@matchbox20, Thanks, and yes it was you that initially made...

@matchbox20,
Thanks, and yes it was you that initially made comment regarding the increase in inventories.
AJstock then took your comment and ran with it, along with a pearler regarding AR.
Let's assume the "Inventories" relate specifically to completely built bikes ready for sale.
As at Dec 31 2020 the Co had $4,487,723 worth of bikes.
Then at June 30 2021 that number had increased to $10,029,800.
Therefore the maximum number of 2020 built bikes in stock would have been the figure at Dec31.
And that is assuming they didn't sell one unit. Do you really think that is what occurred?
There is however quite an increase in the level of inventory as at June 30 2021, which to me suggests they have been building stock in preparedness for a major launch or a large order.
For the record, I have taken the time to list the level of inventory detailed in the reports for the past 7 reporting periods. This clearly shows that the only anomaly is the most recent number which I have already pointed out does not indicate an oversupply of 2020 models.
We can also take as a given that inventory levels are going to increase as the company grows

1. June 21 $10,029,800
2. Dec 20 $4,487,723
3. June 20 $3,380,463
4. Dec 19 $4,367.766
5. June19 $4,542,614
6. Dec 18 $5,638,169
7. June18 $2,622,344

I'm happy to be corrected, but I would appreciate it if you could provide facts to back up your claim.
Until then we can only rely on and be guided by the information provided by the Co.