Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Noncontrolling Interest [Member]
Total
Beginning balance, value at Dec. 31, 2020 $ 4,000 $ 2,551,387 $ (1,006,547) $ 1,548,840
Balance at beginning, shares at Dec. 31, 2020 4,000,000        
Common stock issued for cash $ 3,000 15,849,037 15,852,037
Common stock issued for cash, shares 3,000,000        
Stock-based compensation 309,832 309,832
Net loss (1,011,009) (1,011,009)
Ending balance, value at Dec. 31, 2021 $ 7,000 18,710,256 (2,017,556) 16,699,700
Balance at ending, shares at Dec. 31, 2021 7,000,000        
Common stock issued for payment on behalf of Twin Vee PowerCats, Inc. $ 20 52,380 52,400
Common stock issued for payment on behalf of Twin Vee PowerCats, Inc., 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
Balance at ending, shares at Dec. 31, 2022 9,520,000