Kandi's quarterly profit fell from $26 million in last year's final quarter to $15 million in the first quarter this year, indicating a possible downward trend in revenue. Much of the sales came from ATVs and go-carts, so banking on this company for EV prospects is a very dangerous game. Furthermore, the firm is due to pay $25 million by the end of June in payables and short-term debt. That's a lot of money for a company with just $65 million in revenue last year, and could result in a loss by the end of this year. The firm only made $6 million in profits in 2012.