10-K Filing

Twin Vee PowerCats, Co. CIK: 1855509 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001731122-24-000500`
Period End Date	20231231
Filing Date	20240327
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	e5519_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 56 Cash Flow Statement 83 Stockholders Equity 16

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.50M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$257.53K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.14K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$80.16K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$14.17K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.46M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.48M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.52M	shares	Point-in-time
Inventories, net	`InventoryNet`	$4.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.52M	shares	Point-in-time
Inventories, net	`InventoryNet`	$4.88M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.52M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$463.22K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.52M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$882.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.89M	USD	Point-in-time
Marketable securities - non current	`MarketableSecuritiesNoncurrent`	-	USD	Point-in-time
Marketable securities - non current	`MarketableSecuritiesNoncurrent`	$1.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.29M	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$1.33M	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$854.99K	USD	Point-in-time
Security deposit	`DepositsAssetsNoncurrent`	$51.42K	USD	Point-in-time
Security deposit	`DepositsAssetsNoncurrent`	$32.52K	USD	Point-in-time
Total Assets	`Assets`	$39.85M	USD	Point-in-time
Total Assets	`Assets`	$38.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.24M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$5.30K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$44.20K	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	-	USD	Point-in-time
Finance lease liability	`FinanceLeaseLiabilityCurrent`	$214.72K	USD	Point-in-time
Operating lease right of use liability	`OperatingLeaseLiabilityCurrent`	$482.90K	USD	Point-in-time
Operating lease right of use liability	`OperatingLeaseLiabilityCurrent`	$479.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Economic Injury Disaster Loan	`OtherLoansPayableLongTerm`	$499.90K	USD	Point-in-time
Economic Injury Disaster Loan	`OtherLoansPayableLongTerm`	$499.90K	USD	Point-in-time
Finance lease liability - noncurrent	`FinanceLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Finance lease liability - noncurrent	`FinanceLeaseLiabilityNoncurrent`	$2.64M	USD	Point-in-time
Operating lease liability - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$436.73K	USD	Point-in-time
Operating lease liability - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$919.63K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.21M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.80M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: 10,000,000 authorized; $0.001 par value; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: 50,000,000 authorized; $0.001 par value; 9,520,000 shares issued and outstanding	`CommonStockValue`	$9.52K	USD	Point-in-time
Common stock: 50,000,000 authorized; $0.001 par value; 9,520,000 shares issued and outstanding	`CommonStockValue`	$9.52K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$37.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$35.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.15M	USD	Point-in-time
Equity attributed to stockholders of Twin Vee PowerCats Co, Inc.	`StockholdersEquity`	$23.51M	USD	Point-in-time
Equity attributed to stockholders of Twin Vee PowerCats Co, Inc.	`StockholdersEquity`	$28.44M	USD	Point-in-time
Equity attributable to noncontrolling interests	`MinorityInterest`	$4.59M	USD	Point-in-time
Equity attributable to noncontrolling interests	`MinorityInterest`	$8.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$32.05M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$33.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$39.85M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$38.23M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$31.99M	USD	Annual
Net sales	`Revenues`	$33.43M	USD	Annual
Basic loss per share of common stock	`EarningsPerShareBasic`	$-0.76	USD	Annual
Basic loss per share of common stock	`EarningsPerShareBasic`	$-0.67	USD	Annual
Dilutive loss per share of common stock	`EarningsPerShareDiluted`	$-0.67	USD	Annual
Dilutive loss per share of common stock	`EarningsPerShareDiluted`	$-0.76	USD	Annual
Cost of products sold	`CostOfRevenue`	$23.70M	USD	Annual
Cost of products sold	`CostOfRevenue`	$21.33M	USD	Annual
Gross profit	`GrossProfit`	$10.66M	USD	Annual
Weighted average number of shares of common stock outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.62M	shares	Annual
Gross profit	`GrossProfit`	$9.72M	USD	Annual
Weighted average number of shares of common stock outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.52M	shares	Annual
Weighted average number of shares of common stock outstanding dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.62M	shares	Annual
Weighted average number of shares of common stock outstanding dilutive	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.52M	shares	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$2.76M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.73M	USD	Annual
Salaries and wages	`SalariesAndWages`	$13.93M	USD	Annual
Salaries and wages	`SalariesAndWages`	$11.46M	USD	Annual
Professional fees	`ProfessionalFees`	$966.04K	USD	Annual
Professional fees	`ProfessionalFees`	$1.25M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$553.75K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.35M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$941.53K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$1.44M	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.68M	USD	Annual
Total operating expenses	`OperatingExpenses`	$21.71M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-6.02M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-11.99M	USD	Annual
Dividend income	`DividendIncomeOperating`	$909.22K	USD	Annual
Dividend income	`DividendIncomeOperating`	-	USD	Annual
Other income	`OtherIncome`	$155.14K	USD	Annual
Other income	`OtherIncome`	$9.90K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-221.16K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-164.16K	USD	Annual
Interest income	`InterestAndOtherIncome`	$48.37K	USD	Annual
Interest income	`InterestAndOtherIncome`	$75.40K	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-60.09K	USD	Annual
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$87.78K	USD	Annual
Unrealized gain on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$-133.99K	USD	Annual
Realized gain on marketable securities	`RealizedGainOnMarketableSecurities`	-	USD	Annual
Realized gain on marketable securities	`RealizedGainOnMarketableSecurities`	$103.94K	USD	Annual
Employee Retention Credit income	`EmployeeRetentionCreditIncome`	$1.27M	USD	Annual
Employee Retention Credit income	`EmployeeRetentionCreditIncome`	$355.99K	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$2.21M	USD	Annual
Total other income	`NonoperatingIncomeExpense`	$228.29K	USD	Annual
Income before income tax	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-5.79M	USD	Annual
Income before income tax	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-9.78M	USD	Annual
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`ProfitLoss`	$-5.79M	USD	Annual
Net loss	`ProfitLoss`	$-9.78M	USD	Annual
Less: Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.59M	USD	Annual
Less: Net loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-656.16K	USD	Annual
Net loss attributed to stockholders of Twin Vee PowerCats Co, Inc.	`NetIncomeLoss`	$-5.14M	USD	Annual
Net loss attributed to stockholders of Twin Vee PowerCats Co, Inc.	`NetIncomeLoss`	$-7.19M	USD	Annual

Cash Flow Statement 83 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$16.50M	USD	Point-in-time
Cash and cash equivalents	`Cash`	$23.50M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$257.53K	USD	Point-in-time
Net loss	`ProfitLoss`	$-5.79M	USD	Annual
Net loss	`ProfitLoss`	$-9.78M	USD	Annual
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.50M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.98M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.76M	USD	Point-in-time
Stock based compensation	`ShareBasedCompensation`	$1.45M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.90M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.35M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$553.75K	USD	Annual
Loss on disposal of asset	`LossOnDisposalOfAssets`	$60.09K	USD	Annual
Loss on disposal of asset	`LossOnDisposalOfAssets`	-	USD	Annual
Change of right-of-use asset	`ChangeOfRightofuseAssetAndLeaseLiabilities`	$474.63K	USD	Annual
Change of right-of-use asset	`ChangeOfRightofuseAssetAndLeaseLiabilities`	$397.14K	USD	Annual
Net change in fair value of marketable securities	`NetChangeInFairValueOfMarketableSecurities`	$87.78K	USD	Annual
Net change in fair value of marketable securities	`NetChangeInFairValueOfMarketableSecurities`	$-133.99K	USD	Annual
Change in inventory reserve	`ChaneInInventoryReserve`	$419.62K	USD	Annual
Change in inventory reserve	`ChaneInInventoryReserve`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.03K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$65.99K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.30M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.21M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-21.34K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-419.19K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$333.35K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$864.82K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-165.26K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$783.96K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-479.31K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-390.05K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$38.90K	USD	Annual
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-8.80K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.93M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.15M	USD	Annual
Security deposit	`PaymentToSecurityDeposit`	$7.52K	USD	Annual
Security deposit	`PaymentToSecurityDeposit`	$18.90K	USD	Annual
Realized gain on sale of marketable securities, available for sale	`RealizedGainsOnMarketableSecuritiesAvailableForSale`	$103.94K	USD	Annual
Realized gain on sale of marketable securities, available for sale	`RealizedGainsOnMarketableSecuritiesAvailableForSale`	-	USD	Annual
Net (purchases) sales of investment in trading marketable securities	`NetPurchasesSalesOfInvestmentInTradingMarketableSecurities`	$3.00M	USD	Annual
Net (purchases) sales of investment in trading marketable securities	`NetPurchasesSalesOfInvestmentInTradingMarketableSecurities`	$-1.34M	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$175.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.16M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.37M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-195.60K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.63M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$6.00M	USD	Annual
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from Forza Issuance of common stock	`NetProceedsFromForzaIssuanceOfCommonStock`	$7.00M	USD	Annual
Proceeds from Forza Issuance of common stock	`NetProceedsFromForzaIssuanceOfCommonStock`	$14.93M	USD	Annual
Deferred offering costs	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAdjustment`	-	USD	Annual
Deferred offering costs	`DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAdjustment`	$66.46K	USD	Annual
Forza stock repurchase	`ProceedsFromForzaStockRepurchase`	-	USD	Annual
Forza stock repurchase	`ProceedsFromForzaStockRepurchase`	$-21.38K	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Advances from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-11.83K	USD	Annual
Repayment to related parties	`RepaymentsOfRelatedPartyDebt`	$57.66K	USD	Annual
Repayment to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Finance lease payments	`ProceedsFromRepaymentOfFinanceLease`	-	USD	Annual
Finance lease payments	`ProceedsFromRepaymentOfFinanceLease`	$-90.15K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.87M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.82M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-6.75M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$16.53M	USD	Annual
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.50M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.98M	USD	Point-in-time
Cash and cash equivalents at beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.76M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.98M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.76M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	$235.52K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$150.40K	USD	Annual
Increase in the right-of-use asset and lease liability	`IncreaseInRightofuseAssetAndLeaseLiability`	$176.23K	USD	Annual
Increase in the right-of-use asset and lease liability	`IncreaseInRightofuseAssetAndLeaseLiability`	-	USD	Annual
Common stock issued for payment on behalf of parent	`CommonStockIssuedForPaymentsOnBehalfOfParent`	-	USD	Annual
Common stock issued for payment on behalf of parent	`CommonStockIssuedForPaymentsOnBehalfOfParent`	$52.40K	USD	Annual
Right of use asset - finance leases	`RightOfUseAssetFinanceLeases`	$2.95M	USD	Annual
Right of use asset - finance leases	`RightOfUseAssetFinanceLeases`	-	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$32.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$33.02M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.70M	USD	Point-in-time
Common stock issued for payment on behalf of parent	`CommonStockIssuedForPaymentOnBehalfOfParent`	$52.40K	USD	Annual
Common stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$6.00M	USD	Annual
Subsidiary share issuance	`SubsidiaryShareIssuanceValue`	$14.83M	USD	Annual
Subsidiary share issuance	`SubsidiaryShareIssuanceValue`	$6.93M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$1.90M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition`	$1.45M	USD	Annual
Subsidiary stock repurchase	`StockRepurchasedDuringPeriodValue`	$21.38K	USD	Annual
Merger of Twin Vee PowerCats, Inc.	`MergerOfTwinVeePowercatsIncValue`	$-217.87K	USD	Annual
Net loss	`ProfitLoss`	$-5.79M	USD	Annual
Net loss	`ProfitLoss`	$-9.78M	USD	Annual
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$32.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$33.02M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.70M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.