Twin Vee PowerCats Co. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Organization and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Property and Equipment (Details)

v3.21.1

Property and Equipment (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property and equipment, gross	$ 2,087,657	$ 1,651,906	$ 1,499,794
Less accumulated depreciation and amortization	(331,002)	(286,877)	(173,816)
Property and equipment, net	1,756,655	1,365,029	1,325,978
Machinery and Equipment [Member]
Property and equipment, gross	978,364	985,862	1,054,696
Furniture and Fixtures [Member]
Property and equipment, gross	1,850	1,850	1,850
Leasehold Improvements [Member]
Property and equipment, gross	413,609	228,875	109,499
Software and website development [Member]
Property and equipment, gross	113,120	113,120	101,320
Computer hardware and software [Member]
Property and equipment, gross	51,962	49,967	49,967
Boat molds [Member]
Property and equipment, gross	126,000	126,000	126,000
New model development [Member]
Property and equipment, gross	$ 402,752	$ 146,232	$ 56,462

- Definition

Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.

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