NU Ride Inc (NRDE)

[Saving Grace]

R&D for the first quarter of 2023 was $14.4 million related to development and engineering activities associated with the Endurance and future programs, and consisted primarily of $9.7 million in personnel costs, $2.2 million for outside engineering and consulting services and $2.5 million in prototype components and other testing and development supplies.

Our assets consist of cash and cash equivalents, restricted cash, the Foxconn Litigation claims, claims the Company may have against other parties and NOLs.

The Van, MIH EV's, prototypes, were all paid for in 2023 and in the Foxconn litigation. Endurance was already road tested and certified before 2023 first quarter report, and Endurance was not a prototype at this point yet $2.5 million was spent on prototype components and other testing and development supplies.

Either way Foxconn Litigation claims is the Multi Billion Dollar question.

I can assure, no common stock shares would be being acquired or Directors buying a $1.2 million stake this month unless they were certain of the direction of the company. I bet we see more buys coming in this quarter, or acquiring more shares.

If they weren't in litigation, there would be stories about that alone in Bloomberg.