UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended ~~September~~March 3031, ~~2022~~2023

☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from _____ to _______

Commission File Number: 001-39132

EVMO, INC.

(exact name of registrant as specified in its charter)

Delaware		81-3028414
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
2301 N. Sepulveda Blvd. Manhattan Beach, California		90266
2301 N. Sepulveda Blvd. Manhattan Beach, CA		90266
(Address of principal executive offices)		(Zip Code)

(310) 926-2643

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
None		N/A		N/A

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

6971,~~702~~302,649 shares of common stock, $0.000001 par value, as of ~~November~~May 1422, ~~2022~~2023.

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION:
Item 1.	Financial Statements	1
	Condensed Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021 (unaudited)	2
	Condensed Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022 (unaudited)	2
	Condensed Consolidated Statements of Operations for the Nine Months Ended September 30, 2022 and 2021 (unaudited)	3
	Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2023 and 2022 (unaudited)	3
	Condensed Consolidated Statements of Stockholders’ Equity for the Nine Months Ended September 30, 2022 and 2021 (unaudited)	4
	Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2023 and 2022 (unaudited)	4
	Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2022 and 2021 (unaudited)	5
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2023 and 2022 (unaudited)	5
	Notes to Condensed Consolidated Financial Statements (unaudited)	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	2625
Item 4.	Controls and Procedures	2625
PART II OTHER INFORMATION:
Item 1.	Legal Proceedings	2726
Item 1A.	Risk Factors	2726
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	2726
Item 3.	Defaults Upon Senior Securities	2726
Item 4.	Mine Safety Disclosures	2726
Item 5.	Other Information	2726
Item 6.	Exhibits	2726
	Signatures	2827

~~Item 1~~EVmo, Inc. ~~Financial Statements.~~

~~EVmo,~~Consolidated ~~Inc.~~Financial Statements

~~Consolidated~~For ~~Financial~~Three ~~Statements~~Months Ended March 31, 2023 and 2022 (unaudited)

~~For the Nine Months Ended September 30, 2022 and 2021 (unaudited)~~Contents

Contents

	Page
Financial Statements:

Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022	2

Consolidated Statements of Operations for the Three Months ended March 31, 2023 and 2022	3

Consolidated Statement of Stockholders’ Equity for the Three Months ended March 31, 2023 and 2022	4

Consolidated Statements of Cash Flows for the Three Months ended March 31, 2023 and 2022	5

Notes to Consolidated Financial Statements	6

	Page
Financial Statements:
Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021	2
Consolidated Statements of Operations for the Nine Months ended September 30, 2022 and 2021	3
Consolidated Statement of Stockholders’ Equity for the Nine Months ended September 30, 2022 and 2021	4
Consolidated Statements of Cash Flows for the Nine Months ended September 30, 2022 and 2021	5
Notes to Consolidated Financial Statements	6

1EVmo, Inc.

~~EVmo,~~Condensed ~~Inc.~~Consolidated Balance Sheets

~~Condensed~~As ~~Consolidated~~of ~~Balance~~March ~~Sheets~~31, 2023 and December 31, 2022

As of September 30, 2022 and December 31, 2021

	March 31,			December 31,
	2023			2022
ASSETS
Current Assets:
Cash	$	1,280,180		$	1,702,942
Accounts receivable		844,604			919,245
Prepaid expenses		11,733			3,704
Deferred offering costs		-			-
Total current assets		2,136,517			2,625,891

Property and equipment, net		158,310			165,781
Rental vehicles, net		20,040,352			20,701,427
Right of use asset		-			-
Other assets		2,000,161			2,439,099
TOTAL ASSETS	$	24,335,340		$	25,932,197

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:
Accounts payable (including $0 and $207,135 to related party)	$	2,407,771		$	1,834,808
Credit Cards		152,724			171,154
Accrued expenses		219,796			217,118
Notes payables, current		625,000			531,250
Accrued Bellridge Settlement, current		300,000			-
Finance lease obligations, current		4,909,003			4,829,349
Operating lease obligations, current		-			-
Total current liabilities		8,614,294			7,583,679

Advance from related parties, non-current		-			600,000
Note payable, net of current portion (net of discount of $879,929 and $953,256)		7,345,071			6,459,244
Finance lease obligations, net of current portion		7,607,738			8,845,919
Accrued Bellridge Settlement, net of current portion		1,295,000			-
TOTAL LIABILITIES		24,862,103			23,488,842

Commitments and contingencies		-			-

Series B Preferred stock, $0.000001 par value;		-			-

STOCKHOLDERS’ EQUITY
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; nil shares issued and outstanding		-			-
Common stock, $0.000001 par value; 90,000,000 shares authorized; 71,302,649 and 69,469,399 shares issued and outstanding		70			70
Additional paid-in capital		53,412,600			53,244,383
Accumulated deficit		(53,939,433	)		(50,801,098	)
Total stockholders’ equity		(526,763	)		2,443,355
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	24,335,340		$	25,932,197

	September 30,			December 31,
	2022			2021
	(unaudited)
ASSETS
Current Assets:
Cash	$	4,332,459		$	1,853,928
Accounts receivable		785,487			751,450
Prepaid expenses		-			609,701
Deferred offering costs		-			862,855
Total current assets		5,117,946			4,077,934
Property and equipment, net		42,991			45,601
Rental vehicles, net		22,250,585			8,887,319
Right of use asset		30,340			149,759
Other assets		1,477,471			100,000
TOTAL ASSETS	$	28,919,333		$	13,260,613
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable (including $504,403 and $670,047 to related party)	$	1,391,469		$	3,784,315
Credit Cards		130,702			-
Accrued expenses		352,697			1,156,265
Notes payables, current (net of discount of $0 and $0)		437,500			156,225
Customer deposit - related party		-			-
Finance lease obligations, current		4,839,040			1,810,374
Operating lease obligations, current		38,532			143,894
Total current liabilities		7,189,940			7,051,073
Advance from related parties, non-current		600,000
Note payable, net of current portion (net of discount of $1,024,595 and $1,246,566)		5,975,405			6,097,209
Finance lease obligations, net of current portion		9,819,373			2,178,836
Operating lease obligations, net of current portion		-			12,988
TOTAL LIABILITIES		23,584,718			15,340,106
Commitments and contingencies		-			-
Series B Preferred stock, $0.000001 par value; 230,550 shares authorized; nil and 230,375 shares issued and outstanding		-			2,303,750
STOCKHOLDERS’ EQUITY
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; nil shares issued and outstanding		-			-
Common stock, $0.000001 par value; 90,000,000 shares authorized;69,827,149 and 35,758,149 shares issued and outstanding		70			36
Additional paid-in capital		53,212,179			39,275,591
Accumulated deficit		(47,877,634	)		(43,658,870	)
Total stockholders’ equity		5,334,615			(4,383,243	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	28,919,333		$	13,260,613

The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.

~~The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.~~2

2EVmo, Inc.

~~EVmo,~~Condensed ~~Inc.~~Consolidated Statements of Operations

~~Condensed~~For ~~Consolidated~~Three ~~Statements~~Months ofEnded ~~Operations~~March 31, 2023 and 2022 (unaudited)

For the Nine Months Ended September 30, 2022 and 2021 (unaudited)

	2023			2022
	Three Months Ended March 31,
	2023			2022

Revenue	$	3,844,136		$	2,459,709

Cost of revenue*		3,288,738			1,972,063
*includes vehicle depreciation		85.55	%		80.17	%
Gross profit		555,398			487,646
		14.45	%		19.83	%
Operating expenses:
Selling and marketing expenses		94,123			64,336
Product development		44,502			19,000
General and administrative expenses		3,231,409			1,462,325
Total operating expenses		3,370,034			1,545,661

Loss from operations		(2,814,636	)		(1,058,015	)

Other income (expense):
Interest and financing costs		(998,773	)		(452,037	)
Other income		673,697			-
Gain on forgiveness of debt		-			-
Total other income (expense)		(325,076	)		(452,037	)

Net loss	$	(3,139,712	)	$	(1,510,052	)

Weighted average shares outstanding :
Basic		71,302,649			69,469,399
Diluted		71,302,649			69,469,399

Loss per share
Basic	$	(0.04	)	$	(0.02	)
Diluted	$	(0.04	)	$	(0.02	)

	2022			2021			2022			2021
	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
	(unaudited)						(unaudited)
Revenue	$	3,551,699		$	2,724,180		$	8,888,034		$	7,670,795
Cost of revenue*		2,579,086			2,285,878			6,636,641			5,982,075
*Includes vehicle depreciation
Gross profit		972,613			438,302			2,251,393			1,688,720
Operating expenses:
Selling and marketing expenses		99,843			26,565			244,226			257,129
Product development		85,667			46,500			160,167			106,766
General and administrative expenses		1,580,058			3,218,912			4,616,652			6,151,507
Total operating expenses		1,765,568			3,291,977			5,021,045			6,515,402
Loss from operations		(792,955	)		(2,853,675	)		(2,769,652	)		(4,826,682	)
Other income (expense):
Interest and financing costs		(712,952	)		(2,007,194	)		(1,449,120	)		(6,296,524	)
Other income		-			83,541						83,541
Gain on forgiveness of debt		-			-			-			8,000
Total other income (expense)		(712,952	)		(1,923,653	)		(1,449,120	)		(6,204,983	)
Net loss	$	(1,505,907	)	$	(4,777,328	)	$	(4,218,772	)	$	(11,031,665	)
Weighted average shares outstanding:
Basic		69,887,149			35,715,024			69,887,149			34,819,334
Diluted		69,887,149			35,715,024			69,887,149			34,819,334
Loss per share
Basic	$	(0.02	)	$	(0.13	)	$	(0.06	)	$	(0.32	)
Diluted	$	(0.02	)	$	(0.13	)	$	(0.06	)	$	(0.32	)

The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.

~~The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.~~3

3EVmo, Inc.

~~EVmo,~~Condensed ~~Inc.~~Consolidated Statements of Stockholders’ Equity

~~Condensed~~For ~~Consolidated~~Three ~~Statements~~Months ofEnded ~~Stockholders’~~March ~~Equity~~31, 2023 and 2022 (unaudited)

For the Nine Months Ended September 30, 2022 and 2021 (unaudited)

					Additional					Total
	Common Stock				Paid-in		Accumulated			Stockholders’
	Shares		Amount		Capital		Deficit			Equity (Deficit)
Balance, December 31, 2022		69,802,949		70	$	53,244,383	$	(50,801,098	)	$	2,443,355

Issuance of common stock for cash		-									-
Issuance of common stock for exercise of stock options		-									-
Issuance of common stock for legal settlement		1,500,000				150,000					150,000
Issuance of common stock for financing cost		-									-
Stock option expense						19,594					19,594
Net loss								(3,139,712	)		(3,139,712	)

Balance, March 31, 2023		71,302,949		70		53,413,977		(53,939,433	)		(526,763	)

Balance, Dec 31, 2021		35,769,524	$	36	$	39,275,591	$	(43,658,870	)	$	(4,383,243	)
											-
Issuance of common stock for cash		27,400,000		28		13,700,000					13,700,028
Issuance of common stock for exercise of stock options		91,500		1		69,996					69,997
Issuance of common stock for conversion of convertible debt		6,235,675		2		64,063					64,065
Issuance of common stock for financing cost											-
Stock option expense						26,116					26,116
Net loss								(1,510,052	)		(1,510,052	)

Balance, March 31, 2022		69,496,699		67		53,135,766		(45,168,922	)		7,966,911

Issuance of common stock for cash											-
Issuance of common stock for exercise of stock options		196,875				42,328					42,328
Stock option expense						22,868					22,868
Net Loss								(1,201,757	)		(1,201,757	)

Balance, June 30, 2022		69,693,574		67		53,200,962		(46,370,679	)		6,830,350
											-
Issuance of common stock for cash		9,375		3		2,013					2,013
Stock option expense						9,204					9,204
Net Loss								(2,924,512	)		(2,924,512	)

Balance, September 30, 2022		69,702,949		70		53,212,179		(49,295,191	)		3,917,055
Balance		69,702,949		70		53,212,179		(49,295,191	)		3,917,055

Issuance of common stock for exercise of stock options		100,000		-		23,000					23,000
Stock Option expense						9,204					9,204
Net Loss								(1,505,907	)		(1,505,907	)

Balance, December 31, 2022		69,802,949		70		53,244,383		(50,801,098	)		2,443,355
Balance		69,802,949		70		53,244,383		(50,801,098	)		2,443,355

	Shares		Amount		Capital			Deficit			Equity(Deficit)
	Common Stock				Additional Paid-in			Accumulated			Total Stockholders’
	Shares		Amount		Capital			Deficit			Equity(Deficit)
Balance, Dec 31, 2021		35,769,524	$	36	$	39,275,591		$	(43,658,870	)	$	(4,383,243	)
												-
Issuance of common stock for cash		27,400,000		28		13,700,000						13,700,028
Issuance of common stock for exercise of stock options		91,500		1		69,996			-			69,997
Issuance of common stock for conversion of convertible debt		5,699,408		1		64,063						64,064
Issuance of common stock for financing cost		535,967		1		-			-			1
Stock option expense						26,116						26,116
Net loss		-		-					(1,510,052	)		(1,510,052	)
Balance, March 31, 2022		69,496,399		67		53,135,766			(45,168,922	)		7,966,911
Issuance of common stock for cash		-		-		-			-			-
Issuance of common stock for exercise of stock options		196,875				42,328			-			42,328
Stock option expense						22,868						22,868
Net Loss		-		-					(1,202,805	)		(1,202,805	)
Balance, June 30, 2022		69,693,274		67		53,200,962			(46,371,727	)		6,829,302
Issuance of common stock for cash		9,375		3		2,013			-			2,016
Stock option expense		-		-		9,204			-			9,204
Net Loss		-		-					(1,505,907	)		(1,505,907	)
Balance, September 30, 2022		69,702,649		70		53,212,179			(47,877,634	)		5,334,615
Balance, December 31, 2020		31,981,374	$	32	$	29,750,864		$	(28,673,992	)	$	1,076,904
Issuance of common stock for cash		100,000		-		50,000			-			50,000
Issuance of common stock for exercise of stock options		35,000		-		15,400			-			15,400
Issuance of common stock for cashless exercise of stock options		960,550		1		(1	)		-			-
Issuance of common stock for settlement of litigation		225,000		-		1,103,750			-			1,103,750
Issuance of common stock for conversion of convertible debt		1,000,000		1		499,999			-			500,000
Issuance of common stock for settlement agreement		825,000		1		3,240,599			-			3,240,600
Issuance of common stock for financing cost		600		-		1,440			-			1,440
Beneficial conversion feature associated with convertible debt		-		-		30,000			-			30,000
Stock option expense		-		-		193,587			-			193,587
Net loss		-		-		-			(4,417,663	)		(4,417,663	)
Balance, March 31, 2021		35,127,524		35		34,885,638			(33,091,655	)		1,794,018
Issuance of common stock for exercise of stock options		260,000		-		71,700			-			71,700
Beneficial conversion feature associated with convertible debt		-		-		810,634			-			810,634
Value of warrants issued with convertible debt		-		-		488,133			-			488,133
Fair value of warrants issued for financing costs		-		-		457,417			-			457,417
Stock option expense		-				104,387						104,387
Net loss		-		-		-			(1,836,674	)		(1,836,674	)
Balance, June 30, 2021		35,387,524		35		36,817,909			(34,928,329	)		1,889,615
Issuance of common stock for exercise of stock options		26,875		-		5,778			-			5,778
Issuance of common stock for cashless exercise of stock options		312,500		1		(1	)					-
Issuance of common stock for settlement of litigation		31,250		-		42,018			-			42,018
Value of warrants issued with note payable		-				778,697						778,697
Fair value of warrants issued for financing costs		-		-		503,690			-			503,690
Stock option expense						58,253						58,253
Net loss		-		-					(4,777,328	)		(4,777,328	)
Balance, September 30, 2021		35,758,149		36		38,206,344			(39,705,657	)		(1,499,277	)

The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.

~~The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.~~4

4EVmo, Inc.

~~EVmo,~~Condensed ~~Inc.~~Consolidated Statements of Cash Flows

~~Condensed~~For ~~Consolidated~~Three ~~Statements~~Months ofEnded ~~Cash~~March ~~Flows~~31, 2023 and 2022 (unaudited)

For the Nine Months Ended September 30, 2022 and 2021 (unaudited)

	2023			2022

CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(3,139,712	)	$	(1,510,052	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		783,268			213,632
Stock option expense		19,594			26,116
Amortization of debt discounts		73,327			-
Common stock issued for financing costs		-			32
Preferred stock issued for financing costs		-			-
Common stock issued for settlement agreement		-			-
Common stock issued for litigation settlement		150,000			-
Gain on Forgiveness of Debt		-			-
Fair value of warrants issued for financing costs		-			-
Leased Vehicles		260,368			381,989
Changes in operating assets and liabilities:
Accounts receivable		74,641			(13,028	)
Vehicle Deposits		148,562			-
Prepaid expenses and other assets		(117,701	)		405,851
Accounts payable		572,962			(2,112,283	)
Accrued expenses		1,022,633			(319,221	)
Credit Cards		(18,430	)		-
Customer deposit - related party		-			-
Operating lease liability		-			(39,450	)
Net cash used in operating activities		(170,488	)		(2,966,414	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		-			-
Net cash used in investing activities		-			-


CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock		-			13,834,059
Proceeds from exercise of stock options		-			-
Proceeds from advance from related parties		-			-
Repayment of advance from related parties		-			-
Proceeds from convertible note payable		-			-
Proceeds from notes payable, net		1,000,000			-
Repayment of notes payable*		(93,750	)		-
Redemption of Preferred Stock		-			(2,303,750	)
Repayment of finance lease obligations*		(1,158,524	)		(330,969	)
Payment of deferred offering costs		-			862,855
Net cash provided by (used in) financing activities		(252,274	)		12,062,195
*Includes Interest Expense
NET INCREASE (DECREASE) IN CASH		(422,762	)		9,095,781

CASH, BEGINNING OF PERIOD		1,702,942			1,853,928

CASH, END OF PERIOD	$	1,280,180		$	10,949,709

CASH PAID FOR:
Interest	$	998,773		$	328,566
Income taxes	$	2,886		$	-

SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES
Payment of accounts payable/accrued expenses with common stock	$	-		$	1,103,750
Finance lease obligations	$	12,516,741		$	3,658,241

	2022			2021
	2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(4,218,772	)	$	(11,031,665	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		1,927,404			1,525,332
Stock option expense		58,188			356,227
Amortization of debt discounts		219,982			1,643,408
Common stock issued for financing costs		34			1,440
Preferred stock issued for financing costs		-			53,750
Common stock issued for settlement agreement		-			3,240,600
Common stock issued for litigation settlement		-			42,018
Gain on Forgiveness of Debt		-			(8,000	)
Fair value of warrants issued for financing costs		-			961,107
Operating lease expense		119,419			77,361
Changes in operating assets and liabilities:
Accounts receivable		(34,037	)		(516,497	)
Vehicle Deposits		(794,952	)		-
Prepaid expenses and other assets		253,998			(68,631	)
Accounts payable		(2,392,846	)		1,656,997
Accrued expenses		(763,608	)		830,954
Credit Cards		130,702			-
Customer deposit - related party		-			(150,000	)
Operating lease liability		(118,350	)		(68,595	)
Net cash used in operating activities		(5,612,838	)		(1,454,194	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		-			(47,051	)
Net cash used in investing activities		-			(47,051	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale of common stock		13,700,000			50,000
Proceeds from exercise of stock options		44,344			92,878
Proceeds from advance from related parties		600,000			503,766
Repayment of advance from related parties		-			(603,766	)
Proceeds from convertible note payable		-			2,500,000
Proceeds from notes payable, net		-			6,900,000
Repayment of notes payable		(62,500	)		(809,519	)
Redemption of Preferred Stock		(2,303,750	)		-
Repayment and down payment of lease vehicle purchase		(4,502,934	)		(3,629,792	)
Vehicle Loan Fees		(246,646	)		-
Payment of deferred offering costs		862,855			(35,000	)
Net cash provided by (used in) financing activities		8,091,369			4,968,567
NET INCREASE (DECREASE) IN CASH		2,478,531			3,467,322
CASH, BEGINNING OF PERIOD		1,853,928			72,890
CASH, END OF PERIOD	$	4,332,459		$	3,540,212
CASH PAID FOR:
Interest	$	1,449,120		$	157,809
Income taxes	$	-		$	-
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES
Payment of accounts payable/accrued expenses with common stock	$	-		$	1,103,750
Finance lease obligations	$	14,658,413		$	5,692,784

The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.

~~The accompanying footnotes are an integral part of these unaudited condensed consolidated financial statements.~~5

5EVmo, Inc.

~~EVmo,~~Notes ~~Inc.~~to Consolidated Financial Statements

~~Notes~~For toThree ~~Consolidated~~Months ~~Financial~~Ended ~~Statements~~March 31, 2023 and 2022 (unaudited)

~~For~~Note ~~the~~1 ~~Nine~~- ~~Months~~Organization ~~Ended September 30, 2022~~ and ~~2021~~Basis ~~(unaudited)~~of Presentation

~~Note 1 -~~ Organization and ~~Basis~~Line of ~~Presentation~~Business

~~Organization~~EVmo, Inc. (the “Company”) was incorporated on June 21, 2016 under the laws of the state of Delaware originally as a limited liability company and ~~Line~~subsequently converted to a Delaware C corporation. The Company was originally incorporated under the name of ~~Business~~YayYo, Inc. and changed its name to Rideshare Rental, Inc. on September 11, 2020. On March 1, 2021, the Company changed its name from Rideshare Rental, Inc. to EVmo, Inc. The accompanying financial statements are retroactively restated to present the Company as a C corporation from June 21, 2016. The Company primarily rents vehicles to drivers for ridesharing Transportation Network Companies (“TNCs”) such as Uber and Lyft, as well as drivers in the delivery gig-economy.

~~EVmo,~~Basis ~~Inc. (“EVmo” or the “Company”) was incorporated on June 21, 2016 under the laws~~ of the state of Delaware originally as a limited liability company and subsequently converted to a Delaware C corporation. The Company was originally incorporated under the name of YayYo, Inc. and changed its name to Rideshare Rental, Inc. on September 11, 2020. On March 1, 2021, the Company changed its name from Rideshare Rental, Inc. to EVmo.Presentation

~~EVmo~~The isaccounting aand ~~holding~~reporting ~~company~~policies ~~operating~~of ~~principally~~the ~~through~~Company ~~two~~conform ~~wholly-owned~~to ~~subsidiaries:~~accounting ~~(i)~~principles ~~RideShare~~generally ~~Car~~accepted ~~Rentals~~in ~~LLC,~~the aUnited ~~Delaware~~States ~~limited~~of ~~liability~~America ~~company~~ (“~~RideShare~~GAAP”), ~~and~~with ~~(ii)~~one ~~Distinct Cars, LLC, a Delaware limited liability company (“Distinct Cars”)~~exception. ~~RideShare offers~~The anlease ~~online~~balances ~~bookings~~are ~~platform~~remaining ~~(the~~principal ~~“Rideshare~~balances ~~Platform”)~~of ~~while~~each ~~Distinct~~leasing ~~Cars~~as ~~maintains a fleet~~ of ~~passenger~~December ~~vehicles~~31, ~~and~~2022. ~~transit~~The ~~vans~~disclosure ~~for~~above ~~use~~identifies in the ~~last-mile~~future ~~logistical~~interest ~~space~~payments ~~for rent~~ to ~~our~~represent ~~customers~~the ~~who~~full ~~are~~lease ~~drivers~~payment inobligations. ~~the~~The ~~ridesharing and delivery~~current ~~gig~~treatment ~~industries,~~is ~~while~~a ~~also~~material ~~providing~~deviation ~~them~~from ~~with~~GAAP ~~insurance coverage~~ and ~~issuing~~ASC ~~them~~842 ~~insurance~~but ~~cards~~consistent inwith ~~their~~prior ~~own~~year ~~names~~treatment. ~~This~~An ~~enables~~ASC ~~such drivers~~842 tostudy ~~meet~~is ~~the~~planned ~~vehicle suitability and other requirements of rideshare and delivery gig companies, also known as transportation~~for ~~network~~2023 ~~companies (“TNCs”),such as Uber, Lyft, DoorDash~~ and ~~Grubhub.~~the ~~Through~~Company ~~RideShare~~expects ~~and Distinct Cars, we seek~~ to ~~become a~~modify ~~leading~~and ~~provider~~adjust ~~of rental vehicles~~ to ~~drivers~~comply inwith ~~the~~ASC ~~ridesharing~~842 ~~and~~by ~~delivery~~fiscal ~~gig~~year ~~spaces,~~end ~~and~~2023. ~~an industry leader in supplying transit~~(The ~~vans~~Accounting ~~for~~Standards ~~last-mile~~Codification ~~logistics.~~ [“~~Gig~~ASC”], ~~generally~~maintained ~~refers to a labor market characterized~~ by the ~~prevalence~~Financial ofAccounting ~~short-term~~Standards ~~contracts~~Board [the or“FASB”], ~~freelance~~is ~~work~~the ascurrent ~~opposed~~single toofficial ~~permanent~~source ~~jobs~~of GAAP.)

~~Basis~~Risks ofand ~~Presentation~~Uncertainties

~~The~~In ~~accounting~~the ~~and~~ordinary ~~reporting~~course ~~policies~~ of ~~the~~our ~~Company~~business, ~~conform~~we toare ~~accounting~~impacted ~~principles~~by ~~generally~~increasing ~~accepted~~interest inrates. ~~the~~Future ~~United~~financing ~~States~~ of ~~America~~leased vehicles cost is accelerated ~~(“GAAP”).~~due ~~The~~the ~~Accounting~~rising ~~Standards~~interest ~~Codification~~rates ~~(“ASC”),~~along ~~maintained~~with bysome ~~the~~of ~~Financial~~our ~~Accounting~~vehicle ~~Standards~~leases ~~Board (~~adjust as the ~~“FASB”),~~prime isrates ~~the~~change. Additionally, our current ~~single~~note payable ~~official~~with ~~source~~Energy ofImpact ~~GAAP~~Partners monthly interest costs accelerate as prime rates are increases.

~~Impact~~Interim offinancial ~~COVID-19 on our Business~~statements

OnThe ~~January~~unaudited ~~30,~~condensed ~~2020,~~financial ~~the~~statements ~~World~~are ~~Health~~prepared ~~Organization~~by ~~declared~~ the ~~outbreak~~Company, ofpursuant to the ~~coronavirus~~rules ~~disease~~and ~~(COVID-19)~~regulations ~~a “Public Health Emergency~~ of ~~International~~the ~~Concern,”~~Securities and onExchange Commission ~~March 11, 2020, it characterized~~ (the ~~outbreak as a~~ “~~pandemic.~~SEC”). InThe ~~response,~~information ~~numerous states~~furnished ~~and~~herein ~~cities~~reflects ~~ordered their residents to cease traveling to non-essential jobs and to curtail~~ all ~~unnecessary travel~~adjustments, ~~and~~consisting ~~similar restrictions~~only ~~were~~of ~~recommended~~normal byrecurring ~~the federal government. Beginning in the first quarter of 2020~~adjustments, which ~~saw~~in the ~~initial~~opinion ~~rapid spread~~ of ~~COVID-19,~~ ~~rideshare~~management ~~companies~~are ~~were~~necessary ~~severely~~to ~~and~~fairly ~~negatively~~state ~~impacted, as demand plummeted. Consequently,~~ the Company’s ~~experienced~~financial aposition, ~~decline in revenue during~~ the ~~first~~results ~~half~~ of ~~2020~~its operations, and ~~which had a negative impact on our~~ cash flows, ~~but~~for wethe ~~then~~periods ~~saw~~presented. aCertain ~~positive~~information ~~upward~~and ~~movement~~footnote ~~in revenue~~disclosures ~~during~~normally ~~the~~present ~~second~~in ~~half~~annual offinancial ~~2020,~~statements prepared ~~which~~in ~~continued~~accordance ~~through fiscal 2021. This was consistent~~ with ~~the~~GAAP ~~experience~~were ofomitted ~~the~~pursuant ~~TNCs~~to ~~whose~~such results ~~drivers~~and ~~we service~~regulations. ~~According~~The toresults ~~Bloomberg~~of ~~Second~~operations ~~Measure,~~for ~~Uber~~the ~~and~~three ~~Lyft~~months ~~sales~~ended ~~were~~March ~~up 104% and 84% year-over-year~~31, ~~respectively,~~2023 ~~in February~~are ~~2022~~not ~~from~~necessarily ~~one~~indicative ~~year earlier, even in spite~~ of the ~~Delta~~results ~~and~~expected for ~~Omicron~~the ~~variants~~year ~~that~~ending ~~resulted~~December in31, ~~spikes of infections through periods of 2021~~2023.

~~Given~~Note ~~the~~2 ~~current~~– ~~prevalence~~Summary of ~~FDA-approved~~Significant ~~eligible~~Accounting vaccines across nearly all age groups, the marked overall decrease in the number of COVID-19 infections, hospitalizations and deaths in the first nine months of 2022, and the lifting of most pandemic restrictions in our active markets, we are optimistic that COVID-19 will not have a material impact on our operations in the current fiscal year. However, certain factors- including, for example, a new, more aggressive and deadly variant that is resistant to the vaccines- could reverse the positive trends of recent months and alter our prediction.Policies

~~Interim~~Principles ~~financial~~of ~~statements~~Consolidation

The ~~unaudited~~accompanying ~~condensed~~consolidated financial statements ~~are~~include ~~prepared by~~ the ~~Company,~~accounts ~~pursuant to the rules and regulations~~ of the ~~Securities~~Company and ~~Exchange Commission~~its ~~(the~~wholly-owned ~~“SEC”).~~operating ~~The information furnished herein reflects all adjustments~~subsidiaries, ~~consisting only of normal recurring adjustments,~~Distinct ~~which in the opinion of management are necessary to fairly state the Company’s financial position~~Cars, ~~the~~LLC ~~results~~and ofRideShare ~~its~~Car ~~operations~~Rentals, ~~and~~ ~~cash flows for the periods presented~~LLC. ~~Certain~~All ~~information~~significant ~~and~~intercompany ~~footnote~~transactions ~~disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America were omitted pursuant to such results~~ and ~~regulations.~~balances ~~The~~have ~~results~~been ~~of operations for the six months ended June 30, 2022 are not necessarily indicative of the results expected for the fiscal year ending December 31, 2022~~eliminated.

~~Note 2 – Summary of Significant Accounting Policies~~6

~~Principles~~EVmo, ~~of Consolidation~~Inc.

~~The~~Notes ~~accompanying~~to ~~consolidated~~Consolidated ~~financial~~Financial statements include the accounts of the Company and its wholly-owned operating subsidiaries, Distinct Cars and RideShare, and two other subsidiaries, EV Vehicles, LLC, a Delaware limited liability company, and Premier Mobility Insurance, Inc,, an Oklahoma limited liability company (“Premier Mobility”), that are not yet operational. All significant intercompany transactions and balances have been eliminated.Statements

6For Three Months Ended March 31, 2023 and 2022 (unaudited)

~~EVmo,~~Use ~~Inc.~~of Estimates

~~Notes~~The preparation of financial statements in conformity with GAAP requires management to ~~Consolidated~~make ~~Financial~~estimates and ~~Statements~~assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.

~~For~~Cash ~~the Nine Months Ended September 30, 2022 and 2021 (unaudited)~~Equivalents

~~Use~~For the purpose of ~~Estimates~~the statement of cash flows, cash equivalents include time deposits, certificate of deposits, and all highly liquid debt instruments with original maturities of three months or less.

~~The~~Property ~~preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates~~ and ~~assumptions.~~Equipment ~~These estimates~~ and ~~assumptions~~Rental affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.Vehicles

~~Cash~~Property ~~Equivalents~~and Equipment and Rental Vehicles are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment and rental vehicles is provided using the straight-line method for substantially all assets with estimated lives as follows:

~~For~~ Schedule ~~the purpose~~ of ~~the~~Estimated ~~statement~~Lives of ~~cash flows, cash equivalents include time deposits, certificate of deposits, and all highly liquid debt instruments with original maturities of three months or less.~~Equipment

Property and Equipment and Rental Vehicles

	Computer equipment	5 years
	Officer furniture	7 years
	Leasehold improvements	15 years or term of lease whichever is less
	Vehicles	5 years

Property and Equipment and Rental Vehicles are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment and rental vehicles is provided using the straightLong-~~line method for substantially all assets with estimated lives as follows:~~Lived Assets

~~Schedule~~The ofCompany ~~Estimated~~applies ~~Lives~~the provisions of ASC Topic 360, Property, Plant, and Equipment, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. ASC 360 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair values are reduced for the cost of disposal. Based on its review at March 31, 2023 the Company determined that no impairment charge was necessary.

Computer equipment	5 years
Officer furniture	7 years
Leasehold improvements	15 years or term of lease whichever is less
Vehicles	5 years

Revenue Recognition

~~Long-Lived~~The ~~Assets~~Company recognizes all of its material revenue from renting its fleet of cars to TNC drivers. Revenue is recognized generally on a weekly basis based on the rental agreements. The Company recognizes revenue in accordance with FASB ASC 606, Revenue From Contracts with Customers.

~~The~~Income Company applies the provisions of ASC Topic 360, Property, Plant, and Equipment, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. ASC 360 requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair value of the long-lived assets. Loss on long-lived assets to be disposed of is determined in a similar manner, except that fair values are reduced for the cost of disposal. Based on its review at June 30, 2022 the Company determined that no impairment charge was necessary.Taxes

~~Revenue~~The ~~Recognition~~Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes. ASC 740 requires a company to use the asset and liability method of accounting for income taxes, whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of, the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

The Company recognizes all of its material revenue from renting its fleet of cars to TNC drivers. Revenue is recognized generally on a weekly basis based on the rental agreements. The Company recognizes revenue in accordance with ASC Topic 606, Revenue From Contracts with Customers.7

~~Income~~EVmo, ~~Taxes~~Inc.

~~The~~Notes ~~Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes (“ASC 740”). ASC 740 requires a company~~ to ~~use~~Consolidated ~~the~~Financial asset and liability method of accounting for income taxes, whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of, the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.Statements

7For Three Months Ended March 31, 2023 and 2022 (unaudited)

~~EVmo~~Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained ~~Inc~~in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The adoption had no effect on the Company’s consolidated financial statements.

~~Notes~~Stock-Based ~~to Consolidated Financial Statements~~Compensation

~~For~~The Company records stock-based compensation in accordance with FASB ASC Topic 718, Compensation – Stock Compensation. FASB ASC Topic 718 requires companies to measure compensation cost for stock-based employee compensation at fair value at the ~~Nine~~grant ~~Months~~date ~~Ended~~and recognize ~~September~~the 30expense over the employee’s requisite service period. The Company recognizes in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued to employees and non-employees. There were 19,048,672 ~~2022~~warrants and 507,500 options outstanding as of March 31, 2023 and ~~2021~~4,582,842 ~~(unaudited)~~warrants and 694,625 options outstanding as of March 31, 2022.

~~Under~~Basic ~~ASC~~and ~~740,~~Diluted aEarnings ~~tax~~Per position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The adoption had no effect on the Company’s consolidated financial statements.Share

~~Stock~~Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share. Basic earnings per share (“EPS”) is based on the weighted average number of common shares outstanding. Diluted EPS is based on the assumption that all dilutive securities are converted. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase shares of the Company’s common stock at the average market price during the period. Due to the net loss incurred potentially dilutive instruments would be anti-~~Based~~dilutive. Accordingly, diluted loss per share is the same as basic loss for all periods presented. There were ~~Compensation~~19,556,172 and 5,287,467 potentially dilutive options and warrants outstanding at March 31, 2023 and 2022, respectively.

~~The~~Advertising Company records stock-based compensation in accordance with ASC Topic 718, Compensation – Stock Compensation (“ASC 718”). ASC 718 requires companies to measure compensation cost for stock-based employee compensation at fair value at the grant date and recognize the expense over the employee’s requisite service period. The Company recognizes in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued to employees and non-employees. There were 8,847,842 warrants and 455,750 options outstanding as of September 30, 2022 and 2,737,500 warrants and 758,125 options outstanding as of September 30, 2021.Costs

~~Basic~~The Company expenses the cost of advertising as incurred. Advertising costs for the three months ended March 31, 2023 and ~~Diluted~~2022 ~~Earnings~~were ~~Per~~$94,123 and ~~Share~~$64,336, respectively.

~~Earnings~~Fair ~~per~~Value share is calculated in accordance with ASC Topic 260, Earnings Per Share. Basic earnings per share (“EPS”) is based on the weighted average number of common shares outstanding. Diluted EPS is based on the assumption that all dilutive securities are converted. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase shares of the Company’s common stock, par value $0.000001 (the “Common Stock”), at the average market price during the period. Due to the net loss incurred potentially dilutive instruments would be anti-dilutive. Accordingly, diluted loss per share is the same as basic loss for all periods presented. There were 9,303,592 and 3,495,625 potentially dilutive options and warrants outstanding at September 30, 2022 and 2021, respectively.Measurements

~~Advertising~~The ~~Costs~~Company applies the provisions of ASC 820-10, “Fair Value Measurements and Disclosures.” ASC 820-10 defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The three levels of valuation hierarchy are defined as follows:

~~The Company~~● ~~expenses~~Level 1 inputs to the ~~cost~~valuation ofmethodology ~~advertising~~are asquoted, ~~incurred~~unadjusted prices for identical assets or liabilities in active markets. ~~Advertising~~● ~~costs~~Level ~~for~~2 inputs to the ~~nine~~valuation ~~months~~methodology ~~ended~~include ~~September~~quoted 30prices for similar assets and liabilities in active markets, ~~2022~~as well as other than quoted prices for identical assets and ~~2021~~liabilities ~~were~~in ~~$244~~active markets,~~226~~ and ~~$257~~inputs that are observable for the asset or liability,~~129~~ either directly or indirectly, ~~respectively~~for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

~~Fair~~For ~~Value~~certain ~~Measurements~~financial instruments, the carrying amounts reported in the balance sheets for cash and current liabilities, including convertible notes payable, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.

The Company applies the provisions of ASC Topic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”). ASC 820-10 defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The three levels of valuation hierarchy are defined as follows:8

~~● Level 1 inputs to the valuation methodology are quoted~~EVmo, ~~unadjusted prices for identical assets or liabilities in active markets~~ Inc. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, as well as other than quoted prices for identical assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

~~For~~Notes ~~certain~~to ~~financial~~Consolidated ~~instruments,~~Financial the carrying amounts reported in the balance sheets for cash and current liabilities, including convertible notes payable, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.Statements

8For Three Months Ended March 31, 2023 and 2022 (unaudited)

~~EVmo~~At March 31, 2023 and 2022, the Company did not identify any liabilities that are required to be presented on the balance sheet at fair ~~Inc~~value.

~~Notes~~Recent toAccounting ~~Consolidated Financial Statements~~Pronouncements

~~For~~In December 2019, the ~~Nine~~FASB ~~Months~~issued ~~Ended~~Accounting ~~September~~Standards 30Update (“ASU”) 2019-12, ~~2022~~Simplifying ~~and~~the ~~2021~~Accounting for Income Taxes which amends ASC 740 Income Taxes (~~unaudited~~ASC 740). This update is intended to simplify accounting for income taxes by removing certain exceptions to the general principles in ASC 740 and amending existing guidance to improve consistent application of ASC 740. This update is effective for fiscal years beginning after December 15, 2021. The guidance in this update has various elements, some of which are applied on a prospective basis and others on a retrospective basis with earlier application permitted. The Company is currently evaluating the effect of this ASU on the Company’s consolidated financial statements and related disclosures.

AtIn ~~September~~August 302020, ~~2022~~the ~~and~~FASB ~~2021~~issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. ASU 2020-06 reduces the ~~Company~~number ~~did~~of ~~not~~accounting ~~identify~~models ~~any~~for ~~liabilities~~convertible debt instruments and convertible preferred stock. For convertible instruments with conversion features that are not required to be ~~presented~~accounted onfor as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital, the ~~balance~~embedded conversion ~~sheet~~features atno ~~fair~~longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered ~~value~~in the derivatives scope exception evaluation under Subtopic 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity, and clarify the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related to the disclosures and earnings-per-share (EPS) for convertible instruments and contract in an entity’s own equity. ASU 2020-06 is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, which includes the Company, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The FASB specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. The Company is currently evaluating the impact this ASU will have on its consolidated financial statements.

~~Recent~~Management ~~Accounting~~does ~~Pronouncements~~not believe that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

InNote ~~December~~3 ~~2019,~~– ~~the~~Property FASB issued Accounting Standards Update (“ASU”) 2019-12, Simplifying the Accounting for Income Taxes which amends ASC 740. This update is intended to simplify accounting for income taxes by removing certain exceptions to the general principles in ASC 740 and amending existing guidance to improve consistent application of ASC 740. This update is effective for fiscal years beginning after December 15, 2021. The guidance in this update has various elements, some of which are applied on a prospective basis and others on a retrospective basis with earlier application permitted. Through the first half of fiscal 2022, the Company has made no material changes to its financial reporting as a result of this ASU.Equipment

InAt ~~August~~March ~~2020~~31, ~~the~~2023 ~~FASB issued ASU 2020-06, Debt—Debt with Conversion~~ and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (“ASU 2020-06”). ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock. For convertible instruments with conversion features that are not required to be accounted for as derivatives under ASC Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital, the embedded conversion features no longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered in the derivatives scope exception evaluation under Subtopic 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity, and clarify the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related to the disclosures and earnings-per-share (EPS) for convertible instruments and contract in an entity’s own equity. ASU 2020-06 is effective for public business entities that meet the definition of a SEC filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, which includes the Company, for fiscal years beginning after December 1531, ~~2021, including~~2022 ~~interim~~equipment ~~periods~~consisted within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The FASB specified that an entity should adopt the guidance as of the ~~beginning of its annual fiscal year. The Company is currently evaluating the impact this ASU will have on its consolidated financial statements.~~following:

~~Management~~ Schedule ~~does~~of ~~not~~Property ~~believe~~and that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.Equipment

Note 3 – Property and Equipment

	March 31,			December 31,
	2023			2022

Computer equipment	$	138,046		$	138,046
Office furniture		17,401			17,401
Leasehold improvement		29,650			29,650
Equipment, gross		185,097			185,097
Less accumulated depreciation		(26,787	)		(19,316	)
Equipment, net	$	158,310		$	165,781

AtDepreciation ~~September~~expense ~~30,~~for ~~2022~~equipment ~~and~~for ~~December~~the three months ended March 31, ~~2021~~2023 ~~equipment~~and ~~consisted~~2022 ofwas ~~the~~$7,470 ~~following:~~and $870 respectively.

~~Schedule of Property and Equipment~~9

	September 30,			December 31,
	2022			2021
Computer equipment	$	6,046		$	6,046
Office furniture		17,401			17,401
Leasehold improvement		29,650			29,650
Property and equipment		53,097			53,097
Less accumulated depreciation		(10,106	)		(7,496	)
Equipment, net	$	42,991		$	45,601

EVmo, Inc.

~~Depreciation~~Notes ~~expense~~to ~~for~~Consolidated ~~equipment~~Financial ~~for the nine months ended September 30, 2022 and 2021 was $2,610 and $2,488 respectively.~~Statements

9For Three Months Ended March 31, 2023 and 2022 (unaudited)

~~EVmo,~~Note ~~Inc.~~4 – Rental Vehicles

~~Notes~~At toMarch ~~Consolidated~~31, ~~Financial~~2023 ~~Statements~~and December 31, 2022 all of the Company’s rental vehicles consisted of the following:

~~For~~ Schedule ~~the~~of ~~Nine~~Rental ~~Months Ended September 30, 2022 and 2021 (unaudited)~~Vehicles

Note 4 – Rental Vehicles

	March 31,			December 31,
	2023			2022

Rental vehicles	$	27,795,646		$	27,702,758
Rental vehicles, gross		27,795,646			27,702,758
Less accumulated depreciation		(7,755,294	)		(7,001,331	)
Rental vehicles, net	$	20,040,352		$	20,701,427

AtThe ~~September~~Company’s 30rental vehicles are depreciated over their estimated useful life of five years. Depreciation expense for leased assets for the three months ended March 31, ~~2022~~2023 and ~~December~~2022 31was $1,064,331 ~~2021~~and ~~all~~$519,533, respectively. A majority of the rental vehicles are leased with terms are generally for 12 to 36 months and the Company’s ~~rental~~has the right to purchase the vehicles ~~consisted~~at the end of the ~~following:~~lease terms.

~~Schedule~~Note 5 of– ~~Rental~~Notes ~~Vehicles~~Payable

	September 30,			December 31,
	2022			2021
Rental vehicles	$	28,229,346		$	13,514,619
Rental vehicles, gross		28,229,346			13,514,619
Less accumulated depreciation		(5,978,761	)		(4,627,300	)
Rental vehicles, net	$	22,250,585		$	8,887,319

Notes payable at March 31, 2023 and December 31, 2022 consisted of the following:

~~The~~ Schedule ~~Company’s rental vehicles are depreciated over their estimated useful life~~ of ~~five~~Notes years. Depreciation expense for leased assets for the nine months ended September 30, 2022 and 2021 was $1,881,134 and $1,522,844, respectively. A majority of the rental vehicles are leased with terms are generally for 36 to 60 months and the Company has the right to purchase the vehicles at the end of the lease terms.Payable

Note 5 – Notes Payable

	March 31,			December 31,
	2023			2022

Note Payable – Terren Peizer. 0% Interest, secured by common stock purchase warrant		1,600,000			600,000
Notes payable to a finance company, interest at LIBOR plus 10% per annum; monthly principal payments of 0.4166% of principal balance beginning August 1, 2022, with unpaid principal due on July 9, 2026 (A)		7,250,000			7,343,750
Total notes payable		8,850,000			7,943,750
Unamortized debt discount		(879,929	)		(953,256	)
Notes payable, net discount		7,970,071			6,990,494
Less current portion		(625,000	)		(531,250	)
Long-term portion	$	7,345,071		$	6,459,244

~~Notes payable~~(A) On July 9, 2021 (the “Closing Date”), the Company entered into a Term Loan, Guarantee and Security Agreement (the “Term Loan Agreement”) with EICF Agent LLC (“EICF”), as agent for the lenders, and Energy Impact Credit Fund I, LP, as lender (the “Lender”), providing for a secured term loan facility in an aggregate principal amount of up to $15.0 million, consisting of a $7.5 million closing date term loan facility (the “Closing Date Term Loan”) and up to $7.5 million of borrowings under a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”). The Closing Date Term Loan was fully drawn on the Closing Date, while the Delayed Draw Term Loan Facility is available upon the satisfaction of certain conditions precedent specified in the Term Loan Agreement. The Term Loan Agreement matures on July 9, 2026. Borrowings under the Term Loan Agreement bear interest at ~~September~~the 30London Interbank Offered Rate, ~~2022~~plus a margin of 10.0%. As a condition precedent to the Agent and ~~December~~the 31Lender entering into the Term Loan Agreement, the Company issued to the Lender a common stock purchase warrant, dated as of the Closing Date (the “Warrant”), which grants the Lender the right to purchase up to 1.5 million shares of the common stock of the Company, at an exercise price of $2.10, subject to adjustment as set forth in the Warrant. The Warrant is subject to vesting, with 450,000 shares of common stock exercisable as of the Closing Date and the remainder exercisable only in the event that the Company borrows under the Delayed Draw Term Loan Facility or fails to consummate a qualifying equity transaction on or before October 7, 2021. ~~consisted~~The Warrant has no expiration date. In addition, in October 2021, the Company was required to issue to Lender a warrant for 900,000 shares of common stock at an exercise price of $0.93 per share as a penalty since the ~~following:~~Company was unable to raise equity capital within 90 days of the date of this agreement.

~~Schedule of Notes Payable~~ 10

	September 30,			December 31,
	2022			2021
Advance from related parties, non-current (B)		600,000			-
Notes payable to a finance company, interest at the London Interbank Offered Rate (“LIBOR”) plus 10% per annum; monthly principal payments of 0.4166% of principal balance beginning August 1, 2022, with unpaid principal due on July 9, 2026 (A)		7,437,500			7,500,000
Total notes payable		8,037,500			7,500,000
Unamortized debt discount		(1,024,595	)		(1,246,566	)
Notes payable, net discount		7,012,905			6,253,434
Less current portion		(437,500	)		(156,225	)
Long-term portion	$	6,575,405		$	6,097,209

EVmo, Inc.

(A)

On July 9, 2021 (the “Closing Date”), the Company entered into a Term Loan, Guarantee and Security Agreement (the “Term Loan Agreement”) with EICF Agent LLC (“EICF”), as agent for the lenders, and Energy Impact Credit Fund I, LP, as lender (the “Lender”), providing for a secured term loan facility in an aggregate principal amount of up to $15.0 million (collectively, the “Term Loans”), consisting of a $7.5 million closing date term loan facility (the “Closing Date Term Loan”) and up to $7.5 million of borrowings under a delayed draw term loan facility (the “Delayed Draw Term Loan Facility”). The Closing Date Term Loan was fully drawn on the Closing Date, while the Delayed Draw Term Loan Facility is available upon the satisfaction of certain conditions precedent specified in the Term Loan Agreement. The Term Loan Agreement matures on July 9, 2026. Borrowings under the Term Loan Agreement bear interest at LIBOR, plus a margin of 10.0%. As a condition precedent to the Agent and the Lender entering into the Term Loan Agreement, the Company issued to the Lender a Common Stock purchase warrant, dated as of the Closing Date (the “Warrant”), which grants the Lender the right to purchase up to 1.5 million shares of Common Stock at an exercise price of $2.10, subject to adjustment as set forth in the Warrant. The Warrant is subject to vesting, with 450,000 shares of Common Stock exercisable as of the Closing Date and the remainder exercisable only in the event that the Company borrows under the Delayed Draw Term Loan Facility or fails to consummate a qualifying equity transaction on or before October 7, 2021. The Warrant has no expiration date. In addition, in October 2021, the Company was required to issue to Lender an additional warrant for 900,000 shares of common stock (the “Additional Warrant”) as a penalty since the Company was unable to raise equity capital within 90 days of the date of this agreement. Upon completion of the equity capital raise completed on January 6, 2022, anti-dilution adjustments were made to the issued warrants. The Warrant for 450,000 common shares at an exercise price of $2.10 was adjusted to one for 711,656 shares at an exercise price of $1.33 and the Additional Warrant for 900,000 common shares at an exercise price was adjusted to one for 1,174,311 shares at an exercise price of $0.71.

(B)

On September 30, 2022 (the “Issuance Date”), Terren S. Peizer, executive chairman of the board of directors of the Company, agreed to provide financing to the Company in the amount of $600,000, to be allocated as collateral for the Company’s newly-formed, wholly-owned subsidiary, Premier Mobility, a captive insurer that will provide insurance directly to the Company. As consideration for Mr. Peizer’s action, on the Issuance Date the Company issued to Mr. Peizer a subordinated promissory note (the “Peizer Note”) due September 30, 2023 (the “Maturity Date”) in the Principal Amount. The Peizer Note does not bear interest. On the Maturity Date, the Company shall pay the Principal Amount to Mr. Peizer and shall also issue to him a common stock purchase warrant, which will enable Mr. Peizer to purchase up to 3,640,000 shares of Common Stock at an exercise price of $0.33 (the “Peizer Warrant”). The Peizer Warrant shall be exercisable at any time between the Maturity Date through September 30, 2028.

Notes to Consolidated Financial Statements

10For Three Months Ended March 31, 2023 and 2022 (unaudited)

~~EVmo~~In connection with the issuance of this note payable, the Company also issued a warrant to purchase 450,000 shares of its Common Stock at ~~Inc~~an exercise price of $2.10 per shares. The aggregate relative fair value of these warrants was $778,697 and was recorded as a discount on the note payable and as additional paid in capital. In addition, the Company incurred $600,000 of cost related to this note payable. The total discount of $1,378,697 is being amortized over the term of the notes payable. In addition, after the public offering and conversion of most of the Series B preferred stock, the two warrants issued to Energy Impact Credit Fund I, LP in 2021 for 450,000 shares and 900,000 shares of common stock, respectively, were subject to adjustment according to their terms. The warrant for 450,000 shares has been adjusted to one for 711,656 shares at an exercise price of $1.33 and the warrant for 900,000 shares has been adjusted to one for 1,174,311 at an exercise price of $0.71 per share.

~~Notes~~On February 16, 2023, the Company received correspondence from EICF constituting a notice of events of default and reservation of rights (the “Notice of Default”) under the Term Loan Agreement. The Notice of Default purports that certain events of default under the Term Loan Agreement have occurred and are continuing, including a failure by the Company to: ~~Consolidated~~(i) ~~Financial~~timely ~~Statements~~deliver a required financial report, (ii) timely deliver a required liquidity certificate, (iii) maintain the maximum net leverage ratio required under a financial covenant, and (iv) maintain the minimum liquidity required under a financial covenant. EICF has informed the Company in the Notice of Default that EICF and the lenders are now entitled to exercise any and all default-related rights and remedies, that any delay in doing so should not be construed as a consent to or waiver of any of the purported events of default, and that any outstanding amounts under the Term Loan Agreement, including the principal of $7.5 million and any accrued but unpaid interest, may become due or payable. Further, EICF may realize the collateral pledged under the Term Loan Agreement, which consists of substantially all of the property and assets of the Company.

~~For~~On February 10, 2023, Mr. Peizer, agreed to provide short-term liquidity financing to the ~~Nine~~Company ~~Months~~in ~~Ended~~the amount of $1,000,000. As consideration for Mr. Peizer’s action, the Company issued to Acuitas Group Holdings, LLC, a California limited liability company and the personal investment vehicle of Mr. Peizer (“Acuitas”), a secured promissory note in the principal amount of $1,600,000 (the “Note”), which was then exchanged for an earlier promissory note in the principal amount of $600,000, issued by the Company to Mr. Peizer on September 30, 2022, which earlier note was then cancelled. The Note is convertible into shares of Common Stock, at the option of Mr. Peizer, at a conversion price of $0.1156 per share. In addition, the Company issued to Acuitas a Common Stock purchase warrant for 13,840,830 common shares, which is exercisable at a price of $0.1156 (the “Peizer Warrant”). The Note and ~~2021~~the Peizer Warrant were issued in reliance on the exemption from registration pursuant to Section 4(~~unaudited~~a)(2) of the Securities Act of 1933, as amended (the “Securities Act”).

InA ~~connection~~rollforward ~~with the Company’s entry into the Term Loan Agreement, the Company entered into an exchange agreement, dated as~~ of ~~July~~ ~~8, 2021 (the “Exchange Agreement”), with the holder (the “Holder”) of the Company’s 12.5% OID convertible promissory~~ notes ~~due~~payable ~~January~~from ~~12,~~December ~~2022 issued on April 12~~31, 2021 (the “Prior Notes”). This Exchange Agreement resulted in the issuance of preferred stock that was later either converted to Common Stock or redeemed after completion of the equity capital raise in January 2022. ~~On January 22, 2022, 110,325 shares of the Company’s Series B convertible preferred stock, par value $0.000001 per share (the “Series B Preferred Stock”) was converted~~ to ~~3,152,143 shares of Common Stock at $0.35 per share. On~~ March 2231, ~~2022,~~2023 ~~110,525 shares~~is of Series B Preferred Stock were converted to 3,157,857 shares of Common Stock at $0.35 per share. The remaining outstanding Series B Preferred Stock, or 9,525 shares, was redeemed and a final warrant was issued to the Holder for 128,125 common shares at an exercise price of $0.50 per share.below:

A Schedule ~~rollforward~~ of ~~the~~Notes ~~EIP~~Payable ~~note~~including ~~payable~~Debt ~~from December 31, 2021 to September 30, 2022 is below:~~Discount

Schedule of Outstanding Notes Payable

Notes payable, December 31, 2022	$	6,990,494
Adjusted Note Payable – Terren Peizer		1,000,000
Repayments		(93,750	)
Amortization of debt discounts		73,327
Notes payable, March 31, 2023		7,970,071

Notes payable, December 31, 2021	$	7,500,000
Issued for cash		-
Lease obligation converted to note payable		-
Forgiveness of note payable		-
Repayments		62,500
Amortization of debt discounts		-
Notes payable, September 30, 2022		7,437,500

Future payments under note payable obligations are as follows:

~~Future~~ Schedule ~~payments~~of ~~under~~Future ~~EIP~~Payments ~~note~~Under ~~payable~~Note ~~obligations~~Payable ~~are as follows:~~Obligations

Schedule of Future Payments Under Note Payable Obligations

Years ending December 31,
2023	$	437,500
2024		750,000
2025		750,000
2026		5,312,500
2027		1,600,000
Thereafter		0
Notes Payable	$	8,850,000

Years ending December 31,
2022	$	93,750
2023		374,940
2024		374,940
2025		374,940
2026		6,218,930
Thereafter
Notes payable	$	7,437,500

Note 6 – Convertible Notes

~~Note~~There 6are –no ~~Convertible~~convertible ~~Notes~~notes as of March 31, 2023.

On April 12, 2021, the Company, entered into a securities purchase agreement with a certain investor in connection with the issuance, as of that same date, of a 12.5% original issue discount convertible promissory note and a Common Stock purchase warrant. The note has an original principal amount of $2,250,000, with an original issue discount of $250,000. It bears interest at a fixed rate of 10%, is convertible into shares of Common Stock at a price of $3.00 per share (subject to adjustment as set forth in the note), and matured on January 12, 2022. The warrant grants the right to purchase 187,500 shares of common stock at an exercise price of $3.00, subject to adjustment as set forth therein, and is exercisable at any time within five years of the date of issuance. The agreement provides that additional warrants, each for 93,750 shares of common stock with an exercise price of $3.00 per share, will be issued by the Company to the investor on the 12th day of each month that the note remains outstanding. Both the note and the warrant include anti-dilution provisions in which the conversion price of the note and the exercise price of the warrant will be reduced to equal the conversion or exercise price, as applicable, of any subsequently-issued derivative security to acquire shares of common stock, or their equivalent, should that conversion or exercise price be lower than that of the note or the warrant. To account for the note and warrant, the Company first determined the value of the note and the fair value of the detachable warrants issued in connection with this convertible note. The estimated value of the warrants of $623,373 was determined using the Black-Scholes option pricing model and the following assumptions: term of five years, a risk free interest rate of .089%, a dividend yield of 0% and volatility of 190%. The face amount of the convertible note of $2,250,000 was proportionately allocated to the convertible note and the warrant in the amount of $1,761,866 and $488,134, respectively. Since the Company’s stock price exceeded the conversion price on the transaction date, there is an embedded beneficial conversion feature present in the convertible note of $810,633. The combined discount of $1,298,767 plus the original issue discount are recorded as a debt discount to the convertible note and are being amortized over the year life of the note. In July 2021, the Company and noteholder agreed to convert the convertible note into 230,375 shares of the Company’s Series B Preferred Stock.11

~~As described in Note 5- “Notes Payable~~EVmo,~~” in connection with the Company’s entry into the Term Loan Agreement, the Company~~ ~~also entered into the Exchange Agreement~~Inc. This Exchange Agreement resulted in the issuance of preferred stock that was later either converted to Common Stock or redeemed after completion of the equity capital raise in January 2022. On January 22, 2022, 110,325 shares of Series B Preferred Stock was converted to 3,152,143 of common stock at $0.35 per share. On March 22, 2022, 110,525 shares of Series B Preferred Stock was converted to 3,157,857 of common stock at $0.35 per share. The remaining outstanding Series B Preferred Stock, 9,525 shares, was redeemed and a final warrant was issued to the Holder for 128,125 common shares at an exercise price of $0.50 per share.

11Notes to Consolidated Financial Statements

~~EVmo,~~For ~~Inc.~~Three Months Ended March 31, 2023 and 2022 (unaudited)

~~Notes~~Note to7 ~~Consolidated~~– ~~Financial~~Financing ~~Statements~~Lease Obligations

~~For~~Lease ~~the~~obligations ~~Nine~~at ~~Months~~March ~~Ended~~31, ~~September~~2023 30and December 31, 2022 ~~and~~consisted ~~2021~~of ~~(unaudited)~~the following:

~~Leased~~ Schedule ~~vehicle obligations at September 30, 2022 and December 31, 2021 consisted~~ of ~~the~~Lease ~~following:~~Obligations

Schedule of Leased Vehicle Obligations

	March 31,			December 31,
	2023			2022

Lease obligations	$	12,516,741		$	13,675,268
Less current portion		(4,909,003	)		(4,829,349	)
Long-term portion	$	7,607,738		$	8,845,919

	September 30,			December 31,
	2022			2021
Leased vehicle obligations	$	14,658,413		$	3,989,210
Less current portion		(4,839,040	)		(1,810,374	)
Long-term portion	$	9,819,373		$	2,178,836

A rollforward of lease obligations from December 31, 2022 to March 31, 2023 is below:

A Schedule ~~rollforward~~ of ~~vehicle~~Outstanding ~~lease~~Lease ~~obligations from December 31, 2021 to September 30, 2022 is below:~~Obligations

Schedule of Vehicle Lease Obligations

Lease obligations, December 31, 2022	$	13,675,268
New lease obligations		0
Disposal of leased vehicles		(0	)
Lease obligation converted to note payable		-
Payments on lease obligations		(1,158,527	)
Lease obligations, March 31, 2023	$	12,516,741

Lease vehicle obligations, December 31, 2021	$	3,989,210
New lease vehicle obligations		7,966,487
Disposal of leased vehicles		(1,526,515	)
Lease obligation converted to note payable		-
Payments on lease obligations		(1,897,711	)
Lease obligations, June 30, 2022	$	8,531,471
New lease vehicle obligations		8,953,442
Disposal of leased vehicles		(-	)
Lease obligation converted to note payable		-
Payments on lease obligations		(2,826,500	)
Lease obligations, September 30, 2022	$	14,658,413

Future payments under lease obligations are as follows:

~~Future~~ Schedule ~~payments~~of ~~under~~Furture ~~lease~~Lease ~~obligations are as follows:~~Obligations

Schedule of Future Lease Obligations

Years Ending December 31,
2023	$	5,649,828
2024		6,253,335
2025		2,845,382
2026		636,269
2027		0
Total payments		15,384,813
Amount representing interest		(2,868,072	)
Lease obligation, net	$	12,516,741

Years Ending December 31,
2022	$	2,705,192
2023		6,347,491
2024		6,979,478
2025		2,747,076
2026		548,652
Total payments		19,327,889
Amount representing interest		(4,669,476	)
Lease obligation, net	$	14,658,413

The lease balances are remaining principal balances of each leasing as of March 31, 2023. The disclosure above identifies the future interest payments to represent the full lease payment obligations. The current treatment is a material deviation from GAAP and ASC 842 but consistent with prior year treatment. An ASC 842 study is planned for 2023 and the Company expects to modify and adjust to comply with ASC 842 by fiscal year end 2023.

EVmo, Inc.

Notes to Consolidated Financial Statements

For ~~the~~Three ~~Nine~~ Months Ended ~~September~~March 3031, ~~2022~~2023 and ~~2021~~2022 (unaudited)

Note 78 – Operating Lease Obligations

The Company determines whether a contract is or contains a lease at inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, the Company’s leases do not provide a readily determinable implicit rate. Therefore, the Company discounts lease payments based on an estimate of its incremental borrowing rate.

The Company leases its corporate office space under an operating lease that expires in 2023. The Company accounts for this lease under the provisions of ASC ~~Topic~~842 Leases. As of December 31, 2022, EVmo has closed out the lease for the facility located at 195 S. Robertson Blvd, Beverly Hills, CA 90211 and relocated to 2301 N. Sepulveda Blvd, Manhattan Beach, CA 90266. The current lease of the facility expires within 12 months and is not subject to ASC 842 due to the short-term ~~Leases~~nature of the lease. As of March 31, 2023, there are not right of use facility lease assets or obligations under ASC 842 rules.

~~The~~Remaining ~~table~~Lease ~~below~~obligations ~~presents~~at ~~the~~March ~~lease~~31, ~~related~~2023 ~~assets~~consisted ~~and~~of ~~liabilities recorded on~~ the ~~Company’s consolidated balance sheets as of September 30, 2022~~following:

Schedule of ~~Operating~~ Lease ~~Obligations~~ Obligation Maturity

	Classification on Balance Sheet		September 30, 2022
Years Ending December 31,
Assets
2023	$	144,000
Operating lease assets	Operating lease right of use assets		$	30,340
2024		-
Total lease assets			$	30,340
Total payments		144,000
Liabilities
Less: imputed interest		(0	)
Current liabilities
Total obligation		144,000
Operating lease liability	Current operating lease liability		$	38,532
Less: current portion		(144,000	)
Noncurrent liabilities
Non-current capital leases obligations	$	0
Operating lease liability	Long-term operating lease liability			-
Total lease liability			$	38,532

~~Lease~~The ~~obligations~~lease atexpense ~~September~~for 30the three months ended March 31, ~~2022~~2023 ~~consisted~~was of$64,000. The cash paid under operating leases for the ~~following:~~three months ended March 31, 2023 was $64,000.

~~Schedule of Lease Obligation Maturity~~ 13

Years Ending December 31,
2022	$	25,382
2023		13,150
Total payments		38,532
Total obligation
Less: current portion		(38,532	)
Non-current capital leases obligations	$	-

EVmo, Inc.

13Notes to Consolidated Financial Statements

~~EVmo,~~For ~~Inc.~~Three Months Ended March 31, 2023 and 2022 (unaudited)

~~Notes~~Note to9 ~~Consolidated~~– ~~Financial~~Stockholders’ ~~Statements~~Equity

~~For~~The ~~the~~Company ~~Nine~~has ~~Months~~authorized ~~Ended~~100,000,000 ~~September~~shares 30of capital stock, ~~2022~~which consists of 90,000,000 shares of common stock, $0.000001 par value per share, and ~~2021~~10,000,000 ~~(unaudited)~~shares of preferred stock, $0.000001 par value per share.

~~Note~~Series 8B –Preferred ~~Stockholders’ Equity~~Stock

~~The~~There ~~Company~~is ~~has~~no ~~authorized~~outstanding ~~100,000,000~~Series ~~shares~~B ofpreferred ~~capital~~ stock, ~~which~~as ~~consists~~ of ~~90,000,000~~March ~~shares of Common Stock~~31, $02023.~~000001 par value per share, and 10,000,000 shares of preferred stock, $0.000001 par value per share.~~

~~Series~~Common ~~B Preferred~~ Stock

~~Pursuant~~During to the ~~Exchange~~three ~~Agreement~~months ~~(see~~ended ~~Note~~March 5-31, ~~“Notes Payable”)~~2023, the ~~Holder~~Company ~~agreed~~issued ~~to exchange the Prior Notes for 230~~1,~~375 shares of Series B Preferred Stock~~500, ~~and a warrant (the “Exchange Warrant”). The Exchange Warrant granted the Holder the right to~~000 ~~purchase 93,750~~ shares of ~~Common~~two-year ~~Stock~~restricted atcommon anstock ~~exercise~~for settlement ~~price~~ of ~~$3.00,~~a ~~subject~~legal todispute ~~adjustment~~with asBellridge ~~set~~Capital, ~~forth therein~~LP. ~~The~~For Exchange Warrant is exercisable in full at any time within five years of the date of issuance. Additional warrants on substantially identical terms as the Exchange Warrant were issued by the Company to the Holder monthly until all of the outstanding Series B Preferred Stock was either converted or redeemed in fulldetails, ~~upon~~please ~~which~~see aNote ~~final~~12- ~~warrant was issued~~“Settlements.”

~~Pursuant to its Certificate of Designation and the Exchange Agreement, as applicable, the Series B Preferred Stock had the following features:~~14

~~● The Series B Preferred Stock was convertible at any time at the option of the holder thereof into shares of Common Stock at an initial conversion price of $3.00 per share~~EVmo, ~~subject to adjustment as set forth in the Certificate of Designation; ● The Series B Preferred Stock was subject to mandatory redemption in full at a redemption price initially equal to $10~~ Inc.00 per share, within 15 business days after the date on which the Company completed an equity financing resulting in total proceeds of at least $10 million. At any time after January 12, 2022, provided that the Company had paid in full all obligations outstanding under the Term Loan Agreement, the holders of a majority of the outstanding shares of Series B Preferred Stock were entitled to require the Company to redeem the Series B Preferred Stock at the then applicable redemption price, and any such redemption of Series B Preferred Stock would be prior and superior to the redemption of any and all other equity securities of the Company duly tendered for redemption; and ● If, at any time while the Series B Preferred Stock is outstanding, the Company completed any single public offering or private placement of its equity, equity-linked or debt securities (each, a “Future Transaction”), the Holder could, in its sole discretion, elect to apply all, or any portion, of the then outstanding Preferred Stock and any accrued but unpaid dividends, as purchase consideration for such Future Transaction. The conversion price applicable to such conversion would equal seventy percent (70%) of the cash purchase price paid per share, unit or other security denomination for the securities of the Company issued to other investors in the Future Transaction.

OnNotes ~~January 22, 2022, 110,325 of Series B Preferred Stock was converted~~ to ~~3,152,143~~Consolidated ofFinancial Common Stock at $0.35 per share. On March 22, 2022, 110,525 of Series B Preferred Stock was converted to 3,157,857 of Common Stock at $0.35 per share. The remaining outstanding Series B Preferred Stock, 9,525 shares, was redeemed and a final warrant was issued to the Holder for 128,125 common shares at an exercise price of $0.50 per share.Statements

~~Common~~For ~~Stock~~Three Months Ended March 31, 2023 and 2022 (unaudited)

~~During~~Stock ~~the nine months ended June 30, 2022, the Company:~~Options

●The following ~~issued~~is ~~27,400,000~~a ~~shares~~summary of ~~Common Stock through an equity capital raise at $0.50 per share; ● issued 3,152,143 shares of Common Stock at $0.35 per share to redeem 110,325 shares of Series B preferred~~ stock; ●option issued 3,157,857 shares of Common Stock at $0.35 per share to redeem 110,525 shares of Series B preferred stock; and issued 196,875 of shares of Common Stock from exercises of stock options granted to employees.activity:

14 Summary of Stock Option Activity

EVmo, Inc.

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Options			Exercise		Contractual		Intrinsic
	Outstanding			Price		Life		Value
Outstanding, December 31, 2021		766,750		$	0.53		3.76	$	98,937
Granted		218,000			0.28		4.27		0
Forfeited		(104,750	)
Exercised		(206,250	)		0.215
Outstanding, December 31, 2022		507,500		$	0.45		3.19		161,575
Exercisable, December 31, 2022		673,750		$	0.45		3.19	$	161,575
Granted		0
Forfeited		(166,250	)
Excercised		0
Outstanding, March 31, 2023		507,500		$	0.53		4.74	$	(41,131	)

~~Notes~~The toexercise ~~Consolidated~~price ~~Financial~~for ~~Statements~~options outstanding and exercisable at March 31, 2023:

~~For~~ Schedule ~~the~~of ~~Nine~~Options ~~Months~~Outstanding ~~Ended~~by ~~September~~Exercise ~~30,~~Price ~~2022 and 2021 (unaudited)~~Range

Stock Options

Options	Price		Options		Price
Outstanding			Exercisable
Number of	Exercise		Number of		Exercise
Options	Price		Options		Price
20,000	$	0.21		20,000	$	0.21
102,500		0.215		102,500		0.215
15,000		0.12		15,000		0.12
230,000		0.53		230,000		0.53
20,000		0.94		20,000		0.94
20,000		2.12		20,000		2.12
20,000		3.80		20,000		3.8
20,000		0.39		20,000		0.39
20,000		0.55		20,000		0.55
20,000		0.30		20,000		0.30
20,000		0.36		20,000		0.36
507,500				507,500

~~The following~~No isoptions awere ~~summary~~granted ofduring ~~stock~~the ~~option~~three ~~activity:~~months ended March 31, 2023.

~~Summary~~The fair value of ~~Stock~~the ~~Option~~outstanding ~~Activity~~ stock options is being amortized to stock option expense over the vesting period. The Company recorded stock option expenses of $19,594 and $26,116 during the three months ended March 31, 2023 and 2022, respectively. At March 31, 2023, the unamortized stock option expense was $4,400.

	Options Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding, December 31, 2021		766,750		$	0.53		3.76	$	98,937
Granted		60,000			0.43		4.52		5,400
Forfeited		(104,750	)
Exercised		(206,250	)		0.215
Outstanding, September 30, 2022		515,750		$	0.46		4.10	$	97,822
Exercisable, September 30, 2022		494,500		$	0.46		3.86	$	97,822

~~The exercise price for options outstanding and exercisable at September 30~~EVmo, ~~2022:~~ Inc.

~~Schedule~~Notes to ofConsolidated ~~Options~~Financial ~~Outstanding by Exercise Price Range~~ Statements

Options		Price		Options		Price
Outstanding				Exercisable
Number of		Exercise		Number of		Exercise
Options		Price		Options		Price
	20,000	$	0.21		20,000	$	0.21
	205,750		0.215		205,750		0.215
	15,000		0.22		15,000		0.22
	155,000		0.53		133,750		0.53
	20,000		0.94		20,000		0.94
	20,000		2.12		20,000		2.12
	20,000		3.80		20,000		3.8
	20,000		0.39		20,000		0.39
	20,000		0.55		20,000		0.55
	20,000		0.36		20,000		0.36
	515,750				494,500

For Three Months Ended March 31, 2023 and 202 (unaudited)

For options granted during the nine months ended September 30, 2022 where the exercise price equaled the stock price at the date of the grant, the weighted-average fair value of such options was $0.43 and the weighted-average exercise price of outstanding options was $0.46. No options were granted during the nine months ended September 30, 2022 where the exercise price was less than the stock price at the date of grant or the exercise price was greater than the stock price at the date of grant.Warrants

15The following is a summary of warrant activity:

~~EVmo,~~ Summary ~~Inc.~~of Warrant Activity

Notes to Consolidated Financial Statements

	Warrants Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding, December 31, 2022		8,847,842	$	1.44		4.21	$	-
Granted		13,840,830		.12		4.87
Forfeited		-
Exercised		-
Outstanding, March 31, 2023		19,048,672	$	.69		4.21	$	-
Exercisable, March 31, 2023		19,048,672	$	.69		4.23	$	-

~~For~~The ~~the~~exercise ~~Nine~~price ~~Months~~for ~~Ended~~warrants ~~September~~outstanding ~~30,~~at ~~2022~~March ~~and~~31, ~~2021 (unaudited)~~2023:

~~The~~ Schedule ~~fair value~~ of ~~the~~Warrants ~~stock~~Outstanding ~~options~~by isExercise ~~being~~Price amortized to stock option expense over the vesting period. The Company recorded stock option expense of $58,188, and $356,227 during the nine months ended September 30, 2022 and 2021, respectively. At September 30 2022, the unamortized stock option expense was $18,004.Range

Warrants

Outstanding and Exercisable
Number of Warrants	Exercise Price
1,500,000	$	4.00
65,625		5.00
65,625		5.00
187,500		3.00
93,750		3.00
93,750		3.00
711,656		1.33
93,750		3.00
93,750		3.00
93,750		3.00
1,174,311		0.71
93,750		3.00
93,750		3.00
93,750		3.00
128,125		0.50
625,000		0.40
13,840,830		0.12

19,048,672

~~The following is a summary of warrant activity:~~16

~~Summary of Warrant Activity~~ EVmo, Inc.

			Weighted		Weighted
			Average		Average		Aggregate
	Warrants		Exercise		Remaining		Intrinsic
	Outstanding		Price		Contractual Life		Value
Outstanding, December 31, 2021		4,454,717	$	2.53		3.17	$	-
Granted		4,393,125		0.34		4.80
Forfeited		-
Exercised		-
Outstanding September 30, 2022		8,847,842	$	1.44		4.21
Exercisable, September 30, 2022		8,847,842	$	1.44		4.21

Notes to Consolidated Financial Statements

~~The~~For ~~exercise~~Three ~~price~~Months ~~for~~Ended ~~warrants~~March ~~outstanding~~31, at2023 ~~September~~and ~~30,~~ 2022: (unaudited)

~~Schedule of~~Note ~~Warrants~~10 ~~Outstanding~~– byRelated ~~Excise~~Party ~~Price Range~~ Transactions

Outstanding and Exercisable
Number of Warrants	Exercise Price
1,500,000	$	4.00
65,625		5.00
65,625		5.00
187,500		3.00
93,750		3.00
93,750		3.00
711,656		1.33
93,750		3.00
93,750		3.00
93,750		3.00
1,174,311		0.71
93,750		3.00
93,750		3.00
93,750		3.00
128,125		0.50
625,000		0.40
3,640,000		0.33
8,847,842

During the three months ended March 31, 2023, the Company is engaged with RG Alliance Group LLC (“RGA”) to perform internal accounts payable, bookkeeping, internal financial reporting and audit support. RGA is 51% owned by Ryan Saathoff, chief financial officer of the Company. Total professional fees expensed in three months ended March 31, 2023 for RGA is $45,800.

16In the three months ended March 31, 2023, the Company received $100,000 in payment for Accounts Receivable related to rental of Transit Vans to PDQ Pickup LLC (“PDQ”) in 2021. PDQ is owned by Terren Peizer, former executive chairman of the Company, and its principal executive officer is Stephen Sanchez, also the Company’s chief executive officer.

~~EVmo,~~Note ~~Inc.~~11 – Contingencies

~~Notes~~Legal ~~to Consolidated Financial Statements~~Proceedings

~~For~~From time to time, the ~~Nine~~Company ~~Months~~may ~~Ended~~become ~~September~~involved ~~30,~~in ~~2022~~lawsuits and ~~2021~~other ~~(unaudited)~~legal proceedings that arise in the course of business. Litigation is subject to inherent uncertainties, and it is not possible to predict the outcome of litigation with total confidence. The Company is currently not aware of any legal proceedings or potential claims against it whose outcome would be likely, individually or in the aggregate, to have a material adverse effect on the Company’s business, financial condition, operating results, or cash flows, other than those described below.

~~Note~~Anthony 9Davis –v. ~~Related~~YayYo, ~~Party~~Inc., ~~Transactions~~and Ramy El-Batrawi: No 20STCV09143

~~During~~Robert ~~the~~Vanech ~~nine~~v. ~~months ended September 30~~YayYo, ~~2022 and 2021~~Inc., ~~the Company expensed $1,671,630~~ and ~~$2,386,623,~~Ramy ~~respectively~~El-Batrawi, related to insuring the Company fleet of vehicles via an insurance brokerage firm, whose owner is also a stockholder of the Company, and in professional fees related to an administrative bookkeeping group partially owned by an officerNo. 21STCV45724

AsThese two ~~described~~cases raise insimilar ~~Note~~claims 5against the Company and Ramy El-Batrawi, ~~herein~~the founder and former chief executive officer of the Company, by two former executives who worked briefly for the Company in 2016-17. The Davis complaint was filed on ~~September~~March 305, ~~2022~~2020, ~~Terren~~in S.the ~~Peizer~~Los Angeles Superior Court by plaintiff Anthony Davis, who was hired by the Company as its chief executive ~~chairman~~officer ofand director on or about December 2016. Mr. Vanech was hired as chief financial officer and director at approximately the ~~board~~same oftime. ~~directors~~Both ofMessrs. Vanech’s and Davis’s employment with the Company ended after several months. As part of their compensation, ~~agreed~~Messrs. toDavis ~~provide~~and ~~financing~~Vanech allege that they expected to ~~the Company~~receive stock options in the ~~amount~~Company. ofIn ~~$600~~their respective pleadings,~~000,~~ toboth beMessrs. ~~allocated~~Davis asand ~~collateral~~Vanech ~~for~~admit that each person resigned from their executive officer and director positions but assert that they did not receive certain compensation in the ~~Company’s~~form ~~Premier~~of ~~Mobility~~stock ~~subsidiary~~options. The Company ~~issued~~denies aliability ~~subordinated,~~and has ~~non-interest~~asserted ~~bearing,~~that ~~promissory~~it ~~note~~has paid Messrs. Davis and Vanech all amounts due ~~September~~to 30them under their respective employment agreements/settlement agreements, ~~2023~~while ~~for~~also asserting that ~~same~~both ~~amount~~Messrs. Davis and Vanech failed to ~~Mr.~~exercise ~~Peizer~~their respective stock options before they expired on December 31, 2018. ~~Upon~~The ~~maturity~~Company filed a demurrer to each plaintiff’s amended complaint, which the Superior Court granted in part and denied in part. Plaintiff Davis has since filed a second amended complaint on October 8, 2021, to which the Company ~~shall~~has ~~repay~~filed an answer. The Company’s position is that the ~~principal~~lawsuits entirely lack merit, and the Company intends to Mrdefend each case vigorously. ~~Peizer~~Plaintiffs ~~and~~have ~~shall~~now ~~also~~filed ~~issue~~a motion to ~~him~~consolidate athe ~~five~~two actions-~~year~~based ~~common~~similarity of ~~stock~~the ~~purchase~~facts ~~warrant~~(and ~~for~~defenses) 3and that motion is pending. The cases,~~640~~ whether consolidated or not,~~000~~ ~~shares~~are expected to go to trial later in ~~Common~~2023 ~~Stock~~and atwill anbe ~~exercise~~decided ~~price~~in oftwo $0bench trials or pursuant to summary judgement.~~33.~~

~~Note~~The 10Company’s –position ~~Contingencies~~as to both lawsuits is that Messrs. Davis’ and Vanech’s claims entirely lack merit, and the Company intends to defend against the lawsuits vigorously.

~~Legal~~Zada ~~Proceedings~~v. EVMO, Inc and Rami El-Batrawi, Los Angeles Superior Court No. 21STCV43510

~~From~~On ~~time~~November to29, ~~time~~2021, ~~the~~a ~~Company~~complaint ~~may~~was ~~become~~filed ~~involved~~by inNorman ~~lawsuits~~Zada, a Company shareholder, against EVmo and ~~other~~Mr.El-Batrawi ~~legal~~alleging ~~proceedings~~breach ~~that~~of contract ~~arise~~and fraud in connection with the ~~course~~plaintiff’s purchase of ~~business. Litigation~~20,000 isshares ~~subject~~of toCommon ~~inherent~~Stock ~~uncertainties,~~in ~~and~~February it2018 isthat the plaintiff claims he did not ~~possible~~receive for over three years. By the time the plaintiff was able to ~~predict~~acquire the ~~outcome~~20,000 shares, the value of ~~litigation~~the ~~with~~stock ~~total~~had ~~confidence.~~dropped ~~The~~to ~~Company~~$1.90 isper ~~currently~~share. ~~not~~By ~~aware~~virtue of ~~any~~the ~~litigation~~allegedly orlate ~~asserted~~delivery ~~potential~~of ~~litigation~~shares, ~~against~~the itplaintiff ~~whose~~alleges ~~outcome~~damages ~~would~~of beapproximately ~~likely~~$94,420. Other ~~individually~~allegations orof wrongdoing on Mr. El-Batrawi’s behalf are included in the ~~aggregate,~~complaint tobut ~~have~~add nothing of a material ~~adverse~~nature to ~~effect~~the onlegal ~~the~~dispute. ~~Company’s~~Both ~~business,~~Mr.El-Batrawi ~~financial~~and ~~condition,~~EVmo ~~operating~~presently ~~results,~~intend orto ~~cash~~file ~~flows~~demurrers to the Complaint and, if necessary, vigorously ~~other~~defend ~~than~~the ~~those~~lawsuit ~~described~~on ~~below~~the merits.

~~Anthony Davis v. YayYo, Inc., and Ramy El-Batrawi~~17

ANote ~~complaint~~12 ~~was~~– filed on March 5, 2020, in the Los Angeles Superior Court by plaintiff Anthony Davis, who was hired by the Company as its CEO and as a director on or about December 2016. Mr. Davis’s employment with the Company ended after several months. As part of his compensation, Mr. Davis alleges that he expected to receive stock options in the Company. In his pleadings, Mr. Davis admits that he resigned from his executive officer and director positions, but asserts that he did not receive certain compensation in the form of stock options (he has also included a claim for wage and hour violations). The Company denies liability and has asserted that it has paid Mr. Davis all amounts due to him under his employment agreement, while also asserting that Mr. Davis failed to exercise his stock options before they expired on December 31, 2018. The Company filed a demurrer to the first amended complaint, which the Superior Court granted in part and denied in part on September 8, 2021. The plaintiff has since filed a second amended complaint, to which the Company has filed an answer. The Company’s position is that the lawsuit entirely lacks merit, and the Company intends to defend it vigorously. This lawsuit is currently in the discovery phase.Settlements

~~Bellridge~~Ivan Rung ~~Capital~~v. YayYo, LPInc., Ramy El-Batrawi, et al., 20STCV27876 and Michael Vanbecelaere v. ~~EVmo~~YayYo, Inc., ~~1:21~~Ramy El-~~cv-07091-PGG (Filed~~Batrawi, inet ~~Southern~~al., ~~District~~20STCV28066 (Vanbecelaere)(hereafter ofthe ~~New~~“State ~~York~~Cases”)

InOn July ~~the~~22 ~~first~~and ~~half~~July ~~of 2021~~23, ~~a warrant holder~~2020, ~~Bellridge Capital~~respectively, ~~LP,~~two ~~sought~~actions towere ~~exercise~~filed ain ~~warrant~~the ~~for~~Los ~~1,500,000~~Angeles ~~shares,~~Superior ~~with a stated exercise price of $4~~Court.00 ~~per~~The ~~share,~~allegations ~~for~~in athe ~~nominal amount,~~complaints ~~claiming~~underlying ~~that~~the anState ~~anti-dilution~~Cases ~~adjustment~~are ~~had~~virtually ~~been~~identical ~~triggered~~to those included in ~~2020,~~the ~~which~~consolidated ~~had~~federal ~~reduced~~securities ~~the~~cases ~~exercise~~discussed ~~price~~below to(In ~~such~~re ~~amount~~YayYo Securities Litigation). The ~~Company~~State Cases ~~rejected~~litigation ~~the~~was ~~exercise,~~stayed onpending the ~~basis~~outcome ~~that~~of the ~~warrant~~federal ~~had~~securities ~~previously~~cases, ~~been~~as ~~amended~~ to ~~remove~~which, ~~that~~as ~~anti-dilution~~noted ~~adjustment. In September 2021~~below, the ~~warrant~~parties ~~holder~~announced ~~brought~~a settlement ~~suit for damages~~ in ~~the~~principle ~~Southern~~last ~~District of New York~~year. ItPlease issee the ~~Company’s~~disclosure ~~position~~concerning ~~that~~In ~~the~~re ~~lawsuit is~~YayYo ~~without~~Securities ~~merit,~~Litigation ~~and~~immediately ~~the~~below for ~~Company~~further isinformation ~~vigorously~~regarding ~~defending~~ the ~~lawsuit.~~final ~~This~~disposition ~~lawsuit~~of ~~is currently in~~ the ~~discovery~~State ~~phase~~Cases litigation.

17Jason Hamlin v. YayYo, Inc., Ramy El-Batrawi, et al., 20-cv-8235 (SVW) and William Koch v. YayYo, Inc., Ramy El-Batrawi, et al., 20-cv-8591 (SVW)(now consolidated as “In re YayYo Securities Litigation”)

~~EVmo~~These two actions were filed on September 9, 2020 and September 18, 2020, respectively, in the United States District Court for the Central District of California. Plaintiffs Jason Hamlin and William Koch each claim to have purchased the Common Stock as part of the IPO and, like the plaintiffs in the State Cases, purport to bring a securities class action pursuant to Sections 11 and 15 of the Securities Act, as well as and Section 17(a) and 10(b)(5) of the Securities Exchange Act of 1934, as amended, on behalf of all purchasers of the Common Stock in the IPO. The first amended complaint, like the State Cases, alleges false statements and material omissions of material fact in connection with the SEC filings distributed in connection with the IPO. The defendants include directors of the Company and the underwriters of the IPO, WestPark Capital, Inc. and Aegis Capital Corp. The federal court consolidated the two matters for all practical purposes. As with the State Cases, the Company denied liability and asserted that it accurately and completely disclosed all material facts and circumstances in its SEC filings, and that the complaint’s alleged violations of securities laws are baseless. The parties to the federal court litigation announced on October 21, 2021 that they had reached a settlement, which received preliminary approval by the district court on January 13, 2022, allowing the notice of the proposed settlement to be distributed to all class members, who unless they object or drop out, will be bound by the multi-million dollar settlement. The Company’s portion of the settlement was $1 million paid out in equal installments every three months over the course of 2022. These payments have been and will continue to be timely made. Executive Chairman Terren Peizer provided his personal guarantee for the whole amount due to the plaintiffs.

~~Notes~~On July 12, 2022, the district court presiding over In re YayYo Securities Litigation signed an order and final judgment with respect to ~~Consolidated~~the ~~Financial~~settlement ~~Statements~~described herein. The plaintiffs in the State Cases were bound by this settlement and therefore the State Cases were subject to dismissal by operation of law. On October 19, 2022, the court presiding over the State Cases signed the order of dismissal.

~~For~~Konop ~~the~~v. ~~Nine~~El-Batrawi, ~~Months~~et ~~Ended~~al., ~~September~~1:20-cv-1379- ~~30,~~MN ~~2022~~(Filed ~~and~~in ~~2021~~Del. ~~(unaudited~~District Court)

~~Note~~On 11October –12, ~~Settlements~~2020, a complaint was filed in Delaware District Court, which complaint was subsequently transferred to the U.S. District Court for the Central District of California and assigned as a related case to the judge in In re YayYo Securities Litigation. This case was a purported shareholder derivative action, in which the Company was a nominal defendant, alleging that the Company’s executive officers and directors at the time of its IPO made false and misleading statements relating to the Company’s business, operations, and future prospects and that the directors breached their fiduciary duties in doing so. Upon the settlement and dismissal of In re YayYo Securities Litigation, this case was also subject to a motion to dismissal, which the district court granted and the action was terminated on September 19, 2022.

~~Ivan~~Bellridge ~~Rung v. YayYo~~Capital, ~~Inc.~~LP, ~~Ramy El-Batrawi, et al., 20STCV27876 and Michael Vanbecelaere~~ v. ~~YayYo~~EVmo, Inc., ~~Ramy El~~1:21-~~Batrawi,~~cv-07091-PGG et(Filed ~~al.,~~in ~~20STCV28066 (Vanbecelaere)(hereafter~~Southern ~~the~~District ~~“State~~of ~~Cases”~~New York)

OnIn ~~July~~the 22first ~~and~~half ~~July~~of 232021, ~~2020~~a warrant holder, ~~respectively~~Bellridge Capital, ~~two~~LP ~~actions~~(“Bellridge”), ~~were~~sought ~~filed~~to exercise a warrant for 1,500,000 shares, with a stated exercise price of $4.00 per share, for a nominal amount, claiming that an anti-dilution adjustment had been triggered in 2020, which had reduced the ~~Los~~exercise ~~Angeles~~price ~~Superior~~to ~~Court~~such amount. The ~~complaints~~Company ~~underlying~~rejected the ~~State~~exercise, on the basis that the warrant had previously ~~Cases~~been ~~differ~~amended ~~from~~to remove that anti-dilution adjustment. In September 2021, the ~~consolidated~~warrant ~~federal~~holder ~~securities~~brought ~~cases~~suit ~~discussed~~for ~~below~~damages (in the Southern District of New York. In reMarch ~~YayYo~~2023, ~~Securities~~the ~~Litigation)~~parties ~~only~~to bythis litigation entered into a ~~few words~~settlement ~~and~~agreement. ~~some~~On ~~random~~March ~~punctuation~~16, ~~marks~~2023, the Company and ~~are~~Bellridge ~~therefore~~entered ~~virtually~~into ~~identical~~a settlement agreement relating to the litigation between them described in Note 12- “Contingencies” above (the “Settlement Agreement”). The ~~State~~Settlement ~~Cases~~Agreement ~~litigation~~provides ~~was~~for ~~stayed~~the ~~pending~~immediate issuance by the ~~outcome~~Company to Bellridge of ~~the~~1,500,000 ~~federal~~shares ~~securities~~of ~~cases,~~Common asStock and an aggregate cash payment by the Company to ~~which~~Bellridge of $1,620,000 asover ~~noted~~a ~~below~~36-month period, subject to downward adjustment if the ~~parties~~market ~~announced~~price aof ~~settlement~~the Common Stock exceeds certain thresholds set forth in ~~principle~~the ~~last~~Settlement ~~year~~Agreement. ~~Please~~Upon execution ~~see~~of the ~~disclosure~~Settlement ~~concerning~~Agreement Inby rethe ~~YayYo~~parties, ~~Securities~~and ~~Litigation~~contingent ~~immediately~~upon ~~below~~the ~~for~~obligations ~~further~~of ~~information~~the ~~regarding~~Company ~~the~~as ~~final~~set ~~disposition~~forth oftherein being fulfilled, the ~~State~~complaint ~~Cases~~brought ~~litigation~~by Bellridge was dismissed with prejudice.

~~Jason~~Note ~~Hamlin~~13 v.– ~~YayYo,~~Subsequent ~~Inc., Ramy El-Batrawi, et al., 20-cv-8235 (SVW) and William Koch v. YayYo, Inc., Ramy El-Batrawi, et al., 20-cv-8591 (SVW)(now consolidated as “In re YayYo Securities Litigation”)~~Events

~~These two~~ There actions were filed on September 9, 2020 and September 18, 2020, respectively, in the United States District Court for the Central District of California. Plaintiffs Jason Hamlin and William Koch each claim to have ~~purchased~~been ~~the~~no Common Stock as part of the IPO and, like the plaintiffs in the State Cases, purport to bring a securities class action pursuant to Sections 11 and 15 of the Securities Act, as well as and Section 17(a) and 10(b)(5) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on behalf of all purchasers of the Common Stock in the IPO. The first amended complaint, like the State Cases, alleges false statements and material ~~omissions~~ ofsubsequent ~~material~~events ~~fact~~since inMarch ~~connection with the SEC filings distributed in connection with the IPO. The defendants include directors of the Company and the underwriters of the IPO~~31, ~~WestPark Capital, Inc~~2023. and Aegis Capital Corp. The federal court consolidated the two matters for all practical purposes. As with the State Cases, the Company denied liability and asserted that it accurately and completely disclosed all material facts and circumstances in its SEC filings, and that the complaint’s alleged violations of securities laws are baseless. The parties to the federal court litigation announced on October 21, 2021 that they had reached a settlement, which received preliminary approval by the district court on January 13, 2022, allowing the notice of the proposed settlement to be distributed to all class members, who unless they object or drop out, will be bound by the multi-million dollar settlement. The Company’s portion of the settlement was $1 million paid out in equal installments every three months over the course of 2022. These payments have been and will continue to be timely made. Executive Chairman Terren Peizer provided his personal guarantee for the whole amount due to the plaintiffs.

On July 12, 2022, the district court presiding over In re YayYo Securities Litigation signed an order and final judgment with respect to the settlement described herein. The plaintiffs in the State Cases were bound by this settlement and therefore the State Cases were subject to dismissal by operation of law. On October 19, 2022, the court presiding over the State Cases signed the order of dismissal. 18

~~Konop~~Item v2. ~~El-Batrawi,~~Management’s etDiscussion ~~al.,~~and ~~1:20-cv-1379-~~Analysis MNof ~~(Filed~~Financial inCondition ~~Del.~~and ~~District~~Results ~~Court)~~of Operations

~~On October 12, 2020, a complaint was filed in Delaware District Court,~~Cautionary ~~which~~Note ~~complaint~~Regarding ~~was~~Forward-Looking subsequently transferred to the U.S. District Court for the Central District of California, and assigned as a related case to the judge in In re YayYo Securities Litigation. This case was a purported shareholder derivative action, in which the Company was a nominal defendant, alleging that the Company’s executive officers and directors at the time of its IPO made false and misleading statements relating to the Company’s business, operations, and future prospects and that the directors breached their fiduciary duties in doing so. Upon the settlement and dismissal of In re YayYo Securities Litigation, this case was also subject to dismissal, which the district court granted upon motion of the plaintiffs on September 19, 2022.Statements

~~Note~~This 12quarterly –report ~~Subsequent~~on ~~Events~~Form 10-Q (this “Report”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on our management’s beliefs and assumptions, and on information currently available to management. Forward-looking statements include the information concerning our possible or assumed future results of operations set forth under the headings “Business” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward-looking statements also include statements in which words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “consider” or similar expressions are used.

~~There~~Forward-looking statements speak only as of the date they are nomade, ~~material~~and ~~subsequent~~we ~~events~~do not undertake to update these statements other than as ofrequired ~~November~~by law. 14You are advised, ~~2022~~however, to review any further disclosures we make on related subjects in our periodic filings with the Securities & Exchange Commission (the “SEC”).

18All brand names or trademarks appearing in this Report are the property of their respective holders. Unless the context requires otherwise, references in this Report to “EVmo,” the “Company,” “we,” “us,” and “our” refer to EVmo, Inc., a Delaware corporation, and its consolidated subsidiaries.

~~Item~~Our 2.Corporate ~~Management’s~~History ~~Discussion~~ and ~~Analysis of Financial Condition and Results of Operations.~~Background

~~Cautionary~~EVmo ~~Note~~was ~~Regarding~~initially ~~Forward-Looking~~formed ~~Statements~~on June 21, 2016 as a Delaware limited liability company under the name “YayYo, LLC.” The Company was subsequently converted into a Delaware corporation pursuant to Section 265 of the Delaware General Corporation Law (the “DGCL”). The Company now operates as a “C” corporation formed under the laws of the State of Delaware.

~~Certain~~We ~~statements~~became ~~made~~a ~~herein,~~reporting ascompany ~~well~~when, ason inMarch ~~other~~17, ~~filings~~2017, wean ~~make~~offering ~~with~~circular ~~the~~on ~~SEC~~Form ~~and~~1-A ~~other~~relating ~~written~~to ~~and~~a ~~oral~~best-efforts ~~information~~offering weof ~~release,~~our ~~regarding~~common ~~our~~stock, ~~future~~par ~~performance~~value ~~constitute~~$0.000001 ~~“forward-looking~~per ~~statements”~~share ~~as defined in~~ (the ~~Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as~~ “~~may,”~~Common ~~“should,~~Stock”) ~~“expects,” “intends,”~~pursuant ~~“plans,”~~to “~~anticipates,”~~Regulation ~~“believes,~~A+” ~~“estimates,”~~of ~~“predicts,” “potential,”~~the ~~“continue”~~Securities ~~and~~Act ~~similar references to future periods. Such statements involve known and unknown risks,~~of ~~uncertainties and other factors that may cause our actual results~~1933, ~~performance~~as oramended ~~achievements~~(the to“Securities ~~be materially different from any future results~~Act”), ~~performance~~was orqualified ~~achievements expressed or implied~~ by ~~such~~the ~~forward-looking statements~~SEC. ~~The forward-looking statements included~~ ~~herein are based on current expectations that involve numerous risks and uncertainties. Our plans and objectives are based~~Then, ~~in part,~~ on ~~assumptions~~November ~~involving the continued expansion of business~~15, ~~which assumptions involve judgments with respect to~~2019, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we ~~believe~~completed ~~our~~an ~~assumptions~~initial ~~underlying~~public ~~the~~offering ~~forward-looking statements are reasonable, any~~ of ~~the assumptions could prove inaccurate~~2, ~~and~~625,000 ~~therefore,~~shares ~~there can be no assurance the forward-looking statements included herein will prove to be accurate. In light~~ of ~~the~~Common ~~significant uncertainties inherent in the forward-looking statements included herein~~Stock, ~~the~~ ~~inclusion~~at ~~of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved~~$4.00 ~~Our~~per ~~actual~~share, ~~results~~for ~~may differ materially from those anticipated in these forward-looking statements as a result of~~gross ~~various factors~~proceeds, ~~including~~before ~~those~~underwriting ~~described~~discounts ~~elsewhere~~and incommissions ~~this report~~ and asexpenses, ~~also~~of ~~may be described from time to time in future reports we file with the SEC~~$10.5 ~~You~~million ~~should~~and ~~read such information in conjunction with~~ our ~~consolidated~~Common ~~financial~~Stock ~~statements~~was ~~and~~listed ~~related~~on ~~notes~~the ~~and~~Nasdaq ~~“Management’s~~Capital ~~Discussion~~Market ~~and Analysis of Financial Condition and Results of Operations~~(“Nasdaq”) inunder ~~this~~the ~~report.~~ticker ~~There~~symbol ~~also may be other factors that we cannot anticipate or that are not described in this report, generally because we do not currently perceive them to be material~~“YAYO. ~~Such factors could cause results to differ materially from our expectations.~~”

~~Forward-looking~~On ~~statements~~February ~~speak~~10, ~~only~~2020, asafter ofbeing ~~the~~advised ~~date~~by ~~they~~Nasdaq ~~are~~that ~~made,~~it ~~and~~believed we dono ~~not~~longer ~~undertake~~met tothe ~~update~~conditions ~~these~~for ~~statements~~continued ~~other~~listing, ~~than~~the asCompany announced ~~required~~its byintent ~~law~~to voluntarily delist its Common Stock. ~~You~~ ~~are~~Since ~~advised,~~delisting ~~however~~from Nasdaq, toour ~~review~~Common ~~any~~Stock ~~further~~has ~~disclosures~~been wequoted ~~make~~and traded on ~~related~~the ~~subjects~~Pink inOpen ~~our~~Market, ~~periodic~~which ~~filings~~is ~~with~~operated by OTC Markets Group, under the ~~SEC~~same ticker symbol. The delisting was effective on March 1, 2020.

~~Our~~In ~~Corporate~~September ~~History~~2020, we changed our name from YayYo, Inc. to Rideshare Rental, Inc., in order for our corporate brand to better reflect our principal businesses, ridesharing and ~~Background~~vehicle rentals. In February 2021, we again changed our name to EVmo, Inc., to underscore our commitment to making a full transition to electric vehicles by the end of 2024.

~~EVmo, Inc. (“EVmo”, the “Company”, “we”,~~Our ~~“our”,~~address oris ~~“us”) was~~3201 ~~initially~~N. ~~formed~~Sepulveda onBlvd. ~~June~~Manhattan 21Beach, ~~2016~~CA ~~as a Delaware limited liability company under the name “YayYo, LLC~~90266.” ~~The~~Our ~~Company~~telephone ~~was subsequently~~number ~~converted~~is ~~into~~(310) a926-2643 ~~Delaware~~and ~~corporation~~our ~~pursuant~~website tomay ~~Section~~be ~~265 of the Delaware General Corporation Law. The Company now operates~~accessed asat ~~a “C” corporation formed under the laws of the State of Delaware~~www.evmo.com.

We became a reporting company when, on March 17, 2017, an offering circular on Form 1-A relating to a best-efforts offering of our common stock, par value. $0.000001 per share (the “Common Stock”), pursuant to “Regulation A+” of the Securities Act of 1933, as amended (the “Securities Act”), was qualified by the “SEC”. Then, on November 15, 2019, we completed an initial public offering of 2,625,000 shares of Common Stock, at $4.00 per share, for gross proceeds, before underwriting discounts and commissions and expenses, of $10.5 million and our Common Stock was listed on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “YAYO.”19

OnPrinciples ~~February~~of 10, 2020, after being advised by Nasdaq that it believed we no longer met the conditions for continued listing, we announced our intent to voluntarily delist our Common Stock. Since delisting from Nasdaq, our Common Stock has been quoted and traded on the Pink Open Market, which is operated by OTC Markets Group, under the same ticker symbol. The delisting was effective on March 1, 2020.consolidation

InThe ~~September~~accompanying ~~2020,~~consolidated wefinancial ~~changed~~statements ~~our~~include ~~name from YayYo, Inc. to Rideshare Rental, Inc., in order for our corporate brand to better reflect our principal business,~~ the ~~rental~~accounts of ~~ridesharing~~the Company and ~~delivery~~its ~~gig~~wholly-owned ~~vehicles. In February 2021~~subsidiaries, weDistinct ~~again changed our name to EVmo~~Cars, to ~~underscore~~LLC ~~our~~(“Distinct ~~commitment~~Cars”) toand ~~making~~RideShare aCar ~~full~~Rentals, ~~transition~~LLC to(“Rideshare”), ~~electric~~both ~~vehicles by the end~~ of ~~2024.~~which Inare ~~January~~limited ~~2022,~~liability wecompanies ~~completed~~organized ain ~~follow-on public~~the ~~offering~~State of ~~27,400,000 shares of Common Stock, at $0~~Delaware.50 ~~per~~All ~~share,~~significant ~~which~~intercompany ~~will,~~transactions ~~among~~and ~~other~~balances ~~uses,~~have ~~provide capital required to facilitate~~been ~~our electric vehicles transition strategy~~eliminated.

WeConsolidated ~~are~~Results a holding company operating principally through two wholly-owned subsidiaries: RideShare Car Rentals, LLC (“RideShare”) and Distinct Cars, LLC (“Distinct Cars”). Our proprietary Rideshare Platform provides TNC drivers with an online booking platform, while Distinct Cars maintains a fleet of ~~passenger~~Operations—Three ~~vehicles~~Months ~~and~~Ended ~~transit~~March ~~vans for use in the last-mile logistical space for rent to our TNC driver customers~~31, ~~enabling such drivers to meet the vehicle suitability and other requirements of rideshare and delivery gig companies such as Uber~~2023, ~~Lyft,~~Compared ~~DoorDash and Grubhub. Through RideShare and Distinct Cars, we seek~~ to ~~become~~Three aMonths ~~leading provider~~Ended ofMarch ~~rental vehicles to drivers in the ridesharing and delivery gig spaces~~31, ~~and an industry leader in supplying transit vans for last-mile logistics.~~2022

19Total Revenues.

~~Impact~~Revenue for the three months ended March 31, 2023 was $3,844,136, an increase of ~~COVID-19~~$1,384,427 onor 56.28% compared to revenue for the three months ended March 31, 2022 of $2,459,709. The increase is principally due to an increase in our ~~business~~rental fleet and increase in our daily rental rate.

OnCost ~~January 30, 2020, the World Health Organization declared the outbreak~~ of ~~the coronavirus disease (COVID-19) a “Public Health Emergency of International Concern,” and on March 11, 2020, it characterized the outbreak as a “pandemic~~Revenues.” In response, numerous states and cities ordered their residents to cease traveling to non-essential jobs and to curtail all unnecessary travel, and similar restrictions were recommended by the federal government. Beginning in the first quarter of 2020, which saw the initial rapid spread of COVID-19, rideshare companies were severely and negatively impacted, as demand plummeted. Consequently, the Company experienced a decline in revenue during the first half of 2020, which had a negative impact on our cash flows, but we then saw a positive upward movement in revenue during the second half of 2020, which continued through fiscal 2021. This was consistent with the experience of the TNCs whose drivers we service. According to Bloomberg Second Measure, Uber and Lyft sales were up 104% and 84% year-over-year, respectively, in February 2022 from one year earlier, even in spite of the Delta and Omicron variants that resulted in spikes of infections through periods of 2021.

~~Given~~The ~~the~~principal ~~current~~components ~~prevalence~~ of ~~FDA-approved~~costs ~~eligible vaccines across nearly all age groups, the marked overall decrease in the number~~ of ~~COVID-19 infections,~~revenue ~~hospitalizations~~are ~~and~~depreciation ~~deaths through the first nine months~~ of ~~2022, and~~ the ~~resulting lifting of most pandemic restrictions in our active markets~~vehicles, wevehicle ~~are~~insurance ~~optimistic that COVID-19 will not have a material impact on our operations in the current fiscal year. However, certain factors- including, for example, a new, more aggressive~~ and ~~deadly variant that is resistant to the vaccines- could reverse the positive trends of recent months and alter our prediction~~maintenance.

~~Principles~~Cost of ~~consolidation~~revenues for the three months ended March 31, 2023 were $3,288,738, an increase of $1,316,675 or 66.77% compared to cost of revenues for the three months ended March 31, 2022 of $1,972,063. Depreciation expenses on the vehicles is included in cost of revenues. The increase is due to higher depreciation expenses due to an increase in fleet size and higher repairs and maintenance, including body shop expenses to redeploy vehicles. For the three months ended March 31, 2023 and 2022 our cost of revenue including vehicle depreciation was 14.45% and 19.83% of our revenue, respectively. The increase in the cost of revenue is mainly attributed to an increase in body shop-related expenses, depreciation expense, auto maintenance expenses and registration expenses due to the increase in fleet size in 2022.

~~The~~If ~~accompanying~~we ~~consolidated~~exclude ~~financial~~vehicle ~~statements~~depreciation, ~~include~~gross profit for the ~~accounts~~three months ended March 31, 2023 was $1,619,729, an increase of $612,550 or 42.17% compared to gross profit for the ~~Company~~three ~~and~~months ~~its~~ended ~~wholly-owned~~March ~~operating~~31, ~~subsidiaries~~2022 of $1,007,179. ~~Distinct~~Excluding vehicle depreciation, gross ~~Cars~~margin ~~and~~the ~~RideShare~~three months ended March 31, 2023 was 42.14%, ~~All~~as ~~significant~~compared ~~intercompany~~to ~~transactions~~gross ~~and~~margin ~~balances~~for ~~have~~the ~~been~~three ~~eliminated~~months ended March 31, 2022 of 40.95%.

~~Consolidated~~Selling ~~Results~~and ofMarketing ~~Operations—Three Months Ended September 30, 2022, Compared to Three Months Ended September 30, 2021~~Expenses.

~~Total~~Selling ~~Revenues~~and marketing expenses for the three months ended March 31, 2023 were $94,123, representing an increase of $29,787 or 46.30% over the three months ended March 31, 2022, of $64,336. The increase is due to a focused advertising campaign and high demand for vehicles added in 2022 to our fleet.

~~Revenue~~General for the three months ended September 30, 2022 was $3,551,699 an increase of $827,519 or 23.3% compared to revenue for the three months ended September 30, 2021 of $2,724,180. The increase is principally due to an increase in the size of our rental vehicle fleet and ~~an increase~~Administrative ~~in our daily rental rate~~Expenses.

~~Cost~~General and administrative expenses for the three months ended March 31, 2023, were $3,231,409, representing an increase of ~~Revenues~~$1,769,084 or 121% over the three months ended March 31, 2022 of $1,462,325. The increase is due primarily to the final accrued settlement expense of the Bellridge Capital warrant dispute and legal fees associated with the settlement.

~~The principal components of costs of revenue are depreciation of the vehicles, vehicle insurance and maintenance.~~20

~~Cost~~Total ofOperating revenues for the three months ended September 30, 2022 was $2,579,086, an increase of $293,208, or 11.4%, compared to the cost of revenues for the three months ended September 30, 2021 of $2,285,878. The increase is due to higher depreciation expense, insurance expense and vehicle repairs due to an increase in fleet size. For the three months ended September 30, 2022 and 2021 our cost of revenue was 72.62% and 83.91% of our revenue, respectively, including vehicle depreciation. Excluding vehicle depreciation, cost of revenue for the three months ended September 30, 2022 was 49.6%, the lowest cost of revenues by percentage of revenue in company history. The decrease in the cost of revenue as a percentage of revenue is due to improved daily rental rates, effective fleet management and improved driver turnover ratesExpenses

~~Selling~~Total operating expenses for the three months ended March 31, 2023 were $3,370,034, representing an increase of $1,824,373 or 118% compared to the three months ended March 31, 2022 of $1,545,661. The increase is due primarily to the final accrued settlement expense of the Bellridge Capital warrant dispute and ~~Marketing~~legal ~~Expenses~~fees associated with the settlement.

~~Selling~~Interest expense and ~~marketing~~financing expenses for the three months ended September 30, 2022 were $99,843, representing an increase of $73,278, or 275.8%, over the expenses incurred in the three months ended September 30, 2021 of $26,565. The increase is due to a focused advertising campaign targeted at renting new vehicles added to the platform.cost

~~General~~Interest and ~~Administrative~~financing ~~Expenses~~expenses for the three months ended March 31, 2023 were $998,773 compared to $452,037 for the three months ended Mach 31, 2022. The interest expense was for Energy Impact Partners note interest expense and vehicle lease financing interest expense. The increase from March 31, 2022 was due to the increase in leased vehicles on financing terms in fiscal year 2022.

~~General and~~Other administrative expenses for the three months ended September 30, 2022, were $1,580,058, representing an decrease of $1,638,854, or 103.7%, under the expenses incurred in the three months ended September 30, 2021 of $3,218,912. The decrease is due to maintained payroll, no additional stock issued, reduced legal fees, and controlled administrative expenses.Income

20Other income for the three months ended March 31, 2023 was $673,697. This other income resulted from the completion of the Employer Retention Tax Credit, (ERTC) for employee retention in 2021 and 2022. The total tax refund from ERTC is $783,369 less the fee of $109,672 for professional services rendered from the firm hired to compile the documentation and complete the process and submit the amended 941 returns.

~~Total~~Net ~~Operating Expenses~~Loss

~~Total~~The ~~operating~~net ~~expenses~~loss for the three months ended ~~September~~March 3031, ~~2022~~2023 ~~were~~was $13,~~765~~139,~~568~~712, representing a decrease of $1,~~526~~629,~~409,~~660 or ~~86.5~~108%, compared to ~~the~~net ~~expenses~~loss ~~incurred~~from in the three months ended ~~September~~March 3031, ~~2021~~2022 of $31,~~291~~510,~~977~~052. The decrease is due to the ~~maintained~~final ~~payroll,~~accrued nosettlement ~~additional stock~~expense ~~issued,~~of ~~reduced~~the Bellridge Capital warrant dispute and legal fees, ~~and~~associated ~~controlled~~with ~~administrative~~the ~~expenses~~settlement.

~~Interest~~Liquidity, ~~expense~~Capital Resources and ~~financing~~Plan ~~cost~~of Operations

~~Interest~~In ~~and~~November ~~financing expenses for the three months ended September 30~~2019, ~~2022~~we ~~were~~completed ~~$712,952~~our ~~compared~~initial topublic ~~$2,007,194~~offering ~~for~~of ~~the~~Common ~~three months ended September 30~~Stock, ~~2021. The interest expense was debt service on the EIP Note payable~~ and ~~vehicle~~sold ~~lease~~a ~~financing~~total ~~interest expense. The decrease from September 30, 2021 was due to the non-recurring issuance~~ of ~~825~~2,625,000 ~~shares of~~ common ~~stock~~shares toat ~~Acuitas, in connection with~~ a ~~settlement~~price ~~agreement~~of ~~between Acuitas and XLLC, a company owned~~$4.00 byper ~~the Company’s former chief executive officer~~share. ~~The~~Total ~~value~~gross ofproceeds ~~the~~from ~~shares was $3,240,600 which is based on~~ the ~~market~~offering ~~price~~were ~~of the Common Stock at the grant date. The~~ $310,~~240~~500,~~600~~000, ~~was~~before ~~expensed~~deducting asunderwriting ~~financing~~discounts ~~costs~~and asother ~~the~~offering ~~dispute underlying the settlement agreement related to an anti-dilution of a prior investment in the Company by Acuitas~~expenses.

~~Net~~In ~~Loss~~January 2021, we received $500,000 from one of our stockholders in exchange for a convertible note. The note was convertible into shares of Common Stock at $0.50 per share and was converted into 1,000,000 shares of Common Stock in February 2021.

~~The~~In ~~net~~April ~~loss~~2021, ~~for~~as ~~the~~part ~~three~~of ~~months~~a ~~ended~~securities ~~September~~purchase ~~30,~~agreement ~~2022~~(the ~~was~~“Securities ~~$(1,505,907~~Purchase Agreement”), ~~representing~~we issued and sold to an investor a ~~decrease~~12.5% original issue discount convertible promissory note and a Common Stock purchase warrant. The note had an original principal amount of $32,~~271~~250,~~421~~000, orwith ~~217~~an original issue discount of $250,000.2% ~~compared~~It tobore ~~net loss~~interest ~~from~~at ~~the~~a ~~three~~fixed ~~months~~rate ~~ended~~of ~~September~~ten 30percent (10%), was ~~2021~~convertible into shares of Common Stock at a price of $3.00 per share (4subject to adjustment),~~777~~ and was to mature on January 12,~~328)~~ 2022. The ~~increase~~warrant isgranted ~~due~~the toinvestor the ~~reasons~~right ~~described~~to ~~above.~~purchase ~~The~~187,500 ~~company~~shares ~~achieved~~of Common Stock at an exercise price of $3.00, subject ~~positive~~to ~~EBITDA~~adjustment; ~~for~~it ~~the~~is ~~first~~exercisable at any time inwithin five (5) years of the ~~three~~date ~~months~~of ~~ended~~issuance ~~September~~and 30additional warrants, ~~2022~~each for 93,750 shares of Common Stock with an exercise price of $~~117~~3.00 per share,~~029~~ were to be issued by the Company to the investor each month that the note remains outstanding.

~~Consolidated~~In ~~Results~~July of2021, ~~Operations—Nine~~we ~~Months~~entered ~~Ended~~into ~~September~~a 30term loan, ~~2022~~guarantee and security agreement (the “Term Loan”) with EICF Agent LLC, ~~Compared~~as agent for the lenders, and Energy Impact Credit Fund I, LP, as lender, providing for a secured term loan facility in an aggregate principal amount of up to $15.0 ~~Nine~~million, ~~Months~~consisting ~~Ended~~of ~~September~~a 30$7.5 million closing date term loan facility and up to $7.5 million of borrowings under a delayed draw term loan facility. The initial loan was fully drawn on the closing date. The term loan agreement will mature on July 9, ~~2021~~2026.

~~Total~~In ~~Revenues~~connection with the Term Loan, we entered into an exchange agreement (the “Exchange Agreement”) with the same investor (the “Investor”) with whom we entered into the Securities Purchase Agreement. As part of the Exchange Agreement, the Investor agreed to exchange the note we issued to it in April 2021 for 230,375 shares of Series B preferred stock, and a warrant. This warrant granted the Investor the right to purchase 93,750 shares of Common Stock at an exercise price of $3.00, subject to adjustment. This warrant is exercisable in full at any time within five (5) years of the date of issuance. Additional warrants on substantially identical terms were issued by the Company to the Investor monthly until such time as the preferred stock was redeemed or converted in full, after which a final warrant was issued. All of the shares of Series B preferred stock were converted by their holder into shares of Common Stock, or redeemed by us, in the first quarter of 2022.

~~Revenue~~In ~~for~~January ~~the nine months ended September 30~~2022, ~~2022~~we ~~was~~completed ~~$8,888,034~~a anfollow-on ~~increase~~offering of $127,~~217~~400,~~239~~000 orshares ~~13.7%~~of ~~compared~~Common toStock ~~revenue~~at ~~for~~a ~~the~~price ~~nine months ended September 30, 2021~~ of $~~7,670,795~~0.50 ~~The~~per ~~increase~~share, isfor ~~principally~~total ~~due~~gross ~~to an increase in the size~~ proceeds of ~~our rental vehicle fleet and an increase in our daily rental rate~~$13,700,000.

~~Cost~~Current ofAssets, ~~Revenues~~Liabilities and Working Capital.

~~The~~At March 31, 2023, the Company’s current assets ~~principal~~totaled ~~components~~$2,136,517, ofcurrent ~~costs~~liabilities oftotaled ~~revenue~~$9,909,294, ~~are~~and ~~depreciation~~working capital was a deficit of $7,772,777. At December 31, 2022, the Company’s ~~vehicles~~current assets totaled $2,625,891, ~~vehicle~~current ~~insurance~~liabilities totaled $7,583,679, and ~~maintenance~~working capital was a deficit of $4,957,788.

~~Cost of~~Regarding ~~revenues~~current ~~for~~liabilities, the ~~nine~~amounts ~~months~~categorized ~~ended~~as ~~September~~accounts ~~30,~~payable and ~~2022~~accrued ~~was~~expenses totaled $62,~~636~~627,~~641,~~567 anand ~~increase of~~ $~~654~~2,~~566~~051,926 oras ~~9.86%, compared to the cost~~ of ~~revenues~~ ~~for~~March ~~the~~31, ~~nine~~2023 ~~months~~and ~~ended~~December ~~September~~31, 302022, ~~2021 of $5~~respectively,~~982,075~~ ~~The~~an increase isof ~~due to higher depreciation expense~~$575, ~~insurance expense~~641 ~~and~~or ~~vehicle~~28.1%, ~~repairs~~ due to anthe ~~increase~~final inaccrued ~~fleet~~settlement ~~size.~~expense ~~For~~of the ~~nine~~Bellridge ~~months~~Capital ~~ended~~warrant ~~September~~dispute ~~30, 2022~~ and ~~2021~~legal ~~our~~fees ~~cost~~associated ofwith ~~revenue~~the ~~was 74~~settlement.~~67%~~ ~~and~~This ~~77.99%~~excludes ofthe ~~our~~Accrued ~~revenue,~~Bellridge ~~respectively~~Settlement, ~~including~~current ~~vehicle~~portion ~~depreciation. Excluding vehicle depreciation, cost~~ of ~~revenue for the nine months ended September 30~~$300,000 ~~2022~~and ~~was~~long ~~53.5%.~~term ~~The~~portion ~~decrease in the cost~~ of ~~revenue as a percentage of revenue is due to improved daily rental rates~~$1, ~~effective fleet management and improved driver turnover rates~~295,000.

~~Selling~~Since inception, our principal sources of operating funds have been: (i) proceeds from equity financings, including the two (2) public offerings of our Common Stock described above and ~~Marketing~~the ~~Expenses~~private sales of our Common Stock to certain investors in transactions exempt from registration under the Securities Act; (ii) the Term Loan for $7.5 million described above; and (iii) revenues generated from our operations. As of March 31, 2023, the Company had $1,280,180 in cash and cash equivalents. As of the date of this Report, we do not believe that we have sufficient capital to finance our operating expenses for the remainder of this fiscal year and the Company is actively seeking new sources of capital.

~~Selling~~Capital and marketing expenses for the nine months ended September 30, 2022 were $244,226, representing a decrease of $12,903, or 5.28%, over the expenses incurred in the nine months ended September 30, 2021 of $257,129. The decrease is due to a change in the advertising plan now targeted at renting new vehicles added to the platform.Resources

~~General~~During the three months ended March 31, 2023, the Company had capital expenditures of $260,368 in leased vehicles. At March 31, 2023, approximately 70% of the Company’s vehicles were financed with leases. At March 31, 2023 the Company had $27,795,646 of rental vehicles, net accumulated depreciation in the amount of $7,755,294, totaling $20,040,352 in net rental vehicles. At December 31, 2022 the Company had $27,702,758 of rental vehicles, net accumulated depreciation in the amount of $7,001,331, totaling $20,701,427 in net rental vehicles. The Company’s rental vehicles are depreciated over their estimated useful life of five years. The lease terms for those rental vehicles that are leased are generally for three years and ~~Administrative~~the ~~Expenses~~Company has the right to purchase the leased assets at the end of the lease terms.

~~General~~Additionally, ~~and~~the ~~administrative~~Company ~~expenses~~purchased $132,000 in kiosks for the ~~nine~~launch ~~months~~of ~~ended~~the ~~September~~Trek ~~30,~~World ~~2022,~~project ~~were~~in ~~$4,616,652,~~Illinois. ~~representing~~A contract is in place with Trek World to guarantee the costs of the kiosks through rental of the vehicles and a ~~decrease~~revenue share potential on the point-of-sale ~~$1,534,855,~~device ormerchant 33fees.~~25%,~~ ~~over~~Should Trek World terminate the ~~expenses~~rental ~~incurred~~agreements. Payment in full for the ~~nine~~$132,000 ~~months~~is ~~ended~~to ~~September~~be ~~30,~~reimbursed ~~2021~~at termination of ~~$6,151,507~~the rentals from Trek World. The ~~decrease~~Company’s isrental ~~due~~vehicles toand ~~maintained~~kiosks ~~payroll,~~are depreciated over their estimated useful life of five years. The lease noterms ~~additional~~for ~~stock~~those ~~issued,~~rental ~~reduced~~vehicles ~~legal~~that ~~fees,~~are leased are generally for one to three years and ~~controlled~~the ~~administrative~~Company ~~expenses~~has the right to purchase the leased vehicle at the end of the lease terms.

~~Total~~Statement ~~Operating~~of ~~Expenses~~Cash Flows

~~Total~~Cash ~~operating~~Flows ~~expenses~~from ~~for~~Operating the nine months ended September 30, 2022 were $5,021,045, representing a decrease of $1,494,357, or 29.76%, compared to the expenses incurred in the nine months ended September 30, 2021 of $6,515,402. The decrease is due to maintained payroll, no additional stock issued, reduced legal fees, and controlled administrative expenses.Activities

~~Interest~~Net cash used in operating activities for the three months ended March 31, 2023 totaled $(170,488), which was an increase of $2,795,926 from the net cash provided by operating activities of $(2,966,414) for the same period in 2022. The increase is due to the final accrued settlement expense ~~and~~payable ~~financing~~over ~~cost~~three years of the Bellridge Capital warrant dispute.

~~Interest~~Cash ~~and~~Flows financing expenses for the nine months ended September 30, 2022 were $1,449,120 compared to $6,296,524 for the nine months ended September 30, 2021. The interest expense was for redemption and conversion of Series B Preferred Stock, note interest expense and vehicle lease financing interest expense. The decrease from ~~September~~Financing 30, 2021 was due to the non-recurring issuance of 825,000 shares of Common Stock to Acuitas Group Holdings, LLC, (“Acuitas”) which is the Company’s largest shareholder, in connection with a settlement agreement between Acuitas and X, LLC, a company owned by the Company’s former chief executive officer. The value of the shares was $3,240,600 which is based on the market price of the Common Stock at the grant date. The $3,240,600 was expensed as financing costs as the dispute underlying the settlement agreement related to an anti-dilution of a prior investment in the Company by Acuitas.Activities

Net ~~Loss~~cash provided by financing activities for the three months ended March 31, 2023 totaled $(252,274), which was a decrease of $12,288,160 from $12,062,195 for the same period in 2022. The change is principally due to the equity capital raise completed on January 6, 2022.

~~The~~Current ~~net~~Plan ~~loss for the nine months ended September 30, 2022 was $(4,218,772), representing an decrease~~ of $6,812,893 or 161.49% compared to net loss from the nine months ended September 30, 2021 of $(11,031,665). The increase is due to the reasons described above. The company is approaching positive EBITDA through the first nine months ended September 30, 2022, with negative EBITDA of $(644,096).Operations

~~Liquidity~~Our plan of operations is currently focused on the growth and ongoing development of our operating businesses: (i) the Rideshare Platform, ~~Capital~~offered ~~Resources~~through Rideshare, (ii) our vehicle fleet, which is commercially available through Distinct Cars, and ~~Plan~~(iii) our fleet management initiatives. We expect to incur substantial expenditures in the foreseeable future for the continuing operations of ~~Operations~~our businesses. We embarked on our EV strategy in 2021, in which we set a goal to replace our entire fleet of vehicles with all electric vehicles by 2026. At this time, we cannot reliably estimate the timing or aggregate amount of all of the costs associated with these efforts and, as of the date of this Report, we cannot continue to execute our EV strategy until such time as we have secured new sources of capital.

OnWe ~~November~~continually ~~15,~~reevaluate ~~2019,~~our plan of operations to determine how we ~~closed~~can most effectively utilize our ~~initial~~resources. ~~public~~The ~~offering~~completion of ~~Common~~any ~~Stock~~aspect of ~~registered~~our onplan anof ~~S-1~~operations ~~Registration~~is ~~Statement~~highly ~~under~~dependent upon the ~~Securities Act~~availability of cash to implement that aspect of the plan and other factors, several of which ~~was~~are ~~declared~~beyond ~~effective~~our oncontrol. ~~November~~There 13can be no assurance that our current capital resources will be adequate to continue to fund our ongoing operations, ~~2019.~~nor Wecan ~~sold~~there abe ~~total~~any ofassurance 2that,~~625~~ should we require additional capital,~~000~~ ~~common~~we ~~shares~~will successfully obtain it on favorable terms, or at aall. ~~price~~The potential inadequacy of ~~$4.00~~our ~~per~~existing ~~share.~~capital ~~Total~~or the inability to secure additional capital could have a material ~~gross~~adverse ~~proceeds~~effect ~~from~~on us, including the ~~offering~~possibility ~~were~~that ~~$10~~we would have to sell or forego a portion or all of our assets or cease operations. If we discontinue our operations,~~500,000,~~ ~~before~~we ~~deducting~~may ~~underwriting~~not ~~discounts~~have ~~and~~sufficient ~~commissions~~funds ~~and~~to ~~other~~pay ~~offering~~any ~~expenses~~amounts to our stockholders.

OnIf ~~January~~our 6,operating ~~2022~~businesses fail to achieve anticipated financial results, our existing capital will likely be depleted more quickly than we ~~closed~~anticipate aand ~~follow-on~~our ~~offering~~ability ofto ~~27,400,000~~raise ~~shares~~additional ofcapital ~~Common~~in ~~Stock~~the ~~for~~future $0to fund our operations would likely be seriously impaired.50 ~~per~~If in ~~share,~~the ~~for~~future ~~gross~~we ~~proceeds~~are ofnot ~~$13~~able to demonstrate favorable financial results or projections from our operating businesses,~~700,000~~ we may not be able to raise the capital we need to continue operations.

~~Subsequently,~~Our weworking ~~issued~~capital ~~6,310,000~~requirements ~~shares~~depend ofupon ~~common~~numerous ~~stock~~factors ~~for~~and ~~the~~there ~~conversion~~can ofbe ~~220,850~~no ~~shares~~assurance ofthat ~~Series~~our Bcurrent ~~Preferred~~cash ~~Stock~~resources will be sufficient to fund our short-term operations. ~~The~~We ~~remaining~~have ~~9,525~~determined ~~outstanding shares~~that our long-term operations will require new sources of ~~Series~~capital, Bwhich ~~Preferred~~we ~~Stock~~are actively ~~were~~working ~~redeemed~~to byobtain ~~the~~at ~~Company~~this time.

In addition, after the recent public offering and conversion of most of the Series B Preferred Stock, the two warrants issued to Energy Impact Credit Fund I, LP in 2021 for 450,000 shares and 900,000 shares of Common Stock, respectively, were subject to adjustment according to their terms. The warrant for 450,000 common shares has been adjusted to one for 711,656 common shares at an exercise price of $1.33 and the warrant for 900,000 common shares has been adjusted to one for 1,174,311 common shares at an exercise price of $0.71 per share.22

~~Current~~Because ~~Assets~~our working capital requirements depend upon numerous factors there can be no assurance that our current cash resources will be sufficient to fund our operations. At present, ~~Current~~we ~~Liabilities~~have no committed external sources of capital, and ~~Working~~do ~~Capital~~not expect any significant product revenues for the foreseeable future. Thus, we will require immediate additional financing to fund future operations. There can be no assurance, however, that we will be able to obtain funds on acceptable terms, if at all.

AtContractual ~~September 30~~Obligations, ~~2022,~~Commitments ~~the Company’s current assets totaled $5,117,946, current liabilities totaled $7,189,940,~~ and a working capital deficit of $(2,071,994). At December 31, 2021, the Company’s current assets totaled $4,077,934, current liabilities totaled $7,051,073, and working capital was a deficit of $(2,973,139).Contingencies

~~Regarding~~The ~~current~~Company ~~liabilities,~~periodically ~~the~~enters ~~amounts~~into ~~categorized~~a asseries ~~accounts~~of ~~payable,~~monthly ~~credit~~vehicle ~~cards~~leasing ~~and~~agreements ~~accrued~~with ~~expenses~~ACME ~~totaled~~Auto $1Leasing,~~874,868~~ ~~and~~Utica ~~$4,940,580 as~~Leasing ~~of September 30~~Company, ~~2022~~NFS ~~and December 31~~Financial Services, ~~2021,~~Liberty ~~respectively,~~Financial aand ~~decrease~~Spring ofFree ~~$3,065,712~~EV oreach ~~163.52%,~~with ~~due~~an ~~primarily~~approximate tolease ~~the~~term ~~reduction~~ of ~~accounts~~ ~~payable~~12 ~~and~~to ~~the~~60 ~~reduction of the legal settlement balance~~months.

~~Since~~The ~~inception,~~Company ~~our~~owes ~~principal~~monthly ~~sources~~payments ofunder ~~operating~~each ~~funds~~lease ~~have~~agreement ~~been~~ranging ~~proceeds~~ from ~~equity~~approximately ~~financing~~$285 per month to $1,150 ~~including~~per month. At the ~~sale~~end of the ~~our~~term ~~Common~~of ~~Stock to~~most ~~initial~~lease ~~investors~~agreements, ~~known~~we have the right to ~~management~~purchase ownership and ~~principal~~title ~~shareholders~~ of the ~~Company.~~subject Wevehicle dofor ~~expect~~a ~~that~~nominal ~~our~~payment. ~~current~~In addition, ~~cash~~the onlease ~~hand~~agreements toare ~~fund operations~~subject ~~for~~to ~~the~~and ~~balance~~secured ofby ~~2022.~~a Asgrant of ~~September~~a ~~30,~~purchase ~~2022,~~money ~~the~~security ~~Company~~interest ~~had~~on ~~$4,332,459~~each inleased ~~cash~~vehicle. ~~The~~We expect ~~Company~~the ~~used~~useful ~~$(7,691,035)~~life inof ~~cash from~~each ~~operating~~vehicle ~~activities~~to ~~for~~be ~~the~~approximately ~~nine~~five ~~months~~years ~~ended~~but ~~September~~also ~~30,~~expect ~~2022~~to cycle vehicles at three years.

~~Capital~~We ~~Expenditures~~lease and maintain our principal offices at 2301 N. Sepulveda Blvd. Manhattan Beach, CA 90266 where the majority of our operational staff conducts its activities on a day-to-day basis. The lease expires January 2024 with a monthly lease payment of $16,000. We do not currently own any real estate.

~~During~~Off-Balance ~~the~~Sheet nine months ended September 30, 2022, the Company had capital expenditures of $16,919,929 in leased vehicles. At September 30, 2022, approximately 80% of the Company’s vehicles were financed with leases. At September 30, 2022 the Company had $28,229,346 of rental vehicles, net of accumulated depreciation in the amount of $5,978,761, totaling $22,2050,585 in net rental vehicles. At December 31, 2021 the Company had $13,514,619 of rental vehicles, net of accumulated depreciation in the amount of $4,627,299, totaling $8,887,320 in net rental vehicles. The Company’s rental vehicles are depreciated over their estimated useful life of five years. The lease terms for those rental vehicles that are leased are generally for three years and the Company has the right to purchase the leased assets at the end of the lease terms.Arrangements

22The Company has no off-balance sheet arrangements.

~~Statement~~Quantitative ofand ~~Cash~~Qualitative ~~Flows~~Disclosures about Market Risk

~~Cash~~In ~~Flows~~the ordinary course of our business, we are not exposed to market risk of the sort that may arise from ~~Operating~~changes ~~Activities~~in interest rates or foreign currency exchange rates, or that may otherwise arise from transactions in derivatives.

~~Net~~Critical ~~cash~~Accounting ~~provided~~Policies from operating activities for the nine months ended September 30, 2022 totaled $(7,691,035), which was a decrease of $6,236,841 from the net cash provided by operating activities of $(1,454,194) for the same period in 2021. The decrease is principally due to the reduction in accounts payable following the equity capital raise in January 2022, decrease in accrued expense, and ~~purchase of new vehicles.~~Estimates

~~Cash~~Our ~~Flows~~consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States, or U.S. GAAP. Preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable. In many instances, we could have reasonably used different accounting estimates and in other instances changes in the accounting estimates are reasonably likely to occur from ~~Financing~~period ~~Activities~~to period. This applies in particular to useful lives of non-current assets and valuation allowance for deferred tax assets. Actual results could differ significantly from our estimates. To the extent that there are material differences between these estimates and actual results, our future financial statement presentation, financial condition, results of operations and cash flows will be affected. We believe that the accounting policies discussed below are critical to understanding our historical and future performance, as these policies relate to the more significant areas involving our judgments and estimates.

~~Net~~There ~~cash~~is ~~provided~~one bymaterial ~~financing~~deviation ~~activities~~from ~~for~~GAAP ~~the~~related ~~nine~~to ~~months~~ASC ~~ended~~842. ~~September~~The ~~30,~~lease ~~2022~~balances ~~totaled~~presented ~~$10,196,566,~~represent ~~which~~remaining ~~was~~principal anbalances ~~increase~~ of ~~$5,227,999~~each lease ~~from~~as $4of December 31,~~968,567~~ ~~for~~2022. The disclosure identifies the ~~same~~future ~~period~~interest inpayments ~~2021~~to represent the full lease payment obligations. The current ~~change~~treatment is ~~principally~~a ~~due~~material todeviation ~~the~~from ~~equity~~GAAP ~~capital~~and ~~raise~~ASC ~~completed~~842 onbut ~~January~~consistent 6,with ~~2022~~prior ~~and~~year treatment. An ASC 842 study is planned ~~financing~~for of2023 ~~new~~and ~~vehicles~~the Company expects to modify and adjust to comply with ASC 842 by fiscal year end 2023.

~~Current~~Property ~~Plan~~and ofEquipment ~~Operations~~and Rental Vehicles

~~Our~~Property ~~plan~~and ofEquipment ~~operations~~and isRental ~~currently~~Vehicles ~~focused~~are onstated ~~the~~at ~~growth~~cost. ~~and~~Expenditures ~~ongoing~~for ~~development~~maintenance ofand ~~our~~repairs ~~operating~~are ~~businesses:~~charged ~~(i)~~to ~~the~~earnings ~~Rideshare~~as ~~Platform~~incurred; additions, ~~offered~~renewals ~~through Rideshare,~~ and ~~(ii)~~betterments ~~our~~are ~~vehicle~~capitalized. ~~fleet,~~When ~~which~~equipment is ~~commercially~~retired ~~available~~or ~~through~~otherwise ~~Distinct~~disposed ~~Cars.~~of, Wethe ~~expect~~related tocost ~~incur~~and ~~substantial~~accumulated depreciation ~~expenditures~~are inremoved ~~the~~from ~~foreseeable future for~~ the ~~continuing~~respective ~~operations of our businesses. Moreover~~accounts, weand ~~have~~any ~~embarked~~gain onor ~~our~~loss EVis ~~strategy,~~ included in ~~which~~operations. weDepreciation ~~intend to replace our entire fleet~~ of ~~vehicles~~equipment ~~with~~and ~~all~~rental ~~electric~~ vehicles is byprovided ~~2024.~~using ~~At this time, we cannot reliably estimate~~ the ~~timing~~straight-line ormethod ~~aggregate~~for ~~amount~~substantially of all ofassets ~~the~~with ~~costs~~estimated ~~associated~~lives ~~with~~as ~~these efforts.~~follows:

Although, as we state above, we believe we have sufficient working capital to finance our operations in fiscal 2022 and to execute the 2022 phase of our EV strategy, it is possible that our expansion plan may require us to raise significant additional capital within a short period of time.

	Computer equipment	5 years
	Officer furniture	7 years
	Leasehold improvements	15 years or term of lease whichever is less
	Vehicles	5 years

~~We continually reevaluate our plan of operations to determine how we can most effectively utilize our resources.~~ The ~~completion of any aspect~~ ofCompany ~~our~~has ~~plan~~not ofchanged ~~operations~~its isestimate ~~highly~~for ~~dependent upon~~ the ~~ready~~useful ~~availability~~lives of ~~cash~~its toequipment ~~implement that aspect of the plan~~ and ~~other~~rental ~~factors~~vehicles, ~~several~~ ofbut ~~which~~would ~~are~~expect ~~beyond our control. There can be no assurance~~ that ~~our~~a ~~current~~decrease ~~capital~~in ~~resources will be adequate to continue to~~the ~~fund~~estimated ~~our~~useful ~~ongoing~~lives ~~operations,~~of ~~nor~~equipment ~~can~~and ~~there~~rental bevehicles ~~any~~of ~~assurance~~one ~~that,~~year ~~should~~would weresult ~~require~~in ~~additional~~an ~~capital,~~annual weincrease ~~will~~to ~~successfully~~depreciation ~~obtain~~expense ~~it on favorable terms, or at all. The potential inadequacy~~ of ~~our existing capital or the inability to secure additional capital could have~~approximately a$675,000, ~~material~~and ~~adverse~~an ~~effect~~increase onin ~~us, including~~ the ~~possibility~~estimated ~~that~~useful welives ~~would~~of ~~have~~equipment toand ~~sell~~rental orvehicles ~~forego a portion or all~~ of ~~our~~one ~~assets~~year orwould ~~cease operations.~~result Ifin wean ~~discontinue~~annual ~~our operations, we may not have sufficient funds~~ decrease to ~~pay~~depreciation ~~any~~expense ~~amounts~~of toapproximately ~~our stockholders~~$450,000.

If our operating businesses fail to achieve anticipated financial results, our existing capital will likely be depleted more quickly than we anticipate and our ability to raise additional capital in the future to fund our operations would likely be seriously impaired. If in the future we are not able to demonstrate favorable financial results or projections from our operating businesses, we may not be able to raise the capital we need to continue operations.23

~~Similarly,~~Income ~~because our working capital requirements depend upon numerous factors there can be no assurance that our current cash resources will be sufficient to fund our operations.~~Taxes

23The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes. ASC 740 requires a company to use the asset and liability method of accounting for income taxes, whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of, the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Company has not changed it methodology for estimating the valuation allowance. A change in valuation allowance affect earnings in the period the adjustments are made and could be significant due to the large valuation allowance currently established.

~~Because~~Under ~~our~~ASC ~~working~~740, ~~capital~~a ~~requirements~~tax ~~depend~~position ~~upon~~is ~~numerous~~recognized ~~factors~~as ~~there~~a ~~can~~benefit beonly noif ~~assurance~~it ~~that~~is ~~our~~“more ~~current~~likely ~~cash~~than ~~resources~~not” ~~will~~that the tax position would be ~~sufficient~~sustained toin ~~fund~~a ~~our~~tax ~~operations.~~examination, Atwith ~~present,~~a wetax ~~have~~examination nobeing ~~committed~~presumed ~~external~~to ~~sources~~occur. ofThe ~~capital,~~amount ~~and~~recognized dois ~~not~~the ~~expect~~largest ~~any~~amount ~~significant~~of ~~product~~tax ~~revenues~~benefit that ~~for~~is ~~the~~greater ~~foreseeable~~than ~~future.~~50% ~~Thus,~~likely weof ~~will~~being ~~require~~realized ~~immediate~~on ~~additional~~examination. ~~financing~~For totax ~~fund~~positions ~~future~~not ~~operations.~~meeting ~~There~~the ~~can~~“more belikely nothan ~~assurance~~not” test, ~~however,~~no ~~that~~tax webenefit ~~will~~is berecorded. ~~able~~The toadoption ~~obtain~~had ~~funds~~no effect on ~~acceptable~~the ~~terms,~~Company’s ifconsolidated atfinancial ~~all~~statements.

~~Off-Balance~~Revenue ~~Sheet Arrangements~~Recognition

The Company ~~has~~recognizes norevenue ~~off-balance~~primarily ~~sheet~~from ~~arrangements~~renting its fleet of cars to drivers for TNC companies, such as Uber and Lyft, based on their rental agreements which are generally administered on a weekly basis. The Company recognizes revenue in accordance with FASB ASC 606, Revenue From Contracts with Customers.

~~Quantitative~~We consider a signed contract or other similar documentation reflecting the terms and ~~Qualitative~~conditions ~~Disclosures~~under ~~about~~which ~~Market~~products ~~Risk~~will be provided to be persuasive evidence of an arrangement. Collectability is assessed based on a number of factors, including payment history and the creditworthiness of a customer. If it is determined that collection is not reasonably assured, revenue is not recognized until collection becomes reasonably assured, which is generally upon receipt of cash.

InStock-Based the ordinary course of our business, we are not exposed to market risk of the sort that may arise from changes in interest rates or foreign currency exchange rates, or that may otherwise arise from transactions in derivatives.Compensation

~~Critical~~The ~~Accounting~~Company ~~Policies~~records stock-based compensation in accordance with FASB ASC Topic 718, Compensation – Stock Compensation. FASB ASC Topic 718 requires companies to measure compensation cost for stock-based employee compensation at fair value at the grant date and recognize ~~Estimates~~the expense over the employee’s requisite service period. The Company recognizes in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued to employees and non-employees.

Our consolidated financial statements are prepared in accordance with GAAP. Preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses and related disclosures. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable. In many instances, we could have reasonably used different accounting estimates and in other instances changes in the accounting estimates are reasonably likely to occur from period to period. This applies in particular to useful lives of non-current assets and valuation allowance for deferred tax assets. Actual results could differ significantly from our estimates. To the extent that there are material differences between these estimates and actual results, our future financial statement presentation, financial condition, results of operations and cash flows will be affected. We believe that the accounting policies discussed below are critical to understanding our historical and future performance, as these policies relate to the more significant areas involving our judgments and estimates.Contingencies

~~Property~~Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management, in consultation with its legal counsel as appropriate, assesses such contingent liabilities, and ~~Equipment~~such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company, in consultation with legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates it is probable that a material loss has been incurred and ~~Rental~~the ~~Vehicles~~amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates a potentially material loss contingency is not probable, but is reasonably possible, or is probable, but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.

Property and Equipment and Rental Vehicles are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment and rental vehicles is provided using the straight-line method for substantially all assets with estimated lives as follows:24

	Computer equipment	5 years
	Officer furniture	7 years
	Leasehold improvements	15 years or term of lease whichever is less
	Vehicles	5 years

Item 3. Quantitative and Qualitative Disclosures about Market Risk

~~The~~Not ~~Company~~required ~~has~~under ~~not~~Regulation ~~changed~~S-K ~~its estimate~~ for ~~the~~“smaller ~~useful~~reporting lives of its equipment and rental vehicles, but would expect that a decrease in the estimated useful lives of equipment and rental vehicles of one year would result in an annual increase to depreciation expense of approximately $600,000, and an increase in the estimated useful lives of equipment and rental vehicles of one year would result in an annual decrease to depreciation expense of approximately $400,000companies.”

24Item 4. Controls and Procedures

~~Income~~Evaluation ~~Taxes~~of Disclosure Controls and Procedures

~~The~~We ~~Company~~maintain ~~accounts~~a ~~for~~set ~~income~~of ~~taxes~~disclosure incontrols ~~accordance~~and ~~with~~procedures ~~ASC~~(as ~~740.~~that ~~ASC~~term ~~740~~is ~~requires~~defined ain ~~company~~Rule to13a-15(e) ~~use~~under the ~~asset~~Securities ~~and~~Exchange ~~liability~~Act ~~method~~ of ~~accounting~~ ~~for income taxes~~1934, ~~whereby~~as ~~deferred~~amended ~~tax~~[the ~~assets~~“Exchange ~~are~~Act”]). ~~recognized~~Disclosure ~~for~~controls ~~deductible temporary differences,~~ and ~~deferred~~procedures ~~tax liabilities~~ are ~~recognized for~~designed ~~taxable~~to ~~temporary~~ensure ~~differences.~~that ~~Temporary differences are the differences between the reported amounts of assets and liabilities and~~information ~~their~~required ~~tax~~to ~~bases.~~be ~~Deferred~~disclosed ~~tax~~in ~~assets~~our ~~are~~reports ~~reduced~~filed byor asubmitted ~~valuation~~under ~~allowance when, in~~ the ~~opinion~~Exchange ofAct ~~management, it~~ is ~~more~~recorded, ~~likely than not that some portion~~processed, orsummarized ~~all~~and ~~of,~~reported within the ~~deferred~~time ~~tax~~periods ~~assets~~specified ~~will~~by ~~not~~the ~~be realized~~SEC. ~~Deferred~~Disclosure ~~tax~~controls ~~assets~~ and ~~liabilities~~procedures are, ~~adjusted~~without ~~for the~~limitation, ~~effects~~also ofintended ~~changes~~to inensure that ~~tax~~such ~~laws~~information ~~and~~is ~~rates~~gathered onand ~~the~~communicated ~~date~~to ofmanagement, ~~enactment.~~including ~~The~~our ~~Company~~chief ~~has~~executive ~~not~~officer ~~changed~~(“CEO”) ~~it methodology for estimating the~~and ~~valuation~~chief ~~allowance.~~financial Aofficer ~~change~~(“CFO”), inor ~~valuation~~persons ~~allowance~~performing ~~affect~~similar ~~earnings~~functions, inas ~~the~~appropriate, ~~period~~to ~~the~~facilitate ~~adjustments~~timely ~~are made and could be significant~~decisions ~~due~~regarding torequired ~~the large valuation allowance currently established~~disclosure.

~~Under~~In ~~ASC~~accordance ~~740,~~with aRule ~~tax~~13a-15(b) ~~position~~under isthe ~~recognized~~Exchange Act, as aof ~~benefit~~the ~~only~~end ifof itthe isperiod ~~“more~~covered ~~likely~~by ~~than~~this ~~not”~~Report, ~~that~~an ~~the~~evaluation ~~tax~~was ~~position would be sustained~~carried inout aunder ~~tax~~the ~~examination,~~supervision and with athe ~~tax~~participation ~~examination~~of ~~being~~our ~~presumed~~management, toincluding ~~occur.~~our ~~The~~CEO ~~amount~~and ~~recognized~~CFO, isto assess the ~~largest~~effectiveness ~~amount~~ of ~~tax benefit that~~our isdisclosure ~~greater~~controls ~~than~~and ~~50%~~procedures ~~likely~~as of ~~being~~March ~~realized~~31, 2023. Based on ~~examination.~~that ~~For~~evaluation, ~~tax~~our ~~positions~~CEO ~~not~~and ~~meeting~~CFO ~~the~~have ~~“more~~concluded ~~likely~~that, ~~than~~at ~~not”~~March ~~test~~31, no2023, ~~tax~~such ~~benefit~~disclosure iscontrols ~~recorded.~~and ~~The~~procedures ~~adoption~~were ~~had~~not noeffective. ~~effect~~We elaborate on the ~~Company~~basis for this conclusion in the discussion contained in our “Management’s ~~consolidated~~Report ~~financial~~on ~~statements~~Internal Control over Financial Reporting” below.

~~Revenue~~Changes ~~Recognition~~in Internal Controls over Financial Reporting

~~The~~There ~~Company~~were ~~recognizes~~no ~~revenue~~changes ~~primarily~~in ~~from~~our ~~renting~~internal ~~its~~control ~~fleet~~over offinancial ~~cars~~reporting, toas ~~drivers~~defined ~~for~~in ~~TNC~~Rules ~~companies,~~13a-15(f) ~~such~~and as15d-15(f) ~~Uber~~under ~~and~~the ~~Lyft~~Exchange Act, during ~~based~~our onmost ~~their rental~~recently ~~agreements~~completed ~~which~~fiscal ~~are~~year ~~generally~~that ~~administered~~have onmaterially aaffected, ~~weekly~~or ~~basis.~~are ~~The~~reasonably ~~Company~~likely ~~recognizes~~to ~~revenue~~materially inaffect, ~~accordance~~our ~~with~~internal control ~~ASC~~over ~~606~~financial reporting.

WeLimitations consider a signed contract or other similar documentation reflecting the terms and conditions under which products will be provided to be persuasive evidence of an arrangement. Collectability is assessed based on ~~a number of factors, including payment history and~~ the ~~creditworthiness~~ ofEffectiveness ~~a customer. If it is determined that collection is not reasonably assured, revenue is not recognized until collection becomes reasonably assured, which is generally upon receipt~~ of ~~cash.~~Controls

~~Stock-Based~~Our ~~Compensation~~disclosure controls and procedures are designed to provide reasonable, not absolute, assurance that the objectives of our disclosure control system are met. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected. Our CEO and CFO have concluded, based on their evaluation as of the end of the fiscal quarter covered by this Report, that our disclosure controls and procedures were not effective as a result of a control issue described herein; however, it is possible that this evaluation failed to identify other control issues that would have reinforced this conclusion, and for which we have not yet initiated any remedial action.

The Company records stock-based compensation in accordance ASC 718. ASC 718 requires companies to measure compensation cost for stock-based employee compensation at fair value at the grant date and recognize the expense over the employeeManagement’s ~~requisite service period. The~~ ~~Company~~Report ~~recognizes~~on inInternal ~~the~~Control ~~statement~~over ofFinancial ~~operations the grant-date fair value of stock options and other equity-based compensation issued to employees and non-employees.~~Reporting

~~Contingencies~~As required by SEC rules and regulations for the implementation of Section 404 of the Sarbanes-Oxley Act, our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of our consolidated financial statements for external reporting purposes in accordance with GAAP. Our internal control over financial reporting includes those policies and procedures that:

Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management, in consultation with its legal counsel as appropriate, assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company, in consultation with legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims, as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates a potentially material loss contingency is not probable, but is reasonably possible, or is probable, but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss, if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed.

	(1)	pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of our company;

	(2)	provide reasonable assurance that transactions are recorded as necessary to permit preparation of consolidated financial statements in accordance with GAAP, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors; and

	(3)	provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the consolidated financial statements.

25Because of its inherent limitations, internal control over financial reporting may not prevent or detect errors or misstatements in our consolidated financial statements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree or compliance with the policies or procedures may deteriorate. Management assessed the effectiveness of our internal control over financial reporting at March 31, 2023. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission COSO (2013 framework). Based on those criteria, management determined that we did not maintain effective internal control over financial reporting at March 31, 2023.

~~Item 3. Quantitative and Qualitative Disclosures about Market Risk.~~25

~~Not~~Our ~~required~~management ~~for~~has ~~“smaller~~concluded that our internal control over financial reporting ~~companies~~contains a material weakness.” A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

~~Item~~We 4do not have sufficient segregation of duties within our accounting functions, which is a basic internal control. ~~Controls~~Due to our size and nature, ~~Procedures~~segregation of all conflicting duties may not always be possible and may not be economically feasible. However, to the extent possible, the initiation of transactions, the custody of assets, and the recording of transactions should be performed by separate individuals. Management weighed the impact of our failure to have a proper segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the resulting control deficiency represented a material weakness.

~~Evaluation~~To address this material weakness, management has implemented procedures to ensure that the financial statements balances included herein fairly present, in all material respects, our financial position, results of ~~Disclosure~~operations ~~Controls~~and cash flows for the periods presented. In 2021, the Company improved oversight relating to its accounting and ~~Procedures~~finance functions, but has yet to hire a sufficient number of additional accounting and finance staff to fully address the material weakness identified herein. Therefore, as of the date of this Report, this material weakness still exists and is the basis for our conclusion that our disclosure controls and procedures were, at March 31, 2023, and remain, not effective.

WePART ~~maintain~~II a– ~~set~~OTHER of disclosure controls and procedures (as defined in Rule 13a-15(d) of the Exchange Act) designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in rules and forms adopted by the SEC.INFORMATION

InItem accordance with Rule 13a-15(b) of the Exchange Act, as of the end of the period covered by this quarterly report on Form 10-Q, an evaluation was carried out under the supervision and with the participation of our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”), to assess the effectiveness of our disclosure controls and procedures as of September 30, 20221. ~~Based~~Legal upon that evaluation, our CEO and CFO concluded that our disclosure controls and procedures were not effective to provide reasonable assurance that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and is accumulated and communicated to our management, including the CEO and CFO, as appropriate to allow timely decisions regarding required disclosure due to a material weaknessProceedings.

AFor ~~material weakness is~~ a ~~deficiency,~~description ~~or a combination~~ of ~~deficiencies,~~the inpending ~~internal~~legal ~~control~~proceedings ~~over financial reporting, such~~ that ~~there~~could ~~is a~~be ~~reasonable possibility that a~~ material ~~misstatement~~to of the Company’s, ~~annual~~please orsee ~~interim~~Note ~~financial~~11- ~~statements will not be prevented or detected on a timely basis~~“Contingencies.”

WeItem ~~do not have sufficient segregation of duties within accounting functions, which is a basic internal control~~1A. ~~Due~~Risk ~~to our size and nature, segregation of all conflicting duties may not always be possible and may not be economically feasible~~Factors. However, to the extent possible, the initiation of transactions, the custody of assets and the recording of transactions should be performed by separate individuals. Management evaluated the impact of our failure to have segregation of duties on our assessment of our disclosure controls and procedures and has concluded that the control deficiency that resulted represented a material weakness.

ToNot ~~address~~required ~~this~~under ~~material~~Regulation ~~weakness,~~S-K management performed additional analyses and other procedures to ensure that the financial statements included herein fairly present, in all material respects, our financial position, results of operations and cash flows for ~~the~~“smaller ~~periods presented~~reporting companies.”

~~Changes~~Item in2. ~~Internal~~Unregistered ~~Controls~~Sales ~~over~~of ~~Financial~~Equity ~~Reporting~~Securities and Use of Proceeds

There were no changes in our internal control over financial reporting, as defined in Rules 13a-15(d) and 15d-15(f) under the Exchange Act, during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reportingNone.

26Item 3. Defaults Upon Senior Securities

~~PART II – OTHER INFORMATION~~None.

Item 14. ~~Legal~~Mine ~~Proceedings.~~Safety Disclosures

~~For~~Not ~~a description of the pending legal proceedings that could be material to the Company, please see Note 10- “Contingencies~~applicable.”

Item 1A5. ~~Risk~~Other ~~Factors.~~Information

~~Not required for “smaller reporting companies~~None.”

Item 26. ~~Unregistered Sales of Equity Securities and Use of Proceeds~~Exhibits.

None.

Exhibit		Description
31.1		Certification of the Chief Executive Officer pursuant to Rule 13a-14(a)
31.2		Certification of the Chief Financial Officer and Secretary pursuant to Rule 13a-14(a)
32.1		Certification of the Chief Executive Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of the Chief Financial Officer and Secretary furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*		Inline XBRL Instance Document
101.SCH*		Inline XBRL Taxonomy Schema
101.CAL*		Inline XBRL Taxonomy Calculation Linkbase
101.DEF*		Inline XBRL Taxonomy Definition Linkbase
101.LAB*		Inline XBRL Taxonomy Label Linkbase
101.PRE*		Inline XBRL Taxonomy Presentation Linkbase
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

~~Item 3. Defaults Upon Senior Securities.~~26

~~None.~~SIGNATURES

~~Item~~Pursuant 4.to ~~Mine~~the ~~Safety~~requirements ~~Disclosures~~of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Not applicable.

	EVMO, INC.
	(Registrant)

	By:	/s/ Stephen Sanchez
		Stephen Sanchez, Chief Executive Officer

		/s/ Ryan Saathoff
		Ryan Saathoff, Chief Financial Officer

	Date:	May 22, 2023

~~Item 5. Other Information.~~27

Effective as of August 9, 2022, Gregory Miller resigned as Chief Operating Officer of the Company, citing family obligations as his reason for doing so. No successor to Mr. Miller has been appointed as of the date of this quarterly report.

Item 6. Exhibits.

Exhibit		Description
31.1		Certification of the Chief Executive Officer pursuant to Rule 13a-14(a)
31.2		Certification of the Chief Financial Officer and Secretary pursuant to Rule 13a-14(a)
32.1		Certification of the Chief Executive Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of the Chief Financial Officer and Secretary furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*		Inline XBRL Instance Document
101.SCH*		Inline XBRL Taxonomy Schema
101.CAL*		Inline XBRL Taxonomy Calculation Linkbase
101.DEF*		Inline XBRL Taxonomy Definition Linkbase
101.LAB*		Inline XBRL Taxonomy Label Linkbase
101.PRE*		Inline XBRL Taxonomy Presentation Linkbase
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	EVMO, INC.
	(Registrant)
	By:	/s/ Stephen Sanchez
		Stephen Sanchez, Chief Executive Officer
		/s/ Ryan Saathoff
		Ryan Saathoff, Chief Financial Officer
	Date:	November 18, 2022

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