$VEEE
Twin Vee PowerCats, Co. Stock $veee

$veee Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000173112223002122 Filed on November 14, 2023

Income Statement

Concept	2023 Q4	2023 Q3	2022 Q3
Revenue	$8.445M	$8.077M	$8.812M
YoY Change	-3.71%	-8.35%	113.98%
Cost Of Revenue	$6.642M	$5.541M	$5.478M
YoY Change	-9.38%	1.16%	118.4%
Gross Profit	$1.803M	$2.535M	$3.334M
YoY Change	25.14%	-23.96%	107.08%
Gross Profit Margin	21.36%	31.39%	37.84%
Selling, General & Admin	$4.576M	$984.9K	$707.3K
YoY Change	-1.45%	39.24%	37.88%
% of Gross Profit	253.72%	38.85%	21.21%
Research & Development	$513.1K	$63.87K	$283.9K
YoY Change	96.39%	-77.51%	364.78%
% of Gross Profit	28.45%	2.52%	8.52%
Depreciation & Amortization	$508.7K	$341.8K	$172.6K
YoY Change	180.68%	98.05%	455.14%
% of Gross Profit	28.21%	13.48%	5.18%
Operating Expenses	$5.598M	$5.315M	$4.191M
YoY Change	10.06%	26.81%	116.86%
Operating Profit	-$3.794M	-$2.779M	-$857.0K
YoY Change	4.1%	224.34%	165.7%
Interest Expense	$909.3K	$98.90K	$52.88K
YoY Change	239181.58%	87.03%	-186.83%
% of Operating Profit
Other Income/Expense, Net	-$721.1K	$335.4K	-$30.15K
YoY Change	-690.4%	-1212.52%	-50.37%
Pretax Income	-$3.606M	-$2.444M	-$887.1K
YoY Change	13.53%	175.5%	131.45%
Income Tax		$0.00
% Of Pretax Income
Net Earnings	-$2.829M	-$2.444M	-$887.1K
YoY Change	4.5%	175.5%	131.45%
Net Earnings / Revenue	-33.5%	-30.26%	-10.07%
Basic Earnings Per Share		-$0.20	-$0.10
Diluted Earnings Per Share	-$0.30	-$0.20	-$99.81K
COMMON SHARES
Basic Shares Outstanding	9.520M shares	9.520M shares	7.000M shares
Diluted Shares Outstanding		9.520M shares

Balance Sheet

Concept	2023 Q4	2023 Q3	2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.96M	$24.01M	$22.89M
YoY Change	-20.69%	4.89%	51.87%
Cash & Equivalents	$16.50M	$12.40M	$19.98M
Short-Term Investments	$4.463M	$11.60M	$2.911M
Other Short-Term Assets	$720.8K	$550.3K	$1.510M
YoY Change	-18.32%	-63.56%	120.41%
Inventory	$4.885M	$8.135M	$4.393M
Prepaid Expenses
Receivables	$80.16K	$508.5K	$1.610K
Other Receivables	$0.00	$0.00	$368.1K
Total Short-Term Assets	$26.65M	$32.72M	$26.25M
YoY Change	-10.84%	24.67%	67.9%
LONG-TERM ASSETS
Property, Plant & Equipment	$13.15M	$10.05M	$4.775M
YoY Change	137.52%	110.55%	114.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$476.6K	$2.911M
YoY Change		-83.63%	-5.88%
Other Assets	$51.42K	$49.17K	$25.00K
YoY Change	58.12%	96.68%	0.0%
Total Long-Term Assets	$13.20M	$11.55M	$8.975M
YoY Change	58.2%	28.73%	28.3%
TOTAL ASSETS
Total Short-Term Assets	$26.65M	$32.72M	$26.25M
Total Long-Term Assets	$13.20M	$11.55M	$8.975M
Total Assets	$39.85M	$44.28M	$35.22M
YoY Change	4.22%	25.7%	55.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.399M	$3.634M	$1.928M
YoY Change	16.14%	88.51%	14.21%
Accrued Expenses	$1.558M	$965.5K	$538.3K
YoY Change	25.6%	79.36%	9.37%
Deferred Revenue	$44.20K	$14.26K	$1.027M
YoY Change	733.87%	-98.61%	531.21%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$214.7K	$213.1K
YoY Change
Total Short-Term Liabilities	$4.216M	$5.327M	$3.996M
YoY Change	11.22%	33.31%	37.9%
LONG-TERM LIABILITIES
Long-Term Debt	$3.144M	$3.199M	$499.9K
YoY Change	528.93%	539.84%	-54.89%
Other Long-Term Liabilities	$436.7K	$540.5K	$949.5K
YoY Change	-52.51%	-43.08%	-28.95%
Total Long-Term Liabilities	$3.581M	$3.739M	$1.449M
YoY Change	152.25%	157.97%	-40.71%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.216M	$5.327M	$3.996M
Total Long-Term Liabilities	$3.581M	$3.739M	$1.449M
Total Liabilities	$16.34M	$9.066M	$5.445M
YoY Change	213.51%	66.5%	1.93%
SHAREHOLDERS EQUITY
Retained Earnings	-$14.35M	-$11.52M	-$4.448M
YoY Change	100.52%	158.97%	268.48%
Common Stock	$9.520K	$9.520K	$7.020K
YoY Change	0.0%	35.61%	0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$23.51M	$25.87M	$24.72M
YoY Change
Total Liabilities & Shareholders Equity	$39.85M	$44.28M	$35.22M
YoY Change	4.22%	25.7%	55.66%

Cashflow Statement

Concept	2023 Q4	2023 Q3	2022 Q3
OPERATING ACTIVITIES
Net Income	-$2.829M	-$2.444M	-$887.1K
YoY Change	4.5%	175.5%	131.45%
Depreciation, Depletion And Amortization	$508.7K	$341.8K	$172.6K
YoY Change	180.68%	98.05%	455.14%
Cash From Operating Activities	-$4.640K	-$3.500M	-$1.388M
YoY Change	-99.7%	152.15%	85.46%
INVESTING ACTIVITIES
Capital Expenditures	$2.749M	$793.1K	-$584.7K
YoY Change	183.0%	-235.65%	-5.21%
Acquisitions
YoY Change
Other Investing Activities	$7.182M	-$9.619M	$1.000M
YoY Change	8109.89%	-1061.86%	-116.39%
Cash From Investing Activities	$4.433M	-$10.40M	$415.3K
YoY Change	-601.41%	-2604.55%	-106.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-74.32K	-27.66K	15.04M
YoY Change	-101.24%	-100.18%	-6.24%
NET CHANGE
Cash From Operating Activities	-4.640K	-3.500M	-1.388M
Cash From Investing Activities	4.433M	-10.40M	415.3K
Cash From Financing Activities	-74.32K	-27.66K	15.04M
Net Change In Cash	4.354M	-13.93M	14.07M
YoY Change	23.49%	-199.04%	64.08%
FREE CASH FLOW
Cash From Operating Activities	-$4.640K	-$3.500M	-$1.388M
Capital Expenditures	$2.749M	$793.1K	-$584.7K
Free Cash Flow	-$2.754M	-$4.293M	-$803.4K
YoY Change	8.72%	434.35%	510.29%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Central Index Key EntityCentralIndexKey	0001855509
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	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-09-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-40623
	dei	Entity Registrant Name EntityRegistrantName	TWIN VEE POWERCATS CO.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	27-1417610
	dei	Entity Address Address Line1 EntityAddressAddressLine1	3101 S. US-1
	dei	Entity Address City Or Town EntityAddressCityOrTown	Ft. Pierce
	dei	Entity Address State Or Province EntityAddressStateOrProvince	FL
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	34982
	dei	City Area Code CityAreaCode	(772)
	dei	Local Phone Number LocalPhoneNumber	429-2525
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.001 per share
	dei	Trading Symbol TradingSymbol	VEEE
	dei	Security Exchange Name SecurityExchangeName	NASDAQ
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2023Q3	us-gaap	Operating Expenses OperatingExpenses	5314654	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	4191034	usd
	us-gaap	Operating Expenses OperatingExpenses	16112721	usd
	us-gaap	Operating Expenses OperatingExpenses	11592732	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-2779423	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-856960	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-8193173	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-2377092	usd
CY2023Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	32648	usd
CY2022Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	30958	usd
	us-gaap	Interest And Other Income InterestAndOtherIncome	63078	usd
	us-gaap	Interest And Other Income InterestAndOtherIncome	63883	usd
CY2023Q3	us-gaap	Dividend Income Operating DividendIncomeOperating	242718	usd
CY2022Q3	us-gaap	Dividend Income Operating DividendIncomeOperating	29764	usd
	us-gaap	Dividend Income Operating DividendIncomeOperating	730117	usd
	us-gaap	Dividend Income Operating DividendIncomeOperating	32994	usd
	tvpc	Employee Retention Credit Income EmployeeRetentionCreditIncome	1267055	usd
CY2023Q3	us-gaap	Other Income OtherIncome	-6206	usd
	us-gaap	Other Income OtherIncome	897	usd
CY2023Q3	tvpc	Unrealized Gain Loss UnrealizedGainLoss	42507	usd
CY2022Q3	tvpc	Unrealized Gain Loss UnrealizedGainLoss	-37993	usd
	tvpc	Unrealized Gain Loss UnrealizedGainLoss	45585	usd
	tvpc	Unrealized Gain Loss UnrealizedGainLoss	-150569	usd
CY2023Q3	tvpc	Realized Gain RealizedGain	23747	usd
	tvpc	Realized Gain RealizedGain	23747	usd
CY2022Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-52878	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-113523	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-136434	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-49990	usd
CY2023Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	335414	usd
CY2022Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-30149	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2016956	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-240116	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-2444009	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-887109	usd
	us-gaap	Net Income Loss NetIncomeLoss	-6176217	usd
	us-gaap	Net Income Loss NetIncomeLoss	-2617208	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	582274	usd
CY2022Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	187080	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1813067	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	187080	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1861735	usd
CY2022Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-700029	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-4363150	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2430128	usd
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.20
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.10
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.46
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.35
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9520000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7013478	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9520000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7004542	shares
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	16699700	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition	224832	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-1191317	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	15733215	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition	301891	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	-538782	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	15496324	usd
CY2022Q3	tvpc	Common Stock Issued For Payment On Behalf Of Parent CommonStockIssuedForPaymentOnBehalfOfParent	52400	usd
CY2022Q3	tvpc	Forza Share Issuance Value ForzaShareIssuanceValue	14829489	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition	287607	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-887109	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	29778711	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	33020889	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition	482964	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-1828465	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	31675388	usd
CY2023Q2	tvpc	Forza Share Issuance Value ForzaShareIssuanceValue	6929552	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition	489361	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	37190558	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition	464560	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-2444009	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	35211109	usd
	us-gaap	Profit Loss ProfitLoss	-6176217	usd
	us-gaap	Profit Loss ProfitLoss	-2617208	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	844665	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	372511	usd
	tvpc	Change In Rou Lease Asset ChangeInRouLeaseAsset	355519	usd
	tvpc	Change In Rou Lease Asset ChangeInRouLeaseAsset	286271	usd
	tvpc	Change In Fair Value Of Marketable Securities Available For Sale ChangeInFairValueOfMarketableSecuritiesAvailableForSale	45585	usd
	tvpc	Change In Fair Value Of Marketable Securities Available For Sale ChangeInFairValueOfMarketableSecuritiesAvailableForSale	-150569	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	1436885	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	814330	usd
	tvpc	Loss On Disposal Of Assets LossOnDisposalOfAssets	49990	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	494339	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-3527	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	4126506	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2593469	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-332142	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	596397	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1568127	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	726795	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-275255	usd
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	81498	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	8959	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1012480	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-358525	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-275278	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6930130	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2584381	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2413119	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2394169	usd
	tvpc	Payment To Security Deposit PaymentToSecurityDeposit	16650	usd
	tvpc	Net Sales Purchases Of Investment In Trading Marketable Securities NetSalesPurchasesOfInvestmentInTradingMarketableSecurities	-8608148	usd
	tvpc	Net Sales Purchases Of Investment In Trading Marketable Securities NetSalesPurchasesOfInvestmentInTradingMarketableSecurities	3002592	usd
	tvpc	Realized Gains On Marketable Securities Available For Sale RealizedGainsOnMarketableSecuritiesAvailableForSale	23747	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	80000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-11061664	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	688423	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	6996015	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	15231350	usd
	us-gaap	Deferred Finance Costs Ownshare Lending Arrangement Issuance Costs Adjustment DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAdjustment	66463	usd
	us-gaap	Deferred Finance Costs Ownshare Lending Arrangement Issuance Costs Adjustment DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAdjustment	306361	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	37214	usd
	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	-0	usd
	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	28771	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	6892338	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	14896218	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-11099456	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	13000260	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	23501007	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	6975302	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	12401551	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	19975562	usd
	us-gaap	Interest Paid Net InterestPaidNet	113523	usd
	us-gaap	Interest Paid Net InterestPaidNet	121284	usd
	tvpc	Finance Lease FinanceLease	2948991	usd
	tvpc	Common Stock Issued For Payments On Behalf Of Parent CommonStockIssuedForPaymentsOnBehalfOfParent	52400	usd
CY2023Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	14259	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	5300	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_845_eus-gaap--UseOfEstimates_z23chqRbFqAl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_86D_zEXo8zCWy9hd">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Some of these judgments can be subjective and complex, and, consequently, actual results may differ from these estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	930497	usd
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zBTue0ZGac19" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_867_z39VCrUQ2WC7">Concentrations of Credit and Business Risk</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk primarily consist of trade receivables. Credit risk on trade receivables is mitigated as a result of the Company’s use of trade letters of credit, dealer floor plan financing arrangements, and the geographically diversified nature of the Company’s customer base. The Company minimizes the concentration of credit risk associated with its cash by maintaining its cash with high quality federally insured financial institutions. However, cash balances in excess of the Federal Deposit Insurance Corporation (“FDIC”) insured limit of $<span id="xdx_90A_eus-gaap--CashFDICInsuredAmount_pp0p0_c20230930_zTsEr0ZrXbVk" title="FDIC insured limit">250,000</span> are at risk. As of September 30, 2023 and December 31, 2022, the Company had $<span id="xdx_903_eus-gaap--CashUninsuredAmount_pp0p0_c20230930_zr3XOYcRjYP8" title="FDIC uninsured amount">11,081,008</span> and $<span id="xdx_900_eus-gaap--CashUninsuredAmount_c20221231_pp0p0" title="FDIC uninsured amount">22,666,301</span>, respectively, in excess of FDIC insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023Q3	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023Q3	us-gaap	Cash Uninsured Amount CashUninsuredAmount	11081008	usd
CY2022Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	22666301	usd
CY2023Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12401551	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23501007	usd
CY2023Q3	us-gaap	Restricted Cash RestrictedCash	254932	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	680288	usd
CY2023Q3	us-gaap	Advertising Expense AdvertisingExpense	129592	usd
CY2022Q3	us-gaap	Advertising Expense AdvertisingExpense	47964	usd
	us-gaap	Advertising Expense AdvertisingExpense	374059	usd
	us-gaap	Advertising Expense AdvertisingExpense	94693	usd
CY2023Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	63867	usd
CY2022Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	283936	usd
CY2023Q3	tvpc	Shipping And Handling Costs ShippingAndHandlingCosts	144388	usd
CY2022Q3	tvpc	Shipping And Handling Costs ShippingAndHandlingCosts	72085	usd
	tvpc	Shipping And Handling Costs ShippingAndHandlingCosts	540155	usd
	tvpc	Shipping And Handling Costs ShippingAndHandlingCosts	131903	usd
CY2023Q3	tvpc	Accounts Payable Related Party AccountsPayableRelatedParty	2092032	usd
CY2022Q3	tvpc	Accounts Payable Related Party AccountsPayableRelatedParty	1323223	usd
	tvpc	Accounts Payable Related Party AccountsPayableRelatedParty	5654582	usd
	tvpc	Accounts Payable Related Party AccountsPayableRelatedParty	4025956	usd
CY2023Q3	tvpc	Employee Retention Credit EmployeeRetentionCredit	1267055	usd
CY2023Q3	us-gaap	Marketable Securities MarketableSecurities	11604998	usd
CY2022Q4	us-gaap	Marketable Securities MarketableSecurities	2927518	usd
CY2023Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	6626251	usd
CY2022Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	3406371	usd
CY2023Q3	us-gaap	Other Inventory In Transit OtherInventoryInTransit	727777	usd
CY2022Q4	us-gaap	Other Inventory In Transit OtherInventoryInTransit	222607	usd
CY2023Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	630966	usd
CY2022Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	246734	usd
CY2023Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	149844	usd
CY2022Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	132620	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	8134838	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	4008332	usd
CY2023Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	11956404	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6594293	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1903057	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	1058391	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	10053347	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5535902	usd
CY2023Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	341826	usd
CY2022Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	172602	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	844665	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	372511	usd
CY2023Q3	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	2698659	usd
CY2023Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	2911777	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	74561	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	298250	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	298250	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	298060	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	292932	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	1987529	usd
CY2023Q3	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	3249582	usd
CY2023Q3	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	337805	usd
CY2023Q3	us-gaap	Finance Lease Liability FinanceLeaseLiability	2911777	usd
CY2023Q3	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0307	pure
CY2023Q3	us-gaap	Lessee Finance Lease Remaining Lease Term LesseeFinanceLeaseRemainingLeaseTerm	P4Y10M28D
CY2023Q3	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	247794	usd
CY2022Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	333976	usd
CY2023Q3	us-gaap	Interest Payable Current InterestPayableCurrent	35544	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	47607	usd
CY2023Q3	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	332475	usd
CY2022Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	20000	usd
CY2023Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	216801	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	169101	usd
CY2022Q4	us-gaap	Other Inventory OtherInventory	577712	usd
CY2023Q3	us-gaap	Extended Product Warranty Accrual ExtendedProductWarrantyAccrual	132900	usd
CY2022Q4	us-gaap	Extended Product Warranty Accrual ExtendedProductWarrantyAccrual	92373	usd
CY2023Q3	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	965514	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1240769	usd
CY2023Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	499900	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	499900	usd
CY2022Q3	tvpc	Construction Fees ConstructionFees	2500	usd
CY2023Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	0	usd
CY2022Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	2536	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	12500	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	2536	usd
CY2023Q3	us-gaap	Contractual Obligation ContractualObligation	8797340	usd
CY2022Q4	us-gaap	Contractual Obligation ContractualObligation	10693000	usd
CY2023Q3	us-gaap	Restricted Cash RestrictedCash	254932	usd
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1283571	shares
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.14
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P8Y11M12D
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	2256233	usd
	tvpc	Stock Issued During Period Shares Stock Options Expired StockIssuedDuringPeriodSharesStockOptionsExpired	-44394	shares
	tvpc	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Expired Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExpiredPrice	-5.40
	tvpc	Sharebased Compensation Arrangement By Sharebased Payment Award Options Expired In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExpiredInPeriodFairValue1	-101960	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	25000	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1214177	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	4.13
	tvpc	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm1	P8Y2M15D
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1	4410507	usd
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	821100	shares
CY2023Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	4.41
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P8Y7M9D
CY2023Q3	us-gaap	Revenues Revenues	8076545	usd
CY2023Q3	us-gaap	Cost Of Revenue CostOfRevenue	5541314	usd
CY2023Q3	tvpc	Operating Expense OperatingExpense	5314654	usd
CY2023Q3	tvpc	Income Loss From Operations IncomeLossFromOperations	-2779423	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	335414	usd
CY2023Q3	tvpc	Net Loss NetLoss	-2444009	usd
CY2022Q3	us-gaap	Revenues Revenues	8812021	usd
CY2022Q3	us-gaap	Cost Of Revenue CostOfRevenue	5477947	usd
CY2022Q3	tvpc	Operating Expense OperatingExpense	4191034	usd
CY2022Q3	tvpc	Income Loss From Operations IncomeLossFromOperations	-856960	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-30149	usd
CY2022Q3	tvpc	Net Loss NetLoss	-887109	usd
	us-gaap	Revenues Revenues	24980902	usd
	us-gaap	Cost Of Revenue CostOfRevenue	17061354	usd
	tvpc	Operating Expense OperatingExpense	16112721	usd
	tvpc	Income Loss From Operations IncomeLossFromOperations	-8193173	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2016956	usd
	tvpc	Net Loss NetLoss	-6176217	usd
	us-gaap	Revenues Revenues	23217634	usd
	us-gaap	Cost Of Revenue CostOfRevenue	14001994	usd
	tvpc	Operating Expense OperatingExpense	11592732	usd
	tvpc	Income Loss From Operations IncomeLossFromOperations	-2377092	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-240116	usd
	tvpc	Net Loss NetLoss	-2617208	usd

Files In Submission

Name	View Source	Status
0001731122-23-002122-index-headers.html	Edgar Link	pending
0001731122-23-002122-index.html	Edgar Link	pending
0001731122-23-002122.txt	Edgar Link	pending
0001731122-23-002122-xbrl.zip	Edgar Link	pending
e5209_10-q.htm	Edgar Link	pending
e5209_ex31-1.htm	Edgar Link	pending
e5209_ex31-2.htm	Edgar Link	pending
e5209_ex32-1.htm	Edgar Link	pending
e5209_ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
e5209_10-q_htm.xml	Edgar Link	completed
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
tvpc-20230930.xsd	Edgar Link	pending
tvpc-20230930_def.xml	Edgar Link	unprocessable
tvpc-20230930_cal.xml	Edgar Link	unprocessable
tvpc-20230930_lab.xml	Edgar Link	unprocessable
tvpc-20230930_pre.xml	Edgar Link	unprocessable

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$VEEE
Twin Vee PowerCats, Co. Stock $veee

2023 Q4 Form 10-Q Financial Statement

#000173112223002122 Filed on November 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VEEE Twin Vee PowerCats, Co. Stock $veee

2023 Q4 Form 10-Q Financial Statement

#000173112223002122 Filed on November 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VEEE
Twin Vee PowerCats, Co. Stock $veee