Twin Vee PowerCats, Co.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
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, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $1,431,578 | $7,491,123 |
| Restricted cash | 215,117 | 215,117 |
| Inventories, net | 2,492,741 | 2,516,760 |
| Prepaid expenses and other current assets | 227,781 | 196,141 |
| Deferred offering expenses | 30,000 | — |
| Note receivable, current portion | 500,000 | — |
| Total current assets | 4,897,217 | 10,419,141 |
| Property and equipment, net | 8,342,961 | 15,037,798 |
| Operating lease right of use asset, net | — | 390,686 |
| Note receivable less current portion, net of discount | 2,967,998 | — |
| Security deposit | 26,193 | 40,280 |
| Total Assets | $16,234,369 | $25,887,905 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $1,114,835 | $2,215,078 |
| Accrued liabilities | 714,248 | 794,253 |
| Contract liabilities | 395,932 | 80,000 |
| Finance lease liabilities | 19,498 | 221,929 |
| Operating lease liabilities | — | 436,730 |
| Total current liabilities | 2,244,513 | 3,747,990 |
| Economic Injury Disaster Loan | 499,900 | 499,900 |
| Finance lease liabilities - noncurrent | 22,145 | 2,423,165 |
| Total Liabilities | 2,766,558 | 6,671,055 |
| Commitments and contingencies (Note 11) | ||
| 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; 2,237,299 and 1,487,445 issued and outstanding at December 31, 2025 and 2024, respectively | 2,237 | 1,487 |
| Additional paid-in capital | 47,465,802 | 44,608,318 |
| Accumulated deficit | (34,000,228) | (25,392,955) |
| Total stockholders’ equity | 13,467,811 | 19,216,850 |
| Total Liabilities and Stockholders’ Equity | $16,234,369 | $25,887,905 |
All share numbers have been retrospectively adjusted for the one-for-ten reverse stock split effective April 7, 2025.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.