Business Context and Reporting Period
This Form 8-K is filed by AMP Holding Inc. (not Workhorse Group Inc.) for the reporting period ending March 7, 2014. The filing addresses the resolution of a specific debt obligation under Item 8.01 (Other Events).
Key Financial Metrics
- Debt Instrument: Promissory Note entered into on December 11, 2013, with JMJ Financial.
- Principal Amount: Up to $335,000 authorized.
- Funded Amount: $80,000.
- Outstanding Balance: Paid in full on March 7, 2014.
- Current Obligation: $0 (No further obligations to JMJ).
- Revenue, Profit, Cash Flow, Margins, Liquidity: The filing text does not provide a clear value for these metrics.
Material Changes
The material change reported is the full repayment of the outstanding balance on the Promissory Note with JMJ Financial. As of March 7, 2014, the Company has satisfied all obligations related to this specific note.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks beyond the specific event of debt repayment. No unusual items or contingencies are disclosed in this report.
Investor Verification Checklist
- Verify the registrant name is AMP Holding Inc. and not Workhorse Group Inc.
- Confirm the $80,000 funded amount was fully repaid as of March 7, 2014.
- Check subsequent filings for any new debt obligations or liquidity constraints.