Twin Vee PowerCats, Co.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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FY2024 · Filed Mar 20, 2025
VEEE$7.86-5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $7,491,123 | $16,497,703 |
| Restricted cash | 215,117 | 257,530 |
| Accounts receivable | — | 80,160 |
| Marketable securities | — | 4,462,942 |
| Inventories, net | 2,516,760 | 4,884,761 |
| Prepaid expenses and other current assets | 196,141 | 463,222 |
| Total current assets | 10,419,141 | 26,646,318 |
| Property and equipment, net | 15,037,798 | 12,293,988 |
| Operating lease right of use asset, net | 390,686 | 854,990 |
| Security deposit | 40,280 | 51,417 |
| Total Assets | $25,887,905 | $39,846,713 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $2,215,078 | $2,399,026 |
| Accrued liabilities | 794,253 | 1,075,512 |
| Contract liabilities | 80,000 | 44,195 |
| Finance lease liabilities | 221,929 | 214,715 |
| Operating lease liabilities | 436,730 | 482,897 |
| Total current liabilities | 3,747,990 | 4,216,345 |
| Economic Injury Disaster Loan | 499,900 | 499,900 |
| Finance lease liabilities - noncurrent | 2,423,165 | 2,644,123 |
| Operating lease liabilities - noncurrent | — | 436,730 |
| Total Liabilities | 6,671,055 | 7,797,098 |
| Commitments and contingencies (Note 12) | ||
| 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; 14,874,480 and 9,520,000 shares issued and outstanding at December 31, 2024 and 2023, respectively | 14,874 | 9,520 |
| Additional paid-in capital | 44,594,930 | 37,848,657 |
| Accumulated deficit | (25,392,955) | (14,346,984) |
| Equity attributed to stockholders of Twin Vee PowerCats Co, Inc. | 19,216,849 | 23,511,193 |
| Equity attributable to noncontrolling interests | — | 8,538,422 |
| Total stockholders’ equity | 19,216,849 | 32,049,615 |
| Total Liabilities and Stockholders’ Equity | $25,887,905 | $39,846,713 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.