Twin Vee PowerCats, Co. (VEEE)
Twin Vee PowerCats, Co. (VEEE)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 5,456,639 | 1,431,578 | 2,704,571 | 5,961,668 |
| Restricted cash | 215,117 | 215,117 | 215,117 | 215,117 |
| Accounts receivable | 583,292 | NaN | 312,993 | NaN |
| Inventories, net | 2,554,853 | 2,492,741 | 2,462,141 | 2,681,000 |
| Prepaid expenses and other current assets | 287,433 | 227,781 | 251,242 | 200,640 |
| Deferred offering expenses | NaN | 30,000 | 151,088 | NaN |
| Assets held for sale, net | NaN | NaN | 3,956,623 | 4,334,523 |
| Note receivable, current portion | 500,000 | 500,000 | NaN | NaN |
| Total current assets | 9,597,334 | 4,897,217 | 10,053,775 | 13,392,948 |
| Property and equipment, net | 7,984,461 | 8,342,961 | 8,716,923 | 8,743,265 |
| Operating lease right of use asset, net | 2,641,100 | NaN | 97,819 | 195,540 |
| Note receivable less current portion, net of discount | 2,967,998 | 2,967,998 | NaN | NaN |
| Security deposit | 26,193 | 26,193 | 26,193 | 26,193 |
| Total assets | 23,217,086 | 16,234,369 | 18,894,710 | 22,357,946 |
| Accounts payable | 1,507,282 | 1,114,835 | 1,410,071 | 2,025,155 |
| Accrued liabilities | 1,056,649 | 714,248 | 599,044 | 926,605 |
| Contract liabilities | 210,800 | 395,932 | 297,887 | 12,500 |
| Finance lease liabilities | 18,482 | 19,498 | 20,497 | 21,038 |
| Operating lease liabilities | 438,821 | NaN | 109,329 | 218,560 |
| Total current liabilities | 3,232,034 | 2,244,513 | 2,436,828 | 3,203,858 |
| Economic injury disaster loan | 499,900 | 499,900 | 499,900 | 499,900 |
| Finance lease liabilities - noncurrent | 17,859 | 22,145 | 26,362 | 30,952 |
| Operating lease liabilities - noncurrent | 2,218,810 | NaN | NaN | NaN |
| Total liabilities | 5,968,603 | 2,766,558 | 2,963,090 | 3,734,710 |
| Common stock 50,000,000 authorized 0.001 par value 529,330 and 60,468 issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 529 | 2,237 | 2,237 | 2,237 |
| Additional paid-in capital | 53,342,460 | 47,465,802 | 47,342,162 | 47,278,265 |
| Accumulated deficit | -36,094,506 | -34,000,228 | -31,412,779 | -28,657,266 |
| Total stockholders equity | 17,248,483 | 13,467,811 | 15,931,620 | 18,623,236 |
| Total liabilities and stockholders equity | 23,217,086 | 16,234,369 | 18,894,710 | 22,357,946 |