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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net Sales $ 8,076,545 $ 8,812,021 $ 24,980,902 $ 23,217,634
Cost of Sales 5,541,314 5,477,947 17,061,354 14,001,994
Gross Profit 2,535,231 3,334,074 7,919,548 9,215,640
Operating Expenses:        
Selling, General, & Administrative 984,881 707,322 2,921,516 2,027,387
Salaries & Wages 3,661,654 2,891,863 10,438,595 7,938,954
Professional Fees 262,426 135,311 977,448 573,592
Research & Development 63,867 283,936 930,497 680,288
Depreciation & Amortization 341,826 172,602 844,665 372,511
Total Operating Expenses 5,314,654 4,191,034 16,112,721 11,592,732
Operating Loss (2,779,423) (856,960) (8,193,173) (2,377,092)
Other Income (Expense):        
Interest Income 32,648 30,958 63,078 63,883
Dividend Income 242,718 29,764 730,117 32,994
Employee Retention Credit Income 1,267,055
Other (Expense) Income (6,206) 897
Unrealized Gain (Loss) 42,507 (37,993) 45,585 (150,569)
Realized Gain 23,747 23,747
Interest Expense (52,878) (113,523) (136,434)
Loss on Disposal of Asset (49,990)
Total Other Income (Expense) 335,414 (30,149) 2,016,956 (240,116)
Net Loss (2,444,009) (887,109) (6,176,217) (2,617,208)
Less: Net Loss Attributable to Non- Controlling Interests (582,274) (187,080) (1,813,067) (187,080)
Net Loss Attributed to Stockholders of Twin Vee PowerCats Co. $ (1,861,735) $ (700,029) $ (4,363,150) $ (2,430,128)
Loss Per Share:        
Basic $ (0.20) $ (0.10) $ (0.46) $ (0.35)
Weighted Average Shares Outstanding:        
Basic 9,520,000 7,013,478 9,520,000 7,004,542

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