Twin Vee PowerCats, Co.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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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$7.44-5.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
|---|---|---|
| Year ended | ||
| 2025 | 2024 | |
| Cash Flows From Operating Activities | ||
| Net loss | $(8,607,273) | $(14,009,906) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock based compensation | 303,133 | 1,177,140 |
| Depreciation and amortization | 1,734,230 | 1,745,217 |
| 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) |
| Amortization of right-of-use asset | 390,686 | 464,304 |
| Change in inventory reserve | 90,688 | (285,584) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | 80,160 |
| Inventories | (66,669) | 2,703,682 |
| Prepaid expenses and other current assets | (31,640) | 267,081 |
| Accounts payable | (1,100,243) | (183,947) |
| Accrued liabilities | (80,005) | (281,259) |
| Operating lease liabilities | (436,730) | (482,897) |
| Contract liabilities | 315,932 | 35,805 |
| Net cash used in operating activities | (6,878,557) | (6,973,617) |
| Cash Flows From Investing Activities | ||
| Security deposit | 14,087 | 11,137 |
| Realized gain on sale of marketable securities, available for sale | — | (40,414) |
| Net sales of investment in marketable securities | — | 4,503,356 |
| Proceeds from sale of property & equipment | 552,478 | 6,000 |
| Purchase of property and equipment | (2,157,199) | (6,341,711) |
| Net cash used in investing activities | (1,590,634) | (1,861,632) |
| Cash Flows From Financing Activities | ||
| Proceeds from issuance of common stock, net of fees of $444,899 | 2,555,101 | — |
| Deferred offering costs | (30,000) | — |
| Finance lease payments | (115,455) | (213,744) |
| Net cash provided by (used in) financing activities | 2,409,646 | (213,744) |
| Net change in cash, cash equivalents and restricted cash | (6,059,545) | (9,048,993) |
| Cash, cash equivalents and restricted cash at beginning of the period | 7,706,240 | 16,755,233 |
| Cash, cash equivalents and restricted cash at end of the period | $1,646,695 | $7,706,240 |
| Supplemental Cash Flow Information | ||
| Cash paid for interest | $347,749 | $435,161 |
| Non-Cash Investing and Financing Activities | ||
| Sale of building in exchange for note receivable | $3,750,000 | — |
| Reconciliation to the Consolidated Balance Sheets | ||
| Cash and cash equivalents | $1,431,578 | $7,491,123 |
| Restricted cash | 215,117 | 215,117 |
| Total cash, cash equivalents and restricted cash | $1,646,695 | $7,706,240 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.