Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.5.0.2
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2016
Long-Term Debt/ Subscription Agreements [Abstract]  
Schedule of long-term debt
      (Unaudited) 
June 30, 2016		    

December 31,

2015

  
  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. Note was paid on February 2016.   $ -     $ 2,722,500  
                   
  Note payable to the City of Loveland, 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  
                   
        50,000       2,772,500  
  Less current portion     50,000       2,772,500  
  Long term debt   $ -     $ -