$VEEE
Twin Vee PowerCats, Co. Stock $veee

$veee Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000173112224000812 Filed on May 15, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$4.327M	$5.276M	$8.877M
YoY Change	-46.74%	-40.56%	50.82%
Cost Of Revenue	$4.124M	$4.999M	$5.655M
YoY Change	-29.67%	-11.61%	63.85%
Gross Profit	$202.3K	$277.3K	$3.222M
YoY Change	-91.05%	-91.39%	32.35%
Gross Profit Margin	4.68%	5.26%	36.29%
Selling, General & Admin	$756.0K	$694.0K	$1.023M
YoY Change	-17.33%	-32.14%	49.88%
% of Gross Profit	373.61%	250.24%	31.74%
Research & Development	$344.8K	$149.7K	$702.6K
YoY Change	31.86%	-78.7%	217.16%
% of Gross Profit	170.4%	53.98%	21.81%
Depreciation & Amortization	$435.0K	$425.3K	$218.3K
YoY Change	52.85%	94.83%	172.54%
% of Gross Profit	214.96%	153.36%	6.78%
Operating Expenses	$4.861M	$2.821M	$5.591M
YoY Change	-8.36%	-49.56%	60.56%
Operating Profit	-$4.659M	-$2.543M	-$2.370M
YoY Change	53.05%	7.33%	126.07%
Interest Expense	$145.9K	$169.0K	$213.0K
YoY Change	-24.92%	-20.66%	-269.95%
% of Operating Profit
Other Income/Expense, Net	$139.9K	$208.0K	$541.1K
YoY Change	-87.74%	-61.55%	-477.93%
Pretax Income	-$4.519M	-$2.335M	-$1.828M
YoY Change	137.39%	27.71%	53.48%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$2.946M	-$1.686M	-$1.828M
YoY Change	54.73%	-7.78%	53.48%
Net Earnings / Revenue	-68.08%	-31.96%	-20.6%
Basic Earnings Per Share	-$0.31	-$0.18	-$0.12
Diluted Earnings Per Share	-$0.31	-$0.18	-$0.12
COMMON SHARES
Basic Shares Outstanding	9.520M shares	9.520M shares	9.520M shares
Diluted Shares Outstanding	9.520M shares	9.520M shares	9.520M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$14.92M	$17.12M	$23.46M
YoY Change	-47.24%	-27.01%	57.54%
Cash & Equivalents	$13.93M	$16.14M	$21.02M
Short-Term Investments	$995.2K	$982.6K	$2.435M
Other Short-Term Assets	$396.1K	$677.4K	$618.6K
YoY Change	-12.89%	9.51%	-40.62%
Inventory	$4.148M	$3.890M	$4.797M
Prepaid Expenses
Receivables	$115.8K	$90.87K	$625.3K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$19.58M	$21.78M	$28.56M
YoY Change	-42.3%	-23.73%	126.51%
LONG-TERM ASSETS
Property, Plant & Equipment	$13.51M	$13.89M	$6.154M
YoY Change	41.34%	125.73%	79.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$942.7K
YoY Change			-68.36%
Other Assets	$48.71K	$48.71K	$32.52K
YoY Change	2.5%	49.78%	30.08%
Total Long-Term Assets	$14.17M	$14.68M	$8.341M
YoY Change	21.7%	75.95%	5.64%
TOTAL ASSETS
Total Short-Term Assets	$19.58M	$21.78M	$28.56M
Total Long-Term Assets	$14.17M	$14.68M	$8.341M
Total Assets	$33.75M	$36.45M	$36.90M
YoY Change	-25.95%	-1.2%	79.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.780M	$1.494M	$2.716M
YoY Change	12.75%	-44.99%	37.91%
Accrued Expenses	$1.108M	$697.8K	$629.2K
YoY Change	-7.12%	10.9%	-4.67%
Deferred Revenue	$6.175K	$21.45K	$5.800K
YoY Change	-96.61%	269.79%	2800.0%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$218.4K	$217.6K	$16.83K
YoY Change	22.19%	1192.81%
Total Short-Term Liabilities	$4.561M	$2.897M	$3.854M
YoY Change	1.08%	-24.84%	23.43%
LONG-TERM LIABILITIES
Long-Term Debt	$3.035M	$3.089M	$572.6K
YoY Change	-5.54%	439.43%	14.55%
Other Long-Term Liabilities	$218.6K	$327.7K	$793.6K
YoY Change	-67.24%	-58.71%	-30.76%
Total Long-Term Liabilities	$3.253M	$3.417M	$1.366M
YoY Change	-16.15%	150.09%	-17.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.561M	$2.897M	$3.854M
Total Long-Term Liabilities	$3.253M	$3.417M	$1.366M
Total Liabilities	$7.814M	$6.314M	$5.220M
YoY Change	-6.89%	20.94%	9.47%
SHAREHOLDERS EQUITY
Retained Earnings	-$18.98M	-$16.03M	-$8.322M
YoY Change	96.55%	92.67%	159.33%
Common Stock	$9.520K	$9.520K	$9.520K
YoY Change	0.0%	0.0%	36.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$19.62M	$22.25M	$27.75M
YoY Change
Total Liabilities & Shareholders Equity	$33.75M	$36.45M	$36.90M
YoY Change	-25.95%	-1.2%	79.96%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$2.946M	-$1.686M	-$1.828M
YoY Change	54.73%	-7.78%	53.48%
Depreciation, Depletion And Amortization	$435.0K	$425.3K	$218.3K
YoY Change	52.85%	94.83%	172.54%
Cash From Operating Activities	-$482.1K	-$1.750M	-$2.233M
YoY Change	-59.74%	-21.62%	94.2%
INVESTING ACTIVITIES
Capital Expenditures	$1.724M	$1.991M	$744.0K
YoY Change	95.97%	167.61%	2.15%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$3.468M	$501.0K
YoY Change	-100.0%	592.12%	522.21%
Cash From Investing Activities	-$1.724M	$1.476M	-$243.0K
YoY Change	317.85%	-707.57%	-62.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-53.29K	-$83.74K	-$2.835K
YoY Change	-100.77%	2853.62%	-97.56%
NET CHANGE
Cash From Operating Activities	-482.1K	-$1.750M	-$2.233M
Cash From Investing Activities	-1.724M	$1.476M	-$243.0K
Cash From Financing Activities	-53.29K	-$83.74K	-$2.835K
Net Change In Cash	-2.260M	-$357.2K	-$2.478M
YoY Change	-142.52%	-85.59%	29.5%
FREE CASH FLOW
Cash From Operating Activities	-$482.1K	-$1.750M	-$2.233M
Capital Expenditures	$1.724M	$1.991M	$744.0K
Free Cash Flow	-$2.206M	-$3.741M	-$2.977M
YoY Change	6.21%	25.68%	58.5%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2024Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	9520000	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	9520000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	9520000	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	9520000	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	9520	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	9520	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	38274940	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	37848657	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-16033211	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-14346984	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	22251248	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	23511193	usd
CY2024Q1	us-gaap	Minority Interest MinorityInterest	7889455	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	8538422	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	30140703	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	32049615	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	36454352	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	39846713	usd
CY2024Q1	us-gaap	Revenues Revenues	5276343	usd
CY2023Q1	us-gaap	Revenues Revenues	8877215	usd
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	4999030	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	7267657	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	277314	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	1609558	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	693954	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1022690	usd
CY2024Q1	us-gaap	Salaries And Wages SalariesAndWages	1296269	usd
CY2023Q1	us-gaap	Salaries And Wages SalariesAndWages	1737750	usd
CY2024Q1	us-gaap	Professional Fees ProfessionalFees	255325	usd
CY2023Q1	us-gaap	Professional Fees ProfessionalFees	297717	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	702648	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	2820520	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	3979081	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2543206	usd
CY2024Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	149691	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2369523	usd
CY2024Q1	us-gaap	Dividend Income Operating DividendIncomeOperating	213732	usd
CY2023Q1	us-gaap	Dividend Income Operating DividendIncomeOperating	234510	usd
CY2024Q1	us-gaap	Other Income OtherIncome	38991	usd
CY2023Q1	us-gaap	Other Income OtherIncome	-1551	usd
CY2024Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-66950	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-51938	usd
CY2024Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	2577	usd
CY2023Q1	us-gaap	Interest And Other Income InterestAndOtherIncome	22430	usd
CY2024Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-15548	usd
CY2023Q1	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	8034	usd
CY2024Q1	VEEE	Realized Gain On Marketable Securities RealizedGainOnMarketableSecurities	35210	usd
CY2023Q1	VEEE	Realized Gain On Marketable Securities RealizedGainOnMarketableSecurities	0	usd
CY2024Q1	VEEE	Employee Retention Credit Income EmployeeRetentionCreditIncome	0	usd
CY2023Q1	VEEE	Employee Retention Credit Income EmployeeRetentionCreditIncome	329573	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	208012	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	541058	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	-2335194	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet	-1828465	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-0	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-0	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-2335194	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-1828465	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-648967	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-661693	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-1686227	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-1166772	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.18
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.18
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9520000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	9520000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9520000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	9520000	shares
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	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	31675388	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	32049615	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition	426283	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-2335194	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	30140703	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-2335194	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-1828465	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	426283	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	482964	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	425281	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	218276	usd
CY2024Q1	VEEE	Change Of Rightofuse Asset And Lease Liabilities ChangeOfRightofuseAssetAndLeaseLiabilities	119428	usd
CY2023Q1	VEEE	Change Of Rightofuse Asset And Lease Liabilities ChangeOfRightofuseAssetAndLeaseLiabilities	118206	usd
CY2024Q1	VEEE	Net Change In Fair Value Of Marketable Securities NetChangeInFairValueOfMarketableSecurities	-15548	usd
CY2023Q1	VEEE	Net Change In Fair Value Of Marketable Securities NetChangeInFairValueOfMarketableSecurities	8034	usd
CY2024Q1	VEEE	Chane In Inventory Reserve ChaneInInventoryReserve	113252	usd
CY2023Q1	VEEE	Chane In Inventory Reserve ChaneInInventoryReserve	0	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10712	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	611163	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-881527	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	788455	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-45954	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-263842	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-904756	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	650441	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-377715	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-611553	usd
CY2024Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-126069	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-119209	usd
CY2024Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-22747	usd
CY2023Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	500	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1749920	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2232650	usd
CY2024Q1	VEEE	Payment To Security Deposit PaymentToSecurityDeposit	-2709	usd
CY2023Q1	VEEE	Payment To Security Deposit PaymentToSecurityDeposit	-0	usd
CY2024Q1	VEEE	Realized Gains On Marketable Securities Available For Sale RealizedGainsOnMarketableSecuritiesAvailableForSale	35210	usd
CY2023Q1	VEEE	Realized Gains On Marketable Securities Available For Sale RealizedGainsOnMarketableSecuritiesAvailableForSale	-0	usd
CY2024Q1	VEEE	Net Sales Of Investment In Trading Marketable Securities NetSalesOfInvestmentInTradingMarketableSecurities	3500000	usd
CY2023Q1	VEEE	Net Sales Of Investment In Trading Marketable Securities NetSalesOfInvestmentInTradingMarketableSecurities	501001	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1991051	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	744008	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1476448	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-243007	usd
CY2024Q1	VEEE	Proceeds From Repayment Of Finance Lease ProceedsFromRepaymentOfFinanceLease	-83735	usd
CY2023Q1	VEEE	Proceeds From Repayment Of Finance Lease ProceedsFromRepaymentOfFinanceLease	-2835	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-83735	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2835	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-357207	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-2478492	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
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16398027	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	21022515	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	51978	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	59895	usd
CY2024Q1	VEEE	Increase In Rightofuse Asset And Lease Liability IncreaseInRightofuseAssetAndLeaseLiability	31572	usd
CY2023Q1	VEEE	Increase In Rightofuse Asset And Lease Liability IncreaseInRightofuseAssetAndLeaseLiability	92405	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16137920	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	21022515	usd
CY2024Q1	us-gaap	Restricted Cash RestrictedCash	260107	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	0	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16398027	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	21022515	usd
CY2024Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	21448	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	44195	usd
CY2023Q1	VEEE	Increase In Cost Of Sales IncreaseInCostOfSales	1612272	usd
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_842_eus-gaap--UseOfEstimates_zwyDp5bEyzn9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_863_z8pX8TkQfZp6">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>
CY2024Q1	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84F_eus-gaap--ConcentrationRiskCreditRisk_zpAgt7qYVtkd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_861_zD3csnBqWSxi">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_90C_eus-gaap--CashFDICInsuredAmount_pp0p0_c20240331_zrV6BuEH6io7" title="FDIC insured limit">250,000</span> are at risk. As of March 31, 2024 and December 31, 2023, the Company had $<span id="xdx_904_eus-gaap--CashUninsuredAmount_pp0p0_c20240331_zO3ZXuqDRcB8" title="FDIC uninsured amount">15,562,629</span> and $<span id="xdx_900_eus-gaap--CashUninsuredAmount_pp0p0_c20231231_zuJ2NgXTbOBl" title="FDIC uninsured amount">15,868,574</span>, respectively, in excess of FDIC insured limits.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2024Q1	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2024Q1	us-gaap	Cash Uninsured Amount CashUninsuredAmount	15562629	usd
CY2023Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	15868574	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16398027	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16755233	usd
CY2024Q1	us-gaap	Restricted Cash RestrictedCash	260107	usd
CY2023Q4	us-gaap	Restricted Cash RestrictedCash	257530	usd
CY2024Q1	us-gaap	Advertising Expense AdvertisingExpense	34589	usd
CY2023Q1	us-gaap	Advertising Expense AdvertisingExpense	125039	usd
CY2024Q1	us-gaap	Other Research And Development Expense OtherResearchAndDevelopmentExpense	149691	usd
CY2023Q1	us-gaap	Other Research And Development Expense OtherResearchAndDevelopmentExpense	702648	usd
CY2024Q1	VEEE	Shipping And Handling Costs ShippingAndHandlingCosts	134466	usd
CY2023Q1	VEEE	Shipping And Handling Costs ShippingAndHandlingCosts	185532	usd
CY2024Q1	VEEE	Accounts Payable Related Party AccountsPayableRelatedParty	1709801	usd
CY2023Q1	VEEE	Accounts Payable Related Party AccountsPayableRelatedParty	1870425	usd
CY2024Q1	VEEE	Employee Retention Credit EmployeeRetentionCredit	0	usd
CY2023Q1	VEEE	Employee Retention Credit EmployeeRetentionCredit	329573	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	13891330	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12293988	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	425281	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	218276	usd
CY2024Q1	VEEE	Marketable Securities Amortized Cost MarketableSecuritiesAmortizedCost	1002050	usd
CY2024Q1	VEEE	Marketable Securities Gross Unrealized Gains MarketableSecuritiesGrossUnrealizedGains	12697	usd
CY2024Q1	VEEE	Marketable Securities Gross Unrealized Losses MarketableSecuritiesGrossUnrealizedLosses	-32143	usd
CY2024Q1	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	982604	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	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	4462942	usd
CY2024Q1	us-gaap	Marketable Securities MarketableSecurities	982604	usd
CY2023Q4	us-gaap	Marketable Securities MarketableSecurities	4462942	usd
CY2024Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	4245247	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	5001512	usd
CY2024Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	72797	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	96721	usd
CY2024Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	104806	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	206144	usd
CY2024Q1	us-gaap	Inventory Gross InventoryGross	4422850	usd
CY2023Q4	us-gaap	Inventory Gross InventoryGross	5304377	usd
CY2024Q1	VEEE	Reserve For Excess And Obsolete ReserveForExcessAndObsolete	532868	usd
CY2023Q4	VEEE	Reserve For Excess And Obsolete ReserveForExcessAndObsolete	419616	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	3889982	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	4884761	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	16696926	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	14676820	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2805596	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2382832	usd
CY2024Q1	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	217583	usd
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	214715	usd
CY2024Q1	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	2589092	usd
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	2644123	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	2806675	usd
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	2858838	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	223688	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	298249	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	296033	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	292051	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	1986655	usd
CY2024Q1	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	3096676	usd
CY2024Q1	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	290001	usd
CY2024Q1	us-gaap	Finance Lease Liability FinanceLeaseLiability	2806675	usd
CY2024Q1	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.0307	pure
CY2024Q1	us-gaap	Lessee Finance Lease Remaining Lease Term LesseeFinanceLeaseRemainingLeaseTerm	P4Y2M1D
CY2024Q1	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	130592	usd
CY2023Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	343511	usd
CY2024Q1	us-gaap	Interest Payable Current InterestPayableCurrent	116340	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	33245	usd
CY2024Q1	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	91968	usd
CY2023Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	0	usd
CY2024Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	35000	usd
CY2023Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	0	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	142189	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	115037	usd
CY2024Q1	VEEE	Accrued Consturction Expense AccruedConsturctionExpense	0	usd
CY2023Q4	VEEE	Accrued Consturction Expense AccruedConsturctionExpense	390825	usd
CY2024Q1	us-gaap	Extended Product Warranty Accrual ExtendedProductWarrantyAccrual	181709	usd
CY2023Q4	us-gaap	Extended Product Warranty Accrual ExtendedProductWarrantyAccrual	192894	usd
CY2024Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	697798	usd
CY2023Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1075512	usd
CY2024Q1	VEEE	Income Loss From Operations IncomeLossFromOperations	-2543207	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	208012	usd
CY2024Q1	VEEE	Net Loss NetLoss	-2335194	usd
CY2023Q1	us-gaap	Revenues Revenues	8877215	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	0	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	6611	usd
CY2024Q1	VEEE	Long Term Debt Maturities Repayments Of Principal After Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearThree	493289	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	499900	usd
CY2024Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	7500	usd
CY2023Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	7500	usd
CY2024Q1	us-gaap	Contractual Obligation ContractualObligation	13176754	usd
CY2023Q4	us-gaap	Contractual Obligation ContractualObligation	10510252	usd
CY2024Q1	us-gaap	Restricted Cash RestrictedCash	260107	usd
CY2023Q4	us-gaap	Restricted Cash RestrictedCash	257530	usd
CY2024Q1	us-gaap	Revenues Revenues	5276343	usd
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	4999030	usd
CY2024Q1	VEEE	Operating Expense OperatingExpense	2820520	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	7267657	usd
CY2023Q1	VEEE	Operating Expense OperatingExpense	3979081	usd
CY2023Q1	VEEE	Income Loss From Operations IncomeLossFromOperations	-2369523	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	541058	usd
CY2023Q1	VEEE	Net Loss NetLoss	-1828465	usd
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
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0001731122-24-000812-index.html	Edgar Link	pending
0001731122-24-000812.txt	Edgar Link	pending
0001731122-24-000812-xbrl.zip	Edgar Link	pending
e5664_10q.htm	Edgar Link	pending
e5664_ex31-1.htm	Edgar Link	pending
e5664_ex31-2.htm	Edgar Link	pending
e5664_ex32-1.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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report.css	Edgar Link	pending
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veee-20240331.xsd	Edgar Link	pending
veee-20240331_def.xml	Edgar Link	unprocessable
veee-20240331_lab.xml	Edgar Link	unprocessable
veee-20240331_pre.xml	Edgar Link	unprocessable
veee-20240331_cal.xml	Edgar Link	unprocessable

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$VEEE
Twin Vee PowerCats, Co. Stock $veee

2024 Q2 Form 10-Q Financial Statement

#000173112224000812 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VEEE Twin Vee PowerCats, Co. Stock $veee

2024 Q2 Form 10-Q Financial Statement

#000173112224000812 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$VEEE
Twin Vee PowerCats, Co. Stock $veee