17.Segmented information

The Company operates in two reportable business segments.

The two reportable business segments offer different products, require different production processes and are based on how the financial information is produced internally for the purposes of making operating decisions. The following summary describes the operations of each of the Company’s reportable business segments:

Electric Vehicles – development and manufacture of electric vehicles for mass markets; and

Custom built vehicles – development and manufacture of high-end custom-built vehicles.

No business segments have been aggregated to form the above reportable business segments.


	Three months ended June 30, 2021				Three months ended June 30, 2020
			Custom Built				Custom Built
	Electric Vehicles		Vehicles		Electric Vehicles		Vehicles
Revenue	$	—	$	298,796	$	—	$	12,038
Gross profit		—		45,092		—		(15,986)
Operating expenses		(15,300,323)		(66,518)		(4,359,036)		(44,489)
Other items		3,762,769		112,445		(4,994,265)		78,852
Current income tax recovery		(850)		—		—		—
Deferred income tax recovery		—		—		—		(3,375)
Net income/(loss)	$	(11,538,404)	$	91,019	$	(9,353,301)	$	15,002


	Six months ended June 30, 2021				Six months ended June 30, 2020
			Custom Built				Custom Built
	Electric Vehicles		Vehicles		Electric Vehicles		Vehicles
Revenue	$	—	$	482,385	$	—	$	98,894
Gross profit		—		13,075		—		(53,373)
Operating expenses		(24,150,803)		(118,382)		(9,413,584)		(92,016)
Other items		12,478,061		150,850		(1,278,765)		61,029
Current income tax recovery		(850)		—		(800)		—
Deferred income tax recovery		—		—		—		20,381
Net income/(loss)	$	(11,673,592)	$	45,543	$	(10,693,149)	$	(63,979)


	June 30, 2021				December 31, 2020
	Electric Vehicles		Custom Built Vehicles		Electric Vehicles		Custom Built Vehicles
Inventory	$	308,229	$	270,101	$	305,443	$	303,651
Plant and equipment		10,637,414		260,595		9,014,777		275,531