v3.24.1
Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows From Operating Activities    
Net loss $ (5,933,113) $ (3,630,081)
Adjustments to reconcile net loss:    
Depreciation 185,900 59,965
Change in fair value of marketable securities, available for (50,878)  
Stock based compensation 1,345,270 458,346
Change of right-of-use asset 86,922 (162,069)
Loss on disposal of assets 31,582
Change in inventory reserve 351,158
Inventories (844,618)
Prepaid expenses and other current assets 446,227 (431,258)
Security deposits (7,517)
Accounts payable (12,208) 85,695
Accrued liabilities 369,614 57,639
Contract liabilities - customer deposits 400 5,300
Operating lease liabilities (94,954) 154,777
Net cash used in operating activities (4,150,280) (3,377,621)
Cash Flows From Investing Activities    
Net purchases of investment in trading marketable securities (2,826,901)
Realized gain on sale of marketable securities, available for (103,941)  
Purchase of property and equipment (2,797,050) (606,726)
Net cash used in investing activities (5,727,892) (606,726)
Cash Flows From Financing Activities    
Proceeds from issuance of common stock 6,996,015 15,231,350
Deferred offering costs (66,463) (296,361)
Stock repurchase (21,379)
Capital contributions from Twin Vee 500,000
Finance lease (7,666)
Repayments of advances from affiliates (510,556) (1,099,468)
Advances from affiliates 542,553 612,740
Net cash provided by financing activities 6,932,504 14,948,261
Net change in cash and cash equivalents (2,945,668) 10,963,914
Cash and cash equivalents at beginning of year 12,767,199 1,803,285
Cash and cash equivalents at end of year 9,821,531 12,767,199
Supplemental Cash Flow Information    
Cash paid for interest 3,694 3,286
Non Cash Investing and Financing Activities    
Right of use asset - finance leases 92,405
Right of use asset $ 183,106

Source

PDF HTML 10-K Filing
ZIP XLS XBRL