Polar Power, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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

Stock Options (Details Narrative)

v3.21.1

Stock Options (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Jul. 08, 2016
Total outstanding options fully vested	140,000	140,000
Outstanding intrinsic value	$ 1,200
December 2027 [Member]
Option share to be expire	30,000
April 2028 [Member]
Option share to be expire	110,000
Minimum [Member]
Options exercise price	$ 4.84	$ 4.84
Maximum [Member]
Options exercise price	$ 5.09	$ 5.09
Polar Power 2016 Omnibus Incentive Plan [Member]
Number of shares authorized			1,754,385
Maximum number of shares available for issuance			350,877

- Definition

Number of shares authorized for issuance under share-based payment arrangement.

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- Definition

The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.

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- Definition

Number of options or other stock instruments for which the right to exercise has lapsed under the terms of the plan agreements.

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Amount by which the current fair value of the underlying stock exceeds the exercise price of options outstanding.

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Number of fully vested and expected to vest options outstanding that can be converted into shares under option plan. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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Weighted-average exercise price, at which grantee can acquire shares reserved for issuance, for fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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