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
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Property and Equipment (Details)

v3.21.1

Property and Equipment (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Property and equipment, gross	$ 1,651,906	$ 1,499,794
Less accumulated depreciation and amortization	(286,877)	(173,816)
Property and equipment, net	1,365,029	1,325,978
Machinery and Equipment [Member]
Property and equipment, gross	985,862	1,054,696
Furniture and Fixtures [Member]
Property and equipment, gross	1,850	1,850
Leasehold Improvements [Member]
Property and equipment, gross	228,875	109,499
Software and website development [Member]
Property and equipment, gross	113,120	101,320
Computer hardware and software [Member]
Property and equipment, gross	49,967	49,967
Boat molds [Member]
Property and equipment, gross	126,000	126,000
New model development [Member]
Property and equipment, gross	$ 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.

+ References

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- Definition

Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

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