Quarterly ResultJun 16, 2026, 04:22 PM
Vynleads Reports $97K Net Loss on Zero Revenue for Q1 2026
AI Summary
Vynleads, Inc. filed its quarterly report on Form 10-Q for the period ending March 31, 2026. The company reported zero revenue for the quarter, with a net loss of $96,956, an increase from the $80,970 net loss in the prior year's quarter. Total assets significantly decreased, while liabilities and stockholders' deficit increased, raising concerns about the company's going concern status. The company's operations are focused on metabolic health and chronic conditions through its digital platform.
Key Highlights
- Vynleads reported a net loss of $96,956 for the three months ended March 31, 2026, compared to a net loss of $80,970 for the same period in 2025.
- Revenue for the three months ended March 31, 2026 and 2025 was $0.
- Total assets decreased from $53,709 as of December 31, 2025, to $4,843 as of March 31, 2026.
- Total liabilities increased from $406,140 as of December 31, 2025, to $421,730 as of March 31, 2026.
- Stockholders' deficit increased from $352,431 as of December 31, 2025, to $416,887 as of March 31, 2026.
- Net loss per share was ($0.01) for the three months ended March 31, 2026, compared to ($0.00) for the same period in 2025.
- Weighted average common shares outstanding increased from 11,599,830 in Q1 2025 to 18,327,364 in Q1 2026.