Twin Vee PowerCats, Co.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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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.
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Consolidated Statements of Operations
| Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Net sales | $14,819,130 | $14,388,517 |
| Cost of products sold (excluding depreciation & amortization) | 13,562,025 | 15,139,942 |
| Gross profit (loss) | 1,257,105 | (751,425) |
| Operating expenses: | ||
| Selling, general and administrative | 2,502,402 | 3,095,868 |
| Salaries and wages | 4,325,348 | 4,906,819 |
| Professional fees | 867,090 | 1,669,474 |
| Impairment of property & equipment | 418,416 | 1,674,000 |
| Loss on lease termination | 57,903 | — |
| Loss on sale of property & equipment | 133,015 | 172,684 |
| Gain on sale of R&D assets | — | (50,097) |
| Depreciation and amortization | 1,734,230 | 1,745,217 |
| Research and development | — | 586,379 |
| Total operating expenses | 10,038,404 | 13,800,344 |
| Loss from operations | (8,781,299) | (14,551,769) |
| Other income (expense): | ||
| Dividend income | — | 510,099 |
| Other income | 56,612 | 63,391 |
| Interest expense | (81,229) | (222,594) |
| Interest income | 198,643 | 150,553 |
| Realized gain on marketable securities | — | 40,414 |
| Total other income | 174,026 | 541,863 |
| Loss before income tax | (8,607,273) | (14,009,906) |
| Income tax provision | — | — |
| Net loss | (8,607,273) | (14,009,906) |
| Less: Net loss attributable to noncontrolling interests | — | (2,963,935) |
| Net loss attributed to stockholders of Twin Vee PowerCats Co, Inc. | $(8,607,273) | $(11,045,971) |
| Basic and diluted loss per share of common stock | $(4.37) | $(11.01) |
| Weighted average number of shares of common stock outstanding | 1,968,121 | 1,003,204 |
All share numbers have been retrospectively adjusted for the one-for-ten reverse stock split effective April 7, 2025.
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.