For the quarter ending 2025-09-30, VEEE has $18,894,710 in assets. $2,963,090 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 2,704,571 | 5,961,668 | ||
| Restricted cash | 215,117 | 215,117 | ||
| Accounts receivable | 312,993 | - | ||
| Inventories, net | 2,462,141 | 2,681,000 | ||
| Prepaid expenses and other current assets | 251,242 | 200,640 | ||
| Deferred offering costs | 151,088 | - | ||
| Assets held for sale, net | 3,956,623 | 4,334,523 | ||
| Total current assets | 10,053,775 | 13,392,948 | ||
| Property and equipment, net | 8,716,923 | 8,743,265 | ||
| Operating lease right of use asset, net | 97,819 | 195,540 | ||
| Security deposit | 26,193 | 26,193 | ||
| Total assets | 18,894,710 | 22,357,946 | ||
| Accounts payable | 1,410,071 | 2,025,155 | ||
| Accrued liabilities | 599,044 | 926,605 | ||
| Contract liabilities | 297,887 | 12,500 | ||
| Finance lease liabilities | 20,497 | 21,038 | ||
| Operating lease liabilities | 109,329 | 218,560 | ||
| Total current liabilities | 2,436,828 | 3,203,858 | ||
| Economic injury disaster loan | 499,900 | 499,900 | ||
| Finance lease liabilities - noncurrent | 26,362 | 30,952 | ||
| Total liabilities | 2,963,090 | 3,734,710 | ||
| Common stock 50,000,000 authorized 0.001 par value 2,237,299 and 1,487,445 issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 2,237 | 2,237 | ||
| Additional paid-in capital | 47,342,162 | 47,278,265 | ||
| Accumulated deficit | -31,412,779 | -28,657,266 | ||
| Total stockholders equity | 15,931,620 | 18,623,236 | ||
| Total liabilities and stockholders equity | 18,894,710 | 22,357,946 | ||
Twin Vee PowerCats, Co. (VEEE)
Twin Vee PowerCats, Co. (VEEE)