Twin Vee PowerCats, Co. (VEEE)
2025-06-30 | 2024-09-30 | 2024-06-30 | ||
|---|---|---|---|---|
| Net sales | 4,755,618 | 2,901,318 | 4,326,821 | |
| Cost of products sold (excluding depreciation & amortization) | 4,101,565 | 3,046,975 | 4,124,481 | |
| Gross profit | 654,053 | -145,657 | 202,340 | |
| Impairment charge | - | - | 1,674,000 | |
| Loss on sale of property & equipment | - | - | - | |
| Impairment of property & equipment | - | - | - | |
| Selling, general and administrative | 605,273 | 764,757 | 755,959 | |
| Salaries and wages | 1,055,103 | 1,145,568 | 1,199,348 | |
| Research and development | - | 89,403 | 344,784 | |
| Professional fees | 190,507 | 403,387 | 452,367 | |
| Loss on lease termination | -53,425 | - | - | |
| Depreciation and amortization | 425,551 | 440,458 | 434,958 | |
| Total operating expenses | 2,329,859 | 2,843,573 | 4,861,416 | |
| Loss from operations | -1,675,806 | -2,989,230 | -4,659,076 | |
| Gain on sale of r&d assets | - | 50,097 | - | |
| Loss on disposal of property & equipment | - | -172,684 | - | |
| Realized gain on marketable securities | - | - | - | |
| Other income (expense) | 1,609 | 480 | -6,029 | |
| Unrealized loss on marketable securities | - | 8,148 | 12,604 | |
| Interest expense | 19,556 | 57,034 | 54,938 | |
| Interest income | 39,682 | 99,418 | 5,302 | |
| Dividend income | - | 50,898 | 182,941 | |
| Total other income | 21,735 | -20,677 | 139,880 | |
| Loss before income tax | -1,654,071 | -3,009,907 | -4,519,196 | |
| Income taxes provision | - | - | - | |
| Net loss | -1,654,071 | -3,009,907 | -4,519,196 | |
| Less net loss attributable to noncontrolling interests | - | -497,742 | -1,573,495 | |
| Net loss attributed to stockholders of twin vee powercats co, inc | -1,654,071 | -2,512,165 | -2,945,701 | |
| Net income (loss) | - | -2,512,165 | -2,945,701 | |
| Basic loss per share of common stock | -0.87 | -0.26 | -0.31 | |
| Dilutive loss per share of common stock | -0.87 | -0.26 | -0.31 | |
| Weighted average number of shares of common stock outstanding basic | 1,899,533 | 9,520,000 | 9,520,000 | |
| Weighted average number of shares of common stock outstanding dilutive | 1,899,533 | 9,520,000 | 9,520,000 | |