2024 Q1 Form 10-K Financial Statement
#000173112224000500 Filed on March 27, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $5.276M | $8.445M | $33.43M |
YoY Change | -40.56% | -3.71% | 4.5% |
Cost Of Revenue | $4.999M | $6.642M | $23.70M |
YoY Change | -11.61% | -9.38% | 11.12% |
Gross Profit | $277.3K | $1.803M | $9.723M |
YoY Change | -91.39% | 25.14% | -8.76% |
Gross Profit Margin | 5.26% | 21.36% | 29.09% |
Selling, General & Admin | $694.0K | $4.576M | $18.91M |
YoY Change | -32.14% | -1.45% | 585.36% |
% of Gross Profit | 250.24% | 253.72% | 194.52% |
Research & Development | $149.7K | $513.1K | $1.444M |
YoY Change | -78.7% | 96.39% | 53.32% |
% of Gross Profit | 53.98% | 28.45% | 14.85% |
Depreciation & Amortization | $425.3K | $508.7K | $1.353M |
YoY Change | 94.83% | 180.68% | 144.4% |
% of Gross Profit | 153.36% | 28.21% | 13.92% |
Operating Expenses | $2.821M | $5.598M | $21.71M |
YoY Change | -49.56% | 10.06% | 30.17% |
Operating Profit | -$2.543M | -$3.794M | -$11.99M |
YoY Change | 7.33% | 4.1% | 99.07% |
Interest Expense | $169.0K | $909.3K | $928.2K |
YoY Change | -20.66% | 239181.58% | -516.68% |
% of Operating Profit | |||
Other Income/Expense, Net | $208.0K | -$721.1K | $1.277M |
YoY Change | -61.55% | -690.4% | 459.34% |
Pretax Income | -$2.335M | -$3.606M | -$9.782M |
YoY Change | 27.71% | 13.53% | 68.85% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$1.686M | -$2.829M | -$7.192M |
YoY Change | -7.78% | 4.5% | 24.14% |
Net Earnings / Revenue | -31.96% | -33.5% | -21.52% |
Basic Earnings Per Share | -$0.18 | -$0.76 | |
Diluted Earnings Per Share | -$0.18 | -$0.30 | -$0.76 |
COMMON SHARES | |||
Basic Shares Outstanding | 9.520M shares | 9.520M shares | 9.520M shares |
Diluted Shares Outstanding | 9.520M shares | 9.520M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $17.12M | $20.96M | $20.96M |
YoY Change | -27.01% | -20.69% | -16.1% |
Cash & Equivalents | $16.14M | $16.50M | $16.50M |
Short-Term Investments | $982.6K | $4.463M | $4.463M |
Other Short-Term Assets | $677.4K | $720.8K | $720.8K |
YoY Change | 9.51% | -18.32% | -18.32% |
Inventory | $3.890M | $4.885M | $4.885M |
Prepaid Expenses | |||
Receivables | $90.87K | $80.16K | $80.16K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $21.78M | $26.65M | $26.65M |
YoY Change | -23.73% | -10.84% | -10.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $13.89M | $13.15M | $13.15M |
YoY Change | 125.73% | 137.52% | 91.52% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $48.71K | $51.42K | $51.42K |
YoY Change | 49.78% | 58.12% | 58.12% |
Total Long-Term Assets | $14.68M | $13.20M | $13.20M |
YoY Change | 75.95% | 58.2% | 58.2% |
TOTAL ASSETS | |||
Total Short-Term Assets | $21.78M | $26.65M | $26.65M |
Total Long-Term Assets | $14.68M | $13.20M | $13.20M |
Total Assets | $36.45M | $39.85M | $39.85M |
YoY Change | -1.2% | 4.22% | 4.22% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.494M | $2.399M | $2.399M |
YoY Change | -44.99% | 16.14% | 16.14% |
Accrued Expenses | $697.8K | $1.558M | $1.558M |
YoY Change | 10.9% | 25.6% | -9.4% |
Deferred Revenue | $21.45K | $44.20K | |
YoY Change | 269.79% | 733.87% | |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $217.6K | $214.7K | $214.7K |
YoY Change | 1192.81% | ||
Total Short-Term Liabilities | $2.897M | $4.216M | $4.216M |
YoY Change | -24.84% | 11.22% | 11.22% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.089M | $3.144M | $3.144M |
YoY Change | 439.43% | 528.93% | 528.93% |
Other Long-Term Liabilities | $327.7K | $436.7K | $436.7K |
YoY Change | -58.71% | -52.51% | -52.51% |
Total Long-Term Liabilities | $3.417M | $3.581M | $3.581M |
YoY Change | 150.09% | 152.25% | 152.25% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.897M | $4.216M | $4.216M |
Total Long-Term Liabilities | $3.417M | $3.581M | $3.581M |
Total Liabilities | $6.314M | $16.34M | $16.34M |
YoY Change | 20.94% | 213.51% | 66.76% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$16.03M | -$14.35M | |
YoY Change | 92.67% | 100.52% | |
Common Stock | $9.520K | $9.520K | |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $22.25M | $23.51M | $23.51M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $36.45M | $39.85M | $39.85M |
YoY Change | -1.2% | 4.22% | 4.22% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.686M | -$2.829M | -$7.192M |
YoY Change | -7.78% | 4.5% | 24.14% |
Depreciation, Depletion And Amortization | $425.3K | $508.7K | $1.353M |
YoY Change | 94.83% | 180.68% | 144.4% |
Cash From Operating Activities | -$1.750M | -$4.640K | -$6.935M |
YoY Change | -21.62% | -99.7% | 67.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.991M | $2.749M | $5.162M |
YoY Change | 167.61% | 183.0% | 53.39% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $3.468M | $7.182M | -$1.467M |
YoY Change | 592.12% | 8109.89% | -146.26% |
Cash From Investing Activities | $1.476M | $4.433M | -$6.629M |
YoY Change | -707.57% | -601.41% | 3288.98% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $6.975M | ||
YoY Change | 16.21% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$83.74K | -74.32K | 6.818M |
YoY Change | 2853.62% | -101.24% | -67.33% |
NET CHANGE | |||
Cash From Operating Activities | -$1.750M | -4.640K | -6.935M |
Cash From Investing Activities | $1.476M | 4.433M | -6.629M |
Cash From Financing Activities | -$83.74K | -74.32K | 6.818M |
Net Change In Cash | -$357.2K | 4.354M | -6.746M |
YoY Change | -85.59% | 23.49% | -140.82% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.750M | -$4.640K | -$6.935M |
Capital Expenditures | $1.991M | $2.749M | $5.162M |
Free Cash Flow | -$3.741M | -$2.754M | -$12.10M |
YoY Change | 25.68% | 8.72% | 61.05% |
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CommonStockSharesAuthorized
|
50000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9520000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9520000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9520000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
9520000 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
9520 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
9520 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
37848657 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
35581022 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-14346984 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-7154808 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
23511193 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
28435734 | usd |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
8538422 | usd |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
4585155 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
32049615 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
33020889 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
39846713 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
38231480 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
33425912 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
31987724 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
23702885 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
21330918 | usd |
CY2023 | us-gaap |
Gross Profit
GrossProfit
|
9723027 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
10656806 | usd |
CY2023 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
3734406 | usd |
CY2022 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2759625 | usd |
CY2023 | us-gaap |
Salaries And Wages
SalariesAndWages
|
13929580 | usd |
CY2022 | us-gaap |
Salaries And Wages
SalariesAndWages
|
11457569 | usd |
CY2023 | us-gaap |
Professional Fees
ProfessionalFees
|
1249388 | usd |
CY2022 | us-gaap |
Professional Fees
ProfessionalFees
|
966037 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1353383 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
553750 | usd |
CY2023 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1443569 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
941533 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
21710326 | usd |
CY2023 | us-gaap |
Dividend Income Operating
DividendIncomeOperating
|
909215 | usd |
CY2023 | us-gaap |
Other Income
OtherIncome
|
9898 | usd |
CY2022 | us-gaap |
Other Income
OtherIncome
|
155137 | usd |
CY2023 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-221157 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11987299 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-6021708 | usd |
CY2022 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-164155 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-60088 | usd |
CY2023 | VEEE |
Realized Gain On Marketable Securities
RealizedGainOnMarketableSecurities
|
103941 | usd |
CY2023 | VEEE |
Employee Retention Credit Income
EmployeeRetentionCreditIncome
|
1267055 | usd |
CY2022 | VEEE |
Employee Retention Credit Income
EmployeeRetentionCreditIncome
|
355987 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
2205103 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
228294 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
|
-9782196 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
|
-5793414 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-9782196 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-5793414 | usd |
CY2023 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-2590020 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-656162 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7192176 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5137252 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.76 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.76 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.67 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.67 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9520000 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9520000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7624938 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7624938 | shares |
CY2022 | VEEE |
Common Stock Issued For Payment On Behalf Of Parent
CommonStockIssuedForPaymentOnBehalfOfParent
|
52400 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6001837 | usd |
CY2022 | VEEE |
Subsidiary Share Issuance Value
SubsidiaryShareIssuanceValue
|
14829489 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
1448751 | usd |
CY2022 | VEEE |
Merger Of Twin Vee Powercats Inc Value
MergerOfTwinVeePowercatsIncValue
|
-217874 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-5793414 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
33020889 | usd |
CY2023 | VEEE |
Subsidiary Share Issuance Value
SubsidiaryShareIssuanceValue
|
6929552 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
1902749 | usd |
CY2023 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
21379 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-9782196 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
32049615 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-9782196 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1902749 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1448751 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1353383 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
553750 | usd |
CY2022 | VEEE |
Loss On Disposal Of Assets
LossOnDisposalOfAssets
|
60088 | usd |
CY2023 | VEEE |
Change Of Rightofuse Asset And Lease Liabilities
ChangeOfRightofuseAssetAndLeaseLiabilities
|
474630 | usd |
CY2022 | VEEE |
Change Of Rightofuse Asset And Lease Liabilities
ChangeOfRightofuseAssetAndLeaseLiabilities
|
397136 | usd |
CY2023 | VEEE |
Net Change In Fair Value Of Marketable Securities
NetChangeInFairValueOfMarketableSecurities
|
87781 | usd |
CY2022 | VEEE |
Net Change In Fair Value Of Marketable Securities
NetChangeInFairValueOfMarketableSecurities
|
-133988 | usd |
CY2023 | VEEE |
Chane In Inventory Reserve
ChaneInInventoryReserve
|
419616 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
65993 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
9030 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1296045 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2208563 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-419195 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-21339 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
333346 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
864819 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-165257 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
783955 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-479315 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-390050 | usd |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
38895 | usd |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-8800 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-6934773 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4146031 | usd |
CY2023 | VEEE |
Payment To Security Deposit
PaymentToSecurityDeposit
|
18900 | usd |
CY2022 | VEEE |
Payment To Security Deposit
PaymentToSecurityDeposit
|
7517 | usd |
CY2023 | VEEE |
Realized Gains On Marketable Securities Available For Sale
RealizedGainsOnMarketableSecuritiesAvailableForSale
|
103941 | usd |
CY2023 | VEEE |
Net Purchases Sales Of Investment In Trading Marketable Securities
NetPurchasesSalesOfInvestmentInTradingMarketableSecurities
|
-1343702 | usd |
CY2022 | VEEE |
Net Purchases Sales Of Investment In Trading Marketable Securities
NetPurchasesSalesOfInvestmentInTradingMarketableSecurities
|
3002591 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
175000 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5162478 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
3365679 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6629021 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-195605 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6001836 | usd |
CY2023 | VEEE |
Net Proceeds From Forza Issuance Of Common Stock
NetProceedsFromForzaIssuanceOfCommonStock
|
6996015 | usd |
CY2022 | VEEE |
Net Proceeds From Forza Issuance Of Common Stock
NetProceedsFromForzaIssuanceOfCommonStock
|
14934989 | usd |
CY2023 | us-gaap |
Deferred Finance Costs Ownshare Lending Arrangement Issuance Costs Adjustment
DeferredFinanceCostsOwnshareLendingArrangementIssuanceCostsAdjustment
|
66463 | usd |
CY2023 | VEEE |
Proceeds From Forza Stock Repurchase
ProceedsFromForzaStockRepurchase
|
-21379 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-11826 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
57659 | usd |
CY2023 | VEEE |
Proceeds From Repayment Of Finance Lease
ProceedsFromRepaymentOfFinanceLease
|
-90153 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6818020 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
20867340 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-6745774 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
16525705 | 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 |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16755233 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23501007 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
235519 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
150399 | usd |
CY2022 | VEEE |
Increase In Rightofuse Asset And Lease Liability
IncreaseInRightofuseAssetAndLeaseLiability
|
176226 | usd |
CY2022 | VEEE |
Common Stock Issued For Payments On Behalf Of Parent
CommonStockIssuedForPaymentsOnBehalfOfParent
|
52400 | usd |
CY2023 | VEEE |
Right Of Use Asset Finance Leases
RightOfUseAssetFinanceLeases
|
2948991 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
16497703 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
23501007 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
257530 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16755233 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23501007 | usd |
CY2021Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
75000 | usd |
CY2023 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
358129 | usd |
CY2022 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
227229 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
5137 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
14167 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
80160 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
44195 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
5300 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_844_eus-gaap--UseOfEstimates_zjD0EbUDuqrf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_866_z0q4BMpFYmc3">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 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 consolidated 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> | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zKc4EvvfAid5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_862_zJ5DonjEQfTd">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_904_eus-gaap--CashFDICInsuredAmount_pp0p0_c20231231_zObH7at6esMi" title="FDIC insured limit">250,000</span> are at risk. As of December 31, 2023 and 2022, the Company had $<span id="xdx_903_eus-gaap--CashUninsuredAmount_pp0p0_c20231231_zCOqNdDpNhS2" title="FDIC uninsured amount">15,868,574</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> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
15868574 | usd |
CY2022Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
22666301 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16755233 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23501007 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
257530 | usd |
CY2023 | VEEE |
Provision For Excess Or Obsolete Inventories
ProvisionForExcessOrObsoleteInventories
|
419616 | usd |
CY2022 | VEEE |
Provision For Excess Or Obsolete Inventories
ProvisionForExcessOrObsoleteInventories
|
0 | usd |
CY2022Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
92373 | usd |
CY2023 | VEEE |
Provision For Product Warranty Liabilities
ProvisionForProductWarrantyLiabilities
|
458650 | usd |
CY2022 | VEEE |
Provision For Product Warranty Liabilities
ProvisionForProductWarrantyLiabilities
|
244602 | usd |
CY2023Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
192894 | usd |
CY2022Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
92373 | usd |
CY2023 | us-gaap |
Advertising Expense
AdvertisingExpense
|
444231 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
112320 | usd |
CY2023 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
1157585 | usd |
CY2022 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
941533 | usd |
CY2022 | VEEE |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
179998 | usd |
CY2023Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
4462942 | usd |
CY2022Q4 | VEEE |
Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
|
3093632 | usd |
CY2022Q4 | VEEE |
Marketable Securities Gross Unrealized Losses
MarketableSecuritiesGrossUnrealizedLosses
|
-166114 | usd |
CY2022Q4 | us-gaap |
Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
|
2927518 | usd |
CY2022 | VEEE |
Accounts Payable Related Party
AccountsPayableRelatedParty
|
5020973 | usd |
CY2023Q4 | VEEE |
Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
|
4473033 | usd |
CY2023Q4 | VEEE |
Marketable Securities Gross Unrealized Gains
MarketableSecuritiesGrossUnrealizedGains
|
50878 | usd |
CY2023Q4 | VEEE |
Marketable Securities Gross Unrealized Losses
MarketableSecuritiesGrossUnrealizedLosses
|
-60969 | usd |
CY2023Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
4462942 | usd |
CY2022Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
2927518 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
5001512 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
3628978 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
96721 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
246734 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
206144 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
132620 | usd |
CY2023Q4 | us-gaap |
Inventory Gross
InventoryGross
|
5304377 | usd |
CY2022Q4 | us-gaap |
Inventory Gross
InventoryGross
|
4008332 | usd |
CY2023Q4 | VEEE |
Reserve For Excess And Obsolete
ReserveForExcessAndObsolete
|
419616 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
4884761 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
4008332 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14676820 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
6594293 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2382832 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1058391 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12293988 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
5535902 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1353383 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
553750 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
214715 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
2644123 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
298249 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
298248 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
290842 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
292927 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
1987354 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
3167620 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
308782 | usd |
CY2023Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
2858838 | usd |
CY2023Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0303 | pure |
CY2023Q4 | us-gaap |
Lessee Finance Lease Remaining Lease Term
LesseeFinanceLeaseRemainingLeaseTerm
|
P4Y4M2D | |
CY2023Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
343511 | usd |
CY2022Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
333976 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
33245 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
47607 | usd |
CY2022Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
20000 | usd |
CY2022Q4 | us-gaap |
Accrued Exchange Fee Rebate Current
AccruedExchangeFeeRebateCurrent
|
15000 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
89500 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
115037 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
64601 | usd |
CY2023Q4 | VEEE |
Accrued Consturction Expense
AccruedConsturctionExpense
|
390825 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
577712 | usd |
CY2023Q4 | us-gaap |
Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
|
192894 | usd |
CY2022Q4 | us-gaap |
Extended Product Warranty Accrual
ExtendedProductWarrantyAccrual
|
92373 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
1075512 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
1240769 | usd |
CY2023 | us-gaap |
Short Term Debt Description
ShortTermDebtDescription
|
Interest on our Wells Fargo line is calculated in two ways, the average daily balance is prime +5%, with a minimum prime at 5.5%, there is also a monthly flat charge of 0.2%, which, is 2.4% annualized. After the 150-day due in full period, the average daily balance rate goes up to prime +8.5% with no monthly flat charge. On December 31, 2023 and 2022, our interest rate was 11.6% and 6.5%. Interest on our Yamaha line is calculated on the average daily balance +4%, with a minimum prime at 8.0%. On December 31, 2023 and 2022, our interest rate was 16.8% and 0%, respectively. | |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
6611 | usd |
CY2023Q4 | VEEE |
Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
|
493289 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
499900 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
20000 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
10036 | usd |
CY2023Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
10510252 | usd |
CY2022Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
10693000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Interest Bearing Current
AccountsPayableInterestBearingCurrent
|
396828 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Interest Bearing Current
AccountsPayableInterestBearingCurrent
|
845042 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
343000 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
532000 | usd |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
8600000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.020 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.020 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.230 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.230 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.000 | pure |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7192176 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5137252 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9520000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7624938 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9520000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7624938 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.76 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.67 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.76 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.67 | |
CY2023 | us-gaap |
Revenues
Revenues
|
33425912 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
23702885 | usd |
CY2023 | VEEE |
Operating Expense
OperatingExpense
|
21710326 | usd |
CY2023 | VEEE |
Income Loss From Operations
IncomeLossFromOperations
|
-11987299 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2205103 | usd |
CY2023 | VEEE |
Net Loss
NetLoss
|
-9782196 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
31987724 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
21330918 | usd |
CY2022 | VEEE |
Operating Expense
OperatingExpense
|
16678514 | usd |
CY2022 | VEEE |
Income Loss From Operations
IncomeLossFromOperations
|
-6021708 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
228294 | usd |
CY2022 | VEEE |
Net Loss
NetLoss
|
-5793414 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
4284000 | usd |
CY2023 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |