Saleen Automotive, Inc. (fka SLNN)

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Answer: Saleen receives $1.1M of deposits from customers wanting to buy a Saleen Model car.
The cash goes in the bank. Debit Cash / Credit Deposits
If Saleen was building these customer's cars the cash would be spent on inventory.
At the end of any period the cash balance would go down and the RM & WIP inventory would go up.
At some point, the WIP inventory would convert to FG inventory. Then, when the car is delivered to the customer the FG inventory would go down, Revenue would go up and Cash would go up from the customer paying for the balance of the car and the deposit balance would go down.

So one question... Let's just say that they had the $1.1 in deposits but also delivered every vehicle that was order (which is what they are doing) but still they do deliver them. Then please explain how that is a so called "ponzi scheme"?

The reason that it is an obvious Ponzi Scheme is because the Deposit account keeps going up.
The cash goes down and the inventory is going down (not up). That means that the cash received from customers is being spent on something other than inventory.
When you look at Saleen's Income Statement it is obvious that the money is being spent on Wages, SG&A expenses (Travel, Hotels, Food & Entertainment, PR, Advertising and office supplies).
The proof of the Ponzi Scheme is that it relies on Saleen taking more and more orders so that the money received today from one customer would be used to buy the parts for a car that was ordered weeks or months ago and that is what is obviously going on at Saleen. If the company was solvent, Saleen would still have the $1.1M in cash and or inventory and it does not. Not even close. Any district attorney could convict Saleen just on the evidence from their audited financial statements alone. At some point these customers will want delivery of their cars or their deposits back and when multiple customers start complaining at the same time the Ponzi scheme will blow up in Saleen's face.