Twin Vee PowerCats Co
For the period ended Dec 31, 2023. Filed Mar 27, 2024.
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FY2023 · Filed Mar 27, 2024
VEEE$7.86-5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| CONSOLIDATED BALANCE SHEETS | ||
|---|---|---|
| December 31, | December 31, | |
| 2023 | 2022 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $16,497,703 | $23,501,007 |
| Restricted cash | 257,530 | — |
| Accounts receivable | 80,160 | 14,167 |
| Marketable securities | 4,462,942 | 1,481,606 |
| Inventories, net | 4,884,761 | 4,008,332 |
| Prepaid expenses and other current assets | 463,222 | 882,417 |
| Total current assets | 26,646,318 | 29,887,529 |
| Marketable securities - non current | — | 1,445,912 |
| Property and equipment, net | 12,293,988 | 5,535,902 |
| Operating lease right of use asset | 854,990 | 1,329,620 |
| Security deposit | 51,417 | 32,517 |
| Total Assets | $39,846,713 | $38,231,480 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities: | ||
| Accounts payable | $2,399,026 | $2,065,680 |
| Accrued liabilities | 1,075,512 | 1,240,769 |
| Contract liabilities | 44,195 | 5,300 |
| Finance lease liability | 214,715 | — |
| Operating lease right of use liability | 482,897 | 479,314 |
| Total current liabilities | 4,216,345 | 3,791,063 |
| Economic Injury Disaster Loan | 499,900 | 499,900 |
| Finance lease liability - noncurrent | 2,644,123 | — |
| Operating lease liability - noncurrent | 436,730 | 919,628 |
| Total Liabilities | 7,797,098 | 5,210,591 |
| Commitments and contingencies (Note 13) | — | — |
| Stockholders' equity: | ||
| Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding | — | — |
| Common stock: 50,000,000 authorized; $0.001 par value; 9,520,000 shares issued and outstanding | 9,520 | 9,520 |
| Additional paid-in capital | 37,848,657 | 35,581,022 |
| Accumulated deficit | (14,346,984) | (7,154,808) |
| Equity attributed to stockholders of Twin Vee PowerCats Co, Inc. | 23,511,193 | 28,435,734 |
| Equity attributable to noncontrolling interests | 8,538,422 | 4,585,155 |
| Total stockholders’ equity | 32,049,615 | 33,020,889 |
| Total Liabilities and Stockholders' Equity | $39,846,713 | $38,231,480 |
TWIN VEE POWERCATS CO. AND SUBSIDIARIES
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.