v3.23.3
Condensed Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash & Cash Equivalents $ 5,438,820 $ 12,767,199
Marketable Securities - Available for Sale 9,896,520
Due from Twin Vee 4,618
Inventory 777,831
Prepaid Assets 124,996 519,735
Total Current Assets 16,242,785 13,286,934
Long-Term Assets:    
Property and Equipment, Net 1,051,936 765,406
Security Deposit 7,517 7,517
ROU Lease Asset 97,200 162,069
Total Long-Term Assets 1,156,653 934,992
Total Assets 17,399,438 14,221,926
Current Liabilities:    
Accounts Payable 38,513 99,028
Due to Twin Vee 169,851
Accrued Expenses 73,898 92,767
Contract Liabilities 5,800 5,300
ROU Lease Liability - S/T Portion 90,924 86,245
Financed Lease Liability - S/T Portion 17,233
Total Current Liabilities 226,368 453,191
Long-Term Liabilities:    
ROU Lease Liability 68,532
Financed Lease Liability 63,328
Total Long-Term Liabilities 63,328 68,532
Total Liabilities 289,696 521,723
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Common Stock: 25,000,000 authorized; $0.001 par value; 15,784,000 and 10,450,000 shares issued and outstanding, respectively 15,784 10,450
Additional Paid in Capital 25,716,690 17,777,385
Accumulated Deficit (8,622,732) (4,087,632)
Total Stockholders’ Equity 17,109,742 13,700,203
Total Liabilities & Stockholders’ Equity $ 17,399,438 $ 14,221,926

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