Canoo Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Related Party Transactions (Details)

v3.21.1

Related Party Transactions (Details) $ in Thousands		12 Months Ended
Related Party Transactions (Details) $ in Thousands	Feb. 28, 2018 USD ($) item	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Lessee, Lease, Description [Line Items]
Percentage of escalation clause per annum	3.00%
Non-cash operating lease expense		$ 1,500	$ 1,400
Number of options to extend the lease term \| item	2
Commencing period	60 months
Operating lease right-of-use asset	$ 14,500	12,913	13,545
Incremental borrowing rate	7.90%
Operating lease liabilities	$ 14,500	$ 13,706	$ 14,100
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]		Accrued Liabilities, Current	Accrued Liabilities, Current
Weighted average remaining lease term		12 years 3 months 18 days	13 years 3 months 18 days
Maturities of operating lease liabilities
2021		$ 1,507
2022		1,553
2023		1,599
2024		1,647
2025		1,697
Thereafter		14,092
Total lease payments		22,095
Less: imputed interest		8,389
Present value of operating lease liabilities	$ 14,500	13,706	$ 14,100
Current portion of operating lease liabilities		444	368
Operating lease liabilities, net of current portion		13,262	13,706
Investor
Lessee, Lease, Description [Line Items]
Term of lease	15 years
Related party transaction amount		1,700	$ 1,700
Board of Directors Chairman [Member]
Lessee, Lease, Description [Line Items]
Related party transaction amount		$ 541

- Definition

Number of options to extend the lease term under the operating leases.

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Percentage of escalation clause per annum under operating lease.

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The incremental borrowing rate used to determine the lease liability under operating leases.

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Amount of lessee's undiscounted obligation for lease payment for operating lease.

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Amount of lessee's undiscounted obligation for lease payment for operating lease due after fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fifth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of lessee's undiscounted obligation for lease payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).

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Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.

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Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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Term of lessee's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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Amount of operating lease expense. Excludes sublease income.

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Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.

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Amount of lessee's right to use underlying asset under operating lease.

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Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.

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Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.

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