v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash, Cash Equivalents, and Restricted Cash $ 12,401,551 $ 23,501,007
Marketable Securities - Available for Sale 11,128,401 1,481,606
Accounts Receivable 508,506 14,167
Inventory 8,134,838 4,008,332
Prepaid Assets 550,275 882,417
Total Current Assets 32,723,571 29,887,529
Long-Term Assets:    
Property and Equipment, Net 10,053,347 5,535,902
Security Deposits 49,167 32,517
Marketable Securities, Non-Current 476,597 1,445,912
ROU Lease Asset 974,101 1,329,620
Total Long-Term Assets 11,553,212 8,343,951
Total Assets 44,276,783 38,231,480
Current Liabilities:    
Accounts Payable 3,633,807 2,065,680
Accrued Expenses 965,514 1,240,769
Contract Liabilities 14,259 5,300
ROU Lease Liability - S/T Portion 499,957 479,314
Financed Lease Liability - S/T Portion 213,118
Total Current Liabilities 5,326,655 3,791,063
Long-Term Liabilities:    
Economic Injury Disaster Loan 499,900 499,900
ROU Lease Liability 540,460 919,628
Financed Lease Liability 2,698,659
Total Long-Term Liabilities 3,739,019 1,419,528
Total Liabilities 9,065,674 5,210,591
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Preferred Stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding
Common Stock: 50,000,000 authorized; $0.001 par value; 9,520,000 shares issued and outstanding 9,520 9,520
Additional Paid in Capital 37,382,793 35,581,022
Accumulated Deficit (11,517,958) (7,154,808)
Equity Attributable to Stockholders of Twin Vee Powercats Co. 25,874,355 28,435,734
Equity Attributable to Non-controlling Interests 9,336,754 4,585,155
Total Stockholders' Equity 35,211,109 33,020,889
Total Liabilities & Stockholders' Equity $ 44,276,783 $ 38,231,480

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