Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Noncontrolling Interest [Member]
Total
Beginning balance, value at Dec. 31, 2021 $ 7,000 $ 18,710,256 $ (2,017,556) $ 16,699,700
Beginning balance, shares at Dec. 31, 2021 7,000,000        
Common stock issued for payment on behalf of parent $ 20 52,380 52,400
Common stock issued for payment on behalf of parent, shares   20,000        
Common stock issued for cash $ 2,500 5,999,337 6,001,837
Common stock issued for cash, shares   2,500,000        
Subsidiary share issuance 9,588,172 5,241,317 14,829,489
Stock-based compensation 1,448,751 1,448,751
Merger of Twin Vee PowerCats, Inc. (217,874) (217,874)
Net loss (5,137,252) (656,162) (5,793,414)
Ending balance, value at Dec. 31, 2022 $ 9,520 35,581,022 (7,154,808) 4,585,155 33,020,889
Ending balance, shares at Dec. 31, 2022 9,520,000        
Subsidiary share issuance 364,886 6,564,666 6,929,552
Stock-based compensation 1,902,749 1,902,749
Subsidiary stock repurchase (21,379) (21,379)
Net loss (7,192,176) (2,590,020) (9,782,196)
Ending balance, value at Dec. 31, 2023 $ 9,520 $ 37,848,657 $ (14,346,984) $ 8,538,422 $ 32,049,615
Ending balance, shares at Dec. 31, 2023 9,520,000