XML 85 R75.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Related Party Transactions - Narrative (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Feb. 14, 2024
USD ($)
day
Aug. 28, 2023
Sep. 26, 2022
USD ($)
Dec. 31, 2023
USD ($)
Sep. 25, 2022
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 22, 2021
USD ($)
Related Party Transaction                  
Transition services agreement, option to extend term     6 months            
Transition services agreement, maximum aggregate service term     18 months            
Transition services agreement, termination notice period     45 days            
Master services agreement, initial term     7 years            
Contract manufacturing agreement, term     5 years            
Contract manufacturing agreement, termination notice period     2 years            
Contract manufacturing agreement, termination, minimum period , failure to perform certain obligations     6 months            
Selling, general and administrative expense           $ 110,217,000 $ 87,859,000 $ 65,608,000  
Net proceeds from various related parties     $ 293,717,000            
Non-cash activity             5,183,000    
Revenue, net           38,023,000 46,833,000 35,806,000  
Cost of goods sold           43,795,000 43,929,000 38,380,000  
Lease assets       $ 1,868,000   1,868,000 3,128,000    
Operating Lease, Liability, Current       1,152,000   1,152,000 1,312,000    
Long-term portion of lease liabilities       792,000   792,000 1,913,000    
Manufacturing costs           3,402,000 4,442,000    
Operating expenses           2,702,000 2,166,000    
Capital contribution from parent         $ 59,051,000 0 59,051,000 85,493,000  
Related party debt borrowings           $ 0 15,333,000 2,100,000  
Master services agreement, termination, minimum production percentage           40.00%      
STACYC                  
Related Party Transaction                  
Selling, general and administrative expense           $ 9,355,000 8,023,000 7,612,000  
Revenue, net           26,475,000 32,834,000 26,101,000  
Cost of goods sold           16,498,000 20,661,000 16,374,000  
Convertible Term Loan | Subsequent Event                  
Related Party Transaction                  
Line of credit, maximum borrowing capacity $ 100,000,000                
Federal reserve bank, SOFR , interest period 6 months                
Stated interest rate 4.00%                
Debt instrument, maturity period, after first draw loan date 24 months                
Debt Instrument, Percentage of Weighted Average Price Used As Conversion 90.00%                
Trading days | day 30                
First Line of Credit Agreement | Line of Credit                  
Related Party Transaction                  
Line of credit, maximum borrowing capacity                 $ 5,000,000
Stated interest rate                 6.60%
Line of credit             0    
Second Line of Credit Agreement | Line of Credit                  
Related Party Transaction                  
Line of credit, maximum borrowing capacity             $ 10,000,000    
Stated interest rate             6.60%    
Line of credit             $ 5,333,000    
Third Line of Credit Agreement | Line of Credit                  
Related Party Transaction                  
Line of credit, maximum borrowing capacity             $ 60,000,000    
Stated interest rate             6.60%    
Line of credit             $ 100,000    
Related Party                  
Related Party Transaction                  
Selling, general and administrative expense           14,993,000 3,485,000    
Accounts payable       20,371,000   20,371,000 5,733,000    
Accounts receivable, net       3,402,000   3,402,000 525,000    
Cost of goods sold           23,433,000 1,685,000    
Interest expense related party           0 (475,000) (293,000)  
Related Party | Loans Payable                  
Related Party Transaction                  
Interest expense related party         $ 0     $ 59,000  
Harley Davidson Inc. | Related Party                  
Related Party Transaction                  
Accounts payable       20,371,000   20,371,000 5,733,000    
Accounts receivable, net       3,351,000   3,351,000 388,000    
Cost of goods sold           71,000 100,000    
Lease assets             398,000    
Operating Lease, Liability, Current             140,000    
Long-term portion of lease liabilities             258,000    
Operating lease, expense           176,000 45,000    
Related party debt borrowings           15,333,000      
Principal amount settled           20,766,000      
Accrued interest settled           844,000      
Harley Davidson Inc. | Related Party | STACYC                  
Related Party Transaction                  
Accounts receivable, net       51,000   51,000 137,000    
Harley Davidson Inc. | Service Agreement | Related Party                  
Related Party Transaction                  
Selling, general and administrative expense           14,993,000 3,485,000    
Accounts payable       4,042,000   4,042,000 3,791,000    
Cost of goods sold           23,433,000 1,685,000    
Harley Davidson Inc. | Sales | Related Party                  
Related Party Transaction                  
Revenue, net           $ 113,000 141,000    
Harley Davidson Inc. | Sales | Related Party | Electric motorcycles                  
Related Party Transaction                  
Transition services agreement, termination notice period           30 days      
Harley Davidson Inc. | Lease Agreement | Related Party                  
Related Party Transaction                  
Lessee, operating lease, amended term of contract   12 months              
Lease assets       274,000   $ 274,000      
Operating Lease, Liability, Current       162,000   162,000      
Long-term portion of lease liabilities       112,000   112,000      
Harley Davidson Inc. | Excess Inventory Charge | Related Party                  
Related Party Transaction                  
Related party transaction       2,552,000   6,309,000      
Harley Davidson Inc. | Contract Manufacturing Agreement | Related Party                  
Related Party Transaction                  
Accounts payable       $ 10,020,000   10,020,000 1,942,000    
Cost of goods sold           $ 17,053,000 $ 1,585,000    
Minimum                  
Related Party Transaction                  
Transition Services Agreement, Terimation Period     6 months            
Minimum | Subsequent Event                  
Related Party Transaction                  
Contract manufacturing agreement, term 5 years                
Maximum                  
Related Party Transaction                  
Transition Services Agreement, Terimation Period     12 months            
Maximum | Subsequent Event                  
Related Party Transaction                  
Contract manufacturing agreement, term 6 years