Beam Global 2024年度报告

FORM10-K ☒Annual Report pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934For the fiscal year endedDecember 31, 2024 or ☐Transition Report pursuant to Section 13 or 15(d) of Securities Exchange Act of 1934For the transition period from __________ to __________ Commission File Number001-38868 Beam Global(Exact name of Registrant as specified in its charter) 26-1342810 (IRS Employer ID Number) 5660 Eastgate Dr.San Diego,California92121(858)799-4583(Address and telephone number of principal executive offices) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange 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 submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant 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 smallerreporting company, or an emerging growth company under Rule 12b-2 of the Exchange Act. See the definitions of “large acceleratedfiler,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying 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 has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262 (b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting and non-voting common stock held by nonaffiliates of the registrant as of June 30, 2024 (thelast business day of the registrant’s most recently completed second fiscal quarter) was approximately $65,075,516based upon theclosing price of $4.61 on the NASDAQ Capital Market on June 28, 2024. The number of registrant's shares of common stock, $0.001 par value, issuable and outstanding as of April 8, 2025, was15,494,852. TABLE OF CONTENTS PART I1ITEM 1Business2ITEM 1ARisk Factors18ITEM 1BUnresolved Staff Comments28ITEM 1CCybersecurity28ITEM 2Properties29ITEM 3Legal Proceedings29ITEM 4Mine Safety Disclosures29PART II30ITEM 5Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of EquitySecurities30ITEM 6[Reserved]30ITEM 7Management’s Discussion and Analysis of Financial Condition and Results of Operations30ITEM 7AQuantitative and Qualitative Disclosures About Market Risk37ITEM 8Financial Statements and Supplementary Data38ITEM 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure38ITEM 9AControls and Procedures38ITEM 9BOther Information40ITEM 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections40PART III41ITEM 10Directors, Executive Officers and Corporate Governance41ITEM 11Executive Compensation46ITEM 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters48ITEM 13Certain Relationships and Related Transactions, and Director Independence50ITEM 14Principal Accounting Fees and Services50PART IV51ITEM 15Exhibits and Financial Statement Schedules51ITEM 16Form 10-K Summary54i PART I References in this Report to “we,” “us,” “our,” the “Company” or “Beam” meansBeam Global, a Nev