Forza X1 (FRZA) 10-Q 9 May 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	May 09, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-41469
Entity Registrant Name	FORZA X1, INC.
Entity Central Index Key	0001901305
Entity Tax Identification Number	87-3159685
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	3101 S. US-1
Entity Address, City or Town	Ft. Pierce
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34982
City Area Code	(772)
Local Phone Number	429-2525
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	FRZA
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		10,450,000

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 10,683,000	$ 12,767,199
Inventories	42,829
Due from Twin Vee	129,371
Prepaid expenses and other current assets	366,983	519,735
Total Current Assets	11,222,183	13,286,934
Operating lease right of use asset	140,658	162,069
Security deposit	7,517	7,517
Property and equipment, net	1,021,674	765,406
Total Assets	12,392,032	14,221,926
Current Liabilities:
Accounts payable	49,555	99,028
Accrued liabilities	77,169	92,767
Finance leases - current portion	16,830
Operating lease right of use liability	87,789	86,245
Contract liabilities - customer deposits	5,800	5,300
Due to Twin Vee		169,851
Total Current Liabilities	237,143	453,191
Finance leases - noncurrent	72,739
Operating lease liability - noncurrent	45,916	68,532
Total Liabilities	355,798	521,723
Commitments and contingencies (Note 7)
Stockholders’ Equity:
Common stock: 25,000,000 authorized; $0.001 par value; 10,450,000   shares issued and outstanding	10,450	10,450
Additional paid in capital	18,118,548	17,777,385
Accumulated deficit	(6,092,764)	(4,087,632)
Total Stockholders’ Equity	12,036,234	13,700,203
Total Liabilities and Stockholders’ Equity	$ 12,392,032	$ 14,221,926

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, shares authorized	25,000,000	25,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	10,450,000	10,450,000
Common stock, shares outstanding	10,450,000	10,450,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net sales
Cost of products sold	49,941	11,078
Gross loss	(49,941)	(11,078)
Operating expenses:
Selling, general and administrative	354,662	77,865
Salaries and wages	862,764	182,286
Research and development	702,648	215,670
Professional fees	124,040	19,078
Depreciation	35,696	7,737
Total operating expenses	2,079,810	502,636
Loss from operations	(2,129,751)	(513,714)
Other income (expense):
Interest expense	(291)	(601)
Interest income		23
Dividend income	124,910
Total other income (expense)	124,619	(578)
Income before income tax	(2,005,132)	(514,292)
Income taxes provision
Net loss	$ (2,005,132)	$ (514,292)
Basic and diluted (loss) per common share	$ (0.19)	$ (0.07)
Weighted average common shares outstanding basic and diluted	10,450,000	7,000,000

Condensed Statements of Stockho

Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 7,000	$ 1,993,500	$ (457,551)	$ 1,542,949
Beginning Balance, Shares at Dec. 31, 2021	700,000
Stock-based compensation
Net loss			(514,292)	(514,292)
Ending balance, value at Mar. 31, 2022	$ 7,000	1,993,500	(971,843)	1,028,657
Ending balance, Shares at Mar. 31, 2022	700,000
Beginning balance, value at Dec. 31, 2022	$ 10,450	17,777,385	(4,087,632)	13,700,203
Beginning Balance, Shares at Dec. 31, 2022	10,450,000
Stock-based compensation		341,163		341,163
Net loss			(2,005,132)	(2,005,132)
Ending balance, value at Mar. 31, 2023	$ 10,450	$ 18,118,548	$ (6,092,764)	$ 12,036,234
Ending balance, Shares at Mar. 31, 2023	10,450,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows From Operating Activities
Net loss	$ (2,005,132)	$ (514,292)
Adjustments to reconcile net loss:
Depreciation	35,696	7,737
Stock based compensation	341,163
Change of right-of-use asset	21,411
Inventories	(42,829)
Prepaid expenses and other current assets	152,752	68,602
Accounts payable	(49,473)	23,645
Contract liabilities - customer deposits	500	(11,229)
Accrued liabilities	(15,598)
Operating lease liabilities	(21,072)
Net cash used in operating activities	(1,582,582)	(425,537)
Cash Flows From Investing Activities
Purchase of property and equipment	(199,599)	(39,870)
Net cash used in investing activities	(199,559)	(39,870)
Cash Flows From Financing Activities
Deferred offering costs		(116,394)
Finance lease liabilities	(2,836)
Repayments of advances from parent	(409,505)	(600,557)
Advances from parent	110,283	18,151
Net cash used in financing activities	(302,058)	(698,800)
Net change in cash and cash equivalents	(2,084,199)	(1,164,207)
Cash and cash equivalents at beginning of period	12,767,199	1,803,285
Cash and cash equivalents at end of period	10,683,000	639,078
Supplemental Cash Flow Information
Cash paid for income taxes
Cash paid for interest	291	601
Non Cash Financing Activities
Finance lease	$ 92,405

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies Organization Forza X1, Inc. (“Forza”) was initially incorporated as Electra Power Sports, Inc. on October 15, 2021, but subsequently changed its name to Forza X1, Inc. on October 29, 2021. The Company’s parent company was incorporated in the State of Florida as Twin Vee Catamarans, Inc. on December 1, 2009, and reincorporated in Delaware on April 7, 2021, as Twin Vee PowerCats Co. (“Twin Vee”). Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of March 31, 2023 and the results of operations and cash flows for the periods presented. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes thereto for the year ended December 31, 2022 included in the Company’s 10-K filed with the SEC on March 28, 2023. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States “U.S. GAAP” requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. Included in those estimates are assumptions about useful life of fixed assets. Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with original maturities of three months or less at the time of the purchase. On March 31, 2023 and December 31, 2022, the Company had cash and cash equivalents of $ 10,683,000 12,767,199 Concentrations of Credit and Business Risk 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 $ 250,000 10,271,464 12,446,216

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	2. Property and Equipment At March 31, 2023 and December 31, 2022, property and equipment consisted of the following: Schedule of property and equipment March 31, December 31, 2023 2022 Building - construction in progress 25,071 10,031 Equipment 195,148 59,806 Computer hardware and software 38,847 37,016 Software and website development 90,396 35,572 Furniture and fixtures 2,152 — Vehicles 48,825 — Prototype 142,526 142,526 Molds and fixtures 562,916 528,966 1,105,881 813,917 Less accumulated depreciation (84,207 ) (48,511 ) $ 1,021,674 $ 765,406 Depreciation expense of property and equipment of $ 35,696 7,737

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	3. Leases Operating right of use (“ROU”) assets and operating lease liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments not yet paid. Operating right of use assets represent the Company’s right to use an underlying asset and is based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. To determine the present value of lease payments not yet paid, the Company estimates incremental secured borrowing rates corresponding to the maturities of the leases. We used the U.S. Treasury rate of 0.33 The Company leases a warehouse facility, and the land upon which the warehouse is located which are located at 150 Commerce Street, Old Fort, North Carolina (the “Property”) from NC Limited Liability Company. The Company entered into the lease on October 7, 2022, the lease has a term of 2 7,517 7,517 At March 31, 2023 and December 31, 2022, supplemental balance sheet information related to leases were as follows: Schedule of condensed balance sheet March 31, December 31, 2023 2022 Operating lease ROU asset $ 140,658 $ 162,069 March 31, December 31, 2023 2022 Operating lease liabilities: Current portion $ 87,789 $ 86,245 Non-current portion 45,916 68,532 Total lease liabilities $ 133,705 $ 154,777 At March 31, 2023, future minimum lease payments under the non-cancelable operating leases are as follows: Years Ending December 31, Schedule of future minimum lease payments 2023 $ 68,552 2024 61,937 Total lease payment $ 130,489 The following summarizes other supplemental information about the Company’s operating lease: Schedule of operating lease cost March 31, 2023 Weighted average discount rate 4 % Weighted average remaining lease term (years) 1.58 Three Months Ended March 31, 2023 Operating lease cost $ 22,550 Total lease cost $ 22,550 The Company has finance leases for a vehicle and a forklift. The Company entered into the forklift lease in January of 2023, it is a 60 7.5 60 3 16,830 72,739

Related Party Transaction

Related Party Transaction	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transaction	4. Related Party Transaction As of March 31, 2023 and December 31, 2022, the Company had current liabilities of $ 0 169,851 129,371 0 Associated with amounts advanced and due to Twin Vee, for the three months ended March 31, 2023 and 2022, the Company recorded interest expense of $ 426 601 6 Pursuant to a management agreement with Twin Vee, dated October 2021, and a subsequent agreement dated September 2022, for various management services, the Company paid $5,000 monthly through August of 2021, and $6,800 monthly thereafter for management fee associated with the use of shared management resources. The September 2022 agreement has a term of one year and will expire on August 31, 2023. 20,400 15,000 For the three months ended March 31, 2023 and 2022 the Company recorded rent expense of approximately $ 10,200 2,550 3,400 During the three months ended March 31, 2023 and 2022, the Company repaid advancements from Twin Vee of $ 409,505 600,557 110,283 18,151

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
Accrued Liabilities	5. Accrued Liabilities At March 31, 2023 and December 31, 2022, accrued liabilities consisted of the following: Schedule of accrued liabilities March 31, December 31, 2023 2022 Accrued wages and benefits $ 47,910 $ 56,581 Accrued operating expense 29,259 36,186 Total $ 77,169 $ 92,767

Liquidity

Liquidity	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity	6. Liquidity As of March 31, 2023, the Company had cash and cash equivalents and working capital of $ 10,683,000 and $ 10,985,040 12,767,199 and $ 12,833,743 , respectively, on December 31, 2022. The Company has incurred a net loss of $ 2,005,132 514,292 for the three months ended March 31, 2023 and 2022, respectively. Losses have principally occurred as a result of the research and development efforts coupled with no operating revenue. The Company has no current source of revenue and may seek additional equity and/or debt financing. A successful transition to attaining profitable operations is dependent upon achieving a level of positive cash flows adequate to support the Company’s cost structure.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	7. Commitments and Contingencies Short-term lease In August of 2022, the Company signed a six-month lease for a duplex, to be used by its employees to minimize travel expense as it started construction on its new manufacturing facility, for $ 2,200 2,200 Litigation The Company is currently involved in a civil litigation in the normal course of business, the Company does not consider this to be material.

Stockholders_ Equity

Stockholders’ Equity	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Stockholders’ Equity	8. Stockholders’ Equity Common Stock Warrants As of March 31, 2023, the Company had outstanding warrants to purchase 172,500 6.25 August 16, 2027 no Equity Compensation Plan The Company maintains an equity compensation plan (the “Plan”) under which it may award employees, directors and consultants’ incentive and non-qualified stock options, restricted stock, stock appreciation rights and other stock-based awards with terms established by the Compensation Committee of the Board of Directors which has been appointed by the Board of Directors to administer the plan. The number of awards under the Plan automatically increased on January 1, 2023. As of March 31, 2023, there were 568,750 Accounting for Stock -Based Compensation Stock Compensation Expense 341,163 0 Forza’s 2022 Stock Incentive Plan (the “Plan”) The Company utilizes the Black-Scholes model to determine fair value of stock option awards on the date of grant. The Company utilized the following assumptions for option grants during the three months ended March 31, 2023: Schedule of assumptions Three months ended March 31, 2023 Expected term 5 Expected average volatility 111 115 % Expected dividend yield — Risk-free interest rate 2.98 3.62 % The expected volatility of the option is determined using historical volatilities based on historical stock price of comparable boat manufacturing companies. The Company estimated the expected life of the options granted based upon historical weighted average of comparable boat manufacturing companies. The risk-free interest rate is determined using the U.S. Department of the Treasury yield curve rates with a remaining term equal to the expected life of the option. The Company has never paid a dividend, and as such the dividend yield is 0.0% Schedule of stock option activity Options Outstanding Weighted Average Number of Weighted Average Remaining life Options Exercise Price (years) Fair value of option Outstanding, December 31, 2021 — $ — — $ — Granted 1,441,500 3.41 10.00 4,009,913 Exercised — — Forfeited/canceled — — — — Outstanding, December 31, 2022 1,441,500 $ 3.41 10.00 $ 4,009,913 Granted — — — — Exercised — — Forfeited/canceled (36,944 ) 1.33 9.74 — Outstanding, March 31, 2023 1,404,556 $ 3.46 9.51 $ 4,009,913 Exercisable options, March 31, 2023 240,583 $ 4.21 9.44

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events The Company has evaluated all events or transactions that occurred after March 31, 2023 through May 9, 2023, which is the date that the condensed financial statements were available to be issued. During this period, there were no material subsequent events requiring recognition or disclosure.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Organization	Organization Forza X1, Inc. (“Forza”) was initially incorporated as Electra Power Sports, Inc. on October 15, 2021, but subsequently changed its name to Forza X1, Inc. on October 29, 2021. The Company’s parent company was incorporated in the State of Florida as Twin Vee Catamarans, Inc. on December 1, 2009, and reincorporated in Delaware on April 7, 2021, as Twin Vee PowerCats Co. (“Twin Vee”).
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of March 31, 2023 and the results of operations and cash flows for the periods presented. The results of operations for the three months ended March 31, 2023 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes thereto for the year ended December 31, 2022 included in the Company’s 10-K filed with the SEC on March 28, 2023.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States “U.S. GAAP” requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. Included in those estimates are assumptions about useful life of fixed assets.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with original maturities of three months or less at the time of the purchase. On March 31, 2023 and December 31, 2022, the Company had cash and cash equivalents of $ 10,683,000 12,767,199
Concentrations of Credit and Business Risk	Concentrations of Credit and Business Risk 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 $ 250,000 10,271,464 12,446,216

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment March 31, December 31, 2023 2022 Building - construction in progress 25,071 10,031 Equipment 195,148 59,806 Computer hardware and software 38,847 37,016 Software and website development 90,396 35,572 Furniture and fixtures 2,152 — Vehicles 48,825 — Prototype 142,526 142,526 Molds and fixtures 562,916 528,966 1,105,881 813,917 Less accumulated depreciation (84,207 ) (48,511 ) $ 1,021,674 $ 765,406

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of condensed balance sheet	Schedule of condensed balance sheet March 31, December 31, 2023 2022 Operating lease ROU asset $ 140,658 $ 162,069 March 31, December 31, 2023 2022 Operating lease liabilities: Current portion $ 87,789 $ 86,245 Non-current portion 45,916 68,532 Total lease liabilities $ 133,705 $ 154,777
Schedule of future minimum lease payments	Schedule of future minimum lease payments 2023 $ 68,552 2024 61,937 Total lease payment $ 130,489
Schedule of operating lease cost	Schedule of operating lease cost March 31, 2023 Weighted average discount rate 4 % Weighted average remaining lease term (years) 1.58 Three Months Ended March 31, 2023 Operating lease cost $ 22,550 Total lease cost $ 22,550

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
Schedule of accrued liabilities	Schedule of accrued liabilities March 31, December 31, 2023 2022 Accrued wages and benefits $ 47,910 $ 56,581 Accrued operating expense 29,259 36,186 Total $ 77,169 $ 92,767

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of assumptions	Schedule of assumptions Three months ended March 31, 2023 Expected term 5 Expected average volatility 111 115 % Expected dividend yield — Risk-free interest rate 2.98 3.62 %
Schedule of stock option activity	Schedule of stock option activity Options Outstanding Weighted Average Number of Weighted Average Remaining life Options Exercise Price (years) Fair value of option Outstanding, December 31, 2021 — $ — — $ — Granted 1,441,500 3.41 10.00 4,009,913 Exercised — — Forfeited/canceled — — — — Outstanding, December 31, 2022 1,441,500 $ 3.41 10.00 $ 4,009,913 Granted — — — — Exercised — — Forfeited/canceled (36,944 ) 1.33 9.74 — Outstanding, March 31, 2023 1,404,556 $ 3.46 9.51 $ 4,009,913 Exercisable options, March 31, 2023 240,583 $ 4.21 9.44

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and Cash Equivalents	$ 10,683,000	$ 12,767,199
FDIC insured limit	250,000
FDIC excess amount	$ 10,271,464	$ 12,446,216

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,105,881	$ 813,917
Less: accumulated depreciation	(84,207)	(48,511)
Property and equipment, net	1,021,674	765,406
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	25,071	10,031
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	195,148	59,806
Computer Hardware And Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	38,847	37,016
Software And Website Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	90,396	35,572
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,152
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	48,825
Prototype [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	142,526	142,526
Molds And Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 562,916	$ 528,966

Property and Equipment (Detai_2

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 35,696	$ 7,737

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease ROU asset	$ 140,658	$ 162,069
Current portion	87,789	86,245
Non-current portion	45,916	68,532
Total	$ 133,705	$ 154,777

Leases (Details 1)

Leases (Details 1)	Mar. 31, 2023 USD ($)
Leases [Abstract]
2023	$ 68,552
2024	61,937
Total	$ 130,489

Leases (Details 2)

Leases (Details 2)	3 Months Ended
	Mar. 31, 2023 USD ($)
Leases [Abstract]
Weighted average discount rate	4%
Weighted average remaining lease term (years)	1 year 6 months 29 days
Operating lease cost	$ 22,550
Lease cost	$ 22,550

Leases (Details Narrative)

Leases (Details Narrative) - USD ($)		12 Months Ended
	Oct. 07, 2022	Dec. 31, 2022	Mar. 31, 2023	Feb. 28, 2023	Jan. 31, 2023
Lessee, Lease, Description [Line Items]
Treasury rate		$ 0.0033
Operating lease, term	2 years
Operating lease, current base rent payment	$ 7,517
Operating lease, security deposit	$ 7,517
Finance lease, current portion			$ 16,830
Finance lease, non-current portion			$ 72,739
Forklift [Member]
Lessee, Lease, Description [Line Items]
Finance lease term					60 years
Finance lease interest rate					7.50%
Vehicles [Member]
Lessee, Lease, Description [Line Items]
Finance lease term				60 years
Finance lease interest rate					3%

Related Party Transaction (Deta

Related Party Transaction (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Interest expense	$ 291	$ 601
Repayments of advances from parent	409,505	600,557
Payments of advances from parent	110,283	18,151
Twin Vee [Member]
Related Party Transaction [Line Items]
Due to parent	0		$ 169,851
Interest expense	$ 426	$ 601
Interest rate	6%	6%
Management fees description	the Company paid $5,000 monthly through August of 2021, and $6,800 monthly thereafter for management fee associated with the use of shared management resources. The September 2022 agreement has a term of one year and will expire on August 31, 2023.
Management fees	$ 20,400	$ 15,000
Rent expense	10,200	2,550
Adjusted rent	3,400
Repayments of advances from parent	409,505	600,557
Payments of advances from parent	110,283	$ 18,151
Twin Vee [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Due from twin vee	$ 129,371		$ 0

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued wages and benefits	$ 47,910	$ 56,581
Accrued operating expense	29,259	36,186
Total	$ 77,169	$ 92,767

Liquidity (Details Narrative)

Liquidity (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 10,683,000		$ 12,767,199
Working capital	10,985,040		$ 12,833,743
Net Income (Loss) Attributable to Parent	$ 2,005,132	$ 514,292

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	3 Months Ended
	Mar. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Short term lease	$ 2,200
Lease expense	$ 2,200

Stockholders' Equity (Details)

Stockholders' Equity (Details)	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Expected term	5 years
Expected average volatility	111%
Expected average volatility	115%
Expected dividend yield
Risk-free interest rate	2.98%
Risk-free interest rate	3.62%

Stockholders' Equity (Details 1

Stockholders' Equity (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Number of shares outstanding, beginning	1,441,500
Weighted average exercise price outstanding, beginning	$ 3.41
Fair value of option outstanding, beginning	$ 4,009,913
Granted		1,441,500
Weighted average exercise price, granted		$ 3.41
Weighted average remaining life granted		10 years
Fair value of option granted		$ 4,009,913
Exercised
Weighted average exercise price, exercised
Number of option Forfeited/canceled	36,944
Weighted average exercise price, forfeited	$ 1.33
Fair value of option forfeited
Weighted average remaining life		10 years
Number of option Forfeited/canceled	(36,944)
Weighted average remaining life forfeited	9 years 8 months 26 days
Number of shares outstanding, ending	1,404,556	1,441,500
Weighted average exercise price outstanding, ending	$ 3.46	$ 3.41
Weighted average remaining life	9 years 6 months 3 days
Fair value of option outstanding, ending	$ 4,009,913	$ 4,009,913
Exercisable options	240,583
Weighted average exercise price, exercisable options	$ 4.21
Weighted average remaining life exercisable	9 years 5 months 8 days

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding warrants	172,500
Weighted-average exercise price	$ 6.25
Expiration date	Aug. 16, 2027
Warrant activity	$ 0
Stock-based compensation expense	$ 341,163	$ 0
Equity Compensation Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares available for grant	568,750