  444. <td style="vertical-align: bottom ; "> </td>
  445. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  446. <td style="vertical-align: bottom ; "> </td>
  447. <td style="vertical-align: bottom ; "> </td>
  448. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  449. </tr>
  450. <tr>
  451. <td style="vertical-align: bottom ; ">Accounts payable</td>
  452. <td style="vertical-align: bottom ; ">$</td>
  453. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,966,179</td>
  454. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  455. <td style="vertical-align: bottom ; "> </td>
  456. <td style="vertical-align: bottom ; ">$</td>
  457. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,494,664</td>
  458. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  459. </tr>
  460. <tr>
  461. <td style="vertical-align: bottom ; ">Accrued expenses</td>
  462. <td style="vertical-align: bottom ; "> </td>
  463. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,704,981</td>
  464. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  465. <td style="vertical-align: bottom ; "> </td>
  466. <td style="vertical-align: bottom ; "> </td>
  467. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,686,598</td>
  468. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  469. </tr>
  470. <tr>
  471. <td style="vertical-align: bottom ; ">Deferred revenue</td>
  472. <td style="vertical-align: bottom ; "> </td>
  473. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">8,969,670</td>
  474. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  475. <td style="vertical-align: bottom ; "> </td>
  476. <td style="vertical-align: bottom ; "> </td>
  477. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">11,802,825</td>
  478. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  479. </tr>
  480. <tr>
  481. <td style="vertical-align: bottom ; ">Lease liability, current</td>
  482. <td style="vertical-align: bottom ; "> </td>
  483. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">354,576</td>
  484. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  485. <td style="vertical-align: bottom ; "> </td>
  486. <td style="vertical-align: bottom ; "> </td>
  487. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">353,612</td>
  488. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  489. </tr>
  490. <tr>
  491. <td style="vertical-align: bottom ; ">Floor plan payable</td>
  492. <td style="vertical-align: bottom ; "> </td>
  493. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">498,320</td>
  494. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  495. <td style="vertical-align: bottom ; "> </td>
  496. <td style="vertical-align: bottom ; "> </td>
  497. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,212,000</td>
  498. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  499. </tr>
  500. <tr>
  501. <td style="vertical-align: bottom ; ">Other payables</td>
  502. <td style="vertical-align: bottom ; "> </td>
  503. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">885,326</td>
  504. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  505. <td style="vertical-align: bottom ; "> </td>
  506. <td style="vertical-align: bottom ; "> </td>
  507. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,364,222</td>
  508. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  509. </tr>
  510. <tr>
  511. <td style="vertical-align: bottom ; ">Notes payable</td>
  512. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  513. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,762,699</td>
  514. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  515. <td style="vertical-align: bottom ; "> </td>
  516. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  517. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  518. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  519. </tr>
  520. <tr>
  521. <td style="vertical-align: bottom ; ">Total current liabilities</td>
  522. <td style="vertical-align: bottom ; "> </td>
  523. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">16,141,749</td>
  524. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  525. <td style="vertical-align: bottom ; "> </td>
  526. <td style="vertical-align: bottom ; "> </td>
  527. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">18,913,921</td>
  528. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  529. </tr>
  530. <tr>
  531. <td style="vertical-align: bottom ; "> </td>
  532. <td style="vertical-align: bottom ; "> </td>
  533. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  534. <td style="vertical-align: bottom ; "> </td>
  535. <td style="vertical-align: bottom ; "> </td>
  536. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  537. </tr>
  538. <tr>
  539. <td style="vertical-align: bottom ; ">Lease liability, non-current</td>
  540. <td style="vertical-align: bottom ; "> </td>
  541. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,199,502</td>
  542. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  543. <td style="vertical-align: bottom ; "> </td>
  544. <td style="vertical-align: bottom ; "> </td>
  545. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,373,571</td>
  546. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  547. </tr>
  548. <tr>
  549. <td style="vertical-align: bottom ; ">Convertible notes, net of debt discount</td>
  550. <td style="vertical-align: bottom ; "> </td>
  551. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">18,142,482</td>
  552. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  553. <td style="vertical-align: bottom ; "> </td>
  554. <td style="vertical-align: bottom ; "> </td>
  555. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">14,085,932</td>
  556. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  557. </tr>
  558. <tr>
  559. <td style="vertical-align: bottom ; ">Warrant liabilities, at fair value</td>
  560. <td style="vertical-align: bottom ; "> </td>
  561. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">589</td>
  562. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  563. <td style="vertical-align: bottom ; "> </td>
  564. <td style="vertical-align: bottom ; "> </td>
  565. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">486,559</td>
  566. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  567. </tr>
  568. <tr>
  569. <td style="vertical-align: bottom ; ">Conversion option, at fair value</td>
  570. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  571. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,219</td>
  572. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  573. <td style="vertical-align: bottom ; "> </td>
  574. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  575. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">313,191</td>
  576. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  577. </tr>
  578. <tr>
  579. <td style="vertical-align: bottom ; ">Total liabilities</td>
  580. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  581. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">37,485,542</td>
  582. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  583. <td style="vertical-align: bottom ; "> </td>
  584. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  585. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">37,173,174</td>
  586. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  587. </tr>
  588. <tr>
  589. <td style="vertical-align: bottom ; "> </td>
  590. <td style="vertical-align: bottom ; "> </td>
  591. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  592. <td style="vertical-align: bottom ; "> </td>
  593. <td style="vertical-align: bottom ; "> </td>
  594. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  595. </tr>
  596. <tr>
  597. <td style="vertical-align: bottom ; ">Commitments and contingencies (Note 14)</td>
  598. <td style="vertical-align: bottom ; "> </td>
  599. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  600. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  601. <td style="vertical-align: bottom ; "> </td>
  602. <td style="vertical-align: bottom ; "> </td>
  603. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  604. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  605. </tr>
  606. <tr>
  607. <td style="vertical-align: bottom ; "> </td>
  608. <td style="vertical-align: bottom ; "> </td>
  609. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  610. <td style="vertical-align: bottom ; "> </td>
  611. <td style="vertical-align: bottom ; "> </td>
  612. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  613. </tr>
  614. <tr>
  615. <td style="vertical-align: bottom ; ">Series A preferred stock, $0.0001 par value, 20,000,000 authorized shares; 15,000 and 6,500 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively</td>
  616. <td style="vertical-align: bottom ; "> </td>
  617. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2</td>
  618. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  619. <td style="vertical-align: bottom ; "> </td>
  620. <td style="vertical-align: bottom ; "> </td>
  621. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1</td>
  622. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  623. </tr>
  624. <tr>
  625. <td style="vertical-align: bottom ; "> </td>
  626. <td style="vertical-align: bottom ; "> </td>
  627. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  628. <td style="vertical-align: bottom ; "> </td>
  629. <td style="vertical-align: bottom ; "> </td>
  630. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  631. </tr>
  632. <tr>
  633. <td style="vertical-align: bottom ; ">Stockholders’ deficit:</td>
  634. <td style="vertical-align: bottom ; "> </td>
  635. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  636. <td style="vertical-align: bottom ; "> </td>
  637. <td style="vertical-align: bottom ; "> </td>
  638. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  639. </tr>
  640. <tr>
  641. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">Series B preferred stock, $.0001 par value, 4,000 authorized; 0 issued shares and 0 outstanding as of June 30, 2025 and December 31, 2024, respectively</td>
  642. <td style="vertical-align: bottom ; "> </td>
  643. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  644. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  645. <td style="vertical-align: bottom ; "> </td>
  646. <td style="vertical-align: bottom ; "> </td>
  647. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  648. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  649. </tr>
  650. <tr>
  651. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">Series C preferred stock, $0.0001 par value, 200,000 authorized shares; 2,550 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively</td>
  652. <td style="vertical-align: bottom ; "> </td>
  653. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  654. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  655. <td style="vertical-align: bottom ; "> </td>
  656. <td style="vertical-align: bottom ; "> </td>
  657. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  658. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  659. </tr>
  660. <tr>
  661. <td style="vertical-align: bottom ; ">Common stock, $0.0001 par value, 1,000,000,000 authorized shares; 47,582,259 shares and 36,499,662 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively</td>
  662. <td style="vertical-align: bottom ; "> </td>
  663. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">4,758</td>
  664. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  665. <td style="vertical-align: bottom ; "> </td>
  666. <td style="vertical-align: bottom ; "> </td>
  667. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,650</td>
  668. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  669. </tr>
  670. <tr>
  671. <td style="vertical-align: bottom ; ">Additional paid-in capital</td>
  672. <td style="vertical-align: bottom ; "> </td>
  673. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">5,445,078</td>
  674. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  675. <td style="vertical-align: bottom ; "> </td>
  676. <td style="vertical-align: bottom ; "> </td>
  677. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,576,498</td>
  678. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  679. </tr>
  680. <tr>
  681. <td style="vertical-align: bottom ; ">Other comprehensive income</td>
  682. <td style="vertical-align: bottom ; "> </td>
  683. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(8,361</td>
  684. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  685. <td style="vertical-align: bottom ; "> </td>
  686. <td style="vertical-align: bottom ; "> </td>
  687. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(6,696</td>
  688. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  689. </tr>
  690. <tr>
  691. <td style="vertical-align: bottom ; ">Accumulated deficit</td>
  692. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  693. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(28,571,537</td>
  694. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  695. <td style="vertical-align: bottom ; "> </td>
  696. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  697. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(21,550,926</td>
  698. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  699. </tr>
  700. <tr>
  701. <td style="vertical-align: bottom ; ">Total Stockholders’ Deficit</td>
  702. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  703. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(23,130,062</td>
  704. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  705. <td style="vertical-align: bottom ; "> </td>
  706. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  707. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(18,977,474</td>
  708. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  709. </tr>
  710. <tr>
  711. <td style="vertical-align: bottom ; ">TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT</td>
  712. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
  713. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">14,355,482</td>
  714. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  715. <td style="vertical-align: bottom ; "> </td>
  716. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; vertical-align: bottom ; ">$</td>
  717. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">18,195,701</td>
  718. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  719. </tr>
  720. <tr>
  721. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; "> </td>
  722. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  723. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  724. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  725. <td style="vertical-align: bottom ; "> </td>
  726. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  727. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  728. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  729. </tr>
  730. </table>
  731. <p align="center"></p>
  732. <table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
  733. <tr>
  734. <td colspan="20" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>ECD AUTOMOTIVE DESIGN, INC.<br /></strong><strong>Unaudited Condensed Consolidated Statements of Operations</strong></td>
  735. </tr>
  736. <tr>
  737. <td colspan="20" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  738. </tr>
  739. <tr>
  740. <td style="vertical-align: bottom ; "> </td>
  741. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  742. <td colspan="5" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2025</strong></td>
  743. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  744. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  745. <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2024</strong></td>
  746. <td style="vertical-align: bottom ; "> </td>
  747. <td style="border-bottom: solid black 1pt ; border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  748. <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2025</strong></td>
  749. <td colspan="2" style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  750. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  751. <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2024</strong></td>
  752. </tr>
  753. <tr>
  754. <td style="vertical-align: bottom ; "> </td>
  755. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  756. <td colspan="5" style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  757. <td style="vertical-align: bottom ; "> </td>
  758. <td style="vertical-align: bottom ; "> </td>
  759. <td colspan="2" style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  760. <td style="vertical-align: bottom ; "> </td>
  761. <td style="vertical-align: bottom ; "> </td>
  762. <td colspan="2" style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  763. <td style="vertical-align: bottom ; "> </td>
  764. <td colspan="2" style="vertical-align: bottom ; "> </td>
  765. <td colspan="2" style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  766. </tr>
  767. <tr>
  768. <td style="max-width:53%; width:53%; min-width:53%;;vertical-align: bottom ; "><strong>Revenue, net</strong></td>
  769. <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td>
  770. <td colspan="4" style="max-width:9%; width:9%; min-width:9%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">7,015,892</td>
  771. <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  772. <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  773. <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td>
  774. <td style="max-width:9%; width:9%; min-width:9%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">6,454,418</td>
  775. <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  776. <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  777. <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td>
  778. <td style="max-width:9%; width:9%; min-width:9%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">13,437,263</td>
  779. <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  780. <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  781. <td colspan="2" style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td>
  782. <td style="max-width:9%; width:9%; min-width:9%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">13,444,164</td>
  783. <td style="max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  784. </tr>
  785. <tr>
  786. <td style="vertical-align: bottom ; ">Cost of goods sold (exclusive of depreciation) expense shown below)</td>
  787. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  788. <td colspan="4" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">5,627,448</td>
  789. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  790. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  791. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  792. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">4,399,575</td>
  793. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  794. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  795. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  796. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">10,284,247</td>
  797. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  798. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  799. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  800. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">9,863,688</td>
  801. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  802. </tr>
  803. <tr>
  804. <td style="vertical-align: bottom ; ">Gross profit</td>
  805. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  806. <td colspan="4" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,388,444</td>
  807. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  808. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  809. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  810. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,054,843</td>
  811. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  812. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  813. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  814. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,153,016</td>
  815. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  816. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  817. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  818. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,580,476</td>
  819. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  820. </tr>
  821. <tr>
  822. <td style="vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; "> </td>
  823. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  824. <td colspan="5" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  825. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  826. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  827. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  828. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  829. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  830. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  831. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  832. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  833. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  834. </tr>
  835. <tr>
  836. <td style="vertical-align: bottom ; ">Operating expenses:</td>
  837. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  838. <td colspan="5" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  839. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  840. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  841. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  842. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  843. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  844. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  845. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  846. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  847. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  848. </tr>
  849. <tr>
  850. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Advertising and marketing expenses</td>
  851. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  852. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">281,503</td>
  853. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  854. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  855. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  856. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">284,572</td>
  857. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  858. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  859. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  860. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">572,382</td>
  861. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  862. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  863. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  864. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">627,981</td>
  865. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  866. </tr>
  867. <tr>
  868. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">General and administrative expenses</td>
  869. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  870. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,674,493</td>
  871. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  872. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  873. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  874. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,269,299</td>
  875. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  876. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  877. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  878. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">7,068,038</td>
  879. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  880. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  881. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  882. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">4,412,849</td>
  883. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  884. </tr>
  885. <tr>
  886. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Provision for credit losses</td>
  887. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  888. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">20,213</td>
  889. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  890. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  891. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  892. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  893. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  894. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  895. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  896. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">29,508</td>
  897. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  898. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  899. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  900. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  901. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  902. </tr>
  903. <tr>
  904. <td style="vertical-align: bottom ; ">Depreciation and amortization expenses</td>
  905. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  906. <td colspan="4" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">25,757</td>
  907. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  908. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  909. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  910. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">32,347</td>
  911. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  912. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  913. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  914. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">51,121</td>
  915. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  916. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  917. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  918. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">75,099</td>
  919. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  920. </tr>
  921. <tr>
  922. <td style="vertical-align: bottom ; ">Total operating expenses</td>
  923. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  924. <td colspan="4" style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">4,001,965</td>
  925. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  926. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  927. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  928. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,586,218</td>
  929. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  930. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  931. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  932. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">7,721,045</td>
  933. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  934. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  935. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  936. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">5,115,929</td>
  937. <td style="border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  938. </tr>
  939. <tr>
  940. <td style="vertical-align: bottom ; "> </td>
  941. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  942. <td colspan="5" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  943. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  944. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  945. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  946. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  947. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  948. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  949. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  950. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  951. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  952. </tr>
  953. <tr>
  954. <td style="vertical-align: bottom ; ">Loss from operations</td>
  955. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  956. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,613,521</td>
  957. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  958. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  959. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  960. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(531,375</td>
  961. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  962. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  963. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  964. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(4,568,029</td>
  965. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  966. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  967. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  968. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,535,453</td>
  969. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  970. </tr>
  971. <tr>
  972. <td style="vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; "> </td>
  973. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  974. <td colspan="5" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  975. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  976. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  977. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  978. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  979. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  980. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  981. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  982. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  983. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  984. </tr>
  985. <tr>
  986. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Other income (expense)</td>
  987. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  988. <td colspan="5" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  989. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  990. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  991. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  992. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  993. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  994. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  995. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  996. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  997. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  998. </tr>
  999. <tr>
  1000. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Interest expense</td>
  1001. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1002. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,105,348</td>
  1003. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1004. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1005. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1006. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,306,524</td>
  1007. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1008. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1009. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1010. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(3,962,327</td>
  1011. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1012. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1013. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1014. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,442,824</td>
  1015. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1016. </tr>
  1017. <tr>
  1018. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Change in fair value of warrant liabilities</td>
  1019. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1020. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">42,744</td>
  1021. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1022. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1023. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1024. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(286,684</td>
  1025. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1026. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1027. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1028. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">519,327</td>
  1029. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1030. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1031. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1032. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(45,045</td>
  1033. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1034. </tr>
  1035. <tr>
  1036. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Change in fair value of conversion option liabilities</td>
  1037. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1038. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">88,510</td>
  1039. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1040. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1041. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1042. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(176,194</td>
  1043. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1044. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1045. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1046. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">360,989</td>
  1047. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1048. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1049. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1050. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(236,859</td>
  1051. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1052. </tr>
  1053. <tr>
  1054. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Gain on conversion of debt to preferred stock</td>
  1055. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1056. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">433,881</td>
  1057. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1058. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1059. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1060. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1061. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1062. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1063. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1064. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">433,881</td>
  1065. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1066. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1067. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1068. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1069. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1070. </tr>
  1071. <tr>
  1072. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Foreign exchange loss</td>
  1073. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1074. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(15,338</td>
  1075. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1076. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1077. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1078. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(5,816</td>
  1079. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1080. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1081. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1082. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(8,829</td>
  1083. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1084. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1085. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1086. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(10,520</td>
  1087. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1088. </tr>
  1089. <tr>
  1090. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Resale commissions income</td>
  1091. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1092. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">16,680</td>
  1093. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1094. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1095. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1096. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1097. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1098. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1099. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1100. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">61,600</td>
  1101. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1102. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1103. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1104. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">85,100</td>
  1105. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1106. </tr>
  1107. <tr>
  1108. <td style="vertical-align: bottom ; ">Other income (expense), net</td>
  1109. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1110. <td colspan="4" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(117,902</td>
  1111. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1112. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1113. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1114. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">267,386</td>
  1115. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1116. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1117. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1118. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(257,223</td>
  1119. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1120. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1121. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1122. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">225,812</td>
  1123. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1124. </tr>
  1125. <tr>
  1126. <td style="vertical-align: bottom ; ">Total other expense, net</td>
  1127. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1128. <td colspan="4" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,656,773</td>
  1129. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">))</td>
  1130. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1131. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1132. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,507,832</td>
  1133. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1134. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1135. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1136. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,852,582</td>
  1137. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1138. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1139. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1140. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,831,336</td>
  1141. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1142. </tr>
  1143. <tr>
  1144. <td style="vertical-align: bottom ; "> </td>
  1145. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1146. <td colspan="5" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1147. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1148. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1149. <td colspan="2" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1150. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1151. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1152. <td colspan="2" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1153. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1154. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1155. <td colspan="2" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1156. </tr>
  1157. <tr>
  1158. <td style="vertical-align: bottom ; ">Loss before income taxes</td>
  1159. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1160. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(4,270,294</td>
  1161. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1162. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1163. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1164. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,039,207</td>
  1165. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1166. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1167. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1168. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(7,420,611</td>
  1169. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1170. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1171. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1172. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(4,366,789</td>
  1173. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1174. </tr>
  1175. <tr>
  1176. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Income tax benefit (expense)</td>
  1177. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1178. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1179. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1180. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1181. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1182. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">9,712</td>
  1183. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1184. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1185. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1186. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">400,000</td>
  1187. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1188. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1189. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1190. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(522,568</td>
  1191. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1192. </tr>
  1193. <tr>
  1194. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Net loss</td>
  1195. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "><strong>$</strong></td>
  1196. <td colspan="4" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "><strong>(4,270,294</strong></td>
  1197. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>)</strong></td>
  1198. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1199. <td style="vertical-align: bottom ; "><strong>$</strong></td>
  1200. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "><strong>(2,029,495</strong></td>
  1201. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>)</strong></td>
  1202. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1203. <td style="vertical-align: bottom ; "><strong>$</strong></td>
  1204. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "><strong>(7,420,611</strong></td>
  1205. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>)</strong></td>
  1206. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1207. <td colspan="2" style="vertical-align: bottom ; "><strong>$</strong></td>
  1208. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "><strong>(4,889,357</strong></td>
  1209. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "><strong>)</strong></td>
  1210. </tr>
  1211. <tr>
  1212. <td style="vertical-align: bottom ; "> </td>
  1213. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  1214. <td colspan="5" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1215. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1216. <td style="vertical-align: bottom ; "> </td>
  1217. <td colspan="2" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1218. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1219. <td style="vertical-align: bottom ; "> </td>
  1220. <td colspan="2" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1221. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1222. <td colspan="2" style="vertical-align: bottom ; "> </td>
  1223. <td colspan="2" style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1224. </tr>
  1225. <tr>
  1226. <td style="vertical-align: bottom ; ">Net loss per common share, basic and diluted</td>
  1227. <td style="vertical-align: bottom ; ">$</td>
  1228. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(0.11</td>
  1229. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1230. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1231. <td style="vertical-align: bottom ; ">$</td>
  1232. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(0.06</td>
  1233. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1234. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1235. <td style="vertical-align: bottom ; ">$</td>
  1236. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(0.19</td>
  1237. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1238. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1239. <td colspan="2" style="vertical-align: bottom ; ">$</td>
  1240. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(0.15</td>
  1241. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1242. </tr>
  1243. <tr>
  1244. <td style="vertical-align: bottom ; ">Weighted average number of common shares outstanding, basic and diluted</td>
  1245. <td style="text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1246. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; ">37,222,427</td>
  1247. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1248. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1249. <td style="text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1250. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; ">31,976,585</td>
  1251. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1252. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1253. <td style="text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1254. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; ">36,309,363</td>
  1255. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1256. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1257. <td colspan="2" style="text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1258. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; ">31,898,151</td>
  1259. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; "> </td>
  1260. </tr>
  1261. <tr>
  1262. <td style="vertical-align: bottom ; "> </td>
  1263. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1264. <td colspan="4" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1265. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1266. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1267. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1268. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1269. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1270. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1271. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1272. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1273. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1274. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1275. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1276. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1277. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1278. </tr>
  1279. </table>
  1280. <p align="center"></p>
  1281. <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
  1282. <tr>
  1283. <td colspan="8" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>ECD AUTOMOTIVE DESIGN, INC</strong><br /><strong>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</strong></td>
  1284. </tr>
  1285. <tr>
  1286. <td colspan="8" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1287. </tr>
  1288. <tr>
  1289. <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1290. <td colspan="7" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>Six Months Ended</strong><br /><strong>June 30,</strong></td>
  1291. </tr>
  1292. <tr>
  1293. <td style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1294. <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "><strong>2025</strong></td>
  1295. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1296. <td style="vertical-align: bottom ; "> </td>
  1297. <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "><strong>2024</strong></td>
  1298. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1299. </tr>
  1300. <tr>
  1301. <td style="vertical-align: bottom ; ">Cash flows from operating activities:</td>
  1302. <td colspan="3" style="vertical-align: bottom ; "> </td>
  1303. <td style="vertical-align: bottom ; "> </td>
  1304. <td colspan="3" style="vertical-align: bottom ; "> </td>
  1305. </tr>
  1306. <tr>
  1307. <td style="max-width:71%; width:71%; min-width:71%;;vertical-align: bottom ; ">Net (loss) income</td>
  1308. <td style="max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1309. <td style="max-width:12%; width:12%; min-width:12%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(7,020,611</td>
  1310. <td style="max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1311. <td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; "> </td>
  1312. <td style="max-width:1%; width:1%; min-width:1%;;text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1313. <td style="max-width:12%; width:12%; min-width:12%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(4,889,357</td>
  1314. <td style="max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1315. </tr>
  1316. <tr>
  1317. <td style="vertical-align: bottom ; ">Adjustments to reconcile net income to net cash provided by (used in) operating activities</td>
  1318. <td style="vertical-align: bottom ; "> </td>
  1319. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1320. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1321. <td style="vertical-align: bottom ; "> </td>
  1322. <td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1323. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1324. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1325. </tr>
  1326. <tr>
  1327. <td style="vertical-align: bottom ; "> </td>
  1328. <td style="vertical-align: bottom ; "> </td>
  1329. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1330. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1331. <td style="vertical-align: bottom ; "> </td>
  1332. <td style="text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1333. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1334. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1335. </tr>
  1336. <tr>
  1337. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Depreciation and amortization expense</td>
  1338. <td style="vertical-align: bottom ; "> </td>
  1339. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">51,121</td>
  1340. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1341. <td style="vertical-align: bottom ; "> </td>
  1342. <td style="vertical-align: bottom ; "> </td>
  1343. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">75,099</td>
  1344. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1345. </tr>
  1346. <tr>
  1347. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Gain on FV conversion of debt to preferred stock</td>
  1348. <td style="vertical-align: bottom ; "> </td>
  1349. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(433,881</td>
  1350. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1351. <td style="vertical-align: bottom ; "> </td>
  1352. <td style="vertical-align: bottom ; "> </td>
  1353. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1354. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1355. </tr>
  1356. <tr>
  1357. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Change in fair value of warrant liabilities</td>
  1358. <td style="vertical-align: bottom ; "> </td>
  1359. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(519,327</td>
  1360. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1361. <td style="vertical-align: bottom ; "> </td>
  1362. <td style="vertical-align: bottom ; "> </td>
  1363. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">452,045</td>
  1364. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1365. </tr>
  1366. <tr>
  1367. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; "> </td>
  1368. <td style="vertical-align: bottom ; "> </td>
  1369. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1370. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1371. <td style="vertical-align: bottom ; "> </td>
  1372. <td style="vertical-align: bottom ; "> </td>
  1373. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1374. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1375. </tr>
  1376. <tr>
  1377. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Change in fair value of conversion option liabilities</td>
  1378. <td style="vertical-align: bottom ; "> </td>
  1379. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(360,989</td>
  1380. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1381. <td style="vertical-align: bottom ; "> </td>
  1382. <td style="vertical-align: bottom ; "> </td>
  1383. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">236,860</td>
  1384. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1385. </tr>
  1386. <tr>
  1387. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Noncash lease expense</td>
  1388. <td style="vertical-align: bottom ; "> </td>
  1389. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">186,909</td>
  1390. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1391. <td style="vertical-align: bottom ; "> </td>
  1392. <td style="vertical-align: bottom ; "> </td>
  1393. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">176,682</td>
  1394. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1395. </tr>
  1396. <tr>
  1397. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Income tax (benefit) expense</td>
  1398. <td style="vertical-align: bottom ; "> </td>
  1399. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(400,000</td>
  1400. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1401. <td style="vertical-align: bottom ; "> </td>
  1402. <td style="vertical-align: bottom ; "> </td>
  1403. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1404. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1405. </tr>
  1406. <tr>
  1407. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Amortization of debt discount</td>
  1408. <td style="vertical-align: bottom ; "> </td>
  1409. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,123,162</td>
  1410. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1411. <td style="vertical-align: bottom ; "> </td>
  1412. <td style="vertical-align: bottom ; "> </td>
  1413. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">868,616</td>
  1414. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1415. </tr>
  1416. <tr>
  1417. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Share-based compensation</td>
  1418. <td style="vertical-align: bottom ; "> </td>
  1419. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,948,094</td>
  1420. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1421. <td style="vertical-align: bottom ; "> </td>
  1422. <td style="vertical-align: bottom ; "> </td>
  1423. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">256,959</td>
  1424. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1425. </tr>
  1426. <tr>
  1427. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Provision for credit losses</td>
  1428. <td style="vertical-align: bottom ; "> </td>
  1429. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">29,508</td>
  1430. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1431. <td style="vertical-align: bottom ; "> </td>
  1432. <td style="vertical-align: bottom ; "> </td>
  1433. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(8,033</td>
  1434. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1435. </tr>
  1436. <tr>
  1437. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Paid in kind interest</td>
  1438. <td style="vertical-align: bottom ; "> </td>
  1439. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,007,292</td>
  1440. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1441. <td style="vertical-align: bottom ; "> </td>
  1442. <td style="vertical-align: bottom ; "> </td>
  1443. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1444. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1445. </tr>
  1446. <tr>
  1447. <td style="vertical-align: bottom ; ">Inventory write off</td>
  1448. <td style="vertical-align: bottom ; "> </td>
  1449. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">353,377</td>
  1450. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1451. <td style="vertical-align: bottom ; "> </td>
  1452. <td style="vertical-align: bottom ; "> </td>
  1453. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1454. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1455. </tr>
  1456. <tr>
  1457. <td style="vertical-align: bottom ; ">Changes in operating assets and liabilities:</td>
  1458. <td style="vertical-align: bottom ; "> </td>
  1459. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1460. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1461. <td style="vertical-align: bottom ; "> </td>
  1462. <td style="vertical-align: bottom ; "> </td>
  1463. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1464. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1465. </tr>
  1466. <tr>
  1467. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Accounts receivable</td>
  1468. <td style="vertical-align: bottom ; "> </td>
  1469. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(590,840</td>
  1470. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1471. <td style="vertical-align: bottom ; "> </td>
  1472. <td style="vertical-align: bottom ; "> </td>
  1473. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(61,062</td>
  1474. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1475. </tr>
  1476. <tr>
  1477. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Inventories</td>
  1478. <td style="vertical-align: bottom ; "> </td>
  1479. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,909,877</td>
  1480. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1481. <td style="vertical-align: bottom ; "> </td>
  1482. <td style="vertical-align: bottom ; "> </td>
  1483. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">371,298</td>
  1484. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1485. </tr>
  1486. <tr>
  1487. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Prepaid and other current assets</td>
  1488. <td style="vertical-align: bottom ; "> </td>
  1489. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">28,723</td>
  1490. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1491. <td style="vertical-align: bottom ; "> </td>
  1492. <td style="vertical-align: bottom ; "> </td>
  1493. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(371,462</td>
  1494. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1495. </tr>
  1496. <tr>
  1497. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Deposit</td>
  1498. <td style="vertical-align: bottom ; "> </td>
  1499. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1500. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1501. <td style="vertical-align: bottom ; "> </td>
  1502. <td style="vertical-align: bottom ; "> </td>
  1503. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">17,486</td>
  1504. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1505. </tr>
  1506. <tr>
  1507. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Deferred tax asset</td>
  1508. <td style="vertical-align: bottom ; "> </td>
  1509. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1510. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1511. <td style="vertical-align: bottom ; "> </td>
  1512. <td style="vertical-align: bottom ; "> </td>
  1513. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">515,444</td>
  1514. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1515. </tr>
  1516. <tr>
  1517. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Accounts payable</td>
  1518. <td style="vertical-align: bottom ; "> </td>
  1519. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(528,485</td>
  1520. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1521. <td style="vertical-align: bottom ; "> </td>
  1522. <td style="vertical-align: bottom ; "> </td>
  1523. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">203,802</td>
  1524. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1525. </tr>
  1526. <tr>
  1527. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Accrued expenses</td>
  1528. <td style="vertical-align: bottom ; "> </td>
  1529. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">58,220</td>
  1530. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1531. <td style="vertical-align: bottom ; "> </td>
  1532. <td style="vertical-align: bottom ; "> </td>
  1533. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,056,933</td>
  1534. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1535. </tr>
  1536. <tr>
  1537. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Deferred revenue</td>
  1538. <td style="vertical-align: bottom ; "> </td>
  1539. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,833,155</td>
  1540. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1541. <td style="vertical-align: bottom ; "> </td>
  1542. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1543. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(3,070,627</td>
  1544. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1545. </tr>
  1546. <tr>
  1547. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Other payable</td>
  1548. <td style="vertical-align: bottom ; "> </td>
  1549. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(78,896</td>
  1550. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1551. <td style="vertical-align: bottom ; "> </td>
  1552. <td style="vertical-align: bottom ; "> </td>
  1553. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">538,468</td>
  1554. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1555. </tr>
  1556. <tr>
  1557. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Deferred tax liability</td>
  1558. <td style="vertical-align: bottom ; "> </td>
  1559. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1560. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1561. <td style="vertical-align: bottom ; "> </td>
  1562. <td style="vertical-align: bottom ; "> </td>
  1563. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">7,124</td>
  1564. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1565. </tr>
  1566. <tr>
  1567. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Lease liability</td>
  1568. <td style="vertical-align: bottom ; "> </td>
  1569. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(173,105</td>
  1570. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1571. <td style="vertical-align: bottom ; "> </td>
  1572. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  1573. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(153,776</td>
  1574. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1575. </tr>
  1576. <tr>
  1577. <td style="vertical-align: bottom ; ">Net cash used in operating activities</td>
  1578. <td style="vertical-align: bottom ; "> </td>
  1579. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(4,243,007</td>
  1580. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1581. <td style="vertical-align: bottom ; "> </td>
  1582. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  1583. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(3,777,501</td>
  1584. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1585. </tr>
  1586. <tr>
  1587. <td style="vertical-align: bottom ; "> </td>
  1588. <td style="vertical-align: bottom ; "> </td>
  1589. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1590. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1591. <td style="vertical-align: bottom ; "> </td>
  1592. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  1593. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1594. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1595. </tr>
  1596. <tr>
  1597. <td style="vertical-align: bottom ; ">Cash flows from investing activities:</td>
  1598. <td style="vertical-align: bottom ; "> </td>
  1599. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1600. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1601. <td style="vertical-align: bottom ; "> </td>
  1602. <td style="vertical-align: bottom ; "> </td>
  1603. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1604. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1605. </tr>
  1606. <tr>
  1607. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Disposal of asset</td>
  1608. <td style="vertical-align: bottom ; "> </td>
  1609. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1610. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1611. <td style="vertical-align: bottom ; "> </td>
  1612. <td style="vertical-align: bottom ; "> </td>
  1613. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">6,718</td>
  1614. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1615. </tr>
  1616. <tr>
  1617. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Purchase of assets</td>
  1618. <td style="vertical-align: bottom ; "> </td>
  1619. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1620. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1621. <td style="vertical-align: bottom ; "> </td>
  1622. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  1623. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(23,764</td>
  1624. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1625. </tr>
  1626. <tr>
  1627. <td style="vertical-align: bottom ; ">Net cash used in investing activities</td>
  1628. <td style="vertical-align: bottom ; "> </td>
  1629. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1630. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1631. <td style="vertical-align: bottom ; "> </td>
  1632. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  1633. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(17,046</td>
  1634. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1635. </tr>
  1636. <tr>
  1637. <td style="vertical-align: bottom ; "> </td>
  1638. <td style="vertical-align: bottom ; "> </td>
  1639. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1640. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1641. <td style="vertical-align: bottom ; "> </td>
  1642. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  1643. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1644. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1645. </tr>
  1646. <tr>
  1647. <td style="vertical-align: bottom ; ">Cash flows from financing activities:</td>
  1648. <td style="vertical-align: bottom ; "> </td>
  1649. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1650. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1651. <td style="vertical-align: bottom ; "> </td>
  1652. <td style="vertical-align: bottom ; "> </td>
  1653. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1654. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1655. </tr>
  1656. <tr>
  1657. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Repayment of floor plan payable</td>
  1658. <td style="vertical-align: bottom ; "> </td>
  1659. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,271,138</td>
  1660. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1661. <td style="vertical-align: bottom ; "> </td>
  1662. <td style="vertical-align: bottom ; "> </td>
  1663. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(356,000</td>
  1664. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1665. </tr>
  1666. <tr>
  1667. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Proceeds from floor plan payable</td>
  1668. <td style="vertical-align: bottom ; "> </td>
  1669. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">557,458</td>
  1670. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1671. <td style="vertical-align: bottom ; "> </td>
  1672. <td style="vertical-align: bottom ; "> </td>
  1673. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,677,000</td>
  1674. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1675. </tr>
  1676. <tr>
  1677. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Proceeds from convertible note</td>
  1678. <td style="vertical-align: bottom ; "> </td>
  1679. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,548,060</td>
  1680. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1681. <td style="vertical-align: bottom ; "> </td>
  1682. <td style="vertical-align: bottom ; "> </td>
  1683. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1684. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1685. </tr>
  1686. <tr>
  1687. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Proceeds from note payable</td>
  1688. <td style="vertical-align: bottom ; "> </td>
  1689. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,399,300</td>
  1690. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1691. <td style="vertical-align: bottom ; "> </td>
  1692. <td style="vertical-align: bottom ; "> </td>
  1693. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1694. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1695. </tr>
  1696. <tr>
  1697. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Debt issuance costs</td>
  1698. <td style="vertical-align: bottom ; "> </td>
  1699. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(346,267</td>
  1700. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1701. <td style="vertical-align: bottom ; "> </td>
  1702. <td style="vertical-align: bottom ; "> </td>
  1703. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1704. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1705. </tr>
  1706. <tr>
  1707. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Repayment of note payable</td>
  1708. <td style="vertical-align: bottom ; "> </td>
  1709. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,514,286</td>
  1710. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1711. <td style="vertical-align: bottom ; "> </td>
  1712. <td style="vertical-align: bottom ; "> </td>
  1713. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1714. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1715. </tr>
  1716. <tr>
  1717. <td style="vertical-align: bottom ; ">Net cash provided by financing activities</td>
  1718. <td style="vertical-align: bottom ; "> </td>
  1719. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,373,127</td>
  1720. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1721. <td style="vertical-align: bottom ; "> </td>
  1722. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  1723. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,321,000</td>
  1724. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1725. </tr>
  1726. <tr>
  1727. <td style="vertical-align: bottom ; "> </td>
  1728. <td style="vertical-align: bottom ; "> </td>
  1729. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1730. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1731. <td style="vertical-align: bottom ; "> </td>
  1732. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  1733. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1734. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1735. </tr>
  1736. <tr>
  1737. <td style="vertical-align: bottom ; ">Effect of translation changes on cash</td>
  1738. <td style="vertical-align: bottom ; "> </td>
  1739. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,665</td>
  1740. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1741. <td style="vertical-align: bottom ; "> </td>
  1742. <td style="vertical-align: bottom ; "> </td>
  1743. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1744. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1745. </tr>
  1746. <tr>
  1747. <td style="vertical-align: bottom ; "> </td>
  1748. <td style="vertical-align: bottom ; "> </td>
  1749. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1750. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1751. <td style="vertical-align: bottom ; "> </td>
  1752. <td style="vertical-align: bottom ; "> </td>
  1753. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1754. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1755. </tr>
  1756. <tr>
  1757. <td style="vertical-align: bottom ; ">Net (decrease) increase in cash and cash equivalents</td>
  1758. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1759. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(871,545</td>
  1760. <td style="padding-right: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1761. <td style="vertical-align: bottom ; "> </td>
  1762. <td style="vertical-align: bottom ; "> </td>
  1763. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,473,547</td>
  1764. <td style="padding-right: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1765. </tr>
  1766. <tr>
  1767. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Cash and cash equivalents, beginning of year</td>
  1768. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1769. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,476,850</td>
  1770. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1771. <td style="vertical-align: bottom ; "> </td>
  1772. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  1773. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">8,134,211</td>
  1774. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1775. </tr>
  1776. <tr>
  1777. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Cash and cash equivalents, end of year</td>
  1778. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1779. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">605,305</td>
  1780. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1781. <td style="vertical-align: bottom ; "> </td>
  1782. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1783. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">5,660,664</td>
  1784. <td style="border-top: solid black 1pt ; border-bottom: double black 3pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1785. </tr>
  1786. <tr>
  1787. <td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; "> </td>
  1788. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1789. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1790. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1791. <td style="vertical-align: bottom ; "> </td>
  1792. <td style="border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  1793. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1794. <td style="border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1795. </tr>
  1796. </table>
  1797. <p align="center"></p>
  1798. <table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
  1799. <tr>
  1800. <td colspan="20" style="text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>ECD AUTOMOTIVE DESIGN, INC</strong><br /><strong>ADJUSTED EBITDA (Non GAAP)</strong></td>
  1801. </tr>
  1802. <tr>
  1803. <td colspan="20" style="vertical-align: bottom ; "> </td>
  1804. </tr>
  1805. <tr>
  1806. <td style="vertical-align: bottom ; "> </td>
  1807. <td colspan="15" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>Six Months Ended</strong></td>
  1808. <td style="vertical-align: bottom ; "> </td>
  1809. <td style="vertical-align: bottom ; "> </td>
  1810. <td colspan="2" style="vertical-align: bottom ; "> </td>
  1811. </tr>
  1812. <tr>
  1813. <td style="vertical-align: bottom ; "> </td>
  1814. <td colspan="4" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2025</strong></td>
  1815. <td style="vertical-align: bottom ; "> </td>
  1816. <td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1817. <td colspan="3" style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2024</strong></td>
  1818. <td style="vertical-align: bottom ; "> </td>
  1819. <td colspan="5" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2025</strong></td>
  1820. <td style="border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1821. <td colspan="3" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; "><strong>6/30/2024</strong></td>
  1822. </tr>
  1823. <tr>
  1824. <td style="max-width:52%; width:52%; min-width:52%;;border-top: solid black 1pt ; vertical-align: bottom ; ">Net (loss) income</td>
  1825. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1826. <td colspan="2" style="max-width:9%; width:9%; min-width:9%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(4,270,294</td>
  1827. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1828. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; vertical-align: bottom ; "> </td>
  1829. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1830. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1831. <td style="max-width:9%; width:9%; min-width:9%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,029,495</td>
  1832. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1833. <td style="max-width:1%; width:1%; min-width:1%;;text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1834. <td colspan="2" style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1835. <td colspan="2" style="max-width:9%; width:9%; min-width:9%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(7,020,611</td>
  1836. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1837. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1838. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  1839. <td style="max-width:9%; width:9%; min-width:9%;;border-top: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(4,889,357</td>
  1840. <td style="max-width:1%; width:1%; min-width:1%;;border-top: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1841. </tr>
  1842. <tr>
  1843. <td style="vertical-align: bottom ; ">Excluding:</td>
  1844. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1845. <td colspan="3" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1846. <td style="vertical-align: bottom ; "> </td>
  1847. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1848. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1849. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1850. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1851. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1852. <td colspan="3" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1853. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1854. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1855. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1856. </tr>
  1857. <tr>
  1858. <td style="vertical-align: bottom ; ">Interest expense</td>
  1859. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1860. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,105,348</td>
  1861. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1862. <td style="vertical-align: bottom ; "> </td>
  1863. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1864. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1865. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,306,524</td>
  1866. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1867. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1868. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1869. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">3,962,327</td>
  1870. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1871. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1872. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1873. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">2,422,824</td>
  1874. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1875. </tr>
  1876. <tr>
  1877. <td style="vertical-align: bottom ; ">Income tax (benefit) expense</td>
  1878. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1879. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1880. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1881. <td style="vertical-align: bottom ; "> </td>
  1882. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1883. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1884. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(9,712</td>
  1885. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1886. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1887. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1888. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(400,000</td>
  1889. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1890. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1891. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1892. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">522,568</td>
  1893. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1894. </tr>
  1895. <tr>
  1896. <td style="vertical-align: bottom ; ">Equity compensation expense</td>
  1897. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1898. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,064,630</td>
  1899. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1900. <td style="vertical-align: bottom ; "> </td>
  1901. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1902. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1903. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">117,500</td>
  1904. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1905. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1906. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1907. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">1,540,180</td>
  1908. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1909. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1910. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1911. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">117,500</td>
  1912. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1913. </tr>
  1914. <tr>
  1915. <td style="vertical-align: bottom ; ">Non-recurring professional fees</td>
  1916. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1917. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1918. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1919. <td style="vertical-align: bottom ; "> </td>
  1920. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1921. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1922. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">408,936</td>
  1923. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1924. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1925. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1926. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1927. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1928. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1929. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1930. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">408,936</td>
  1931. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1932. </tr>
  1933. <tr>
  1934. <td style="vertical-align: bottom ; ">Gain on FV conversion of debt to preferred stock</td>
  1935. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1936. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(433,881</td>
  1937. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1938. <td style="vertical-align: bottom ; "> </td>
  1939. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1940. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1941. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1942. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1943. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1944. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1945. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(433,881</td>
  1946. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1947. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1948. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1949. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">&#8211;</td>
  1950. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1951. </tr>
  1952. <tr>
  1953. <td style="vertical-align: bottom ; ">Other (income) expense, net</td>
  1954. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1955. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">117,902</td>
  1956. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1957. <td style="vertical-align: bottom ; "> </td>
  1958. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1959. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1960. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(267,386</td>
  1961. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1962. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1963. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1964. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">257,223</td>
  1965. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1966. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1967. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1968. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(225,812</td>
  1969. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1970. </tr>
  1971. <tr>
  1972. <td style="vertical-align: bottom ; ">Change in FV of warrant liabilities</td>
  1973. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1974. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(42,744</td>
  1975. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1976. <td style="vertical-align: bottom ; "> </td>
  1977. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1978. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1979. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">286,684</td>
  1980. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1981. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1982. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1983. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(519,327</td>
  1984. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1985. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1986. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1987. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">452,045</td>
  1988. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1989. </tr>
  1990. <tr>
  1991. <td style="vertical-align: bottom ; ">Change in FV of conversion option liabilities</td>
  1992. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1993. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(88,510</td>
  1994. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  1995. <td style="vertical-align: bottom ; "> </td>
  1996. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1997. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  1998. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">176,194</td>
  1999. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2000. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2001. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2002. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(360,989</td>
  2003. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  2004. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2005. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2006. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">236,859</td>
  2007. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2008. </tr>
  2009. <tr>
  2010. <td style="vertical-align: bottom ; ">Foreign exchange loss</td>
  2011. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2012. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">15,338</td>
  2013. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2014. <td style="vertical-align: bottom ; "> </td>
  2015. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2016. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2017. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">5,816</td>
  2018. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2019. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2020. <td colspan="2" style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2021. <td colspan="2" style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">8,829</td>
  2022. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2023. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2024. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2025. <td style="padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">10,520</td>
  2026. <td style="padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2027. </tr>
  2028. <tr>
  2029. <td style="vertical-align: bottom ; ">Depreciation</td>
  2030. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  2031. <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">25,757</td>
  2032. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2033. <td style="vertical-align: bottom ; "> </td>
  2034. <td style="vertical-align: bottom ; "> </td>
  2035. <td style="border-bottom: solid black 1pt ; vertical-align: bottom ; "> </td>
  2036. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">32,347</td>
  2037. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2038. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2039. <td colspan="2" style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2040. <td colspan="2" style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">51,121</td>
  2041. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2042. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2043. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2044. <td style="border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">75,099</td>
  2045. <td style="border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2046. </tr>
  2047. <tr>
  2048. <td style="vertical-align: bottom ; ">Adjusted EBITDA</td>
  2049. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">$</td>
  2050. <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(1,506,454</td>
  2051. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  2052. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2053. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2054. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  2055. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">27,408</td>
  2056. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2057. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2058. <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  2059. <td colspan="2" style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(2,915,128</td>
  2060. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  2061. <td style="text-align: right ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2062. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">$</td>
  2063. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; ">(848,818</td>
  2064. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">)</td>
  2065. </tr>
  2066. </table>
  2067. <p><img alt="" src='https://ml.globenewswire.com/media/ZTU2ZmE5ZDEtZGM3MS00YTFhLWFjODAtZjE3ZmUwNjlhNTY4LTEyMTM2NzQtMjAyNS0wOC0yMC1lbg==/tiny/E-C-D-Automotive-Design.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  2068. ]]></content:encoded>
  2072. </item>
  2073. <item>
  2074. <title>Sono Group N.V. Reports Second Quarter and First Half 2025 Results: Net Income of €8.0 Million for H1 and Continued Commercial Momentum in Solar Mobility</title>
  2075. <link>https://autoexcelsior.com/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility/54069/</link>
  2077. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  2078. <pubDate>Wed, 20 Aug 2025 10:32:00 +0000</pubDate>
  2079. <category><![CDATA[Brand Post]]></category>
  2080. <guid isPermaLink="false">https://autoexcelsior.com/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility/54069/</guid>
  2081.  
  2082. <description><![CDATA[<div style="margin-bottom:20px;"><img width="531" height="530" src="https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Sono Group N.V. Reports Second Quarter and First Half 2025 Results: Net Income of €8.0 Million for H1 and Continued Commercial Momentum in Solar Mobility" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility.png 531w, https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility-300x300.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility-150x150.png 150w, https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility-100x100.png 100w" sizes="auto, (max-width: 531px) 100vw, 531px" /></div>H1 2025 net income of €8.0 million primarily driven by fair value adjustments; disciplined cost base and improved operating cash use; progress on OEM collaborations and brand architecture MUNICH, Aug. 20, 2025 (GLOBE NEWSWIRE) &#8212; Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH, hereafter [&#8230;]]]></description>
  2083. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="531" height="530" src="https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Sono Group N.V. Reports Second Quarter and First Half 2025 Results: Net Income of €8.0 Million for H1 and Continued Commercial Momentum in Solar Mobility" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility.png 531w, https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility-300x300.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility-150x150.png 150w, https://autoexcelsior.com/wp-content/uploads/2025/08/sono-group-n-v-reports-second-quarter-and-first-half-2025-results-net-income-of-e8-0-million-for-h1-and-continued-commercial-momentum-in-solar-mobility-100x100.png 100w" sizes="auto, (max-width: 531px) 100vw, 531px" /></div><p><em>H1 2025 net income of €8.0 million primarily driven by fair value adjustments; disciplined cost base and improved operating cash use; progress on OEM collaborations and brand architecture</em></p>
  2084. <p>MUNICH, Aug.  20, 2025  (GLOBE NEWSWIRE) &#8212; <u>Sono Group N.V.</u> (<u>OTCQB: SEVCF</u>) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH, hereafter referred to as “SonoSolar” or “Subsidiary”), the solar technology company, today announced its financial results for the second quarter ended June 30, 2025 and the first half of 2025.</p>
  2085. <p><strong>H1 2025 Financial Highlights</strong>                                                                                </p>
  2086. <ul type="disc">
  2087. <li style="margin-bottom:10pt;">Net income of €8.0 million, reflecting primarily gains from fair value changes in convertible notes; Q2 2025 net loss of €0.8 million, a 44% reduction in net loss from Q2 2024.</li>
  2088. <li style="margin-bottom:10pt;">Cash used in operating activities of €3.5 million in H1 2025, a significant improvement from €15.9 million in H1 2024.</li>
  2089. <li style="margin-bottom:10pt;">Maintained revenue generation consistent with the Company’s commercialization roadmap, driven by initial deliveries and customer acceptances.</li>
  2090. <li style="margin-bottom:10pt;">Sustained tight expense control as G&amp;A expenses were reduced 21% in H1 2025 and 35% in Q2 2025 compared to previous year. The company will continue to keep a tight control over G&amp;A expenses as it attempts to scale its business.</li>
  2091. </ul>
  2092. <p><strong>Business Updates and Outlook</strong></p>
  2093. <p>OEM momentum and real-world validation. MAN Truck &amp; Bus, one of Europe’s leading commercial vehicle manufacturers, is equipping its series vehicles with Sono’s solar technology as a factory-installed option. In parallel, Ford is testing high-voltage vehicle-integrated photovoltaics (VIPV) on the E-Transit under the EU-funded SolarMoves project—clear signals of deepening OEM engagement and product maturity.</p>
  2094. <p>Commercial rollout focus. Sono is progressing from pilots to early deployments in priority use cases—particularly refrigerated trailer transport and electric trucks—consistent with its accelerated rollout plan. Recent installations demonstrate scalability and readiness for broader field adoption.</p>
  2095. <p>Market visibility and pipeline. At Transport Logistic 2025, the Company showcased solar-integrated solutions for commercial vehicles (including refrigerated applications).</p>
  2096. <p>Brand architecture aligned to strategy. Post-quarter, the operating subsidiary began using the “SonoSolar” brand, sharpening the Company’s positioning as a solar mobility integrator for commercial vehicles, from the previous solar auto manufacturer, while the legal entity remains Sono Motors GmbH.</p>
  2097. <p>George O’Leary, Managing Director and CEO, said: “We are closely watching our spending as we attempt to scale in the large OEM market. I am pleased with our reduction in G&amp;A expenses in H1 2025 and Q2 2025 and we will continue to monitor closely as we continue to work with the OEM market on generating orders in Q3 and Q4 2025.”</p>
  2098. <p>Sono remains very disciplined and execution-oriented, with a commercialization roadmap centered on OEM driven customer value and partner-led scale. The Company will continue to update stakeholders when programs progress and milestones are achieved.</p>
  2099. <p>The full unaudited quarterly report on Form 10-Q for the period ended June 30, 2025, is available on the Company’s investor relations website at <u>ir.sonomotors.com</u> and filed with the U.S. Securities and Exchange Commission.</p>
  2100. <p>ABOUT SONO GROUP N.V.</p>
  2101. <p><u>Sono Group N.V.</u> (<u>OTCQB: SEVCF</u>) and its wholly owned subsidiary Sono Motors GmbH, operating under the brand name SonoSolar, are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Our disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. For more information about Sono Group N.V., SonoSolar, and their solar solutions, visit <u>sonogroupnv.com</u> and <u>sono-solar.com</u>. Follow us on social media: LinkedIn, Facebook, BlueSky, Truth Social, and X.</p>
  2102. <p>FORWARD-LOOKING STATEMENTS</p>
  2103. <p><sup><sub>This press release may contain forward-looking statements. The words &#8220;expect&#8221;, &#8220;anticipate&#8221;, &#8220;intend&#8221;, &#8220;plan&#8221;, &#8220;estimate&#8221;, &#8220;aim&#8221;, &#8220;forecast&#8221;, &#8220;project&#8221;, &#8220;target&#8221;, “will” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and its subsidiary Sono Motors GmbH (together, the “companies”). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies’ actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: the Company’s ability to uplist to the Nasdaq Capital Market, including meeting the initial listing requirements; the Company’s ability to satisfy the conditions precedent set forth in its recent securities purchase agreement (“Securities Purchase Agreement”) and exchange agreement (“Exchange Agreement”) entered into with YA II PN, Ltd. (“Yorkville”); the timing of closing the transactions contemplated by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on the Company’s operating results; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our ability to comply with OTCQB continuing standards; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report on Form 20-F for the year ended December 31, 2023, which are accessible on the SEC’s website at www.sec.gov and on our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking statements.</sub></sup></p>
  2104. <p>CONTACT:</p>
  2105. <p>Press:<br /><u>press@sono-solar.com</u> | <u>ir.sonomotors.com/news-events</u></p>
  2106. <p>Investors:<br /><u>ir@sonomotors.com</u> | <u>ir.sonomotors.com</u></p>
  2107. <p>LinkedIn:<br /><u>https://www.linkedin.com/company/sonogroupnv</u></p>
  2108. <p>FINANCIAL RESULTS <br />(amounts in € thousands, except share and per share data)</p>
  2109. <p>CONDENSED CONSOLIDATED BALANCE SHEETS</p>
  2110. <table style="border-collapse: collapse; margin-left:4.1pt; width:100%; border-collapse:collapse ;">
  2111. <tr>
  2112. <td style="max-width:74%; width:74%; min-width:74%;;border-bottom: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; "><strong>€k</strong></td>
  2113. <td style="max-width:12%; width:12%; min-width:12%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>June 30, 2025</strong></td>
  2114. <td style="max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2115. <td style="max-width:12%; width:12%; min-width:12%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>December 31, 2024</strong></td>
  2116. <td style="max-width:1%; width:1%; min-width:1%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2117. </tr>
  2118. <tr>
  2119. <td style="border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "><strong>ASSETS</strong></td>
  2120. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2121. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2122. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2123. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2124. </tr>
  2125. <tr>
  2126. <td style="vertical-align: top ; vertical-align: bottom ; ">Current Assets</td>
  2127. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2128. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2129. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2130. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2131. </tr>
  2132. <tr>
  2133. <td style="vertical-align: top ; vertical-align: bottom ; ">Cash</td>
  2134. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">339</td>
  2135. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2136. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">1,354</td>
  2137. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2138. </tr>
  2139. <tr>
  2140. <td style="vertical-align: top ; vertical-align: bottom ; ">Inventory</td>
  2141. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">298</td>
  2142. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2143. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">304</td>
  2144. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2145. </tr>
  2146. <tr>
  2147. <td style="vertical-align: top ; vertical-align: bottom ; ">Prepaid taxes</td>
  2148. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">536</td>
  2149. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2150. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">531</td>
  2151. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2152. </tr>
  2153. <tr>
  2154. <td style="vertical-align: top ; vertical-align: bottom ; ">Prepaid expenses and other</td>
  2155. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">100</td>
  2156. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2157. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">103</td>
  2158. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2159. </tr>
  2160. <tr>
  2161. <td style="vertical-align: top ; vertical-align: bottom ; "><strong>Total Current Assets</strong></td>
  2162. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>1,273</strong></td>
  2163. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2164. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>2,292</strong></td>
  2165. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2166. </tr>
  2167. <tr>
  2168. <td style="vertical-align: top ; vertical-align: bottom ; ">Property, plant and equipment</td>
  2169. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">121</td>
  2170. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2171. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">129</td>
  2172. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2173. </tr>
  2174. <tr>
  2175. <td style="vertical-align: top ; vertical-align: bottom ; ">Right of use lease assets</td>
  2176. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">602</td>
  2177. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2178. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">630</td>
  2179. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2180. </tr>
  2181. <tr>
  2182. <td style="border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "><strong>TOTAL ASSETS</strong></td>
  2183. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>1,996</strong></td>
  2184. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2185. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>3,051</strong></td>
  2186. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2187. </tr>
  2188. <tr>
  2189. <td style="vertical-align: middle ; vertical-align: bottom ; "> </td>
  2190. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2191. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2192. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2193. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2194. </tr>
  2195. </table>
  2196. <p></p>
  2197. <table style="border-collapse: collapse; margin-left:4.1pt; width:100%; border-collapse:collapse ;">
  2198. <tr>
  2199. <td style="max-width:80%; width:80%; min-width:80%;;border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "><strong>LIABILITIES AND SHAREHOLDERS’ EQUITY</strong></td>
  2200. <td style="max-width:10%; width:10%; min-width:10%;;border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2201. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2202. <td style="max-width:10%; width:10%; min-width:10%;;border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2203. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2204. </tr>
  2205. <tr>
  2206. <td style="vertical-align: top ; vertical-align: bottom ; ">Current Liabilities</td>
  2207. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2208. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2209. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2210. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2211. </tr>
  2212. <tr>
  2213. <td style="vertical-align: top ; vertical-align: bottom ; ">Accounts payable and accrued expenses</td>
  2214. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">697</td>
  2215. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2216. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">575</td>
  2217. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2218. </tr>
  2219. <tr>
  2220. <td style="vertical-align: top ; vertical-align: bottom ; ">Lease liability, current portion</td>
  2221. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">167</td>
  2222. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2223. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">58</td>
  2224. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2225. </tr>
  2226. <tr>
  2227. <td style="vertical-align: top ; vertical-align: bottom ; ">Convertible notes payable at fair value</td>
  2228. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">15,341</td>
  2229. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2230. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">24,035</td>
  2231. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2232. </tr>
  2233. <tr>
  2234. <td style="vertical-align: top ; vertical-align: bottom ; ">VAT payable</td>
  2235. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">&#8211;</td>
  2236. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2237. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">487</td>
  2238. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2239. </tr>
  2240. <tr>
  2241. <td style="border-bottom: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; ">Other current liabilities</td>
  2242. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">12</td>
  2243. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2244. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">5</td>
  2245. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2246. </tr>
  2247. <tr>
  2248. <td style="border-top: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; "><strong>Total Current Liabilities</strong></td>
  2249. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>16,217</strong></td>
  2250. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2251. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>25,160</strong></td>
  2252. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2253. </tr>
  2254. <tr>
  2255. <td style="vertical-align: top ; vertical-align: bottom ; ">Long-Term Liabilities</td>
  2256. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2257. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2258. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2259. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2260. </tr>
  2261. <tr>
  2262. <td style="vertical-align: top ; vertical-align: bottom ; ">Lease liability, long term portion</td>
  2263. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">435</td>
  2264. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2265. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">572</td>
  2266. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2267. </tr>
  2268. <tr>
  2269. <td style="border-top: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; "><strong>Total Liabilities</strong></td>
  2270. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>16,652</strong></td>
  2271. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2272. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>25,732</strong></td>
  2273. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2274. </tr>
  2275. <tr>
  2276. <td style="vertical-align: top ; vertical-align: bottom ; ">Shareholders’ Equity</td>
  2277. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2278. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2279. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2280. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2281. </tr>
  2282. <tr>
  2283. <td style="vertical-align: top ; vertical-align: bottom ; ">Ordinary Shares</td>
  2284. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">28</td>
  2285. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2286. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">28</td>
  2287. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2288. </tr>
  2289. <tr>
  2290. <td style="vertical-align: top ; vertical-align: bottom ; ">High Voting Shares</td>
  2291. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">20</td>
  2292. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2293. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">20</td>
  2294. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2295. </tr>
  2296. <tr>
  2297. <td style="vertical-align: top ; vertical-align: bottom ; ">Additional paid-in capital</td>
  2298. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">298,699</td>
  2299. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2300. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">298,699</td>
  2301. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2302. </tr>
  2303. <tr>
  2304. <td style="border-bottom: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; ">Accumulated deficit</td>
  2305. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(313,403</td>
  2306. <td style="border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">)</td>
  2307. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(321,428</td>
  2308. <td style="border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">)</td>
  2309. </tr>
  2310. <tr>
  2311. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; "><strong>Total Shareholders’ Equity</strong></td>
  2312. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>(14,656</strong></td>
  2313. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>)</strong> </td>
  2314. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>(22,681</strong></td>
  2315. <td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>)</strong> </td>
  2316. </tr>
  2317. <tr>
  2318. <td style="border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "><strong>TOTAL EQUITY AND LIABILITIES</strong></td>
  2319. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>1,996</strong></td>
  2320. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2321. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>3,051</strong></td>
  2322. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2323. </tr>
  2324. <tr>
  2325. <td style="vertical-align: middle ; vertical-align: bottom ; "> </td>
  2326. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2327. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2328. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2329. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2330. </tr>
  2331. </table>
  2332. <p></p>
  2333. <p>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)</p>
  2334. <table style="border-collapse: collapse; margin-left:4.1pt; width:100%; border-collapse:collapse ;">
  2335. <tr>
  2336. <td style="max-width:60%; width:60%; min-width:60%;;border-bottom: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; "><strong>€k</strong></td>
  2337. <td style="max-width:10%; width:10%; min-width:10%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>Q2 2025</strong></td>
  2338. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2339. <td style="max-width:10%; width:10%; min-width:10%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>Q2 2024</strong></td>
  2340. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2341. <td style="max-width:10%; width:10%; min-width:10%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>H1 2025</strong></td>
  2342. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2343. <td style="max-width:10%; width:10%; min-width:10%;;border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>H1 2024</strong></td>
  2344. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2345. </tr>
  2346. <tr>
  2347. <td style="border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; ">Revenue</td>
  2348. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">25</td>
  2349. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2350. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">–</td>
  2351. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2352. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">51</td>
  2353. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2354. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">–</td>
  2355. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2356. </tr>
  2357. <tr>
  2358. <td style="vertical-align: top ; vertical-align: bottom ; ">Cost of sales</td>
  2359. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">19</td>
  2360. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2361. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">–</td>
  2362. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2363. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">39</td>
  2364. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2365. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">–</td>
  2366. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2367. </tr>
  2368. <tr>
  2369. <td style="vertical-align: top ; vertical-align: bottom ; "><strong>Gross margin</strong></td>
  2370. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">6</td>
  2371. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2372. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">–</td>
  2373. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2374. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">12</td>
  2375. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2376. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">–</td>
  2377. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2378. </tr>
  2379. <tr>
  2380. <td style="vertical-align: top ; vertical-align: bottom ; ">Operating Expenses and Costs</td>
  2381. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2382. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2383. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2384. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2385. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2386. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2387. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2388. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2389. </tr>
  2390. <tr>
  2391. <td style="vertical-align: top ; vertical-align: bottom ; ">Selling and distribution expenses</td>
  2392. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">244</td>
  2393. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2394. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">193</td>
  2395. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2396. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">474</td>
  2397. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2398. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">243</td>
  2399. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2400. </tr>
  2401. <tr>
  2402. <td style="vertical-align: top ; vertical-align: bottom ; ">General and administrative expenses</td>
  2403. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">1,137</td>
  2404. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2405. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">1,740</td>
  2406. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2407. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">2,281</td>
  2408. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2409. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">2,874</td>
  2410. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2411. </tr>
  2412. <tr>
  2413. <td style="vertical-align: top ; vertical-align: bottom ; ">Research and development</td>
  2414. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">525</td>
  2415. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2416. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">336</td>
  2417. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2418. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">968</td>
  2419. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2420. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">557</td>
  2421. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2422. </tr>
  2423. <tr>
  2424. <td style="vertical-align: top ; vertical-align: bottom ; ">Gain on deconsolidation/reconsolidation</td>
  2425. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">–</td>
  2426. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2427. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(756</td>
  2428. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">)</td>
  2429. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">–</td>
  2430. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2431. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(63,491</td>
  2432. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">)</td>
  2433. </tr>
  2434. <tr>
  2435. <td style="vertical-align: top ; vertical-align: bottom ; ">Other operating income</td>
  2436. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(128</td>
  2437. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">)</td>
  2438. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(82</td>
  2439. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">) </td>
  2440. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(132</td>
  2441. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">)</td>
  2442. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(70</td>
  2443. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">) </td>
  2444. </tr>
  2445. <tr>
  2446. <td style="vertical-align: top ; vertical-align: bottom ; "><strong>Total Operating Expenses and Costs</strong></td>
  2447. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>1,778</strong></td>
  2448. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2449. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>1,431</strong></td>
  2450. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2451. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>3,591</strong></td>
  2452. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2453. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>(59,887</strong></td>
  2454. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>)</strong> </td>
  2455. </tr>
  2456. <tr>
  2457. <td style="vertical-align: top ; vertical-align: bottom ; "> </td>
  2458. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2459. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2460. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2461. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2462. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2463. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2464. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2465. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2466. </tr>
  2467. <tr>
  2468. <td style="vertical-align: top ; vertical-align: bottom ; "><strong>(Loss)/Income from Operations</strong></td>
  2469. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>(1,772</strong></td>
  2470. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>)</strong> </td>
  2471. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>(1,431</strong></td>
  2472. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>)</strong> </td>
  2473. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>(3,579</strong></td>
  2474. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>)</strong> </td>
  2475. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "><strong>59,887</strong></td>
  2476. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2477. </tr>
  2478. <tr>
  2479. <td style="vertical-align: top ; vertical-align: bottom ; "> </td>
  2480. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2481. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2482. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2483. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2484. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2485. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2486. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2487. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2488. </tr>
  2489. <tr>
  2490. <td style="vertical-align: top ; vertical-align: bottom ; ">Other Income (Expenses)</td>
  2491. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2492. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2493. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2494. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2495. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2496. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2497. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2498. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2499. </tr>
  2500. <tr>
  2501. <td style="vertical-align: top ; vertical-align: bottom ; ">Income from changes in fair value of convertible note payable carried at fair value</td>
  2502. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">813</td>
  2503. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2504. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">847</td>
  2505. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2506. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">11,144</td>
  2507. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2508. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">21,909</td>
  2509. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2510. </tr>
  2511. <tr>
  2512. <td style="vertical-align: top ; vertical-align: bottom ; ">Gain/(Loss) on foreign currency transactions</td>
  2513. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">147</td>
  2514. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2515. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(859</td>
  2516. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">) </td>
  2517. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">460</td>
  2518. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2519. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(2,357</td>
  2520. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">) </td>
  2521. </tr>
  2522. <tr>
  2523. <td style="vertical-align: top ; vertical-align: bottom ; ">Total other income / (expense)</td>
  2524. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">960</td>
  2525. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2526. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">(12</td>
  2527. <td style="text-align: left ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">) </td>
  2528. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">11,604</td>
  2529. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2530. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; ">19,552</td>
  2531. <td style="text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2532. </tr>
  2533. <tr>
  2534. <td style="border-bottom: solid black 1pt ; vertical-align: top ; vertical-align: bottom ; "> </td>
  2535. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2536. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2537. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2538. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2539. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2540. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2541. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2542. <td style="border-bottom: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: top ; vertical-align: bottom ; "> </td>
  2543. </tr>
  2544. <tr>
  2545. <td style="border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "><strong>NET (LOSS) / INCOME</strong></td>
  2546. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>(812</strong></td>
  2547. <td style="border-top: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>)</strong> </td>
  2548. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>(1,443</strong></td>
  2549. <td style="border-top: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>)</strong> </td>
  2550. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>8,025</strong></td>
  2551. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2552. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "><strong>79,439</strong></td>
  2553. <td style="border-top: solid black 1pt ; text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2554. </tr>
  2555. <tr>
  2556. <td style="vertical-align: middle ; vertical-align: bottom ; "> </td>
  2557. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2558. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2559. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2560. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2561. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2562. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2563. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2564. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2565. </tr>
  2566. <tr>
  2567. <td style="border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; ">Net (loss) / income per share to common shareholders:</td>
  2568. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2569. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2570. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2571. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2572. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2573. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2574. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2575. <td style="text-align: right ;  vertical-align: middle; border-top: solid black 1pt ; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2576. </tr>
  2577. <tr>
  2578. <td style="vertical-align: middle ; vertical-align: bottom ; ">Basic, €</td>
  2579. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">(0.56</td>
  2580. <td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">) </td>
  2581. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">(1.00</td>
  2582. <td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">) </td>
  2583. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">5.53</td>
  2584. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2585. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">54.82</td>
  2586. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2587. </tr>
  2588. <tr>
  2589. <td style="vertical-align: middle ; vertical-align: bottom ; ">Diluted, €</td>
  2590. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">(0.56</td>
  2591. <td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">) </td>
  2592. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">(1.00</td>
  2593. <td style="text-align: left ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">) </td>
  2594. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">0.74</td>
  2595. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2596. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">4.62</td>
  2597. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2598. </tr>
  2599. <tr>
  2600. <td style="vertical-align: middle ; vertical-align: bottom ; "> </td>
  2601. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2602. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2603. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2604. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2605. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2606. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2607. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2608. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2609. </tr>
  2610. <tr>
  2611. <td style="vertical-align: middle ; vertical-align: bottom ; ">Weighted average number of common shares:</td>
  2612. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2613. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2614. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2615. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2616. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2617. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2618. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2619. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2620. </tr>
  2621. <tr>
  2622. <td style="vertical-align: middle ; vertical-align: bottom ; ">Basic, €</td>
  2623. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">1,449,991</td>
  2624. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2625. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">1,449,293</td>
  2626. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2627. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">1,449,919</td>
  2628. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2629. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">1,449,094</td>
  2630. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2631. </tr>
  2632. <tr>
  2633. <td style="vertical-align: middle ; vertical-align: bottom ; ">Diluted, €</td>
  2634. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">1,449,991</td>
  2635. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2636. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">1,449,293</td>
  2637. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2638. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> 10,874,054 </td>
  2639. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2640. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; ">17,194,420</td>
  2641. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2642. </tr>
  2643. <tr>
  2644. <td style="vertical-align: middle ; vertical-align: bottom ; "> </td>
  2645. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2646. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2647. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2648. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2649. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2650. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2651. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2652. <td style="text-align: right ;  vertical-align: middle; vertical-align: middle ; vertical-align: bottom ; "> </td>
  2653. </tr>
  2654. </table>
  2655. <p><img alt="" src='https://ml-eu.globenewswire.com/media/ZGMxNzUwZmEtZjY4NS00YTIzLThmMDgtOWQzYTljNmY5YWZkLTEyMTk2NjUtMjAyNS0wOC0yMC1lbg==/tiny/Sono-Group-N-V-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  2656. ]]></content:encoded>
  2660. </item>
  2661. <item>
  2662. <title>NIO Inc. to Report Unaudited Second Quarter 2025 Financial Results on Tuesday, September 2, 2025</title>
  2663. <link>https://autoexcelsior.com/nio-inc-to-report-unaudited-second-quarter-2025-financial-results-on-tuesday-september-2-2025/54071/</link>
  2665. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  2666. <pubDate>Wed, 20 Aug 2025 09:30:00 +0000</pubDate>
  2667. <category><![CDATA[Brand Post]]></category>
  2668. <guid isPermaLink="false">https://autoexcelsior.com/nio-inc-to-report-unaudited-second-quarter-2025-financial-results-on-tuesday-september-2-2025/54071/</guid>
  2669.  
  2670. <description><![CDATA[SHANGHAI, Aug. 20, 2025 (GLOBE NEWSWIRE) &#8212; NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2025 on Tuesday, September 2, 2025, [&#8230;]]]></description>
  2671. <content:encoded><![CDATA[<p align="justify">SHANGHAI, Aug.  20, 2025  (GLOBE NEWSWIRE) &#8212; NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2025 on Tuesday, September 2, 2025, before the open of the U.S. markets.</p>
  2672. <p align="justify">The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 2, 2025 (8:00 PM Beijing/Hong Kong/Singapore Time on September 2, 2025).</p>
  2673. <p align="justify">A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.</p>
  2674. <p align="justify">For participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Dial-in numbers, passcode and unique access PIN would be provided upon registering.</p>
  2675. <p align="justify">https://s1.c-conf.com/diamondpass/10049790-gh87y6.html</p>
  2676. <p align="justify">A replay of the conference call will be accessible by phone at the following numbers, until September 9, 2025:</p>
  2677. <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;">
  2678. <tr>
  2679. <td style="max-width:40%; width:40%; min-width:40%;;text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">United States:</td>
  2680. <td style="max-width:60%; width:60%; min-width:60%;;text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">+1-855-883-1031</td>
  2681. </tr>
  2682. <tr>
  2683. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">Hong Kong, China:</td>
  2684. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">+852-800-930-639</td>
  2685. </tr>
  2686. <tr>
  2687. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">Mainland, China:</td>
  2688. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">+86-400-1209-216</td>
  2689. </tr>
  2690. <tr>
  2691. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">Singapore:</td>
  2692. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">+65-800-1013-223</td>
  2693. </tr>
  2694. <tr>
  2695. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">International:</td>
  2696. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">+61-7-3107-6325</td>
  2697. </tr>
  2698. <tr>
  2699. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">Replay PIN:</td>
  2700. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; ">10049790</td>
  2701. </tr>
  2702. <tr>
  2703. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2704. <td style="text-align: justify ;  vertical-align: middle; vertical-align: bottom ; "> </td>
  2705. </tr>
  2706. </table>
  2707. <p align="justify"><strong>About NIO Inc. </strong></p>
  2708. <p align="justify">NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.</p>
  2709. <p align="justify">For more information, please visit: http://ir.nio.com</p>
  2710. <p align="justify"><strong>Investor Relations</strong></p>
  2711. <p align="justify">ir@nio.com</p>
  2712. <p align="justify"><strong>Media Relations</strong></p>
  2713. <p align="justify">global.press@nio.com</p>
  2714. <p><img alt="" src='https://ml.globenewswire.com/media/NWZlZGYxYTctNzI3ZS00MDk5LWI1OWYtYmM5NDRhNDE3MWZhLTExMzQ0NzItMjAyNS0wOC0yMC1lbg==/tiny/NIO-Inc-.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  2715. ]]></content:encoded>
  2719. </item>
  2720. <item>
  2721. <title>‘Beyond Discrete – Sensing the Future’ Murata showcases Next-Gen Technologies Driving a Smarter and Greener Future at electronica India 2025</title>
  2722. <link>https://autoexcelsior.com/beyond-discrete-sensing-the-future-murata-showcases-next-gen-technologies-driving-a-smarter-and-greener-future-at-electronica-india-2025/54067/</link>
  2724. <dc:creator><![CDATA[Business Wire India]]></dc:creator>
  2725. <pubDate>Wed, 20 Aug 2025 06:07:00 +0000</pubDate>
  2726. <category><![CDATA[Brand Post]]></category>
  2727. <guid isPermaLink="false">https://autoexcelsior.com/beyond-discrete-sensing-the-future-murata-showcases-next-gen-technologies-driving-a-smarter-and-greener-future-at-electronica-india-2025/54067/</guid>
  2728.  
  2729. <description><![CDATA[<div style="margin-bottom:20px;"><img width="300" height="141" src="https://autoexcelsior.com/wp-content/uploads/2025/08/beyond-discrete-sensing-the-future-murata-showcases-next-gen-technologies-driving-a-smarter-and-greener-future-at-electronica-india-2025.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="‘Beyond Discrete – Sensing the Future’ Murata showcases Next-Gen Technologies Driving a Smarter and Greener Future at electronica India 2025" decoding="async" loading="lazy" /></div>Business Wire India Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) will showcase its latest innovations at electronica India 2025, being held from September 17&#8211;19 at the Bangalore International Exhibition Centre (BIEC). Located at Booth H3E01, right at the entrance of Hall 3, Murata&#8217;s exhibit will spotlight innovations aligned with this year&#8217;s main theme &#8211; [&#8230;]]]></description>
  2730. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="300" height="141" src="https://autoexcelsior.com/wp-content/uploads/2025/08/beyond-discrete-sensing-the-future-murata-showcases-next-gen-technologies-driving-a-smarter-and-greener-future-at-electronica-india-2025.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="‘Beyond Discrete – Sensing the Future’ Murata showcases Next-Gen Technologies Driving a Smarter and Greener Future at electronica India 2025" decoding="async" loading="lazy" /></div><p><b>Business Wire India</b></br></p>
  2731. <p xmlns="http://www.w3.org/1999/xhtml">Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) will showcase its latest innovations at <b>electronica India 2025</b>, being held from <b>September 17&ndash;19</b> at the <b>Bangalore International Exhibition Centre (BIEC)</b>. Located at <b>Booth H3E01</b>, right at the entrance of <b>Hall 3</b>, Murata&#8217;s exhibit will spotlight innovations aligned with this year&#8217;s main theme &ndash; <b>&lsquo;Powerplay in Electronics&#8217;</b>.</p>
  2732. <p>&nbsp;</p>
  2733. <p id="news-body-cta" xmlns="http://www.w3.org/1999/xhtml">This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250819132426/en/</p>
  2734. <p>&nbsp;</p>
  2735. <p>&nbsp;</p>
  2736. <div id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;" xmlns="http://www.w3.org/1999/xhtml"><img decoding="async" alt="[Murata Manufacturing Co., Ltd.] electronica India 2025" src="https://mms.businesswire.com/media/20250819132426/en/2556783/4/MURATA_MANUFACTURING_electronica_India_image2.jpg" /></p>
  2737. <p style="font-size:85%;">[Murata Manufacturing Co., Ltd.] electronica India 2025</p>
  2738. </div>
  2739. <p>&nbsp;</p>
  2740. <p xmlns="http://www.w3.org/1999/xhtml">This year, Murata will present its innovations under the theme <b>&lsquo;Beyond Discrete &ndash; Sensing the Future,&#8217;</b> highlighting its transformation beyond traditional component manufacturing to a provider of intelligent, integrated solutions. The exhibition will highlight Murata&#8217;s strengths in sensing, connectivity, and power technologies, and how these capabilities are enabling smarter, more sustainable systems across key sectors such as mobility, digital infrastructure, and environmental applications. The booth will feature <b>three immersive experience zones</b>: <b>Data Centre, Mobility, and Sensing Solutions.</b></p>
  2741. <p>&nbsp;</p>
  2742. <p xmlns="http://www.w3.org/1999/xhtml"><b>Data Centre Zone: Powering Scalable and Sustainable Infrastructure</b></p>
  2743. <p>&nbsp;</p>
  2744. <p>&nbsp;</p>
  2745. <p xmlns="http://www.w3.org/1999/xhtml">In this zone, Murata will feature a range of high-efficiency power modules and advanced RF switch technologies from pSemi, its semiconductor subsidiary. These solutions are engineered to meet the growing demands of modern digital infrastructure, offering compact, reliable, and sustainable performance to support the expansion of data centres in the AI and 5G era.</p>
  2746. <p>&nbsp;</p>
  2747. <p>&nbsp;</p>
  2748. <p xmlns="http://www.w3.org/1999/xhtml"><b>Mobility Zone: Accelerating the Shift to Smart Transportation</b></p>
  2749. <p>&nbsp;</p>
  2750. <p>&nbsp;</p>
  2751. <p xmlns="http://www.w3.org/1999/xhtml">Murata&#8217;s Mobility Zone will present advanced technologies driving the future of intelligent transportation. This includes Vehicle-to-Everything (V2X) communication modules to support real-time data exchange, and MEMS sensors for structural monitoring and in-vehicle applications. Visitors will also see 3-row CPD radar systems, underscoring Murata&#8217;s commitment to safer, autonomous, and connected mobility.</p>
  2752. <p>&nbsp;</p>
  2753. <p>&nbsp;</p>
  2754. <p xmlns="http://www.w3.org/1999/xhtml"><b>Sensing Solutions Zone: Building Smarter, Sustainable Ecosystems</b></p>
  2755. <p>&nbsp;</p>
  2756. <p>&nbsp;</p>
  2757. <p xmlns="http://www.w3.org/1999/xhtml">The Sensing Solutions Zone will showcase how Murata&#8217;s sensing and communication technologies enable smarter environments &#8211; from industrial and urban infrastructure to agriculture and healthcare. Highlights include AI-powered video analytics, LoRa-based sensing solutions for agriculture and environmental monitoring, and battery life cycle optimization technologies. The zone also features collaborative solutions developed with global partners such as Toshiba and Renesas, including edge AI voice detection modules, SMD PIR sensors, and compact integrated micro-modules &#8211; all designed to bring intelligence, efficiency, and sustainability to real-world applications.</p>
  2758. <p>&nbsp;</p>
  2759. <p>&nbsp;</p>
  2760. <p xmlns="http://www.w3.org/1999/xhtml"><b>Beyond Discrete &ndash; Sensing the Future</b></p>
  2761. <p>&nbsp;</p>
  2762. <p>&nbsp;</p>
  2763. <p xmlns="http://www.w3.org/1999/xhtml">Murata&#8217;s participation at electronica India 2025 goes beyond a conventional exhibition. It reflects the company&#8217;s commitment to transforming passive components into active enablers of intelligent systems. Through live demos and real-world cases, Murata will demonstrate how its sensing and communication technologies empower a future where the physical and digital worlds are seamlessly integrated.</p>
  2764. <p>&nbsp;</p>
  2765. <p>&nbsp;</p>
  2766. <p xmlns="http://www.w3.org/1999/xhtml"><b>Join us at electronica India 2025</b></p>
  2767. <p>&nbsp;</p>
  2768. <p>&nbsp;</p>
  2769. <p xmlns="http://www.w3.org/1999/xhtml">Visit <b>Murata at Booth H3E01</b>, <b>Hall 3</b> at <b>electronica India 2025</b> to witness how Murata is redefining what&#8217;s possible through innovation, intelligence, and integration. From sustainable mobility to smart infrastructure and beyond, Murata continues to lead the way in delivering solutions that go far <b>&lsquo;Beyond Discrete&#8217;</b> &#8211; toward a more connected and intelligent future.</p>
  2770. <p>&nbsp;</p>
  2771. <p>&nbsp;</p>
  2772. <p xmlns="http://www.w3.org/1999/xhtml"><b><span class="bwuline">About Murata</span></b></p>
  2773. <p>&nbsp;</p>
  2774. <p>&nbsp;</p>
  2775. <p xmlns="http://www.w3.org/1999/xhtml">Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components &amp; solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world.</p>
  2776. <p>&nbsp;</p>
  2777. <p>&nbsp;</p>
  2778. <p xmlns="http://www.w3.org/1999/xhtml">Murata India plays a strategic role in the company&#8217;s global operations, supporting customers across the country with advanced engineering capabilities, local application support, and deep industry partnerships. Through its presence in key Indian technology hubs, Murata India is driving forward the company&#8217;s commitment to enabling innovation and sustainable growth in one of the world&#8217;s most dynamic markets.</p>
  2779. <p>&nbsp;</p>
  2780. <p>&nbsp;</p>
  2781. <p xmlns="http://www.w3.org/1999/xhtml"><b>For more information, visit Murata&#39;s website</b></p>
  2782. <p>&nbsp;</p>
  2783. <p>&nbsp;</p>
  2784. <p xmlns="http://www.w3.org/1999/xhtml"><img decoding="async" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20250819132426r1&amp;sid=bwiftp&amp;distro=ftp" /></p>
  2785. <p>&nbsp;</p>
  2786. <p>&nbsp;</p>
  2787. <p id="mmgallerylink" xmlns="http://www.w3.org/1999/xhtml"><span id="mmgallerylink-phrase">View source version on businesswire.com: </span><span id="mmgallerylink-link">https://www.businesswire.com/news/home/20250819132426/en/</span></p>
  2788. <p>&nbsp;</p>
  2789. <p> <img id='img_pixel' src='https://bwi-api-react.businesswireindia.com/images/pixel.gif' alt='' width='0' height='0' border='0' loaded='' onload="javascript:if(document.getElementById('img_pixel').getAttribute('loaded')==''){document.getElementById('img_pixel').src='https://bwi-api-react.businesswireindia.com/api/BWIWesiteGet/partnerSiteAnalytics?value=J9Oaw7tb9HtRoE6EcZoUighqZsXUjxAX0ghdUlF%2BvAYhwAg%3D&#038;referrer='+encodeURIComponent(document.referrer)+'&#038;current='+encodeURIComponent(document.URL);document.getElementById('img_pixel').setAttribute('loaded','k');}" /> <br />Disclaimer: The above press release comes to you under an arrangement with Business Wire India. We takes no editorial responsibility for the same.</p>
  2790. ]]></content:encoded>
  2794. </item>
  2795. <item>
  2796. <title>OVN LLC Expands Nationwide Expedited Freight Capabilities with 24/7 Customer Support and Real-Time Tracking</title>
  2797. <link>https://autoexcelsior.com/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking/54056/</link>
  2799. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  2800. <pubDate>Tue, 19 Aug 2025 15:00:00 +0000</pubDate>
  2801. <category><![CDATA[Brand Post]]></category>
  2802. <guid isPermaLink="false">https://autoexcelsior.com/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking/54056/</guid>
  2803.  
  2804. <description><![CDATA[<div style="margin-bottom:20px;"><img width="2560" height="1434" src="https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-scaled.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="OVN LLC Expands Nationwide Expedited Freight Capabilities with 24/7 Customer Support and Real-Time Tracking" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-scaled.png 2560w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-300x168.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-1024x574.png 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-768x430.png 768w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-1536x861.png 1536w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-2048x1148.png 2048w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></div>Illinois-based carrier boosts capacity and visibility for shippers across the U.S. and Canada OVN Portal OVN’s digital portal showcased on mobile — fast, secure, and always at your fingertips. ELK GROVE VILLAGE, Ill., Aug. 19, 2025 (GLOBE NEWSWIRE) &#8212; OVN LLC, an asset-based carrier specializing in expedited freight solutions, today announced the expansion of its nationwide [&#8230;]]]></description>
  2805. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="2560" height="1434" src="https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-scaled.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="OVN LLC Expands Nationwide Expedited Freight Capabilities with 24/7 Customer Support and Real-Time Tracking" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-scaled.png 2560w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-300x168.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-1024x574.png 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-768x430.png 768w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-1536x861.png 1536w, https://autoexcelsior.com/wp-content/uploads/2025/08/ovn-llc-expands-nationwide-expedited-freight-capabilities-with-24-7-customer-support-and-real-time-tracking-2048x1148.png 2048w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></div><p><em>Illinois-based carrier boosts capacity and visibility for shippers across the U.S. and Canada</em></p>
  2806. <div style="float:right;padding:0 0 15px 20px;margin:15px 0 20px 20px;width:300px">
  2807. <p>OVN Portal </p>
  2808. <figure>
  2809.    <img decoding="async" src="https://ml.globenewswire.com/Resource/Download/54a05ac4-43ea-47f2-8355-202d83f03cf8" title="OVN Portal" alt="OVN’s digital portal showcased on mobile — fast, secure, and always at your fingertips." /><figcaption>OVN’s digital portal showcased on mobile — fast, secure, and always at your fingertips.</figcaption></figure>
  2810. </div>
  2811. <p align="left">ELK GROVE VILLAGE, Ill., Aug.  19, 2025  (GLOBE NEWSWIRE) &#8212; <em>OVN LLC, an asset-based carrier specializing in expedited freight solutions, today announced the </em><em>expansion of its nationwide delivery network, providing shippers with faster, more transparent, and </em><em>more reliable transportation services.</em></p>
  2812. <p><em>With a fleet of over 1,000 cargo vans and a team of TWIC/TSA-certified drivers, OVN delivers </em><em>time-sensitive freight with precision and speed across the United States and Canada. The company’s proprietary online platform offers instant quotes in under 15 minutes, free load posting, and a live interactive map that allows customers to track their shipments in real time.</em></p>
  2813. <p><em>“Our mission has always been simple—make expedited freight stress-free,” said Oleh Holovatiuk, CEO at OVN. “From the moment a shipment is booked, customers get full visibility, real-time </em><em>communication, and peace of mind knowing their freight is in experienced hands.”</em></p>
  2814. <p><em>In addition to cutting-edge technology, OVN offers branded, shareable tracking links, enabling shippers to keep their clients informed with accurate ETAs. The company’s 24/7/365 dispatch center supports customers with live chat, image sharing, and proactive updates.</em></p>
  2815. <p><strong><em>Key Features of OVN’s Service Include:</em></strong></p>
  2816. <ul>
  2817. <li><em>Nationwide &amp; Cross-Border Delivery – United States &amp; Canada coverage.</em></li>
  2818. <li><em>Certified Drivers – TWIC/TSA approved for secure shipments.</em></li>
  2819. <li><em>Rapid Quotes &amp; Booking – Online in under 15 minutes.</em></li>
  2820. <li><em>Free Load Posting – Easy access to available capacity.</em></li>
  2821. <li><em>Live Tracking – Real-time interactive map with shareable links.</em></li>
  2822. <li><em>Always-On Support – 24/7/365 dispatch and customer service.
  2823. <p></em></li>
  2824. </ul>
  2825. <p><em>OVN’s technology-driven approach and commitment to operational excellence position it as a trusted </em><em>partner for industries requiring urgent, secure deliveries—including aerospace, automotive, healthcare, and high-value manufacturing.</em></p>
  2826. <p><strong><em>About OVN LLC</em></strong><br /><em>OVN LLC is an Elk Grove Village, Illinois-based asset-based carrier specializing in expedited freight </em><em>services. With a robust fleet, certified drivers, and advanced logistics technology, OVN delivers fast, </em><em>secure, and transparent shipping solutions for businesses nationwide and in Canada.</em></p>
  2827. <p><strong><em>Media Contact:</em></strong><br /><em>Oleh Holovatiuk</em><br /><em>CEO</em><br /><em>OVN LLC</em><br /><em>Phone: </em><em>888-385-9060</em><br /><em>Website: https://ovn.llc</em></p>
  2828. <p>A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/54a05ac4-43ea-47f2-8355-202d83f03cf8</p>
  2829. <p><img alt="" src='https://ml.globenewswire.com/media/OThmZDMzNGUtYzM4MC00MDU1LWIwMzMtNTljYTI1YWMyYWY2LTEzMTYyNjgtMjAyNS0wOC0xOS1lbg==/tiny/OVN.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  2830. ]]></content:encoded>
  2834. </item>
  2835. <item>
  2836. <title>ACV Expands Its No Reserve Sale to Four Days a Week—Driving 10+ Bidders per Car and More Activity on Every Unit</title>
  2837. <link>https://autoexcelsior.com/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit/54058/</link>
  2839. <dc:creator><![CDATA[GlobeNewswire]]></dc:creator>
  2840. <pubDate>Tue, 19 Aug 2025 14:36:00 +0000</pubDate>
  2841. <category><![CDATA[Brand Post]]></category>
  2842. <guid isPermaLink="false">https://autoexcelsior.com/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit/54058/</guid>
  2843.  
  2844. <description><![CDATA[<div style="margin-bottom:20px;"><img width="1125" height="498" src="https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ACV Expands Its No Reserve Sale to Four Days a Week—Driving 10+ Bidders per Car and More Activity on Every Unit" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit.png 1125w, https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit-300x133.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit-1024x453.png 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit-768x340.png 768w" sizes="auto, (max-width: 1125px) 100vw, 1125px" /></div>Dealers see strong engagement with 85% of vehicles selling above the guaranteed offer and auctions attracting 35+ bids on average BUFFALO, N.Y., Aug. 19, 2025 (GLOBE NEWSWIRE) &#8212; ACV (NYSE: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, has scaled up its popular No Reserve Sale to four [&#8230;]]]></description>
  2845. <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1125" height="498" src="https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ACV Expands Its No Reserve Sale to Four Days a Week—Driving 10+ Bidders per Car and More Activity on Every Unit" decoding="async" loading="lazy" srcset="https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit.png 1125w, https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit-300x133.png 300w, https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit-1024x453.png 1024w, https://autoexcelsior.com/wp-content/uploads/2025/08/acv-expands-its-no-reserve-sale-to-four-days-a-week-driving-10-bidders-per-car-and-more-activity-on-every-unit-768x340.png 768w" sizes="auto, (max-width: 1125px) 100vw, 1125px" /></div><p><em>Dealers see strong engagement with 85% of vehicles selling above the guaranteed offer and auctions attracting 35+ bids on average</em></p>
  2846. <p>BUFFALO, N.Y., Aug.  19, 2025  (GLOBE NEWSWIRE) &#8212; <u>ACV</u> (NYSE: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, has scaled up its popular No Reserve Sale to four days each week, giving dealers on both sides of the auction more opportunities than ever to sell and source inventory in true $0 reserve auctions.</p>
  2847. <p>The expanded schedule now features sales every Tuesday, Wednesday, Thursday and Saturday at 12:00 PM ET. The change introduced a new Wednesday sale and moved the Saturday start time up from 2:00 PM ET to 12:00 PM ET, aligning all events to a consistent midday slot for maximum dealer engagement.</p>
  2848. <p><strong>Turn Inventory Into Cash—With No Risk and All the Upside</strong></p>
  2849. <p>The No Reserve Sale is the fastest, most profitable way for dealers to move inventory on ACV’s platform. Sellers select vehicles directly from the My ACV dashboard, receive a guaranteed payout and then launch them into a $0 reserve sale on any four days when the sale is offered. If the vehicle sells for more than ACV’s guaranteed offer, the dealer keeps the upside. If it sells for less, ACV covers the difference.</p>
  2850. <p><strong>Performance stats sellers love include</strong>:</p>
  2851. <ul type="disc">
  2852. <li>85% of vehicles sell above the guaranteed offer</li>
  2853. <li>10+ unique bidders on average per auction</li>
  2854. <li>35+ bids on average per auction</li>
  2855. <li>100+ views on average per auction</li>
  2856. </ul>
  2857. <p>With complete flexibility to sell one vehicle or bundle multiple units, in-app management, and true-up payments every 10 days, No Reserve Sale turns wholesale into fast, predictable cash flow with 85% upside potential.</p>
  2858. <p>“With the [ACV No Reserve] Sale, [cars] get triple and sometimes quadruple the amount of views,” said Iggy Cherkashyn, owner of Next Level Wholesale. “One hundred [or more] different bidders will look over your car, and at the end of the auction—the “Golden Minute”—is usually when the top dog gets decided by two or three dealers. Everything that sells over that guaranteed [price] you get to keep. No percent of that gets taken out. You come out with a big smile on your face at the end of the sales because things tend to do a lot better.”</p>
  2859. <p><strong>Nationwide Access to Diverse, Market-Ready Inventory</strong></p>
  2860. <p>ACV is the only wholesale auction platform launching hundreds of vehicles nationwide at $0 reserve—and now, with the expanded schedule, buyers have four opportunities each week to score deals. Every Tuesday, Wednesday, Thursday and Saturday at 12:00pm ET, dealers get exclusive access to 1,500+ vehicles weekly across a wide variety of makes, models and price points.</p>
  2861. <p><strong>Buyer benefits include</strong>:</p>
  2862. <ul type="disc">
  2863. <li>Every vehicle launches at $0 reserve</li>
  2864. <li>Every car sells—when you place the final bid, you win</li>
  2865. <li>Preview inventory early in the No Reserve Preview Lane to make notes and set proxy bids</li>
  2866. </ul>
  2867. <p>“At ACV, we strive to make life easier—and more profitable—for dealers on both sides of the auction,” said Vikas Mehta, COO at ACV. “This expansion isn’t just about adding more sales to the calendar—it’s about giving dealers more control, more options and more opportunities to win. Whether you’re a seller looking to drive wholesale profits and move inventory quickly with no risk, or a buyer hunting for the right vehicles at the right price, our No Reserve auction days deliver real results. We’ve seen dealers turn slow-moving inventory into instant cash flow, and buyers secure the inventory they need to keep their lots full. That’s what drives us—helping our dealer community succeed in a competitive market.”</p>
  2868. <p><strong><u>About ACV</u></strong><br />ACV is on a mission to transform the automotive industry by building the most trusted and efficient digital marketplaces and data solutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable.</p>
  2869. <p>ACV offerings include ACV Auctions, ACV Transportation, ACV Capital, MAX Digital, True360, and ClearCar. For more information about ACV, visit www.acvauto.com.</p>
  2870. <p><em>Trademark reference: ACV, the ACV logo, and ClearCar are registered trademarks or trademarks of ACV Auctions, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners</em><em>.</em></p>
  2871. <p><strong>Media Contact:</strong><br />Maura Duggan<br /><u>maura@acvauctions.com</u></p>
  2872. <p><img alt="" src='https://ml.globenewswire.com/media/MzVkNDY5ODMtYWEwZC00MGZhLWJmZmItN2MxYWFmMjIxMjBkLTEyMTA5MDgtMjAyNS0wOC0xOS1lbg==/tiny/ACV.png' referrerpolicy='no-referrer-when-downgrade' /></p>
  2873. ]]></content:encoded>
  2877. </item>
  2878. </channel>
  2879. </rss>
  2880.  

If you would like to create a banner that links to this page (i.e. this validation result), do the following:

  1. Download the "valid RSS" banner.

  2. Upload the image to your own server. (This step is important. Please do not link directly to the image on this server.)

  3. Add this HTML to your page (change the image src attribute if necessary):

If you would like to create a text link instead, here is the URL you can use:

http://www.feedvalidator.org/check.cgi?url=https%3A//autoexcelsior.com/feed/

Home · About · News · Docs · Terms

 
Copyright © 2002-9 Sam Ruby, Mark Pilgrim, Joseph Walton, and Phil Ringnalda