Elio Motors Inc. (ELIO)

[UP Trend]

As of December 31, 2020, we had reservations and related deposits for 65,453 Elio vehicles, with $26.7 million of these deposits being non-refundable, and $1.2 million being subject to cancellation upon demand by the customer up until delivery of the vehicle. These reservations secure a customer’s place in line to purchase an Elio. Holders with refundable reservations may cancel their reservations for many reasons.