Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 3,612,291 $ 5,276,343
Cost of products sold (excluding depreciation & amortization) 3,075,177 4,999,030
Gross profit 537,114 277,313
Operating expenses:    
Selling, general and administrative 598,552 693,954
Salaries and wages 966,962 1,296,269
Professional fees 146,011 255,325
Loss on sale of property & equipment 63,011
Depreciation and amortization 441,672 425,281
Research and development 149,691
Total operating expenses 2,216,208 2,820,520
Loss from operations (1,679,094) (2,543,207)
Other income (expense):    
Dividend income 213,732
Other income 49,424 38,991
Interest expense (36,203) (66,950)
Interest income 55,633 2,577
Unrealized loss on marketable securities (15,548)
Realized gain on marketable securities 35,210
Total other income 68,854 208,012
Loss before income tax (1,610,240) (2,335,195)
Income taxes provision
Net loss (1,610,240) (2,335,195)
Less: Net loss attributable to noncontrolling interests (648,967)
Net loss attributed to stockholders of Twin Vee PowerCats Co, Inc. $ (1,610,240) $ (1,686,228)
Basic loss per share of common stock $ (1.08) $ (1.77)
Dilutive loss per share of common stock $ (1.08) $ (1.77)
Weighted average number of shares of common stock outstanding basic 1,487,445 952,000
Weighted average number of shares of common stock outstanding dilutive 1,487,445 952,000