The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -8,607,273 |
| Stock based compensation | 303,133 |
| Depreciation and amortization | 1,734,230 |
| Impairment of property & equipment | 418,416 |
| Loss on lease termination | -57,903 |
| Loss on sale of property & equipment | -133,015 |
| Amortization of right-of-use asset | 390,686 |
| Change in inventory reserve | 90,688 |
| Inventories | 66,669 |
| Prepaid expenses and other current assets | 31,640 |
| Accounts payable | -1,100,243 |
| Accrued liabilities | -80,005 |
| Operating lease liabilities | -436,730 |
| Contract liabilities | 315,932 |
| Net cash used in operating activities | -6,878,557 |
| Security deposit | -14,087 |
| Proceeds from sale of property & equipment | 552,478 |
| Purchase of property and equipment | 2,157,199 |
| Net cash used in investing activities | -1,590,634 |
| 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 |
| Net cash provided by (used in) financing activities | 2,409,646 |
| Net change in cash, cash equivalents and restricted cash | -6,059,545 |
| Cash, cash equivalents and restricted cash at beginning of the period | 7,706,240 |
| Cash, cash equivalents and restricted cash at end of the period | 1,646,695 |
Twin Vee PowerCats, Co. (VEEE)
Twin Vee PowerCats, Co. (VEEE)