General form for registration of securities under the Securities Act of 1933

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Restricted cash   $ 215,117
Inventories, net   2,516,760
Prepaid expenses and other current assets   196,141
Total current assets   10,419,141
Property and equipment, net   15,037,798
Operating lease right of use asset, net   390,686
Security deposit   40,280
Total Assets   25,887,905
Current Liabilities:    
Accounts payable   2,215,078
Accrued liabilities   794,253
Contract liabilities   80,000
Finance lease liabilities   221,929
Operating lease liabilities   436,730
Total current liabilities   3,747,990
Economic Injury Disaster Loan   499,900
Finance lease liabilities - noncurrent   2,423,165
Total Liabilities   6,671,055
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; 2,237,299 and 1,487,445 issued and outstanding at September 30, 2025 and December 31, 2024, respectively   14,874
Additional paid-in capital   44,594,930
Accumulated deficit   (25,392,955)
Equity attributed to stockholders of Twin Vee PowerCats Co, Inc.   19,216,849
Total Liabilities and Stockholders’ Equity   25,887,905
Twin Vee Powercarsco [Member]    
Current Assets    
Cash and cash equivalents $ 2,704,571 7,491,123
Restricted cash 215,117 215,117
Accounts receivable 312,993 0
Inventories, net 2,462,141 2,516,760
Prepaid expenses and other current assets 251,242 196,141
Deferred offering costs 151,088
Assets held for sale, net 3,956,623
Total current assets 10,053,775 10,419,141
Property and equipment, net 8,716,923 15,037,798
Operating lease right of use asset, net 97,819 390,686
Security deposit 26,193 40,280
Total Assets 18,894,710 25,887,905
Current Liabilities:    
Accounts payable 1,410,071 2,215,078
Accrued liabilities 599,044 794,253
Contract liabilities 297,887 80,000
Finance lease liabilities 20,497 221,929
Operating lease liabilities 109,329 436,730
Total current liabilities 2,436,828 3,747,990
Economic Injury Disaster Loan 499,900 499,900
Finance lease liabilities - noncurrent 26,362 2,423,165
Total Liabilities 2,963,090 6,671,055
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; 2,237,299 and 1,487,445 issued and outstanding at September 30, 2025 and December 31, 2024, respectively 2,237 1,487
Additional paid-in capital 47,342,162 44,608,318
Accumulated deficit (31,412,779) (25,392,955)
Equity attributed to stockholders of Twin Vee PowerCats Co, Inc. 15,931,620 19,216,850
Total Liabilities and Stockholders’ Equity $ 18,894,710 $ 25,887,905