Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2015
Long-Term Debt/ Subscription Agreements [Abstract]  
Schedule of long-term debt
      June 30,
2015
    December 31, 2014  
  Secured debenture payable to Workhorse Custom Chassis, LLC, due March 2016 plus interest at 10%.  The debenture is secured by the real estate and related assets of the plant located in Union City, Indiana with a net book value of $3,805,015 at June 30, 2015     2,722,500       2,475,000  
                   
  Note payable, Bank due in monthly installments of $635 including interest at 5.04% with the final payment due August 2015.  The note is secured by equipment with a net book value of $1,121 at June 30, 2015     2,780       4,711  
                   
  Note payable, vendor due in monthly installments of $439 including interest at 8.00% with the final payment due December 2014.  The was paid on December 31, 2014     -       334  
                   
  Note payable to the City of Loveland, due in annual installments of $10,241 including interest with the final payment due October 2016.  Interest rate amended to 8.00%.  The note is unsecured and contains restrictions on the use of proceeds.     50,000       50,000  
        2,775,280       2,530,045  
  Less current portion     2,765,280       35,904  
  Long term debt     10,000       2,494,141  

Schedule of aggregate maturities of long-term debt
 
  2015       2,765,280  
  2016       100  
          2,775,280